If bitcoin will accepted worldwide for legal then price rising $100k?? - page 3.

Hamphser

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Quote from: gunhell16 on December 02, 2023, 06:46:05 PM

Quote from: Nrcewker on November 30, 2023, 09:22:22 AM

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

Is it possible that the supply of Bitcoin will run out because most people are already holding it in preparation for the halving and bull run seasons? It doesn't seem possible, doesn't it? because there are still other traders who will sell who want to get a profit from Bitcoin, as far as I know.

That's why we're in the trading business here, because every second of time there are people selling and buying Bitcoin all over the world at this time. Apparently, the market is open 24 hours a day because the times of the countries are not the same everywhere in the world.

We do know that it isnt necessary on holding up a whole coin considering that we can be able to hold up fractions of it, the only thing that we can say that it is scarce on which that Bitcoin supply thats being produced becomes lesser and lesser on every halving period or situation and if we do try to compare the whole supply of Bitcoin basing up on the actual population worldwide and if we do say that it is really that been completely had been recognized or really that being accepted worldwide then expect that its price wont really be just hitting $100k but it would really be even more. It is really just that recognition and adoption would really be just taking up some time.

But of course lets not just that too in a rush when it comes to these numbers because it wont really be that a smooth sail ride if we do speak about 100k price point.
There would really be tons of ups and downs before we would be able to reach there. Actually it isnt really just that too far off i would say basing or looking with the current
price that we do have now but of course it will be taking up some time before we hit that.

gunhell16

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Quote from: Nrcewker on November 30, 2023, 09:22:22 AM

Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

Is it possible that the supply of Bitcoin will run out because most people are already holding it in preparation for the halving and bull run seasons? It doesn't seem possible, doesn't it? because there are still other traders who will sell who want to get a profit from Bitcoin, as far as I know.

That's why we're in the trading business here, because every second of time there are people selling and buying Bitcoin all over the world at this time. Apparently, the market is open 24 hours a day because the times of the countries are not the same everywhere in the world.

JoyMarsha

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Since bitcoin is not widely accepted everywhere, we anticipate that during the next bull run, its price will rise above $100,000. You may imagine what the price will be at a point when bitcoin becomes a legal tender all over the world.

You should know that demand drives up a product's price. The price of bitcoin will quickly soar to a million dollars if demand for bitcoin triples how it is currently. In any case, I do not intend for bitcoin to become widely accepted worldwide very soon or for its price to rise by millions more than anticipated.

STT

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I dont think its ever happening by government order, I realize we have one country thats done it at least but widespread I dont follow that many countries will. Just because its mostly does not benefit that regime and also the people themselves wont be the originators of this currency, even gold and silver was debated while being mined in those places it was used. BTC will be seen as something external in many countries especially if not benefitting from electronic production themselves. I'd say BTC does go with hydro power or many types of energy which might otherwise be isolated and so those communities should or could be using BTC but not everyone will agree and overall renewal power is still minority by far, if we all had wind power on the roof therefore we can mine cheap then yes I agree with OP.
100k can occur anyway, doesnt require government or laws to make it a feasible price that occurs sometime.

ajiz138

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Quote from: Yaunfitda on December 01, 2023, 05:36:10 AM

Quote from: GreenStox on December 01, 2023, 03:50:52 AM

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Just to be real though, the price is not going to immediately rise even if bitcoin is going to be accepted universally. It will go on a process and as we know that we have bull run and bear market season.

So it's not just be a matter of time, on the contrary it might not happen soon. As we all know that there are countries that are still against crypto in general. Only El Salvador and few nations have accepted it as legal tender. So it's going to be a long battle in the next decade to see that bitcoin is universally accepted or not or USD will still be the preferred medium of exchange although several countries has started it's dollarization.

Governments prefer more stable currencies and they usually hate significantly fluctuating currencies so it will be very difficult for all countries to accept bitcoin as a currency.

So it's hard to imagine if all countries accept it, at this time it is still impossible even in the next few decades bitcoin will definitely be more against it, the government just wants control over them and can control everything, then bitcoin is difficult to control so more against it than accept it.
Still the local currency of each country will definitely be maintained even though it is drained by inflation but people still believe because there is a government that guarantees it.

doomloop

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Quote from: Davian144 on November 30, 2023, 08:37:39 AM

it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

That isn't necessary at all, even if adoption reaches more ordinary people, it can still get the job done because it's all about investments, and if one person is investing $10k and 10 people are investing $30k cumulatively, the latter will have a higher influence on the price because it increases the demand and the price of Bitcoin fluctuates based on the demand and supply in the market. So, we should hope that those adopting Bitcoin must be bosses or officials, but it should be ordinary people but in greater numbers.

It will also have a higher chance of spreading faster if ordinary people learn about it and become interested because ordinary person would always talk to people they meet about what they do and what they like, and if they have recently learned about Bitcoin and also invested in it, the chances are that they will mention it in every conversation they have with someone. Thus, higher potential for more adoption.

Yaunfitda

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Quote from: GreenStox on December 01, 2023, 03:50:52 AM

Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

Just to be real though, the price is not going to immediately rise even if bitcoin is going to be accepted universally. It will go on a process and as we know that we have bull run and bear market season.

So it's not just be a matter of time, on the contrary it might not happen soon. As we all know that there are countries that are still against crypto in general. Only El Salvador and few nations have accepted it as legal tender. So it's going to be a long battle in the next decade to see that bitcoin is universally accepted or not or USD will still be the preferred medium of exchange although several countries has started it's dollarization.

GreenStox

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Of course the price will immediately rise, if it has been accepted by all countries, even at this time perhaps large companies are preparing to buy if regulations regarding BTC or news about BTC goes well.But it's just a matter of time.

mv1986

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Quote from: Lanatsa on November 30, 2023, 02:36:13 PM

If we do consider on how many % of the current population now do knows about Bitcoin or crypto then we can really say that there's still soo much room to grow on which means reaching or breaking 100k would really be just a piece of cake on which on the time that we do able to reach out that kind of situation then 100k would really be just that a small number. This is why it would really be that better that you should really be that
wise on taking up position while the price is really that low.Also, its not really that bad to take some entries now considering the price is still low, not that much or everybody could be able to do so considering that the price is really high but we know that we can buy in fractions.

Acceptance and adoption would really be the key for the price would really be going upward but we know that there's no assurance that we would be going into that price
but at least we are really that seeing that it does have potential. Lets just see on how things would really be ending up but since we are still a decade
in existence and there's still so much space to grow.

Acceptance yes and usage on a daily basis would also push the price as there is friction in any system, which would have an impact on the supply and demand situation for Bitcoin. But what will give Bitcoin really give a push is the institutional involvement now as some of the products they plan to offer will also require them to hold Bitcoin in reserves. Not all of those products, but there are products that will come with reserve requirements, That is no surprise as a bank could kill itself literally if they don't hold the reserves for a highly volatile asset. Everyone knows some of the well-known stories like those of the last financial crisis in 2007. With all these reserves and private savings invested in Bitcoin, the highly liquid part of the Bitcoin supply would shrink. Since it is safe to say that over time more people will find out about Bitcoin and use it, all these removals from daily circulation will have an impact on the price.

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Quote from: Davian144 on November 30, 2023, 08:37:39 AM

Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

If all countries in the world were ready to accept and adopt Bitcoin and use it like they use fiat in life, perhaps the conditions would be very different because a very extraordinary increase could occur directly in Bitcoin. But the ATH that Bitcoin has achieved in the range of $69K is purely because of the trust of many people in Bitcoin, not because all countries have approved Bitcoin.

So in terms of the next ATH value in Bitcoin it will probably be close to $100K if the number of people who believe in Bitcoin continues to increase and it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

If we do consider on how many % of the current population now do knows about Bitcoin or crypto then we can really say that there's still soo much room to grow on which means reaching or breaking 100k would really be just a piece of cake on which on the time that we do able to reach out that kind of situation then 100k would really be just that a small number. This is why it would really be that better that you should really be that
wise on taking up position while the price is really that low.Also, its not really that bad to take some entries now considering the price is still low, not that much or everybody could be able to do so considering that the price is really high but we know that we can buy in fractions.

Acceptance and adoption would really be the key for the price would really be going upward but we know that there's no assurance that we would be going into that price
but at least we are really that seeing that it does have potential. Lets just see on how things would really be ending up but since we are still a decade
in existence and there's still so much space to grow.

Nrcewker

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Worldwide acceptance means, more people showing interest in Bitcoins or buying it right? We know Bitcoins are limited in numbers. Hence if the demand to buy the Bitcoins increases, the supply will fall short. In order to fulfil the demand, with the limited supply the price will go up. So yes If Bitcoins are accepted worldwide then definitely the price will go up. This also happening in a steady rate, so buy as many coins as you can now before the price goes up.

Davian144

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Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

If all countries in the world were ready to accept and adopt Bitcoin and use it like they use fiat in life, perhaps the conditions would be very different because a very extraordinary increase could occur directly in Bitcoin. But the ATH that Bitcoin has achieved in the range of $69K is purely because of the trust of many people in Bitcoin, not because all countries have approved Bitcoin.

So in terms of the next ATH value in Bitcoin it will probably be close to $100K if the number of people who believe in Bitcoin continues to increase and it is highly hoped that these people will come from company bosses or from the top officials of other great countries. So it will have a greater influence on increasing the price of Bitcoin than before.

MFahad

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Most of the people only hesitate to invest in bitcoin due to restrictions of country but once government accept bitcoin then there will be no one who will not buy bitcoin. Everyone wants bitcoin investment as they are familiar with annual success of bitcoin but some are not allowed for making investment and some have no money to make investment.

If bitcoin become an acceptable currency then the value of bitcoin will increase and also bitcoin will be used for payment purposes like people will pay cash in the form of bitcoin. I think coming halving will have huge impact on many country so may be due to this impact bitcoin get accepted by many countries.

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Quote from: Minor Miner on November 28, 2023, 10:34:19 PM

Quote from: TimeTeller on November 28, 2023, 06:47:51 PM

Quote from: jeraldskie11 on November 28, 2023, 06:35:56 PM

Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

Reality check, we can't expect every country to just accept btc in their financial system.
But if large population will use it in their everyday payment method, definitely the price will shoot up.
However, we are still just speculating on this matter. We will know the possibility if we can actually see the progress in the market.

The value of an asset is based on supply and demand, so as long as demand for bitcoin increases it is inevitable that it will reach higher prices. Although it's all just our speculation, if we look at what's going on and what bitcoin has conquered, we have the right to believe and have faith in the future of bitcoin.
To be honest, a goal of $100k is a pretty modest goal for me. I even believe that bitcoin will reach higher prices in the future because its demand is growing constantly.

Considering on the percentage % of the overall population who do knows and get involved with bitcoin then we are really just that too small. There's so much room for us to grow more
and this is why it is really that safe to assume that 100k isnt really the peak price. We know that recognition is still on the move, not every corners of the world are knowing Bitcoin existence
which means that there's still potential. If we do saw different speculations in price in the market or in the internet there are even rumors of million per coin but well this is really that
becoming that unrealistic or something that too far off to reach on which we know that time will tell and the demand of it will really be the basis on how far it would go.

For now then it would be best that we should be taking up consideration on making out those investment position or entry within the market. We cant really
just that make ourselves letting again on missing the train if ever the price would be shooting up into the moon. lol

jeraldskie11

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Quote from: TimeTeller on November 28, 2023, 06:47:51 PM

Quote from: jeraldskie11 on November 28, 2023, 06:35:56 PM

Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

Reality check, we can't expect every country to just accept btc in their financial system.
But if large population will use it in their everyday payment method, definitely the price will shoot up.
However, we are still just speculating on this matter. We will know the possibility if we can actually see the progress in the market.

That was my previous belief, but today we must expect for the unexpected. Bitcoin is not like anything else; it is a one-of-a-kind commodity to us. People used to be afraid of utilizing Bitcoin, but as time passed, they began to accept Bitcoin payments. I believe it is also possible that nations who do not accept Bitcoin may do so in the future. We need to be confident that it will happen; it will help a lot.

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Quote from: TimeTeller on November 28, 2023, 06:47:51 PM

Quote from: jeraldskie11 on November 28, 2023, 06:35:56 PM

Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

Reality check, we can't expect every country to just accept btc in their financial system.
But if large population will use it in their everyday payment method, definitely the price will shoot up.
However, we are still just speculating on this matter. We will know the possibility if we can actually see the progress in the market.

The value of an asset is based on supply and demand, so as long as demand for bitcoin increases it is inevitable that it will reach higher prices. Although it's all just our speculation, if we look at what's going on and what bitcoin has conquered, we have the right to believe and have faith in the future of bitcoin.
To be honest, a goal of $100k is a pretty modest goal for me. I even believe that bitcoin will reach higher prices in the future because its demand is growing constantly.

pinggoki

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It's going to be more than just a 100k if everyone's using bitcoin as a currency because there's only so much bitcoin out there and so many expenses, I don't know if this is accurate but I've seen that there's about 34.7 trillion USD is spent globally now if you were to divide that to 18 million bitcoins accounting for lost bitcoins, then you'll probably see that the worth of bitcoin is going to be more than just a 100k even if say bitcoin only gets to be part of that half of that spending, bitcoin will still be worth more than 100k so fingers crossed that it's going to happen in the future and that when that happens, a lot of us would be hodling large amounts of bitcoin.

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Quote from: jeraldskie11 on November 28, 2023, 06:35:56 PM

Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

Reality check, we can't expect every country to just accept btc in their financial system.
But if large population will use it in their everyday payment method, definitely the price will shoot up.
However, we are still just speculating on this matter. We will know the possibility if we can actually see the progress in the market.

jeraldskie11

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Quote from: bettercrypto on November 28, 2023, 09:45:30 AM

Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

What was Bitcoin's last ATH? Did it reach $69 000 in the market, right? Is it true these days that all countries have accepted Bitcoin? are not the only few countries that still recognize it. And most haven't, really.

What does that mean, if most countries are not completely ready to adopt Bitcoin, but its market ATH value has reached such a level, how much more if all countries have accepted Bitcoin, eh, probably quickly in 24 hours the price value of Bitcoin will suddenly reach more than 100k$?

I completely agree with you. Despite the fact that Bitcoin is not yet officially accepted in all countries, its price has risen to $69k. As I recall, Bitcoin reached such a high price in 2021 due of hype. How much more if Bitcoin is legally accepted in every part of the world? It is not likely to happen in the next few days, but I believe that the price of Bitcoin will hit $100,000 due to the halving next year. That is why it is advisable to accumulate Bitcoin now, while the price has not yet reached such levels, because it's highly possible that the price will never return to this current price if Bitcoin reaches those levels.

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Quote from: Jocuserious on July 05, 2023, 09:11:14 PM

If btc is legally accepted in all countries then huge number of investors will increase. and the use of btc in various fields will increase.

what is your opinion about this?

If bitcoin will be legalized in all over the world, then its adoption rate will also speed up. But I'm not seeing only $100k but more than that as btc price will definitely grow continuously if there are no negative factors that will oppose its growth. And when we say bitcoin adoption, that does not mean that the people are only using it as an investment tool but also utilizing it as a legal currency that can be use to pay for daily expenses.

However, the process might be tough and hard. As long as the government is not open about bitcoin and how it can bring success and growth to the country's economy, then expecting for bitcoin adoption might still be uncertain but we all know the world is heading to its digital version, and bitcoin perfectly suit for it.

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