Bitcoin - How high can it go? - page 3.

Lanatsa

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Quote from: Finestream on October 31, 2022, 04:45:30 PM

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

!!

That’s the goal of bitcoin to become very profitable, but I can’t tell as to how high it would reach. But if we trace back the history, bitcoin reaches significant height every year so most probably, we will really get there in time. Just be patient hodling bitcoin and never expect too much about bitcoin knowing it’s a very risky and volatile investment.

The always key on here is that you should really not expect something because there's no assurance on what would be the future or what would happen on Bitcoin.
How high it can go? No one really knows and every speculations and guesses that we do see in the market is always just presumptions.There's no assurance that it could really hit up on certain degree.

How high it can go? Lets assume about those breaking ATH's.Bitcoin never failed on surprising us.We didnt even thought that it could reach up almost 100k.
Yet we've been just wishing that it should break that 20k ATH on previous years and now we are just hovering normally with these levels.

Finestream

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash.

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

That’s the goal of bitcoin to become very profitable, but I can’t tell as to how high it would reach. But if we trace back the history, bitcoin reaches significant height every year so most probably, we will really get there in time. Just be patient hodling bitcoin and never expect too much about bitcoin knowing it’s a very risky and volatile investment.

darkangel11

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There's no roof because you haven't given a time frame. If we take 100 years, it can go to a million dollars and beyond. If the frame is 200 years, maybe 2 million is the target.

The main difficulty with this equation is that we don't know how valuable the USD will be in 10 or 20 years. If the inflation is 10% in 10 years you're going to need twice as many dollars to buy 1 bitcoin than you need now and that's with bitcoin staying at the same level with the same number of users. So with that in mind you can expect at least $40k in 10 years but it's gonna be higher than that with bitcoin's scarcity.

The Cryptovator

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Pretty simple math, if you are willing to hold Bitcoin for the next 10 years, then go back to the 10 years and see what was the price and what is the price now. Isn't pretty simple? Something would happen like this if Bitcoin exist next 10 years. We don't know or we can't predict even what will happen with the world. So how can we assume the Bitcoin price after 10 years? You have to use your brain here because it's a financial decision. There would happen massive adaption or massive dump as well.

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Quote from: freedomgo on October 31, 2022, 02:24:05 PM

Quote from: cryptoaddictchie on October 31, 2022, 04:56:53 AM

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

If you have funds to spare for doing so then just go and also if you have trust btc all the way. But saying that you are holding for 10yrs or more then go for it. Just dont expect a lot of what figure it could be cause no one could really know if btc will be a great investment but one thing is for sure. 10 yrs from now the people who dont uses btc are probably stepping up on using it.

It all matters on your faith. If you believe that bitcoin has huge potentials to succeed more in 10 years hodling, then take the risk and go for it. But always remember, investments have no guaranteed profits, we may lose or make profits in the long run so learn to be open minded too. As long as you only invest on the amount you can afford to lose, I guess that’s fine as you never end up regretting when things don’t work in the end.

If he does it long term I think it will be fine especially for bitcoin. And what you need to know is that you have to make sales at the right time because after an increase there will be a decline that is not easy to predict.
invest for 10 years if you do DCA is the best choice and you can do it in a week or a month to buy it in small or according to your ability and also use the money you can afford to lose not money for needs, and if you understand and remember the trail bitcoin that bitcoin is for the long term.

Rruchi man

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

It is not a lot but it is slowly growing...

The quote that immediately came to mind as soon as i read this line is, "Little drops of water, can make a mighty ocean". You are doing well DCA-ing and you should continue with the same comfortable amount of money you have been DCA-ing or increase it. Within a five year duration, with this strategy, you will be baffled at the bitcoins you have been able to get.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

If we are to select, I'd say 100k should be the first milestone, when it gets to $100k, the next milestone if still possible will be $250k, and then we look to another milestone.

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Quote from: cryptoaddictchie on October 31, 2022, 04:56:53 AM

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

If you have funds to spare for doing so then just go and also if you have trust btc all the way. But saying that you are holding for 10yrs or more then go for it. Just dont expect a lot of what figure it could be cause no one could really know if btc will be a great investment but one thing is for sure. 10 yrs from now the people who dont uses btc are probably stepping up on using it.

It all matters on your faith. If you believe that bitcoin has huge potentials to succeed more in 10 years hodling, then take the risk and go for it. But always remember, investments have no guaranteed profits, we may lose or make profits in the long run so learn to be open minded too. As long as you only invest on the amount you can afford to lose, I guess that’s fine as you never end up regretting when things don’t work in the end.

batang_bitcoin

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

You really wanna know the answer? Do the latter if you want to see the results of it and have a record on how much you'll make if you've just kept it in the form of bitcoin.
But to have some realistic results, do an experiment for you to see how much you'll get with "stronger" altcoins and check how much the ROI will be.
When it's to questions like this, it seems that people don't like how stable, nice and slow bitcoin is in terms of growth. And you guys like the quick and unstable movement of altcoins.

uneng

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Bitcoin has already reached 69,000$ once, so we can expect a new ATH must guarantee us bitcoin near 100,000$ at least. However, until it happens, we can't say anything else regards bitcoin price, otherwise we would be skipping an essential stage on the progression of bitcoin. It is like desiring to know what happens on the middle of a game's storyline without playing the previous levels which lead you there.

What I keep in mind is that bitcoin is pretty likely to hit more expensive price levels yet, so it is a good investment for now and for the future, although I can't say exactly how further it is going to reach yet.

ajiz138

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Theoretically the price cannot be guessed because the supply of bitcoin is very limited so other people are always optimistic that it will be very realistic if the price of bitcoin can reach 100k or even more this takes a long time, so you can't be sure now because we don't know what will happen later, but I myself can be sure the price of bitcoin can go up even more and always break new ATH records so I am always optimistic about long-term bitcoin investments.

Well that's fine because you are planning on holding on for longer but what if that happens, will you continue to hold bitcoins anyway?
I think during this journey there will certainly be obstacles where temptation is always there.

Better sell altcoins and move assets to bitcoin, because no coin can exceed bitcoin, I will never hold altcoins for long.

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Quote from: JamesDaniel90 on October 31, 2022, 10:44:47 AM

Hi all,

I will continue to DCA into Bitcoin and hold till it reaches £200k minimum as anything less is not worth it to me.

Even reaching $200k gives us only 10x from current price and that can take years - with altcoins at least that can happen in months, that is why I am thinking of Altcoins too.

I am a only investing what I can afford to lose so will be interesting so see how Bitcoin performs compared to the altcoins I do have in the next bull run.

It's good if you only invest what you can afford because that is the main key in investing, so you don't take risks that are too big or you can't afford them later. The performance of bitcoin will be very interesting, especially if the price increases and gets rallied to reach the last ATH. Indeed some altcoins can also get a rally, but that's not all, and if you can continue DCA to bitcoin, you can accumulate many bitcoins that will be able to provide benefits in the future.a

But specifically for altcoins, it may be a short and medium-term investment because when the bitcoin price starts to increase, the altcoin price will also follow, and that's when you will benefit from the altcoin. After that, bitcoin will follow or even bitcoin first, which will increase, and then altcoins.

Zanab247

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Holding Bitcoin tilll this year, is a good choice that will help you to see the light in the future when the price of bitcoin reach $100k soon, which is the best season many bitcoiners are waiting to happen before they can visit the market to make something good. I will advice you to continue holding your bitcoins and release other coins to the market to earn something that will sustain you till the price of Bitcoin move to a level you know that if you sell your bitcoins it will eliminate poverty from your family . since this bear season has taken over 8 months and some weeks in the community, show that bull season will pump like 1 year or two years to reach $120k or $100k before it will return back to bear season.

franky1

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the window of value which the price wiggles inbetween was

2020: $4k-$40k
2021: $10k-$75k
2022: $15k-$95k (average)
2022: $16k-$106k (oct)

this is not based on market price data. its the underlying and high cost of mining

there is no possibility of a $150k btc right now

its the simple knowledge if everyone under the sun can min for less than $10k right now there is not real reason for anyone to buy bitcoin for more then they can acquire by other means
its why in previous ATH they top out at a certain level

yes market price speculates above the current bottom underling cost because not everyone can mine at the low cost.. so prices are random speculative depending on sentiment and personal levels

but there is always a top and bottom window people cant or wont go below or above

Lucius

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Quote from: JamesDaniel90 on October 31, 2022, 10:44:47 AM

Even reaching $200k gives us only 10x from current price and that can take years - with altcoins at least that can happen in months, that is why I am thinking of Altcoins too.

In that case, Bitcoin is not an option for you, because you just want as much profit as possible in the shortest possible time - and it seems that you don't have too much money for a serious investment. What you may have forgotten is that you include inflation in all of this, which will reduce the purchasing power of possible earnings after x years.

In the end, it's your money and your game - just don't be too greedy, because there are few who really got rich by investing in cryptocurrencies, and many more who lost much more than they wanted.

LFC_Bitcoin

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There will be a lot of volatility but that’s the norm with bitcoin. I see absolutely nothing to suggest that in the next 20 years, $1,000,000 per BTC won’t happen. Fiat currencies are failing through a mixture of government mismanagement, war, COVID & inflation. BTC Is ready to take advantage of the current turmoil that the worldwide financial system is in.

JamesDaniel90

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Hi all,

I will continue to DCA into Bitcoin and hold till it reaches £200k minimum as anything less is not worth it to me.

Even reaching $200k gives us only 10x from current price and that can take years - with altcoins at least that can happen in months, that is why I am thinking of Altcoins too.

I am a only investing what I can afford to lose so will be interesting so see how Bitcoin performs compared to the altcoins I do have in the next bull run.

coolcoinz

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It's funny that a few weeks back people were asking how low can we get and now they're asking exactly the opposite. Nobody knows the answer!

There are a few things that work as universal truths in bitcoin and other investments as well:
-the majority is usually wrong. If people keep telling you that it's going down, it's usually going up.
-people who give you specific price targets simply make a bet and hope they'll be the ones with the best prediction. If that happens they'll sell you their trading courses or other useless shit.
-market swings every few years. In a 10 year period you can be sure that if you invest in a company stock, bitcoin, real estate, whatever, you will make money, because as long as an asset exists it will appreciate in fiat price, simply because fiat depreciates over time. This means that even a boring company that doesn't expand will gain value. The worst thing you can do long term is own fiat.

I'm 100% sure of two things:
1. By the end of 2023 Bitcoin will be worth more than it is today.
2. It will break its ATH of 68k by 2025.

Probably only a nuclear war or some kind of global disaster could stop this from happening. You do what you like with this information Wink

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I currently have 3% of a Bitcoin having started dollar cost averaging in June after the crash.

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

There are almost what, 8 Billion people on earth? Not accounting those part of some lost tribe who do not have internet and live in some backwoods area with absolutely 0 contact to civilisation, I would say we definitely have not even seen the beginning of what price Bitcoin can reach. But Bitcoin is slowly but surely becoming adopted worldwide by everyone and at some point I truly believe it will become the one and only global money. So 1 million per Bitcoin is the smallest estimate I can give you. I don't doubt it will go beyond even that. Only time will tell though. Huh

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Quote from: Doan9269 on October 31, 2022, 05:08:31 AM

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

It is not a lot but it is slowly growing and I have many other Altcoins I am invested in so can't put everything into Bitcoin.

It's good to diversify investment but choosing altcoins as alternative over bitcoin isn't good enough, you'd better prefer other investment assets than alts as alternatives but if you think the risk involved is not beyond what you can bear enough, then you can be ok with such.

I think it is better to just diversify when new funds come in. Pulling your investment in Bitcoin (selling your holdings) at the current market condition is a bad thing. It is better to hold a coin that is proven to bounce back than gamble in an altcoin that is only driven by pump and dump scheme.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

It will definitely got six figures we just need a little patience, who knows maybe this bitcoin bull run, Bitcoin market will reach its new all-time high at $100k+

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

I'll gladly hold more than that years if am sure that my patience will be greatly rewarded. And I think Bitcoin will deliver our wishes and hopes in due time.

Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am just debating if I should continue to DCA into Bitcoin or sell all and put into stronger altcoins which will see better ROI over the next few years.

Why not do both, split your funds into 50% Bitcoin and 50% altcoin? That way, you don't have to problem with where to invest your coming funds.

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Quote from: JamesDaniel90 on October 31, 2022, 04:41:35 AM

I am wondering what everyone thinks this the price of Bitcoin can realistically get to? $100k? $250k? $500k? $1m?

I am happy holding Bitcoin for the next 10 years or more if it reaches these prices above.

It's good that you already have the mindset of a long term investor with your bitcoins. HODL has been one of the most profitable strategy over the years and I would recommend it to anybody entering the market right now. DCA is my preferred purchase method as well, I have been buying a few coins since February and will continue to do so until next year. If you don't need your money at the moment and don't want to buy more alt coins than I would keep adding to your bitcoins. Within the next 10 years I am sure we are going to see a new ATH. A bitcoin pice above 100,000 USD is very realistic in my opinion within the next 2 years and after that everything is possible. If inflation is going to stay in the double digit area than the crypto market should start rally eventually to protect our money.

Topic: Bitcoin - How high can it go? - page 3. (Read 686 times)