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Author Topic: Will Bitcoin rise to $500k in three years?  (Read 5075 times)
Shishir99
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November 10, 2017, 05:52:54 AM
 #201

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
If i consider the volatility and growth rate butcoin may go to 100000$.
And also taking the factor that block rewards will be half.
But bitcoin price to 500000$ in 2020 is pretty much impossible.

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November 10, 2017, 06:38:12 AM
 #202

%0.000001 chance to hit 500k in three years. But there is %10 chance to hit 100k in next three years. And i will bet on %10 and hodl my coins

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November 10, 2017, 07:52:43 AM
 #203

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
Oh I think it is too early speculation for bitcoin. Yes we all know that bitcoin has a potential to reach that amount.
For me I think the best things that we can do is too wait and believe that someday bitcoin will be that sucessful in the future.
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November 10, 2017, 07:58:46 AM
 #204

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
That's really hard to tell. But it seems to be not possible to happen within just 3 years of time. Although the rate of increase on its value is already at this moment, the problem is we don't know until when will it maintain a rate as high as this. In my opinom it will achieve a market value of 20000$ 3 years from now and I think, it is mor realistic and quite possible to happen than to reach 500000$ on the given period.

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November 10, 2017, 08:27:28 AM
 #205

I just predict that bitcoin prices in the next 3 years will be around $ 15000. I think, the $ 500k price is too high for 1 bitcoin. even when bitcoin is in need, I do not think the price will go that high within 3 years.

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November 10, 2017, 09:49:26 AM
 #206

I just predict that bitcoin prices in the next 3 years will be around $ 15000. I think, the $ 500k price is too high for 1 bitcoin. even when bitcoin is in need, I do not think the price will go that high within 3 years.
Too difficult to predict, btc price depends on users hypes on what current evwnts btc have to do like when segwits announced and says that we can have free botcoin gold, all of sidden traders buy huge amount of btc to save and to get some freebie, now the swgwots were canceled some were pull it out,thats why the price just keep on this amount as pf rhis moment, will know soon if there is a possibility.

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November 10, 2017, 10:08:40 AM
 #207

Unless I'm imagining it it was actually John McAfee's wife who tweeted that when he was out and then I guess he took ownership of it when the publicity rolled in.

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November 10, 2017, 10:18:18 AM
 #208

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
I think it is not possible. We can predict anything but all our prediction is not correct. $500k is not a little price. Bitcoin is more strong crypto in the crypto world but reaching $500k for Bitcoin is so hard in three year. It can be reached on $30k.

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November 10, 2017, 05:14:25 PM
 #209

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
I think it is not possible. We can predict anything but all our prediction is not correct. $500k is not a little price. Bitcoin is more strong crypto in the crypto world but reaching $500k for Bitcoin is so hard in three year. It can be reached on $30k.
It is a pretty small price if you consider the sizes of the stock market and currencies in general.

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November 10, 2017, 07:29:29 PM
 #210

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
I think it is not possible. We can predict anything but all our prediction is not correct. $500k is not a little price. Bitcoin is more strong crypto in the crypto world but reaching $500k for Bitcoin is so hard in three year. It can be reached on $30k.
It is a pretty small price if you consider the sizes of the stock market and currencies in general.
if Bitcoin is advertised by such conversations, then when people hear forecasts about 500,000 dollars for Bitcoin, then the popularity of the crypto currency will increase so much that in reality demand can revive such a price.

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November 10, 2017, 09:41:31 PM
 #211

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
I think it is not possible. We can predict anything but all our prediction is not correct. $500k is not a little price. Bitcoin is more strong crypto in the crypto world but reaching $500k for Bitcoin is so hard in three year. It can be reached on $30k.
It is a pretty small price if you consider the sizes of the stock market and currencies in general.
if Bitcoin is advertised by such conversations, then when people hear forecasts about 500,000 dollars for Bitcoin, then the popularity of the crypto currency will increase so much that in reality demand can revive such a price.
There are many use cases that make Bitcoin superior to existing markets, which could raise the price to such levels without people even seeing those types of forecasts.

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November 10, 2017, 09:52:00 PM
 #212

%0.000001 chance to hit 500k in three years. But there is %10 chance to hit 100k in next three years. And i will bet on %10 and hodl my coins

At least there is chance right?  Cheesy As long as bitcoin will hit $10,000 for the next year and even higher for the consecutive years that does matter to me. I'm good already with bitcoin at $10,000 and I'm not going to expect more so if the price gets higher and reaches beyond $10,000 that's a jackpot for me. And if the price didn't reached more than $10,000 and that won't hurt me well either.

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November 10, 2017, 09:56:37 PM
 #213

%0.000001 chance to hit 500k in three years. But there is %10 chance to hit 100k in next three years. And i will bet on %10 and hodl my coins

At least there is chance right?  Cheesy As long as bitcoin will hit $10,000 for the next year and even higher for the consecutive years that does matter to me. I'm good already with bitcoin at $10,000 and I'm not going to expect more so if the price gets higher and reaches beyond $10,000 that's a jackpot for me. And if the price didn't reached more than $10,000 and that won't hurt me well either.
Just be careful with Bitcoin forking left and right. It might end up dropping instead of rising depending on how things play out. I doubt it will, but it's always best to be prepared for the worst.

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November 10, 2017, 10:28:52 PM
 #214

Why not? The bitcoin economy is just in an initial stage. Practically the road is free of pitfalls and it is only a matter of time for citizens and businesses to realize the convenience of approaching Bitcoin as an efficient way to carry out their finances. I have no doubt that once a consensus is reached among the community regarding the future of bitcoin, we will see the price reach five digits in 2020.

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November 10, 2017, 10:40:26 PM
 #215

In my opinion, this very well could happen. But, bitcoin must be adopted by one of the big online retailers. Without it, btc is just pure speculation with very little real world application. The price is too heavily inflated by speculative holders.

If and when amazon/eBay or similar adopt btc, then we will see huge growth.

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November 10, 2017, 10:50:50 PM
 #216

In my opinion, this very well could happen. But, bitcoin must be adopted by one of the big online retailers. Without it, btc is just pure speculation with very little real world application. The price is too heavily inflated by speculative holders.

If and when amazon/eBay or similar adopt btc, then we will see huge growth.
Bitcoin can also just simply be used as an investment only currency. If it was the denominator of the altcoin market, just like fiat is the denominator for stocks, it would easily grow beyond 100k just based off of that alone.

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November 10, 2017, 10:51:48 PM
 #217

%0.000001 chance to hit 500k in three years. But there is %10 chance to hit 100k in next three years. And i will bet on %10 and hodl my coins

At least there is chance right?  Cheesy As long as bitcoin will hit $10,000 for the next year and even higher for the consecutive years that does matter to me. I'm good already with bitcoin at $10,000 and I'm not going to expect more so if the price gets higher and reaches beyond $10,000 that's a jackpot for me. And if the price didn't reached more than $10,000 and that won't hurt me well either.
Just be careful with Bitcoin forking left and right. It might end up dropping instead of rising depending on how things play out. I doubt it will, but it's always best to be prepared for the worst.
Expect those forks will come but for now let's assume a good guess for the dip that's happening right now. Preparation will make us ready on whatever will happen and I'm into it, I'm not saying that I can take if the price of bitcoin will be dipping too much but I'm more prepared of it's rise. Let's don't think that way but let's prepare for the best not for worst.

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November 10, 2017, 10:53:29 PM
 #218

%0.000001 chance to hit 500k in three years. But there is %10 chance to hit 100k in next three years. And i will bet on %10 and hodl my coins

At least there is chance right?  Cheesy As long as bitcoin will hit $10,000 for the next year and even higher for the consecutive years that does matter to me. I'm good already with bitcoin at $10,000 and I'm not going to expect more so if the price gets higher and reaches beyond $10,000 that's a jackpot for me. And if the price didn't reached more than $10,000 and that won't hurt me well either.
Just be careful with Bitcoin forking left and right. It might end up dropping instead of rising depending on how things play out. I doubt it will, but it's always best to be prepared for the worst.
Expect those forks will come but for now let's assume a good guess for the dip that's happening right now. Preparation will make us ready on whatever will happen and I'm into it, I'm not saying that I can take if the price of bitcoin will be dipping too much but I'm more prepared of it's rise. Let's don't think that way but let's prepare for the best not for worst.
Nah, always prepare for the worst. That way nothing will ever stop you. If the best happens that's great, but you're still prepared for when it doesn't.

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November 10, 2017, 11:08:54 PM
 #219

In my opinion, this very well could happen. But, bitcoin must be adopted by one of the big online retailers. Without it, btc is just pure speculation with very little real world application. The price is too heavily inflated by speculative holders.

If and when amazon/eBay or similar adopt btc, then we will see huge growth.
Bitcoin can also just simply be used as an investment only currency. If it was the denominator of the altcoin market, just like fiat is the denominator for stocks, it would easily grow beyond 100k just based off of that alone.
Yes bitcoin most use as investment because more users see its chance of the price to grow and more likely everyone can easily get profit. This is also the reasons why many adopts its use so moreover bitcoin will rise high.

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November 10, 2017, 11:23:55 PM
 #220

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
Oh I think it is too early speculation for bitcoin. Yes we all know that bitcoin has a potential to reach that amount.
For me I think the best things that we can do is too wait and believe that someday bitcoin will be that sucessful in the future.
Bitcoin is a fast growing investment.
And BTC proved it many times.
It can grow 30% of its current value in two months especially it there is a huge demand of bitcoin in the market.
But $500,000 in August 2020?
I think it quiet big and hard for bitcoin to reach despite its a fast growing investment.

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