Bitcoin Longterm Price Target - page 5.

tippytoes

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Quote from: AicecreaME on August 18, 2022, 08:18:54 AM

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.

The calculations for me is also pointless, there are so many factors that may or may not happen. Even 50% adoption is mere speculation. We have no clue to when bitcoin will survive. The long lifespan is also not a guarantee as technology can easily be replaced by a new one. We are just hoping that bitcoin will live long in this market.

ningrum

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Quote from: cryptoaddictchie on August 18, 2022, 04:40:13 AM

Quote from: wxa7115 on August 18, 2022, 03:00:21 AM

but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

I dont think bitcoin price will come at a point that its not gonna be usef by massive community. We all knew that even it goes high beyond imaginations, it will still need to be balance with the economy. If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.

just think about it, if you target the Bitcoin price to $ 1 million, of course it is very outrageous,
even though many people are still predicting at $100k and it hasn't materialized yet, so don't think too much about the price

AllGoodNamesAreTaken

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$100k in next bull run!

AicecreaME

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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.

traderethereum

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Quote from: worle1bm on August 18, 2022, 01:42:50 AM

In the coming years we can't say with surety but seeing the current trend the btc will be worth much because fiat around the globe is subject to inflation at much faster pace.The USD,EURO and all other currencies are going down each year and the demand for btc is rising and supply decreasing which will surely boost it's price.If it will be still in usage few years later the price will be higher then $200k or something which is just an estimate.

The opportunity for bitcoin is still used a few years later because bitcoin is now growing rapidly from several years before.
The acceptance of several countries as a means of payment provides more opportunities for bitcoin to be used globally.
But indeed, it will depend on the conditions of each country because there are still those who reject bitcoin as a means of payment.
After all, it is not following what the government wants.
But the demand for bitcoin is increasing, especially when the price is still below what it is today because it seems like rich people are moving their money to bitcoin because they see the potential for bitcoin to grow even better in the future.

Baofeng

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Quote from: Solosanz on August 17, 2022, 10:51:48 AM

The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.

I'm not sure if S2F could still be a good measuring tool, the model has failed already and although it has been adjusted time and time again depending on the market, I wouldn't put too much on it as of now.

Again, as others have pointed out, there could be a lot of parameters that we need to include. So this could just be rough estimate, factors like demand will be very big in the future if governments are going to print more money.

cryptoaddictchie

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Quote from: wxa7115 on August 18, 2022, 03:00:21 AM

but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

I dont think bitcoin price will come at a point that its not gonna be usef by massive community. We all knew that even it goes high beyond imaginations, it will still need to be balance with the economy. If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.

wxa7115

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Quote from: cryptoaddictchie on August 17, 2022, 03:56:29 AM

Also those 21million supply isnt 21million too. Some of these are forgotten and loss in the blockchain due to such personal mistake and some of it also hasnt been mined all.

Aiming to calculate the price isnt easy. Not sure though if bitcoin supply is equally distributed, what price it could reach. But of course this is impssible since some have really big cut on the pie.

I would venture to guess that an unequal distribution of bitcoin in fact could make its price to go up even higher as this is something similar to what we see with other assets.

However as you say calculating the future price of bitcoin is never easy especially since we do not know how high will be the inflation in the future, if things really get out of hand we could see prices for bitcoin that we never thought possible, but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

worle1bm

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In the coming years we can't say with surety but seeing the current trend the btc will be worth much because fiat around the globe is subject to inflation at much faster pace.The USD,EURO and all other currencies are going down each year and the demand for btc is rising and supply decreasing which will surely boost it's price.If it will be still in usage few years later the price will be higher then $200k or something which is just an estimate.

GreatArkansas

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Quote from: hZti on August 17, 2022, 03:30:24 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).
(....)

I am thinking that more volume or market cap on Bitcoin even if the price is not that so high, will help the price of Bitcoin less volatile compared to what we experience for the past few years, and even now, volatile is still huge for me compared to other assets that already got high trading volume, it's just a sign we are still early.

goaldigger

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Quote from: Johnyz on August 17, 2022, 05:30:34 PM

Quote from: Longer27 on August 17, 2022, 03:33:41 PM

I think in the future $ 1,000,000 per BTC coin will be the bottom, but for now all we are seeing is just the volatility of the coin getting back on its feet...

Wondering how much is the price of Pizza at that time because probably, commodities will also rise along with the cryptomarket. There’s a lot of good predictions with Bitcoin and many are really bullish about Bitcoin though its ok to think about that but maybe its also good to focus more on the current situation of the market. That future can help you motivate to adopt Bitcoin, and save some of your holdings for that purpose.

There’s still no assurance for this but the way Bitcoin works today, I can say that its really meant to stay and probably everyone will have their own Bitcoin by that time. Whales will become more rich, and those who have at least 1 BTC can also live a happy life if they are able to hold until such time. The limited supply of Bitcoin is a big thing, once we mined all of them probably the supply will be limited and if the adoption also started, that will make the price of Bitcoin more expensive.

Johnyz

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Quote from: Longer27 on August 17, 2022, 03:33:41 PM

I think in the future $ 1,000,000 per BTC coin will be the bottom, but for now all we are seeing is just the volatility of the coin getting back on its feet...

Wondering how much is the price of Pizza at that time because probably, commodities will also rise along with the cryptomarket. There’s a lot of good predictions with Bitcoin and many are really bullish about Bitcoin though its ok to think about that but maybe its also good to focus more on the current situation of the market. That future can help you motivate to adopt Bitcoin, and save some of your holdings for that purpose.

justdimin

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Quote from: Solosanz on August 17, 2022, 10:51:48 AM

The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.

That's definitely true. Which still leaves with 1.5 million per bitcoin if we are looking at averages. Do not get me started on the companies as well, because this is per person, if we are talking about prices based on companies, that's going to change it a lot as well. All in all, what I believe bitcoin is all about equals to no top price ever.

Because, there is inflation as well. If the average person could have 80k per year salary today, it will be 100k in a decade or so, which means that we can't talk about how bitcoin is all great and what not, while also not realizing that inflation will make sure that bitcoin will be ever growing and will never stop.

Longer27

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I think in the future $ 1,000,000 per BTC coin will be the bottom, but for now all we are seeing is just the volatility of the coin getting back on its feet...

hZti

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Quote from: Solosanz on August 17, 2022, 10:51:48 AM

Maybe if you only use 10% of the average wealth, it's more make sense.

This may be true, but then we should have a lot lower prices right now, because the adoption is so low at the moment. I used that high of a wealth to compensate for investment funds, countries, etc. that will also buy in. Still Im open for other numbers.

Mr.right85

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Quote from: hZti on August 17, 2022, 03:30:24 AM

Of course it's clearly stated that this calculations comes with a lot of assumptions and with that, the element of demand and supply is not considered in all this and that plays a vital role in the functionality of bitcoin as well as other scares commodities.

Bitcoin is capped at 21,000,000 and is ure to be one of the most scares commodities in the world that is expected to be used on a global scale and that means, the price obtained in that calculation can't go.

It doesn't even apply at the moment and with bitcoins surging after every halving, we would come to a point where the Sats would come with some real value.

ningrum

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Quote from: hZti on August 17, 2022, 10:17:09 AM

Quote from: Z-tight on August 17, 2022, 06:04:36 AM

I don't have an approach to be used to predict the price of bitcoin longterm, and i do not think any person can have an accurate approach that will arrive at the exact result in the future, we can speculate, that is not too hard to do, but we can't control the market pattern, and something very different to our prediction can eventually happen.

That is totally right but I just like to collect numbers on what people think. Because right now it seems that the market is basically random and we will never be able to archive a relatively high and stable price if people do not think about this. So if you want, feel free to post a number what you think.

it is very difficult to predict the price of bitcoin, especially at this time, because we are in a bear market,
where the bottom is still not clearly visible, yes, although many people have said $17k is a bottom,
but I myself am still not sure, and what you are right say about random prices.

Solosanz

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The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.

hZti

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Magic

Quote from: Z-tight on August 17, 2022, 06:04:36 AM

I don't have an approach to be used to predict the price of bitcoin longterm, and i do not think any person can have an accurate approach that will arrive at the exact result in the future, we can speculate, that is not too hard to do, but we can't control the market pattern, and something very different to our prediction can eventually happen.

That is totally right but I just like to collect numbers on what people think. Because right now it seems that the market is basically random and we will never be able to archive a relatively high and stable price if people do not think about this. So if you want, feel free to post a number what you think.

Z-tight

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Only BTC

I don't have an approach to be used to predict the price of bitcoin longterm, and i do not think any person can have an accurate approach that will arrive at the exact result in the future, we can speculate, that is not too hard to do, but we can't control the market pattern, and something very different to our prediction can eventually happen.

It goes without saying that bitcoin's uptrend is just beginning, it has a capped supply and it is inflation-resistant, so the price can touch amounts that are so high & unexpected and difficult to predict; i will not try to calculate what the price will be, but i trust the network and if i live long, i will be in it to see what the future holds.

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