Do you think bitcoin price will hit $500,000 mark by 2030?

Hi LCB'ers,

so we all know how volatile this cryptocurrency can be. As of lately it has been on a steady rise ( granted with couple of hiccups ) and its currently sitting at around $1200 for one BTC ( crazy huh? ).

Now please cast your votes whether you think its possible to hit $500,000 as some experts are predicting : https://jswqzs.com/news/bitcoin-worth-500k-by-2030

honestly there is nothing more I wish than to hit $500K ( i got one BTC ) but at the same time i think the chances are slim. one can only hope !

It's pretty hard to imagine that it's value will be so high, but who knows... 

i am pretty sure the price will keep going up, but I do not think there is anyway it is going to get as high as that. 

No possible

nothing can worth so much for exchange

money.gold etc

yes it is unlikely but who knows... price has almost doubled in the last 6months and i would be happy if its ever to reach $3000

yes but how you do transactions?

if i want deposit 10 euro for ex in bitcoin how much it is? 0.000000...?

something need be changed and will no more be authentic .original 

1 US Dollar equals
0.00083 Bitcoin in 2017

i think need be accesible for all kind peoples to understand value

Now at all bitcoin casinos bets are in mBTC and you can play slots for 0.01 mBTC (0.00001 BTC) per line.

It is not a problem.

Thank you Zuga for a nice topic.!  I feel that it would be possible for the Bitcoin currency to grow tremendously and fast, particularly in the investor's market. But, with the breakdown of units, i.e. btc, mbtc, ubtc, satoshi, etc., it's a slim chance to reach $500,000 in my opinion in certain criterias.  Though I feel that now is the time for Investors to move forward and capitalize during this high rate growth period. For small to medium bitcoin usage, the breakdown is being pushed in certain markets that I am still trying to learn the Bitcoin currency and totally lost understanding the conversions, which causes me to loose  the Bitcoins that I have invested in.

just in case thank you for info

i will keep few $ in blockchain wallet waiting for 2030 to get rich

or in bitcoin casinos account?

here is the reasoning behind this prediction:

1.A $1,000 bitcoin price in 2017.

2. The bitcoin user network will grow 61 times through 2030. A population of bitcoin users comprising 5% of the world’s population in 2030 will drive the price to $500,000 in 2030. From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030.

3. The average bitcoin value per user will hit $25,000. When institutional investors cash in their bitcoins, bitcoin-based ETFs and trading by sophisticated investors will increase, pushing the average value to $25,000. With a current market cap of $17.4 billion and 6.5 million users, the average user now holds $2,515 of bitcoin.

4. The 2030 market cap is based on the number of bitcoin holders multiplied by the average held bitcoin value.
The cryptocurrency’s 2030 supply will be about 20 million.

5. The 2030 price and user count will total $500,000 and 400 million, respectively. The price is determined by taking the $10 trillion market cap and dividing it by 20 million bitcoins, the fixed supply.

source taken from :https://www.cryptocoinsnews.com/bitcoin-price-hit-500000-2030-says-snapchats-first-investor/

13 years isnt so much

I understand the reasoning behind the prediction but at the same time I find it hard to believe its possible for me to buy one bitcoin now and than almost grow rich in 13 years by doing nothing other than holding to that one bitcoin (or two for double effect ). 

That article makes it really believable considering that with so many obstacles already, the value of Bitcoin has overall increased. I'd say there are slim chances that the Bitcoin will reach that value, but even a slim chance is a chance. :) I guess it is difficult to wrap your head around it, seems unbelievable. 

It's a bit complicated for me, I'm mostly a man that understands the world through words and humanist concepts, complex operations with numbers give me headaches :) However, the reasoning looks logic and solid so I guess it could happen. 

Honestly, I'm a very pragmatic person but I think it worth to try. Maybe the chances are small, but still chances 

"This time next year, we'll be Millionaires"

I have to agree with Johnny here, this kind of stuff gives me headaches :) I'm still trying to get used to Bitcoin, so I won't even pretend to be very knowledgeable on the subject. It will rise in the coming years for sure, and I think it's going to be a steady climb, nothing crazy. But 2030, hmm, too many variables to factor in over a long perod of time. I see some predict it will go up 200% by year's end, so $500k is definitely not too big of a stretch.

 To clarify my point of view further: when you look at the strength of dollar now for example, which is nearly as strong as euro, it is generally a reflection of some stock market growth in the US. In other words, its value is dependant on the strength of that country's economy. However, there are some factors that make it impossible to grow indefinitely like that. As an example, strong dollar is not good for US companies on international trade, since it makes a US product less competitive price wise. So at some point, dollar needs to stop growing/fall in value, or goverment might manipulate the currency with some measures to make US products competitive price-wise

Now when it comes to bitcoin, because there is always the same amount of bitcoins in the world it should grow in value the more people there is using it/owning it. Since I'm not an educated economist, I don't know all of the factors that could influence this growth, but so far I'm not aware of a single thing that has grown in value 50.000% or 500 times over one decade or so. Since I first heard of bitcoin, it did grown from roughly $450 to the current value though... 

At this point when you look at that figure it seems highly unlikely, but bitcoin is all about the mathematics so predictions might be right. Just in case maybe I should start mining, wait for 13 years, and see :)

Having had to check out the value of Bitcoin from 2 years ago (around the $230-$240 mark for one bitcoin), I absolutely think it's possible to reach $500k value by 2030, assuming it continues rising at the rate it is now.

I would like to think it will be worth big bucks by 2030 but I not exactly sold it will happen. Is it a new way to gamble now, isn't it? It would take great diligence not to cash in before its full value. 

I dont think it will reach that much...  if thats going to happen and given bitcoin getting more mainstream and getting regulated in countries like Japan and Russia ( soon enuff ), then it would be 10-20x the current value which still would be awesome.

some of the casinos are almost forcing bitcoin by saying your debit card isint working but then miraculosly it does it can mnot be a prepaid debit card to buy bit coin it has to be a credit card

USA players have limitted banking options and often credit/debit cards won't work. Not saying its good to force bitcoin upon anyone, but it is definitely a good alternative especially for the US player.

Probably it will raise but not that much . If the price are too high people will not have much money to buy.....

Probably it will raise but not that much too. In 2013, bitcoin also cost $ 1000 and then fell in price to $ 500. And already in 2017 again rose to 1000 dollars. I think that growth will again be followed by a fall.

Hey guys,  I just checked on Blockchain for the latest (as of a few minutes ago)   $1737 = 1 BTC .  I'm still reeling  from the fact it broke $800.    I remember when it was around $200 and change.   It was great,  I could spend a few dollars and play for hours it seemed.   Now the mBTC  is more valuable than a dollar OR  Euro.  I don't know why this is happening but I'm going to start putting some extra dollars in a  Bitcoin vault/wallet and let it cook for a while.  I know this is subject to fluctuations but I  wish I had invested more in this earlier.

perhaps u are investing at the right time now if itsreally gonna hit $500K by 2030 

tbh i dont think it will ever reach that much, but giving its trending it is possible to reach $20K-50K by that year. Then again it can go bust by that time..

I would still get few BTC and write them off , so to speak, sit on it for a while.

Okay,   I know I'm getting a little obsessive about this but----Dayum!!  I  just checked on Blockchain  a few minutes ago and it's up to  $1830 and change!  It seems like it's going up almost every day now.   I am definitely going to start putting any spare change into an e-wallet.  The way I figure it,  it's (oviously)  a function of  supply/demand.   I mean, I think  there's a maximum of 21 million Bitcoins  that will ever be mined.   When  that 21 million coin mark is hit,   I don't know how high (or low) this puppy's gonna'  go.   I don't think it'll hit 500,000 but it's  climbing better than any 401k I've ever had,  LMAO!

yeah crazy. Some experts say it will reach $3000 by year's end... quite possible if the current trend continues.

Yeah,  I'll tell you Zuga,  I'm not laughing now,  I'm just in awe!    I think it might top $2000 by tonight !!

hell if this trend continues its gonna be worth a lot more more than $3K by end of the year...

I totally agree. The traffic congestion is a nightmare though.   I can't  believe the number of  pending transactions.  I just had one go through apparently that had been like 4 days awaiting confirmation.

it is INSANE  its closing $2200 value!  Plus read about our latest editorial on the All time high bitcoin price

This is crazy!!  A good kind of crazy, mind you.   Zuga,  I checked on Cubits and Blockchain   a little while ago and  they were BOTH over  $2700 USD !!  I was just thinking yesterday,  "crap,  this is going to hit 2600"   Unbelievable.  It's  getting kind of scary because  I think most of us probably realize that even if prices do drop,  they probably won't fall far and even if they did,  I don't really think it'll  ever go below $1000  again.   I 'gotta put some money in quick !!  LMAO!!

better chop chop! 

wow crazy times! BTC was all over the place for the last 7 days or so.  sitting comfy at $2288 atm

There's been speculation that it should have reached $2,500 by June.  So far they only have 2 days left to go to see this happen.  There getting close and were there for a brief period last week.

We shall see, it'd be a nice birthday present to see BTC get that high.  It'd be an even nicer Birthday present to see that 500k mark by 2030 on my birthday.  BTW June 1st would be my birthday guys, and I'm hoping to see that goal. :)

let me be the first to wish you a great birthday . May the Gods of variance be on your side 

yeah happy early birthday friend. 

here is an excellent article about why this cooling down in price and sort of a consolidation is good thing: http://www.investopedia.com/news/why-bitcoin-price-correction-good-bitcoin/

Hey,  Happy Early Birthday Cheetahwind !!   Yeah,  I figured the price would kind of stabilize/correct itself,  re-calibrate,  whatever you want to call  it.   I  have a feeling that this trend,  cycle, will continue  in the upwards direction maybe not as fast but I seriously doubt  we will see Bitcoin drop below $1000  anytime soon,  if ever.  Does anyone know when the 21 million  mark is expected to be reached?  I think  that's when things are going to get really interesting.  

current price: $2421.05

Yeah,  I'm cool with the current value,  at least it doesn't appear to be dropping like some markets.  I figure like almost anything there will be wild swings.   Just hope to be on the right side .....LOL.

the price dropped a lil this morn , currently sitting at USD $2373.25

Half a million in how long? Well I don't know if it will ever get the high because then what could they seriously be used for? Would become ridiculous but hey we that hold bitcoin can always dream can't we :)

they say by 2030... we shall see

Bitcoin is surely rising, and fast. But accurately predicting its future value is tricky, since its volatile. But I also hardly imagine bitcoin will expand to half a million in 2030. That's like a 5% chance.