Bitcoin will be worth $20,000-55,000 by the year of 2022

aardvark15

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Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

That would be in the neighborhood of a 40% gain every year just to be on the low side of that projected range. I hope he is right but it seems unlikely to have that kind of gain for 5 years. I can see a big gain every once in a while like this year but that seems to be very ambitious.

On the other hand, Bitcoin is very unpredictable and it is volatile so anything can happen. It seems like it would take something like mass adoption of Bitcoin for the value to have that king of increase.

Stedsm

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Speculations made it possible for Bitcoins to be at current levels else who could have thought that it will be doing a 5x in a couple of months?
If we are talking about 20k, then it looks realistic in the next 5 years period but I think 55k is a huge target and needs much more time to be achieved.
Some very established personalities are getting in front to promote crypto world and it may make it possible for Bitcoins to even cross the numbers which are just a dream atm.

Epimetheus

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This is a very promising statement and if this will happen then I am pretty sure that by then I will be a millionaire, so cheers to that.

Quote from: bitcoin31 on September 12, 2017, 10:51:31 AM

I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

Well this can happen, you can see that in about 2011 the bitcoin price was what 0.001$?? and see after 6 years the price is $4.2k so the $50k price is also realistic.

albertvert

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Quote from: bitcoin31 on September 12, 2017, 10:51:31 AM

I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

Ya true. Today price of bitcoin is around 4250$.It may be low value now. So you can inverse your money. If the value move forward means, the amount you will get is more than the invested. I think the price of bitcoin will move towards the 20,000$ at the end of 2020.

bitcoin31

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I dont think bitcoin price will reach that price. Because it takes more years or 1 decade before reachmore than 20,000 dollars price . Whatif the price of 55,000 dollars the percentage to happen that price is very low . But everything is possible to happen but I hope bitcoin price will increase so we can make a lot of profit.its better to buy bitcoin now and hold it for few years and you will be glad for the result.

iv4n

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Quote from: alyssa85 on September 12, 2017, 06:07:32 AM

Quote from: xPPx on September 11, 2017, 08:53:52 PM

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

People are investing into ICOs and other coins, because they perceive there to be better percentage returns on those.

That should tell you something very important - which is that at about $4100, a chunk of investors think bitcoin is too expensive and are seeking other investments.

Other investments with bitcoin, alts are traded for bitcoin and they are used just to make more bitcoins. All investments are getting back to bitcoins in the end, and I don't think that other alts are slowing down bitcoin, its contrary. With so many alts and projects people have more things to do, more transactions are made.
Under the other investments are icos. People are joining and people invest in icos to earn some more bitcoins, can you see that? Its not important ico, its important how much profit someone can make in short time. After the end of ico most of the people are dumping that coins, the ones who entered in pre-sale and they have profit and after that coins are going down.

alyssa85

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Quote from: xPPx on September 11, 2017, 08:53:52 PM

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

People are investing into ICOs and other coins, because they perceive there to be better percentage returns on those.

That should tell you something very important - which is that at about $4100, a chunk of investors think bitcoin is too expensive and are seeking other investments.

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Quote from: xPPx on September 11, 2017, 08:53:52 PM

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

By then they will have proven themselves to be overwhelmingly worthless failures. They're running on empty right now. How do you figure they're going to manage to draw it out for another five years?

glowing10

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Quote from: Isaac 777 on September 11, 2017, 02:28:14 AM

NO one will know what will happen next 5 years but 20,000 is too high i think real value will be 7500$

I think valuing at 7500$ in next 5 years is really ridiculous. I think if all things go good the prices should reach 7500$ by mid of next year. Currently there is a bit of resistance happening due to China mulling a ban which is resulting in a selling of btc. I think we require a little good news form somewhere to starts a rise again in prices.

alyssa85

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In order for it to go that high, we need institutional money to come in (pension funds and the like). And they won't as long as we have shenannigans with shady exchanges and FUD from China.

When the SEC refused permission for the ETF, they cited the difficulty of fairly valuing bitcoin (the ETF price would be based on the BTC price) because of unregulated exchanges, pumps and dumps, insider trading, and generally shady stuff going on.

Untill the bulk of the trading happens on regulated exchanges like GDAX, Gemini and Bitstamp, institutional money won't come in, and the price will stay relatively modest.

cafucafucafu

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Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

It's not impossible to achieve, at all.

In my opinion it would be actually likely that this prediction comes true. I don't think that it is going to happen before the year 2020 though, because halving is at 2020 and that's when people feel like pumping bitcoin and the community feels more optimistic in general.

We have seen exponential growth every single halving event, and there is nothing to suggest that the 2020 halving is going to be any different. I would say though, instead of $20000-55000 that they are suggesting $15k-25k is much more realistic.

tippytoes

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The price is overwhelmingly insane but it might be true. We don't know what the future holds. I want to check this thread again and see what happens after so many years.

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Quote from: IamDerick22 on September 11, 2017, 10:46:17 PM

All we have to do is just wait. Because who knows what will really happen after 5 years. Just be positive.

Based on Harvard community calculation, it's possible because every year , bitcoin show a promosing value every year
So as long as I'm believe on bitcoin, I can hold at least 1 btc for next 4 year since when you're act as investor, profit are greater rather than trader

Seansky

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Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

That prediction is quite insane I think but it is very possible but in order for btc to achieve that price the slow transaction time problem needs to be solved first. Also btc needs to be spread more in order for this to happen, a lot of adoption will be needed to boost bitcoin price and reach the said target price. A lot can happen in the span of 5 years so I will wait for this to be a reality because it is too early to say that the target price is unachievable.

IamDerick22

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All we have to do is just wait. Because who knows what will really happen after 5 years. Just be positive.

jerowacik

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Quote from: LFC_Bitcoin on September 11, 2017, 09:39:40 AM

Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

Hope he's right, I'll be frothing at the mouth if the price goes that high. Those kind of prices are incredible, it'll be obscene if we reach that kind of level, 2022 isn't even that long away Cheesy

bitcoin prices are not easily predictable. anything can happen to bitcoin, so if the price happens then everyone will definitely get to know bitcoin .bitcoin will be a very revolutionary currency. year 2022 is still very long, but 5 years ahead we should wait because everything can come true.

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Quote from: xPPx on September 11, 2017, 08:53:52 PM

I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

True. Those damn ICOs. Taking up a huge number of bitcoin and ether then just dump it on the markets, effectively and significantly lowering the prices of both (if not almost all) cryptocurrencies.

I was fine with ICOs at first, but then people saw the huge opportunity to receive a huge amount of funds and now it's obvious that most of the ICOs are simply just cashgrabs. People even invest in ICOs even though there isn't a working product. The project managers just need a simple Wix/Wordpress website then they're already halfway finished so they can start receiving funding. It's sick. It's slowing down the price rise for sure.

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Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

You don't believe with the speculation by someone without the reliable data to support that speculation regarding the future of the bitcoin. Many parties said that about how many price of bitcoin in the next 10 years or something like that, and that was a bullshit just the time will tell us about that.

xPPx

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I could see $55K if there weren't thousands of coins and ICO's popping up everywhere.

LFC_Bitcoin

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Quote from: IamDerick22 on September 11, 2017, 12:55:51 AM

Widely followed strategist Tom Lee said in a report that his
model shows bitcoin could rise to a range of $20,000 to
$55,000 in the next five years.

The report is a first from a major Wall Street strategist on
the digital currency.

Hope he's right, I'll be frothing at the mouth if the price goes that high. Those kind of prices are incredible, it'll be obscene if we reach that kind of level, 2022 isn't even that long away Cheesy

Topic: Bitcoin will be worth $20,000-55,000 by the year of 2022 (Read 1001 times)