What does it take for Bitcoin to go 100X?

[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!

[spud21]

Probably about 100 million dollars spent on bitcoins each day.

[gentlemand]

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

More like 10,000 times I would've thought.

[Paashaas]

I love playing with that price model, the potential is mind-blowing.

Best part is; when Bitcoin takes off the targets will be higher then just 1% 

[elux]

Note that this only considers Bitcoin as currency.

The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".

The stuff Bitcoin does today.

No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.

No science fiction. No revolutionary or speculative 2.0 future applications.

Good old fashioned Bitcoin digital money.

[LFC_Bitcoin]

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.

[huadylmate]

"All" the worlds drug and illegal arms dealers using bitcoin as their own currency.

[elux]

It all looks & sounds very nice but I'm beginning to lose hope that I'll live to see prices like that.

[PLACEHOLDER] Follow-up question: What does it take for today's Bitcoin price of $233 to be unjustified? (In the long term.)

[Amph]

rest assured that this isn't something that can happen overnight, but if ever bitcoin would be evaluated that much one day, it would mean that we reached a great usage rate

when you see it from those prospects it looks easy, but actually it isn't... the good news are there, the halving is coming, only the hope remain...

[acquafredda]

Note that this only considers Bitcoin as currency.

The boring stuff. Store of value, simple transactions, remittance, settlement, "swiss bank account".

The stuff Bitcoin does today.

No fancy pants programmable money or NASDAQ on the Blockchain or Internet of Things.

No science fiction. No revolutionary or speculative 2.0 future applications.

Good old fashioned Bitcoin digital money.

I think I started looking at BTC because of this.
Isn't fascinating the potential which is behind such a technology?
As I said somewhere else is like gold better than gold.
BTC is portable (even beyond country borders), a unit of account, fungible, divisible (in some satoshi's), durable (BTC don't wear out) and one day it will be the best store of value ever.
Or, at least, I hope that.

Maybe the only thing is one can't have BTC jewelry... or can he/she? 

[Pecunia non olet]

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

[Coogan]

It'll take mass adoption. We need it to be adopted by many of those industries in the picture and accepted by many stores and merchants around the world. If people stopped using banks in the remittance and bitcoin became the defacto way to send money around the world then I think that would have a massive effect on the value of bitcoin.

[gentlemand]

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

If we take into account hoarded, lost, Satoshi coins, I remember reading somewhere it would take $250 billion to push the price to $80,000. That assumes that massive selling doesn't come out of the woodwork. You'd be a bit stupid not to.

It would fun and fascinating if it did happen. I ain't holding my breath though.

[inca]

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

Riiight. Somebody doesn't understand how market capitalisation works.

(Hint: it's you.)

[melody82]

holding the price is much harder then pumping it,only some big news can increase pirce of bitcoin but still i doubt about 100x

[edwinrosero]

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).
Not gonna happen soon.

Riiight. Somebody doesn't understand how market capitalisation works.

(Hint: it's you.)

I cringe anytime these threads come up.

[elux]

What it takes? 300 Billion in one-time investement AND thereafter 82 Million Dollar new money every 24 hours to hold that price (roughly another 30 Billion per year just to run it).

If this was true, then, following your argument, it must have taken a...

one-time investment of... uhm...

THIRTEEN POINT NINE BILLION DOLLARS to bring the price to $1151 on Bitstamp.

Do you agree, Pecunia?

[Chef Ramsay]

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.

Are you in your late 70s? There's a lot of things building up right and price will follow when it's ready. I remember you saying you started buying a year ago so you've yet to experience the roaring 20s so you're in for a shocker coming up. Patience is a virtue and in this ballgame, it's the Godfather.

[Father Ted]

Re: What does it take for Bitcoin to go 100X?

A miracle. At 500 billion I think the remittance market is all we need, though any and all online businesses accepting bitcoin would be mega for bitcoin. I can't see why online stores wouldn't accept bitcoin to be honest.

[elux]

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