Bitcoin got ranked as #1 coin to watch for this week, ranked by CoinCodex!
Read more:
https://coincodex.com/article/5220/top-3-coins-to-watch-september-23-september-29-2019/
Topic: Bitcoin price prediction, Crypto Currency Journey Planning. - page 2. (Read 331 times)
Those predictions have good figure I just hope that they will be realized in the future. I do not know surely how do they arrived at those big figures, what kind of basis and resources do they have in order for them to derive those figures. Or those figures could be just a guessing act since they are a group of bullish individuals who dreamed big for bitcoin. I dont really disagree with them but somehow those figures are really far fetch. I do believe that 1 million dollars is too much 2027 and 2037, I guess we will be playing at 100k to 300k dollars.
They have good figures but I am not sure that they are realistic, many of them predicting those extremely high figures are just doing that because they know that is what people wants to hear, so they are just using it to create popularity for themselves. Bitcoin has very promising future and we do not doubt that now that there is beginning to be a very high adoption from very great companies and very great individual, the dominance of bitcoin is also proving that has we are seeing lots of increase in the dominance of bitcoin, which shows that people are beginning to totally make use of bitcoin more than we think and this will hasten the supply of bitcoin to become limited while the demand will become higher which may lead to some of those predicted prices in future.
You’ve forgotten to place on the list one of those speculative predictions that bombs the crap out of the others (see https://www.metzdowd.com/pipermail/cryptography/2009-January/015004.html or https://satoshi.nakamotoinstitute.org/emails/cryptography/threads/2), where by Hal Finney imagines a future (no-date specified) scenario where Bitcoin could be worth … 10 million $ !
I figure the spirit was to promote Bitcoin right from the beginning (a week after the Genesys Block), but aren’t all these predictions aimed at that somehow ? …
Quote
Bitcoin v0.1 released
Hal Finney hal at finney.org
Sat Jan 10 21:22:01 EST 2009
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________________________________________
Satoshi Nakamoto writes:
> Announcing the first release of Bitcoin, a new electronic cash
> system that uses a peer-to-peer network to prevent double-spending.
> It's completely decentralized with no server or central authority.
>
> See bitcoin.org for screenshots.
>
> Download link:
> http://downloads.sourceforge.net/bitcoin/bitcoin-0.1.0.rar
Congratulations to Satoshi on this first alpha release. I am looking
forward to trying it out.
> Total circulation will be 21,000,000 coins. It'll be distributed
> to network nodes when they make blocks, with the amount cut in half
> every 4 years.
>
> first 4 years: 10,500,000 coins
> next 4 years: 5,250,000 coins
> next 4 years: 2,625,000 coins
> next 4 years: 1,312,500 coins
> etc...
It's interesting that the system can be configured to only allow a
certain maximum number of coins ever to be generated. I guess the
idea is that the amount of work needed to generate a new coin will
become more difficult as time goes on.
One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...
Hal
Note: Observe how Hal discounts 1M BTCs from the toll, which could lead to speculate that Satoshi's mined BTCs were never intended to be placed in circulation.Hal Finney hal at finney.org
Sat Jan 10 21:22:01 EST 2009
• Previous message: feds try to argue touch tone content needs no wiretap order
• Next message: What risk is being defended against here?
• Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]
________________________________________
Satoshi Nakamoto writes:
> Announcing the first release of Bitcoin, a new electronic cash
> system that uses a peer-to-peer network to prevent double-spending.
> It's completely decentralized with no server or central authority.
>
> See bitcoin.org for screenshots.
>
> Download link:
> http://downloads.sourceforge.net/bitcoin/bitcoin-0.1.0.rar
Congratulations to Satoshi on this first alpha release. I am looking
forward to trying it out.
> Total circulation will be 21,000,000 coins. It'll be distributed
> to network nodes when they make blocks, with the amount cut in half
> every 4 years.
>
> first 4 years: 10,500,000 coins
> next 4 years: 5,250,000 coins
> next 4 years: 2,625,000 coins
> next 4 years: 1,312,500 coins
> etc...
It's interesting that the system can be configured to only allow a
certain maximum number of coins ever to be generated. I guess the
idea is that the amount of work needed to generate a new coin will
become more difficult as time goes on.
One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.
As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.
So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...
Hal
I figure the spirit was to promote Bitcoin right from the beginning (a week after the Genesys Block), but aren’t all these predictions aimed at that somehow ? …
Those predictions have good figure I just hope that they will be realized in the future. I do not know surely how do they arrived at those big figures, what kind of basis and resources do they have in order for them to derive those figures. Or those figures could be just a guessing act since they are a group of bullish individuals who dreamed big for bitcoin. I dont really disagree with them but somehow those figures are really far fetch. I do believe that 1 million dollars is too much 2027 and 2037, I guess we will be playing at 100k to 300k dollars.
Yeah, sure, it's entirely possible that it COULD reach 1,000,000 or any other super high arbitrary number in the next 5,10,20 years -- but nobody knows for sure. I certainly wouldn't recommend betting your future on it.
At start I think of this site as a mere source of income. Because my classmates and friends tell me they earn money from this site. But when I visit this site I was enlightened that this forum is for us to get and give information about bit coins and other crypto currency. So that we can plan our moves and steps in a more profitable way if we would like to have a career in crypto currency trading. We also get to know people that can help us on our journey in the crypto currency industry. Some times we gain some and some times we lost some. But the important thing there is that we learn from that expirience. 
Now this is I would like to ask everyone. I want to know your predictions about Bitcoin and other crypto currency and what are your plans on the near future let's say for the next 5-10 years. Because I as wandering why other people think of bitcoin as a gold that it's value would rise even highier. I was reading the predictions of Big people that think it would be profitable to invest in it for the next five years.
here are some of their predictions
Chamath Palihapitiya – $1,000,000 (by 2037)
@chamath
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he had included Bitcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037. He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
Wences Casares – $1,000,000 (by 2027)
@wences
Wences Casares is the Founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares first found interest in Bitcoin due to high financial volatility in his home country Argentina’s native currency, the Peso. The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
John Pfeffer – $700,000 (no date)
@jlppfeffer
John Pfeffer is a partner at London-based family office Pfeffer Capital. He’s set a bold price target for Bitcoin of $700,000—about 175 times the current Bitcoin price of nearly $4,000. Pfeffer said that Bitcoin is the world’s first viable replacement for gold.
The math for his target works like this: firstly, he assumes that Bitcoin can replace all of the gold currently held by private investors — in other words, the gold bars that people keep in safe-deposit boxes or bury in their backyard (simply as a way to park their money in something more dependable than paper). He says that “Bitcoin is vastly easier to store and secure.”
Next up, the current value of all privately held gold bullion is about $1.6 trillion. Assuming there will be 18 million Bitcoins in circulation by the time the cryptocurrency fully replaces gold bullion, the implied value of a Bitcoin would then be $90,000. This is Pfeffer’s most conservative scenario, which he gives 8% odds of coming to fruition.
source: https://www.bitcoinprice.com/predictions/
So guys please give me your insights and plans on Bitcoins and other Crypto currency so we could help each other have a brighter future in this crypto currency world
Now this is I would like to ask everyone. I want to know your predictions about Bitcoin and other crypto currency and what are your plans on the near future let's say for the next 5-10 years. Because I as wandering why other people think of bitcoin as a gold that it's value would rise even highier. I was reading the predictions of Big people that think it would be profitable to invest in it for the next five years.
here are some of their predictions
Chamath Palihapitiya – $1,000,000 (by 2037)
@chamath
Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors. His Bitcoin journey started with an investment back in 2012, and by 2013 he had included Bitcoin in his hedge fund, general fund, private account. At one point, he owned 5% of all Bitcoin in circulation.
Palihapitiya has predicted Bitcoin price will reach $100,000 in the next 3-4 years, adding that it will reach a price of $1 million by 2037. He said, “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
Wences Casares – $1,000,000 (by 2027)
@wences
Wences Casares is the Founder and CEO of Xapo, a Bitcoin wallet startup, and a board member at PayPal, among various other roles. Casares first found interest in Bitcoin due to high financial volatility in his home country Argentina’s native currency, the Peso. The tech giant bought his first Bitcoins in 2011.
Casares believes that Bitcoin will hit $1 million sometime before 2027, he said at the Consensus 2017 conference in New York. Even better, he believes that Bitcoin could hit one million dollars in as few as 5 years, saying on May 23, 2017, that the milestone will be reached “in 5-10 years”.
John Pfeffer – $700,000 (no date)
@jlppfeffer
John Pfeffer is a partner at London-based family office Pfeffer Capital. He’s set a bold price target for Bitcoin of $700,000—about 175 times the current Bitcoin price of nearly $4,000. Pfeffer said that Bitcoin is the world’s first viable replacement for gold.
The math for his target works like this: firstly, he assumes that Bitcoin can replace all of the gold currently held by private investors — in other words, the gold bars that people keep in safe-deposit boxes or bury in their backyard (simply as a way to park their money in something more dependable than paper). He says that “Bitcoin is vastly easier to store and secure.”
Next up, the current value of all privately held gold bullion is about $1.6 trillion. Assuming there will be 18 million Bitcoins in circulation by the time the cryptocurrency fully replaces gold bullion, the implied value of a Bitcoin would then be $90,000. This is Pfeffer’s most conservative scenario, which he gives 8% odds of coming to fruition.
source: https://www.bitcoinprice.com/predictions/
So guys please give me your insights and plans on Bitcoins and other Crypto currency so we could help each other have a brighter future in this crypto currency world
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