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Topic: Bitcoin Longterm Price Target (Read 928 times)

hero member
Activity: 952
Merit: 642
Magic
November 08, 2022, 04:34:48 AM

I think Bitcoin is going to go bull back and it's going to exceed $70k towards $100k looking at the the previous high and low. The market is down and this is an assurance that the price is going to good bull anytime whether now or later. We just have to get prepared for the bull so that we don't ignorantly miss it all since the market had gone down.

But can this really continue forever? I mean next cycle may be 100k and the one after that 750k. But where is the limit to that?
legendary
Activity: 2086
Merit: 1058
September 09, 2022, 02:21:25 AM
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?
I see since Bitcoin was created in 2009 and every four years, Bitcoin has developed and changed from so to so, meaning Bitcoin has a value that cannot be predicted accurately, even though it is in the long term.

I have a long term understanding for Bitcoin, say 5-20 years in the future, the change I believe in the next 20 years Bitcoin can reach $100k, that's based on my thoughts, overall that number occurs every time the halving occurs.
100k in 20 years? That is too slow if you ask me, I believe that we will be 100k in 3 years or sooner. I mean we reached 20k in 2017 and in 2021 we reached 68k, that means we did more than 3x in 4 years, that means we could have the same thing now and reach to a super high price.

Let's assume that doesn't happen, we could still manage to go from here to 100k when the bull run happens, only a 5x increase required to break over 100k and when a huge bull happens like 2017 or 2021, that means we are going to end up with way more than 5x but at least bare minimum we will have that. This is why I do not have any doubt that we should be 100k way before 5 years let alone 20.
legendary
Activity: 2086
Merit: 1759
September 08, 2022, 11:48:14 AM
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?
I see since Bitcoin was created in 2009 and every four years, Bitcoin has developed and changed from so to so, meaning Bitcoin has a value that cannot be predicted accurately, even though it is in the long term.

I have a long term understanding for Bitcoin, say 5-20 years in the future, the change I believe in the next 20 years Bitcoin can reach $100k, that's based on my thoughts, overall that number occurs every time the halving occurs.
hero member
Activity: 2072
Merit: 603
September 08, 2022, 08:43:53 AM
After reading couple of pages on this topic it scared me, started to feel like what if bitcoin stopped suddenly? That’s crazy idea really. However, if we keep this thought aside for sometime and only think about bitcoin getting adopted all the time then demand will go above skies due to limited supply and then price will get impacted for sure. So to get fair share price per satoshi would go beyond hundreds of dollars.

It may happen that Whatever is satoshi =$ would be the minimum amount that one can send and receive. For example, 100 bucks for that matter. It’s bit complicated analysis, things could go north and south.
sr. member
Activity: 1638
Merit: 255
September 08, 2022, 02:19:08 AM
If we are aware of the long-term price of Bitcoin, we can see that Bitcoin has reached this position today from a very low level.At one time Bitcoin was in a very bad position then Bitcoin but the highest position is between $69k. From $69k, Bitcoin is slowly settling back down to $17k. Bitcoin is currently hovering around $19875. If we know about the price, Bitcoin always goes up and down And if we think about the future plan, we can say that Bitcoin will stay in 100k dollars very soon

If we know the movement of Bitcoin will continue to repeat up and down, sometimes even the movement is very drastic. If so when the price is low
like this we must dare to collect as much Bitcoin as possible. Don't hesitate after that hold Bitcoin until the price goes up again, and even Bitcoin often
rises to a higher price every time it experiences a deep decline. Bitcoin movement patterns began to be read, which every 4 years Bitcoin halving
occurs usually Bitcoin will pump to the new ATH price. Therefore we do have to be patient holding Bitcoin for the long term, because if we wait for
the Bitcoin halving to occur as our target, it means we have to hold Bitcoin until 2024/2025. Hopefully the target price of $100k can be achieved
by Bitcoin in 2025, therefore we really invest in Bitcoin as well as for the long term. In addition to achieving the target of $100k that we want,
we can also generate large profits if we invest in Bitcoin for the long term.
sr. member
Activity: 2366
Merit: 267
Vave.com - Crypto Casino
September 08, 2022, 01:32:17 AM
If we are aware of the long-term price of Bitcoin, we can see that Bitcoin has reached this position today from a very low level.At one time Bitcoin was in a very bad position then Bitcoin but the highest position is between $69k. From $69k, Bitcoin is slowly settling back down to $17k. Bitcoin is currently hovering around $19875. If we know about the price, Bitcoin always goes up and down And if we think about the future plan, we can say that Bitcoin will stay in 100k dollars very soon
always what bitcoin does is repeat events that have been done before, so when it rises high then bitcoin will return to the lower price again and will repeat it to go down and whether it will go down to the lowest level, obviously it will not return to the lowest level ever done , just repeat at a certain price to prepare for an increase in the time the halving has occurred.

so it's true, if we know the long-term price of bitcoin that the achievement that will happen can exceed the ATH it has ever made and this is the character of bitcoin that will indeed continue to do that. so if for a price of $100K like you said I believe that bitcoin will be able to do it in time, but maybe not this year which is still in a bear market situation and maybe 2023.
legendary
Activity: 1176
Merit: 1056
September 06, 2022, 11:43:41 AM
If we are aware of the long-term price of Bitcoin, we can see that Bitcoin has reached this position today from a very low level.At one time Bitcoin was in a very bad position then Bitcoin but the highest position is between $69k. From $69k, Bitcoin is slowly settling back down to $17k. Bitcoin is currently hovering around $19875. If we know about the price, Bitcoin always goes up and down And if we think about the future plan, we can say that Bitcoin will stay in 100k dollars very soon
member
Activity: 1041
Merit: 25
Trident Protocol | Simple «buy-hold-earn» system!
September 06, 2022, 10:27:23 AM
As time goes by, the total supply of bitcoin will decrease because some of them are only on the blockchain because the owner forgot their wallet password and considered that this bitcoin is lost and can no longer be used. Over time, if the total supply gradually decreases and the demand continues to increase, it means that there is a good chance that the price of bitcoin will rise significantly in the long term. Right now the price of bitcoin is still low because of the bear market but when the bull market comes it is sure to increase it's value a lot.
sr. member
Activity: 742
Merit: 282
September 06, 2022, 02:25:03 AM
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?

I made this calculation for an adoption of 50 % of the current world population:

21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.

If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.

This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.

If you have different approaches feel free to share!

- You did the calculation according to the total number of people in the whole world with a total of 4B, right? I don't know if this calculation you made is correct to say the price value of bitcoin 50 years from now.

Perhaps, we can even know the price of bitcoin if it is not volatile, that's why the value of bitcoin is volatile. That's why it's unpredictable where even at any time, day, week, month, or year its price can rise or fall suddenly in the market.

Now, if we base it on every halving of bitcoin, its price will go up every time it happens in the market. not only do we not know the exact price he can reach, he often increases beyond what we expect.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
September 06, 2022, 01:34:03 AM
#99
Bitcoin is no longer at the level where it has to be in panic after purchase. Bitcoin greatly reduce its price from his all -time high. Now this is the perfect time to buy. Predictors comment on Bitcoin in different ways at different times. Sometimes does not consistent with the reality and something is very natural. Looking at the Bitcoin chart of the past few years, it seems that it will go to a stage in the next 10 years when except VIP no one courage to purchase Bitcoin because of its high price.
because we will always see a dip after the strong pump that Bitcoin created. this is indeed natural, and the right time for those who want to plan their long-term investment.
In the course of the next 10 years, there will be many trends that Bitcoin creates in the market. we can see Bitcoin always makes its new ATH. although after that we will see a very deep correction. but more powerful pumps will be built. we don't have to worry.
if in 10 years in the future the trend tends to increase. of course, the price will be very expensive. and of course, those of us who have bitcoins today should not be easy to let go of.
legendary
Activity: 2492
Merit: 1332
September 05, 2022, 11:51:02 PM
#98
I don't think so btc will go below $17,000. If someone sell at this price I would think he either has a financial crisis or has not acquired proper knowledge of Bitcoin. Besides, the whales are trying to figure out how to lower it further. I think the crypto world needs to be more aware of this. We should always avoid listening to any rumor.
I don't say bad about bitcoin but I still want bitcon to dump more so that I can accumulate more, by now the only people that should be scared because bitcoin dump are the newbies alone I keep on saying that, if you have been in Cryptocurrency for a long time I see no reason why you wl panic because bitcoin is dumping or people keeps on saying negative things about bitcoin, we don't just expect bitcoin to be pumping and it shouldn't dump its not possible, we should expect dump but if you can hold then it will definitely bounce back.
Exactly, I can forgive newbies and people that do not really have a lot of experience being in this market by getting scared because of the extreme movements that we can see in this market, but anyone that has been here for years and that maybe has already gone through a crypto winter before doesn't really have any kind of excuse to justify their behavior if they are selling their coins now, because right now the right move is to buy all the bitcoin that you can and then hold it until the next bull market comes.
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
September 04, 2022, 10:15:28 AM
#97
Bitcoin is no longer at the level where it has to be in panic after purchase. Bitcoin greatly reduce its price from his all -time high. Now this is the perfect time to buy. Predictors comment on Bitcoin in different ways at different times. Sometimes does not consistent with the reality and something is very natural. Looking at the Bitcoin chart of the past few years, it seems that it will go to a stage in the next 10 years when except VIP no one courage to purchase Bitcoin because of its high price.
sr. member
Activity: 1876
Merit: 318
September 04, 2022, 05:21:35 AM
#96
I don't think so btc will go below $17,000. If someone sell at this price I would think he either has a financial crisis or has not acquired proper knowledge of Bitcoin. Besides, the whales are trying to figure out how to lower it further. I think the crypto world needs to be more aware of this. We should always avoid listening to any rumor.
If this really happens that Bitcoin will drop under $17k, I will not be surprised, and that is the time for me to buy some Bitcoin, although it is not much, at least, maybe this is enough for me to take them for a long term investment, at least, to prepare the bullish era.
Sometimes,I really expect that the Bitcoin price will hit under $17k but over $15k  Grin
However, the price is unpredictable and we cannot expect too much because sometimes, the surprise is every time happenings.

No one can predict the movement of Bitcoin accurately, we all have our own predictions. So just focus on our own predictions, rather than
being influenced by other people's predictions that are not necessarily accurate and can make us make wrong decisions. According to my predictions
it is likely that Bitcoin price will not drop below $17k, because based on my analysis the price of Bitcoin support is very strong at $19k,
so it's possible that in the near future the price of Bitcoin will pump again near the price of $25k.

So I didn't waste the opportunity to buy Bitcoin at the current price. But if my prediction is wrong and it turns out that the Bitcoin price drops
below $17k, I will not panic and will not sell my Bitcoins. Because I already understand how Bitcoin works, so I just hold the Bitcoin that I have
until the price recovers again. After all, Bitcoin is very profitable for long-term investments, so if we want to get a big profit from Bitcoin,
we have to get used to being patient holding Bitcoin in the long term and never panic if we see the Bitcoin price suddenly drop.
hero member
Activity: 1372
Merit: 908
September 04, 2022, 03:27:33 AM
#95
I don't think so btc will go below $17,000. If someone sell at this price I would think he either has a financial crisis or has not acquired proper knowledge of Bitcoin. Besides, the whales are trying to figure out how to lower it further. I think the crypto world needs to be more aware of this. We should always avoid listening to any rumor.
I don't say bad about bitcoin but I still want bitcon to dump more so that I can accumulate more, by now the only people that should be scared because bitcoin dump are the newbies alone I keep on saying that, if you have been in Cryptocurrency for a long time I see no reason why you wl panic because bitcoin is dumping or people keeps on saying negative things about bitcoin, we don't just expect bitcoin to be pumping and it shouldn't dump its not possible, we should expect dump but if you can hold then it will definitely bounce back.
hero member
Activity: 2030
Merit: 549
Leading Crypto Sports Betting & Casino Platform
September 03, 2022, 07:46:53 PM
#94
I don't think so btc will go below $17,000. If someone sell at this price I would think he either has a financial crisis or has not acquired proper knowledge of Bitcoin. Besides, the whales are trying to figure out how to lower it further. I think the crypto world needs to be more aware of this. We should always avoid listening to any rumor.
If this really happens that Bitcoin will drop under $17k, I will not be surprised, and that is the time for me to buy some Bitcoin, although it is not much, at least, maybe this is enough for me to take them for a long term investment, at least, to prepare the bullish era.
Sometimes,I really expect that the Bitcoin price will hit under $17k but over $15k  Grin
However, the price is unpredictable and we cannot expect too much because sometimes, the surprise is every time happenings.
legendary
Activity: 3080
Merit: 1144
September 03, 2022, 05:48:04 PM
#93
I'll say that sky is the limit if it's about the truest potential and price of bitcoin in the future. Take all of those halvings for example and when we say long term, it'll depend on how long you're looking at it.

With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.

Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?
No one can tell exactly what will be the highest long term target price for bitcoin as bitcoin seems very unpredictable from the start. However, we know for sure that bitcoin has the highest potentials in the market so it’s also expected that bitcoin will reach its ATH in the future in a very high and impressive price. And with halving that is always possible to occur, that will determine bitcoin’s future price in the market.
hero member
Activity: 1316
Merit: 593
September 03, 2022, 02:42:13 PM
#92
The 21 million bitcoin is the max supply, but don't forget about all those lost bitcoin and those bitcoins that will be lost in the future. And then not "everyone" will have a share of bitcoin. Some people will have more than others. So the price that you predicted is nowhere accurate. No one can predict the long term price of bitcoin. What if crypto currencies never go mainstream? The price will end up being like it is right now. What if it goes mainstream? It will skyrocket!

OP has also said that his calculation is incorrect.
In my view, we don't need to predict the future price of bitcoin (30 years, 50 years is a very long way from now), it's really unpredictable. But one thing is for sure we can know that in the long run bitcoin will continue to rise in price and it will not stop at $100k or $200k.

As long as the demand for bitcoin keeps growing and the acceptance of bitcoin becomes more and more widespread and widespread, the price of bitcoin will always trend up. We should take advantage of this moment to own more bitcoin because when the price of bitcoin goes up it becomes difficult to collect.
Agree with you and in this concern i would like to say that Bitcoin has no long-term price target. It is said to be limitless. Its price will also increase with time. And when all bitcoins are mined, the price of bitcoins will automatically increase. Last year, experts predicted that the price of Bitcoin would reach 100,000 dollars, but  at the end, it reach to approximately $70,000. As people get a better understanding of Bitcoin, its price can go a long way. Then ordinary people will no longer have the ability to buy bitcoins.
full member
Activity: 1260
Merit: 103
The OGz Club
September 03, 2022, 04:23:59 AM
#91
It's hard to predict the actual number of even if we meant long term. Bitcoin all time high is just increasing every time we experienced bull market, On the next bull run we might experience past 60k and it's hard to tell when will this increase stop given that the demand is just increasing and the supply is fixed. I believe that we can see a near accurate price if bitcoin stop appreciating and not passing it's all time high on a bull market.
That is why I don't even think about many from now but rather focus on the current situation. Perhaps, we don't have any idea how long this Bitcoin gonna stay. While this still exists and we can still make benefit from this, we have to take this opportunity then. Because whether it goes up or went down, people will still accept it as we know the nature of the market. But speculating what will happen many years from now, makes no sense to me at all.
there will be many different views about bitcoin, but indeed the best thing is that when there is an opportunity, we must immediately take it. just like when bitcoin experiences a bullrun, then we have to sell it immediately, because if we keep holding it, there will be a very deep correction, and no one knows when a recovery will occur. therefore take part during the bullrun and diversify it in other investment areas, and provide reserves to wait for the buying area
Indeed when Bitcoin is going down the right decision is to take advantage of the opportunity to buy,
the same as when a bullrun if we don't make a decision soon it will lose profits,
for sure we have to know when to buy and sell it
hero member
Activity: 1904
Merit: 544
We are all the pieces of what we remember.
September 03, 2022, 03:31:32 AM
#90
The 21 million bitcoin is the max supply, but don't forget about all those lost bitcoin and those bitcoins that will be lost in the future. And then not "everyone" will have a share of bitcoin. Some people will have more than others. So the price that you predicted is nowhere accurate. No one can predict the long term price of bitcoin. What if crypto currencies never go mainstream? The price will end up being like it is right now. What if it goes mainstream? It will skyrocket!

OP has also said that his calculation is incorrect.
In my view, we don't need to predict the future price of bitcoin (30 years, 50 years is a very long way from now), it's really unpredictable. But one thing is for sure we can know that in the long run bitcoin will continue to rise in price and it will not stop at $100k or $200k.

As long as the demand for bitcoin keeps growing and the acceptance of bitcoin becomes more and more widespread and widespread, the price of bitcoin will always trend up. We should take advantage of this moment to own more bitcoin because when the price of bitcoin goes up it becomes difficult to collect.
copper member
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
September 03, 2022, 01:04:04 AM
#89
The 21 million bitcoin is the max supply, but don't forget about all those lost bitcoin and those bitcoins that will be lost in the future. And then not "everyone" will have a share of bitcoin. Some people will have more than others. So the price that you predicted is nowhere accurate. No one can predict the long term price of bitcoin. What if crypto currencies never go mainstream? The price will end up being like it is right now. What if it goes mainstream? It will skyrocket!
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