Bitcoin could hit $500K or drop to zero

[Monster5]

Over time its demand and price both increase we have to wait patiently for this even if the price goes down there is a possibility of increasing it in the next step.

[Jawahara]

Bitcoin to reach $500k is way lot of exaggeration or i say impossible. So far, Bitcoin ATH was $20k and guess what happened afterwards, Iit dropped down to around $3k. I strongly believe in bitcoin, don't get me wrong but saying it will ever hit $500k is totally impossible.

[Alcor]

Bitcoin to reach $500k is way lot of exaggeration or i say impossible. So far, Bitcoin ATH was $20k and guess what happened afterwards, Iit dropped down to around $3k. I strongly believe in bitcoin, don't get me wrong but saying it will ever hit $500k is totally impossible.

Yes, I absolutely agree with you. Half a million dollars is probably an unattainable price for any currency. However, Bitcoin also cannot depreciate sharply yet.

[mahid]

This is not a good prediction and also not good heading. Those two things are not realistic. 500K is huge amount and other side zero is also impossible. For this reason i can not say about the question. This is irreverent. 

[trauchot]

This is too high price, we can only dream of such price, so for a start we want to see how bitcoin will reach its previous highest mark 20k$ and then it will be possible to dream of new heights, but for now we just need to wait and hope that bitcoin will soon start quickly rise in value.

[Jawahara]

Hopefully when full regulation comes into play and the global world accept Bitcoin as a valid means of transactions, then the value will increase more but definitely not to the tone of $500k, highly impossible for the next 5-10 years.

[mlawson71]

I agree. I think even considering such an immense rally for the foreseeable future is pointless.

[MrSpasybo]

At least in 2020, the BTC price will not reach $500K nor fall back to $0, I think BTC price will stabilize around $10K. If the market shows positive signs, the price of BTC will reach $15K, otherwise, the price of BTC will return to $7.5K.
We should not count BTC as DeFi tokens

[zilzylian]

500k usd is a high price for Bitcoin, given the halving that has happened and more and more members of the crypto community are choosing Bitcoin, the new ATH will be reached but the increase will be slow as many Bitcoin holders are waiting very patiently to see Bitcoin price increase in the next year which is 2021.
Selling Bitcoin at a high price will be the choice of holders and miners. Let's see what happens at the end of this year.

[mlawson71]

I still think that whatever happens, BTC won't rally all the way to 500K.

[comer]

I still think that whatever happens, BTC won't rally all the way to 500K.

it's also my thought but at least this year only. the following year maybe it will. We all know that crypto currency ecosystem is very volatile in nature. we saw it from less than a dollar when it was created to almost $20k last 2017. so everything here is a possibility.

[Bobcrypto]

Bitcoin could hit $500K or drop to zero

In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view... See more for yourself here.

Your opinion is greatly appreciated.

Firstly, Bitcoin may not touch $500k in the next  10years and can never drop to $0 zero. The Bloomberg’s analyst Mike McGlone prediction, in my opinion, could be a personal opinion and such prediction has every tendency to fail. Bitcoin has come a long wau but hitting &500k or going down to $0 look very unrealistic and imposing mark.
Lastly, Bitcoin will definitely create new all time high in near future and will also increase adoption and popularity.

[sampoerna]

Who stated that the price will go to zero? Look at the fact that Bitcoin is the main crypto asset and the adoption is growing quite well so far. With this consideration, it seems unlikely to happen about the zero price of Bitcoin. I don't see a sign that Bitcoin price drops very severe like that till now. Let's hope people will always use it for various purposes.

[lepbagong]

If we look at it from the crypto side, it is possible that anything can happen but is it realistic? This is also a question that needs to be answered and understood that if bitcoin drops to 0, then crypto is definitely over. but that will not happen because until now bitcoin is still being sought and hunted and made a very lucrative investment so the worst possibility will not be possible.

look at how many times bitcoin has crossed $ 12K even though it fell again in the range of $ 9k- $ 10K, but that's one indication that bitcoin has started to show itself that it will move up until the end of the year. even predicted an increase in bitcoin until next year, such as the estimated Halving. so don't lose the opportunity to also be able to enjoy the greatness of bitcoin.

[UNIVERSE]

Isn't this too high to predict the highest or lowest price related to BTC?
It's possible if BTC could hit $ 500k even though sometime that will happen. But what about back to ZERO? I'm not sure because everyone or BTC holders certainly don't want it. Unless there are a world war and technology is useless.