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n0ne
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September 21, 2017, 10:03:41 AM |
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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. The predicted price might look big when looked in comparison with the present value. Here the reality is that the price will grow high in accordance to the adoption happening. In the ongoing year one reason for such an increased value is the legal adoption of Japan creating a large scale circulation within a small time period. When more countries participate the growth happens tremendously. |
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jackhdt
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September 21, 2017, 05:00:25 PM |
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Bitcoin will certainly thrive in the future but 30k $ is a very large number for the size of one Bitcoin. I think the bitcoin price will reach 10k $
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Make me great again
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joseafonso123az
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September 21, 2017, 05:51:26 PM |
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We can only predict now, but I believe it will be higher than the value that it is now in 2020. I am a believer because BTC has survived many problems that appeared against them, but it never dipped and disappeared, it always appeared better and more valuable. It would be great if we reach that mark, and by then we will see a more stable an more popular Bitcoin.
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moataz_ansary
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September 21, 2017, 06:36:31 PM |
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Agree and may be 50000$
May be 10000$ in few months
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nkarm1
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September 22, 2017, 09:51:40 AM |
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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.
2020 is still a short time for us before speculating like this. $30k is so big and not yet realistic for us. In able for bitcoin to reach $30k, we need a YUGE mass adoption of majority of countries in this market. Japan's adoption won't just put magic with it, so I think more countries, corporations, business sectors, etcetera is what we need for this huge growth. You think 3 years is enough for that? |
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osasshem
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September 22, 2017, 10:07:10 AM |
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It's a good say for the price of bitcoin to get to $30000 before 2020, but looking at the present state of bitcoin and the issues from China, it has to survive this present situation before we look towards the betterment. The year 2020 is still far, but let's follow it's price as it goes a step at a time.
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sasaku bitbit
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September 22, 2017, 12:01:49 PM |
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Maybe this will occur if the price of the bitcoin can survive and continue to increase in every second then predictions may hit on number bitcoin $30,000 before 2020. current course price bitcoin still survive on numbers $3500 even still changed-change then we should still take three years to achieve the price. I'm sure this will happen in early October in the bitcoin will be the beginning for bitcoin good starting step towards
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Lampaster
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September 22, 2017, 12:19:57 PM |
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For me it does not matter how much it will cost bitcoin in the future. I live now and want to have the opportunity to buy all necessary for living. Every user of bitcoin needs to understand that the price can not rise always. Only large turnover bitcoins can protect our savings. Even if the price will not grow at all, but will be able to earn enough bitcoins for life every day is much better than the prospect of becoming rich in the future.
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Meowth05
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★777Coin.com★ Fun BTC Casino!
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September 22, 2017, 12:40:26 PM |
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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.
2020 is still a short time for us before speculating like this. $30k is so big and not yet realistic for us. In able for bitcoin to reach $30k, we need a YUGE mass adoption of majority of countries in this market. Japan's adoption won't just put magic with it, so I think more countries, corporations, business sectors, etcetera is what we need for this huge growth. You think 3 years is enough for that? That's true indeed but who knows? Bitcoin is unpredictable yet, volatile. 2020 is still short time and $30k is also big but bitcoin might touch that amount or even more, there are many things that could happen within that short time. However to ensure that, support of everyone is necessary and huge mass adoption among countries will comply. |
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pipdarwin
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September 23, 2017, 01:27:30 PM |
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Since bitcoin is a so big currency today i dont think it would fall down to any more less than it's position now. But i would really think bitcoin would raise to atleast 30.000$ in the end off 2019. It is used on many sites and i just wonder how it would be in about 3 years.
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CoinsCoinsEverywhere
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September 23, 2017, 06:38:15 PM |
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As an absolute value, $30k sounds like a lot. But on percentage terms (600% of the recent peak of $5k), it's in line with some of the other crazy rallies we've had in the past. Right now, I feel like we're in a holding pattern, possibly waiting for either some more good news or bad news to drive price one way or the other. We may be stuck in this trading range for a while.
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richardsNY
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September 23, 2017, 06:56:14 PM |
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As an absolute value, $30k sounds like a lot. But on percentage terms (600% of the recent peak of $5k), it's in line with some of the other crazy rallies we've had in the past. Right now, I feel like we're in a holding pattern, possibly waiting for either some more good news or bad news to drive price one way or the other. We may be stuck in this trading range for a while.
The market seems to be consolidating, but I am not sure how long the market manages to remain hovering around current levels. If we're completely honest and realistic, an even worse situation than the first of August is heading towards us due to the planned hard fork in November. If the market is going to move in a certain direction, then it's definitely down from here -- no 'good' news can change anything in this case. |
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CoinsCoinsEverywhere
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September 23, 2017, 08:17:43 PM |
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As an absolute value, $30k sounds like a lot. But on percentage terms (600% of the recent peak of $5k), it's in line with some of the other crazy rallies we've had in the past. Right now, I feel like we're in a holding pattern, possibly waiting for either some more good news or bad news to drive price one way or the other. We may be stuck in this trading range for a while.
The market seems to be consolidating, but I am not sure how long the market manages to remain hovering around current levels. If we're completely honest and realistic, an even worse situation than the first of August is heading towards us due to the planned hard fork in November. If the market is going to move in a certain direction, then it's definitely down from here -- no 'good' news can change anything in this case. What's the current word on that hard fork? Is it projected to be as controversial as the bitcoin cash fork? As for the current consolidation area, you may be right, given how volatile bitcoin is. I guess by "for a while" I was thinking like a week or two...a while in bitcoin terms, but not long compared to other financial markets. As ironic as it may sound, if we can't break above ~$4k soon, a crash below $2k may be just what we need to resume the bull market. There's too much indecision right now. If we drop a lot lower, the decision will become clear again: buy. A good bounce off of $3k again to form a solid double-bottom might also be enough. |
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GreatOrchid
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September 23, 2017, 08:20:24 PM |
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I dont know if it can be possible, i think that bitcoin has to be less than $15k, no more. I dont get the point to be more than $30k - $50k - or maybe 100k like a lot of people are talking about, all those are speculations, and nobody is thinking that maybe banks will try to make a giant fud for preventing bitcoin to rise more. I dont know, but maybe it will rise a lot more, but not that much like you are saying,.
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CoinsCoinsEverywhere
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September 24, 2017, 01:41:00 AM |
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I dont know if it can be possible, i think that bitcoin has to be less than $15k, no more. I dont get the point to be more than $30k - $50k - or maybe 100k like a lot of people are talking about, all those are speculations, and nobody is thinking that maybe banks will try to make a giant fud for preventing bitcoin to rise more. I dont know, but maybe it will rise a lot more, but not that much like you are saying,.
I'm curious: if you think $15k is possible, why not $30k? One reason that people see $30k+ as a possibility is based on the market cap. By 2020, I think there should be around 18M bitcoins that have been mined. Multiplying that by $30k gives you $540B. The market caps of the some of the biggest companies are comparable. For example, Apple's market cap is about $785B right now. So a market cap of $540B seems reasonable. |
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Victorycoin
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September 24, 2017, 08:56:13 PM |
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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 think we have already seen what the Japanese impact will be on Bitcoin. Adoption is going to slow down over the coming months, if the price falls like this. The FUD that are being spread in China and Jamie's negative statements at JP Morgan is going to scare away potential adopters. { They do not question mainstream media } Sheep just follow price movements.  I think you did not factor in the profound resilience of Bitcoin in drawing your conclusion. The market have moved beyond China's gimmicks after their latest onslaught and the only thing ahead capable of holding Bitcoin back is the looming hard fork/split of the network. Should that end as a nonevent then the doors for great leap in price of Bitcoin just got thrown apart. |
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Yuuto
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September 25, 2017, 06:11:59 AM |
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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.
This could potentially be possible. The halving is on that year, the Olympics games hosted by Japan who recently have legalized bitcoin and got rid of all the extra taxes people pay. Plus, i think that it is extremely likely that a lot more merchants are going to start using bitcoin. I would say though, $30k seems to be quite a bold prediction. If it was lowered to $10k i'd be backing it 100%. |
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CoinsCoinsEverywhere
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September 25, 2017, 06:13:24 AM |
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I dont know if it can be possible, i think that bitcoin has to be less than $15k, no more. I dont get the point to be more than $30k - $50k - or maybe 100k like a lot of people are talking about, all those are speculations, and nobody is thinking that maybe banks will try to make a giant fud for preventing bitcoin to rise more. I dont know, but maybe it will rise a lot more, but not that much like you are saying,.
Another reason I think $30k is reasonable is that there still seems to be a lot of potential for new investors. Access to the bitcoin market is still not trivial, and there's a lot of skepticism that may be keeping some investors away. We really need a few institutional investors to jump in with tens of millions of dollars or more. Yes, banks do seem to be against bitcoin right now (or at least Dimon has been making a big stink lately), but at some point they may start to realize (if they haven't already) that they could manipulate bitcoin for increasing their own profits. If they start jumping into the market, it could skyrocket like we've never seen before. |
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oegarod
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September 25, 2017, 06:18:55 AM |
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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.
This could potentially be possible. The halving is on that year, the Olympics games hosted by Japan who recently have legalized bitcoin and got rid of all the extra taxes people pay. Plus, i think that it is extremely likely that a lot more merchants are going to start using bitcoin. I would say though, $30k seems to be quite a bold prediction. If it was lowered to $10k i'd be backing it 100%. As the user mentioned several possibilities based on several events connected to bitcoin is expected to happen before the targeted year. This might surely take the price much higher as well a better circulation will be found. Because at present Japan has got more merchants accepting bitcoin and by that time this will increase tremendously. |
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btcney
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September 25, 2017, 08:15:33 AM |
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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'd have to say that you have to be pretty optimistic to predict these figures, however i'm not saying that they are impossible at all. In fact John McAfee said that bitcoin will be worth around $500k by around the same timeframe. And it's not just Japan adopting, it's also Australia and they are a big economy. Plus, halving is on that year as well making the pump more likely. Though, i think that maybe half that price is more likely. $15k per coin is a good prediction for 2020, but $30k is a bit of a stretch. |
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