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Author Topic: What price do you think bitcoin will reach by 2020?  (Read 4352 times)
Pamoldar
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August 31, 2017, 09:54:32 AM
 #21

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
Hundred thousand within 3years is a little Overzealous and seeing that bitcoin prices usually increase by $2000- $3000 per year I would expect to see it rise to something between $12000 and $20000....but should demand be overwhelming we could see it trade higher than 20 grand.

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thecodebear
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August 31, 2017, 10:25:59 AM
 #22

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!

$100,000 isn't going to happen unless bitcoin suddenly goes mainstream, and by mainstream i mean everyone knows it and at least half the world is actively using bitcoin to transact. Bitcoin will eventually hit $100k, but 3 years isn't enough.

These sort of things are impossible to predict but i think around $7,000 would be a fair estimate, looking at how things are going right now. Market is extremely bullish right now, i think that between 2018-2020 we'll see a couple of pretty major adjustments and 2020 will bring the price up once again to a new ATH.

I think the primary reason why you even think that btc is going to reach that high is because btc is growing at an exponential rate right now. FYI, this does not happen normally and you'll see when a bearish market comes by.


You do realize that bitcoin has been growing at an exponential rate its entire life right?? I has an average doubling rate of 8 months. If that continues bitcoin will be almost $150k by the end of 2020. I'm not saying it will be that high, but your prediction of $7000 for 2020 will very possibly be passed by the end of this year. Also $100k would not even be close to half the world is actively using it, more like 5% of the world, which is do-able by then.


Between 50 and 150k.

Exactly. $150k is the absolutely limit I'd say for 2020, as I stated above, if it keeps its average rate of appreciation until the end of 2020 it'll be just under $150k. I expect bitcoin to pass $50k in 2020 so that is my lowest estimate. I think it'll likely end up hitting $60k-75k in 2020.
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August 31, 2017, 11:02:32 AM
 #23

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!

$100,000 isn't going to happen unless bitcoin suddenly goes mainstream, and by mainstream i mean everyone knows it and at least half the world is actively using bitcoin to transact. Bitcoin will eventually hit $100k, but 3 years isn't enough.

These sort of things are impossible to predict but i think around $7,000 would be a fair estimate, looking at how things are going right now. Market is extremely bullish right now, i think that between 2018-2020 we'll see a couple of pretty major adjustments and 2020 will bring the price up once again to a new ATH.

I think the primary reason why you even think that btc is going to reach that high is because btc is growing at an exponential rate right now. FYI, this does not happen normally and you'll see when a bearish market comes by.


You do realize that bitcoin has been growing at an exponential rate its entire life right?? I has an average doubling rate of 8 months. If that continues bitcoin will be almost $150k by the end of 2020. I'm not saying it will be that high, but your prediction of $7000 for 2020 will very possibly be passed by the end of this year. Also $100k would not even be close to half the world is actively using it, more like 5% of the world, which is do-able by then.


Between 50 and 150k.

Exactly. $150k is the absolutely limit I'd say for 2020, as I stated above, if it keeps its average rate of appreciation until the end of 2020 it'll be just under $150k. I expect bitcoin to pass $50k in 2020 so that is my lowest estimate. I think it'll likely end up hitting $60k-75k in 2020.

If we look at history, you will see that bitcoin usually is extremely quiet after halvings occur. Sure, it has a doubling rate of 8 months, but this growth is concentrated on times that are near the halving block, +- 1 year.

We could well hit $7k this year, but it doesn't mean that bitcoin can't crash down to $2-3k and have to go onto rebuild mode after that. This is what i think will happen, anyways. If the timeframe was extended by 1 more year i'd say $15k is entirely possible, this is because usually pumps happen around 6 months to 1 year after the halving, not directly at the halving.

What makes you think that bitcoin will hit $50k MINIMUM in 3 years time anyways?

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August 31, 2017, 11:09:10 AM
 #24

I dont have doubts in the potential of bitcoin but my wild guess is Bitcoin will reach 50k to 100k in 2020. Just do a math. Just try to imagine BTC is 1000usd only last January 1, 2017 , and now its heading 5k already.

2017: 1k usd to 5k usd
2018: 5k to 25k
2019: 25k to 80k
2020: 80k to 100k plus


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thecodebear
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August 31, 2017, 12:32:25 PM
 #25

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!

$100,000 isn't going to happen unless bitcoin suddenly goes mainstream, and by mainstream i mean everyone knows it and at least half the world is actively using bitcoin to transact. Bitcoin will eventually hit $100k, but 3 years isn't enough.

These sort of things are impossible to predict but i think around $7,000 would be a fair estimate, looking at how things are going right now. Market is extremely bullish right now, i think that between 2018-2020 we'll see a couple of pretty major adjustments and 2020 will bring the price up once again to a new ATH.

I think the primary reason why you even think that btc is going to reach that high is because btc is growing at an exponential rate right now. FYI, this does not happen normally and you'll see when a bearish market comes by.


You do realize that bitcoin has been growing at an exponential rate its entire life right?? I has an average doubling rate of 8 months. If that continues bitcoin will be almost $150k by the end of 2020. I'm not saying it will be that high, but your prediction of $7000 for 2020 will very possibly be passed by the end of this year. Also $100k would not even be close to half the world is actively using it, more like 5% of the world, which is do-able by then.


Between 50 and 150k.

Exactly. $150k is the absolutely limit I'd say for 2020, as I stated above, if it keeps its average rate of appreciation until the end of 2020 it'll be just under $150k. I expect bitcoin to pass $50k in 2020 so that is my lowest estimate. I think it'll likely end up hitting $60k-75k in 2020.

If we look at history, you will see that bitcoin usually is extremely quiet after halvings occur. Sure, it has a doubling rate of 8 months, but this growth is concentrated on times that are near the halving block, +- 1 year.

We could well hit $7k this year, but it doesn't mean that bitcoin can't crash down to $2-3k and have to go onto rebuild mode after that. This is what i think will happen, anyways. If the timeframe was extended by 1 more year i'd say $15k is entirely possible, this is because usually pumps happen around 6 months to 1 year after the halving, not directly at the halving.

What makes you think that bitcoin will hit $50k MINIMUM in 3 years time anyways?

Sure it will crash, it crashes all the time, and then soon after breaks new all time highs and continues its exponential growth. I think you and some other people are basing your ideas off the Chinese manipulated bubble plus Mt. Gox crash which led to a 2 year downtime. In the past bitcoin has boom and bust/consolidate cycles every six months or so. Mt Gox crash badly hurt bitcoin so that one lasted two years. That is very unlikely to happen again as we are starting to head towards mainstream acceptance now. I mean the last boom/bust cycle was only 4 months from April through July, and in August bitcoin started another boom.

That's what happens with something that is growing exponentially - it goes way up and then people get scared and it pulls back some, when the price stabilizes they realize its time to get in again and another boom occurs, but now that it is just starting to barely touch the mainstream there is going to be constant buy pressure so the cycle is getting shorter.

Why do I think it'll be minimum $50k in 3 years?
That's easy, we are on the cusp of getting mainstream adoption. 2017 was the start - in 8 months bitcoin has gone up about 4.7x and by end of year it could very well be 6x or 7x this year of sustained and stabilized growth. Over the next couple of years I'm fully confident investment firms will start letting people invest in bitcoin through them, which means bitcoin will be seen as a normal (albeit small) part of the middle class portfolio. As this occurs the market cap will get big enough for bigger and bigger fish to get in without affecting the market too much, and so they will jump in. As adoption increases, usage as an actual currency will increase. Probably a few more countries will legalize bitcoin as a currency, many more merchants will take bitcoin - the big one being Amazon, pretty sure this will happen within three years. A bit of the gold market and stock market will move over to bitcoin. Plus the 2020 halving will drive it up a bit further, also the Olympics in Japan that year might also drive it up further by providing a lot of coverage on people spending bitcoin at the Olympics.

All this means $50k minimum in 2020. I'd be pretty shocked if it is only at $50k by the end of 2020.

If bitcoin hits $6000 end of this year, and all it does is double the next three years, that's $48k in 2020. And that is pretty much the most conservative estimate I could possibly think of assuming no great tragedy befalls bitcoin.
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August 31, 2017, 12:37:09 PM
 #26

It's extremely difficulty to predict the future and in the end you will never know it for 100%. 100K is possible but assuming by that time a big worldwide financial crash has occured. There's no way bitcoin will reach 100K to 1000000 with the current value of the dollar today.
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August 31, 2017, 01:03:34 PM
 #27

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!

If bitcoin can grow steadily and continue to exist until 2020, I think it will be in a totally different value from the present, and that value never exceeds the limits of nations. I think $ 20000 is a reasonable value.
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August 31, 2017, 01:24:04 PM
 #28

this year i have to says is the best year for bitcoin because bitcoin price rapidly increase from under $2000 and the current price already surpassing $4000 even more likely possible to reach at $5000 but on 2020 even still 4 years to go but $100k is impossible to me even probably the price still at range $20k or maybe less

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August 31, 2017, 02:51:48 PM
 #29

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!

If bitcoin can grow steadily and continue to exist until 2020, I think it will be in a totally different value from the present, and that value never exceeds the limits of nations. I think $ 20000 is a reasonable value.
Bitcoin price increase is happening in a better way. In a single year (the present year) the price has increased more than $3500. Looking it and making a calculation based on the same it's really a big price that's gonna reach by the year 2020. Also the halving is expected to happen by that year, which makes it to reach big as $20k or more.

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Gaff
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August 31, 2017, 04:19:55 PM
 #30

this year i have to says is the best year for bitcoin because bitcoin price rapidly increase from under $2000 and the current price already surpassing $4000 even more likely possible to reach at $5000 but on 2020 even still 4 years to go but $100k is impossible to me even probably the price still at range $20k or maybe less

I'd definitely believe on what you've mentioned above because that makes bitcoin unique in cryptocurrency world. I guess that's already your expertise in updating bitcoin's status for years and I believe in your instinct and by the way bitcoin is now gathering higher percentage from a bank that they supported and I could see how they transformed it into a bigger company now. They even got awarded because they are now known bank. That proves to bitcoin as a good benefactor and supportive at the same time. To think of its price by 2020 it's a probable case if it bloats to a 100 thousand dollars.
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May 25, 2018, 09:26:42 PM
 #31

When you are watching and observe the difference between the Value and Technology and the Great Demand of bitcoin and especially the market capitalization and one more thing is if you are watching ICOs are promoting eth than there are a lot of Brands are accepting bitcoin than you can clear the difference between bitcoin and eth demand in future and it will be a great in 2020 the price will very great success,

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May 25, 2018, 09:37:41 PM
 #32

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
I don't think that bitcoin will reach $100k by 2020 because there are just so many manipulators who want to cash out whenever they had the chance. As you can see bitcoin now is having a hard time reaching $10K value and i tend to believe that this is because whales are manipulating the price.
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May 26, 2018, 04:35:05 AM
 #33

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
No one can exactly what is going to happen in the future but $100K by 2020 is not realistic. There too many manipulators in the crypto world and i doubt that it gonna pump to that value.

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May 26, 2018, 04:45:12 AM
 #34

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
No one can exactly what is going to happen in the future but $100K by 2020 is not realistic. There too many manipulators in the crypto world and i doubt that it gonna pump to that value.
I think this price gorwth is possible because bitcoin is making huge price gorwth every year so if it continues in the coming year then it will be possible but now countries are trying to regulate the crypto currencies which may affect the price growth but when people adopt to the crypto currencybsystem the price growth will be unstoppable.

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May 26, 2018, 05:57:38 PM
 #35

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
I don't think that bitcoin will reach $100k by 2020 because there are just so many manipulators who want to cash out whenever they had the chance. As you can see bitcoin now is having a hard time reaching $10K value and i tend to believe that this is because whales are manipulating the price.
2020 is still about 2 years from here and that is a huge number of days ahead of us to know what could be a possibility or what could not. I am sure by then, there could have been a possibility where the market is probably have gotten huge than what it is today and recovered from the current downtrend, and we all know how recovery can be like in a matter of time. However, it is 2020 and I believe only time can prove us in any way we think, but realistically, I do not think it is possible as well, but we all know sometimes, being realistic has not come through in most situations in this market.
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May 26, 2018, 06:13:55 PM
 #36

Bitcoin price looks uncertain for now, but if all things remain as it is then by 2020 bitcoin can reach about 35000 to 50000 USD price range. But if negative news keep affecting it and traders loose confidence in it ,then it can be trading at less than 10,000 usd in 2020, as we see now.

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May 27, 2018, 09:52:07 AM
 #37

by this year I would have waited for the price of 20k-25k given all the ups and downs it will be normal if it reaches this price

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May 27, 2018, 12:51:39 PM
 #38

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
I don't think that bitcoin will reach $100k by 2020 because there are just so many manipulators who want to cash out whenever they had the chance. As you can see bitcoin now is having a hard time reaching $10K value and i tend to believe that this is because whales are manipulating the price.
2020 is still about 2 years from here and that is a huge number of days ahead of us to know what could be a possibility or what could not. I am sure by then, there could have been a possibility where the market is probably have gotten huge than what it is today and recovered from the current downtrend, and we all know how recovery can be like in a matter of time. However, it is 2020 and I believe only time can prove us in any way we think, but realistically, I do not think it is possible as well, but we all know sometimes, being realistic has not come through in most situations in this market.
$100k is way too much, as we see after BTC hits its ATH it gained too much attention in media that negatives news ruin its prices. I doubt that price will be ever reached. Another ATH might be recorded every year but not to that extent so as long as we can have chance to buy at this rate , we must have it now since it will be too expensive soon.



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Clavulanic
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May 27, 2018, 01:01:52 PM
 #39

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
I don't think that bitcoin will reach $100k by 2020 because there are just so many manipulators who want to cash out whenever they had the chance. As you can see bitcoin now is having a hard time reaching $10K value and i tend to believe that this is because whales are manipulating the price.
2020 is still about 2 years from here and that is a huge number of days ahead of us to know what could be a possibility or what could not. I am sure by then, there could have been a possibility where the market is probably have gotten huge than what it is today and recovered from the current downtrend, and we all know how recovery can be like in a matter of time. However, it is 2020 and I believe only time can prove us in any way we think, but realistically, I do not think it is possible as well, but we all know sometimes, being realistic has not come through in most situations in this market.
$100k is way too much, as we see after BTC hits its ATH it gained too much attention in media that negatives news ruin its prices. I doubt that price will be ever reached. Another ATH might be recorded every year but not to that extent so as long as we can have chance to buy at this rate , we must have it now since it will be too expensive soon.

Yeah its too much for bitcoin price, and with bitcoin situation nowadays some people think negatively due to the red days of the exchanges. If this will continue to happen, our speculation of bitcoin price this 2018 that we'll be coming to $20K might happen in year 2020. What's your opinion for that? Is that worth challenging for us?


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May 27, 2018, 01:41:39 PM
 #40

What price do you think bitcoin will reach by 2020?
I personally think that bitcoin can reach $100.000 by 2020 but i think it's never going to go to $1.000.000!
I don't think that it will increase bitcoin like that, as what I can see it is still hard for bitcoin to increase its price and I don't think that $100k is capable for bitcoin to reach in the year 2020, maybe we still need more years for that because, in my opinion, bitcoin will still experience a lot of decreasing price, not all the time bitcoin will increase.



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