Topic: Bitcoin will reach $100k within 5 years from now - page 7. (Read 4662 times)

Would you really hope for that to happen? That 100k?
You have been here for quite some time, from ups and down and all the waves that came in with bitcoin.

Is a high amount in value really the positive for bitcoin or will it just wreck the technology that we are savoring by now?
Yes it could happen but will it be a strong impact that it could preserve that price?
We have been to an all time high of 20k USD per bitcoin but sadly it went down in just a manner of time.
This kind of event could happen again and it wont be funny anymore.

100k for 5 years is not realistic for me. Fiat currencies like dollar which happens to be a generally accepted currency (at least majority accept it) is still in use, I don't see bitcoin rising up to that. The dollar is a very strong competitor to bitcoin, some people who are yet to adopt bitcoin, still prefer to keep their money in dollar.

There’s a chance for this trend in the next five years, and there are so many reason for bitcoin to pump and reach this level. The $100k is easy if the mass adoption begin in the next five years and if the recession also started to begin. If bitcoin succeed on the next halving and future development, we can go beyond that level.

Bitcoin has done well even back when it was worth a few hundred dollars. It was being used as payment tool more often than is the case right now. Even without governments "support", Bitcoin will work well.

People think Bitcoin has to be worth a lot to succeed, but it can work just as easily without being worth a lot. Satoshi even said that there in the future will either be a lot of transaction volume or no volume at all. Very striking.

Bitcoin can have a lot of transaction volume without being worth $50k or $100k. People nowadays however don't care about transaction volume but judge Bitcoin by its price action.

Those hurdles have been plaguing bitcoin for years. Bitcoin has survived every situation. Bitcoin is versatile.

Even without regulations there are allot of real exchanges I don’t know why people become careess about exchanges then say bad About the system but no matter only illiterate people use to say this because those who know bitcoin and are aware of its nature are having strong trust for bitcoin that after some years bitcoin Will surely become more than 100k $.

This is one of the top realistic price I have seen so far.
$100k in the next Five years is simply worth it and its very achievable.
But on the other hand the too much involvement with the higher authority is what we should be skeptical about. ETFs regulations is a good thing but what about the negative impact it might bring.

Sure, that is exactly what we need regulations for, if we can get government to regulate exchanges, we will not find any fake exchanges again in the market because many traders, users and investors will pick their exchanges based on the ones that has been authorized by the government, and these authorized exchanges will be very careful in the way they handle their platform and also the way they list projects so they doing get backlisted.

Regulation will also make government to try to at least investigate into some of these scam that do happen instead of the way they are just folding their harms now, not doing anything about it because they are not in full support of it, but I believe that we will get to that stage actually where we will have a clean market.

This is more truthful than those 2 post above that saying bitcoin reaching $100k in 2020 and in 2021 ,it’s too early to expect such growth when we all knew the governments are still not able to support cryptocurrency (of course not all but majority)
We are all eager for this growth but we are also aware that this is impossible these soon

Lol 😂

Never expect too much so you won’t fail that much,remember that cryptocurrency will only progress if the governments support or allowed the usage in each country’s but until this happens be contented enough that we are not in bearish market now

Bitcoin is anything but reasonable. Nobody has any idea where the top is. A lot of people are extrapolating based on past cycles and predicting diminishing gains, smaller and smaller bull markets. I'm not sure about that myself.

Even if the next cycle were only half the size of 2017, we'd be looking at $150K+. If we matched 2013's magnitude, $700K is on the table. If Bitcoin adoption is actually an S-curve, these numbers could be off by an order of 10.

Why will almost everyone take profits at $30k or $50k? Why not $80k? why not $100k? Why not $120k? You're just making up a number. Anyway the bull market will end whenever the price stops being supported. I very much doubt it will be as low as $30k or $50k, I think around $100k is more likely going by the size of past bull cycles, somewhere around $100k seems like a reasonable next peak, but we'll see. Though only doubling the old peak to 30-50k would be a remarkably small bull market.

I think regulations can definitely help. Not saying hacks won't still happen, but I think regulations would get rid of the questionable exchanges. Also it is still early days. Regulations will need to improve as safer ways to hold bitcoin by exchanges and better safety measures are realized. Regulations can force exchanges to follow best practices as the continue to evolve and get better. It's not a cure all, but I could see it improving Bitcoin's image a lot if its not full of tiny questionable/scammy exchanges that are easily hacked, and if the bigger exchanges that still exist are held to very high standards of security and audited regularly about their security.

so far, I have not predicted that far. I'm just looking for news about bitcoin developments that will occur this year, and next year. there is no sign of information that shows that an increase in the price of bitcoin can reach that price. to reach the price of $ 100k requires enormous support from various parties. of course, the price of $ 10k to the price of $ 100k will not be easy. so far, the information that I have gotten is also a collection of negative information from bitcoin.

Yeah, but I believe that the potential of bitcoin can reach a high price. if it's within 5 years, I think, there will be support, and greater potential, which could make the price of bitcoin approaching the price of $ 100k.

regulation won't make 3rd party custody safe. japan is a case in point. these "licensed" exchanges were hacked for $32 million and $60 million worth of crypto, respectively:
https://www.coindesk.com/japanese-exchange-bitpoint-hacked-by-32-million-worth-in-cryptocurrencies
https://bravenewcoin.com/insights/shock-hack-of-licensed-japanese-exchange-zaif

tighter regulation and licensing schemes might reduce exit scamming, but i have my doubts exchanges will be much safer overall. people just need to learn to be their own bank---that's the bottom line. hackers are always one step ahead of the exchanges, and regulators are years behind everyone.

That's certainly true, mate. After all, crypto's movement is price behaves much a like a rollercoaster. There will always be ups and downs. But, I believe that a new bottom in price will be established within a couple of years from now. The scarcity of the Bitcoin supply, as well as, increased mainstream adoption (because of the Lightning Network and other features), will allow Bitcoin to reach new ATHs in price. It's evident that many people who bought Bitcoin during the bear market of 2018, will sell most of their coins within the next upsurge in price across the market. This would trigger a decline in price across Bitcoin and other leading cryptocurrencies, at least in the short term.

The bright side is, that Bitcoin will retain its value no matter what. As each halving event takes place every 4 years, Bitcoin will rise in demand like never before. I believe that even after all Bitcoin have been mined, miners will continue to support the Blockchain (as they'll earn from network fees instead). By that time, Bitcoin's prices are expected to be a lot higher than what they are right now. Something like $1m per coin within 2100 (the year where Bitcoin mining is expected to end) seems like a most likely target.

Nonetheless, with the fast-growing pace of Bitcoin, the goal of $100k per coin might reach sooner than we've thought. So many exciting things are yet to come (Lightning Network, atomic swaps, etc) which I believe will increase mainstream adoption by 100%. In the meantime, we should buy and hodl Bitcoin as much as we can while prices are still below 2017's ATH of $20k per coin. You'll then see your investment multiplied within a few years from now, without much effort from your part. Just my opinion

Take now and 5 years ago (no ath or dip to top). This is a 1600% increase. So in 5 years 160k would be possible.

If you take the ath of 19k an 5 years back then you het something like 15000% which would make 2.85M in 2022 possible.

So 100k is not a far stretch at all... even though it feels ridiculous...

I would even say that it will certainly happen in 5 years.

I have no doubt that one day 1 BTC will be worth $100k, but I also agree that such high price can not be held for more than a few days, same as $20k back in 2017. We should also consider that on the way up to $100k a big sell pressure should be expected, some people will be happy with a much lower price and I think that almost everyone will take profits on $30k or $50k.

From today's perspective it is not easy to imagine that 1 BTC can go up to $100k, but this is only ten times the current price. But I also think that something big will need to happen to start next big bull run, and next halving is not end of Bitcoin mining or anything like that.

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In what way they are trying to achieve that? Does the gold industry really consider Bitcoin a major threat? I doubt gold can be in some way endangered by Bitcoin, at least not in the near future.

True. I have never had a doubt about Bitcoin reaching insane price levels, the problem has always been to maintain them, which Bitcoin historically had a lot of problems with.

If things go well, and I mean really well, the next main resistance (after making a new all time high of course) is the $1 trillion market cap, which would bring Bitcoin to ~$55,000. If we can have the bottom to be the $19,500 level which currently is the all time high, that would be an exceptional move. If we can't even do that things will turn ugly real fast.

I can see the Gold industry try to prevent it from surpassing the $1 trillion market cap for a while as that would put Gold under pressure. Interesting time that will be.

This would actually be a great bet to place on a prediction market like Augur, that way people can put their monies whence their mouths lie

It is not impossible. We are talking about 5 years now, if I told you the price would be over 20 thousand dollars you would believe it, however 100 thousand dollars is such a monumental price that people are afraid it won't happen or it would take longer, some people even believe it will never be 100 thousand dollars no matter in how many years.

I am not one of those people and I think 100 thousand dollars in 5 years is a possible price, I am 100% sure it will be beyond 50 thousand dollars and closer to 65 thousand dollars in 5 years but 100 is not out of question neither. It all depends on how well the corporations and big investment banks adopt to new crypto wave by the investors requests, if they cave in and start providing BTC packages as well than its definitely reachable.