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

This year getting to $20k to me looks impossible not because bitcoin can't increase to that though but because nothing to cause the move. 100k is possible in my view, within 5 years we can have something to move it.

It's going to get harder to reach new highs the larger this market becomes, so it wouldn't surprise me if we at one point have a period of 5-10 years between bottoms and highs, similar to how boom and bust cycles work in legacy markets.

I don't think that we're at that stage yet, but after breaking $20k and making higher highs, the process of bottoming out afterwards will be painful and slow, where a new all time high (if ever) will also take a very long time.

That was the whole crypto market cap. Bitcoin itself peaked around $320 billion IIRC. Most of the tokens that helped inflate the total crypto market cap have lost a lot of their value and will most likely never reach their high again.

5 years is a very optimistic approach for 100k , if it was 10 years I would agree but 5 years is just too soon. Could it happen? Surely it could, this is bitcoin and we have seen so many great things with it but aside from it I doubt it will happen that quickly.

Probability and possibility are different things, probability wise it could probably not happen however possibility wise it could possibly happen. So what we are asking here? Are we asking if it will probably happen or are we asking is there a possibility of it happening? Looking at the topic name it says "will" happen which is probability and I doubt that, don't get me wrong I am a bull guy as well but that doesn't mean I would expect that much from bitcoin right away, I would just expect a bit lower, 50k for example.

But knowing how the market operates, it very hard to see not seeing minor/major setbacks along the way. Just in the last 48 hours we have seen price correction bounce back model.

First block halving bottom is around $2.xx and second block halving around $6xx.xx then we peak at $19xxx.xx in 2017. And this year prior to halving is $3,xxx.xx so the possibility of another all time high is very good, it's just the questions of how many days are we going to reach in after the last bottom of December 2018. We almost made $1 trillion during the growth in 2017, but it will be interesting to get to it once a full blown bull run happens in the future.

Exactly. We need more time for regulation, as governments are still trying to figure out how to properly legitimize the crypto industry. Because of crypto's uncertainty, institutional investors have become afraid of joining the space. A proper regulatory framework for crypto and Blockchain technology, would allow these investors to feel confident that their investment is protected by the government (like it's the case with stocks). While regulation is in the works, Bitcoin and other major cryptocurrencies are already adopting new technologies to scale for the world. It's a matter of time before the Lightning Network, the Plasma Framework, and Casper PoS + Sharding become robust enough to greatly improve decentralized cryptocurrencies like Bitcoin and Ethereum.

But all of this will take some time before it becomes a reality, as things do not come over night. A lot of effort needs to be taken for crypto to reach new heights in mainstream adoption. As such, I believe that 5 years is a reasonable time-frame for Bitcoin to increase towards astronomical levels in price. During this period, developers will be working hard to improve the LN in order to launch a stable version of it for the world. Additionally, privacy features like Confidential Transactions and Dandellion Protocol will be implemented across the Bitcoin Blockchain soon. And last but not least, LN's atomic swaps feature will disrupt the way we trade our crypto, resulting in greater demand for Bitcoin over time.

Nonetheless, as Bitcoin improves over time, it'll become much more attractive for people within the mainstream world. As a result, prices will increase like never before leading us towards the goal of $100k in no time. Until then, the target of $25,000 per coin seems to be much more closer than we've thought. Perhaps, by next year, we'll be able to experience a slight increase in Bitcoin's price across the crypto market. Just my opinion

If we do not get any major stepbacks then it is totally doable, I mean it is bitcoin after all and we all know it will go up and continue to go up as long as nothing bad happens. Its something that has gone up for the past 10 years consistently without much of a big fall on the bottom line.

Even in 2017 when the peak was 20k, the bottom was 700 bucks which means every single year had a better bottom line than previous year. So, 100k in 5 years is quite a brave estimate but totally possible, it has been coming for a long time, I would like to see the 1 trillion dollar market cap first, that will be a huge major milestone for all of us, nobody really cared when we broke 100 billion dollars but that was a huge deal as well, lets hope for that 1 trillion dollar marketcap and then make sure the whole world knows about it afterwards.

Very optimistic prediction and pretty much exact too. I.wonder how you manage that, probably with cristal ball.
It's impossibe to predict Bitcoin price development even in very short period of time and 5 years period in term of Bitcoin is very, very long time.
And I don't see how Bitcoin price and dollar inflation are connected.

I wouldn't be surprised if Bitcoin touches $100K.  But We can't tell when it will reach $100K. This can be happened in next year or after 5 years. We have to wait and see how bitcoin reaches another milestone. For now, I am expecting Bitcoin to hit $20K as soon as possible. Bitcoin is stable at the moment but I cant wait for another bull run and hit at least 20K within this year.

Bitcoin is miles away from 100K. 5 years is a long time and its not impossible. I will be also waiting like others.

The real problem is how to get a huge mass of people to adopt Bitcoin so that the years needed to see $100k will take a short time instead of waiting for 5 years. But we don't have to remove the possibility that it might take 2 to 3 years in order to see the $100k since Bitcoin price is always unpredictable.

I believe that will only happen if bitcoin has been mind to the last unit and the demand/ adoption will continue to increase on a large scale world wild, but if adoption of Bitcoin and crypto currency at large remain the way it is then your expectation of Bitcoin value reaching $100,000 in the next  five years will not be attainable in my opinion.

If that ever happens the price will be far past 100k I imagine but thats not a given.   Long way to go yet, every rise in price will likely see a wave of selling also so its hard to predict that reaction along but the underlying figures of population of BTC users is probably alot more reliable to try and anticipate.
   I dont expect mass adoption of Bitcoin by the general population within 5 years unless they have no alternative and I think there is plenty alternatives still.   I base that opinion off working in tech support and finding the vast majority of computer users have no interest or inclination towards the product just a requirement for the machine to help them; so I think BTC must be more seamless in its implementation.

$100k could be hit next year. $50k will get hit  

So tell me what you think would be responsible for the mass adoption of bitcoin within the short period of time that you have speculated? The level of adoption is still very low, and government is yet to regulate the cryptocurrency space. ICo that would have encouraged investors are discouraging them and scaring them away from the cryptocurrency space generally, the last ATH that people invested in is still yet to be hit and the moment bitcoin climbs to $20k, the bears will surely come in because some of them had their investment locked up in that figure you see there.

So that 2 years to me is not a reasonable one, I think the 5 years of op is more reasonable because by then, the cryptocurrency space would have grown large and many governments would have probably regulated it.

5 years ? With huge mass adaption of bitcoin i think after  2 to 3 years price could be more than $100k and also insert the upcoming halving it will help bitcoin price to increase

That’s natural as we look at history so price has been changing and this process will never end. At start it was only 100$ and now it has ability to reach 100k$ it will be more than this. When we will trust bitcoin and a will support it I am sure bitcoin will gain huge increase but for such certain result we will have to wait

Good point. There is still adoption needed for the Lightning Network to succeed in the long term. Even with an unstable release of the same, people haven't used it as much as the main chain. We already have several LN wallets (like ZAP and ACINQ), as well as, LN nodes. People can make use of the Lightning Network in its current state in order to send transactions at the least time and lowest costs possible. But I'm afraid that there hasn't been enough marketing/promotion to encourage people to use the Lightning Network every step of the way. Still though, as mainstream businesses and startups adopt the Lightning Network, people will make use of Bitcoin's Layer-2 scaling solution without even noticing it.

Once people realize the true benefits of the LN, they'll prefer it on top of other altcoins on the market. However, we cannot hide the fact that the LN is not an all-in-one solution for scalability. I believe that improvements like Schnorr Signatures, and even a small block size increase will allow Bitcoin to become highly scalable for the world. Only then, demand will rise leading Bitcoin towards new ATHs in price. As of today, Bitcoin has remained within the $10,000 range across the crypto market. We're still far away from experiencing a price of over $150k per coin. But with due time, I believe that Bitcoin will become much more valuable than what it is right now.

Nonetheless, if the crypto industry continues to grow at an unprecedented rate, then the target of $150,000 per Bitcoin within 5 years from now seems to be viable. It's all a matter of time before institutional investors, and ETFs make crypto a better place. Just my opinion

Not enough people care about it to have it weigh in. Also, most people think of LN as something still in development and that it needs many more years to finally launch so that we can use it.

It will take off once exchanges start to expose their users to it by accepting LN deposits and withdrawals. Given how low the liquidity is, and how small the amounts are that you can move back and forth, this is going to take years.

By the time LN is no longer the beta version that it is today, we might already be using another second layer that is much more effective and way less convoluted to get into as average joe.

Better could not have described it, I also think, it can also be added that due to some economic problems in countries of South America, they have given freedom for the use of Bitcoin, which is an additional demand and that contributes to the price increase .And with the amount of news that has been generated lately in many countries, that those people who did not know this world, will begin to be interested and begin to integrate into the market, the number of negotiations and volume can increase in the same way.

I don't think the further development of Lightning will matter much with how the price hasn't ever pumped or dumped because of Bitcoin's fundamentals.

Even with a 'complete' version of Lightning you still need people to use it, and then even when people use it there might not be much of a reaction to the price. It's going to take multitudes of years for the speculative nature of Bitcoin to damp down and let fundamentals and utility actually play a role of importance.

I am actually more looking forward to the implementation of Schnorr because that directly offers an on-chain benefit to everyone using it. Merchants can easily consolidate their inputs at a fraction of the cost instead of paying up for every single input right now. This is a very big deal and it also contributes to more privacy.

According to history of btc volatility TA i think it should happen sooner. And i think 100k is pretty conservative number. I am expecting a waaay higher number.