What does it take for Bitcoin to go 100X? - page 7.

gentlemand

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Quote from: Pecunia non olet on May 20, 2015, 10:36:39 AM

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

If we take into account hoarded, lost, Satoshi coins, I remember reading somewhere it would take $250 billion to push the price to $80,000. That assumes that massive selling doesn't come out of the woodwork. You'd be a bit stupid not to.

It would fun and fascinating if it did happen. I ain't holding my breath though.

Coogan

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It'll take mass adoption. We need it to be adopted by many of those industries in the picture and accepted by many stores and merchants around the world. If people stopped using banks in the remittance and bitcoin became the defacto way to send money around the world then I think that would have a massive effect on the value of bitcoin.

Pecunia non olet

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What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

acquafredda

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Quote from: elux on May 20, 2015, 09:21:40 AM

Note that this only considers Bitcoin as currency.

The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".

The stuff Bitcoin does today.

No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.

No science fiction. No revolutionary or speculative 2.0 future applications.

Good old fashioned Bitcoin digital money.

I think I started looking at BTC because of this.
Isn't fascinating the potential which is behind such a technology?
As I said somewhere else is like gold better than gold.
BTC is portable (even beyond country borders), a unit of account, fungible, divisible (in some satoshi's), durable (BTC don't wear out) and one day it will be the best store of value ever.
Or, at least, I hope that.

Maybe the only thing is one can't have BTC jewelry... or can he/she? Wink

Amph

legendary

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rest assured that this isn't something that can happen overnight, but if ever bitcoin would be evaluated that much one day, it would mean that we reached a great usage rate

when you see it from those prospects it looks easy, but actually it isn't... the good news are there, the halving is coming, only the hope remain...

elux

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Quote from: LFC_Bitcoin on May 20, 2015, 09:27:41 AM

It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.

[PLACEHOLDER] Follow-up question: What does it take for today's Bitcoin price of $233 to be unjustified? (In the long term.)

huadylmate

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"All" the worlds drug and illegal arms dealers using bitcoin as their own currency.

LFC_Bitcoin

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Quote from: elux on May 20, 2015, 08:43:06 AM

Today is May 20, 2015. The price of Bitcoin is around $233 US Dollars.

Q: What does it take for Bitcoin to go 100X? (10 000% price increase)

A: It takes 1% of the most obvious target markets.

Bitcoin Price Model | http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Video | James DeAngelo - Is $100 000 Bitcoin possible?

To quote Chamath Palihapitiya: "Trillions of dollars are up for grabs. Up for grabs!"

Have a nice day!

Bitcoin at 23,000 USD, yes please.
It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.
I hope it happens, it'll make us all very wealthy but my confidence in that kind of rise is draining by the day.

elux

legendary

Activity: 1458

Merit: 1006

Note that this only considers Bitcoin as currency.

The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".

The stuff Bitcoin does today.

No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.

No science fiction. No revolutionary or speculative 2.0 future applications.

Good old fashioned Bitcoin digital money.

Paashaas

legendary

Activity: 3512

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I love playing with that price model, the potential is mind-blowing.

Best part is; when Bitcoin takes off the targets will be higher then just 1% Cool

gentlemand

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Welt Am Draht

Quote from: ?? on ??

Bitcoin becoming a world reserve currency would definitely make it worth 100 times more Wink

More like 10,000 times I would've thought.

spud21

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Probably about 100 million dollars spent on bitcoins each day.

elux

legendary

Activity: 1458

Merit: 1006

Today is May 20, 2015. The price of Bitcoin is around $233 US Dollars.

Q: What does it take for Bitcoin to go 100X? (10 000% price increase)

A: It takes 1% of the most obvious target markets.

Bitcoin Price Model | http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

Video | James DeAngelo - Is $100 000 Bitcoin possible?

To quote Chamath Palihapitiya: "Trillions of dollars are up for grabs. Up for grabs!"

Have a nice day!

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