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rjclarke2000
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May 16, 2017, 08:59:14 PM
 #81

In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.

In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.

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May 16, 2017, 09:04:44 PM
 #82

Not realistic at all. Do you even know how much money has to flood into the btc market for $1million bitcoin? It's impossible.

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May 16, 2017, 09:17:07 PM
 #83

I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.

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May 16, 2017, 10:19:22 PM
 #84

I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.
If many people are supporting bitcoin maybe 1m prediction can be reach in the future,. it will be still depends in the development about bitcoin..
If more country that bitcoin will be legalized the same as japan country maybe we can see a large improvement of the price of bitcoin..
Since we already have a price cheap before and touch at $1k fast last 2013 and now are touch back to $1k value and stay hoping these coming months that we can see the price of bitcoin can be touch at $2k value supporters for bitcoin are increasing day by day so this prediction can be possible..

Block halving is coming.,,
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May 16, 2017, 11:02:58 PM
 #85

I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.
If many people are supporting bitcoin maybe 1m prediction can be reach in the future,. it will be still depends in the development about bitcoin..
If more country that bitcoin will be legalized the same as japan country maybe we can see a large improvement of the price of bitcoin..
Since we already have a price cheap before and touch at $1k fast last 2013 and now are touch back to $1k value and stay hoping these coming months that we can see the price of bitcoin can be touch at $2k value supporters for bitcoin are increasing day by day so this prediction can be possible..

1m$ per btc will just a legend or just a dream prediction since i believe majority of people can taKe to hold for more longer and I think their are some sort of people would love to see some pump and dump scheme so 1m$ predicted price is pretty unreachable at the moment.

Maybe many decades will pass for it before it will reach to that one but the question is are we still alive at that moment to witness that big breakthrough on it?  Grin.
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May 17, 2017, 07:47:35 AM
Last edit: May 22, 2017, 03:57:39 PM by Raize
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 #86

I'm still leaning towards my $10k towards the end of this year or early next year (after which it will fall) and then sometime around 2020 I expect it to have passed $40k (actually expect it much higher but I'm trying to make reasonable predictions here).

You guys seriously need to look into commodities and fractals. I would recommend reading "The Misbehavior of Markets: A Fractal View of Financial Turbulence" by Mandelbrot. Then, drop any notion of modern finance you know because you can't model risk, the 1987 stock market crash was just under 21 standard deviations away from the norm and it affected everything. The stock market is a gamble and the next time a 1987 event occurs, there's two guarantees: we're not going to have the same US president, and people are going to invest in something other than the stock market and traditional financial vehicles for a very long while.

Unlike in 1987, there's nothing today to be optimistic about.

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May 17, 2017, 07:51:31 AM
 #87

Very realistic.

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May 17, 2017, 04:18:24 PM
 #88

I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar.  By then the dollar will no longer hold much value. I think this is the more realistic scenario.
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May 17, 2017, 04:30:51 PM
 #89

I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar.  By then the dollar will no longer hold much value. I think this is the more realistic scenario.

You've been watching too many movies. If Bitcoin at some point forms a serious danger to the economy from the view of the governments, they will take all necessary steps to prevent it from going that far. Do you seriously think that governments will let it come that far? Also -- value is one thing, actual usage throughout the world is completely different. Bitcoin is like gold, but then with more features, and a far better form of usability. If its price goes up madly, then not much will change in terms of fiat currencies. Everything will remain exactly the same.
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May 17, 2017, 04:36:04 PM
 #90

That will never happent because you must count market volume for that.Like example if you count that 50% of world population is using bitcoin it still cant go to that volume because of market volume so it is impossible.
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May 17, 2017, 05:17:55 PM
 #91

I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar.  By then the dollar will no longer hold much value. I think this is the more realistic scenario.

You've been watching too many movies. If Bitcoin at some point forms a serious danger to the economy from the view of the governments, they will take all necessary steps to prevent it from going that far. Do you seriously think that governments will let it come that far? Also -- value is one thing, actual usage throughout the world is completely different. Bitcoin is like gold, but then with more features, and a far better form of usability. If its price goes up madly, then not much will change in terms of fiat currencies. Everything will remain exactly the same.

I actually very much agree with you. My point was, in a roundabout way, that bitcoin reaching $1million dollars is very unlikely within our life time due to the same reasons you stated above.
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May 17, 2017, 09:05:31 PM
 #92

Absolutely BTC will hit a million $$$ (what we call a dollar today which will be different 5 years from now)... it is a deflationary store of wealth ... when the stock, bond, and real estate bubbles pop in the next year it will be silver, gold, and bitcoin mainly. .. no one will go back to fiat based debt currency and bitcoin is one of the sure thing cryptos ... i expect ETH and VERI (Veritaseum Veritas) to go to a million $$$ as well (unless ETH actually blends with VERI in a few years)
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May 17, 2017, 09:34:31 PM
 #93

In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.

In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.

Any reason why you said it?  Any supporting details why bitcoin will reach this amounts in this certain time?  Or this is just a wild guess.  Oh well 10 years is too long to remember what you said here, what more is that 15 years.  Though I believe Bitcoin will break $2000 this year.



$1M  bitcoin is unrealistic.
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May 18, 2017, 12:43:39 AM
 #94

Is it a wild guess or what? Any reason why you come up with that thoughts? But, if people will accept and engaged cryptocurrency world, yes maybe it's more realistic that Bitcoin can reach that 1 million. Although, many people knew it already it's a stepping stone for cryptocurrency world and it's not that impossible.
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May 18, 2017, 08:30:25 PM
 #95

Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.
Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.
Well yeah the Japanese acceptance of the Bitcoin has played a very positive roll on the price of the Bitcoin. The recent increase in the Bitcoin was due to the main reason of the Japanese acceptance. If more countries like Japan legalized the Bitcoin no doubt it will reach a very high price I am not sure about the Price of $1M but it really will rise high.
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May 18, 2017, 08:33:03 PM
 #96

Save for anything catastrophic happening (like, North Korea), I think it is possible. I just find it unlikely to happen within this next couple of years. It's around $1,700 and I'm not even optimistic that it would double by the end of the year. True, Australia and Japan has just announced they recognize bitcoin but I don't know if that would be enough to ramp up the demand to the point that it'll be doubling or tripling within the year.
Well sometimes people become more excited about the price increase of the Bitcoin and they pass such statements that the prices are going to double or triple. I was personally expecting the price to reach to $3000 till the end of this year as looking at the price increase in the previous two months but by looking at yesterday’s prices it seems not to be going to that place.
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May 18, 2017, 09:57:54 PM
 #97

Is it a wild guess or what? Any reason why you come up with that thoughts? But, if people will accept and engaged cryptocurrency world, yes maybe it's more realistic that Bitcoin can reach that 1 million. Although, many people knew it already it's a stepping stone for cryptocurrency world and it's not that impossible.

It is not realistic that bitcoin will be priced 1 million dollar a piece for the reason that, there is not enough adoption for that.  And there will always be a competition though out the crypto world.  Just do not think adoption but always think the factors that pulls bitcoin price down.
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May 19, 2017, 02:50:58 PM
 #98

I've seen a lot of hype around certain people predicting Bitcoin will be valued at $500,000.00 to $1,000,000.00 in the future. If Bitcoin reached $1M, that would mean 1 Satoshi would be equivalent to 10 cents USD, which could raise some issues for rounding with smaller transactions if Bitcoin gets a much wider use in the future, which could open up a whole new bucket of confusion with scaling. Would Bitcoin start being divided even more? Such as with fractions of a Satoshi?

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

So what do you guys think is a realistic "best case scenario" value for Bitcoin in the future? $10,000? $100,000?


I think $10,000 is more realistic than $100,000. Not even $1million. I know people will argue that some years ago noone imagined that one Bitcoin will as much as ever worth $1000. But today, here we are with the price of Bitcoin almost $2,000 per coin.

However, the idea of $1million per Bitcoin looks unrealistic because many altcoins are springing up on daily basis and are improving on their technology and are giving Bitcoin enough competition.

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May 19, 2017, 06:19:09 PM
 #99

I would say that it’s pretty realistic. The amount of people that are holding more than one Bitcoin is not that much so it’s pretty straight forward to see that if more people held their Bitcoin then the price of it would go up exponentially. $1,000,000 per Bitcoin is not that much money when only 21 million people are allowed to get a million each.

 
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May 19, 2017, 06:25:40 PM
 #100

A miliDatoshi or something fould be added if it were to happen, vut it is not going to happen. Those predictions are just wishes and hopes. We are struggling every time we get close to a milestone which is 1 or 2 thousand $ , so how do you expect to get to 1 million $.
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