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Author Topic: Will Bitcoin rise to $500k in three years?  (Read 4717 times)
Question123
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November 10, 2017, 11:31:21 PM
 #221

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.
even you wait few years or 1 decade for sure bitcoin will not reach 500, 000 dollars . Bitcoin for sure will increase more in the future and it will become successful because for sure many investor will invesy to this coin.

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November 11, 2017, 08:31:59 AM
 #222

%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.
I'm optimistic when it comes to the bitcoin speculation I don't want to hurt myself and I don't want to expect too much too. But you have the point, most of us should always prepare for the worst but if I'm not expecting anything like that on this time. We've been through a lot of increases and even $1,000 before does fit us already and now we are going through a lot of dips and as well as pumps.

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November 11, 2017, 08:50:10 AM
 #223

if you happen that very luck with the holder of it. if you happen again this large can help its community possible smaller the population of poor if now just hide that they Bitcoin. but just one this rumor.

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November 11, 2017, 09:14:48 AM
 #224

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 but then bitcoin becomes the Ponzi scheme most people are afraid it is. If it only grows because new people are investing in btc, which benefits the earlier investors, that is the clear definition of a ponzi/pyramid scheme.

I really think that to take it to the next level, it’s needs to be wifey accepted. And I don’t mean with small, niche retailers. A western organisation/retailer needs to get on board, and in my opinion this needs to be done in the next 12 months. I think after that, unless there is a real and fundamental change, people will start to doubt bitcoin.

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November 11, 2017, 01:04:39 PM
 #225

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.

yeah agree,  500,000$ dollars in three years is pretty high and seems impossible for bitcoin to achieve that price and as you see based on its price history since 2009 till today 2017 the bitcoins value arent go overboard on its 8 years of existence though we see a really high price jump last week. overall i believe that bitcoin can still pump to 10,000 dollars going to 15,000 dollars by the next year.

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November 11, 2017, 03:47:16 PM
 #226

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.

yeah agree,  500,000$ dollars in three years is pretty high and seems impossible for bitcoin to achieve that price and as you see based on its price history since 2009 till today 2017 the bitcoins value arent go overboard on its 8 years of existence though we see a really high price jump last week. overall i believe that bitcoin can still pump to 10,000 dollars going to 15,000 dollars by the next year.
depand on bitcoin's price in 2014 , the price only 500-600$ but look at now , 6000+ 7000+$ , so how do you think impossible?

impossible is nothing as nike said , we are all looking forward .

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November 11, 2017, 04:00:48 PM
 #227

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.

yeah agree,  500,000$ dollars in three years is pretty high and seems impossible for bitcoin to achieve that price and as you see based on its price history since 2009 till today 2017 the bitcoins value arent go overboard on its 8 years of existence though we see a really high price jump last week. overall i believe that bitcoin can still pump to 10,000 dollars going to 15,000 dollars by the next year.
depand on bitcoin's price in 2014 , the price only 500-600$ but look at now , 6000+ 7000+$ , so how do you think impossible?

impossible is nothing as nike said , we are all looking forward .
Bitcoin went from roughly $500 to more than $7000 in 3 years and it could go up 10x or 20x from $7000 in next 3 years. I do not think $500,000 but $100,000 ok.

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November 11, 2017, 06:22:50 PM
 #228

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.

yeah agree,  500,000$ dollars in three years is pretty high and seems impossible for bitcoin to achieve that price and as you see based on its price history since 2009 till today 2017 the bitcoins value arent go overboard on its 8 years of existence though we see a really high price jump last week. overall i believe that bitcoin can still pump to 10,000 dollars going to 15,000 dollars by the next year.
depand on bitcoin's price in 2014 , the price only 500-600$ but look at now , 6000+ 7000+$ , so how do you think impossible?

impossible is nothing as nike said , we are all looking forward .

I mean that's only 10x in 3 years in your example so 100x in the next 3 years already seems unlikely, especially given the fact that bitcoin cannot grow exponentially, one would assume that over time the growth would slow down so I think that 500k in 3 years time is really much too far.

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November 11, 2017, 07:39:06 PM
 #229

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 but then bitcoin becomes the Ponzi scheme most people are afraid it is. If it only grows because new people are investing in btc, which benefits the earlier investors, that is the clear definition of a ponzi/pyramid scheme.

I really think that to take it to the next level, it’s needs to be wifey accepted. And I don’t mean with small, niche retailers. A western organisation/retailer needs to get on board, and in my opinion this needs to be done in the next 12 months. I think after that, unless there is a real and fundamental change, people will start to doubt bitcoin.
There's nothing in my statement that makes Bitcoin in any way or form a ponzi scheme. By your definition of a ponzi literally the whole human economy is nothing more than a ponzi scheme.

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November 11, 2017, 08:04:24 PM
 #230

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

Did you already ask yourself about the opposite? Bitcoin can also fall down to 500$ till August 2020

It's still too volatile.
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November 11, 2017, 11:27:51 PM
 #231

I dont know why other people expecting to much with bitcoin . Because bitcoin will not reach 500k dollars even you will wait forever . I think the highest price of this coin is only 50k dollars and that happen after few many years or maybe 1 decade. So its better to buy bitcoin now with your extra money only.

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November 11, 2017, 11:40:45 PM
 #232

I dont know why other people expecting to much with bitcoin . Because bitcoin will not reach 500k dollars even you will wait forever . I think the highest price of this coin is only 50k dollars and that happen after few many years or maybe 1 decade. So its better to buy bitcoin now with your extra money only.
agree that speculation is too much , it was really impossible to happen because transaction fees will be very very expensive , maybe even a faucets can't afford to have a payout because of the fees. 50k is very reasonable and that's what I am waiting for before I could sell my coins !

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November 12, 2017, 12:00:09 AM
 #233

I dont know why other people expecting to much with bitcoin . Because bitcoin will not reach 500k dollars even you will wait forever . I think the highest price of this coin is only 50k dollars and that happen after few many years or maybe 1 decade. So its better to buy bitcoin now with your extra money only.
agree that speculation is too much , it was really impossible to happen because transaction fees will be very very expensive , maybe even a faucets can't afford to have a payout because of the fees. 50k is very reasonable and that's what I am waiting for before I could sell my coins !
Fees won't be an issue in the long haul because of upgrades. And $500k isn't really that much for Bitcoin once crypto starts approaching its true potential. If you believe $500k is "too much" or "impossible" you don't understand crypto.

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November 13, 2017, 03:28:09 AM
 #234

How can bitcoin reach $500k in three years? Bitcoin will continue to increase but not in a short time to reach $500k, all need a process to get satisfactory results. My prediction in three years bitcoin will reach $50k.
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November 13, 2017, 05:35:53 AM
 #235

If they would find a way to make it happen then the Big companies like Macfee have the capabilities to do so. But only in that way right now it's not yet within reached because the price of bitcoin is playing around 6,000 US dollars so if we make a gap analysis if it's achievable within 3 years for the price of bitcoin to go about as high as 500,000 US dollars is not yet there due to lot of factors to consider like the government are not accepting bitcoin as currency of the country although they are letting it be. Also many people are not yet aware of bitcoin yet. But regardless if this comes to happen then it will be a bonus for all of us waiting to sell bitcoin at a high price.

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November 13, 2017, 05:45:10 AM
 #236

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?
Well, despite the fact that I do believe that by this time 2020 bitcoin will increase in value and market capitalisation, I don't believe it will ever reach $500,000 by 2020 and not even in five years to come. I think that the prediction or speculation is too high that the probability of bitcoin reaching that is almost zero or may not be achieve by 2020.

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November 13, 2017, 07:27:45 AM
 #237

I do not think so. Price is already high compared to what it used to be, but to be even higher, it will take time. By 2020 my forecast of the day is about 25 000$, not more. That is the level of certainity. It could go higher, and probably will, but as of today, any price prediction above this is just a random number thrown in the discussion.

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November 13, 2017, 07:39:17 AM
 #238

That's ridiculous. There are many things that could happen and I think bitcoin will have a difficult pathway just to reach $100k first.
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November 13, 2017, 07:56:41 AM
 #239

That's ridiculous. There are many things that could happen and I think bitcoin will have a difficult pathway just to reach $100k first.

That is true, but I think it is possible. It would take a whole lot of effort for bitcoins to even reach beyond $10,000 but I think once it reaches $100,000 then it would just grow exponentially to reach $500,000 in just a shorter time frame than it took to reach $100,000. Like how bitcoin prices grew from $800 just this year, it has already exponentially grew from that price. At the start of the year, I was even skeptical if ever it would reach $2,000. But bitcoins defeated all expectations!

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November 13, 2017, 08:02:00 AM
 #240

That's ridiculous. There are many things that could happen and I think bitcoin will have a difficult pathway just to reach $100k first.

That is true, but I think it is possible. It would take a whole lot of effort for bitcoins to even reach beyond $10,000 but I think once it reaches $100,000 then it would just grow exponentially to reach $500,000 in just a shorter time frame than it took to reach $100,000. Like how bitcoin prices grew from $800 just this year, it has already exponentially grew from that price. At the start of the year, I was even skeptical if ever it would reach $2,000. But bitcoins defeated all expectations!
A lot lot lot lot of money will be needed to be pumped into it to make it reach $500K. Though by some chance if it reaches there, just imagine the market cap of the cryptos. As with rise in value of btc, the altcoins will rise too. This amount of money can only be pumped if the government starts supporting it and doesn't give cryptos a bad name like it is right now giving. Banks will also play a major part in bringing it up to this level. Also, the tx fee will be needed to be lowered and we'll again need some hard forks and major changes in the code. So, there is a long long way to go and 3 years is a short time for so much change.
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