Bitcoin will be worth $100k in under 5 years, and eventually over 375k

CodyAlfaridzi

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It's possible. $100,000 is about 12x from here, right? A long way to go, but feasible I think. Once Bitcoin gets regulated and traded on the conventional financial market, I'm sure we'll go boom. Just remember that Bitcoin price was only $1000ish back in January this year, and it has gone 8x from that today. I know at 4 digits it would be a different level, but hey we've done that before many times Cheesy

Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

Alts would go crazy as well I think. Altcoin total market cap is somehow related to BTC. Besides that, some altcoins are actually great and have a lot of potentials, not all of them are shit. Ethereum, for example, is a great project with a lot of potential with its smart contract. If Bitcoin goes $100K, well at least ETH should reach $1000-$2000.

Quote from: Shaku on November 20, 2017, 09:57:52 AM

Of course it will depend a lot about the way governments will support / regulate BTC,do they considered them as a threat or as something positive.

Some governments today are supportive and looking to regulate and support blockchain and cryptocurrency in general. We are off to a good start. Once some countries having a positive attitude into it, others will follow.

jjacob

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Quote from: CoinHoarder on November 20, 2017, 01:02:36 AM

Quote

I've been doing a lot of thinking lately about Bitcoin and its future. It has gone up a lot since I first started learning and following it in 2012... from $10 each to $8000 each, or +80000%. I've been wondering if it is simply a bubble. Such performance from a commodity is indeed unheard of, and based on just that alone certainly seems unsustainable.
After much research and thought, I have decided that it is not a bubble, and I have even been putting my money where my mouth is by buying fractions of a Bitcoin with each weekly paycheck since March. Let me describe my thought process as succinctly as possible (bear with me… lol).

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-be-worth-100k-in-under-5-years-and-eventually-over-375k

This is outlandish, but it could come true. There will be a lot of millionaires right here in this forum if this happens. The big threat I see is the government stepping in to curb its use. Bitcoin would have to be the dominant currency on this world for this to happen, and the government may not sit back and allow it.

Washball

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Because the number of bitcoins is limited and more people are interested means the price could rise to these incredible heights. But that's not what is going to happen, unfortunately. When exchanges will introduce futures, and Bitcoin will be seen as just another stock market product, it will be the end of the crazy price rises.

Coffee135

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It seems to me that the price of $ 100,000 is a very high figure. Now bitcoin is free floating and its price depends on demand. What will happen to bitcoin if the bankers agree with each other and begin to block the ability to exchange bitcoins for Fiat. How will this affect its price? We still have to go through it. Why all believe in the legalization? I think they will try to destroy bitcoin.

ReLieD

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Woahh ! That's huge . I've seen people talk about 50k but this time 375k omg. Well holding that amount is not a joke and it would be better if we don't think about that , becuz that is not something that is going to happen soon or even in 5 years. Who knows what happens to the price in the next moment. So it's better to make short predictions rather than just saying anything

LoyceV

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Quote from: Herbert2020 on November 20, 2017, 02:13:21 AM

going to $100,000 in 5 years means rising 1150% in 5 years or 230% per year.

I like to look at https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd in Log-view, after selecting All-time.
Then, I like to draw an imaginary line under most of the graph. If I do this, it shows Bitcoin is currently worth 3 times more than what that line would suggest.
If I extrapolate that line for 5 years into the future, it's well above $100k! Of course, at some point, exponential growth will have to slow down, but before that happens it can reach much higher values.

My imaginary line is of course a. hopeful thinking, and b. has a huge margin of error: it can easily be 10 times higher or lower.

Now let's look at Bitcoin's price 5 years ago: $11.61. The current value is more than 700 times higher. If Bitcoin can do only 10% of that growth again in the next 5 years, you're looking at $500k.

richardsNY

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Quote from: gentlemand on November 20, 2017, 10:01:28 AM

There's a lot of weird entitlement when it comes to alt prices. People have been calling for an ETH pump simply because there hasn't been one for a while. That's ludicrous.

There is no pump because there isn't a reason to do so with Ethereum slowly but surely losing its main purpose of existence. Ethereum thrives on the ICO craze, and looking at how governments are planning to act in an attempt to stop this scam infested part of the market, it automatically lowers a huge part of its future demand. People however don't seem to realize it yet, but I am sure that they will once Ethereum sinks down further. It's insane if we look back at what Ethereum achieved in quite a short period of time, but party time is over....

Lucius

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Quote from: warrior333 on November 20, 2017, 08:11:58 AM

While the entire community enjoys another increase in the price of bitcoin it is worrying me. Yes indeed I don't like the price increase. With each price increase it becomes more difficult to earn bitcoin. I'm afraid that it might get people to hold bitcoins and go to payments in dollars. It's not a good trend.

If you're a beginner who wants to collect BTC it is quite understandable that price increase does not fit in your plans.What you can do is to make more effort to collect as many coins you can.People hold BTC all time,this is one of the reasons why prices go up,but they also use BTC in transactions to pay goods and services.Just check how many signature/twitter/facebook campaign + many other services on this forum use only BTC as a means of payment.

We should not be discouraged if we earn smaller amounts in BTC,in few years they can be worth xx times more then today.Just 3 years ago I collect daily 300k-500k satoshi on BTC faucets,many say it is dust and waste of time and today 500k satoshi is over 40$

INRI666

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Quote from: AmXProX on November 20, 2017, 08:55:56 AM

Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

Altcoin's price does not depend on Bitcoin's price. As you can see on the exchanges prices are changing in dollars or in your fiat currency. Bitcoin might reach millions of dollars but it doesn't mean that alt coin will experience the same because the price of crypto currency depends on it's demands and if your alt coin don't have much demand then it is worthless.

What? All the altcoins do depend on Bitcoin's price because every one of them are paired against it. I know there are altcoin and fiat trading pairs but they hardly have enough volume.

Victorycoin

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Quote from: AmXProX on November 20, 2017, 08:55:56 AM

Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

Altcoin's price does not depend on Bitcoin's price. As you can see on the exchanges prices are changing in dollars or in your fiat currency. Bitcoin might reach millions of dollars but it doesn't mean that alt coin will experience the same because the price of crypto currency depends on it's demands and if your alt coin don't have much demand then it is worthless.

That's not exactly correct because the prices of all altcoins are a certain ratio of that of Bitcoin and there are robots minding all that across exchanges. If the discrepancies in rates are left unattended, the resulting arbitrage opportunities could be quite enormous, meaning that a rising tide gets to raise all boats though it would be more pronounced with certain boats.

gentlemand

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Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

There's a lot of weird entitlement when it comes to alt prices. People have been calling for an ETH pump simply because there hasn't been one for a while. That's ludicrous.

A rising tide lifts all boats, but the crappy boats will sink. The alts with purpose will rise too. Empty shit worth billions like most current alts will sink or fall as they're overtaken by ones chosen by the market.

KennyR

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Quote from: davis196 on November 20, 2017, 01:32:08 AM

Quote from: CoinHoarder on November 20, 2017, 01:02:36 AM

Quote

I've been doing a lot of thinking lately about Bitcoin and its future. It has gone up a lot since I first started learning and following it in 2012... from $10 each to $8000 each, or +80000%. I've been wondering if it is simply a bubble. Such performance from a commodity is indeed unheard of, and based on just that alone certainly seems unsustainable.
After much research and thought, I have decided that it is not a bubble, and I have even been putting my money where my mouth is by buying fractions of a Bitcoin with each weekly paycheck since March. Let me describe my thought process as succinctly as possible (bear with me… lol).

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-be-worth-100k-in-under-5-years-and-eventually-over-375k

The fact that bitcoin price has such a massive growth doesn`t mean that it will continue with the same amount after 5 years.We are flying under the radars of the central banks and governments.They still don`t see bitcoin and the blockchain as a threat.If btc hit 100K USD,all the banks and governments will start to scream "THIS IS A BUBBLE,SELL!" and they will ban ,or atleast try to control and regulate the bitcoin marketplace.

Yes, that's true. Right now governments and other banking systems haven't given consideration to bitcoin. Most of the countries too have got a neutral support from the government. When the price goes beyond certain limit, surely it will be gaining more attention from the users as well from the governments and other authorities. So, the same might lead to failure. It's better to grow in a gradual manner.

Shaku

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Of course it will depend a lot about the way governments will support / regulate BTC,do they considered them as a threat or as something positive.

arseaboy

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Quote from: AmXProX on November 20, 2017, 08:55:56 AM

Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

Altcoin's price does not depend on Bitcoin's price. As you can see on the exchanges prices are changing in dollars or in your fiat currency. Bitcoin might reach millions of dollars but it doesn't mean that alt coin will experience the same because the price of crypto currency depends on it's demands and if your alt coin don't have much demand then it is worthless.

most of the alts which do have a good back up and good team would definitely ride after bitcoin rise they will manage to cope up and also rise their value, and you are correct its depend on how the supports find such project to be useful in the long run, I'm just wondering if how people will go crazy after 5 years when
bitcoin value worth that way.

Denker

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Quote from: davis196 on November 20, 2017, 01:32:08 AM

Quote from: CoinHoarder on November 20, 2017, 01:02:36 AM

Quote

I've been doing a lot of thinking lately about Bitcoin and its future. It has gone up a lot since I first started learning and following it in 2012... from $10 each to $8000 each, or +80000%. I've been wondering if it is simply a bubble. Such performance from a commodity is indeed unheard of, and based on just that alone certainly seems unsustainable.
After much research and thought, I have decided that it is not a bubble, and I have even been putting my money where my mouth is by buying fractions of a Bitcoin with each weekly paycheck since March. Let me describe my thought process as succinctly as possible (bear with me… lol).

More here: https://www.decentralized.tech/blogs/speculation-bitcoin-will-be-worth-100k-in-under-5-years-and-eventually-over-375k

The fact that bitcoin price has such a massive growth doesn`t mean that it will continue with the same amount after 5 years.We are flying under the radars of the central banks and governments.They still don`t see bitcoin and the blockchain as a threat.If btc hit 100K USD,all the banks and governments will start to scream "THIS IS A BUBBLE,SELL!" and they will ban ,or atleast try to control and regulate the bitcoin marketplace.

That's correct. Nothing is sure in terms of future growth! However you have to admit that an average daily growth of ~0.45% since 2010 is amazing!
Check Jameson Lopp's twitter and website: -> https://twitter.com/lopp/status/932245649462001664
Bitcoin doubles in price every ~8 months! And we are just started getting attention by the big guys. Novogratz himself said: " the herd is coming". And he foresees a possible price of $20k for Bitcoin at the end of next year.
Right now we are slowly moving over to the early adopter phase .
https://ondigitalmarketing.com/wp-content/uploads/2012/01/640px-Diffusionofideas.png

So 6 figures for Bitcoin in 3-5 years sounds crazy, but it really is not!

AmXProX

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Quote from: INRI666 on November 20, 2017, 08:35:40 AM

Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

Altcoin's price does not depend on Bitcoin's price. As you can see on the exchanges prices are changing in dollars or in your fiat currency. Bitcoin might reach millions of dollars but it doesn't mean that alt coin will experience the same because the price of crypto currency depends on it's demands and if your alt coin don't have much demand then it is worthless.

INRI666

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Here's my question. Ok, if Bitcoin reaches $100,000 then what would happen to the altcoins? Will they reach crazy valuations as well, or do we see them left by and eating Bitcoin's dust?

warrior333

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While the entire community enjoys another increase in the price of bitcoin it is worrying me. Yes indeed I don't like the price increase. With each price increase it becomes more difficult to earn bitcoin. I'm afraid that it might get people to hold bitcoins and go to payments in dollars. It's not a good trend.

Lucius

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If this speculation / prediction realized in next 5 years more or less,many would be happy and rich.Even if you manage to collect 1 BTC this would be very nice amount of money in every part of the world.It is difficult to predict can growth from this year continue,but if this year end between 8k-10k$ and in 2018. price go up "only" x5 we will have 40k-50k$ what would be great.

Of course it will depend a lot about the way governments will support / regulate BTC,do they considered them as a threat or as something positive.And today we can see completely opposite opinions,one government fully accepts it(Japan),some others consider it completely illegal(Bolivia, Ecuador,Bangladesh...)

buwaytress

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Quote from: Herbert2020 on November 20, 2017, 02:13:21 AM

going to $100,000 in 5 years means rising 1150% in 5 years or 230% per year. that sounds about right but only if you assume that bitcoin growth rate is going to go back down to the normal levels of last 3 years which were nearly that much.
otherwise this year price has gone up nearly 700% and the year is not over yet. even if the current rising rate doesn't go higher than this we should expect a much higher than $100k in 5 years, specially since the rise is more like an exponential growth rather than a linear one because of how "adoption boom" is.

That's the enjoyable "problem" we have with Bitcoin, isn't it? That it is, at the moment, unpredictably bullish, outperforming even most optimistic estimates that years of academic teaching, educational upbringing and trading experience has ingrained in us.

This incredible growth in 2017 alone has rewarded the risk takers, and made the conservative investors taking safer approaches feel like we missed out. Guy's been buying fractions since March, I've been able to hold on to fractions of Bitcoin earnings only several months earlier.

Still, if I can achieve 1 whole Bitcoin in fixed cold storage savings and it reaches that 100k valuation in 5 years, I'll consider myself a winner!

Topic: Bitcoin will be worth $100k in under 5 years, and eventually over 375k (Read 821 times)