The price of Bitcoin in 2020

[w@p]

Which scenario from the chart below is most likely to play out in the future? What do you think?
I will periodically update the chart to reflect the BTC price movements.

(somehow I cannot get the image to display in the topic itself, any tips?)

https://i.imgur.com/dIrc7xR.jpg

[panju1]

Which scenario from the chart below is most likely to play out in the future? What do you think?
I will periodically update the chart to reflect the BTC price movements.

(somehow I cannot get the image to display in the topic itself, any tips?)

The reason the image is not displayed is because you are a newbie.
You should be able to see it in my reply.
People are unable to predict BTC's price in the current year. 2020 is a long way away.  

[pinosi]

It means in 2018 btc will go up to $8000?

[cpfreeplz]

Either C or D seems the most realistic. The problem is if an exchange gets hacked the main stream media will say bitcoin banks got hacked and all of the dumb sheep who don't understand bitcoins will sell them asap. More and more dumb people are investing now so expect to swings to be even bigger than in the past.

[SHAWN-MIDWAYS]

scenario E through to G are what we should expect should we continue to experience slow transaction speeds irrespective of the fees paid..

and we should expect a better picture with regard of which ever fork is adopted to make transactions more faster and we are guaranteed an off the chart price tag  i.e  scenario D through to the moon and above

[PokerFace3]

Either C or D seems the most realistic. The problem is if an exchange gets hacked the main stream media will say bitcoin banks got hacked and all of the dumb sheep who don't understand bitcoins will sell them asap. More and more dumb people are investing now so expect to swings to be even bigger than in the past.

Why not scenario A ? You are just talking with respect to mtgox collapse, but you need to take consideration of contribution of mtgox at its time and how many exchanges we are having right now. When the  one and only exchange found problems, it is obvious bitcoiners got panic and withdrawn their investments but in recent problems with bitfinex and regulations in cheese exchanges did not make big impacts into bitcoin prices.

I guess any negative news will not impact big when bitcoin will be having alternative solutions for everything. I mean including scalabilty issue so $10k+ by 2020 is inevitable.

[Taki]

Scenario A is too optimistic and generally unreal for bitcoin by my opinion. To bitcoin fly to the moon in 2018 is something impossible. I'm more for variant B, it seems to me more logical.

[Denker]

Which scenario from the chart below is most likely to play out in the future? What do you think?
I will periodically update the chart to reflect the BTC price movements.

(somehow I cannot get the image to display in the topic itself, any tips?)

2020 a few months after halving a price of $5k to $10k may be possible. $5k maybe also a bit earlier. I see Bitcoin still as undervalued at the moment. And with SegWit hopfully getting activated somewhere next year at the latest, this just alone could result in a huge upwards push.
However it's still a long way to go. And 3 years in Bitcoin is definitely a time where a lot of stuff can happen.
In good and bad!
Cross fingers and hope for the best!

[Skjöld]

I think we are in the scenario D. It is for me what has the greatest correlation with current and past trends. It is for me reasonable blend of optimism and realism. Scenario E might be a true possibility too.

[w@p]

There is a fair chance that scenario D might play out with an intermediate top at $2300, a pullback in 2018 and a continuation of the bull market in 2019.
If Bitcoin takes this trajectory, this will force a lot of weak hands out of the market. I'm hoping for scenario B though.

[w@p]

The scenarios are based on studying historical charts and doing some TA.
Disclaimer: I do not trade professionally and I have little experience in technical analysis.

Scenario A is Bitcoin FOMO on a global scale with accelerated adoption by retail, e-commerce and financial institutions.
A declining stockmarket would add extra fuel to the fire.

Scenario B is a 1:1 copy of the last bull run that started in the summer of 2013.
Basically this comes down to ±6x the previous top: $210 > $1200 > $7200.

Scenario C is based on steadily declining multipliers for the tops.
top $30 > top $210 = x7
top $210 > top $1200 = x6
top $1200 > top $5500 - $6000 = x5

Scenario D is based on a declining base to top multiplier  (multiplier x0.666)
2011 spring base $1 > 2013 summer top $30 = x30
2012 fall base $10 > 2013 spring top $200 = x20
2013 summer base $100 > 2013 december top $1200 = x12
2015 summer base $250 > 2017 fall top $2000 - $2300 =x8

Scenario E is a consolidation fase with a retest of the psychological $1000 level. This level will now function as support.

Scenario F is Scenario C but with a lower top and consolidation at the $2000 level.

Scenario G and H are based on a future where Bitcoin will no longer be the dominant cryptocurrency. In this scenario Bitcoin will be surpassed by competitors or successors with better technology and/or it will fail to provide a solid solution for the scaling issues and long confirmation times.  

[lionheart78]

I think the scenario A where people will have FOMO on a global scale might happen when every country start to accept Bitcoin as money and give it a boost by removing consumption tax as what Japan did.  This will give Bitcoin a great price surge making the price of Bitcoin to have exponential increase.  After this stuff a correction will happen.  Once the global adoption of Bitcoin is achieved, people will not dump their holdings to reap more reward when full saturation is achieved.

[Kemarit]

Which scenario from the chart below is most likely to play out in the future? What do you think?
I will periodically update the chart to reflect the BTC price movements.

(somehow I cannot get the image to display in the topic itself, any tips?)

2020 a few months after halving a price of $5k to $10k may be possible. $5k maybe also a bit earlier. I see Bitcoin still as undervalued at the moment. And with SegWit hopfully getting activated somewhere next year at the latest, this just alone could result in a huge upwards push.
However it's still a long way to go. And 3 years in Bitcoin is definitely a time where a lot of stuff can happen.
In good and bad!
Cross fingers and hope for the best!

This is also my take here. Remember, the next halving of rewards for one block is scheduled in 2020. So it means that that bitcoin will be scarce as ever, and the demand by the general public will be high but since there is a halving their will be limited supply causing the price to new horizon. So I positive that the price could be somewhere around $5000 or more because of the above reasons. And as the network continues to grow and solidify, it becomes clear that even an event as jarring as halving can only reassert bitcoin’s continued existence.

[pooya87]

your scenario A and Scenario B are the closest one to what can happen in 4 years. there is a lot of adoption and hype going on with bitcoin and there is a lot more to come. and i am talking about real merchant adoptions not just more speculators buying in.

i just made a new topic about Japan and bitcoin adoption, and how that will soon affect the price. with all their tourism and Olympics coming.
https://bitcointalk.org/index.php?topic=1906607.0

[BitcoinerXX]

there's a good chance we'll see 5k+ some time in the next 18months.

[ArdiPrabowo]

It means in 2018 btc will go up to $8000?

I think not reasonable if bitcoin price in 2018 incraese to 8000 dollar
my prediction maximum incraese in 2018 2000 - 3000 dollar, or still range price 1500 - 2000 dollar

[n0ne]

It means in 2018 btc will go up to $8000?

I think not reasonable if bitcoin price in 2018 incraese to 8000 dollar
my prediction maximum incraese in 2018 2000 - 3000 dollar, or still range price 1500 - 2000 dollar

As the price increase is quite high ns growing on at certain time interval sure we will reach at least $5000. The reason is that by 2020 one among the popular event bitcoin halving is gonna take place. So sure can get a good profit on holding long.

[nachius]

My guess is $2,100-$2,500. I don't have anything to really back it up, it's simply what I think the odds are leaning towards in the next couple of years.

[Slow death]

Which scenario from the chart below is most likely to play out in the future? What do you think?
I will periodically update the chart to reflect the BTC price movements.

(somehow I cannot get the image to display in the topic itself, any tips?)

I prefer the scenario D, more moderate and I find it more realistic

there's a good chance we'll see 5k+ some time in the next 18months.

If this is possible it will be very good

[ViceOfBTC21]

I think of scenario C because of new users of Bitcoin and block halving. A and B are completely unrealistic and D and lower will be if Ethereum outsmart Bitcoin.