Fun Fact: Bitcoin Price is Up 838,000,000% in Ten Years’ Time

[BitHodler]

People, can you remember currencies/payment methods from past? At first it was (normal one) silver, gold coins, then paper money, then money in digital form which is almost absolutely the same cause you deposit/withdraw and use the same money and now we have cryptocurrencies.

Bitcoin is quite similar to gold in the respect that it is seen as a store of value, and less so as a form of money that we all are using on a daily basis. It just isn't convenient to use Bitcoin as a daily currency.

Bitcoin doesn't motivate anyone to spend it, especially if the value keeps going up, which is why an inflationary currency works better because you have to spend in order to not lose purchasing power.... hoarders of fiat are losers.

Those old currencies needed centuries for massive adoption and bitcoin did the most unbelievable job during this 10 year, it did thing that other currencies/payment methods weren't able to do during centuries. Since bitcoin did that job in 10 year, why not to imagine this case and think that it can do far much in next 10 year? Don't be a pessimist regarding innovations and just don't stick with only old things, sometimes we have to get out from our comfort zone in order to find better one.

The "job" you are referring to that Bitcoin did is just to go up in value a lot. If we look at the actual use aspect, it's not really picking up much because it's much more profitable to focus on speculation rather than actual use.

I'm just being realistic here. I'm sure Bitcoin will eventually break its $20k high and potentially peak out somewhere close to the $100k mark, but that still doesn't mean it's going to be used as a daily currency.

[YuginKadoya]

There is great potential indeed, and I think anybody is thinking the same but their percentage, in my opinion, is limitless any point of value I think bitcoin could reach it I would like to see people that are judging this currency that they are wrong about it and that it has the possibility to break that value in years,

Well, there is no state given time for it or how much it can land there but we enthusiast know that we are making a progress even though the price is breaking down we trusting in it are still pursuing while others are panicking.

[fullhdpixel]

There is great potential indeed, and I think anybody is thinking the same but their percentage, in my opinion, is limitless any point of value I think bitcoin could reach it I would like to see people that are judging this currency that they are wrong about it and that it has the possibility to break that value in years,

Well, there is no state given time for it or how much it can land there but we enthusiast know that we are making a progress even though the price is breaking down we trusting in it are still pursuing while others are panicking.

Value! Value!! Value!!!, everything that we are all after and more concerned about is the value of bitcoin, so if bitcoin does not reach that value then, does that make bitcoin to stop being bitcoin?

Not many of us are really advertising the technology of the coin that much, and we failed to really acknowledge that without the acceptance of the technology, and its usage, there is no way that this prediction can come to past because when it comes to investment, so many people are getting tired of it as they are not seeing the increase that is much encouraging, while some people are even stuck in the market now with money they have borrowed, but with its technology, people will demand for bitcoin because it is necessary to make payment and will not have any doubt about demanding at any time.

[Clement Kaliyar]

It seems that the percentage will lose some numbers on it since here is not.. so.. fun fact that happen recently :  Trigger-Happy Bitcoin Whales Send $24 Million in BTC to Two Exchanges  Many fear that this BTC movement is moved to exchang for dumping.

That's possible. However since they were sent to Bitfinex and OKEx, it's also possible they are planning to buy BTC on leverage, or altcoins. 3,500 BTC split between two exchanges is nothing to get worked up about anyway.

There is a real possibility that the recent flash crash in the market has a direct relation to the events that are mentioned here, other than that there are only mere speculation on what really happened and no one has any idea why the market went down suddenly.

[Darooghe]

I am confident that the growth will slow. Now someone dropped the price down and purchased on the cheap, raising the price up again. the bitcoin price after its halving reward is still unpredictable, but i hope it will reach or maybe pass the ATH price, and i hope the past halving trend will happen again in the next halving.

Everyone is curious about this event, all assets go through a cycle which includes bear and bull market. We had 3 cycles which are almost identically same 4 years. Now we passed 2 years in bear market. It is ready to see the bull run. After years of studying i came to the conclusion that Cartels who control the market will not allow bitcoin to be not-profitable for miners. The system must go on for them as they are making billions of dollars from it.

[BartS]

838 million percent but still undervalued I wish some of my holdings will grew like that in next few years. Yet we see people still complaining about the price too high for their budget even it is in bargain state. I'm still accumulating and looking forward on the  scenario when all Bitcoins are mined.

That is what it impresses me the most, bitcoin has been growing in a massive way since it was created 10 years ago and it is still undervalued, then what kind of value it will have during the next 10 or 20 years.

And even if I do not know the exact value it will have I know one thing, its value will be many times higher than what we see now and we need to make sure that no matter what happens we are always holding at least some bitcoin, that way we will enjoy some of that growth and benefit out of it.

[Pearls Before Swine]

If we could even see the price rise 1000% in the next 10 years then I will be very happy

That's asking a lot of any investment, but I have to say I think with bitcoin it's still possible.  Back in 2015 I didn't think $1000 was possible, much less $20,000.  I'm not sure if we'll ever see a repeat of the euphoria that was seen in 2017...but I have a sneaking suspicion that we will.  That bull, he likes to run and I don't think he's out of breath just yet.

The problem in talking about such prices is always a question of *when* it's going to happen, and damned if I know.  I missed out on the very early days of bitcoin, but I have to say I'm very happy with where it's at now because it's higher than what I bought it at.  Good times are acomin'.

[Wysi]

If we could even see the price rise 1000% in the next 10 years then I will be very happy

That's asking a lot of any investment, but I have to say I think with bitcoin it's still possible.  Back in 2015 I didn't think $1000 was possible, much less $20,000.  I'm not sure if we'll ever see a repeat of the euphoria that was seen in 2017...but I have a sneaking suspicion that we will.  That bull, he likes to run and I don't think he's out of breath just yet.

The problem in talking about such prices is always a question of *when* it's going to happen, and damned if I know.  I missed out on the very early days of bitcoin, but I have to say I'm very happy with where it's at now because it's higher than what I bought it at.  Good times are acomin'.

You are not alone in this league as there are many other early adopters who have lost the opportunities and yes it's just a matter of time, prediction and a little bit of luck which can change our lives. Let's just be prepared for halving as there are some positive speculations out in the market about a price pump post halving. As of now the market is heading in a right direction.

[treetrunk]

Wait... how much was Bitcoin when it first started trading again?

[alexsandria]

It is surely possible though. There is a lot of hopeful person  here. It may seemed unattainable but what's for sure is that Bitcoin always fluctuates and there is always two side in coin. It is just a matter of luck or not, and we must be ready for it either way. We have already been facing bear market for a long time around we might be able to experience heavenly market later on.

[Ludmilla_rose1995]

Bitcoin is a unique digital asset, their value continues to grow every year, maybe because of the limited amount and has no inflation in this technology. I believe that bitcoin will be able to reach a 1000% increase or even more.

[wajik-tempe]

Since its birth in 2009, Bitcoin has been on a remarkable run. The cryptocurrency was at first a currency for the fringe — used by those that wanted to bypass the pitfalls of traditional payment solutions, wanted to make a bet on the future of fintech, or wanted to make a statement against the fiat system, which was then embroiled in the aftermath of 2008’s Great Recession. Now, Bitcoin has entered the mainstream, frequenting the headlines of mainstream media outlets and becoming a part of the world’s vernacular.

While 838 million percent is obviously ludicrous, especially considering that this appreciation took place within a ten-year time period, some say that Bitcoin still has room to run. A lot more room.

...former Goldman Sachs executive Raoul Pal said that Bitcoin is still “very cheap” from a  “longer-term time horizon” perspective. Pal has previously argued that TC is the only asset that makes sense for Millenials and younger demographics because everything else is overvalued.

Read more here...

This post is a great reminder to all of us Bitcoin supporters, hodlers and enthusiasts that despite the dip the coin is in, there is no question that it has a great potential still waiting for the near-future and that can be happening this 2020 when the rewards halving is coming. There are still available rooms to grow for the King of Cryptos and this dip can be the best time to enter the bandwagon or to add more.

Price usually won't instantly pumped out after the halving, just like what happened before. After the halving we need 6 months to reached the beginning of epic bull run of bitcoin's price and reached all time high.
"In May next year, unless wild swings in the mining hashrate change anything, the coin reward for mining new bitcoin blocks will drop from 12.5 bitcoin to 6.25 bitcoin." which means at least the price of bitcoin will doubled if the market is show us a good sign.

[aysg76]

We had seen immense rise in bitcoin price from its existince and there is still a lot more numbers to be added in its growth rate.Just wait for next few years and you will be mad to see the percentage rise.Those who say it is bubble need to see these results.

[STT]

Price usually won't instantly pumped out after the halving,

The halvening is not an instant event is how I see it.  They change the block reward and every ten minutes that change is apparent.   So it actually takes more like a year to affect the wider market in a change of supply.    What tends to happen just before is we speculate and rise some, just because people see this on the horizon it creates some bullish effect.   Then we have a feedback effect from that more bullish attitude, it leads to price rise.
  On the actual halvening, its a sell the news event not a big sell perhaps but now the bullish event on the horizon passes behind though its a positive it takes time.   We'll probably have some peak in 2020 like we did in 2019.    My guess before 2020 we do go lower but some think we have finished with that, I'll believe that better when we keep having a series of higher lows and higher highs but for now we are searching for prices in set ranges and its occasionally testing the boundaries up or down.     BTC over years is a giant but it moves alot down also when we are talking months or weeks.

[Flor1982]

Apologies but I've had enough with this kind of speculation and predictions as for the past years it just make me disappointed again and again because our expectation become bigger but it did not happen as desired due to bearish so better if we will just wait and see normally while continue holding our assets.

[BartS]

Apologies but I've had enough with this kind of speculation and predictions as for the past years it just make me disappointed again and again because our expectation become bigger but it did not happen as desired due to bearish so better if we will just wait and see normally while continue holding our assets.

This is not speculation, the price of bitcoin has gone up that much during its first 10 years of existence.

Now I understand if you are tired about all the speculation surrounding this market but to me it is part of what makes it so interesting, I know bitcoin will go up in value in the future but how to figure out when that could happen is a very interesting problem for me and it seems I am not alone since every day there are new threads on the forum trying to figure out the same thing.

[barota]

yes who invest in bitcoin since 2009 they are riche now for sure but it is difficult for investing for 10 years because market can change . i mean if someone invest for 2030 for example ; imagine; i hope any company will start invest into bitcoin without fear