Topic: What's next for Bitcoin? $1M, $60K or $1K? (Read 114 times)

the thing that bitcoin cash advertisers intentionally forget to tell you is that despite them increasing the block size, the size is still limited! how long do you think it will take for BCH blocks to be full if it replaced bitcoin today? or nearly full and the spam attack starts? the sales pitch saying "cheap and fast" is because 95% of the blocks are not exceeding 200 kB while bitcoin blocks are 99.99% at >1000 kB

increasing the block size alone is not a solution.


it is hard to say. to be honest i do expect some down time although the market sometimes shows all signs of wanting to continue the rally.
but if the downtime happens we may see at least $40,000 by the end of the year. but if we can get over this current backlog and do something about transaction fees (possibly spam attack), then we can start the rise so much sooner and be at $60k and more by the end of the 2018 since we will also have LN by then and things will be solved eventually.

I think going back down to $1K is unrealistic, since that would imply the collapse of the cryptocurrency environment to a certain extent. $60K looks realest to me, although I don't know when it will be reached, since we seem to be fluctuating for a relatively long time around the $14K level now.

$60K next year, bitcoin will probably hit the 6-digit mark by 2020. Government regulators by that time would certainly impose a policy that would protect cryptocurrencies from price manipulations.

The fees are indeed a big problem of the Bitcoin users, specially for the ones with transactions of low value.
But still, Bitcoin is the "face" of crypto, that will keep it growing, maybe it will be worth millions as some people say. We shall see.

Out of 1M, 60K and 1K the last one look more real. I doubt that bitcoin will ever cost more than 100K. 60K is possible of course, but it would be hysteria. 1M sounds unreal to be objective. However bitcoin can easily drop to 1K.

based on lord mcafee , it will hit $1m in 2020, hope it will realise or he will suck his own D, lol

You know that the bankers are backing BTC when the crazy transactions costs are not being
reported in the Mejia and the Segwit2x fork was hidden from view so unless they reduce the
fees then the best you can hope for from BTC is that it will trade sideways and the public
will not buy into it so no chance of the price going to the moon for now

Interesting trends in Bitcoin -

    Roger Ver ("Bitcoin Jesus")/founder Bitcoin.com said Bitcoin will lose value and be taken over by Bitcoin Cash because the original interest in Bitcoin Core was "cheap and fast transactions" and that is gone now.  Bitcoin Cash does what the original Bitocoin Core did before the blockchain got saturated.  (this makes sense but he is also clearly marketing for Bitcoin Cash because he runs an exchange).
    Social Capital's Chamath Palihapitiya says Bitcoin Will Reach $1 Million Per Coin... but they are early investors who hold a lot of coins (good for their pocket to pump the coin price).
    Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold (but again, a large holder of the coin, good for him to pump the price).
    Then Saxo Bank - Bitcoin will peak above $60,000 in 2018 before crashing to its fundamental “production cost” of $1,000 the following year... (fundamentals)
    Then on a side note - Bitcoin's secretive creator could become the world's first trillionaire.  If Nakamoto is a single person, they're currently the 52nd richest person in the world when measured against Forbes' list of billionaires. And judging by the way Bitcoin's price has exploded, they might soon sit on top of that list, potentially as the world's first trillionaire.


So what is the value of Bitcoin in 2018?  These are just a few of the many, many opinions out there but I think that $60K prediction from Saxo Bank seems to be on par right now.