I have been having a chat with my Dad about whether it is worth investing in five or ten bitcoins in the hope that their value may go even higher in the next 2 years. Can you guys give a quick opinion about where you see the value of Bitcoins in 2 years from now. Have they reached their peak or is there still a long way up from here? Your opinions would be appreciated.
We are in the middle of 2nd 'Reward Era.'(
https://en.bitcoin.it/wiki/Controlled_Currency_Supply) Considering there are 34 Reward Eras scheduled and each era is about four years, we are still at early stage of bitcoin phenomenon. Of course, big question is 'Can bitcoin endure next 130 years?'
And that's where investment comes into play. You will be rewarded by taking calculated risks.
According to Bobby Lee, CEO of BTC China (exchange), each bitcoin could be worth $400,000USD. (not sure how long this will take, though) Of course this is only his estimate if bitcoin is treated as gold.
My unfound, baseless speculation is that each bitcoin could be worth more than $1,000,000USD if you look into next 50 years or later. Bitcoin is designed to deflate in value over time. There will be occasional bubbles and bursts, but the value of bitcoin will keep raising. That is, of course, in a big assumption that bitcoin will thrive, and used by everyone in coming years.
Do not take my word, don't listen to anyone else in this forum. Do your own study and research and decide yourself.
Watch this seminar, don't take 100% of what they are saying, but it has good information.
http://www.youtube.com/watch?v=Piasa1WgHjA