Topic: 100k a coin, not that high....really - page 2. (Read 2718 times)

I have 0.06 btc, so if bitcoin will reach $100,000 I would have 6000$, nice!

Exactly what I need

You can also check http://AmIABitcoinMillionaireYet.com to know if you qualify as 'Bitcoin Millionaire' yet.

I'm in it for a million dollar Bitcoin

This is correct. The median price of a home in the US is far off a million. 100k per BTC is a very lofty prediction/expectation. I dont realistically see it. And this is coming from someone very bullish on the long term

Oh yeah and I think about 2 mill a coin in like 2 years.

Median home price of $1 million, where? It's more like $200-300k in the US, minus New York and some areas of California.

I wish so,but think that it is really difficult
10k is a possible price and a price like 40k,if everything goes really well,is possible too

I could imagine the bitcoin exchange price rising due to the complexity increasing. We reached $1k before and I think we will see prices far beyond that.

I think we may see prices in the range of $1k to $10k in 2017.  Many people are still unaware of what bitcoin can mean for them - but that is slowly changing. The system also has a network effect, and so we may see $100k per coin one day but I think it will be later than 2017.

I'm long and hodling right now...in fact, I've bought more in the last 48 hours.  I believe in BTC as a useful, innovative currency--both as a store of value and a medium of exchange.  That said, I wish I could go somewhere to place an odds bet against these possible outcomes! 

To think that BTC will be worth $10,000 in April 2016 or $100K in May 2017 just doesn't strike me as feasible.  My calculations, based on M2 money supply, indicate that BTC is a bit undervalued today (which is why I bought more) and that buying power in today's dollars could end up in the $2300-2500 range.  Your mileage may vary and I'm sure reasonable people can make other calculations that would also be reasonable. 

Personally, I think the only way we'd get to $10K by April 2016 would be through massive hyperinflation of the dollar.  Given that Q1 saw negative GDP growth, I don't see how it could happen so quickly.

In order to get to $100K in May 2017, I think we'd have to undergo a massive economic collapse of unprecedented proportions.  If BTC is $100K by then, a gallon of gas will be $200 and a ticket to the movie will be $500.  My weekly grocery bill will be $20,000.

I applaud your convictions, though, for posting something so rosy when most others are in fear mode.  I just respectfully disagree with your numbers.

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 goes

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.