Bitcoin Forum

Well, what do you all think? Has Bitcoin still a chance of hitting $100,000? If so, when will it happen? :)

That's usually the question when we're nearing top, not bottom  ;D

At this rate, YES

Another 1200 bagholder sweatin' bullets. Popping up left and right in threads..

So, was that a yes or no?  What do you think the top is TeeBone?

I'm not a 1200 bagholder actually ;D

When people will have understood its fundamentals, when they'll be ready to take their finance into their own hands and when they'll have understood that the economy should not be based on the whims of a short-term sighted government.
Also, Bitcoin will need to have proven itself as a legit investment that is not at the mercy of incompetent exchanges and way too powerful manipulators. The huge recent investments on its infrastructure and a few months should take care of that part.

When all theses conditions are met, a Bitcoin will be at $100,000 :)

Yes 100k, cumulative value for all coins   :'(
Sorry I had to

Forget $100,000... will never happen. Real question is, how long until bitcoin is trading under $10 again? It's completely hopeless.

It might take 4-5 months until we reach that. But if Wall Street should enter we might climb back to the double digit range. IF!

Well, 2016 the reward will halve to 12.5 (mining)
Coins would be more scarce.  If its still popular it might i guess

$100,000 and more. Eventually (5-10 years hence), there will be no dollar price, as dollars/bretton woods fiats will no longer be viable money.

Real "top" question is, at what price do we hit that point? I would suspect the answer to be sometime after the total liquid monetary base of dollars is matched by the bitcoin monetary base in dollars. $100,000 price in 2017 would mean ~$16 trillion monetary base for bitcoin. Seems like a big mountain to climb, but I suspect that black markets and organised crime will get pushed into cryptocurrency more and more as time goes on.

1 million well in the future may not mean much. So I expect BTC to reach that.

+1
100 dollars today was not what it was 50 years ago.  As prices go high, who knows what might happen

In order for the price of BTC to rocket into new levels I think that it needs some kind of governmental backing, or rather none of this IRS BS that makes everything such a headache for folk. I guess if you're hodling then it isn't too much of an issue?

so are you all buying more now?

Yes.  :)  As much as I can afford to.

I'm personally trying to take advantage of arbitrage opportunities between different currency markets. So right now I'm trying to increase my fiat holdings with the aim of cashing out my investment while making some coin to hold moving forward.

Will probably all go tits up and I'll lose money haha.

are you "hodler" or "to-da-mooner!" ?  ;D

the more people are waiting for high price to come the less chances we are gonna get there. we need new people moving in with fresh capital. only then we have chance. to stimulate that all we need is another financial cock up and off we go. we need fear and uncertency in fiat realm for people to buy btc without any hesitation. though the wit up open minded persons that are upto date and follow trends in technology already researched bitcoin mostly, some invested a little. we might need a little bump for them to trigger off. i believe we are at least two pumps/busts away from society finally accepting it.

http://static.guim.co.uk/sys-images/Travel/Pix/pictures/2011/11/10/1320938045618/gambling-las-vegas-008.jpg

all in

most of us are more like:

http://www.kino-teatr.ru/acter/photo/9/7/779/pv_62869.jpg