Will Bitcoin ever go over 600 in next 5 years? (Till 2020)

[Roccker]

Will Bitcoin ever go over 600 in next 5 years? (Till 2020)



Feel free to add your reasons!



Bitcoin price-future is dark -  camp:
- The last bubble was the last one and it will never rise again this high
- The world is exposed to Bitcoin and it said ‘Nay’

Bitcoin price-future is light - camp:
- Bitcoin is still not mainstream, we are at the beginnings
- Fundamentals (Retailers who accept bitcoin, number of users, number of addresses, number of transactions, Millions that are invested in bitcoin-companies and technology) are good and getting better.
- Next bitcoin halving 2016 or 2017, inflation drops
- winklevoss presentation on bitcoins: https://winklevosscapital.com/value-investors-congress-presentation/
- Coindesk bitcoin fundamentals changing through 2014: http://www.coindesk.com/state-bitcoin-2015-ecosystem-grows-despite-price-decline/

- Big question mark is these EFT’s that shall bring Bitcoin to Wall Street.

[Assad]

Yes.

It is just 3x rise.

Will happens, even if in a quick pump bull trap

[ParabellumLite]

Really nothing can be said about it in such a timespan. I expect it to be overtaken by Crypto 2.0 well before then, probably in 2015/2016 ish, only to never rise again. Then, again who knows? What I do want to remark is that Bitcoin is being associated with all types of negative and criminal behavior, and its reputation might as well be permanently destroyed. This, in my opinion, will ensure that it will never really get back to the numbers we saw around november/december 2013 and later on.

[xmasdobo]

Yes.

It is just 3x rise.

Will happens, even if in a quick pump bull trap

Something like this. You are scared to dream high now that we are under bad times, but you are undervaluing it hardly long term by doing so.

[stonerider]

Probably not this year, but in 5 years? Sure, why not? Anything can happen in the next 5 years.

[Kupsi]

Give it six months...

[pjviitas]

Bitcoin is a reflection of society...a walking zombie.

[homo homini lupus]

first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'

Bitcoin is a reflection of society...a walking zombie.

And society hasn't even arrived ... these are still the more intelligent zombies these days ...

[Arv1e]

first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'

Bitcoin is a reflection of society...a walking zombie.

And society hasn't even arrived ... these are still the more intelligent zombies these days ...

This is almost impossible.

1  most coins are held for the long term
2 As the price drops then it becomes more attractive an investment
3  Far to much money will flood in to buy BTC well before hitting $100

I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely)

So may I suggest you put forward reasons why it will go sub $100 without  a flood of coins being bought?

[homo homini lupus]

first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'

Bitcoin is a reflection of society...a walking zombie.

And society hasn't even arrived ... these are still the more intelligent zombies these days ...

This is almost impossible.

1  most coins are held for the long term
2 As the price drops then it becomes more attractive an investment
3  Far to much money will flood in to buy BTC well before hitting $100

I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely)

So may I suggest you put forward reasons why it will go sub $100 without  a flood of coins being bought?

Sure it has fundamental problems like the inflation and a lot other things. Look at the charts for confirmation Bitcoin fundamentals suck ass.

[arvindr]

I don't think it would increase without any news. The only reason it might happen could be halving or the ETF.

[UnDerDoG81]

I wish it would but I doubt it. People will take advantage of every little high/peak to sell and make profit. This will keep the price down every time when BTC is rising.

But when I look at your deadline, till 2020, yes it will go over 600 easily.

[inca]

first: we have to figure out the rock bottom!

So in case bitcoin bounces off somewhere between 5$ and 120$ we could look at this question again. Before finding bottom: useless idea even to think about 'what if'

Bitcoin is a reflection of society...a walking zombie.

And society hasn't even arrived ... these are still the more intelligent zombies these days ...

This is almost impossible.

1  most coins are held for the long term
2 As the price drops then it becomes more attractive an investment
3  Far to much money will flood in to buy BTC well before hitting $100

I will caveat this with one proviso. Underlying Bitcoin technology isnt found to be totally flawed ( As it is open source and been under the microscope of pletny then this is very very unlikely)

So may I suggest you put forward reasons why it will go sub $100 without  a flood of coins being bought?

Sure it has fundamental problems like the inflation and a lot other things. Look at the charts for confirmation Bitcoin fundamentals suck ass.

On the contrary programmatic exponentially reducing inflation is a feature not a fundamental problem.

That aside you are predicting vastly lower prices because 'line on a chart points down' after a high volume capitulation and an 85% decline - in fact using the chart to justify fundamentals (chortle).

Good luck

[swansong]

not in 5 years but 5 months i say yes.

[Q7]

I'm going to be neutral on this one but seeing that there is no option for it, I would say that I'll lean slightly towards the light camp. Reason mainly. bitcoin is still at the early stage. fiat has been around for as long as the current banking system but 5 years is still at the beginning stage. The technology mainly how unique blockchain is. Almost complete anonymity. And my favaorite is how it can be used as low fee cross border transactions.

[shivamchawla]

The only one that can do that are the winklevoss brothers.

[g-unit]

not in 5 years but 5 months i say yes.

What makes you think this? Just curious but I hope you're right .

[btcjoin14]

is just speculating. Because no one really has a clue.

[R2D221]

What I do want to remark is that Bitcoin is being associated with all types of negative and criminal behavior, and its reputation might as well be permanently destroyed. This, in my opinion, will ensure that it will never really get back to the numbers we saw around november/december 2013 and later on.

What makes you think that an altcoin won't be used by criminals if it surpasses Bitcoin? Its reputation will be affected as well.

[Malin Keshar]

no speculative bubble in 5 years?

Not gonna happen