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Author Topic: $100000 by 2024?  (Read 3535 times)
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August 16, 2017, 03:56:42 PM
 #41

I just recently read an article from some Harvard Academic who claims that bitcoin price will reach the 100K level already in the year 2021.
Sounds too good to be true, and I suppose that it probably is.
But from all the scenarios of bitcoin future developement I have seen so far, a vast majority predicts larg increases of price.
I am counting on them!

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August 16, 2017, 04:30:39 PM
 #42

$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.

I gotta say - 100k per 1 BTC seems like hardcore Sci-Fi than realistic future we will see in the next 10 years.
I want to believe in this scenario but we need to remember that our community will most likely see some major setbacks along the way.
If you study Bitcoin history you will see that we didn't have a constant period of growth and prosperity at all.

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August 16, 2017, 04:40:42 PM
 #43

I just recently read an article from some Harvard Academic who claims that bitcoin price will reach the 100K level already in the year 2021.
Sounds too good to be true, and I suppose that it probably is.
But from all the scenarios of bitcoin future developement I have seen so far, a vast majority predicts larg increases of price.
I am counting on them!

As per my experience about the market cryptocurrency in history until today, after have many predict about dream price for Bitcoin, the market Bitcoin will have big problem and return to start again. However, I hope my worry is wrong Tongue

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August 21, 2017, 10:00:55 PM
 #44

Logarithmic trend lines are not applicable for economic charts and assets. Applying to do so causes great mistakes in the market. $100.000 would be more than $25.000.000 by 2024, if you ask me.

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August 21, 2017, 10:27:34 PM
 #45

This line is only touching the lows. It should be in the middle.

If you put in the middle we would have 100k by 2019.

Why people who do charts are always so bearish?
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August 21, 2017, 11:44:20 PM
 #46

Logarithmic trend lines are not applicable for economic charts and assets. Applying to do so causes great mistakes in the market. $100.000 would be more than $25.000.000 by 2024, if you ask me.
Well we cannot predict the value by year 2024 but as you know it may happen. As currently the demand is getting high and may decrease. Im looking forward for the bitcoin value may skyrocket for he upcoming years and Im ready to ride on.


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August 22, 2017, 12:00:38 AM
 #47

$100,000 is really hard thing to achieve in 2024 and it needs a lot of business that can be accepted bitcoin as payment or like a big company amazon if accepted we will get more impression as payment method. and it can increase its value because more people discover bitcoin to use for online and the benefits of the price increases since bitcoin is not stable we will see that the price can be increase.. but i am thinking that this price is impossible to happen because we are still not achieve even 10k value..
Hope that there are more country that bitcoin can be accept locally..  and more business will accept bitcoin as in their business..

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August 22, 2017, 12:45:53 AM
 #48

$100,000 is really hard thing to achieve in 2024 and it needs a lot of business that can be accepted bitcoin as payment or like a big company amazon if accepted we will get more impression as payment method. and it can increase its value because more people discover bitcoin to use for online and the benefits of the price increases since bitcoin is not stable we will see that the price can be increase.. but i am thinking that this price is impossible to happen because we are still not achieve even 10k value..
Hope that there are more country that bitcoin can be accept locally..  and more business will accept bitcoin as in their business..
The price might look big, but this might get achieved in the long run. The reason is that, just with the legalized usage from two or three countries the price has reached around $5000. If the same continues with more countries being into bitcoin then reaching $100000 won't be a big deal. Also in between 2024 we're gonna experience two halving.



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August 22, 2017, 04:04:21 AM
 #49

It's still very long, but maybe it will happen. Nothing is impossible, even bitcoin can reach a price of $ 4000 from $ 1000 in less than 1 year. Well, even though it's so high and looks impossible, I guess it's really possible...


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August 22, 2017, 04:12:25 AM
 #50

Only Japan had accepted bitcoin as a "official" coin. Australia is still in process of doing so, and we can always use mBTC as units for purchases in vendors, wherein the average Joe will say he have 100 bitcoins when in fact he have 100 mBTCs.

Its possible to have a 100k value. It would have the marketcap of gold.
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August 22, 2017, 03:10:01 PM
 #51

I think that this price is impossible because we are still not reaching even 10 k value bitcoin. current price btc were declining so that we can predict the price of the bitcoin next only luck in favour of us all. but I am very berharapkan bitcoin will continuously rise so it probably will reach $100000 in year 2024 Wink Smiley

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August 22, 2017, 06:29:33 PM
 #52

I hope so, but what about fees?
If bitcoin reach $100000 transaction fees will be $50 or $100!
I don't think 100000 is possible just because of it unless everyone buy and no one spend bitcoins.

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August 22, 2017, 06:59:09 PM
 #53

I hope so, but what about fees?
If bitcoin reach $100000 transaction fees will be $50 or $100!
I don't think 100000 is possible just because of it unless everyone buy and no one spend bitcoins.

The problem of the high commission will be solved already in November this year. I think when the block size is increased, then we will get cheap and fast transactions.
It is likely that bitcoin will become very expensive

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August 22, 2017, 07:39:35 PM
 #54

I think that is the absolutely longest it will take bitcoin to hit $100k. I'm expecting it to hit $100k more like in 2022. But I'd still be happy if it took all the way to 2024 to happen Smiley
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August 22, 2017, 10:51:57 PM
 #55

We do not know but just keep on believing on bitcoin everything happens for a reason if the price will become that high in the year of 2024 maybe all of us will be rich that quick who had already bitcoin on their wallet and stock for that long. The problem is is this will become true? Although no matter how the price is as long as i can use bitcoin im happy for it.

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August 22, 2017, 11:09:02 PM
 #56

There is also another factor which might make the price go up.
All of these analysts make forecasts based on the total BTC (21 million)

They didn't count there are thousands of missing BTC.

We all know that the less coins exist the higher the value goes.
Think that there are people who missed their BTC because of hardware crash, others dropped their hard drives in waste bins when BTC was almost nothing. (Someone threw his HDD with 7500 BTC on it.)
https://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/#387bd1fe245c

There might be wallets full of BTC that are lost, forgotten, etc etc.
Some other people might have died and their family doesn't know about BTC and so on.

Think how many people solo mined BTC at the beginning and then they said, what a BS is this? I delete everything.

I strongly believe there must be more than 200k BTC missing till now.
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August 24, 2017, 02:46:57 AM
 #57

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.
You do not have to take the prediction super seriously this is just a way to explain the behavior of bitcoin, I also think that is too high of a price but if it happens I’m not going to complain, the only bad thing is that I do not have as much bitcoin, I hope to get to my goal of 15 BTC before the end of this decade, if I’m able to make it then the only thing I will have to do is to hold and wait to the day I’m rich.



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Farma
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August 24, 2017, 03:37:30 AM
 #58

It could happen, but I'm not sure the bitcoin price will go up so high in 2024, maybe more. Bitcoin does always give us a great surprise, and I think it's not impossible for that, so maybe we should collect a lot of bitcoin before it actually happens.

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noormcs5
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August 24, 2017, 05:18:50 AM
 #59

Possibility, It will be happened as you tell us about logarithmic chart. Because i see this chart and in it, tell us a quorate price of every year. Then no doubt i will agree on it, that in the year of 2024 we will see bitcoin come at $100000. Then it is happy moment but still it confuse me, that should i hold my bitcoins for a long time or sell them in a highest price at $5000? 

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CryptoBry
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August 24, 2017, 05:26:53 AM
 #60

$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.

We just hope that all of this projection and prediction can indeed happen. While I am barraged by so many positive predictions, we are seeing some posts warning us of the possible Bitcoin bubble. I wonder what would these negative thinkers will say once Bitcoin can already be in the 50K vicinity...maybe they would really launch an educational campaign telling people that the BIG BITCOIN BUBBLE can be imminent.

Lately, there had been so many wild projections for Bitcoin but many of them will not come true that easily as the road to Bitcoin triumph is always littered with so many ups and downs and many frustrating developments. The coming November debate is already here and it can also affect the value of Bitcoin but I am hoping that come 2018 things will get clearer and easier.

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