I'm in it for a million dollar Bitcoin
No way that would not happen. IS a sure thing.
It'll happen as fiat becomes worthless
Topic: 100k a coin, not that high....really (Read 2718 times)
No way that would not happen. IS a sure thing.
It'll happen as fiat becomes worthless
I'm in it for a million dollar Bitcoin
No way that would not happen. IS a sure thing.
If as many drug deals were done with bitcoins as the media and governments claim are done we'd be up over $100k/bitcoin.
100K by March 2017, that is the funniest joke I've ever seen.
it's possible, but i think people are expecting it to happen. as of now, it's a possibility, but it's too hard to imagine it as likely.
Something needs to happen for bitcoin to reach such an high price. We've seen the price rise to $1200 because China started adopting bitcoins, which caused an immense demand for bitcoins. This caused the price to rise. It won't just rise to $100,000 out of itself. We need something huge to happen, which I don't see happening within 5 years.
'China' was probably a few tens of thousands at the very most. I think the biggest exchange there said they had something like 10,000 unique users per day. That leaves rather a lot of room for others to get excited about it.
Let's see what happens when even more people there start to buy in. As I understand it, they now have to deal in USD, right? So they may go and exchange their CNY to USD and get going?
Something needs to happen for bitcoin to reach such an high price. We've seen the price rise to $1200 because China started adopting bitcoins, which caused an immense demand for bitcoins. This caused the price to rise. It won't just rise to $100,000 out of itself. We need something huge to happen, which I don't see happening within 5 years.
It seems to be unexpected big events that really push bitcoin prices one way or the other. Maybe China will ban, and then unban bitcoin again soon. That should make the price yo-yo up and down for a while.
Something needs to happen for bitcoin to reach such an high price. We've seen the price rise to $1200 because China started adopting bitcoins, which caused an immense demand for bitcoins. This caused the price to rise. It won't just rise to $100,000 out of itself. We need something huge to happen, which I don't see happening within 5 years.
'China' was probably a few tens of thousands at the very most. I think the biggest exchange there said they had something like 10,000 unique users per day. That leaves rather a lot of room for others to get excited about it.
Something needs to happen for bitcoin to reach such an high price. We've seen the price rise to $1200 because China started adopting bitcoins, which caused an immense demand for bitcoins. This caused the price to rise. It won't just rise to $100,000 out of itself. We need something huge to happen, which I don't see happening within 5 years.
I looked at some very old threads discussing whether bitcoin could possibly hit $100 a coin, and it was full of "experts" explaining why it was impossible. Maybe bitcoin will 100k a coin, but I suppose it depends a lot on events.
Well, first we need some experts explaining why it's impossible....
I looked at some very old threads discussing whether bitcoin could possibly hit $100 a coin, and it was full of "experts" explaining why it was impossible. Maybe bitcoin will 100k a coin, but I suppose it depends a lot on events.
Totally doable! Imagine it: 4 years ago people would have locked you away in a mental institution if you claimed that Bitcoin would go to $100. Now we are at $585! So why shouldn't it be possible to achieve 100'000 a coin! Maaan this will be some wild times!!!
We need to figure out if the growth we've seen in the past continues this year and the years so come. If it does and Bitcoin gains more traction, we may indeed see 100k a coin. But it's too early to expect such a high price as of now.
100K a coin is not *that* high. I just look around and see the amount of money sloshing around in the real estate market (where I am) and it point to a massive amount of printing/lending/increase of supply year on year. Eg the price has risen 15% each year in hte last two years alone and does about 7~10% every year on average. The average price per house is not far of $1 Million. The gov FIAT printing machine it turned ON.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
Would be nice to see bitcoin value reach that highs but in my opinion it's unlikely to happen,
there's a big difference between increasing the price from 1$ to 100$ and from 1,000$ to 100,000$.
Lucky for us that your opinion is not important
Yes indeed, it's just a guessing game where everyone try to predict the unpredictable, but in my answer there's something true.
Yes. The truth in your answer and the mentioned difference between those two is:
Being a speculative candidate for a global monetary revolution, and accomplish a global monetary revolution.
There has to indeed need to come in more money from 1000 to 10000 as from 1 to 10, but there's a loooot of money that can come in and people make all kinds of calculations with M2 money supply and all that shit but, does this unclude billion of dollars from drug dealers, hidden money in tax havens, fiat in peoples vaults at home, etc....?
100K a coin is not *that* high. I just look around and see the amount of money sloshing around in the real estate market (where I am) and it point to a massive amount of printing/lending/increase of supply year on year. Eg the price has risen 15% each year in hte last two years alone and does about 7~10% every year on average. The average price per house is not far of $1 Million. The gov FIAT printing machine it turned ON.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
Would be nice to see bitcoin value reach that highs but in my opinion it's unlikely to happen,
there's a big difference between increasing the price from 1$ to 100$ and from 1,000$ to 100,000$.
Lucky for us that your opinion is not important
Yes indeed, it's just a guessing game where everyone try to predict the unpredictable, but in my answer there's something true.
100K a coin is not *that* high. I just look around and see the amount of money sloshing around in the real estate market (where I am) and it point to a massive amount of printing/lending/increase of supply year on year. Eg the price has risen 15% each year in hte last two years alone and does about 7~10% every year on average. The average price per house is not far of $1 Million. The gov FIAT printing machine it turned ON.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
Would be nice to see bitcoin value reach that highs but in my opinion it's unlikely to happen,
there's a big difference between increasing the price from 1$ to 100$ and from 1,000$ to 100,000$.
Lucky for us that your opinion is not important
100K a coin is not *that* high. I just look around and see the amount of money sloshing around in the real estate market (where I am) and it point to a massive amount of printing/lending/increase of supply year on year. Eg the price has risen 15% each year in hte last two years alone and does about 7~10% every year on average. The average price per house is not far of $1 Million. The gov FIAT printing machine it turned ON.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
1 million is quickly becoming....well not that much really as far as buying power go's.
It's like we are in hyperinflation but no one has said so publicly yet.
I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.
Would be nice to see bitcoin value reach that highs but in my opinion it's unlikely to happen,
there's a big difference between increasing the price from 1$ to 100$ and from 1,000$ to 100,000$.
I heard about bitcoin years ago and thought it would never be anything more than monopoly money. Just because we think $100,000 is impossible does not mean it's impossible.
The average price per house is not far of $1 Million.
This is correct. The median price of a home in the US is far off a million.
The median price is not the same as the average (=mean) price! The median is much less sensitive to extreme cases than the average. So it is possible that the average price per house is close to $1 million (for example due to a relatively small number of houses sold for 5-10 millions) while the median price is not.
Disregarding the price of houses, inflation is increasing because of the monetary policy. So 100k per coin can become true in a few years.
ya.ya.yo!
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