Bitcoin all time price chart (logarithmic scale)

By March 4, 2015Bitcoin Business
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I think it's incredibly hard to tell where the price goes next. The environment and the effects on price are totally different from early years.

Chance of Bitcoin collapsing: 10%

It's unlikely that we will see Bitcoin collapse to $10 in the next two decades. Most people won't sell or spend at those low prices even if they lost hope, unless they are starving and need the money. There isn't enough available coins on the market to push prices that low even in a very grave situation, like governments banning bitcoin and bitcoin having a massive code fail. Investors will always speculate that this is temporary setback and will buy up at low prices and it would be a rational thing to do. I know I would.

Chance of Bitcoin being close to saturation point: 25%

It's possible we are "close" to a saturation point in terms of usage. Bitcoin may never reach tens of millions of users. We may only see a small increase in price generated by current users increasing their bitcoin investments and some new users. In this scenario innovation will be slow, but still happen and the price will always remain in the hundreds.

Chance of aggressive growth: 55%

It's also possible and likely in my opinion that the new hardware and software solutions currently in the works or on the table as ideas, will make Bitcoin significantly easier to use in the next couple of years. This will open up the market for significantly more users pushing the price up into the 2K-5K range. As soon as we see a recovery to $700-800 ranges we will see a massive rally as the worries of bitcoin being "dead" will dissipate and lots of people will want to jump on the bandwagon to make a quick buck.

Chance of Bitcoin taking over the World: 10%

In my opinion Bitcoin won't take over the existing financial system and reach a price of million dollars per coin within the next 2 decades. Bitcoin will live alongside the old currencies as an alternative smaller free brother. Its innovations however will influence changes in the traditional financial world and will consequently benefit us all with more transparency, lower costs, faster transaction times, etc.

Chance of Bitcoin collapsing: 10%

It’s unlikely that we will see Bitcoin collapse to $10 in the next two decades. Most people won’t sell or spend at those low prices even if they lost hope, unless they are starving and need the money. There isn’t enough available coins on […]

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