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Author Topic: $100000 by 2024?  (Read 3519 times)
thejaytiesto
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August 14, 2017, 05:16:34 PM
 #1

A nice trend line on the logarithmic chart to keep track off





It seems to be working. I see a lot of people using the linear chart with Bitcoin, I think it's pointless at this point. To understand what's going on you need the logarithmic chart, otherwise you are going to think we are on a constant bubble. People have been looking at the linear chart since $1800 and saying it's too pumped because when you look at the all time graph in the linear view, it gives you a ridiculous green candle. Gotta look at this thing in log mode from now on.

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August 14, 2017, 05:42:48 PM
 #2

$100,000 by 2024, hmmm it certainly seems possible. That gives us 6 & a half years, everything is uber bullish at the moment & I don't see $100,000 as unrealistic in that time frame.

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August 14, 2017, 05:54:15 PM
 #3

$100,000 by 2024, hmmm it certainly seems possible. That gives us 6 & a half years, everything is uber bullish at the moment & I don't see $100,000 as unrealistic in that time frame.

There are guys out there who say that 100k could happen much earlier and that 100k is not the end.But it will bumpy and you will need balls of steele once the price starts to go insane.
Fact is that in terms of the big picture it is definitely much much better to look at the chart in logarithmic scale.

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August 14, 2017, 06:12:50 PM
 #4

$100,000 by 2024, hmmm it certainly seems possible. That gives us 6 & a half years, everything is uber bullish at the moment & I don't see $100,000 as unrealistic in that time frame.

Yeah there are many speculation about bitcoin price value but some has been done as a realistic and some does not take care like as said. Everyone expect the bitcoin value to be happen as op said personally does not take it as serious. Unwanted chart analysis.

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LoyceV
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August 14, 2017, 06:26:02 PM
 #5

What I get from this graph:
-Bitcoin has been about 20-fold above the red trend-line twice.
-Bitcoin is now above the trend-line.

If this continues to a third-time 20-fold above the trend-line, that means $20k. If it then crashes back to the trend-line, it'll wake 3 years again to reach the same level, like it did after the 2013-crash.

Then again, you can't really draw conclusions from extrapolating historic data. What Bitcoin needs to grow, are more users, and more users requires larger blocks. So hurry up with SegWit, block increase, Lightning Network and any other improvements for Bitcoin Smiley

But it will bumpy and you will need balls of steele once the price starts to go insane.
I've seen 4 big drops so far this year, followed by a new all-time-high. It's bumpy, and for peace of mind I like to sell something once in a while. Anything I ever sold would have been worth more now btw, and any altcoin I didn't sell is worth less now. I'm bad at timing, holding is much better long term.

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August 14, 2017, 06:37:53 PM
 #6

We don't know when, it could be sooner or later but it WILL get to $100000 considering the rising difficulty and overall limited supply.

All hail the HODLERS!!
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August 14, 2017, 06:39:58 PM
 #7

A nice trend line on the logarithmic chart to keep track off




It seems to be working. I see a lot of people using the linear chart with Bitcoin, I think it's pointless at this point. To understand what's going on you need the logarithmic chart, otherwise you are going to think we are on a constant bubble. People have been looking at the linear chart since $1800 and saying it's too pumped because when you look at the all time graph in the linear view, it gives you a ridiculous green candle. Gotta look at this thing in log mode from now on.

A Hundred thousand dollars? Aint that too much to achieve in 6 and a half years ? I am not saying that Its impossible for bitcoin not reaching or surpassing such a huge amount,it definitely can but what i am saying is that sometimes when you have too much of expectations ,it leads to greediness and if it goes your way then it would hard for any person to face something when that thing will be opposite of his expectations ,so just keep your fingers crossed and even i wish that bitcoin should reach 100,000$ by 2024.

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jimmy_007vn
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August 14, 2017, 07:06:35 PM
 #8

how about 50k? i think it's reasonable number Cool
BitMaxz
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August 14, 2017, 07:19:01 PM
 #9

I could not imagine that the price of bitcoin cam be reach $100,000 value even we are seeing the fast price increase today i think the price until 2024 is impossible to reach that amount unless if amazon and other business or accepting bitcoin as payment and bitcoin are accepting locally because of the demand we will see that the price can be reach at that value .. but for now i can say that this speculation will be never happen base in my own speculation..

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August 15, 2017, 10:53:10 AM
 #10

Well, i am not working with bitcoin to see logarithmic chart, but if it is right then in 2024 bitcoin would be reached at $100000. Then i am speechless, because for me, it is a huge amount and definitely people call me richest man and my all dreams would be come true. But in the end i would say it is just speculation we would be ready to see the bitcoin future till 2024 and still hold our bitcoins.

pealr12
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August 15, 2017, 01:35:55 PM
 #11

Do you think it will hit that price or only an exaggerated thinking because of the flow of price which is currently increasing day by day. I never imagined bitcoin will reached that price in a short periofd of time. 10k to $20k is possible maybe.

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August 15, 2017, 02:47:57 PM
 #12

If you look at whatever type of chart from various positions and with various mindsets, you'll always find a way to point at insanely higher levels to be reached by whatever year. Everything is bullish, and I am sure it will stay like this for plenty of more years, but it's pointless to focus on the big numbers while we haven't even touched five figure levels yet -> $10,000 is now the main target. One thing however is sure, holders will always be the real winners. There is basically no risk to holding (if you're mentally strong enough to discard the volatility as holder), and it requires zero actual effort. The higher the price goes, the more difficult it will be to liquidate them to fiat into your bank account as non fiat wealthy individual. That's the only downside.

thejaytiesto
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August 15, 2017, 02:49:06 PM
 #13

A nice trend line on the logarithmic chart to keep track off




It seems to be working. I see a lot of people using the linear chart with Bitcoin, I think it's pointless at this point. To understand what's going on you need the logarithmic chart, otherwise you are going to think we are on a constant bubble. People have been looking at the linear chart since $1800 and saying it's too pumped because when you look at the all time graph in the linear view, it gives you a ridiculous green candle. Gotta look at this thing in log mode from now on.

A Hundred thousand dollars? Aint that too much to achieve in 6 and a half years ? I am not saying that Its impossible for bitcoin not reaching or surpassing such a huge amount,it definitely can but what i am saying is that sometimes when you have too much of expectations ,it leads to greediness and if it goes your way then it would hard for any person to face something when that thing will be opposite of his expectations ,so just keep your fingers crossed and even i wish that bitcoin should reach 100,000$ by 2024.

I don't know if it's too soon or not, that is just an idea that someone proposed, and I wish it to be true because I would be set then. I would just continue focusing on getting more BTC meanwhile.

It is definitely not impossible. Exponential growth can make these kind of gains possible. Look at adoption graphs for disruptive technologies such as the internet itself and you will see the graph looks insane, it went from nothing to everything in no time. Same goes for telephone, cars etc.

So I will keep hustling and hodling BTC, and I will continue looking at any interesting alt that I see worth my BTC.

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August 15, 2017, 03:13:47 PM
 #14

A nice trend line on the logarithmic chart to keep track off





It seems to be working. I see a lot of people using the linear chart with Bitcoin, I think it's pointless at this point. To understand what's going on you need the logarithmic chart, otherwise you are going to think we are on a constant bubble. People have been looking at the linear chart since $1800 and saying it's too pumped because when you look at the all time graph in the linear view, it gives you a ridiculous green candle. Gotta look at this thing in log mode from now on.

Certainly possible if interest keeps growing at current rates and more companies begin to accept BTC.
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August 15, 2017, 03:19:36 PM
 #15

$100000 seems to be possible, but when this gonna happen can't be predicted precisely. In less than eight years time the price had reached over than $4000. So the price might reach around $50000 if more people get into the bitcoin community by the year 2024.



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August 15, 2017, 04:47:50 PM
 #16

If you look at whatever type of chart from various positions and with various mindsets, you'll always find a way to point at insanely higher levels to be reached by whatever year. Everything is bullish, and I am sure it will stay like this for plenty of more years, but it's pointless to focus on the big numbers while we haven't even touched five figure levels yet -> $10,000 is now the main target. One thing however is sure, holders will always be the real winners. There is basically no risk to holding (if you're mentally strong enough to discard the volatility as holder), and it requires zero actual effort. The higher the price goes, the more difficult it will be to liquidate them to fiat into your bank account as non fiat wealthy individual. That's the only downside.

I'm not sure if I understand what you mean.
Why should you have problems liquidating into fiat?
I'm pretty sure when Bitcoin higher 5 figures the banks will be bragging to sell them your coins if you want to.
And if not just use the OTC market. Also in 2024 I believe Bitcoin will be accepted in may places so you will not need to convert to fiat.
As soon as people know you own Bitcoin they will start to lick your shoes! Cheesy

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August 15, 2017, 04:48:23 PM
 #17

If you look at whatever type of chart from various positions and with various mindsets, you'll always find a way to point at insanely higher levels to be reached by whatever year. Everything is bullish, and I am sure it will stay like this for plenty of more years, but it's pointless to focus on the big numbers while we haven't even touched five figure levels yet -> $10,000 is now the main target. One thing however is sure, holders will always be the real winners. There is basically no risk to holding (if you're mentally strong enough to discard the volatility as holder), and it requires zero actual effort. The higher the price goes, the more difficult it will be to liquidate them to fiat into your bank account as non fiat wealthy individual. That's the only downside.

I'm not sure if I understand what you mean.
Why should you have problems liquidating into fiat?
I'm pretty sure when Bitcoin higher 5 figures the banks will be bragging to sell them your coins if you want to.
And if not just use the OTC market. Also in 2024 I believe Bitcoin will be accepted in may places so you will not need to convert to fiat.
As soon as people know you own Bitcoin they will start to lick your shoes! Cheesy

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August 15, 2017, 05:47:35 PM
 #18

this is highly possible. I am analyzing logarithmic bitcoin graphic for a while and it seems more accurate to me. considering that most people are still cautios towards bitcoin, I think that price is highly reachable once they look warm to bitcoin.
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August 15, 2017, 05:52:42 PM
 #19

By 2024, 100 000$ ? Definitely ! That chart is a very precious one, I will add it to my convincing files for people doubting about Bitcoin.
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August 15, 2017, 06:07:19 PM
 #20

this is highly possible. I am analyzing logarithmic bitcoin graphic for a while and it seems more accurate to me. considering that most people are still cautios towards bitcoin, I think that price is highly reachable once they look warm to bitcoin.
Honestly I do not think, bitcoin prices may need another seven years to reach $100k price levels. I'm expecting by this year we are going to see $10k levels and then by the time of next halving we may see prices reaching $100k levels.

The mathematical calculations lag to consider real time adoption rate by people and merchants. Statistical is working only up to some point because no one can predict human psychology.
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