Bitcoin price prediction

in #bitcoin7 years ago

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What is the bitcoin price prediction for 2017, 2018, 2019 and 2020?

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BTC to USD prediction for October 2017.

The expected price for beginning of October 3689 Dollars. The predicted maximum price 4579 and minimum 3689. Averaged price for month 4059. Bitcoin at the end 4279, change for October will be nearly 15.99%.

BTC to USD prediction for October 2018.

In the bgining of october 8857 Dollars. The predicted maximum price 8857 and minimum 7695. Averaged price for month 8421. Bitcoin at the end 8274, change for October will be nearly -6.58%.

BTC to USD prediction for October 2019.

The price for beginning of October (OMG) 17416 Dollars. The predicted maximum price 19121 and minimum 16619. Averaged price for month 17757. Bitcoin at the end 17870, change in October 2.61%.

Bitcoin is a network and as such it creates a network effect that is speeding up adoption at an high rate.

                     WHY I THINK BITCOIN PRICE WILL BE AROUND 9000 - 10000 USD BY THE END OF 3 YEARS FROM TODAY.
  1. People who dont know much about Bitcoin, even they are investing little bit just to see the response and there has been lot of people or you can say Bitcoin users that increasing in alarming rate.

  2. More and more professional blogger are writing about bitcoin as it does things like “made millionaires”. This is a classic case of more begets more and as the more records it hits, the more exposure it will receive which in turn will drive more people to pile onto the hype that surrounds it.

  3. Some politicians are actually trying to find ways to create an economy that enables blockchain technology so as to set their countries for immense wealth and economic advantage.

  4. Lot of bitcoin exchanges and new startups as well as lot of new apps for bitcoin are one of the main reasons for btc to be at the top always.

The bitcoin usage data looks great.Bitcoin is a form of money, the widening acceptance of bitcoin is the most fundamental data point to consider.

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I personally think the Bitcoin predictions for 2018 and 2019 are way lower than they will be.

Great point but I think BTC could be way higher in 10 years than just 20k...20k would be just considering fiat inflation over the years with this costant 70 billion daily market cap, plus dollar is collapsing...BTC has also a huge market both as a worldwide transactional currency and store of value.
This thing is a huge deal, combined with mainstream usage, improvement of the technology, finite supply...20k is just nothing imho

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