Topic: Where do you think bitcoin will be in about 8 years? - page 2. (Read 2775 times)
In 8 years, I am counting on the price to be either $100k+ or close to $0. As long as Internet is still around and no critical flaws has been found in the protocol I see that first number as highly probable.
How will they get me to stop accepting them over their alternative?
In 8 years, bitcoin will have evolved into something totally different!
Bitcoin will be work about $100 as a collector item - but the blockchain will be being used by Visa in the core of their digital visa credit card - a way for anyone and everyone to move money around the internet in a method almost identical to bitcoin - except, you will need to use their wallets, and need to register to have a wallet that their coins will work with.
It might not be Visa, but in 8 years, the concept of bitcoin will have become accepted within the banking industry as workable, and being offered to the public - at a price!
However, your bitcoins and altcoins will be practically worthless!
Bitcoin will be work about $100 as a collector item - but the blockchain will be being used by Visa in the core of their digital visa credit card - a way for anyone and everyone to move money around the internet in a method almost identical to bitcoin - except, you will need to use their wallets, and need to register to have a wallet that their coins will work with.
It might not be Visa, but in 8 years, the concept of bitcoin will have become accepted within the banking industry as workable, and being offered to the public - at a price!
However, your bitcoins and altcoins will be practically worthless!
So far, if you look at the price on a (best fit removing all the bubbles) log scale (http://blockchain.info/charts/market-price?showDataPoints=false&show_header=true&daysAverageString=1×pan=all&scale=1&address=) for all time, the price has been increasing by between 200% and 500% per year. So lets assume that the initial expansion was faster then any other time in history and we have a slowing of new adopters to a more realistic rate. Lets even throw in a bad year for the hell of it. See my projections below. This works out to about 91% increase a year for the next 8 years. Of course I just pulled all of these projections out of my ass and they have no basis in fact.
July 2010 - $0
July 2011 - $2 (200% increase)
July 2012 - $7 (250% increase)
July 2013 - $44 (520% increase) (yes, this is the true value of bitcoin at the moment IMO)
----------------------- PROJECTIONS ----------------------
July 2014 - $154 (350% increase)
July 2015 - $385 (250% increase)
July 2016 - $577 (50% increase)
July 2017 - $721 (25% increase)
July 2018 - $811 (12% increase)
July 2019 - $859 (6% increase)
July 2020 - $773 (10% loss)
July 2021 - $835 (8% increase)
July 2010 - $0
July 2011 - $2 (200% increase)
July 2012 - $7 (250% increase)
July 2013 - $44 (520% increase) (yes, this is the true value of bitcoin at the moment IMO)
----------------------- PROJECTIONS ----------------------
July 2014 - $154 (350% increase)
July 2015 - $385 (250% increase)
July 2016 - $577 (50% increase)
July 2017 - $721 (25% increase)
July 2018 - $811 (12% increase)
July 2019 - $859 (6% increase)
July 2020 - $773 (10% loss)
July 2021 - $835 (8% increase)
bitcoin will really be "cash of internet" and 1btc will be approx 2,500$
You people have no vision! Add 2-3 orders of magnitude to that number.
This.
I am betting on the long term value to be quite astronomical, much larger than one normally imagines, especially with the word spreading exponentially each day.
Best guess is $500-$3,500.
bitcoin will really be "cash of internet" and 1btc will be approx 2,500$
You people have no vision! Add 2-3 orders of magnitude to that number.
Yeah exactly. In 8 years, the price of bitcoin will be $50,000+ each or 0. Nothing in between.
That's only 1 order of magnitude. Didn't you read Vlad's post?
bitcoin will really be "cash of internet" and 1btc will be approx 2,500$
You people have no vision! Add 2-3 orders of magnitude to that number.
Yeah exactly. In 8 years, the price of bitcoin will be $50,000+ each or 0. Nothing in between.
bitcoin will really be "cash of internet" and 1btc will be approx 2,500$
The real question is whether or not World War 3 breaks out.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
yeah..so what else?
Political collapse in China?
A new era of manga and anime....
Where do I think bitcoin will be in 8 years time? 8 years is a odd number.
Hmm, I think by then most of the companies which we see today not accepting bitcoin will be accepting it.
If we do make it 8 long years, then I think the bitcoin value will have shot up.
Hmm, I think by then most of the companies which we see today not accepting bitcoin will be accepting it.
If we do make it 8 long years, then I think the bitcoin value will have shot up.
The real question is whether or not World War 3 breaks out.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
yeah..so what else?
The real question is whether or not World War 3 breaks out.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
And depends on the technological revelations in that time-frame.
Too many variables. Best case scenario for BTC though is that it's a strong currency, I wouldn't expect it to be on top though.
8 years is after 2020. by then, almost everyone on the planet has internet access all the time. certainly, several very simple payment systems will be available to almost everyone, but it's likely not the current bitcoin system. it might rather server like a reserve currency behind them to settle payments between them.
If it lasts that long im pretty sure price could be at or near 1000usd per btc. The real question is whether we actually get there or not
In 8 years the block reward should be halved a couple more times.. so 25 > 12.5 > 6.25.
6.25 bitcoins per block reward!
6.25 bitcoins per block reward!
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