Bitcoin for $1 Million !!! In ten years?

[vonnyaries]

it is the theory of the bitcoin, we dont know about the real things that happen in the future, maybe all people will leave bitcoin because there are new platform? or maybe bitcoin will reach $1Million less than 10 years because all people is using bitcoin in their country? we all dont know about future and we can't make a speculation. so from right now maybe we just need go with the flow

[cuteman]

Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:”



Cardano, which is currently ranked 8th on Coinmarketcap, has a market cap of around $3.5 billion. Charles Hoskinson was also one of the founding members of Ethereum (ETH), crypto startup Invictus Innovations, and crypto tech company IOHK.

When asked by a commentator what exactly the crypto community is building, Hoskinson answered “an entirely new world:”

[qualitywork]

it is the theory of the bitcoin, we dont know about the real things that happen in the future, maybe all people will leave bitcoin because there are new platform? or maybe bitcoin will reach $1Million less than 10 years because all people is using bitcoin in their country? we all dont know about future and we can't make a speculation. so from right now maybe we just need go with the flow

Yes i think the as there is no other alternative like bitcoin hence it will always remain on top.

[bakekang]

I think it will not reach to $1million anymore because of what is happening right now. I dont think if bitcoin will rise rapidly whaT happened last year. And because there is lot of negative news about btc that affects its value.

[drachman]

I think it will not reach to $1million anymore because of what is happening right now. I dont think if bitcoin will rise rapidly whaT happened last year. And because there is lot of negative news about btc that affects its value.

You are being too negative, it is right that right now these are very difficult times for bitcoin but this does not mean this is going to last forever, this is just a bad moment in the market, it is just a moment, but in the future the market will recover and a lot more than that and if you are not there to take advantage of the market someone else will.

[jadenunderhill]

Bitcoin for 10 cents in ten years. I'm sure everybode will be sure that it is worthless.. It is not a currency, it is nothing, just hype

[ethereumhunter]

I can say wow, I will make sure that I am waiting for that price and I will hold my bitcoin until I see that price. ten years is not too long and I am sure that many people will wait for this too especially for bitcoin user. $1 Million is a huge money that we can imagine and with only have 1 bitcoin, it means we are making a lot of money. I am sure that the market will recover so the price slowly will increase higher and higher although we are in the lower price right now and soon, everything will be back to normal.

[cuteman]

Jordan Belfort, better known as the “Wolf of Wall Street,” believes bitcoin’s demise is imminent.

Belfort said in a recent interview that bitcoin’s price struggles in 2018 signal the beginning of the end of the top-ranked cryptocurrency. He advised hodlers to get out now before the price completely crashes. “Everything is wrong with  BTC,” he said. “There’re too many fundamental flaws with it, and [the] bottom line is, get out if you don’t want to lose all your money.”

 

[cuteman]

Bitcoin for 10 cents in ten years. I'm sure everybode will be sure that it is worthless.. It is not a currency, it is nothing, just hype

A Goldman Sachs investor believes that ETFs could take the price of bitcoin to $35,000 per coin.

According to a cryptocurrency research group, the bitcoin price could increase to over $35,000 with the emergence of a bitcoin exchange-traded fund (ETF), which isn’t that far away.

Road to $35,000: Institutional investors or ETFs

Prominent investors including Ari Paul, the co-founder of BlockTower, a cryptocurrency hedge fund founded by former Goldman Sachs executive, have said that the next mid-term rally will likely be triggered by institutional investors potentially before the end of 2018.

Paul said that the last barrier preventing institutional investors from entering the cryptocurrency market is the lack of trusted custodianship and a suite of institutional cryptocurrency products. Upon the completion of Coinbase’s custodian solutions and the approval of digital asset companies to operate as custodians, institutional investors may enter the cryptocurrency market.

Paul said:

“Institutional money started trickling into cryptocurrency in mid 2017, but it’s been slower than many expected. That doesn’t mean it’s not coming. There are a lot of pieces that need to come together, one big piece being third party custody. Custody isn’t binary. It’s not like Coinbase custody will launch and suddenly every pension will throw $100 million into BTC. It takes time for custody solutions to gain trustworthiness. But, I think we’ll have solid third party custody by September of this year.”

The entrance of institutional investors into the cryptocurrency market isn’t the only way major digital assets like bitcoin can increase massively in value. The emergence of publicly tradable instruments like ETFs could also fuel the next rally, and researchers at IronWood believe that ETFs will be the fuel of the next mid-term rally.

Undoubtedly, the market is in amidst of a bad correction, in fact the third worst correction since 2014. The bitcoin price has fallen 65 percent from their all-time highs and retail investors have started to become more pessimistic in the short-term trend of the market.

But, as it did in 2010, 2014, and 2016, the market is seeing an accumulation period, during which companies start to build products and infrastructures that are necessary to fuel the next rally.

Michael Strutton, the CEO at IronWood, explained in a column that if an ETF is approved by the US Securities and Exchange Commission (SEC), anyone with a 401k, IRA, or an investment account with brokers like Fidelity and Ameriprise Financial can easily invest in the bitcoin market. Strutton noted that the result of a bitcoin ETF could be the price of BTC rising to at least $26,000 and below $44,000. He said:

“If ETFs add 24 million US investors and the upward momentum adds 14 million from the rest of the world, then that adds $84 billion and $336 billion, respectively, to the market cap. Over the past six months, Bitcoin’s market cap has swung from $326 to $110 billion. Adding $420 billion to the market cap could put Bitcoin price range from $26,000 to $44,000.”

State of ETFs
The Winklevoss twins, who currently oversee a major cryptocurrency exchange based in the US called Gemini, are working on their own exchange-traded fund (ETF) called Coin. SolidX, who had their ETF turned down by the SEC last year, has partnered with VanEck to increase its chances of being approved by the SEC.

Eric Balchunas, an ETF analyst at Bloomberg, said that a collaboration with VanEck, an ETF manager that oversees 70 ETFs and $45 billion, could pay off and drastically increase the probability of a bitcoin ETF being approved by the US government.

[iv4n]

Jordan Belfort, better known as the “Wolf of Wall Street,” believes bitcoin’s demise is imminent.

Belfort said in a recent interview that bitcoin’s price struggles in 2018 signal the beginning of the end of the top-ranked cryptocurrency. He advised hodlers to get out now before the price completely crashes. “Everything is wrong with  BTC,” he said. “There’re too many fundamental flaws with it, and [the] bottom line is, get out if you don’t want to lose all your money.”

 

In many other articles you can read about wall street is planning to enter in crypto, in the same time they are spreading fud because they wish to buy as many bitcoins they can at this low price. Conspiracy theories are everywhere around, news spinning is a normal thing but that makes harder for truth to reach people minds.
In what to believe? For sure not in the end of bitcoin! You can read similar articles from 5 years ago, people from wall street, from banks and investment sectors pronounced bitcoin dead so many times, and what happen? Most funny of them all is Soros, after so many years and so many article pointed against crypto this year he decided to enter in crypto market, Jordan Belfort will do the same, he is talking out the people from buying but in same time he is buying bitcoins. Be careful when you are selling bitcoins, maybe you will stay without good investment because of some wolf that mislead you, don't be a sheep.

[cuteman]

not encouraging news about crypto 

Travel Booking Giant Expedia Has Quietly Removed Bitcoin Payment Option

Major travel booking website Expedia.com recently stopped accepting Bitcoin (BTC) as a payment method for hotels or flights, Expedia told Cointelegraph June 27.

An Expedia spokesperson confirmed that the service “no longer accepts digital currency Bitcoin,” starting from June 10, 2018, apologizing for “any inconvenience this may cause.” The service did not comment on the cancellation either on social media or on its website.

Community members took to Reddit to express their contempt of the recent news, subsequently suggesting a number of alternatives to Expedia, such as CheapAir travel service, which started accepting Bitcoin for flights and hotel bookings in 2013.

Reddit user bowiestar noted that the majority of employees in the IT industry tend to get their salaries partly in crypto, implying that the service would eventually lose a part of its customers.

“Expedia.com, one of the largest sites to book flights/hotels on used to take Bitcoin for years... I went on there to look at flights and noticed they no longer accept it. Customer support said they stopped accepting it June 10… A lot of us in the tech industry get a portion of our salary in Bitcoin and it was really good to use Expedia for flights. I won’t be using them anymore!”

As Cointelegraph reported earlier this year, the extreme volatility of the crypto markets apparently does not scare industry insiders from taking part of their pay in crypto, with some even preferring to get their salaries entirely in Bitcoin.

[cuteman]

What will the Lightning Network do to the bitcoin price?    - Forbes explains:

Mass adoption of the Lightning Network would be one of the biggest changes to how bitcoin works in the real world since it was first conceived almost a decade ago.

On bitcoin forums many talk of the Lightning Network as though it will solve all of bitcoin's problems, making transactions quick, cheap and easy. One question few have asked is, if the Lightning Network grows into a widely used bitcoin modification, what it will do to the bitcoin price — something that is closely linked to miners' fees and transaction costs.
...
Bitcoin prices have risen along with use — as more people send, receive and mine bitcoin the price has risen. However, if a large volume of bitcoin transactions happen "off-chain" there will be a smaller reward for miners who, once the last bitcoin is created well into the next century will entirely depend on transaction fees for income.
...

The consensus appears to be: Despite a short term dip in miner fees and transaction costs, the increased adoption the Lightning Network could trigger would more than offset a reduction from smaller off-chain transactions  


https://www.forbes.com/sites/billybambrough/2018/07/06/bitcoins-lightning-network-could-play-havoc-with-the-bitcoin-price/#3a2ff3b47f1a

[cuteman]

from New York Post

"Bitcoin’s price rallied to over $6,600 yesterday, but it had been well under $6,000 last week. Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year. I use the term “worth” cautiously because bitcoin is really worth nothing since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud."

- Crudele first struck a controversy with his uninformed opinions on Bitcoin back in 2014. Four years later, he is still rehearsing the same bullshit.  


Dear NY Post, Bitcoin will outlive you!

Here is why The NY Post is wrong about Bitcoin’s imminent demise:


https://thenextweb.com/hardfork/2018/07/05/nypost-bitcoin/

[mindfly09]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

I expect the bitcoin price will hit $ 1M in the year of 2030,the chart shows three years earlier but anyways bitcoin will hit $ 1M in ten years.But anything can be possible in crypto currency so we have to keep alive the bitcoins by keep investing on them then the price will increase by more investors.

Maybe that is possible, because as of now as we see the history of the price every year it increases. So in ten years it reach up to $ 1 Million, besides that many more investors are invested in bitcoin that can make the prices at the highest.

[LuciferEveningStar]

I think it will not reach to $1million anymore because of what is happening right now. I dont think if bitcoin will rise rapidly whaT happened last year. And because there is lot of negative news about btc that affects its value.

You are being too negative, it is right that right now these are very difficult times for bitcoin but this does not mean this is going to last forever, this is just a bad moment in the market, it is just a moment, but in the future the market will recover and a lot more than that and if you are not there to take advantage of the market someone else will.

yes this person is just too negative, the price of bitcoins has already reached $20k dollars so there is still a chance for bitcoins to reach $1m dollar if people will just continue to invest today.

[cuteman]

"The first email was sent in 1971, but it took nearly three decades for the technology to become commonplace with a user-friendly interface in the form of hotmail," said eToro's UK managing director Iqbal Gandham.

"The first ever bitcoin transaction took place a little over eight years ago and today we are already seeing it begin to meet the requirements of everyday money. Given the speed of adoption, we believe that we could see Bitcoin and other cryptocurrencies on the high street within the decade. There are of course barriers to mainstream adoption, but they are far from insurmountable."
------------------------------------

Bitcoin and cryptocurrency have been handed huge support this morning from researchers at Imperial College London, who have said digital currencies are primed for mass adoption.

According to the paper — entitled "Cryptocurrencies: Overcoming Barriers to Trust and Adoption" — bitcoin and cryptocurrencies will hit the mainstream as a way of paying for goods and services within the next decade...


New Paper Reveals Massive Bitcoin Backing       - FORBES article:

https://www.forbes.com/sites/billybambrough/2018/07/09/new-paper-reveals-massive-bitcoin-backing/#23b27b105ead

[PalindromemordnilaP]

Crypto analysts and experts have different views on bitcoin's future as to its market cap and price. A 100$ USD for a decade is the common market value they speculate but for a million dollar value is something that is quite high but still can be possible if bitcoin will always continue to rise.

[ngacengan]

it seems that it could happen because from year to year bitcoin prices always go up and total supply bitcoin also thinning so make bitcoin more difficult to get so better have bitcoin at this time also because bitcoin at this time still easy to get.

[manismanja]

yes of course the bitcoin price could potentially be as expensive as bitcoin every year will be getting used up and it will be more difficult to get bitcoin so for now buy bitcoin while price is cheap.

[cuteman]

This technical indicator may show the world’s largest cryptocurrency is bucking a selling trend and gearing up for a price increase.

Divergence Analysis Inc.’s (DVAN) Buying and Selling Pressure Indicator may be signaling positive times ahead for Bitcoin after the currency lost more than half its value this year. The DVAN indicator -- a proprietary analysis charting the coin’s current price, trend line and ideal exit points -- suggests the selling trend that began May 14 could end shortly, giving way to a potential bull run.

Historically, data show that when the stop and trend lines cross, the price of Bitcoin may see a reverse in trajectory. The last time these lines met on April 13, the price of the coin surged almost 22 percent to more than $9,600 on May 4 from $7,903.

On Friday, the trend line crossed the exit point again, and the cryptocurrency rose almost 2 percent to $6,693 on Monday.