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Topic: When will BTC be worth $100,000 per BTC??? - page 3. (Read 6871 times)

legendary
Activity: 1039
Merit: 1005
November 25, 2013, 10:37:30 AM
I think this will happen by Decemver 1st Everybody mark their calanders Smiley

Since you did not specify the year I'm willing to agree with your prediction.

Onkel Paul
sr. member
Activity: 378
Merit: 250
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November 25, 2013, 10:27:28 AM
I think it will reach $10,000 next year, and possibly (if ever) $100,000 a couple of years after that.
legendary
Activity: 2268
Merit: 1278
November 25, 2013, 10:10:56 AM
History, repeat, etc. Don't think about what would be a "fair price" or "too much". Run the numbers.
hero member
Activity: 574
Merit: 500
November 25, 2013, 10:04:43 AM
I think it's not in these days.
no one can really tell (bitcoins used to be like 0.01 or even less a pop in the past) but since it already has been adopted to a degree I believe the more realistic short term goal of $1000 and long term of $10,000 but more than is just too far.
newbie
Activity: 2
Merit: 0
November 25, 2013, 03:58:25 AM
The only way it'll ever get to be that high is if the main denominations become the fractions of bitcoin rather than the whole over time, like mBTC and uBTC. Most business shares for instance never wind up being worth a ton - they split the share once it gets to be worth an inconveniently high amount.
newbie
Activity: 6
Merit: 0
November 25, 2013, 03:12:57 AM
honestly I see breaking at least the 1400 threshold if not 16-1700 by November 2014.  more and more businesses are implementing btc both online and offline and bankers will jump on soon enough because it's something that threatens their archaic model of doing business.  they can either adapt or keep crying about btc and watch their empire go down the drain.
sr. member
Activity: 448
Merit: 250
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November 25, 2013, 12:18:57 AM
Well I would like to see the next wave up in price before getting a good guess at that.  We've had a fast rise into prices over $500, I'm not sure how the price behaves from here as far as how fast it goes up or maybe stabilizes for a while.
newbie
Activity: 17
Merit: 0
November 25, 2013, 12:06:44 AM
I think this will happen by Decemver 1st Everybody mark their calanders Smiley
newbie
Activity: 4
Merit: 0
November 24, 2013, 11:51:57 PM
Who knows..  There are many variables that that could align to make that possible, known and unknown.  I think the supply side of bitcoin is fairly well understood, and I'm seeing a number of positive signs on the demand side of late, and there's lots of room for continued improvement.  There are many possible outcomes, but 100k (2.1 trillion $ market cap) is one of them.  If I get a free bet, I'm going with 1k this year, 10k in a year and a half, and 100k in 11.  
newbie
Activity: 1
Merit: 0
sr. member
Activity: 252
Merit: 250
November 24, 2013, 10:31:12 PM
I'd be willing to wager my last coin that I'll be 6 feet under the ground before BTC even remotely gets close to that figure. I suppose one can always dream right?

Well back when bitcoin was 1$ i guess some crazy guys were talking about 1000$ bitcoins. Not saying that i 'm crazy enough to dream of 1m$ but sounds nice anyway  Cool
hero member
Activity: 742
Merit: 502
Circa 2010
November 24, 2013, 09:44:51 PM
I'd be willing to wager my last coin that I'll be 6 feet under the ground before BTC even remotely gets close to that figure. I suppose one can always dream right?
sr. member
Activity: 252
Merit: 250
November 24, 2013, 09:20:23 PM
Seems like a simple calculation to me...

- Total value of all currently circulating world currency in USD = around 10T right now (M2)

- Currently 11 million bitcoins in circulation now

therefore 10 trillion /11 million = 909K per Bitcoin

...what the potential max price of BTC is today if it replaced all world currency.

And fine, that won't happen tomorrow, but remember, the rapidity of adoption of technology is usually much, much, much faster than old school goods... one need only think back to '94 an the incipient internet for an example of that.  Once we pass that critical inflection point, we'll hear that GIANT SUCKING SOUND of mass technology adoption, and we could hit that 909K per Bitcoin sooner than we think.

That figure is much higher because not all minted bitcoins are in circulation.
Not that it matters anyway since we are talking about world domination here and thats quite the longshot  Cool
full member
Activity: 193
Merit: 100
November 24, 2013, 09:08:29 PM
Seems like a simple calculation to me...

- Total value of all currently circulating world currency in USD = around 10T right now (M2)

- Currently 11 million bitcoins in circulation now

therefore 10 trillion /11 million = 909K per Bitcoin

...what the potential max price of BTC is today if it replaced all world currency.


You miss one point, current price is 800 USD, so 800 USD * 11 million = 8800 million USD.
But at all exchanges today there are no more than 100 million USD available, but 800 USD / BTC still works  Wink

So dont underestimate the potential max price of BTC
newbie
Activity: 32
Merit: 0
November 24, 2013, 08:56:11 PM
I sure hope it hits 100,000 or more..lol I just won 5 BTC on a survivor football pool (entry was free)  Grin
newbie
Activity: 59
Merit: 0
November 24, 2013, 08:48:58 PM
Seems like a simple calculation to me...

- Total value of all currently circulating world currency in USD = around 10T right now (M2)

- Currently 11 million bitcoins in circulation now

therefore 10 trillion /11 million = 909K per Bitcoin

...what the potential max price of BTC is today if it replaced all world currency.

And fine, that won't happen tomorrow, but remember, the rapidity of adoption of technology is usually much, much, much faster than old school goods... one need only think back to '94 an the incipient internet for an example of that.  Once we pass that critical inflection point, we'll hear that GIANT SUCKING SOUND of mass technology adoption, and we could hit that 909K per Bitcoin sooner than we think.
full member
Activity: 127
Merit: 100
November 24, 2013, 08:04:44 PM
I think some people already bought houses and cars already with their bitcoins Grin Next year some bitcoiners may fly to the Moon Cool

Lets say some bitcoiners may fly to the space already, for others, Bitcoin price must skyrocket to the Moon  Wink
newbie
Activity: 24
Merit: 0
November 24, 2013, 07:57:58 PM
March 30, 2017.
newbie
Activity: 16
Merit: 0
November 24, 2013, 06:23:13 PM
Never!  :-)
newbie
Activity: 16
Merit: 0
November 24, 2013, 06:22:55 PM
We might see the rise of multiple cryptocurrencies in our lifetimes that certain regions support at a greater rate than other regions. While people are pushing hard at developing machines capable of hashing more and more SHA256 per second per watt, perhaps the altcoins will see their hayday where people have been slow to the punch with bitcoin and mining and decide to focus on supporting alternative currency that they can participate in. So you may see China fully supporting bitcoin, while another country decides LItecoins (or any other altcoin) properties are most beneficial for it's economy. Cryptocurrencies are fascinating and it seems there has been a gigantic vacuum for the utility that the medium provide. $1,000/btc, no problem. $10,000/btc? Definitely. $100,000/btc? Bring it on  Cool

The total amount of dollars and dollar liabilities around the world most likely eclipses $50 trillion; I've read somewhere the total lies in the quadrillions of dollars. With this in mind, I believe the exchange rate for BTC/$ will exponentially decrease until the dollar is made completely obsolete by unproductive monetary policy and ineffective/terroristic political practices domestically and internationally by the United States Federal government.
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