Bitcoin price will go below 100 $ and then > 1,000,000 $

[longtermbitcoin]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

[Little Mouse]

It's not possible to get lost bitcoins because to recover a private key, you might require more than 100 years and with this time, a new form of currency will be discovered and your coins and effort will go vain.

[BitcoinGirl.Club]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $  https://bitcointalk.org/index.php?topic=5134441.0
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

I heard if anyone do Cocaine then they sometimes come up with this kind of speculations 🤪

[longtermbitcoin]

"As of 2019, the largest general-purpose quantum computers have fewer than 100 qubits, have impractically-high error rates, and can operate only in lab conditions at temperatures near absolute zero. Attacking Bitcoin keys would require around 1500 qubits."
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin

"The system here is a model of our 50-qubit system. We’re not that far away from 160 today."
https://venturebeat.com/2019/07/14/ibm-research-explains-how-quantum-computing-works-and-could-be-the-the-supercomputer-of-the-future/

"Quantum computers will soon outperform classical machines"
"The project is part of the EU’s €1 billion, 10-year Quantum Flagship initiative to kickstart a competitive European industry in quantum technologies."
http://www.engineersjournal.ie/2019/07/01/quantum-computers-will-soon-outperform-classical-machines/

How quantum computing is going to rock your world
https://www.afr.com/technology/how-quantum-computing-is-going-to-rock-your-world-20190719-p528pz

10 European startups cooling down the crazy world of quantum computing
https://www.eu-startups.com/2019/07/10-european-startups-cooling-down-the-crazy-world-of-quantum-computing/

In 10 years from now a quantum computer will have sufficient computation power to give a 51% attack on the bitcoin network.

Please discuss.

Are you from the future? Where do you got this estimate from , form fox news or some fake news page?
Because this is just fake. Quantum computing is far from being a reality even in 20 year time.

Yes,some separate advancements has been made but full computing device is something completely different.

Professor O’Brien: "In less than ten years quantum computers will begin to outperform everyday computers"
“The very fast computing power given by quantum computers has the potential to disrupt traditional businesses and challenge our cyber-security. Businesses need to be ready for a quantum future because it’s coming.”
Quantum computing is coming – are you prepared for it?
http://www.bris.ac.uk/physics/news/2016/quantum-computing.html

Quantum computers are expected to exceed the capabilities of classical computers in the next five to 10 years and promise vast increases in processing power over silicon chips.
https://thenextweb.com/future-of-finance/2019/07/15/quantum-key-distribution-to-secure-bank-account/

Some of Britain’s most distinguished computer scientists have moved to Silicon Valley to produce a quantum computer that can be sold commercially within five years.
https://www.thetimes.co.uk/article/quantum-computing-lures-scientists-to-us-g7kkkkvjw

Accessible quantum computing is just around the corner
https://techhq.com/2019/07/accessible-quantum-computing-is-just-around-the-corner/



Maybe earlier:

They will develop new quantum technologies:

New quantum computing building block developed by Australian researchers
The quantum building block, which is capable of performing an operation of 0.8 nanoseconds, is around 200 times faster than existing spin-based two-qubit gates in silicon.
https://www.abc.net.au/news/science/2019-07-19/quantum-computing-silicon-two-qubit-gate/11325424

Forget Qubits — Scientists Just Built a Quantum Gate With Qudits
And they could help usher in the era of the quantum computer.
https://futurism.com/forget-qubits-quantum-scientists-building-qudits

The research team discovered that four qudits had the same power as 20 qubits. What’s more, the qudits were more stable than the qubits.
https://canadianhomesteading.ca/science/quantum-computing-breakthrough-scientists-created-quantum-gates-using-qudits/11458

Stewart Allen, COO of quantum computing startup IonQ:
“I think in two or three years we’ll have businesses that are using quantum to solve real-world problems,” explained Allen; in the coming years, we can expect to see a trend of early adopters who want to have a “first-mover advantage”.
https://techhq.com/2019/07/accessible-quantum-computing-is-just-around-the-corner/

'Shalecoins' will be moved and are their (the first group) reward. That is the big Bitcoin challenge.

Then we will have a quantum secure network.

This will be the new beginning.

Lots of developments. They all don't think that it will work?

[Jet Cash]

I heard that the IRS is going to enforce a parallel blockchain that takes 5% of all transactions. This is in lieu of charging a profit tax. They believe that the price of Bitcoin will continue to escalate.

[longtermbitcoin]

I heard that the IRS is going to enforce a parallel blockchain that takes 5% of all transactions. This is in lieu of charging a profit tax. They believe that the price of Bitcoin will continue to escalate.

Yes, after solving 'shalecoin' https://bitcointalk.org/index.php?topic=5134441.0 the price can go > 1,000,000 $

[DarkDays]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $  https://bitcointalk.org/index.php?topic=5134441.0
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

Wow, thanks for that thoughtful breakdown with absolutely no evidence whatsoever.

Nobody cares what your ridiculous brain thinks. If Bitcoin goes below $100 that would indicate it is near death.

It's not going to go anywhere near that low and then suddenly jump to $1 million. Quantum computers cannot crack SHA256 cryptography yet, and likely wont anytime soon.

[Itsmylife]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $  https://bitcointalk.org/index.php?topic=5134441.0
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

I don't think this thing can happen. All of us believe in the future of Bitcoin and have a lot of investors are waiting to buy bitcoin with a lower price, this thing will be the strong supporting wall for the price of bitcoin.

[Janation]

How can those lost coins be active?

Some of that lost coins are sent to the null, or maybe void, as they call it and will never be used again. Most of that are lost, lost Bitcoin and lost wallet, lost private key also and can't be accessed until now. I don't think this will ever happen unless they create that lost BTCs, that is impossible though.

[jseverson]

There's actually a proper paper out there that details quantum computing threats to Bitcoin, and details ways on how to circumvent them.

For a tldr, ASICs generate more hashpower than quantum computers are estimated to be able to, and there are several quantum-proof signature schemes (available now) that Bitcoin could adapt.

This means that the threat of quantum computing could be solved by a hard fork anytime. Hard forks should only be executed when absolutely necessary though, and we're several years away from that.

[figmentofmyass]

For a tldr, ASICs generate more hashpower than quantum computers are estimated to be able to, and there are several quantum-proof signature schemes (available now) that Bitcoin could adapt.

This means that the threat of quantum computing could be solved by a hard fork anytime.

lamport signatures just require a soft fork AFAIK. the problem is transactions are ginormous.

transitioning to quantum proof signatures doesn't solve the problem of vulnerable coins the OP is talking about. for example, the satoshi coins---most of which are apparently held on p2pk outputs where the public key is exposed. or [lost] coins that remain in addresses which have signed transactions before. these could constitute millions of bitcoins which would still be vulnerable on a post-quantum fork.

[Youghoor]

I heard if anyone do Cocaine then they sometimes come up with this kind of speculations 🤪

Hahahahahahaaha ...I think I might strongly agree with you on this.... How can you think that Bitcoin will go below $100 ?  I think he doesn't really understand how the entire bitcoin ecosystem operates. He is just saying anything he feels like saying.

[jseverson]

transitioning to quantum proof signatures doesn't solve the problem of vulnerable coins the OP is talking about. for example, the satoshi coins---most of which are apparently held on p2pk outputs where the public key is exposed. or [lost] coins that remain in addresses which have signed transactions before. these could constitute millions of bitcoins which would still be vulnerable on a post-quantum fork.

Wow, I always assumed it would protect past addresses, but now that I think about it, no fork can really change those. So I looked into the issue and it seems the community doesn't have a solution for this yet? That is a pretty concerning issue.

[figmentofmyass]

transitioning to quantum proof signatures doesn't solve the problem of vulnerable coins the OP is talking about. for example, the satoshi coins---most of which are apparently held on p2pk outputs where the public key is exposed. or [lost] coins that remain in addresses which have signed transactions before. these could constitute millions of bitcoins which would still be vulnerable on a post-quantum fork.

Wow, I always assumed it would protect past addresses, but now that I think about it, no fork can really change those. So I looked into the issue and it seems the community doesn't have a solution for this yet? That is a pretty concerning issue.

yup, it's a classic bitcoin political drama waiting to happen. theymos once suggested destroying lost coins after a certain deadline to prevent their theft, and there was a lot of backlash.

it's an interesting conundrum: if we do nothing, previously lost coins will significantly inflate the supply. if we burn long term unmoved coins, we are engaging in theft/censorship.

[adaseb]

This is a very strange topic. I think the original poster should of worded it differently.

What he meant to say is that Quantum Computing advanced too fast to the point where it could solve public keys. Meaning if they are present with a public key, they can compute the private key for that.

If this actually happened and it was leaked then BTC would probably crash under $100. Because the security of Bitcoin would be broken.

However even if there was a hard-fork with a quantum resistant code then who knows if BTC still could be rescued, it might of never recovered the crash.

Either way, this won't happen, at least anytime soon.

[Herbert2020]

sorry to disappoint you but if you missed the chance to buy bitcoin many years ago when it was $100, you have missed that chance for good. if you missed the chance to buy bitcoin below $8k in this year's dip then you have missed that chance for good too. price will not go down specially that low unless bitcoin were dead. in other words if price fell to $100 ten it would also fell to zero and die. there won't be any recovery so don't be greedy

Yes, after solving 'shalecoin'

stop inventing words

[Bitcoin Smith]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $  https://bitcointalk.org/index.php?topic=5134441.0
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

I am not sure what technology you are talking about but my opinion is if the prices of bitcoin falls below $100 from the current price then it will be the end of bitcoin era for sure.

[asajapheth]

I've thought about it before; if some early adopters could get back access to their lost wallets. The price would definitely sink, if they took the coins out of the chain. But I doubt any of this would happen. I lost some coins over 5 years ago, and I know I'm never getting them back.

[asajapheth]

I heard if anyone do Cocaine then they sometimes come up with this kind of speculations 🤪

It's more like hallucinations as a result of it. It's 99% impossible, and he may just be thinking about the 1% possibility. Just maybe may-be lol

[Reid]

Bitcoin price will go below 100 $ and later > 1,000,000 $

All the lost coins will become active: price will go below 100 $  https://bitcointalk.org/index.php?topic=5134441.0
We will have an upgrade: quantum secure
The world will know that the Bitcoin network is still working.
Thereafter it will climb and we will reach > 1,000,000 $

Before solving 'shalecoins' https://bitcointalk.org/index.php?topic=5134441.0 it can't happen.

I heard if anyone do Cocaine then they sometimes come up with this kind of speculations 🤪

Hardcore.

Well, his speculations are also hardcore so I bet it just deserve that kind of comment. 

Too much. Way too much.
Do not go way that far, for we have already been there and there is a little percentage for that to happen again. When I say little, you can equal it to saying it is impossible by now.
100, and 1M is just not the number we should be looking for but at least near what it is showing by now.