Topic: Bitcoin will reach $100k within 5 years from now - page 6. (Read 4662 times)

I generally do not believe in $ 100,000 for Bitcoin, especially after 5 years, when in 2 years we fell in price by 2 times. I think that Bitcoin will be in the coming years 20,000-30000 dollars.

considering the present state of bitcoin, i find it very difficult to assume as long as five years time, mind you $100k is not a small deal and if it be, hope it won't affect the world economy as unto inflation, seeing every bitcoin user as embodiment of wealth. Five years from now is still quite sometime to watch.even though with your speculation you are giving further date.

Let's hope that Bitcoin reaches a new ATH in price within a couple of years from now. From what I see, Bitcoin's been doing great over the past days, despite being stuck within the $10,000 - $10,500 range. At times, Bitcoin goes below $10,000 but it has managed to bounce back in price. All the world is waiting for Bitcoin to get past its latest ATH of over $20,000 per coin. I believe that what has kept back Bitcoin from rising in price is the delay of futures/ETFs approval by the SEC. We need institutional investors in the scene, otherwise there won't be much demand for the cryptocurrency. Not to mention, scalability is a huge concern for the longevity of the Bitcoin Blockchain.

With the Lightning Network on the works, it's hoped that it would trigger a boost in Bitcoin's price within the not-so-distant future. Once people realize that it's widely possible to send transactions at near-instant speeds and low costs, they'll use Bitcoin's Lightning Network on top of other cryptocurrencies within the mainstream world. But for this to work, not only it's necessary to properly market/promote the Lightning Network, but also it's necessary to provide a stable network for the whole world to use. Right now, the LN is relatively unstable which may take some time before developers release a solid version of the same. In the meantime, people will continue to use other cryptocurrencies which are far scalable than Bitcoin such as Bitcoin Cash and Ethereum.

Nonetheless, with a slow and steady pace of Bitcoin's ever-rising market dominance, it could very well reach a target of over $100k within 5 years from now. Everything will depend on how long will developers take on delivering a complete version of the Lightning Network that's stable enough for mainstream use. Once that's done, then there's nothing stopping Bitcoin from going full-steam ahead towards new ATHs in price. Just my opinion

That looks super long term though. Like 5 years is infinite amount of time in bitcoin world, we have been alive for 10 years right now and we already broke 20k at one point, so it is totally viable that we can break 100k in another 5 years but that is like half of the time bitcoin has been in existence as well so its super long term.

Maybe we should focus more on 6 months to a year in long term, when I talk long term its almost always maxed at 1 year from now. That way we can make more realistic approach that we can foresee and that is the important part for me, to be able to see ahead, I can't see 5 years ahead but I know what we are expecting in the next year like halving and a cost of mining because of it which would result with people selling for more expensive and that causes  the price to go up.

You're right, this is a very complex and long-term forecasting. For Bitcoin to be $ 100,000, there is still a lot to do. I do not see much progress so far this year.

We're seeing that happen with Gold as we speak. Gold has hit new all time highs in various fiat currencies, yet the increase is somewhat meaningless because it's just the fact that the loss in purchasing power has gone down a lot. Put the Gold charts in USD against the Gold charts in AUD and you'll see it right away.

The same has happened to Bitcoin's price and volume in VES. They keep increasing because that currency keeps losing purchasing power, but when you put the price and the volumes against the USD, you'll see that there hasn't been any growth at all. People here keep rehashing how well Venezuela is doing without taking into consideration how much that currency lost in purchasing power.

You are right we can buy some at 50k dollar in few years and for few years we holding we will be able to sell it again for 100 k$ we will only have to wait and i am sure this power of hope all give us great success I can see that my earning is more than blessing this year. I like to hold it is beneficial way to obtain profit from.

We can't just take a look at bitcoin to decide this, bitcoin may look like there is a huge upside potential but that doesn't mean the world economy has that. When everything goes badly in a world crisis than bitcoin goes bad as well, you may think that something like 2008 crisis where dollar loses value would make bitcoin go up, but are we really sure we want that?

If the price of every good in the world increases 50% because of a world financial doom, than increasing price of bitcoin wouldn't be your profit, it would be a necessity to keep your moneys worth around the same. Hence in  years if bitcoin reaches 100k, pray that it is because bitcoin is good not because world powers collapsed because of some idiotic politician fight they are having right now.

When we make a price projection, let's always use the long period price history so we can make a long term projection realistically.
That $100K in 5 years seems so realistic from the current price now of almost $10K.

Based on the market trend of BTC, it was capable of increase x10 in less than a year, therefore that average of 100% increase per year is very conservative, therefore I will agree with the prediction, we might be able to sell earlier than the projected year because it's possible a bull run will come in less than 5 years from now.

Would I say that they are really misguided, I think they know the truth about cryptocurrency too, but they just want to hold on to the part that favors them more, you see In the world, we are lovers of money and when we see a system that can generate money, we cling more on that system and forget other additional benefit.

The store of value that we used it for is supposed to be the additional benefit of using bitcoin and not the main benefit, but hardly do we see majority of us using it for its real case, and until we really get to that point where we will accept bitcoin for its payment system before we can really get the concept of crypto right and that is when we can enjoy the financial transaction freedom that accompanies the use of it.

I think 100k for each BTC is very plausible in the near future. According to the regression analysis price prediction, in 3 years BTC will top at the near 100k USD.
There are also some price prediction methods that shows BTC price can go even higher in 3 years.

cryptocurrencies are predicted to be mass adoption in the future, we all know that the concept of cryptocurrencies and the blockchain technology that is transparent, fast and secure is what is needed by the world today..  so, mass adoption will definitely happen.

absolutely, we need not doubt that in fact, many questionable things will happen.  if the question is "whether the price of Bitcoin will be $ 100k in the next 5 years", then we must be sure that that will happen...  I personally believe this

If we can continue institutional money coming into the crypto ecosystem then we can actually become really good. What is the number one obstacle between right now and global adoption that makes everyone constantly use bitcoin?

It is many things but the real reason is ease of use for credit cards versus bitcoin, you can literally only touch your credit card to the POS machine and you just paid, so bitcoin payments need to become that easy as well, if we can get that plus we do some marketing about it as well we can get super mainstream too. That requires money and I mean real amount of money, not just angel investor money, I mean google money. For that to happen we need big tech companies to start investing into crypto companies to turn this into a reality.

I think we can see how successful bitcoin became from the investments of old money into the new money, we can see that big huge corporations buying smaller crypto related ones.

I am half expecting coinbase to be bought by a bigger company as well, poloniex and circle was bought in 2018 as well and there was hundreds of millions of dollars invested into these companies too which than returned as bitcoin going up in price because the infrastructure became better as well.

So, the more money that goes into bitcoin indirectly means the more price will eventually increase because these people know how to invest unlike all those many people spending millions of dollars to get some new token on some ICO. They actually buy out some portion of crypto companies even sometimes all of it.

Price wouldn't change the technology at all, it would in fact improve it a lot as well. Look at the 20k time, we have seen that before and the transaction costs went up a lot so we moved to segwit and right now segwit is not supported by all people but only some however even with that number we have broken the highest transaction day ever and never felt the increase.

It means because of 20k times we are at 10k right now but much much better in transaction fee's. That is just one way it improved and we can clearly say that if we reach 100k we can become even better in the future, lightning network could get adopted much faster and we may find better ways as well. That is why I think price wouldn't affect the technology badly, it would actually improve it.

Exactly. Prices tell nothing about a cryptocurrency's success within the mainstream world. What really tells if a cryptocurrency is prominent or not, is the number of developments achieved and its transaction activity. The fact that most people associate pricing to the success or failure of a cryptocurrency shows us that the general public is largely misguided about the world of crypto. Despite these facts, a higher price for each Bitcoin unit will prove to be very beneficial for its investors. Bitcoin is one of the most unique (if not the most unique) assets in the world, where it can be used both as a store of value and a borderless payment system for daily transactions. 1 Bitcoin will worth the same in crypto land, no matter what its price will be in terms of USD.

Still though, the opportunities of profiting with Bitcoin rise even more as prices reach new ATHs on the market. It's the dream of many crypto enthusiasts to see Bitcoin become the world's most valuable asset, as it brings a lot of attention from the outside world. With higher prices, we obtain greater demand (and higher usage of course) being extremely beneficial for the cryptocurrency's longevity within the mainstream world.

While Bitcoin and other cryptocurrencies are largely unpredictable, we can have an idea of how much a coin will be worth because of its limited supply and popularity. Bitcoin being a volatile cryptocurrency over time, is one of the most limited cryptocurrencies in supply with the most popularity in the mainstream world. Because of this, it's likely that Bitcoin will reach new ATHs within a couple of years from now. The target of $100k per coin seems fairly realistic considering that the Lightning Network, atomic swaps, and several other features are underway. Once the bull market of 2017 repeats itself, then you could expect for prices to gain traction within the shortest time possible.

Nonetheless, I believe that the time is right to buy and hodl as much Bitcoin as you can before prices start rising like skyrocket. This could take 5 years or even longer, depending on people's adoption within the mainstream world. Whatever the price will be, Bitcoin is here to stay for many generations. Just my thoughts

In hindsight it's always easy talking. I quite often see people say that they wish they knew of Bitcoin back in 2010/2011 so that they could go all in and be filthy rich now, but that's not how things work.

Most people back then just put a little bit of their money in Bitcoin to see where it goes-- money they didn't mind losing, which was a very realistic outcome with how Bitcoin was just a geeky experiment without any fundamentals.

I'm sure that even if people knew of Bitcoin back then and bought around $1 per coin, they very likely would have sold everything on the way up to $5-$10. Not many can resist the temptation of cashing out such profits.

Honesty it would be silly for us to think it can never be possible, it is possible but all depends on how fast the growth of bitcoin adoption can be within that space, I understand that there were many doubts surrounding its growth too in tat 2009, but people were still investing heavily, and gradually as they were investing, the value was increasing till it grew to this stage.
 
If you look at 2009 till now, nothing much as change economically, the same amount we do buy things then is what we still buy now, some people are still earning same salary as of that 10 years ago, so it would be lot easier to accumulate bitcoin then to make it achieve this value than what it will cost now to achieve bitcoin. Bitcoin is not that cheap to accumulate large quantity that will make the value to quickly grow that high within 5 years except maybe we are having influx of large financial institutions in the market.

Exactly what I was thinking,,, everybody was saying even in 2009 $10 was a silly dream, not to even talk about $1000. But it happened! It took many years but it happened.

So when we think about 100k is impossible, is it really when ATH was 20k? Is it impossible to grow x5? For sure not,,, but when it will happen? This is what everybody is guessing about!

When you ask this question on 2009, will bitcoin reach more than $ 1000 / coin ?
The fact was happening !

So about 5 years for now ?
If you keep believe on crypto, it will happening !