Bitcoin price: with 12 years from nothing to maturity

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Quote from: asrinur on April 02, 2022, 04:52:19 AM

Quote from: JaanusRaim on October 31, 2021, 02:20:47 AM

It is interesting to look at this zodiac circle:

31.10.2009 0.001 usd
31.10.2010 0.20 usd (+ 200 times), Tiger, red
31.10.2011 3.19 usd (+ 15.95 times), Rabbit, green
31.10.2012 11.20 usd (+ 3.51 times), Dragon, yellow
31.10.2013 216.00 usd (+ 19.29 times), Snake, blue
31.10.2014 348.67 usd (+ 1.61 times), Horse, black
31.10.2015 311.24 usd (+ 0.89 times), Sheep, white
31.10.2016 686.24 usd (+ 2.20 times), Monkey, grey
31.10.2017 5734.00 usd (+ 8.36 times), Rooster, brown
31.10.2018 6309.11 usd (+ 1.10 times), Dog, purple
31.10.2019 9550.60 usd (+ 1.51 times), Pig, pink
31.10.2020 13803.41 usd (+ 1.45 times), Rat, orange
31.10.2021 61343.90 usd (+ 4.44 times), Ox, beige.

Every year is unique, and they together form almost eight orders of magnitude (100 000 000 times) increases (+4.5 times or +350% per year, on average). The maximum rise potential from 0.001 usd is ca nine orders of magnitude (1 000 000 000 times) in nowadays purchasing power because there is no more money in the world Kiss

I think, one thing is sure:
Bitcoin price has no potential to rise more than approximately one order of magnitude (10 times). The maximum price can not significantly exceed 1 000 000 dollars per bitcoin in nowadays purchasing power even with best scenario (mass adoption, becoming the currency of the world). We can say that bitcoin price has achieved (almost) full maturity in just 12 years - eight from nine orders of magnitude.
This means that there will be no price gain per year comparable to 2020-2021 (or the 2009-2021 average) without huge price crash - no room for 300% or higher price rises per year (in nowadays purchasing power) from present level.

It is very difficult to predict the price of Bitcoin in the next few years with certainty. However, if you pay attention to historical price trends to the fundamental analysis that underlies its price movements so far, of course the price of bitcoin continues to increase from year to year. Of course, one of the factors that pushed the price of bitcoin to rise is the matter of mass adoption.

there is no need to predict completely but at least predicting closer to what it can reach and the basis is the position per halving things that mostly happen constantly .

I also predicting the price for myself and that is something that i love doing each year, this challenged my capacity to wait and my ability to proceed each year .

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Quote from: JaanusRaim on October 31, 2021, 02:20:47 AM

It is interesting to look at this zodiac circle:

31.10.2009 0.001 usd
31.10.2010 0.20 usd (+ 200 times), Tiger, red
31.10.2011 3.19 usd (+ 15.95 times), Rabbit, green
31.10.2012 11.20 usd (+ 3.51 times), Dragon, yellow
31.10.2013 216.00 usd (+ 19.29 times), Snake, blue
31.10.2014 348.67 usd (+ 1.61 times), Horse, black
31.10.2015 311.24 usd (+ 0.89 times), Sheep, white
31.10.2016 686.24 usd (+ 2.20 times), Monkey, grey
31.10.2017 5734.00 usd (+ 8.36 times), Rooster, brown
31.10.2018 6309.11 usd (+ 1.10 times), Dog, purple
31.10.2019 9550.60 usd (+ 1.51 times), Pig, pink
31.10.2020 13803.41 usd (+ 1.45 times), Rat, orange
31.10.2021 61343.90 usd (+ 4.44 times), Ox, beige.

Every year is unique, and they together form almost eight orders of magnitude (100 000 000 times) increases (+4.5 times or +350% per year, on average). The maximum rise potential from 0.001 usd is ca nine orders of magnitude (1 000 000 000 times) in nowadays purchasing power because there is no more money in the world Kiss

I think, one thing is sure:
Bitcoin price has no potential to rise more than approximately one order of magnitude (10 times). The maximum price can not significantly exceed 1 000 000 dollars per bitcoin in nowadays purchasing power even with best scenario (mass adoption, becoming the currency of the world). We can say that bitcoin price has achieved (almost) full maturity in just 12 years - eight from nine orders of magnitude.
This means that there will be no price gain per year comparable to 2020-2021 (or the 2009-2021 average) without huge price crash - no room for 300% or higher price rises per year (in nowadays purchasing power) from present level.

It is very difficult to predict the price of Bitcoin in the next few years with certainty. However, if you pay attention to historical price trends to the fundamental analysis that underlies its price movements so far, of course the price of bitcoin continues to increase from year to year. Of course, one of the factors that pushed the price of bitcoin to rise is the matter of mass adoption.

Fundamentals Of

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What do you mean by full maturity? Bitcoin's full maturity is not to be based on its price. The price of Bitcoin does not mean adoption. The price could rise high while at the same time Bitcoin's use is declared illegal in many countries. This is possible. And this is not maturity.

Maturity should refer more to its global standing as a currency, to its adoption in actual stores and other businesses and their customers. It is not about the price. It is the use.

Bitcoin is still in its infancy until now. It is far from becoming mature.

Wawa2013

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Quote from: StreakW on February 03, 2022, 06:30:15 AM

I think anything can happen in the crypto world, but it is difficult to predict with certainty the price of bitcoin in the future. If you look at the positive performance in 2021, you can convince the public that bitcoin's performance will be more mature until the end of the year. However, as we all know that the price of bitcoin is influenced by many factors so that in early 2022 the price of bitcoin has decreased to the level of $38k.

Bitcoin price movements are always surprising, no one expected in 2021 Bitcoin could experience a very high increase. Even Bitcoin has broken
record highs several times, so now many people are starting to believe that Bitcoin has a bright future. Therefore, when entering the beginning of
2022 there was a bear market, quite a lot of people are taking advantage of the Bitcoin price drop as an opportunity to buy Bitcoin. Because learning
from the movement of Bitcoin over 12 years, we can conclude that how deep the price of Bitcoin fell, will always be able to go up again. And also
Bitcoin is showing more maturity, so no need to panic with the price of Bitcoin which is still under $40k, this situation is only temporary. Later Bitcoin
can definitely recover and will reach new ATH, so only people who have patience and have faith in the future of Bitcoin, who can benefit from Bitcoin.

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Quote from: Evgenklm on November 01, 2021, 01:59:14 PM

How painful it is to look at the price below $ 1 for bitcoin and now I open CMC and just can't believe that the price is more than $ 60 thousand. The author is right that bitcoin may well rise to unthinkable and astronomical values, it only takes time.

Everything is all because of the adoption because it's a technology that can be adopted into every industry, every year there is a new trend new companies and new personalities coming in to cast their support and influence in the market, I believe in Fengshui and astrology but I cannot connect the price of Bitcoin to the Chinese zodiac, because of the volatility of the market, it can dip or crash or pump or improve anytime.

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I think anything can happen in the crypto world, but it is difficult to predict with certainty the price of bitcoin in the future. If you look at the positive performance in 2021, you can convince the public that bitcoin's performance will be more mature until the end of the year. However, as we all know that the price of bitcoin is influenced by many factors so that in early 2022 the price of bitcoin has decreased to the level of $38k.

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It is really cool to see what we already know, but proven with facts. I always said that in the long run bitcoin is a very profitable thing and there is absolutely nothing that could dethrone bitcoin for me in investment world, nowadays I feel ETH is a bit closer to my heart, the new ETH 2.0 is coming up one day and I am guessing at that moment my own flipping could happen and I could see myself having a bigger investment on ETH but it is all crypto and all the same.

Bitcoin is just surreal on how great it is to just hold it, I wish I held all of the bitcoins I have ever earned, would be super wealthy right now, but I can't focus on that and just need to focus on whatever I have right now, and what I might have in the future. If this keeps up, then I will be able to call myself wealthy one day, maybe not in a few years but definitely in a few decades.

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Known facts but still its interesting to see their price at the end of every year and what it is going to be for this year. I don't think we are going to touch 60K in just a week of time because the price movement is in sideways for very long time and to be honest I expect a dump towards the last days and then it will continue to recover.

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Quote from: chikading2016 on December 15, 2021, 05:09:13 AM

The reason why some people loss is that they always think that they are already an expert even they are not. they always think that they can predict crypto base on their own analysis but they end up to lossing, We cannot predict crypto even in a short period of time so there is no way also to predict crypto 12 years from now.

That seems to be the main idea for many people who are not aware of the fact that bitcoin always goes up. If you want to predict "when" then you are right that nobody will be able to predict that, we as the market (you and I and everyone else here is the reason why it goes up or down) decide it on the fly. When we hear a bad news we FUD and drop it, when we hear a great news we FOMO it and buy, but we are the ones that decide it.

So, when you want to try to predict what will happen in the future, you are trying to predict if people will buy or not. So that means you are not really doing something special with it, you are actually trying to predict us, which is doable if you are good enough. The main point is that, it would not be that much of a problem if you are only looking at long term and how it will go up, however it will be harder if you want to predict just this week.

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The reason why some people loss is that they always think that they are already an expert even they are not. they always think that they can predict crypto base on their own analysis but they end up to lossing, We cannot predict crypto even in a short period of time so there is no way also to predict crypto 12 years from now.

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Quote from: justdimin on December 14, 2021, 03:22:53 PM

Quote from: traderethereum on December 13, 2021, 10:23:04 PM

I do not know anything about astrology but I read in some local articles that humans can predict what can happen in the future and give warnings to others. Some people still believe in zodiac calculation or something like that.
You can say that is all related to the zodiac cycle and all the grey things that most people do not understand but I just believe that bitcoin can increase more than today, no matter how long the price can increase.
Maybe bitcoin needs more than 2 years or even longer to increase to $1,000,000 but it will surely reach that price.
With all of the predictions, we can only wait for what will happen with preparing ourselves and if you believe bitcoin will increase at the right time, you should prepare yourself.
Otherwise, you can end your journey in bitcoin right now and search for other opportunities.

I do not believe any supernatural thing at all, just because some planets are in some places in certain times it should not be telling anything about the future. Even signs are a bit more understandable since it is talking about the character of a person and not trying to predict the future per se, if you have enough sample size of people who are born at same time and can try to do polls around the world to millions of people about it, then they would give a good result which means it could be proven.

However, talking about the future and prices and profits all thanks to some space movements does not make sense to me at all. Hopefully we will see 1 million dollars in our life time, that is all I need to know, if that happens then things will be fine for me.

Yeah, many people do not believe supernatural but that thing has been with us from a long time ago.
It is no problem if we do not believe in that because we think that is out of our imagination.
Or there are really some people who can see the signs from those planets and have the knowledge to explain the future.
We should use our knowledge to trade to make a profit but that can be our info and nothing to lose for us to have more knowledge.

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Quote from: traderethereum on December 13, 2021, 10:23:04 PM

I do not know anything about astrology but I read in some local articles that humans can predict what can happen in the future and give warnings to others. Some people still believe in zodiac calculation or something like that.
You can say that is all related to the zodiac cycle and all the grey things that most people do not understand but I just believe that bitcoin can increase more than today, no matter how long the price can increase.
Maybe bitcoin needs more than 2 years or even longer to increase to $1,000,000 but it will surely reach that price.
With all of the predictions, we can only wait for what will happen with preparing ourselves and if you believe bitcoin will increase at the right time, you should prepare yourself.
Otherwise, you can end your journey in bitcoin right now and search for other opportunities.

I do not believe any supernatural thing at all, just because some planets are in some places in certain times it should not be telling anything about the future. Even signs are a bit more understandable since it is talking about the character of a person and not trying to predict the future per se, if you have enough sample size of people who are born at same time and can try to do polls around the world to millions of people about it, then they would give a good result which means it could be proven.

However, talking about the future and prices and profits all thanks to some space movements does not make sense to me at all. Hopefully we will see 1 million dollars in our life time, that is all I need to know, if that happens then things will be fine for me.

traderethereum

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I do not know anything about astrology but I read in some local articles that humans can predict what can happen in the future and give warnings to others. Some people still believe in zodiac calculation or something like that.
You can say that is all related to the zodiac cycle and all the grey things that most people do not understand but I just believe that bitcoin can increase more than today, no matter how long the price can increase.
Maybe bitcoin needs more than 2 years or even longer to increase to $1,000,000 but it will surely reach that price.
With all of the predictions, we can only wait for what will happen with preparing ourselves and if you believe bitcoin will increase at the right time, you should prepare yourself.
Otherwise, you can end your journey in bitcoin right now and search for other opportunities.

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Quote from: romero121 on November 07, 2021, 06:30:56 PM

This thread gives the best of the value difference between years. The same level of variation could happen after years. After this same time period we can see similar level of growth. The same is being mentioned through a small meme post.

Well that is true dude if keept our cryptocurrencies for 40 years definitely we will become rich, if we will just think as an investor for long term profit mindset definitely it will happen, that's why even I don't have that big capital i force my self to invest in cryptocurrencies cause i know it will also for me in the future.

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Quote from: crzy on December 13, 2021, 04:57:35 PM

Quote from: arufox on December 13, 2021, 10:38:06 AM

It's hard to predict the bitcoin price accurately, let alone setting a maximum price of over 1 million dollars per bitcoin may sound impossible. but we do not know how far the price of bitcoin will continue to move in the next 5-10 years. however, I think the positive trend of bitcoin price will continue in the next few years. Therefore all possible prices could go forward and have room for a 100%-200% price increase.

No one expect for the price of Bitcoin to reach this much not until adoption begin so for me, we are heading to that price and soon will be on the top of everything because Bitcoin is the new Gold of our era. We can have a better because of cryptocurrency, we are still lucky that we can freely use Bitcoin. Do your best and have more Bitcoin, this is the trend now.

Adoption is on the move and no one had really expected for Bitcoin to be this big considering that it has no even value when it had just started.What makes it good is on having that decentralized and anonymity features which did really make it to be popular and been gradually adopted and now it do gain some attention and we are moving forwards on global adoption which is something an inevitable thing to happen.
Expect that it would reach out new all time highs on future years to come as long recognition is there.

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Quote from: arufox on December 13, 2021, 10:38:06 AM

It's hard to predict the bitcoin price accurately, let alone setting a maximum price of over 1 million dollars per bitcoin may sound impossible. but we do not know how far the price of bitcoin will continue to move in the next 5-10 years. however, I think the positive trend of bitcoin price will continue in the next few years. Therefore all possible prices could go forward and have room for a 100%-200% price increase.

No one expect for the price of Bitcoin to reach this much not until adoption begin so for me, we are heading to that price and soon will be on the top of everything because Bitcoin is the new Gold of our era. We can have a better because of cryptocurrency, we are still lucky that we can freely use Bitcoin. Do your best and have more Bitcoin, this is the trend now.

arufox

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It's hard to predict the bitcoin price accurately, let alone setting a maximum price of over 1 million dollars per bitcoin may sound impossible. but we do not know how far the price of bitcoin will continue to move in the next 5-10 years. however, I think the positive trend of bitcoin price will continue in the next few years. Therefore all possible prices could go forward and have room for a 100%-200% price increase.

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Quote from: STT on November 07, 2021, 06:59:29 PM

12 years is a long time, during this time the Dollar has not stayed as one but now is a lesser version of its previous self. The US dollar of 2009 is not the US dollar of 2021, we dont live in that fixed value world anymore.

Quote

Bitcoin price has no potential to rise more than approximately one order of magnitude

dont place any limits on BTC when we lack that certainity in any regard

That is what is so deceiving about the dollar, people still see the same dollars on their pockets and their bank accounts but the dollar of today is many times weaker than the dollar of that time, and the farther we go back to the past the stronger the dollar was, however we are reaching a critical point, people are slowly realizing this truth and are looking for alternatives, and whether they pick bitcoin or not the fact that one more person decides to not fully support fiat is one more step towards its eventual collapse.

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I'm not an expert on the zodiac and things like that, but people relate the price of Bitcoin to everything, so I guess it was only a matter of time before someone would go in this direction (although it is possible that this is not the first time on the forum). Personally, I don’t believe it has anything to do with it, except for those looking for meaning in such things.

I don't think this period should be called maturity when it comes to Bitcoin, 12 years is simply too little time for something like this. It will take at least another ten years for Bitcoin to reach a certain degree of maturity, because we are still far from any major adaptation, and too few people even understand what Bitcoin is, not to mention that some use it in a completely wrong way.

Of course the OP wonders and concludes that the price will not rise more than x10, which implies that we should no longer hope for profits as has been the case in the past. This makes some sense, because it is not realistic that someone will earn x1000 by investing in BTC at current prices - we need to be realistic with some things.

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Quote from: romero121 on November 07, 2021, 06:30:56 PM

This thread gives the best of the value difference between years. The same level of variation could happen after years. After this same time period we can see similar level of growth. The same is being mentioned through a small meme post.

https://i.imgur.com/J6gAHd2.jpeg

Very good picture!
But it is not suitable for bitcoin nowadays. Unless a huge price crash happens, bitcoin can not be a very good investment in 2020s even with the best scenario (mass adoption, becoming the only currency of the world), because this scenario is already taken into account by many many people.

This picture is suitable for some other asset. This asset has to have one important (demand side) characteristic - it has to be unrecognized by (almost) everybody. In other words: it has to seem worthless like dust or bottle tops, electronic or not.

Really good investment smells like a joke. Nobody takes you seriously when you talk about it Tongue

Topic: Bitcoin price: with 12 years from nothing to maturity (Read 405 times)