Price of Bitcoin may increase normally but not as much as 400K

bitkanu

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Bitcoin is very valuable in the long-term. If we keep it, but many people mistakenly think that Bitcoin can skyrocket in price, an illusion of 400K is too large for Bitcoin's bull. We need to have more time and long-time.

It's not a problem when they are putting the expectation for bitcoin to go high in the future but they should at least use their sense to predict how far it will go. 400k rate is totally non sense rate and when you are seeing it right now if bitcoin is not yet surpassing 20k barrier and does it make sense to call that will reach 400k?
If that's about 40k and that still makes sense to see that. The bitcoin bull will not make bitcoin will worth 400k. That a few decades for bitcoin to achieve it.

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Quote from: ReiMomo on December 14, 2020, 04:10:48 PM

Quote from: Renampun on December 14, 2020, 01:13:55 PM

~Snipped

Exactly, there is no time frame for that.

But if you will trace the price of bitcoin in the chart, bitcoin has significant growth years had passed. In 10 years of existence, bitcoin becomes expensive due to the fact of demand and supply, bitcoin has a fixed amount, and from time to time people getting more awareness of crypto and adopt through different purpose, if that happens, the demand will increase and also the price. Who knows, after another 10 years, bitcoin will fold in 10 times or more of this current price, and $400k is not possible to achieve.

I don't think $400K price for BTC is feasible to achieve even in the long run. Despite the fact that the demand will likely increase to unprecedented levels, only a small percentage of people would be willingly to buy bitcoin at the price. Heck, I haven't even mentioned the number of people who are just waiting for such prices to sell a truckload of Bitcoins that could cripple the market for a while. If you consider these companies currently buying a shit load of Bitcoins and ethereum at the moment, it's worthy to note that these are just investments and they're more than like to cause sell offs at a latter point. A more realistic price for bitcoin in the long run is somewhere around $40K to $60K. Anything other than that would be sustainable.

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Quote from: Renampun on December 14, 2020, 01:13:55 PM

*the future price of Bitcoin will continue to be a mystery and that's for sure...
Bitcoin at a price of $ 400k is still a possibility in the future, every year Bitcoin investors continue to increase and will become a trend in the future, when the demand increases then surely its value will also increase.

Exactly, there is no time frame for that.

But if you will trace the price of bitcoin in the chart, bitcoin has significant growth years had passed. In 10 years of existence, bitcoin becomes expensive due to the fact of demand and supply, bitcoin has a fixed amount, and from time to time people getting more awareness of crypto and adopt through different purpose, if that happens, the demand will increase and also the price. Who knows, after another 10 years, bitcoin will fold in 10 times or more of this current price, and $400k is not possible to achieve.

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*the future price of Bitcoin will continue to be a mystery and that's for sure...
Bitcoin at a price of $ 400k is still a possibility in the future, every year Bitcoin investors continue to increase and will become a trend in the future, when the demand increases then surely its value will also increase.

vaultman

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The threshold of 50 thousand dollars will surely overcome, because all the prerequisites indicate this. Bitcoin cannot fall in price if there is a great demand for it in all spheres of life, everyone wants to use it. It rises above 50 thousand dollars when the difficulty of mining increases to the maximum value, and it will certainly increase, that is, everything leads to an increase in the cost of bitcoin.

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Quote from: Inkdatar on December 11, 2020, 11:31:38 AM

Price of bitcoin may increase that's for sure and everyone has its freedom to gives their prediction on bitcoin. Everyone awaits for bullish trend to occur but $400k is so huge. These days it is hard to break even above $20k and there's still uncertainty to what price it will heading. However, once price crossed to what has been predicted a lot of users of course will truly enjoy their profit.

You would really expect with these kind of predictions when the market is really in a bullish run.People do predict in ridiculous prices without even thinking
on how hard and how long we've been waiting for this 19k price to come and considering that there would be lots of correections and pullbacks then its
really hard to believe on that we would really be seeing those 6 digit prices.Why we cant just stick out on at least 30k to 40k which would be a better
price for us to presume? because if you do hope that much then it would really just frustrate you when the price didnt able to hit that goal of yours.

lixer

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Bitcoin is something enigmatic, you do not expect it to do anything and it could do anything at the same time which is the problem. Think of it like Schrödinger's cat situation, you do not know if bitcoin price will be high or low before it happens, only after it happens you know what it is, until it happens it is both going up and also going down at the same time.

I can look at the price today and find you a reason why it will crash under 10k in under 3 months, or I could find a reason why it will be over 30k in under 3 months as well, I can honestly make you believe in it as well, not because I am a great salesman or anything but there could be some "data" used to prove them both correct whereas that data usually will be just indicating something and not guaranteed.

Inkdatar

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Price of bitcoin may increase that's for sure and everyone has its freedom to gives their prediction on bitcoin. Everyone awaits for bullish trend to occur but $400k is so huge. These days it is hard to break even above $20k and there's still uncertainty to what price it will heading. However, once price crossed to what has been predicted a lot of users of course will truly enjoy their profit.

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Those that are saying that Bitcoin will reach $400k are just exaggerating everything. The price will increase but this $400k they are saying is not going to happen, they can see anything less than $50k and I will believe it, but anything above that price range I am not going to believe it.

We are finally in the month of December and it is already middle of the month, the market has only managed to get to $20k before falling back again and we are at below $18k, will the price still go up further than the ATH? I saw one of the charts predicting $400k and it predicted December, and I am not seeing that being possible, it’s all hype.

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The only limit to BTC price is our imagination

Wipeout2097

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Everyone wants to create a benefit once more, whether it could be an enormous benefit or a little benefit. At slightest, when the market can develop to the higher price, the plausibility for us to be back to form a benefit will come so ready to recoup the misfortune that we got some time recently. Other than that, we as of now see a moo cost for a long time ago, although bitcoin and altcoin cost can increase, the cost still not increment so tall. For me increment of price to make handsome benefit.

ipanks

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I am not sure if the bitcoin price can increase to $400k in the next year because that price will be too high to be reached. Even that it will be possible for bitcoin to rise so high, but I feel that Bitcoin needs more time to hit $400k. Maybe the price can grow up to $100k in the next year, and I think that is the reasonable price for bitcoin. But if the price can really hit $100k-$200k in the next year, I am sure that many people will be very happy to sell their bitcoin and make a big profit.

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Quote from: DashingAgent on December 05, 2020, 08:37:34 AM

However if Bitcoin ever hits 78K compare to the past then its ATL can be 4x compare to the past low (i,e $3300x4)

It was ATH not ATL. Aside, I dont see Bitcoin making it to fhe $78K but $50K price range is still a reasonable ATH now.

Quote from: Gotumoot on December 10, 2020, 07:30:34 AM

I think by now we should already know that Bitcoin price could move as much as it want.
Back when it was just a low price and new nobody would even believe that it could hit $10K or $20K but it does,
So maybe right now we couldn't see it happening because of the huge gap but maybe someday it could prove you wrong.

The market volatility gives it the chance to reach any price but people still need to be realistic when making predictions about Bitcoin which is what I believe the OP was trying to communicate about because during a bullish season like this people always make a false prediction that will certainly not happen. However, i am in support of the OP Bitcoin can not make $400K price range now or in the bullish market i.e the year 2023 after halving.

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Quote from: Gotumoot on December 10, 2020, 07:30:34 AM

I think by now we should already know that Bitcoin price could move as much as it want.
Back when it was just a low price and new nobody would even believe that it could hit $10K or $20K but it does,
So maybe right now we couldn't see it happening because of the huge gap but maybe someday it could prove you wrong.

Maybe I blame myself for not believing Bitcoin in its early years of existence. Yes, I was in doubts, and a lot of questions inside but we can't go back where it was started, people are getting crazy as the price goes high. And I can't think also that it will make huge dumps this time where there are a lot of users and companies adopting Bitcoin. But then, I was not also thinking that it goes that too high at $400k even we have this fully adopted.

Gotumoot

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I think by now we should already know that Bitcoin price could move as much as it want.
Back when it was just a low price and new nobody would even believe that it could hit $10K or $20K but it does,
So maybe right now we couldn't see it happening because of the huge gap but maybe someday it could prove you wrong.

jaberwock

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People have underestimated bitcoin for a very long time. I think we are going to see 400k per bitcoin, we will even see 4 million dollars per bitcoin, it is not going to be today nor anytime soon but look at fiat currency and how horrible it has been for the past 30 years, not even considering centuries of fiat currency constantly losing money as well.

Just look at 2020, we have seen the biggest economy in the world USA putting up 25% more debt to their treasury just in this year, for the past 8 months because of one pandemic, instead of trying to cover the costs with getting high taxes from very rich people. Which goes to show you that there is no reason why people should trust in fiat, and crypto will keep going up forever, it will be 400k too, maybe not now but eventually it will be.

Genemind

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Many are waiting for BTC price to go that far. However, it has to take time. Any sudden growth on BTC will only lead to a massive price correction. Steady and healthy growth will be needed to make the BTC price stable. I am expecting BTC to surpass it's recent ATH any time soon, but it might not be as high as most people are expecting.

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Quote from: Mpamaegbu on December 09, 2020, 01:54:59 PM

Quote from: nelson4lov on December 05, 2020, 05:45:55 PM

While I'd really like to see bitcoin at such insane...

There is nothing insane about the price of Bitcoin the way I see it. Do you know that those who bought Bitcoin at less than $1 a decade ago wouldn't have believed it would get to the current price of today? They would've laughed at any suggestion of price getting anywhere near $15,000. But look at where price is today. Bitcoin is truly unpredictable.

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$ 400k is too high a figure, I wonder how can I get a prediction as high as $ 400k? even though $ 20k still can't be surpassed,
We'd better leave this $ 400k prediction and think about $ 20k first.

With Bitcoin, nothing should be doubted!

If rally happens randomly with faster growth of bitcoin value, demand is basically the main reason why it's abruptly rising. The behavior was out of control once market is lively creating real time trading, which attracts most people waiting for that moment. However if predictions comes at different angles, well no accurate price comes into fixed amount but rather more individuals will independently provide their ideas with huge figures. Let's first prioritize the predictions of $20k per btc before any higher value comes.

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Quote from: nelson4lov on December 05, 2020, 05:45:55 PM

While I'd really like to see bitcoin at such insane...

There is nothing insane about the price of Bitcoin the way I see it. Do you know that those who bought Bitcoin at less than $1 a decade ago wouldn't have believed it would get to the current price of today? They would've laughed at any suggestion of price getting anywhere near $15,000. But look at where price is today. Bitcoin is truly unpredictable.

Quote from: ?? on ??

$ 400k is too high a figure, I wonder how can I get a prediction as high as $ 400k? even though $ 20k still can't be surpassed,
We'd better leave this $ 400k prediction and think about $ 20k first.

With Bitcoin, nothing should be doubted!

darewaller

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I definitely agree that 400k is not possible... yet. I mean surely in 10-20 years it could be possible, there could be people who would love to see that in the wealthy world as well after all they are not even that much involved yet, few smaller companies got in about a billion, but when the big huge names of wall street gets involved they are going to make sure they make as much profit as they can which will be 400k or even more, but that is not right now.

I would say trust bitcoins future and invest into it right now, because it will always worth something in the future, but it is not going to be skyrocketing that much anytime soon, it will probably reach to 30-50 thousand levels as the next goal and probably 100k after that, which all would probably take at least 5 more years.

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