Bitcoin - How high can it go?

[Finestream]

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash. 

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

That’s the goal of bitcoin to become very profitable, but I can’t tell as to how high it would reach. But if we trace back the history, bitcoin reaches significant height every year so most probably, we will really get there in time. Just be patient hodling bitcoin and never expect too much about bitcoin knowing it’s a very risky and volatile investment.

[Lanatsa]

!!

That’s the goal of bitcoin to become very profitable, but I can’t tell as to how high it would reach. But if we trace back the history, bitcoin reaches significant height every year so most probably, we will really get there in time. Just be patient hodling bitcoin and never expect too much about bitcoin knowing it’s a very risky and volatile investment.

The always key on here is  that you should really not expect something because there's no assurance on what would be the future or what would happen on Bitcoin.
How high it can go? No one really knows and every speculations and guesses that we do see in the market is always just presumptions.There's no assurance that it could really hit up on certain degree.

How high it can go? Lets assume about those breaking ATH's.Bitcoin never failed on surprising us.We didnt even thought that it could reach up almost 100k.
Yet we've been just wishing that it should break that 20k ATH on previous years and now we are just hovering normally with these levels.

[nurilham]

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?
I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

How long do you want to hold your Bitcoin exactly?  
If you plan to hold 5 years, you can expect Bitcoin to reach $100k. But if you plan to hold 10 years, the price possibly passes $100k.
However, thinking Bitcoin price to achieve $500k to $1m, is too much. We don't know how long Bitcoin to reach that price, even some people may doubt that Bitcoin price can be valued at around $500k or above.

[Sanitough]

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

If you have funds to spare for doing so then just go and also if you have trust btc all the way. But saying that you are holding for 10yrs or more then go for it. Just dont expect a lot of what figure it could be cause no one could really know if btc will be a great investment but one thing is for sure. 10 yrs from now the people who dont uses btc are probably stepping up on using it.

Right. Never think of what will be the future price of bitcoin as history proves that bitcoin never fail us in the long run. Hodling long term needs a lot of patience and I think that’s what we need to overcome first if we can be highly patient whenever the market turns sideways and very unstable, which means bitcoin price will definitely drop again and ends in a low price. But if you believe in bitcoin, never hesitate about it as it will always recover in every price drop and still ends with a profitable price.

[FinallyRegistered]

The best thing one can do in my opinion is to DCA bitcoin indefinitely through bear and bull markets. Price goes up, price goes down.  It always does.  But just continue to put in/accumulate, and you'll have something of value that no one can take from you.  It is such a rewarding experience to hold an asset with the ability to transact for yourself.  The longer you hodl, the more you realize it isn't about price.

[G_Besar]

Bitcoin cam go as high as $100k when it gain the full momentum that will take it to that price. The market is always going up and down. Sometime it will go more down to gain good momentum to go very high to the extent of reach 100k and above. We should not under estimate the market right now because more bulls are coming.

It's not about underestimating market conditions, but everyone who has looked at the current market conditions and made an in-depth research in several ways and stages, begins to make a few conclusions for the price that Bitcoin will reach. Because price fluctuations in Bitcoin will always occur and a big increase in Bitcoin will only occur when there are more moments that can benefit several parties such as investors.

Because the influence of news alone will not be enough to make the price of Bitcoin increase in the market at this time and besides that for now there is no moment that can really affect the price of Bitcoin in the market.

[FanEagle]

I have to say it could go as high as possible, that depends on the time we are talking about. In 10 years, we could definitely see 200k, that doesn't seem impossible at all and it could definitely happen properly. However, 500k is a bit of a risky number, could it happen? It could. Will it happen? I am not so sure. I am sure that it will be somewhere above 200k in 10 years, and that means if we could save a lot until then, we would have a lot of money.

But, I am not sure how much higher than 200k, it could be just 220k, it could be 700k, all I know is that I trust it to be six figures when that time comes. Hopefully we will do a lot better in the long run, and could buy even more.

[Wind_FURY]

Hi all,

I will continue to DCA into Bitcoin and hold till it reaches £200k minimum as anything less is not worth it to me.

Even reaching $200k gives us only 10x from current price and that can take years - with altcoins at least that can happen in months, that is why I am thinking of Altcoins too.

I am a only investing what I can afford to lose so will be interesting so see how Bitcoin performs compared to the altcoins I do have in the next bull run.

Understandable. If you're a "good trader", we plebs don't have the right to to discourage you because we would merely be stopping you from making profits to your maximum potential. But the fact that you're asking plebs like us for advice, I personally would give you the safest advice from my own viewpoint. HODL Bitcoin.

Plus you believe that it probably will take years for Bitcoin to surge to $200,000? OK, perhaps. But I believe, especially after QT, we would see Bitcoin surge the same way it did during 2015 - 2017.

[Artem Sereda]

I take it you have bought 0.03BTC till date. You are doing good if you are buying it with DCA in mind. I would suggest accumulating more till you reach a selling level at which point sell to recover some of your investment and add that to make more BTC.

Realistically I expect bitcoin to at least cross it's last all time high if not 50k USD should be a high selling point. But true bitcoin believers will make targets close to 1mil and never sell.

Altcoins are only a diversion to your money. Don't go too much into them even if you feel that they might do good because they wont. Altcoins are never going to be as big as Bitcoin. Check the charts of Bitcoin and your selected altcoins and you will know the truth. Also to get that good returns, you need the the long term profit from bitcoin not short term altcoin gains.

Here I completely agree, it would be interesting to hear about which altcoins stronger than bitcoin the author says. But as time shows, there are no altcoins as powerful as bitcoin. As for the potential price that the author is talking about, it all depends on how positive the political and marketing influence will be, and what kind of reputation Bitcoin will have, I think we will definitely see an increase to 100,000.

[Franctoshi]

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.
I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?
I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.
I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

DCAing still remains the best way to continue accumulating your Bitcoin or cryptos, I will say you should put the largest Share of your investment capital into Bitcoin, maybe 50% since your expectation is to hodl until 10 years period of time, In this case Bitcoin will suit in this duration of time. Reason?,  it's trusted, transparency and Money secured base on its decentralized nature.

In regards to the future price of BTC, Base on history Bitcoin usually do from 2x-3x of it price after every having, if using 2x of the previous ATH $69k to predict the price , $150k per Bitcoin is realistic price it could get to.

[GeorgeJohn]

I will advice you to continue to hold your bitcoin, because if you can flash back in 2009 and 2010 what was the price of Bitcoin and compare to the current price or state of bitcoin now, you will understand the benefit or the reason behind holding a bitcoin for a long duration. It's encouraging to purchase Bitcoin at lower price and hold for long time, so i believe that. Investing in altcoins is good but it's the ability to find the altcoins that the project is reproductive for investment, but be sure of the coin, and it's understandable that the profit is been determined by the time frame of Bitcoin and the increment in the market.

[GreatArkansas]

There's nothing wrong about the target or expected price of OP, those numbers are always possible because for example from $1 to $69,000(all-time high) of Bitcoin happened so, I believe that $100,000 and above is still possible but it will take time, it will not happen in just a short period of time, I want also to make it happen in a healthy way.

[Chainsmokers]

I take it you have bought 0.03BTC till date. You are doing good if you are buying it with DCA in mind. I would suggest accumulating more till you reach a selling level at which point sell to recover some of your investment and add that to make more BTC.

Realistically I expect bitcoin to at least cross it's last all time high if not 50k USD should be a high selling point. But true bitcoin believers will make targets close to 1mil and never sell.

Altcoins are only a diversion to your money. Don't go too much into them even if you feel that they might do good because they wont. Altcoins are never going to be as big as Bitcoin. Check the charts of Bitcoin and your selected altcoins and you will know the truth. Also to get that good returns, you need the the long term profit from bitcoin not short term altcoin gains.

Here I completely agree, it would be interesting to hear about which altcoins stronger than bitcoin the author says. But as time shows, there are no altcoins as powerful as bitcoin. As for the potential price that the author is talking about, it all depends on how positive the political and marketing influence will be, and what kind of reputation Bitcoin will have, I think we will definitely see an increase to 100,000.

The bear market isn't over yet but there's no doubt about $100k for Bitcoin prices in the future as well, it's just that we're still waiting for a real bottom to be reached,
because we know a lot of people are waiting at $15k and maybe the whales will play around with it so many people get liquidated in the futures market and after that maybe we will see $15k or even $10k,
so don't get too excited to be optimistic in the short term this bear is over.

[dezoel]

The crash started before June but maybe the price drop more after it so it was still a great way to do a DCA. 3% of btc may look small but it can also be huge depending on the amount we are talking about. Their worth can also grow big by the time btc value pumps. It's okay if you have altcoin investments, many experts in fact recommend it as it's a way of diversifying one's fund.

You only want to make sure that the altcoin that you invest in are worthy to hodl for long term. With all the price that you list I think im more certain for 100k but the rest would be questionable, especially 1 million. I think that's unrealistic already even if all the supply of btc have been mined out.

[milewilda]

I take it you have bought 0.03BTC till date. You are doing good if you are buying it with DCA in mind. I would suggest accumulating more till you reach a selling level at which point sell to recover some of your investment and add that to make more BTC.

Realistically I expect bitcoin to at least cross it's last all time high if not 50k USD should be a high selling point. But true bitcoin believers will make targets close to 1mil and never sell.

Altcoins are only a diversion to your money. Don't go too much into them even if you feel that they might do good because they wont. Altcoins are never going to be as big as Bitcoin. Check the charts of Bitcoin and your selected altcoins and you will know the truth. Also to get that good returns, you need the the long term profit from bitcoin not short term altcoin gains.

Here I completely agree, it would be interesting to hear about which altcoins stronger than bitcoin the author says. But as time shows, there are no altcoins as powerful as bitcoin. As for the potential price that the author is talking about, it all depends on how positive the political and marketing influence will be, and what kind of reputation Bitcoin will have, I think we will definitely see an increase to 100,000.

The bear market isn't over yet but there's no doubt about $100k for Bitcoin prices in the future as well, it's just that we're still waiting for a real bottom to be reached,
because we know a lot of people are waiting at $15k and maybe the whales will play around with it so many people get liquidated in the futures market and after that maybe we will see $15k or even $10k,
so don't get too excited to be optimistic in the short term this bear is over.

When you do have able to experience that 2018 onwards bear market or crypto winter then these situations or condition wont really be surprising you as you do already have the idea on whats happening on the market.
Therefore, you should really make yourself that prepared on whatever things you might encounter.Its normal for people to look and say about possible bottom which you couldnt really resist
on waiting for possible lowest price for us to place ourselves and able to accumulate.
Speaking of new ATH then it would be usually happening on after halving which it cant be determined on how far we could go but basing up on history then Bitcoin never
fails to surprise us.

[Oceat]

There's nothing wrong about the target or expected price of OP, those numbers are always possible because for example from $1 to $69,000(all-time high) of Bitcoin happened so, I believe that $100,000 and above is still possible but it will take time, it will not happen in just a short period of time, I want also to make it happen in a healthy way.

Yeah right, I want it to happen in a healthy way too but people are too excited perhaps they can't wait that long til Bitcoin hits the $100k. I believe Bitcoin will head there or even more in the future but for now let's just ride what's the market best to offer. We are now in a bear market and so it's the time for accumulation or do some DCA depends on how someone would manage to make some profit during this recession.

[Vinaa77]

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

Hearing people talk about the price of Bitcoin reaching $100k, $250k, even $500k might seem strange. The feeling of something impossible happening. But Bitcoin can exceed that price limit. It will even reach $1 million. Of course the high price requires a long process. Or we can say with a natural phenomenon that will change the price of Bitcoin to reach $ 1 million. Like the bullrun process last year, it seemed as if the Bitcoin price would not reach $50k, but in reality the Bitcoin price passed $50k.

[Viscore]

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash. 

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

Bitcoin has proven its high profitability a lot of times so you should never doubt it and continue to do DCA because it’s the right thing to do. And to think that it’s value always seen increasing in time, then there are really high chances that it could reach above $100k and beyond. But telling what future price in particular, no one can tell about it. Bitcoin has always high volatility, so it never gives fixed and certain price as always.

[KingsDen]

There is some kind of contradiction of belief and decision in your post. If you are strongly sure that you want to hold a coin for the next 10 years why not go all for bitcoin? You are talking about 10 years and you are still saying of selling off your bitcoin to buy a strong altcoin. Are you sure the altcoin is going to last till 10yrs?
Besides, I am not even a fan of saying the amount of years you want to leave your investment. If you buy bitcoin now and bitcoin manages to make a new all-time high at $70k, sell off your bitcoin and wait for another opportunity. I could be wrong but it could also be a wise decision

[Quidat]

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

 

Investors, on the contrary, try to shift from altcoins to bitcoin, while you have the opposite. Or have you still not understood that altcoins are not suitable for long-term investment due to the fact that they are too centralized and subject to various hacks and exploits? Altcoins are good for medium-term investments, but then they still lose 90-99% of their value. Of course, there are good examples of altcoins that rise in price over time, such as LTC, ETH, DOGE, etc., but shifting liquidity from bitcoin into them would be extremely stupid. Name at least one advantage of any altcoin over a distance of 5-10 years that bitcoin does not have. If you cannot answer this question, then there is no point in leaving bitcoin for altcoins.

Not all but there are indeed some options we could take because not all people could really take that kind of holding for very long time in case they do go all in with Bitcoin.
Some would really be having reconsiderations on finding another options which i cant really blame others on making diversification on altcoins which im also doing it.
Speaking about Bitcoins value on how high its price could eventually go then it would really be totally depending because it all matters with the demand and recognition
on the community.It could be affected on some other factors and this is what makes too unpredictable.