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Topic: Poll: What year will we hit $100,000? - page 3. (Read 5031 times)

hero member
Activity: 966
Merit: 507
February 07, 2016, 05:23:39 PM
#56
I have voted for never. I can't avoid but being a pessimistic (a well-informed economist  Grin) Of course I will be very happy when the price reaches such high value, but I am mentally prepared for a wide range of potential scenarios, including the disappearance of bitcoin.
hero member
Activity: 583
Merit: 503
February 07, 2016, 04:40:27 PM
#55
Interesting question. As other said earlier in this thread there are basically two possibilities:

1: somewhere in the coming years, Bitcoin really picks up momentum among the public, gets adopted by many large organizations, and gains a significant foothold in the financial world. Value absolutely explodes to several hundred thousands of USD and those possessing amounts even as small as 0,1 BTC, find themselves suddenly a lot richer. In this scenario, those involved in Bitcoin nowadays are still the early adopters.

2: during the coming years, it appears Bitcoin fails to break through. Value gradually declines (but never goes to $0) and crypto slumbers on in some sort of online Limbo. Trading continues -although reduced-, but a large influence in the financial worlds is impossible.

The question is: what direction will BTC take ... ?
hero member
Activity: 714
Merit: 500
February 07, 2016, 03:54:05 PM
#54
I think it will never happen, I think its to much to ask from the bitcoin.
I think it just to much, maybe it will rise to a high amount but not such a high amount.
sr. member
Activity: 322
Merit: 250
February 07, 2016, 03:14:13 PM
#53
I'll just say 2025.
legendary
Activity: 1568
Merit: 1000
February 07, 2016, 03:08:52 PM
#52
If there is no actual demand or need for Bitcoin it will never reach a price that high, gold is scarce and precious and it's even needed for manufacturing things and it never reached those crazy figures. The only thing that can push a value like this if it becomes adopted by the mainstream and it's used for digital goods, etc everyday. That's pure math right there, only 21 million (much less than that available of course) with a strong demand equals instant high value.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
February 07, 2016, 03:00:48 PM
#51
Even if such rise occurs even after 10 or 20 years it would be could. But I don't think this could happen. From my calculation it would reach the maximum of 5000$ not more than that. 5000$ itself is high, takes long years to reach. So no hope for 100000$

What are the foundations of your 'calculations'. $5000 per coin feels like a long way away but in the great scheme of things it still means Bitcoin is effectively a sideshow in global finance terms.  

I believe it'll either never get anywhere near that high or sail right past it to go far higher.
hero member
Activity: 1106
Merit: 521
February 07, 2016, 02:59:35 PM
#50
The progression is good, but 100k. NahI don't think bitcoin it is meant to be.

So 50k. Yes, but 100k.. nah.

I dont get the logic here, if bitcoin can 50k then why not a 100k.  to me it just dosnt make sense.  also the banks my not be siting still but it still dosnt mean they will ever release a decentralised currency,  if they ever release blockchain type money in will be highly centralised.
hero member
Activity: 616
Merit: 500
February 07, 2016, 02:55:56 PM
#49
I'm surprised to see so many votes of "never"...

I think that once this halving drama is out of the way, and the scailability issue is solved, it could easily go 10X from here and gain much more adoption from then on because everyone will once again have faith in BTC.
The halving will be coming soon and the market has to find a way to handle it and it might be the major event this year.
sr. member
Activity: 423
Merit: 250
February 07, 2016, 02:47:18 PM
#48
I'm surprised to see so many votes of "never"...

I think that once this halving drama is out of the way, and the scailability issue is solved, it could easily go 10X from here and gain much more adoption from then on because everyone will once again have faith in BTC.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
February 07, 2016, 02:42:38 PM
#47
Honestly, I can't even see bitcoin sustaining a price of $5000 a piece because people's mentality is to sell when the price reached 4 digits. How would it even reached a higher value when people are eager to sell when the price reaches $1000?
hero member
Activity: 616
Merit: 500
February 07, 2016, 02:35:49 PM
#46
I don't think bitcoin will reach $100.000 within our generation.
Maybe 2 or 3 generations after us. All bitcoin needs is time to grow and for people to adapt to it.
Demand has to be larger than supply, since bitcoin is limited it will take a very long time to get to that point.

I personally don't think we'll ever see the price reach $100,000 per coin. It means we will see the price increase 27000% from the price level today. Let's see first if we can get to $1000 and after that we'll talk about $10,000 and after that we'll talk about $100,000.
You are right. We are think about $100,000 but first we need to rise back to $400 again before talking about the next thing.
newbie
Activity: 57
Merit: 0
February 07, 2016, 02:26:16 PM
#45
Let's hope we hit 10,000$ by 2020 Tongue
legendary
Activity: 1232
Merit: 1091
February 07, 2016, 02:24:58 PM
#44
I don't think bitcoin will reach $100.000 within our generation.
Maybe 2 or 3 generations after us. All bitcoin needs is time to grow and for people to adapt to it.
Demand has to be larger than supply, since bitcoin is limited it will take a very long time to get to that point.

I personally don't think we'll ever see the price reach $100,000 per coin. It means we will see the price increase 27000% from the price level today. Let's see first if we can get to $1000 and after that we'll talk about $10,000 and after that we'll talk about $100,000.
member
Activity: 110
Merit: 10
February 07, 2016, 12:58:53 PM
#43
I don't think bitcoin will reach $100.000 within our generation.
Maybe 2 or 3 generations after us. All bitcoin needs is time to grow and for people to adapt to it.
Demand has to be larger than supply, since bitcoin is limited it will take a very long time to get to that point.
hero member
Activity: 616
Merit: 500
February 07, 2016, 11:48:43 AM
#42
Even if such rise occurs even after 10 or 20 years it would be could. But I don't think this could happen. From my calculation it would reach the maximum of 5000$ not more than that. 5000$ itself is high, takes long years to reach. So no hope for 100000$
It is possible that the bitcoin price reaches $100,000 if the banks start to adopt it but I doubt that will not happen.
legendary
Activity: 3234
Merit: 1214
Vave.com - Crypto Casino
February 07, 2016, 11:16:16 AM
#41
Even if such rise occurs even after 10 or 20 years it would be could. But I don't think this could happen. From my calculation it would reach the maximum of 5000$ not more than that. 5000$ itself is high, takes long years to reach. So no hope for 100000$
sr. member
Activity: 406
Merit: 250
February 07, 2016, 10:38:07 AM
#40
well thats a good question i think somewhere in 2020 - 2025 or even later.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
January 23, 2016, 01:18:47 AM
#39
I don't think that we  could reach $100,000 even in 20 years well, we never know, If that comes in long time, most probably, I won't see that anymore, haha...and most of us will never benefit from it..  Cheesy
member
Activity: 96
Merit: 10
January 22, 2016, 11:40:42 AM
#38
LOl 100k. What happened to 1k?
2016 1k
2020 Over 3k
2025 Over 5k
2030 Over 7k

Eventually the market will stalibize so i don't expect a price over 7k

2016 1k
2018 Over 2k
2020 Over 4k
2030 Over 200k

The price will double every two years, that depends on the actual adoption of the coin.
hero member
Activity: 658
Merit: 500
December 20, 2015, 01:38:59 PM
#37
i think it is the sum that is impossible to reach before year 2020 by that time the people from various countries should have more knowledge about bitcoins what would mean that the price would have potential to grow and it could possibly reach such big prices as 100000 per bitcoin
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