Topic: A Single Bitcoin will Worth $100K - Do You Believe it? - page 6. (Read 13621 times)
Bitcoin would require a large update/hard fork to ever reach this level. I doubt that will ever happen. It would require this because the transaction speed is not conducive to real world usage. Tell a customer they have to wait 10minutes just to buy a soda at the store. Nobody wants to do that. Bitcoin also doesn't have a method of chargebacks. While some see this as a good thing I see it as a bad thing. Customers need to be protected from the abusive practices of businesses. Currently if my cable company decided to double charge me I could contact my credit card company to get my money back. They will fight abusive business practices for me. While much of this could eventually be added to bitcoin I think it's currently limited by it's size. I believe crypto currencies are the future of money. I just don't believe it will be bitcoin. I believe eventually an extremely innovative altcoin will take the market by storm becoming possibly of greater value than bitcoin.
Most never thought it would break the price of gold, but it did. I think $10,000 isn't out of vision for sure.
It depends on a lot of things in the world both on and offline, but the core of it is if demand is suddenly spiked to the available Bitcoin supply. With Bitcoin being fairly illiquid, it doesn't take much to move the price around. A big surge of interest will quickly zap the supply side, and once the price ball gets rolling back upward most tend to hang on unless getting out of a previous market position leading to a much higher price to try and liberate those coins from holders.
The source of such big and sudden interest? I think when fiat currencies really start catching fire (along with associated stocks, bonds, funds, etc), the only place to go will be Bitcoin as the only sound economic system in place. This is happening worldwide, and so is Bitcoin. We could see the perfect windfall, and current owners of coveted Bitcoin will win big. Wealth transfer will come full circle from the now panicking banking bigwigs trying to save their portfolios from the ravages of economic policy gone awry.
It depends on a lot of things in the world both on and offline, but the core of it is if demand is suddenly spiked to the available Bitcoin supply. With Bitcoin being fairly illiquid, it doesn't take much to move the price around. A big surge of interest will quickly zap the supply side, and once the price ball gets rolling back upward most tend to hang on unless getting out of a previous market position leading to a much higher price to try and liberate those coins from holders.
The source of such big and sudden interest? I think when fiat currencies really start catching fire (along with associated stocks, bonds, funds, etc), the only place to go will be Bitcoin as the only sound economic system in place. This is happening worldwide, and so is Bitcoin. We could see the perfect windfall, and current owners of coveted Bitcoin will win big. Wealth transfer will come full circle from the now panicking banking bigwigs trying to save their portfolios from the ravages of economic policy gone awry.
It Depends.
> $10,000.00 usd per btc ?? = YES.
I believe Bitcoin and Gold (per ounce) will both be worth north of $10K usd, no doubts, within one decade ( 10 years time ).
After $10K usd per btc it depends on how much of the Global Marketplace Bitcoin captures and sustains.
And of course a lot of other things.
Patience.
Bitcoin is Freedom.
> $10,000.00 usd per btc ?? = YES.
I believe Bitcoin and Gold (per ounce) will both be worth north of $10K usd, no doubts, within one decade ( 10 years time ).
After $10K usd per btc it depends on how much of the Global Marketplace Bitcoin captures and sustains.
And of course a lot of other things.
Patience.
Bitcoin is Freedom.
Much more than that if pension funds enter
Before it reaches $100k, most people would have sold it all. That will just leave a minority group holding lots of bitcoin. Less people use bitcoin to transact, it becomes useless.
I think a lot of people would have spent it therefore increasing it's velocity and the number of people holding it. The current holders will just spread it out to more people holding smaller amounts.
The issue is that most people spending the coins are doing so at a finite number of places (which is pretty small), which then have to liquidate them. The more people in the community the less of an effect this has though.
Before it reaches $100k, most people would have sold it all. That will just leave a minority group holding lots of bitcoin. Less people use bitcoin to transact, it becomes useless.
I think a lot of people would have spent it therefore increasing it's velocity and the number of people holding it. The current holders will just spread it out to more people holding smaller amounts.
Much depends on what it becomes. I don't buy it as a day to day currency en masse. People are conservative, even more so when it comes to money.
If it becomes another asset class that's fed back to regular people by professionals then it could happen within a fairly short timescale.
If it becomes another asset class that's fed back to regular people by professionals then it could happen within a fairly short timescale.
Market cap would be over a trillion. Not inconceivable several years down the road.
That is almost the combined market cap of Paypal + Visa + Master + Western Union. So I wouldn't say that it is impossible. But a 200x valuation is extremely unlikely for many years from now.
Exactly. This would be very difficult to achieve in less than 25 or more years.
why not? 
TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
If you feel this confident, I'll sell you all of my BTCs right now at only $999,000. You'll make a profit of 1k per coin!
TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
If you feel this confident, I'll sell you all of my BTCs right now at only $999,000. You'll make a profit of 1k per coin!
TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
I am bullish on this and I don't think Dixon's estimates are too far off. A lot can happen in the next 5 years and the magnitude could be enormous. Big changes can mean big things include major shifts upwards in prices, so $100K is doable, but maybe in excess of 5 years.
it's been so dapper with BTC for the past 3 months.. i'm waiting or things to heat up in the summer. speculating a far off number like $100k is too far in the future for me to even consider. i just want to see it rally up a little bit for the time being.
If it goes back to the ATH, I'd be happy with that. Until we hit that we're obviously not going to move forward. I think for all intents and purposes, while I do believe that BTC will increase many times what it has so far, we need to be shooting for just the ATH right now (which was like what, 1.2k).
it's been so dapper with BTC for the past 3 months.. i'm waiting or things to heat up in the summer. speculating a far off number like $100k is too far in the future for me to even consider. i just want to see it rally up a little bit for the time being.
Market cap would be over a trillion. Not inconceivable several years down the road.
That is almost the combined market cap of Paypal + Visa + Master + Western Union. So I wouldn't say that it is impossible. But a 200x valuation is extremely unlikely for many years from now.
xD... i dont know, back in 2013 i had not believe it but then when everybody was expecting ltc to go 5 usd and it went to 30.. now i think everything is possible with bitcoin and criptocurrencies.
It will probably happen.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
In other words... NOW IS THE TIME TO INVEST IN BREAD! YOU'LL BE A BILLIONAIRE!
It will probably happen.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
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