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Topic: Bitcoin Longterm Price Target - page 3. (Read 1020 times)

hero member
Activity: 2716
Merit: 904
August 26, 2022, 03:31:21 PM
#68
This calculation of yours has really created a curiosity about the price of Bitcoin in the mind. It is true that one day the price of Bitcoin will skyrocket if the impact of Bitcoin continues. And it will also comes in to the volatilities. However, with the increasing use of Bitcoin, I think these volatilities also will be beyond imagination. However, I believe that no one can guarantee the long-term duration of Bitcoin or what the long-term price will ultimately be.
Bitcoin has always its uncertainties as much as no one can tell precisely as how long it will be beneficial or how expensive its price in the long term. But as long as there are people’s demand that continue to long for bitcoin, then it will always stay in the market, which also means its price will always grow and prosper in every year that comes. And the more bitcoin will be widely used and accepted, the higher value it will also reach.
sr. member
Activity: 2660
Merit: 339
August 26, 2022, 12:56:23 PM
#67
Predictions will only remain speculations until they are proven correct and are already happening. So for me, it’s useless to keep on predicting the future price of bitcoin because no matter how high we predict, the price will still be greatly influenced with the worldly economic status. Instead, we should focus more on buying and storing bitcoin in our portfolio while the price is still cheap so that when bitcoin price surges and reach its new all time high, everyone will be benefited and reap huge amount of profits.
And the only way to know if the prediction is correct is when the results are already laid out. Some will got it correctly but it does not mean that they have a special ability when it comes to predicting. It's just that what happens is only a co incidence. Predicting might be useless to some but for me it isn't but I think predicting makes this crypto game more exciting.

This can kill our boredom and there are even some which offer a betting for it. People who do predictions, will not disregard buying and as well as selling as these two are the main essentials here but they will only set aside some funds/coins in preparation for their predictions.
copper member
Activity: 2268
Merit: 539
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August 26, 2022, 11:14:16 AM
#66
It’s really difficult and time waste to estimate price for the future.
I mean until and unless you have time machine, you can’t actually know what will happen in the future.
Yes what we can do is just estimate a basic price structure seeing the current trend and marketcap of the coin.
If we are talking about Bitcoins, then you need to make sure that they are limited in supply and marketcap is really big. So definitely in the long term it will become valuable for which the price will definitely grow.
Hope this clears some part of your confusion OP.
sr. member
Activity: 1372
Merit: 250
Seabet.io | Crypto-Casino
August 26, 2022, 10:15:09 AM
#65
I'm not concerned with the price many years from now, let's say 10, 30, or 50 years? Actually, what we need is to see Bitcoin still alive for that time and it was finally considered a legal tender in all countries.

I'd never see how reliable it was, those calculations? I really don't think there is such a way to tell what will happen next. I understand that the price of Bitcoin and so its future remains unpredictable. I invest in Bitcoin because I believe in its brighter future and I guess, the majority are also having that view.
indeed no one will know the future price of bitcoin. but maybe the predictions made could come true in the future. and we will just laugh at what happens to bitcoin in the future.

most people see at this time, the price of bitcoin ATH is already very expensive. but will probably continue to increase in the future. and we see it keep breaking through ATH. Bitcoin market fluctuations are something that will not stem the price of bitcoin.
I hope all of us who are currently investing in bitcoin for the long term will laugh and enjoy the results in the next 10-20 years. when Bitcoin is going to get even crazier.
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
August 26, 2022, 09:58:22 AM
#64
Lots of speculations has been in circulation about Bitcoin future price target on a long term investment. But the interesting thing here is that no one can accurately or precisely give a specific value on what Bitcoin future price range will be, the best anyone can offer is speculations. The target is just to hodl. When there is limited supply prices tends to skyrocket.

Remember the 21m Bitcoin will ever come into existence many will be lost and some are been lost already and the total supply will drop. There is virtually no way this won't add to the future price of bitcoin even in the nearest 10 years interval
sr. member
Activity: 2436
Merit: 343
August 26, 2022, 06:33:57 AM
#63
I'm not concerned with the price many years from now, let's say 10, 30, or 50 years? Actually, what we need is to see Bitcoin still alive for that time and it was finally considered a legal tender in all countries.

I'd never see how reliable it was, those calculations? I really don't think there is such a way to tell what will happen next. I understand that the price of Bitcoin and so its future remains unpredictable. I invest in Bitcoin because I believe in its brighter future and I guess, the majority are also having that view.
full member
Activity: 310
Merit: 100
August 26, 2022, 02:33:22 AM
#62
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!


We all know investing on bitcoin produces sure profits but the target price depends on situations and how much time do you hold the asserts.

There is chance to set a big value in market...

I think after 5 years BTC generates around 300%-350% profits. 
sr. member
Activity: 938
Merit: 303
August 25, 2022, 11:23:29 PM
#61
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!

- I don't know how did you calculate this amount Sir, but all I can say is that 50 years from now there is nothing. I have no idea how much bitcoin will be in the year 2072. All I know is that the price of bitcoin is unpredictable. Actually, according to my research, no one in the bitcoin community could have imagined that 20k plus each bitcoin would be in the market. because it was even doubted before that bitcoin could not reach 1300$ but it was even surpassed and the most it reached was even 65k$ plus, right?

So because of events like this, it just proves that no one can dictate the price of bitcoin even the whales themselves can't do it, it's just according to my view and understanding here.
legendary
Activity: 2226
Merit: 1086
duelbits.com
August 25, 2022, 05:59:37 PM
#60
I can’t set a fixed future price of bitcoin but the fact that its value grows every year,
Knowing a fixed price in the future is something impossible, mate.  Wink
Yep, based on the price history, it is always growing from one BTC halving to another BTC halving. But it is untrue that BTC price is always rising each year. We have bearish and bullish periods, the price changes will be so different in each period. During the bearish period, the price of BTC should be decreasing, not growing as you said above.

As long as there are potentials of bitcoin that keeps meeting the demand of the crypto community, then we can expect for the best and highest price of bitcoin to be achieved.
What potential do you refer to? If you mean the potential of BTC adoption, I can agree with this. But if it is about the demand, there are many factors to be analyzed. For a big demand, it should be in the bullish season, don't expect it during this bearish period. However, the demand will be always there as long as many people believe in BTC future.

hero member
Activity: 3052
Merit: 606
August 25, 2022, 05:36:57 PM
#59
It's very hard to predict such thing, all of the information of how much Bitcoin would cost this year or after 5-10 years etc. are just mere speculations. My opinion on this matter is that let's just support Bitcoin and continue to use it until it hit its peak (highest price), because no matter how much effort we put in prediction, Bitcoin's price will be its price and we are all going to be benefited because of our patient in waiting for that moment.


Predictions will only remain speculations until they are proven correct and are already happening. So for me, it’s useless to keep on predicting the future price of bitcoin because no matter how high we predict, the price will still be greatly influenced with the worldly economic status. Instead, we should focus more on buying and storing bitcoin in our portfolio while the price is still cheap so that when bitcoin price surges and reach its new all time high, everyone will be benefited and reap huge amount of profits.
hero member
Activity: 2856
Merit: 674
August 25, 2022, 04:19:14 PM
#58
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?
I can’t set a fixed future price of bitcoin but the fact that its value grows every year, then I will always hope for the best price of bitcoin, a price that is way lot higher from all those all time highs being achieved. As long as there are potentials of bitcoin that keeps meeting the demand of the crypto community, then we can expect for the best and highest price of bitcoin to be achieved.
legendary
Activity: 2534
Merit: 1338
August 24, 2022, 10:44:58 PM
#57
what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.
The only thing I use to assure everybody is that bitcoin price will pump in the future, Bitcoin price will suprise most of us but I don't make prediction about bitcoin price, nobody knows what will happen in future and am sure nobody knows the price that bitcoin will get to, some of those people making bitcon don't really know much about bitcoin and they keep on making predictions, so I think most of the people making prediction should just stop, they should stop misleading people.
What happens is that the economy changes too fast to make any kind of meaningful long term predictions, for example we could predict that bitcoin will reach a certain price at the end of this year but that prediction will become invalid the moment and important event happened, like the collapse of a big bank which sent the world through a global recession, or that start of a new war or even a new pandemic, so while it is interesting to read the predictions about the price of bitcoin it is also important to understand the limitations of those predictions.
hero member
Activity: 1484
Merit: 928
August 24, 2022, 12:49:22 PM
#56
what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.
The only thing I use to assure everybody is that bitcoin price will pump in the future, Bitcoin price will suprise most of us but I don't make prediction about bitcoin price, nobody knows what will happen in future and am sure nobody knows the price that bitcoin will get to, some of those people making bitcon don't really know much about bitcoin and they keep on making predictions, so I think most of the people making prediction should just stop, they should stop misleading people.
legendary
Activity: 2408
Merit: 1102
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August 23, 2022, 11:47:35 PM
#55
Bitcoin surely has a long way to go but whatsoever speculations we make about it's price will just be a mere speculation.
Nobody can tell what the price could be in a long term. One thing we can definitely say is that bitcoin will survive and exist in the long run.
Given a duration of 28 years from now, which means by 2050 the price could cross $10 million according to me.
If not $10 million then it would definitely cross $1 million by then. 28 years is a long time though.

1bitcoin to reach 10 million dollars is impossible, then the crypto market cap will be huge, bigger than gold, stock market or any other market. But with the target of 1bitcoin = 1 million USD will be more feasible, then the capitalization of bitcoin will be 19 trillion USD with 19 million bitcoins circulating in the market.

Actually, we can only predict for fun, this is really unimaginable and predictable, it's too far from reality. Bitcoin price is priced based on a lot of objective factors and we cannot even imagine what kind of asset bitcoin will become in 2050 so it is unpredictable.
legendary
Activity: 3080
Merit: 1353
August 23, 2022, 10:38:04 PM
#54
Re: Bitcoin Longterm Price Target

You made an interesting calculations in Op, even though there are some assumptions, it  could be a guide to further predictions.
Concerning the question you raised about Bitcoin price in the long term. The word long-term is somewhat generic. In my own definition, I can say that from 1 to 2yrs is not a long-term. Maybe from 5yrs to 10yrs can be the long term in my thought. And if my thought be the thought of others, 10yrs is big to predict what could happen in bitcoin. Technology is moving phasing in and phasing out, by 10yrs who knows bitcoin could be hard forked again and who knows it might not. Perhaps the price could hit $200,000

Ok, let's point it this way, maybe he is referring to the next bull run? somewhat along 2024-2025 because that's we're the baseline of speculations is, for the price to hit 6 digits or at least $100,000. This is predicted in 2021 and it didn't happen, so we make our own assumptions just like the OP and see the price as somewhat intersecting on that direction as well. I guess the bull run will always be the same, prices go up, massive spike and every time we hit a new all time high and this could happen again and 6 digit should be now the starting point.
hero member
Activity: 1498
Merit: 711
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August 23, 2022, 04:58:29 PM
#53
<...> .
Regardless of the facts and the truth, I think predictions and speculations are important to always be able to keep traders optimistic about the future of bitcoin, especially about the price. I know supply and demand affect the market, but prediction and analysis is the first step to finding loopholes to enter this risky market.
from my statement, i did not condemn the fact that speculation concerning cryptocurrency is not normal. But i only emphasized on when making a reference of cryptocurrency knowing that people might seek or stick on your opinion as the perfect option, we who is speculation or circulating the information of cryptocurrency should try and portray a positive one that's tangible, because is not all the speculation is accurate.
legendary
Activity: 2618
Merit: 1181
August 23, 2022, 04:48:50 PM
#52
what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.
Regardless of the facts and the truth, I think predictions and speculations are important to always be able to keep traders optimistic about the future of bitcoin, especially about the price. I know supply and demand affect the market, but prediction and analysis is the first step to finding loopholes to enter this risky market.

Any analysis done is not necessarily to justify the accuracy of their predictions, but it is something that can motivate oneself to believe in a good possibility which is not necessarily the case. So it is always good to invest in the amount that we can afford to lose, this is a way to minimize risk and avoid psychological and financial problems.
hero member
Activity: 1498
Merit: 711
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August 23, 2022, 04:36:22 PM
#51
I don't think anybody can predict the future price of bitcoin, but am sure bitcoin will definitely suprise lot's of people, most expecially the people that don't really believe in bitcoin currently, I notice bitcoin adoption in increasing on a daily basis and with time most of the countries banning bitcoin currently won't have choice than to adopt bitcoin later in the future, so I believe bitcoin price will pump very well in the future but I don't think anybody can predict the price.
what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.
legendary
Activity: 1288
Merit: 1081
Goodnight, o_e_l_e_o 🌹
August 23, 2022, 03:09:40 PM
#50
Re: Bitcoin Longterm Price Target

You made an interesting calculations in Op, even though there are some assumptions, it  could be a guide to further predictions.
Concerning the question you raised about Bitcoin price in the long term. The word long-term is somewhat generic. In my own definition, I can say that from 1 to 2yrs is not a long-term. Maybe from 5yrs to 10yrs can be the long term in my thought. And if my thought be the thought of others, 10yrs is big to predict what could happen in bitcoin. Technology is moving phasing in and phasing out, by 10yrs who knows bitcoin could be hard forked again and who knows it might not. Perhaps the price could hit $200,000
newbie
Activity: 1
Merit: 0
August 23, 2022, 02:00:21 PM
#49
I disagree. Valuing bitcoin isn't as hard as people make it out to be. Just because Wallstreet shills claim there is no way to value btc doesn't make it true. Remember, their very existence is threatened by bitcoin.

Here is a start:
Add the market cap of gold to some of bitcoin's utilities.
Current gold market cap is approximately 10 trillion.
Bitcoin can and will disintermediate credit card companies. Estimated market cap of all credit card issuers: 2 trillion.
Bitcoin can also disintermediate all other payment rails such as Apple pay and Venmo and many banking fees related to currency exchange and moving money around the globe. Easily another 3+ trillion.
The conservative value of bitcoin at the current purchasing power of the dollar is easily 20 trillion.
20 trillion / 20 million btc = 1 Million per bitcoin. This will be the floor by 2030.
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Have a nice day!
 Grin
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