Topic: Bitcoin $400,000 (?) (Read 689 times)

That is without a doubt the big question, when will bitcoin reach those kind of prices? And we need to be honest and say that we do not know, but we know something and that is that if the economy keeps going in the same direction is going then a very high price for each bitcoin is almost inevitable, even if in the future as the economic situation worsens governments declared every single cryptocurrency as illegal people will keep using them.

If anything we have to wonder that in the case bitcoin is made illegal its price could go up even more as the demand will keep been high and it will be difficult to find a supplier of bitcoin for those that want to have it.

If you look at the scaling solution of bitcoin, it was not meant for a wider adoption and people are not tech savvy to understand everything about lightning network and have a massive adoption and hence the question about when the price would increase depends upon when the developers can find a solution for a good scaling model so that you can have a million transaction and without those solution thinking about higher valuation is fruitless.

These predictions will all come true at some point. The big question is "when".

With an on going printing of Fiat paper money the prediction is bound to come true. (Of course as long as the adoption of bitcoin stays the same or rises significantly higher in the future)

Of course, that at any time someone can invent better technology than blockchain or Bitcoin 2 and all the fun with the new ATH after halving will end. But for that is this thread, to speculate about it.

Correct. That should be the idea.
Stick with reality. Stop imagining things too much.
Back to the truth.
We cannot even see a $50k increase this year or the next year.
Hell! even $20k is difficult to be believed again. Halving is coming, we might see a price pump but it is still unsure.

Gold has an exact dimension to it, its not hard to discern really.   I could dig up the picture of a particular scale but the way to quickly tell a fake from real for a gold coin is to measure both weight and exact dimensions at the same time, there is no other combination that can result in a correct balance except for gold as it is a unique element its not that hard to seperate fakes.
  The only reason this isnt common knowledge is gold as common coin and exchange has fallen out of use almost anywhere and it is mostly digital now whether its FIAT or crypto or any standard, we all find digital means far more convenient then a standard from hundred years ago or earlier.   The gold standard I'm most familiar with was devised by Issac Newton of more famous physics fame but theres nothing wrong with something thats worked for hundreds of years, its quite likely we do come to find a use for it at least to some extent.  

I have no belief we'll have precious metal coins required as money but I'm quite certain gold will be more used in ten years or twenty years more then it is now.    The possibility of FIAT decline or 'Peak Debt' is dismissed out of hand by finance establishment but then so is the need for crypto or the idea of independence via decentralisation, they all believe the world will find its own way but history says it'll crash as a corrupt system to rot and collapse.   That is the natural order greater then the duration of any man or empire.
   Its surely better for us to fall back on something like crypto however much elites may dislike it, if the system does work it'll be increasingly more use then a failed system.



Im no expert but these simple scales arent easy to fool so far as I know, they'll be vids on it.   Theres lots of gold bugs who think we'll be 100% gold in future, I dont but it'll be a greater percentage then near to zero now.
  If BTC is to be 400k it'll be part of that story of a reversion to mean that includes the story all the way back to Newton

Uhm well the relation between Gold and Bitcoin is quite obvious ? But I was very shocked when I started of thinking to buy some gold coins or something similar and how difficult it is for an amateur to differentiate between true gold coins and possible fake versions of it. Whereby I know exactly that the Bitcoins are genuine.

Predictions like the one we see in this thread are useless, we could use all kind of ways to try to guess the future price of bitcoin but the only thing all of those predictions tell is that bitcoin will become extremely valuable in the future, and we did not needed to be market experts to know that, bitcoin is like no other asset in the world and it will become more valuable as time passes.

The prediction in which I will be interested is if someone could actually tell when that will happen but I know that is impossible to tell since the value of bitcoin will depend on whether adopting through the world happens or not and that depends on too many factors.

bitcoin and gold dont really have a relation if i were to ask because both of them are different  . one is digital and the other one can only be found offline or have its own physical form  .  people tend to believe more on gold than in btc because they can see and hold it but anyways , his prediction was last month and few weeks have passed from now but btc is still down  and december is also comming so i dont think that btc can reach that said amount which was 400k usd  . maybe next year tho that is more possible .

Seriously speaking btc prices have came long way from starting and reached $20k in 2017 but now they stands at almost $9k but its not easy to reach such level of prices.
The next year halving can lead prices surge to $15-$20k again and in future the prices will reach $45000 above with increased adoption and technical issues being solved like speed,fees and technology.So its long way before we reach that level inspite btc being volatile and anything can happen in this market.So we need to ignore such speculation by people who call them experts and wait for the right moment to come and gain profits.

No one can predict anything now because whales are pretty active in market and doing occasional pump and dump of small value rather than huge fluctuations like they used to do in the past, whenever the crowd in this forum comes a conclusion like it will be a pump or dump then whales play exactly opposite to it to pool in more money. Price fluctuations are no longer created by world affair but rather whales decides it.

Yeah though no one actually knows when the price is going to be high and when it going to be low but the market remains so fluctuating that’s why no one actually knows the coming price would be that high or not. In 2017 the price was so high and it was higher because of a number of investors. So I guess the price will be high but not so this much Maybe it will take more than 5 years for it.

I don't believe in what he is saying about how Bitcoin will take some value away from our own fiat currency. Even if the interest or demand grows to Bitcoin I don't think it will have any kind of direct impact on our money since the ones that are really affecting the value of our fiat currency is our own economy and to anything that affects it. Cryptocurrencies also doesn't affect the demand or supply of fiat currencies since their prices are also based within it, once they devalue fiat currency what they are doing is they are also devaluing themselves making it not ideal for cryptocurrencies to be bought.

Many prediction burst about bitcoin and everyone has their own judgement if the price could go reach $400k. Indeed as most everyone says it is early to judge if what price of btc could reach so far. One thing we knew if more adoption could happen in the future btc could soar high to the point that we're not expected it.

I dont know if that would really happen in the future, $400,000 is too high for bitcoin to reach although there is always a possibility for that but as of now it is too early for us to say that bitcoin will reach $400,000. $20,000 is already hard for bitcoin to reach so lets not expect too much.

A merchant banker before? Well, its a good prediction but we can’t say that its an expert prediction and a huge one. $400k is far from reality right now and we should not focus on that. We have to work on the adoption of bitcoin for us to achieve this price however if the volatility gets high it will take longer to reach the peak again.

Oh look another expert trying to predict Bitcoin price...why should we trust him when we already know that Bitcoin is made to grow every year in price so eventually 400k$/btc can be achieved in 10 years or so. Until then lets see how 14 November will affect the markets as last year it was a FULL RED CANDLE spreading blood across the markets causing panic sell and and then FOMO followed by a next drop in price and a big fud towards Bitcoin and I'm hoping this time it will be with a HUGE GREEN CANDLE <3.

Yea, everyone really starts to become an expert when it comes to speculation and that $400,000 guess will not happen yet but soon when bitcoin start another halving again in the next four years. The price was just unrealistic even in next year new ATH, he might have to decrease it a little bit that kind of reasonable price.

It will create big  impact if more adoptions will happened and more people will be interested to buy and use this system. We know that there's still small percentage of people who believes and understand the concept of bitcoin even there's analysts and known people from social society who already shown interest, it's still needs to have more influence to convince other people to use and adopt this payment system.

I love it when people panic before the halving. But to be honest waiting for $400k will probably take you through another bear period so you will need to wait another 4 to 6 years.
So yes we need a lot more popcorn...  

Anyhow ..... Keep calm and prepare for post-halvening

The thread does spark optimism