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Topic: 100 bitcoins. Will I be a millionaire by 2020? - page 30. (Read 77417 times)

legendary
Activity: 3892
Merit: 4331
Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  Grin
1.2 billion would be about a third of the marketcap today...

Maybe he is not native english and has mistaken billion with trillion. This would be the case in german for instance.

interesting, so "trillion" is called "billion" in german.
Confusing as heck for US folks.
I see... billion is called milliard(e).
Further, next one after is billiard (10^12), then trillion (10^18 instead of US 10^12).
so european trillion =a million of american trillions
legendary
Activity: 1442
Merit: 1016
Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  Grin
1.2 billion would be about a third of the marketcap today...

Maybe he is not native english and has mistaken billion with trillion. This would be the case in german for instance.
sr. member
Activity: 322
Merit: 250
Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  Grin
1.2 billion would be about a third of the marketcap today...
sr. member
Activity: 456
Merit: 275
Goldman Sachs predicts 1,2 bilions USD in bitcoin market . It is 50 000 USD for 1 BTC in future  Grin
legendary
Activity: 1358
Merit: 1016
I  think bitcoin price wll be around 10000 and more  USD in next year because big economy colaps. EUR and USD currency drop down and BTC increase value  to 10k


So if the dollar and euro drop we are down to the same old argument.....

If that actually happened, what would be the purchasing power of that 10k? I guess not a lot
sr. member
Activity: 456
Merit: 275
I  think bitcoin price wll be around 10000 and more  USD in next year because big economy colaps. EUR and USD currency drop down and BTC increase value  to 10k
full member
Activity: 215
Merit: 100
100 btc you will be lucky if you make it to $50,000, so no in my opinion you will not become a millionaire because of 100btc but don't be said neither will we!
legendary
Activity: 3248
Merit: 1070

1200 peak never happened it was all fabricated ad hoc

people keep beating up on this too much
markets are supposed to be efficient...you cannot fake the market upwards for a long time if it "wants" to go down or will have to spend a lot of money trying.
Was there a bubble in AMZN in 2000? 2001-2002 said that it was, and Henry Blodget with his $400 (now $100) target was driven out of Morgan Stanley as a result, but 2015 clearly says that it WASN'T a bubble afterall. Time has a habit of fixing old misconceptions.
Check out this AMZN chart on max range:bubble-crash-steady rise.
http://finance.yahoo.com/echarts?s=AMZN+Interactive#symbol=AMZN;range=my

it wasn't in fact for a long time but for two months or less( i don't remember exactly now), too short of a time for the price to skyrocket that much. it's obvious that it was all articulated by someone

there is a theory behind it that say it was an hacker of mtgox that with many bots raised it
legendary
Activity: 3892
Merit: 4331

1200 peak never happened it was all fabricated ad hoc

people keep beating up on this too much
markets are supposed to be efficient...you cannot fake the market upwards for a long time if it "wants" to go down or will have to spend a lot of money trying.
Was there a bubble in AMZN in 2000? 2001-2002 said that it was, and Henry Blodget with his $400 (now $100) target was driven out of Morgan Stanley as a result, but 2015 clearly says that it WASN'T a bubble afterall. Time has a habit of fixing old misconceptions.
Check out this AMZN chart on max range:bubble-crash-steady rise.
http://finance.yahoo.com/echarts?s=AMZN+Interactive#symbol=AMZN;range=my
newbie
Activity: 2
Merit: 0
You will be poorer than now because the money you used to buy this 100 btc will be all gone, nil,zero$.
legendary
Activity: 1358
Merit: 1016
I am not sure by 2020 you will be.

I think 100 is a great number and I am certain if Bitcoin continues you will be by 2025.

I wish I had 100!
hero member
Activity: 924
Merit: 1000
By this rate you will be a trillionaire for sure.
legendary
Activity: 2590
Merit: 3014
Welt Am Draht
Bitcoin's rise to its present value can happen tens or hundreds of times over without making that much of a splash in a wider context.

Going from $0 to $100,000 + means that you're well on your way to biting a chunk out of the global consciousness. That can only happen a handful of times and it needs to be something massively compelling.

Maybe the foundations are being laid right now. Who knows?
legendary
Activity: 1512
Merit: 1012
I read an article, this coming 2020 the price of a bitcoin will be ranged to $100k - $1M. I don't know if this possible.

in 2012, BTC at 200 USD ... is impossible in the mind of bitcoin members.

well, and now ...  Roll Eyes

hero member
Activity: 722
Merit: 500
I read an article, this coming 2020 the price of a bitcoin will be ranged to $100k - $1M. I don't know if this possible.

Logarithmic (non-linear) regression - Bitcoin estimated value

 Stephen Reed's Million Dollar Logistic Model
full member
Activity: 140
Merit: 100
★Support For PHILIPPINES Sub Forum★
I read an article, this coming 2020 the price of a bitcoin will be ranged to $100k - $1M. I don't know if this possible.
legendary
Activity: 812
Merit: 1000
What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

If you can hold 100 bitcoins to $10k and you have no other money you are a better man then me, i will cash a few @ a few k but the rest i will hold forever.   Smiley
sr. member
Activity: 322
Merit: 250
*non-troll*

While I agree with Amph's standpoint, I think he lost the argument... by far.

The thing is though, you can't just look at it that way. VCs normally expect returns in 5-10 years. If 2013 was when VC money first entered, it's only been 2 years. Give it another 3-7 years, and who knows.

It's like looking at an elementary student, and saying he can never be a world class swimmer. Way too slow. Well, guess what. He is still growing, and improving his speed.

Will bitcoin survive? Who knows. But to simply look only at price is not the answer. If that was so, it never would have reached $2 when it was $1.
legendary
Activity: 3248
Merit: 1070
it was a fake pump raised by a bot called willy, it is expected that some noobs have ridden that wave together with chinese, but it was all articulated, for sure it wasn't a natural grow because of better adoption, also the fact that started all suddently make me wonder even more

and how the price get lower with time? doesn't make sense seeing the limited supply, not to mention the coins that are lost forever

we are now in the same position of april 2013, we are just re-starting from there, as that pump never happened like i said before
legendary
Activity: 3248
Merit: 1070
[ ... ]
consider that by that time(2020) only 1-2 million coins will be left, so the price must increase by an enormous amount, it's not linear for sure, it's exponential

Mined coins != coins available on the market. The number of (potentially) available coins is (all the coins in existence) + (coins mined today).
limited supply doesn't make things worth more in itself, there must also be demand.
BTC price today is ~75% less than it was a year and a half ago - not because more coins are being mined, but because no one wants to pay more than $237 a coin.

i know that you did not understand, i was considering a scenario where only those new coins would be available, because dumped from miners, the existing ones are always moving, but it doesn't mean that they are always available

also many are holding and many coins are not available because of that, i suspect that from the 14M total coins in circulation today, only a tiny fraction are changing the hands of their owner(this is another reason why we are stuck at 240), so saying "all the coin inexistence + coins mined" is utterly wrong

btc price today should not be compared with a fake pump , 1200 peak never happened it was all fabricated ad hoc
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