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Author Topic: Bitcoin $500,000 by 2020  (Read 2914 times)
poletando
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November 27, 2017, 01:39:37 PM
 #21

maybe if the demand of bitcoin increasing and still increasing maybe the price of bitcoin will rising up to, so makes bitcoin popular and bitcoin price will high too, i dont know about the future about bitcoin but i think that bitcoin is the great digital currencies right now

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November 27, 2017, 01:43:02 PM
 #22

I think this will soon come to fruition because of the increasing demand for Bitcoin and we will see the great development of Bitcoin. In the future people should save Bitcoin more because Bitcoin will be the best investment in the future

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November 27, 2017, 01:44:28 PM
 #23

Its possible because when I see this big interest of people about bitcoin it's not impossible to reach to this price.
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November 27, 2017, 01:45:39 PM
 #24

if I see from the current market price that keeps increasing from day to day then I have the conclusion that it will happen in 2020, but it is only opinion which not necessarily truth. so we should still see and accept what will happen next.

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November 27, 2017, 01:46:09 PM
 #25

It is a bit possible but only a small probability for that to happen. But a lot of new investment is needed in order to bring the price that high.

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November 27, 2017, 01:49:09 PM
 #26

I don't really think so. Bitcoin would be really expensive if it will be priced at 500000 USD. So I think it won't happen within just three years since we all know that bitcoin is volatile so there'll be interuptions on the increase of its market value that will make it hard for Bitcoin's price to grow that much in a short period of time.

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November 27, 2017, 02:00:41 PM
 #27

Wow! Thats Like 25M in our country and I can Buy a mansion, some sports car, and Girls(maybe). But to think of it that at year 2020, the value of bitcoin would reach this numbers is really possible, as of now it is Increasing still, and ITs very volatile. Its true that its impossible in some parts, but there is no shame on Hoping for the Best and there are ways for it to reach that value.

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November 27, 2017, 02:01:37 PM
 #28

in crypto market no one can predict..anything can happen.

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November 27, 2017, 02:03:49 PM
 #29


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.

Insane is the best word describing bitcoin. Didn't you see bitcoin was $850 in march 2017 and it became $10,000 in november 2017?

This is almost 12x growth in only 8 months. Do you think bitcoin can't make other surprises in the future? It will make for sure.
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November 27, 2017, 02:13:37 PM
 #30

I was sceptical about the growth of Bitcoin in 6 digits especially in the next 3 to 5 years but considering the recent rapid boost and world's positive response to Bitcoin, I think at least $100,000 is definitely possible if there is no legal negative move from the governments around the world. The utility value of Bitcoin is increasing day by day and we will start using it to pay for actual goods and services without converting it into fiat currencies and speculation activities will reduce according to the fall in price volatility.

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November 27, 2017, 02:19:04 PM
 #31

well, with all the other cryptocurrencies (such as ether, for instance), i don't think it is possible. although, no one can predict anything precisely Smiley)
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November 27, 2017, 02:20:47 PM
 #32

I think it is possible to hit bitcoin around $5000000 in 2020
We can not accurately estimate the Bitcoin price from year to year. Because money is on the internet because the virtual currency is not issued by the central bank, which I know I just follow the price up and down on every month.
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November 27, 2017, 02:24:13 PM
 #33

anything can happen, see now bitcoin price is above.
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November 27, 2017, 02:27:32 PM
 #34

I was sceptical about the growth of Bitcoin in 6 digits especially in the next 3 to 5 years but considering the recent rapid boost and world's positive response to Bitcoin, I think at least $100,000 is definitely possible if there is no legal negative move from the governments around the world. The utility value of Bitcoin is increasing day by day and we will start using it to pay for actual goods and services without converting it into fiat currencies and speculation activities will reduce according to the fall in price volatility.

Your expectation on bitcoin will be possible not as soon as you expected to done in the chart. If there upcoming adoption rate high numbers we can expect the bitcoin to find the bumps more and more like how we see in this year.
You might noticed the time when the China and korean government banned the bitcoin. We found the bitcoin price dumped and it takes around 1 or 2 months recover from that issue. Please wait around 8 to 10 years to find the expected price and almost all the people will accept bitcoin legally to purchase the products.

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November 27, 2017, 02:32:34 PM
 #35

we don't know what exactly the price of bitcoin in 2020 its hard to predict, $500,000 that's so far to reach that price I don't think year 2020 will hit that price but maybe around $20,000 to $50,000.

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November 27, 2017, 02:35:28 PM
 #36

In one year the price rose with 800% {that is a BIG achievement} Let's say this will happen for the next 3 years until 2020.... then we will have a

price of $72 000 for 2018 and $576 000 for year 2019 and finally $4 608 000 for year 2020. This is not achievable at all at the current growth

rate. So $500 000 per bitcoin sounds impossible, but it is not too far fetched.  Huh {hope my math is correct}  Roll Eyes

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November 27, 2017, 02:52:01 PM
 #37

Anything is possible in those crypto markets. But 500k doesnt sound possible to me. I would never bet on such a huge rise, but maybe Im too pessimistic, I would also never have thought that we could touch 10k by the end of this year, so...

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November 27, 2017, 02:53:59 PM
 #38

I think $500.000 for 3 years is too high,I not really sure bitcoin can reach $500.000.. but if bitcoin can reach until $500k, I must become a successful person because of bitcoin..

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November 27, 2017, 03:01:37 PM
 #39

Although bitcoin is the most valuable and best known digital currency, its impossible to reach $500,000 within 3 years. 
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November 27, 2017, 03:04:42 PM
 #40

no one can predict what will happen in the future. But it is fact that the total market cap of crypto is very, very low compared to fiat money. Therefore we can say for sure that the price will rise but no one can say if we will ever reach 500k.

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