Topic: Bitcoin will reach $100k within 5 years from now (Read 4662 times)

For that confidence to come back we need one thing and that is for bitcoin to challenge and surpass its previous all time high, nothing else will do, and it is very easy to know this is true by looking at what happened during this year, the price recovered for months and we saw a very positive trend but as soon as it was obvious that we will not be able to surpass the previous all time high the price began to go down as people lost any confidence they had because they were afraid that something like what happened during 2018 will happen again.

Of course. With high demand, comes higher prices. Even if Bitcoin is scarce by design, it depends on people's adoption within the mainstream world to become valuable over time. If there's lack of demand, you cannot expect prices to go up anytime soon. The long-lasting bear market of 2018, has severely affected Bitcoin's value across the crypto market. Something big and exciting needs to happen in order to attract people into Bitcoin. Perhaps, the Lightning Network would increase adoption for Bitcoin in the future, as people notice its true benefits. Instant transactions and low fees are definitely good for the crypto economy. But marketing/promotion is important in order to let people know that Bitcoin is capable of this and much more via the use of the Lightning Network. After that, we could expect prices per coin to rise like never before.

Given that it's almost the end of 2019 without any developments in Bitcoin's price, the goal of $100k per coin might take a little longer than usual. No one knows what Bitcoin's true value will be within the future. The least you could do is buy Bitcoin at these low prices and "hodl" it for a very long time. If a bull market begins, then you'd be lucky to sell your coins for profit. The most important thing about Bitcoin is not its price, but how useful it is within the mainstream world. So far, it's been doing great as a censorship-resistant cryptocurrency that's the most secure Blockchain network today against third-party intervention. With this, one could achieve complete financial freedom as governments and central banks won't have a final say over one's transactions. And that's the true value of Bitcoin. Hopefully, it would go to "Infinity and Beyond" within a couple of years from now ranging from $50k to $100k in no time. Just my opinion

Because that's a major upset happening at that time and many people get confused on why those things happening that's why the chain effect of what happening in year 2018 really scare off the investors until this moment and hopefully we will get out on those bad stain for that days so that the confidence will came back since as we see on next year there's an upcoming block halving that could possibly lift us back and those historical figures will comeback again.

I remember those days as well and there was almost no one that was warning about the possibility of bitcoin being in the middle of a bubble and that the price could crash, everyone was incredibly positive about the market outlook and they believed that the market could only go up, but we know that no matter what kind of asset we are talking about we still have to respect basic market rules and it is impossible for any asset to always go up in value and predictably the price began to crash after there were no more buyers for bitcoin in the market.

Bitcoin price is still more than two times the price as compared to start of this year when it was in the $300 range. So I would say it is quiet a good progress. If this progress continue to go on then $100k can absolutely be achieved, but the thing is that we have to see when the price will be reached.

Currently this price isn't achievable at all and is only a wildest fantasy as per me.

On a negative side when price was $20k nobody would have though that price would be dropped to less than the half of it in future. So no matter what we think and do, unless there are some big buyers who invest millions and billions into bitcoins the price is not expected to jump too much.

Yes, there will always be a continual small growth in bitcoins because of the new users knowing about bitcoins and acquiring more bitcoins and hence growth but a bigger growth can only be seen either big whales buy-in or there are some historical decisions taken like a country would legalize bitcoin or something like that.

Holding your coins is without a doubt very profitable but what you are saying is probably the biggest problems of that strategy, when to sell your coins? And unfortunately that strategy doesn't really tell you when to do that so it is up to each person to decide when it is a good time to finally sell their coins and get out of the market definitely or when to get into the market once again, and even if I believe that holding your coins is a great strategy you should learn a thing or two about technical analysis and then you can take better decisions in those two critical moments.

I don't really believe in your prediction of Bitcoin market value hitting $100,000 in the next five years to come except if there is a high demand for Bitcoin and at the same time there is scarcity of Bitcoin in the circulation only then we should expect price skyrocket to such an amount.

The dilemma for investors if bitcoin once reach 100k would be whether or not they should sell because it can further jump to 1000k or any extraordinary number.

I have a friend of mine who was sort of an early investor and saved big number of bitcoins and when bitcoin was around 17k he got tempted to sell but did not because he thought price will go beyond 25k so that's a cycle and dilemma for investors if they should sell or not and when they should sell. The friend of mine now feel regretted but whenever I get a chance to talk to him, I tell him that everything happens for a reason and soon he might be selling his coins for over 50k each.

Agree. First things first. Bitcoin still hasn't reached its latest ATH of $20k per coin, so we might need to wait a little longer than usual to be able to see new ATHs in price across the market. Prices are hovering between the $7.5k - $8k over the last months, which could be a result of market manipulation. Whales may be buying low and selling high even at current prices. As soon as there's massive demand for Bitcoin within the mainstream world, you could expect to see prices increase exponentially across the market just like it happened back in 2017. The upcoming block reward halving might have a positive effect over Bitcoin's price, but it's not a guarantee that it'll be that way. The pioneer cryptocurrency may become scarcer over time, but with lack of demand, prices won't be going anywhere.

That's why we need massive adoption within the mainstream world, in order to boost Bitcoin's prices like never before. In order to achieve this, a lot of marketing/promotion needs to be done to attract as much users as possible. The most important thing is scalability, and with Bitcoin's Lightning Network, people would be able to truly enjoy the benefits of instant transactions and low fees. Most people don't know about this yet, but when they do, expect Bitcoin to reach prices higher than $20k across the market. If within the next 2 - 3 years, we encourage people to use the Lightning Network, then $100k per Bitcoin could be easily achievable by 2024.

Nonetheless, the goal of $100k per coin is simply a prediction. Anything could happen in the future, as the crypto market is known to be extremely volatile at times. Bitcoin could either rise massively in price, or go down the drain. It's best to rely on stablecoins every once in a while, to minimize losses as much as possible. Only a small portion of your savings would be into Bitcoin, in case it goes all the way towards $100k per coin. Just my thoughts

This is the bitter reality that most people will show you green garden about the crypto but trust me its just Green garden nothing else so better take your own mind and use it than trusting those black sheep. I know the crypto market is so volatile but we can expect a huge pump from bitcoin as much as I know bitcoin as some hidden abilities to reach $100k but it will take a long time.

It seems that is just the way that people are, instead of accepting the way the market moves they are always unhappy about it, months ago the price of bitcoin almost reached 14000 and people instead of being happy that bitcoin has grown so much in such a short time they were sad when the price began to go down, and I was really disappointed by that attitude that most people had because it seems that they always expect that the market will go up and we know that is impossible.

Some speculate the rate of growth continues to increase every year and I think its more realistic to expect less growth every year otherwise we are talking about a curve which extends upwards until its vertical and then it stalls altogether, thats not a positive to me.   I want to see the regular gain and we pull back in price but underlying Bitcoin population is rising every year so we can be optimistic and I consider price secondary to its benefit increasing to a more diverse set of people and across the world.   
   It bitcoin is expanding the price isnt as important and I wont argue over nominal figures as Dollar itself is an unknown uncertain quality in future, we can only assume it will continue to degrade generally but thats not a bullish case for Bitcoin just stating the failure of an exchange ratio.

Again . this is only speculation. everybody can make their's analyze and argument. so if we back to 1 decade ago , when 1 bitcoin is only valued bellow $1, does anybody think that will be almost $20.000 in 2017 ?  . let's see how the bitcoin rising their ATH again.

sorry but i dont agree with you . i always based on the current value of a coin before i do prediction  , i forgot that i also based on its performance .  on the past two year course btc is performing badly and its value didnt even break the 10k limit at most , and with that said , i dont think that itll reach 100k usd not even 50k usd but if ever its performance change , why not  ? when btc slowly reach ath's and reach 100k usd up to 500k usd then i can assume that 1m usd is also possile .

Maybe we could take baby steps and see if it goes on $50k and then we will talk about $100k in the future. To be able to get to six digits, I don't know, maybe we need global adoption or at least 10% of the world population is into bitcoin in the next five years. Difficult to achieve but not impossible, in my opinion.

100,000$ per bitcoin is more realistic than believing that the price of bitcoin will reach 1,000,000$. That's true more expert people say bitcoin will reach 100,000$ up to 1,000,000$ but we all know everyone can have their own prediction on the price. Do you really think that bitcoin will reach 1,000,000$ in the end of 2020? Even there is a good event in this coming year we still not sure about it. 100,000$ per bitcoin on the next five years? So basically in the year 2024 it might happen? Because for me, there are many things that could happen and if ever this thing will come true maybe this time is the chance to buy a lot of bitcoin.

Yeah I'm agree with all of you guys. We are waiting the history come's true again like 2013 and 2017. Supply become less than before afrer halving. And as another ppl hope, real demand for using bitcoin can force the price movement. Then, BOOM. Supply can't handle Demand. So you will know what happen next. 😁😁

actually people will always find a way to blame something.

i mean when the market down , people start to over reacting and think negative all day long and wen the price go up everyone cheering thinking that the price could move even higher very soon and the last one when the buyers & sellers find a balance which means the market stuck at the same level most of the times like a months or weeks , people become impatience looking for some movements.

well that is greedy people , we want $100k or $1million , stick to it and relax hehe.

Agree. Many things can happen within the crypto space in just 5 years from now. We know that the market behaves in strange and bizarre ways. Bitcoin jumped to new ATHs month after month during 2017. The same thing could happen in a few years from now if people become interested in Bitcoin once again. With enough demand, we'll be able to see higher prices than $20k. But without demand, Bitcoin will stale or decline in price over time. Right now, prices have been relatively low bouncing within the $6.9k - $7.2k range. At times, Bitcoin's price is at $8k without reaching at least $10k across the crypto market. With this behavior, I believe that it may take a little longer for Bitcoin to reach new ATHs in price.

The deflationary design of Bitcoin, as well as, upcoming improvements, should have a positive effect on the pioneer cryptocurrency's price over the long term. People will gain the sentiment of "FOMO" once Bitcoin becomes cheaper in fees and faster in transaction confirmation times. The Lightning Network, is essential for increasing Bitcoin's adoption within the mainstream world. But we have to be patient, because panic selling our coins will only make matters worse. As long as we "hodl" our Bitcoin for the foreseeable future, we'll be able to secure massive profits like never before. Since 5 years from now is a long time in the Blockchain/crypto space, anything could happen. Hence, $100k per Bitcoin may be not far from becoming a reality after all. Just my thoughts