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Author Topic: will bitcoin rise up to $20000?  (Read 2002 times)
Nick Abimanyu
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January 22, 2018, 06:25:27 PM
 #241

i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.

1M is the price of beyond common sense.
If this year, the amount of bitcoin left is just hundreds of pieces, maybe 1M will come true.
No, no, December 2017 bitcoin only reaches 20k instead of 1M.

Majority has already predicted 2018 to be the death of BTC and rise of altcoins. BTC at this stage won't go beyond the previous peak (19-20k) anytime soon before the transaction speed and fees are fixed. This is also why 3rd and 4th gen currency coins (instant transfer and zero transaction fees) are currently gaining a lot of momentum as well.

Maybe this is true, and by that time Ethereum will advance as The King Of Crypto shifts the position of bitcoin.

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January 22, 2018, 06:30:07 PM
 #242

No one can predict what will may happen next. We just have to be patience and responsible. Anything is possible, anything can be glance by miracle. So its not bad to hope and having faith on ourselves that maybe one day anything that we wish for will happen.

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January 22, 2018, 06:48:34 PM
 #243

I think bitcoin can be rise up to 1M.At first when the bitcoin was invented it's price was very low but at present look at the value,the value of bitcoin has gone to a higher level.So it won't be bad to think of bitcoin price will rise up to 5M.
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January 22, 2018, 06:51:01 PM
 #244

Well if u day 1million dollars, that might take a while, as long as the investors keep investing, but I'm from Nigeria and a BTC is already worth 4 million naira.. So smile ☺
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January 22, 2018, 06:55:49 PM
 #245

i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.

1M is the price of beyond common sense.
If this year, the amount of bitcoin left is just hundreds of pieces, maybe 1M will come true.
No, no, December 2017 bitcoin only reaches 20k instead of 1M.

Majority has already predicted 2018 to be the death of BTC and rise of altcoins. BTC at this stage won't go beyond the previous peak (19-20k) anytime soon before the transaction speed and fees are fixed. This is also why 3rd and 4th gen currency coins (instant transfer and zero transaction fees) are currently gaining a lot of momentum as well.

Maybe this is true, and by that time Ethereum will advance as The King Of Crypto shifts the position of bitcoin.

As said, $1m this year is just pure fairytale thinking, best case scenario it can reach something around $100k and $1m in a few years. Even then it's really a very optimistic outlook. Altcoins can really begin to harm bitcoin as people become more and more knowledgeable of them.

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January 22, 2018, 07:25:27 PM
 #246

Conceivably no. I think it won't increase more than 40K-50K dollars. Now it growing quite steady and will continue surely. But over time peoples won`t be able to pay for it more than thay have. I mean now 10K-15K dollars it is not SO Big money. But if the prise will rise more than 100K then just some rich people and  a few companis will buy and resell it. It will continue this way untill no one be able and want buy it. I can`t be very accurate but I think it might happend in next five year
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January 22, 2018, 07:30:23 PM
 #247

Despite the fact that the price falls
I think it's possible, it all depends on investing
Although many are not sure of this
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January 22, 2018, 07:38:55 PM
 #248

The current down trend of bitcoin should not be used to judge the currency at the moment. I believe bitcoin will definitely rise, but rising up to 1M is a thing I cannot say. But all things being equal, it may get to that height someday.
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January 22, 2018, 08:11:18 PM
 #249

i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.

Enough create these stupid topics, you yourself understand that this is unrealistic
stealthblade
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January 22, 2018, 08:31:52 PM
 #250

i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.
Since you said it rise 1 Million last year i think you are referring on your local fiat money and not in dollar. If that's the case, well it is possible to reach 1Million in your local fiat or $20,000 All time high.
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January 22, 2018, 08:47:09 PM
 #251

Well with a market cap of $176.846.972.167 as of 22-1-2018 (according to coinmarketcap.com) I find that highly unlikely. If bitcoin increases to $1.000.000 for 1BTC the market cap would be:
1.000.000/10.514 (current BTC price)= 95.1 so the marketcap will have to multiply by 95.1 times; 176 billion x 95.1 = a lot.

Unless BTC gets accepted in a major part of all stores, online shops etc. and a big part of global population would be using it, that marketcap is really unlikely.
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January 22, 2018, 09:06:22 PM
 #252

i think bitcoin will rise again,up to 1M in december hahaha,because last year bitcoin rised to 1M in december.

1million dollars? This isnt feasible for now with respect to the market cap. Bitcoin is now having the challenge of altcoins now being used as exchange for ICOs. And its major counterpart is the ethereum, so, its fast growth has been minimized by this.

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January 22, 2018, 09:28:45 PM
 #253

I am going to be positive here, anything can happen. I mean why not. If more people are involved and are investing well. To be candid, it might take a little while, but still anything can happen

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January 26, 2018, 03:09:47 AM
 #254

Economists have a variety of definitions of the "money supply."  The most common is called M1, which is the sum of all cash and very liquid deposits such as checking accounts.    The global M1 is in the 20 trillion range, so if bitcoin supplanted every other kind of money in the world, each coin would be $1M, but they could slowly go up from there as the world economy grew and bitcoins did not.   
The larger money supplies, M2, M3 and so on which include savings accounts and certain bonds, are much larger.  It seems unlikely bitcoin would be used for these, as the money is not in circulation, and in fact when you loan it to the bank they promptly loan it back out to somebody else for mortgages and the like.   However, that would push the potential value up to close to $3M per bitcoin.  This is extremely unlikely.    In fact, even reaching all of M1 is unlikely as that presumes there is no other competing form of money, be it fiat money or alternative digital funds.
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January 26, 2018, 03:15:07 AM
 #255

I don’t think if bitcoin will rise to the price of $ 1M, but it may be just happened, only if to 2018 is the price bitcoin couldn’t reach 2018 because kitakan also saw the price, the price bitcoin in 2018 is very different with a price in 2017 prices in 2018 is the price bitcoin down with very quickly, but if bitcoin up to $ 1M might need time to 5 years or 10 again.

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January 26, 2018, 03:26:20 AM
 #256

In what national money you are reffering? Of it is not to dollar this is possible and even more than 1M is always possible but if it for dollar I don't think bitcoin will reach that price. For me that is an over specution to bitcoin, let say it can happen; this will be the problem of bitcoin because no one will buy anymore and no one will make a profit both the holders of bitcoin and the future investors. The high price will stand as the barrier of many to have an access to bitcoin.
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January 26, 2018, 03:36:40 AM
 #257

I think some of our country will be pleased with bitcoin raising a million many that you can buy and can build a business and I can eat it every day because of bitcoin beautiful life right now
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January 26, 2018, 03:52:42 AM
 #258

If you look at the current state of bitcoin, then it becomes very doubtful that he will ever rise to one hundred thousand dollars, not that to a million. Now there are more and more new coins with very good functionality and technical characteristics, and bitcoin because of its unresolved flaws with transactions, they are farther away from them. True, not everything is lost. Bitcoin developers have a little time to fix the situation. However, it seems to me that they are deliberately delaying with the elimination of bottlenecks of bitcoin for some reason. Perhaps they do not allow it to develop as a bubble and wait until investors choose other crypto currency for investment. This would be a very good move to save the prestige of the entire crypto currency.

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January 26, 2018, 04:04:12 AM
 #259

People would say lots of things, but bitcoin will never hit $1 million dollar. It just doesn't make sense, because there are more coin coming with better technology. So bitcoin is not alone and the demand for other coin is going up slowly. What i see bitcoin might go highest $50k within 2 years. That would be max i believe.
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January 26, 2018, 04:06:27 AM
 #260

yes I agree with you. if more investor will invest in bitcoin then it will happen . i do believe too that people have trust in bitcoin so they will continue to invest , in that case the price will continue to rise even it is not december.Many beleive altcoins will rise now not btc and it will crash but they also know it is not possible as competition with bitcoin at current is not possible.So wait for the price to reach there.
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