Topic: How much do you think 1 Bitcoin will be worth in 2020? - page 8. (Read 58237 times)

I don't think so. Maybe Bitcoin will be 1k.
I think that because you never know what can happen.

Maybe there will be another coin that's more valuable. The future is always unexpectedly.

It remained at least 50-100x worth more than 1 Bitcoin for quite some time. Right now nothing is left from that coin.

ethereum is a token, it's not meant to be a currency. So I doubt its value will ever be all that high.

Let's go for 5k$ as it sounds pretty realistic (outside bubbles).
Biggest threats will come from Ethereum or better cryptocurrencies that will scale faster compared to Bitcoin and all its forking drama.
Invest moderately, no need to rush.

for about 10 seconds or so

He is talking about Bitcoin being worth $100,000 is quite likely and not about another coin being worth more. Bitcoin was already surpassed back then as being the most valuable coin per 1 coin. Do you remember 42Coin? 1 42Coin was worth around 1500BTC.

I don't think so. I think that there will be another coin or something else that is more valuable. There will always be changes in the future.

The Voting describes most of the users has predicted the value will grow to an extend of 10000$. From my opinion I don't believe in it. Counting from the value what its now it may reach to the maximum of 5000$ over the coming years. It is good if those predictions of the users comes true by the year 2020

Then i'm a child and the majority of this topic are to

I think we need to wait out the block size thing to have settled before we will see big changes in price again.
Right now everybody is waiting on what's cumming because a lot of people want bitcoin to get nice and low first so they can stock up.

As soon it is clear which way bitcoin is gonna go people are gonna buy like crazy because of the block halving cumming up.
I think 2k could be touched even then. But hey i'm a kid don't take my word for it because i don't know what happens, nobody knows what happens in this game.
Let's wait and see and score as much BTC as we can while in the process. 

It seems very unlikely that the transaction volume of bitcoin will go very high, now that we have this blocksize debate.

For some reason I can't understand, so many people seem to be stuck on this idea of "core" being the only legitimate "bitcoin". Personally I think it's really just a matter of naming. When bitcoin forks, both forks are "forks".

As intelligent people, we (as a society) should evaluate which fork is better for society, to decide which fork to use, not simply because one is named "core". It's absolutely silly to think that Satoshi Nakamoto is some sort of a God-like being who is so omniscient that he came up with an absolute perfect version of bitcoin that cannot be improved. In fact, core has changed a lot from Satoshi's original code too.

So why are people so determined to stick to "core" just because it's "core"?

But I digress. Regardless of whether this behaviour is rational or not, it seems to be the popular opinion amongst bitcoiners at the current time. Which means that the blocksize will not be fixed anytime soon.

I don't necessarily think that the other versions of bitcoin are better than the core; personally I'm not knowledgeable enough to pick a side.

I think there's value in bitcoin becoming some sort of a settlement layer as well. I'm not a libertarian. I'm more of a political agnostic; I really couldn't care less about politics. So bitcoin "succeeding" in becoming some sort of a micro-transaction innovation and remains at a low price doesn't interest me, even if it means bitcoin "succeeded"; to me it has failed.

If bitcoin was to become a settlement layer, a kind of digital reserve gold, that might be better for its value.

Any guessing between $200-2000 is just guessing like an idiot would do. No critical thinking at all. Okay, I'm exaggerating a bit. I think there's still a chance for bitcoin to be between 200-2000 in 2020; it isn't very far away. But that chance is not that high, maybe 20%.

It'll either have gone way lower, or way higher. The current price of bitcoin is because of its value as a speculative asset. That is literally 99% of its market cap right now. If nothing happens in another 4-5 years, the speculators will start losing hope, and get out, causing a crash in price. If something big happens, then there will be another huge hype cycle followed by another crash (probably). Those are the most logical choices.

The only reason you idiots think that it'll stay around the same as it does now, is because you *think* it isn't realistic for it to change by a lot; because "it can't be that easy to get rich."

There's no way you can get rich just by holding something for a few years, right? RIGHT??? WRONG.

Masayoshi Son gained over 1000x return in alibaba in ~10 yrs. Property prices in many cities in China literally went up 100-200 times in the past 10 years. Same with Dubai. And there's google, facebook, uber... etc etc etc.

Venture Capitalists routinely make investments that return over 100x their investment. That's how their businesses work. They literally get that kind of return EVERY SINGLE YEAR (on some of their investments). Otherwise they'd go out of business.

So just because you think it's unrealistic, doesn't mean shit. It just means you're ignorant and stupid.

You are very optimistic.
Honestly i don't think it's realistic at all. Any figure above 2k is just guessing like a child would do.

yep that market cap is key
21M for something that's used worldwide will be very very small, that's mainly the reason i think it will be $10000+ in 2020
$10000 might just as well be 100 times as high in the long run. Also don't forget to pick up a bit of Ethereum this is gonna be an important part of the future to. It's hard to understand but easy to see it's a solid investment.

Don't forget that there will be investors, people who will use it as a store of wealth and the most important thing, "The 21M market cap".

Volume != price, did he say anything on price or just volume ? Very different things and not necessarily related.

If millions of people around the world are using $10-20 Bicoins every day then the project will be a resounding success.

pereira4, what would you estimate in 2030 ?

Between 5.000 and 20.000, too hard to estimate. Of course mega fudsters like Mike Hearn will always be around to temporarily crush the price but in normal circumstances as we can see, the price tends to go up again and recovers quick. We are heading now towards 4 figures again.

There will be major issues for sure, or like I like to call them "growing pains", but I feel that we as a community, will work around it, for many reasons, the main reason, the value of our BTC wealth.

I'm extremely happy with what we are passing by, we are evolving correctly and we are seen as a danger for the ponzi schemes (Banks and such).

yes i also see this possibility more, unless some major flaw is discovered and fuck bitcoin completely, but i dobut something like that will not be fixable, in the rmeote case it will appear

I agree Amph, I didn't deny this.

But I see the possibilities that we have "very large transaction volume" is so way much better than having "no volume", agree with me ?