what will bitcoin be worth in 5 years {2020} ? - page 2.

IamHigh

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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.

HeRetiK

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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.

S3052

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It will hit 10000 BTC/usd rate Wink

Just buy and hold for future...

South Park

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I think by that time the price will double at least one more time so we will be looking at prices above 5000 and that are very close to 6000, it is impressive how fast things can chance in the world of cryptocurrencies, not long time ago the all time high of 1300 seemed to be impossible to reach and then it seems we are never going to see that price again.

Parsa1

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Big investors are buying and keeping BTC for long term. Every day many 1000 people from India and other places are buying small amount of BTC.
There will be only 21 mln btc available for the whole world ! If 10 mln people own 2 BTC each than no BTC left for the marked. So what do you think the price will be ? the price will be so high that if I tell you , you will laugh. Like wall street people laughed when I told them in 2011 that the price of BTC will be 70 USD soon. No one believed me. The price will be so much that you can not imagine now. if you have small children, buy 1 BTC for each than you will cover their Harvard expenses plus a house and still some mln Satooshi left. In future 1 Satoshi will be 1 USD. To own 1 BTC in future is luxury. No one call it Bitcoin but Satooshi. Yes you are right. 1 BTC will be 100 mln USD in 20 to 30 years time. We are in the beginning of BTC era.

creative~mind

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If Bitcoin go on a steady pace, I would say at least $ 10,000. But things change fast in the crypto space, and significant changes in the ecosystem would lead me to make a price correction.

wuvdoll

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Quote from: Duzter on June 07, 2017, 04:03:34 AM

By 2020 I expect as well predict the price will be sitting closer to $5000 or above $5000. The reason is that by 2018 a good price increase is expected as more and more Countries have been coming into digital currency development. Along with this by 2020 a halving takes place so sure a next price increase is assured. So the price reaching $5000 has got increased chance.

We are already about to hit $3000 in 2017 and in next 3 years you are expecting only $2000 growth. It means those remaining 40% growth will take three and half years ? I do not think so. by 2020 bitcoin must be having value in 5 digits. Yes, I am expecting price to reach some unimaginable levels in coming years. Like Paypal directors speculate bitcoin may reach even one million dollar levels too by the year 2020.

Bitcoinsummoner

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After block halving on 2020 we will see a large movement of the price and i think like other said $5,000 but i think more of that price that we can see after the block halving happen.. since the source of bitcoin or the block rewards was reduce the price will be change because of the demand and supply that can affect almost double the price of the present price or more.. this is just my own speculation..

richardsNY

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I strongly believe that the level of growth that we have experienced is for the major part due to the global demand that has increased. Another part, which is something that will always ties itself to Bitcoin, is the speculation aspect that at this point accounts for 10-20% of current levels. I am a firm believer of Bitcoin, and will continue holding the majority of my coins, while alongside that I try to do some occasional trading to benefit from the fluctuations.

Biggapp

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Quote from: Amine05 on June 07, 2017, 04:20:13 AM

Quote from: Duzter on June 07, 2017, 04:03:34 AM

By 2020 I expect as well predict the price will be sitting closer to $5000 or above $5000. The reason is that by 2018 a good price increase is expected as more and more Countries have been coming into digital currency development. Along with this by 2020 a halving takes place so sure a next price increase is assured. So the price reaching $5000 has got increased chance.

i hope see it above 5K usd dude

yes you are by the year 2020 bitcoin will be above 5k$ as looking at the increasing price of bitcoin in this year indicate that the price of bitcoin will be very high in the coming years and the acceptance of bitcoin by the some countries also stabilize the price of bitcoin, so in my opinion i think it will cross 7k or 8k $ in 2020.

Junko

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Well, in 5 years from this thread's OP, it will actually be the year 2022. Given the current rate and barring any yet unforseen negative news, negative technichal issues or other catastrophic events, my exhuberent amateur guess would be in the neightborhood of $10K. There will be the ineviteble corrections along the way, but in general, it seems to me that the upwards trend will continue.

As far as the bitcoin price in 2020, consider that the next halvening is estimated to occur sometime that summer. Also, the 2020 summer Olympics will be held in Japan and as we all know, bitcoin is now an accepted form of currency there. It can be expected bitcoin will be getting more publicity and coverage.

bering

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cryptocurrency is unique and the movement price is not just like traditional currency such as dollar because there is always a possibility to dropped or rise up at the same day with huge movement but regarding bitcoin if for next 3 years there will be more countries accept or admit bitcoin i think the price will hit between $5k-$10k or probably above

reflector

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Quote from: Duzter on June 07, 2017, 04:03:34 AM

By 2020 I expect as well predict the price will be sitting closer to $5000 or above $5000. The reason is that by 2018 a good price increase is expected as more and more Countries have been coming into digital currency development. Along with this by 2020 a halving takes place so sure a next price increase is assured. So the price reaching $5000 has got increased chance.

Among all this we will see the next bitcoin halving on the same year. Normally in the halving time price use to double in the chart and till continuous price pump hitting on the chart till the 2020. That time itself price will turned to 5000$. Later on that bitcoin value bump again and it will touch to 8000$ to 10000$ end of the 2020.

ivanst776

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In less than 3 years I expect the price to be triple and around 10k, it might sound big but with the current trending of bitcoin price and the increase flow it can be reached in the upcoming years.

Besides bitcoin I think that other currencies will have increase too and a lot of new coins will be "invented" and change the world.

Where was the crypto world and the community before 10 years? Compare with now and you can see how fast is growing bitcoin and the crypto world itself.

traderethereum

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Quote from: lionheart78 on June 07, 2017, 05:11:16 AM

I think Bitcoin price in 2020 will be at least $5k . One of the factor that Bitcoin would be at least that price, is the scheduled halving. Aside from that possibly more country will adopt bitcoins and the scaling issue wont be an issue anymore. There will be more bigger company involved in Bitcoin by that time since they got a sample from countries like Japan and Australia.

many people is want the price is increase until more than $5k but for up until that price, we need to waiting while we can make a profit for the price now. i think the price can increase so fast and we can see the price soon because for todays, there are many country that is interesting with bitcoin and they want to accepting bitcoin as the payment and we can waiting for this is really happen.

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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.

helpmywallet

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It's already super expensive to send a transactions $1+ to send small transactions is a bit much. We have to figure out a better way. An off-chain provider like Xapo has the right idea but I don't think they are the ones to fix the problem.

mol76

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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.

BlackPanda

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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.

Gotottack

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Quote from: bicork on June 07, 2017, 09:45:41 AM

Check what I found in Telegram

Daily average BTC price change:
2010: +0.82%
2011: +0.76%
2012: +0.26%
2013: +1.11%
2014: -0.25%
2015: +0.09%
2016: +0.22%
2017: +0.66%

If this 7-year trend will continue (+0.42% a day) - 1 BTC will hit $250,000 in 2020 году.

What an analysis. If that would be the case and bitcoins continue this path then 2020 would be a good year for me to retire from all of these and just carry my bitcoins till I use it all up or I die before I do.

Though at $250,000 that means a single satoshi would be worth 0.0025 USD. Which mean it would be super expensive to send a single transaction. Tongue

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