Is it true that Bitcoin is going to hit $100?

[Cara Navarre]

 

[live627]

That would be interesting too see.

(Maybe move this to speculation)

[warlordluke]

I highly dout it but I would cash in on it though if it did.

[drakahn]

Many, myself included, think yes. But no one can see the future

[CoinOp]

Yes, could be 3 months or more away though.

[Graet]

Yes, could be 3 months or more away though.

or 3 years or 30 years

[Kazimir]

Yes. And given a few more years, I can also see it hitting over $1000.

Here's why: Bitcoin has everything to become a new major worldwide money & payment standard. It has enormous benefits (e.g. see here or here) and greatly fits with the uprise of information technology and the integration of internet in our everyday lives. At the same time, banks and governments are trying hard to destroy our existing euro and dollar based economy, undermining it with ridiculous credits, loans, creation of money out of thin air by the billions, and covering debts with even greater debts, ad infinitum.

Now, do the math: how much do you think is one 21millionth of the global economy (at least the part that deals in BTC) worth?

Sure, banks will disapprove. They see their old-fashioned wealth, monopolistic position, power and privileges melt away. Well, tough luck. It's the age of the internet, we don't need banks anymore to handle our wealth and payments. They can't put the genie back in the bottle.

[randy-waterhouse]

absolutely 

[averybigant]

i hope so

[Testit]

Yes but it will not stop there got no limit´s

[Odio]

Not any time soon. The market would crash before it even hit $50.  Maybe someday in the very distant future when mining is no longer possible. Perhaps 2-5 years down the road.

[Lethos]

It's hit over $30 before if I remember right, It did crash not that long after. As I understand it, crashing like that was probably because our market size was not big enough to cope with a price that high, so when everyone started selling (omg $30 - SELL SELL SELL), it dropped a huge wall. We recovered eventually, but it panicked many on the future of bitcoins.

The market is much bigger and players of the market are more careful not to see that happen again, so I am hopeful of a nice steady increase. I think surpassing what we had reach before is possible, how much past it I don't know. Of course if we start getting to really big numbers again, greed could easily get the better of some and they'll be stupid to sell large amounts all at once.

[Odio]

There are people sitting on tens of thousands of bitcoins just waiting for the price to go back up.   It will crash again soon enough.

[SaintFlow]

for a sustainable price of 100Dollar I would want small android phonelike devices with solar panel on the back for about 25 Dollar or less so you can start building a local infrastructure to support it.

Now go and build them. I have no hardware backround. But when you do GLBSE it and I help with funding

[Endgame]

A lot would have to change for bitcoin to hit $100/bitcoin. I think its possible but not likely any time soon.

[Kazimir]

A lot would have to change for bitcoin to hit $100/bitcoin.

Like what? More widespread acceptance?

[Charles Bass]

Just give me a second, i take a look @ my crystal Ball ;-)

Nobody can know or say it now... we have to wait an look!

greets Chuck!

[Phinnaeus Gage]

I just read that SNL is bringing back the Coneheads this fall and that they are going to be Bitcoin miners. You can read all the details at IRRC at \\Cc\\ under /e/.

[Jebus]

Not any time soon. The market would crash before it even hit $50.  Maybe someday in the very distant future when mining is no longer possible. Perhaps 2-5 years down the road.

Mining should be possible until 2041ish when all coins have been mined...unless i'm missing something

[drakahn]

Not any time soon. The market would crash before it even hit $50.  Maybe someday in the very distant future when mining is no longer possible. Perhaps 2-5 years down the road.

Mining should be possible until 2041ish when all coins have been mined...unless i'm missing something

2144 ish - and then transaction fee's will cover it (well long before then, but there will still be a block reward over half a bitcoin until 2144ish IIRC)