|
Title: Bitcoin: $100K in 2021? Post by: iamTom123 on August 10, 2017, 10:50:08 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: Catswold on August 10, 2017, 10:56:20 AM No one knows what exactly will happen in next 4 years but really don't think that bitcoin can hit that huge price in such a short time and even if adoption level goes higher I don't see it achieving that huge amount of $100k in next couple of years.
Title: Re: Bitcoin: $100K in 2021? Post by: BurstIncomeAsset on August 10, 2017, 12:45:04 PM Wouldn't doubt at all.
What was the price in 2012? Some dollars, then in 1 yar after the halving the price went above $1000, much above. If same pattern happens, then the price will go to 100k at least 1 year after the next halving, by the year after next halving Title: Re: Bitcoin: $100K in 2021? Post by: jerowacik on August 10, 2017, 12:53:37 PM It is a very high number. But in my opinion it is not impossible because bitcoin has a sometimes unexpected miracle. It could be a price increase occurs a few if only in a short time. the current price of bitcoin is in 3500USD rates, so we need to increase up to 30 fold price to reach 100KUSD in 2021. All look impossible but it could be true.
Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on August 10, 2017, 06:40:49 PM will be interesting if bitcoin can keep up a doubling rate of 8 months. This year it is doing a lot better than that, if bitcoin can go to $4000 at the end of the month it'll have doubled twice in the past 8 months instead of once! I am somewhat conservatively hoping for ~$40k bitcoin in 2021, but I think it definitely has the potential to hit $80-$100k in 2021.
Title: Re: Bitcoin: $100K in 2021? Post by: DaMut on August 10, 2017, 07:40:02 PM in my opinion it's a bit too early for Bitcoin to reach that level,
if it's 10 years from now on or more i am confident it will, but who knows what will happen ? let make some guess,today Bitcoin price reach $3400 level and approximately we will see around $4000~$5000 in the end of this year. after that,we will see declining in the early 2018ish and altcoin pump. at mid 2018ish another pump will happen and we will see around $5000++ level,continious and repeat. so,the best rise will happen before halving.so that mean 2020 and the price should be double from initial price. in conclusion 2021 Bitcoin price should be around $15000~$30000 (if nothing goes wrong). and by the way,i thought this topic already discussed before right ? Title: Re: Bitcoin: $100K in 2021? Post by: recklessMe on August 17, 2017, 02:12:00 PM I would be glad if this happens. But not sure that the price will reach that high. Still, I’m sure that whatever the price would be, it will be surprising. I mean, some time ago we expected Bitcoin to rise for example to $1000, than it goes $3000. Now it’s 4k. So, pretty sure that in about 5 years Bitcoin price will at least be ten times higher.
Title: Re: Bitcoin: $100K in 2021? Post by: error08 on August 17, 2017, 02:28:56 PM I really like it: Rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable time frame
Nothing for sure if we're talking about future, but at least a prediction with some theory and calculation is better than just random guess. Look at bitcoin charts, how much it has been growing in this year? Bitcoin price in the beginning of 2017 was less than $1000 and today is $4457, maybe in the end of this year bitcoin could reach $7000 because segwit will be activated in 4 days, on August 21st > 882 blocks to go https://coin.dance/blocks. And remember about next bitcoin halving on June 2020, which is another milestone. Consider bitcoin could rise more than 300%-400% per year, so it's not impossible in 2021 bitcoin may reach $100K Title: Re: Bitcoin: $100K in 2021? Post by: LFC_Bitcoin on August 17, 2017, 02:29:00 PM In my head I have approx 1 year after the next halving as my 75% sell off point. $100,000 per bitcoin would make me a very, very happy man. Fingers crossed for ridiculously high prices a few years from now.
Title: Re: Bitcoin: $100K in 2021? Post by: nethan1btc on August 17, 2017, 02:31:36 PM I would be glad if this happens. But not sure that the price will reach that high. Still, I’m sure that whatever the price would be, it will be surprising. I mean, some time ago we expected Bitcoin to rise for example to $1000, than it goes $3000. Now it’s 4k. So, pretty sure that in about 5 years Bitcoin price will at least be ten times higher. If that will be a reality in the future of 2021 I guess it's a very expensive price of bitcoin history in digital currency. But I agree that we cannot predict the price to reach higher at any certain situations which may happen every time price fluctuations may rise and fall every tick of the clock. So we must expect every situation of bitcoin price to be more surprising everyday, and yet we are here to benefit those profitable chances of long term investments as that $100K is a candidate for that value in the future. Title: Re: Bitcoin: $100K in 2021? Post by: 1Referee on August 17, 2017, 02:41:31 PM In my head I have approx 1 year after the next halving as my 75% sell off point. $100,000 per bitcoin would make me a very, very happy man. Fingers crossed for ridiculously high prices a few years from now. What's exactly the main point of your focus that you think will justify you cashing out that large of a percentage of your holdings? I personally have my focus pointed at far beyond the coming ten or so years. Sure, cashing out is part of the game if you look to benefit from various wild price swings, but that's only a viable option if you understand how this market works. Nothing guarantees the price to fall back to your targeted buy back levels. Realistically speaking, there is no way we'll be even close to the (in my point of view ridiculous) $100K price levels within the stated time period. But then again, what else can we expect in extremely bullish time periods. I wonder what will be left of these predictions at the time the price is going down again - not much I guess. ::) Title: Re: Bitcoin: $100K in 2021? Post by: freebutcaged on August 17, 2017, 02:58:40 PM The same way Bitcoin raised from $400 upto $4400 it is possible for it to rise 10 times in price since it has already done it over the past 2 years.
But there are some major players such as US and other powerful countries that might feel danger if Bitcoin keeps going up, because it will devalue Their fiat currencies greatly. at the same time they could be the ones behind the price increase in order to earn billions when price reaches high enough. I sold 4BTC when price was $3500 and now I'm crying. Bitcoin needs to scale ASAP because there are still so many issues unsolved. Title: Re: Bitcoin: $100K in 2021? Post by: oegarod on August 17, 2017, 03:51:46 PM By 2020 the next halving is expected and during the same time period a bigger adoption and price increase will be experienced. How about reaching such a big value of more than $100k, I never find any specific reason for such a increase. Maybe by that year majority of the people might be aware about bitcoin.
Title: Re: Bitcoin: $100K in 2021? Post by: AngelSky on August 17, 2017, 05:39:49 PM The same way Bitcoin raised from $400 upto $4400 it is possible for it to rise 10 times in price since it has already done it over the past 2 years. But there are some major players such as US and other powerful countries that might feel danger if Bitcoin keeps going up, because it will devalue Their fiat currencies greatly. at the same time they could be the ones behind the price increase in order to earn billions when price reaches high enough. I sold 4BTC when price was $3500 and now I'm crying. Bitcoin needs to scale ASAP because there are still so many issues unsolved. Ya Their are lot of chance for that to happen. Since many said it's not possible to reach the value of 3000$.But it was fullfil by bitcoin.Then they speak about the value of 3500$ and then 4000$.All this was achieved by the bitcoin very easily. So many peak was crossed by bitcoin. This also achieved by bitcoin. Title: Re: Bitcoin: $100K in 2021? Post by: fabiorem on August 17, 2017, 06:30:11 PM 100k in 2019.
Title: Re: Bitcoin: $100K in 2021? Post by: richardsNY on August 17, 2017, 06:45:40 PM If we were still hovering around the $1000 level, people would likely have pointed at reaching something like $10,000 by that time. While I am extremely bullish on Bitcoin, I honestly can't take such predictions seriously. Ask yourself -- how healthy is a market that gets bumped 10,000% in a matter of 4 years (taking then first of January of this year into consideration)? Sustainable growth should be something that builds itself steadily throughout the years, and not something that peaks big time because of the massive amount of concentrated speculation.
Title: Re: Bitcoin: $100K in 2021? Post by: deisik on August 17, 2017, 06:48:14 PM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken Title: Re: Bitcoin: $100K in 2021? Post by: Catmony on August 17, 2017, 06:55:53 PM 100k in 2019. It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. Title: Re: Bitcoin: $100K in 2021? Post by: Slow death on August 17, 2017, 07:05:15 PM How about reaching such a big value of more than $100k, I never find any specific reason for such a increase. Maybe by that year majority of the people might be aware about bitcoin. In the news they talk about Moore's law. Every day we have price predictions, everyone wants to become "legends", I think I should also do my prediction, ha ha ha Let's see how much do i have to say? $10.000 in 2 years? No, $25000 in 5 years is a realistic price. So this is my prediction... a pity that I'm not someone famous :'(, because at this time all news channels would be publishing my prediction Title: Re: Bitcoin: $100K in 2021? Post by: Hazir on August 17, 2017, 07:49:13 PM Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Thanks for this article, it is somewhat soothing for my nerves that professional economists believe that bitcoin will rise as high so fast.But I am still afraid that Bitcoin value gain is not simply matter of following Moore's law but basic laws of the economy as well. It is not like Bitcoin is only viewed as technological game changer, whole economic system is linked to it, any drastic changes (e.g. price spikes, rapid growth) might cause whole system to collapse or reverse. Title: Re: Bitcoin: $100K in 2021? Post by: BitHodler on August 17, 2017, 09:03:24 PM Sustainable growth should be something that builds itself steadily throughout the years, and not something that peaks big time because of the massive amount of concentrated speculation. I prefer stable growth over peaks as well, but that unfortunately doesn't count for the majority of the people here ~ they don't care how the market grows or whether or not it's sustainable.Their main priority is to book as much profit as possible, and all that in a very short time. If the price falls back to far lower levels, then they will act by buying back the coins they sold. No matter how much I love the increases that we have seen lately, if we from an unbiased perspective look at current levels, there is not much needed to see that the market is overbought. Realistic prices for what we have achieved so far would be anything close to the $3000 mark. If we didn't had an upcoming hard fork to worry about this year, current levels would be well justified. Title: Re: Bitcoin: $100K in 2021? Post by: ckorbba on August 17, 2017, 09:08:38 PM Sustainable growth should be something that builds itself steadily throughout the years, and not something that peaks big time because of the massive amount of concentrated speculation. I prefer stable growth over peaks as well, but that unfortunately doesn't count for the majority of the people here ~ they don't care how the market grows or whether or not it's sustainable.Their main priority is to book as much profit as possible, and all that in a very short time. If the price falls back to far lower levels, then they will act by buying back the coins they sold. No matter how much I love the increases that we have seen lately, if we from an unbiased perspective look at current levels, there is not much needed to see that the market is overbought. Realistic prices for what we have achieved so far would be anything close to the $3000 mark. If we didn't had an upcoming hard fork to worry about this year, current levels would be well justified. Title: Re: Bitcoin: $100K in 2021? Post by: fabiorem on August 17, 2017, 09:38:08 PM 100k in 2019. It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. That's the point. Bitcoin isn't a standard asset. Its not something you buy and sell for quick profit. It is a creed. Title: Re: Bitcoin: $100K in 2021? Post by: zoose on August 17, 2017, 09:47:43 PM 100k in 2019. It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. That's the point. Bitcoin isn't a standard asset. Its not something you buy and sell for quick profit. It is a creed. While I think Bitcoin at 100K is a possibility, I don't see it happening in in the next few years. The current jubilation will dissipate on a sharp downturn imo. We'll all see though :D Title: Re: Bitcoin: $100K in 2021? Post by: sonicwave on August 17, 2017, 10:57:41 PM 100k in 2019. It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. That's the point. Bitcoin isn't a standard asset. Its not something you buy and sell for quick profit. It is a creed. While I think Bitcoin at 100K is a possibility, I don't see it happening in in the next few years. The current jubilation will dissipate on a sharp downturn imo. We'll all see though :D Bitcoin surprises us every day. Forecasts of analysts do not come true, and contrary to logic, its price is growing. We are waiting for the fall, but we are growing. Therefore, it will not surprise me if in a year I see the price of 10 000 dollars for 1 bitcoin Title: Re: Bitcoin: $100K in 2021? Post by: exstasie on August 17, 2017, 11:20:25 PM No matter how much I love the increases that we have seen lately, if we from an unbiased perspective look at current levels, there is not much needed to see that the market is overbought. Realistic prices for what we have achieved so far would be anything close to the $3000 mark. If we didn't had an upcoming hard fork to worry about this year, current levels would be well justified. The thing about "overbought" conditions is that trending markets can stay overbought for months or years before a real reversal or long term correction occurs. From the perspective of the monthly chart, Bitcoin remained overbought for over a year between 2012 and early 2014. This is what trending markets look like. That being said, crazy volatility should be expected in this illiquid and highly speculative market. And given the fork threat you mentioned, I wouldn't be entirely surprised to see $1800s again. Title: Re: Bitcoin: $100K in 2021? Post by: Kimi80 on August 17, 2017, 11:46:44 PM There was lots of situations in my life when I have explore potential investment opportunities. I was excited about great stories but after a bit detailed search supported with live examples(people that have been there,done that...) I found out that the story is pretty exotic and is not as simple as that.
I think that there are lots of people in the world that could easily buy one bitcoin and wait for 2021. They would became richer for 96 000$ just like that and it is pretty exotic story for me. However I do believe that price will rise much more but I think that we will have to wait longer than that. Therefore I always putt some amount on my saving wallet. Title: Re: Bitcoin: $100K in 2021? Post by: marcuslong on August 17, 2017, 11:49:53 PM Maybe yes maybe no also russia forget about oil and start to cyrpto currency since bitcoin is really famous nowadays the demand of bitcoin and the volume of bitcoin is getting higher and higher we are already in the pridiction of others that we are reaching the 5000$
Title: Re: Bitcoin: $100K in 2021? Post by: snowdropfore on August 18, 2017, 04:38:38 AM i will not surprise if in four year I see the price of 100000 dollars for 1 bitcoin
Title: Re: Bitcoin: $100K in 2021? Post by: NathanJB on August 18, 2017, 04:46:57 AM That is too high a speculation for bitcoin in less than 5 years. I think it will not be reached that fast. Although I am hoping it happens so that all of us will be happy. But in my own way of looking at BTC's price 5 years from now, it won't reach 6 figures. But even 50,000$ is already perfect.
Title: Re: Bitcoin: $100K in 2021? Post by: Opekin on August 18, 2017, 05:02:08 AM That is too high a speculation for bitcoin in less than 5 years. I think it will not be reached that fast. Although I am hoping it happens so that all of us will be happy. But in my own way of looking at BTC's price 5 years from now, it won't reach 6 figures. But even 50,000$ is already perfect. No it was not too high if you observe every year theres a big difference and it declares a good value. Think how many people are using and investing in bitcoins by that year so its a big chance to reach that $100,000 or more.Title: Re: Bitcoin: $100K in 2021? Post by: exstasie on August 18, 2017, 05:49:15 AM That is too high a speculation for bitcoin in less than 5 years. With logarithmic growth and very limited supply (more than 75% of bitcoins have already been mined), it's really not unreasonable at all. But it's highly speculative. There are existential threats (such as multiple forks and network splits) which, from the the perspective of Metcalfe's Law, could significantly damage Bitcoin's network value. At the same time, I think it's pretty clear that new money will be flowing into cryptocurrencies in the coming years. I'm confident that Bitcoin will eventually be worth six figures USD, but how it gets there and how long it takes are very unpredictable. Title: Re: Bitcoin: $100K in 2021? Post by: Carlsen on August 18, 2017, 07:13:44 AM That is too high a speculation for bitcoin in less than 5 years. With logarithmic growth and very limited supply (more than 75% of bitcoins have already been mined), it's really not unreasonable at all. But it's highly speculative. There are existential threats (such as multiple forks and network splits) which, from the the perspective of Metcalfe's Law, could significantly damage Bitcoin's network value. At the same time, I think it's pretty clear that new money will be flowing into cryptocurrencies in the coming years. I'm confident that Bitcoin will eventually be worth six figures USD, but how it gets there and how long it takes are very unpredictable. I think that a lot of the new money will come from businesses who are searching for investment opportunites. Insurances and fond, especially once this whole etf thing is approved. Unfortunatelly, businesses tend to create bubbles because they have to reach certian numbers in earnings. I think as well that number of average people who enter newly to crypto world will decrease. Cryptocurrencies, I think that something for the technical interested people or those who eager to try out new things. A time will come when that groupe will already be in bitcoin/crypto. So no new growth can come from that side. How that combination will turn out, we must wait and see. Title: Re: Bitcoin: $100K in 2021? Post by: denny27 on August 18, 2017, 08:31:04 AM If seen from the price movement so far, it seems there is a possibility in the year 2021 will reach $100k. But all the estimates can be true and wrong, i can only hope that bitcoin will not fall and die, much more to hoping can last long and will giving more good blessing to everyone.
Title: Re: Bitcoin: $100K in 2021? Post by: Micerker on August 18, 2017, 08:35:33 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: arbitrage on August 18, 2017, 09:07:44 AM We are in awareness phase, and all other talks are unnecessary when you recognize what is happening, where is yours standpoint. Bitcoin and whole Crypto is still very young and still very far from real life adoption. What will happen when adoption really starts? Price will rise, nobody knows limits. 8)
Title: Re: Bitcoin: $100K in 2021? Post by: In the silence on August 18, 2017, 09:21:04 AM That is a little exaggerated although it is possible for bitcoin to climb that far. For now we will see $10000 to $15000 maximum after activation and the year ends.
Title: Re: Bitcoin: $100K in 2021? Post by: deisik on August 18, 2017, 11:07:50 AM No matter how much I love the increases that we have seen lately, if we from an unbiased perspective look at current levels, there is not much needed to see that the market is overbought. Realistic prices for what we have achieved so far would be anything close to the $3000 mark. If we didn't had an upcoming hard fork to worry about this year, current levels would be well justified. The thing about "overbought" conditions is that trending markets can stay overbought for months or years before a real reversal or long term correction occurs. From the perspective of the monthly chart, Bitcoin remained overbought for over a year between 2012 and early 2014. This is what trending markets look like We are not there yet I mean to say that while it is certainly true with respect to long-established markets such as bond or gold market (as John Keynes once said the market can remain irrational longer than you can remain solvent), Bitcoin is nowhere near that. It could be said that it stays irrational most of the time (if not perpetually), but we can't really say if it stays overbought or oversold all the time (or, at least, for long periods). It is just too volatile to remain either for any significant amount of time Title: Re: Bitcoin: $100K in 2021? Post by: farhaan on August 18, 2017, 11:16:41 AM I think that $100k is a very high price to be achieved within 2021 and the author is too optimistic to think like that.I do agree that bitcoin has potential to rise high and it should not be sold for smaller profits today,otherwise we would have to regret just like people who sold their BTCs in panic at just $1850 due to fear of hard fork.I hope that bitcoin could reach a price of $20k within 2021.
Title: Re: Bitcoin: $100K in 2021? Post by: batang_bitcoin on August 18, 2017, 12:59:50 PM Good to hear about this and I will be waiting for this day and witness this great price of bitcoin in the future and will remain and hold some of my remaining coins.
Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Too bad for me tom, I did sold some of my bitcoins before at $2k++ but I'm not tempted but there's a need to do so. Title: Re: Bitcoin: $100K in 2021? Post by: YuginKadoya on August 18, 2017, 01:35:19 PM I think that $100k is a very high price to be achieved within 2021 and the author is too optimistic to think like that.I do agree that bitcoin has potential to rise high and it should not be sold for smaller profits today,otherwise we would have to regret just like people who sold their BTCs in panic at just $1850 due to fear of hard fork.I hope that bitcoin could reach a price of $20k within 2021. Please don't make people haste in selling their bitcoin, we already had a good price value right now and if this continue we can really reach a new heights and I think we have a new safe floor right now and if this really continue we can make it to the $100k dollar mark value and we can really make it there if we can not see anymore resistance going up. Title: Re: Bitcoin: $100K in 2021? Post by: Indrawan77 on August 18, 2017, 02:17:59 PM 100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years
Title: Re: Bitcoin: $100K in 2021? Post by: selline on August 18, 2017, 03:27:07 PM 100k in 2019. It will be over optimistic speculation, bitcoin price is still under $5k and expecting 20x increase within 2-3 year time period is really insane. I think price will be anywhere between $10k to $20k by end of next few years. That's the point. Bitcoin isn't a standard asset. Its not something you buy and sell for quick profit. It is a creed. While I think Bitcoin at 100K is a possibility, I don't see it happening in in the next few years. The current jubilation will dissipate on a sharp downturn imo. We'll all see though :D If the bitcoin $100 k in 2021, it will be a tough debate going on about this because the price of the bitcoin is so extraordinary trade market so as to make the more rapidly and crowded, it would also create a serious speculation then requires a maturity in a few years. I am less sure of this and make me so crazy this Title: Re: Bitcoin: $100K in 2021? Post by: Dart18 on August 18, 2017, 03:32:29 PM Too far.
We are just at $4k and yet we are having a hard time into making it to the $5k level. Even if you sum up a 10k rise every year will not take you to that haven. Although I think there is much room for bitcoin to grow but not to the extent of imagining this kind of numbers. Title: Re: Bitcoin: $100K in 2021? Post by: iqlimasyadiqa on August 18, 2017, 03:45:39 PM 100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.Title: Re: Bitcoin: $100K in 2021? Post by: mharz on August 18, 2017, 10:20:23 PM 100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.Title: Re: Bitcoin: $100K in 2021? Post by: arbitrage on August 19, 2017, 08:45:24 AM Nothing is impossible, BTC is there as best proof. So relax and watch how high will go. I'm trader and selling from time to time to cover my expenses but now I have decided to keep large part in cold storage, when I see how BTC easily rise 500$ in one day, few years before this was "major pump" 500$ was something. In few years from now this will be 10k in one day..
Title: Re: Bitcoin: $100K in 2021? Post by: bitjoin on August 19, 2017, 08:52:39 AM 100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years When a country like japan who has made it legal get to grips with it more and more those figures are possible. People will compare it with gold market cap as a reason for it not to be able to go to 100k etc but gold has limited use in comparison and we are in the digital age now. Also because we have gone to 4k so easy and held its not much to stretch the imagination a bit further to 100k is it? Title: Re: Bitcoin: $100K in 2021? Post by: superplus on August 19, 2017, 08:54:57 AM 100k $ in 4 years is quite difficult, eventhough that bitcoin got a very good rally in this year but 100k is a big number,it need a very large support, it may be needing legality from a lot of country and bitcoin need a very huge support to reach a very high transaction volume, it is possible but the chance is low consider the time is only 4 years It needs a miracle to reach 100K $, this does look very impossible because currently the bitcoin price is at the 4K $ rate. It may take a very long time to reach the target. I'm not sure that bitcoin prices will move very fast for 4 years. Maybe a reasonable price is achieved within 4 years ie only about 15K $. Hopefully the bitcoin gets better and in line with the expectations of us all.This is my opinion Title: Re: Bitcoin: $100K in 2021? Post by: Nahl on August 19, 2017, 09:18:35 AM 2021 which mean 4 years again but we even still not reach 10% from $100k indeed cryptocurrency sometimes give unpredictable results when we thought bitcoin price will never reach even to $4000 but in the fact is the price currently already in that range but although still several years went to 2021 on my predictions the price even less than $20k so $100k looks impossible to me
Title: Re: Bitcoin: $100K in 2021? Post by: gilangIDR on August 19, 2017, 09:58:02 AM 2021 which mean 4 years again but we even still not reach 10% from $100k indeed cryptocurrency sometimes give unpredictable results when we thought bitcoin price will never reach even to $4000 but in the fact is the price currently already in that range but although still several years went to 2021 on my predictions the price even less than $20k so $100k looks impossible to me Anything could happen to bitcoin. Bitcoin sometimes makes the impossible and then makes it a reality. Such prices now seem very impossible. But it could happen later, bitcoin can move very quickly. The development of bitcoin can make the bitcoin price even more unreasonable.Title: Re: Bitcoin: $100K in 2021? Post by: M.Terzi on August 19, 2017, 10:06:57 AM Maybe.. Everythink is possible :)
Title: Re: Bitcoin: $100K in 2021? Post by: cybersofts on August 19, 2017, 10:33:25 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken Yes, it is possible for bitcoin to reach $100,000 by year 2021... Currently, there are so people following the bitcoin trend and are looking for the chance (capital) to get involve in the bitcoin, which is the latest trend for over 5 years on web. If bitcoin continues to trend like the passed five years then it is possible for bitcoin to be worth $100,000 or even more by 2021. The way bitcoin value was growing recently it is easy for it to reach that level by 2021. Title: Re: Bitcoin: $100K in 2021? Post by: Dr.Osh on August 19, 2017, 10:37:51 AM It's possible, but I do not think so either. Well, we do not know when bitcoin prices go up, and when bitcoin prices go down, we can just get ready about that. But, I guess a lot of people will get rich because of bitcoin in the future if they really save it.
Title: Re: Bitcoin: $100K in 2021? Post by: Kyraishi on August 19, 2017, 10:45:47 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Long term bitcoin is always going to go up, because of the fact that the block reward will halve every 4 years or so whilst more and more people will continue to adopt bitcoin. I just don't think that it's going to become $100k all of a sudden in 2021. That is a 25x rise from the current price level. I'm not saying that it is impossible, but rather i think that this is just someone being way too optimistic. $100k is going to be easy, when the fiat currencies around the world loses its value. Due to the fact that bitcoin has a maximum amount that can ever be generated, it will become a store of value and a hedge against inflation in the long run. Title: Re: Bitcoin: $100K in 2021? Post by: Question123 on August 19, 2017, 11:43:23 AM I dont think bitcoin will reach 100k dollars in the year of 2021 because that price is very high and before they reach that I think they need 1 decade more to reach that price. But we dont know what is the exact price of bitcoin after 4 years but I hope the price is very higj in the next few years so we can make a lot of profit in the future. More bitcoin that you have more money to get .
Title: Re: Bitcoin: $100K in 2021? Post by: liuqi on August 19, 2017, 01:43:24 PM It's possible, but I do not think so either. Well, we do not know when bitcoin prices go up, and when bitcoin prices go down, we can just get ready about that. But, I guess a lot of people will get rich because of bitcoin in the future if they really save it. Please be ready for any situation bitcoin price moves up and down. Actually that is the tendency of bitcoin as from the starting time onwards. As satoshi speculates bitcoin's price will be touch to 10000$ in 2020. I don't think this op wish would happen or not. Title: Re: Bitcoin: $100K in 2021? Post by: Basmic on August 19, 2017, 02:46:04 PM All the predictions of this level have no meaning. It's more like dreams. Why this price? Why not $ 1 million? Still there is no economic reason for this development. So the price can be any. I don't believe in long-term predictions of bitcoin prices. Even to the end of the year we don't know what will be the price.
Title: Re: Bitcoin: $100K in 2021? Post by: n0ne on August 19, 2017, 02:52:20 PM I dont think bitcoin will reach 100k dollars in the year of 2021 because that price is very high and before they reach that I think they need 1 decade more to reach that price. But we dont know what is the exact price of bitcoin after 4 years but I hope the price is very higj in the next few years so we can make a lot of profit in the future. More bitcoin that you have more money to get . The chances were low, but we cannot deny that price increase won't happen to that extent. This year the adoption has increased in a large scale. Secondly few countries have got into the legalized use of bitcoin and we have reach above $4000. If the same happens in each and every country then price reaching $100k is not a big deal. Title: Re: Bitcoin: $100K in 2021? Post by: MMysterious on August 19, 2017, 02:57:36 PM It is very possible to happen in the next 4 years and it gives us more reason to save more bitcoin and not always spend on things not really that important. Though it is too good to be true, still these are speculations so what we need to do is still save even if bitcoin will not reach that amount.
Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on August 19, 2017, 03:00:33 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year.
A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: rodel caling on August 19, 2017, 03:18:26 PM thats not possible always thinking positive, the amount value &100k for speculation that amount i think in the middle of year 2021 that amount will reach of bitcoin as you can see the bitcoin is very strong in the crypto currency, i believe bitcoin in the decentralized currency keep goes strong and the popularity continue to raise.
Title: Re: Bitcoin: $100K in 2021? Post by: ALT67890 on August 19, 2017, 05:44:25 PM The prediction is possible but for now it is too much to asked. 2021 is too long to be affected by your decisions toward buying and selling bitcoin. Be realistic only those who have much money would risk much of his earning to this. But for those who earn Bitcoin for a living in daily basis can't afford to wait that long.
Title: Re: Bitcoin: $100K in 2021? Post by: JefLiber on August 19, 2017, 06:20:17 PM At the beginning of this year, I could afford to dream that at the end of 2017 we will see the price of 2300 dollars. But bitcoin surprised me very much and its price is now much higher than many forecasts.
Therefore, I can believe that the price of bitcoin in 2021 can be very high. Title: Re: Bitcoin: $100K in 2021? Post by: Mr.Anonymous on August 19, 2017, 06:21:32 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: fabiorem on August 19, 2017, 06:44:32 PM I hope that both BTC and BCH get to 100k each unit in 2019.
Yes. Title: Re: Bitcoin: $100K in 2021? Post by: Mr.grin on August 20, 2017, 07:02:13 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: PancherBitCoin on August 20, 2017, 07:10:24 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: Denker on August 20, 2017, 07:48:17 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Well, to be more accurate, Bitcoin doubles in price every 8 months! And yes 5k is still possible this years, what would mean a 500% increase since the beginning of this year. So the word "only" doesn't really fit here.We're doing pretty good this year so far. But I get your point and understand what you mean. Furthermore I agree that mass adoption could very likely mean 6 figures for Bitcoin, with today's purchasing, so no hyperinflation or anything like that. The thing is I don't know how quick we can achieve that.Everything is still way techy imo and right now we seem to hit some critical mass of speculation, which is still very far away from a mass market. Imo we are still very early and could take at least another 5 years before seing some significant increase in terms of users, meaning 100 million or so. But when this happens, things will go extremely quick. And this is the reason why now is the time get as much Bitcoin, or bits as you can. 100k I could imagine 2022-2024, don't think it'll much earlier. But Bitcoin has to stay as the dominant coin, otherwise this all won't happen, and we won't be even close to it. Title: Re: Bitcoin: $100K in 2021? Post by: bitcoin31 on August 20, 2017, 08:03:12 AM 100,000 dollars is big amount and I think it will not happen in the year of 2021 possible price of bitcoin in the year of 2021 is 20 to 30k dollars because as of now the price of bitcoin is 4300 dollars and it takes few years before the price increase more. But we dont what exact happen to the bitcoin price if the price increase or not but I hope it will increase so we can make a lot of profit .
Title: Re: Bitcoin: $100K in 2021? Post by: severaldetails on August 20, 2017, 08:54:21 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Well, to be more accurate, Bitcoin doubles in price every 8 months! And yes 5k is still possible this years, what would mean a 500% increase since the beginning of this year. So the word "only" doesn't really fit here.We're doing pretty good this year so far. But I get your point and understand what you mean. Furthermore I agree that mass adoption could very likely mean 6 figures for Bitcoin, with today's purchasing, so no hyperinflation or anything like that. The thing is I don't know how quick we can achieve that.Everything is still way techy imo and right now we seem to hit some critical mass of speculation, which is still very far away from a mass market. Imo we are still very early and could take at least another 5 years before seing some significant increase in terms of users, meaning 100 million or so. But when this happens, things will go extremely quick. And this is the reason why now is the time get as much Bitcoin, or bits as you can. 100k I could imagine 2022-2024, don't think it'll much earlier. But Bitcoin has to stay as the dominant coin, otherwise this all won't happen, and we won't be even close to it. I think as well that bitcoin needs to be the dominant coin for that to happen. If another coin would gain a larger acceptnce than I suppose it would be that coin whos value would increase at about the same factor that bitcoin needs to reach the 100K. And even if that would happen, it does not mean bitcoin would become worthless. Maybe bitcoin would only reach 20K then. That would still be a huge increase. In any case I see a large developement in the whole cryptocurrency market coming. Title: Re: Bitcoin: $100K in 2021? Post by: YuginKadoya on August 20, 2017, 02:48:36 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. Well, to be more accurate, Bitcoin doubles in price every 8 months! And yes 5k is still possible this years, what would mean a 500% increase since the beginning of this year. So the word "only" doesn't really fit here.We're doing pretty good this year so far. But I get your point and understand what you mean. Furthermore I agree that mass adoption could very likely mean 6 figures for Bitcoin, with today's purchasing, so no hyperinflation or anything like that. The thing is I don't know how quick we can achieve that.Everything is still way techy imo and right now we seem to hit some critical mass of speculation, which is still very far away from a mass market. Imo we are still very early and could take at least another 5 years before seing some significant increase in terms of users, meaning 100 million or so. But when this happens, things will go extremely quick. And this is the reason why now is the time get as much Bitcoin, or bits as you can. 100k I could imagine 2022-2024, don't think it'll much earlier. But Bitcoin has to stay as the dominant coin, otherwise this all won't happen, and we won't be even close to it. I think as well that bitcoin needs to be the dominant coin for that to happen. If another coin would gain a larger acceptnce than I suppose it would be that coin whos value would increase at about the same factor that bitcoin needs to reach the 100K. And even if that would happen, it does not mean bitcoin would become worthless. Maybe bitcoin would only reach 20K then. That would still be a huge increase. In any case I see a large developement in the whole cryptocurrency market coming. Bitcoin is the dominant Crypto and I think even if there would be a gaining of price within another coin that would just not enough to certainly take over bitcoin, bitcoin has proven to be in top class and because of the hard fork it is proven it's worth and right now we are on a height of the gain value of bitcoin right now we can certainly see that the price is moving to $5000 mark value within this year or maybe even further ahead on that value, Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on August 20, 2017, 03:57:02 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. What do you mean from 2015 until this year? Are you trying to say it was worse growth? It would $2xx for a lot of 2015. It was $1000 Jan 1 2017. So let's say bitcoin was about $250 in 2015, that means in two years it doubled twice to $1000 by beginning of this year, which is the exact rate that I used in my post: doubling once a year. And as I said doubling once a year is being conservative for bitcoin, which was my point, even making a conservative estimate of the price still has it reaching $100k in 2022. Bitcoin has had a doubling rate of 8 months since the start of bitcoin and this year it has had a doubling rate of less than 4 months!! So if that slows all the way down to a doubling rate of 12 months for the next few years we'll still hit $100k in 2022. Title: Re: Bitcoin: $100K in 2021? Post by: stromae on August 20, 2017, 04:07:08 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. Title: Re: Bitcoin: $100K in 2021? Post by: hous26 on August 20, 2017, 04:18:02 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I agree with this but I wouldn't be all that surprised if BTC loses value by 2021 either. Its possible some governments could pass laws to impede the growth of cryptocurrencies, there could be a hack to wallets which makes people lose trust in the technology or an altcoin could surpass BTC in marketcap which could send BTC on a downward spiral. That said, I think its more likely that BTC will be worth about $50-60k in 2021. $100k wouldn't be too surprising. If adoption of the technology picks up space, and this it can do, then it could be even higher than $100k. For instance, if the SEC approves a cryptocurrency mutual fund then it could be massive. Title: Re: Bitcoin: $100K in 2021? Post by: pitham1 on August 20, 2017, 05:18:57 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Title: Re: Bitcoin: $100K in 2021? Post by: Redaxo on August 20, 2017, 08:51:01 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Excuse me Sir, I do not know what happened after the last block reward halving. Could you please tell me what happened and why it happened? Title: Re: Bitcoin: $100K in 2021? Post by: ipanks on August 20, 2017, 11:52:01 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. it could be possible as we know if supply is decrease then the demand will be increase, its economic law. and this will affect to the price, in 2021, bitcoin price will reach highest price and so the next years. i am sure we can go that price and the rally is start from now which we can see the price will break $5k first and will be around that range of price then will increase more. Title: Re: Bitcoin: $100K in 2021? Post by: shohelalam on August 21, 2017, 11:22:18 AM Bitcoin Price $100K In 2021 ?
I didn't shock when i see it. I know it's not possible in early time. It might be possible with some more time. bitcoin Price will be $100K after long time. We see bitcoin price increase $1000 to $4400 in this year. So why we don't think bitcoin price can not $100K after some year? we have to support bitcoin to maintain and continue there trend Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on August 21, 2017, 04:37:16 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. Well, first off $100k isn't 50x from the current price, its a 25x. And by the end of this year it could very well be less than 20x = ($5000 btc). And last Spring bitcoin was around $400, so it has 10x'd in like 16 months. And we're talking about what it will be in over 4 years. $100k is very doable. Certainly not guaranteed, maybe it'll only be $50k or so, but I won't be at all surprised at all if it hits $100k in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: MissionPhailed on August 21, 2017, 04:56:00 PM An astounding value in just a few years, but not impossible it seems. We're now in the situation that Bitcoin is almost too big to fail and the total market cap of crypto as a whole (including altcoins) increased with almost 1000% this year alone. The world of cryptocurrencies is now financially 'bigger' than the company McDonalds (current $128 billion market cap).
Title: Re: Bitcoin: $100K in 2021? Post by: mrcash02 on August 21, 2017, 05:14:31 PM An astounding value in just a few years, but not impossible it seems. We're now in the situation that Bitcoin is almost too big to fail and the total market cap of crypto as a whole (including altcoins) increased with almost 1000% this year alone. The world of cryptocurrencies is now financially 'bigger' than the company McDonalds (current $128 billion market cap). Very nice. I haven seen people telling Bitcoin can hit $500K in 3-5 years... I doubt about it, but the fact is that Bitcoin is growing really strong, if we take in consideration the increasement in price this year. The question is if Bitcoin has enough power to continue showing results like this every new year, if so Bitcoin can reach $100K in 2021 or even more. Title: Re: Bitcoin: $100K in 2021? Post by: ElitistCA on August 21, 2017, 05:16:40 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Title: Re: Bitcoin: $100K in 2021? Post by: jvdp on August 21, 2017, 05:49:17 PM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Ya true.From my point of view, their is no doubt for bitcoin achieved 100k $ in 2021.Who's know it will achieved before too.Why because ,many had said bitcoin will reach 4000$ at the end of 2018.But suddenly that Peak has been achieved. Now people are speaking about 5000$.That also reached with 2017 itself. I think many not forget the price rise bitcoin nearer to 4500$.I think It's 4498$.So I am dam sure that bitcoin will reach 100k $ in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: Zicadis on August 21, 2017, 05:56:35 PM We all have high expectations for bitcoin and $100k is not mathematically impossible provided we all play our part of letting others know about this digital currency and its technology to bring in demand. Just like the saying "It takes a village to raise a child" if the same concept can be applied and bitcoin being treated as a child by the bitcoin community value can grow to that much...maybe even more.
Title: Re: Bitcoin: $100K in 2021? Post by: hurain on August 22, 2017, 06:42:59 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Ya true.From my point of view, their is no doubt for bitcoin achieved 100k $ in 2021.Who's know it will achieved before too.Why because ,many had said bitcoin will reach 4000$ at the end of 2018.But suddenly that Peak has been achieved. Now people are speaking about 5000$.That also reached with 2017 itself. I think many not forget the price rise bitcoin nearer to 4500$.I think It's 4498$.So I am dam sure that bitcoin will reach 100k $ in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: Chachacoin17 on August 22, 2017, 08:48:09 AM Let's see we're over $4k now. Lets just say it doesn't go up much the whole rest of this year and we only hit $5000 this year. If as your said, in future every year Bitcoin will growth x2 old price in last year. And final it will stable in 2022, is right? But you should think again about the period growth from 2015 until to this year ;).A conservative bet for bitcoin is to double each year until it gets close to mass market, mass market will likely be 6 figures. That means $10k 2018, $20k 2019, $40k 2020, $80k 2021, >$100k 2022. So yeah it is definitely possible to see $100k in 2021. I don't find these numbers realistic, especially $100.000 number. This means 50 times multiplication with respect to now. We can see prices around $15.000, yet not much higher ones. There will be a saturation in the market. He is talking about 2021, which is 4 years away. That will involve one halving of the block reward in 2020 as well. We all know what happened after the last block reward halving. We just need one good rally for Bitcoin to rise 10x. So 100,000 definitely is not impossible. Ya true.From my point of view, their is no doubt for bitcoin achieved 100k $ in 2021.Who's know it will achieved before too.Why because ,many had said bitcoin will reach 4000$ at the end of 2018.But suddenly that Peak has been achieved. Now people are speaking about 5000$.That also reached with 2017 itself. I think many not forget the price rise bitcoin nearer to 4500$.I think It's 4498$.So I am dam sure that bitcoin will reach 100k $ in 2021. Title: Re: Bitcoin: $100K in 2021? Post by: sasaku bitbit on August 22, 2017, 02:31:34 PM I think to analyze about the price of bitcoin 4 years who come adalaht we cannot predict about this, even it is difficult to speculate on the price of the bitcoin for one day, because the current course price bitcoin decreased to $3900 from $4100, but I can only expect bitcoin will definitely cross over 100 k in 2021, although price declines were only occasional bitcoin while only.
Title: Re: Bitcoin: $100K in 2021? Post by: DrGuns4Hands on August 22, 2017, 02:39:31 PM $100k really ? imagine we're on 2017 right now soon to be 2018 and still bitcoin price hasn't raise up to $10k and yet you're thinking that bitcoin could reach that kind of value ? maybe atleast $15k on 2021. im assured that it will happen but $100k i don't think so. it will be imbalance if that's happen. bitcoin price always need to be corrected for the economy.
Title: Re: Bitcoin: $100K in 2021? Post by: aysg76 on August 22, 2017, 04:31:32 PM I'm very much clear about the idea of bitcoin getting to $100k as it has potential to acquire that landmark. But it seems quite hard for this crypto to achieve this milestone in the lap of 4 years...
Title: Re: Bitcoin: $100K in 2021? Post by: hous26 on August 22, 2017, 06:43:53 PM $100k really ? imagine we're on 2017 right now soon to be 2018 and still bitcoin price hasn't raise up to $10k and yet you're thinking that bitcoin could reach that kind of value ? maybe atleast $15k on 2021. im assured that it will happen but $100k i don't think so. it will be imbalance if that's happen. bitcoin price always need to be corrected for the economy. I'm partial to agree with you and while the past cannot be used to accurately predict the future when it comes to exchanges I did find this tidbit interesting: On August 22, 2014, the price of one Bitcoin was $115 and four years later, to today, it's around $4025. That is a 35 fold increase! If we see the same growth in the next four years that we saw in the last then the price of one Bitcoin would be $140,875.00. It's also import to consider that in the three months from August 2014 to November 2014, Bitcoin saw an over 9x fold increase, lol. One can dream but I think $40,000 is more realistic. Title: Re: Bitcoin: $100K in 2021? Post by: sms301 on August 22, 2017, 06:45:59 PM $100k really ? imagine we're on 2017 right now soon to be 2018 and still bitcoin price hasn't raise up to $10k and yet you're thinking that bitcoin could reach that kind of value ? maybe atleast $15k on 2021. im assured that it will happen but $100k i don't think so. it will be imbalance if that's happen. bitcoin price always need to be corrected for the economy. I'm partial to agree with you and while the past cannot be used to accurately predict the future when it comes to exchanges I did find this tidbit interesting: On August 22, 2014, the price of one Bitcoin was $115 and four years later, to today, it's around $4025. That is a 35 fold increase! If we see the same growth in the next four years that we saw in the last then the price of one Bitcoin would be $140,875.00. It's also import to consider that in the three months from August 2014 to November 2014, Bitcoin saw an over 9x fold increase, lol. One can dream but I think $40,000 is more realistic. Yeah.. We should start buying and keep holding it. Title: Re: Bitcoin: $100K in 2021? Post by: BlackLiSS on August 22, 2017, 06:49:22 PM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Wash everything depends on the number of investors. The more people buy, the higher the price. But so that people buy, the media should continue to tell about bitcoin. Therefore, to say exactly what the price will be, it is impossible Title: Re: Bitcoin: $100K in 2021? Post by: mrfreezeh on August 22, 2017, 07:43:16 PM $100k really ? imagine we're on 2017 right now soon to be 2018 and still bitcoin price hasn't raise up to $10k and yet you're thinking that bitcoin could reach that kind of value ? maybe atleast $15k on 2021. im assured that it will happen but $100k i don't think so. it will be imbalance if that's happen. bitcoin price always need to be corrected for the economy. Haha, if Bitcoin want break the rules normal of economy and finance on the world, this target reach in future is possible because we also see the growth of Bitcoin from 2009 until today. So, not any things can't impossible become true.Title: Re: Bitcoin: $100K in 2021? Post by: molsewid on August 22, 2017, 10:17:34 PM No one will known the exact price exact year when the price of bitcoin become that high value ever since i im depending my self to trading and investing of bitcoin and the only way i know to get more profit by it. Bitcoin already broke the walls and other speculation and prediction and if that happens on 2021 maybe bitcoin is already up to atm's
Title: Re: Bitcoin: $100K in 2021? Post by: Zuilhsa on August 23, 2017, 09:20:38 AM reaching such a big number within 4 years time is difficult, but me or you or no one can predict it because bitcoin also has the potential to grow. also halving is there in 2020 which may skyrocket the price, so its good to start holding bitcoins from now.
Title: Re: Bitcoin: $100K in 2021? Post by: rivoke on August 23, 2017, 10:22:39 AM Anything can happen but one for sure that being investor has a bigger profit rather than trader
But remember , the risk for being investor is higher than trader because who knows bitcoin will be vanish before year 2020 So the conclusion will be : you're a new millionaire on 2021 or bitcoin vanish forever , it's all depend on us, BITCOIN HOLDER !! Title: Re: Bitcoin: $100K in 2021? Post by: romero121 on August 23, 2017, 02:01:04 PM Anything can happen but one for sure that being investor has a bigger profit rather than trader The possibility to reach $100k is much, but none is sure when that happens. I personally feel this to be too early to reach such a bigger value. Also we need to think the above statement that none has the perfect information about the lasting, it might stay active for long or might vanish. It all depends on the growth and is completely risk involved. But remember , the risk for being investor is higher than trader because who knows bitcoin will be vanish before year 2020 So the conclusion will be : you're a new millionaire on 2021 or bitcoin vanish forever , it's all depend on us, BITCOIN HOLDER !! Title: Re: Bitcoin: $100K in 2021? Post by: henmark on August 31, 2017, 05:24:38 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: richmcrich on August 31, 2017, 07:31:40 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: Golftech on August 31, 2017, 07:37:07 AM That's reality if government interfere it will surely another issue that we need to tackle here as we really enjoying how bitcoin keeps rising every now and then, people will enjoy especially those new ones who only starting this venture they will got a chance to take advantage let's just hope for the best that this speculations will come to a reality and won't be stop by any means.
Title: Re: Bitcoin: $100K in 2021? Post by: hello_good_sir on August 31, 2017, 08:10:26 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. No. The deciding factor here is really none of the two things, bitcoin can survive even with government intervention/interference. There is really no way to stop p2p trading from occuring even if you are the government. All you can do is stop centralized exchanges. $100k will mean that bitcoin market cap grows 20x from right now, so it'll break 1 trillion. To achieve this, bitcoin must gain a sizeable amount of followers in the 4 years we have between now and 2021(at least 10% of world population has to adopt bitcoin). Plus, we have to see fiat inflate drastically during the 4 years, to drive bitcoin prices up. These are the two main conditions that has to be met if bitcoin has any chance of going to $100k in 2021, and they are of very low probability. $10k? Maybe. $100k is too much imo. Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on August 31, 2017, 09:07:15 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. No. The deciding factor here is really none of the two things, bitcoin can survive even with government intervention/interference. There is really no way to stop p2p trading from occuring even if you are the government. All you can do is stop centralized exchanges. $100k will mean that bitcoin market cap grows 20x from right now, so it'll break 1 trillion. To achieve this, bitcoin must gain a sizeable amount of followers in the 4 years we have between now and 2021(at least 10% of world population has to adopt bitcoin). Plus, we have to see fiat inflate drastically during the 4 years, to drive bitcoin prices up. These are the two main conditions that has to be met if bitcoin has any chance of going to $100k in 2021, and they are of very low probability. $10k? Maybe. $100k is too much imo. Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years. Facebook apparently has 2 billion users. That is a good goal for bitcoin in the next decade. So being 35%-40% of the way there in 4 years is reasonable, and therefore $100k in 4 years is a realistic possibility. Personally I think it'll probably take until 2022 (though i would not at all be surprised if it happened sooner), but who really cares about a year longer difference when talking about those kind of gains. Title: Re: Bitcoin: $100K in 2021? Post by: noormcs5 on August 31, 2017, 09:27:46 AM No it is impossible for bitcoin to reach at $100k now bitcoin is here at $4601 then you think within 4 years bitcoin might be jump to high. So just imagine is it possible? I really don't think so it will happen. But i could predict and i know within 10 year bitcoin definitely reach at $100k. So wait for 10 years to see this price of bitcoin.
Title: Re: Bitcoin: $100K in 2021? Post by: setupbounds on September 02, 2017, 08:20:35 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: deisik on September 02, 2017, 11:13:16 AM Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years If ifs and ans were pots and pans Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on September 02, 2017, 11:24:45 AM Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years If ifs and ans were pots and pans Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness Well we are talking about the future so everything is "if", unless you can see the future! My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k. And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin. Title: Re: Bitcoin: $100K in 2021? Post by: deisik on September 02, 2017, 12:21:25 PM Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years If ifs and ans were pots and pans Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness Well we are talking about the future so everything is "if", unless you can see the future! My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k. And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin How do you know that? We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes Title: Re: Bitcoin: $100K in 2021? Post by: maku on September 02, 2017, 12:49:45 PM That's reality if government interfere it will surely another issue that we need to tackle here as we really enjoying how bitcoin keeps rising every now and then, people will enjoy especially those new ones who only starting this venture they will got a chance to take advantage let's just hope for the best that this speculations will come to a reality and won't be stop by any means. Trust me, so far bitcoin is not that great of a deal for Government but they are watching it closely. Whole cryptocurrency sector is grey area for people who don't like taxation.Sooner or later government will think of something that will change that state - some kind of regulation - not only bitcoin but for every single crypto will be put in place. And then I have no idea how this new law will reflect on the price of BTC, it won't be so amazing when you will have to pay tax everytime you trade BTC. Title: Re: Bitcoin: $100K in 2021? Post by: cexylikepie on September 02, 2017, 02:31:01 PM Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years If ifs and ans were pots and pans Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness Well we are talking about the future so everything is "if", unless you can see the future! My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k. And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin How do you know that? We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes Title: Re: Bitcoin: $100K in 2021? Post by: DeathAngel on September 02, 2017, 02:34:50 PM 2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way.
Title: Re: Bitcoin: $100K in 2021? Post by: Stelfox on September 02, 2017, 03:36:56 PM $100k per BTC would mean a market cap somewhere around USD 1,65 tn which is rougly the market cap of apple, alphabet and microsoft combined. I believe that it is (technically) possible to achieve though there might be a danger by discruption through a new coin or technology.
Title: Re: Bitcoin: $100K in 2021? Post by: Redaxo on September 02, 2017, 07:46:41 PM 2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way. Could someone please explain when the last halving took place and what it's effect on the price was? And why is the price expected to rise because of a halving? Title: Re: Bitcoin: $100K in 2021? Post by: deisik on September 02, 2017, 08:21:35 PM 2021 is the next halving so for sure the price could moon by then. I'm not 100% on this but it's a real possibility that 1 coin could be 100k USD. I certainly hope so any way. Could someone please explain when the last halving took place and what it's effect on the price was? And why is the price expected to rise because of a halving? Because the mining reward gets halved That basically means that miners start to receive half as many bitcoins than before the halving for every new block they find. Which in its turn leads to market supply running dry (i.e. less bitcoins are being created and enter the market), and in the long run that contributes to prices going higher. While the reward halving is a one-off event itself, its effect begins to reveal itself some time thereafter. Most certainly, the July 2016 halving was behind the price surge that started in late September early October that year and lasted at least till prices hit the 1,200 dollar mark Title: Re: Bitcoin: $100K in 2021? Post by: thecodebear on September 03, 2017, 12:41:28 AM Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years If ifs and ans were pots and pans Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness Well we are talking about the future so everything is "if", unless you can see the future! My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k. And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin How do you know that? We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes I mean bitcoin still surged immediately after the fork. Your doom and gloom forks will destroy bitcoin didn't happen as an immediate huge bull run occurred immediately after the fork. Yeah litecoin almost reached $100. big whoop. bitcoin almost reached 50x that price! bitcoin is the crypto everyone talks about. bitcoin is what investors want to get into. bitcoin is what was made a legal currency in japan and other countries are considering it. bitcoin is what tons of news stories are being written about on a daily basis. altcoins, including litecoin, are exactly that, just altcoins. They're nice to make some money off of since they are tiny in comparison to bitcoin and so can go up at a higher percentage for a while. bitcoin is THE cryptocurrency. That is incredibly obvious. Litecoin is no different than any other altcoin - something you bet on to make some profits and then move back into the main coin that is on the track to mass market: bitcoin. Title: Re: Bitcoin: $100K in 2021? Post by: Kriptex on September 03, 2017, 12:55:31 AM No it is impossible for bitcoin to reach at $100k now bitcoin is here at $4601 then you think within 4 years bitcoin might be jump to high. So just imagine is it possible? I really don't think so it will happen. But i could predict and i know within 10 year bitcoin definitely reach at $100k. So wait for 10 years to see this price of bitcoin. I don't agree, you can create a correlation between current jumps and future's jumps. That doesn't mean we'll see thid sharp price fluctuations in the future. I could say $15,000 per bitcoin in 2021, but saying $100,000 per bitcoin is just trashy to me. Title: Re: Bitcoin: $100K in 2021? Post by: deisik on September 03, 2017, 09:58:13 AM And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin How do you know that? We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes I mean bitcoin still surged immediately after the fork. Your doom and gloom forks will destroy bitcoin didn't happen as an immediate huge bull run occurred immediately after the fork. Yeah litecoin almost reached $100. big whoop. bitcoin almost reached 50x that price! bitcoin is the crypto everyone talks about. bitcoin is what investors want to get into. bitcoin is what was made a legal currency in japan and other countries are considering it. bitcoin is what tons of news stories are being written about on a daily basis. altcoins, including litecoin, are exactly that, just altcoins. They're nice to make some money off of since they are tiny in comparison to bitcoin and so can go up at a higher percentage for a while. bitcoin is THE cryptocurrency. That is incredibly obvious. Litecoin is no different than any other altcoin - something you bet on to make some profits and then move back into the main coin that is on the track to mass market: bitcoin. Hey, you are not at an annual general meeting "Bitcoin is the crypto everyone talks about. Bitcoin is what investors want to get into", lol. Bitcoin is only as good as it serves its purpose. And its purpose right now is providing profit opportunities on account of wild speculation, and as soon as it stops doing that, people will leave it without any regrets. Yes, Bitcoin has been serving this purpose pretty well so far, but that's pretty much it. Unlike Litecoin, unlike even Ethereum, it is not useful anymore for anything other than speculation, let's remain honest here. But please don't tell me about merchants accepting Bitcoin, they are not accepting it. They are accepting fiat as before which they receive when your bitcoins are converted to it in the process Title: Re: Bitcoin: $100K in 2021? Post by: Clark05 on September 03, 2017, 10:17:55 AM I dont think bitcoin price reach 100k in the year of 2021 because that price is very big and for sure the price of bitcoin on that year is possible less than 20k dollars . Even 20k dollars is very big but everything is possible to happen in thr online world. And I hooe the price of bitcoin in the next few years will be okay and high so we can make a lot of profit. Pump bitcoin . More bitcoin more profit.
Title: Re: Bitcoin: $100K in 2021? Post by: jk_14 on September 03, 2017, 10:22:16 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken Title: Re: Bitcoin: $100K in 2021? Post by: Pleione527 on September 03, 2017, 10:49:10 AM This is quite ambitious to think but with bitcoin it is really possible since bitcoin is unpredictable chances that it will rise or suddenly crash is both possible but since bitcoin shows positive result for appreciation I think this $100k value is very possible to happen
Title: Re: Bitcoin: $100K in 2021? Post by: Vaskiy on September 03, 2017, 02:12:28 PM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken Title: Re: Bitcoin: $100K in 2021? Post by: Rahar02 on September 03, 2017, 02:41:27 PM Wouldn't doubt at all. What was the price in 2012? Some dollars, then in 1 yar after the halving the price went above $1000, much above. If same pattern happens, then the price will go to 100k at least 1 year after the next halving, by the year after next halving Indeed, many people who commit to hold bitcoin for long term will be motivated to saving more bitcoin. Spend some portions of bitcoin whenever it surges is a good thing in case you know when it comes, get profit and buy back more cheaper coins. But, for those who don't know when the right time, better stay calm and holds. Many people will doubt it, how bitcoin could reach $100K within 4 years? Only if many countries legalize bitcoin as legal payment, just like the Japan government did before. Bitcoin could rise from $980 to $5000 within 8 months, and we don't know yet: how about in the end of this year? Imagine if bitcoin could manage to grow around 300%-400% per year, then bitcoin may reach $15k-$20k in 2018, and so on. Title: Re: Bitcoin: $100K in 2021? Post by: Idrisu on September 03, 2017, 03:43:12 PM This is very achievable base on current growth we have weakness now. If bitcoin can grow on the same percentage of growth we have weakness in this year we would be able to get to $100,000 before 2021. The speculation comming from the investors and expert in speculative field is a proved that McAfee is right then. we should keep holding instead of giving in to the prophet of doom, prophesied that bitcoin is dead or bitcoin will be worthless in the near by future.
Title: Re: Bitcoin: $100K in 2021? Post by: mastadonballs on September 03, 2017, 06:29:57 PM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken Title: Re: Bitcoin: $100K in 2021? Post by: Skarner21 on September 03, 2017, 07:00:53 PM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (http://server8.kproxy.com/servlet/redirect.srv/sruj/sbgpzfbxetgmjtnz/svwx/p2/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg Bitcoin may surge high And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken And the other like amazon if it will accept bitcoin as payment bitcoin will getting more impressions and more people will be interested to use bitcoin since the price of bitcoin is not stable they will interested of using bitcoin instead of using fiat.. And hope to see more progress about bitcoin and see bitcoin will be growing more in the future.. for now as i can seen we are growing and bitcoin is getting trends not only in google search. . Title: Re: Bitcoin: $100K in 2021? Post by: tazmania on September 03, 2017, 07:15:11 PM Not possible to achieve that huge price in such a short span of time and even if demand goes higher its hard to believe that bitcoins will achieve that huge price in next couple of years and if it does then it will be an win win situation of all the users of bitcoins and can become rich even with a small amount of holding.
Title: Re: Bitcoin: $100K in 2021? Post by: supandi wiharja on September 03, 2017, 08:17:19 PM I think this very happy situation will happen, as more and more companies are already receiving payments with bitcoin and user demand is soaring, obviously this will make the bitcoin price move higher.
I think in 2021 bitcoin prices will shock the world, though not up to 100k. Regardless of the price,i believe that bitcoin will reach its peak. Title: Re: Bitcoin: $100K in 2021? Post by: Warry on September 03, 2017, 08:29:56 PM Not possible to achieve that huge price in such a short span of time and even if demand goes higher its hard to believe that bitcoins will achieve that huge price in next couple of years and if it does then it will be an win win situation of all the users of bitcoins and can become rich even with a small amount of holding. Do you know many people get rich because they keep their real estate or gold in the past? Therefore, Bitcoin also an asset can repeat history again, we are leader in this field and we can do that if hold our Bitcoin until that price reached.Title: Re: Bitcoin: $100K in 2021? Post by: Zaun on September 03, 2017, 08:55:29 PM 100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k.
100k means the cap would be higher then many countries total BBP. Title: Re: Bitcoin: $100K in 2021? Post by: marseille on September 03, 2017, 09:16:56 PM 100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k. 100k means the cap would be higher then many countries total BBP. Exactly its an unrealistic value to think of and I don't see bitcoin going that higher in coming years and many people would be satisfied even if it achieves the price of $10k in future and if it does then majority of users will start dumping their coins for sure to make huge profits. Title: Re: Bitcoin: $100K in 2021? Post by: MinMan on September 06, 2017, 11:47:08 AM Quote Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moore’s Law, one of the so-called “golden rules of digital technology.” According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moore’s law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history. Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicity’s sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill today’s investors, assuming they have the fortitude to resist the temptation to sell them. Source here (the full newsarticle). (https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/=) I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg. Title: Re: Bitcoin: $100K in 2021? Post by: Lmaooo on September 06, 2017, 06:25:44 PM Only the time will prove this prediction whether it's right or wrong. We hope to see Bitcoin value keeps growing as its going mainstream. I think the value of bitcoin will be around $50k - $60k by year 2021. 8)
Title: Re: Bitcoin: $100K in 2021? Post by: kevinn669 on September 06, 2017, 07:37:51 PM Only the time will prove this prediction whether it's right or wrong. We hope to see Bitcoin value keeps growing as its going mainstream. I think the value of bitcoin will be around $50k - $60k by year 2021. 8) This is a good forecast and he has every chance to become a reality. Bitcoin has a lot of significant events ahead of him, which can make his price very high. I believe that bitcoin can reach even 500 000 dollars in the next 5 years Title: Re: Bitcoin: $100K in 2021? Post by: Pab on September 06, 2017, 07:44:07 PM I give more bitcoin 1bln$ untill 2024,forgot to say $ will be worth less than 1 yuan cent,texas dollar will be better i guess
Title: Re: Bitcoin: $100K in 2021? Post by: Stelfox on September 07, 2017, 09:42:30 AM 100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k. 100k means the cap would be higher then many countries total BBP. Certain companies - think apple / alphabet - have a higher market cap than the BBP of some countries ... Title: Re: Bitcoin: $100K in 2021? Post by: ankylotic on September 07, 2017, 10:20:38 AM This is very achievable base on current growth we have weakness now. If bitcoin can grow on the same percentage of growth we have weakness in this year we would be able to get to $100,000 before 2021. The speculation comming from the investors and expert in speculative field is a proved that McAfee is right then. we should keep holding instead of giving in to the prophet of doom, prophesied that bitcoin is dead or bitcoin will be worthless in the near by future. yeah there very huge speculations about its amount and i don't think that it will reach to that level in such a short time. i think the price will be approximetly $15k in the near future and in 2021 it will reach upto that price but think of 100k in such a short time is i think beyond expectations.Title: Re: Bitcoin: $100K in 2021? Post by: doomloop on September 09, 2017, 03:50:00 PM I give more bitcoin 1bln$ untill 2024,forgot to say $ will be worth less than 1 yuan cent,texas dollar will be better i guess It is the time to buy bitcoin and make your future secure. It is not good to sell your bitcoin right now because the price of the bitcoin is increasing more and more the price of the bitcoin and the market value is still very high but it is increasing more and we can reach the new height of price in the coming days and couple of month. We have a time to make our future save and bright by having the chance to buy bitcoin in 2017 the price is low now so in 2021 we will be the richest people if we kept on holding our bitcoin till then.Title: Re: Bitcoin: $100K in 2021? Post by: Hoganye on September 09, 2017, 06:29:17 PM 100k Is a number which is just too high. I am sure bitcoin hold a lot of potential and in time we will see the true value, but that will be something more in the range of 10k/20k instead of 100k. 100k means the cap would be higher then many countries total BBP. Exactly its an unrealistic value to think of and I don't see bitcoin going that higher in coming years and many people would be satisfied even if it achieves the price of $10k in future and if it does then majority of users will start dumping their coins for sure to make huge profits. Title: Re: Bitcoin: $100K in 2021? Post by: HatakeKakashi on September 10, 2017, 05:06:32 AM In the year of 2021 maybe the price on that year is possible 10k or maybe 15k dollars. But 100k dollars in 2021 is not easy to reach that. And the percentage to reach that is very low and impossible to happen. But everything is possible to happen we dont know what exact price of bitcoin in the year of 2021 if the price increase or not but I hope it will increase or the price is very high so we can make a lot of profit.
Title: Re: Bitcoin: $100K in 2021? Post by: djablom1 on September 10, 2017, 12:27:35 PM I dont think it will reach $100k in 2021 that is impossible it will take decades to reach that price and also it will mean that bitcoin will be worth more than
diamond, oil and anything that is worth very much now. Title: Re: Bitcoin: $100K in 2021? Post by: ElitistCA on September 13, 2017, 05:51:41 AM In the year of 2021 maybe the price on that year is possible 10k or maybe 15k dollars. But 100k dollars in 2021 is not easy to reach that. And the percentage to reach that is very low and impossible to happen. But everything is possible to happen we dont know what exact price of bitcoin in the year of 2021 if the price increase or not but I hope it will increase or the price is very high so we can make a lot of profit. $100,000 is possible with the potential of Bitcoin, I bilieve that future can become the truth in someday. But if you want to predict exact time for Bitcoin reaches to this target, we cannot do that, it depends the demand to buy Bitcoin on the world.Title: Re: Bitcoin: $100K in 2021? Post by: arwin100 on September 13, 2017, 06:07:35 AM In the year of 2021 maybe the price on that year is possible 10k or maybe 15k dollars. But 100k dollars in 2021 is not easy to reach that. And the percentage to reach that is very low and impossible to happen. But everything is possible to happen we dont know what exact price of bitcoin in the year of 2021 if the price increase or not but I hope it will increase or the price is very high so we can make a lot of profit. $100,000 is possible with the potential of Bitcoin, I bilieve that future can become the truth in someday. But if you want to predict exact time for Bitcoin reaches to this target, we cannot do that, it depends the demand to buy Bitcoin on the world.$100,000 hmm seems fair prediction but it needs $ cap so that one will be achieved :D but for now I will discuss the current happening since the price are going to its drop days again and by looking at it seems this current happening is the baddest happening ever since it includes the issue of certain big players in the market. |