100 bitcoins. Will I be a millionaire by 2020? - page 31.

Amph

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Quote from: thejaytiesto on May 14, 2015, 11:31:56 AM

Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

It will never crash for obivous reasons, but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)

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

vvv8

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I would post some knowledge, but i'm too cool 4 dat

Natalia_AnatolioPAMM

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Quote from: jaredboice on May 14, 2015, 09:02:00 AM

By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it

only if dollar is about to get default

manselr

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Quote from: bananaControl on May 14, 2015, 12:00:12 PM

Quote from: thejaytiesto on May 14, 2015, 11:31:56 AM

Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

It will never crash for obivous reasons, but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)

And just what exactly are those obvious reasons? Of course it could fail and the price crash to almost nothing. Bitcoin is still very early in the development phase so anything could happen.

Bitcoin is binary, it will either fade to nothing or be absolutely astronomical in price.

We are getting more and more big names interested on a daily basis. Latest is god damn NASDAQ man, can't you see what's going on? You are completely blinded by the current low price, and you'll be even more blind if it keeps going lower for a while. Poor souls.

bananaControl

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Quote from: thejaytiesto on May 14, 2015, 11:31:56 AM

Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

It will never crash for obivous reasons, but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)

And just what exactly are those obvious reasons? Of course it could fail and the price crash to almost nothing. Bitcoin is still very early in the development phase so anything could happen.

Bitcoin is binary, it will either fade to nothing or be absolutely astronomical in price.

thejaytiesto

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Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

It will never crash for obivous reasons, but 50K seems too far fetched on that limited amount of time. My take is that by about 2025 we'll be at around 10 times the ATH (12K)

Biodom

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Quote from: ?? on ??

Quote from: Biodom on May 14, 2015, 10:46:49 AM

Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

I agree with the latter post, although not necessarily 50K, could be 10K-50K or $5
Reason#1: $500 is way too little for serious transactions as market cap of ALL bitcoins would be less than 10bil (19.5-19.6 mil BTC in 2020 X $500).
Serious currencies are trading in trillions (total ~$5 trillion a day)
At 50K bitcoin will be ~950 bil, still not enough to support major currencies trading, but getting there.
Reason#2: i don't think that serious exchanges can survive on a single measly 10b asset price item. We have multiple exchanges being worked on.
If it fails, then $5 is much more likely than $500

1. See: velocity of money.*

2.There's definitely some suspect logic in "many exchanges being built, thus price must rise to support them."

*If the 2.7 tps screw-up ever gets patched, that is...

1. i don't see a contradiction because total US stock market value is 22 tril, US bond market 37 tril. These are large sinks of value, some small % of which might be represented by bitcoin eventually, hence not all bitcoin will be available to exchanges.
2. if you build it they will come...

Finally, I see a nonzero possibility of bitcoin failing. It's all or none scenario, and i don't see people investing significant % of their wealth in bitcoin, at least not yet.
My comment was re price being relatively stable and behaving like a stock. The main point is that it won't.

futureofbitcoin

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Quote from: ?? on ??

1. See: velocity of money.*

2.There's definitely some suspect logic in "many exchanges being built, thus price must rise to support them."

*If the 2.7 tps screw-up ever gets patched, that is...

Ah, I see! Because it takes a much longer time to trade a physical BTCeanie BTCabie, that's why it's worth a lot more than BTC... You're a freaking genius!

futureofbitcoin

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Yeah, I think it's very unlikely bitcoin will sustain a value in the hundreds. It'll either be really low or decently high. It's amazing how unimaginative people are, thinking that because it's 200 now, it'll remain 200 forever. Not gonna happen.

Biodom

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Quote from: Bagatell on May 14, 2015, 10:34:02 AM

Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

I agree with the latter post, although not necessarily 50K, could be 10K-50K or $5
Reason#1: $500 is way too little for serious transactions as market cap of ALL bitcoins would be less than 10bil (19.5-19.6 mil BTC in 2020 X $500).
Serious currencies are trading in trillions (total ~$5 trillion a day)
At 50K bitcoin will be ~950 bil, still not enough to support major currencies trading, but getting there.
Reason#2: i don't think that serious exchanges can survive on a single measly 10b asset price item. We have multiple exchanges being worked on.
If it fails, then $5 is much more likely than $500

Bagatell

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Quote from: nor9865 on May 14, 2015, 10:25:22 AM

I think btc will reach about $500 sustained price by 2020.

I think you're wrong by several orders of magnitude in one direction or the other. i.e. $50,000 or $5.

nor9865

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Quote from: futureofbitcoin on May 14, 2015, 09:57:43 AM

Quote from: NorrisK on May 14, 2015, 09:53:31 AM

Quote from: jaredboice on May 14, 2015, 09:02:00 AM

By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it

You should be realistic. That's only possible if the exponential growth of the past years can keep up. Considering the market cap that comes with it, I would count on being a millionaire by 2020 with 10 coins.

YOu mean you wouldn't, right?

I'm a pretty big dreamy bull, but I wouldn't either. I wouldn't completely discard the possibility, I think it's more likely than winning the jackpot in a national lottery. But 100 coins >= 1M USD isn't that farfetched, and about as likely as guessing a dice roll, IMO. Maybe even more than that.

I think btc will reach about $500 sustained price by 2020. The more people that are made aware of its possibilities usually end up at least trying out the service. I would imagine at least half of it continue their research for years to come with btc.

futureofbitcoin

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Quote from: NorrisK on May 14, 2015, 09:53:31 AM

Quote from: jaredboice on May 14, 2015, 09:02:00 AM

By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it

You should be realistic. That's only possible if the exponential growth of the past years can keep up. Considering the market cap that comes with it, I would count on being a millionaire by 2020 with 10 coins.

YOu mean you wouldn't, right?

I'm a pretty big dreamy bull, but I wouldn't either. I wouldn't completely discard the possibility, I think it's more likely than winning the jackpot in a national lottery. But 100 coins >= 1M USD isn't that farfetched, and about as likely as guessing a dice roll, IMO. Maybe even more than that.

NorrisK

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Quote from: jaredboice on May 14, 2015, 09:02:00 AM

By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it

You should be realistic. That's only possible if the exponential growth of the past years can keep up. Considering the market cap that comes with it, I would count on being a millionaire by 2020 with 10 coins.

jaredboice

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By 2020, I think you'll be a millionaire with one tenth of that. 2020 should bring Bitcoin somewhere close to $100,000 in today's value. Even if I'm wrong by a factor of 2 or 3, I'll still be very happy about it

Bit_Happy

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Quote from: oblivi on May 13, 2015, 03:05:27 PM

Quote from: Natalia_AnatolioPAMM on May 13, 2015, 02:52:26 PM

Quote from: CoinCidental on May 07, 2015, 07:42:16 AM

Bitcoin is already too big to fail, even without mainstream adoption it will still be used for porn, gambling, tax evasion, hiding money from divorce attorneys and a million other darknet uses....

doubt that.

Doubt what. If you have been here for a while and still haven't understood the objective fact of how BTC will NOT fail, then you just can't be saved.

Bitcoin has a great chance of success, but there is still a real possibility of negative results (no matter how small), we could still go either way.

oblivi

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Quote from: Natalia_AnatolioPAMM on May 13, 2015, 02:52:26 PM

Quote from: CoinCidental on May 07, 2015, 07:42:16 AM

Bitcoin is already too big to fail, even without mainstream adoption it will still be used for porn, gambling, tax evasion, hiding money from divorce attorneys and a million other darknet uses....

doubt that.

Doubt what. If you have been here for a while and still haven't understood the objective fact of how BTC will NOT fail, then you just can't be saved.

Bit_Happy

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A Great Time to Start Something!

Quote from: ekissane on February 07, 2015, 10:11:12 AM

What do you think? I think I might be close. I'm guessing $10,000 per bitcoin by then.

IMO, it is more important to know how much gold, silver, or food you can buy with your Bitcoins. ONE MILLION DOLLARS...

...will not matter much if bread (for example) costs $14,000 per fresh loaf.

Natalia_AnatolioPAMM

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Quote from: CoinCidental on May 07, 2015, 07:42:16 AM

Bitcoin is already too big to fail, even without mainstream adoption it will still be used for porn, gambling, tax evasion, hiding money from divorce attorneys and a million other darknet uses....

doubt that.

opossum

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Quote from: ekissane on May 13, 2015, 02:26:22 PM

Quote from: CoinCidental on May 07, 2015, 07:42:16 AM

Bitcoin is already too big to fail, even without mainstream adoption it will still be used for porn, gambling, tax evasion, hiding money from divorce attorneys and a million other darknet uses....

That's what I think too but hopefully it transcends criminality because then price will hit full potential.

Bitcoin price will reach it's full potential when more of the above realize the power of this tech and jump aboard. The more mainstream it gets the more major dumps I think we will see and the more dumps we see the more people lose faith and leave bitcoin.

What are you expecting from it to reach its full potential? Darknet uses are a big part of what made it in the first place I only started and found out because of it, but now a lot are using anonymous coins which is bad for bitcoin imo.

To answer the OP no I really don't think 100btc will make you a millionaire I doubt even 1000btc will make you a millionaire by 2020, heres to hoping you can though Cool

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