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

It's unbelievable, at this rate it would go beyond 20K before Christmas! 

It's going down a little, some hours ago it was over 17k, now is under 14k. Maybe it's time to buy some more 

I just checked on Blockchain,  $16,428 .    At this rate it might hit $500,000  waaay  before 2030.....Just a thought.   I saw it move over $1000  in a day!   how weird is that?

I read that 1,000 people own 40% of the Bitcoin market. So I guess the exchange rate can be heavily influenced by those people, among other factors. 

highly speculative where BTC price will go.  as Johnmny mentioned there is a small percentage of people owning a large percentage of the market. As hedge fund managers can influence the price in extremely liquid markets such as forex so can the crypto market, contrary to popular belief. A major sell off could cause a landslide in price  when heavy investors decide to take profits so dont be fooled into thinking it can just go up all the time. Its been going up consistently so far because people are buying and holding and the big investors love this because price just keeps rising but be warned when the big boys start deciding to take their profits they can wipe out all the little investors very very quickly.

personally I would think about offsetting some of my investment into LTC and ETH if i was trading cryptos.

I had no idea the ownership was that lopsided Johnny.   With all this  investing that's benn happening will come a lot more regulations.  I think we will see a clearer definition of Bitcoin as a currency/non-currency, etc.   Right now in many countries it's kind of a gray area.   

definitely not

Definitely not what? 

I think jarga is referring to BTC not hitting $500K mark

I used to think there is no way it's ever going to reach $1000.   Now I'm feeling pretty stupid!  (Also stupid because I didn't sock away a few thousand.... aaaagh don't get me started!!)  Anyways,  my  point is, it really wouldn't surprise me at  this point if it DID reach 500K or it didn't. 

I was watching it raising everyday and checking the price. even when it drops from 3000 to 1800. i didnt buy it. I feel soo stupid.

This is normal. Now, if you bought 1600, and bitcoin went down to 600, that would be fun.)

This is crazy!   Now  I find myself checking the price several times a day.   $19,670  At Blockchain right now.  almost 20K !!!  This has increased more than  $18,000  since Zuga started this thread 8? months ago. 

It is closing $20,000 mark now! 

This is absolute torture......I did mention  earlier about 2 years ago I won 3 Bitcoins/cashed out 2500mBtc (around $900) at the time.....just think if I had saved 2  Btc. 

Yeah. After this fall, it is not clear whether it will grow again. If everyone now sells quickly, it will become cheaper.

I'd like add that there are lots of reasons to invest into Bitcoin but also look into and research what the blockchain truly is and is capable of doing in the near future. With that said, there are lots of altcoins to look at and purchase if possible that will rise in value quickly. 

and we are back to $8000+  what a ride 

looks like the market is slowly consolidating and the major resistance level around $9000.

and it just broke $10K again! giddy up 

Buckle up, the rollercoaster is in motion again! :)

Still, I think it will not reach the previous heights. And probably no more big jumps. Although who knows ...

ok so its been a ruff few days. BTC peaked just over $11,600 on 20th Feb. And then it brokedown taking all other alt coins with it. 

Yesterday it hit what it seems like current bottom at $9580 or so only to go back above $10,300 as Im writing these lines.

I think it will try to test the resistance around $10,600 and breakout again. if it fails to do so i would expect it to go down and test $9,500 support again.

If you are trading I would recommend you to read and follow this guy. He seems to have pretty good explanations for market behaviour , but more so his blogs are quite educaitonal. https://www.tradingview.com/u/MagicPoopCannon/

just below $9,400 atm./  Bears are most likely to test $9000 mark. If its borken then BTC might go down to $8000. If support holds then Im expecting the price to bounce back close to $11K.

gonna be exciting next few days for sure.

 I think all the uncertainty and threats of closure of sites, regulation, etc.  have been wreaking havoc lately.   Also,  it seems like there's a new currency poppin' up almost every week.  

I don't know Zuga,   I used to think this Bull run was going to go on for a while and now there have been a few speed bumps.  That $500K   is looking a little out of reach for the moment.......

well thats the crypto market right there, super volatile, with huge ups and downs. The key is to catch those swings on time and make profit. ( at least what Im trying to do with some limitted success atm but Im still very new to trading  )

Yeah, I think you mentioned something about the other currencies earlier Zuga.   There are just too many "cryptos"  out there now for my liking.   I think that affects the value as well. 

for the past couple weeks BTC has been bouncing back and forth ( tween $8-9K ). Since Friday it did not manage to break out $9K, so as a consequence we are now witnessing breakdown with an epic battle to breach below $8K.

So far bulls are holding and not allowing this to happen, so we shall see. 

Looks like Feb and March ( so far ) are consolidation months, so more volatility to be expected....

It seems to me that it is already clear that there will be no 500,000. Well, or I do not know what such a grandiose can happen that would grow big started.

I think that the bitcoins wont raised more than 20000 cause the potencial investiment suprise of the merchant are already known and explored . 

Nope ! 2030 so late for BTC.

2022 bitcoin price will up to  $50,000 per  Bitcoin 1.00000000.

BTC currently sitting around $8500. Bulls are trying to push the price to $9K region. If breached with volume we can again see an attempt at $10K..

on a down side it can go below $8K if bulls are not successful. 

overall I think we will see an up trend in the weeks and months to come and  im betting on it ( literally ). 

Bitcoin is down about 370 today as well as other major crypto's but Bit cash seems to be picking up a little ground right now. This is the time to get in the crypto market. The swings of bitcoin and other majors are easy to spot and pose investment opportunities. You not going to get substantial returns with CD's, Notes, Bonds, or regular bank interest.

There's still a higher percentage that Bitcoin will reach 50,000 than going to 5,000. According to crypto and market analysist's.

so bears managed quite easily to breach below $8000.  Lets see if $7000 holds! 

i think you are right, a lot of alt coins can be bought cheaply now when the market is bearish short term.

LoL, that looked as a proper question back then but after what happened in the last few months it loks redicilous now, isn't it?!

I still have a hold on a few coins but not anything I can't afford to loose if the rate dips even further which looks inevitable these days.

yeah BTC and alts been on a downtrend ever since mid January. When you think about it, it actually makes sense for price to correct after an insane bull run last year ( and especially  in December and early Jan).

What goes up must come down. The real question is where will it bottom and finish the correction. $6K looks like an obvious target, but since we are seeing low volume and not enough new money in the market, the price might test lower range ( $4-5K ) , so ive been told :)

what ever you do be smart and dont gamble . If u are a trader, make sure to manage your risk to reward and properly execute your stop losses! 

so everyone thought that the bulls took over ( having in mind that BTC went shy over $8K last month )... but looks like the big whales and market manipulators are back at it again . BTC currently looking weak and sitting at $6500.

Will it bounce back or continue to tank what r your thoughts?

I don't know what to expect from the crypto market, I have decided not to invest any more into it for now. However, I'll keep whatever cryptos I have for now and I probably won't sell them any time soon either. 

I don't ever see bitcoin going that high unfortunetely, but don't get me wrong I am a huge supporter for Bitcoin and many other Cryptocurrencies. If Bitcoin was to get as high as $500,000 it's a damn good thing btc goes back to 8 decimals or else no one would be able to afford it lol. Imagine thought if you were holding 10 bitcoin and it hit a million and just kept rising never stopping. Sorry i just woke up out of my dream, where was I. Bitcoin and cryptocurrency will do great things for us in the near future. It's actually looking positive that we will get our first Bitcoin ETF any day now and if that happens, you just might see the price fly to the moon.

Truly,I dont think it will still be a currency. I think that there will be a WORLD CURRENCY. Not bitcoins or any other "digital," currency but an actual fiat currency!

I truly don't understand what the hype is about big going to be honest I've used them for years I have lost millions of dollars through the years and I buy gambling and that right there has been my down fall.

I don't think it gonna reach that. Price in next 10 years

BTC is sinking atm. Down to around $4,600 atm.  Half a mil now looks like a long forgotten dream 

Indeed. I'd be very happy if it would get back to USD 10,000 at this point :) 

Yeah Zuga, I'm not so sure anymore....seems to me like it might have peaked....I think it might be stabilized for now....I don't know how or why at this point we would see future wild swings in value.

Not really, Bitcoin needs to retract to lower values every time it hits an ATH.

This sideways run should last for a year or 2, I doubt there will be a return to 10k before late 2020 or early 2021. Also whales use that to buy  more Bitcoins, so they can make even more money in the next bull run. And they do control the price movement with their big volume trades already, which makes these big drops in value a great tool to scare people who have much to lose and panick sell at this point, with big loses. If you take a good look at the stock market, same thing is repeating, whales making money of panick sells. 

Bitcoin is here for the long run, as it won't disappear or whatever, and it is already widely accepted and used in high enough volumes. People doubted Bitcoins when I first bought some in 2014. I made money, they doubted it when I re-bought, same thing, and it happened once again. It will go on as it is a coordinated action to make big money, as much as it doesn't look like that from the outside.

theres been too much manipulation with the price of BTC and other crypto, pumps and dumps and a lot of innocent ppl got hurt.

with that said i do firmly believe in crypto