That is 10 times more for just 5 years. If this have a little truth then bitcoin is best possible investment in the world. People should forget everything and just buy and collect coins, cause this 6500 $ for 5 years sounds impossible.
Don`t fool yourself, bitcoin will rise for sure, but not that fast. Even if we get there, question will be can btc hold that price, or that will be just one crazy pump. Anyway I don`t like how this sounds, I think bitcoin made a big progress until now, and people should be satisfied with this. Also people don`t need to hurry no where, time is passing slowly and with time btc is rising, that is a good way for long run and I wouldn`t change nothing in this moment.
Topic: In the next five years, the bitcoin can not be developed from $650 to $6500? (Read 1142 times)
July 22, 2016, 10:52:53 AM
July 22, 2016, 10:39:01 AM
With a price of $6,5k per coin the market cap would be over 121 billion!!!!!!!
For that to happen you need ETFs, Black swan events or super mass adoption for whatever reason.
For that to happen you need ETFs, Black swan events or super mass adoption for whatever reason.
Super mass adoption would push the price far beyond that. It would still be not too far off stealth mode. Right now it's still nowhere mode. And let's not forget that's market cap. Market cap is meaningless shite but handy for pushing prices up.
July 22, 2016, 10:35:58 AM
It's impossible. It won't happen, at least not in your life time. Maybe your great grand kids will see it, but by then a loaf of bread will cost $100.
July 22, 2016, 10:32:00 AM
Not impossible but very unlikely I would say.
From last halving to this one, timeframe of 3,61 years, price has increased 52x or 5122% ($12,16 to ~$635).
A 10x increase until 2021 would include another hardfork and would "only" be a fifth of the last run up.But again...not very likely.
The coin supply at that time would be around 18.700.000. With a price of $6,5k per coin the market cap would be over 121 billion!!!!!!!
For that to happen you need ETFs, Black swan events or super mass adoption for whatever reason.
From last halving to this one, timeframe of 3,61 years, price has increased 52x or 5122% ($12,16 to ~$635).
A 10x increase until 2021 would include another hardfork and would "only" be a fifth of the last run up.But again...not very likely.
The coin supply at that time would be around 18.700.000. With a price of $6,5k per coin the market cap would be over 121 billion!!!!!!!
For that to happen you need ETFs, Black swan events or super mass adoption for whatever reason.
July 22, 2016, 07:28:56 AM
It is quite possible to get increase to this value of $6500 in next five years. Bitcoin is more strong ever than before. Moving forward with steady growth so I'm also quite sure about it. In fact nobody can predict the exact value of cryptocurrency because it has very potential to get rapidly increase in price at any time.
July 22, 2016, 07:21:29 AM
^^^
I agree with Randy8777
Bitcoin will have a steady increase, but no huge jumps unless something big happens.
Most of the price increase will happen from new users adopting BTC as they realize they can buy things on the internet.
(Darknet markets etc.)
People who buy drugs, weapons, porn on the internet anonymously will be using BTC.
Unless some new major retailers start accepting coins, which could happen, most of the new users will be buying illegal goods, unfortunately.
Everyone else involved with BTC is a miner or an early adopter who is just looking to get money trading/ holding coins.
For the value to really go up, we need more average consumers to use coins for everyday purchases.
I agree with Randy8777
Bitcoin will have a steady increase, but no huge jumps unless something big happens.
Most of the price increase will happen from new users adopting BTC as they realize they can buy things on the internet.
(Darknet markets etc.)
People who buy drugs, weapons, porn on the internet anonymously will be using BTC.
Unless some new major retailers start accepting coins, which could happen, most of the new users will be buying illegal goods, unfortunately.
Everyone else involved with BTC is a miner or an early adopter who is just looking to get money trading/ holding coins.
For the value to really go up, we need more average consumers to use coins for everyday purchases.
July 22, 2016, 07:18:23 AM
Very possible. The more important question is how likely it is. Despite all the cool goings on I can't really see much that tells me adoption is accelerating. It's plodding along on a slow uptick but that's not enough for those types of price levels.
All the while alts get sillier and pumpier and sometimes sexier. Bitcoin needs to get its arse into gear.
All the while alts get sillier and pumpier and sometimes sexier. Bitcoin needs to get its arse into gear.
July 22, 2016, 07:06:48 AM
it is possible, but only highly unlikely. it means that the price has to go up more than $1000 each year to have such a price level. all the money needed to get the price that high must come from somewhere. i think a realistic scenario to happen in 5 years, is that we'll see the price go up to around $1500-$2000 at maximum. definitely not higher than $2000.
July 22, 2016, 06:11:15 AM
I would be very surprised if it rose that much in price within 5 years, but it is possible. It really depends on whether merchants begin to accept bitcoin as a method of payment like paypal. If that were to happen, I think we will see a big jump in price.
July 22, 2016, 02:47:51 AM
In the next five years, the bitcoin can not be developed from $650 to $6500?
Well this price rise would be huge. So i think that 5 years won't be enough for price rise like this, i think it will need at least 10 years to happen, and only if price won't have any dumps, but i am sure that it will
But each day more and more people use bitcoins, so probably one day we will see prices like 10k, 30k and even more for one bitcoin as people will want to buy as much as they can
July 22, 2016, 02:41:47 AM
I feel like we've got the top at around 650 or whatever is currently at right now. I just couldn't see it going much higher until people are happy buying fractions of a bitcoin. I did think the same at lower levels but it seems the higher it goes the harder it gets to maintain and rise.
July 20, 2016, 06:26:25 AM
In the next five years, the bitcoin can not be developed from $650 to $6500?
These are nothing but wild speculation. I am happy while it is 650+ 
July 20, 2016, 06:23:08 AM
in the 2012 some people said bitcoin will reach to $5000 in 2014 but in the fact the prices even was never reach even half of it and this time i do agree with your opinion and because bitcoin prices very unpredictable might be in the next five years the prices will be down than the current prices
July 20, 2016, 05:15:57 AM
In the next five years, the bitcoin can not be developed from $650 to $6500?
May your speculation come true.
All we want for bitcoin is to increased its price thats all.
No one wants to sell bitcoin in a low price.
July 20, 2016, 04:59:50 AM
well i dont fear if bitcoin drops bellow 650 and after X years skyrocket , i was mining bitcoin & alts got my stash and right now im making profit out of thin air (trading) so... iv seen it all before! anti-FUD shield ! ^^
July 20, 2016, 04:55:27 AM
In the next five years there's only two possibilities bitcoin's going to 6500 Dollars or turn to nothing, as we see after mtgox has crashed bitcoin slowly up to 650 dollars again like nowdays, we can't predict the future, if we still using bitcoin and spread it to the world, i truly believe bitcoin will be adopted by mass so that the price will be up.
July 20, 2016, 04:47:15 AM
Poor quality, FUD thread by a newbie. Nothing to see here people, no analysis or reasoning behind a pretty dumb comment.
Nothing suggests that $6500 bitcoin's in the next 5 years can't become a reality.
Move on!
Nothing suggests that $6500 bitcoin's in the next 5 years can't become a reality.
Move on!
July 20, 2016, 04:35:06 AM
Nothing is impossible in crypto world because it has very huge potential for so big rise, it is hard to predict what will be happen into next 5 years, 10x is not very big task as we see the current growth when it got more than 2x in less than year.
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July 20, 2016, 04:24:25 AM
there's no certain answer, your question like asking people tell fortunes,and it's impossible ,just see and wait,but as stated by satoshi himself,in next five years bitcoin will be a big currency or will turn to nothing
July 20, 2016, 04:00:33 AM
it may not be easy within 5 years , but it can be achieved if more people starts using bitcoin and popularity may help in developing bitcoin to the higher level
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