Bitcoin for $1 Million !!! In ten years? - page 10.

wxxyrqa

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Quote from: cuteman on December 02, 2017, 06:45:27 AM

The history of bitcoin was flat spots, spikes, crashes and more flat spots.

But each time the long flat period would be at a higher level than the one before.

I remember all these figures not only with emotion, but also with great envy, because I would very much like to return at that time and buy Bitcoin for all the money that I could collect. 30 cents or even 30 dollars, it's almost Nothing, compared to what's the price for today.

cuteman

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The history of bitcoin was flat spots, spikes, crashes and more flat spots.

But each time the long flat period would be at a higher level than the one before.

cuteman

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John McAfee agrees! Cheesy

John McAfee Ups His 2020 Prediction to $1,000,000/BTC

http://www.newsbtc.com/2017/11/29/john-mcafee-ups-2020-prediction-1000000-btc/

ethereumhunter

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Quote from: Omega Weapon on November 29, 2017, 08:47:43 PM

Quote from: Tyrantt on November 25, 2017, 12:14:01 PM

Well if you look at it, it's not impossible. Day by day we see more businesses that implement bitcoin and more people investing and getting into bitcoin. When I got into bitcoin and started learning and earning it, I knew 1 person that actually knew what btc is and today every other person knows what it is and a few that started mining btc with alts and investing in it. I wouldn't say 1mil but somewhat close to that but certainly over $500k for sure. And when bitcoin get's to the price of over $20k we might see some of the biggest investors out there, we can see taht rise even today.

I do think it is impossible, do not get me wrong I believe bitcoin will be very valuable by that time but there are many things that could happen and that could affect the value of bitcoin, for example if bitcoin becomes too big of a threat to the governments then it is very likely we could see a worldwide ban on bitcoin in the future and that could decrease the price of bitcoin.

if bitcoin become a threat to the government, then they will use many ways to try to stop bitcoin. and if finally, bitcoin is ban in many countries because of the price is a threat for the government then maybe the price will be drop too deep because people are too fearful to use bitcoin and they would stay away from bitcoin.

but I do believe that bitcoin will become something that we should have in the future because bitcoin will be worth for a long term and the price will reach over $20k in the future. with so many people and business try to use bitcoin, it gives a good impact on bitcoin price which is the price will increase. I cannot imagine how if every people in the world know bitcoin and they use bitcoin, maybe the price will increase too high.

Omega Weapon

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Quote from: Tyrantt on November 25, 2017, 12:14:01 PM

Well if you look at it, it's not impossible. Day by day we see more businesses that implement bitcoin and more people investing and getting into bitcoin. When I got into bitcoin and started learning and earning it, I knew 1 person that actually knew what btc is and today every other person knows what it is and a few that started mining btc with alts and investing in it. I wouldn't say 1mil but somewhat close to that but certainly over $500k for sure. And when bitcoin get's to the price of over $20k we might see some of the biggest investors out there, we can see taht rise even today.

I do think it is impossible, do not get me wrong I believe bitcoin will be very valuable by that time but there are many things that could happen and that could affect the value of bitcoin, for example if bitcoin becomes too big of a threat to the governments then it is very likely we could see a worldwide ban on bitcoin in the future and that could decrease the price of bitcoin.

cuteman

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Added the missing part of the graph.

You can see the end of 2013' price drop from $1k to $200, caused by Mt.Gox bankrupcy. Without Mt.Gox the graph would be more "good-looking" and closer to the trendline Cheesy

Snarks

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Haha, I saw that chart too. The parabolic curve is about to go parabolic on a logarithmic scale Grin

Makes you wonder if some day a Bitcoin will be worth more than a Rembrandt.

cuteman

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Another pretty chart Cheesy

- this I would not believe though

as it shows 100x price next year Shocked

omonuyak

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This is a very nice view on what has happened as interpreted on this chart. Bitcoin has make a very significant progress since the beginning of this year till now and this chart prove that this movements did not start from now but way back 2014 and we are heading toward $100,000 maybe before 2025 as pointed out by this chart. I have been trying to increase my knowledge on the reason why bitcoin has been increasing in price and how to track this movements for the benefit of not selling my coins too early.

romero121

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Maybe soon or later it reaching $1m has got more chances. In ten years time, the growth in terms of user as well price will increase, because the user network at present hasn't reached even 2% of the population of the entire world.

Vaoric

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Bitcoin price can grow till infinity but it will not happen. Eventually we reach a price where the market will be stable. My guess is that we reach this price in a couple of years.

Remember that when big WS money comes in we may see the price manipulation stop.

cuteman

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Bitcoin nearly reached $9500 now, so the chart's prediction of $10k price on Nov,22nd is not too far from reality Cheesy

cuteman

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Quote from: birra guzez on November 26, 2017, 06:40:47 AM

A massive increase in electricity costs around the world could be a certain fall off of bitcoin's industry too since it is draining a hell of energy to get it's value from and this could mean the extinction of man kind if we run out of electricity .

I would disagree: electricity consumption benefits to economics, it creates workplaces, gives good income to power generating companies, and transfers taxes from them to governments.

Fears of running out of electricity have on basis, because there is nearly endless power source from solar, sea, water etc. energies, though some of them are quite expensive now, bit this is chaging rapidly. Take for example Tesla solar roof tile - it will cost similar to ceramic shingles, but brings free power .

komjhq

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Quote from: theunbeatable on November 26, 2017, 06:22:51 AM

Quote from: cuteman on November 22, 2017, 06:07:56 PM

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.

We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.

Not a bad statistics from the gold of the internet. As a commodity, it is obvious that bitcoin will reach these price. I wonder how long the whales are gonna hold and how people will react to these. If we think that whales are controlling the price,maybe for now, but if they will start to sell their coins, scattered people will buy them slowly. This moment will come and lets see whats price will whale sell their bitcoins.

I am very surprised by such forecasts regarding the price of Bitcoin, but I also really hope for the huge growth of Bitcoin. Maybe somewhere in the future Lol, I will become a huge whale too.

birra guzez

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Even tho that such charts are based on logical interpretation of what we lived and are living now and that this makes sense in a certain way , but we don't really know what other parameters could make a variety of different obstacles to bitcoin's growth and we already saw this lately when china banned bitcoin trading and made companies acquire licences to be able to trade in a hopeless move of the government to gain control on bitcoin traders . A massive increase in electricity costs around the world could be a certain fall off of bitcoin's industry too since it is draining a hell of energy to get it's value from and this could mean the extinction of man kind if we run out of electricity .

theunbeatable

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I could either watch it happen or be a part of it

Quote from: cuteman on November 22, 2017, 06:07:56 PM

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.

We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.

Not a bad statistics from the gold of the internet. As a commodity, it is obvious that bitcoin will reach these price. I wonder how long the whales are gonna hold and how people will react to these. If we think that whales are controlling the price,maybe for now, but if they will start to sell their coins, scattered people will buy them slowly. This moment will come and lets see whats price will whale sell their bitcoins.

santieevanz

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Quote from: cuteman on November 22, 2017, 06:07:56 PM

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.

We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.

Well based on my observation, bitcoin will increase in the future but still it is so unpredictable because sometimes the value of it decrease. I guess that the highest price of the bitcoin is 45K dollars. But who knows, maybe after 10 years it will reach $1 Million.

Killmepls

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The BTC will not cost 1 million net dollars, what will happen is that it will replace the dollar and allegorically it will cost the value that represents one million dollars today, but that can happen through many factors, that we all have access to one million dollars. dollars, that the dollar ceases to exist or whatever.

cuteman

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Quote from: HatakeKakashi on November 25, 2017, 07:25:37 PM

For me the highest price of the bitcoin is 50k dollars only.

I wonder what would you say 5 years ago (when bitcoin was $5) about future prices? Maybe that highest price would be $50 Cheesy

Hey guys, BTC rose 1600 x times since 2012. If you apply even 10x increase to the current price, you will be close to 1M already Cheesy

HatakeKakashi

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Don't expect too much in bitcoin because even you wait more years or even hundreds years the price of the bitcoin will not reach 1million dollars. I think we need to talk abouy the price of bitcoin possible to become 10k this year . For me the highest price of the bitcoin is 50k dollars only. But everything is possible to happen but we don't know what is the price of bitcoin if it's increase or decrease.

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