Topic: $100K by 2022 vs $100k by 2032 (Read 303 times)

Nope and Nope, I say in five years the best case scenario in my opinion is it will increase around 50-70k, otherwise
between 1-10k still or below 1k. I guess the risk of potential encryption exposure as the time passes by is a major catalyst for a downward trend of its prices. The 50-70k projection is assuming BTC is still relevant at that time and the scarcity of BTC.

This is because with such low price, even the biggest miners will find it hard to survive, and as such, they could abandon BTC for good. And as it is already known as the store of value and legendary crypto, it is hard to believe that any country would have risked the death of BTC, which would be a true mass-extinction of most of the cryptos.
Their new, local cryptocurrency would have been heavily struck by such events as well.
As well if we are speaking of illegal cryptos - it can be predicted that by 2032 most of the global authorities will outlaw privacy coins. This is what they can do.

What we could fear more is that authorities would create a list of "speculation coins", which will not be used as a digital currency but only an investment, which trading requires a license from you.

Why is the possibility so small to have it go under $1k? 10 years is a very long time span, there are so many possibilities, so many things can happen. Having so many LARGE countries already testing their national cryptocurrency, I can even take into consideration the possibility of Bitcoin becoming illegal through law due to "high volatility", "high risk", "money laundering" and "illicit activity" which would obviously be the statement any national cryptocurrency-developing country would use to promote theirs.

Although Bitcoin is open source and has been alive and growing for so long, there are so many things that might happen including the "death" of it caused by the lack of development and growth, or the lack of interest from miners. There are so many projects and companies that went well for many years and turned into a failure in the end. $1k and under is very possible, and likely +50% of the people saying right now they'd buy at $1k and under would change their mind by then. It's the panic and the FUD spreading around that influences you subconsciously.



Not sure what to say about that. Volatility will still be there unless there's a factor that would control it. For now, we mostly have whales doing it.

LATER EDIT:Wow, I just noticed the OP is from November 2019 .. should check the dates more often

Both 2022 and 2032 are plausible, both could happen.

I would say though that if we hit $100k by 2022 it won't be sustainable, and prices will dip hugely again.
By 2032 the crypto economy should be far more mature, and in theory volatility should have dropped.

So perhaps the best idea is to ride the peaks and troughs whilst the volatility is still here, buying and selling at opportune moments to increase holdings. In that way a small amount of BTC now could become a large amount by the time we have sustainable high prices.

Since it hit the peak of $20K it has been going down.  Each major peak is lower than the previous major peak and the minor peaks don't do much either.  If btc dies then it will DIE.  It will die because people are not using it and only trading it for even shitter coins.

Below $1000 rather hardly possible, but we may observe a real crypto winter for some time, due to the chaos related to FATF and new AMLP legislation, which can be a real problem for processing the transactions from one wallet to another (necessary verification of sending an receiving party wallet ownership, black list of countries and individuals - like with bank transfer).

I dont believe in 100k it will be a worldwide revolution and could bring crisis on the world, many govermenets that will be destroyed.
Why? Becuase new billionaires will got huge impact on worldwide stocks and goods. Than it could be a prices revolution.

I believe that highest point of bitcoin is some 33k, when ?  It could go from 10k-30k in few weeks. No-one knows.

Or maybe there could be a negative scenario, where the price drops below 1k for example? In the past almost two years I have seen way too many predictions and like 95% of them currently failed. So probably the best thing is too wait for some more time and not concentrate on something what could possibly happen in 13 years.

Those are the two scenarios im contemplating right now.

$100k by 2022: We continue going through the current (which in my book, has already started) accumulation period to shoot up to a parabolic move to 100k by 2022, then crash an 70-80%. We do not revisit lower lows. $1million

$100k by 2032: We go throught a "crypto-winter" of sorts, we visit lower lows (as low as 1k ish, completing the model of an Hyperwave). We get to pic a fuckton of cheap coins for a while because Bitcoin becomes pretty much dead again by normies and stablishment. Which means good news as we spend years buying coins in this limbo of 1k-3k. By 2032, it shots up to 100k as people wake up to all the time they've lost saving fiat instead of Bitcoin.

On both scenarios we end up rich:

Scenario 1, your current BTC will be worth a fuckton by 2032, even if you are not able to increase your stack by much anymore in terms of BTC as it becomes increasingly harder to add in +1 BTC due the higher prices. You are now rich.

Scenario 2, you have accumulated a lot of BTC through the crypto winter period, which means that by the time it goes to 100k, you are sitting on a lot of BTC, also rich.