Some predict rise to 500, others to 10,000, what is the truth?

[zimmah]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

[Washika]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

[Denker]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

This just shows how much potential for growth Bitcoin has.
According to this list of the 100 richest people on the planet, each of them has more money than Bitcoin' s marketcap is.
http://www.celebritynetworth.com/list/top-100-richest-people-in-the-world/

And now have a look at all the markets where lots of money is invested in and Bitcoin could take a piece off: gold market, silver market, remittances, e-commerce, derivatives and many more.

[zimmah]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

of course,

i'm just giving that example to state how ridiculously low 8 billion dollar is.

it's not healthy or sustainable for bitcoin to have a market cap so low that 1 single person could buy every bitcoin 7 times over (at current prices).

[Washika]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

of course,

i'm just giving that example to state how ridiculously low 8 billion dollar is.

it's not healthy or sustainable for bitcoin to have a market cap so low that 1 single person could buy every bitcoin 7 times over (at current prices).

The price of bitcoin in 2012 was just $10. Now it is $500. It will just take some time to rise, so be patient.

[d5000]

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

My "a bit bearish" statement is only valid for a short-time increase, and only for this actual little rally of 2016.

I am sure that cryptocurrencies will be much bigger in a few years than now. In my last post I guessed a 100-300 billion USD cryptocurrency market for 2020. But as of 2016, they still have serious flaws (scalability, usability, volatility, energy consumption), and so they are not really usable for the Average Joe. So I expect a relatively slow, but steady increase in marketcap/value.

[Ayers]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

of course,

i'm just giving that example to state how ridiculously low 8 billion dollar is.

it's not healthy or sustainable for bitcoin to have a market cap so low that 1 single person could buy every bitcoin 7 times over (at current prices).

The price of bitcoin in 2012 was just $10. Now it is $500. It will just take some time to rise, so be patient.

so 50x? we can expact another 50x in 4 years? in 2020 with the next halving would be 25k? lol i think it's a bit dreaming to think about that value, a realistic scenario would be 5k

[zimmah]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

of course,

i'm just giving that example to state how ridiculously low 8 billion dollar is.

it's not healthy or sustainable for bitcoin to have a market cap so low that 1 single person could buy every bitcoin 7 times over (at current prices).

The price of bitcoin in 2012 was just $10. Now it is $500. It will just take some time to rise, so be patient.

I know....  I just have been trying to explain to people that the current price is ridiculously low to the point of not being sustainable, so they should expect a large rise.

Either bitcoin will die or bitcoin will become much more expensive, there is no middle ground.

and even if it's not bitcoin, at least 1 crypto will at some point reach a trillion dollar market cap.

Right now my bet is on bitcoin, but it might become another coin instead.

[Denker]

Most extremely high predictions are based on the experience of the two breathtaking rallies of 2013: the first one from ~10 to 266 and the second one from ~50 to 1240.

They forget two things:
- It is far easier to move the price of a low-priced good.
- At least in the October/November rally of 2013 malfunctioning trading bots like "Willy" were a key component to the rise. So this was an exceptional situation.

We have already reached 500, as I predicted in another thread for May. Halving is coming, and so is coming speculation on this event, I predict 650-850 until the mid of July. Maybe even 1000. But not much more.

Long-term estimations are much more difficult. I have estimated a $100-300 bn cryptocurrencies market by 2020. But I'm not sure if Bitcoin will be the leading one. It may also be Ethereum, Lisk, IOTA or even NXT.

with a market cap of a tiny 8 billion bitcoin is still very cheap.

the net worth of warren buffet for example is around 60 billion. This is just 1 person. 1 Person who could buy ALL bitcoins in existence 7 times over and STILL have 4 billion USD left over.

The average amount of bitcoin per person on the earth is less than 0.003 bitcoin, this means that for the average person, 1 bitcoin has to be so expensive that they could not afford even a cent of a bitcoin (in fact not even 1/3th of a cent of a bitcoin.

https://www.youtube.com/watch?v=qHUPPYzzZrI

If Warren Buffet wants to buy 1 million bitcoin, the price of each bitcoin will be over $10,000 easily.

of course,

i'm just giving that example to state how ridiculously low 8 billion dollar is.

it's not healthy or sustainable for bitcoin to have a market cap so low that 1 single person could buy every bitcoin 7 times over (at current prices).

The price of bitcoin in 2012 was just $10. Now it is $500. It will just take some time to rise, so be patient.

I know....  I just have been trying to explain to people that the current price is ridiculously low to the point of not being sustainable, so they should expect a large rise.

Either bitcoin will die or bitcoin will become much more expensive, there is no middle ground.

and even if it's not bitcoin, at least 1 crypto will at some point reach a trillion dollar market cap.

Right now my bet is on bitcoin, but it might become another coin instead.

If it shouldn't be Bitcoin, the other coin also will have to be an open, global, borderless, censorship resistant, transactional and transnational network.Anything else will have no chance over the long run!

[zimmah]

If it shouldn't be Bitcoin, the other coin also will have to be an open, global, borderless, censorship resistant, transactional and transnational network.Anything else will have no chance over the long run!

I know, but there are some options.

Right now i still think bitcoin is the one, but some of the alts might actually take over, especially if bitcoin keeps being so slow to adapt to changes.

[hawkins]

in fact we can not guess the price of bitcoin, whether it's $ 500 or $ 10,000 it is very difficult to guess, and probably most people only rate of increase and decrease in the price of bitcoin in the previous year

[naidray]

If it shouldn't be Bitcoin, the other coin also will have to be an open, global, borderless, censorship resistant, transactional and transnational network.Anything else will have no chance over the long run!

I know, but there are some options.

Right now i still think bitcoin is the one, but some of the alts might actually take over, especially if bitcoin keeps being so slow to adapt to changes.

Altcoins are desperate to take over bitcoins but none of them have managed to even last for 2-3 years or reach the price as BTC. ETH's fate is an example and hence even if the price of BTC reaches $100, it would still be considered better than altcoins and would be the dominating one.

[martinacar]

There is no really truth behind because no one can predict this these days, it can rise to 1000 dollar but it can also rise to a much higher amount.
We cannot predict this at all its a matter of time.

[lister storm]

There is no really truth behind because no one can predict this these days, it can rise to 1000 dollar but it can also rise to a much higher amount.
We cannot predict this at all its a matter of time.

its not just a matter of time, if people wont be interested in bitcoins at all the price might fall not grow, everything depends only on people and world events, nothing else

i think that the truth is that the price might touch a new all time high this year and grow to 10 thousand dollars in an upcoming decade, though thats just my guess to be honest

[el kaka22]

Never believe random users regarding the price nor the news articles. I've learnt my lesson with forex where they predict a low price and I lost my investment worth $250. You can choose to buy or sell but make sure to not hold in the hope that the price may increase as then if it drops, you may lose a lot. Holding can be good if it's done for a month or two.

[safari88]

I just believe that when approaching halving we will see the price is $570-600, I think $10,000 just a dream

[Biodom]

I just believe that when approaching halving we will see the price is $570-600, I think $10,000 just a dream

it is already above 570, today.

Bitcoin rule #21: One shall never predict both an exact price of bitcoin AND a date of such price occurrence.

[PacePay]

Both of these predictions are correct and both of these prices are now achievable by bitcoin,$500 has been achieved now just wait a little more and you will see it at $1000.

[ebookscreator]

The fact is the value of bitcoin is unpredictable so you can not know what is the best value of bitcoin in future..
All opinion here is just a speculation its not sure they are just speculation.. anytime the price will be change because its not a stable as usd..

[bitlancr]

We cannot really say what is gonna happen indeed but I think this year it will rise to about the 1000 dollar not a lot more and not less if you ask me.