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Topic: How much will bitcoin be worth in 5-10 years? (Read 11787 times)

full member
Activity: 171
Merit: 100
December 03, 2013, 01:46:02 PM
#47
It will reach 0$ because people will start selling as soon as it gets valuable!

Troll or?
legendary
Activity: 1106
Merit: 1005
It will reach 0$ because people will start selling as soon as it gets valuable!

once it gets valuable there would be no reason to sell, as at that time you can just buy goods with it at every corner of the street.
hero member
Activity: 602
Merit: 500
In math we trust.
It will reach 0$ because people will start selling as soon as it gets valuable!
newbie
Activity: 10
Merit: 0
It depends on how much we work towards bitcoin adoption by creating businesses using bitcoin as payment, just inundate the world with bitcoin businesses with the option to use fiat as well as bitcoin.

For sure. BTC value has a value right now inflated from speculation, but if usage continues to grow, and its usage as an actual legitimate currency and payment method increases, then I see 1 bitcoin being worth 10k. But if adoption fails to grow in a big way, I think we'll see it go to zero in a decade or so.
full member
Activity: 168
Merit: 100
Bitcoin was at $13 to start the year, now we're at $1,100.

Conservatively:

2014- $50,000
2015- $150,000
2016- $400,000

My 0.02 mBTC

I hate math.   Can 2014 be the year of 10k and 2015 be the year of 100k?   I even erred on the side of low versus high!

newbie
Activity: 21
Merit: 0
It depends on how much we work towards bitcoin adoption by creating businesses using bitcoin as payment, just inundate the world with bitcoin businesses with the option to use fiat as well as bitcoin.
hero member
Activity: 898
Merit: 1000
10 years is impossible to predict, but next-to-everyone in this forum believe that Bitcoin will reach 1,000$ within two years (I think that's safe to say).

Try two weeks.
full member
Activity: 211
Merit: 101
Miners have to sell BTC to pay for the electricity costs.

That's your limiting factor right there.  Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.


It's amazing how many people confuse cause and effect, especially with regard to Bitcoin and electricity. Miners respond to the price of bitcoin, not the other way around. If electricity costs go up, inefficient miners stop mining and mining difficulty drops.
full member
Activity: 280
Merit: 102
Bitcoin was at $13 to start the year, now we're at $1,100.

Conservatively:

2014- $50,000
2015- $150,000
2016- $400,000

My 0.02 mBTC
hero member
Activity: 938
Merit: 500
https://youengine.io/
Between $50k and 200k per coin
Why are you so pessimistic?
newbie
Activity: 10
Merit: 0
Miners have to sell BTC to pay for the electricity costs.

That's your limiting factor right there.

Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.



That is true, but ASIC technology will only get better. Moore's law is still in effect. Mining will just become larger scale and more efficient.
sr. member
Activity: 407
Merit: 250
Miners have to sell BTC to pay for the electricity costs.

That's your limiting factor right there.

Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.

hero member
Activity: 728
Merit: 500
what the hell are you guys basing these estimates on?
Just wild guesses?
Yes. Since it is inevitable that at one point we will have to cross 100k to reach 1M (we can't just quantum-tunnel through this price) we have to guess when exactly this will happen (we cannot calculate the time exactly) and 5 to 10 years seems to be a reasonable guess.

Or it never reaches 1M... And at some point someone dumps large quantity and rest of the investors withdraw and it ends up at 1-10$ level or less...

As valid prediction as any...
hero member
Activity: 938
Merit: 500
https://youengine.io/
what the hell are you guys basing these estimates on?
Just wild guesses?
Yes. Since it is inevitable that at one point we will have to cross 100k to reach 1M (we can't just quantum-tunnel through this price) we have to guess when exactly this will happen (we cannot calculate the time exactly) and 5 to 10 years seems to be a reasonable guess.
sr. member
Activity: 322
Merit: 250
what the hell are you guys basing these estimates on?
Just wild guesses?
full member
Activity: 154
Merit: 100
Veronica <333
No more than 5k. It will never reach 100k becauuse no one is gonna btc at that point or any point near it.
hero member
Activity: 938
Merit: 500
https://youengine.io/
more than 100k USD
full member
Activity: 126
Merit: 100
Bitstamp trader
around 1000 will be the cap i think

still thinking that Tongue ?
member
Activity: 88
Merit: 10
It'll go up till 10k$, then crash to 5c Cheesy
sr. member
Activity: 378
Merit: 255
It's hard to say really. Think of how accurate your price outlook would have been a year in the past, and try to speculate that uncertainty for a decade and you get the idea. As much as I love Bitcoin, I wouldn't pin my retirement plans on it!

Too late.  I plan on retiring next year in my mid-40s.
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