The price of Bitcoin in 2020 - page 4.

tabas

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Quote from: Avametra on July 06, 2017, 02:47:08 PM

Quote from: hurain on July 06, 2017, 02:18:57 PM

Quote from: Oralmat on July 06, 2017, 07:40:30 AM

My speculation is positive about bitcoin in 2020 year, I would guess bitcoin would be double in 2020, also after 3 and half years ago 2020 year will be come, then it mean it is not far away. But i believe bitcoin would have price $6000 after 3 years. May be it more but i have surety that at least bitcoin would be cross at $6000.

yes that is right that in 2020 i am sure that bitcoin price will be trading more above than 6000$. because still there is really a good potential and its price will continue increasing from time time, therefore i think still there is good opportunity to invest money in bitcoin.

It seems to me that in three years the price of bitcoin will increase several times. I hope that we will see 10,000 dollars for bitcoin. The price grows faster than before. Many countries have already taken bitcoin and many will still take

We will see price of bitcoin at $10,000 there's a lot of people and especially those experts telling the way of bitcoin is on a straight and calm road. And there are some that actually said that bitcoin can even rich higher than $10,000 on 2020. But I'll believe that it's possible to happen on 2020, there's 3 years to come.

Avametra

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Quote from: hurain on July 06, 2017, 02:18:57 PM

Quote from: Oralmat on July 06, 2017, 07:40:30 AM

My speculation is positive about bitcoin in 2020 year, I would guess bitcoin would be double in 2020, also after 3 and half years ago 2020 year will be come, then it mean it is not far away. But i believe bitcoin would have price $6000 after 3 years. May be it more but i have surety that at least bitcoin would be cross at $6000.

yes that is right that in 2020 i am sure that bitcoin price will be trading more above than 6000$. because still there is really a good potential and its price will continue increasing from time time, therefore i think still there is good opportunity to invest money in bitcoin.

It seems to me that in three years the price of bitcoin will increase several times. I hope that we will see 10,000 dollars for bitcoin. The price grows faster than before. Many countries have already taken bitcoin and many will still take

hurain

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Quote from: Oralmat on July 06, 2017, 07:40:30 AM

My speculation is positive about bitcoin in 2020 year, I would guess bitcoin would be double in 2020, also after 3 and half years ago 2020 year will be come, then it mean it is not far away. But i believe bitcoin would have price $6000 after 3 years. May be it more but i have surety that at least bitcoin would be cross at $6000.

yes that is right that in 2020 i am sure that bitcoin price will be trading more above than 6000$. because still there is really a good potential and its price will continue increasing from time time, therefore i think still there is good opportunity to invest money in bitcoin.

Basmic

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In fact, no one can predict the behavior of bitcoin over such a long period of time. We see that the Americans gradually began to pay attention to bitcoin as an enemy. This can lead to unpredictable consequences. The question is when will this war.

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It is interesting to speculate what would cause each scenario to come about

The scenario A would likely be a sort of a White Swan event, something which is too good to be true, but it still happens despite all odds and doesn't mean anything bad at that. I don't know what it could be, likely some major "real" exchange like the Chicago exchange (CME) listing Bitcoin futures and options after they are allowed in the US, and institutional investors start pouring their institutional money into Bitcoin. On the contrary, scenarios G and H represent Bitcoin biting the dust, for example, due to the split and the chain war ensuing soon thereafter. As to me, if the split doesn't happen (say, Jihan gets run over by the bus), scenarios from C to F are the likely outcomes (scenario B is closer to A), and it is hard to tell which one is more realistic since it would be just wild guessing

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Quote from: w@p on July 06, 2017, 05:37:46 AM

Update July 2017. So far scenario A+.
Can someone post the chart inline? (use permission issue since I am at newbie level)

Picture posted.
It will be interesting to see how things will turn out. It is going better then expected atm.

Oralmat

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My speculation is positive about bitcoin in 2020 year, I would guess bitcoin would be double in 2020, also after 3 and half years ago 2020 year will be come, then it mean it is not far away. But i believe bitcoin would have price $6000 after 3 years. May be it more but i have surety that at least bitcoin would be cross at $6000.

w@p

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Update July 2017. So far scenario A+.
Can someone post the chart inline? (use permission issue since I am at newbie level)

https://i.imgur.com/DYjeNOT.jpg

jubalix

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I think you graph is to compressed on the x, it makes it look artifically steep versus time that people are used to.

Any graph can be made to look steep in time -->0

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Quote from: Elcapsono on May 25, 2017, 04:20:49 PM

Quote from: 7jaka7 on May 25, 2017, 03:37:17 PM

Quote from: w@p on May 25, 2017, 03:21:41 PM

So far scenario A seems to be playing out, with a high of ± $2700 and correction to ± $2300. Things are moving quicker then expected though.

It's funny how accurate scenario A is Cheesy

This should be interesting, to compare.
But probably there will be big breakthrough when people will accept it (next financial crisis?).

I also think that the forecasts for a couple of thousand dollars for 2020 look very ridiculous. Already today the price for Bitcoin rises steadily enough and can soon reach $ 3000 within 5 or 6 months.

The results of the last week are so far off the chart in outperformance I think the models are flawed.

I think there might the factor not included in even the model A that those in power with some fore knowledge of pending events, the really big money in the world, are planning on not being left behind, for example a financial crisis.

This seems to be growing exponentially even with a correction here and there.

Elcapsono

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Quote from: 7jaka7 on May 25, 2017, 03:37:17 PM

Quote from: w@p on May 25, 2017, 03:21:41 PM

So far scenario A seems to be playing out, with a high of ± $2700 and correction to ± $2300. Things are moving quicker then expected though.

It's funny how accurate scenario A is Cheesy

This should be interesting, to compare.
But probably there will be big breakthrough when people will accept it (next financial crisis?).

I also think that the forecasts for a couple of thousand dollars for 2020 look very ridiculous. Already today the price for Bitcoin rises steadily enough and can soon reach $ 3000 within 5 or 6 months.

w@p

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A new financial crisis could definitely result in people rushing to Bitcoin as a save haven. That would push prices easily higher than current levels.

7jaka7

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Quote from: w@p on May 25, 2017, 03:21:41 PM

So far scenario A seems to be playing out, with a high of ± $2700 and correction to ± $2300. Things are moving quicker then expected though.

It's funny how accurate scenario A is Cheesy

This should be interesting, to compare.
But probably there will be big breakthrough when people will accept it (next financial crisis?).

w@p

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So far scenario A seems to be playing out, with a high of ± $2700 and correction to ± $2300. Things are moving quicker then expected though.

rajasumi3

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Well i would go for option A ,as the price of bitcoins have increased very much in the year 2017 in the month of may and we have seen that the japanese have started adopting bitcoins as a mode of currency and if other countries follow japan,then the price of bitcoins will reach the mars in the nearby soon.

Sakura_nakomoto

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For the last time a lot about pink from what the prices for Bitcoin will be in the near future. If you look at the trend of how the price has changed Over the past year and a half, the answer may be mixed, although if you look at it almost from the beginning of 2017 Until now, Bitcoin has grown literally 2 times.

cpfreeplz

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Quote from: JimboToronto on May 08, 2017, 12:13:13 PM

Don't expect a Gox-like meltdown. There are far more exchanges now and more and more trading is being done off-exchange.

That's exactly what people expect though. They expect another gox situation but don't realize that it's just way more mainstream than it was back then. It's by no means mainstream but it's not all relying on one exchange anymore. If an exchange goes down the tunes that doesn't mean every single person will be affected.

AngelSky

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Quote from: ViceOfBTC21 on May 08, 2017, 09:39:38 AM

I think of scenario C because of new users of Bitcoin and block halving. A and B are completely unrealistic and D and lower will be if Ethereum outsmart Bitcoin.

After bitcoin halving price starts increase from 500$ to 980$ in the chart. Till Christmas bitcoin price is fluctuate too much and settled around 1000$ and more. From February bitcoin price is starts rising and touched the peak value of bitcoin. Ehrerum or other alts will not do damn to bitcoin. It will be always top and grow continuously.

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Quote from: PokerFace3 on May 06, 2017, 01:19:41 PM

Quote from: cpfreeplz on May 06, 2017, 12:51:11 PM

Either C or D seems the most realistic. The problem is if an exchange gets hacked the main stream media will say bitcoin banks got hacked and all of the dumb sheep who don't understand bitcoins will sell them asap. More and more dumb people are investing now so expect to swings to be even bigger than in the past.

Why not scenario A ? You are just talking with respect to mtgox collapse, but you need to take consideration of contribution of mtgox at its time and how many exchanges we are having right now. When the one and only exchange found problems, it is obvious bitcoiners got panic and withdrawn their investments but in recent problems with bitfinex and regulations in cheese exchanges did not make big impacts into bitcoin prices.

I guess any negative news will not impact big when bitcoin will be having alternative solutions for everything. I mean including scalabilty issue so $10k+ by 2020 is inevitable.

You're seems to be certain of your prediction there mate. Inevitable is not the right term in terms of speculation, "possible" is much accepted.

As for the discussion, I would agree that C or D is much realistic with the chart predictions. I consider the whales around there that can easily make the price go down. Also for the "safety first" type of investors that always stays on the safe side that always sell their bitcoin if a possible drop in value will occur (and by drop I mean big drop). Though the demand is constantly and rapidly increasing, every prediction will count.

JimboToronto

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You're never too old to think young.

Given Bitcoin's history, from being worth a fraction of a penny, through dime parity, dollar parity, bubbling to $30, then $266, then $1100, and now $1600, and considering that we're still a long way from the s-curve of adoption going vertical, my guess is that A is closest to being reasonable.

B is the only other realistic scenario. All the others are unrealistically pessimistic considering current worldwide adoption.

Don't expect a Gox-like meltdown. There are far more exchanges now and more and more trading is being done off-exchange.

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