What does it take for Bitcoin to go 100X?

[jehst]

Probably about 100 million dollars spent on bitcoins each day.

Actually a country making it an official currency would probably push BTC to a new high.
There's a lot of things that could add to the process.

Bitcoin becoming a world reserve currency would definitely make it worth 100 times more

BItcoin becoming a world reserve currency is highly unlikely to happen. Even Japanese economy is bigger than US, then why isn't their currency the world reserve currency? Its because of adaptation with dollar. Consider it as a language. A lot of people speak japanese but more people use English globally. Therefore, English is the universal language. Therefore, same for dollar.

Japan's economy is not bigger than the US economy.

[gentlemand]

Japan's economy is not bigger than the US economy.

Nor has it been one of the healthiest in recent times. The yen is also pretty darned volatile compared to other major currencies. It wouldn't be a great candidate for the job.

[GreenStox]

It mainly takes time & patience.

It will happen eventually, just do what you always have been doing (if you are very creative then find new ways of improving bitcoin), and then just sit back and wait until the price reached 1 million $.

[azguard]

It mainly takes time & patience.

It will happen eventually, just do what you always have been doing (if you are very creative then find new ways of improving bitcoin), and then just sit back and wait until the price reached 1 million $.

Mostly takes patience rather then time. I dont know if will see this in our life time

[Erdogan]

It mainly takes time & patience.

It will happen eventually, just do what you always have been doing (if you are very creative then find new ways of improving bitcoin), and then just sit back and wait until the price reached 1 million $.

Mostly takes patience rather then time. I dont know if will see this in our life time

A doubling each year for about 7 years, or a doubling each half year for 3 1/2 years.

[GreenStox]

It mainly takes time & patience.

It will happen eventually, just do what you always have been doing (if you are very creative then find new ways of improving bitcoin), and then just sit back and wait until the price reached 1 million $.

Mostly takes patience rather then time. I dont know if will see this in our life time

A doubling each year for about 7 years, or a doubling each half year for 3 1/2 years.

I`m not sure if we will see doubling each year. But we can see quadruple this year because of the problems in europe.

After that who knows, the world economy is not very shiny. People want a safe currency like BITCOIN

[TQMA]

People in the financial industry have been getting pretty excited about a Bitcoin 2.0 for a while now.
But Smith warns them off. "We're not even at Bitcoin 1.0 yet," he explains. "There will be a Bitcoin 2.0 -- please check back in 7-8 years."

Info: http://www.wired.co.uk/news/archive/2015-07/08/blockchain-peter-smith-wired-money-2015

[rayhan]

Since the target being asked is high ,the measures  should be kept high enough.  Probably a high clientage is required to do so. Also people should be motivated toinvest more into it. A whole country adopting bitcoin ,makes a huge difference. People need to spend more to earn more. Spend and you get a high return. Higher the spending more the return.

[TQMA]

In my opinion, it is better that Bitcoin rises slowly instead of a hard pump.
It gives more time, and a low chance of panic buying and selling,
but it will most likely change to this on the market to 400 billion? (now 4 billion)
and falling an estimated 24% today to 4% in 2025.

I expect we will be annoying in the future, but if we bought it between 200 and 1200+ dollar,
we will not notice any concerns. So keep calm and hodl on!  -BTC

[elux]

Today is May 20, 2015. The price of Bitcoin is around $233 US Dollars.

Q: What does it take for Bitcoin to go 100X? (10 000% price increase)

A: It takes 1% of the most obvious target markets.




Bitcoin Price Model | http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html


Video | James DeAngelo - Is $100 000 Bitcoin possible?

To quote Chamath Palihapitiya: "Trillions of dollars are up for grabs. Up for grabs!"

Have a nice day!

*bumparoo*

 

[Fakhoury]

I'm addicted and in extreme love with your lovely permabull spirit, keep it up my dear friend

[the_poet]

Today is May 20, 2015. The price of Bitcoin is around $233 US Dollars.

Q: What does it take for Bitcoin to go 100X? (10 000% price increase)

A: It takes 1% of the most obvious target markets.




Bitcoin Price Model | http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html


Video | James DeAngelo - Is $100 000 Bitcoin possible?

To quote Chamath Palihapitiya: "Trillions of dollars are up for grabs. Up for grabs!"

Have a nice day!

$233 per BTC and $3.32B market cap... it seems like eons ago today!

[Cyaren]

I don't think that it's impossible for bitcoin to go 100X at all. In fact, I would consider this to happen sooner or later. This will inevitably happen due to a possible mass adoption, and the certain collapse of the world's monetary system.

If the world is going through hyperinflation, then probably $20k is worth nothing.