Topic: Will Bitcoin be around in 5 years? If so, what's its price? - page 3. (Read 12178 times)

fuck paypal and western union.

Bitcoin screws over both those companies and once it is more widely adopted the price will likely rise due to limited supply.

Will be alive?

Most probably. For me the biggest menace is the breaking of encription algorithms

Price?

5.000-20.000

1. a "regular" person cannot easily invest in bitcoin business because 99.9% of them are private.
2. people don't realise that with 'just' 3bil market cap, bitcoin is pretty much useless as a "real" currency.
Currencies trade ~5.3 tril/day, so bitcoin is just too small.
For example, some investment company wants to sell $5 bil $$ and buy the same value of bitcoins without disturbing the price-it simply can't, even if every single owner released all their bitcoins. A single modest size transaction like this would send bitcoin literally into ATH.
3. Serious people thought that bitcoin would become currency-ish at ~$40-50K/BTC

I doubt it, most problems are already aware for the developers to add on something.

Esp, when hit with the whole 1mb issue when it does happen, we`ll have upgraded wallets.

Okay, actually I take back my previous comment.

If there was a issue with blocks taking up more then 1 mb or actually adding to be 1 mb within those 5 years, then I`d hope for some block to upgrade the space.

Or else we would see so many backlogs.

A lot of you i see are new to investing. It does't matter what bitcoin does the next 5 to 10 years its going to grow through businesses but doesn't mean it will go up. The best wy to invest in it is through a business not through bitcoin itself. The market will be manipulated by big wigs who will kill the price buy it low sell when it reaches 1000 and constantly let it go down over an over again. Look at gold it should be well over 100k an ounce and its 1200 an ounce over all these years people invested into it. Silver what 15 bucks it should be in the 1000s as well. Rich people will constantly kill the price of it so you wont get rich off of it. But they can't kill the businesses that monopolize the bitcoin market. So if you want to get rich go after a bitcoin business not bitcoin itself. Its gone up to 240 dollars thats pretty good a lot more then what peple expected last few years if it holds this value you should be happy with that.

But I think it can go up to 500 in next 5 years and hold a stable value as the market grows. But expecting 10k a coin wont ever happen big wigs will sell off so it kills the price and then you will see how investing works. They already done it several times over the last year or 2. And also businesses are putting in loop hole fees for buying things with bitcoin now so its not free transactions anymore. But it has a big future maybe in 50 years holding bitcoin will make you rich. I keep reading these articles people think its just gonna go up cause its growing doesn't work that way when the market is easily manipulated over and over again. And its the easiest market to manipulate the people have no identity.

I think all of that will happen to bitcoin

It lasted for the first 6 years, so I dont see why it wouldnt survived the next 5 years?

I say this cause those first 6 years were growth, direction, actual investors like those VCs to consider if this would be the next thing for everyone to use or not.

But these first 6 years is more of learning curb, esp how exchanges are and how easy things collapse.

If bitcoin is around in 5 years, the price then (per coin) will be as ridiculous as "$240 after a crash from $1000" would sound to someone in 2010.

Such lengths? What lengths? Making and smuggling a paper wallet is as easy as smuggling in a single piece of paper. Or even, a single digital image that can be printed out later. Nothing hard about that. The expansion of bitcoin is virtually unstoppable. I think the benefit of bitcoin are more than enough to make it desirable in certain markets (I personally know of an application my peers would be interested in). If a government were to ban it, the ban would be unenforceable, and if it's gotten enough attention to be banned, maybe it has enough attention to be (somewhat) commonly used.

Is bitcoin as useless as reindeer poop? No. Apples and oranges, my friend.

You make it sound as if bitcoin is so desirable that people are willing to go to such lengths to smuggle it.

Would you go out of your way to acquire reindeer poop if ownership of reindeer poop was strictly banned? The government doesn't need to go to every household everyday to search for reindeer poop. No one wants it anyway.

Bitcoin needs to first have a lot more people believing in it before your point has any relevance.

Bitcoin cannot be banned. If people are careful enough, there is no way they cannot be prevented from acquiring bitcoin. There would be just too many resources going into hunting people down. The United States government cant prevent people from getting their hands on certain substances. Bitcoin is so much easier to acquire, hide, and distribute than drugs. No government can successfully ban it. That kind of injustice would be so short lived, so universally opposed. Maybe North Korea could get away with it nowadays... but in the next 30 years, even that backwards nation will not be able to stop technology. I hear cellphones and internet access is getting smuggled into there. It's only a matter of time until everyone accepts bitcoin to some degree. It's already more widespread than some government-backed currencies.

If nothing nasty happens to bitcoin, like bad fork, hacks, major bans everywhere then yes i think it will be around in 5 years alive and well i have voted yes it will be but that is mainly because i want it to be of course, but no one knows what it has in store for us. Isn't it exciting? The price if still around at that time i woud take a guesstimate at around 5k USD at current USD rates.

Bitcoin will be around for 2020. The price will be over $1000, maybe.

its hard for to know, bitcoin still be around or nor in 5 years again. now some company accept bitcoin for payment its will help bitcoin price
and my guess price is $600

A stable price for years would be ironic. It's the last thing anyone would expect, but you never know. An article I read speculated that we had a flat, boring, stable price for a few long periods in the past, and maybe that's what Btcoin needs to be adopted more widely.

Im not sure bitcoin still around in 5 year, maybe 2 year again ending of bitcoin.
Price will be back to $1

If it is still around in 5 years, the price will be over $10,000.

of course bitcoin will still be around. it's getting stronger and stronger. my guess for the longterm is a price of max $2000 before 2020

For a tech of the future, there's a mind boggling lack of foresight on here. People often can't see beyond the end of the week. The future will boot their balls through the tops of their mouths whether they like it or not.