Bitcoin will surpass $500,000 by the end of 2018

[ir.hn]

Since China shut down exchanges bitcoin has been growing at a rate of 1% per day.  This is because lets estimate at least 5 million coins are stuck in china and can't be traded so the overall tradeable supply of bitcoin is much less than it was before september 30th.  Less supply means increase in price.

Bitcoin will continue an average growth of 1% per day until the world runs out of money or china reopens exchanges and a massive dump occurs.  The equation is:

starting value x (1.01)^(# of days in the future)

Once bitcoin hits 1 million it will stall, this is because the world will literally run out of money.  At this point china will launch the cryptoyuan and allow people to trade bitcoin for it.  Then when the chinese government gets all its people's bitcoin, it will dump them on the open market and attempt to make 5 trillion dollars and pay off their national debt.

[1715658086]

1715658086

[Headachez]

I dont even know where to start.

[SakinaPrincess]

Its way too muchy asking for 2018. I think 40K will be a good price for 2018.

[senin]

This argument is very approximate and not specific. The Chinese, I think they would have found ways to get their bitkoy on the market if they wanted to. I think reducing the bitcoat supplies to the market is not a serious reason for the recent growth of the bitcoin rate. Therefore, such a strong growth in his rate, right up to $ 500,000 before the end of next year, can not even be theoretically. The course bikkoyna next year can rise to about 40 000 dollars. This would be a good course for him in 2018.

[CryptoBry]

This argument is very approximate and not specific. The Chinese, I think they would have found ways to get their bitkoy on the market if they wanted to. I think reducing the bitcoat supplies to the market is not a serious reason for the recent growth of the bitcoin rate. Therefore, such a strong growth in his rate, right up to $ 500,000 before the end of next year, can not even be theoretically. The course bikkoyna next year can rise to about 40 000 dollars. This would be a good course for him in 2018.

The original post above is assuming that Chinese owners of Bitcoin can be so dumb so as not able to find ways to sell their Bitcoin to the market...as if they can't go to Hong Kong where Bitcoin is not banned. The fact is that Chinese are known to be very creative people they survived so many mishaps in the past and they already learned to be tough and survive...the Bitcoin ban is nothing to them that is why there are now many Chinese who are already abroad where they can freely involved with cryptocurrency away from the prying (or should I say frying?) of the government. as to Bitcoin reaching $500K end of 2018, that can be a very optimistic kind of prediction and it remains to be seen if that can indeed come true but don't get me wrong I would not be sad if it will.

[globalking]

hopefully, it should surpass $500,000 the demand for bitcoin is very high it will happen sooner or later but it will happen for sure.

[HeRetiK]

Since China shut down exchanges bitcoin has been growing at a rate of 1% per day.  This is because lets estimate at least 5 million coins are stuck in china and can't be traded so the overall tradeable supply of bitcoin is much less than it was before september 30th.  Less supply means increase in price.

1) 5,000,000 coins is a very haphazard estimate and seems to be vastly beyond what the Chinese really hold. The current total circulating supply is at 16,700,000 coins of which most (about 12,000,000?) have been mined before China entered the mining market in earnest. Even then it took Chinese miners still 1-2 years until they reached today's dominance.

2) What makes you think that these coins can't be traded and are stuck in China? How do you believe Chinese mining farms are able to finance their ongoing operation?

[...]

Once bitcoin hits 1 million it will stall, this is because the world will literally run out of money.

As long as the world runs on fiat it will literally never run out of money.

At this point china will launch the cryptoyuan and allow people to trade bitcoin for it.  Then when the chinese government gets all its people's bitcoin, it will dump them on the open market and attempt to make 5 trillion dollars and pay off their national debt.

After 2016 this wouldn't even faze me.

[piloder]

Bitcoin can't reach $1 million per coin for sure within next few decades but if it will remain alive or in limelight than it can surpass that level after all bitcoin will be mined.

Also $500,000 by end of 2018 is just a over speculation. I think $50k around will be new ATH price for 2018.

[superjeyy]

$500,000 is a lot! I don't think it's possible knowing how the rates of Bitcoin has gradually slowed down over the past few days. We're still also on the range of ten thousands and not even hundred thousands when it comes to the rate of Bitcoins. It's volatility may be so dense if we're going to reach this rate, but I really think it wouldn't be possible by the end of next year.. or it may be. Right now, it's too early to say. It's hard to keep track of  or even predict how volatile Bitcoin can be.

[legend2017]

Well, of course your prediction is correct. I do not understand how people can refer to various events saying that there will be such a huge rise. I wonder if bitcoin was still at the level of 3k, too, they said that he would rise so much. The main thing about alts such forecasts is not.

[btcone111]

I really hope we don't go parabolic for too long / too much.
Steady and healthy linear price growth is the best for long term stability and adoption.

[ReLieD]

Like if you use complete maths and not the actual value of the currency then estimations say :-
In the year 2016 November ,, 1 Bitcoin was around 700 USD . The next year , that is 2017 , 1 Bitcoin was worth 14,000 ( approximated for easier calculation). This basically says that Bitcoin grew up to 20 times it's initial value in one year. So this means by the end of 2018 it should become 20 times the current value. This means by the end of 2018 the price of 1 BTC will be around $280,000 . This estimation was just based on common maths . But if you take the value of that number then it's just massive and huge !

[RealPhotoshoper]

Bitcoin can't reach $1 million per coin for sure within next few decades but if it will remain alive or in limelight than it can surpass that level after all bitcoin will be mined.

Also $500,000 by end of 2018 is just a over speculation. I think $50k around will be new ATH price for 2018.

Delusional! $500k within few weeks is of course not realistic with that random data.
Even $50k i will say it is hard , bitcoin even struggle to comeback to $17,500 and $18,000 how you can say something like that.
Let's be realistic , close this year with $19,000 is a gift , close this year with $50,000 it is miracle!

[AK47-]

This is way too generalized approach. Bitcoin almost went 17x-19x this year from $1000 in start of the year. I expect a maximum of 10x growth of Bitcoin in 2018 from $17000-$19000. With this logic price can almost touch $190k. But I don't believe it will go more than that even if the demand increases as $500k per bitcoin accounts for the marketcap of $8 trillion and that is not a joke. It is impossible to be touched in a year.

[magneto]

Since China shut down exchanges bitcoin has been growing at a rate of 1% per day.  This is because lets estimate at least 5 million coins are stuck in china and can't be traded so the overall tradeable supply of bitcoin is much less than it was before september 30th.  Less supply means increase in price.

Bitcoin will continue an average growth of 1% per day until the world runs out of money or china reopens exchanges and a massive dump occurs.  The equation is:

starting value x (1.01)^(# of days in the future)

Once bitcoin hits 1 million it will stall, this is because the world will literally run out of money.  At this point china will launch the cryptoyuan and allow people to trade bitcoin for it.  Then when the chinese government gets all its people's bitcoin, it will dump them on the open market and attempt to make 5 trillion dollars and pay off their national debt.

That's complete horseshit. 1% is ponzi returns and can't be sustained. Even if bitcoin does continue to go up throughout the year 2018 it's not going to go up 1% per day, it'll slow down dramatically because there is just a limit to how much money people will be willing to pour into cryptos. I personally think that the cap is set at around $100k, maximum, at the best case scenario.

Talking about $500k or $1 million is just not going to happen, and is what john mcafee is preaching.

Plus Chinese bitcoins are not just stuck there. If you haven't realised, there is such thing as p2p trading in china and i'm sure a lot of people have offshore accounts and all that. Don't worry - if they want to cash out, they'll find a way to and they've already done so and price is relatively unaffected.

[Lancusters]

Bitcoin can't reach $1 million per coin for sure within next few decades but if it will remain alive or in limelight than it can surpass that level after all bitcoin will be mined.

Also $500,000 by end of 2018 is just a over speculation. I think $50k around will be new ATH price for 2018.

Delusional! $500k within few weeks is of course not realistic with that random data.
Even $50k i will say it is hard , bitcoin even struggle to comeback to $17,500 and $18,000 how you can say something like that.
Let's be realistic , close this year with $19,000 is a gift , close this year with $50,000 it is miracle!

Yesterday, the eth began to fall. It may be that the reason that people sell their coins and buy bitcoin. If this happens we will see a short-term surge in prices. This may be 19-20K dollars. But then I agree that the end of the year we will meet with about 18-19K$. Bitcoin champion of the year. I hope that the next year will be even better.

[Aurel577]

I will sell you mine for $400,000 right now and you can make a profit

[Denker]

I really hope we don't go parabolic for too long / too much.
Steady and healthy linear price growth is the best for long term stability and adoption.

Bitcoin isn't a stock or any other traditional asset class.
This is a completely new beast the world has never ever seen before.
Bitcoin is a technology, a protocol, store of value, medium of exchange and in far future maybe also a currency ones the price starts to stabilize.
What you may call a bubble due to parabolic rise, could be the beginning of real exponentail growth in terms of technology s-curve adoption!
Were the smartphone sales back in the early days a bubble? No this was exponential growth!
What email adoption in the 90s? Bubble? No!
Jesus guys do some research and learn what Bitcoin really is and try to understand what it's seven networks effects are, how they work and have an influence on BTC's value!

[LFC_Bitcoin]

I really hope we don't go parabolic for too long / too much.
Steady and healthy linear price growth is the best for long term stability and adoption.

Bitcoin isn't a stock or any other traditional asset class.
This is a completely new beast the world has never ever seen before.
Bitcoin is a technology, a protocol, store of value, medium of exchange and in far future maybe also a currency ones the price starts to stabilize.
What you may call a bubble due to parabolic rise, could be the beginning of real exponentail growth in terms of technology s-curve adoption!
Were the smartphone sales back in the early days a bubble? No this was exponential growth!
What email adoption in the 90s? Bubble? No!
Jesus guys do some research and learn what Bitcoin really is!

Great post Denker

[Niveus]

This year was very optimistic for the crypto currency market and I think most analysts believe that in the next years the price of crypto currency will grow rapidly. I'd really like that, but I'd rather keep my sanity.
I think if in 2018 the price of bitcoin reaches $ 100,000, it will be an excellent result