Topic: Explain WHY bitcoin will be worth 1-3000 USD - page 2. (Read 3228 times)
3 years ago, the Bank of America Merril Lynch produced a report to state that the bitcoin price is worth about $1200.
If the bitcoin replace the US dollar as the main reserve currency in the world, it will be worth $1m each.
Hi,
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
price after 2016 will be 900$ and not more, and you ask to explain, well it will be worth 900$ because of halving and what will happen before/after it, price rises now before halving because people buys lots of bitcoins, and halving will rise price even more
You're just substituting the question "why $1000?" for the new question "why $900?"
Why $900?
We know the block reward reduction will occur, we even know (roughly) when it will occur. But how does this tell us that $900 (and not more) will be the post-halfing price? If people buy lots of BTC - why $900? Why not $1000-$3000? Or why not $650?
That is just a speculation. For any figure will do. I think the end of the year price will be around $1000.
Will do for what? The OP asked "Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD?" They did not ask for respondents to pull new numbers out of their backsides. Being in the speculation section doesn't mean "ignore the OP and answer whatever you fancy".
Agree with you...
price after 2016 will be 900$ and not more, and you ask to explain, well it will be worth 900$ because of halving and what will happen before/after it, price rises now before halving because people buys lots of bitcoins, and halving will rise price even more
Or it could stay in the $500-600 mark.
Theres no way to tell that prices can hold very long unless its the new median price after its been that way for 6 months.
Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.
Too optimistic? Time will tell.
Too optimistic? Time will tell.
Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+.
Your calculation and the realistic growth will not be the same. Bitcoin gets a long history when it touches the year 2145, but that long history and increased adoption won't pave path for a increase as you have suggested as $10000+.
By that time realistically I`d be buried in the ground.
Shit, I probably wont even see the $1k value mark and I`ll be lucky to see it since anything can happen to me before it.
Hi,
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
price after 2016 will be 900$ and not more, and you ask to explain, well it will be worth 900$ because of halving and what will happen before/after it, price rises now before halving because people buys lots of bitcoins, and halving will rise price even more
You're just substituting the question "why $1000?" for the new question "why $900?"
Why $900?
We know the block reward reduction will occur, we even know (roughly) when it will occur. But how does this tell us that $900 (and not more) will be the post-halfing price? If people buy lots of BTC - why $900? Why not $1000-$3000? Or why not $650?
Hi,
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
price after 2016 will be 900$ and not more, and you ask to explain, well it will be worth 900$ because of halving and what will happen before/after it, price rises now before halving because people buys lots of bitcoins, and halving will rise price even more
Hi,
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
Can all of you bitcoin and market gurus please explain for a dumb kid like me WHY bitcoin will and can be worth 1000-3000 USD (some say $10000 to $1MIL which I find weird?!).
One reason I think I've understood is that once all the bitcoins are mined and bitcoins goes global... we can kinda set the price. Is this correct?
Please list every reason and explain it like it's for a 10 yr old. I often see "BITCOIN WILL REACH THE PRICE XXXX USD" but never a reason why.
My heart says I should hold on to all of my bitcoins but my paranoid brain says "No. Plenty of crashes before that."
Thanks in advance.
because owning bitcoins gives you rights of ownership of the relative data stored on the Blockchain, which is the world's biggest, more widespread and popular p2p decentralized network, hence bitcoins have an intrinsic value.
because bitcoins have the pros without cons of gold, which makes them and ideal store of value.
because bitcoins have the pros without the cons of cash, which which makes them the ultimate payment method for in person trades.
because bitcoins have the pros without the cons of electronic payment systems, and are much more secure and fast than those, which makes them the ultimate payment method for online trades.
because bitcoins are non inflationary, which means that if demand and adoption grow, their value is bound to rise.
and many more reasons, these are the most notheworthy.
you would just need one of these reasons to justify such prices, but you have all of them.
I think you are right, but its also the fact that we are making the price of the bitcoin with the whole bitcoin itself so I think we can also say the price is made by our self right ?
Its also the fact that the halving is coming and that will let the price go to a high amount or maybe to a lower amount, you of course never know what is gonna happen.
Indeed, you are right the price will go to a high amount soon or later, this is of course because of the different factors the bitcoin depends on.
One of them is the halving that will let the price jump another one is that the people are believing again in the bitcoin.
The price will go to a high amount that is true, but the halving can also be a bad thing for the bitcoin and can get it collapsed.
In my opinion this could happen, most likely not but the bitcoin is not to predict, the only thing that can give the bitcoin a very good boost is the halving.
I think after halving bitcoin will get stability in price at certain high point as it will be finished mining for generating bitcoins only used for transactions verification only.
At that point Bitcoin only used for trade or exchange on P2p market as well as B2b market. So more chances on bitcoin price are high.
Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.
Too optimistic? Time will tell.
Too optimistic? Time will tell.
Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+.
Your calculation and the realistic growth will not be the same. Bitcoin gets a long history when it touches the year 2145, but that long history and increased adoption won't pave path for a increase as you have suggested as $10000+.
Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.
Too optimistic? Time will tell.
Too optimistic? Time will tell.
Very true. In world till 2145 bitcoin mining will work and till that time 21 billion bitcoins will be generated. After finishing all blocks there will be just interaction and exchange of bitcoins. So in that case value of bitcoin and some other cryptocurrency will be higher. That amount cannot predict now. But as per my opinion it will goes up to $10000+.
Some optimistic calculation tells that someday much more people will want to own BTC. Since the quantity of all bitcoin "in the world" ever is not great, the price should rise.
Too optimistic? Time will tell.
Too optimistic? Time will tell.
Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
we all assume that the block halving will bring us a significant price increase this year, but what if there wasn't a block halving upcoming? would you still think this year the price will rise significantly? in nearly every prediction i see people focus too much on the block halving which might make a lot people disappointed if things don't go as they were thinking.
If that would not happen it would be a whole disaster for the most under us if I'm very honest about it.
It will make the people not believe in the bitcoin anymore, although the bitcoins is growing everyday.
I think if bitcoin ever gets that high, it's going to be years from now. We're at a pretty good price right now but sentiment is all over the place and we'd have to get reaaaallly bullish to shoot up to $1000. Not that it couldn't happen but it seems like a lot of crypto investors are looking into ETH and others.
I was thinking of the same as well and I`m sure most to do as well..
$1,000 seems to be the new magic # for most to be convinced.. but I guess its similar back then when bitcoin broke its 1st $100 mark.
1000 or 3000. I don't see both of them happening for the next coming year. Even if just 1% of china's capital goes into bitcoin they will still cash it out which would be balanced.
So my bet is around 600 USD, or 700 at the most.
Well its $1,000 the magic # for break through.
We cant have 3,000 to happen if 1,000 hasnt been done yet lol. 700 can be easily reached one people see the momentum on price when $500-600 is reached. People eventually invest after seeing #`s.
Please list every reason and explain it like it's for a 10 yr old.
Because there's a sucker born every minute, OP.
Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
we all assume that the block halving will bring us a significant price increase this year, but what if there wasn't a block halving upcoming? would you still think this year the price will rise significantly? in nearly every prediction i see people focus too much on the block halving which might make a lot people disappointed if things don't go as they were thinking.
Well this is easy if you ask me because the fact is that the halving is coming this year so that is a plus point.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
Also another point is that the bitcoin is gonna go to a higher amount for sure.
I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.
Everyone is really positive about bitcoin going up,they didnt even move a bunch when they price was going down a few ago.
We are at peace that bitcoin will rise up.
You gotta love the positivity of the bitcoin community as it helps bring stability into the price of the coin. Some dumps won't matter much as long as the community is behind the coin and ready to eat those dumps.
I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.
Everyone is really positive about bitcoin going up,they didnt even move a bunch when they price was going down a few ago.
We are at peace that bitcoin will rise up.
I think that many users and Bitcoin's lovers predict nowadays that the price will rise for sure in the few next coming months and especially after the coming halving happening soon.
I think that's possible because simply Bitcoin is already growing up daily and also we expect that after the next halving its price will rise highly
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