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Author Topic: Bitcoin $500,000 by 2020  (Read 2914 times)
Paulbounce
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November 27, 2017, 11:42:59 AM
 #1

Here`s an interesting article.

www.cryptmarkets.com/blog/post/if-you-bought-5-dollars-of-bitcoin-7-years-ago-x3?trkid=705969326C3753473336544B37415A496651715873515F33445F3344&set=1&imte=3c

Thoughts please.
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bluejam
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November 27, 2017, 11:59:19 AM
 #2

Anything is possible tbh. Although 500k per BTC would require a ton of investment first. At some point people should realize that some altcoins offer a lot more than BTC...
Luckym7
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November 27, 2017, 12:01:03 PM
 #3

I think it is possible to hit bitcoin around $5000000 in 2020

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November 27, 2017, 12:04:02 PM
 #4

Bitcoin is very volatile so there are no such thing for bitcoin's price to be impossible though there are some limitations there. I think bitcoin reaching that huge price will be really something that people can never imagine.

And I think that time, bitcoin is accepted. not only accepted but used by most of the countries all around the world.

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tree1100hn
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November 27, 2017, 12:22:00 PM
 #5

the price of s really reaches 500,000 US dollars, it means that BTC is accepted by more than 99% of the countries like gold in the world. Therefore, looking forward to seeing by 2020 whether BTC will be universal at that time Of the country, and more precious than the current diamonds.

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November 27, 2017, 12:26:07 PM
 #6

If majority of the people would tend to accept bitcoin as way of their payment for their bills and other things, also majority would see the benefit of investing and the returns on bitcoin in might reached that level of price by 2020 or as early as that. Anything can happen in that period so we'll just have to wait and see the price movement of bitcoin by the end of the year before we jump onto our conclusion.

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KeenHero
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November 27, 2017, 12:26:30 PM
 #7

bitcoin is a bubble it will fail. it has 0 usability it has 0 scale. the sad thurth is the 10% who helds a ton of coins will sell with profit and the 90% will suffer and bitcoin is death Cheesy
Paulbounce
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November 27, 2017, 12:37:23 PM
 #8

bitcoin is a bubble it will fail. it has 0 usability it has 0 scale. the sad thurth is the 10% who helds a ton of coins will sell with profit and the 90% will suffer and bitcoin is death Cheesy

Heheh ~ People said the same thing in 2009 KH. Tell that to someone who spent 5 bucks back then, and now has on 4 or 5 million in the bank  Wink
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November 27, 2017, 12:39:08 PM
 #9

I'm not surprised by anything, crypto currency is something fantastic. Thanks you can raise the whole state. Do not be afraid to take risks and invest in them, good luck.
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November 27, 2017, 12:40:03 PM
 #10

The way bitcoin increasing price day by day i am sure this is going to hit 50k in 2020.

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November 27, 2017, 12:52:11 PM
 #11

That is a nonsense if I do not want to say it is illusory, although no one is dreaming taxes but I think the numbers should be feasible.
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November 27, 2017, 12:55:02 PM
 #12

If bitcoin will be use by majority of the people around the world and NO ONE will ban bitcoin, then there is a chance that it will go high but not at that price. For me I think that is too high to reach. It will need many many investors to reach that price.

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November 27, 2017, 12:57:53 PM
 #13

I think that projection is too high.  As bitcoin is so volatile and has limitations, the current performance is something we in the community should be happy.  Just hold some btc and hope for the best.

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November 27, 2017, 12:58:54 PM
 #14

If BTC price will be 500k, then BTC capitalization should be be 10 500 000 000 000 $  Shocked (21mln BTC * price)
But a lot of BTC are/will be lost. ~12 mln BTC will be available in future. It`s just my opinion.
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November 27, 2017, 01:07:12 PM
 #15

by that time we must have seen different fork of bitcoin like bitcoin silver, bitcoin diamond, bitcoin bronze and bitcoin transition elements Grin. well i hope bitcoin is sustained before that time because the coin is already creating alot of headaches for haters and they will be looking for way to shut it down. which means internet will also be shutdown as well. 2020 is 3 year from now. if it takes bitcoin to reach almost $10k in 8 years i do not think the coin will reach $500,000 by 2020. the person that wrote the article is taking a leap of faith.

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November 27, 2017, 01:07:49 PM
 #16



Its fantastic
shahead720
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November 27, 2017, 01:21:00 PM
 #17

During this time this project(Bitcoin) price increasing day by day.thats really amazing.
But that means not easy to reach $500,000 in 2020(me think).
If that will be able(by recent popularity) to reach,it will a great chellange .
Finally, wish the best for this probably mission .
Good luck!!!
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November 27, 2017, 01:24:40 PM
 #18

with the rate that bitcoin is going, i think it is possible to hit $500000 in 2020. Remember that in 1yr, bitcoin has done x12, imagine it does that for the next 3years. Also remember that more and more people know about bitcoin everyday.
Denker
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November 27, 2017, 01:26:05 PM
 #19


Nah that's insane! Even $100k in 3 years would an outstanding performance.
On the other hand we've never seen something like that before and high price levels may be possible, at least for a short amount of time. I expect definitely a 6-12 months bear phase within the next 3 years. So no price rise, just retracing and consolidation during that period, whatever the top of the actual run will be. Therefore $500k is very unlikely to happen imo. But this price level is possible! Just not in that very short timeframe of 3 years.
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November 27, 2017, 01:38:33 PM
 #20

by that time we must have seen different fork of bitcoin like bitcoin silver, bitcoin diamond, bitcoin bronze and bitcoin transition elements Grin. well i hope bitcoin is sustained before that time because the coin is already creating alot of headaches for haters and they will be looking for way to shut it down. which means internet will also be shutdown as well. 2020 is 3 year from now. if it takes bitcoin to reach almost $10k in 8 years i do not think the coin will reach $500,000 by 2020. the person that wrote the article is taking a leap of faith.
That is a very large nominal and it seems unlikely to happen. It is not a rational nominal because the price is too high it seems impossible to happen. I might just be speculating that Bitcoin's price will increase 100% annually, Bitcoin's price has reached 10,000USD and it is likely that Bitcoin's price will reach 30,000USD by the end of 2020. Bitcoin is very difficult to predict, but I still believe the rates are optional which is very possible to happen.
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