Bitcoin Price Prediction By 2018, 2019, 2020 - Sourajit Saha

Friday, 9 June 2017

Bitcoin Price Prediction By 2018, 2019, 2020

​Bitcoin is now very popular nowadays. No need to introduce bitcoin, all marketing players know well about bitcoin. So I am skipping this part. Only the thing- this cryptocurrency had been started in 2009. At that time, one Bitcoin was equal to 31 cents. And right now one bitcoin equals to 2460.34$. So the change is just huge, huge and huge. unbelievable. Still, i will say bitcoin is just a little boy. It's just eight years old. I have read many articles and predictions on bitcoin written by stock market specialists and economists. Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday. Coinspeaker says, Three Years Ago This Equation Predicted $2400 Bitcoin for 2017. In 2020, It Says Bitcoin Will be $30,000.
Bitcoin Price Prediction


As I said, I have seen many bitcoin value predictions over the internet, and to be honest, you can not say any prediction fully perfect. Maybe it would not reach even half of that level within this time, or maybe it will be double. A full of uncertainty. Whenever I read any article, I found one common thing about bitcoin investment, and that is- never invest more than you can afford a loss! Investing is not about 100 percent profit. You may lose, or your may win.

Created in 2009, Bitcoin has gone through some really amazing transformation. The cryptocurrency has gone from weeny cents to over $19,000 (which has dropped to a little over $13,000 due to market conditions). But even at its current price as at the time of writing this article, Bitcoin can still be said to have gained huge heights over the years.

One good way of looking at this transformation is the Bitcoin Pizza Story. On May 22, 2010, a guy in Florida, who goes by the name of Laszlo Hanyecz, paid 10,000 BTC for just 2 boxes of pizza. Now imagine how much 10,000 Bitcoins will be at the rate of $13,000 per bitcoin. That's a massive $130 million against the $40 they were worth at that time. Now, isn't that incredible?

Bitcoin has continued to grow and market analysts are saying the growth is not going to stop anytime soon. Is there actually no limit to how much surge Bitcoin can undergo? While this is a question that no one can answer, there are a lot of people who have been describing the bitcoin rave as a bubble that is bound to pop off anytime soon. On the other hand, there are those who believe that in the nearest future, Bitcoin will grow up with a two hundred percent increase. How true are theses speculations?

Well, we've put together some conditions for the price prediction of Bitcoin by the year 2020. Note that while this prediction might be wrong (due to the cryptocurrency's high volatility) but there's a good chance of it being right. With that said, let's get down to business.


1. BITCOIN TO ATTAIN $500,000 IF IT BECOMES A CURRENCY USED AROUND THE WORLD

Markets experts have stated that Bitcoin might reach an all-time high of 500 thousand dollars (501, 493) to be precise, if it should become very popular to the extent where it makes up at least ten percent of the world's money supply. This seems like a great prediction for 2020, but we need to consider the volatility which Bitcoin has been noted for, and the fact that people are yet to get on board the cryptocurrency train.

For this prediction to become true, Bitcoin needs to meet some certain conditions by 2020. First it needs to become very popular and noticeable by people who aren't tech-savvy. This simply means that the usage of Bitcoin must be as simple as swiping your credit card or scanning your barcode at a payment terminal. Also, the value of Bitcoin must become stable, which as a matter of fact, is contradictory to the prediction of attaining the $500,000 height.

Besides being popular and being stable, Bitcoin's network, the Blockchain, also needs to undergo a lot of improvement as the Blockchain is currently able to process just about three transactions per second. Looking at the what this prediction is all about, that doesn't seem like a great number; that's like one percent of what the network will need to process should BTC become a worldwide currency known and used by everybody. Do you see this happening in 2020? Maybe, maybe not.

2.  BITCOIN WILL HIT $1 MILLION DOLLARS BY 2020

According to tech giant, John McAfee, Bitcoin is going to hit one million dollars by the end of 2020. John seems so sure of this number that he even said he's going to eat his genitals if his prediction doesn't come to pass. But will it? McAfee had actually predicted that the price of BTC was going to end 2020 with the $500,000 mark. But when he made the $1 million dollar prediction, he stated that the first prediction he made was based on BTC staying on the $5,000 mark by the end of 2017.

Bitcoin has seen some great surges, and although it has gone through some down trends this December, it's still higher than the $5,000 mark. Maybe this was what prompted McAfee to predict such an incredible amount for the rise of BTC come 2020 to the extent that he bet his manhood on it. However, there was a comment from Craig Wright that stated that what McAfee was proposing might be a combination of BTC and BCH. The CEO of Civic, Vinny Lingham had previously asked John if he was talking about BCH or BTC, but McAfee gave no direct answer, asking Vinny to use his head.

McAfee has been known to be a loud supporter of BCH. So maybe what Vinny said is true. Bitcoin might get to the one million dollar height but that's if you combine the fork's value and the value of Bitcoin together.

3. BITCOIN MIGHT CRASH DOWN TO $100 OR LESS COME 2020

This prediction can only come to pass if Bitcoin doesn't overcome its challenges. And what challenges might that be? Well, let's assume Bitcoin doesn't become a widely used currency as proposed, and neither does it become a store of wealth like some market analysts are expecting it to be, it's safe to say that the cryptocurrency will come crashing down and the crash would be a really bad one.

If Bitcoin is going to gain more momentum as proposed in the first two predictions, it needs to be a currency that everyone knows how to use or it becomes an investment that people can use to store their wealth. If Bitcoin doesn't fall into any of these two categories, there's a high chance that investors will start backing out, which will automatically lead to the downfall of the coin. Besides this, there are some other things that could cause BTC to crash, though maybe not as hard as those two factors. Some of these other factors include

·      If a big exchange, like Coinbase, is hacked.
·     There's more selling than buying in the future
·     The Blockchain isn't improved, that is, the capacity of the network isn't improved and transaction time becomes longer.

Someone's loss is equal to someone's win. Mind it. I have found an article about bitcoin prediction from a bitcoin forum, and here it is. My long term price predictions are as follows:

Scenario 1


March 1st 2018 - $8,950 per 1 BTC

March 1st 2019 - $68,059 per 1 BTC
March 1st 2020 - $517,536 per 1 BTC
March 1st 2021 - $3,935,454 Per 1 BTC

How I arrived at the above numbers........


July 17th, 2010 bitcoin price was $0.05 (the price when it started TRADING)

and on Dec 6th, 2010 bitcoin price was $375.00
Time interval between both dates is 1604 days or 53 months
The computed doubling time for Bitcoin worked out to be 4.1 months between the two dates
i.e., every 4.1 months over the 53 months period , the price doubled.


I then took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years again assuming it ( the price ) will be doubling every 4.1 months ( which is historically what it did between July 17th, 2010 and December 6th, 2010)

Before entering in Bitcoin trading world, I would suggest you to make a proper research. Here is a great book, that can really help you to make $$$$$ profit. As this is not conventional trading method, so gaining knowledge is the only way!


Read More: What You Need To Know About Bitcoin

Scenario 2



July 17th, 2010 bitcoin price was $0.05 (the price when it started TRADING). 28th Feb 2017 bitcoin price was $1177. Time interval between both dates is 2418 days or 79.497 months. Then I took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years, again assuming it ( the price ) will be doubling every 5.473 months   ( which is historically what it did between July 17th, 2010 and Feb 28th, 2017)

which gives the following price predictions

March 1st 2018 - $5,403 per 1 BTC
March 1st 2019 - $24,699 per 1 BTC
March 1st 2020 - $112,699 per 1 BTC
March 1st 2021 - $516,115 Per 1 BTC


Both scenarios assume that the price doubling is constant going forward, and yes I know it won't actually happen like that, but it a good exercise to see how close I end up being to my original scenario 1 & 2 predictions.

No, I don't mean it's 100 percent correct, but I'll mention some prediction in this post, and I will check it by 2020, which one is close to the reality! Another prediction is here- Bobby Lee, BTCC’s co-founder and CEO recently tweeted about bitcoin price prediction by 2020, which is between $5,000 and $11,000, after the block reward halving. Bobby Lee is an entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day.


According to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and co-founder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it's reasonable for bitcoin to explode to $500,000 by 2030.
BitGo Software Engineer Jameson Lopp revealed that if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020. Another interesting prediction is here. Three Years Ago This Equation Predicted $2400 Bitcoin for 2017. In 2020, It Says Bitcoin Will be $30,000.

Read Also- Buy Bitcoin With Credit Card


The price of Bitcoin is expected to rise in the nearest future, but still there are some conditions the cryptocurrency need to meet before then. Will it be able to overcome these conditions? This is a question that is yet to have an answer.

I remember that day when bitcoin was 20000 rupees, and I told my mum, bitcoin is very costly now, if we bought some, it would be great. I had no idea that bitcoin will reach 3000$ (2100000 rupees) by 2017. Currently, I'm holding few bitcoins, and those are saved in a paper wallet. I will not touch them at least for 4-5 years. Bitcoin is really promising, and it is here to stay. Not only bitcoin, but i hope we will see some good results also from Ethereum and Stratis. We have a Facebook community also about cryptocurrency where we discuss everyday bitcoin and altcoins. If anyone wants to invest on cryptocurrency, that's really good but remember that always invest the limit that you afford to lose. Well, no more today. If you have any doubt or question, feel free to contact me here. Just do drop a comment below. If you really really like this post, then please do share it with your friends via social networks like google plus, twitter, Facebook, Linkedin, StumbleUpon etc. if you want to get all the latest updates of this blog, you can like my Facebook page, follow on Twitter or subscribe my blog feed. Take care. Have a nice day.
.................................................................................
​Bitcoin is now very popular nowadays. No need to introduce bitcoin, all marketing players know well about bitcoin. So I am skipping this part. Only the thing- this cryptocurrency had been started in 2009. At that time, one Bitcoin was equal to 31 cents. And right now one bitcoin equals to 2460.34$. So the change is just huge, huge and huge. unbelievable. Still, i will say bitcoin is just a little boy. It's just eight years old. I have read many articles and predictions on bitcoin written by stock market specialists and economists. Bitcoin's price has the potential to hit over $100,000 in 10 years, which would mark a 3,483 percent rise from its recent record high, an analyst who correctly predicted the cryptocurrency's rally this year told CNBC on Tuesday. Coinspeaker says, Three Years Ago This Equation Predicted $2400 Bitcoin for 2017. In 2020, It Says Bitcoin Will be $30,000.
Bitcoin Price Prediction


As I said, I have seen many bitcoin value predictions over the internet, and to be honest, you can not say any prediction fully perfect. Maybe it would not reach even half of that level within this time, or maybe it will be double. A full of uncertainty. Whenever I read any article, I found one common thing about bitcoin investment, and that is- never invest more than you can afford a loss! Investing is not about 100 percent profit. You may lose, or your may win.

Created in 2009, Bitcoin has gone through some really amazing transformation. The cryptocurrency has gone from weeny cents to over $19,000 (which has dropped to a little over $13,000 due to market conditions). But even at its current price as at the time of writing this article, Bitcoin can still be said to have gained huge heights over the years.

One good way of looking at this transformation is the Bitcoin Pizza Story. On May 22, 2010, a guy in Florida, who goes by the name of Laszlo Hanyecz, paid 10,000 BTC for just 2 boxes of pizza. Now imagine how much 10,000 Bitcoins will be at the rate of $13,000 per bitcoin. That's a massive $130 million against the $40 they were worth at that time. Now, isn't that incredible?

Bitcoin has continued to grow and market analysts are saying the growth is not going to stop anytime soon. Is there actually no limit to how much surge Bitcoin can undergo? While this is a question that no one can answer, there are a lot of people who have been describing the bitcoin rave as a bubble that is bound to pop off anytime soon. On the other hand, there are those who believe that in the nearest future, Bitcoin will grow up with a two hundred percent increase. How true are theses speculations?

Well, we've put together some conditions for the price prediction of Bitcoin by the year 2020. Note that while this prediction might be wrong (due to the cryptocurrency's high volatility) but there's a good chance of it being right. With that said, let's get down to business.


1. BITCOIN TO ATTAIN $500,000 IF IT BECOMES A CURRENCY USED AROUND THE WORLD

Markets experts have stated that Bitcoin might reach an all-time high of 500 thousand dollars (501, 493) to be precise, if it should become very popular to the extent where it makes up at least ten percent of the world's money supply. This seems like a great prediction for 2020, but we need to consider the volatility which Bitcoin has been noted for, and the fact that people are yet to get on board the cryptocurrency train.

For this prediction to become true, Bitcoin needs to meet some certain conditions by 2020. First it needs to become very popular and noticeable by people who aren't tech-savvy. This simply means that the usage of Bitcoin must be as simple as swiping your credit card or scanning your barcode at a payment terminal. Also, the value of Bitcoin must become stable, which as a matter of fact, is contradictory to the prediction of attaining the $500,000 height.

Besides being popular and being stable, Bitcoin's network, the Blockchain, also needs to undergo a lot of improvement as the Blockchain is currently able to process just about three transactions per second. Looking at the what this prediction is all about, that doesn't seem like a great number; that's like one percent of what the network will need to process should BTC become a worldwide currency known and used by everybody. Do you see this happening in 2020? Maybe, maybe not.

2.  BITCOIN WILL HIT $1 MILLION DOLLARS BY 2020

According to tech giant, John McAfee, Bitcoin is going to hit one million dollars by the end of 2020. John seems so sure of this number that he even said he's going to eat his genitals if his prediction doesn't come to pass. But will it? McAfee had actually predicted that the price of BTC was going to end 2020 with the $500,000 mark. But when he made the $1 million dollar prediction, he stated that the first prediction he made was based on BTC staying on the $5,000 mark by the end of 2017.

Bitcoin has seen some great surges, and although it has gone through some down trends this December, it's still higher than the $5,000 mark. Maybe this was what prompted McAfee to predict such an incredible amount for the rise of BTC come 2020 to the extent that he bet his manhood on it. However, there was a comment from Craig Wright that stated that what McAfee was proposing might be a combination of BTC and BCH. The CEO of Civic, Vinny Lingham had previously asked John if he was talking about BCH or BTC, but McAfee gave no direct answer, asking Vinny to use his head.

McAfee has been known to be a loud supporter of BCH. So maybe what Vinny said is true. Bitcoin might get to the one million dollar height but that's if you combine the fork's value and the value of Bitcoin together.

3. BITCOIN MIGHT CRASH DOWN TO $100 OR LESS COME 2020

This prediction can only come to pass if Bitcoin doesn't overcome its challenges. And what challenges might that be? Well, let's assume Bitcoin doesn't become a widely used currency as proposed, and neither does it become a store of wealth like some market analysts are expecting it to be, it's safe to say that the cryptocurrency will come crashing down and the crash would be a really bad one.

If Bitcoin is going to gain more momentum as proposed in the first two predictions, it needs to be a currency that everyone knows how to use or it becomes an investment that people can use to store their wealth. If Bitcoin doesn't fall into any of these two categories, there's a high chance that investors will start backing out, which will automatically lead to the downfall of the coin. Besides this, there are some other things that could cause BTC to crash, though maybe not as hard as those two factors. Some of these other factors include

·      If a big exchange, like Coinbase, is hacked.
·     There's more selling than buying in the future
·     The Blockchain isn't improved, that is, the capacity of the network isn't improved and transaction time becomes longer.

Someone's loss is equal to someone's win. Mind it. I have found an article about bitcoin prediction from a bitcoin forum, and here it is. My long term price predictions are as follows:

Scenario 1


March 1st 2018 - $8,950 per 1 BTC

March 1st 2019 - $68,059 per 1 BTC
March 1st 2020 - $517,536 per 1 BTC
March 1st 2021 - $3,935,454 Per 1 BTC

How I arrived at the above numbers........


July 17th, 2010 bitcoin price was $0.05 (the price when it started TRADING)

and on Dec 6th, 2010 bitcoin price was $375.00
Time interval between both dates is 1604 days or 53 months
The computed doubling time for Bitcoin worked out to be 4.1 months between the two dates
i.e., every 4.1 months over the 53 months period , the price doubled.


I then took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years again assuming it ( the price ) will be doubling every 4.1 months ( which is historically what it did between July 17th, 2010 and December 6th, 2010)

Before entering in Bitcoin trading world, I would suggest you to make a proper research. Here is a great book, that can really help you to make $$$$$ profit. As this is not conventional trading method, so gaining knowledge is the only way!


Read More: What You Need To Know About Bitcoin

Scenario 2



July 17th, 2010 bitcoin price was $0.05 (the price when it started TRADING). 28th Feb 2017 bitcoin price was $1177. Time interval between both dates is 2418 days or 79.497 months. Then I took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years, again assuming it ( the price ) will be doubling every 5.473 months   ( which is historically what it did between July 17th, 2010 and Feb 28th, 2017)

which gives the following price predictions

March 1st 2018 - $5,403 per 1 BTC
March 1st 2019 - $24,699 per 1 BTC
March 1st 2020 - $112,699 per 1 BTC
March 1st 2021 - $516,115 Per 1 BTC


Both scenarios assume that the price doubling is constant going forward, and yes I know it won't actually happen like that, but it a good exercise to see how close I end up being to my original scenario 1 & 2 predictions.

No, I don't mean it's 100 percent correct, but I'll mention some prediction in this post, and I will check it by 2020, which one is close to the reality! Another prediction is here- Bobby Lee, BTCC’s co-founder and CEO recently tweeted about bitcoin price prediction by 2020, which is between $5,000 and $11,000, after the block reward halving. Bobby Lee is an entrepreneur, who regularly makes predictions, also stated the daily inflow would scale accordingly – from the current $2 million a day level, up to $5-$10 million a day.


According to Jeremy Liew, the first investor in Snapchat, and Blockchain CEO and co-founder Peter Smith. In a presentation sent to Business Insider, the duo laid out their case for why it's reasonable for bitcoin to explode to $500,000 by 2030.
BitGo Software Engineer Jameson Lopp revealed that if the seven-year trend of Bitcoin price continues, Bitcoin will be valued at around $250,000 by 2020. Another interesting prediction is here. Three Years Ago This Equation Predicted $2400 Bitcoin for 2017. In 2020, It Says Bitcoin Will be $30,000.

Read Also- Buy Bitcoin With Credit Card


The price of Bitcoin is expected to rise in the nearest future, but still there are some conditions the cryptocurrency need to meet before then. Will it be able to overcome these conditions? This is a question that is yet to have an answer.

I remember that day when bitcoin was 20000 rupees, and I told my mum, bitcoin is very costly now, if we bought some, it would be great. I had no idea that bitcoin will reach 3000$ (2100000 rupees) by 2017. Currently, I'm holding few bitcoins, and those are saved in a paper wallet. I will not touch them at least for 4-5 years. Bitcoin is really promising, and it is here to stay. Not only bitcoin, but i hope we will see some good results also from Ethereum and Stratis. We have a Facebook community also about cryptocurrency where we discuss everyday bitcoin and altcoins. If anyone wants to invest on cryptocurrency, that's really good but remember that always invest the limit that you afford to lose. Well, no more today. If you have any doubt or question, feel free to contact me here. Just do drop a comment below. If you really really like this post, then please do share it with your friends via social networks like google plus, twitter, Facebook, Linkedin, StumbleUpon etc. if you want to get all the latest updates of this blog, you can like my Facebook page, follow on Twitter or subscribe my blog feed. Take care. Have a nice day.
.................................................................................

4 comments:

  1. I have about 10,000 BITCOINS I have distributed into different Hard and Web wallets which I bought back in the days (I think 2009) when it was only US$0.008 for a total price of only US$80 that time. Now at the time of my writing this message, I have about an asset of US$4,000 x 10,000 = US$40 Million. I will encash these slowly into different Exchange Market. Will this be taxable? What do you think? Please e-mail me at [email protected] for information or tips.

    ReplyDelete
  2. I have about 10,000 BITCOINS I have distributed into different Hard and Web wallets which I bought back in the days (I think 2009 or 2010) when it was only US$0.008 for a total price of only US$80 that time. Now at the time of my writing this message, I have about an asset of US$4,000 x 10,000 = US$40 Million. I will encash these slowly into different Exchange Market. Will this be taxable?

    ReplyDelete
  3. if you are not lying then hire a financial adviser!!

    ReplyDelete
  4. Yes,it is taxable and in high rate. Because it is idle income. If you want not to pay tax (even a single dollar) then request me private in my mail. [email protected]

    ReplyDelete

Sourajit_Saha
Hi, I’m Sourajit Saha, An Online Marketer & Cryptocurrency Spectator From Kolkata, India. I Have Been Blogging Since Last Quarter Of 2010. I Started Blogging As A Hobby, And Soon It Turned Into Passion And Later Profession. Click Here To Know About Me!

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