1 BTC = 100.000 to 1 million is a possibility in 2035

[Amadues]

Wow!! That was huge.. and if that happens ,i will teach my wife and my kids and soon to be  kids,to start earning bitcoin cause it will take us to a better living..i will teach them in the year 2020  while we are re waiting for that price.

earn money (fiat) or earn money (btc or gold) is the same.  you need to teach what are the advantage of this technology

But In topic again, I think this is a really optimistic prediction and it's seems hard we can see this increase in the value.

[MONKEYJUNK]

There will always be miners that find profit. If some miners leave, then the difficulty goes down and the system self adjusts itself to provide profit for other people. There will always be a clear incentive for some people to keep mining. As the price goes up, the deflation progress will not be a problem.

Actually if too many miners leave during a short period (less than 2 weeks) the network will have a hard time until the adjustment time comes.
Of course, the chance for that is small.
If the price continues to go up, then indeed the miners will stay. At least until the next halving we are safe with the current price range.

Halvings don't make the price go up. Correlation does not mean causation.

Last time the halving coincided with bitcoin being discovered by the mainstream press. And Cyprus happened when they confiscated people's savings in a bail-in for the banks.

There is no big news to bump up bitcoin this time. It's the opposite - Brexit is a victory for the people, it makes Britain safer as EU rules like confiscating people's savings no longer apply.

                   
   
I have the same thought, the halvings don't have a total control of the price.
   
And I doubt the price will have a big up in a long term, maybe a good alt can make the bitcoin price stay low...

If this stands true for the next halvings too, then I fear for Bitcoin's future.
For the last halving there was quite a rise in the price about half a year (I didn't research exactly) before the halving, a rise that allowed miners to cover their costs even after halving.

                                         

Well, maybe less people will mine and the competition will be more easy to earn bitoin from minning, people can mine others coins, it's all about the revenue, and you can exchange the alt for bitcoin after that...

I don't think the halvings will regulate the price in the future...

[lister storm]

There are people saying this is possible but I got my doubts about this to be honest, its nice if it will happen but we do not have to think about this.
Because its a speculations and it can also go down fast so I'm not sure about this at all...

well to be honest i really doubt that right now too and i think those people are just the ones who are believers that there should be a huge pump in price pretty soon the same like was the pump to a current all time high

there are a lot of ways right now why the price could be growing so high in my opinion such as a mass adoption and people holding their coins but we should not forget that it is always possible that thte price will go down too

in my opinion with bitcoin everything is possible and even 100000 dollar price might be achieved in such a big time, though it is still a bit more like a dream for me that might never even happen because there are a lot of other currencies with  huge potential of growing

[milewilda]

Wow!! That was huge.. and if that happens ,i will teach my wife and my kids and soon to be  kids,to start earning bitcoin cause it will take us to a better living..i will teach them in the year 2020  while we are re waiting for that price.

earn money (fiat) or earn money (btc or gold) is the same.  you need to teach what are the advantage of this technology

But In topic again, I think this is a really optimistic prediction and it's seems hard we can see this increase in the value.

I agree with you, earning  money is still the same as earning on bitcoin. As we can see the speculation  i think it wont happen or reach that certain target price which its really too high to consider and if that happens then many of us bitcoin users would definitely  smile on that year because almost of us are already millionaires. IMO

[Babayega31]

Hope to come to that price the bitcoin . But do not think such a high increase his prices because traders brainy increased by only few of the bitcoin is  they sale their bitcoin to have profit . So improbable that even a few years passed maybe up to $ 5,000 so that the bitcoin reach more difficult than such prices have reached that high price .

[btcdevil]

I dont think that this calculation can work out till 2035 because in between this time, their may come so many news which may be good or bad, and their are so many technical issues still to be solved like block size and all , so if at one stage if the solution is needed it not the bitcoin wont be able to move. As per my calculation the price which we can see is nearly $10k which is highly possible.

[iqlimasyadiqa]

I do not believe . it is very large number at all. I like dreaming when I saw this news. hopefully I quickly woke up. 

[zimmah]

Considering that only 21 million people can own 21 BTC, those holding 21 BTC WILL have to be rich.

Only 1 million people can hold 21 BTC.

In practice even less, because there's plenty of lost coins, and it takes quite a while before 21 million coins are mined, and most importantly, there will be a few super-rich who have far more then 21 bitcoin.      

So in practice, only a few 1000 people will have more than 20 bitcoin. Like maybe 100,000 persons or so.    

And yes, those will be extremely rich.      

I don't even think we will need to wait until 2035 for bitcoin to reach these kind of values either. But in 2035 it's pretty much a guarantee that bitcoin will be worth $100,000+ and probably a million or maybe even several millions.

I think you are partly right but its still the question if the bitcoin will reach this year to be honest I really doubt about this, I think something will replace the bitcoin soon or later.
I'm hoping we can become rich with the bitcoin and its pretty sick that its going over 100k but I hope it will happen!

We cannot  guarantee  on that chart that it may possibly happen. 2035 is a long way to go and we dont really know what would happen  in those years but still the idea is somewhat have a point  but some people  do hold more than 21 btc  even thousands. $100k price of bitcoin is  too high  in our speculation but we hope for that price .

you really don't understand the point I was trying to make.    

Just because 1 person holds 10,000 bitcoin doesn't mean bitcoin can't go to $100,000

In fact, it only helps.

Because bitcoin is scarce, and when 1 person holds 10,000 bitcoin, that means 476 other persons can no longer hold 21 bitcoin anymore.

The more people hold on to large amounts of bitcoin, the fewer bitcoins will be available to the rest, so the more expensive they will be.

Your logic that "someone will become a billionaire if bitcoin becomes worth $100,000, so bitcoin can't be worth that much" is completely flawed.

Otherwise you also could have said: "Facebook won't be popular, because otherwise Mark Zuckerburg would become a billionaire."      

You can't say something won't happen because someone would get rich from it, that's completely unrelated.

I do not believe . it is very large number at all. I like dreaming when I saw this news. hopefully I quickly woke up.  

just because it's a large number in your head doesn't mean it's not mathematically sound.

I swear, we need to stop counting in bitcoin and start counting in smaller units, because if you just look at this forum you can easily see people have a very very distorted concept of reality.

As soon as they see big numbers they just don't compute anymore and think bitcoin is in a bubble and that it can't last.

USE FUCKING MATH, DON'T USE YOUR INTUITION BECAUSE YOUR INTUITION IS WRONG. WHAT ARE YOU A WOMAN?

I'm starting to think that halving doesn't do anything to the Bitcoin price even If the supply gets halved (previous July block halving reward is an example).
and you are wrong , It's more like 1 BTC for each person (21 million perso) but that's wrong as well If we take in consideration that there were tons of lost coins out there + 1 million coin that got mined by Satoshi.

it does have an effect, the effect is just not immediate.

it took almost a year for the full effect of the last halving to kick in.

and then there's other factors too.

[mundang]

Only thing i know for sure about your speculation. Thats is too impossible to happen. It will took years,decades or centuries before btc get the price of $10k

[milewilda]

I do not believe . it is very large number at all. I like dreaming when I saw this news. hopefully I quickly woke up. 

Same here,  i really dont believe it at first when  i saw the chart. lol. We are already talking millions of  dollars here which is  actually a dream.  Even bitcoin would  be very successful on upcoming years but still its not possible to reach that huge price point. Even those  who hold  1btc would be  millionaires.

[talks_cheep]

Anything's possible, you developing a second butt hole is possible. Just because something's possible doesn't mean it will be. Bitcoin's price to rise to $1 million in 2035 is a possiblility, but it won't be, simply because too many idiots are expecting it to happen. For it to reach $1 million, the market cap has to be trillions of dollars. It's possible but the possibility is so low as to be impossible.

[mindrust]

It is very possible if,

Bitcoin still exists by then,

If bitcoin doesn't get hacked,

If there won't be a better alternative,

and that's one big IF.

I am afraid of quantum computing and they say it will be be available in 2020's. Imagine what will we have in 2035. I think bitcoin will either destroyed or transformed into something stronger by then.

[Vatimins]

It is very possible if,

Bitcoin still exists by then,

If bitcoin doesn't get hacked,

If there won't be a better alternative,

and that's one big IF.

I am afraid of quantum computing and they say it will be be available in 2020's. Imagine what will we have in 2035. I think bitcoin will either destroyed or transformed into something stronger by then.

There are many big IFs. If the price performance of the bitcoin is the same as in the past, the $1 million could be reached befor 2035.

[zimmah]

Only thing i know for sure about your speculation. Thats is too impossible to happen. It will took years,decades or centuries before btc get the price of $10k

you're wrong, slow adoption is impossible.

either we reached the limit of what bitcoin will ever become, or we will see exponential growth.

there's no middle ground, and there's no such thing as slow growth.







all growth is exponential until it reaches market saturation.

why should bitcoin be any different?

hint: it's not (in fact, if anything, it makes the above charts look like flat landscapes)



Tell me, what does it look like. Slow growth? Guess again.

When bitcoin grows, it grows like anything else, exponentially.

Exponential growth is natural, get used to it.

[Biodom]

people generally underestimate exponential functions.
conservatively, in 2036 we will have 6 more halvings, therefore reward would be 1/32 of today's. Add to it the increased difficulty and , depending on exact numbers, you would need approximately 32X1.81X20=1158X price increase just to maintain network as is. Factor 1.81x comes from just 2% difficulty increase per adjustment period (12 days). 20 is the number of years.

629X1158=728K/bitcoin in 2036

It will be either something like this or network transforms into something else entirely or withers.
So far the price was pretty much at the edge of miners overall profitability (plus/minus), which is what is expected for a commodity. I don't see why this would change, bubbles and busts notwithstanding. therefore, long term prediction like this makes a bit more sense, in my opinion.

EDIT: I have one interesting example of the exponential function...you are in a spaceship that just left Earth orbit. You give an order to start accelerating the ship at just 1g (earth gravity) to make everyone on board comfortable. You have fuel supply (advanced type) that can last for many many years. How long would it take for your ship to reach speed close to the speed of light (c)?
Hint...the answer is quite astonishing if you run the numbers.

[zimmah]

I do not believe . it is very large number at all. I like dreaming when I saw this news. hopefully I quickly woke up.  

Same here,  i really dont believe it at first when  i saw the chart. lol. We are already talking millions of  dollars here which is  actually a dream.  Even bitcoin would  be very successful on upcoming years but still its not possible to reach that huge price point. Even those  who hold  1btc would be  millionaires.

this logic is just stupid.

"oh bitcoin can't be worth a million because too many people would become millionaires just by holding 1 bitcoin"

there's no mathematical reason why they can't be millionaires for holding 1 bitcoin.

People have become millionaires for less. (like winning the lottery, or inheriting it, or from youtube videos).

Saying bitcoin can't be worth a lot because some people might get millionaires is like saying a youtube video can't get a billion views because otherwise the uploader would become a millionaire for just 1 stupid video.

Stop limiting your brain by what you think is not possible, because what you think is not possible is still possible. And your logic wll become horribly flawed if you draw biased conclusion based on your feeling.

look at the FACTS not at your feelings.

And for your info, there's many many millionaires in the world, so even if everyone who holds 1 bitcoin becomes a millionaire, that really wouldn't create a lot more millionaires compared to the amount of millionaires there are on the world already. It wouldn't even double.

Anything's possible, you developing a second butt hole is possible. Just because something's possible doesn't mean it will be. Bitcoin's price to rise to $1 million in 2035 is a possiblility, but it won't be, simply because too many idiots are expecting it to happen. For it to reach $1 million, the market cap has to be trillions of dollars. It's possible but the possibility is so low as to be impossible.

and why is that not possible?

if you add the market cap of google and apple you'd have a trillion dollar market cap.

that's only 2 companies. With a trillion dollars between them.

Don't tell me bitcoin isn't worth more than 2 companies.

people generally underestimate exponential functions.


EDIT: I have one interesting example of the exponential function...you are in a spaceship that just left Earth orbit. You give an order to start accelerating the ship at just 1g (earth gravity) to make everyone on board comfortable. You have fuel supply (advanced type) that can last for many many years. How long would it take for your ship to reach speed close to the speed of light (c)?
Hint...the answer is quite astonishing if you run the numbers.

I believe it's about 0.97 years under Newtonian physics.

Obviously in real life other factors would prevent you from going that fast so easily.

But yeah, good point

[PsursV]

There are people saying this is possible but I got my doubts about this to be honest, its nice if it will happen but we do not have to think about this.
Because its a speculations and it can also go down fast so I'm not sure about this at all...

yes i am also not sure about this. my personal view is that it cannot happen, because suppose bitcoin reached to such a high level as 1000000, then who will trade it, i think most of the users will become unable to trade bitcoin and therefore they will stop using or investing in bitcoin and the price of bitcoin will start down word journey very soon.

[Fakhoury]

Only thing i know for sure about your speculation. Thats is too impossible to happen. It will took years,decades or centuries before btc get the price of $10k

you're wrong, slow adoption is impossible.

either we reached the limit of what bitcoin will ever become, or we will see exponential growth.

Zimmah, I totally agree with you and you know this well (we share the same mentality).

But there is only one thing you got wrong in what you said, now we are in the middle ground because as Satoshi said, we either have zero volume or insanely high volume (check my sig.)

In other words, either we have $0 or $100K,$1M or whatever.

Also, people should read about Gartner Hype cycle and that we still didn't reach the plateau of productivity yet, which means the future is bright as f$ck.

[zimmah]

Only thing i know for sure about your speculation. Thats is too impossible to happen. It will took years,decades or centuries before btc get the price of $10k

you're wrong, slow adoption is impossible.

either we reached the limit of what bitcoin will ever become, or we will see exponential growth.

Zimmah, I totally agree with you and you know this well (we share the same mentality).

But there is only one thing you got wrong in what you said, now we are in the middle ground because as Satoshi said, we either have zero volume or insanely high volume (check my sig.)

In other words, either we have $0 or $100K,$1M or whatever.

Also, people should read about Gartner Hype cycle and that we still didn't reach the plateau of productivity yet, which means the future is bright as f$ck.

Well yes, obviously you can't go from $0 to $1 million with nothing in between, but what i mean is that the dream of many people who think a slow growth is natural or ideal is literally impossible.

It either grows exponentially (and due to that one law of which is can't remember the name from, that states that the value of a network is N^2 where N s the number of users, t's actually and exponential function of an exponential function, as you can also see in the chart), or it doesn't grow at all (and withers and dies).

although there might be time periods where it doesn't grow because it lacks traction, but as long as growth picks up again later that's fine, and perfectly natural.

[Fakhoury]

Only thing i know for sure about your speculation. Thats is too impossible to happen. It will took years,decades or centuries before btc get the price of $10k

you're wrong, slow adoption is impossible.

either we reached the limit of what bitcoin will ever become, or we will see exponential growth.

Zimmah, I totally agree with you and you know this well (we share the same mentality).

But there is only one thing you got wrong in what you said, now we are in the middle ground because as Satoshi said, we either have zero volume or insanely high volume (check my sig.)

In other words, either we have $0 or $100K,$1M or whatever.

Also, people should read about Gartner Hype cycle and that we still didn't reach the plateau of productivity yet, which means the future is bright as f$ck.

Well yes, obviously you can't go from $0 to $1 million with nothing in between, but what i mean is that the dream of many people who think a slow growth is natural or ideal is literally impossible.

It either grows exponentially (and due to that one law of which is can't remember the name from, that states that the value of a network is N^2 where N s the number of users, t's actually and exponential function of an exponential function, as you can also see in the chart), or it doesn't grow at all (and withers and dies).

although there might be time periods where it doesn't grow because it lacks traction, but as long as growth picks up again later that's fine, and perfectly natural.

I agree with you and you beat me in Math tbh.

People who are short sighted will really lose hard. period.