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Topic: When will BTC be worth $100,000 per BTC??? - page 4. (Read 6871 times)

newbie
Activity: 6
Merit: 0
November 24, 2013, 05:52:00 PM
no one knows!
sr. member
Activity: 437
Merit: 255
November 24, 2013, 05:47:49 PM
and for the whole monster my prediction is 1 Satoshi for 10 US Cent when the adoption will finish
since I have no real idea (metaphysics) when this will happen I just looked into existing growing curves

I hope you're right! Can't you just follow the graph to see when 1 satoshi = 10¢?

No I cannot. Currently BTC is still in an early phase which makes it impossible to give a concrete forecast in this point.
I think for sure that his scheme will be true:
2014 - 1E4
2015/16 - 1E5

But how things develop then depends on many factors. 1 Satoshi = 10 Cent is my personal metaphysical assumption. Alternative szenarios are that Alt currencies take over parts from the market (not Ripple). Then you may choose which of the Alt currencies may be the next successful cryptocurrency.
member
Activity: 105
Merit: 10
November 24, 2013, 04:54:39 PM
What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  Lips sealed
X axis is the year, y axis is the number of hosts connected to the internet, scale is logarhithmic

And how this graph fits to estimate bitcoin price. Do you think that for some metaphysical reason, bitcoin price will follow the growth of internet hosts?  Roll Eyes

yes - that is not so metaphysical

take any curve of a new free technology that is global - all of them follow the same principles
Here is a map of the current BTC distribution:
http://getaddr.bitnodes.io/

think how fast China adopted Bitcoin and they just started
now look at the light green areas - including India
Bitcoin is an unstoppable monster eating the whole money market
who is first in will profit just from speculation
others profit from the adavantages (speed, low transaction fee, no border control, ...)

in Sep 2013 my forecast was 1000$ for March 2014 - see what we have now
Now my forecast is 10000$ for 2014

and for the whole monster my prediction is 1 Satoshi for 10 US Cent when the adoption will finish
since I have no real idea (metaphysics) when this will happen I just looked into existing growing curves
I hope you're right! Can't you just follow the graph to see when 1 satoshi = 10¢?
sr. member
Activity: 252
Merit: 250
November 24, 2013, 04:49:05 PM
Ok but price estimation doesn't work that way. I mean by copy-pasting random graphs from things that are somehow related(?) and then changing the axis labels.
Having said that, i hope you are right  Tongue
sr. member
Activity: 437
Merit: 255
November 24, 2013, 04:36:22 PM
What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  Lips sealed
X axis is the year, y axis is the number of hosts connected to the internet, scale is logarhithmic

And how this graph fits to estimate bitcoin price. Do you think that for some metaphysical reason, bitcoin price will follow the growth of internet hosts?  Roll Eyes

yes - that is not so metaphysical

take any curve of a new free technology that is global - all of them follow the same principles
Here is a map of the current BTC distribution:
http://getaddr.bitnodes.io/

think how fast China adopted Bitcoin and they just started
now look at the light green areas - including India
Bitcoin is an unstoppable monster eating the whole money market
who is first in will profit just from speculation
others profit from the adavantages (speed, low transaction fee, no border control, ...)

in Sep 2013 my forecast was 1000$ for March 2014 - see what we have now
Now my forecast is 10000$ for 2014

and for the whole monster my prediction is 1 Satoshi for 10 US Cent when the adoption will finish
since I have no real idea (metaphysics) when this will happen I just looked into existing growing curves
sr. member
Activity: 252
Merit: 250
November 24, 2013, 04:20:59 PM
What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  Lips sealed
X axis is the year, y axis is the number of hosts connected to the internet, scale is logarhithmic

And how this graph fits to estimate bitcoin price. Do you think that for some metaphysical reason, bitcoin price will follow the growth of internet hosts?  Roll Eyes
legendary
Activity: 2604
Merit: 1036
November 24, 2013, 04:08:57 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
uk1
copper member
Activity: 546
Merit: 500
November 24, 2013, 04:08:34 PM
2020
member
Activity: 105
Merit: 10
November 24, 2013, 04:06:54 PM
I hope it will be within a few years so I can pay for my education in btc!

Maybe not $100,000 but probably over $10,000 within a few years .

Next year - due to this

Other indicators and charts can be read here:
http://www.zakon.org/robert/internet/timeline/#Growth

@RebelWorm
If you wanna pay your tuition in BTC you can do it alrady: /r8mGU]http://[Suspicious link removed]/r8mGU
They don't have the education I want! Sad
And the bitcoins I have ain't worth enough yet to pay for it!
sr. member
Activity: 437
Merit: 255
November 24, 2013, 04:02:22 PM
I hope it will be within a few years so I can pay for my education in btc!

Maybe not $100,000 but probably over $10,000 within a few years .

Next year - due to this

Other indicators and charts can be read here:
http://www.zakon.org/robert/internet/timeline/#Growth

@RebelWorm
If you wanna pay your tuition in BTC you can do it alrady: http://ow.ly/r8mGU
sr. member
Activity: 429
Merit: 250
Pythagoras and Plato are my brothers.
November 24, 2013, 03:41:59 PM
I hope it will be within a few years so I can pay for my education in btc!

Maybe not $100,000 but probably over $10,000 within a few years .
full member
Activity: 195
Merit: 100
November 24, 2013, 03:35:41 PM
hope soon
member
Activity: 105
Merit: 10
November 24, 2013, 01:55:10 PM
I hope it will be within a few years so I can pay for my education in btc!
sr. member
Activity: 437
Merit: 255
November 24, 2013, 01:36:10 PM
What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  Lips sealed

ok accidently I did not use a chart with English labeling.

X axis is the year, y axis is the number of hosts connected to the internet, scale is logarhithmic

The source is Wikipedia: http://de.wikipedia.org/wiki/Chronologie_des_Internets
newbie
Activity: 4
Merit: 0
November 24, 2013, 12:52:50 PM
more developers would be needed to create physical devices and adaption ease for the average person.
100k by 2020?
newbie
Activity: 3
Merit: 0
November 24, 2013, 10:46:32 AM
whoa, wasn't looking at bitcoin for the past month and it's already at 800$. I didn't think something like this could be possible.
sr. member
Activity: 364
Merit: 253
November 24, 2013, 10:44:15 AM
Sooner than one might think?  Shocked
sr. member
Activity: 252
Merit: 250
November 24, 2013, 10:42:56 AM
In difference to my former estimations the target valuation will be 10 million USD / BTC. That means 1 Satoshi will be 10 US Cent.

The simple reason is the Internet development:

Take this curve - we are in 1985 - values from the y axis my be divided by ten. Only question the scaling of the x axis - maybe 2020 will be 2010 in the chart - who knows ...


What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  Lips sealed
hero member
Activity: 518
Merit: 500
Hodl!
November 24, 2013, 10:34:03 AM
Confused, that seems a bit out of date Undecided

Well it starts when Marty McFly brought the Delorean back with the Mr fusion on it, it had a 50TH SHA256 ASIC in it to cover the rental costs.
newbie
Activity: 10
Merit: 0
November 24, 2013, 10:26:47 AM
Confused, that seems a bit out of date Undecided
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