DID YOU THINk BITCOIN CAN REACH 500K IN THE END OF THIS YEAR

[Kronos21]

I can't say but even if bitcoin reaches the price of $ 500,000, this does not mean that all will be millionaires. Most of those who have coins will now sell them before the price reaches that limit. Whales will buy all the coins and bitcoin will become the prerogative of millionaires. As an example, you can recall the well-known history of buying pizza.

[fabiorem]

McAfee is probably deluded.

That guy from Xapo had predicted 1 million per coin by 2027. This one is more realistic, considering it will take time to have dozens of sidechains for worldwide use, a functional network of satellites with easy access and no more kobayashis dumping coins in exchanges instead of going OTC.

So I would cut one zero from your question, and put it around 50k by the end of the year. Then a steady rise to 500k by the end of 2022. But this is just speculation, lets see what will happen after "Goxxed 2.0" is over.

[aeternus]

$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.

I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000.
Too much asking for the price of bitcoin. Let it recover first from the dip that it went through.
Don't believe with high speculations that are just giving out numbers without technical analysis.

Yeah $30K-$50K is within the posibilities.... It is also possible to just go down from here. Both are almost equally possible. But, $500K? No way.

If we were talking in 10 years, then, donno, maybe if we want to be optimist...

Even those prices seems to be a little bit farther away than we thought, after all there is not much of a reason for people to be bullish about bitcoin, unless we get the lightning network activated right away those prices seems to be impossible, especially if we take into account that the market is going down once again I do not know if this is to sign of a dump, I hope it is not the case but the possibility is there.

[rickadone]

$55,000 per bitcoin?

Not this year imo, no. It’d take some seriously bullish news to rise that much. I think we’ll see something like $55,000 per bitcoin as a result of natural growth in a couple of years. It’ll most likely happen 6 - 12 months after the next halving.

Unless specific news caused a rally in the market, there is nothing yet that can push the value of bitcoin up that way.
What we saw last year with the Fomo rush can only happen once in a while and unless we get to see some pretty solid development that can bring about real adoption globally or on the mainstream level before we can see such a value this year, but at this point, somethings cannot even be imagined. Moreover, McAfee is fund of just playing with his follower's mental state with his unnecessary and baseless bullish predictions.

[farwellbit]

Not this year. Anything can happen but I don’t think we will see a recovery that quickly. It could take several more months of prices going sideways before we see all cryptocurrencies begin to recover.

I could see the price reaching $20,000 this year but maybe later in the year. Then I think prices will reach new highs and well beyond for many of the major cryptocurrencies.

I even feel this year would be one of those years when we would not really see much and all we will end up seeing would be some accumulation period without much happening, no all-time high and so on. However, that does not stop what can happen later on, and since we already know that bitcoin is full of so many surprises, we can still leave room for anyone that comes, but in the real sense of things, $55000 is unbelievable and unimaginable.

[Don Pedro Dinero]

$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.

I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000.
Too much asking for the price of bitcoin. Let it recover first from the dip that it went through.
Don't believe with high speculations that are just giving out numbers without technical analysis.

It’s funny because when I see some of you saying it’s impossible, I remember reading back a post last year, when bitcoin almost reached $20,000, where in the first comments people were saying that it was impossible to reach $10,000 in 2017.

I think it is unlikely but bitcoin is very volatile and some good news+ ATH+ FOMO can boost the price a lot.

[redsun114]

For my opinion will not can reach this price i can beilve i will pump till 30k . And i have to know Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years?
It’s interesting that almost all existing analysis of cryptoassets are from the point of view of fundamentals (or lack thereof). It’s often useful to look at things quantitatively instead.


So here, what we really want to understand is the probability of bitcoin reaching $500,000. There are a few ways to do that.

My way is  we can assume a completely random process and take a “gambler’s ruin” perspective. What is the probability that a random process will hit $500,000 before it hits $0? Given that the price as of end 15 dec 2017 is about $23,000, we’d get $23.000/$500,000 = 5%.

Anything is possible but somethings are not realistic and even if it happens, it would be another FOMO rush and not a steady growth which should make you scared when it happens this year.

$19k was too high last year, no doubt and even though some fell for it does not mean in the long term, they won't get their huge profit in the long run. Even $19k is cheap compared to the future value and prospect but $55k this year is impossible.

[Bardman]

$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.

I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000.
Too much asking for the price of bitcoin. Let it recover first from the dip that it went through.
Don't believe with high speculations that are just giving out numbers without technical analysis.

It’s funny because when I see some of you saying it’s impossible, I remember reading back a post last year, when bitcoin almost reached $20,000, where in the first comments people were saying that it was impossible to reach $10,000 in 2017.

I think it is unlikely but bitcoin is very volatile and some good news+ ATH+ FOMO can boost the price a lot.

People were saying that it wont even reach 1k again when it dropped to 100$

These long term predictions for a market like crypto are totally worthless, the market is too fresh to predict long term. We are not talking about USD/EUR or stocks that have been around for decades, we are talking about a market that has only seen serious investors a few months ago.

[Basmic]

It seems to me that bitcoin will reach such indicators not soon. But high bitcoin price figures are not the main goal. On the contrary it will hinder the development of the popularity of this coin. Who can afford to buy such an expensive asset? I think after we buy all the coins, we'll sell them at that price to the rich.

[aeternus]

$500K at the end of this year? Not completely impossible, but NO. Hell no. I wish, but no. No way.

I'd say the same that it's completely impossible for this year. My limit for the price would be $30,000 - $50,000.
Too much asking for the price of bitcoin. Let it recover first from the dip that it went through.
Don't believe with high speculations that are just giving out numbers without technical analysis.

It’s funny because when I see some of you saying it’s impossible, I remember reading back a post last year, when bitcoin almost reached $20,000, where in the first comments people were saying that it was impossible to reach $10,000 in 2017.

I think it is unlikely but bitcoin is very volatile and some good news+ ATH+ FOMO can boost the price a lot.

The biggest difference with the previous year has to do with the fact that price already pumped, bitcoin went from 1000 to 20000 in just one year, however the excitement for bitcoin has cooled down there is no more new money that can enter the market and most people that were already on the market spent all their money to buy their bitcoins as you can see there is not enough money on the sidelines to create another pump.