Bitcoin Forum

100K a coin is not *that* high. I just look around and see the amount of money sloshing around in the real estate market (where I am) and it point to a massive amount of printing/lending/increase of supply year on year. Eg the price has risen 15% each  year in hte last two years alone and does about 7~10% every year on average. The average price per house is not far of $1 Million. The gov FIAT printing machine it turned ON.

1 million is quickly becoming....well not that much really as far as buying power goes

It's like we are in hyperinflation but no one has said so publicly yet.


I expect BTC to be 1K a coin by March 2015, 10K 13 months after that and 100K 13 months after that.

I'm long and hodling right now...in fact, I've bought more in the last 48 hours.  I believe in BTC as a useful, innovative currency--both as a store of value and a medium of exchange.  That said, I wish I could go somewhere to place an odds bet against these possible outcomes! 

To think that BTC will be worth $10,000 in April 2016 or $100K in May 2017 just doesn't strike me as feasible.  My calculations, based on M2 money supply, indicate that BTC is a bit undervalued today (which is why I bought more) and that buying power in today's dollars could end up in the $2300-2500 range.  Your mileage may vary and I'm sure reasonable people can make other calculations that would also be reasonable. 

Personally, I think the only way we'd get to $10K by April 2016 would be through massive hyperinflation of the dollar.  Given that Q1 saw negative GDP growth, I don't see how it could happen so quickly.

In order to get to $100K in May 2017, I think we'd have to undergo a massive economic collapse of unprecedented proportions.  If BTC is $100K by then, a gallon of gas will be $200 and a ticket to the movie will be $500.  My weekly grocery bill will be $20,000.

I applaud your convictions, though, for posting something so rosy when most others are in fear mode.  I just respectfully disagree with your numbers.

I could imagine the bitcoin exchange price rising due to the complexity increasing. We reached $1k before and I think we will see prices far beyond that.

I think we may see prices in the range of $1k to $10k in 2017.  Many people are still unaware of what bitcoin can mean for them - but that is slowly changing. The system also has a network effect, and so we may see $100k per coin one day but I think it will be later than 2017.

I wish so,but think that it is really difficult
10k is a possible price and a price like 40k,if everything goes really well,is possible too

Median home price of $1 million, where? It's more like $200-300k in the US, minus New York and some areas of California.

Oh yeah and I think about 2 mill a coin in like 2 years.

This is correct. The median price of a home in the US is far off a million. 100k per BTC is a very lofty prediction/expectation. I dont realistically see it. And this is coming from someone very bullish on the long term

I'm in it for a million dollar Bitcoin

You can also check http://AmIABitcoinMillionaireYet.com to know if you qualify as 'Bitcoin Millionaire' yet.

Exactly what I need

I have 0.06 btc, so if bitcoin will reach $100,000 I would have 6000$, nice!

The median price is not the same as the average (=mean) price! The median is much less sensitive to extreme cases than the average. So it is possible that the average price per house is close to $1 million (for example due to a relatively small number of houses sold for 5-10 millions) while the median price is not.

Disregarding the price of houses, inflation is increasing because of the monetary policy. So 100k per coin can become true in a few years.

ya.ya.yo!

I heard about bitcoin years ago and thought it would never be anything more than monopoly money. Just because we think $100,000 is impossible does not mean it's impossible.

Would be nice to see bitcoin value reach that highs but in my opinion it's unlikely to happen,
there's a big difference between increasing the price from 1$ to 100$ and from 1,000$ to 100,000$.

Lucky for us that your opinion is not important  ;D

Yes indeed, it's just a guessing game where everyone try to predict the unpredictable, but in my answer there's something true.

There has to indeed need to come in more money from 1000 to 10000 as from 1 to 10, but there's a loooot of money that can come in and people make all kinds of calculations with M2 money supply and all that shit but, does this unclude billion of dollars from drug dealers, hidden money in tax havens, fiat in peoples vaults at home, etc....?

Yes. The truth in your answer and the mentioned difference between those two is:

Being a speculative candidate for a global monetary revolution, and accomplish a global monetary revolution.

We need to figure out if the growth we've seen in the past continues this year and the years so come. If it does and Bitcoin gains more traction, we may indeed see 100k a coin. But it's too early to expect such a high price as of now.

Totally doable! Imagine it: 4 years ago people would have locked you away in a mental institution if you claimed that Bitcoin would go to $100. Now we are at $585! So why shouldn't it be possible to achieve 100'000 a coin! Maaan this will be some wild times!!!

I looked at some very old threads discussing whether bitcoin could possibly hit $100 a coin, and it was full of "experts" explaining why it was impossible. Maybe bitcoin will 100k a coin, but I suppose it depends a lot on events.

Well, first we need some experts explaining why it's impossible....

Something needs to happen for bitcoin to reach such an high price. We've seen the price rise to $1200 because China started adopting bitcoins, which caused an immense demand for bitcoins. This caused the price to rise. It won't just rise to $100,000 out of itself. We need something huge to happen, which I don't see happening within 5 years.

'China' was probably a few tens of thousands at the very most. I think the biggest exchange there said they had something like 10,000 unique users per day. That leaves rather a lot of room for others to get excited about it.

It seems to be unexpected big events that really push bitcoin prices one way or the other. Maybe China will ban, and then unban bitcoin again soon. That should make the price yo-yo up and down for a while.

Let's see what happens when even more people there start to buy in. As I understand it, they now have to deal in USD, right? So they may go and exchange their CNY to USD and get going?

it's possible, but i think people are expecting it to happen. as of now, it's a possibility, but it's too hard to imagine it as likely.

100K by March 2017, that is the funniest joke I've ever seen.

If as many drug deals were done with bitcoins as the media and governments claim are done we'd be up over $100k/bitcoin.

No way that would not happen. IS a sure thing.

It'll happen as fiat becomes worthless