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Author Topic: Price of Bitcoin may increase normally but not as much as 400K  (Read 547 times)
ReiMomo
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December 14, 2020, 09:10:48 PM
 #61

*the future price of Bitcoin will continue to be a mystery and that's for sure...
Bitcoin at a price of $ 400k is still a possibility in the future, every year Bitcoin investors continue to increase and will become a trend in the future, when the demand increases then surely its value will also increase.
Exactly, there is no time frame for that.

But if you will trace the price of bitcoin in the chart, bitcoin has significant growth years had passed. In 10 years of existence, bitcoin becomes expensive due to the fact of demand and supply, bitcoin has a fixed amount, and from time to time people getting more awareness of crypto and adopt through different purpose, if that happens, the demand will increase and also the price. Who knows, after another 10 years, bitcoin will fold in 10 times or more of this current price, and $400k is not possible to achieve.

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December 14, 2020, 09:19:49 PM
 #62

~Snipped
Exactly, there is no time frame for that.

But if you will trace the price of bitcoin in the chart, bitcoin has significant growth years had passed. In 10 years of existence, bitcoin becomes expensive due to the fact of demand and supply, bitcoin has a fixed amount, and from time to time people getting more awareness of crypto and adopt through different purpose, if that happens, the demand will increase and also the price. Who knows, after another 10 years, bitcoin will fold in 10 times or more of this current price, and $400k is not possible to achieve.

I don't think $400K price for BTC is feasible to achieve even in the long run. Despite the fact that the demand will likely increase to unprecedented levels, only a small percentage of people would be willingly to buy bitcoin at the price. Heck, I haven't even mentioned the number of people who are just waiting for such prices to sell a truckload of Bitcoins that could cripple the market for a while. If you consider these companies currently buying a shit load of Bitcoins and ethereum at the moment, it's worthy to note that these are just investments and they're more than like to cause sell offs at a latter point.  A more realistic price for bitcoin in the long run is somewhere around $40K to $60K. Anything other than that would be sustainable.

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December 14, 2020, 10:28:39 PM
 #63

Bitcoin is very valuable in the long-term. If we keep it, but many people mistakenly think that Bitcoin can skyrocket in price, an illusion of 400K is too large for Bitcoin's bull. We need to have more time and long-time.
It's not a problem when they are putting the expectation for bitcoin to go high in the future but they should at least use their sense to predict how far it will go. 400k rate is totally non sense rate and when you are seeing it right now if bitcoin is not yet surpassing 20k barrier and does it make sense to call that will reach 400k?
If that's about 40k and that still makes sense to see that. The bitcoin bull will not make bitcoin will worth 400k. That a few decades for bitcoin to achieve it.

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