What does it take for Bitcoin to go 100X?

[Bitdonator]

It need mass adoption... and probably for 10 years
when block reward drop to 3.125 BTC

[RappelzReborn]

It's nice and cool and stuff ... But it's not gonna happen at least not while we are alive .
It may happen after a lot of block halving reward and some huge exchange websites manipulation like what happened with MtGox (if it was the reason of the pump , not sure )

[spazzdla]

Time..

If you can't hold for +15 years Bitcoin is NOT for you..


0 or hero are the ONLY possibilities for Bitcoin.

[spazzdla]

It's nice and cool and stuff ... But it's not gonna happen at least not while we are alive .
It may happen after a lot of block halving reward and some huge exchange websites manipulation like what happened with MtGox (if it was the reason of the pump , not sure )

.... You think in 50.. FIFTY YEARS bitcoin will only steadly increase with inflation.......?

Really???

[Erdogan]

We only need transactional capacity enough to be able to technically unload bitcoins easily to someone who wants them more, for something the bitcoin ownner wants more. (Meaning that a low price does not make it "difficult" in this technical sense). The reason is that it can not be money unless it is highly liquid.

The value otherwise comes from the reservation demand, that is, from savers. The transaction volume, in number of transactions or in bitcoins, is irrelevant.

[Erdogan]

Simple, just make there are 10000% more bitcoiner or extreme price manipulation
In basic, it just mass adoption.

But government & bank have strong power to prevent mass adoption

I like it when there is resistance, because the more resistance, accidents, fraud there is, the more unbreakable it will be. Bitcoin creeps in all the small places the bankers does not control, and where bitcoin is useful. Good times, filled with promise.

[Q7]

A lot of things could have happened. For instance a big corporation announcing they are using bitcoin as their official payment system and they have integrated it without issue with more big companies to follow suit in their foot steps. Another scenario is that people might have actually found a way to convince all the users in the money remittance to switch over to bitcoin and people starts to embrace its benefit.

[oblivi]

It's nice and cool and stuff ... But it's not gonna happen at least not while we are alive .
It may happen after a lot of block halving reward and some huge exchange websites manipulation like what happened with MtGox (if it was the reason of the pump , not sure )

.... You think in 50.. FIFTY YEARS bitcoin will only steadly increase with inflation.......?

Really???

He's a victim of pessimism just like other area victim of hype. Let us just wait and see. Personally and looking at the general geopolitical situation, one would need to be blind to see how everything is heading towards the "internetization" of money. Physical cash will be history in 10-15 years, mark my words... and we are already heaps behind all the clueless people out there.

[mrhelpful]

Simple, just make there are 10000% more bitcoiner or extreme price manipulation
In basic, it just mass adoption.

But government & bank have strong power to prevent mass adoption

So basically any mass adoption will do.

But, didnt we have like 6 years of wait for mass adoption, i feel like that highlight is over.

[luciann]

A lot of things could have happened. For instance a big corporation announcing they are using bitcoin as their official payment system and they have integrated it without issue with more big companies to follow suit in their foot steps. Another scenario is that people might have actually found a way to convince all the users in the money remittance to switch over to bitcoin and people starts to embrace its benefit.

I thought that was done already with like overstock and companies like dell saying they accept bitcoin.

and theres no real results to show from that in my view.

[gentlemand]

A lot of things could have happened. For instance a big corporation announcing they are using bitcoin as their official payment system and they have integrated it without issue with more big companies to follow suit in their foot steps. Another scenario is that people might have actually found a way to convince all the users in the money remittance to switch over to bitcoin and people starts to embrace its benefit.

I thought that was done already with like overstock and companies like dell saying they accept bitcoin.

and theres no real results to show from that in my view.

I assume the poster means that that would be their primary payment system so anyone who wanted to deal with them would have to pay them in BTC.

It would be a bold company that did that and possibly suicidal right now. It would be fun to create a super hot product and insist on BTC only. I'd be bloody minded enough to do it but I'm not sure who else would.

[Mobius]

This would be a good day indeed. Although many years away.

[waterpile]

It need mass adoption... and probably for 10 years
when block reward drop to 3.125 BTC

Mass adoption has been already been done.. We just need the government to understand the benefits of using BTC rather than rejecting it.

[Pecunia non olet]

LOOOL! Bitcoin 100x???!!!

Mate i made a ton of money on certain alts. I had like 4 coins last month that were going 15x and more. Bitcoin 100x??? Why? How? Too high marketcap. Too large amount of money needed to go even 2x!!
It must really suck to hold the Gavincoin/Bitcoin right now.

[STT]

"Too large"   This is assuming the dollar holds all its current value and this is highly unlikely to last forever.    Right now USA dollars are used as global money, not quite explicitly but its well known that oil wherever its produced is then sold in dollars.
This does not have to continue and if you believe in natural progression, its certain to change so can bitcoin go up by some exponential amount I believe so.   however it will have to compete vs other mediums and long term we cant know which

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

It doesnt take alot but this is assuming btc could replaced into all those markets and accepted by both parties

[Amph]

LOOOL! Bitcoin 100x???!!!

Mate i made a ton of money on certain alts. I had like 4 coins last month that were going 15x and more. Bitcoin 100x??? Why? How? Too high marketcap. Too large amount of money needed to go even 2x!!
It must really suck to hold the Gavincoin/Bitcoin right now.

why not? bitcoin did increased x10 with the last ath and x25 in 2011, why such a thing could no be repeated? x100 may sounds a bit too far-stretched, but if the demand will be there it is possible to surpass even that kind of increase

altcoin are different thing, they are so worthless that some of them did go to 10k-30k%(i remember one in 2013 that has reached a crazy percentage in the 10-50k range, was beyond reality...)

[azguard]

LOOOL! Bitcoin 100x???!!!

Mate i made a ton of money on certain alts. I had like 4 coins last month that were going 15x and more. Bitcoin 100x??? Why? How? Too high marketcap. Too large amount of money needed to go even 2x!!
It must really suck to hold the Gavincoin/Bitcoin right now.

why not? bitcoin did increased x10 with the last ath and x25 in 2011, why such a thing could no repeated? x100 may sounds a bit too far-stretched, but if the demand will be there it is possible to surpass even that kind of increase

altcoin are different thing, they are so worthless that some of them did go to 10k-30k%(i remember one in 2013 that has reached a crazy percentage in the 10-50k range, was beyond reality...)

You got it right. alts are easier to manipulate but btc is different lots of factor are involved (but i would love to see end 2013 year again, i mean we all would). that way stable lets says stable alts are on some low price now other come and gone.

[GreenStox]

It need mass adoption... and probably for 10 years
when block reward drop to 3.125 BTC

Mass adoption has been already been done.. We just need the government to understand the benefits of using BTC rather than rejecting it.

Not yet, 90% of the population has no clue.

9% are skeptics or idiots.

1% are bitcoin users but are bickering between themselves.


You cant have this , first you need to straight out our community, then set up advertising campaigns to promote bitcoin.

We need alteast 10% of the population for this to happen!

[jones techbit]

My suggestion is for people to either use bitcoin and/or invest in it as a long term strategy rather than attempt to outsmart the marketplace/bots to hedge against risks with some form of day trading .

[Wexlike]

People have to treat bitcoin as a store of value. So they don't have to buy overpriced houses/art to diversify their wealth away from bonds and wallstreet.