Topic: What year will Bitcoin reach $250,000? - page 3. (Read 5028 times)

Millions is not impossible, I'm always a skeptic on just about every move Bitcoin makes but that target is possible because we are in a unique point in history.   If every government had zero debt, ran a balanced or budget in surplus not massive deficits.   If we had trade balance occuring or on trend towards balance not deficit then I would not agree with such a silly sounding target but massive inaccuracies are in the prices of many things and Bitcoin can alter dramatically.
   I still think BTC has to develop far more and be a simple 1 click type product for the millions who dont know and dont care especially about technology, they just want it to work for them.

i thought BTC had a high velocity and hence why its worth more then people imagine it could be.  Maybe I'm just thinking of the trades done on exchanges because I'd agree actual business and price agreed in open market matters more.  
   I think the rules for the market will eventually apply to all, we have a distortion presently that benefits Government treasury debt so that its nearly paying nothing towards those who support it.   At some point these dead weight assets will have to float in open markets and support themselves like every product eventually must with plain supply and demand, either they will sink or find a way to survive with alot more effort then present near 0% rate returns.    
 

When we are not computers, I know that even that would be difficult for any bot to even do that and any bot that is created to do that would be quite terrible at it. The market volatility is too high to give chances to knowing the straight movement of bitcoin, all any analyst or cryptocurrency believer would ever say is that they believe bitcoin will reach one big value in future like it has done in the past, but would never tell exactly when the value will touch a particular time.

I have understood bitcoin and it is because of its level of understanding that is making me believe that bitcoin may not really grow more than $100k, those who are calling millions for it knows that it is impossible, they are just here to create hype because of their own present investment in it.

That's an assumption that's floated all the time around here, but I doubt it's correct. It doesn't account for Bitcoin's low velocity of money and lack of ask side liquidity. The rules that apply to fiat money and gold don't apply to Bitcoin, where so much of the supply is hoarded and lost.

Applying market capitalization logic to BTC is one of the ways early adopters will fool themselves into selling too early.

It’s great that the author of the topic does not even doubt that the price of BTC will rise to $250,000, he only inquired about the opinions of other people about when exactly this will happen. In fact, it’s nice that there are many people who are positive about the rise in the price of BTC. I hope that the price will reach this mark, but I see how much the governments of different countries are resisting strongly, so I think it is unlikely that the price will rise much in the next few years.

In order for the price of Bitcoin to rise to $250,000, it is necessary that 20 times more money is poured into Bitcoin than now. I think this is real, but only after a couple of years, when Bitcoin gets more widespread, ETF will be adopted and other positive factors will be present. I expect such a price around 2024, but I hope that this will happen sooner.

Bitcoin reaching 250k involves far wider adoption and also the decline of the Dollar Index vs alternatives such as BTC but also likely other rival FIAT currency.      So Dollar Index long term and I would also argue the 10 Year Bond rate is probably relevant as that relates to the trade balance which is helped by the debt stored and the price of that debt which is into many trillions.
    To get 250k I think we are talking about those trillions altering their placement in where they are currently allocated, in theory we got to bring in alot of factors but the simple take is the price reversal on a few big assets has to occur for BTC to also be gaining in this way both value and nominally.

Or the opposite view, but at least it gives a time frame of about 4 years :

I can't give any predication now but I am very positive that this price will surely come.
We may predict the year 2025 or above and it might come sooner or sudden.
The price of Bitcoin is the most unpredictable price and its gives back what the investors gives in which is either dump or pumps.

The price of Bitcoin right now is too far from it so I am guessing maybe about 2028+.
When the whole supply is already mined and circulating in the market the price could provably boost up,
Who knows how much it could go up at that time but I am hoping by 2024+ we could see it hit around $100K+.

This price was too expensive for bitcoin by the time it reaches on that value. Possibly more than a decade it would happen, but for now let's just make it as an inspiration for our trading. Definitely we can't say a final words about it, so always stay positive as long as bitcoin kepts on growing.

In my opinion 2025 will be a great year for cryptocurrency but I'm not sure if the price of bitcoin will become as expensive as $250k. We grow a lot every year despite of the dump since many countries and many good project are already working to give good services for all crypto users. Many are still bullish about the price of bitcoin, I listen to those who made a good insight about bitcoin because I know its going to happen in the future.

Never say never, it can happen at no specific time hoping for that and of course stay on track to monitor bitcoin.

I do not think that bitcoin will ever be able to reach a price of $ 250,000. There are many economic factors that will always hinder this. First of all, this applies even to ordinary supply and demand. First of all, the holders of bitcoin themselves will prevent this. If it begins to grow rapidly in price, many will want to fix their profits and will sell them. Therefore, the price will fall.
It is also necessary to take into account the psychological factor. From time to time, negative news will necessarily occur, and if at this time Bitcoin has a high price, a certain degree of panic will also arise. As soon as doubt arises, according to the domino principle, it will grow rapidly, because no one will want to lose such a lot of money. In this regard, the price will inevitably fall again. We do not live in an ideal society and this must always be remembered.

Wait, what? Isn't it too early to say that? If you consider the price today there's no way that bitcoin could reach that amount in such a short span of time. Maybe another decade would be needed in order to see a price of $250,000 in the future.

I can't really say when it's really gonna happen but i believe it'll take some time for it to happen. now that Bitcoin is trying to gain its ground in the 10,000s I believe another run and correction will eventually kead to us going into the 100,000s  So let's wait a while and see what the future holds.

250k is enormous. But my gut says 2021.

I see in the linked vote about @10k I voted 2017 

I voted for the year 2021, because i think that another explosion can happen in the crypto world just like when Bitcoin was at 20k. I remember people saying that Bitcoin was not worth investing. I am sure that they regret it now.

if next year the price ends at $35000

2021 finish at $55000

2022 finish at $75000

2023 finish at $100,000

2024 finish at $120,000

2025 finish at $160,000

2026 finish at $190,000

has a chance that after 2030 the price will reach $250,000

It is hard to say what year bitcoin can reach that price as we don't have any right information, we don't know if in the next 2 years bitcoin will hit that price or not. Everything we say will be a prediction, and we still don't know if that will happen or not because bitcoin can increase to that price any time. But maybe my wild imagination will predict that the price will reach $250,000 in the next 2 years or less than 2 years, but I don't have any direction why I say that. It's only my imagination, and I know that it is hard to believe that and I think it is better to wait and see because that is what we can do right now.

If the price can hit until that number in less than 2 years, then we will be the richest people from cryptocurrency, and I am sure that in time, the public will see and they will compete to join in the bitcoin and cryptocurrency. But I cannot think about what will happen if bitcoin is at that price.

it's probably about 9 years from now, and that's certainly possible. if the price of bitcoin can reach $ 250000 by 2028, I feel that the price of bitcoin should reach $ 100000 by 2023 or 2024. well, that's still a wild prediction that I made. however, I just feel that it takes quite a long time and also a positive trend to reach that price.

I'm also making a prediction, thinking it'll take till 2028. Surely it still needs one, two or even three block halving until such a price is possible, that's why my estimate is 2028.
It would be nice if this price is reached before, but whether it will really happen is hard to say. 

Yeah same as you h think in 2022 price of bitcoin  will reach this high as time going on people are accepting the reality of crypto and they are investing high amount of their savings in it. Bitcoin has volatile nature so we only should buy at low and sell at high price but till then we will have to wait and hold almost till 2022.