Bitcoin Forum
July 23, 2024, 08:11:23 AM *
News: Help 1Dq create 15th anniversary forum artwork.
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: January 23, 2020, 03:56:50 PM
even $ 1,000,000. however, all prices will be possible if bitcoin is valued very positively.

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.
2  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: January 23, 2020, 03:08:18 PM
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.

We are getting closer:

The boss of Google has warned that quantum computers will be able to break encryption within as little as five years, signalling the growing threat to privacy such technological advances.
https://www.telegraph.co.uk/technology/2020/01/22/googles-sundar-pichai-quantum-computing-could-end-encryption/
"In a five to ten year time frame, quantum computing will break encryption as we know it today."

But the Bitcoin network will still work.

Re: Bitcoin price will go below 100 $ and then > 1,000,000 $
3  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: November 22, 2019, 05:17:45 PM
Nearly 4 Million Bitcoins Lost Forever, New Study Says (2017) https://fortune.com/2017/11/25/lost-bitcoins/

Not forever.

I am just wondering why it should be $100 when in fact we can just put ZERO in there?
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.

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!!!
'But not for long', exactly.

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.
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.

This topic is purely for entertainment and troll purposes and makes no sense at all lets get that out of the way.
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  .

There is %0 chance bitcoin becoming under 100 dollar . A million dollars is quite possible
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  .
+
4  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: July 30, 2019, 04:56:23 PM
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 $
5  Economy / Speculation / Re: Bitcoin price will go below 100 $ and then > 1,000,000 $ on: July 30, 2019, 04:49:34 PM
"As of 2019, the largest general-purpose quantum computers have fewer than 100 qubits, have impractically-high error rates, and can operate only in lab conditions at temperatures near absolute zero. Attacking Bitcoin keys would require around 1500 qubits."
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin

"The system here is a model of our 50-qubit system. We’re not that far away from 160 today."
https://venturebeat.com/2019/07/14/ibm-research-explains-how-quantum-computing-works-and-could-be-the-the-supercomputer-of-the-future/

"Quantum computers will soon outperform classical machines"
"The project is part of the EU’s €1 billion, 10-year Quantum Flagship initiative to kickstart a competitive European industry in quantum technologies."
http://www.engineersjournal.ie/2019/07/01/quantum-computers-will-soon-outperform-classical-machines/

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/

In 10 years from now a quantum computer will have sufficient computation power to give a 51% attack on the bitcoin network.

Please discuss.

Are you from the future? Where do you got this estimate from , form fox news or some fake news page?
Because this is just fake. Quantum computing is far from being a reality even in 20 year time.

Yes,some separate advancements has been made but full computing device is something completely different.

Professor O’Brien: "In less than ten years quantum computers will begin to outperform everyday computers"
“The very fast computing power given by quantum computers has the potential to disrupt traditional businesses and challenge our cyber-security. Businesses need to be ready for a quantum future because it’s coming.”
Quantum computing is coming – are you prepared for it?
http://www.bris.ac.uk/physics/news/2016/quantum-computing.html

Quantum computers are expected to exceed the capabilities of classical computers in the next five to 10 years and promise vast increases in processing power over silicon chips.
https://thenextweb.com/future-of-finance/2019/07/15/quantum-key-distribution-to-secure-bank-account/

Some of Britain’s most distinguished computer scientists have moved to Silicon Valley to produce a quantum computer that can be sold commercially within five years.
https://www.thetimes.co.uk/article/quantum-computing-lures-scientists-to-us-g7kkkkvjw

Accessible quantum computing is just around the corner
https://techhq.com/2019/07/accessible-quantum-computing-is-just-around-the-corner/



Maybe earlier:

They will develop new quantum technologies:

New quantum computing building block developed by Australian researchers
The quantum building block, which is capable of performing an operation of 0.8 nanoseconds, is around 200 times faster than existing spin-based two-qubit gates in silicon.
https://www.abc.net.au/news/science/2019-07-19/quantum-computing-silicon-two-qubit-gate/11325424

Forget Qubits — Scientists Just Built a Quantum Gate With Qudits
And they could help usher in the era of the quantum computer.
https://futurism.com/forget-qubits-quantum-scientists-building-qudits

The research team discovered that four qudits had the same power as 20 qubits. What’s more, the qudits were more stable than the qubits.
https://canadianhomesteading.ca/science/quantum-computing-breakthrough-scientists-created-quantum-gates-using-qudits/11458



Stewart Allen, COO of quantum computing startup IonQ:
“I think in two or three years we’ll have businesses that are using quantum to solve real-world problems,” explained Allen; in the coming years, we can expect to see a trend of early adopters who want to have a “first-mover advantage”.
https://techhq.com/2019/07/accessible-quantum-computing-is-just-around-the-corner/

'Shalecoins' will be moved and are their (the first group) reward. That is the big Bitcoin challenge.

Then we will have a quantum secure network.
This will be the new beginning.



Lots of developments. They all don't think that it will work?
6  Economy / Speculation / Bitcoin price will go below 100 $ and then > 1,000,000 $ on: July 30, 2019, 04:08:47 PM
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.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!