Topic: Are we headed for 250k btc in 12-18 months? - page 2. (Read 1131 times)

I saw a projection earlier from Tone Vays saying over 20k by end of 2021 and he was using Nasdaq recovery for comparison and estimate.  That seems a fair scale and pace to price progression.


Here found it, its obviously alot harder to say precisely but I agree with the scale rather then these ideas of 250k per BTC which would be disproportionate to the rest of the world.

I understand that when there is an increase in the prices people are reacting like this is going to be the greatest increase in the history of bitcoin and they do it all the time. I have been in the bitcoin world for over 7 years now and I have seen it all, I remember the times when people talked about these type of increases and they have said that bitcoin will be 1 million dollars very soon after that 20k increase as well and we went down as low as 3k after that, I have told people not to hype bitcoin this much because it would hurt them but they didn't listen.

I think the increases will continue and I feel like the increases could eventually break the all time high and create a new one but I do not believe that we are going to have anything close to 250k anytime soon.

On the other side of things, we've got all the central bank money printing, especially from the Fed. The stock market may be in a bubble, but as long as the USD doesn't collapse, they can keep it propped up. They seem quite intent on preventing a 1930s-like depression, by any means possible.

It's a crazy and unpredictable situation considering COVID-19, but I'm starting to think all the money printing is too much for anyone to keep a lid on the markets. I guess that's the point.

Bitcoin runs in roughly 4 year cycles and yes, 250k is very possible in the next 18 months or so. I've lived through enough of these cycles to understand how they work. Plenty of information out there if you take the time to learn. The thing that might tank this cycle will be covid-19 and or a worldwide depression brought on by economic collapse. The global stock market is in a bubble that can pop at any time. A black swan will hang over this cycle...

This is exactly right. Bitcoin is only correlated to human need for it. That is its purpose and has been since the early days.

I cannot believe the garbage I hear these days that is written in the Blockchain press, e.g. "Bitcoin rose 4% as the Fed stimulus bill began to kick in and COVID-19 fears abated in parts of Europe". If you are new to Bitcoin, all I can suggest is that you study some history of it, and in particular of its community focus, original utility as the unit of payment to fund Julian Assange's legal campaign, use in Afghanistan, Iraq and even Greece as those countries' national currencies became eaten up daily by inflation. Are we - any of us - really above these events now? We have people rioting on the streets about human breeds (race)? We believe in biologically impossibly rapid-spreading deadly viruses that kill millions in a fell swoop without evidence. We believe and trust our mainstream media executives and place our trust in the incompetence of politicians who apparently are 'democratically elected'. We are one away from self-destruction today, and all there will be left in the clean-up for the ones who are strong enough to see it through is really that which is immutable to control, that which represents true value storage, practical, digitally-enabled utility, and which is already by far the most decentralized we can find.

Since we are not halting our belief in mythical deaths and since we have no courage to stand up to the blatant corruption that has been caused, cross-party, trans-nationally, in our own names, it's only a matter of a relatively short period of time until something gives.

Human need for Bitcoin will surge when this house of cards goes up in flames and when the most ignorant of society are condemned to the heat of its embers on the barn floorboards: at that point, Bitcoin will end up a lot bigger than most people imagine.

It won't be long, so watch closely. The first world is sinking into a new version of the third world, one we may call the fourth world. Bitcoin will be one of the lifelines out of that fourth world except that on it will come millions of zombiefied humans stuck on the internet news sites still believing while being presented with the exact opposite in evidence every time, but at least a few enlightened humans will make it across the conceptual archway that now stands before us and our future. For this to happen, we are probably only talking 2-3 years there on the clock for that to transpire. Tick, tock.

 

250k ain't happening this market cycle. Maaaybe in the next one (so like 6ish years?), but probably more like a decade from now.

I'd say we're looking at probably an 80k-120k peak price in the next roughly 18-30 months. Bull run peak probably sometime in 2022 and challenging $100k.

I keep saying it, but this is because it feels like no one really understands what this means - a currency is only a reflection of the value that it is able to and which it does actually purchase. Let's say I move to an island and I start a village. I bring 2500 men and 2500 women and each man and woman makes approximately $10,000 of goods of which half of that they sell to each other. I make money so the men and women don't have to actually trade their apples for oranges and cow's milk for veal etc, but instead can use a medium of exchange. Assume that I do it as a one-time thing, and don't bother increasing units, and that I base my currency units on the amount of Year 1 trade undertaken - so $25 million of trade ($5000 per capital x 5000 people, half of which is men and half of which is women); thus, 25,000,000 Island Coins.

Now, at the start of Year 2 everyone has approximately 5,000 Island Coins worth a dollar each, but by the end of Year 2, everyone roughly tripled production per capita, and around a quarter of my islanders managed to save. Furthermore, everyone actually managed to fulfil 80% of their production quotas in Year 2 with sales! This is what this looks like:

Actualized Production: $75,000,000 (80% of which resulted in transacted value in the form of coins thus:)
($60,000,000 Island Domestic Product Sales) / (25,000,000 Island Coins) = $2.40 per Island Coin
+ 5,000,000 Island Coins Saved (25%) = $3 per Island Coin

This is a very very basic guide - but still a very very valid guide - to how currency values are formed (all the best answers are simple). But my point is, unit value against USD is irrelevant in terms of what you imagine is appropriate if you are not doing these calculations first. If I had issued only 25,000 Island Coins originally, each Island Coin would now be worth $3,000 - it is here nor there what the price per coin is. Simply, the coin reaches the value of goods produced (interpret that here to mean made and sold) divided by the issued units plus any trade surplus capital (interpret that to mean saving).

Now, we must first therefore understand WHAT BTC is purchasing in the next 12-18 months that it is not already purchasing today. Plus, do we have less supply? Plus, what's the cost of production of the currency and the anticipated savings rate? All these questions point towards the answers I have given earlier in this thread as OP.

It doesn't matter whether $250k seems like a lot of money to you. That is irrelevant. BTC's unit value is a very specific calculation based only on the stuff above that I have been explaining throughout this thread If the banks are able to custody the asset as was announced and as you correctly point out here, then a 5% share of global currency value gross is hardly over-ambitious. That's around $250,000 / BTC.

That's a huge upwardo movement and frankly speaking Bitcoin can't be able to get to such height soon, especially this year to next year. Bitcoin hasn't the bubbles right now for the shooting as many speculators had said but with time bitcoin will surprise the entire globe again. According to news today, bitcoin is now recognized as a form of money by the US government which will help the said Bitcoin grow faster.

Agreed. $400k is about where the next top is, yes.

It's nice to see optimists, yes, that is true but we need to keep our feet on the ground. $250k is way exaggerated preduction having in mind current situation in the market, as well as past few movements. Bitcoin is struggling to get to 10000$ and that seems like a goal hard to achieve. So, think twice about $250k for thet we would need very sharp and very fast continuous price rise for a longer period of time which is not likely to happen.

If $205k price happens, fine and good but if it doesn't happen, it doesn't stop or change the fact of bitcoin leading all the price of altcoin

Am just being hopeful, hoping that soon or later bitcoin will hit $250k someday. Its just a matter of time and patience.
After this covid-19 everything will align together in favor of bitcoin

crypto is an unpredictable market and it is possible to happen, although it also has to be realistic in exposing the price that bitcoin will achieve.
If you look in the mirror of the past halving, in the second halving there is an increase when after passing a year later. will this happen to halving at this time? I strongly believe that, but at what price will be achieved is still difficult to predict. we are waiting for when the price of bitcoin later at the end of this year will be reached at what number, or whether it will go down again and then rise again.

The  best explanation is a chart with detailed of the past performances I like to think that Bitcoin is coming or heading to $250 k I don;t like to be negative on it because we have seen in the past how Bitcoin explode it's price in just a short of period time, and it's possible that it will happen again and I believe it will.

12-18 months meaning from today up to the end of 2022?

that is long margin of time to expect that growth but i think that years wasn't that enough because 250k dollars is very high amount to look at.
i believe that in the next halving opportunity to reach that is indeed,but of course we need to buy crypto also before we reach that point because nothing  will  happen in this market if all of you are expecting without doing anything to help the market grow.

I see that the entire market is very optimistic over the past 24 hours. It looks like bitcoin is going (once again) to 10k. Good pace, but we have seen similar movements in the past. I am glad that the ETH is growing in parallel, this speaks of some fundamental events affecting the crypto market.
In any case, the answer to the main question of this topic is still no 

Yeah this price is slowly moving as of the moment, and we can't predict accurately due to lesser demand coming. Don't expect any corrections to happen this month or next, just have fair outlook on the possible results. Our hard work will prevail, and if you're having patience I believed we will survive until such time bullrun comes.

Dont even wish for 250k in such a small time, this represents collapse of some kind.    Just look at the potential difference between those two numbers, consider not just the singular unit but the entire market capitalisation.   We should be quoting how large would BTC be in entirety not just a price, its far too much.   So sure anything is possible but its a fine line between a rocket and an explosion and that much energy in the price suggests to me something went badly wrong, perhaps in dollar or BTC rises too fast and self destructs.   That might be ironic but its far better to get stable rises which confirm over years, I keep saying 10k is a great price and its true when it holds its building something stable I think.

Probably not going to see $250k for bitcoin, the current happenings around the cryptocurrency isn't telling anything good on Bitcoin hitting such a higher price in the coming months ahead. The bullish guesses should be postpone to next year when the moon will be visible according to Bitcoin history from inception. Maybe the cryptocurrency market will see another all high coming 2021 and bitcoin will bring the good news to it holders, $250k isn't going to be feasible IMO.

I like people that very optimistic when it comes to bitcoin price, we know that this is the most anticipated event that usually crypto holders want and they wish. But frankly speaking, $250k within the year, it's a kinda impossible thing for me.

As we can see bitcoin price was doing good right now, I don't see any reason why it will dump next week or next month, if there is, I am sure it was a short correction but surely there will be an always resistance.

The demand and supply will be effective can be used as an indicator to predict the price, but as of now, we are ranging on $9k price.

All of us do hope for the best but going into numbers that way too far off to say isnt really my thing.Always god for realistic one so that you  wont get frustrated if the market didnt able to meet up your expectations.These numbers arent really that something new because you can see such stuff everynow and then specially when the market is tending to hype up.People can make calculations in advanced basing up on previous movements or into its history but to think that it wouldnt move the same way before.Its all random and it all basing up on communities support and demand.
$250000 price is too far-off from the reality.