Why bitcoin will hit 100000$/BTC in 2014. My conspiracy theory

[nguoinhaque]

China suspect that US is silently support cryptocurrencies so when china GDP surpass US and EU GDP, their CNY cannot become "new USD". China reply by pushing cryptocurrencies ahead faster so they'll undermine current established financial systems controlled by US. US fear that China will lead the financial revolution and they'll fall behind so US jump ahead to be sure that they'll be the first riders of waves of the future. This causes an arm race and bitcoin hit 100000$/BTC soon. He he he...

[seleme]

It won't hit 100k in 2014.

Lower your expectations, you'll be less disappointed when things don't go your way.

Slow, steady rise is the best. I'd love if the price would settle around this level. 600-700.

That's amazing rise from previous ATH and good floor for future rise.

[NamelessOne]

It won't hit 100k in 2014.

Lower your expectations, you'll be less disappointed when things don't go your way.

Slow, steady rise is the best. I'd love if the price would settle around this level. 600-700.

That's amazing rise from previous ATH and good floor for future rise.

Yes, consolidation around here would be good for a while.

[sinner]

maybe China will use their trillions of USD toilet paper reserves to buy bitcoins

[zeroday]

maybe China will use their trillions of USD toilet paper reserves to buy bitcoins

Who knows, may be they are doing it right now.

[theonewhowaskazu]

There's a chance it'll hit $10k per BTC, albiet fairly small.

I doubt 100k, though.

[DeathAndTaxes]

maybe China will use their trillions of USD toilet paper reserves to buy bitcoins

Over the next 30 years or so.  Most of China's USD holdings are in US treasury bonds not "cash".

[Cryddit]

I got in early enough for two orders of magnitude, and they've come far faster than I ever expected.  Another two seems -- possible, but I doubt they will be nearly as fast.

[qwertyGuy]

China will never supply cryptocurrencies. It is centralized country.

[Zangelbert Bingledack]

maybe China will use their trillions of USD toilet paper reserves to buy bitcoins

Over the next 30 years or so.  Most of China's USD holdings are in US treasury bonds not "cash".

Maybe this is their exit strategy

[Equus]

If I have learned anything this year, it is that I am unable to overestimate what bitcoin can do.

You might have managed, though.

[antimattercrusader]

I like your theory!

But realistically, it's just wealthy Chinese investing. I invested some for some Chinese businessmen back in the 50s after the April crash. Then Baidu announced accepting BTC, getting the ball rolling -plus free trading at BTCChina, people put money in to trade, pushing up the price, causing a mania - Asians love this type of stuff.

[Carlton Banks]

Strategically, it makes sense for the Chinese to quietly push for a stateless decentralised currency of any type. They can avoid getting any scapegoating when the US dollar nightmare unwinds.

[AndrewWilliams]

Strategically, it makes sense for the Chinese to quietly push for a stateless decentralised currency of any type. They can avoid getting any scapegoating when the US dollar nightmare unwinds.

Exactly. Gentleman, I think BTC is the de-facto new world currency. 

[wobber]

OP, you long pressed your "0" too much and have 2 0s more.

[HappyBitCoinUser]

Stop posting nonsense, your topic should be removed, not even realistic. Should be under category of "fantasy", not "speculation".

[thefiniteidea]

Stop posting nonsense, your topic should be removed, not even realistic. Should be under category of "fantasy", not "speculation".

I'm thinking you probably chose the wrong username...

[baggage]

It won't hit 100k in 2014.

Lower your expectations, you'll be less disappointed when things don't go your way.

Slow, steady rise is the best. I'd love if the price would settle around this level. 600-700.

That's amazing rise from previous ATH and good floor for future rise.

I agree with this, but does anyone see 50k/bitcoin in the next couple years?
         
                                               
Or is it just a few who believe it will go this high and... is there any experienced traders on here who are long bitcoin but
think anything between 10k and 50k is ridiculous?

[igorr]

China is understood !!!

U.S give most BTC to China and takes most real money of the Chinese people. Give nothing for real money !!!
It is tactical general impoverishment of China.

Check this, 99% transaction U.S and China !!! Chinese real money (yuan) go to U.S wallets.
http://fiatleak.com/

[Ibian]

It won't hit 100k in 2014.

Lower your expectations, you'll be less disappointed when things don't go your way.

Slow, steady rise is the best. I'd love if the price would settle around this level. 600-700.

That's amazing rise from previous ATH and good floor for future rise.

I agree with this, but does anyone see 50k/bitcoin in the next couple years?
         
                                               
Or is it just a few who believe it will go this high and... is there any experienced traders on here who are long bitcoin but
think anything between 10k and 50k is ridiculous?

Tenfold increase every year. 100k by 2016.

That's not absurd, unsustainable or any of the other nonsense. That's fully to be expected given the current very low level of adoption and the ever growing awareness and demand.

Anyone wanna play a round of golf on the moon?