Topic: Are there any optimists left? Is $100K still possible? (Read 714 times)

If you think about the price of Bitcoin this time last year, which was only around $1000, we're still massively above that. Thats still up over 8000% from a year ago which is amazing. From the tends, it will probably take longer than 5 years to get to $100k but it seems like we will get there eventually. Its very difficult to predict the market but i believe it will get to that amount if the tends keep going as they have been over the past few years.

Definitely good to stay optimistic!

It's sad to see people lose faith in bitcoin. What's the matter? Only 2 months of the fall and you gave up? It seems to me that you are mistaken. The black bar ends and now bitcoin will begin to recover. I am sure that by the end of the year everything will start to sing the praises of bitcoin. You can't. You need to be confident in their beliefs. Then you'll always win.

I no longer believe that bitcoin will be able to climb such a mark in a short period of time. I think this will happen no earlier than 2025, as the market of crypto-currency is too unstable.

in any crypto world can happen, whether it crashes or spikes.
the initial creation of bitcoin is designed to be fluctuating and most likely to benefit users.
IMO $ 100k price can be achieved but sometime in the year when, if we want to reach that number, we must see the current performance.
just calm in the month of june 2018 we can reach the comfort zone point in the figure $ 20k. the achievement will be the preparation for take off to the moon or the $ 100k figure.

Its hard to hit that price within five years, maybe yes in the future but still no assurance. Bitcoin is an extreme rides better to focus on your goal instead of dreaming work on it. Let's all be optimists that no matter how much bitcoin dumps, it can still survive and hopefully to bring us in a brighter future.

Bitcoin isn't on a ferry. It's going to be hard for it to make it to 100k by 2021,we need to be more optimistic about the realistic usage of the crypto

Obviously yes.I had hope,with in this year end the price of bitcoin will reach 30,000$.Then ,next year the price will reaches 60,000$.Finally ,in 2020 or 2021 bitcoin will cross the 100k$.I had  suggest the bitcoin holders to save your bitcoin for your future. You will get more dollars as compared to now.

The problem isn't really touching the $100,000 mark at some point in the future, but maintaining it. If the market actually wants to sustain such prices, it has to stabilize more, and also become more professional.

Instead of old hands controlling the market, institutions need to make their moves. Current market perfectly represents a free market, but that comes at a price, and isn't viable in the very long term.

Keep in mind that the more Bitcoin is going up in value, the stricter the regulations will become. In the last months that's exactly what happened, and we're definitely not there yet. I expect more to happen this year.

Yes of course $100k is very possible. People just like to talk about future possibilities more during bull runs and they are less excited so don't bring it up during down times. It'll probably take another maybe 3 big bull runs to get there, so it might be 3 or 4 years, but unless cryptocurrencies just never gain transaction adoption or another coin goes viral and comes out of the blue to compete with bitcoin I am quite confident we'll see 6 figure bitcoin prices within a few years.

Even as we go through this bear market and we're still 50% off the ATH things are happening to promote the long term adoption of bitcoin: segwit finally started to get adopted by major wallets, existing finance apps (robinhood and square) finally joining the crypto space to give coinbase its first competition, web services starting to batch transactions to increase bitcoins transaction throughput, lightning network progress and actually a little bit of real world usage even though it's not yet fully ready, slowly more and more companies are accepting bitcoin, some countries working to regulate the market which causes fear and panic selling when announced but long term will be good because the majority of people will feel safer investing in cryptos in the years to come, major banks coming out and saying (after all their fear-mongering last year to try to call bitcoin a fraud) that yes indeed they do see cryptos as a legitimate threat to their business.

Short term could be anything. Long term is absolutely bullish to 6 figures.

I believe that $100k  is possible.  Remember it is still a long years ahead for Bitcoin so basically that amount of price quite possible.  Aside from that Bitcoin had done lots of impossible stuff such as being accepted in several countries.  With the development, acceptance by the government, promotions and the speculation in the market $100k is really possible in the future.

I believe too, yes of course a lot of us here are still believing that $100k is possible, if you will just look at the trend, we can see that it can increase by 200%-700% so there is no doubt that this year it will repeat the history although there is no assurance yet how much percentage it will have.

2020 is just like 2 years later . There is a fine line between being optimistic and rational .
I am being rational and I just want bitcoin to cross atleast $40-50 k before it loses half of its number . That  would be a great relief for all the users .
Talking about $100k , it is difficult to attain that figure until a hue interest in shown in the investors in the years to come.               

If considering the really large numbers for the entire crypto market and all its possible innovations and growth possibilities then I got to equate it to a traditional weighing scales in an image of balance.   Its true trillions are unlikely but also value will not shift to crypto exclusively without value elsewhere becoming lower.

So what I mean by that is the dollar value itself can drop, in the last year its fallen by 10% and this has no doubt helped raise the nominal price for crypto and BTC.    A 10% fall in dollar alone would make every BTC priced in dollars, also 10% worth less.
However a drop in dollar value likely indicates that a reduction in US dollar as world reserve currency is happening.  As all crypto can be used globally easily across borders, its very much an alternative option and likely to gain from dollar decline.      

This is why 100,000 for BTC can never be said to be impossible.    I also expect $200 per barrel of oil at some time in the future even while I believe the overall domination of oil in energy usage is dropping.  The general reason is FIAT currency is weaker now then any other time since Nixon was in office and that's a fair old whack of time, a big trend break leads to vast changes possible.   Its a tide change, everything I mention is a known possibility but like the tides people can still be caught off-guard by the breadth and magnitude of changes in the world.   It makes more sense to recognise alteration will occur then believe one country or even its partners continues to underpin the world reserve currency indefinitely.

Probable, possible, maybe but dont imagine never.   This is the biggest story of this generation imo as capitalism is paired to freedom and democracy it can alter the lay of the land we walk on.

If bitcoin reaches $100k, then we are talking about $1.7 trillion marketcap which is highly unlikely this year. The Total cryptocurrencies marketcap might then jump over $2 trillion in that case. These aren't reasonable numbers as for now. We don't have such a huge money inflow or adoption to fund that much amount. I expect BTC to reach $30k at most this year.

There is enough liquidity on exchanges to ensure 100k is unlikely in 2018.   The higher the price the greater the supply from not just apparent offers at market but also private wallets.    A third source would be business which to some extent carry on their balance sheet an available amount of bitcoins.

Any rapid change opens up the potential for sellers who have more to gain from supply the exchange market then continuing to use bitcoin as a payment float for their global online business.  Even a casino would consider selling bitcoin and asking users to utilise another blockchain.  They could then supply their ongoing turnover in bitcoin to an exchange and arbitrage a profit by side stepping into another coin.

Obviously there is competition to bitcoin, its not the sole market for crypto currency settlement.

Rather then price, compare market capitalisation but I agree effective supply is more relevant then total coins most of the time.

Probably you are right, friend, but I doubt Bitcoin can grow up to 100 thousand or even higher. It will be bouncing a lot for a very long time, but growing slowly.

100k is quite far and people and you are right at that time common person will not afford bitcoin so that's why everyone is saying that adopt bitcoin at these prices so that there will be no issue for us at that moments and only sensible people are doing as according.

I can't think of anything at present other than people using pump and dump strategies to increase hype around bitcoin. So yes 100k is possible but will the coin really be worth 100k?  Bitcoin has been touted to be the digital gold, beyond exchange values, what other intrinsic value will bitcoin have to the common man when it bears the burden of $100k to 1 BTC?

Sounded a lot like mr. Mcafee there dude. Though you have a very good point and probably that's part reason why mcafee is that confident wih a million btc by 2020. And he's not the only one. Me, i'm just hopeful that all your predictions come true lol

I LMAO at everyone trying to compare bitcoin to any other market, it can't be done. Out of the 16-17 million bitcoin in existence, only a small fraction is actually for sale on exchanges. Most people don't realize that it doesn't take that much capital to buy up bitcoin on exchanges and raise the price up very very high. 100k is nothing, optimistic is more like 2 million each.