Will Bitcoin rise to $500k in three years? - page 12.

akash15785

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Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

It's way too much money..

My guess there will be a price-hike about 400-500% in next 3 years..

But if McAfee's prediction will turn true, we all will be millionaires by 2020.

Cheers for that.

contecsion

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Quote from: WSDN on October 30, 2017, 09:16:21 PM

Although Bitcoin has raised so quickly. But I don't think it can reach $500,000. The maximum is about $50,000 I think.

I agree with you, it's hard to bitcoin up to $ 500,000 in 3 years. From $ 50000 to $ 100,000 is right for a bitcoin. Try to earn as much bitcoin. In the next few years you will be a millionaire.

WSDN

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Although Bitcoin has raised so quickly. But I don't think it can reach $500,000. The maximum is about $50,000 I think.

Nerman

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We all know that Mcafee is a big believer of Bitcoin or crypto currency in general but this a bit of exaggeration, do not get me wrong i will love it and i think almost all of us will be happy if the price reach $500 thousand but reaching that price in three years is highly unrealistic.he is just hyping bitcoin to counter those bashers. We may reach that price but not in three years. Realistically i think bitcoin price will be in the range of $20,000 to $25,000. This year end i think we can reach $8,000 to $10,000.

cardoyasilad

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Most of us here will think bitcoin not rise $500k in three years even more that is a very high amount lets be realistic three years from now it will hit $15000 max

Darker45

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Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

I seriously doubt this pronouncement of McAfee. It was not just made with a slight exaggeration; it was made with pure jest and hubris. I think it will not happen. There may be a consistent growth in value for bitcoin but not with a speed that will easily reach the $500,000 prediction of McAfee. It may happen in the far future though. For 2020, $50,000 per Bitcoin is enough for me. That is a realistic goal.

andrei56

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Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

That is not a prediction that is just a wild dream, there is no way for bitcoin to reach that amount even if the world economy crashed overnight I doubt we could get a number like that since depression will set in and the price of everything is going to go down, but that is not a good thing because no one will have any money to pay for anything, so even if bitcoin was valued at 1000 but you could buy a building with that then that will mean that bitcoin is extremely valuable.

BTCMILLIONAIRE

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If there will be another great depression 2020 like it already happened 1929 in with the New Yorker stock market, the price for one bitcoin could easily rise to $500k if you have to pay $100 or even more for one bread!

But without another economic crisis I highly doubt that the price will go anywhere near $500k.

Inflation isn't that much of a problem with Bitcoins. Even if one Bitcoin was worth $1m, one Satoshi would be 1 cent. Also, there's only 16m Bitcoins around today, so it's not like everyone could walk around paying 10k Satoshis for a loaf of bread.

Dudeperfect

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I want Bitcoin to prove me wrong but to be honest, I am sceptical about the possibility of such massive growth in such short span. I am completely aware of the growth rally and sustainable performance so over the years but $500K seems an unrealistic target for the period of 3 years in my opinion. I am expecting $20K to $30K within next 3 years but anything above that figure would be a miracle for me.

kissme09

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A pretty good fiction for those who own bitcoin if you are buying a bitcoin now in 2020 if the script looks like this you will get folded a lot more times now and then those who buy bitcoin is $ 4500, then they will be listed on the millionaire list Grin

darthmaul

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Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

Okay now thats too much! lol.

No that is not possible guys, the price is too much and you will need huge market cap for that price to be achieved.

To have that much price you will need to cover the market cap of 83,27,29,35,00,029 USD Now bro just imagine it will need huge investment each year from now and three years can't get it for sure. Look at that number above and ask yourself if that much money can be driven into bitcoin in next three years.

You can expect the prices around 20K or so but not the 500K.

cryptoalfs76

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Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

Maybe that prediction that bitcoin rise into $300k is true or maybe not, but the important is bitcoin is always be there continue its legacy in crypto world.we cannot accurate the right prediction,because the chain economy sometimes its turn down and sometimes its turns up because of hardfork coming.

rodskee

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Quote from: sunsilk on October 27, 2017, 06:19:04 AM

Quote from: nodav on October 27, 2017, 06:15:43 AM

So guys, what do you think about McAfee prediction - will Bitcoin jump to $500 000 till August 2020?

I want this to happen but predictions are always be predictions. It may happen and it may not happen, if McAfee said that maybe there are some surprises that he'll do just to make this happen.

And this is a very tuning in prediction because he's condition is very crazy - check out this reply from https://twitter.com/officialmcafee/status/887024683379544065?lang=en

I hope it happens and I'll definitely going to sell maybe some of my bitcoin by that time and will live happily ever after.

i agree with you prediction is only a prediction if they can reached bitcoin of that amount 500,00usd in august 2020 is have possiblity but lets as see the prediction on that month and year for the bitcoin price value.

BTCMILLIONAIRE

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Quote from: TrueAnon on October 30, 2017, 09:21:30 AM

Imo this was just a media stunt to gain attention. You can't seriously expect Bitcoin to reach 500k in three years Roll Eyes

Actually, if the growth went "down" to 4,5x per year, the price would go from 6000 to 27000 to 121500 to 546750 in 2020. And exponential growth actually has this peculiar attribute that increase the rates of gain, so if an exponential trend continues the price would be well over a million. It's more of a question of how much longer the adoption will remain exponential.
I definitely wouldn't expect it to be any higher than 20k to 60k by 2020 though and wouldn't even plan my life around that.

TrueAnon

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Imo this was just a media stunt to gain attention. You can't seriously expect Bitcoin to reach 500k in three years Roll Eyes

Subb0

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honestly i dont see it, i'd assume the total value of of the whole crypto system will be mind blowing by that point but honestly, i think some other system would take over the top spot.

Willitivity

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$500k, that's more of an exaggeration than speculation.
Bitcoin can never go that high even in more years to come.

BTCMILLIONAIRE

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Quote from: jonnytracker on October 30, 2017, 08:05:02 AM

Quote from: dzelenyanskiy on October 27, 2017, 10:32:20 AM

I do not have a single bitcoin in my account, so for me it does not matter)

Then what are you doing in Bitcoin forum ? Or did you spend it all

I don't own Bitcoins either and have everything in alts.

jonnytracker

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Quote from: dzelenyanskiy on October 27, 2017, 10:32:20 AM

I do not have a single bitcoin in my account, so for me it does not matter)

Then what are you doing in Bitcoin forum ? Or did you spend it all

Capradina

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Quote from: Inkdatar on October 28, 2017, 11:51:03 AM

Quote from: NeoTech42 on October 28, 2017, 11:26:20 AM

Rise to $500K in three years ? Impossible !

500K per bitcoin would give a total market cap of 16.65*10^6 * 500 000 = 8 325 000 000 000 $....

I dont think it will happen for a short period of time. $500k in thre years is a short period of time, it will takes long before it will achieve. Though there are many speculation yet we have to check the market everytime.

Precisely, basically we did have the opportunity to speculate against bitcoin. Because it is sometimes of speculation we have the drive or a very high spirit to be able to get it, but before speculating will be much more to think about or look at all the things that exist in the bitcoin. Because if we are too redundant in most bad speculated to be accepted is disappointed.as it is said that it will increase bitcoin is very high, it may just happen but won't until it is above 500%. because it's still very early in the bitcoin growth.

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