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Author Topic: how much is the potential value of bitcoin by the year 2021?  (Read 844 times)
magneto
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August 16, 2017, 06:49:49 AM
 #21

Is it posible that bitcoin will reach $100,000/bitcoin in 2021? thinking there are 7 billion people worldwide and the cap for BTC is 21 MILLION.

I don't think it's likely.

If fiat suddenly became worthless over the next 4 years then yeah, $100k would be definitely possible. But meaningless at the same time because there would be no point of measuring bitcoin's value in fiat anymore. It's simply not "real" value.

But most likely fiat isn't going to become worthless just in 4 years, or at least the main fiat currencies. Even with the crazy rises that we've experienced this year we're only up 10x. To have a 20x rise would be completely out of this world. There's just no way that it's going to happen.

During a hype period everybody is throwing around big numbers.

The fact is that bitcoin has a great potential, but to utilize it it doesn't have to go to those insane numbers. We all want it though ofcourse.

I'm thinking a bear market will start again after hitting 10k or so. dropping as low as 2-3k again.

Completely agreed. Bearish market conditions = people panicking and saying that bitcoin has no future.  Bullish = people saying bitcoin is going to go to 1 million soon. The truth is usually found in between.

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Casabrandy
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August 16, 2017, 07:10:08 AM
 #22

You know what. Every time one of these threads get created, I'm going to say the same annoying thing that posters reply with on other forums.

****USE THE SUB FORUM SEARCH FUNCTION.****

****YOU WILL FIND 1,945,567,789,295,966,858,504 THREADS ALREADY CREATED THAT ARE EXACTLY LIKE THIS ONE. CONGRATULATIONS, YOU JUST ADDED ANOTHER USELESS ONE TO THE PILE.****


There are also 1,255,455,445 post on the topic like  this on this forum, Congratulations too for adding some shit post on this shit thread.  Grin
Just let the speculation roll, it helps the hype of bitcoin price, Without them, Bitcoin price is boring and price discussion even redundant is fun.

timerland
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August 16, 2017, 07:34:16 AM
 #23

Is it posible that bitcoin will reach $100,000/bitcoin in 2021? thinking there are 7 billion people worldwide and the cap for BTC is 21 MILLION.

Much is still unknown about how markets are going to go even in a week, let alone in 5 years.

It very much depends on how things go regarding scaling in the next few months/years. If it goes well then we could well be on our way to reaching $10k per coin by the end of 2020, when another halving hits and prices will probably going to rise alongside the halving.

Potential? As you said, there are 7 billion people in this world and 21 million bitcoins that can ever exist. So each person on average can own 0.003 BTC max. But this is only IF every single person on earth decides to adopt bitcoin.

Potential and probable outcome are two very different things.

DreamweaverVCC
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August 16, 2017, 07:37:10 AM
 #24

Stop asking these kind of questions, no one knows what will happen in the future.

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