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Author Topic: what will bitcoin be worth in 5 years {2020} ?  (Read 10834 times)
Obito
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July 23, 2017, 06:41:48 AM
 #41

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.
Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.
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shashko
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July 23, 2017, 08:09:59 AM
 #42

I hope it will hit 5k$ because a lot of countries are joining the Cryptocurrency and investing in it

jk_14
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July 23, 2017, 08:16:03 AM
 #43

If Bitcoin becomes a kind of digital gold, not for small transactions, but as storage of value, the price can reach as high as $ 10,000 or more.

Bitcoiners don't want to admit it, but it's primary use has been exactly that for years now. No one is out there buying hundreds of thousands of $$$ in bitcoin just so they can have unlimited number of coffee purchases in the future.

It wouldn't even matter if transaction fees came back down to $0. People still won't be buying coffees and croissants with bitcoin. Too much work, easier to use fiat debit cards, esp. when the fiat purchasing value is falling virtually every day. Why would I want to waste my bitcoin on a cup of coffee when I have fiat?

Again, the community can be ridiculously disingenuous to what is actually happening with Bitcoin now and in the future.
If fees come down and cards like Tenx or Monaco pop off, then yes, people will very well be paying everything with Bitcoin. In fact, I will be making all of my next travel expenses via those cards since it's easier than loading up a prepaid fiat credit card in my country, where regular credit cards are never really used.
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July 23, 2017, 08:21:44 AM
 #44

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.
Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.

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jk_14
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July 23, 2017, 08:26:20 AM
 #45

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.
Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.
Don't forget to invest in a Trezor or something similar. There are so many people who have lost access to their coins due to a lack of foresight regarding security and storage. Those people are also contributing to an increase in price, since they lower the amount of Bitcoins in circulation. Tongue
ekoice
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July 23, 2017, 12:40:32 PM
 #46

By 2020,bitcoin price may cross $5000.The main reason for it would be most countries would have legalized bitcoins by that time and mass adoption of bitcoins would take place in the upcoming years.We might be able to buy products in most of online stores and offline stores as well by that time with bitcoins.Considerable volume of people would have changed from investing in gold to bitcoins by that time.
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July 23, 2017, 01:21:19 PM
 #47

You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.
JohnBitCo
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July 24, 2017, 04:53:06 PM
 #48

You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.

So near the end the price is going to jump even higher, right after the end of the supply is going to jump even higher and probably have a good hard rise after that for at least a year at that point the novelty may have worn off and you might actually see some plateauing.
Reid
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July 24, 2017, 05:07:21 PM
 #49

$500 increase is enough for me.
Maybe a 4k dollars will be a good number quesions from the UN or strong countries who wants to take it down.
A silent and slow increase will not be seen much.
I do want the moon but we have to be realistic and take the slower route to avoid being deleted in the face of the earth.
reflector
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July 24, 2017, 05:27:16 PM
 #50

You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.

I do not know which will be higher in cost or fame wise. I wish bitcoin to be 10000$ in 2020 and want all the people should about bitcoin and its potential to rid off from my Government's unwanted taxes by corrupted people.
If Eth has been increased than bitcoin we cannot our coins anonymously, All has been recordered by the corporates who owns ETHs copyrights.
Pfizer
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July 24, 2017, 05:35:41 PM
 #51

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.
Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.
Don't forget to invest in a Trezor or something similar. There are so many people who have lost access to their coins due to a lack of foresight regarding security and storage. Those people are also contributing to an increase in price, since they lower the amount of Bitcoins in circulation. Tongue

After sewit and bip91 preparations, I changed my mind and I started to expect over $15.000 for bitcoin price by 2020. The reason is we also have block decline in 2020.
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