Bitcoin $500,000 by 2020

[Chris314]

If really bitcoin manages to takes place of fiat in term of currency (i.e. people use it as a currency to buy goods and services, and not only as an asset), then bitcoin price will raise to 500k$ in the next few years (maybe not 2020 however) for two reasons :
1) bitcoin is taking value
2) fiat are losing value
Meaning that the day bitcoin is worth 500k$, we won't be able to buy as much as we could with 500 k$ today because fiat prices will raise due to 2).

[bribed]

I definitely dont see that happening by 2020. I think Bitcoin has still a long way to go until we can see prices of this kind (if ever). Im excited for Bitcoin too, but I rather stay realistic than totally overhyped. I would be very surprised if we see $100.000 by 2020. Maybe we will also see $1.000 by that year?!

[wxa7115]

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...

Some altcoins offer different functionality than bitcoin but there are not many, so while the chances bitcoin reaches that amount of money by 2020 are very low I still think people are going to concentrate most of their money and efforts in bitcoin for a very long time only when bitcoin is more established in the mind of the people we are going to see altcoins finally develop and being adopted as well.

[Copulative]

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.

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.

Yes it is possible as the price of the bitcoin is rising in the market we can say that the price of the bitcoin in 2020 will be hit the high number 50,000 $. Also e are observing that people from the globe are making invest and trade in bitcoin which make the way easy for bitcoin to hit that price of the 50,000$ in 2020.

[Mainman08]

There are so many speculations that are coming out. Whether bitcoin can reach $500,000 or something. I think even if bitcoin will not reach that price. It is ok with us as long as it will not loose its value. Because anything can happen in the future.

[cybersofts]

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.

No doubt, the only problem with bitcoin currently is the higher transaction fee and very slow transaction speed. Once these issues are fixed bitcoin will continue its journey from where it stopped. And bitcoin Lightning Network is about to solve the bitcoin transaction problems because it will speed up the bitcoin transaction speed with zero transaction fee. Once the lightning network is fully implemented bitcoin is going back to the track to retain it title, the king of cryptocurrencies.

[gabmen]

I don't really think that bitcoin will make it to 500k in 2020, it first needs to rebound back to a support level and then it will be able to grow again.

One thing with btc, never say never. It may seem farfetched right now but bitcoin has showed us a lot of times in the past that it can surprise us. Some whales even believe that 2020 would see bitcoin hit 1million, however ridiculous that sounds like to most of us

[blockman]

I don't really think that bitcoin will make it to 500k in 2020, it first needs to rebound back to a support level and then it will be able to grow again.

If you don't think that bitcoin will make at $500,000 on 2020 then you are not the only who thinks this but we can't also speculate that it's impossible to happen. There are speculations before that doesn't even bother to predict that on 2017 bitcoin will reach $5,000 or $10,000 or even $15,000 - $19,000 but it did happened so if there will be surprises for this year we might see some good signs.

[1Referee]

Bitcoin’s dominance on cryptos is as low as %33. Big rocket is coming...

Correction, Bitcoin's market cap dominance. Let me tell you something, it will keep dropping as long as altcoins get pumped while Bitcoin remains relatively stagnant within a certain range. People act like it's Bitcoin losing here, but it's just a normal reaction of the market. Money flows into that what is moving. In other words, altcoins are in the spotlights right now, which is why they are growing in market cap. Once Bitcoin is moving again, altcoins will start getting dumped to the ground, like what happened last year when Bitcoin was pumping.

[nominee]

Bitcoin’s dominance on cryptos is as low as %33. Big rocket is coming...

Correction, Bitcoin's market cap dominance. Let me tell you something, it will keep dropping as long as altcoins get pumped while Bitcoin remains relatively stagnant within a certain range. People act like it's Bitcoin losing here, but it's just a normal reaction of the market. Money flows into that what is moving. In other words, altcoins are in the spotlights right now, which is why they are growing in market cap. Once Bitcoin is moving again, altcoins will start getting dumped to the ground, like what happened last year when Bitcoin was pumping.

The portion of bitcoin share is low but it will try to make 50% next time. Once this happens, bitcoin's price will go to $30k or $35k points firstly. Watch it carefully now until february.

[carriebee]

Bitcoin’s dominance on cryptos is as low as %33. Big rocket is coming...

Correction, Bitcoin's market cap dominance. Let me tell you something, it will keep dropping as long as altcoins get pumped while Bitcoin remains relatively stagnant within a certain range. People act like it's Bitcoin losing here, but it's just a normal reaction of the market. Money flows into that what is moving. In other words, altcoins are in the spotlights right now, which is why they are growing in market cap. Once Bitcoin is moving again, altcoins will start getting dumped to the ground, like what happened last year when Bitcoin was pumping.

Yes once bitcoin will pump this month altcoin will starting to fall down its price. I think bitcoin price will soaring high this year, although we cannot predict the exact price of it. It happen that bitcoin starting to fall its price but I believe it will rise again. So there is a possibility it will hit at that amount.

[n0ne]

Bitcoin’s dominance on cryptos is as low as %33. Big rocket is coming...

Correction, Bitcoin's market cap dominance. Let me tell you something, it will keep dropping as long as altcoins get pumped while Bitcoin remains relatively stagnant within a certain range. People act like it's Bitcoin losing here, but it's just a normal reaction of the market. Money flows into that what is moving. In other words, altcoins are in the spotlights right now, which is why they are growing in market cap. Once Bitcoin is moving again, altcoins will start getting dumped to the ground, like what happened last year when Bitcoin was pumping.

Yes once bitcoin will pump this month altcoin will starting to fall down its price. I think bitcoin price will soaring high this year, although we cannot predict the exact price of it. It happen that bitcoin starting to fall its price but I believe it will rise again. So there is a possibility it will hit at that amount.

That is a misunderstanding, when bitcoin pumps high surely altcoins too will increase. As the price has been fluctuating high from the beginning of the year, people were into panic whether the price will grow high or not. In reality bitcoin is all about trust, and $500000 might look big when we think about the growth of the market.

[Fippy]

Half a million dollars? Forgive me, but i think that you are being very optimistic in there, it is not because i want to be rude against you, but just be realistic mate, that is a huge amount of money and bitcoin is going down everyday.. I do not think that it will touch that amount of money

[boyptc]

Half a million dollars? Forgive me, but i think that you are being very optimistic in there, it is not because i want to be rude against you, but just be realistic mate, that is a huge amount of money and bitcoin is going down everyday.. I do not think that it will touch that amount of money

You haven't knew it who said this and who's the guy that's very optimistic with this speculation? We can't buy on this speculation that bitcoin is possibly to go up at $500,000 on 2020 but who knows if that happens there will be too many people that are rich enough by that time. And the guy who told this before is John McAfee but that was changed now to $1M by that year.

[Dr.Osh]

I think bitcoin prices will indeed grow from year to year. does not rule out that bitcoin prices will reach $ 500.000 in a few years, because the development of the price can be in value so quickly. in other cases it is possible.

[blckhawk]

$500,000 per bitcoin is not impossible because cryptocurrency is unpredictable, hence we cannot foresight what is going to happen. Recently, bitcoin price is growing enormously each year because of the high demand. As the time passing by bitcoin becomes well-known around the world and the cryptocommunity is becoming larger. Therefore, bitcoin could become $500,000 or more because 2020 is still a long time.

[H0USE]

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.

It could be there by that time but we can't actually predict the price even after 1 year and you are talking about so long.With growing popularity and demand in bitcoin the prices every year are growing vigorously and almost 3000% price boost is not an ordinary surge.We hope that prices reach there by that time.

[removebeforeflight]

Certainly possible for bitcoin to reach $500,000 by 2020. Most nations not accepted bitcoin until now but this crypto has managed to touch $20,000. If all the nations accept transaction for bitcoin before 2020 it would sky rocket and thanks to Japan for their bold and confident move towards legalizing bitcoin in their country which is a milestone for all the cryptocurrency.

[DrGuns4Hands]

Bitcoin price became volatile this year but i hope $500,000 would be possible in 2020. Sure the expected price is high and it need a huge investment for that price to come true. Many people took and investment and by that the demand of bitcoin has rise.

[andylowe]

I think bitcoin prices will indeed grow from year to year. does not rule out that bitcoin prices will reach $ 500.000 in a few years, because the development of the price can be in value so quickly. in other cases it is possible.

I guess that's a very wide idea and you're right, bitcoin every year increased its value due to increasing demand. Maybe we can achieve that good price soon, but year 2020 was merely so early for that to happen because as of this moment bitcoin was fluctuating more times. Possible to happen for year 2020 is $40K and not more than that, and if again fluctuated value always present during those days due to more dumping because of profitable price.