9 Reasons Bitcoin Could Hit $100,000 Or More

[wissemch]

Number of Bitcoins in circulation

First mover, network effect and media exposure

What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.

Since there isn’t anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.

FOMO or Fear of missing out

The fear of missing out or FOMO has helped to create a lemming effect. Investors don’t
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205

[HG_Lincs]

I'll give you 1 reason why it's guaranteed to hit $100, 000+ at some point.

Look at the Currency of Zimbabwe.
Let the government print out your cash, and the same damn thing will happen in the western world. A loaf of bread was 50 cents at 1 point.
That loaf of bread did not Gain any value...... Your money lost ITS value...

[CryptoBry]

I have been reading and hearing of the same reasons (and even more) why Bitcoin will be so valuable (as if it is not yet that valuable today) like hitting the $100K level soon or even some years from now it can be at least a million dollar in price. Yeah, although am not yet tired of hearing the same type of prediction we also have to consider the realities present in the market. Cryptocurrency is partly a magic wand but that wand has also its own limitation -- calling Harry Potter to send his own wand here-- and so right now Bitcoin has to face the court of reality though I am sure it can be able to survive and flourish but outrageous predictions like this may not be helping people to get to know more on Bitcoin but will only induce more speculations (though am not actually complaining!).

[mast3rm1nd]

I believe it's possible for bitcoin to reach 100,000$ but the thing is that's a huge growth if it happened in a year. it would attract a lot of attention from powerful entities like banks, investors, and governments. some will try to regulate it some will ban it, some will want a piece of the action. I don't think bitcoin will be allowed to function the way it's meant to anytime in the near future.

[Eugen225]

Bitcoin may overcome this level in 2020

[inturist]

No one can guess how much will be worth bitcoin in the future. Today it can be 13000$ tomorrow - 15000$ and after a week - 58000$.

[zarados]

I believe it's possible for bitcoin to reach 100,000$ but the thing is that's a huge growth if it happened in a year. it would attract a lot of attention from powerful entities like banks, investors, and governments. some will try to regulate it some will ban it, some will want a piece of the action. I don't think bitcoin will be allowed to function the way it's meant to anytime in the near future.

Quite agree, for people who don't understand how the concept of bitcoin, that is how the price can continue to rise, how the volume continues to increase despite the price dropped dramatically. They will continue to think bitcoin investment is a bubble investment.

But nothing is impossible, in the past year, bitcoin has jumped from under $1k to nearly $20k. It was achieved in just 1 year. If bitcoin repeats the same thing this year, it's not impossible if $ 100k is a reasonable amount.

[BabyBoss]

Number of Bitcoins in circulation

First mover, network effect and media exposure

What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.

Since there isn’t anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.

FOMO or Fear of missing out

The fear of missing out or FOMO has helped to create a lemming effect. Investors don’t
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205

I think if bitcoin hit $100,000 or more it is already scam and this will never be done since they keep on telling that bitcoin will be the next currency in the world. If this happen I think bitcoin is already not tthe currency anymore either it is just only just a coin without use. So, I think bitcoin will never hits $10,000 or more and I think Satoshi Nakamoto will never do it because he knows that if he do it it is the end of the bitcoin because he have a lot of bitcoin in his wallet.

[SamReomo]

There are more than nine reasons which show that Bitcoin can and it will reach the $100,000 or even more than that. Bitcoin was and is the leader of the whole cryptos and I am very sure that it will be the leader forever. Bitcoin is being implemented into new systems, sites, and businesses. It is getting attention of the whole world, and almost every trading exchange is using it in their exchangeable pairs.

Its supply is only 21 million, but its community and uses are so high that its demanded is increasing day by day. Bitcoin has many features and one of which is privacy and security. Its transactions are secure and almost tax free, but due to high usage of the network its speed is getting slow and fees are increasing. But thanks to lightning network, because of which this issue wont exist for a long time.

[samcrypto]

No one can guess how much will be worth bitcoin in the future. Today it can be 13000$ tomorrow - 15000$ and after a week - 58000$.

Bitcoin is amazing technology and yeah everything is possible but we must think possitive because bitcoin can surely hit that price but no one can tell when. For now, I will focus more on getting more bitcoin the future will be bright for sure.

[merchantofzeny]

Yes it's possible to hit that if the demand increases enough though I'm not sure about being widely used as currency as it was intended. Transactions take a long time to complete now. As a store of value, I think it's still viable.

[Vatimins]

Number of Bitcoins in circulation

First mover, network effect and media exposure

What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.

Since there isn’t anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.

FOMO or Fear of missing out

The fear of missing out or FOMO has helped to create a lemming effect. Investors don’t
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205

     I can barely even count anymore how many times inhave read and heard the same reasons to support the statement that bitcoin will reach a $100,000 in the future. Not that i am saying it isn't true. I mean, who would belive me, bitcoin clearly is something that is impossible to predict. Plus the fact that the major problems of bitcoins are being fixed, this caj really do happen someday if the trend continues and maybe even higher when the fixes gets implemented.

[olubams]

Majority of the response so far are only based on speculation without a basis as to what will push bitcoin to that coveted point of $100,000. Last year was a major push that no one never envisaged but some things were responsible for such push to happen and at that high rate. But this year I have not read any major news rather its being on the negative while its OK to be optimistic, we should also not mind the actions that would be taken to move it there.

[seven2smoke1]

No one can guess how much will be worth bitcoin in the future. Today it can be 13000$ tomorrow - 15000$ and after a week - 58000$.

Yes, it's too difficult to predict the price of bitcoin in the future, The increase of price depend on how much people use bitcoin around the world. Also if people interested more in bitcoin, automatically that bitcoin price will increase. Personally, I think that bitcoin will achieve the 50k$ in the end of this year, I hope that my prediction will be right.

[Inn0vative1]

Predicting the price of bitcoin is a bit like predicting the weather. Some people still believe the weather forecast 
Its impossible to say what the price will be, but I do know it will not be zero!

[cosmoo]

Money - it's just unconfirmed papers. Government can print papers by tons or more. That's why bitcoin is better and it will hit 100,000$

[fmasta]

This event can exactly happen. Bitcoin every year rises in price by more than 1000%. Why do not he repeat this result in 2018? The crypto-currency market will reach a capitalization of several trillion dollars. Then let's see what skeptics say.

[TimeTeller]

Majority of the response so far are only based on speculation without a basis as to what will push bitcoin to that coveted point of $100,000. Last year was a major push that no one never envisaged but some things were responsible for such push to happen and at that high rate. But this year I have not read any major news rather its being on the negative while its OK to be optimistic, we should also not mind the actions that would be taken to move it there.

Very well-said. So much speculations and we need facts here how that rate will be achieved.
Of course, I want BTC to be at its best. But how are we going to achieve it?
The flaws should be addressed first.

[ethereumhunter]

this january it seems the same as the january last year which the price is dropped too fast and now it stays at the bottom. but I still sure that this price will go up in the next month, we still have 15 days to see the price is up and down, makes some people panic, some people will smile because they can buy bitcoin with low price.

[Manuj]

Number of Bitcoins in circulation

First mover, network effect and media exposure

What is unique to Bitcoin vs. other CCs is that it was the first one invented, gained acceptance by investors and businesses and has received the most media attention. New companies have formed to support and trade it, which has led others to take notice and try and cash in on the hype.

Since there isn’t anything physically attributable to Bitcoin having these qualities has been a huge help for it to gain traction. I am counting these three as one reason as they have a synergistic effect on each other and help create demand.

FOMO or Fear of missing out

The fear of missing out or FOMO has helped to create a lemming effect. Investors don’t
https://community.bitzamp.com/view.php?permlink=9-reasons-bitcoin-could-hit-100000-or-more&id=458205

I think if bitcoin hit $100,000 or more it is already scam and this will never be done since they keep on telling that bitcoin will be the next currency in the world. If this happen I think bitcoin is already not tthe currency anymore either it is just only just a coin without use. So, I think bitcoin will never hits $10,000 or more and I think Satoshi Nakamoto will never do it because he knows that if he do it it is the end of the bitcoin because he have a lot of bitcoin in his wallet.

You appear like talking shit or just babbling here. Or are you just complying your post requirements for the sake of your bounty? If Bitcoin will hit $100,000, it will become a scam? How do you assess a scam? Simply by the value of it, that if it turns out $1 overnight it is not a scam but if it will reach $100,000 it will become one? That is a far-out way of looking at it.  And Bitcoin will never hit $10,000? Well, we are more than that right now. If I know, you are dreaming of owning a lot of Bitcoins as well.