Bitcoin price could exceed $100,000 by 2018, says trader

bobitza

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Quote from: yenimailb on December 11, 2017, 04:37:17 PM

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

Currently I'm investing in bitcoin and I'm expecting bitcoin prices going up. But it is reported that on 01/01/2018 bitcoin in Vietnam will be banned. So now I stop investing or selling it this year.

orions.belt19

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Quote from: aizen10 on December 13, 2017, 02:12:26 AM

well this prediction is totally possible to happen, way back then last year 2016, the price of bitcoin is only raise upto $700 , and many prediction made from that moment that bitcoin price will soon to raise more than $1k, and its happened, after a few months later (2017) bitcoin price hits the all-time price hike of $3k and some people are celebrating that changes, but some other people (businessman/bitcoin hodler) are not just satisfies from that changes and they continue hodl their own bitcoin and now, we witness are celebrating the price-rocketing of this bitcoin and we are still hoping that sooner or later bitcoin price will continue to raise unstoppable.

Many are hoping for and betting on a bullish year for bitcoin this 2018 and the price predictions have been crazily high. It may sound crazy now but who knows? It may actually happen. At the start of 2017, I never thought of the price to reach this amount so maybe we can never tell what 2018 has in store for the price of bitcoin. At this point, anything may really happen.

gentlemand

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Quote from: Herbert2020 on December 13, 2017, 02:07:14 AM

that is the problem with SegWit, and that is one of the main reason why SegWit2x (the 2 MB hard fork) was suggested. the problem is that SegWit will only work if people use it. and it is opt-in not forced. and so far in the past ~4 months we can see practically nobody is using SegWit because block size is still at 1MB with a little increase in it.
2 MB could have solved it until LN comes. but for now we have to endure the increasing fees and hope the damage it causes won't be huge and permanent. like hoping things like Steam dropping bitcoin doesn't happen anymore!

None of the services I use have adopted Segwit, nor have any of the wallets. I'm not going to switch to elsewhere just for that so I'm going to have to wait. If it was available I'd certainly be using it.

I think all sides kind of fucked up with 2X. The people pushing it were clearly insanely reckless. Core should also have at least conceded the possibility starting to research a straightforward block size increase which would've united most people on the scene. It has to come some day anyway. It might as well be soon.

harizen

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Quote from: yenimailb on December 11, 2017, 04:37:17 PM

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

Just let that kind of speculations posted. People are bound to make speculations nowadays to the target price we couldn't imagined.

Reality speaks, A $100,00 target just by next year will only happened if bitcoin price will just move uptrend but it was impossible that on the way there will be no correction that will happened. Just imagined how much $$$ will needed to inject on bitcoin market just for it to make happened.

For me I don't mind that kind of speculation as I care for how can we take advantage of the current price of bitcoin. If it will happened then so be it, if not then also fine as long as we are sitting above at $10,000 which is just a dream price in the past.

sindikat

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Quote from: tatu on December 13, 2017, 01:15:10 PM

Quote from: SixOfFive on December 12, 2017, 06:42:36 PM

Too ambition to imagine BTC at $100000 in year.

I'm sure many people said the same thing about 10k this year. I don't think we will see 100k next year, though. I could see it easily being worth 20k+ in 2018, but I can also see the opposite and the bubble bursting after the excitement has died down and it falling to 4-6k again. I hope I'm wrong though. If we keep spreading the word and people keep buying in then we should be safe as long as we've got the demand to meet the supply.

I think that this decline will not happen. Bitcoin popularity is on the rise. Capitalization increases. Of course, I can't confidently assert that it is not pumping bitcoin speculative capital. But I think that in parallel with this, an increasing number of common users. I believe that next year the developers decide to increase the size of the block and bitcoin will become popular in the trade. This can significantly increase the price of bitcoin.

1Referee

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Quote from: Herbert2020 on December 13, 2017, 02:07:14 AM

like hoping things like Steam dropping bitcoin doesn't happen anymore!

That was a completely unnecessary step from Steam. If you as service aren't scooping up any sales through Bitcoin, you're not paying any fees at all. Worst case scenario is less people making use of Bitcoin due to the fees, so with the aforementioned in mind, they only lose out by doing this. Another thing they mentioned is the volatility, which is an utter bit of nonsense. BitPay converts their Bitcoin sales into fiat, where Steam itself has no exposure to the volatility at all, so what is exactly their risk in this matter? Bitcoin's market has always been volatile, and now suddenly it has started to become a problem? I think there is more to it than they let us know. I wonder if their stance on this matter will change once LN gets publicly launched.

tatu

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Quote from: SixOfFive on December 12, 2017, 06:42:36 PM

Too ambition to imagine BTC at $100000 in year.

I'm sure many people said the same thing about 10k this year. I don't think we will see 100k next year, though. I could see it easily being worth 20k+ in 2018, but I can also see the opposite and the bubble bursting after the excitement has died down and it falling to 4-6k again. I hope I'm wrong though. If we keep spreading the word and people keep buying in then we should be safe as long as we've got the demand to meet the supply.

BartS

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Quote from: eminemcookie on December 11, 2017, 05:04:01 PM

Quote from: yenimailb on December 11, 2017, 04:37:17 PM

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

I do not know about that, I do think that is a huge jump, we must understand that the bigger bitcoin becomes the harder it becomes for bitcoin to keep growing, in my opinion the best we can expect is something between 30k to 40k to me that is a more conservative prediction that has higher chances of becoming a reality, I would not mind 100k but I do not think it is going to happen.

azguard

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Anything is possible how with bitcoin price, however seem this price can be really achieved trough next year only problem is what will happen and how it will happen.
To be little more on this topic what will then government do will they accept it will they ban it all permanently will some retailers accept it.
What will be with the mining and with altcoin will they follow upraise from bitcoin price.

On other side we would all like to see this price happening sooner or later.

aizen10

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well this prediction is totally possible to happen, way back then last year 2016, the price of bitcoin is only raise upto $700 , and many prediction made from that moment that bitcoin price will soon to raise more than $1k, and its happened, after a few months later (2017) bitcoin price hits the all-time price hike of $3k and some people are celebrating that changes, but some other people (businessman/bitcoin hodler) are not just satisfies from that changes and they continue hodl their own bitcoin and now, we witness are celebrating the price-rocketing of this bitcoin and we are still hoping that sooner or later bitcoin price will continue to raise unstoppable.

Herbert2020

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Quote from: 1Referee on December 12, 2017, 06:18:15 PM

It's clear that Segwit alone won't do much in that regard, and that's something obvious even without Segwit being utilized right now. It was never meant to solve anything in terms of scaling, but more to buy time in the runup to Lightning Network.

that is the problem with SegWit, and that is one of the main reason why SegWit2x (the 2 MB hard fork) was suggested. the problem is that SegWit will only work if people use it. and it is opt-in not forced. and so far in the past ~4 months we can see practically nobody is using SegWit because block size is still at 1MB with a little increase in it.
2 MB could have solved it until LN comes. but for now we have to endure the increasing fees and hope the damage it causes won't be huge and permanent. like hoping things like Steam dropping bitcoin doesn't happen anymore!

gentlemand

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Quote from: SixOfFive on December 12, 2017, 06:42:36 PM

Too ambition to imagine BTC at $100000 in year.

And what were your feelings at the start of this year? Mine sure as shit did not encompass brushing the twenty thousand dollar mark. More eyes than ever are on this space and there's still only a few million who've actually taken the plunge. It could happen faster than anyone expects. I certainly don't expect it next year but even more ludicrous moves will happen at some point.

Quote from: 1Referee on December 12, 2017, 06:18:15 PM

Lightning Network is being tested as we speak, and even you could choose to contribute by reporting bugs, potential issues, etc. Ultimately, we need something to bring Bitcoin to the next level, because if that doesn't happen, Bitcoin won't be able to cope with the increased demand, which is something that we at all times should avoid. It's clear that Segwit alone won't do much in that regard, and that's something obvious even without Segwit being utilized right now. It was never meant to solve anything in terms of scaling, but more to buy time in the runup to Lightning Network. We'll see what happens, but I am confident in a good end result, where we definitely need it to succeed in order to stimulate further adoption.

Hope so. As for the suggestion to contribute, I don't even know how a bit of string carries sound between two cups so I won't be of any use.

SixOfFive

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I think it is too ambition to imagine BTC at $100000 in year.
Year 2018 will the a fate decider year for Bitcoin. As many countries govt. are taking crypto-market seriously and start working to regulate it in some way or other. So if any influential country say China, US, India or Australia etc make it illegal then it price will crash like anything.

1Referee

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Quote from: gentlemand on December 12, 2017, 05:23:16 PM

What if the lighting network never get it working right on a larger scale or the working right version is massively limited in some way?

The intention is there. Who knows what the final delivery will look like?

Lightning Network is being tested as we speak, and even you could choose to contribute by reporting bugs, potential issues, etc. Ultimately, we need something to bring Bitcoin to the next level, because if that doesn't happen, Bitcoin won't be able to cope with the increased demand, which is something that we at all times should avoid. It's clear that Segwit alone won't do much in that regard, and that's something obvious even without Segwit being utilized right now. It was never meant to solve anything in terms of scaling, but more to buy time in the runup to Lightning Network. We'll see what happens, but I am confident in a good end result, where we definitely need it to succeed in order to stimulate further adoption.

yenimailb

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Quote from: proudhon on December 12, 2017, 05:39:16 PM

I traded once. Bitcoin will absolutely never, ever, ever reach $100,000. It's a proven fact.

https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd

proudhon

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I traded once. Bitcoin will absolutely never, ever, ever reach $100,000. It's a proven fact.

eminemcookie

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Quote from: Youghoor on December 12, 2017, 05:20:41 PM

Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

I can imagine myself paying on starbucks a coffee of five bucks paying less than $1 worth of fees, it is exciting.

Quote from: eminemcookie on December 12, 2017, 03:05:28 PM

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin.

It is exactly what i said yesterday on this thread, we have not reached the maximum potential that bitcoin has, it has increased by more than 500% during this year, much more than that, probably the triple of that amount.

Quote from: eminemcookie on December 12, 2017, 03:05:28 PM

we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

with the LN, bitcoin is probably going to touch it's max potential.

It's one step to bitcoin becoming a far more viable option as a currency if the fees can be greatly reduced. Although I'd argue for many transactions $1 is still to much. While LN may now seem like bitcoins maximum potential, we do not know what is to come in the future, it is important always that bitcoin never stands still and always strives to improve.

gentlemand

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Quote from: Youghoor on December 12, 2017, 05:20:41 PM

Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

What if the lighting network never get it working right on a larger scale or the working right version is massively limited in some way?

The intention is there. Who knows what the final delivery will look like?

Youghoor

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Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

I can imagine myself paying on starbucks a coffee of five bucks paying less than $1 worth of fees, it is exciting.

Quote from: eminemcookie on December 12, 2017, 03:05:28 PM

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin.

It is exactly what i said yesterday on this thread, we have not reached the maximum potential that bitcoin has, it has increased by more than 500% during this year, much more than that, probably the triple of that amount.

Quote from: eminemcookie on December 12, 2017, 03:05:28 PM

we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

with the LN, bitcoin is probably going to touch it's max potential.

eminemcookie

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Quote from: jubalix on December 11, 2017, 06:28:01 PM

Quote from: jjacob on December 11, 2017, 05:18:00 PM

Quote from: eminemcookie on December 11, 2017, 05:04:01 PM

Quote from: yenimailb on December 11, 2017, 04:37:17 PM

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

A 6x jump in any asset class is a huge increase. You should also note that Bitcoin's price has increased by 15x this year. Lightning usually doesn't strike twice at the same place in quick succession.
These kind of sound bites give the trader some quick and cheap publicity, nothing more.

Bitcoin has an attribute of an asset class, but its not an asset class.

It's more like an uptake curve.

can the internet be take up/joined by 6 x more people in 1996, you bet.

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin. The point about the uptake curve is exactly why I see bitcoin either reaching 100k or crashing, I don't see there being any inbetween, we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

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