$100000 by 2024?

[peter0425]

What kind of speculation it is? Do you think for that short time bitcoin value will reach $100K? That is exaggerated, I think we need a close to reality speculation.
I don't think that after 7years bitcoin value is raised up to $100K or even 10years, bitcoin value now is only around $5K so don't ever think that after 7years it will jump to a $100K.

And I believe in it. Bitcoin is becoming more popular and the speed and number of transactions are compared with VISA. This indicates a big breakthrough and the growth of bitcoin. And given the fact that the number of bitcoins is limited, there are all chances that the price of bitcoin will be 1 million dollars

I think scarcity is really one factor that can bring bitcoin price to a certain level in the future plus the demand would be really high that time so its possible that the price could reach $100000 in 2024. But first we need to take baby steps, let's see if we can touch $10000 first and see how it goes from there. Bitcoin has proven that it has the ability has risen from the past and I have no doubt that it can get further. But I can't say for certain that $100000 in 2024 is possible, unless something drastic has really happen to the ecosystem that will really push the price to this level.

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[Denker]

What kind of speculation it is? Do you think for that short time bitcoin value will reach $100K? That is exaggerated, I think we need a close to reality speculation.
I don't think that after 7years bitcoin value is raised up to $100K or even 10years, bitcoin value now is only around $5K so don't ever think that after 7years it will jump to a $100K.

Have you read the thread title?? It says $100k by 2024!! I wouldn't call 7 more years from now on short term. More medium term.
And that price is not that much of exaggeration at that point in time imo, if Bitcoin will still be the dominant Coin and Blockchain.
Furthermore we are still in a very early phase, probably early adopters (2.5%) and some time next year we  may move over to early majority (~13-15%).
You will be shocked once exponential growth really starts to kick in!!

[The_Dark_Knight]

I think like other said it can be happen because this year is different from past few years ago the movement is continues increase and we didn't experience any trading site was down or hacked and we are seeing the more price increase i am happy that the movement of the price really different from the past few years..  so i think this speculation can be happen in 2024 or more..
so if you have money to invest don't lose this opportunity to make a good and great profit in the future..

I do not know that seems too soon for me, bitcoin is gaining recognition, traders and investors cannot longer ignore bitcoin, they can see that great earnings are possible in this market and yet that price seems unrealistic to me, do not get me wrong I would like that to happen but the chances of that are zero.

[ahmia39]

Hard to imagine if bitcoin become $0.1B in 7 years. I am doesn't dream too high about bitcoin prices in the future. With current rate, feel very happy because it was worth my effort to gain bitcoin from many years. Maybe $ 10K is more realistic to happen.

[HabBear]

Wow, that's a cool little trend line!

It looks like the trend line for Moore's law, given the increasing pace of growth over the similar time frames. Here's a link: https://www.economist.com/news/business/21648683-microchip-pioneers-prediction-has-bit-more-life-left-it-ever-more-moore

Of course, sharing this chart with anyone who isn't already hodling is just asking for a "it's a fucking bubble" response. Traditional investment characteristics and behavior don't apply with Bitcoin. The reason is that those that have really adopted bitcoin don't see it as an "investment" or something that you stash your money in for a defined period of time. They see it as an alternative to an existing flawed systems. Once your money is in bitcoin there's little reason to move it out of bitcoin.

To put this chart in the proper context we need to put the rate of demand alongside it and then determine how that rate of demand applies to the available population.

[aardvark15]

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.

That kind of gain in 7 years seems unlikely but not impossible. That would be more than an average 50% gain per year for 7 years. I just don't see that a a very likely gain per year. I would expect a more modest growth of 10% per year at this point. I don't think an exponential growth is something we should expect. There will be down years and corrections in the price along the way.

[LevshaK1]

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.

That kind of gain in 7 years seems unlikely but not impossible. That would be more than an average 50% gain per year for 7 years. I just don't see that a a very likely gain per year. I would expect a more modest growth of 10% per year at this point. I don't think an exponential growth is something we should expect. There will be down years and corrections in the price along the way.

10% a year is not growth at all. Crypto currency is so slow to grow. I'm sure that the biton has a huge potential, thanks to which the price can increase very much

[denny27]

Wow i think about this i really haven't yet thought/haven't yet sure about it at all will bitcoin price reach $100000 by 2024. For me it is very difficult to predict it or estimate it, well i just hoping that it can happening in the year 2024.

[lottery248]

if you believe that $100.000 within 2024, have to seek how the human is accepting bitcoin, or altcoins traded as bitcoin. IMO the price of bitcoin is gonna be at least that price with the newer economic apocalypse in case. other than that, the physical bitcoins give help to that trend too.

[jtipt]

if you believe that $100.000 within 2024, have to seek how the human is accepting bitcoin, or altcoins traded as bitcoin. IMO the price of bitcoin is gonna be at least that price with the newer economic apocalypse in case. other than that, the physical bitcoins give help to that trend too.

Yeah, BTC price can not be just predicted using a simple exponential graph. It just gives a idea that if the tried continues then what the price would be in 2024, but honestly the trend never continues there are always some setbacks. I think it's still too soon to predict prices for 5-10 years down the road.

[AngelSky]

if you believe that $100.000 within 2024, have to seek how the human is accepting bitcoin, or altcoins traded as bitcoin. IMO the price of bitcoin is gonna be at least that price with the newer economic apocalypse in case. other than that, the physical bitcoins give help to that trend too.

From my point of view Bitcoin will reach 100000$ .Bitcoin will serve till the year of 2050.If you have not want certain amount of dollars means keep in bitcoin. I.e Inverse that unused money in bitcoin. After certain period of time, that holding money will make you a millionaire or billionaire one day.

[Question123]

100k dollars in the year of 2024 is very impossible to happen because that price is very big and they need few decades before they reach that and the percentage to reach that is very low . For me the highest price of bitcoin is 30k dollars. But everything is possible to happen we dont know what the price of bitcoin in the year of 2024. But I hope the price is veryhigh so we can make a lot of profit.

[rhamzter]

100k dollars in the year of 2024 is very impossible to happen because that price is very big and they need few decades before they reach that and the percentage to reach that is very low . For me the highest price of bitcoin is 30k dollars. But everything is possible to happen we dont know what the price of bitcoin in the year of 2024. But I hope the price is veryhigh so we can make a lot of profit.

Yes it is impossible to increase bitcoin into 100k, if we review now bitcoin fluctuation in the market we can see that it is in the decreasing trends. I think it will continue down until end of September.

[The_Dark_Knight]

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.

That kind of gain in 7 years seems unlikely but not impossible. That would be more than an average 50% gain per year for 7 years. I just don't see that a a very likely gain per year. I would expect a more modest growth of 10% per year at this point. I don't think an exponential growth is something we should expect. There will be down years and corrections in the price along the way.

10% a year is not growth at all. Crypto currency is so slow to grow. I'm sure that the biton has a huge potential, thanks to which the price can increase very much

A 10 % growth will be a lot slower than we are used to, but it is not a bad growth at all, bitcoin has grown a lot more than that almost every year so I would not mind if we had year or two like that, that way we can get more bitcoin since I suppose most people in the forum will agree with me that they will like to have more bitcoin before the price becomes unreachable for most of us.

[Ayiranorea]

Once when the price started to move closer to $1200, each and every user were much focused on reaching $2000. This suddenly made the price reach $3000 and higher moving depending on the adoption happening in large scale. Such a situation will surely provide with unexpected price pumping which might take the price to $100000.

[Beparanf]

Once when the price started to move closer to $1200, each and every user were much focused on reaching $2000. This suddenly made the price reach $3000 and higher moving depending on the adoption happening in large scale. Such a situation will surely provide with unexpected price pumping which might take the price to $100000.

But that amount will be far from what its value now, more things might hinder it like what China been doing now,same thins might happen while reaching such amount

[The_Dark_Knight]

if you believe that $100.000 within 2024, have to seek how the human is accepting bitcoin, or altcoins traded as bitcoin. IMO the price of bitcoin is gonna be at least that price with the newer economic apocalypse in case. other than that, the physical bitcoins give help to that trend too.

Yeah, BTC price can not be just predicted using a simple exponential graph. It just gives a idea that if the tried continues then what the price would be in 2024, but honestly the trend never continues there are always some setbacks. I think it's still too soon to predict prices for 5-10 years down the road.

Bitcoin cannot be predicted that easily but it is fun to think about after all bitcoin does not follow a mathematical formula for growth, we need human adoption and that is something that will come but how big it is will depend on a lot of factors, if the economy improves then not many people are going to adopt bitcoin but if the economy fails then people are going to adopt bitcoin very fast.

[Qunenin]

There is no way that we're going to be able to push out that sort of timeframe. Obviously went to creases and the steady increases in the value of the coin it could make it to set prices in that time frame but there are so many things and other factors that could change that overtime that there's no way anyone is going to be able to make that asseratatuin. All you did was just but after chart draw the line to the end that doesn't mean there's not going to be something that's going to happen is going to change those factors.