Bitcoin at $833K? Time to buy before it’s too late!

19 replies 219 views
b3ar2015Member
Posts: 23 · Reputation: 191
#1Jan 8, 2018, 02:05 PM
I came across this and I’m trying to wrap my head around how Bitcoin, which is sitting at $93,357 right now, could potentially shoot up to around $833,000 in the next decade. "Our panel thinks Bitcoin (BTC) will hit about $135,048 by the end of 2025, which is a drop from the $161,105 they predicted back in January 2025. Looking even further, they expect BTC to climb to $452,714 by the end of 2030 and reach a whopping $833,000 by the end of 2035." Is this even realistic? Is now the right time to buy? What do you all think about this?
2 Reply Quote Share
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#2Jan 8, 2018, 03:11 PM
This is a very good prediction as I make some analyses some weeks ago that bitcoin might not go up to $170000 that I predicted before but that bitcoin will still get to ATH and probably increase to almost $140000 which some people also posted almost the same on a thread on this forum. What that is important is that bitcoin will continue to increase after a long period of time. It is realistic. If you want to go for a long term investment, you can start to DCA now. Bitcoin will likely get to over $800000 in 2035. I believe that.
3 Reply Quote Share
defi_2017Senior Member
Posts: 224 · Reputation: 892
#3Jan 8, 2018, 08:56 PM
Too bearish IMO. With a bit of luck we can reach that figure this cycle, and if not, the next. There is a growing institutional demand which I expect will produce a supply shock and send the price to the moon. For me it is always a good time to buy, but only if you have a long-term view and have studied the asset you want to buy, in this case bitcoin. Don't do it because of what they say or don't say in a forum.
1 Reply Quote Share
b3ar2015Member
Posts: 23 · Reputation: 191
#4Jan 8, 2018, 10:38 PM
Truth! Bitcoin's value is always on the increase But momentary depreciation reduces the rate of appreciation Is it mare speculation or clear expectation? Don't you see any form of incoming momentary depreciation along the line?
2 Reply Quote Share
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#5Jan 9, 2018, 04:56 AM
The market price of bitcoin can not keep climbing up all the time, there would be the time that bear market will be what they would happen and later followed by a significant bull market. As for me I still think that next year which is 2026 would be of the bear  market but later the bull market will follow and later bitcoin will continue to get to ATH.
4 Reply Quote Share
gw3i1337Full Member
Posts: 148 · Reputation: 495
#6Jan 9, 2018, 10:35 AM
Did you think in the past that Bitcoin price would reach $100k? If we talk about 2012-16, then in 2012-16 no one expected Bitcoin price to reach $100k. But Bitcoin's current ATH is 109k. Now 2035 is still 10 years away, after 10 years it is not difficult to be $833k. Currently very few people have come to know about Bitcoin and very few people have invested, after 10 years Bitcoin will be more popular and more people will be interested in investing in Bitcoin, as a result Bitcoin price will be much higher. I believe Bitcoin price will be $1 million plus in the future. Now if you have a long term plan, then you can start investing anytime. The best strategy is DCA, so you can start investing with a long term plan in DCA strategy.
1 Reply Quote Share
max_atlasSenior Member
Posts: 132 · Reputation: 834
#7Jan 9, 2018, 02:03 PM
That still speculation because we don't know when Bitcoin reach that price. But for long term, Bitcoin price will reach $140,000, still increase and reach $170,000, and go on. But we should aware after the rally because there will be many correction happens. So that is why we need to be careful when that time come but that will be the time for us to buy back. You should use the time to buy Bitcoin before you are late to buy at a low price considering the price will be at a high price. You can use DCA to buy constantly or buy when the price is in dip. But using DCA will be the best for you.
1 Reply Quote Share
GigaSatoshiFull Member
Posts: 101 · Reputation: 659
#8Jan 9, 2018, 04:29 PM
Interesting prediction and based on what you wrote and the increase from year to year I think reaching 833k in a period of 10 years or maybe more could happen, this reminds me when bitcoin was first born did anyone think that the price could reach 20k, 50k or 93k the current price? not everyone is pessimistic about it. My view is that in the next 10 years the mass adoption of bitcoin will increase and that will affect the price because of the high demand and this can push the price of bitcoin much higher and remember the supply of bitcoin is limited so there is nothing wrong with that hope. It is right if you hold for the long term because bitcoin is not a get rich quick scheme.
3 Reply Quote Share
wildvaultFull Member
Posts: 98 · Reputation: 341
#9Jan 9, 2018, 08:19 PM
Well, 10 years ago, not many people believed that bitcoin could reach $20k, or $50k, then $100k, including us. Bitcoin could reach $833k or even $1 million in the future, but will that be similar and easier than the journey to $100k? In my opinion, it is 100 times harder for bitcoin to go from $100k to $1 million than it is for it to go from $1k to $100k. Because we only need $2 trillion for bitcoin to grow 100x from $1k to $100k, but we will need $18-19 trillion for bitcoin to reach $1 million from now. Is that easy because that's a huge amount of money and where are we going to get $19 trillion in the next 10 years? If we just rely on bitcoin price and make predictions, everything seems simple but when we rely on market capitalization, things are not as simple as we think. It is never too late to invest in bitcoin as it will always increase over time but it is too late if someone thinks that it is possible to get rich with bitcoin with just a small amount of money. That golden age is long gone, it can no longer increase in price by thousands, millions of percent and bring us millions of dollars in profits from small capital.
3 Reply Quote Share
coldaltFull Member
Posts: 161 · Reputation: 778
#10Jan 9, 2018, 09:53 PM
If all the parameters continue to be friendly as they're right now with the crypto space, I think $833k in the next 10 years is nothing much. We're talking of more than two circles ahead. It will be higher than that if Bitcoin continues to experience this same level of ATH (of multiple of three from my observation). I know anything futuristic isn't in our hands to control. We can only speculate about it and there's no harm in speculating. I want to believe Bitcoin will worth more than that in 10 years. If you're still asking this type of question at a time like now, it simply means you aren't ready to take the risk. You may still not make up your mind till the next bull season.
2 Reply Quote Share
bear_maxiSenior Member
Posts: 349 · Reputation: 1145
#11Jan 9, 2018, 10:02 PM
Once it is bitcoin, such is possible, we cant limit the extent to which this digital coin could go, just as we still anticipate in expectation for all time high above $109,000 as anything can happen from now on before the end of the year, ten years would have birth two more additional halving and by then we don't know what rate bitcoin would have achieved as it keeps increasing in value over time and the more the adoption the higher it becomes in it market price.
3 Reply Quote Share
darkviperFull Member
Posts: 112 · Reputation: 392
#12Jan 10, 2018, 12:59 PM
Initially people didn't believed that Bitcoin could be this worthy and then there was less attention given to it and during the beginning of this year when the bull started, or I think after halving and also the US election gives a kind of electro light speed to the market, also with the helps of the Spot Bitcoin ETF made it to gain this fast increase in price and I believe something positive above the previous price of 109k could likely happened. Currently when the market crosses the previous ATH then it's believed that 120k, 150k and 200k could be possible and likely to be achieved. So, your analysis is realistic and is possible to happen within the next 2-3 halving time coming.
3 Reply Quote Share
ryan2020Full Member
Posts: 79 · Reputation: 516
#13Jan 12, 2018, 03:07 AM
I think whatever we get as ATH for this halving matters when we try to speculate on what the price will be in next two halvings. I know Bitcoin will comfortably go above $109K, it's a compulsory status but we are not getting what our ATH maybe, $200K is a hard one to breath in we now have to set our standard lesser than we had earlier before breaking into 2025 ranging from $150K -$200K is more effective than crossing. It's all based on speculation, OP made his prediction and not good if he satisfies himself with what he mentioned alone, Bitcoin will certainly chase $800K+ it may not be from the two halvings put together more may be needed to reach such ATH, the least advisable is to make more helpful Bitcoin decisions instead of being compelled to wait that long so to sell, if it delays beyond 2035 what may be his next move. We want Bitcoin to advance, but patience is the key, as we often face delays.
0 Reply Quote Share
jake2011Full Member
Posts: 47 · Reputation: 306
#14Jan 12, 2018, 09:02 AM
Well, this is how I would approach it too. There are ten year differences between 90k and 833k argument which means in ten years many things could happen and this is one of them. I can see how people would react to this but if we can do better job at it, then we are going to make a lot more money with it too. If we can handle the pressure of holding for ten years during all the ups and downs, then there is a good chance we can do x10 give or take. The question is, can you do better than x10 in ten years with something else? Many people believe that we can't do that much with others but I believe we can and that is the most important part, if we can do it then we are going to be fine and do very well, so bitcoin needs to do better too.
6 Reply Quote Share
john2009Full Member
Posts: 79 · Reputation: 567
#15Jan 12, 2018, 12:46 PM
Have you checked how the price of bitcoin grew from 2015 till now which is about 10 years? In the next 10 years don't you think that something incredible can happen and the price of bitcoin skyrockets to an unbelievable ATH that can marvel everyone? Never look at the price of bitcoin in the future from what it is now, bitcoin can even reach $1 million in the next 10 years so never doubt it because if adoption increases, accompanied by favorable policies and positive news, the price of bitcoin can rise higher than we thought.
3 Reply Quote Share
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#16Jan 12, 2018, 04:43 PM
Not to be negative but $833k on 10 years time isnt that achievable i should say on come to think on which if we do base up on the current movement that i do have in between cycles then going x2 or x3 is hard considering on the total cap that it do have now, but we do know that probabilities is there on which everything will be basing up entirely on the demand and recognition of Bitcoins existence or crypto as a whole. Im not that a fan on believing with those bullish insights of other people whether they are known or what because we are all speculators here on this market on which one really knows on where the price will be ending up on with on specific time period. 10 years would be considered that we will be having that 2x 4 year cycle on which prices might be higher but not as much on saying about $833k or nearing $1M per coin.
3 Reply Quote Share
cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#17Jan 12, 2018, 07:43 PM
With the current shift towards Bitcoin by institutions and government this predictions is likely to achieve even before the ten year predicted, we have 1 cycles for Bitcoin which comes with in 3-4 year's in-between, so for sure we may likely see that price before the next two cycles, so holding more Bitcoin is what we need right now.
2 Reply Quote Share
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#18Jan 12, 2018, 10:06 PM
I don't think $833k is achievable; the analysis from that news seems like a dream after just 10 years. Based on the historical BTC price, the price action of BTC these days compared on the past cycle is slowing down however, it looks like they use that data to see how the price of BTC reaches that price because it happens every decade, but I don't think it can happen because these days BTC is different compared to before. We already have Bitcoin ETFs, institutions and banks joining the market, and also news that could influence the price of BTC. I believe these big players, or whales, are the ones who move the price, but it still isn't enough to move the price in the $800k zone.
4 Reply Quote Share
sigma07Senior Member
Posts: 434 · Reputation: 1309
#19Jan 13, 2018, 02:02 AM
Yes, it's realistic. There were even predictions that it won't take to a decade until we reach a million so your is even longer but realistic too. You're on it if you feel that you should buy it with that goal. So, looking at the numbers that if someone has that longer stay of time and is looking forward to $800k and more in the future, prime time to buy? Definitely. The next two cycles are going to be interesting on how high it will make Bitcoin, it's always in the records and it's historical.
2 Reply Quote Share
maxi_hawkFull Member
Posts: 104 · Reputation: 660
#20Jan 13, 2018, 07:37 AM
As long as it is BTC, every prediction is realistic, where the problem lies is the time frame. Bitcoin will one day hit 1 million dollars, but the question is when? I have seen the prediction of $200k+ and I have also seen upto $400k this year. But after the big correction that happened, the recent predictions that I have been seeing haven't crossed $140k. What has changed?
0 Reply Quote Share

Related topics