Bitcoin price could exceed $100,000 by 2018, says trader

[yenimailb]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

[eminemcookie]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

[jjacob]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

A 6x jump in any asset class is a huge increase. You should also note that Bitcoin's price has increased by 15x this year. Lightning usually doesn't strike twice at the same place in quick succession.
These kind of sound bites give the trader some quick and cheap publicity, nothing more.

[sunsilk]

Bitcoin has increased for this year more than 500%. I can't call the exact percentage of it since those experts that I'm relying with the increase does have their own measurement.

First $40,000 and now $100,000? Are they are really trying to call a lot of investors for this moment and start investing to bitcoin to make everyone wealthy?

There is a chance that bitcoin can go further and will lead it's new ATH to $100,000 on 2018 since for this year no one expected earlier that it will be good at $17,000.

[Youghoor]

You are a hero member and you are saying that bitcoin increased a few more than 500% during this year, obviously that you have bought that account, otherwise, i can not understand how you are being so dumbass.

Bitcoin has increased for this year more than 500%.

It increased from $600 to more than $17200 (actual price) and you are saying that it only increased 500%?

Maybe it could reach $100k, but there is a long road to recover until we reach that, and yes, if we touch $30 or $50 thousand dollars, i would not even doubt about selling all my coins.

[khaled0111]

Why not!! in January the 1st Bitcoin price was 960$ now it is about to reach 18k$ that is 18x in less than 12 months.
Bitcoin is ascending exponentially and hitting 100;000$ by 2018 is not far-fetched.
The more the price rises the more people demand on bitcoin rises.
However, we should not forget that there where times where bitcoin lost more than 50% of its value so we should be cautious also many threads here
talk about an expected huge dump.

[batang_bitcoin]

Hmmm.. that's not really quite a lot to say but we have to see it first on what will be the first quarter of 2018 will be going through. If there is a positive movement and increase that will be seen during those times, then that's going to be one of the reason to believe on this. Personally I only want it to be stable at $20,000 but if this is plausible and will become true, bring it on.

[gentlemand]

Yes it's possible, but really not very desirable.

We've seen how inelastic the supply is but the demand can go ballistic in seconds or disappear completely. It could get there in one week of madness on GDAX but it would plummet just as insanely. That would make for poor PR but a whole lot of excitement.

I don't think anything this constricted has gained so much attention so rapidly. That sets the scene for mind blowing moves, but they might be very short lived.

[blockman]

I don't know who that Chapman is but possibilities will always be possibility as stated and but we need to see it proven first. I reckon his speculation and if this will happen I'll go with gentlemand's stand that it can be just for a week and people will just pull out their funds and bitcoin will start to become bearish.

[JanpriX]

Achieving that price on 2018 is quite a stretch from my honest opinion right now. Don't get me wrong, I'm still a bullish trader when it comes to BTC for next year but a 6-figure value is somehow a very difficult task to overcome. If I'm gonna guess, that is easily achievable for 2019 but not for 2018. The core team should first address the issues that we are having right now regarding network congestion if we want to get to that price this coming year. The certain issue will hinder others to invest more to BTC especially when they experience it first hand.

But, well, anything can still happen. It is BTC that we are talking about here. Any logical reasoning is useless when it comes to this cryptocurrency.  

[jubalix]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

A 6x jump in any asset class is a huge increase. You should also note that Bitcoin's price has increased by 15x this year. Lightning usually doesn't strike twice at the same place in quick succession.
These kind of sound bites give the trader some quick and cheap publicity, nothing more.

Bitcoin has an attribute of an asset class, but its not an asset class.

It's more like an uptake curve.

can the internet be take up/joined by 6 x more people in 1996, you bet.

[gentlemand]

Bitcoin has an attribute of an asset class, but its not an asset class.

It's more like an uptake curve.

can the internet be take up/joined by 6 x more people in 1996, you bet.

And it's the first uptake with a price ticker attached to it. Can you imagine what the 'mobile phone' price chart would look like from 1985 to today?

It's often been said here that humans are really shit at comprehending compounding and exponential moves. I think I'm one of them too despite my best efforts.

[markint]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

It is true that the exponential growth bitcoin has had in recent months could give us space to speculate in that regard, however I find it untenable growth so accelerated over a prolonged period of time. I have no doubt that the bitcoin trend will continue to rise in the medium term, but I also think that we should expect a considerable slowdown in this growth, so that a price of $50,000 seems more realistic, although we can never dispel a big surprise from bitcoin.

[eminemcookie]

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

A 6x jump in any asset class is a huge increase. You should also note that Bitcoin's price has increased by 15x this year. Lightning usually doesn't strike twice at the same place in quick succession.
These kind of sound bites give the trader some quick and cheap publicity, nothing more.

Bitcoin has an attribute of an asset class, but its not an asset class.

It's more like an uptake curve.

can the internet be take up/joined by 6 x more people in 1996, you bet.

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin. The point about the uptake curve is exactly why I see bitcoin either reaching 100k or crashing, I don't see there being any inbetween, we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

[Youghoor]

Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

I can imagine myself paying on starbucks a coffee of five bucks paying less than $1 worth of fees, it is exciting.

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin.

It is exactly what i said yesterday on this thread, we have not reached the maximum potential that bitcoin has, it has increased by more than 500% during this year, much more than that, probably the triple of that amount.

we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

with the LN, bitcoin is probably going to touch it's max potential.

[gentlemand]

Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

What if the lighting network never get it working right on a larger scale or the working right version is massively limited in some way?

The intention is there. Who knows what the final delivery will look like?

[eminemcookie]

Once that the lightning network is fully adapted on the network, it would be a really booom on the community, everybody would like to test paying shitty stuff of less than five dollars using bitcoin, because it would be possible.

I can imagine myself paying on starbucks a coffee of five bucks paying less than $1 worth of fees, it is exciting.

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin.

It is exactly what i said yesterday on this thread, we have not reached the maximum potential that bitcoin has, it has increased by more than 500% during this year, much more than that, probably the triple of that amount.

we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.

with the LN, bitcoin is probably going to touch it's max potential.

It's one step to bitcoin becoming a far more viable option as a currency if the fees can be greatly reduced. Although I'd argue for many transactions $1 is still to much. While LN may now seem like bitcoins maximum potential, we do not know what is to come in the future, it is important always that bitcoin never stands still and always strives to improve.

[proudhon]

I traded once. Bitcoin will absolutely never, ever, ever reach $100,000. It's a proven fact.

[yenimailb]

I traded once. Bitcoin will absolutely never, ever, ever reach $100,000. It's a proven fact.

https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd

[1Referee]

What if the lighting network never get it working right on a larger scale or the working right version is massively limited in some way?

The intention is there. Who knows what the final delivery will look like?

Lightning Network is being tested as we speak, and even you could choose to contribute by reporting bugs, potential issues, etc. Ultimately, we need something to bring Bitcoin to the next level, because if that doesn't happen, Bitcoin won't be able to cope with the increased demand, which is something that we at all times should avoid. It's clear that Segwit alone won't do much in that regard, and that's something obvious even without Segwit being utilized right now. It was never meant to solve anything in terms of scaling, but more to buy time in the runup to Lightning Network. We'll see what happens, but I am confident in a good end result, where we definitely need it to succeed in order to stimulate further adoption.