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.
Topic: Bitcoin will be worth $100k in under 5 years, and eventually over 375k - page 2. (Read 821 times)
November 20, 2017, 02:13:21 AM
November 20, 2017, 02:01:15 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).
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.
actually a little bit less under the radar but i get your point here
price is undpredictable but i think that if bank and govs start really to ban and obstacole cryptos (more then they actually do) price will move up because very rich people will start to realize were to put they money
also big tech corp will exploit cryptos for evading taxation giving stem to the system
it's like prohibition: the opposite happens
November 20, 2017, 01:32:08 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).
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.
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).
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
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