Realistic Predictions for Bitcoin?

[Script3d]

there's no such thing as a realistic prediction of the price, unless you came from the future, if there would be the person will keep the prediction for himself/herself, i would do the same too if i know what would be the price in the future.

[znation]

My opinion makes predictions, it only thinks about the dollar value today because the dollar is still the reserve currency. As the bitcoin gradually stabilizes and is known by many entrepreneurs, the price will gradually increase again.

[Carrelmae10]

there are so many people in the crypto world today who are trying so hard to predict bitcoin price but then we all know its almost impossible to predict what will happen to bitcoin in the future as we have seen in the past. lets just allow events unfold and see what happens.

The very correct opinion is that it is not easy and has often been expressed predictions about bitcoin, but always predictions change and bitcoin cannot be reached with predictions that have been made, whether it is with people who have experience though. actually the key to the bitcoin movement is from bitcoin holders and traders, they are the most decisive compared to news from social media. although the news also plays a role but may be smaller.

...as far as I know,predictions are neither always right nor always wrong..predictions are made in order for a certain thing to be correct or wrong..many people always predict for the price of Bitcoin,but no one claims that their predictions are right or wrong..to conclude,,this usually proves that there is no realistic predictions..just do believe in the technology of Bitcoin and on what help it might bring to you when you decided to invest your savings to it,

[kingplaya4]

Less KYC,

banks may have their clients make KYC for years and have always had many people using banks, because with cryptos it will be something different? we need people to do KYC, we need governments to regulate the cryptos, and we need governments to periodically inspect the exchanges to avoid cases of scam and money laundering. with this the banks will be able to allow the exchanges and the people to buy and use cryptos without problems

but with governments seeing btc as a challenge, that seems unlikely.

governments will accept bitcoin
[/quote]

KYC in setting up a bank account is not as onerous, unless things have changed over the years. You show your driver's license, input your address, you decide on what type of account you'd like, you set up a pin number for your debit card and you are good to go. BTC KYC often involves checks of where funds came from (uhm I gambled and I won, and I bought some others from a BTC ATM with cash and I am paid in cash). Strange selphie requests. I've given more info to exchanges than banks have ever requested and I've still been turned down. If things remain this hard, than at best we have to wait for pretty much all the baby boomers to die off (some of Gen X will never accept it either) which will take at least 20 years.

Without major changes, BTC will not see higher than 100k, and even that is probably pie in the sky. Maybe having us put in our government's ID numbers along with a single ID photo would suffice. I have no problem inputting my SS number to a reputable exchange. 

In the end, having the government not involved is the appeal of the whole thing. But I am sure "terrorism" "human trafficking" "pornography" and other reasons/excuses will be used to highly regulate it. If I were in a think tank right now, trying to think of how the USD could be saved, I would think about regulating bitcoin into oblivion. Make any BTC transactions reason for an audit, require onerous fund origin requests of all exchanges, maybe require both a driver's license and passport, a combination many Americans don't have. Threaten Americans with jail and they will fall in line. Of course America isn't the world but the EU seems to fall in line with most of America's wishes, and Japan and South Korea are known US lackeys (sorry Japanese and Korean users, but it is true).

The beauty of BTC is it is decentralized and perhaps some of the money from all these centralized currencies will flow back to BTC, but the less government the better. If they want to help people, they can ban all these cloud mining in HYIP sites.

[kingplaya4]

Just reading some other posts since I've been on here- by realistic I mean realistic potential. Obviously there is no guarantee BTC ever sees 100k, as I said the government could regulate it into oblivion or a new coin could slowly leach away at BTCs value (unlikely anytime soon but not impossible). Someone mentioned 1,000. I don't see that. Zero seems more likely if governments get in concert and crush it.

The case for BTC currently is digital gold. I don't think the US government cares for the real article, so maybe that is a possibility. Take gold's current market cap divide it by the number of outstanding btc and that is your top for bitcoin. You could argue the price of gold is suppressed and I would agree with that, but then you have to take into account the exist of ETH, BCASH, LTC and other Alts. Some of the money will flow there.

And how long do I think a high will take? As I said in another thread, probably about 10 years. Some boomer wealth will have transferred by then and if BTC hasn't stagnated or regressed by then it will be very hard to dismiss it as a Tulip Bulb bubble.

[lisasteca]

Making any predictions in favor of Bitcoin is very difficult.  Because he is very unpredictable.  Bitcoin lives its own life.  But I am sure that he will succeed in the future.

Like other crypto Bitcoin is very hard to make predictions, all crypto could be easily manilupated from whales!

[rocku12345]

According to bircoin.top Bitcoin price predictions are mostly overvalued   Too many people want to get profit from the 'air' and they in hope of rising of BTC almost every minute. Just calm down and read technical factors carefully..Bitcoin has to have more BIG investors to get rising again.

[joseph32]

Many ppl say 100k this year, but I think this wont happen. To many ppl are scared, too many big players with huge amounts of coins will sell faster than ever and scare the small players.

Its fine if BTC will hit 10 or even 15k this year, followed by a huge drop down to half, followed by the final bull run to 50k.

[crzy]

Making any predictions in favor of Bitcoin is very difficult.  Because he is very unpredictable.  Bitcoin lives its own life.  But I am sure that he will succeed in the future.

Like other crypto Bitcoin is very hard to make predictions, all crypto could be easily manilupated from whales!

There’s no realistic prediction because of the whales manipulation, they’ll just destroy you TA and for sure they can turn this market into a different way but I still believe for the pump. There’s so many predictions for the price of bitcoin, you’d better tried to make your analysis and see what can happen.

[33bitcoin]

First off, John Mcafees 1 million prediction is ridiculous.  Not saying it wont happen but it will take much longer than he said.  It will take at least 20 years if that ever does happen.  I do think it can go back to 20k this year though.

[bitcoin31]

Many ppl say 100k this year, but I think this wont happen. To many ppl are scared, too many big players with huge amounts of coins will sell faster than ever and scare the small players.

Its fine if BTC will hit 10 or even 15k this year, followed by a huge drop down to half, followed by the final bull run to 50k.

$100k is huge amount for this year 2019 and it will not happen because and your right we are okay and satisfy if the bitcoin value reach more than $10,000 and that's good step for me for the higher price next year but better to be reocover the market.

[kingplaya4]

100K will not happen this year and very likely not next year either without some major news. Maybe ebay, amazon accepting it, along with at least one country switching their currency to btc. 20k will be very tough to reach this year, let alone break. At the moment, btc seems unable to crack 5,500. Don't be shocked if this is our high for the year.

[Ipwich]

First off, John Mcafees 1 million prediction is ridiculous.  Not saying it wont happen but it will take much longer than he said.  It will take at least 20 years if that ever does happen.  I do think it can go back to 20k this year though.

Well, let's see, I have an opposite prediction of yours, I believe 20K is easy this year.
The recovery continues, bitcoin is now bullish, so one big news that will cause a hype might bring the FOMO again, so 20K is possible.

[Babylon]

We all have different perspective about the future of bitcoin and for the possible price movement. There is no right or wrong for the insights for bitcoin since they are just all predictions. I suggest for you to seek knowledge for yourself so you will have nothing to worry about because you will know how to analyze bitcoin and predict that will be enough for yourself to believed at.

[onchoys]

Are blockchain technologies capable of changing our world?  I think, yes, they can. I like that the unity that the blockchain technology offers significantly rebuilds its position in the market. For example, the taklimakan project. It creates an ecosystem where both crypto market professionals and beginners can coexist. Both parties interact on the principles of partnership and increase the benefits of their own, and the crypto community as a whole, because the more educated people in the system, the more blockchain technology is distributed into ordinary life and make it more comfortable

[izanagi narukami]

Did you expect bitcoin reach highest value on 2017 ?
I'm bet, you don't.

And IMO, it's difficult for bitcoin or other things to reach highest value twice especially when crypto still consider as risky investment !

[secone]

There seems to be a lot of insanity out there. I recently saw a youtube video claiming 98 million dollars a bitcoin as some poin in the not too distant future. That would mean btc's value would approach a quadrillion dollars! Maybe everyone is expecting the US to go Zimbabwe and your btc will be worth 98 million dollar with which you will be able to purchase a bottle of water.

First we need BTC to get to a trillion market cap, which I think is definitely doable IF it becomes more easy to buy. Less KYC, more ATMs, but with governments seeing btc as a challenge, that seems unlikely. A lot of media excitement at Bitcoin breaking a 200 billion, 500 billion etc market cap could get it to a trillion.

It will likely not become easier to buy, so we need another trigger. I think a repeat of the 2008 recession could do it. Probably btc woud initially fall, but then move up. The question is how high before investors want to cash their chips in? There's a ton of people sitting on a couple of btc. If each one becomes worth 50k and the dollar is worth just a fraction less than what it it is now, a lot are going to cash out and buy houses and cars. There will be greed, but there will also be fear and its not hard for a normal person too google bitcoin spiking to 20k and quickly crashing. Getting back to that 20k would be an initial target then 50k which is a nice round media friendly number and one that is high enough that it would tempt people to cash in.

I think bitcoin needs a few years to get up to that 20k and if it happens slowly but steadily, then we can hit 50k. If everything goes well and it starts getting easier to buy and easier to spend, I think 1/2 of gold's market cap is a reasonable goal. There are other crypto currencies out there and some people will still buy gold and it would take a long time for Central Banks to transition from gold to crypto. I don't think such a thing would ever happen in our lifetimes, but they might start adding crypto to their reserves rather than selling off gold. So 3.5 trillion I think is a good next goal which takes us to roughly 175,000 per btc.

This is assuming the government/media don't start supporting a new crypto that is backed by Gold or the full faith of the US government or god knows what people might believe in. But getting back the target of 175k, I say we need around 3 years to get it back to 20k, it will probably fall back again for some period, maybe 2 years, then mass adoption, recession etc could get it to 100k by 2030, and I'm not going to bother with an estimate for doubling that.

Could it go on a massive run and spike to 20k this year? Sure, who the heck knows. But to be sustainable it would have to be supported by something, maybe if a country or two adopted it as their national currency. Something radical and unforseen. I imagine some will naysay this, but an asset currently worth almost 100 billion increasing in value by 20 times in the next decade is actually insanely optimistic. Look at stocks that started off as penny stocks, they don't keep increasing in value exponentially year after year and although btc isn't a stock, there is a limit to how valuable it can be.

bitcoin is something that is very difficult to predict, not a few years, even the value and rate of bitcoin tomorrow who knows? but this prediction is really close to the predictions of bitcoin in the future with a very complete and almost right. the fact that in the past 5 years the bitcoin rate looks like a wave that has highs and lows that is hard to ascertain. Even John McAfee, the founder of the popular McAfee software and an ardent Bitcoin follower predicted that Bitcoin will hit $1 million by 2020 following last year’s prediction of $7000 which was well surpassed.

[AztecGoldHero]

my realistic price prediction for bitcoin is at least 10k till end of 2019

10-20k avarage till halving and

20k-100k after halving or it can be much more high its about fomo may be we can see 250k-450k because charts says that, top of trend is 450k,

[0t3p0t]

It is too early to tell whether Bitcoin's price would go back to $20,000 this year but for me I think $9,000-$10,000 is possible. Though both prices has possibilities but that will always depends on how much investors would pour into their bags. Some people say Bitcoin will skyrocket into like $20,000-$50,000 at the end of the year and it's too far from happening but who knows? Bitcoin's volatility is really hard to predict.

[maianh09]

First off, John Mcafees 1 million prediction is ridiculous.  Not saying it wont happen but it will take much longer than he said.  It will take at least 20 years if that ever does happen.  I do think it can go back to 20k this year though.

To achieve the price of $ 20k this year is very difficult with the current growth of Bitcoin.

Mcafee's prediction is a long-term prediction, and this may come out. Many investors have done the trend of speculative writing with Bitcoin, which increases the need to own Bitcoin and reduces the demand for selling. This is a significant impact to help the market become more stable and easy to achieve.