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Author Topic: Bitcoin Longterm Price Target  (Read 1047 times)

indian_blog

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Bitcoin Longterm Price Target
« on: August 18, 2022, 08:41:50 AM »
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?

I made this calculation for an adoption of 50 % of the current world population:

21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.

If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.

This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.

If you have different approaches feel free to share!

CryptoboyRamesh

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  • Re: Bitcoin Longterm Price Target
    « Reply #1 on: August 18, 2022, 05:03:05 PM »
    It's extremely hard to make price estimations knowing that there are a lot of different theses(day-to-day currency/blackmarket currency/SoV/a combination of a few/etc) and different factors(theses/demographics/etc) to take into account.

    My take is just that it should be priced a lot higher in the future when the market sort of prices bitcoin a bit more accurately, compared to it's current state where it's pretty much just a scam/ponzi for most people.

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    Review_Master2

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    Re: Bitcoin Longterm Price Target
    « Reply #2 on: August 19, 2022, 04:58:48 AM »
    Also those 21million supply isnt 21million too.  Some of these are forgotten and loss in the blockchain due to such personal mistake and some of it also hasnt been mined all.

    Aiming to calculate the price isnt easy.  Not sure though if bitcoin supply is equally distributed,  what price it could reach.  But of course this is impssible since some have really big cut on the pie.

    indianCrypto

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    Re: Bitcoin Longterm Price Target
    « Reply #3 on: August 26, 2022, 01:26:28 AM »
    I'll say that sky is the limit if it's about the truest potential and price of bitcoin in the future. Take all of those halvings for example and when we say long term, it'll depend on how long you're looking at it.

    With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.

    Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?

    LucaMarco

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    Re: Bitcoin Longterm Price Target
    « Reply #4 on: August 26, 2022, 06:43:10 PM »
    Until Russia Ukraine war stop crypto price won't go high and those who are in loss can trade Forex as Dollar will gain more very soon so to get started FreshForex might be very helpful as they are now giving 300 percent deposit bonuses.

    indianCrypto

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    Re: Bitcoin Longterm Price Target
    « Reply #5 on: September 02, 2022, 12:04:59 PM »
    I'll say that sky is the limit if it's about the truest potential and price of bitcoin in the future. Take all of those halvings for example and when we say long term, it'll depend on how long you're looking at it.

    With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.

    Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?

    WarrenBevan

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    Re: Bitcoin Longterm Price Target
    « Reply #6 on: October 09, 2022, 01:10:57 PM »
    At the moment when I am wriitng this, bitcoin is moving at around 19000$ so investors now can deposit their money here and obviously they can use TP Global FX broker cause there they will gte very lucrative deposit bonuses and leverage facilities.

    brainstorm212

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    Re: Bitcoin Longterm Price Target
    « Reply #7 on: October 26, 2022, 01:31:09 AM »
    When it comes to Bitcoin, I think it is very individual. It is a platform that can help you make a lot of money if you only have luck. But, for others, it might not work. It depends on plenty of things. I once read an article on stephenswmg.com about how diverse it can be. It was said that there are few protections currently because there are no crypto standards or oversight. Also, there are a lot of people who use crypto for trafficking, terrorism, or money laundering. It means that if you know what you do, you can make a lot of money, but before starting, you need to learn about it and ensure it is secure.
    « Last Edit: October 27, 2022, 10:57:31 AM by brainstorm212 »

     

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