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Author Topic: Bitcoin to hit the $30.000 mark before 2020  (Read 3309 times)
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September 20, 2017, 11:07:07 AM
 #21

Even the ban of bitcoin in China has made a little shake in the price and within 24 hours it came up showing that it has nothing to do with bitcoin, so why can't it reach $30k within 3 more years, it is possible with bitcoin.

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September 20, 2017, 11:56:26 AM
 #22

It depends on demand of bitcoin. There is no one can predict the price of bitcoin appropriately.
Maybe there are some countries where forbidden bitcoin such as China that make bitcoin price was decreased
Or there are some countries where legalized bitcoin such as Japan that make bitcoin price was increase.
But, i hope bitcoin price is keep improving over time and can reach $30,000 or above in 2020.
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September 20, 2017, 11:59:38 AM
 #23

Even the ban of bitcoin in China has made a little shake in the price and within 24 hours it came up showing that it has nothing to do with bitcoin, so why can't it reach $30k within 3 more years, it is possible with bitcoin.

30k is a lot. it's like a median net year salary in western country, it's like gold on steroids! well, you can consider bitcoin as a digital version of gold but at that price level i doubt it will preserve its original monetary function and assume a different status of value store. nothing wrong with that but i don't think was the goal of satoshi.
maybe you can solve this "problem" when there will be less volatility considering that you can split in fractions but it is difficult to see stability today

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September 20, 2017, 12:08:03 PM
 #24

2020 is not all that long away, I certainly hope the OP is right with his statement of $30,000 for 1 bitcoin by 2020. It'll make a lot of us a lot of money.

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September 20, 2017, 12:14:33 PM
 #25

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

Hitting off the $30k-mark will be a dream-come-true for many of us here especially those who hodl their BTC for long time. It is possible in every way that we can think of but take note that this will be very hard to achieve. Look at what's happening right now. We are at the brink of hitting the $5k mark and then boom, one country spread FUD abhorrently followed by a baseless accusation by a CEO of a well known company and the market just reacted negatively bringing the price to what it's now.

What we need is for people to genuinely believe in BTC's technology and don't get manipulated by other people with FUD news. If genuine mass-adoption of BTC will happen, $100k mark is not even impossible.  Roll Eyes
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September 20, 2017, 12:20:26 PM
 #26

That is way large for just 2 and a quarter years. I am just expecting double per year which makes it at 15-16k per bitcoin and I still see that as a large amount. Better focus on bringing it to 5,000 dollars before the year ends. If that happen there may be a slight possibility with your prediction.
I do trust bitcoin on how it could go fly with its price but I dont want to assume so much to avoid regretting at the end.
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September 20, 2017, 02:48:54 PM
 #27

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

Hitting off the $30k-mark will be a dream-come-true for many of us here especially those who hodl their BTC for long time. It is possible in every way that we can think of but take note that this will be very hard to achieve. Look at what's happening right now. We are at the brink of hitting the $5k mark and then boom, one country spread FUD abhorrently followed by a baseless accusation by a CEO of a well known company and the market just reacted negatively bringing the price to what it's now.

What we need is for people to genuinely believe in BTC's technology and don't get manipulated by other people with FUD news. If genuine mass-adoption of BTC will happen, $100k mark is not even impossible.  Roll Eyes

Real hodlers will not sell at $10k, $20k, or $100k. Real hodlers will wait until you can buy anything you want bitcoin, including real state. By then, one BTC will afford you a nice condo in Los Angeles or some other expensive place, so you don't need to pay taxes on currency conversions. It's either all or nothing. If BTC reaches its full potential, everyone that ever sold a single satoshi is going to regret for the rest of their lives.

Don't forget that the first real state purchases are starting to happen and we are only in the beginning:

https://futurism.com/bitcoin-was-just-used-to-pay-for-a-new-home-in-texas/

Imagine how things will be in 10 years.
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September 20, 2017, 04:06:32 PM
 #28

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.
I have learned from listening to many financial "experts" that they usually don't have any better idea than anyone else what's going to happen.  They spout out numbers because that's what they're paid to do, whether they're right or wrong.

However, that being said, over the last couple of months I have become cautiously optimistic that $30k+ may be achievable.  I think that one of the biggest risks is some unexpected event that seriously shakes confidence in bitcoin--like if some entity successfully mounted a 51% attack on the network.  The other risk I see is some event that makes all or almost all governments ban it.  There are few things that I think could do this, but it would devastating to the price if it happened.  Obviously the probability of these things happening is small, but it's important to know what all of the risks are.
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September 20, 2017, 04:14:25 PM
 #29

Many experts make predictions about bitcoin. But bitcoin as we all know have became uncertain and unpredictable. Those so called experts keep on changing their predictions with time according to market and if anyone of that prediction goes right. They claim themselves to be expert in bitcoin.

But $30k prediction is realistic and we will touch that price before 2020 easily. In coming years, there will be increase in demand and price can easily touch this target.
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September 20, 2017, 04:33:37 PM
 #30

Many experts make predictions about bitcoin. But bitcoin as we all know have became uncertain and unpredictable. Those so called experts keep on changing their predictions with time according to market and if anyone of that prediction goes right. They claim themselves to be expert in bitcoin.

But $30k prediction is realistic and we will touch that price before 2020 easily. In coming years, there will be increase in demand and price can easily touch this target.

If we see the graph over 7 years, bitcoin always show a promising progress as positive value of investment so that's why some expert try to calculate if bitcoin value always be like this, nothing is impossible. The problem only whenever people will keep have a faith on bitcoin or not when something bad happen for example : I keep hold my bitcoin although Chinese ban bitcoin
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September 20, 2017, 05:20:46 PM
 #31

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.

I have already commented on something similar in another topic, digital coins will have much use in the future

Imagine if in 2 years the European union accepted bitcoin as a means of payment, imagine when many organizations accept bitcoin as payment method

the price will be much higher than the current, maybe reach 30,000 in 15 years, now in 4 years reach 30,000 will be a challenge

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September 20, 2017, 07:35:30 PM
 #32

I expect max price in 2019 to be right around $30k, so I say yes it is very possible. Entering 2020 price should be between 25k and 35k.
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September 20, 2017, 08:04:37 PM
 #33

There are many Expert Investors in their best genres who predicted $25k - $50k range to be touched nearby 2020. Where JP Morgan's CEO "exposed" that Bitcoins are too much overvalued, Fundstrat's Co-founder Tom Lee said that this would be no less than $25,000 in 2022 (as published in a recent news report), many from Wall Street said Bitcoin's value is 0 where big investors like Bill Gates and Winklevoss Twins as well as Tim Draper find it to be the most optimistic investment made ever through them. Don't listen to anybody, just let the charts show you the real painting. Wink
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September 20, 2017, 09:41:35 PM
 #34

I expect max price in 2019 to be right around $30k, so I say yes it is very possible. Entering 2020 price should be between 25k and 35k.

And I expect that bitcoin by 2020 will be much more expensive. Yet I believe in those optimistic and non-logical predictions that say that bitcoin will cost between $ 100,000 and $ 500,000

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September 20, 2017, 09:43:33 PM
 #35

I expect max price in 2019 to be right around $30k, so I say yes it is very possible. Entering 2020 price should be between 25k and 35k.

High price levels mean more market cap and more popularity.Considering less interest to cryptoworld this prediction can only be right if peoples start to realize the opportunities..

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September 20, 2017, 10:06:40 PM
 #36

Let's circle jerk ourselves billionaires in threads like this Grin

$1M/BTC in 2030 !!!!

Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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September 21, 2017, 05:05:19 AM
 #37

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.
Still bitcoin is different from EU and US markets. But you're also right that Japan is known to be a trend setter but I don't think it will actually reach that high in year 2020. Maybe around 15-18k dollar is possible.
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September 21, 2017, 07:18:08 AM
 #38

I expect max price in 2019 to be right around $30k, so I say yes it is very possible. Entering 2020 price should be between 25k and 35k.
Thats price is very high sir, bitcoin needs more time to reach that . Even 2020 the price of bitcoin will not reach 30k dollars The possible price of bitcoin in that year is 10k dollars . And i think it will happen the price of bitcoin will become 20k or 30k in the year od 2025 . But everything is possible to happen and for sure if you have a lot of bitcoin you will earn a lot of profit in the future. So buy more bitcoin and hold it for fee years.

 
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September 21, 2017, 07:26:26 AM
 #39

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.
Still bitcoin is different from EU and US markets. But you're also right that Japan is known to be a trend setter but I don't think it will actually reach that high in year 2020. Maybe around 15-18k dollar is possible.

15-18k$ is pretty far to be happen but possible if there is a big thing will boost it up for that period, But since 2020 is so far to be happen right now well maybe those possibilities have some chances but if there are some tragedy will happen then 15k$ minimum will be unreachable and maybe the one we can see is at 8k$ price.

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Baofeng
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September 21, 2017, 09:49:39 AM
 #40

Just spoke with several financial experts with backgrounds in the banking sector. They told me once Japan opens itself up to the Bitcoin the currency is very likely to reach the 30.000 USD mark before 2020 since
Japan has been known to be a trendsetter and have high influence on the EU and US markets.
Still bitcoin is different from EU and US markets. But you're also right that Japan is known to be a trend setter but I don't think it will actually reach that high in year 2020. Maybe around 15-18k dollar is possible.

15-18k$ is pretty far to be happen but possible if there is a big thing will boost it up for that period, But since 2020 is so far to be happen right now well maybe those possibilities have some chances but if there are some tragedy will happen then 15k$ minimum will be unreachable and maybe the one we can see is at 8k$ price.

Its a big challenge for bitcoin to really push the price around the $30K level i the future. We just lost a country supporting it and we need another one besides the current to man up and enter the picture. This is the only scenario that I consider that will really get the price to at least $20K or more in the future. Even if Segwit2x proposal is activated in the next couple of months. I don't think that $10K is possible in 2018. Well its still a long way and far from 2020, but I will remain optimistic here and wish the price could go as high as that.

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