Shopin CEO Eran Eyal has 'no doubt' bitcoin will cross $100,000

WhaleSlayer

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Quote from: Reatim on January 25, 2018, 04:07:07 PM

Quote from: rathaha10 on January 23, 2018, 06:32:23 PM

Nearly nobody believed when Bitcoin was new that it would reach 10k. Now today we are talking about 100k damn that is high. I think that it has the potential to reach that target. Bitcoin is so weird sometimes it can sometimes go very high in the price. I hope that it will recover soon and be back at 19k.

Yes, you can check it out the previous threads, (early 2017) and you will find that most of the predictions is around $5k-$6K range. And then boom, we almost touch $20K at the end of 2017. So I guess every prediction can really be hit as long as new investors are coming in to pour fresh blood into the ecosystem.

Quote from: menggay16 on January 24, 2018, 09:23:49 AM

It's a good news if such a prediction like that will occur, but when should I be able to do it? Hopefully, there will be no impact on transaction fees because other small players or investors will find it difficult to increase the fees along with the bitcoin's price increases.

Casuals like us has the option to use Segwit, I don't know if you familiar with it, but it has tremendously reduce the cost of transaction. I advise you to change your legacy wallet and see it for yourself. And then Lightning Network is being workout. So LN+SW will be the best solution to the ever growing tx fees and slow confirmation time.

Just as people didn't guess it one year ago, they are likely not to guess it now. Everybody talking of 100,000$ in 2018 or so, I am afraid we'll be happy if we'll be in the 10k-20k range this year...

Reatim

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Quote from: rathaha10 on January 23, 2018, 06:32:23 PM

Nearly nobody believed when Bitcoin was new that it would reach 10k. Now today we are talking about 100k damn that is high. I think that it has the potential to reach that target. Bitcoin is so weird sometimes it can sometimes go very high in the price. I hope that it will recover soon and be back at 19k.

Yes, you can check it out the previous threads, (early 2017) and you will find that most of the predictions is around $5k-$6K range. And then boom, we almost touch $20K at the end of 2017. So I guess every prediction can really be hit as long as new investors are coming in to pour fresh blood into the ecosystem.

Quote from: menggay16 on January 24, 2018, 09:23:49 AM

It's a good news if such a prediction like that will occur, but when should I be able to do it? Hopefully, there will be no impact on transaction fees because other small players or investors will find it difficult to increase the fees along with the bitcoin's price increases.

Casuals like us has the option to use Segwit, I don't know if you familiar with it, but it has tremendously reduce the cost of transaction. I advise you to change your legacy wallet and see it for yourself. And then Lightning Network is being workout. So LN+SW will be the best solution to the ever growing tx fees and slow confirmation time.

diguyo

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Considering how stagnant it's been of late, I sure hope so but I'm becoming increasingly unsure. I know it sounds a bit knee jerk, but in previous crashes it hasn't fallen as flat or lost it's dominance in the crypto space as much as it has now.

There are some major issues with it that are preventing growth - fees and speeds. The community are too attached to the 'purity' of it, and I feel as though they're holding it back and preventing it from fulfilling the original (simplest) vision of it being a new world payment method.

WhaleSlayer

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Quote from: integrap on January 23, 2018, 06:37:14 PM

Yes there is no doubt bitcoin will breal $100.000 but it cannot happen in 1 month. Of course we will see corrections and fluctuations. In the beginning of 2017 bitcoin price was under $1000 and now we see it is 10 times more. So in the beginning of 2018 it is around $10.000 and we can see $100.000 at the end of year. So it is a reasonable prediction.

You seem to ignore Bitcoin's history if you consider only last's years movement's of price. Bitcoin was 1000$ already in 2013 and then retraced back to less than 200$ before getting back to 1000$ and more... THIS YEAR.

menggay16

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It's a good news if such a prediction like that will occur, but when should I be able to do it? Hopefully, there will be no impact on transaction fees because other small players or investors will find it difficult to increase the fees along with the bitcoin's price increases.

Jenn09

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If this prediction really happen many investors will be happy and many will got rich. so before that to happen I will invest more bitcoins so do i will become rich someday. I will stick in my belief and wait this to happen but we all know that this is not easy and surely takes time.Patience is really a virtue in this kind of business.

BitHodler

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Quote from: 9jaflick on January 24, 2018, 08:55:34 AM

I sincerely think what all this people should have been more concerned about now would have been how to solve the low block confirmation speed and the high transaction fees issues. Vendors are loosing it. Alot of vendors are dumping bitcoin for Ethereum.

Take a dive into lightning network, and see for yourself how this tackles the confirmation times and higher fees. It also allows Bitcoin to process millions and millions of transactions per second.

That's a staggering number for sure, and especially because of how Bitcoin for years has been able to process only 7 transactions per second. It doesn't require anyone to be a rocket scientist to understand its potential.

Once lightning network is in place, it's not Bitcoins that are being dumped for altcoins, but vice versa. Nothing comes even close to Bitcoin in all aspects, and everyone knows that.

Apeshifter42

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Quote from: 9jaflick on January 24, 2018, 08:55:34 AM

I sincerely think what all this people should have been more concerned about now would have been how to solve the low block confirmation speed and the high transaction fees issues. Vendors are loosing it. Alot of vendors are dumping bitcoin for Ethereum.

Yeah, I also think that the problem should be fixed first before this big increase can be achieved. Because investors and Merchants as of now, instead of using BTC they tend to use other alts. Some known companies have already removed BTC as their payment option.

9jaflick

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I sincerely think what all this people should have been more concerned about now would have been how to solve the low block confirmation speed and the high transaction fees issues. Vendors are loosing it. Alot of vendors are dumping bitcoin for Ethereum.

tomahawk9

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Cats on Mars

Another bold prediction, but at least the statement is coming from someone with knowledge about cryptocurrencies and blockchain technologies, doesn't mean he's going to be right though, since anyone can throw XX number and say that it's going to cross it some time in the future.
But I don't doubt that once the problems with Bitcoin are completely fixed, and adoption finally goes mainstream, the price will skyrocket in no time.
Obviously, it's going to take years before this happens, but the 100k goal doesn't sound too far fetched when talking about the long-term.

integrap

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Yes there is no doubt bitcoin will breal $100.000 but it cannot happen in 1 month. Of course we will see corrections and fluctuations. In the beginning of 2017 bitcoin price was under $1000 and now we see it is 10 times more. So in the beginning of 2018 it is around $10.000 and we can see $100.000 at the end of year. So it is a reasonable prediction.

rathaha10

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Nearly nobody believed when Bitcoin was new that it would reach 10k. Now today we are talking about 100k damn that is high. I think that it has the potential to reach that target. Bitcoin is so weird sometimes it can sometimes go very high in the price. I hope that it will recover soon and be back at 19k.

shopinapp

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Everyone says that bitcoin is in recovery right now. It is expected to rise again. Crossing fingers Wink

GreatOrchid

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Quote from: shopinapp on January 22, 2018, 06:15:31 PM

In an interview with CNBC Shopin CEO Eran Eyal said, "the cryptocurrency can be worthwhile only when it has a business model and inherent values of the company behind it."

Yeah.. the real question is when is that really going to happen

I do not care since i am holding all my bitcoins for a long term right now, but i just want to keep buying more only that i do not have enough fiat right now Sad

But let's see how it goes, for me, it will be over $35,000 during this year.

shopinapp

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In an interview with CNBC Shopin CEO Eran Eyal said, "the cryptocurrency can be worthwhile only when it has a business model and inherent values of the company behind it."

https://i.imgur.com/UA29zHS.jpg

Source: https://twitter.com/shopinapp/status/955560828048158722

Topic: Shopin CEO Eran Eyal has 'no doubt' bitcoin will cross $100,000 (Read 208 times)