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Board Beginners & Help
Re: Will Bitcoin reach $ 3,333,333.00 in 2034 ?
by
bigbits
on 21/12/2013, 20:55:25 UTC
More realistic is max prediction value between 100,000 and 1,000,000. Obviously 10+ years


Not ten years, more like 2 years. If bitcoin keep rising at the current pace then we'll see a 50-100K BTC within the next two years.

Why should it keep rising at the same rate? That's what I like about bitbench's article: He starts talking about **value**, while all others just look at the price charts and make their "opinions" on how it would continue. Here's what I think: It's impossible to predict the future development of a chart just by looking that past chart. It **is** possible though, to **think** about long term value. All credit goes to bitbench to have that discussion started for Bitcoin. Nobody has done that before. Everyone just seems to "know" how the price will develop just by looking at how it has developed so far. It's soooo ridiculous.
Post
Topic
Board Beginners & Help
Topic OP
Will Bitcoin reach $ 3,333,333.00 in 2034 ?
by
bigbits
on 20/12/2013, 11:26:32 UTC
Hi there,

I accidentally stumbled upon this site: http://bitcoin-valuation.org/fair-value-bitcoin-28823/

That guy thinks Bitcoin will rise to over $ 3 million some day, and that today's fair value is over $ 38,000.  Shocked

Any ideas from anyone here in this forum in what respect he is right and in what respect he is wrong?

BUT: If he is right, please don't tell anyone except me!!!  Cheesy

Thanks, bigbits.