What year will Bitcoin reach $250,000?

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Quote from: The Sceptical Chymist on October 08, 2019, 12:11:45 PM

Quote from: CarnagexD on October 08, 2019, 10:46:38 AM

I just voted 2022 and I do know if that year we will see the price of bitcoin reach the 250,000$.

Eh, I think that's way too soon. That's a 300X gain in price if my math is right (lol), and that's only 3 years away. Increasing 100X every year would mean bitcoin would be in a bubble IMO. I don't want that, because it would probably crash hard.

Yeah, I really, really can't understand how people can get so unrealistic. Yes, Bitcoin went from 1k to 20k but that was one super bull year, and there was every reason to believe that the sheer velocity of that year would result in just as harsh a pullback. That pullback happened, but it was nowhere as harsh as it should have been for a return of the cycle in 2020 (the earliest I expected it).

Thanks to that, because we didn't suffer enough pain, and because we actually experienced a rally this year, the 20x of ATH is yet again delayed.

That's my... uneducated, only slightly nuanced take.

P.S. Dude your math is so not right =p. 8 to 250 is roughly 30 times =p

The Sceptical Chymist

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I chose 2030 because that was the last year available. Having said that, I've been very, very wrong with price predictions before and I expect to be wrong again and again. But think about how much bitcoin would have to grow in order to achieve a quarter of a million dollars in value. If that happened at any point before 2030 I don't think it would be sustainable--unless we had some serious inflation going on.

Right now I would be ecstatic if we got back to the previous ATH. Bitcoin is having a hard time finding a direction to move in, though.

Quote from: CarnagexD on October 08, 2019, 10:46:38 AM

I just voted 2022 and I do know if that year we will see the price of bitcoin reach the 250,000$.

Eh, I think that's way too soon. That's a 300X gain in price if my math is right (lol), and that's only 3 years away. Increasing 100X every year would mean bitcoin would be in a bubble IMO. I don't want that, because it would probably crash hard.

Pab

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Pure speculation but i think next halving time.I am not sure will be that high but i think price can be above 100K
I think US dollar will lose his dominance US economy will have very hard time because of that so that time both gold and bitcoin can have very strong bull run.Sell dollar buy bitcoin can be next hashtag of that time

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250,000$ is not possible to reach especially if the cryptocurrency that we talking about was bitcoin. I just voted 2022 and I do know if that year we will see the price of bitcoin reach the 250,000$. But, for now we should push the price of bitcoin to 10000$ so when we enter the year 2020 we could have a good start in the price of bitcoin unlike in the year 2019 where we enter that year we can experience decreasing price of bitcoin. Even the price of bitcoin still too far on that price I still believing somewhere in the future it will hit that price.

Arsenyo

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I would say never. We can hardly expect returning to previous peak when it was 20k. Now there are too many governmental restrictions, decreasing interest in ICO's, lack of investors. So, I wouldn't even dream about $250,000.

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Quote from: Rune on September 30, 2019, 09:43:20 PM

250k could be never it could bee in a year it could be in 5 years after the follow up halving all are pretty good guesses id go with the 2024 halving. if it is happening at all.

the price of $ 250k is still very difficult to imagine for now. I didn't know how rich bitcoin users would become at that time, because that was a really high price. so far, I think that the high price that bitcoin can achieve is $ 20,000, or thereabouts. As for the price of bitcoin can reach $ 250k, it will probably happen in the year 202x, or even longer than that. however, we can predict that when looking at the price of bitcoin that can be achieved in 2019-2020.Tthat is what I think.

Rune

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250k could be never it could bee in a year it could be in 5 years after the follow up halving all are pretty good guesses id go with the 2024 halving. if it is happening at all.

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Quote from: bitbunnny on August 31, 2019, 12:17:35 PM

It surprised me that you didn't put the question if but when. What makes you so sure that Bitcoin will reach 250000$?
Having in mind volatility and all factors that influence the price and market it's very hard to tell how the price will develope long term and to my opinion this is exaggerated value.

Because if you take the time to see the fundamentals of bitcoin it is not really difficult to understand that bitcoin is by far the best form of money currently in the world, so it is not really a matter of if it is a matter of when it will happen, and while I do not have the answer to that I do know one thing and that is that no matter what happens at that time I'm still going to be holding my bitcoin because it is likely that at that point fiat currencies will be facing a crisis and there will be no point in converting your bitcoin to fiat.

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Quote from: Bitcoininvestment on September 19, 2019, 01:13:05 PM

Maybe it will hit the price of $250,000 or more in next couple of years. And, I can't say any exact years cause it is so unpredictable and the value of bitcoin are still too far in the price of $250,000. But, for now keep on earning bitcoin and let see if bitcoin will truly hit that price.

That's the mindset however I do believe that bitcoin is kinda predictable due to the halvings.

Bitcoininvestment

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Maybe it will hit the price of $250,000 or more in next couple of years. And, I can't say any exact years cause it is so unpredictable and the value of bitcoin are still too far in the price of $250,000. But, for now keep on earning bitcoin and let see if bitcoin will truly hit that price.

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Quote from: Wilhelm on September 17, 2019, 12:51:50 PM

If everyone hodls you will need to pay high enough for someone to say "OK here you go". That could make bitcoin theoretically go up to $1M without any transactions or money put in.

That would be so awesome, but I think we'll need to go through a LOT of churning before btc is held by enough strong hands of that caliber.

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Quote from: beerlover on September 17, 2019, 10:57:15 AM

Quote from: soxxx on September 16, 2019, 09:19:33 PM

Quote from: andreibi on September 16, 2019, 02:25:25 PM

I'm with Tim Draper on this one. He said $250,000 per BTC will happen in 2022. He was hedging his bets weeks ago by saying it could be around December 2022. And now just recently he said he believes $250,000 is actually a conservative estimate.

Tim draper also predicted in 2014, that Bitcoin would hit $10,000 in 2017, as we know now, he was correct.

Hopefully he is correct again.

This time he may not be correct, just because he was right once doesn't mean he will be right at all his guess.

2022 is just too soon man, $250k is really high number and people are not realizing that a 10% increase in $10k to $11k is not same as $200k going to $220k, we are talking about billions of dollars of money going straight from someones bank account to some exchanges to purchase bitcoin, that is not gonna happen that easily, surely when we become more global and all rich all around the world start to buy bitcoin like crazy we may end up seeing something like that but do you really think that in 3 years there will be billionaires all around to world trying to get more bitcoins? Or MILLIONS of people putting up hundreds of dollars everyday?

I doubt that is gonna happen in 3 years, it will probably take longer.

Marketcap calculations again Roll Eyes

$250k is not big and the price can go up out of scarsity alone (which is built in to bitcoin). If everyone hodls you will need to pay high enough for someone to say "OK here you go". That could make bitcoin theoretically go up to $1M without any transactions or money put in.

Then you have the greed of the masses and they will put in shitloads of money (and get burnt).

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Quote from: soxxx on September 16, 2019, 09:19:33 PM

Quote from: andreibi on September 16, 2019, 02:25:25 PM

I'm with Tim Draper on this one. He said $250,000 per BTC will happen in 2022. He was hedging his bets weeks ago by saying it could be around December 2022. And now just recently he said he believes $250,000 is actually a conservative estimate.

Tim draper also predicted in 2014, that Bitcoin would hit $10,000 in 2017, as we know now, he was correct.

Hopefully he is correct again.

This time he may not be correct, just because he was right once doesn't mean he will be right at all his guess.

2022 is just too soon man, $250k is really high number and people are not realizing that a 10% increase in $10k to $11k is not same as $200k going to $220k, we are talking about billions of dollars of money going straight from someones bank account to some exchanges to purchase bitcoin, that is not gonna happen that easily, surely when we become more global and all rich all around the world start to buy bitcoin like crazy we may end up seeing something like that but do you really think that in 3 years there will be billionaires all around to world trying to get more bitcoins? Or MILLIONS of people putting up hundreds of dollars everyday?

I doubt that is gonna happen in 3 years, it will probably take longer.

soxxx

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Quote from: andreibi on September 16, 2019, 02:25:25 PM

I'm with Tim Draper on this one. He said $250,000 per BTC will happen in 2022. He was hedging his bets weeks ago by saying it could be around December 2022. And now just recently he said he believes $250,000 is actually a conservative estimate.

Tim draper also predicted in 2014, that Bitcoin would hit $10,000 in 2017, as we know now, he was correct.

Hopefully he is correct again.

andreibi

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I'm with Tim Draper on this one. He said $250,000 per BTC will happen in 2022. He was hedging his bets weeks ago by saying it could be around December 2022. And now just recently he said he believes $250,000 is actually a conservative estimate.

redsun114

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It is insane to think that the same jumps could happen when the price is this much, you guys have no idea how much is required to go from 100 dollars to 1000 dollars in price and 10000 dollars to 100000 dollars, there is a HUGE difference in money required to do that.

Yes, it has moved 200%+ before and it could definitely happen again but those 1000%+ increases are no longer feasible for us anymore, not because the price wouldn't want to go there but because buyers would have to spend tens of billions of dollars instead of just couple billion and sometimes not even that much.

For us to go from 10k to 20k there is 10+ billion dollars needed, now that is just x2 to 20k, considering you are saying 80k to 360k that is literally impossible to happen quickly, we need years for that to happen.

Wilhelm

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Quote from: Wilhelm on September 13, 2019, 06:05:14 AM

Quote from: exstasie on September 12, 2019, 03:31:55 PM

Quote from: Wilhelm on September 12, 2019, 01:59:00 PM

If you look at the jumps Bitcoin makes percentage wise then 500%-2000% is realistic for the next jump.
So that's $80k to $360k.... If we have a bad jump we will have $80k...
Also the halving basically guaranteed $38k....
$25k is unrealistically low and is highly unlikely. To me your math don't add up.

That's my opinion as well, but it all depends what theory of markets you cater to. Not everyone expects past performance to guarantee future results. In Elliott Wave theory, Wave 3 is usually the strongest, and Wave 5 tends towards certain fib extension levels. That's why xxxx123abcxxxx is only expecting $30K or so, or really anything beyond the 2017 high. He's been spot on with his last few calls, so maybe there's something to it.

I can follow the reasoning in this too. But $20k is just too low...

Without Altcoins, Bitcoin loses its liquidity. The Altcoin market separately must have a capitalization of at least 200 billion dollars. Then Bitcoin will be more than 20 000 dollars.

Without alt coins all money would flow into bitcoin IMHO. I do not see how alt coins affect bitcoin? Most altcoins follow bitcoin not the other way around.

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Quote from: BUK2016 on September 14, 2019, 02:32:08 PM

Did we even need to know the particular year that Bitcoin will reach $250,000 if it will ever reach such an amount in time to come? If you want safe your till when its value will reach such an amount then just be saving it because one cannot tell when exactly it will reach such an amount.

The only time that many analyst has speculated that bitcoin will reach such amount is when the supply of bitcoin is at least 96 percent gone, by that time, bitcoin would have been getting so scarce and miners finding it too difficult to mine, while many people will be hoarding their coin, and by that time also, adoption rate would have been high and the usage of bitcoin would have been for utility purpose and not just the way we are holding it for investment alone.

We might be looking at the space of 10 years’ time before that can happen, and I hope that we will be patient to be able to see that happen, if many of us would not have even sold all our coin then by the time we see bitcoin reach $30000, because it would really take a strong believer of bitcoin to see that value.

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Quote from: soxxx on August 31, 2019, 11:35:19 AM

This post from 2013 inspired me to make this poll.

https://bitcointalksearch.org/topic/poll-what-year-will-bitcoin-reach-10000-328685

in 2030, unless banned.
Or another ideal currency will not come in its place.
Now it’s not clear what is happening with the course, as I understand it, many people still want to buy Bitcoin before raising the rate.

BUK2016

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Did we even need to know the particular year that Bitcoin will reach $250,000 if it will ever reach such an amount in time to come? If you want safe your till when its value will reach such an amount then just be saving it because one cannot tell when exactly it will reach such an amount.

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