what will bitcoin be worth in 5 years {2020} ?

Pfizer

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Quote from: jk_14 on July 23, 2017, 03:26:20 AM

Quote from: ethereumhunter on July 23, 2017, 03:21:44 AM

Quote from: Obito on July 23, 2017, 01:41:48 AM

Quote from: BlackPanda on June 07, 2017, 10:05:08 AM

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.

Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.

Don't forget to invest in a Trezor or something similar. There are so many people who have lost access to their coins due to a lack of foresight regarding security and storage. Those people are also contributing to an increase in price, since they lower the amount of Bitcoins in circulation. Tongue

After sewit and bip91 preparations, I changed my mind and I started to expect over $15.000 for bitcoin price by 2020. The reason is we also have block decline in 2020.

reflector

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Quote from: taxmanmt5 on July 23, 2017, 08:21:19 AM

You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.

I do not know which will be higher in cost or fame wise. I wish bitcoin to be 10000$ in 2020 and want all the people should about bitcoin and its potential to rid off from my Government's unwanted taxes by corrupted people.
If Eth has been increased than bitcoin we cannot our coins anonymously, All has been recordered by the corporates who owns ETHs copyrights.

Reid

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$500 increase is enough for me.
Maybe a 4k dollars will be a good number quesions from the UN or strong countries who wants to take it down.
A silent and slow increase will not be seen much.
I do want the moon but we have to be realistic and take the slower route to avoid being deleted in the face of the earth.

JohnBitCo

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Quote from: taxmanmt5 on July 23, 2017, 08:21:19 AM

You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.

So near the end the price is going to jump even higher, right after the end of the supply is going to jump even higher and probably have a good hard rise after that for at least a year at that point the novelty may have worn off and you might actually see some plateauing.

taxmanmt5

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You're probably looking at about $8,000 in the year 2020. That is simply because of the steady rise of the price of Bitcoin and there's nothing that's ever going to stop that until we reach the end of the supply. At that point it's still not going to stop because the closer and closer you get to the end then you have a dwindling Supply which creates a rising demand.

ekoice

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By 2020,bitcoin price may cross $5000.The main reason for it would be most countries would have legalized bitcoins by that time and mass adoption of bitcoins would take place in the upcoming years.We might be able to buy products in most of online stores and offline stores as well by that time with bitcoins.Considerable volume of people would have changed from investing in gold to bitcoins by that time.

jk_14

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Quote from: ethereumhunter on July 23, 2017, 03:21:44 AM

Quote from: Obito on July 23, 2017, 01:41:48 AM

Quote from: BlackPanda on June 07, 2017, 10:05:08 AM

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.

Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.

Don't forget to invest in a Trezor or something similar. There are so many people who have lost access to their coins due to a lack of foresight regarding security and storage. Those people are also contributing to an increase in price, since they lower the amount of Bitcoins in circulation. Tongue

ethereumhunter

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Quote from: Obito on July 23, 2017, 01:41:48 AM

Quote from: BlackPanda on June 07, 2017, 10:05:08 AM

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.

Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

although it is too far from now, i think if people will use bitcoin more than now, i am sure that bitcoin will be worth in 5 years from now and we can make big profit because we can keep our bitcoin until that time. i really want to see the price is increase until more than $5000 and i will be glad if in that time, i can have more than more than 15 bitcoin in my wallet.

jk_14

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Quote from: Torque on June 07, 2017, 11:09:50 AM

Quote from: mol76 on June 07, 2017, 10:11:27 AM

If Bitcoin becomes a kind of digital gold, not for small transactions, but as storage of value, the price can reach as high as $ 10,000 or more.

Bitcoiners don't want to admit it, but it's primary use has been exactly that for years now. No one is out there buying hundreds of thousands of $$$ in bitcoin just so they can have unlimited number of coffee purchases in the future.

It wouldn't even matter if transaction fees came back down to $0. People still won't be buying coffees and croissants with bitcoin. Too much work, easier to use fiat debit cards, esp. when the fiat purchasing value is falling virtually every day. Why would I want to waste my bitcoin on a cup of coffee when I have fiat?

Again, the community can be ridiculously disingenuous to what is actually happening with Bitcoin now and in the future.

If fees come down and cards like Tenx or Monaco pop off, then yes, people will very well be paying everything with Bitcoin. In fact, I will be making all of my next travel expenses via those cards since it's easier than loading up a prepaid fiat credit card in my country, where regular credit cards are never really used.

shashko

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I hope it will hit 5k$ because a lot of countries are joining the Cryptocurrency and investing in it

Obito

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Quote from: BlackPanda on June 07, 2017, 10:05:08 AM

The year 2020 is still too long in my opinion. Anything can happen in that year, with the current increase going I might say that bitcoin prices could reach 5000 $. With a more extreme increase may reach 6000 $ to 7000 $. Everything can happen to bitcoin.

Very true, it is tough for us to predict on what will be the price upon the year of 2020. I mean bitcoin's price is volatile so we don't know whether it is increase or decrease. Besides 2020 is too far from now so there's alot of might happen before we arrives on 2020.

Herbert2020

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it is still hard to give a certain opinion about bitcoin's future in the long term. even with the scaling debate coming to a conclusion and end.
we can see the growth, the adoption and the price rise that is the effect of these but what future holds is still unpredictable. it is safe to assume that the growth and adoption will continue this way and increase. as a result the price will also rise and then like a circle it will increase the adoption and so on.
by how much, we can not tell. we may see $50K, or we may see $10K

Question123

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Maybe the price of bitcoin in the year of 2020 will be 10k dollars because as of now the price of bitcoin is 2500 plus and I believe the price before end of this year 2017 will be 5000 dollars so 10k dollars is very possible to happen . Many people for sure buy bitcoin in the next years so the price will increase. For sure many people want to see bitcoin price at 10k or more and for sure if that happen many people become instant millionaire.

fabiorem

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A best question would be: what will satoshis be worth in 50 years?

There's eight zeros in bitcoin. If one satoshi would be one dollar, one bitcoin will be 100 million dollars.

That's I think is for 50 years.

I think in three years one bitcoin will be around 50k.

ultrloa

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Quote from: iqlimasyadiqa on July 22, 2017, 08:49:57 PM

Quote from: AK47- on July 22, 2017, 08:38:51 PM

According to some experts we will hit 6 figure price in 5 years. It is definitely hard to digest. But after looking at countries making bitcoin legal one after the other. It might be true. When government officially announces of making something legal. It makes people of that country trust that and make it more popular. Thus, the increase in demand. I see an exponential growth in demand in next 5 years. Indeed not easy to speculate. But we will definitely see an unexpected but a high price.

Bitcoin always offers us unexpected things, maybe a few years ago we all did not expect that bitcoin prices would reach like this.
Then we can now speculate that bitcoin prices will increase very significantly in the next 5 years.

I never though before for the price reaching for this currrent rate and maybe we cannot expect on those one would be happen since maybe one day bitcoin would surprise us for the price would reach for 10k $ or evenmore, But let's expect less for that to come up and should not focus on this all the time since their are other coin who can give us more potential profits so better to watch various crypto's alive.

DrGuns4Hands

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Expect the unexpected as I always say. Bitcoin offers a lot of worth the value. Even tho the price is decreasing nor increasing it just so happen but as a user I'm used to it in many times. Tho it's not in 5yrs or estimated years, bitcoin is well assured worthy. Just hold it and keep using it.

iqlimasyadiqa

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Quote from: AK47- on July 22, 2017, 08:38:51 PM

According to some experts we will hit 6 figure price in 5 years. It is definitely hard to digest. But after looking at countries making bitcoin legal one after the other. It might be true. When government officially announces of making something legal. It makes people of that country trust that and make it more popular. Thus, the increase in demand. I see an exponential growth in demand in next 5 years. Indeed not easy to speculate. But we will definitely see an unexpected but a high price.

Bitcoin always offers us unexpected things, maybe a few years ago we all did not expect that bitcoin prices would reach like this.
Then we can now speculate that bitcoin prices will increase very significantly in the next 5 years.

AK47-

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According to some experts Bitcoin will hit 6 figure price in 5 years. It is definitely hard to digest. But after looking at countries making bitcoin legal one after the other. It might be true. When government officially announces of making something legal. It makes people of that country trust that and make it more popular. Thus, the increase in demand. I see an exponential growth in demand in next 5 years. Indeed not easy to speculate. But we will definitely see an unexpected but a high price.

Golftech

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Quote from: HeRetiK on July 22, 2017, 07:35:30 PM

Quote from: IamHigh on July 22, 2017, 06:32:35 PM

Quote from: HeRetiK on July 22, 2017, 05:30:11 PM

4k, but only because we'll be in a bear market after whatever ATH 2017 still holds in store. Things will get really crazy in 2021 when the 2020 halving makes itself felt.

So do you believe it could be very similar to 2016 block halving? I mean the results? Remember that bitcoin was $500-600 around 2016 block halving. After that we moved to $1,000 very fast on january 2017. Then we could even come to $2,900 easily 5-6 months later on.

My assumption is that the market pressure of block halvings takes about 4-8 months to make itself felt. The block halving of late Nov 2012 started to really show in Mar 2013, the block halving of Jul 2016 started showing in Jan 2017, the block halving of 2020 will probably not show until 2021. It's definitely not the only factor, but it would make sense that the cyclical shift of supply / demand gives the market the final "push" whenever it's ready for a growth phase.

i did seen that as we all expect that july 2016 we will see the big move but didn't happen until jan or feb of 2017 we really seen the big rise now
if the assessment was right we will see it again after 2017 and we will gonna expect much bigger just can't figure it out yet if how much but if
everything went to its direction it can be bigger than we think.

HeRetiK

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Quote from: IamHigh on July 22, 2017, 06:32:35 PM

Quote from: HeRetiK on July 22, 2017, 05:30:11 PM

4k, but only because we'll be in a bear market after whatever ATH 2017 still holds in store. Things will get really crazy in 2021 when the 2020 halving makes itself felt.

So do you believe it could be very similar to 2016 block halving? I mean the results? Remember that bitcoin was $500-600 around 2016 block halving. After that we moved to $1,000 very fast on january 2017. Then we could even come to $2,900 easily 5-6 months later on.

My assumption is that the market pressure of block halvings takes about 4-8 months to make itself felt. The block halving of late Nov 2012 started to really show in Mar 2013, the block halving of Jul 2016 started showing in Jan 2017, the block halving of 2020 will probably not show until 2021. It's definitely not the only factor, but it would make sense that the cyclical shift of supply / demand gives the market the final "push" whenever it's ready for a growth phase.

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