Bitcoin Forum

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

It's not possible to get lost bitcoins because to recover a private key, you might require more than 100 years and with this time, a new form of currency will be discovered and your coins and effort will go vain.

I heard if anyone do Cocaine then they sometimes come up with this kind of speculations 🤪

How quantum computing is going to rock your world
https://www.afr.com/technology/how-quantum-computing-is-going-to-rock-your-world-20190719-p528pz

10 European startups cooling down the crazy world of quantum computing
https://www.eu-startups.com/2019/07/10-european-startups-cooling-down-the-crazy-world-of-quantum-computing/



Lots of developments. They all don't think that it will work?

I heard that the IRS is going to enforce a parallel blockchain that takes 5% of all transactions. This is in lieu of charging a profit tax. They believe that the price of Bitcoin will continue to escalate.

Yes, after solving 'shalecoin' https://bitcointalk.org/index.php?topic=5134441.0 the price can go > 1,000,000 $

Wow, thanks for that thoughtful breakdown with absolutely no evidence whatsoever.

Nobody cares what your ridiculous brain thinks. If Bitcoin goes below $100 that would indicate it is near death.

It's not going to go anywhere near that low and then suddenly jump to $1 million. Quantum computers cannot crack SHA256 cryptography yet, and likely wont anytime soon.

I don't think this thing can happen. All of us believe in the future of Bitcoin and have a lot of investors are waiting to buy bitcoin with a lower price, this thing will be the strong supporting wall for the price of bitcoin.

How can those lost coins be active?

Some of that lost coins are sent to the null, or maybe void, as they call it and will never be used again. Most of that are lost, lost Bitcoin and lost wallet, lost private key also and can't be accessed until now. I don't think this will ever happen unless they create that lost BTCs, that is impossible though.

There's actually a proper paper (https://arxiv.org/pdf/1710.10377.pdf) out there that details quantum computing threats to Bitcoin, and details ways on how to circumvent them.

For a tldr, ASICs generate more hashpower than quantum computers are estimated to be able to, and there are several quantum-proof signature schemes (available now) that Bitcoin could adapt.

This means that the threat of quantum computing could be solved by a hard fork anytime. Hard forks should only be executed when absolutely necessary though, and we're several years away from that.

lamport signatures just require a soft fork AFAIK. the problem is transactions are ginormous.

transitioning to quantum proof signatures doesn't solve the problem of vulnerable coins the OP is talking about. for example, the satoshi coins---most of which are apparently held on p2pk outputs where the public key is exposed. or [lost] coins that remain in addresses which have signed transactions before. these could constitute millions of bitcoins which would still be vulnerable on a post-quantum fork.

Hahahahahahaaha ...I think I might strongly agree with you on this.... How can you think that Bitcoin will go below $100 ?  I think he doesn't really understand how the entire bitcoin ecosystem operates. He is just saying anything he feels like saying.

Wow, I always assumed it would protect past addresses, but now that I think about it, no fork can really change those. So I looked into the issue and it seems the community doesn't have a solution for this yet? That is a pretty concerning issue.

yup, it's a classic bitcoin political drama waiting to happen. theymos once suggested destroying lost coins after a certain deadline (https://www.reddit.com/r/Bitcoin/comments/4isxjr/petition_to_protect_satoshis_coins/d30we6f/) to prevent their theft, and there was a lot of backlash.

it's an interesting conundrum: if we do nothing, previously lost coins will significantly inflate the supply. if we burn long term unmoved coins, we are engaging in theft/censorship.

This is a very strange topic. I think the original poster should of worded it differently.

What he meant to say is that Quantum Computing advanced too fast to the point where it could solve public keys. Meaning if they are present with a public key, they can compute the private key for that.

If this actually happened and it was leaked then BTC would probably crash under $100. Because the security of Bitcoin would be broken.

However even if there was a hard-fork with a quantum resistant code then who knows if BTC still could be rescued, it might of never recovered the crash.

Either way, this won't happen, at least anytime soon.

sorry to disappoint you but if you missed the chance to buy bitcoin many years ago when it was $100, you have missed that chance for good. if you missed the chance to buy bitcoin below $8k in this year's dip then you have missed that chance for good too. price will not go down specially that low unless bitcoin were dead. in other words if price fell to $100 ten it would also fell to zero and die. there won't be any recovery so don't be greedy ;)


stop inventing words :D

I am not sure what technology you are talking about but my opinion is if the prices of bitcoin falls below $100 from the current price then it will be the end of bitcoin era for sure.

I've thought about it before; if some early adopters could get back access to their lost wallets. The price would definitely sink, if they took the coins out of the chain. But I doubt any of this would happen. I lost some coins over 5 years ago, and I know I'm never getting them back.

It's more like hallucinations as a result of it. It's 99% impossible, and he may just be thinking about the 1% possibility. Just maybe may-be lol

;D

Hardcore.

Well, his speculations are also hardcore so I bet it just deserve that kind of comment.  ;D

Too much. Way too much.
Do not go way that far, for we have already been there and there is a little percentage for that to happen again. When I say little, you can equal it to saying it is impossible by now.
100, and 1M is just not the number we should be looking for but at least near what it is showing by now.

Not only Cocaine but with having some mix of Solvent. ;D

Dont know where he do get these ideas. Just come to think that reaching a few cents to 20k ATH do takes years to be done and we arent even
breaking even since. Dumping to $100 then shoot to 1M? Oh common.

for someone who uses the username "longtermbitcoin" it looks like you are living inside of your very own imaginary world that is the opposite of the real world the rest of us live in!

this is not just for bitcoin, but for literary anything else. the price of nothing can fall down 99% and the recover. not just have a small rise afterwards but have a ridiculously gigantic rise of 999,900%.
this can happen in a shitcoin market with the volume of less than $100 and such coins don't last more than a month or so. but you can't even see this happen to bitcoin even in your dreams. that simply is not how the real world works.

I don't know what kind of drugs did OP take but with this kind of speculation, it is beyond our imagination.
I want a proof of that lost coin will become active and the price will go 1M, like really? For real? ;D

How on earth this will happen? Bitcoin falling back to $1000 is almost now impossible and it is more in good condition now than before as many governments have started having an interest in it. For those thinking that something bad is going to happen and bitcoin will get down to $100! I completely disagree with you and I expect "forward ever and backward never".

Did you read the OP?

I don't know anything about the likelihood or timing, but it's not inconceivable if quantum computers are really able to crack Bitcoin private keys. Just imagine if the Satoshi coins (possibly millions?) are stolen that way. The market couldn't handle hundreds of thousands or millions of coins being dumped at once. In the wrong hands, those coins could easily dump spot exchanges down into the double digits.

There no rules anymore before why could predict some price drops and changes but now even with halving everything is now unpredictable in any way.

So the protocol is no longer secure or decentralised.   This also causes far greater supply over a short period of time, these two things might explain the $100 target.    I dont see why a compromised protocol is then a reason for the 1mil price target.    Are we then saying the Dollar swap rate is bullish because dollar is more greatly compromised then Bitcoin.
     The biggest point BTC has in its favour always, now and forever will be the unique point of decentralised confirmation and security, if it doesnt have that its about as different as paypal is.   

It's the same like those people who says XRP will have higher price than bitcoins LOL

99,991,387,607 XRP in total suppley means 99,991,387,607 * $10,480 (considering bitcoins current price). Does anyone have any idea about the total wealth that was calculated in the world economy? 🤪

What have you been smoking?

one thing for sure : bitcoin won't be costing 100$ again
another thing , drugs are bad , mkay  ;D
both figures are rather improbable , the 1 mil one is not impossible , at least in the long run
quantum computers problems will be dealt with when there is one working quantum computer
so far it is only speculation and waporware  ,including the one "operational in China"
if such a computer exists , bitcoin's cryptography resistance will be the least of the worries - the country that possesses such computing power will simply rule the world

What an utterly pointless post.  ::)

Pointless indeed cause bitcoin never go below $550 before the previous halving if I could remember correctly and I wonder where on earth someone can boldly make a prediction of bitcoin going below $100 to the extent of creating a thread for not even when the number of bitcoin users is increased than previous years.

You have quantum computers and quantum computers that use entanglement. For cracking you need the latter. The ones currently being built are the first kind to my knowledge. But it is not my expertise.

And Bitcoin can adapt it's encryption. IOTA already used post quantum encryption.
Also most secure wallets use new addresses after each transaction. This protects the public key and makes cracking much much harder.

So in short it won't be a threat soon.

This is impossble because once you lost acccess tl your coins e.g private keys or recovery seed you coins is going forever and no way to get them back without private keys

Lol! @OP I assume you have made enough research to come to this unbelievable conclusion, or whomever is the original source of this information has done some research, well in any case, i only required a time frame when this will be happening so i can get some cash ready, that will be a lifetime opportunity to be a btc whale ;)
Warming up to buy some cheap btc ;D ;D

OP is trolling all of you. Haha.

Mods lock this topic.

What was the amount of lost coins at the least conservative estimate again? Let us say 20% of current supply? So that is 3.6 mill coins. Let's just be kind and round it up to 4 mill.

Drop that in the market across let us say 10 exchanges and you have 400k dumped for orderwalls. That might crash things, but not for long.

Bring it on, though. Would love $100 btc!!!

Problem is too many people would love it and it'll never reach that low while people are demanding and buying it on the way down.   

$100 BTC is possible, I've traded it at that price but the landscape at that point in history for Bitcoin and just the world generally was substantially different to now.   Nothing is impossible, water can run uphill but we have to consider the factors for a tide change that would bring about $100 BTC and nothing the OP mentioned would cause that.
    The first most important requirement is hard currency standards, again I can remember when plain cash across many nations was commonly giving rates of return of about 10% just by visiting any bank and placing a simple deposit.   At this point banks required your capital to operate and loan, profit from the business of transmitting value in an economy.    The current system has funding via central banks with fixed rates via QE
  
 The modern economy and monetary base we have drifted into has the loosest monetary standards that have existed in hundreds of years perhaps.   The worlds largest central bank just cut rates from its great high point of 2.5% (https://i.imgur.com/WyrVd0l.jpg)    If thats the peak of the cycle for interest rates in western economies, no further proof is needed that loose money and inflation is unlikely to let many prices fall.

Whenever Bitcoin started to look good we always began to hear this type of story. It is sad that we the enthusiasts are the one creating this type of fear in people to sell their holding. Thank you @Buwaytress for this type of view you have and let them bring such bitcoin into the market and strongly believe in a day people are going to buy everything off and the market will get over $10,000 again. In 2012 we hear this type of fud, in 2017 we hear the same thing and now they have started again! It is good to be patient with the market if you are new about how people create this type of topics for fud.

while it is possible , technically , to go back to the 100$ mark for bitcoin , it is highly unlikely
this would mean either a complete collapse of the coin i.e. some critical flaw discovered
or a new shiny super coin emerge that dethrones bitcoin and make the majority of  all other alts obsolete
either way it would signal the end of bitcoin as the "gold" of cryptocurrencies and pretty much ends its presence on the market
I agree with your statements about central banks , but inflation can only lead to the price increase since the amount of printed coloured paper they call money increases
in a geometrical progression and there is not enough resources to sell for it , therefore the money have no substance behind it and the prices rise inevitably

We are not stranger to this kind of wild speculation on the price of Bitcoin...I am just wondering why it should be $100 when in fact we can just put ZERO in there? Now, for that to happen, maybe it can take the end of the world kind of catastrophe to hit on a global scale where all economies are decimated and millions of people just died and can be dying. In other words, when it is the end of the human race and all the living things in this planet maybe that can also be the end of Bitcoin.

I do not believe that the price of the BTC will go down, because nowadays we are going to cashless society.

casheless society doesn't mean that it will be cryptocurrencies that oust fiat money
there are many bottlenecks preventing crypto to take over fiat and banking transactions
one of them - slow transactions and low tx/second figures , simply cannot compete with VISA  with its tens of thousands per second
also casheless society is not necessarily a good thing , imagine being turned off with a switch of a button and unable to buy anything if you are not on the system
its a fully controlled electronic working camp in the best traditions of antiutopias , so careful what you wish for

There is no formula that can predict what the value of bitcoin will be now or in future, shale coinsformula or not, cryptocurrency market is purely a speculative market for  now, and to say that bitcoin will ever go low to $100 again, it is impossible, and psychologically, it will not lead to any increase. Even if the value tries to create fomo, the fact that it has created that fear in people that it could go so low at any time will make people to quickly pull investment out once there is an increase to the level where they invested.

The only time I see bitcoin reach up to 1 million is may be when there is no longer BC to mine again, then everyone believe that bitcoin price will start increasing and become that expensive which may click at 1 million dollars.

BIP

Can you analyze how huge shock it will be to see bitcoin below 100$? It won't only destroy bitcoin but overall crypto economy, there is no way bitcoin can fall below 100$ and even if that happens, there is no way it can risebup to 1 million because from 100$ to that schedule, it needs massive daily rise, that means everyone who will invest must gain huge profit, that means worldwide money almost double or triple or more and that's not possible in overall, that scenario will never happen, it's not 2016 year.

Its a slippery slope more then just a cliff, USA is now large enough to be part of OPEC.   Its a major force on multiple fronts and now including oil, well done and good work by those in oil production.    So there is definite backing to the dollar index, but if we measure production against consumption and the excess debt and continual production of new dollars your conclusion is right.   The currency is weaker from excessive debt, a fiscal budget that never returns a surplus to repay that debt and similarly the trade balance.

The only smart thing on BTC price and somehow I fail to do this fairly consistently;  is to buy more near the bottom of a range and sell more at the top of the range.   At present I have us more towards the top, when it was in the 9500 area I think a long with some stop loss was probably better value vs risk then now.

Funny enough it may not destroy bitcoin, there are so many circumstances that I have seen with this my eyes, that I expect to even crash bitcoin value when they happened, but rather, bitcoin reacted the other opposite to it, so many fud news, and one was even recent tweet from trump and I thought it would really make bitcoin back to $6000, but instead of making the price to crash, it even pulled it back up a little bit.

I am sure if bitcoin returns back to $100, it will simply just return us back to the beginning where people had the opportunity to make a very huge investment because of the price of bitcoin then, this is exactly what will also happen in this scenario also. If bitcoin are crash to that value, do you know how many coins that I will be willing o hold then, and this fomo buy is what will make the price jump back high.

You seem to be forgetting that alts follows btc trend, if by any chance btc manage to fall below $1000 and investors panic and sell even alts won't be left out, this will definitely affect the very existence of alts and most likely many will disappear, nobody will put their money in a crumbling market whether btc or alts.

This topic is purely for entertainment and troll purposes and makes no sense at all lets get that out of the way. There is %0 chance bitcoin becoming under 100 dollar ever again in history, at least not when we are alive, maybe in 200 years someone will come up with something better but today and for the next 50 years its not gonna change for sure. A million dollars is quite possible and will be done eventually, not today not soon but who knows what will happen in 30 years so maybe in 2050 we will have one bitcoin worth one million dollars that is still possible.

However, the notion that bitcoin will retrack back a bit and than go up is still valid, of course not as much as under 100 dollars and than above 1 million but something along the lines of under 8k than above 20k still is quite on the table for reality.

Never ever ever going to happen for any reasonable length of time.

Outside of outlier events such as market crashes, where Bitcoin might hit $100 for a microsecond, I can't imagine any scenario that Bitcoin could sustain a price anywhere near $100.

The lower the price goes towards $1,000 the more people see the opportunity.

However I do think sub $2,000 Bitcoin is possible in the event of a Tether crash.

the op isnt trolling because he writes the sentence in a serious manner and this board is about speculation so anyone can give thier own thoughts if what will happen to btc and other cryptos  .

you believe that bitcoin can reach 1million usd but you dont believe that bitcoin can drop as low as 100 usd ?  lol  . anything can happen in this space  . if people want to dump bitcoin they can dump bitcoin but they can also up bitcoin if they want to  .

This is the craziest prediction I have ever read in Bitcointalk. Do you really believe that Bitcoin is going to crash to $100 per coin? I don't think that it is possible for Bitcoin to lose more than 99% of its value. Forget about $100 per coin, I don't think that we'll ever again go below $10,000 per coin. The last opportunity to purchase BTC below $10K was a few weeks back, and you are not going to get that opportunity ever again.

The only thing that can make the value of bitcoin drop that low is when virtually all investors in the market has sold their coins which may be as a result of FUD news that would create panic sell, and if such thing ever happen, it would take very little time before the price rises back because those who created the fud news that caused the panic sell only did so in other to accumulate bitcoin cheaply.

This is usually the work of whales, and the moment they accumulate enough, they will tend to pump the coin again, and those investor that you said would lose trust are even the ones that will massively buy at that cheap rate. That is just fantasy though, I think that value is gone forever and we may not see it again, the least that I feel we can see right now is $8000.

Nearly 4 Million Bitcoins Lost Forever, New Study Says (2017) https://fortune.com/2017/11/25/lost-bitcoins/

Not forever.

Between 1 and 10 $ (Marketcap 20 - 200 million $) there will be buyers who would buy the whole existing coins even if all others sell them. Below that range all sellers will have a support.

'But not for long', exactly.

There will be no compromised protocol, the Bitcoin network will still work, generating blocks (hashing) will not be affected. The lost coins will have new owners, the Bitcoin network wil be updated and all owners will have quantum resistant addresses. Thereafter the 1,000,000 $ target is possible as everyone will know that the Bitcoin network can't be destroyed.

+

We have two extremes,100$ as a lowest level and 1,000,000$ as the highest level which all, to my opinion, are exaggerated and not based on real analisys.
This is probably just for someone's fun but it can't be taken for real and doesn't have any value for the situation on the market.

Yeah. This is just for bitcoin minimalist and maximalist prediction. Both are baseless prediction although there is a very slim chance that it might really happened since Bitcoin come from scratch and some people holds huge chunk of it like satoshi. If satoshi unload his bag then it might go deeper near 0 and in the other hand, once mass adoption occur. Bitcoin can skyrocket above 1M. :)

$100 is impossible as long as Bitcoin is working as a currency and store of value. Based on simple market research and human psychology you will never have a live asset go back down to almost nothing because for that to happen you'd have to persuade people to sell for 1% of what they paid for it.
Think about it for a moment. You've paid 5k USD for your Bitcoin and it's now back at 5k, you'll be willing to wait hoping that it's the bottom and it won't be a loss for you.
When it goes down to 4.5k many 5k buyers will sell, but there will always be a small number maybe 10% of strong holders willing to wait it out. You will have them at any level and their number will grow as the price goes down. at 3k you'll have at least 20% of people willing to hold and wait it out, 40% at 2k, at 1k it will be impossible to stop the reversal as more than 50% will be ready to risk holding an asset that lost 95% from its ATH. At this point going below 1k is impossible without a total failure of the bitcoin ecosystem.

https://cryptonews.com/news/how-much-of-a-risk-is-investing-in-bitcoin-5595.htm
Quantum Computing
Another risk that Bitcoin investors face is posed by quantum computing. There are many who believe that the immense power of the quantum machines currently under development could make brute force hacking private keys simple and effective. If this were possible, not a single wallet on the planet would be safe. Naturally, investors would attempt to sell en masse with hopes to retain whatever value they could. This would quickly result in a Bitcoin price of single digits or even zero overnight. For now, however, quantum computing does not pose a significant risk to investors. What’s more, the network of developers working solidly to improve the Bitcoin protocol have this threat on their radar and will attempt to circumvent it before it ever materialises.


But the Bitcoin network will still work.

Re: Bitcoin price will go below 100 $ and then > 1,000,000 $

I pretty much read very high predictions, starting at $ 50000, $ 100,000, $ 500,000, even $ 1,000,000. however, all prices will be possible if bitcoin is valued very positively. it's just that, for now, I don't expect too high, just reaching the price of $ 10,000 this month or February has made many people happy. actually, I decided to make points, like waiting for the price of bitcoin to reach $ 10,000, then $ 15,000, and so on. it's better than expecting a price of $ 100,000 when prices are still at the level of $ 8,000.

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.  -  very positively
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.