Price of Bitcoin may increase normally but not as much as 400K

[DashingAgent]

Price of Bitcoin may increase normally but not as much as 400K

The past bull run where BTC got 20x to 50x gain was only because BTC was a new innovation and there was much hype, but now everyone is aware regarding BTC. So btc may increase normally and it will be good to increase with supply and demand otherwise I don't think so that it will ever be hitting to 40K, liquidity providers cannot be agreed to give such a value to a bitcoin since the losses could higher than the past, therefore the price movement will be increased along with supply and demand, good projects, institutions who are accepting the BTC. Many people and even the governments were against btc due to the money laundering but it is possible that governments may adopt it and can find new ways. BTC on another hand, could be accepted for financial payments but paying for products and grocery online with bitcoin cannot be a good idea until there is a third party involved who take and keep the money until the deal has completed. I don't think that bitcoin could become a mainstream because people are afraid regarding the online scams (I think paypal should provide such a service to check if the buyer is getting whatever he paid for and if the seller is sending/delivering the item then paypal must release the funds paid by the crypto then it could be possible that bitcoin may become a mainstream). The price will also increase due to the electricity cost. However the altcoin season will come for sure and altcoin may gain much value compare to the past, if you still do not believe that ethereum was around 10 cent in the beginning then time will prove it that how altcoins may get such a value around 9000% to much more. However if Bitcoin ever hits 78K compare to the past then its ATL can be 4x compare to the past low (i,e $3300x4)

[iamsheikhadil]

But I wonder who decides the ultimate btc price? If you think in that way, it's really impossible to imagine a simple Bitcoin a unit price to be worth $14,000! So I think it can get beyond any set limit or price! Because then if btc hits $100,000 we will think 0.001 btc as 100$ which would be the new normal!

[Oshosondy]

But I wonder who decides the ultimate btc price? If you think in that way, it's really impossible to imagine a simple Bitcoin a unit price to be worth $14,000! So I think it can get beyond any set limit or price! Because then if btc hits $100,000 we will think 0.001 btc as 100$ which would be the new normal!

I like your opinion, it is very possible for bitcoin price to increase beyond $400000 but it will take long time before this can be achieved. If we look very well into bitcoin, only 21 million will be mined in total into circulation, and later people will still need bitcoin and buy it, this can lead to increase in price as a result of marketcap increasing. But the marketcap of bitcoin needed for this will be in trillions of dollars which will make it hard and take long time to achieve. And I think we should first talk about bitcoin getting to $50000 first before talking about it getting to $100000 and above, not to yet talking about it getting to $400000.

[palle11]

BTC on another hand, could be accepted for financial payments but paying for products and grocery online with bitcoin cannot be a good idea until there is a third party involved who take and keep the money until the deal has completed.

Is already in use as payment for financial transactions, I also therefore see your reason of third party involvement to selling and buying online in grocery stores because sometimes you have delays in blockchain confirmation and where fees are high, some transaction will not be executed because it is high at the time 

[nelson4lov]

While I'd really like to see bitcoin at such insane prices being predicted by many people, it's important to note that Bitcoin's price is dependent on a number of factors and making such predictions without trying putting the piece together or considering the factors. Talking about Bitcoin's price at $400K, how many people would be ready to shill out $400ak to buy a unit especially when the supply is still on the high side? Such prices can be achieved when we've mass adoption and block rewards are halved to the bare minimum so miners won't have a lot to share that could bring the price down.

[dimonstration]

But I wonder who decides the ultimate btc price? If you think in that way, it's really impossible to imagine a simple Bitcoin a unit price to be worth $14,000! So I think it can get beyond any set limit or price! Because then if btc hits $100,000 we will think 0.001 btc as 100$ which would be the new normal!

Soon there might be another parking amount for BTC whenever it reaches a certain amount that it can range from specific amount since many already adopts crypto and not all holders really took advantage of selling whenever the price increases since they have plans to use it more in long term. To be able to reach another goal of amount or set new records many needs to plan more for long term but we can't control everyone's decision so we better study the market and find ways how to really earn on it.

[GreatArkansas]

It is still difficult to say Bitcoin can't hit $400,000 in the future. If Bitcoin will stay forever, 6 digits figures such as $400,000 may possible, like next more decades. We all know how Bitcoin works, like the mining rewards being reduced and the adaption of Bitcoin is still early these days and you should also consider the how many percent in the whole world that knows Bitcoin, it's still few, still more room for Bitcoin for me.

[X-ray]

Bitcoin can't be used massively as a payment system to pay something on the merchants. I do believe if bitcoin will be more suitable to be store of value. I will not even create a non sense prediction just like it will be touching 400k.
It's not yet even surpassed 20k. People are too crazy to think about the future price of bitcoin. If we are going back in Q1 of 2018 and there were so many predictions if bitcoin reach 100k this year but it's not happening.

[CryptopreneurBrainboss]

Bitcoin can't be used massively as a payment system to pay something on the merchants. I do believe if bitcoin will be more suitable to be store of value. I will not even create a non sense prediction just like it will be touching 400k.

Bitcoin is a very high speculative asset and that's what make it very interesting to trade. Somethings I feel its price speculations are just made to drive the price to higher highs and not that this price can actually be reached in the short time frame they're predicted. But since we're humans, it creates fomo and drive the price to new all time highs as people anticipate positively.

Don't also forget, bitcoin is never to be bet against. When we were trading below four digits, it was an outrageous thought predicting bitcoin to be trading in five digits in less than 5years same way the hundreds of thousands trading price are been looked at as an impossible milestone to reach. In the next 10 years plus, don't be surprised to see one bitcoin been valued at a million dollars or even more.

[traderethereum]

No problem, I guess even if the price could only increase to $100k, that still a bigger profit to every people who will sell at that price.
But in the long term, bitcoin price could hit $400k, but we don't know when it will happen.
Bitcoin price will still fluctuate, and there will be a big pump and a big dump like what we already saw before, which will happen in the future.
If we talk about the altcoin, the altcoin will get the best time like before, and we will see many potential altcoins that will increase higher.
That will help us gain the benefits of the altcoin and we can make a profit in bitcoin, so our bitcoin will be bigger.

[YOSHIE]

As a whole people realize that Bitcoin is a safe haven asset and also Bitcoin is considered a new value in general by many people.

Many factors currently influence the trend that drives price increases to continue, one of which is the number of emerging PayPal platforms that always make it easy to buy & sell Bitcoin, on the other hand it is also influenced by the large number of institutional investors who encourage them to buy some Bitcoin at this time.

However, to reach 400k is too high for reasons like I mentioned above, at least I am optimistic Bitcoin can strengthen at least 40k next year, it could happen to see many investors who are concerned about the central bank in dealing with the outbreak so far, this can affect the movement of Bitcoin in the future, especially from price movements.

[passwordnow]

Altcoins are only followers of bitcoin but if you're lucky to have that massive gain with them, good for you. But bitcoin is also being priced in due to the miners and its difficulty. As we've been on May 2020, the halving happened and rewards have been cut into half for the miners. And that means that there's lesser supply for each block that has been mined while the electricity cost didn't changed at all or instead, it's even more. Having that said, as long as the miners are there and helping to maintain the network secure. Don't forget that it is one of the foundation why bitcoin is becoming stronger.

[Lucius]

Price of Bitcoin may increase normally but not as much as 400K

The past bull run where BTC got 20x to 50x gain was only because BTC was a new innovation and there was much hype, but now everyone is aware regarding BTC. So btc may increase normally and it will be good to increase with supply and demand otherwise I don't think so that it will ever be hitting to 40K ...

As usual, you wrote a bunch of nonsense, and at least you could stay consistent around the numbers and not mix $400k and $40k - and to write that BTC will never reach the price of $40 000 is complete nonsense. Furthermore, to call something new after it has existed (at that time) for 7 or 8 years is another nonsense - as well as that everyone is aware that there is something called Bitcoin - and even if most are aware, how many of them really know what it is really about?

The price of BTC will always be primarily determined by supply and demand - and since BTC has max supply (unlike ETH which you promote for some reason), this means that the price of BTC will constantly go up if demand continues. If we take into account that the real interest of private companies and funds is just beginning, even $400k doesn't seem that far - despite the fact that some have problems with large numbers.

Altcoins are only followers of bitcoin but if you're lucky to have that massive gain with them, good for you.

This may have been the case in the past, but if you look at what happens to all the top altocins relative to the last BTC ATH - then you will see that the BTC has almost reached that same ATH, and all the altcoins have stayed far below their ATH. In other words, anyone who invested in BTC even when the price was at the top was able to return the investment - and anyone who invested in ETH at the same time is at a loss of more than 55% at the moment.

[bittick]

But I wonder who decides the ultimate btc price? If you think in that way, it's really impossible to imagine a simple Bitcoin a unit price to be worth $14,000! So I think it can get beyond any set limit or price! Because then if btc hits $100,000 we will think 0.001 btc as 100$ which would be the new normal!

That's true. People always doubtful when bitcoin gonna reach the price far beyond their expectation. But, imagine a coin that actually worth pennies in the past now worth $14K it's already beyond many expectation so why can't it go far up again. When it can multiple its price this much, it certainly could do that again.

Bitcoin scarcity will increase as the time goes and it's enough reason to make the price go that far actually. Maybe in the future we see bitcoin traded as few satoshis not in whole bitcoin unit, who knows? but definitely not impossible.

[sheenshane]

Price of Bitcoin may increase normally but not as much as 400K

Do you have a magic and crystal ball to predict this thing?

In TEN years of Bitcoin's existence, we've been amused by how it reaches the current price despite the criticisms and government resistance.  I must agree with OP that the increase in price may be gradual but only after its peak and it remains possible that in the future it can still reach the price of six digits, maybe not for now, BUT probably a decade or two.

The past bull run where BTC got 20x to 50x gain was only because BTC was a new innovation and there was much hype, but now everyone is aware regarding BTC.

OP has assumed that Bitcoin has already reached its global adoption, where in fact IMO, only around 20% of the total population are aware of Bitcoin and if the absolute adoption already happens then definitely the price would become a new all-time high (ATH).  

Imagining that, when global adoption happens it can already reach the price that is already beyond our expectations because of the increase in demand aside from the fact that supply of Bitcoin is limited which is another factor that has a huge effect on the price.

[hugeblack]

There are a lot of positive things that may make the price reach levels that we did not know before, as many negative factors have turned positive and more people are more knowledgeable and willing to pay more for bitcoin.

All estimates have no meaning. The volatility is what will make people want to buy more, and the liquidity that pushed the price to the level of $ 20,000, we need to double it to get 30,000.

[cheezcarls]

At the end of the day, it's all about being realistic. Of course, we may believe that Bitcoin may rise as much as 400K, but not instantly or in a span of days, weeks, months or even a few years. I would call it at least a decade or two. BTC may increase gradually like what we are experiencing right now, and it's good enough for me and the rest (except those who are hoping for a pullback to bag some more in their portfolio).

[milewilda]

Price of Bitcoin may increase normally but not as much as 400K

You cant tell but you cant say it neither that it wont really be reaching out that point.Everything is possible but to talk about those digits then its somewhat on near to impossible
side where we cant just reach out those numbers even if we are on full adoption scale.To think that we do even have a hard time on reaching or breaking its ATH for a long time
and presuming that even reaching 50k price would already be hard.How much more on 400k? There are even people who do predict about a million dollars in value
which is really impossible but well this is a free market on where people can freely make out their speculations about the price.

[Rruchi man]

In a short run? No, but in a long run, it is not impossible. With more acceptance of use of Cryptocurrency and BTC being the most valued of them all, there is no telling the price/value point it will get to.

[Stedsm]

The rules of quantum investing may change the way people look at BTC. Investors have a different sight about their vision on BTC's future and they are not just stupid to bag a lot of BTC through exchanges as well as OTC deals (even at this high price). I believe that the price hikes are inevitable as well as to such levels nobody can even think of, but predicting where it may go maximum is stupid because some people used to say that this Bitcoin thing won't ever reach a $1k mark, and you are now witnessing something that turned from ashes to platinum in a period of decade. Not just that, but it's a boon for small investors and especially, hodlers.