Explain WHY bitcoin will be worth 1-3000 USD

[BitMaxz]

Hi,

Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?

Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."

Thanks in advance.

I think there's no way to know if the price will reach 1000 above as my speculation the price will rise a little bit when halving is done..
If you read some thread that the price will rise above 1000 they are just thinking that the value of bitcoin will reach high above 1000 but they are not giving the best proof... honestly we don't if it will happen you can make your own decision and didn't push anyone to hold bitcoin until halving ends..

[bitmarket.net]

Better be careful not to let your position influence your opinion on the market.

Just because one is long bitcoin and is wishing to see it trading at $1000 or $3000 doesn't necessairly mean such view is correct.

[techgeek]

Better be careful not to let your position influence your opinion on the market.

Just because one is long bitcoin and is wishing to see it trading at $1000 or $3000 doesn't necessairly mean such view is correct.

This should be noted on some perspective.

Drink other peoples kool aid then you`ll be part of the mess too. I can go by history that the volume we setup of bitcoin will be good, so the value will go up eventually.

But dont know when this happen. RIP

[The Sceptical Chymist]

I think if bitcoin ever gets that high, it's going to be years from now.  We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000.  Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.

[mrhelpful]

I think if bitcoin ever gets that high, it's going to be years from now.  We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000.  Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.

I was thinking of the same as well and I`m sure most to do as well..

$1,000 seems to be the new magic # for most to be convinced.. but I guess its similar back then when bitcoin broke its 1st $100 mark.

[Altynbekova]

I think if bitcoin ever gets that high, it's going to be years from now.  We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000.  Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.

I was thinking of the same as well and I`m sure most to do as well..

$1,000 seems to be the new magic # for most to be convinced.. but I guess its similar back then when bitcoin broke its 1st $100 mark.

1000 or 3000. I don't see both of them happening for the next coming  year. Even if just 1% of china's capital goes into bitcoin they will still cash it out which would be balanced.
So my bet is around 600 USD, or 700 at the most.

[bitmarket.net]

if you look at the history of bitcoin is will rise much more.

be careful when extrapolating the history.
past performance is not necessarly an indication of what's going to happen in the future.

[MaritiJames3]

Well because of the halving there is a good chance the bitcoin will go to a high amount for sure so that is the first point.
Another point is that more people are getting involved by the bitcoin and are gonna invest for sure.

[nejibens]

I think that's possible because simply Bitcoin is already growing up daily and also we expect that after the next halving its price will rise highly

[Hellacopter]

I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.

[fredashton]

I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.

Everyone is really positive about bitcoin going up,they didnt even move a bunch when they price was going down a few ago.
We are at peace that bitcoin will rise up.

[Dekker3D]

I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.

Everyone is really positive about bitcoin going up,they didnt even move a bunch when they price was going down a few ago.
We are at peace that bitcoin will rise up.

You gotta love the positivity of the bitcoin community as it helps bring stability into the price of the coin. Some dumps won't matter much as long as the community is behind the coin and ready to eat those dumps.

[praprata]

Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.

[randy8777]

Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.

we all assume that the block halving will bring us a significant price increase this year, but what if there wasn't a block halving upcoming? would you still think this year the price will rise significantly? in nearly every prediction i see people focus too much on the block halving which might make a lot people disappointed if things don't go as they were thinking.

[ZyclonRacerX]

Please list every reason and explain it like it's for a 10 yr old.

Because there's a sucker born every minute, OP.

[mrhelpful]

I think if bitcoin ever gets that high, it's going to be years from now.  We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000.  Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.

I was thinking of the same as well and I`m sure most to do as well..

$1,000 seems to be the new magic # for most to be convinced.. but I guess its similar back then when bitcoin broke its 1st $100 mark.

1000 or 3000. I don't see both of them happening for the next coming  year. Even if just 1% of china's capital goes into bitcoin they will still cash it out which would be balanced.
So my bet is around 600 USD, or 700 at the most.

Well its $1,000 the magic # for break through.

We cant have 3,000 to happen if 1,000 hasnt been done yet lol. 700 can be easily reached one people see the momentum on price when $500-600 is reached. People eventually invest after seeing #`s.

[Hashminers]

Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.

we all assume that the block halving will bring us a significant price increase this year, but what if there wasn't a block halving upcoming? would you still think this year the price will rise significantly? in nearly every prediction i see people focus too much on the block halving which might make a lot people disappointed if things don't go as they were thinking.

If that would not happen it would be a whole disaster for the most under us if I'm very honest about it.
It will make the people not believe in the bitcoin anymore, although the bitcoins is growing everyday.

[NeuroticFish]

Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.

Too optimistic? Time will tell.

[Digitalbitcoin]

Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.

Too optimistic? Time will tell.

Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+.

[romero121]

Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.

Too optimistic? Time will tell.

Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+.

Your calculation and the realistic growth will not be the same. Bitcoin gets a long history when it touches the year 2145, but that long history and increased adoption won't pave path for a increase as you have suggested as $10000+.