Bitcoin's price

[pinggoki]

The fact that bitcoin rose from as low as $0.003 to as high as $19,000 proves that bitcoin is really going beyond the moon. It's really wonderful how that increase was achieved in 8 years (between 2009 to 2017). I still remember reading an article in which the writer predicted bitcoin to reach a $100,000 in a 'very few' years to come. Though this sounds too much, I strongly believe it can be achieved (in my opinion, it might take time). What year do you think that such a price can be achieved? Also, what do you think is needed to make bitcoin's price grow faster and stronger?

Probably I think it will take decades, centuries or even more to reach $100,000 worth of single bitcoin but I am pretty sure that this will happen. In order to do that and make the bitcoin's price grows faster is massive adoption. If bitcoin gets the attention of the world or get a massive support I am pretty sure this will be feasible however, as it getting accepted across the world there will be some problems will might happen that may delay the process of growing.

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[Wysi]

The fact that bitcoin rose from as low as $0.003 to as high as $19,000 proves that bitcoin is really going beyond the moon. It's really wonderful how that increase was achieved in 8 years (between 2009 to 2017). I still remember reading an article in which the writer predicted bitcoin to reach a $100,000 in a 'very few' years to come. Though this sounds too much, I strongly believe it can be achieved (in my opinion, it might take time). What year do you think that such a price can be achieved? Also, what do you think is needed to make bitcoin's price grow faster and stronger?

Probably I think it will take decades, centuries or even more to reach $100,000 worth of single bitcoin but I am pretty sure that this will happen. In order to do that and make the bitcoin's price grows faster is massive adoption. If bitcoin gets the attention of the world or get a massive support I am pretty sure this will be feasible however, as it getting accepted across the world there will be some problems will might happen that may delay the process of growing.

Bitcoin has this ability it is increasing more and more I hope after few years it will get this massive additional growth because there are high number of investors around the world. I think as much the price of bitcoin increasing it will not take so long to recover the price. Time to time more price growth will occur after each investment i guess this year price will be high more than $20i.

Yes, that's a well know fact but what bothers us over here is the slow and constant price dump. If it was a massive dump at one go then we can reinvest into bitcoin by buying at low but here the value is dropping down little by little which makes us more confused if we really needs to sell bitcoin for a minor drop or hodl it but after few weeks these little price drops amounts to a massive dump. I hope it does not go back to those figures of $5000 again as it will take months to recover it happens. It's not an issue for long term investors but it is for short term investors.

[carlisle1]

. What year do you think that such a price can be achieved?

about year?this is just speculation since no one can predict the right one,but i think we will hit $100k inthe next 2-5 years from now.we already hit almost $20k so another 80k wont take long i guess

Also, what do you think is needed to make bitcoin's price grow faster and stronger?

never look for faster growth because bitcoin will be the major currency in future and this will take time and not for rushing.
buy bitcoin and never stop accumulating as long as you have enough money to risk

[Sekai]

in my opinion, bitcoin will grow faster and stronger around 2020-2021 because in that range bitcoin will be approaching halving. So that the miners will  decrease in reward, it will affect the price of bitcoin because the cost to mine bitcoin will be even greater. I am sure this will affect the price of bitcoin up at least 5x from the current price.

[FanEagle]

Bitcoin has this ability it is increasing more and more I hope after few years it will get this massive additional growth because there are high number of investors around the world. I think as much the price of bitcoin increasing it will not take so long to recover the price. Time to time more price growth will occur after each investment i guess this year price will be high more than $20i.

Every year, Bitcoin will keep getting new exposure to different set of people, and we will be Lucky to have many people that will be very rich to put in big amount of money into the market,and at the same time, have some financial institutions that will see the need to adopt Bitcoin as payment of goods and service , so I am not so scared of the future of Bitcoin as I believe that there will still be lots of development for Bitcoin in future, countries will still eventually adopt it and there is no doubt about that.

Early this year, many countries actually came up against cryptocurrency, but we can see how they are now all supporting the use of cryptocurrency now for both currency purpose and asset purpose, though the adoption is still low, but will eventually grow in future.

[airdnasxela]

The fact that bitcoin rose from as low as $0.003 to as high as $19,000 proves that bitcoin is really going beyond the moon. It's really wonderful how that increase was achieved in 8 years (between 2009 to 2017). I still remember reading an article in which the writer predicted bitcoin to reach a $100,000 in a 'very few' years to come. Though this sounds too much, I strongly believe it can be achieved (in my opinion, it might take time). What year do you think that such a price can be achieved? Also, what do you think is needed to make bitcoin's price grow faster and stronger?

If we want to see rapid price growing of bitcoin we should have massive adoption in different countries, bitcoin are now become stronger simply because it has been accepted in offline and online market and even the government started to accept it. Maybe in the 2020 or 2021 the price of bitcoin have chance to reach the price of 100,000$

[Pab]

Yes i think 100 K next halving is very very real.2024 Bitcoin price will be supported not only by coming halving but also continuation of problems of current financial system.I really think that dollar is losing his dominance
That will cause inflation in USA and trigger price of bitcoin and gold

[ashmodeus]

need a long time btw to get it.
since btc have a fixed total supply, 100k each will be posible.

what do you think is needed to make bitcoin's price grow faster and stronger?

well, first , the biggest problem, it's a scalability, the lightning network it's a best solution i guess.
then, trust. sadly until now, BTC still have low trust by people, according to Jeff Ramson, Founder & CEO PCG Advisory Group. "Bitcoin's biggest problem at this point is that the general public unfairly associates it with ICO scams" .
also BTC have Reputation for criminal activity,money loundry, drugs transaction, illegal weapon, etc.

[danherbias07]

It can go to that number but there will be an economic fall.
Why? We may reach that price when the value of USD will certainly fall.
That 100k USD may also equal to just 20k USD for the world market.

But there are still hopes that it would go there without the value of USD moving. I want that to happen, but it is just so good to be true.

[coinfinger]

in my opinion, bitcoin will grow faster and stronger around 2020-2021 because in that range bitcoin will be approaching halving. So that the miners will  decrease in reward, it will affect the price of bitcoin because the cost to mine bitcoin will be even greater. I am sure this will affect the price of bitcoin up at least 5x from the current price.

This is just a temporary factor, I mean the halving of Bitcoin, I totally agree with you that it will have some effects on bitcoin, but It will be a short term effect and this is not what I am really after in the cryptocurrency market, we need a factor that will make Bitcoin value to continue to grow even if it is low so that it can get to that stage where it can be reliable as store of Value, people still prefer to hold gold as store of value because of the volatility of Bitcoin.

Moreover, bitcoin is meant to digitalize everything, both currency and also means of store of value, halving will only make the price pump a little which will be eventually dump, but need people to use it as currency which is the main thing that will make the value of Bitcoin to become less volatile.

[darewaller]

It can go to that number but there will be an economic fall.
Why? We may reach that price when the value of USD will certainly fall.
That 100k USD may also equal to just 20k USD for the world market.

But there are still hopes that it would go there without the value of USD moving. I want that to happen, but it is just so good to be true.

Dollar value has been stable for a very long time now, and if the coin will eventually fall, it would not be now that people are beginning to benefit from it through bitcoin, the time I see the value of fiat fall is when bitcoin has been pronounced by the government as the new global currency of the world, then expect the value of dollar to crash automatically, but I don’t see that happening right now.

Before bitcoin can get to be recognized to that stage of having it pronounced by the government will be taking lots of decades because the system is new to the government and I am sure that there will be a time that they will debate on it worldwide, but not now, government has only recognized bitcoin as a digital asset and not currency of the world even if are referring to it as that yet.

[Oceat]

Bitcoin did not reach this price in a short period of time, it takes a lot of time to even reach that ATH. Although after that surge of price in 2017 it cost a lot struggles and problem yet it will take a wise choice for someone to make the profit that they want before the price correction start. There's no quick way to gain the ATH as you wanted since almost everyone is holding, you should expect that the price would slowly rise.

[Kemarit]

The fact that bitcoin rose from as low as $0.003 to as high as $19,000 proves that bitcoin is really going beyond the moon. It's really wonderful how that increase was achieved in 8 years (between 2009 to 2017). I still remember reading an article in which the writer predicted bitcoin to reach a $100,000 in a 'very few' years to come. Though this sounds too much, I strongly believe it can be achieved (in my opinion, it might take time). What year do you think that such a price can be achieved? Also, what do you think is needed to make bitcoin's price grow faster and stronger?

First, there's no experts in this market, what I mean is that we can't really predict that price and we don't know when it's going to hit 6 digit. As you have said, you would have known that bitcoin is going to $20000 in 2017? If you have been long enough in this community, the price prediction circulating along that time is $5000. So its possible to hit $100,000, there is a important even next year, which is the block halving, so this could be the catalyst, but remember that it might take years tough, but it's to see when it's going to be achieved. We just let the market goes into a bull run and see how far it will go.