I believe
by 2020 anyone holding 100 Bitcoin should have a guaranteed retirement.
Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 22. (Read 77417 times)
10k$ is too much i guess. the value should be around 5k in 5 years. though it's very much possible that you might end up having nothing in 5 years. keep praying for the better!
So even a person like me who has 5 btc, can go from free $5,000 profit.. but 2020 is long time to wait.
$1k value is what I hope for as well, but I dont see this anytime soon since it could be similar to dropping back in the lower or mid $150ish? if we dont resolve that 1mb problem.
Long time to wait? I don't know about you, but the last 5 years have flown by for me, and I can only assume the next 5 will be just as fast. If BTC is still around in 5 years (which I believe it will be) we are going to be astounded by the growth in its applications, and the amount of people using it. Exciting times! $1k value is what I hope for as well, but I dont see this anytime soon since it could be similar to dropping back in the lower or mid $150ish? if we dont resolve that 1mb problem.
i'm always talking about the halving, because it is the only thing concrete, that could have an impact about the price, everything else is just pure guessing and rubbish predictions, instead we know that the halving is something tangible that will happen for sure
What do you expect in the Speculation forum?
well most of them are baseless prediction, i respect those with good TA background that try to determinate the price based on the chart's history,
i guess blind predictions can be ok for short term, but any long term prediction must be done with solid bases that we know that they will affect the price, like the halving or a good investments, like the one of 9M per month https://bitcointalksearch.org/topic/9-million-usd-per-month-is-looking-for-ways-to-jump-into-bitcoin-1105725
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
that's in theory if everything go well, but we know that something always go wrong, i would remove one zero from that amount, if we keep struggle to even touch 300, it is a bit too fanciful to think about numbers with 5 zeroes
the 2016 halving will tell has how much of an impact one halving can really have on the price, from there it will be possible to estimate better the price for the next halving(2020)
Just because something sounds too good to be true doesn't mean it won't happen. If the fundamentals are there, who knows. We could potentially see 6-digit bitcoins. But when that happens, if it ever does, it will be because of huge increase in demand through killer apps and general acceptance by the world. It will NOT be because of mining rewards being reduced.
another thing is the Greece news, you can see that in a couple of days that single news had a great impact on the market and pushed the price up to $268
I don't think the killer app is the halving itself.
Think from the perspective of someone who isn't into bitcoin yet. Why would they join bitcoin because the mining rewards halved? There's no benefit to them, so they won't join. Halving won't increase demand at all. What it does is increase the stress to miners, because suddenly their rewards are halved.
Okay, maybe not "halved". Maybe the price will go up a little bit because of the halving, so they'll earn 60% of what they originally earned. That's still detrimental to any business. Plus it's possible the halving will actually DECREASE the price, because so many people like yourself is expecting that the price will increase with the halving, if it doesn't, maybe some of these people will be disappointed and start dumping.
Either way, I can't see the halving as an event that will help catapult bitcoin to the moon. In fact, I don't even think it's necessarily a good for bitcoin at this point in time.
Sure, mining rewards is the only thing that's "certain" right now. But the total affect it has on the economy is tiny.
Focusing only on mining rewards is like a guy only focusing on his own wage thinking it's representative of the world's gdp; when he gets a raise, he thinks the world gdp is going way up, and when he gets fired, he thinks the world is going through another economic depression. Then you tell him, "well, you're not the only thing that makes up the world economy", and his rebuttal is "well I don't know about how much other people earn, I only know how much I earn myself so that's the only thing that's concrete".
It's just a bad argument.
Think from the perspective of someone who isn't into bitcoin yet. Why would they join bitcoin because the mining rewards halved? There's no benefit to them, so they won't join. Halving won't increase demand at all. What it does is increase the stress to miners, because suddenly their rewards are halved.
Okay, maybe not "halved". Maybe the price will go up a little bit because of the halving, so they'll earn 60% of what they originally earned. That's still detrimental to any business. Plus it's possible the halving will actually DECREASE the price, because so many people like yourself is expecting that the price will increase with the halving, if it doesn't, maybe some of these people will be disappointed and start dumping.
Either way, I can't see the halving as an event that will help catapult bitcoin to the moon. In fact, I don't even think it's necessarily a good for bitcoin at this point in time.
Sure, mining rewards is the only thing that's "certain" right now. But the total affect it has on the economy is tiny.
Focusing only on mining rewards is like a guy only focusing on his own wage thinking it's representative of the world's gdp; when he gets a raise, he thinks the world gdp is going way up, and when he gets fired, he thinks the world is going through another economic depression. Then you tell him, "well, you're not the only thing that makes up the world economy", and his rebuttal is "well I don't know about how much other people earn, I only know how much I earn myself so that's the only thing that's concrete".
It's just a bad argument.
i'm always talking about the halving, because it is the only thing concrete, that could have an impact about the price, everything else is just pure guessing and rubbish predictions, instead we know that the halving is something tangible that will happen for sure
What do you expect in the Speculation forum?
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
that's in theory if everything go well, but we know that something always go wrong, i would remove one zero from that amount, if we keep struggle to even touch 300, it is a bit too fanciful to think about numbers with 5 zeroes
the 2016 halving will tell has how much of an impact one halving can really have on the price, from there it will be possible to estimate better the price for the next halving(2020)
Just because something sounds too good to be true doesn't mean it won't happen. If the fundamentals are there, who knows. We could potentially see 6-digit bitcoins. But when that happens, if it ever does, it will be because of huge increase in demand through killer apps and general acceptance by the world. It will NOT be because of mining rewards being reduced.
i'm always talking about the halving, because it is the only thing concrete, that could have an impact about the price, everything else is just pure guessing and rubbish predictions, instead we know that the halving is something tangible that will happen for sure
what if the killer app is the halving it self? because right now this killer app is just another random guessing....
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
that's in theory if everything go well, but we know that something always go wrong, i would remove one zero from that amount, if we keep struggle to even touch 300, it is a bit too fanciful to think about numbers with 5 zeroes
the 2016 halving will tell has how much of an impact one halving can really have on the price, from there it will be possible to estimate better the price for the next halving(2020)
Just because something sounds too good to be true doesn't mean it won't happen. If the fundamentals are there, who knows. We could potentially see 6-digit bitcoins. But when that happens, if it ever does, it will be because of huge increase in demand through killer apps and general acceptance by the world. It will NOT be because of mining rewards being reduced.
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
that's in theory if everything go well, but we know that something always go wrong, i would remove one zero from that amount, if we keep struggle to even touch 300, it is a bit too fanciful to think about numbers with 5 zeroes
the 2016 halving will tell has how much of an impact one halving can really have on the price, from there it will be possible to estimate better the price for the next halving(2020)
Whoosh!
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
that's in theory if everything go well, but we know that something always go wrong, i would remove one zero from that amount, if we keep struggle to even touch 300, it is a bit too fanciful to think about numbers with 5 zeroes
the 2016 halving will tell has how much of an impact one halving can really have on the price, from there it will be possible to estimate better the price for the next halving(2020)
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
You're thinking linearly while populations and technology is adopted exponentially. Instead of counting to 1K you need to measure the percentage move of $2 -> $1200. That's over 500x. To get an estimate of the prices we'll see in 5 years take the lowest price of the year - $160 or so - and multiply by 500. $80,000+
So even a person like me who has 5 btc, can go from free $5,000 profit.. but 2020 is long time to wait.
$1k value is what I hope for as well, but I dont see this anytime soon since it could be similar to dropping back in the lower or mid $150ish? if we dont resolve that 1mb problem.
$1k value is what I hope for as well, but I dont see this anytime soon since it could be similar to dropping back in the lower or mid $150ish? if we dont resolve that 1mb problem.
it took 4 years or so to get to 1K, and dropped back....I think we could see 10K in 5 more years, but perhaps it will drop back to 1000 ~ 2000 as the new 200~300
I think we may have to wait at least a few more months for the infrastructure to grow a new price foundation before we get any serious growth in prices again.
I think it will be around 3000$ only, not as much as 10,000$. It needs hype throughout 10 years to slide up to 10k per btc. If however, the bitcoin does slide to TEN THOUSAND DOLLARS, I would be the happiest person and LIVE LIKE A BOSS 
It would be great if we knew the future, at least sometimes, but we don't so we can't know for sure. We can only predict.
The price of BTC is whatever people are willing to pay for it.. and as the applications of BTC are increasing rather than decreasing and number of coins mined daily are also decreasing, it's likely that it will remain here and high priced. hold for at least 5 years
by 2020 is only in 5 years.
if I see history, I feel like its`ll go through a similar process, but more events will happen since we are getting closer to halving situations and other stuff.
if I see history, I feel like its`ll go through a similar process, but more events will happen since we are getting closer to halving situations and other stuff.
Maybe 2020 could be the year, have in mind the .com and domain boom happen in a 10 year expand most of the big companies now in 1990 where just beginning in a garage someone in the world, so 2009 begin of bitcoin 2020 could be a good year to claim.
by 2020 is only in 5 years.
if I see history, I feel like its`ll go through a similar process, but more events will happen since we are getting closer to halving situations and other stuff.
if I see history, I feel like its`ll go through a similar process, but more events will happen since we are getting closer to halving situations and other stuff.
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