Topic: Will Bitcoin rise to $500k in three years? - page 2. (Read 6045 times)

Nope but it still depends, in my opinion in three years bitcoin will rise in $30000 only well it is only my point of view. However, $500k is a bit too much on the given period of time. So my point is bitcoin will spike at $30k in three years.

its x60, many altcoins did it this year, maybe we can do it in 3 years (x6x5x2 or similar)

Yeah 500k is bit much value to be achieved in three years but in 5 to 6 year this may be possible because still there are a lot of region who are not aware of the blessing of this coin and many people on planet are still wanting to get knowledge about btc to start earning in this coin more advertisement is required to get the maximum investor concern into btc and then this price will be easy to get, it is possible to achieve.

in very long future yes but three years can’t add all this value of bitcoin and if this happen bitcoin will end (full block size transaction fee )

That's really hard to tell. But it seems to be not possible to happen within just 3 years of time. Although the rate of increase on its value is already at this moment, the problem is we don't know until when will it maintain a rate as high as this. In my opinom it will achieve a market value of 20000$ 3 years from now and I think, it is mor realistic and quite possible to happen than to reach 500000$ on the given period.

What we can do is just make speculations based on the market and predict the price to some extent. Here too correlation takes place and very rarely gets coincidence. The entire functionality and growth is uncertain, it's our goodness to expect growth and work for it, rest happens from the decentralized network.

I can only see it get to that price if Bitcoin truly is "a gift from God" and mainstream adoption happens on such a level that within 3 years everything can be done via Bitcoin. Otherwise it's way too high for 3 years.

I don't think that its possible to achieve that high price in next 3 years as we are still at $8k which is also a good price to hold but we need to be more realistic instead of dreaming with open eyes and it will take huge time gap even to achieve the price of $20k or higher and expecting $500k at this stage doesn't make any sense and rather then dreaming blindly its good to go with a flow and be happy with whatever price we see in coming days.

People see a few coins gaining x10-1000 and think that's the norm. It's so painfully obvious that the majority doesn't understand finance or how value is created... which is how the dot com bubble and similar scenarios panned out. I keep trying to warn people, hopefully one or two will actually sit back and start analyzing the market instead of following trends they don't even understand.

Faucets can never last and it is obvious most of them are already failing presently looking at the situation of things except for some who has been in the game for a very long time like freebitco.in and some other integrated gambling sites which still somehow gives some users some good profit on what they have in their wallet and some little from faucets.

Everything sure is all speculation but we cannot but think of the possible surprises bitcoin can bring with it.

Impossible. Just try to think of this, butcoin had some difficulties just to reach a market value of 8000USD, so what more with a value as high as 500 000 USD within just three years? I do believe that the market value of Bitcoin will be more expensive in the future than now but it really seem to be absurd for its value to rise to 500k USD in just a short period of time. Indeed, the rate of increase at this moment is high but Bitcoin is still volatile.

Little to optimistic on this, Im not saying that this would be bad, it would be good but realistically this is little to big for this price to be in 3 years from now. Maybe we will see 5 digits price in that time but to be real not think that half of million would be the price. But think that price will go up, maybe in range 100-200k but thins price also is little bigger then im think it will be by that time.

Exaggerated thinking, even bitcoin is the most popular crypto currency in digital world I know that it's hard for them to reach $500k in 3years. Maybe it happen after 10decades, do you think that bitcoin have no competitors? When days come past bitcoin are increasing the numbers of competition in the market. That's why it's hard to bitcoin  to increase their value in the market rapidly.

Don't know how you are saying slow getting to $10k...it's been racing from $1k to $10k this year and will very likely attain $10k next month. Is 10x growth in one year slow???

"It will need a huge audience and huge capitalization"...yeah, and what do you think has been happening to Bitcoin this past year? It's called exponential growth. Even if Bitcoin were to only grow linearly, which it obviously will not, that'd still put it close to $40k in 3 years. And that's with linear growth, so that is way lower than what Bitcoin growth will actually be, because Bitcoin has never grown at a linear rate.

My computations are based on the rate of growth slowing down a lot after this year as naturally it will as the market cap grow and it gets harder to move. The price will likely hit $10k this year, that's 900% growth. If we assume a major slowdown to 200% growth in 2018 that gives us $30k, and then slowing down to under 100% growth in the following years puts it at about $50k in 2019 and $100k within two years after that. And honestly the growth could very well be much quicker than this. I wouldn't at all be surprised to see >$30k, >$60k, >$100k these next three years.


As for the reasons why it's pretty obvious to me that this will happen:

- Futures contracts are supposed to start next month, people on wall street are all saying this will serve as the "all ok" for institutional investors to start jumping into Bitcoin. Hedge funds will start directly investing in Bitcoin, as one $100 billion UK hedge fund has already said they will do once they see futures implemented, and Goldman Sachs CEO has also recently said he is considering it. Eventually they will all jump on board. Hedge fund participation alone might raise the price by tens of thousands of dollars over the next few years. Then there are also ETFs which allow your average non-rich investor to invest in Bitcoin as part of this standard financial vehicle, so that'll bring in a lot of normal people who invest their money but only trust standard financial instruments for their investments. ETFs alone could also raise the price by 5 digits.

- Bitcoin integration in popular payment apps. This just began yesterday with Square. No doubt in the next year or two Venmo and Paypal and other will follow suit in order to compete. This means that suddenly millions more people can buy bitcoin directly from the mainstream payment apps that they already use, rather than having to research how to get Bitcoin and what its all about. This normalizes it a lot. Not to mention Coinbase has pretty much been the only good fast easy way to buy Bitcoin up until this point, so have a whole industry of tech companies offering Bitcoin buy/sell services rather than just one company will grow Bitcoin adoption a lot. Also another huge boost to Bitcoin will come from when Square has Bitcoin fully integrated and they allow payments through it, hundreds of thousands of shops who use Square's point of sale system will automatically be able to start taking Bitcoin as payment.

-User adoption is growing as word is spreading and so organic user growth will continue to grow at an ever expanding rate for years to come. This alone will raise the price by tens of thousands of dollars the next few years.

-Amazon Bitcoin payments. This will absolutely happen within the next three years I believe and it will be huge for legitimizing Bitcoin as a major player for payments online.

-Governments are starting to realize the need to write Bitcoin into the legal framework of the economy by enacting regulations for Bitcoin. This legitimizes it in a legal sense and will make many people more comfortable with the idea of buying Bitcoin.


The only question is can bitcoin development innovate enough to keep up with demand! So far they are kind of failing to keep up with demand, but if they can succeed in the long run there's no reason why Bitcoin can't be 6 digits in under 5 years.

What an enormous increase! $500k seems a little bit over the top I suppose. If bitcoin does increases value by almost 10-30% every month then $500k by 2020 is not happening. Unless major corporation adopts it and disrupts the market creating a void wherein it can reach the said pricing. For me $500k by 2020 is just plain wishful thinking.

Bitcoin is definitely on the rise these days and has proved , once again ,  his capability of healing from any down run that he had to take after each hard fork or threatening crypto that submerged to the surface of this highly  competitive field . Yet being realistic is a must whenever we are speculating about such volatile currency who clearly can be affected by lots of causes including a financial decision in a country where that particular currency is highly traded  , and the unpredictable choices or decisions that the holders take whenever there's something fishy going on . So to be as enthusiastic as possible , i'd rather say bitcoin can hit up to 25k dollars in 3 years , but nothing more .

I do not know how or where you base your computation/prediction but I believe it will not touch $50k in 3 years time.  It will need a huge audience and huge capitalization in order to get in that price and as we can observe, Bitcoin is somehow slow on getting into $10k plus.  Even though Bitcoin is rallying today, who know it might be a bull Trap though I hope it is not.

$50k in 2 years
$100k in 3-4 years
$500k in 10 years???


I think $500k is possible, though not in 2020. I think most likely Bitcoin will end up somewhere between $100k and $500k and probably won't actually hit $500k.

you're right, that's an unreasonable price for now. thinking about bitcoin prices to $ 100k is still very difficult, especially if the price reaches $ 500k within 3 years. I think that's something impossible

Because from $1 Trillion to $10 Trillions there is $9 Trillions difference, and that is a lots of value.  A lot of value.