When moon? ($500k / $1 million / $2 million)

[Erdogan]

When the price of Bitcoin rises to $500k, $1M, $2M depends on external factors, such as when it will be accepted as a form of payment by global companies such as Walmart or McDonald. I mean the adoption of Bitcoin by the Mainstream. I think it can happen in 5 to 10 years.

[BuNga_cute]

I really hope to be alive when Bitcoin can hit the price of $ 1 million , because I believe I will be rich if the $ 1 million target is
achieved by Bitcoin . But if we look at the current price of Bitcoin which is still having trouble rising above the price of $ 20,000.
It looks like the $ 100,000  target is far from reaching, hopefully Bitcoin by the end of this year can touch a minimum price of $ 22,000.
So the demand for Bitcoin can continue to rise, and in 2021 we can reach the target price of $ 100,000. For a target price of $ 1 million
or $ 2 million I still don't have an idea when it will be achieved, because this is a very high target price to be achieved.

[dunfida]

Not a really fan with those numbers or those kind of speculations where we do talk about 7 digits and beyond. Even though bitcoin supply would really be scarce into those
future years but numbers will always depend on the level of demand on that time.If we do try to do math speaking of the value on where bitcoin could potentially reached
then always consider that it will surpass out the entire cap of most fiats which would really be ending up on the question "would government allow that?"
even though i do see the positive side of things that we would really be reaching new heights but not really into those 7 digit levels.

[crzy]

I’m wondering now if its really possible to happen and what would be our situation if we reach that price level, I’m thinking for a much expensive staff at that time. I’m happy that bitcoin pumps and dumps, we’re slowly making money because of this and that kind of price prediction is far from reality as of posting, no one can tell exactly.

[maydna]

~snip~

$100k is what I'm seeing from everyone who's positive for next year. The s2f model shows that it's the ceiling that it can be reached by 2021. $300k is quite high and so is $100k but it's more favorable with the opinions of most predictions.

I'm wondering how much is the percentage of inflation would that be if bitcoin hits those high prices. Well, I think $500k around 2027-2030 and the rest would rely on global reaction and if most countries and institutions started to make bitcoin more scarce.

Perhaps, Bitcoin price can reach $300k in the next two years, or it could happen if the adoption can grow drastically, making the price jump to the highest price. But for now and the next year, $100k is a fair price for bitcoin, but I don't know what will happen if there is much good news that can bring positive trends for bitcoin.

I do not expect to see deep inflation if bitcoin hits those high prices, but bitcoin prices can get dump so hard, making people shock to see it. But it is interesting to predict how high the bitcoin price will increase later because we will see much speculations from people without knowing what will happen to the price.

[Poker Player]

I'm not too worried about those figures as I prefer to enjoy the process.

I will enjoy quite a lot when we break 20k and keep breaking ATHs like 30k 40k so on.

Getting to $2 million in 20 years it's OK but maybe the year before the ATH is $1,9 million so the purchasing power won't be that different.

We have also to bear in mind that fiat currencies will keep depreciating and at fast pace it seems.

$2 million in 20 years maybe will be similar to $ 0.5 million today.

[Lucius]

If I'm not mistaken by 2038, we could have reach 99% of all bitcoin mine. So that alone will speak how the price will move after that. Because the rest of the 1% will be mine up to 2140.

This will happen before 2038, sometime around 2030 during the sixth halving period. Namely, at the end of the fifth halving period, the total amount of mined BTC will amount to 98.43750011% (2028), and sometime in the middle of 2032 this amount will exceed 99% (99.21875011%)

https://en.bitcoin.it/wiki/Controlled_supply


I think it's pretty frivolous to talk about the price expressed in millions while even $20 000 is an insurmountable obstacle. It’s not that I don’t want that to happen, but for the vast majority of investors, Bitcoin is still a very risky and quite exotic investment. For such crazy prices we need trillions of dollars, and now the total market cap is worth just over $300 billion ($0.33 trillion).

[exstasie]

I think it's pretty frivolous to talk about the price expressed in millions while even $20 000 is an insurmountable obstacle.

Insurmountable? LOL, have some patience, man! In early 2017 I'm sure $1,200 appeared insurmountable as well. The market corrected 30-40% off the previous ATH not once, but twice. Many bulls gave up hope during those corrections. And then Bitcoin bubbled.

I wish more people felt like you. Then I'd be feeling more bullish. Unfortunately most people seem extremely bullish, anticipating $20K to be broken. Bitfinex short levels are low and swap funding rates are positive........there are no shorts to squeeze.

If we can get a real correction off the $19Ks (none of this 10-15% shit) and shake out some of these greedy bulls and turn them into bears, breaking $20K becomes a lot more likely.

As it stands, I'm beginning to think this sideways near the top is a distribution phase before the market slow bleeds into a crash. I'd be more confident in that assessment if swap funding rates were particularly high (they are hanging around 0.01% on Binance and Bitmex) but I'm still leaning that way anyway.

[sunsilk]

~snip~

$100k is what I'm seeing from everyone who's positive for next year. The s2f model shows that it's the ceiling that it can be reached by 2021. $300k is quite high and so is $100k but it's more favorable with the opinions of most predictions.

I'm wondering how much is the percentage of inflation would that be if bitcoin hits those high prices. Well, I think $500k around 2027-2030 and the rest would rely on global reaction and if most countries and institutions started to make bitcoin more scarce.

Perhaps, Bitcoin price can reach $300k in the next two years, or it could happen if the adoption can grow drastically, making the price jump to the highest price. But for now and the next year, $100k is a fair price for bitcoin, but I don't know what will happen if there is much good news that can bring positive trends for bitcoin.

I do not expect to see deep inflation if bitcoin hits those high prices, but bitcoin prices can get dump so hard, making people shock to see it. But it is interesting to predict how high the bitcoin price will increase later because we will see much speculations from people without knowing what will happen to the price.

With all of the institutions adopting bitcoin news, we see that there's stability that's being maintained at the price point of $17k-$18k. And that's a very fair price knowing that we've got that much good news in the market.

2 years from now for $300k, we don't really know what can happen in that period and there could be a lot of things that can surprise. But with the next halving on 2024 and its next years, I think those years would determine if we'll go higher the 6 digits price for bitcoin.

[Lucius]

Insurmountable? LOL, have some patience, man! In early 2017 I'm sure $1,200 appeared insurmountable as well. The market corrected 30-40% off the previous ATH not once, but twice. Many bulls gave up hope during those corrections. And then Bitcoin bubbled.

It would have been much better if I had written "insurmountable obstacle at this point", because at the right time when the real bull run starts, $20k won't be a problem. I am a very patient man, but also a realist who does not consider it likely that 1 BTC will be worth millions in the near future.

I wish more people felt like you. Then I'd be feeling more bullish. Unfortunately most people seem extremely bullish, anticipating $20K to be broken.

Most have invested in BTC for profit, and most will sell for the right price - and I bet most would agree to sell everything they have if someone offered them a price between $50k - $100k. As time goes on, this game will become more and more only for big players - and more and more strong hands will become weak hands without the possibility to return to the game.
 

As it stands, I'm beginning to think this sideways near the top is a distribution phase before the market slow bleeds into a crash.

Given that you have experience with TA, you can certainly estimate much better what can happen in the market. However, I am a bit more optimistic, and I think that given all the circumstances, there will not be any drastic corrections. The solution to the pandemic is now only a matter of time (months), the new US administration cannot be worse than the last (or maybe it can?), so some things may be normalized in terms of trade with China. Also, institutional money is constantly flowing into the BTC market, and halving has not yet shown its true effects.

Consequently, the conditions for a perfect storm (bull run) are becoming more likely in the next year or maybe a year later.

[inanilujimi]

It's as if something was forgotten that in early December we touched ATH a little more, but that didn't happen and we went through a correction again a few days later, don't be too excited to see $ 100k if ATH in 2017 alone hasn't been touched yet.
As for the next 20 years, bitcoin has run out in the mine, I don't think the price will reach $ 1 million because in the future Bitcoin may be more stable than it is today.

[LogitechMouse]

We can't see Bitcoin pass through the $20,000 and yet you are asking things like this.
When Bitcoin go ($500k / $1 million / $2 million)??

Before asking this, you might want to ask for a lower price like $50,000 or $30,000 first. I will just answer your question still. $500k per Bitcoin can happen 5-10 years from now. Not quite sure since that is a very huge price increase for a short span of time. With 1M and 2M per Bitcoin, most probably it will take a decade or 2 or maybe 3 before it will happen.

[kentrolla]

May be in 2040 I would love to see countries show green signal for crypto currency and make it legalize especially for BTC. Unless then it's impossible in my opinion, country like China should come forward to make this coin a precious asset just imagine where the price will go if China legalize BTC that could be a remarkable decision.

If the government favor this technology for payment system the price will be over the moon and we can plan our children's future in other planets

[FanEagle]

These type of people hurt bitcoin in the sense that they are making it sound like bitcoin will be something so large that everyone should get in right away and when people see these they mock bitcoin people.

$500K "could be" possible in the Winklevoss twins sense, they think bitcoin is gold 2.0 and it will reach the gold market cap one day, considering it can't do it today, probably in about 10 years at least, that would mean in order for bitcoin to reach gold market cap, we would need bitcoin to be $500k per bitcoin, and even in that sense that is probably the max cap we could ever see in 10 years time, not anytime soon.

So, I would say it is wise to not get pumped about these kinds of numbers but be happy that we are near 20k right now, and hope that we go over it, those are enough.

[exstasie]

As it stands, I'm beginning to think this sideways near the top is a distribution phase before the market slow bleeds into a crash.

Given that you have experience with TA, you can certainly estimate much better what can happen in the market. However, I am a bit more optimistic, and I think that given all the circumstances, there will not be any drastic corrections.

Honestly, I'm not trying to predict. Years of trading has taught me that markets are quite unpredictable. I think more so in terms of possibilities. Anyone who rules out the possibility of a painful correction to the $13,000s or even the $11,000s is naive. It's something we need to be prepared for.

I like the way David (from the Godmode analysis thread) approaches this. Corrections are always inevitable, but there are two types of corrections: time corrections and price corrections. Time corrections are sideways without deep declines. Price corrections are deep and crash-like. It's impossible to know before the fact which one is coming.

The solution to the pandemic is now only a matter of time (months), the new US administration cannot be worse than the last (or maybe it can?), so some things may be normalized in terms of trade with China. Also, institutional money is constantly flowing into the BTC market, and halving has not yet shown its true effects.

Consequently, the conditions for a perfect storm (bull run) are becoming more likely in the next year or maybe a year later.

Don't get me wrong. I'm very bullish on BTC in the next year. I'm probably more bullish than almost anyone around here, given how few can even conceive of $500K or $1M valuations. I'm just talking about short term and mid term (weeks and months) corrections to the ongoing bull trend.

[maydna]

~snip~

With all of the institutions adopting bitcoin news, we see that there's stability that's being maintained at the price point of $17k-$18k. And that's a very fair price knowing that we've got that much good news in the market.

2 years from now for $300k, we don't really know what can happen in that period and there could be a lot of things that can surprise. But with the next halving on 2024 and its next years, I think those years would determine if we'll go higher the 6 digits price for bitcoin.

Adoption from the institutions can bring new hope for bitcoin to become global, and if that happens, we will see the chance for bitcoin price to increase not just for $100k. Perhaps, the price will be more than $300k in the future, although we are not sure if that will happen in the next 2 years, but it will go to that price.

Perhaps, before the next halving 2024, the bitcoin price will be more than $300k, and the price will fly to the higher sky, which we can't imagine. I agree that bitcoin can go higher to the 6 digits price in the future, but we don't know if we can still follow the bitcoin journey.

[eaLiTy]

As Bitcoin possibly gears up to try to hit $100k in the next year, and far higher prices seem an almost certainty in the future, I want to know when you think Bitcoin will hit $500k, $1 million and $2 million?

I am yet to dream about impossible targets right now, if you are confident about the price of BTCitcoin reaching those levels then you can hold the coins for a very long time. First i need to take things as it appears and with the way in which the market is performing now we might see the price rallying up to $30k to $40k depending on how much money is pumped into the market.

[ultrloa]

As Bitcoin possibly gears up to try to hit $100k in the next year, and far higher prices seem an almost certainty in the future, I want to know when you think Bitcoin will hit $500k, $1 million and $2 million?

I am yet to dream about impossible targets right now, if you are confident about the price of BTCitcoin reaching those levels then you can hold the coins for a very long time. First i need to take things as it appears and with the way in which the market is performing now we might see the price rallying up to $30k to $40k depending on how much money is pumped into the market.

Only few whales doing a long term hold since I believe most of them are taken the advantage to gain from the currency activity of the market, I see so many traders which are doing this and they are earning good since they can generate huge by using their big capital in their trades. Maybe  there are few holders but its so risky to believe on something hard to reach but if you really believe that just put some small percent of  your balance  to use for trading's and set the bigger ones on  the one you like like holding it for more years.

[Lucius]

Honestly, I'm not trying to predict. Years of trading has taught me that markets are quite unpredictable. I think more so in terms of possibilities. Anyone who rules out the possibility of a painful correction to the $13,000s or even the $11,000s is naive. It's something we need to be prepared for.

I totally agree, when it comes to Bitcoin anything is possible. I’m completely open to every possible option and I wouldn’t be at all surprised if a 40-50% correction happens, although it doesn’t seem too likely to me at the moment because of all the things I wrote in the previous post.

Don't get me wrong. I'm very bullish on BTC in the next year. I'm probably more bullish than almost anyone around here, given how few can even conceive of $500K or $1M valuations. I'm just talking about short term and mid term (weeks and months) corrections to the ongoing bull trend.

I understand you, all of us here, with some exceptions, are very optimistic that sooner or later the price of 1 BTC will reach six-digit numbers. The only thing that is disputable is the time frame in which this will happen, and I personally think that it is realistic to expect in the next 2 years. Of course, this progress will depend mostly on whether this investment trend of large companies will continue, because by all indications, the current price has been achieved thanks to them.

[Saisher]

By that time (2040) I think it will be a mature asset and its growth will slow (as there is only so much money in the world). By this time it will be a normal asset to hold in bank accounts or bitcoin wallets or money apps of billions of people, it will be a better version of gold for store-of-value investors, there will be trillions in retirement accounts in Bitcoin around the world, it will be a normal asset to hold for hedge funds, it will be a treasury asset for much of the corporate world, central banks will hold a few million combined to compliment their Gold and Dollar holdings.

When do you think it'll hit these price targets for the first time?

I don't have any hint what's going to happen in the next ten years, all I know is the technology is evolving and new technology is being created we do not know if Bitcoin is still the king or there will be a takeover but I hope there will be no change in leadership, it's good that what we early are still part of it after some decades.