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Author Topic: $100000 by 2024?  (Read 3590 times)
fabiorem
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August 15, 2017, 06:15:25 PM
 #21

$100000 by 2019.
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August 15, 2017, 06:17:41 PM
 #22

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.
It is not only about human psychology. We haven't felt the attempts to destroy bitcoin by the Federal reserve. It will be a very serious contender and the outcome of this battle, nobody knows. Therefore, the future of bitcoin is still unclear and depends largely on us.



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August 15, 2017, 06:21:07 PM
 #23

As technology becomes more accessible to all, the faster the 100,000$ becomes achievable. I just hope that the government would not impose fear to using bitcoins; once the media speaks negative about it, expect delay in getting to the 100,000$ mark. but anyway, I am positive that we will get there soon  Cool

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August 15, 2017, 06:23:16 PM
 #24

If the trend will always upwards or should I say that the sequence of cycle is the same as always then hitting $100,000 by 2024 is possible.

But we have to consider that it's impossible that there will be no happenings of big price crash or any attempts of FUD that will also repeat in cycle until 2024 came. Therefore, the goal of $100,000 is likely doesn't have an accurate guess of what chances should it have. After all we all don't know what will happened on the way.

I want to stick on today. If it happened then so be it but now I will just continously what I need to do in order to add the quantity of my hold bitcoin.

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August 15, 2017, 07:27:11 PM
 #25

It seems possible saying that Bitcoin will stick to its track without any kind of drama along the way. It has been so normal to Bitcoin to bump into some kind of issue every passing year. So if Bitcoin will follow that track, many will become millionaires/billionaires within just 7 years. Imagine that. Looking forward to that year Roll Eyes

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August 15, 2017, 07:33:54 PM
 #26

I'm not so sure the value of bitcoin will reach $100000 in 7 more years, but if that is right it would not hurt if we keep the bitcoin from now to go to a very bright future on bitcoin.

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August 15, 2017, 08:54:05 PM
 #27

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.
20K is possible in the end of year. Because the market is going very high new people are coming to invest they are investing in a large number of income what we never expect in the dreams because people are investing millions dollars in bitcoin because they know that bitcoin having future and they will get trice of these millions dollars.

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August 15, 2017, 09:39:07 PM
 #28

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.
20K is possible in the end of year. Because the market is going very high new people are coming to invest they are investing in a large number of income what we never expect in the dreams because people are investing millions dollars in bitcoin because they know that bitcoin having future and they will get trice of these millions dollars.
I believe that to predict the future, it's a thankless job. So I want to say that I do not trust these predictions that some experts say about what will happen to Bitcoin in the future. The fact is that it calls so fantastic prices, that I refuse to perceive them as a reality for the near future.

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August 15, 2017, 10:10:22 PM
 #29

$100,000 by 2024? Well this is not that exaggerated and this is realistic to me, 7 years from now we won't know what will be the price of bitcoin. And we just have to see it growing and growing as there's a lot of people that starting to be amazed on how fast bitcoin is growing. Nothing is impossible now in bitcoin and it can even grow higher than that speculation.

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August 16, 2017, 12:59:18 AM
 #30

100K by then no worries.

Thats 6~7 years off.

BTC 6 or 7 years ago was what? almost free.


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August 16, 2017, 06:46:54 AM
 #31

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.

As absurd as this may sound to some people i think that it is completely doable in the long run.

People said the same thing when they heard others say that bitcoin is able to break the $1,000 mark again. And look at where we are right now, $1k per bitcoin is literally considered to be cheap. However i think that 2024 may be too soon of a time. If that date was moved back to 2034 then i'd have my money on btc being $100000+.

A fiat value assigned to bitcoin in the long run is pointless, really. Because bitcoin is a disinflationary currency, and fiat is inflationary and may become worthless at any given moment.

Also, don't forget McAfee's bet on bitcoin going to over $500k by 2020. I mean it sounds crazy, and i know it's probably not going to be achieved, but still.














 

 

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August 16, 2017, 07:03:19 AM
 #32

It is very short time to reach that price I believe. But odds say bitcoin's price will eventually reach something like $50k very easily.


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August 16, 2017, 07:08:44 AM
 #33

It is very short time to reach that price I believe. But odds say bitcoin's price will eventually reach something like $50k very easily.

just see what happened in the last seven years.. i think it's not impossible but we must consider that part of new investments could be hijacked to new alts or ICOs

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August 16, 2017, 07:13:53 AM
 #34

Without a doubt it is possible, only time will tell. But no matter what happens bitcoin is now established and interest in it continues to grow. The price will definitely be up in the long term.

And yes, governments and central banks will probably try to stop it. But, as always they will be too late to the party.
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August 16, 2017, 07:26:32 AM
 #35

Without a doubt it is possible, only time will tell. But no matter what happens bitcoin is now established and interest in it continues to grow. The price will definitely be up in the long term.

And yes, governments and central banks will probably try to stop it. But, as always they will be too late to the party.
But they definitely can stop the bitcoin, they must stop all of the nodes around the world that makes the bitcoin network run and work. But honestly the banker and goverment just try to waste all of their time with non sense thing.

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August 16, 2017, 07:43:09 AM
 #36

Considering bitcoin halving in 2020 then 2024, $100,000 is looking realistic for me by 2024
Only doubt is if we develop some powerful quantum computers which will decrypt all private keys in a jiffy  Grin
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August 16, 2017, 11:23:36 AM
 #37

What a perfect Bitcoin graph! I cant imagine I will become a millionaire by 2024 lols thats 7years from now. In my country, it only takes 9btc to achieve P1,000,000.
So while Bitcoin is only 4000usd, invest invest invest....

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 16, 2017, 11:36:51 AM
 #38

Not easy, but it is possible. It all depends if Bitcoin manages to reach to the big public. If many people begin to use it, it has to rise due to the limited supply. And there are tons of people who do not have a clue about Bitcoin yet.

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August 16, 2017, 02:45:47 PM
 #39

Considering bitcoin halving in 2020 then 2024, $100,000 is looking realistic for me by 2024
Only doubt is if we develop some powerful quantum computers which will decrypt all private keys in a jiffy  Grin

I think it possible as long there is continuous support and more investors of bitcoin. By 2024, the growth of bitcoin will keep increasing maybe by that year. Though the truth it is all speculation we will never know the movement yet but hoping this would happen and to all HODLERS will be rich by that time.


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August 16, 2017, 03:47:40 PM
 #40

I think it's possible and it maybe faster.
But we have to think about why specifically BTC increasing everyday.
Is it any super (more than big) investor in this crypto?
If yes, it may increasing but the time they take profit the price will drop than we could imagine.

But sure the possibilities are high in this case. Wink
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