It’s going to happen for sure and as you have said, its just a matter of when its going to be, because nobody knows when its going to be. The way I see it, before bitcoin reaches that level of $100,000 and the cryptocurrency market cap of around $2 trillion, its probably going to be for a very long time. And when it happens a lot of people are going to start trusting cryptocurrency since it has reached a level where it has been able to stand the test of time and still stood firm.
Right now, there are lots of people who think that cryptocurrency is not genuine and they are trying as much as possible to avoid it.
Topic: Interesting fact: When Bitcoin reaches $100 000... - page 2. (Read 555 times)
Professional investors and traders still says that it's young and there's a long way to go to be recognized by most people in the world.
That's true. Bitcoin has had quite an easy ride thus far with how the stock market went on a parabolic ride similar to Bitcoin's parabolic ride (obviously not percentage wise).
I am really curious to see how Bitcoin's 'safe haven' narrative holds whenever we see the US stock market takes a massive multi year dump. I'm afraid that it will also drive Bitcoin down because it's treated as a very risky and speculative investment asset, which in general, is sold off the first whenever markets start to turn bearish.
I am not going to hold a bag of coins in that situation and will unload a chunk to buy back lower when most of the hot air has escaped. It's better to think rationally whenever that happens because it sucks sitting out 80ish % corrections. No matter how much I like Bitcoin, it just sucks because you could have bought many more coins back lower.
It will be a long ride for bitcoin to reach the price of $100k but it's going to make history if ever it will be reaching that price, and I think it will be classified as the best performing speculative asset of the century.
True. Can't count the trashcoins in the value. That question that OP indicated struck me for a moment. Seems like we're just bouncing back and forth through 7k - 10k , so I personally agree with the questions of "when", especially we're getting a lot of adoption these days already and I wouldn't be surprised if we're gonna get back on our feet to 20k being the solid support to 50k. It won't be happening for like a decade but let's just what happens if surges would happen soon.
Many analysts and traders suggest that $100 000 is not a question of IF, it's a question of WHEN.
I agree with this, though I'm far from certain whether it's going to happen. I have a feeling bitcoin will get to $100k, but it might be a while. Still, it's "only" a 10x gain from where it's at now, and I've seen that sort of growth since I've been into crypto....total Cryptocurrency market capitalization will be at least $2 Trillion.
That I don't know about. Bitcoin's market cap would be $210 billion (assuming all 21 million coins were in circulation), but who knows what the rest of the altcoin market would do. If bitcoin were to hit $100k at a time when people have figured out that most altcoins are useless, there might only be a few left in existence. But that estimate might be right. It'll be interesting to see how long it takes for that 10x gain--and I'm more immediately interested in where bitcoin's going to head this year. It's off to a great start so far, but there's a lot of time left in 2020.
Here's another interesting fact for you. USD is inflating and BTC is deflating. 100 years ago people were earning $5 a day, now they're earning $50 and they can't even buy same quality products their grandparents were paying $5 for.
If the question is when maybe by the time it happens 100 thousand dollars will be the value of a cheap new car or a motorcycle, like 10 thousand is now.
If the question is when maybe by the time it happens 100 thousand dollars will be the value of a cheap new car or a motorcycle, like 10 thousand is now.
If it ever gets there I'll be very interested to see how it compares in market depth versus those markets nominated. My feeling is that it'll still be pitiful.
It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
If Bitcoin is worth $100k tomorrow, then at least its market capitalization won't be pitiful. Well, it would join the trillion club, at least. I don't think it matters much, though, and here I agree with you. Many people have no idea that there's this currency one coin of which is worth $10k, so if it's $100k more people might care but I don't think that it would be a game-changer. Moreover, I don't think it's right to compare Bitcoin with stock or with the evaluation some companies have because Bitcoin is neither of these things. It seems reasonable to me to compare it with payment methods, but in this area, Bitcoin is very far behind the leaders. Or perhaps comparing it with fiat currencies would make more sense, I am not sure. It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
Cryptocurrency market almost reached a trillion dollars market capitalization last 2017 and i think it is not long to reached that again so basically we will be entering the Group of trillion$ Club?
Very interesting opinion from the experts that they change the word "if" to "when" which is probably this will be happend soon and it's only a matter of time and market cap achievement also very high when bitcoin reach to $100000 and also the gapped between forex market cap also will nearest but i was wondering when this will happend
either to happen soon or in few years what is important for me is we are heading towards this and we must be proud because in just 10 years we have touched this high market Capital,while those listed trillion club has been here for how many decades. If it ever gets there I'll be very interested to see how it compares in market depth versus those markets nominated. My feeling is that it'll still be pitiful.
It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
Honestly, in such a situation on the market, any product will grow absolutely, be it Bitcoin, some altcoin, or even something from the real sector of the economy.It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
Here another problem arises, namely the soap bubble, when everyone buys and buys in the hope of profit, but it cannot go on like this forever, and ultimately it can be very bad. Best of all is systematic growth.
According to statistics back in 2018, only 0,5% of world population were in blockchain/cryptocurrency. Half of the world population does not have access to internet and digital media.
Which means the 50% of the world does.
That would make the total users/adopters close to 1%, technically.
This still leaves a window of opportunity at 49% of market potential or even more, depending how much more users gain access to internet and digital media in the future.
On paper, there is a HUGE untapped potential for mass adoption, but not everyone from those 49% will be interested in blockchain/cryptocurrency, logically.
But there are some who eventually will.
If it ever gets there I'll be very interested to see how it compares in market depth versus those markets nominated. My feeling is that it'll still be pitiful.
It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
Honestly, in such a situation on the market, any product will grow absolutely, be it Bitcoin, some altcoin, or even something from the real sector of the economy.It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
Here another problem arises, namely the soap bubble, when everyone buys and buys in the hope of profit, but it cannot go on like this forever, and ultimately it can be very bad. Best of all is systematic growth.
It could reach $100,000 in a few hours tomorrow. All it needs is a lack of sellers and a surfeit of buyers. Even if flashy figures like that are reached they don't mean all much until the markets are much deeper, broader and more accessible.
I wish that this could become a reality 
. A reality where all of the investors right now will be buyers and will buy Bitcoin at once all over the world.
...total Cryptocurrency market capitalization will be at least $2 Trillion.
Many analysts and traders suggest that $100 000 is not a question of IF, it's a question of WHEN.
There are many factors that will affect the total market cap of "Bitcoin" (and not the total market capitalization).Many analysts and traders suggest that $100 000 is not a question of IF, it's a question of WHEN.
Adoption will be one and the doubters is also one. We know that many are doubting when it comes to Bitcoin and that interconnects with the adoption because if there are many doubters, adoption will be slower because only few wants to use Bitcoin.
I know that these so-called "analysts" are saying that it is only a question of "WHEN" but they must see the other factors that can help the price to rise up to $100,000.
The numbers are one thing, but the reality is something else, so it should be borne in mind that the stable price of $100k for one BTC will not be seen soon, which does not mean that it will not happen in the next 5 years. But one has to wonder when investors will decide to invest in BTC and not in other markets, which, if we're being honest, are still a lot more attractive and secure than Bitcoin.
What is left from mining operations? So you think the mining is over or people are buying/selling only from miners? At this time there is only 1800 BTC created daily as mining rewards, and by cmc data daily volume is 4.660.207 BTC worth $45.331.981.683.
No one is forcing anyone to buy or sell BTC, if someone is as you say "sucker", then it is sucker in all segments of life.
When it hit $20k, btc couldn't cope with the number of speculators buying and selling.
Since then its been in slow decline.
It's now being hyped by people trying to get new suckers to buy what is left from mining operations.
Since then its been in slow decline.
It's now being hyped by people trying to get new suckers to buy what is left from mining operations.
What is left from mining operations? So you think the mining is over or people are buying/selling only from miners? At this time there is only 1800 BTC created daily as mining rewards, and by cmc data daily volume is 4.660.207 BTC worth $45.331.981.683.
No one is forcing anyone to buy or sell BTC, if someone is as you say "sucker", then it is sucker in all segments of life.
Well, dreaming Is something that was always free. But when we wake up we have to face reality, and reality is that $100,000 is a very high and exaggerated price. So far, I haven't even managed to stay above $13000 and be stable. We have not yet reached $20,000 and are already forecasting a price of $100,000? The curious thing about all this is that they only do this type of price forecast when the price increases a lot
Very interesting opinion from the experts that they change the word "if" to "when" which is probably this will be happend soon and it's only a matter of time and market cap achievement also very high when bitcoin reach to $100000 and also the gapped between forex market cap also will nearest but i was wondering when this will happend
I am really curious to see how Bitcoin's 'safe haven' narrative holds whenever we see the US stock market takes a massive multi year dump. I'm afraid that it will also drive Bitcoin down because it's treated as a very risky and speculative investment asset, which in general, is sold off the first whenever markets start to turn bearish.
I am not going to hold a bag of coins in that situation and will unload a chunk to buy back lower when most of the hot air has escaped. It's better to think rationally whenever that happens because it sucks sitting out 80ish % corrections. No matter how much I like Bitcoin, it just sucks because you could have bought many more coins back lower.
I am not going to hold a bag of coins in that situation and will unload a chunk to buy back lower when most of the hot air has escaped. It's better to think rationally whenever that happens because it sucks sitting out 80ish % corrections. No matter how much I like Bitcoin, it just sucks because you could have bought many more coins back lower.
I think it's only the type of people who post threads about a bank having its toilet blocked with 'Bitcoin user not affected' thrown in there who buys the safe haven narrative.
Maybe in another 10-15 years it might be thought of that way by enough people around the world. Until that point everyone'll run screaming just like with everything else and probably even more so.
Professional investors and traders still says that it's young and there's a long way to go to be recognized by most people in the world.
That's true. Bitcoin has had quite an easy ride thus far with how the stock market went on a parabolic ride similar to Bitcoin's parabolic ride (obviously not percentage wise).
I am really curious to see how Bitcoin's 'safe haven' narrative holds whenever we see the US stock market takes a massive multi year dump. I'm afraid that it will also drive Bitcoin down because it's treated as a very risky and speculative investment asset, which in general, is sold off the first whenever markets start to turn bearish.
I am not going to hold a bag of coins in that situation and will unload a chunk to buy back lower when most of the hot air has escaped. It's better to think rationally whenever that happens because it sucks sitting out 80ish % corrections. No matter how much I like Bitcoin, it just sucks because you could have bought many more coins back lower.
and we are yet to see true bearishness, with people seriously doubting Bitcoin and not simply waiting between bull seasons.
So 2014/15 was a walk in the park? Sheesh.
TONS of people walked away having declared it fully dead. There were hours between posts on the main threads on this forum. If that had been a conventional market it would be talked about for centuries after recovering from such deadness.
Alt fans certainly got a kicking in 2018 too. Overall this round has been milder but it was still hairy for many.
Time will tell then. We're here to witness whatever lies ahead in the future for bitcoin. As long as you are confident that it's here to stay, no matter how much the market cap will be, your patience will be fruitful.
Professional investors and traders still says that it's young and there's a long way to go to be recognized by most people in the world. But, we will see it then, one step at a time, no need to rush and while waiting for that day be $500M or $1T or $2T market cap, hold your horses and accumulate.
Professional investors and traders still says that it's young and there's a long way to go to be recognized by most people in the world. But, we will see it then, one step at a time, no need to rush and while waiting for that day be $500M or $1T or $2T market cap, hold your horses and accumulate.
That definitely is interesting but it also begs the question: is Bitcoin really worth 40% of the forex market? We know forex is big but the world's market for all the different fiat currencies wouldn't be questioned much by anyone. Fiat is still responsible for a major portion of the world's commerce and economy. Can we say Bitcoin or any crypto can rival fiat? If so, that will be the reason BTC is $100k.
I agree with you on the question of not IF but WHEN. I would like to know that as well. Since most governments are against crypto, it would something real special for btc to pull that price off, without any help from governments. Of course the global mood is changing but its not changing fast enough. Lets keep fingers crossed, and hope it happens before we die.
It was always a question of when as we already know how bitcoin achieved what was deemed as impossible a few years back. Bitcoin can certainly perform way beyond expectations and people are now realizing that it could bring them potential riches, or even just use it as a hedge against inflation and the worsening economy in their respective countries.
Though I like to differ that increase in value does not equate to wider adoption. It needs more than that tbh, and if people can't afford to get bitcoin, how would they be using it in the first place?
The more higher the price of Bitcoin goes the more popular it would get and that means that there would be more to accept crypto.Though I like to differ that increase in value does not equate to wider adoption. It needs more than that tbh, and if people can't afford to get bitcoin, how would they be using it in the first place?
The only problem when BTC price is so high is the transaction fee,
Peopl doesn't need to afford 1 BTC to use it they could always purchase it on smaller bills like Sats but the problem would be the transaction fee.
If they couldn't find a way to cut it short then the high price and adoptaton would be pointless since people wouldn't use it for payment.
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