Bitcoin price could hit $50,000 in a few years, analyst says

[yenimailb]

Bitcoin price could hit $50,000 in a few years, analyst says

https://www.youtube.com/watch?v=N_HxYqzuvqc

What do you think?

[STT]

They need to solve the transaction volume and fees choking natural growth in bitcoin usage, when thats done alot more is possible.  If we're talking normal business its always about revenue not absolute profit on individual trades.   So what I mean by that really is there have been currencies long before that appreciated in value, its not just bitcoin but the gain was longer term everyday benefit to normal users not so much this excessive speculation we seen.
   I dont believe in speculative gains without actual utility increases happening.    Too much of the price is 'what if'  well now we're waiting to see :p

[mobnepal]

- Lightening network should be activated
- Segwit addresses should be used by every bitcoin related services
- More long term investors should start to invest in bitcoin rather than some newbie investors who easily get panic during correction.
- Direct trading of bitcoin should be open for wall street guys rather than just future market
- Government should start to make new rules and regulation to legalize and make bitcoin usable in every stores around the country.

When all these things will set up bitcoin price can even go to above $100k within very short period of time.

[yenimailb]

Price will be 70 k end of 2018.

[FireShark89]

They totally need to fix their issues first or whatever price it reaches will just come tumbling down back to square one.

[babygun]

- Lightening network should be activated
- Segwit addresses should be used by every bitcoin related services
- More long term investors should start to invest in bitcoin rather than some newbie investors who easily get panic during correction.
- Direct trading of bitcoin should be open for wall street guys rather than just future market
- Government should start to make new rules and regulation to legalize and make bitcoin usable in every stores around the country.

When all these things will set up bitcoin price can even go to above $100k within very short period of time.

Amen to that! Hopefully they will implement quickly the lightning network.
But I think point 4 and 5 will not happen anytime soon. In fact, chances exist that governments will not legalize bitcoin...

[nl247]

Price will be 70 k end of 2018.

It is easy to say, but looking at a lot of things that would need to be fixed, we should not expect even the $50k. I expect that a lot will change anyway, LN will be deployed and a lot of merchants integrating it, transfers between peers getting faster, low fees and all would make bitcoin to experience the greatest year of all as we would get to see people buying into bitcoin for its value and not just as a speculative asset that ends up creating a bubble.

[surix]

The lightning network should be activated and widely adopted -> it's not as easy as to have the technology ready, people have to understand it and willing to use it. Just look at Segwit, what is the % of adoption these days? Something like 15%?

It will take a long time but the fees, on the other hand, are exploding...

Why give out market share to other alts?

[1Referee]

Why give out market share to other alts?

It's a natural thing to happen, really. The average joes aren't really centered at Bitcoin like most of the people here are. They just see that Bitcoin's fees are expensive, and that other coins have far lower network fees. It's almost like a blind form of not willing to see how things are in reality. Altcoins in most cases offer lower network fees due to the lack of actual usage, but that's not something these baboons look at. I am sure that if every altcoin would get to experience the same level of usage as Bitcoin for even a day, that people will take back their words and start appreciating Bitcoin more. Ethereum has been somewhat of a nice example in recent times - its fees have been exploding as well due to the increased usage.

[beerlover]

Bitcoin price could hit $50,000 in a few years, analyst says

https://www.youtube.com/watch?v=N_HxYqzuvqc

What do you think?

A lot need to be solved first for bitcoin honestly most especially the scaling issue before we start projecting all this huge value. I still see bitcoin to be more of a speculative asset for now and there is no reason to see the value being driven so hard bullishly as nothing warrants it.

But once this transaction issue has been solved, we will see real life usage and then see people getting in because they need it and not because they want to make some quick bucks and that is when we would see the demand increasing for what bitcoin really is.

[VitKoyn]

Bitcoin price could hit $50,000 in a few years, analyst says
https://www.youtube.com/watch?v=N_HxYqzuvqc
What do you think?

Of course it is possible to happen, even a hundered thousand dollars is not impossible to reach in just a few years but I agree what other people are saying about it here in the thread that Bitcoin developers should implement a solution first to the high transaction fees and slow transaction processing time for Bitcoin to possibly reach this $50,000 level. Bitcoin wallet and exchanges should also support segwit to lessen the fee, and lightning network should be available anytime soon. If this things will not happen don't expect that Bitcoin will reach this high level of price.

[Pursuer]

things may not move much for some time, specially due to holidays and the correction and also the high fees and spam attack that is currently going on. that means price will remain between $14k and $16k for a while.

but nothing in bitcoin lasts that long. in less than a month when we get out of this little dip, the price will start its rally and continue going up. the spammers can't keep it up and the scaling will also happen that can't be kept down either.
in short $50,000 is too small a target (~200%) to be reached in "a few" years. with all the things that are going on we can see $20,000 be broken in 2 months and in a couple of months when Lightning Network reaches its adoption peak, the price simply jumps to $50,000 within 2018.

[Denker]

They totally need to fix their issues first or whatever price it reaches will just come tumbling down back to square one.

Who is "they" please??
And what issues are you talking about? You should be more specific instead of just throwing one sentence around as some kind of critics.
Let me tell you how I see things.
Bitcoin is the only Blockchain with real usage, e.g. transactions per day. No other Blockchain can compete with that, they are all ghost towns and mostly just for speculation, to make more Bitcoin with those or some profit in fiat. That's it.
If other Blockchains would see the same kind of traffic and daily attacks, you can be sure they would struggle too.
But Bitcoin will overcome those "issues". Further implementations are on the way and I'm sure in 1-2 year you will be able to buy your cup of coffee with Bitcoin if you want to.

[talkbitcoin]

They totally need to fix their issues first or whatever price it reaches will just come tumbling down back to square one.

Who is "they" please??
And what issues are you talking about?

"they" stands for the bitcoin developers aka bitcoin core team.
believe it or not many people will always want to centralize everything even in words and want someone else to do everything for them and they just follow like a sheep. that is how every other system including many altcoins work.
this is one of the cancers that bitcoin is facing. people who don't understand what "decentralized" means.

and the issues are obviously the high fees and scaling bitcoin.
and most of these people don't even know what a full node is let alone run one.

[JanpriX]

Bitcoin price could hit $50,000 in a few years, analyst says

https://www.youtube.com/watch?v=N_HxYqzuvqc

What do you think?

This is very achievable with the matters that are happening right now. Hitting $50k per BTC is, I think, already down the line in a few years. Imagine of the FOMO that it could create when it hit $25k and with that crazy FOMO backing it up, 50k is just a walk in the park.

Bull run aside, we should hope that the problems that we are experiencing right now with BTC will be addressed in the future if we want to attain that price. Development for it should still be there to cater more investors and to justify its increase in price. Without these solutions, that amount that we are dreaming of is just a pipe dream.

[cockers]

The few years is now! Not in the few years, it will be by 2018. So I would say that this is the best time to buy bitcoin as it will likely pump to above 20k this time. In fact it has already moved 10% just this morning and likely we'll see it pump everyday before the year ends!

[jossiel]

There are some that first said that bitcoin can hit $40,000 so $50,000 is a close one.

But that person is Novogratz and he said that we can see $40k on 2018 and that's really interesting in our part that are just holders of bitcoin.

And if you know the most famous and exaggerated speculation in bitcoin that it will become $1,000,000 on 2020.

[Mind Control]

Bitcoin price could hit $50,000 in a few years, analyst says

https://www.youtube.com/watch?v=N_HxYqzuvqc

What do you think?

I think they have to revise their statement. Based from the current happenings about the price of Bitcoin, reaching 50,000 won't take years to be a reality, it would take only months. If 2018 would be as crazy as 2017 or even crazier, 50,000 will be reached within 2018. Perhaps on the Q3 or Q4.

[~Bitcoin~]

Not in few years, price can go beyond $50,000 within 2018. Market is still bullish and the one who want to take profit have already made exit before Christmas. Now people have already started to buy bitcoin back and price is on its way to set new ATH. $30,000 by mid of 2018 and over $50k by end of the year 2018 is possible if current trend continues.

[Whosdaddy]

They need to solve the transaction volume and fees choking natural growth in bitcoin usage, when thats done alot more is possible.  If we're talking normal business its always about revenue not absolute profit on individual trades.   So what I mean by that really is there have been currencies long before that appreciated in value, its not just bitcoin but the gain was longer term everyday benefit to normal users not so much this excessive speculation we seen.
   I dont believe in speculative gains without actual utility increases happening.    Too much of the price is 'what if'  well now we're waiting to see :p

Yeah, without the scaling issue being solved first, all we will just keep seeing would be a bubble and that is the honest truth. We may be very optimistic now, but unless we do not want to tell ourselves the truth, if this is not solved, it would crave more problems than we can imagine and once this is solved, a lot of us as investors would be more than happy knowing bitcoin is growing and the ability to use as currency would keep sustaining its growth.