BITCOIN WILL COST $500,000 BY 2030 | Bitcointalksearch.org

swissmate

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Quote from: Question123 on July 11, 2017, 04:47:56 PM

Quote from: LFC_Bitcoin on July 11, 2017, 02:38:16 PM

I think there are way too many variables, simply too many things that could happen to affect the price. 2030 is too far away to predict the price. I'd be happy to see even $100,000.

For me 100k dollars each bitcoin is very impossible to happen because I think the highest price of bitcoin around 10k to 20k dollars and I think it will happen in the next few years. I dont see any reason to reach bitcoin price at 100k dollars because that price is very high even you wait decades you cant see that price . What if your expectation price is 500k for sure you now die but it will not reach but everything is possible to happen.

Anything is possible to happen in future but I don't think that bitcoin will achieve that high price ever in future and even if it achieves the price of $10k many people would be satisfied and will sell their coins at that price which will again bring price to lower levels.

Question123

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Quote from: LFC_Bitcoin on July 11, 2017, 02:38:16 PM

I think there are way too many variables, simply too many things that could happen to affect the price. 2030 is too far away to predict the price. I'd be happy to see even $100,000.

For me 100k dollars each bitcoin is very impossible to happen because I think the highest price of bitcoin around 10k to 20k dollars and I think it will happen in the next few years. I dont see any reason to reach bitcoin price at 100k dollars because that price is very high even you wait decades you cant see that price . What if your expectation price is 500k for sure you now die but it will not reach but everything is possible to happen.

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Quote from: LFC_Bitcoin on July 11, 2017, 02:38:16 PM

I think there are way too many variables, simply too many things that could happen to affect the price. 2030 is too far away to predict the price. I'd be happy to see even $100,000.

You are talking about $100,000 which is again very high expectations from bitcoins and I don't think that people have patience to hold their coins till it reaches that price and if price of bitcoins goes to even $5k in coming days then people will start dumping their coins for sure as even that price is giving them huge profits.

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I think there are way too many variables, simply too many things that could happen to affect the price. 2030 is too far away to predict the price. I'd be happy to see even $100,000.

Logik

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Quote from: Pierre 2 on July 11, 2017, 06:05:15 AM

13 years is such long time to suggest anything.
But if bitcoin keeps living, I wouldn't be surprised to see it becoming like $50.000 in my lifetime. No kidding.
But $500.000 is too much to expect.

Agreed that is too high to expect from bitcoins in coming years and bitcoin will definitely be more popular in coming years and it will be also holding higher price but right now I don't see it going beyond $10k and I am sure if price reaches people will start selling their coins in no time.

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Quote from: RastMan on June 21, 2017, 12:49:17 PM

Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?

Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/

It's possible to reach prices that high because that is 13 years away and a lot of development could happen by then.

It's also good for bitcoin that they are have serious debates like this. Bitcoin needs to be relevant and this is a way for more people to hear about it and learn about it.

Pierre 2

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13 years is such long time to suggest anything.
But if bitcoin keeps living, I wouldn't be surprised to see it becoming like $50.000 in my lifetime. No kidding.
But $500.000 is too much to expect.

RastMan

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Quote from: BillyBobZorton on June 28, 2017, 06:36:37 AM

Quote from: RastMan on June 21, 2017, 01:03:41 PM

Quote from: BillyBobZorton on June 21, 2017, 12:53:48 PM

Quote from: RastMan on June 21, 2017, 12:49:17 PM

Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?

Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/

Bitcoin is designed in a way that it will never stop going up as long as there is demand for it, and in 2030 the total supply becomes almost reached:

As you can see, the curve becomes almost a straight line. The price should be very, very high in 2030 if the demand is meet. Luckily, we are still early on, notice how in 2017 there is still a nice angle. The more straight the line becomes the higher the price (and the harder to accumulate).

Thank you very much for your representative graph;
In 2030 If the demand will be relatively the same the supply will be nil casing which will rarify the bitcoin.
I think it's time to invest in the bitcoin prices will only go up.

Here is another graphic that showcases how disruptive technologies explode in short amounts of time:

This is how the price will act... once people (and by people I include rich Wall Street moguls) realize the unique properties of bitcoin can benefit their wealth, they will buy some and once this happens, it will be a chain reaction and the current ups and downs will look like nothing in the all time graph in 10 years.

Thank you for your graph.
Yes, with a facilities by counties bitcoin will win on autority and bitcoin will have a BOOM.

BillyBobZorton

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Quote from: RastMan on June 21, 2017, 01:03:41 PM

Quote from: BillyBobZorton on June 21, 2017, 12:53:48 PM

Quote from: RastMan on June 21, 2017, 12:49:17 PM

Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?

Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/

Bitcoin is designed in a way that it will never stop going up as long as there is demand for it, and in 2030 the total supply becomes almost reached:

As you can see, the curve becomes almost a straight line. The price should be very, very high in 2030 if the demand is meet. Luckily, we are still early on, notice how in 2017 there is still a nice angle. The more straight the line becomes the higher the price (and the harder to accumulate).

Thank you very much for your representative graph;
In 2030 If the demand will be relatively the same the supply will be nil casing which will rarify the bitcoin.
I think it's time to invest in the bitcoin prices will only go up.

Here is another graphic that showcases how disruptive technologies explode in short amounts of time:

This is how the price will act... once people (and by people I include rich Wall Street moguls) realize the unique properties of bitcoin can benefit their wealth, they will buy some and once this happens, it will be a chain reaction and the current ups and downs will look like nothing in the all time graph in 10 years.

jvdp

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Quote from: Febo on June 27, 2017, 11:43:22 AM

Quote from: RastMan on June 21, 2017, 12:49:17 PM

Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?

Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/

13 years is a lot of time. Almost double as much BTC exist. Price can be any high. You also need to understand that you will be able to buy way less with $500k as you can now. Somewhere from half less to way more less. So when you measure BTC value for so long you should use something else then $. Maybe Gold or Bread. But in general such long predictions are useless. Rather predict price at year 2020 or if you are brave at year 2025.

To my point of view, it's obviously yes.No one can stop the bitcoin growth.It's keep on increasing year to year.If all the country accept the bitcoin means.In 2030,surely the price of bitcoin is greater then 500 k $.In Poland also ,now bitcoin is accepted in Hotels.Likewise All the country accept bitcoin mean,their is no doubt of this to be happen.

Pente

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If you treat Bitcoin growth as a fractal chart that rhymes over time, growth is similar to August of 2012. If so, from this point we may see slow growth for the next 4-5 months, then a big jump of up to 10 fold, followed by less than a year to another big jump.

In total, this could be up to a 100 fold increase by the end of 2018. If so, we could easily $300,000 by then. Even with another big slump for half a decade, it would just need a small increase to hit $500,000.

Now personally that sounds a little high and unbelievable, but then if you had told someone back in late 2012, that Bitcoin would touch $1000 each by the end of 2013, you would have told them that they were insane. So who knows.

It is certainly possible. What if large fiat holders decide to switch large amounts of money from off shore accounts into crypto?

I am hoping to see $100,000 per bitcoin by 2020 and expect over $1M per bitcoin by 2030.

Febo

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Quote from: RastMan on June 21, 2017, 12:49:17 PM

Hello everyone,
Right now in France there is a great debate around the bitcoin. Many people predict huge multiplications of the price of the bitcoin. I found an article in a serious French newspaper that predicted a price of 500k $ of 1BTC in 2030 !
In your opinion, is it imaginable?

Links:
French: https://fr.express.live/2017/04/10/2030-bitcoin-vaudra-demi-million-de-de-dollars/
English: http://bitcoinist.com/bitcoin-will-cost-500000-2030-snapchat-investor-liew/

13 years is a lot of time. Almost double as much BTC exist. Price can be any high. You also need to understand that you will be able to buy way less with $500k as you can now. Somewhere from half less to way more less. So when you measure BTC value for so long you should use something else then $. Maybe Gold or Bread. But in general such long predictions are useless. Rather predict price at year 2020 or if you are brave at year 2025.

Duzter

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In a quote one user stated an assurance of reaching $20k then reaching a six digital value is simply possible. Because little by little now only more and more user base has started to move towards Bitcoin. Also we have got more years for the quoted price per bitcoin.

jubalix

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yes but given the shear amt of money printing 500k will buy u a coffee by then

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Quote from: RastMan on June 25, 2017, 05:17:32 PM

Quote from: dquancey on June 25, 2017, 05:09:17 PM

Can't see it personally. It's going to have to take some serious widespread adoption for something like this to happen.

$10k, no problem, $500k is dreamland.

Who would have said that the bitcoin would arrive at more than $ 2000 at its launch, we all also said "DreamLand".
The bitcoin will be increasingly scarce and the demand will only increase if it settles in and is recognized by countries (something that begins to happen) Except the world war, big stock market crash that will disrupt its market. I think the bitcoin is untouchable.

Of course, the big boys are coming to play but they'll just dump hell out of it when they hit their profit targets. If BTC was to hit $500k, from where we are now that'd be a 250x increase.

In the next 12-13 years, BTC is going to have even more competition from currencies that aren't out yet, don't forget that ZEC and ETH are the big coins at the minute and they're fairly new in comparison.

So although BTC is the #1 coin, I wouldn't be surprised if a BTC 2.0 came along in the form of an alt. Don't forget plenty here are kicking themselves for not buying at $1 and trying to board the next hype train.

I think what I'm trying to get at, is that BTC will continue to thrive in the future, with the emergence of new currencies BTCs marketcap will start to fall even more.

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Quote from: Question123 on June 25, 2017, 09:24:39 PM

I dont think bitcoin will cost 500 k because that amount is very high I think the highest price of bitcoin maybe is 20,000 dollars. But everything is possible to happen we dont know what is the price of bitcoin in the future. But if you have hundreds of bitcoin for sure you will earn 500k dollras in the future if the bitcoin price is very high. 500k dollars very high amouny but in bitcoin world that amount is little only.

When you believe $20k for one Bitcoin is the limit, then you have no clue about economics and scarcity!
If Bitcoin should survive the next decade, and if we keep progressing regarding technological infrastructure (L2, Sidechains etc.), 6 figures in terms of price are definitely possible!

MarconyGL

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This is possible provided that bitcoin will continue its rapid growth and develop around the world. Such a price increase will make all the coin holders very rich.

xypos

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I mean, Snapchat's first investor. That's not just some guy living in his mom's basement(sounds strangely familiar to me), that's probably the investor of the MOST SUCCESSFUL messaging tool of the decade and revolutionised how people use IM.

But still, take it with a grain of salt. Others experts have predicted that bitcoin will drop down to $100, some said it'll be $100k by the end of the year. I mean, predictions are just predictions. $500k does seem a bit hard too achieve.

I would say though that if he changed the figurefrom $500k to $75k, i will root for him all day. By 2030 there would be 3 more halvings that have happened, each halving will bring around a triple in price. $75k is not hard at all.

rhamzter

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I was not expecting much to bitcoin, yes their price was increasing but I think $500,000 was not achieve by bitcoin in 2030. However, maybe $100,000 in 2030 it was possible if the selling of bitcoin in the market was great.

BossMacko

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If that's the case then Bitcoin is really a good investment for your future children or grand children, I better start adding more investment with Bitcoin so that my children's kids will live a luxurious life. I believe in this because i have seen Bitcoins potential over the years. And i was one of the many who became semi rich because of believing to Bitcoin.

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