It will reach 0$ because people will start selling as soon as it gets valuable!
Troll or?
Topic: How much will bitcoin be worth in 5-10 years? (Read 11771 times)
Troll or?
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.
It will reach 0$ because people will start selling as soon as it gets valuable!
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.
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
Conservatively:
2014- $50,000
2015- $150,000
2016- $400,000
My 0.02 mBTC
I hate math. Can 2014 be the year of 10k and 2015 be the year of 100k? I even erred on the side of low versus high!
It depends on how much we work towards bitcoin adoption by creating businesses using bitcoin as payment, just inundate the world with bitcoin businesses with the option to use fiat as well as bitcoin.
10 years is impossible to predict, but next-to-everyone in this forum believe that Bitcoin will reach 1,000$ within two years (I think that's safe to say).
Try two weeks.
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'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.
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
Conservatively:
2014- $50,000
2015- $150,000
2016- $400,000
My 0.02 mBTC
Between $50k and 200k per coin
Why are you so pessimistic? Miners have to sell BTC to pay for the electricity costs.
That's your limiting factor right there.
Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.
That's your limiting factor right there.
Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.
That is true, but ASIC technology will only get better. Moore's law is still in effect. Mining will just become larger scale and more efficient.
Miners have to sell BTC to pay for the electricity costs.
That's your limiting factor right there.
Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.
That's your limiting factor right there.
Higher the price, more electricity the whole network uses. Bitcoin price can not go very high.
what the hell are you guys basing these estimates on?
Just wild guesses?
Yes. Since it is inevitable that at one point we will have to cross 100k to reach 1M (we can't just quantum-tunnel through this price) we have to guess when exactly this will happen (we cannot calculate the time exactly) and 5 to 10 years seems to be a reasonable guess.Just wild guesses?
Or it never reaches 1M... And at some point someone dumps large quantity and rest of the investors withdraw and it ends up at 1-10$ level or less...
As valid prediction as any...
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. Just wild guesses?
what the hell are you guys basing these estimates on?
Just wild guesses?
Just wild guesses?
No more than 5k. It will never reach 100k becauuse no one is gonna btc at that point or any point near it.
more than 100k USD
around 1000 will be the cap i think
still thinking that
?
It'll go up till 10k$, then crash to 5c 
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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