joebrook
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November 26, 2017, 09:57:34 PM |
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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.
Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher.
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romecheo
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November 26, 2017, 10:10:46 PM |
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Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher.
I am agree with you, when you said that FundStrat the company who make the prediction is underestimating Bitcoin. What I am seeing, Bitcoin would reach $50000 to $60000 by December 2019, or maybe more.
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mx667
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November 26, 2017, 10:38:28 PM |
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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.
Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher. I would be sad if Bitcoin only reach that price that year. That's because I think the price of Bitcoin can reach more numbers. I hope, in 2 to 3 years the price of Bitcoin can reach 10 times as it did several years ago. That's because I want my investments to pay off in the time I've set. And I think many say that the price of Bitcoin will increase more than that. If the price of Bitcoin is going to be that way, or my predictions and predictions do not happen, then I want to ask something. If we invest now, then we start our investment when it costs $ 10,000. And if we want to profit 10 times, we have to wait until Bitcoin's price reaches $ 100,000. The question is, when will Bitcoin's price reach $ 100,000?
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sheryl26
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November 26, 2017, 11:19:32 PM |
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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. That is a very interesting article to know i just hope that those would be true because I plan to hold my bitcoins for that long and if that really happen I will be a millionaire in the year 2022 and that would be nice because im that year I will be 22 years old and that is my goal im life to have my first millions in the age of 20s i am just hoping that the bitcoins will continue to pump even if they do mot reach that price in 2022 at least they will mot stop on slowly pumping because a lot of money we made because of that thing.
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tabas
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November 26, 2017, 11:24:37 PM |
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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.
There are a lot of predictions too about 2020's+ and what I like with those prediction is they are telling that bitcoin will be good at $100,000 by that time. And that's what I'm waiting for but if ever bitcoin's price will be hitting at $25,000 on that year that will be better.
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djablom1
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November 26, 2017, 11:52:40 PM |
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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 $25,000 price is fun to think about, even though I don't believe it's in the cards. That is a very interesting article to know i just hope that those would be true because I plan to hold my bitcoins for that long and if that really happen I will be a millionaire in the year 2022 and that would be nice because im that year I will be 22 years old and that is my goal im life to have my first millions in the age of 20s i am just hoping that the bitcoins will continue to pump even if they do mot reach that price in 2022 at least they will mot stop on slowly pumping because a lot of money we made because of that thing. I agree with you i personally think that it can easily reach that price by 2022 because at the end of this year it will have 10k and it has grown 9k in a year i think it is safe to say that it will reach 25k in 2022.
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jaysabi (OP)
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November 27, 2017, 10:06:39 PM |
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It is very much possible if we consider the current bitcoin growth rate. We may see bitcoin to 10000$ in very short period of time. Demand of bitcoin is increasing day by day among people. My prediction is in 2022 price will be more than 30000$.
The growth rate is the key variable, but everyone is taking it for granted that this is 1) normal, and 2) sustainable. Normal is easier to argue, because Bitcoin has always been very volatile. Plus, how do you determine what normal is with such limited data? So perhaps extreme volatility is normal, and periods of rapid price appreciation can be normal, but sustainable is another question entirely. Bitcoin cannot grow at such a rapid clip for extended periods of time (up 750% in less than a year now), because the law of large numbers makes it more difficult to the growth rate the larger it gets. That's a mathematical question though. The larger question is can Bitcoin grow this quickly and not be a bubble. I'm not sold on that one. Everything about this feels like a bubble, because everyone looks irrational insisting it can't go down.
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tam31
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November 27, 2017, 10:18:37 PM |
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I think that bitcoin will hit that target before the year 2022. Just look at it bitcoin can rise at any moment very high in a short time and remember that bitcoin is now a very good coin that is supported.
It will not easily fall down because people are now believing in it more than it was new.
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Happy Miner
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November 28, 2017, 01:01:07 PM |
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It seems to me that 25,000 for bitcoin will not be in 2022, but in 2018. And maybe even more. Theoretically, the price of bitcoin increases 10 times every 2 years. From this we can draw the appropriate conclusions.
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saffira
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November 28, 2017, 02:35:40 PM |
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Interesting. All of the valuations that I see like this are based on Bitcoin capturing a certain percentage of the gold market. Long term I think its definitely possible given a 5-10% swing in market share away from gold. The other factor that noone seems to factor in is the youth effect. There are tons of kids now growing up who are learning about crypto. Part of the reason that superhero movies do so well now is because they were marketed to kids who are now income earners in the economy. In 25-40 years if all kids are putting part of their pension in Bitcoin - its definitely a likely scenario. I'm Hodling The idea is possible. The value rise is fast. Bitcoin value is volatile, but its volatility proves us right that it always goes up. Therefore, if I would have fund right now, i will choose to invest now. Who knows on that year, i am a millionaire and I hope so. This is really exciting and I am looking forward for more increase.
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fruitjay
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November 29, 2017, 12:39:41 PM |
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I think so too, especially, everything is going so fast these days. It'll be more of an anticipated outcome rather than unexpected and unreachable growth for bitcoin.
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Semaj123
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November 29, 2017, 01:22:45 PM |
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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.
There are a lot of predictions too about 2020's+ and what I like with those prediction is they are telling that bitcoin will be good at $100,000 by that time. And that's what I'm waiting for but if ever bitcoin's price will be hitting at $25,000 on that year that will be better. Yeah many of bitcoin community thoughts about that value in 2022 and I think that its nearly possible because right now it already reached $10000. This is the power of cryptocurrency that it will probably dominate the market due to its very volatile. Lucky to be that I'm part of this revolutionary digital currency and I will be much happier of this happen in 2022.
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gabmen
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November 29, 2017, 01:40:12 PM |
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I think so too, especially, everything is going so fast these days. It'll be more of an anticipated outcome rather than unexpected and unreachable growth for bitcoin.
Right. It's highly possible that it's not even going to take 5 years before we see that 25k per btc. We've seen how the price went from 10k to 11k in hours so its looking pretty good for bitcoin. Next year probably for a 25k run?
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South Park
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November 29, 2017, 07:45:05 PM |
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I agree with you . It could be a great challenge for bitcoin. But why not? We all know that everything cannot be done without a process. Maybe it is a long wait also and a very big challenge, but if that would happen, then we will have a lot of earnings or we can gain a lot from that. All we have to do is not to quit and continue what we have started so we will not be behind with others. A challenge, yes. But I do not think achieving $25,000 by 2022 is impossible. At the beginning of this year, people would have thought you were crazy if you said Bitcoin could cross $2000 in 2017. Now, people think it will cross $10,000. So nothing is impossible in the Bitcoin world. This is why trying to predict the market is such a huge waste of time, bitcoin cannot be predicted it could easily go to 20000 in the next year or go to 5000, we must concentrate in holding our bitcoin under all circumstances to not sell it and to not lose it to hackers. I agree, predicting the price of not just bitcoin but any other cryptocurrency is just a stupid idea, because there are many things that we can not know and the things that may affect the price in teh future, because bitcoin is not controlled by the normal market events they are random and quick, people say that bitcoin will reach 25k by the end of the 2022 i say we might even hit that number erlier than that, people didn't predict that the price of the bitcoin will go from 700$ to 9k in the bigening of the year, and this nearly 1000% increase in just a year was never a thing that anyone thought would be possible, so in the future the price may keep on this crazy rise and it might get shut down, but we can't know, only time will. This is why even if I like reading topics like this and hearing other people reasoning of why bitcoin can reach a particular price I do not act upon that information, I just hold my bitcoin, if bitcoin skyrockets I hold and if it crashes I'm going to keep holding since I have a firm belief in the technology behind bitcoin.
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bhantom
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November 29, 2017, 08:02:43 PM |
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Is very interesting informations whose are giving me believe to it. I think it is really possible when i look what is going now with bitcoin
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jaysabi (OP)
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November 29, 2017, 08:28:29 PM |
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Op, such prediction appeared in so many places before now and I believe it is a possibility that is bound to happen and may not happen at all. But if bitcoin should continue the way it's value move this year that it will reach $25000 by 2022 though it is not a guarantee that it will come an accomplishment at the end of 2022.
Bitcoin has moved from $1000 from the beginning of the year and it's currently hovering around $9200 as of right now and it has the potential of reaching $10000 before the year ends. I think it will be an understatement to say it reach $25000 by 2022, I believe it will reach $20000 by next year ending if not higher. I would be sad if Bitcoin only reach that price that year. That's because I think the price of Bitcoin can reach more numbers. I hope, in 2 to 3 years the price of Bitcoin can reach 10 times as it did several years ago. That's because I want my investments to pay off in the time I've set. And I think many say that the price of Bitcoin will increase more than that. If the price of Bitcoin is going to be that way, or my predictions and predictions do not happen, then I want to ask something. If we invest now, then we start our investment when it costs $ 10,000. And if we want to profit 10 times, we have to wait until Bitcoin's price reaches $ 100,000. The question is, when will Bitcoin's price reach $ 100,000? The main problem with this line of thinking to me is that people would expect an investment to increase 10x as a matter of fact. This line of thinking shows that people don't view Bitcoin as a risk, they view price increases as an inevitability, and that mania and irrationality is a surefire sign of a bubble. This exact sentiment fueled the mania that created the dotcom bubble and the housing bubble. Alan Greenspan famously called the market irrational exuberant during the dotcom bubble. To me, this looks far more unbalanced than that did at the time.
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Shishir99
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January 30, 2018, 10:53:14 PM |
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It is very much possible if we consider the current bitcoin growth rate. We may see bitcoin to 10000$ in very short period of time. Demand of bitcoin is increasing day by day among people. My prediction is in 2022 price will be more than 30000$.
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Yatsan
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January 30, 2018, 11:25:03 PM |
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I would say that it is possible. Bitcoin last year almost reached the 20000- dollar mark and with that, I think it will be acheved earlier than 2022. At this moment, Bitcoin's market value fell and is now stucked in 10 000 USD, but I am expecting that its market price will eventually increase. So holding and investing now will be a good idea to earn huge profit in the future.
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PalindromemordnilaP
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January 30, 2018, 11:46:45 PM |
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That'll be a good news for the rest of cryptocommunity. Speculations has it that bitcoin will rise more than the amount being presented in the OP which i think is very unlikely to happen considering bitcoin's sluggish movement. But then, bitcoin is very volatile and unpredictable that it might burst starting tomorrow. Bottomline is, we just don't know when it is so i think 25K USD by 2022 may be achieved ahead of time.
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andeluna
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January 31, 2018, 12:26:29 AM |
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That'll be a good news for the rest of cryptocommunity. Speculations has it that bitcoin will rise more than the amount being presented in the OP which i think is very unlikely to happen considering bitcoin's sluggish movement. But then, bitcoin is very volatile and unpredictable that it might burst starting tomorrow. Bottomline is, we just don't know when it is so i think 25K USD by 2022 may be achieved ahead of time.
It is not impossible for bitcoin because of its investors who make the bitcoin well-known and high in price. It is also a great news for everyone who are into bitcoin specially to those people who invested bitcoins. They are really profitable.
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