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

[DaMut]

let says 5 million coins stuck in there ?

what the hell with that ? they're not that dumb my friend.
from where you can say that thing my friend ?
you can find a lot of place to sell your coin off the market,or even you can sell it directly to other people.
plus they're not that stupid enough to miss this chance,
nobody will let this opportunity and they will find a way to make a trade or doing a trade for their own.
if you do some research you should find it that they're only banning their local exchanges and their citizen to make a trade in there.
which mean it's totally possible to make the trade out there and i believe the majority people will do that.
also other international exchanges did not forbid chinese people to do the trade in there.
at best they're only retricting some site or something like that.
totally banned it ? of course it will not happen and people will always find its way to do that.

also $500.000 is not a small matter,
sure enough,you're bolder than John McAfee.
 

[breedingsuccess]

This will be a fun thread to look back on by the end of 2018. I want to just log my thoughts here, so that I can come back a year & 2 weeks from now & see this post.

It's definitely possible that BTC could go to $500,000 by the end of 2018. Look at what people were saying at $1k..."I'll eat _______ if BTC goes to $10k by the end of 2017". Now we are at the end & it's nearly double that.

The thing is that only a small portion of the world's money is in BTC right now. As price continues to climb, more people go from "wtf is a bitcoin" or "It's a bubble", to "How do I buy some of that".

If price ends the year at something like $25,000, then that is only 20x for BTC to reach $500,000. I use the word only loosely, because currently in the cryptosphere you can say only 20x & people say "yeah, that's nothing".

[Bardman]

This will be a fun thread to look back on by the end of 2018. I want to just log my thoughts here, so that I can come back a year & 2 weeks from now & see this post.

It's definitely possible that BTC could go to $500,000 by the end of 2018. Look at what people were saying at $1k..."I'll eat _______ if BTC goes to $10k by the end of 2017". Now we are at the end & it's nearly double that.

The thing is that only a small portion of the world's money is in BTC right now. As price continues to climb, more people go from "wtf is a bitcoin" or "It's a bubble", to "How do I buy some of that".

If price ends the year at something like $25,000, then that is only 20x for BTC to reach $500,000. I use the word only loosely, because currently in the cryptosphere you can say only 20x & people say "yeah, that's nothing".

Price can only climb so high without actual support. All of this is speculation, demand will eventually not be there and whats left for bitcoin? Huge fees? Outdated technology (eventually)

[MoonJeina]

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.

These estimates have never been right in case of bitcoin . Last year , who thought bitcoin would be be at $18000 ?
The volatility would never let any estimates to be correct . Talking about bitcoin attaining "$500,000" , that seem a very unrealistic value at the present . The block chain is already struggling withe the growth , if possible and better solutions are found that might help to attain a good value in future . But still $50000 seems very huge for one year . That would be  like increase in the value by 1000 folds . Pretty unrealistic !!

[charlescoin]

It's way too soon for bitcoin to reach that price, perhaps it can hit $50k but certainly not $500k. That would require it to go way above and beyond what gold is valued at.

[grimoire5]

by the end of 2018 is still a year, 12 month to go there
i think something just like surpass $500,000 is possible but in low chance
what and where is the real demand here?
i just look at speculation from many people that hope someone will buy more after the moment he/she buy BTC so the price will keep increase...
but if it reach $500,000 so much people will happy
but we must keep curious about it, dont put everything in one bucket

[akram143]

Are you serious?$500K by end of 2018.It looks like impossible in one year but no one knows what will happen in crypto world so anything is possible.
I think bitcoin will reach $50K by end of 2018.

[bambazamba]

It's way too soon for bitcoin to reach that price, perhaps it can hit $50k but certainly not $500k. That would require it to go way above and beyond what gold is valued at.

Exactly, when price just starts running people try to think that bitcoin will never stop and face a correction or crash but things don't work like this in this system. Bitcoin is soaring now but for how long it will continue, things might be in the favor of bitcoin for now but future is unpredictable. Also, china has very less impact its only impact was creating a dip in the market and its over, people have move forward and things are independent of it and no one dumped their bitcoin they only shifted their work to another place.

[HatakeKakashi]

Today price of the bitcoin is already 17,000 dollars and I think it will continue to increase the price in the year of 2018 . But I hope the price of the bitckim become 30k to 40k dollars . But the price of the bitcoin become 500k dollars. Because even you wait few years it will not happen because that price is very high and I think the possible price of the bitcoin who will the highest is 50k or 100k dollars . But we don't know what actual price of the bitcoin maybr it will increase or it will decrease.

[beerlover]

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

I though at the beginning of this year that if bitcoin reaches $10,000, it would be a magnificent result and in fact, I will end up giving myself a huge treat with 1 bitcoin. Now, we have bitcoin setting a pace to probably $20,000 or even more and we are here still not expecting that anything can change in a split of a second ?

Awareness is increasing daily, people are getting to see bitcoin for what it really is and that is what is going to make bitcoin skyrocket even in coming year. I or no one cannot say where bitcoin what the value of bitcoin will end up as, but the truth is no one can know except for us all, to just keep seeing where it ends.

[jtipt]

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)

That is very weird logic combined with little maths. What has China's exchanges to do with the long term, IMO the closing of China's exchanges already did its affect on the price and I think that was it, why would it still affect the price unless they are to open back suddenly.

[timerland]

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)

That is very weird logic combined with little maths. What has China's exchanges to do with the long term, IMO the closing of China's exchanges already did its affect on the price and I think that was it, why would it still affect the price unless they are to open back suddenly.

Yeah definitely makes no sense whatsoever. Bitcoin isn't going to just going to continue climbing exponentially at 1% compound interest, bitcoin isn't a ponzi and you can't guarantee the returns that bitcoin will make on your investment.

The bubble could pop by the end of 2018 and we could be back to 4 figures, even.

Things are unpredictable. Don't try to predict something in 1+ years that you don't know for certain with weird thinking and logic. It won't work. Using your logic, 1 BTC would be worth trillions in just a few decades.

[TERA2]

I think we will be seeing a lot of $10K in 2018.

[Kemarit]

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.

One of the most absurd conspiracies about the Chinese bag holders. LOL. 5 Million stuck? Where the hell did you got that figure? Are you from PBoC or something. LOL. You still needed a lot of base knowledge on bitcoin. I suggest you go around the forum and educated yourself. You're even worst than John McAfee you predicted $1m in 2020. Realistically, bitcoin can't get to $500,000 at the end of the year. That's too much, a conservative estimate should be around $30,000-$50,000 for me. And I doubt that the Chinese bagholders are so dumb that they will just dump it just to pay their national debt. And NO, the world will not literally run out of money. Go back to economics class and try to understand how fiat runs.

[Gotomoon]

Are you serious?$500K by end of 2018.It looks like impossible in one year but no one knows what will happen in crypto world so anything is possible.
I think bitcoin will reach $50K by end of 2018.

Btc to $500k is huge amount we dont know yet if this will hit by the end of 2018. There are many things that will happen by that year. Well if this happen those hodlers well very be happy by earning big.

[eann014]

I don't think this is accurate. This too early to talk about since $500k is too far from the price today. Maybe we shouldn't think of this too early.

[KaliLinux]

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!

Its totally covered most of the important discussion about bitcoin. Really clear explanation which will definitely gives confident to new investors
Many people think and try to explain bitcoin as a stock market sort of thing which is not really like. Its a unique one as you said
I didn't hear that bubble point from any of us here but some economist and other stock market experts try to mean as bubble.
Yes i believe its a beginning to high value and advanced technology migration we are on. What if the government ban it due to decentralized concept. Not happened so far but some bad imagination strike my mind. Soon they will try to stop since the banks are against our own and separate platform which is not included banks anymore

[whirlcoin]

Well I think no, bitcoin maybe hit $40k to$60k by end of 2018.But I don't know why you said 500k we are still not in the stage of speaking about $500k.lets talk about $100k then we may go to $500k then $1M.

[coinplus]

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!

You just hit the nail straight on the head bro! It is really amazes me when everyone just keeps talking about a bubble, healthy rise, fast increase in price and all that. What is not healthy enough here. The long correction we recently had or the fake top that recently happened or the fact that bitcoin has broken the resistance and is on another bull run now.

I think what most people are not getting is that this is the future and those who are smart are beginning to see that while those who are dumb are still waiting for a crash and a steady growth.

[thejaytiesto]

Nice conspiracy theory, but I don't see how people would exchange their coins for "cryptoyuans", at least all at once to create a crash. I don't see how "Then when the chinese government gets all its people's bitcoin" this works. People could keep their coins in cold storage and sell it elsewhere. This is just dumb to be honest.

And even if China got all those coins, the market would be liquid enough to absorb a big dump once BTC is worth a million bucks. At that point BTC will be seen as a super stock similar to berkshire hattaway type A. People will just buy the dip. It takes more than your theory to create a mega bear market.