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April 29, 2019, 10:44:55 AM
Merited by rarkenin (3)
 #1

A few introductory remarks:

1. I’m starting this thread to demonstrate how analytical results correspond to what actually happens in the future.

2. I don’t know when Bitcoin will reach the $100 000 mark. The exact timing is impossible to predict here. Nobody knows.

3. What really matters is the resulting price/profit ratio, which is 20 to 1 at the current price of $5000 – even if BTC falls to 0 at some point along the way.

4. There are lots of reasons for why the BTC price will reach $100 000, ranging from being accepted as a means of payment to the features of the technology itself. I will cite only the main reason here.

The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.

What do people do with all that money? Trillions of dollars are just sitting there as dead weight. Their owners aren’t interesting in earning any profit – for the most part, their only objective is to keep that money. Why would they need any additional profit, anyway? Those people have enough saved for a hundred lifetimes, there’s no way they could spend it all.

So things were going great for them – until a certain point. More and more limitations are placed on offshore accounts, and more and more information about them keeps emerging. This is the worst fear of all embezzlers, tycoons, etc.

Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).

At the price of $5500 for 1 BTC, its market cap is about 100 billion dollars. If BTC goes up to $100 000, its market cap will reach $1.8 trillion – which is still 10 times less than the total amount stored in offshores now and 15 times less than what will be stored there in 10 years.
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April 29, 2019, 10:51:30 AM
 #2

everything can happen, the price offered on the market is indeed cheap when compared to last year, the price of 5500 usd if going to 100,000 usd takes a long time, but the most important bitcoin can be accepted worldwide as a means of payment

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April 29, 2019, 10:58:53 AM
 #3

Great reason but of course we need more time for that kind of price. If the government fully adopt bitcoin then we can expect a price like that to happen in the next 10 years but I believe if there's still a rejection from the government we can't reach that level alone. We have to think for a more good development and function of cryptocurrency so it can be easy to understand the system.
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April 29, 2019, 11:50:22 AM
 #4

I think it's hard to get that number, or we'll need it for a long time. Also, we will need to accept the Bitcoin in many countries and lift the ban. I agree with you that bitcoin is the future payment currency, but that means to me that it has to be stable.
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April 29, 2019, 12:16:32 PM
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I think it's hard to get that number, or we'll need it for a long time. Also, we will need to accept the Bitcoin in many countries and lift the ban. I agree with you that bitcoin is the future payment currency, but that means to me that it has to be stable.
It is not possible if we all are in into crypto but somehow we can be in trouble knowing that some areas aren't in touch with crypto information and even lock up from using internet. Which could be some hindrances for its growth. The future of Bitcoin will rely on us and even not sure how long we've been seeing this technology or something possible there is new one created.  If Bitcoin reaches that pretty high price, I'm afraid that nobody could risk their money for this.

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April 29, 2019, 12:46:45 PM
 #6

that's hugh price imposible for this year happen. some people must be have strong hand to hold bitcoin right now and keep it together without worry about anything bad news. we have to get many friend to become new user into bitcoin
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April 29, 2019, 12:51:43 PM
 #7

I don't think it's possible.
We all know the votality of Bitcoin, once it hit the best price, it also drops down afterwards.
A hundred thousand dollars is too huge especially that the adoption of cryptocurrency isn't completely implemented and some countries are actually banning it for their own reasons.
It could strike high but that prediction is unrealistic.

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April 29, 2019, 12:52:26 PM
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Hey guys do you invest your bitcoins or you just leave it in your wallet to go up?
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April 29, 2019, 01:05:16 PM
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I think it's hard to get that number, or we'll need it for a long time. Also, we will need to accept the Bitcoin in many countries and lift the ban. I agree with you that bitcoin is the future payment currency, but that means to me that it has to be stable.

Given time, mass adoption of Bitcoin will surely propel its price to new heights which could be unthinkable right now considering the state of crypto markets but ultimately, I think the law of supply and demand will decide Bitcoin's future and that will be very interesting in the near future since it could even reach more than $100k because of its immense potential of use cases and is considered one of the best emerging technology right now.
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April 29, 2019, 01:07:31 PM
 #10

Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).

Correct. But this doesn't have to be Bitcoin. Normally I'd choose anonymous coins for this. And many did and many will do this.
So it's not really the ultimate reason for Bitcoin to rise. Bitcoin has its more... transparent... usability as it is as mean of payment and as investment.
The more the people that use it, the more the people that will keep some change in the wallet, the more the people that will lose some cents here and there by being careless, "helping" bitcoin get more and more scarce.
And obviously some investors will be hoarding it.
All this also leads to price increase, maybe more than your tax evasion logic.

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April 29, 2019, 01:21:31 PM
 #11

~snip~

There is nothing wrong with the way you think, rich people will always look for ways to store their wealth in a way to be as safe, but also beyond the scope of taxation. Problem for those people to switch from fiat to bitcoin is yet still fairly complicated procedure, at least for most of them - but also great volatility of bitcoin. It is also not true that that a complete degree of anonymity can be achieved, at least when bitcoin is converted in fiat at some point, but for such rich people few things in the world are impossible.

Trillions of $ are also in gold, silver, stocks, real estate - so it is necessary to take this into consideration. Some would say that sooner or later part of that wealth will be transferred in bitcoin, and in fact it does not have to be a big percentage that price reach $100k.

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April 29, 2019, 01:26:24 PM
 #12

Means nothing to me.i wish i could belieeve posts like that.ofcourse it may happen but nobody can know that so we have to  wait

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April 29, 2019, 01:32:00 PM
 #13

I think it's about mining proccess, when it goes harder but the Bitcoin is so low then miner won't get enough payout and perhaps loss. That's why Bitcoin price should increased by time.
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April 29, 2019, 01:48:35 PM
 #14

I think this is what bitcoin lovers love. But for bitcoin to reach $ 100k, it needs a lot of factors:

1. Time: This is a new technology and we need a lot of time for people to understand and use it properly. In a short time it is difficult for people to understand the full potential and utility that bitcoin offers.

2. Technology: Current bitcoin posted still plying its development and improvement network. We need strong technological breakthroughs of bitcoin in the near future. With the current transaction processing speed, bitcoin is too slow, too obsolete compared to Paypal, Visa ...

3. Legal regulations: The government currently has no clear legal framework for bitcoin, it is legal or not, bitcoin is a commodity or money. The lack of regulation makes bitcoin difficult to attract big companies use it.
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April 29, 2019, 02:32:48 PM
 #15

3. Legal regulations: The government currently has no clear legal framework for bitcoin, it is legal or not, bitcoin is a commodity or money. The lack of regulation makes bitcoin difficult to attract big companies use it.

You have some good idea. This could be a very good reason for such price to happen. This is because it will start recoding huge investment, there will thus be hype which likely will inflate price. Regulation is what can make that price if it can be possible.

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April 29, 2019, 03:22:28 PM
 #16

A few introductory remarks:

1. I’m starting this thread to demonstrate how analytical results correspond to what actually happens in the future.

2. I don’t know when Bitcoin will reach the $100 000 mark. BTC

3. What really matters is the resulting price/profit ratio, which is 20 to 1 at the current price of $5000 – even if BTC falls to 0 at some point along the way.

4. There are lots of reasons for why the BTC price will reach $100 000, ranging from being accepted as a means of payment to the features of the technology itself. I will cite only the main reason here.

The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.

What do people do with all that money? Trillions of dollars are just sitting there as dead weight. Their owners aren’t interesting in earning any profit – for the most part, their only objective is to keep that money. Why would they need any additional profit, anyway? Those people have enough saved for a hundred lifetimes, there’s no way they could spend it all.

So things were going great for them – until a certain point. More and more limitations are placed on offshore accounts, and more and more information about them keeps emerging. This is the worst fear of all embezzlers, tycoons, etc.

Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).

At the price of $5500 for 1 BTC, its market cap is about 100 billion dollars. If BTC goes up to $100 000, its market cap will reach $1.8 trillion – which is still 10 times less than the total amount stored in offshores now and 15 times less than what will be stored there in 10 years.

Very nice analysis but If you are unable to predict the time that this is going to happen then it is not valid to say something about the price.
The environment that cryptocurrencies exist is very vague right now and they can be vanished in a day if the governments decide to do so.
It is very nice to be possitive about the future but we should examine every factor first before saying something. Otherwise, you just push people to a FOMO situation.

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April 29, 2019, 03:41:43 PM
 #17

I am not really trust bitcoin could raised to higher price about $100k because right now bitcoin still under $10k and always keep lower last one years, will be just your fake ideas or opinion to make many people to buy and invest in bitcoin?

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April 29, 2019, 04:00:23 PM
 #18

You need to get the idea of 1 bitcoin = $100,000,000 out of your head, and treat 1 bitcoin = 1 bitcoin, that way the market will never phase you, $lave.
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April 29, 2019, 04:13:06 PM
 #19

A few introductory remarks:

1. I’m starting this thread to demonstrate how analytical results correspond to what actually happens in the future.

2. I don’t know when Bitcoin will reach the $100 000 mark. The exact timing is impossible to predict here. Nobody knows.

3. What really matters is the resulting price/profit ratio, which is 20 to 1 at the current price of $5000 – even if BTC falls to 0 at some point along the way.

4. There are lots of reasons for why the BTC price will reach $100 000, ranging from being accepted as a means of payment to the features of the technology itself. I will cite only the main reason here.

The total amount of funds currently stored in offshore accounts is circa $20 trillion. This number will grow to $30 trillion to 10 years if nothing changes – meaning that people won’t suddenly stop embezzling money and evading taxes. At the same time, there is a tendency for a stricter control of offshore accounts, so it’s quite possible that the amount of funds there won’t reach $30 trillion.

What do people do with all that money? Trillions of dollars are just sitting there as dead weight. Their owners aren’t interesting in earning any profit – for the most part, their only objective is to keep that money. Why would they need any additional profit, anyway? Those people have enough saved for a hundred lifetimes, there’s no way they could spend it all.

So things were going great for them – until a certain point. More and more limitations are placed on offshore accounts, and more and more information about them keeps emerging. This is the worst fear of all embezzlers, tycoons, etc.

Crypto is the best answer, since it’s a way to store money in such a way that nobody will ever know about it or link it back to its owner (thanks to mixers etc.).

At the price of $5500 for 1 BTC, its market cap is about 100 billion dollars. If BTC goes up to $100 000, its market cap will reach $1.8 trillion – which is still 10 times less than the total amount stored in offshores now and 15 times less than what will be stored there in 10 years.


Ok! So the synopsis of what you are saying is that the Ultra High Networth people will eventually become interested in using cryptos to hide some of their wealth to evade limitations placed on their accounts and to safeguard their wealth!  

I must say that this thought is absolutely flawed because that is not going to happen! This class of people will never invest in cryptos unless the government makes it totally legal because they know that their funds are always under the radar of the tax authority. So any high value transactions coming in or going out of their account, needs to be justifiable (even though a mixer service is used)! I simply don't see this happening!

However, there are other reason due to which bitcoin's price can skyrocket which are purely based on economy related theories! I won't go into details, but let me give you a list,

1. Bitcoin is limited to 21 million.
2. Increased adoption rate
3. Legalization attempts by the big economies
4. International stock markets like NASDAQ is testing a platform to trade bitcoin and other exchanges will follow the same path soon

I believe, these 4 reasons will play a big role in bitcoin's price increase for the years to come instead of just waiting for the ultra high net worth population to invest in bitcoin!

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April 29, 2019, 04:25:08 PM
 #20

In the world of bitcoin, we are not sure what will happen. For example, regarding the bull run to the price point of $ 20,000 that occurred last year. I look at the observations that you are doing, that possibility can happen with the number of funds that settle there, which at any time can be transferred to bitcoin and crypto, which in turn can increase market capitalization and increase the price of bitcoin. But this would be good if it was based on the optimism of the future of bitcoin, if bitcoin is trusted by investors and those who save these funds could a surge in investment in bitcoin occur and cause an increase in the price of bitcoin up to $ 100,000 or more.
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