sgbett
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May 18, 2014, 05:16:56 PM |
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Before it reaches $100k, most people would have sold it all. That will just leave a minority group holding lots of bitcoin. Less people use bitcoin to transact, it becomes useless.
Yes right, come up with a stupid premise and build silly deductions on top of that great! Like: "Before it reaches $100k, every person on earth will have some coins. That will have the coins equally spread out, and allow everybody transact over internet and nobody will be too rich or too poor." When it becomes obvious to everyone that they should really buy some, then they will. At which point it will become obvious to everyone that they should really buy some... |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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T.Stuart
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May 18, 2014, 06:00:09 PM |
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When it becomes obvious to everyone that they should really buy some, then they will. At which point it will become obvious to everyone that they should really buy some...
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Torque
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May 18, 2014, 06:43:35 PM
Last edit: May 18, 2014, 06:55:09 PM by Torque |
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BitCoin will never probably go that high as it will face competition from newer better altcoins. The total market capitalization of all cryptocoins is expected to increase exponentially but BitCoin's share will gradually decrease.
And you base this assumption on what proof? What evidence exactly? Oh wait..
(Oh and btw, Bitcoin is completely programmable, constantly being evolved, and can incorporate new features, including those of any alt coin, at any time in the future. Making said alt coin obsolete. And.. "Shhh! Be quiet! Don't tell him that, we don't want that secret to get out!"... oh ok) |
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Alley
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May 18, 2014, 06:56:27 PM |
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Market cap would be over a trillion. Not inconceivable several years down the road.
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K128kevin2
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May 18, 2014, 07:00:29 PM |
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I think that if bitcoin became the most used currency in the world it is possible that one bitcoin's value would be somewhere around there. I think that if this were to happen, however, it wouldn't be for at least like 10 ish years.
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Robert Paulson
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May 18, 2014, 08:56:28 PM |
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It will probably happen.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
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ranlo
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May 18, 2014, 10:12:37 PM |
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Still far easier than trying to get an altcoin accepted by the mainstream. And once that new altcoin becomes outdated repeat the whole process again with yet another altcoin. And with mainstream I also mean venture capital, big industries (both online and offline), a lot of small industries, your local supermarket, etc.
Simply not gunna happen.
There's a reason coin map only shows the location of physical shops that accept bitcoin and lite coin. Because these are the two original coins and even lite coin does not come close to bitcoin.
After a few years there will most likely not be many Altcoins to begin with
If someone can find a way to really tie in the coins together, I think that could help though. For example, allow people to buy services or items using *any* currency and have it automatically calculate the cost (I guess based on exchanges or something). I haven't fully thought through the idea yet but I am sure there are things people can come up with to help bring the coins, as a whole, closer together. I do agree that it's going to be a long journey though! |
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bitcoinsrus
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May 18, 2014, 11:56:26 PM |
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It will probably happen.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
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ranlo
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May 18, 2014, 11:57:36 PM |
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It will probably happen.
the only problem is that when it happens its likely that 100,000$ will only buy you a loaf of bread.
In other words... NOW IS THE TIME TO INVEST IN BREAD! YOU'LL BE A BILLIONAIRE! |
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Benjig
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May 18, 2014, 11:58:31 PM |
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xD... i dont know, back in 2013 i had not believe it but then when everybody was expecting ltc to go 5 usd and it went to 30.. now i think everything is possible with bitcoin and criptocurrencies.
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Benjig
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May 19, 2014, 12:00:42 AM |
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bryant.coleman
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May 19, 2014, 01:29:04 AM |
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Market cap would be over a trillion. Not inconceivable several years down the road.
That is almost the combined market cap of Paypal + Visa + Master + Western Union. So I wouldn't say that it is impossible. But a 200x valuation is extremely unlikely for many years from now. |
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beetcoin
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May 19, 2014, 01:36:49 AM |
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it's been so dapper with BTC for the past 3 months.. i'm waiting or things to heat up in the summer. speculating a far off number like $100k is too far in the future for me to even consider. i just want to see it rally up a little bit for the time being.
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ranlo
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May 19, 2014, 01:40:01 AM |
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it's been so dapper with BTC for the past 3 months.. i'm waiting or things to heat up in the summer. speculating a far off number like $100k is too far in the future for me to even consider. i just want to see it rally up a little bit for the time being.
If it goes back to the ATH, I'd be happy with that. Until we hit that we're obviously not going to move forward. I think for all intents and purposes, while I do believe that BTC will increase many times what it has so far, we need to be shooting for just the ATH right now (which was like what, 1.2k). |
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Crindon
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May 19, 2014, 05:13:55 AM |
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I am bullish on this and I don't think Dixon's estimates are too far off. A lot can happen in the next 5 years and the magnitude could be enormous. Big changes can mean big things include major shifts upwards in prices, so $100K is doable, but maybe in excess of 5 years.
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RandomPedestrianN9
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May 19, 2014, 07:43:50 AM |
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TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
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ranlo
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May 19, 2014, 07:46:31 AM |
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TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
If you feel this confident, I'll sell you all of my BTCs right now at only $999,000. You'll make a profit of 1k per coin! |
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RandomPedestrianN9
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May 19, 2014, 07:47:27 AM |
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TO DA MOON! CHOO CHOO! CCMF! 1 000 000 USD by the end of week! Who disagrees is FUD spreader!
If you feel this confident, I'll sell you all of my BTCs right now at only $999,000. You'll make a profit of 1k per coin! ALLRIGHT! WEAK HANDS SHAKED! YEAH! |
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culexevilman
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Bitcoin is too valuable to be used as a currency
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May 19, 2014, 02:26:25 PM |
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why not?  |
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BitchicksHusband
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May 19, 2014, 05:52:11 PM |
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Market cap would be over a trillion. Not inconceivable several years down the road.
That is almost the combined market cap of Paypal + Visa + Master + Western Union. So I wouldn't say that it is impossible. But a 200x valuation is extremely unlikely for many years from now. Exactly. This would be very difficult to achieve in less than 25 or more years. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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