The price of bitcoin on halving day 2020 - page 3.

mk4

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

This depends on alot of things. Would the world adapt by then? What would happen on the end of july's BIP148? Would bitcoin be 'banned' in some countries? Completely depends on alot of things.

Personally though, if everything goes well, probably more than $10,000.

jc89

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

The price would be half the price of bitcoin on 2020, obviously.

Based from my crystal ball, the price of Bitcoin at the Bitcoin halving day would be around 12,000 USD. My crystal ball is a little blurry but that's the number I saw inside. That is based from doubling the Bitcoin's price every year. It's worth a shot to predict Grin

I think this thread belongs to the Speculation Board, am I right?

FasTroy

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Quote from: erickkyut on June 11, 2017, 09:15:13 AM

In my own opinion, the price of Bitcoin will increase multiple times after the halving on 2020 because if the difficulty of mining and the countries that started to adapt it. Due to the adaptation, the demand of bitcoin increase which will lead to a price increase due to limited supplies.

You are right, I think after the halving bitcoin will increase too much, Maybe the price before 2020 increase and cross 5000$ which it's too possible, because many country may started to adapt it soon. So more people use bitcoin more bitcoin will be more powerful.

erickkyut

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In my own opinion, the price of Bitcoin will increase multiple times after the halving on 2020 because if the difficulty of mining and the countries that started to adapt it. Due to the adaptation, the demand of bitcoin increase which will lead to a price increase due to limited supplies.

izanagi narukami

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Bitcoin value will increase up to 4x from current value based on past experience.
Many country start to implement bitcoin so there will be a lot of demand for bitcoin will be main reason why this can happen.

Bitcoin is unique currency so it has unique way to grow ( in unexpected way )

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Quote from: V1saya on June 11, 2017, 08:50:50 AM

Quote from: Eric Cartman on June 11, 2017, 08:40:41 AM

Still some long time and lots of things may happen until the time.

I'm more worried because of August

Yep. I think I will be shifting to full alts before July ends.

lol, you mean full altcoin adoption is going to happen in less than a month! and which altcoin would that be? everyone supports a different altcoin if push comes to shove!

there are many people who will tell you ripple is the coin to replace bitcoin.
there used to be a lot of them saying Dash is the coin to replace bitcoin.
there are so much more saying old coins such as litecoin will do it.
there are even irrational people who will tell you ethereum is the one!

and the funny part is not a single person in any of these groups has ever spend a single coin of any of these altcoins they keep advertising. the only transactions they ever made was from exchanges to their JAXX or other web wallets and back to exchange.

V1saya

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Quote from: Eric Cartman on June 11, 2017, 08:40:41 AM

Still some long time and lots of things may happen until the time.

I'm more worried because of August

Yep. I think I will be shifting to full alts before July ends.

Anyways regarding op, 2020 is still far. I agree with $10,000 providing no big issues and problems occur. Or else the alts party will eat bitcoin and some might surpass.

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Still some long time and lots of things may happen until the time.

I'm more worried because of August

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I'm going to say $10,000 at the next halving, no technical anslysis here, just a hunch.

MahaRamana

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Quote from: takamouri on June 11, 2017, 07:55:11 AM

50000 usd

It will depend on how much money flows in alternative cryptocurrencies. Assuming that Bitcoin's marketshare falls from current 45% to about 25% by 2020 and assuming that the total cryptocurrency asset class grows from 110 billion to about 50 trillion by 2020, I would estimate the market cap of BTC to reach 12.5 trillion by 2020. If the number of BTC by that time is 18 million, the value of one BTC would be around 700.000 usd.

This assumes that the USD maintains a reasonable rate of inflation against basic goods. If the whole financial and monetary system implodes under the weight of the global debt, then BTC would obviously go much higher in USD terms. In real terms, we can anticipate that, following the halving of 2020, the value of one BTC will be that of a very comfortable 3 bedrooms house.

If the marketshare of BTC falls to only 10%, then we would be closer to a value per BTC of 300.000 usd in current usd value.

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Satoshi said in the future, bitcoin could either have very high tracsaction or none at all. The same can be said about this topic. It is either very high or nothing at all. If all problems are solved, it could be used easily without high fees then the price can reach tens of thousands. Otherwise, nada.

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

Add one zero after 2020 that is $20,200 per bitcoin by next halving. I am quite optimistic regarding market trend we have right now. It is quite bullish and stronger than before. FUDs regarding hard fork or any other things can't have same level of psychological effect on traders these days like in past.

Kprawn

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In a perfect environment without major scams & hacks or government interference and at this trend we might see between $5000+/BTC to $8000/BTC

A lot can still go wrong, but we are seeing more growth than we have seen before in many countries at once. I think we will get some strong competition

from some hyped up Alt coins, but that bubble will definitely burst soon... then those investors will flee back to safe heavens like Bitcoin. Grin

anheqiaobei

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Wait and see！
Wait until $10,000！ Grin

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

I think by this time bitcoin will be no less than $ 10,000, if there is no global trouble that will weaken it.

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50000 usd

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

This is very difficult to predict, given the rising bitcoin price of the past years, but we also do not know what bitcoin price in the coming year. Is it up or down? Let's wait and see

Red-Apple

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each year bitcoin price is rising at least 150% and this year we will see a much bigger rise because the mainstream adoption was ignited by Japan and that is like a rocket fuel!
so if we expect at least 200% rise each year in ~4 years we can see a 800% rise to $22000 but also as price goes higher and attracts more investors since the room for change is bigger the rise becomes a bit smaller so we can expect a price above $10,000 for sure if the current route bitcoin is on does not change in the future.

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

It is difficult to predict the future price of bitcoin, but with what is happening now, I think its value will increase dramatically. But the important thing is its existence.

btvGainer

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Quote from: sumit513 on June 11, 2017, 06:03:06 AM

What do you think the price of bitcoin would be on halving day 2020?

I hope it will be $10k and given how the price has seen the surge in recent days, it should not surprise anyone to see this price.

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