Interesting fact: When Bitcoin reaches $100 000...

imstillthebest

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Quote from: dentolas on February 25, 2020, 02:38:13 AM

This is nice, but we can't forget that there are a ton of billions still missing in order to achieve the first trillion... I have been following the crypto cap on CMC lately and unfortunately it seems to be struggling to keep the current level... let's not forget that to increase the cap, fresh money needs to come in and I think BTC will need to show something more to convince the investors

what you mean by some btc missing ? those are forgotten by the owner ? or those who are being sent on a random address that doesnt exist ? well indeed those were completely lost and those cant circulate anymore but keep in mind that existing btc left are still too much and enough for btc to climb 100k usd and more . yup your right , current trend seem to suffer but this is cause by several bad news that are happening lately . as soon as those are solved , i think the value can easily rise but will still take some time for btc to reach 100k usd because btc adoption is still improving slow

dentolas

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This is nice, but we can't forget that there are a ton of billions still missing in order to achieve the first trillion... I have been following the crypto cap on CMC lately and unfortunately it seems to be struggling to keep the current level... let's not forget that to increase the cap, fresh money needs to come in and I think BTC will need to show something more to convince the investors

okala

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

cryptocurrencies market capitalization has attempted cross 1 trillion dollars before and I think 2 trillion dollars will soon be achieve. Bitcoin is a high volatile market and just a few events can bring good investors that will push the price extremely up. I will recommend us to take the opportunity of the current pull back and buy low as this is the only way to be part of the next bull run.

Bezobraznike

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Interesting facts, and I agree with a statement that is just a question of time when will Bitcoin join a trillion dollar club. I believe we
are close to that, we will cross a trillion this or next year.
What would be interesting to see how long each of this markets needed to get to trillion dollar market. Stock, bond, real estate markets
exist for many years, I am sure these markets didn't rise so fast.

criza

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This would be a great news for a lot of crypto currency investors and Bitcoin supporters in the community. There is indeed a potential for crypto currency to dominate the current market and become a high value asset overtime especially Bitcoin because its supply is limited and the demand increases day by day as its popularity also increases everyday.

For me, it is a good choice to invest now in Bitcoin or it will be too late to buy its stocks in the future.

Divinespark

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

Currently the total market capitalization is only at 200 billion $, and are you expecting it to go up to 2 trillion $ ? That is a huge growth for this market and if it happens then this will be a huge phenomenon in the entire economic market. It is difficult for it to grow so with the current conditions, the market is too cold

pawanjain

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I am a bitcoin fanboy and I love it. I am sure bitcoin has great potential and will boom the crypto industry some day.
Though bitcoin has great potential, I think it will struggle to be a globally accepted currency since online payment methods such as credit cards provide more number of transactions in a second.
Obviously there are many other factors to consider as well but what I am saying is that in future there will be other cryptocurrencies which will be more decentralized and better than bitcoin.
For now, bitcoin is inspiring many others and hence its price is increasing steadily over the years.
Bitcoin has full capability of reaching $100,000 but will have to face many hurdles before it achieves the target.

rajasobdar786

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i love Blockchain every one need to invest in bitcoin because its a future The blockchain space is getting to the point where there’s a ceiling in sight. If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore

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Bitcoin has outperformed most investment in a 10 years period. I’m just looking forward to see what it does in the next decade

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Quote from: bitbunnny on February 22, 2020, 03:21:07 PM

It's interesting how you are confident that Bitcoin will reach 100.000,00$. Having in mind how Bitcoin is volatile and unpredictable that is possible but at the sane time a bit exaggerated and we can't tell for sure if that will happen or not.
No matter that we will have limted supply and probably increased demand after all Bitcoins are mined let's be more moderate and realistic in predictions.

right, no one knows whether it will happen or not. It is possible that by halving the amount of bitcoin and regulations of all countries will increase demand and reach the intended price. if people know when that will happen, I think there will be many new successful people and many people will lose money

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bitbunnny

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It's interesting how you are confident that Bitcoin will reach 100.000,00$. Having in mind how Bitcoin is volatile and unpredictable that is possible but at the sane time a bit exaggerated and we can't tell for sure if that will happen or not.
No matter that we will have limted supply and probably increased demand after all Bitcoins are mined let's be more moderate and realistic in predictions.

fiulpro

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Well I do think when we will mine all the bitcoins out , all those 21 million then we would be able to see such changes , people will recognize it more and since the demand and supply will reach a turning point with people struggling to get their hands on bitcoins the value will rise like never before , I do think that would be the time you are talking about.
Just some years more and we would be able to own something which is limited in this world , if we keep on holding we will be able to make immense profit one we never would have even though of 😂 but then again holding is the hardest part.

ChrisPop

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Bitcoin will reach $100,000 if no black swan will show up I personally have no doubt about that. Just taking into account the limited supply and the increasing demand for it + I'm sure there is a number of units being lost on a daily basis due to people misusing or losing their wallets.

Looking forward to the day when we'll reach $100k..champagnes are ready haha

rdluffy

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Last time when BTC reached ATH of almost 20k USD I remember that we almost touched 1 Trillion USD
So I think we need more than 2 Trillion total marketcap to achieve such price of 100k USD, I'm confident that we can reach 1 trillion, because if you look another markets, it's way bigger than cryptos
And of course there's something very important, the dominance of BTC, this fact can helps BTC (or not) to achieve higher prices

shoreno

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Quote from: Moshaid on February 22, 2020, 05:56:31 AM

In as much as I believe in the power of bitcoin, bitcoin reaching 100k$ is something have always been pessimistic about.

you believe that bitcoin is powerful but you dont believe that its value can go 100k or over than that .

Quote from: Moshaid on February 22, 2020, 05:56:31 AM

The growth of bitcoin will emerge it's current ATH price but hitting 100k$ is clearly unrealistic based on my opinion.

can you picture out when first bitcoin came out . people never thought that bitcoin have a potential to pump this high starting from a cent only . can you imagine that ? same scenario can also happen in the future .

Quote from: Moshaid on February 22, 2020, 05:56:31 AM

Although have seen several analysts made videos, post about what will become of bitcoin in the future but I will rather choose bitcoin being a globally recognized and accepted currency than an unrealistic price speculation.

if bitcoin is accepted globally , that means it will become more idemand and as a result its value will pump more . 100k usd will be more realistic if that happens

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

Hmm 10% after 11 years, only 90% to go. Do you know that price increase will take longer as time passes? (maturity). Sure it might eventually get there, but i wouldn't hold my breath.

So to answer your question of "WHEN", my answer is: a ten fold price increase has to take longer than the previous ten fold price increase. And pay close attention how long it took for the previous one and the previous to that, the closer you get to the beginning the faster it is.

Check the time it took to go from: 1 to 10, 10 to 100, 100 to 1000, 1000 to 10000, now 10000 to 100000...

You will notice a pattern, its a logarithmic curve. This curve exists elsewhere, in historical price of certain things, such as gold....

The late investors always earn less, that's the other side of the coin. Less risk (record proven) but also less gain (everyone is already in).

Moshaid

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In as much as I believe in the power of bitcoin, bitcoin reaching 100k$ is something have always been pessimistic about. The growth of bitcoin will emerge it's current ATH price but hitting 100k$ is clearly unrealistic based on my opinion. Although have seen several analysts made videos, post about what will become of bitcoin in the future but I will rather choose bitcoin being a globally recognized and accepted currency than an unrealistic price speculation.

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Quote from: davis196 on February 18, 2020, 01:21:37 AM

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

4.Probably 3/4 of all bitcoin users HODL their BTC.If there's a big price pump,they will simply start selling their BTC,thus the price will go down.

Wasn’t that even more true when BTC did worth $1,000? But it reached $10,000 anyway….
I think users that HODL are very likely to buy more BTC in near future, and newcomers potential is higher due to larger mainstream awareness.

bgaf

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Quote from: pixie85 on February 19, 2020, 12:36:45 PM

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.

Its safe to say that you are right however youre mistaken by the facts that inflation will continue to rise in the future. BTC deflating? Why? The example is pretty bias and turn into USD. I think most will not agree with this.

Reaching that amount for btc could change a lot in the econimic growth of different country and as well as yours.

Quote from: The Sceptical Chymist on February 19, 2020, 12:42:12 PM

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.

Last 2017 right more or less? Btc price is expounding in terms of value but the sad fact about its volatility makes investor bleed out when bear season arrives also for those fomo guys who are buying when halving and hype of btc reaching ATH is near.

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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.

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Quote from: 1Referee on February 18, 2020, 05:39:49 AM

Quote from: livingfree on February 18, 2020, 05:02:47 AM

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.

I have never think of that to load off if the market suddenly drops. But you have given me an idea that it's a counter mechanism if ever the market didn't do pretty well in the near future which I'm double sided and doubting that it will come soon.

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.

isaac_clarke22

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Quote from: pooya87 on February 17, 2020, 11:53:41 PM

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

~

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.

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

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.

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

pixie85

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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.

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Quote from: gentlemand on February 17, 2020, 08:10:43 PM

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.

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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?

Quote from: bering on February 18, 2020, 05:58:08 AM

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.

Qcrypto

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Quote from: FanatMonet on February 18, 2020, 07:04:25 AM

Quote from: gentlemand on February 17, 2020, 08:10:43 PM

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.
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.

FanatMonet

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Quote from: gentlemand on February 17, 2020, 08:10:43 PM

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.
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.

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Quote from: gentlemand on February 17, 2020, 08:10:43 PM

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 Cheesy

.
A reality where all of the investors right now will be buyers and will buy Bitcoin at once all over the world.

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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).
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.

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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.

Quote from: coinycoiny on February 18, 2020, 02:10:59 AM

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.

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.

Slow death

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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

bering

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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

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Quote from: 1Referee on February 18, 2020, 05:39:49 AM

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 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.

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Quote from: livingfree on February 18, 2020, 05:02:47 AM

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.

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Quote from: hatshepsut93 on February 18, 2020, 01:39:17 AM

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.

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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.

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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.

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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.

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Quote from: dothebeats on February 17, 2020, 05:56:51 PM

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.
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.

coinycoiny

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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.

hatshepsut93

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Quote from: gentlemand on February 17, 2020, 08:10:43 PM

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.

Liquidity, adoption and other important metrics are still low, so whatever huge marketcap we have now, it only shows that the market is mostly speculative, and this is really not a good thing. It has been largely bullish all this time, and we are yet to see true bearishness, with people seriously doubting Bitcoin and not simply waiting between bull seasons. To me Bitcoin reaching $100,000 is still an "if", not "when".

Xxmodded

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

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.

Market capacity is used to calculate the total value of an asset or business which is usually calculated by multiplying the market price and by the total number of coins in circulation, so to reach $ 100,000 I think bitcoin requires more adoption and regulation, so if bitcoin can increase users in the real world then we will soon see a bitcoin price of that size will be realized.

davis196

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

Yeah,the global market cap might reach 2 trillion USD.And SO WHAT?Why do we have to care about market caps?Do you realize how difficult it will be for Bitcoin to reach 100K USD?
1.Every time there's a bitcoin pump,many traders sell BTC and buy altcoins,waiting for bigger profits.This pushed the bitcoin price down.
2.Every time there's a bitcoin price pump,the mainstream media "FUD army" starts the same old FUD propaganda campaign that scares away the noobs,who might buy BTC for the first time.
3.If there's a big bitcoin price pump all the governments,central banks,SEC,etc. will start shitting over bitcoin.
4.Probably 3/4 of all bitcoin users HODL their BTC.If there's a big price pump,they will simply start selling their BTC,thus the price will go down.

lizarder

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Quote from: valuater on February 17, 2020, 10:46:42 PM

Quote from: conhela on February 17, 2020, 06:20:43 PM

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

You're dam right new investors would jump in! Once we get closer to new ATH the public eyes will jump right back into bitcoin, hopefully bitcoin's blockchain is better prepared for the stress it's going to receive from the newer investors

New investors will definitely be a breath of fresh air for bitcoin sustainability, but to reach $ 100,000 I think it is still too early to be obtained because it takes a long process, the main thing is that bitcoin can be accepted in every country and countries start using bitcoin as an alternative transaction tool, maybe this can cause bitcoin will reach that price,

But the next question is when the price is really at the price of $ 100,000 what is the next target?

I think to be able to reach $ 100,000 many limits need to be broken if we look at it from technical analysis because as long as bitcoin grows almost in the area of $ 20,000 and many say that in April $ 17,000 could be broken, I feel the next footing when we discuss the nominal issue of $ 100,000 for This bitcoin needs a lot of consideration, at least we have to look at in terms of a nominal $ 20000 whether it can be penetrated again or again reject, then we move on to the area of $ 3000, $ 50000 and so on until $ 100,000 can really be achieved.

pooya87

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...total Cryptocurrency market capitalization will be at least $2 Trillion.

it is not "total Cryptocurrency market cap" it is only "bitcoin market cap" that would be a little less than $2 trillion (~19 mil supply * $100k price).
the "total Cryptocurrency market cap" is going to be a meaningless number that may be in the range of thousands of trillion since there is a huge number of shitcoins each with enormous supplies.

valuater

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Quote from: conhela on February 17, 2020, 06:20:43 PM

Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

You're dam right new investors would jump in! Once we get closer to new ATH the public eyes will jump right back into bitcoin, hopefully bitcoin's blockchain is better prepared for the stress it's going to receive from the newer investors

New investors will definitely be a breath of fresh air for bitcoin sustainability, but to reach $ 100,000 I think it is still too early to be obtained because it takes a long process, the main thing is that bitcoin can be accepted in every country and countries start using bitcoin as an alternative transaction tool, maybe this can cause bitcoin will reach that price,

But the next question is when the price is really at the price of $ 100,000 what is the next target?

gentlemand

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Welt Am Draht

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.

conhela

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Quote from: Qcrypto on February 17, 2020, 05:32:57 PM

...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

You're dam right new investors would jump in! Once we get closer to new ATH the public eyes will jump right back into bitcoin, hopefully bitcoin's blockchain is better prepared for the stress it's going to receive from the newer investors

dothebeats

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Cashback 15%

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?

Qcrypto

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...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.

This means the cryptocurrency market will join the Trillion Dollar club and that is not a small thing.

Stock Market cap: $78 Trillion
Bond market cap: over $100 trillion
Real Estate market cap: $33.3 trillion
Commodities Market cap: $20 trillion
Forex Market cap: $5.1 trillion

This will very likely propel Cryptocurrency to wider adoption.
World will get another Trading Asset along with Stocks, Bonds, Real Estate, Forex, Commodities and such.

Topic: Interesting fact: When Bitcoin reaches $100 000... (Read 556 times)