How high do you think Bitcoin will go on the next bull run? - page 3.

thecodebear

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Quote from: beerlover on October 23, 2018, 10:04:57 AM

I agree that $100k is about the right price for it but not because of the number but because of the marketcap.

Let's assume the number of coins available is at around 19 million. If you calculate 19 million coins with $100k than the total marketcap would reach about 19 trillion dollars. That is about the same as nasdaq and nyse combined which would make sense to be the maximum for bitcoin itself.

It should not be anything remotely higher than that. The proper way to calculate these things are by comparison and if you do not calculate it right you could see it go off a lot higher. For example if you combine nasdaq and nyse that combines to about 26 trillion or so and I highly doubt any crypto currency would ever be close to that hence I think the best way to calculate was that, you can calculate it some other way using something else that way by marketcap size.

No. You're off by one zero there. That'd be 1.9 trillion dollar market cap. So what you're saying is that you think it could go to a million dollars per bitcoin.

beerlover

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I agree that $100k is about the right price for it but not because of the number but because of the marketcap.

Let's assume the number of coins available is at around 19 million. If you calculate 19 million coins with $100k than the total marketcap would reach about 19 trillion dollars. That is about the same as nasdaq and nyse combined which would make sense to be the maximum for bitcoin itself.

It should not be anything remotely higher than that. The proper way to calculate these things are by comparison and if you do not calculate it right you could see it go off a lot higher. For example if you combine nasdaq and nyse that combines to about 26 trillion or so and I highly doubt any crypto currency would ever be close to that hence I think the best way to calculate was that, you can calculate it some other way using something else that way by marketcap size.

NeuroticFish

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Quote from: thecodebear on October 22, 2018, 04:38:20 PM

Next bull run..how high?!

It also depends on how long until it starts, how the people finances will look like ...
We may have another short lived bubble up to 100k like ranges or we may have a slow and healthy growth which may not reach more than 25k.
If a new depression strikes we will be happy to stay at the current levels...

Lucius

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Quote from: thecodebear on October 22, 2018, 04:38:20 PM

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.

But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

There is no doubt that bull run will happen again, but I'm not sure it will happen in the next few months. I think this stable period will last through a good part of next year, unless something big happens. The only thing that could cause 100k$ in next few months is approved ETF from VanEck SolidX Bitcoin Trust, and since it is physically backed with BTC, demand should go up along with the price. But it seems that the chances for that are not too big, SEC is still cautious and a positive decision would be really big surprise.

I'm more inclined to the theory that next bull run will start in 2020 or maybe in 2021, maybe just because of 2020 halving effect. Tim Draper gave his prognosis for 2022 with the price of 250 000$, and I have nothing against it - with only 4 BTC anyone can become a millionaire

davis196

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This is probably thread number 1000 asking the same "next bull run" type of question here. Grin

Come on people.Can't you just relax and wait.Bitcoin isn't going anywhere exept to the moon.The start of the skyrocket price growth is delayed for 1 or 2 years,but eventually bitcoin will hit the moon.

supermine

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Everyone have their own opinion but no one can answer exactly for this question because we knows that cryptos were unpredictable always.I hope it will go three or four times of the current all time high prices so which is about $60000 to $80000 but the time taken for the next bull run will be much longer than the expected and also the bull run will be longer to reach enough prices before the next price dump.

Juggy777

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Quote from: thecodebear on October 22, 2018, 04:38:20 PM

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.

But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

It's too early to even think of a figure that Bitcoins might touch during the next bull run, as the important question now should be when will the bull run happen, what will trigger it, how long will it last, will it just increase the prices and not adoption. If and when there's a bull run and massive adoption takes place then we won't need to wait for bull run, prices will keep on increasing daily, but if I have to pick a range anywhere between $20 to 50k don't see it crossing those levels.

cellard

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The longer we stay below the past ATH the higher it will go, specially if we go sideways for a long time, due the cyclical contraction and expansion in how bitcoin behaves.... it's like a fractal, like some sort of wavelength. The longer the rest the more hardcore the next punch will be, and next time I can see it going $100k+. It's ridiculous how some are pointing to very low prices like $30k or whatnot. I can feel that they are starting to get scared to give higher ATH's, just like how $20k was seen as insanity a year ago. Hell I remember Trace Mayer being told to be insane when he made his $3000 prediction. Then you have analysts like Tone Vays which predicted $7500 as the best possible scenario for ATH. Funny how Richard Heart got it right and he is more on the troll side of things. Perhaps McAfee is right after all.

figmentofmyass

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Quote from: thecodebear on October 22, 2018, 04:38:20 PM

Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

what is that based on? you got a crystal ball?

we've had so few cycles to study in bitcoin that i really hesitate to make assumptions about time.

Quote from: thecodebear on October 22, 2018, 04:38:20 PM

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania

i think we're going higher than that, possible a lot higher. looking at the last cycle, from previous ATH (2013) to new ATH (2017), $300-350k would be a fair estimate. but i also wonder if future bull cycles might get even more exuberant than past ones, due to the perception of diminishing supply and exponentially increasing demand.

harizen

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No such thing for me as setting or thinking of a target price. What matters for me is, the bull run will really happened no matter what.

If how long it will lasts, if what's the highest price will be established etc. I like them to be surprised. Im disregarding all speculations and predictions about the what will be highest price even how good and well detailed the analyzation because of an obvious reason that it may be spoiled. So for me, I will just watch how bitcoin price will behave once the expected and much awaiting "massive bull run" will happened.

But remember that people shouldn't get carried away easily once it happened. A wrong interpretation about the trend may lead to an unexpected scene that people don't want to experienced.

BitHodler

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Purely based on the multipliers from previous all time highs to the new ones, I think it's safe to say that it will easily break $100k, the only thing I'm not sure on is when the next bull run peaks. I'm not seeing it start any time soon.

The most interesting aspect will be the correction that follows afterwards, especially with how we'll be seeing a whole lot more adoption from large legacy entities in the next couple of years.

Usually we're correcting with 75% on average, and it would be quite a bummer if it does again. In that case it will indicate that the market hasn't actually matured at all, which after more than a decade is a poor performance.

thecodebear

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Next bull run..how high?!

The incoming bull run should be starting in the next few months, and my estimate is that it will probably last until late 2020.

My price target for the next bull run has been $100k. I think it'll break through that and go a bit higher, maybe close to $150k, but $100k will signal that it is about to crash after people get out their last bit of buying mania, the way breaking $10k made the whole market go nuts and shoot up to $20k in less than 3 weeks before crashing.

But then I was thinking, if Wall St firms really get in these next two years, and by really get in I just mean if a lot of them and individual investors just put like 2-3% into Bitcoin, then $100k or $150k isn't nearly high enough! Just a few percent from Wall St firms, plus stuff like ETFs for retail investors and pension funds and University endowments and so on, plus the accompanying FOMO for people who don't care about going through Wall St and go straight to crypto exchanges...in a perfect storm of all that Bitcoin could sale clear to like $300k at the next peak.

What do you all think? I've still got my money on the low $100k range, but I wouldn't be totally shocked if it ended up hitting a quarter million by the end of 2020 or so.

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