Who Else is Expecting the Ultimate Rise of Bitcoin?

[dantee1]

@dantee1

At first I wondered why so many people mentioned $100k. Then I understood why: it's because they did some statistics with the previous Halving.

Anyway, it's statistically possible, but I'll see more at the $75k level. However, if it happens, it will happen after halving. Because the climb is always visible after.

There's a lot of news that Bitcoin is totally immune to now. ET Trump is far from being an authority in this field, I wouldn't worry much as long he doesn't tweet anti-bitcoin like a freak.

Facebook has revised its ambitions with Libra, they admit that it is too difficult for them considering the current legislation. I wouldn't be surprised if the project dies before to be finished.

Facebook is in a difficult situation with Libra. Looks pretty much like it has been rejected even before the projects completion. What makes Bitcoin what it is today is the decentralized nature and no one will take away that.

[Harlot]

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

Well if your prediction involves the further devaluation of USA's fiat currency then you are right that Bitcoin will go up by 100,000$. But knowing that U.S. isn't dumb enough or even their central bank to print their money "exponentially" without the demand backing them up then what they will just do is oversupply their own fiat currency which further devalues it. The rest of the factors you have stated doesn't even translate to Bitcoin increasing in price and in fact all of them are still conditional if the people really do participate in the market.

[Argoo]

I would very much like for this forecast to come true. However, I do not think that by the end of 2022 we will see bitcoin at a price of $ 100,000. Money supply in dollars is unlikely to grow so fast that, due to inflation, people begin to invest in cryptocurrencies and bitcoin could so rise in price. Moreover, it will not actually be a rise in the price of bitcoin, because the purchasing power for goods and services will also rise.

[Wilhelm]

If the Federal Reserve continues printing dollars exponentially, the dollar price of Bitcoin will continue to rise exponentially, so eventually it will reach $100,000 per coin. And that is what is going to happen over the next few years. Why? Because the Fed and other central banks around the world believes that printing more currency bills will help boost the economy.

Well if your prediction involves the further devaluation of USA's fiat currency then you are right that Bitcoin will go up by 100,000$. But knowing that U.S. isn't dumb enough or even their central bank to print their money "exponentially" without the demand backing them up then what they will just do is oversupply their own fiat currency which further devalues it. The rest of the factors you have stated doesn't even translate to Bitcoin increasing in price and in fact all of them are still conditional if the people really do participate in the market.

Most money is generated by the banks.
So banks do generate dollars close to exponentially.

Watch the YouTube video "the biggest scam in the history of mankind"

[barbara44]

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

We don’t need Facebook to release any coin for bitcoin to rise because Facebook never played any role in the last bull run of bitcoin, in fact the bull run would have been more than that if not because they were using their system to cancel and discourage ICO, now that they have come up with their own crypto, they expect them to just run smoothly.

I think they are reaping what they did to great projects then, they condemned them too and now they are being condemned also. Do unto other as you wish to be done unto, the same way that bitcoin rose to the top in that 2017 without Facebook is the way that bitcoin will rise now to the top with so many other projects that are more relevant to bitcoin market than Facebook. I am expecting this bakkt to have at least some effects.

[justdimin]

The big increase in bitcoin will happen when there is a way people can spend bitcoin easily wherever they go. I know there are methods right now but none of them are that easy right now, most of them require you to give your KYC to some foreign exchange you have never used before that will open a bank account under your name with your information and basically give you a way to spend money from their website keeping btc but spending fiat while they are profiting from it as a middleman between you and the bank.

You are basically using the bank they are working with but with a middleman that you pay extra premium for. When that ends and we get a better system everywhere in the world people will start to use bitcoin everywhere and will have no reason to sell, that will make the price go up so much it will be awesome.

[Slow death]

Now, I am making another bold prediction. This time, a long-term prediction, that Bitcoin will finally hit $100,000 before December 2022. Who agrees with me on this?

honestly, I do not believe that we will see $ 100,000 in 2022, even if your argument, I speak of this argument:

Increased Awareness - As more and more people become aware of Cryptocurrency, the demand to buy into Bitcoin will increase, and that will help push the price even higher. Report shows that only 11% of Americans currently owns Bitcoin, while 88% have heard of it. It is estimated that the percentage of Americans who will own bitcoin in 2022 may increase to 50%. If the price continues to rise base on demand, 400% increase from the current number of ownerships will put the Bitcoin price at $50,000.

Be a very good argument that makes a lot of sense, the problem is that from late 2019 to year 2022 is a very short time, if we were talking about something like 10 years from now, I'd agree with you and all the people who believe that the price can reach $ 100,000

[Naida_BR]

Bitcoin will keep rising in value as long as the supply stays the same and the demand increases.
All we have to do is to push mass adoption to our maximum efforts and this is going to boost the price up. Mass adoption is going to bring an ultimate rise of Bitcoin, it won't happen by itself.

[pealr12]

Most of the predictions coming from known people that  bitcoin will rise ultimately by 2020 , and may hit 200,000$  after the bitcoin halving next year. It is so imposible for bitcoin to go up that high in a short period of time, but im expecting  a rally before the year ends.

[DeathAngel]

The ultimate rise will come after the halving, it may take up to 18 months post halving but it will come. I hope you’re all holding coins ready for the rise.

[guoyu78]

The big increase in bitcoin will happen when there is a way people can spend bitcoin easily wherever they go. I know there are methods right now but none of them are that easy right now, most of them require you to give your KYC to some foreign exchange you have never used before that will open a bank account under your name with your information and basically give you a way to spend money from their website keeping btc but spending fiat while they are profiting from it as a middleman between you and the bank.

You are basically using the bank they are working with but with a middleman that you pay extra premium for. When that ends and we get a better system everywhere in the world people will start to use bitcoin everywhere and will have no reason to sell, that will make the price go up so much it will be awesome.

That is the ultimate future rise of bitcoin, and that will sure take a very long process but will eventually happen, but we have to talk about the temporary ultimate rise of bitcoin which I call the bull run. You know that bull run has a way of equally marketing bitcoin because if you see 2017, it was when bitcoin started to increase drastically that the popularity grew more than what we can imagine till the extent that people were learning about it a lot, which eventually led them total for fomo and buy at peak price.

That is part of how we will continue to get adoption until people starts to pick interest in using bitcoin for lots of their financial activities, because at one point, people will be tired of holding bitcoin and then sell, but they will never be tired of using it as payment like fiat.

[TopT3ns]

I am agree with bitcoin will get ultimate rise, but for how much it will b e or maybe $100.000 maybe it is too high for that time. Need a lot of money to pump bitcoin price to that high and a lot of investors money already drained in ICO. I actually know and understand there are a lot of rich people out there who can do that and easily do that. But to make them believe bitcoin can be really good asset to make an investment, it is hardest thing to do. Maybe for next halving it can be around $40.000 or maybe $50000 and then bitcoin price make correction again.

[Reid]

Let's see if all your prediction was real.

I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months.

You said you started a seminar? Don't you do video recording on those kind of events? I mean there is a lot of people there right? This could prove all that you said was true. Or else, you are going to see a lot of bashing from veterans here.
It is just so good to be true right?

Another question. Why now? You had been right for like 3 times before the last one. Is there a purpose for this kind of act?

[Capt00]

Let's see if all your prediction was real.

I held a seminar where I encouraged people to start saving up some Bitcoin, that the price was going to hit $10,000 within the next 12 months.

You said you started a seminar? Don't you do video recording on those kind of events? I mean there is a lot of people there right? This could prove all that you said was true. Or else, you are going to see a lot of bashing from veterans here.
It is just so good to be true right?

Another question. Why now? You had been right for like 3 times before the last one. Is there a purpose for this kind of act?

Well, I'd love to see his video also, if he never does he is just closely saying for nothing.

Furthermore, the rise of bitcoin is absolutely unpredictable and never see's when. Even halving may come, can't be sure that it will bring a huge impact into the market demand making prices to soar high as we want to be.
It for sure it will move high, but it can be sooner or later.

[pooya87]

Most of the predictions coming from known people that  bitcoin will rise ultimately by 2020 , and may hit 200,000$  after the bitcoin halving next year. It is so imposible for bitcoin to go up that high in a short period of time, but im expecting  a rally before the year ends.

Most likely there's a lots of speculations that rounding around the market talking about the rise and how things will go further when the halving comes, it's still the users and investors will make things possible whether it will pull the trigger on and lift this market back to the bull and bring the value to rise high and make a new record as how investors wanted it to happen.

the thing about halving is that when it happens, the rate at which new coins enter circulation reduces by 50% so in a way it is cutting the new supply by half. and since the "new demand" is increasing, that reduction disturbs the balance that existed before hence leading to a price rise to reach another balance between the two factors.
everything else like the rise prior to halving is pure hype and will be small. the real rise is always coming after the halving.

[gantez]

The ultimate rise will come after the halving, it may take up to 18 months post halving but it will come. I hope you’re all holding coins ready for the rise.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.

[bitbunnny]

I would very much like for this forecast to come true. However, I do not think that by the end of 2022 we will see bitcoin at a price of $ 100,000. Money supply in dollars is unlikely to grow so fast that, due to inflation, people begin to invest in cryptocurrencies and bitcoin could so rise in price. Moreover, it will not actually be a rise in the price of bitcoin, because the purchasing power for goods and services will also rise.

I don't think Bitcoin will come to 100,000$ price especially not so soon. In fact I find such prediction exaggerated and not very likely to come true although we have learned that everything is possible with Bitcoin.
Bitcoin is marked with volatility, corrections are happening all the time and expecting only price rise and huge price rise isn't realistic.

[davinchi]

I still think 60 thousand dollars is quite possible because 1 trillion dollar market cap for bitcoin is not out of question. That is the
limit for now though, of course with time the price could go up even further but right now I think 60k is what it can max become, all those 100k or so estimates look too much for me, between 60k and 100k there is a lot of money to be made and people would sell their bitcoins and it would be hard to buy because it would require a lot of money to get them.

Hence, I think 60k is very realistic, 1 trillion dollar market cap (it is 55k price point I think but giving it a bit more leeway) is something literally 10% of a nasdaq or that type of stock markets and this is global so reaching those levels shouldn't be that difficult if the whole world starts to join in.

[Reatim]

If Facebook succeeds in Launching Libra, that may also play a part in the ultimate awareness to Cryptocurrency and indeed Bitcoin.

Certainly right on this mate because all we need is exposure and trust from the community outside crypto and with Facebook(Libra coin)people will get to know close about crypto and may learn also the advantage and benefits of bitcoin and alts for the world not only for this community and their fears of being scamming will be out of place

But as it stands, I don't think Facebook is moving ahead with the project anytime soon due to regulatory frameworks

With the stand of US president Trumo about cryptocurrency specially bitcoin and Libra I think this will take some times before being released

[AjithBtc]

The ultimate rise will come after the halving, it may take up to 18 months post halving but it will come. I hope you’re all holding coins ready for the rise.

I'm sure that expectation will be high for the halving but don't be surprised that price might start increasing even before this year runs out. I just saw price below $10,000 now while it was $10,200 few hours ago. Bitcoin is highly unpredictable coin.

During the last time halving we experienced the price grow higher after the days. This time there is good growth happening even before several months. This way the price increase might get carried forward for 2020 or this can happen after the days of halving same as the past. However there is something a big increase in the price is the expectation of majority of the users.