What does it take for Bitcoin to go 100X?

[Biodom]

I would say the offshore deposits will have the most significant impact if we want to see the price going up insanely one day. Imagine tax dodgers moving around the fund and practically these people would not mind paying whatever price is shown on the screen as long as the money goes through to its intended account and fulfilling its objective.

Not tax dodgers, but people with lots and lots of money who want to diversify.
Due to unique properties of bitcoin, Xapo is now basically an offshore fund/bank/depository in the middle of Europe (Switzerland).
No wonder that three highly placed (as high as basically possible) former officials are now on board:
The founder of VISA (Dee Hock), the chairman/CEO of Citibank (John Reed) and the Secretary of Treasury (Laurence Summers):
https://blog.xapo.com/announcing-xapos-advisory-board/

[azguard]

Would halving and price increase after halving encourge more people to adopt bitcoin into their lives ?

perhaps or maybe not
there are still the ones that dont trust to much on btc as means of paying

still think that is near future this might be price value for everything but for this to happen it will take a lot of work

[Fiat_Hodler]

Time + more etf options.

patience young padawan.

[bornil267645]

That would take years of patience and millions of investments. Big corporations need to get involved with insurance of total security. That will gain trust among the users and the currency will keep on rising I guess.

[zeeshsnrehman2]

create 20 exchangers. set their price to a few buck over market and enjoy the pump

[azguard]

create 20 exchangers. set their price to a few buck over market and enjoy the pump

interesting theory.
for that you will need money and nice support also you will need decent amount of coin on each exchange for this.

[Cconvert2G36]

create 20 exchangers. set their price to a few buck over market and enjoy the pump

interesting theory.
for that you will need money and nice support also you will need decent amount of coin on each exchange for this.

Translation: waste money to waste money.

Not that interesting.

[xDan]

Reminds me of the "1% fallacy":
http://successfulsoftware.net/2013/03/11/the-1-percent-fallacy/

Pulling 1% out of the air is fun, but meaningless. Real question is exactly what %, and why? What specific industries can Bitcoin be killer, to act as a lower bound for the price?

(Online black markets being an obvious one...)

[bobc1994]

I just hope that when we do get to that point, I have a ton of bitcoins sitting in my wallet:)

[Nagle]

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: 300 billion dollars.

[Cconvert2G36]

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: 300 billion dollars.

Like it took $3.1 billion tossed at mtgox for the 2.5 to 266 run?

[Amph]

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: 300 billion dollars.

Like it took $3.1 billion tossed at mtgox for the 2.5 to 266 run?

i think he is talking about a stabilized market, hence the referring to the marketcap, not by a pump point of view

if there are no resistance you rise the price so high without much effort

[inca]

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: 300 billion dollars.

Duh!

[futureofbitcoin]

Nah, Nagle is just wrong. Bitcoin can stabilize at 300billion marketcap without a full 300 billion going in. It just depends on how much bitcoin is freely available on the market.

[elux]

Doing rounds on Reddit just now:

Bitcoin’s value is at an all-time high again. Following the hype peak and crash in 2011, many seemed to have thought it was just another dotcom fluke. But bitcoin was much more than that, and it has returned with a vengeance – its market cap is now twice what it was in the 2011 peak, and it is nowhere near its potential, which is four orders of magnitude above today’s value.

In this, a lot of people are confused at the fact that bitcoin has climbed 200% since the start of this year alone, and wonder what to make of it. It is currently at $41.50 and climbing fast, and I see a lot of people just looking at the numbers and guessing from charts how things will pan out.

I am seeing guesses of $50, $100, $150, even $1,000. These numbers seem pulled out of thin air from just looking at the charts – nobody seems to have done due diligence from the other direction, from the most fundamental observation of all:

Bitcoin is a transactional currency. As such, it is competing for market share on the transactional currency market.

Talking about bitcoin value is not about happily watching numbers go up and down while having popcorn. This is about identifying a global market, looking at its size and estimating a target market share based on the strengths and weaknesses of the competing product or service under analysis.

When you know the size of the target market, and have an estimate for your projected market share, you can estimate the value of your product or service as a percentage of the value of the total market. I haven’t seen anybody do that for bitcoin.

https://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

Well here you go, Rick.

[chesthing]

Wtf are some of you guys talking about? I haven't read the whole thread so don't know if anyone else said this, but  you don't need anywhere near $300b pumped into btc to achieve a $303b mkt cap. As little as $1b or less could see 100x price increase, with a good reason behind it to justify hype.
Price moves are not simplistic, all you need are strong hands and a good push and relatively small amounts of money can push prices to astronomical levels - and that applies to anything traded.

[Alley]

Simply put more people need to use bitcoin.  The amount of coins in the order books are too small.      Bitcoin needs to be implemented into systems that transfer billions of dollars a day.

[randy8777]

Simply put more people need to use bitcoin.  The amount of coins in the order books are too small.      Bitcoin needs to be implemented into systems that transfer billions of dollars a day.

if the orderbooks were so small as you say we would see the bitcoin price way higher than now. wall street need to get on board or huge adoption, otherwise we won't ever see bitcoin being worth more than $2000

[Fabrizio89]

Well price is not going up because you spam bullish things on forum, you gotta work for it to happen.

[GreenStox]

Well price is not going up because you spam bullish things on forum, you gotta work for it to happen.

The new amount of regulations that was proposed in the USA has halted the growth for now.

Lets hope next year we will have something positive, as this year is probably done