My bitcoin price predictions for the next 3 years

dakiller

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This is my guide

The line is just the basic trend over years, the price can move quite far from the line (see 2013) but it will come back to the line in time.

I easily see $500k USD as a target, but I won't guess much past that, maybe an order of magnitude or two. At some point the world economies start to factor in. BTC is nothing but a blip so far, but at some point the actual real economy matters to BTC.

Ewox

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Actually that's around the same price range that I am also speculating in 3 years with bitcoin. It is quite possible though to reach that amount especially if you look at the charts of bitcoin from 2009 up until now. Anything is really possible in the world of crypto.

pooya87

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Quote from: JohanM on October 16, 2017, 02:38:36 PM

~snip~

Question is: where in the chart are we ?
I'd say somewhere in the beginning of early adopters.

exactly.
charts like that S curve and the other bubble one has been posted a lot around here. i even posted the S curve theory myself a couple of times. but the argument is always about where we are.

we recently saw Japan movement and witnessed the effects it had on bitcoin. that is only one country, and a very small part of that country adopted bitcoin. there is still the rest of the country and the other countries to move up.
the adoption speed increased this year but we are still in the early adopters stage and getting near the early majority.

phr0stbyt3

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I hope this would be the reality for the next year and the future. With bitcoin being regulated now it will be termed as legit and we will see more investors feeling safe to invest in bitcoin in the future. The only problem we are facing with bitcoin is volatility and that's not because of any demand but because it is giving a free coin

gentlemand

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Quote from: Dalmar on October 16, 2017, 06:16:36 PM

Good predictions but i am not optimistic like you. 20k usd for 2019 is not realistic if we consider current continious bans by governments. Long term investing can make a good profit but you need to wait more than 4 years for this purpose.

The Chinese 'ban' is priced in and discarded. The never ending Russian 'ban' hasn't even started yet, and Russia is nothing in crypto terms anyway. Other than that regulations on exchanges will get ever tighter in the non ban countries. This should be of no surprise to anyone.

Dalmar

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Quote from: Question123 on October 16, 2017, 06:01:45 PM

I hope it will happen. But I think the possible to happen become 10k dollars is next year that i think also. But 20k dollars in 2019 and 40k dollars in 2020 is very impossible because that price is very high. Bitcoin needs more years before they reach that. But it depends always in the demand on the market if the price increase or decrease. But I hope the price of bitcoin will continuw to increase so we can make a lot of profit.

Good predictions but i am not optimistic like you. 20k usd for 2019 is not realistic if we consider current continious bans by governments. Long term investing can make a good profit but you need to wait more than 4 years for this purpose.

Question123

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I hope it will happen. But I think the possible to happen become 10k dollars is next year that i think also. But 20k dollars in 2019 and 40k dollars in 2020 is very impossible because that price is very high. Bitcoin needs more years before they reach that. But it depends always in the demand on the market if the price increase or decrease. But I hope the price of bitcoin will continuw to increase so we can make a lot of profit.

Dalmar

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Quote from: Morguk on October 15, 2017, 09:33:50 AM

I predict the price will roughly hit these highs for the following years.

2018 - $10,000
2019 - $20,000
2020 - $40,000

What are these prices based on? Nothing, just my best guess, and it's always fun to think about the future price. I think these predictions are optimistic but reasonable.

What are your price predictions for the next 3 years?

Guessing exact numbers is hard but i expect average 10000$ during middle of next year. All this government ban news hurts my investment but i am not going to give up on my decisions. 40000$ is reasonable for 2019 Cool

BitHodler

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If we were still hovering below the $1000 mark, I would definitely say that I don't see this become reality. But things have changed quite a bit this year, and it actually justifies the market to increase by such margins.

If there is one thing that is happening as we speak, then it's the adoption that's picking up. This is a process that takes years and years, which basically means that there won't be a stop to Bitcoin's growth in the next years.

Another thing I have been noticing is that the average Bitcoiners seem to be willing to hodl on to their coins for longer periods of time, which a year or two ago was something we could only hope for.

It all tells me that there is a growing confidence in Bitcoin, which is obviously well justified.

atc1-REAL

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Again, we will have to see the situation in November-December of this year and reassess. After the fork, there seems to be a general consensus that there will be a correction in the prices. The forks seem to be the events driving up the btc prices now. So its secure for now,but later it might be hard to continue the appreciating trend.

Seansky

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Quote from: Morguk on October 15, 2017, 09:33:50 AM

I predict the price will roughly hit these highs for the following years.

2018 - $10,000
2019 - $20,000
2020 - $40,000

What are these prices based on? Nothing, just my best guess, and it's always fun to think about the future price. I think these predictions are optimistic but reasonable.

What are your price predictions for the next 3 years?

The prediction is not reasonable since bitcoin does not go up all the time. I predict bitcoin price will be sitting at $1000 or somewhere near that before 2018 ends. By 2019, bitcoin price would be sitting again at 1500$ and by 2020, bitcoin price will have a price near or at $10,000. These price predictions are based on the current movements of bitcoin way back 2013. Considering history would repeat itself, bitcoin might have the said price before the end of the given year.

MissionPhailed

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Quote from: HeRetiK on October 16, 2017, 01:16:28 PM

Quote from: Morguk on October 15, 2017, 09:33:50 AM

I predict the price will roughly hit these highs for the following years.

2018 - $10,000
2019 - $20,000
2020 - $40,000

What are these prices based on? Nothing, just my best guess, and it's always fun to think about the future price. I think these predictions are optimistic but reasonable.

What are your price predictions for the next 3 years?

That's way too smooth for Bitcoin

If anything, it will probably look more like:

2018 - $10,000
2019 - $2,000
2020 - $40,000

I still wouldn't expect USD 40k,- sooner than 2021/22 though. So far the halving always took about 6 - 12 months until it made itself felt in the market.

Indeed. After BTC reached an ATH in november 2013, it took over three years to set a new record. The trend is definitely upwards but with a lot of ups and downs and those downs can be really deep and lengthy. But as mentioned above, catastrophes like Mt.Gox are most likely a thing of the past so the value of BTC will now remain in the 4 numbers ($1000 and up).

MiningSensei

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Maybe it can go up even more, nobody knows how much will bitcoin rise in the next years, but if we use the same path that bitcoin had this year, then it is upto 400% every year, this is crazy.
But i dont know if it will get to $10k soon, maybe it will take much more time than what we think for now.
well nobody knows yet, maybe there will be a big dump and we still dont know anything about it.
we only have to wait.

LoyceV

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Quote from: JohanM on October 16, 2017, 02:38:36 PM

Question is: where in the chart are we ?
I'd say somewhere in the beginning of early adopters.

If you look at the total percentage of people using it, I wouldn't be surprised if it's much less than 1%. Considering the large number of altcoins being created, it could even still be the Innovators phase.
Then again, that is assuming it'll reach almost 100% market penetration at some point, which I don't expect to happen. I expect Bitcoin is here to stay for quite a while, but it will always remain one of many payment systems.

gentlemand

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Quote from: JohanM on October 16, 2017, 02:38:36 PM

I'd say somewhere in the beginning of early adopters.

Me too. The regular proclamations on here from people that we're fully out of the early adopter phase are genuinely ridiculous. We may not have entered it all yet, but there's not exactly an adjudicator to tell us that anyway.

JohanM

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Quote from: LoyceV on October 16, 2017, 11:38:03 AM

Quote from: pooya87 on October 16, 2017, 12:05:28 AM

and why do you think bitcoin price rise will slow down in the future instead of speeding up?

All exponential growth eventually turns into a S-curve:

My prediction is quite simple: it will drop hard a few times, but long term keeps going up. That's what I base my holdings on.

Question is: where in the chart are we ?
I'd say somewhere in the beginning of early adopters.

So I would say:
2018 : 15,000
2019 : 45,000
2020 : 125,000

Anonylz

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Yes maybe you are predicting a high price, 40 thousand dollars is a huge amount of money.. maybe i expect to see bitcoin at 20 thousand dollars in four years from now, and i am being too optimistic with those rates, but nobody can predict the real price of bitcoin. I thought that the price was going to be $5000 on 2018, so i was wrong with it.
The market is crazy at the moment, it is so volatile with those recently events.

HeRetiK

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Quote from: Morguk on October 15, 2017, 09:33:50 AM

I predict the price will roughly hit these highs for the following years.

2018 - $10,000
2019 - $20,000
2020 - $40,000

What are these prices based on? Nothing, just my best guess, and it's always fun to think about the future price. I think these predictions are optimistic but reasonable.

What are your price predictions for the next 3 years?

That's way too smooth for Bitcoin

If anything, it will probably look more like:

2018 - $10,000
2019 - $2,000
2020 - $40,000

I still wouldn't expect USD 40k,- sooner than 2021/22 though. So far the halving always took about 6 - 12 months until it made itself felt in the market.

LoyceV

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Quote from: pooya87 on October 16, 2017, 12:05:28 AM

and why do you think bitcoin price rise will slow down in the future instead of speeding up?

All exponential growth eventually turns into a S-curve:

My prediction is quite simple: it will drop hard a few times, but long term keeps going up. That's what I base my holdings on.

gentlemand

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Quote from: BTCLovingDude on October 16, 2017, 11:27:45 AM

i mostly agree with what you said, i just want to add that despite not knowing what is around the corner and all the risks of that, we know that worse case scenario is just delaying the inevitable.
the rise will happen, as it happened after the Gox disaster. it took long to recover from that but the recovery happened and even Japan (home of Gox) came back to the game stronger than before.

Assuming whatever's lurking in the alleyway is a blip then that's possible, but even then acting like tens of thousands are a right and an inevitability is enough to make real trading professionals wince.

Speculation is still the overwhelming driver of this, and speculator confidence is a nervous and vapourous thing.

Topic: My bitcoin price predictions for the next 3 years (Read 1168 times)