Topic: Bitcoin: $100K in 2021? - page 5. (Read 4500 times)
thats not possible always thinking positive, the amount value &100k for speculation that amount i think in the middle of year 2021 that amount will reach of bitcoin as you can see the bitcoin is very strong in the crypto currency, i believe bitcoin in the decentralized currency keep goes strong and the popularity continue to raise.
Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year.
A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021.
A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021.
It is very possible to happen in the next 4 years and it gives us more reason to save more bitcoin and not always spend on things not really that important. Though it is too good to be true, still these are speculations so what we need to do is still save even if bitcoin will not reach that amount.
I dont think bitcoin will reach 100k dollars in the year of 2021 because that price is very high and before they reach that I think they need 1 decade more to reach that price. But we dont know what is the exact price of bitcoin after 4 years but I hope the price is very higj in the next few years so we can make a lot of profit in the future. More bitcoin that you have more money to get .
The chances were low, but we cannot deny that price increase won't happen to that extent. This year the adoption has increased in a large scale. Secondly few countries have got into the legalized use of bitcoin and we have reach above $4000. If the same happens in each and every country then price reaching $100k is not a big deal.
All the predictions of this level have no meaning. It's more like dreams. Why this price? Why not $ 1 million? Still there is no economic reason for this development. So the price can be any. I don't believe in long-term predictions of bitcoin prices. Even to the end of the year we don't know what will be the price.
It's possible, but I do not think so either. Well, we do not know when bitcoin prices go up, and when bitcoin prices go down, we can just get ready about that. But, I guess a lot of people will get rich because of bitcoin in the future if they really save it.
Please be ready for any situation bitcoin price moves up and down. Actually that is the tendency of bitcoin as from the starting time onwards. As satoshi speculates bitcoin's price will be touch to 10000$ in 2020. I don't think this op wish would happen or not.
I dont think bitcoin will reach 100k dollars in the year of 2021 because that price is very high and before they reach that I think they need 1 decade more to reach that price. But we dont know what is the exact price of bitcoin after 4 years but I hope the price is very higj in the next few years so we can make a lot of profit in the future. More bitcoin that you have more money to get .
Quote
Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”
According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them.
Source here (the full newsarticle).
According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them.
Source here (the full newsarticle).
I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg.
Long term bitcoin is always going to go up, because of the fact that the block reward will halve every 4 years or so whilst more and more people will continue to adopt bitcoin.
I just don't think that it's going to become $100k all of a sudden in 2021. That is a 25x rise from the current price level.
I'm not saying that it is impossible, but rather i think that this is just someone being way too optimistic.
$100k is going to be easy, when the fiat currencies around the world loses its value. Due to the fact that bitcoin has a maximum amount that can ever be generated, it will become a store of value and a hedge against inflation in the long run.
It's possible, but I do not think so either. Well, we do not know when bitcoin prices go up, and when bitcoin prices go down, we can just get ready about that. But, I guess a lot of people will get rich because of bitcoin in the future if they really save it.
Quote
Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.”
According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them.
Source here (the full newsarticle).
According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.
Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them.
Source here (the full newsarticle).
I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg
Bitcoin may surge high
And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken
Yes, it is possible for bitcoin to reach $100,000 by year 2021... Currently, there are so people following the bitcoin trend and are looking for the chance (capital) to get involve in the bitcoin, which is the latest trend for over 5 years on web. If bitcoin continues to trend like the passed five years then it is possible for bitcoin to be worth $100,000 or even more by 2021. The way bitcoin value was growing recently it is easy for it to reach that level by 2021.
Maybe.. Everythink is possible 
2021 which mean 4 years again but we even still not reach 10% from $100k indeed cryptocurrency sometimes give unpredictable results when we thought bitcoin price will never reach even to $4000 but in the fact is the price currently already in that range but although still several years went to 2021 on my predictions the price even less than $20k so $100k looks impossible to me
Anything could happen to bitcoin. Bitcoin sometimes makes the impossible and then makes it a reality. Such prices now seem very impossible. But it could happen later, bitcoin can move very quickly. The development of bitcoin can make the bitcoin price even more unreasonable.
2021 which mean 4 years again but we even still not reach 10% from $100k indeed cryptocurrency sometimes give unpredictable results when we thought bitcoin price will never reach even to $4000 but in the fact is the price currently already in that range but although still several years went to 2021 on my predictions the price even less than $20k so $100k looks impossible to me
100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years
It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.This is my opinion
100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years
When a country like japan who has made it legal get to grips with it more and more those figures are possible. People will compare it with gold market cap as a reason for it not to be able to go to 100k etc but gold has limited use in comparison and we are in the digital age now. Also because we have gone to 4k so easy and held its not much to stretch the imagination a bit further to 100k is it?
Nothing is impossible, BTC is there as best proof. So relax and watch how high will go. I'm trader and selling from time to time to cover my expenses but now I have decided to keep large part in cold storage, when I see how BTC easily rise 500$ in one day, few years before this was "major pump" 500$ was something. In few years from now this will be 10k in one day..
100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years
It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.
100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years
It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.
Too far.
We are just at $4k and yet we are having a hard time into making it to the $5k level.
Even if you sum up a 10k rise every year will not take you to that haven. Although I think there is much room for bitcoin to grow but not to the extent of imagining this kind of numbers.
We are just at $4k and yet we are having a hard time into making it to the $5k level.
Even if you sum up a 10k rise every year will not take you to that haven. Although I think there is much room for bitcoin to grow but not to the extent of imagining this kind of numbers.
100k in 2019.
It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. That's the point. Bitcoin isn't a standard asset. Its not something you buy and sell for quick profit.
It is a creed.
While I think Bitcoin at 100K is a possibility, I don't see it happening in in the next few years. The current jubilation will dissipate on a sharp downturn imo. We'll all see though
If the bitcoin $100 k in 2021, it will be a tough debate going on about this because the price of the bitcoin is so extraordinary trade market so as to make the more rapidly and crowded, it would also create a serious speculation then requires a maturity in a few years. I am less sure of this and make me so crazy this
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