What is the long term outlook for bitcoin price, for 2020 and beyond? - page 2.

speem28

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Quote from: Captimiz on April 30, 2017, 12:52:26 PM

Will it increase exponentially, linearly, stay constant or crash?

There is a great possibility that it will increase exponentially, assuming and hoping for the best that other countries will start accepting and acknowledging bitcoin. If this will only happen, value of bitcoin will increase due to the public's demand for it.

Quote from: bitbunnny on April 30, 2017, 01:03:00 PM

maybe some new successful cryptocurrencies will appear too.

It's hard to say that there will rise a new cryptocurrencies that will go toe to toe with bitcoin. Being successful for such a long time is what makes bitcoin hard to compete as it is, unlike other crypto that were made in the past and just suddenly disappeared because of its flaws, bitcoin remained for years because of it's features.

icecube45

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Quote from: machinek20 on April 30, 2017, 06:57:44 PM

I think in 2020 we will see bitcoin in around 3000$ the growing rate of bitcoin is very good, if there are big event like etf acceptance and the scaling is cancelled then we will see the price rising over that number, I am optimistic that bitcoin will do well in the future and the price will be more valuable

Yes $ 3,000 in 2020 is possible, I believe bitcoin will be more popular and massively adopted so the price can achieve that. Just like you, I am also optimistic that prices will go well and become more valuable. If you look at the value of bitcoin, it usually tends to rise up over time, it proves that bitcoin is always in the positive trend. It is conceivable that the bitcoin price is now around $ 1,300. Investors will get multiple profits within 3 years, this will be amazing.

Japinat

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Quote from: Captimiz on April 30, 2017, 12:52:26 PM

Will it increase exponentially, linearly, stay constant or crash?

Trend does not work all the time, better monitor the market of bitcoin especially the developments so you can predict how the price will move and on how much value it can achieve that time. I have my own prediction and in 2020 I think the price will be around $3,000 to $5,000.

machinek20

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I think in 2020 we will see bitcoin in around 3000$ the growing rate of bitcoin is very good, if there are big event like etf acceptance and the scaling is cancelled then we will see the price rising over that number, I am optimistic that bitcoin will do well in the future and the price will be more valuable

BitcoinPanther

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Quote from: Captimiz on April 30, 2017, 12:52:26 PM

Will it increase exponentially, linearly, stay constant or crash?

If everything went perfectly, scalability issue fixed, etf's being approved and countries acknowledging bitcoin as money, then the only thing we can observe is an exponential growth since, adoption growth will be exponential. This will give a lot of demands from the people in different country. This is why one of the early investor of snapchat predicted that Bitcoin will be $500k a piece by 2030.

MingLee

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Quote from: Captimiz on April 30, 2017, 12:52:26 PM

Will it increase exponentially, linearly, stay constant or crash?

That's such a vague question with so many variables that can change in the near future that it's beyond difficult to even get close to having a decent answer for this question. Quantum computing may become a thing and this dramatically changes what we do with Bitcoin, we might get a large event that starts to push everyone towards or away from digital currencies, countries may start to introduce additional legislation, etc.
There is nothing we can really estimate even just a year out, let along 2 and a half years from now. I'll say that it'll do well in the future and we won't experience anything damaging for now.

FruitsBasket

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Quote from: odolvlobo on April 30, 2017, 03:33:00 PM

TO THE MOON!

or

CRASH!

Pick one.

I prefer to the moon, but before that happens I have to buy bitcoin in bulk

Like seriously, the bitcoin value depends on the market, if many people want in, but the holders are strong enough to hold, the price will go crazy. I hope we can see 2000 dollar by the end of his year.

Kyraishi

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The long term outlook on the bitcoin price in 2020 and more far away is pretty much dependant on which people you are going to ask.
The moods are really different along the cryptocurrency community, because there are many uncertain events which are causing some kind of a pressure on the market.

The whole situation about Segwit and possible hard-fork is making people nervous, what may be a reason of why bitcoin price has gotten more stable, and not so volatile. It is not going to rise so quick now probably, so all i can expect in 2020 is the price areas above 2000$, because the level of 2k dollars per bitcoin is going to be surely broken before the end of the 2020, in my opinion it is the most likely scenario for now.

odolvlobo

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TO THE MOON!

or

CRASH!

Pick one.

beerlover

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In a positive environment like there will be no regulations from government and bitcoin gets power to scale and etf gets approval (for example) then obviously we can expect increased demands to have exponential growth.

Fundamentally every halving will trigger exponential growth as supply rapidly decreasing regardless of whatever will be happening around bitcoin ecosystem.

AT101ET

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Anything can happen by then.
The price could skyrocket as difficulty continues to increase and each Bitcoin could reach 5 figures...
Or, something like a 51% attack could take place by then causing your BTC to be worthless...
The point is it can go either way. You can't predict that far into the future. Remember to invest what you can afford to lose and then when 2020 comes around you'll either be disappointed or able to buy a new car/home Cheesy

bitbunnny

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Don't bother yourself with so distant future. In the world of technologies this is very far away because changes are very fast and dynamic. Anything can happen with the Bitcoin too, the price could go up but also climb down, maybe some new successful cryptocurrencies will appear too. So, let's go one step at the time and focus on current Bitcoin issues.

Captimiz

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Will it increase exponentially, linearly, stay constant or crash?

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