Bitcoin Forum

That is the only way I will become a millionaire..... screw petty gains, $1000/BTC is nothing

Probably not in this decade :P

It's only a 200x increase from here. At this point, would you really be surprised it it happened within a few years?

There are some more or less fundamental flaws with today's implementation of bitcoin. If they will not be corrected as time goes, then I would expect to see an alternative picking up the pace, leaving bitcoin behind. On the other hand, if they will be corrected, then there is no upper limit. Currently bitcoin is superior to its competitors, so it definitely has potential, but its deflationary aspects make it difficult for it to be considered a currency rather than a stock. It will not reach this price as a stock, only as a currency.

If anyone knew the answer to that, they'd be buying all the coins they could right now ;).

Personally, I don't see it ever reaching anywhere near that level. it could definitely reach the thousands, but once it gets too high, sticker shock will kick in and people will start selling what they can, and trying to buy the next big thing when it's low. Ultimately, the fact that a vast majority of people buy btc to invest and make money -- and not USE them as currency -- is what will cause it to crash. Could it be in the next year? 5 years? 10 years? 50 years? Who knows. Eventually, though, I think it will happen.

I agree with raspcoin, unless it becomes a over the counter currency it will never take off.
As of right now the biggest problem I see is that transfers and confirmations are too slow. Currently, I'm waiting 3 hours for a $100 exchange to confirm.

Could you imagine the 100 million transactions every morning just for peoples morning coffee fix. "I'm sorry sir, you can't leave until your funds clear. Yeah, estimated time....next year."

Blockchain overload. I see Bitcoins going to zero than before ever getting that high.

Finally I can post stuffe here :)

I think in a few years we´ll see 5 grands.

3 more 8 month cycles.  ;)

so 24 months?

if you're wrong you got a whole world of pain coming your way

Please don't waster the next 2 years obsessively watching bitcoins go up and down everyday.

good advice. i don't really know if or when it will happen, but i sure as hell hope it does.


if you think that is the main problem, investing in LTC may sound like a good idea. i've been thinking about doing it myself.

There are possible solutions for this, all was discussed earlier.

For your 3 hours transaction confirmation. You have to pay proper fees, then your transaction get confirmed fast

Probably never, but it would be great if it does.

it will never hit 1000 USD  :P


but to be honest: you will never hold your bitcoin when it raises slowly to 100.000 dollar. i dont think you are cool enough.

The day that BTC reaches the same popularity worldwide as USD...
~1.22 Trillion Dollars in circulation
~21 Million Bitcoins (Max) in circulation

1.22T/21M = $58,095.2380952 per bitcoin!  :D

Or if we match the popularity of gold!
~10 billion ounces of gold
~21 Million Bitcoins (Max) in circulation

10B/21M = 476.19047619 oz of gold per bitcoin...
476 oz of gold is approx. $591,857.142857 at today's prices.  Oh my.

There is much more than 1.22T dollar. I think you're just counting M0 ;)

I just used whatever statistic I saw Here (http://www.federalreserve.gov/faqs/currency_12773.htm) :P

There is like $10T in M2 and that's not even all as they stopped recording M3 which is higher still. No one knows how high though.

am sure in year 2020.

Couldn't it be used as a stock once the price becomes more stable?

It wont happen.. Face it

It is such high amount I doubt $100,000 per BTC happens anytime.

It will happen in less than 2 years. Bit coin is viewed as digitall gold and will
be traded as a security/comodity. For day by day transactions we will have
another coins, probably a faster one ltc xpm, who knows.

Whewnever the mainstream pushes it into the next bubble, perhaps even the bubble that breaks the system.  Think about it, it isn't a bubble yet, but after significant rises once it gets hyped by the mainstream and all the highly leveraged players enter the market, the profits from Bitcoins and alt-coins will get ridiculous, and as soon as their price drops the fiat system will crumble.  People always argue about whether Bitcoin is a bubble, and I say not yet.  But eventually I don't see how there won't be highly leveraged players attracted to the profits and then it would get pushed into a bubble.  We are far from that scenario, but I'm waiting for that to happen before I cash out.

100k$? Probably not going to happen... Maybe in some wild scenerio...

I for one didn't think it was going to jump from a study $300-450 to over $900 in one weekend.

There is going to be a ton of computing power that will go online in the next 90 days.  I highly suspect the next jump will be by March to around $1200 to $1500.

I don't think hashing power is correlated to the increase in price.

100k is possible in my mind because i bet most of the wall street/bankers have not jumped on yet. once the big hitters join, they could pour billions of dollars into bitcoin.

No not in this life.

Why are you so negative my friend??

Well there is a thread with a nice regression analysis somewhere. I can't find it now but it's pretty optimistic  :P
Nonetheless we are after a huge crash so talking about 100.000$ is out of context right now :p

It will happen eventually. But it depends on a LOT of factors.
I have no clue WHEN this would happen...

You need a lot of money to keep $100,000 per BTC relatively stable, keep in mind whales have over 10.000 BTCs and their work is manipulate the price for a profit.

I guess it cant happen.

If it doesn't crash pretty soon I'm scared it will takea long time to rebuild faith in the market.

SURE in 50 years time.

So if it crashes (down to what?150?) faith will be restored? Care to explain?

I don't think this will happen.

For most of the people it will be to much to buy 1 BTC. I know that you also can by 0.000001 BTC but I think there are to many complications and insecurities for BTC to raise as high as 10 K.

History shows you cant go wrong buying anytime and just holding. Panic sell (buy high, sell low) only cost you money. So why worry about crash? It just mean oppurtunity to buy cheap

Surely it won't happen in this century.

tomorrow :D ... maybe in 5 years

2016.


I am.

In that case I guess it's time to mortgage the house.

Just greed, hopefully your right...

I dont think it is even possible for $100,000 per BTC to happen in 2016, if ever

Look a few years back. Tenfold increase or more every year. 1k next year, maybe even this year. Then 10k, 100k. It's unbelievable but the numbers are so very, very simple. Barring some kind of disaster, this is how it will be.

By your logic Google should be trading for 8g unobtainium/share by now.
 That isn't how a market works.

I think we'll "see" $5000 inside 2 months... won't stick though... it will "crash" to about 1,500 and stay around there until next superbubble somewhere around August.

And after 20 years 1 BTC worth more than there are money in the whole world? Cman, exponencial growth cannot last forever

Required watching for understanding the bitcoin price development: http://www.youtube.com/watch?v=qHUPPYzzZrI

The universe is big, what's the total amount of Gold, Rhodium, Palladium and Platinum? We gotta work it out that so when Aliens turn up, they owe us. ;)

I would say either in this decade or never. The digital world is changing in a ultrarapid pace; if the underlying idea is good, mainstream adoption should not take more than 10 years.

Makes sence, but 4 years passed since Bitcoin start and big merchants still dont use Bitcoin...

Oh wow, a whole 4 years....

Subway!

It really just depends on how widespread they become. If i'm able to purchase books and art and videogames with BTC, then I imagine the price will become quite high. The entire concept of treating BTC as a speculative instrument is baffling to me, because it is entirely against the concept of Bitcoins.

Personally, I'm trying to build up some bitcoins so I can get into LTC early. I think that's going to be what really has value fifteen to twenty years from now, based on the inherent useability edge LTC has over BTC.

Don't try to be cute and focus on Bitcoin.

Nice vid man

You can already spend your BTC at many places, here is list
https://en.bitcoin.it/wiki/Trade

a snow ball starts small and slow ... then gathers speed and size and momentum ... then gains are massive

just saying

I'm just beginning to grasp the enormity of what this could become. It's mind-boggling and that's not the weed talking! (Well, maybe a little bit...  :D)

by xmas.

You have to start somewhere, it will never be worth it if you decide to sell, it will be worth a million when you can get someone to agree with you

probably not gonna happen. but anything is possible

the more people use , maybe 5 years....

It's good to see people talking again about 100.000$ although i think the community is still shocked from the price dip of the last 2 days.

reaching $100k could ultimately be more a function of a decline in value of dollar than a rise in the value of a bitcoin! maybe not take too long

It would be great if price of 1 BTC would rise to 100,000$ someday. Now is a good time to buy some BTCs.

I guess, never.
Bitcoin has price because someone is willing to pay for it. Right now, because its price is going up, and Bitcoin is in short supply, people are willing to pay much money for it. And the ever-increasing demand for Bitcoin will keep driving the price up until people don't want to buy or hold it anymore. Would some one like to buy BTC for $100,000? Just to get $100,100 lately?

At that point, by the way, unless Bitcoin has become widely accepted as a legal means of exchange (as "money"), the price of BTC will collapse someday.

or, you know, other cryptocurrencies will pop up.. not to take over BTC though.

This is the plan and has to happen before Bitcoin can reach $100,000 per BTC

This. There already are cryptos that are far more convient for day to day trade. You also don´t use gold for buying food and paying bills, right? That said Btc could very well reach 100k by 2017, if current rate of growth holds. It would only take fraction of worlds wealth.

Bitcoin is about demand and supply.
Who is ready to pay even $10,000 for it? Do YOU have this $10,000 to pay for it?
How many ordinady people will pay $10,000 for 1BTC instead of spending it to food, house, cars and so on? Not so much, right?
What will be done to the idea of BTC if only reach guys are able to buy it?
I hope BTC is not about getting wealth doing nothing.

They can spend $100 for 0.001 BTC surely :)

I have news for you. You don't have to buy 1 BTC. You can buy 0.1 or 0.24324 or 0.00067851 etc

04:04 PM on 12 March 2036.

You must be the most bullish polar bear I ever saw  ;D

Or the most drunk ever. I love you. Will you take care for my children for me, please? I can promise you cozy life in country side. In mansion, servants, doggie. All that stuff and more. Just say yes this one time. I will take care of everything else for us.

Or the most drunk one ever.........

In March 2017.

You can also divide the bitcoin.. And maybe they will use an alternate crypto like Litecoin or any for smaller transactions (food,drinks,...)

Although i like Litecoin to live as an alternative currency it's not in any way complementary to the bitcoin ecosystem.

This is when mBTC and satoshi's come into play.

No one can really afford to buy or use a full BTC in today's market.

If it keeps rising like it is now, it should be to that in 30-40 years. But like all markets, they crash. So don't expect it to get that high

I was going to say never but after seeing what happen to the price in few weeks time I am saying... 3 years :)

Yes I still can afford buying 1 BTC :P

But later on it will be extremly unlikely as there are 12 million BTC in circulation right now and when adoption grows, not everyone can have full BTC at any time

Do you know what's depressing? I was trading hundreds of BTCs for fun years ago...
Now I read about BTCs again... and the only thing i can think of is  WTF! WTF! WTF! :/

The prise rockets abnormal highs last days. But it's good because a lot of newspapers started write about bitcoin. Every day more and more people are getting familiar with it.

Doesn't that risk a bubble as more hype goes into it?

if btc reaches these level, government will hunt btc users down and tax them

I don't view it as a bubble. Demand is outpacing supply at the moment. It's not a stock, it's a currency. It's "value" compared to fiat isn't determined by trade imbalances and balance sheets, the determination of it's value is driven by demand. An overall movement from many countries moving into bitcoin as either a hedge or speculation.

There are many variables at play and it's still very, very early...

Also, when it DOES reach $100,000, that's gonna say WAY more about the value of the US dollar than it does about the value of bitcoin. ;)

Do the math again. If it keeps rising like that it will be in 100k in less than 2 years.  :P :P

Sure, always pay your taxes afer you sell BTC  ;)
It must be done today as well.

just a warning... extrapolating is dangerous as f*ck.
I wouldn't use the value history of bitcoin a measure for it's future value. There are just way too many external factors.

The answer to that is still no. The only variables are supply and demand. The supply is well known. The demand is rising. Price goes up because it has to.

Look up the blackboard vids on youtube. Should give a clearer understanding.

Nope, you cant predict when and how many bitcoins will be sold tommorow. Thats why the crashes, dumping a lot of coins at once

Tomorrow doesn't matter. Nor the next month, really. The important part is the trend over time. And it's not going up less now than it did in the previous several years. I'm confused as to why you bolded the part you did but no matter.

i own 10 btc by now. and i hope i can buy an apartment or house some day. yes i am a dreamer :)

how much did you invest and when did you buy those bitcoins, how big was the price then?

i think the price of 1 BTC in 6 months time will be around 1500usd +/- but will be a mission to mine as the difficulty will be huge!

Maybe 2040.. Or it wont, because bitCoin will be raplaced by USDollar cyrtocurrency..

i invested 1000$ to buy them some months ago.

Would there be any maximum for BTC? Didn't think so, but it can't be to infinity :P

The future of the Bitcoin is uncertain, so it's hard to tell. It will take time for the world to embrace and trust the Bitcoin (assuming the Bitcoin won't be replaced by another peer-to-peer digital currency, like Litecoins), but if it happens than Bitcoin can reach that value. Of course I can't see in the future but my guess would be that it would happen in the year 2038. Lets say 17 May 2038...

It wont be worth 100,000 per BTC. More likely, US will intervene so it wont happen.

I foresee a big government take over in a few years, they will realize how much tax potential there is in bitcoins and will want a piece...

Maybe up to 1k, but not 100k.
Maybe after all of the bitcoins are mined.
So not in this decade.

Could be 5 years, could be 20. Could be never. Bitcoin could go to $0.  :-X

I really doubt this will happen my friend, maybe not even in this century. Unless the American dollar goes down the drain.

You underestimate how much some ideas are worth when going mainstream, like facebook or google.

I want to buy Microsoft with my btc too..... :)

people need to understand, the biggest supporters of the 100,000 dollar bitcoin are those who are early adopters of bitcoin. They want to hype it up, because the more people who buy in at high prices the more they make. Use your common sense, what human would value a set of numbers at tens of thousands of dollars, versus physical goods?

This type of thinking is completely contrary to the purpose of bitcoin. It should be used as currency, not as  a volatile speculative, asset/stock investment. The current growth rates aren't sustainable, just simply not. Imagine you don't own any bitcoins, and you want to start using them. Are you going to spend all your money on btc or some other crypto that is cheaper and more suitable to what you intend to use.

BTC is going to be a reserve currency that other currency will be measured in, it's missing the mark as pr an actual transactional currency. It would be just as easy for a vendor to accept ltc, xpm, ppc, etc as btc. Just as cc machines accept visa, mastercard, discover, amex, etc. Any technology or publicity gained by BTC, will also be gained for alternative currencies. There are also many cases in history where the forerunner has been outdone by a competing alternative. I like to use oreo's as an example, because they were the knock off cookie at the time they began.

Although you can buy .000001 bitcoins, that doesn't mean people like to trade in that type of number. People are much more willing to trade in 10,000 or 100,000 $ bills (as in countries like Indonesia, Vietnam, etc) then in .000001 whatever. There are so many currencies in the world coexisting, there is no reason to believe why crypto will not do the same.

You need to understand that it remains to be determined if BTC is actually the facebook or google, and not actually the myspace, or aol. Being the first isn't synonymous with being the best. Even if it were, their respective exponential growth rates happened for a limited time only, and today they are growing at much smaller rates. More sustainable rates, I might add. And a sustainable rate is much better for the future of anything then an exponential one. Keeping in mind that things can exponentially decrease as well. This tremendous period of growth for BTC is normal as critical mass takes place, however, it cannot be expected to maintain. The volatility is a turn off to new adopters, and new adopters are what the future of this currency depends on for its success.

I doubt it will be this expensive anytime in the coming years,even positive people suggest things like 2000-3000 dollars but getting 100,000 dollars for each BTC seems too far.

The problem with these dreams of bitcoin being at $100,000 per BTC is that the early adopters will always cash in a much lower prices in order to buy real assets: a house, a new car, a new jet, etc... After all, money is needed to buy things.

Those currencies are national currencies and there are political reasons on top of economical ones for their coexistance. In the cryptoworld for an alt coin to rise against bitcoin or even to coexist along side with bitcoin it must bring something new to the table. And no lowering confirmation times isn't that type of new.

Just keep in mind that 2 years ago the price was 1$. Imagine what people would think of someone that was saying back then that the price will rise to 1000$.  :o  :-[ :-X :'(
And for the price to move from 1000$ to 100.000$ is much easier and more probable than a rise from 1$ to 1000$

Bitcoin needs to be heavily exchanged in the product and services market in order for it to be sustainable.

As I see it the market will keep growing, making it more stable. In the next year or so the current price will keep rising because of speculation, with many intermediate corrections.

I don't think it will hit $100k, unless the dollar goes bust. And in that case the big bucks will probably flee to gold and silver.

Gold and silver are not as secure as bitcoin. For the simple reason that physical assets can be seized, while bitcoin can not. Serious Money have people to take care of the technical details for this kind of stuff, all they need is the big picture.

I can see 15-20k usd per coin, 100k looks very optimistic

Who knows though?

Yeah, in the next century.

I also think that the use of wallets need to be more user-friendly. People get problems with the updates on the wallet(no more data anymore after update) or don't know how to backup properly and its also not well explained.. For regular people this can be an issue not to start with Bitcoins what needs to get fixed soon..

this time next year btc will be 100,000 i hope  :P

By step 2016 as the exp chart say

Definately wallets needs to improve even aesthetically. The guys behind armory btw got a large funding some time ago so we should expect something better soon.

Friends and family discount here, $199,999.95 for two

When it raised to 1E5 USB / BTC there will not be need anymore to change Bitcoin into anything else.

Ya, you can go out, eat, ask "Have you got change for a bitcoin?" and when they don't, promise to pay them next week when you break it. ;)

2016. If it continues to follow the current trend.

In difference to my former estimations the target valuation will be 10 million USD / BTC. That means 1 Satoshi will be 10 US Cent.

The simple reason is the Internet development:

http://upload.wikimedia.org/wikipedia/commons/7/7b/Internet01.png

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

Confused, that seems a bit out of date :-\

Well it starts when Marty McFly brought the Delorean back with the Mr fusion on it, it had a 50TH SHA256 ASIC in it to cover the rental costs.

What are the the two axis even represent in this graph? And how that graph fits to estimate the future value of bitcoin  :-X

Sooner than one might think?  :o

whoa, wasn't looking at bitcoin for the past month and it's already at 800$. I didn't think something like this could be possible.

more developers would be needed to create physical devices and adaption ease for the average person.
100k by 2020?

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

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

The source is Wikipedia: http://de.wikipedia.org/wiki/Chronologie_des_Internets (http://de.wikipedia.org/wiki/Chronologie_des_Internets)

I hope it will be within a few years so I can pay for my education in btc!

hope soon

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

Next year - due to this (https://bitcointalk.org/index.php?topic=341131.msg3696577#msg3696577)

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

@RebelWorm
If you wanna pay your tuition in BTC you can do it alrady: http://ow.ly/r8mGU (http://ow.ly/r8mGU)

They don't have the education I want! :(
And the bitcoins I have ain't worth enough yet to pay for it!

2020

I think some people already bought houses and cars already with their bitcoins ;D Next year some bitcoiners may fly to the Moon 8)

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

yes - that is not so metaphysical

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

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

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

and for the whole monster my prediction is 1 Satoshi for 10 US Cent when the adoption will finish
since I have no real idea (metaphysics) when this will happen I just looked into existing growing curves

Ok but price estimation doesn't work that way. I mean by copy-pasting random graphs from things that are somehow related(?) and then changing the axis labels.
Having said that, i hope you are right  :P

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

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

But how things develop then depends on many factors. 1 Satoshi = 10 Cent is my personal metaphysical assumption. Alternative szenarios are that Alt currencies take over parts from the market (not Ripple). Then you may choose which of the Alt currencies may be the next successful cryptocurrency.

no one knows!

We might see the rise of multiple cryptocurrencies in our lifetimes that certain regions support at a greater rate than other regions. While people are pushing hard at developing machines capable of hashing more and more SHA256 per second per watt, perhaps the altcoins will see their hayday where people have been slow to the punch with bitcoin and mining and decide to focus on supporting alternative currency that they can participate in. So you may see China fully supporting bitcoin, while another country decides LItecoins (or any other altcoin) properties are most beneficial for it's economy. Cryptocurrencies are fascinating and it seems there has been a gigantic vacuum for the utility that the medium provide. $1,000/btc, no problem. $10,000/btc? Definitely. $100,000/btc? Bring it on  8)

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

Never!  :-)

March 30, 2017.

Lets say some bitcoiners may fly to the space already, for others, Bitcoin price must skyrocket to the Moon  ;)

Seems like a simple calculation to me...

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

- Currently 11 million bitcoins in circulation now

therefore 10 trillion /11 million = 909K per Bitcoin

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

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

I sure hope it hits 100,000 or more..lol I just won 5 BTC on a survivor football pool (entry was free)  ;D

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

So dont underestimate the potential max price of BTC

That figure is much higher because not all minted bitcoins are in circulation.
Not that it matters anyway since we are talking about world domination here and thats quite the longshot  8)

I'd be willing to wager my last coin that I'll be 6 feet under the ground before BTC even remotely gets close to that figure. I suppose one can always dream right?

Well back when bitcoin was 1$ i guess some crazy guys were talking about 1000$ bitcoins. Not saying that i 'm crazy enough to dream of 1m$ but sounds nice anyway  8)

Who knows..  There are many variables that that could align to make that possible, known and unknown.  I think the supply side of bitcoin is fairly well understood, and I'm seeing a number of positive signs on the demand side of late, and there's lots of room for continued improvement.  There are many possible outcomes, but 100k (2.1 trillion $ market cap) is one of them.  If I get a free bet, I'm going with 1k this year, 10k in a year and a half, and 100k in 11.  

I think this will happen by Decemver 1st Everybody mark their calanders :)

Well I would like to see the next wave up in price before getting a good guess at that.  We've had a fast rise into prices over $500, I'm not sure how the price behaves from here as far as how fast it goes up or maybe stabilizes for a while.

honestly I see breaking at least the 1400 threshold if not 16-1700 by November 2014.  more and more businesses are implementing btc both online and offline and bankers will jump on soon enough because it's something that threatens their archaic model of doing business.  they can either adapt or keep crying about btc and watch their empire go down the drain.

The only way it'll ever get to be that high is if the main denominations become the fractions of bitcoin rather than the whole over time, like mBTC and uBTC. Most business shares for instance never wind up being worth a ton - they split the share once it gets to be worth an inconveniently high amount.

I think it's not in these days.
no one can really tell (bitcoins used to be like 0.01 or even less a pop in the past) but since it already has been adopted to a degree I believe the more realistic short term goal of $1000 and long term of $10,000 but more than is just too far.

History, repeat, etc. Don't think about what would be a "fair price" or "too much". Run the numbers.

I think it will reach $10,000 next year, and possibly (if ever) $100,000 a couple of years after that.

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

Onkel Paul

maybe in 5-10 years when the limit reaches.

That depends on how soon the dollar goes kaput. I'd say that will happen within the next two decades. It's important to note that Bitcoin will get its strongest increase in value thanks to the drop in value of the dollar.

The Dollar has been kaput since 1933 (and arguably it's inception). You mean when the ponzi will fall? This can take A LOT longer then you're forecasting. If it happens relatively fast it's quite probable that the invention of cryptocurrencies by S. Nakamoto is the trigger.

Using BTC is the death knell of all financial institutions around the world because the protocol records all transactions and transactions are relatively easy to trace. Once you've been identified and assigned a wallet address, every transaction you conduct is traceable; tax evasion becomes a thing of the past... we will see how things unfold. SocialistFascist nations like the United States WILL utilize this important facet of bitcoin to control people even more; atleast those that wish to participate in 'normal' society. But the benefit of bitcoin is governments cannot manipulate the value of bitcoin as easily as it can manipulate the value of fiat.

Nope, dollar is fine and can be used everywhere. Just dont hold any, always spend all dollars you got

So it's added value is .....? What, acceptance only? Then that's hardly an optimal situation is it? ;)

The economies of the world would have to tank before that happens.. we might not have access to he internet if that happens due to collapsing global economies.

Doomsday prepper huh

Complete nonsense.

When we reach 100.000, USD is not important anymore and we don't care about the usd/BTC price.

And how the shops can set the BTC prices for goods when usd/BTC price will be unknown if noone trade BTC for dollars?

Co-sign with the post above. Maybe you personally don't care about btc/usd like you don't care about usd/eur in your everyday life but these rates will influence the prive of everything unless bitcoin will become the last valuta in the world. It never will.

based on BTC history, it takes 2 years to turn $2 of value into $800 of value, that's 400x increment in 2 years
so turning $800 into $100,000 only need 125x increment should only takes less than 8 months.
get prepare everybody, we all going to be millionaires  ;D

maybe BTC will hit this, but i guess you wont hold your coins until BTC rises to 100k USD  ::)

I guess that BTC will never reach that price.
more likely 10000 dollar.
But who knows.

Pretty sure it will hit $100,000 one day. As to when it will hit it, depend on the adoption rate. Also, peoples will need to start using it as a currency rather than keeping it in the hope of getting rich.

That is my thought !  ;)

So that means we'll never be rich? :(



Also why the f*** do people in these forums use decimals instead of commas to represent number segments?? wtf is 100.000?

100.000 = 100!!!

100,000 = 100000!!!!

Europe uses periods instead of commas.

Because not everyone here lives in the United States.  ::)

What? You're saying the world doesn't end at the borders of the US? Get out of here!

i read about that paypal was going to use BTC ass legit money paying so it could jump high but not to 100k. maybe 2-3k and to be stable.

this is only a assumption, if some government use BTC ass means of paying then it will go much higher that 100k. 

100.00 = 100
100.000 = 100,000

at least that was my assumption  ::)

And what is the point of being a millionaire if you can't even buy a load of bread with 1 million (pick your denomination).


The better question is when can I buy a house or car on a regular basis with BTC.  When it is widely accepted, your paltry 0.1 BTC will be more highly valued.

Everyone is talking about 2013-USD, 2013-EURO and 2013-YEN. When we're talking about $1M we mean the purchasing power of $1M TODAY.

People, please stop using that retarded argument. Thank you :)

Numbers have to be used in context, I saw something like
1,500,375,50
as well, meaning
1 500 375.50


So always use your brain

You're expecting a 100K USD or Euro or Yen valuation of BTC in 2013?  I apologize for my retardyness...

Never.

keep on dreaming

No, I'm not. This thread is about when the valuation of a single Bitcoin will be $1M in 2013-USD, or in other words when the buying power of a single Bitcoin will match the buying power of 1M USD TODAY. Future inflation (and therefore reduction in value) of USD is not a factor in this prediction.

I didn't mean to insult you (hence the smiley at the end) but the argument you make keeps coming back and I got a little sick of it ;)

 :)

It will crash before it ever gets this high. All it takes is one glitch or intrusion in the system to crash everything bringing it down. Yes that may be a long time from now, but it is bound to happen at some point.

With all the hedge funds that are now hoarding bitcoin and getting ready to open in 2014 new type of investment for wealthy people which now don't even have an education on bitcoin. i sustain my opinion that this will happen in 1 year max

Oh my bad.... I sometimes forget there are other people in this world who think they matter  ::)



Um, if you can't buy some bread you are not a "millionaire"... you know exactly what I mean. You can have 1 million rupees but you're not what we in America call a millionaire, which pretty much means you are rich. No need to be a smartass

100,000 may happen in 2020. Who knows, it may never happen. Strap in

Yet you seem to answer to everyone that pays even the slightest attention to what you say.  ::)

What does someone do to get lots of Bitcoins in this situation ? Simply sell something for Bitcoins that is exclusive and very expensive - e.g. a spaceflight.

And what does it means for the price of Bitcoins - it will rise very fast. Maybe sometime we'll be able to buy a spaceflight for 1 BTC.

When USD and EURO crash.

Sadly Virgin Galactic sells the bitcoins for fiat as soon as they get them. They just give you the option to pay with bitcoins.

If it reached that amount then my 0.1 BTC is already something :)

Looking for 10K by the end of 2014.  I'm about 85% sure.

100K?  I'm thinking maybe before 2017.  But it's still too far out to tell with any certainty.

Keep in mind, I'm probably wrong.