Why Bitcoin price will reach $100 000

joshy23

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Quote from: MFahad on May 23, 2019, 10:47:52 PM

I think it will be happened, if all governments approve bitcoin in their countries, then no doubt in the few years bitcoin will be reached at $100000.
Otherwise, if we hope bitcoin will be come at this price, then we will wait for a long and long time, then may be we will see in future bitcoin has been reached. But still i have doubt on it, it is nearly impossible.

We never know what will possible to happen next, the value may reach or may not,but eventually it will happen if more investors will push it up and really make a good balance between selling and holding with more adoptions it will be interconnected to the business and government institutions.

kennen1113

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Quote from: Gaff on May 24, 2019, 08:38:03 AM

Quote from: MFahad on May 23, 2019, 10:47:52 PM

I think it will be happened, if all governments approve bitcoin in their countries, then no doubt in the few years bitcoin will be reached at $100000.
Otherwise, if we hope bitcoin will be come at this price, then we will wait for a long and long time, then may be we will see in future bitcoin has been reached. But still i have doubt on it, it is nearly impossible.

That's awesome if bitcoin will reach at a brilliant price, but it's not easy for other country's government to approve and implement bitcoin as their currency. One of the reasons why it was being neglected, was due to proper education for their countrymen. Most of them were hesitant to use this type of currency which isn't using any form of physical cash. The virtual appearance can be appreciated only when connected through internet access. $100k is really a dream for everybody, but it still remained unpredictable to what date it's going to hit the target expected price.

Indeed, governments of countries do not have too many plans to join and accept bitcoin, and if they have the approval, the value of bitcoin still doesn't have too much development when the government will not pour money into plans they cannot control. Many people will think that the government does not need help, people can still pour money into bitcoin to help the value of bitcoin rise but the number of people trusting is too low, and the government will always limit a lot of possibilities to participate when taxes and a lot of regulations will be imposed, $ 100000 is too difficult

Gaff

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Quote from: MFahad on May 23, 2019, 10:47:52 PM

I think it will be happened, if all governments approve bitcoin in their countries, then no doubt in the few years bitcoin will be reached at $100000.
Otherwise, if we hope bitcoin will be come at this price, then we will wait for a long and long time, then may be we will see in future bitcoin has been reached. But still i have doubt on it, it is nearly impossible.

That's awesome if bitcoin will reach at a brilliant price, but it's not easy for other country's government to approve and implement bitcoin as their currency. One of the reasons why it was being neglected, was due to proper education for their countrymen. Most of them were hesitant to use this type of currency which isn't using any form of physical cash. The virtual appearance can be appreciated only when connected through internet access. $100k is really a dream for everybody, but it still remained unpredictable to what date it's going to hit the target expected price.

MFahad

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I think it will be happened, if all governments approve bitcoin in their countries, then no doubt in the few years bitcoin will be reached at $100000.
Otherwise, if we hope bitcoin will be come at this price, then we will wait for a long and long time, then may be we will see in future bitcoin has been reached. But still i have doubt on it, it is nearly impossible.

fabiorem

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True, but bearmathics says we would never arrive at such number, because the Eliott wave model always predicts a massive crash due to "human nature", and everytime we are 0.5% above the moving average (since gold was discovered) the market will crash. So, according to bearmathics, we would not go above 15k at most, due to "diminishing returns", and since the last cycle gave lesser gains, then this one will not be able to give us more than 15k in a hundred years.

Ronyx

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I don't expect for one bitcoin to be at a price of 100k because the price is too high which is difficult to achieve, but at the price of 25k - 30k it is likely to be achieved.

twiifm

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People didn't know that they would make so much money when investing in stocks like TESLA or Amazon, but these companies continued to be demanded by people over time. Hence, the stock price of companies has increased steadily. Similarly, in Bitcoin, the higher the demand, the higher the price. Bitcoin's price is completely related to people's interest in cryptocurrencies.

2chase

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In general, the author expresses quite reasonable thoughts, but there is a small amendment. Anonymity is not what you can have with very large amounts in bitcoins. In recent years, a huge number of tools have been created to track transactions in the blockchain and financial intelligence, so anyone who wants to invest several million dollars in Bitokin will immediately become visible to those who monitor the Bitcoin network.

cryptjh

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Quote from: Ozero on May 06, 2019, 11:43:20 PM

I very much doubt that the price of any cryptocurrency can be about one hundred thousand dollars. Price cryptocurrency based on the ratio of supply and demand in the market. This market is not material, it largely depends on faith in technology, on good and bad news. Cryptocurrency is not unequivocally perceived by the states and therefore bad news will periodically arise. Human psychology is such that he will always doubt. Weak by faith and this technology will always be provoked by their actions to the fall in the price of cryptocurrency. Considering all this, its price will periodically fall according to the principle of dominoes and will not be able, I think, to reach 50,000 dollars. So these are only fancy pink glasses.

I think it's highly likely that bitcoins over time will reach $100.000 and even go beyond. People already now see bitcoins as a store of value, the limited supply of bitcoins vs the unlimited fiat supply makes bitcoins a store of value as the central banks keep doing new QE, the money printing from central banks and private banks are out of control. So the fiat inflations alone can push bitcoins to $100.000

Febo

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Quote from: Smart man on April 29, 2019, 05:44:55 AM

The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.

Why do you believe people would put their offshore wealth on a totally transparent ledger blockchain where when only once their identity gets linked to one of his wallet can reveal it all? Specially since there are alternatives.

ancafe

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Quote from: iqlimasyadiqa on May 19, 2019, 10:14:36 PM

it is nominal which is so high and looks like it's impossible. if the price reaches that, then the amount of the transaction fee will be so large. but everything can happen, in the digital currency world there are lots of surprises and turning all the impossible things into reality. never underestimate the power of digital currencies. we must be optimistic because bitcoin starts from an optimistic thing and everyone will not expect that bitcoin prices have reached 18,000 usd in 2017.

I guess it's very impossible if measured from the current development. even ATH from bitcoin is quite far from that price. even though the price of bitcoin has unlimited potential, I feel that there will be price stages so we can reach that price. for now, I don't think too much, and just wait for the price of bitcoin to reach $ 10k.

iqlimasyadiqa

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it is nominal which is so high and looks like it's impossible. if the price reaches that, then the amount of the transaction fee will be so large. but everything can happen, in the digital currency world there are lots of surprises and turning all the impossible things into reality. never underestimate the power of digital currencies. we must be optimistic because bitcoin starts from an optimistic thing and everyone will not expect that bitcoin prices have reached 18,000 usd in 2017.

shesheboy

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Quote from: FanEagle on May 09, 2019, 03:12:09 AM

I believe it can, but that time, bitcoin would have gradually been heading towards becoming a stable coin, there would have been little or no manipulation in the market, or probably we would also have seen some sort of regulations by the government that will make it more reliable for them to convert their fiat and store as as store of value or savings for the future.

I dont think its possible for bitcoin to become stable because bitcoins nature is already volatile and no one can change it but let say bitcoin is stable , do you think its price can grow up to 100k usd ? I guess not .manipulation wont also be removed because this is what whales are earning a profit and manipulation is also the reason on why bitcoin is growing and dumping . Same as regulations , if bitcoin is regulated its value will become stable .

Argoo

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Do you think that people will soon hide their money from offshore zones to cryptocurrency, so Bitcoin will rise in price to one hundred thousand dollars? Very interesting reasoning. There is a certain logic in this, but this is unlikely to have a significant impact on the price of Bitcoin. After all, money is not just displayed offshore in order for it to lie there as a dead weight. Much of them are coming back in the form of foreign investment.
I do not think that the price of Bitcoin in general will be able to rise to one hundred thousand dollars. People themselves will not let him rise to such heights.

FanEagle

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Quote from: traderethereum on May 07, 2019, 05:06:49 AM

We don't know either if bitcoin price can reach $100,000 and the reason behind that price.
We only know and see that the price can start climbing to a higher price and continue to increase.
If bitcoin is worth, then the price will go to go up someday, and it could break $100,000.
But if the price can reach that price, I am sure that many of us will become rich people in all country and many of us can change our life to a better life.

I believe it can, but that time, bitcoin would have gradually been heading towards becoming a stable coin, there would have been little or no manipulation in the market, or probably we would also have seen some sort of regulations by the government that will make it more reliable for them to convert their fiat and store as as store of value or savings for the future.

And also, before Bitcoin can touch that value, many merchant’s would have adopted cryptocurrency as the major means of payment for the services rendered, while workers would have been using Bitcoin wallet to store their money.

wuvdoll

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We should not try to reach for 100 thousand dollars right away, that should not even be our "dream". Bitcoin is far beyond a dream now, the days where we said "if I buy from low and then it goes to this then I would be able to buy that" and so forth, this is a real currency now and it has a very big market in the finance world. We are at a very very high market as well considering we are even close to biggest stock markets in the world and worth more than many others, there are nations with stock markets lower than us.

So, we should focus on how we can make bitcoin better, that is how we got back up, not because we spent money on buying bitcoin but we spent money on making purchase of bitcoin a smart decision, investing into companies, investing into projects, investing into adoption those are more important right now.

arpon11

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Quote from: TimeBits on April 29, 2019, 11:00:23 AM

You need to get the idea of 1 bitcoin = $100,000,000 out of your head, and treat 1 bitcoin = 1 bitcoin, that way the market will never phase you, $lave.

I did not really understand what you mean. Are you saying bitcoin will not get to $100,000 one day and we should start trading bitcoin with the major currency like dollars because bitcoin is standing on it own? I think we would only know how bitcoin and an currencies are performing by comparison and trading and not the p2p idea. Bitcoin most have value and it cannot stand alone. I love this type of wide speculation and if bitcoin get to $100,000 which I believe one day it is going to happen then We the holders are going to become very rich.

NeuroticFish

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Quote from: pooya87 on April 29, 2019, 10:13:34 PM

the problem with anonymous coins is being anonymous! which means they are always going to be associated with criminals no matter what because of that anonymity that they are offering. and that is a big negative side that may make people think twice before choosing them.
additionally they are not as safe as bitcoin. many of these anonymous coins are not even anonymous! and they always lack popularity so their future is unclear, they may not keep their price as bitcoin does let alone have any rises.

Many try hard to also associate Bitcoin with criminals. If one uses the mixers well enough he can reach almost the same result as an anonymous coin and many are afraid of this.
Still Bitcoin is "clean" and Monero is "for criminals". It's not fair and I'd say this happens only because nobody invested enough money into publicize Monero correctly.

On the other hand you're right. These coins don't have the usage test in the way Bitcoin has it, so there can be issues, from not being as anonymous as claimed to even deeper, exploitable bugs.

The Cryptovator

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Its pretty obvious that bitcoin would break $10K at the end of this year. Its seems right now bitcoin trying to break $6K zone. Noticed on Binance it was hit upto 5988 USDT. It was very closed of $6K zone. Expecting breakout within few hours but we might face a small pull back as well. So we can say that it's possible hit $10K on this year anytime. All trend is indicating for bull run, we just need breakout of $6K zone and should stable above. Stability above $6K is most important for next bull run.

traderethereum

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We don't know either if bitcoin price can reach $100,000 and the reason behind that price.
We only know and see that the price can start climbing to a higher price and continue to increase.
If bitcoin is worth, then the price will go to go up someday, and it could break $100,000.
But if the price can reach that price, I am sure that many of us will become rich people in all country and many of us can change our life to a better life.

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