Bitcotalk
|
|
October 31, 2017, 08:33:10 AM |
|
That would be interesting if that happens. It would actually be five times higher than its value today. I think this prediction is over optimistic without considering the other competition with regards to cryptocurrency ecosystem.
If we talk realistically, then this thing is nearly impossible. Yet you never know what will happen in the future as future is unpredictable. This is really a difficult thing to see and that too in such a short period of time. Market price of bitcoin will for sure increase very much by the end of 2022 but saying this that it will reach up to 25000$ is something nearly impossible and hard to see. Indeed we don’t know anything about future but I don’t think so it is that hard for bitcoin to achieve this value. The way bitcoin is becoming popular day by day and increasing in prices continuously, there are maximum chances that bitcoin is going at least reach 20,000 dollars after five years. It depends on the market of the bitcoin and if customers increase drastically, it may reach 25,000 dollars as well.
|
|
|
|
btc24
|
|
October 31, 2017, 05:34:35 PM |
|
Just imagine that really happens, what a wonderful life. We can be a very rich man if we own bitcoin in 2022. Additionally, if the report informs the fact, then we can keep bitcoins since today and sell them in 2022. I wish that happens as soon as possible.
|
|
|
|
sunsilk
|
|
October 31, 2017, 06:38:52 PM |
|
Just imagine that really happens, what a wonderful life. We can be a very rich man if we own bitcoin in 2022. Additionally, if the report informs the fact, then we can keep bitcoins since today and sell them in 2022. I wish that happens as soon as possible.
Even I hold 1 bitcoin and wait for that moment that's really something going to help me with my finances. I've got some businesses to deal with but with bitcoin waiting for this day that will be the greatest day of my life. Since I can't earn that much with the other businesses that I established for a short amount of time and think of it that I have to focus and monitor them from time to time. But with bitcoin, you'll just going to it this way buy and forget it until the price reaches on this rate.
|
|
|
|
nomad1109
Full Member
Offline
Activity: 238
Merit: 100
Medichain: The Medical Big-Data Platform
|
|
October 31, 2017, 06:55:28 PM |
|
I'm a bit frightened by the all consuming optimism of many of the people here. The model is interesting, but does it scale? There are a lot of models that are only accurate at smaller scales, and then drift off into nowhere. Bitcoin has reached big numbers now, but how will the model hold at 500B value? Anyways, I hope you all don't get your hopes up too much. At least do some more research and develop some reasons for why you think 25k is a reasonable price for bitcoin.
|
|
|
|
octaviomoreno
Newbie
Offline
Activity: 34
Merit: 0
|
|
October 31, 2017, 06:58:06 PM |
|
The OP's ideal looks crazy but i think it's can be real in the future. When everybody is chasing for bitcoin and the amount of Bitcoin is limited which is less day by day . So It's easy to understand why price of Bitcoin raising insane in the future.
|
|
|
|
CoinsCoinsEverywhere
|
|
November 01, 2017, 04:03:07 PM |
|
I'm a bit frightened by the all consuming optimism of many of the people here. The model is interesting, but does it scale? There are a lot of models that are only accurate at smaller scales, and then drift off into nowhere. Bitcoin has reached big numbers now, but how will the model hold at 500B value? Anyways, I hope you all don't get your hopes up too much. At least do some more research and develop some reasons for why you think 25k is a reasonable price for bitcoin.
This is a good point, and something that concerns me, as well. The prevailing sentiment around here seems to be that you can't go wrong by buying bitcoin at any price level, which of course has held so far. But yes, at some point, the price can't keep scaling. Personally, while I've been skeptical of the price increase and optimism this year, such optimism mostly seems to be the sentiment of those in the bitcoin community. There's still plenty of skepticism by large financial institutions and governments, which means there's still potential for more growth.
|
|
|
|
doomloop
|
|
November 01, 2017, 05:06:35 PM |
|
That would be interesting if that happens. It would actually be five times higher than its value today. I think this prediction is over optimistic without considering the other competition with regards to cryptocurrency ecosystem.
If we talk realistically, then this thing is nearly impossible. Yet you never know what will happen in the future as future is unpredictable. This is really a difficult thing to see and that too in such a short period of time. Market price of bitcoin will for sure increase very much by the end of 2022 but saying this that it will reach up to 25000$ is something nearly impossible and hard to see. For me it is not impossible because the bitcoin is the best thing to invest and to buy for the profit if it is giving the profit for all the people. Bitcoin is the different currency to hold and to get the profit because all the people are now begin in the bitcoin and they will buy the bitcoin and the income of the bitcoin will be more than this, the bitcoin price will be more than $25000 in the coming years.
|
|
|
|
Dudeperfect
|
|
November 01, 2017, 05:08:11 PM |
|
The OP's ideal looks crazy but i think it's can be real in the future. When everybody is chasing for bitcoin and the amount of Bitcoin is limited which is less day by day . So It's easy to understand why price of Bitcoin raising insane in the future. To be honest, anything is possible and I think that we should not discard any idea or prediction in this regard. Especially in the case of the wild market such as cryptocurrencies. We have predictions right from $1000 to $500,000 till 2020 and everyone has their own point of view. We must realize the fact that no one can predict the accurate future, all we can do is to predict the possibilities considering the available data and since Bitcoin is a global phenomenon, we have multiple possibilities and views for the same.
|
|
|
|
stepwilli
|
|
November 02, 2017, 01:21:25 PM |
|
I'm a bit frightened by the all consuming optimism of many of the people here. The model is interesting, but does it scale? There are a lot of models that are only accurate at smaller scales, and then drift off into nowhere. Bitcoin has reached big numbers now, but how will the model hold at 500B value? Anyways, I hope you all don't get your hopes up too much. At least do some more research and develop some reasons for why you think 25k is a reasonable price for bitcoin.
This is a good point, and something that concerns me, as well. The prevailing sentiment around here seems to be that you can't go wrong by buying bitcoin at any price level, which of course has held so far. But yes, at some point, the price can't keep scaling. Personally, while I've been skeptical of the price increase and optimism this year, such optimism mostly seems to be the sentiment of those in the bitcoin community. There's still plenty of skepticism by large financial institutions and governments, which means there's still potential for more growth. You only have hard efforts to put and then wait for good time. After placing your part, you’re only left with good hope. Always keeping good and positive thinking for your results. Same here with bitcoin, you always think bigger and bigger for the thing that you want most in your life. Bitcoin is one of them and so, it’s casual if we, sometimes, go out of the box to think more for it.
|
|
|
|
DrGuns4Hands
|
|
November 02, 2017, 01:52:37 PM |
|
I already read about this. wall street predicted that the price of bitcoin will goes up to $25000 5 years from now and that's 2022 I'm actually excited to go in 2022 because I already holding my coins for a long term since the price of bitcoin goes to $4000 and now we already reach the $7000 barrier.
|
|
|
|
jaysabi (OP)
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
November 09, 2017, 11:07:41 PM |
|
Where bitcoin will reach will solely depend on innovations and community acceptance. There are a lot of problems to be solved and as the solutions keep arriving and the network keeps getting robust, the price will keep rising. A 4-5K increase for each of the following 1. Solve micro transaction problem 2. Solve Transaction speed and scaling issue. 3. Solve the miner vs user ambiguity.
Thats an easy +15K in the coming 1-2 years itself. I say by 2020 beginning, well be looking at 25k
All of these things are easier said than done. SegWit2x was an attempt to solve scaling issues, and look what a terribly fiasco that turned into before they finally scrapped it. The failure of SegWit2x actually gives a boost to Bitcoin Cash in my book. Both attempted to solve scalability and network congestion, and both went about it in different ways. I originally thought SegWit2x was the way to go, but the way they tried to force it through and threaten the system with chaos really undermines the attempt. Now Bitcoin Cash is the remaining alt with a scalability solution, and it's probably not a coincidence that it's up a good chunk on the failure of SegWit2x. (To be fair, a lot of alts are up as money flows back out of btc right now.)
|
|
|
|
CoinsCoinsEverywhere
|
|
November 09, 2017, 11:33:01 PM |
|
Where bitcoin will reach will solely depend on innovations and community acceptance. There are a lot of problems to be solved and as the solutions keep arriving and the network keeps getting robust, the price will keep rising. A 4-5K increase for each of the following 1. Solve micro transaction problem 2. Solve Transaction speed and scaling issue. 3. Solve the miner vs user ambiguity.
Thats an easy +15K in the coming 1-2 years itself. I say by 2020 beginning, well be looking at 25k
All of these things are easier said than done. SegWit2x was an attempt to solve scaling issues, and look what a terribly fiasco that turned into before they finally scrapped it Yes, it was a fiasco, but as you said, they went about it in the wrong way. A good scaling solution is needed, but the whole community needs to be on board with it. The failure of SegWit2x actually gives a boost to Bitcoin Cash in my book. Both attempted to solve scalability and network congestion, and both went about it in different ways. I originally thought SegWit2x was the way to go, but the way they tried to force it through and threaten the system with chaos really undermines the attempt. Now Bitcoin Cash is the remaining alt with a scalability solution, and it's probably not a coincidence that it's up a good chunk on the failure of SegWit2x. (To be fair, a lot of alts are up as money flows back out of btc right now.)
Almost all of the recent rise in the price of bitcoin cash happened before segwit2x was canceled. I think there was a lot of interest in South Korea, or something like that. Although I'll admit that it's possible that people were thinking that segwit2x was going to fail and thus started buying bitcoin cash.
|
|
|
|
Sadlife
|
|
November 10, 2017, 01:14:03 AM |
|
This maybe possible considering the volume of users it has gained during the years and this shows the increase of price x6 in just only this year how much more if more people knows about bitcoin. Mostly people in my country dont know anything about bitcoin or in general population only 4 out of ten knows about bitcoin and most of them are youths. We can probably achieve $25000 through sharing the knowledge about crypto's.
|
▄▄▄▀█▀▀▀█▀▄▄▄ ▀▀ █ █ ▀ █ █ █ ▄█▄ ▐▌ █▀▀▀▀▀▀█ █▀▀▀▀▀▀▀█ █ ▀█▀ █ █ █ █ █ █ ▄█▄ █▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█ █ █ ▐▌ ▀█▀ █▀▀▀▄ █ █ ▀▄▄▄█▄▄ █ █ ▀▀▀▄█▄▄▄█▄▀▀▀ | . CRYPTO CASINO FOR WEB 3.0 | | . ► | | | ▄▄▄█▀▀▀ ▄▄████▀████ ▄████████████ █▀▀ ▀█▄▄▄▄▄ █ ▄█████ █ ▄██████ ██▄ ▄███████ ████▄▄█▀▀▀██████ ████ ▀▀██ ███ █ ▀█ █ ▀▀▄▄ ▄▄▄█▀▀ ▀▀▀▄▄▄▄ | | . OWL GAMES | | | . Metamask WalletConnect Phantom | | | | ▄▄▄███ ███▄▄▄ ▄▄████▀▀▀▀ ▀▀▀▀████▄▄ ▄ ▀▀▀▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▀ ▄ ██▀ ▄▀▀ ▀▀▄ ▀██ ██▀ █ ▄ ▄█▄▀ ▄ █ ▀██ ██▀ █ ███▄▄███████▄▄███ █ ▀██ █ ▐█▀ ▀█▀ ▀█▌ █ ██▄ █ ▐█▌ ▄██ ▄██ ▐█▌ █ ▄██ ██▄ ████▄ ▄▄▄ ▄████ ▄██ ██▄ ▀█████████████████▀ ▄██ ▀ ▄▄▄▀▀█████████▀▀▄▄▄ ▀ ▀▀████▄▄▄▄ ▄▄▄▄████▀▀ ▀▀▀███ ███▀▀▀ | | . DICE SLOTS BACCARAT BLACKJACK | | . GAME SHOWS POKER ROULETTE CASUAL GAMES | | ▄███████████████████▄ ██▄▀▄█████████████████████▄▄ ███▀█████████████████████████ ████████████████████████████▌ █████████▄█▄████████████████ ███████▄█████▄█████████████▌ ███████▀█████▀█████████████ █████████▄█▄██████████████▌ ██████████████████████████ █████████████████▄███████▌ ████████████████▀▄▀██████ ▀███████████████████▄███▌ ▀▀▀▀█████▀ |
|
|
|
Cinemo
|
|
November 10, 2017, 01:28:27 AM |
|
First, a word of warning: I think the valuation is overly optimistic, in the extreme, and I would take it with a grain of salt. May very well be a small analytics firm looking to grab some attention by making a splashy claim. That said, the report was published to the firm's paying clients, so their own credibility is on the line. The company making the prediction is FundStrat, which describes itself as: We are an independent research boutique, providing market strategy and sector research. Our differentiated approach is based on what we call fundamental strategy. That is, our research process combines both top-down strategy and bottoms-up fundamental views, to develop a roadmap of practical and useful investment insights for our clients.
According to FundStrat, Bitcoin is following Metcalfe’s Law, which essentially sketches out the value of a network based on how many users it has. “If you modeled something as simple as square the number of users plus transaction value, it’s explained 94% of [Bitcoin’s price appreciation] this year,” Lee said. Now, as for the future valuation, Tom Lee, Managing Partner of Fundstrat, put a $25,000 price target for Bitcoin by 2022 in a note to clients published earlier this year. However, and this is important, this view is predicated on cryptocurrencies displacing gold in portfolios with Bitcoin serving a “digital store of value.”Presently, I don't see that happening. I think people using crypto as a long term store of value are taking on immense risk, and I don't see something as volatile as crypto displacing gold, which is historically a hedge against inflation and therefore done out of safety. Bitcoin is pure risk. A $25,000 price is fun to think about, even though I don't believe it's in the cards. Yes i believe that after a many years bitcoin will going increase rapidly so we need to keep this until it bump to the highest value in 2020 predict that bitcoin will go to $20000 this is holy so have a encourage yo earn bitcoin and hold this.
|
|
|
|
entrepmind23
|
|
November 10, 2017, 02:49:03 AM |
|
This maybe possible considering the volume of users it has gained during the years and this shows the increase of price x6 in just only this year how much more if more people knows about bitcoin. Mostly people in my country dont know anything about bitcoin or in general population only 4 out of ten knows about bitcoin and most of them are youths. We can probably achieve $25000 through sharing the knowledge about crypto's.
This study is not entirely impossible knowing that in just a year, bitcoin has yet again increase 10 times compared to its price last year. In our country, maybe less than 1% of the population knows about it and if it keeps getting the attention of the media may it be in papers, television or social media then price would continue to go upwards due to high demand. Of course there would be some downward trend from time to time but if there would be no event that would make the people still choose bitcoin over others then $25,000 may be reach earlier than 2022 and that would be good for all of us.
|
|
|
|
bitcoin31
|
|
November 10, 2017, 03:13:47 AM |
|
The percent to happen the price become 25k doplars is high and for sure you will earn profit if that happen so it's better if you have extra money now invest that in bitcoin to make more profit in the future. More bitcoin that you have more chances to earn profit . Todsy price is 7500 dollars and possible the price before end of this year is 10k dollars and we have few years to reach 25k dollars.
|
|
|
|
salihno71
|
|
November 14, 2017, 09:48:02 AM |
|
Bitcoin is the black swan and the predictions are ungrateful since they can fail miserably. But, if the institutional money starts to flow in and existing problems are addressed in a satisfactory way, it can go even higher. Check for example last 20 years of Berkshire Hathaway A share value http://www.morningstar.com/stocks/XNYS/BRK.A/quote.html
|
|
|
|
Thaliron
Member
Offline
Activity: 87
Merit: 10
|
|
November 14, 2017, 10:08:18 AM |
|
I think that it will even go to 20k in 2018, because bitcoin has the potential we have seen that it had risen 6k in a year this means that bitcoin can also do this again.
So i think that in 2019 bitcoin will surely have hitted 20k at least.
|
|
|
|
jaysabi (OP)
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
|
|
November 17, 2017, 07:20:26 PM |
|
Bitcoin is the black swan and the predictions are ungrateful since they can fail miserably. But, if the institutional money starts to flow in and existing problems are addressed in a satisfactory way, it can go even higher. Check for example last 20 years of Berkshire Hathaway A share value http://www.morningstar.com/stocks/XNYS/BRK.A/quote.htmlBerkshire is a huge conglomerate that owns hundreds of businesses though. That's a crucial difference. Berkshire's stock reflects an ownership stake in those businesses, and thus a legal right to the profits. So stocks have inherent value because they represent something that can be turned into cash. This is the opposite of Bitcoin. Bitcoin is only worth what everyone thinks it is worth, and if the perception of the value changes to 0, there is no inherent value there to keep the price up. In Berkshire stock, everyone would never consider the stock to be worth 0 unless all the businesses Berkshire owned were worth 0. Inherent value is an important point to understand, because it represents a lot of risk when a speculative asset has no inherent value like Bitcoin.
|
|
|
|
PranDoW
|
|
November 17, 2017, 07:24:20 PM |
|
I think that it will even go to 20k in 2018, because bitcoin has the potential we have seen that it had risen 6k in a year this means that bitcoin can also do this again.
So i think that in 2019 bitcoin will surely have hitted 20k at least.
In one year up to 20k sounds insanely, but taking into account how the price of bitcoin is changing now can not be affirmed with 100% probability, which is impossible
|
|
|
|
|