What does it take for Bitcoin to go 100X?

[Benjig]

Time.. It's just a matter of time before Bitcoin prices Boom! like pre 2013.

But 23,000 each? Hope eternal life elixir is discovered before because time is getting over for me

[1715148352]

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[1715148352]

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[Natalia_AnatolioPAMM]

Probably about 100 million dollars spent on bitcoins each day.

yep, the only way

[rjclarke2000]

Is pecunia creating new accounts to answer/back up his/her previous posts?

Something fishy is going on.

Anyway, good thread elux. This is the feel good thread where we can but wait and see. I feel with the infrastructure being built we will see something great in the coming years.

[spazzdla]

Bitcoin today could be the best investment opportunity since... Bitcoin pre 2013.

DING DING DING DING DING DING DING.

If you're going to risk wealth on BTC, right now is the time.  Zero or hero is where we are going.

[mrhelpful]

Easy for Chamath Palihapitiya to say that, when hes already hit his billions with facebook.

And owning a basketball team, go warriors!

But, that quote theres trillions up for grabs was the mention of his area in focus with techcrunches startup quality on boundaries where they arent discovered, and where people should be aiming for.

[Pab]

Yes bitcoin price can be 23000$ or 100000$ but whatwill be value of usdollar that time,what will be possible to buy for 1dollar,in the time of Great Depression sutcase of paper money was worth pocket of matches
And bitcoin,i think we will have new technology digital currencys not based on costly mining

[pleaseexplain]

simply holding might work based on past record. if you bought in oct 19 2011 you got a bitcoin for $2.27 so now you have 100x your buy in price.
lets assume the growth rate flattens out and it takes now 3 times along to go up the same way means holding for about 9 years.

considering bitcoin adoption is still effectively nil ie demand is miniscule it is entirely possible to get there and may be sooner. Sure bitcoin is essentially an all or nothing stock but if you think it is going to die you would not be buying at all  - but if you are a believer then things look bright.

be patient if you are only buying in now

 

[techgeek]

I would understand the whole great depression comparison, but it cant be compared exactly since its being printed w. whatever amount printed nesscesary.

Instead bitcoin is a limited volume amount, so its not quite similar but the overall concept idea almost similar.

This goes based on how 1915s dollar value to till today how much it would be worth.

[tabnloz]

it's like trying to fill a bucket with big rocks and small stones; you gotta get the big rocks in first then let the small stones fill in the gaps (meaning build out the infrastructure, rails etc and then - hopefully - the users and retailers etc flesh it all out).

[azguard]

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

This will not happens any time soon. Most of countries will try to use that in advantage to make more money they dont want to risk anything for this.
Yes it will push price but i dont think that just one country would do anything need more at least 10.

[randy8777]

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

This will not happens any time soon. Most of countries will try to use that in advantage to make more money they dont want to risk anything for this.
Yes it will push price but i dont think that just one country would do anything need more at least 10.

any time soon? it will never happen. tell me why would a country use bitcoin where they don't have any control, while they can create their own and have the control they so love.

[Amph]

Probably about 100 million dollars spent on bitcoins each day.

yep, the only way

with simple word you can say a 100x demand, would cut it

or x10 of the same thing that caused the 1200 peak, x10 willy bot + mass chinese

[elux]

100X ago:

I looked at the old threads of the forum during the 2011 crash.

Fun to see the topics with hindsight ! And can be sometime quite instructive.
So I've put them on a chart corresponding to the date of the topics  





Dam.. just sold...
We've seen the bottom
Bitcoin will one day rise like a phoenix
quiet before the storm ?
bubble 2.0 forming

It's quiet... *too* quiet !

[Gervais]

What made it go up 100x before? I think the only way we'll see that sort of rush or increase is if something massive happens like a huge corporation or ginormous industry gets involved. Remittance, gambling, sex/adult/porn, and oil are all massive industries that could get on board.

[WhatTheGox]

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!

Bitcoin at 23,000 USD, yes please.
It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.
I hope it happens, it'll make us all very wealthy but my confidence in that kind of rise is draining by the day.

You know its the bottom when you and others are beginning to lose hope, that is exactly the correct emotion for the price right now.  Think about how many big names are invested in keeping this thing alive and then think about how it can really only go upwards.

[briguy37]

To go to 100x, that means about $23,000. 

First, those with bitcoins must have greater incentive to keep them in bitcoins rather than exchange them for fiat.  This means that the reasons to move back to fiat are greatly reduced/eliminated.  I'm thinking if major credit cards started accepting bitcoin-based payments that might do the trick (even if they converted to fiat when you paid them, this means bitcoin savings accounts could replace bank savings accounts for the general public without loss of functionality when you need to buy with "cash").

That might be enough, but assuming that happens there is still an influx of mined coins that have to be accounted for.  At the current 3600 BTC/day, $23,000/BTC, that's $82,800,000 worth of coins being mined each day, or $30.24 billion/year. 

For comparison, about 2500 tons of gold is mined each year, which equates to about 80 million ounces.  At $1,205/ounce, that's $96.4 billion.  So Bitcoin would have to be about 1/3 as popular as gold if it were to happen right now.

However, it gets easier to maintain the price each time the mining rate halves.  Here's the amount per year after the upcoming halvings needed to offset a $23,000/BTC price:

  current - $30.24 billion/year   1/3 as popular as gold
  2016    - $15.12 billion/year   1/6 as popular as gold
  2020    - $7.56 billion/year    1/12 as popular as gold
  2024    - $3.78 billion/year    1/24 as popular as gold
  2028    - $1.89 billion/year    1/48 as popular as gold
  2032    - $0.95 billion/year    1/96 as popular as gold

[gentlemand]

For comparison, about 2500 tons of gold is mined each year, which equates to about 80 million ounces.  At $1,205/ounce, that's $96.4 billion.  So Bitcoin would have to be about 1/3 as popular as gold if it were to happen right now.

That's an interesting statistic.

I often wonder what the ratio is of private vs institutional/governmental buying when it comes to gold.

I only know of one person who admits to any involvement in gold.

[Fabrizio89]

100x is kinda unrealistic, but it would simply require a part of the financial system to use Bitcoin in a way, not necessarily to take over though.

[txbtc]

Each bubble has made the previous bubble look like a small blip on the all-time value chart.

[GreenStox]

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!

It will take a few trillion $ that i`m sure the banksters can spare. Ask the IMF to put some money in Bitcoin and problem resolved