Topic: A Single Bitcoin will Worth $100K - Do You Believe it? - page 3. (Read 13614 times)

Something I noticed is that most people either think in the short term or the long term. Successful daytraders are good at predicting what the price will be in an hour, tomorrow or in a week but most of them don't have a long term perspective. Others can clearly see the long term picture but have no idea what the price will be tomorrow. So it's not really a matter of one being easier than the other but of some people being specialized in different timeframes.

I still don't think that is possible, but I would absolutely love it if it did.  I don't even think experts can predict what will happen in 2 weeks let alone 2 years. 

Don't get me wrong though, if this happened I would be absolutely thrilled!

Military might.. this is the wealth of wealth.  With this a group of people or a person can take everything and anything and deem paper more valuable than gold.
Only issue is.. eventually the game of people accepting shit tickets as something of value comes to a crashing end when the military runs low on funds and cannot enforce the use of the shit tickets..

IMO sooner than later a country with a decent army will back it's currency with something of value(for like 10-20 years before starting the ponzi scheme again) the Federal reserve note will become useless, Merica's army will be crippled an well... I hope you don't plan on living in the Fema state.

it is quite possible to reach 10k within 2 years, and later who knows, you cant realy predict further than that.
we still didnt experience the power of global marketing, and also we are still in the early phase where errors and corrections are fixed "on the fly", which needs to be given much more attention.

All statements are certainly my own view.

If you need to quote source and data on every statement you make on this forum, you won't have time for anything else.

I think the general rule is that if Bitcoin reaches the same status/market cap as that of gold, then each coin would be worth roughly $333,000 in today's fiat terms. If Bitcoin manages to replace fiat completely, then each coin would be worth about $1 million.

$100,000 per bitcoin would indicate a market cap of $2.1 trillion.

Interesting statement, but unless you back it with reasoning it's just another opinionated throwaway line?

The only real threat to bitcoins are the double spending attacks. 100k per coin isn't unreasonable, but it's pretty safe to say most early adopters would have cashed out by then.

The thing about becoming rich through bitcoins, is if you have loads of coins and they become worth something, you can sell them to buy something else, but then you won't have any bitcoins any more.

Ultimately, reserve currency needs to be either backed by either gold or military might.

Bitcoin has neither. It will useful for small/medium size foreign purchases to save conversion and transaction fee. Other than that, I do not see it being useful for any other purpose.

Ahhh I see you believe what you see on American owned and controlled TV! London was, is and will always be the worlds financial centre, much as US would want otherwise, they blew that chance, the world does not trust them with that responsibility, especially the muslim world.

If it was not for the fact that the world made the mistake of allowing the dollar to become the world reserve currency, and the further mistake of allowing Nixon to break from the gold standard, the USA would have been broke several times over, instead it prints insane amounts of money to bail itself out, the kinds of amounts that if it was not world reserve would have certainly had similar effect to Zimbabwe! So don't even begin to think you can lecture us about bailouts!!

The IMF is totally corrupt  tool of US foreign policy, with the US admitting on a leaked document that it gets about $1.60 dollars back for every $1 it puts into IMF because of the way it forces borrowing countries to restructure and allow access to american companies!

Our north sea oil peaked on the millenium (1999 I think) and still produces at about 60% of peak with new discoveries also. So at least get your facts straight.

For a tiny island of no particicular geographic significance we are still one of the worlds largest (6th I think) GDP's 200 years after empire. I would not like to bet on America even being ranked 200 years from now after it's 'peak'!!  And it certainly won't be the hub of world finance!! LOL

When bitcoin finally levels the world playing field, current leading players finance centers US and UK will be losers, it's inevitable.

The IMF is a very corrupt organisation, they are not a creditable source. Aside from that, the UK empire has integrated with the Five Eyes. (Australia,Canada,New Zealand,United Kingdom,United States of America ).

Wealthiest in what way? British were bailed out by the IMF in the 70's because no country will lend them any money.

They were lucky to pump additional north sea oil in the 80's (and peaked in mid 80's). Now that the oil is drying up, and international financial center is leaving London, what industry can replace these two gigantic source of income?

It depends on the future we are talking about, but a little example:

Year 2140, When all 21 million Bitcoins were mined, there would be like 80 billions of dollars worldwide (80 millions of millions, twelve zeros),

so 80 000 000 000 000/ 21 000 000 = BTC Price: 3 809 523 dollars each

Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

It's possible, but there is no guarantee and it's a long way to go. For now, we have to cross the 1000$ boundary again.
But who knows what the price will be in the year 2016 or 2020.
I think, by then it's either gone way up or way down - I do not think the price will remain the same for so many years.

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

True enough.  Thanks to ole fat ass sitting up in his penthouse behind one way glass taking dumps there are countless other coins either lost, stolen, or forgotten about.

$100,000 bitcoin, I believe if it sticks around is inevitable (if your talking USD) but not anytime soon.

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that? 

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

The number of hashes per $ of mining hardware and per $ of electricity falls over time.
The cost of running the network
... must keep rising so that it isn't profitable for a single entity to take it over
... must be lower than the value of the transaction fees to stay profitable for miners and prevent the aforementioned
The value of the volume of btc transferred per day must then be at least 100x higher than the cost of running the network, based on tx fees lower than 1%.

throw in some variables to get valuation.