A Single Bitcoin will Worth $100K - Do You Believe it?

[howardb]

On a very similar thread, we had an interesting discussion about what bitcoin price would be based on real money supply figures. $450,000 = BTC1
seemed to be the value at mass adoption. Though there was an argument for 10x that if you use broad money (M3). This is how we calculated it: https://bitcointalk.org/index.php?topic=646186.0

[fudbuster]

I personally don't buy into these 100k predictions. I can however see 2k-10k easily 

[howardb]

I personally don't buy into these 100k predictions. I can however see 2k-10k easily  

I remember the 90's when people were saying nobody would ever pay $100,000 for a domain name!! Well:


    Insurance.com $35.6 million in 2010 [1]
    VacationRentals.com $35 million in 2007 [2]
    PrivateJet.com $30.1 million in 2012 [3]
    Internet.com $18 million in 2009 [4]
    Insure.com $16 million in 2009 [5]
    Sex.com for $14 million in November 2010[5][6]
    Hotels.com $11 million in 2001 [7]
    Fund.com 2008 £9.99 million[5]
    Porn.com 2007 $9.5 million[5]
    Fb.com by Facebook for $8.5 million in November 2010[8]
    Business.com for $7.5 million in December 1999[5]
    Diamond.com 2006 $7.5 million[5]
    Beer.com 2004 $7 million[5]
    iCloud.com by Apple for $6 million in March 2011[9]
    Casino.com 2003 $5.5 million[5]
    Slots.com 2010 for $5.5 million [10]
    Toys.com: Toys 'R' Us by auction for $5.1 million in 2009[5][11]
    Asseenontv.com 2000 for $5.1 million [12]
    Clothes.com 2008 for $4.9 million [13]
    IG.com 2013 september for $4.6 million, acquired by IG Group from Internet Group Brazil [14]
    GiftCard.com by CardLab for $4 million in October 2012[15]
    Yp.com by YellowPages.com for $3.8 million in November 2008[16]
    Mi.com by Xiaomi for $3.6 million in April 2014[17]
    AltaVista.com for $3.3 million in August 1998
    Whisky.com for $3.1 million in December 2013[18]
    Candy.com for $3.0 million in June 2009[19]
    Loans.com by Bank of America for $3.0 million in February 2000[20]
    Investing.com by Fusion Media Ltd. for $2.45 million in December 2012[21]


It's a simple choice with bitcoin, you can refuse to believe in it, and spend the rest of your life regretting that decision, or you can take a chance. You don't exactly have to invest huge sums BTC1 is a great hedge for the future!

As Lucille Ball once said: "I'd rather regret the things i've done than the things I have not done!"

[Bitcoin_is_here_to_stay]

No.

[bitcoinsrus]

No.

this guys not a belieber

[bigasic]

Sure, one day it will be worth that much,but the question is when. I didn't think that we would hit 1k as fast as we did, I also didn't think we would go back to 400 after hitting 1k.. If we had a crystal ball, we would all be rich. Im  just glad I was able to get into bitcoin when I did.

[xDan]

No.

this guys not a belieber

burn the heretic!

[coinsolidation]

The number of hashes per $ of mining hardware and per $ of electricity falls over time.
The cost of running the network
... must keep rising so that it isn't profitable for a single entity to take it over
... must be lower than the value of the transaction fees to stay profitable for miners and prevent the aforementioned
The value of the volume of btc transferred per day must then be at least 100x higher than the cost of running the network, based on tx fees lower than 1%.

throw in some variables to get valuation.

[leex1528]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that? 

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

[nwfella]

Actually, bitcoin will never be 21 millions. Coins have been already lost and many much will be lost. People forget the private keys and good bye to the coins.
On the price target, it's pure speculation. Everything is possible.

True enough.  Thanks to ole fat ass sitting up in his penthouse behind one way glass taking dumps there are countless other coins either lost, stolen, or forgotten about.

$100,000 bitcoin, I believe if it sticks around is inevitable (if your talking USD) but not anytime soon.

[Benjig]

I personally don't buy into these 100k predictions. I can however see 2k-10k easily  

I remember the 90's when people were saying nobody would ever pay $100,000 for a domain name!! Well:


    Insurance.com $35.6 million in 2010 [1]
    VacationRentals.com $35 million in 2007 [2]
    PrivateJet.com $30.1 million in 2012 [3]
    Internet.com $18 million in 2009 [4]
    Insure.com $16 million in 2009 [5]
    Sex.com for $14 million in November 2010[5][6]
    Hotels.com $11 million in 2001 [7]
    Fund.com 2008 £9.99 million[5]
    Porn.com 2007 $9.5 million[5]
    Fb.com by Facebook for $8.5 million in November 2010[8]
    Business.com for $7.5 million in December 1999[5]
    Diamond.com 2006 $7.5 million[5]
    Beer.com 2004 $7 million[5]
    iCloud.com by Apple for $6 million in March 2011[9]
    Casino.com 2003 $5.5 million[5]
    Slots.com 2010 for $5.5 million [10]
    Toys.com: Toys 'R' Us by auction for $5.1 million in 2009[5][11]
    Asseenontv.com 2000 for $5.1 million [12]
    Clothes.com 2008 for $4.9 million [13]
    IG.com 2013 september for $4.6 million, acquired by IG Group from Internet Group Brazil [14]
    GiftCard.com by CardLab for $4 million in October 2012[15]
    Yp.com by YellowPages.com for $3.8 million in November 2008[16]
    Mi.com by Xiaomi for $3.6 million in April 2014[17]
    AltaVista.com for $3.3 million in August 1998
    Whisky.com for $3.1 million in December 2013[18]
    Candy.com for $3.0 million in June 2009[19]
    Loans.com by Bank of America for $3.0 million in February 2000[20]
    Investing.com by Fusion Media Ltd. for $2.45 million in December 2012[21]


It's a simple choice with bitcoin, you can refuse to believe in it, and spend the rest of your life regretting that decision, or you can take a chance. You don't exactly have to invest huge sums BTC1 is a great hedge for the future!

As Lucille Ball once said: "I'd rather regret the things i've done than the things I have not done!"

Very interesting, since 2010 the people have been telling about 10 k or 100 k bitcoin, most sold in the first bubble but at the end their toughts surely will become real.

[trader001]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

[bitsmichel]

It's possible, but there is no guarantee and it's a long way to go. For now, we have to cross the 1000$ boundary again.
But who knows what the price will be in the year 2016 or 2020.
I think, by then it's either gone way up or way down - I do not think the price will remain the same for so many years.

[howardb]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

[Skele]

It depends on the future we are talking about, but a little example:

Year 2140, When all 21 million Bitcoins were mined, there would be like 80 billions of dollars worldwide (80 millions of millions, twelve zeros),

so 80 000 000 000 000/ 21 000 000 = BTC Price: 3 809 523 dollars each

[madken7777]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

Wealthiest in what way? British were bailed out by the IMF in the 70's because no country will lend them any money.

They were lucky to pump additional north sea oil in the 80's (and peaked in mid 80's). Now that the oil is drying up, and international financial center is leaving London, what industry can replace these two gigantic source of income?

[bitsmichel]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

Wealthiest in what way? British were bailed out by the IMF in the 70's because no country will lend them any money.

They were lucky to pump additional north sea oil in the 80's (and peaked in mid 80's). Now that the oil is drying up, and international financial center is leaving London, what industry can replace these two gigantic source of income?

The IMF is a very corrupt organisation, they are not a creditable source. Aside from that, the UK empire has integrated with the Five Eyes. (Australia,Canada,New Zealand,United Kingdom,United States of America ).

[howardb]

Now they say it will be $100K in the USD...

Well what if the USD is worthless?  What if the USD is worth tons?  How can they make such bold predictions like that?  

Anyway....Would be insane if it every happened in today's standards as far as the USD goes.  I for one would absolutely love it...

USD is expected to go down the way GPB did when British lose their empire.

If you are borrowing USD to buy bitcoin and bitcoin/usd pair went up many folds, then you will do very well if you are right.

Not really a student of history are you? UK Is still one of the wealthiest economies in the world, even without it's 'Empire'! US has barely managed 60 years of 'Peaking'  and it's throwing it all away with insane monetary policy to service the truly wealthy who are actually running your country. Don't get me started...

Wealthiest in what way? British were bailed out by the IMF in the 70's because no country will lend them any money.

They were lucky to pump additional north sea oil in the 80's (and peaked in mid 80's). Now that the oil is drying up, and international financial center is leaving London, what industry can replace these two gigantic source of income?

Ahhh I see you believe what you see on American owned and controlled TV! London was, is and will always be the worlds financial centre, much as US would want otherwise, they blew that chance, the world does not trust them with that responsibility, especially the muslim world.

If it was not for the fact that the world made the mistake of allowing the dollar to become the world reserve currency, and the further mistake of allowing Nixon to break from the gold standard, the USA would have been broke several times over, instead it prints insane amounts of money to bail itself out, the kinds of amounts that if it was not world reserve would have certainly had similar effect to Zimbabwe! So don't even begin to think you can lecture us about bailouts!!

The IMF is totally corrupt  tool of US foreign policy, with the US admitting on a leaked document that it gets about $1.60 dollars back for every $1 it puts into IMF because of the way it forces borrowing countries to restructure and allow access to american companies!

Our north sea oil peaked on the millenium (1999 I think) and still produces at about 60% of peak with new discoveries also. So at least get your facts straight.

For a tiny island of no particicular geographic significance we are still one of the worlds largest (6th I think) GDP's 200 years after empire. I would not like to bet on America even being ranked 200 years from now after it's 'peak'!!  And it certainly won't be the hub of world finance!! LOL

When bitcoin finally levels the world playing field, current leading players finance centers US and UK will be losers, it's inevitable.

[fdiini]

Ultimately, reserve currency needs to be either backed by either gold or military might.

Bitcoin has neither. It will useful for small/medium size foreign purchases to save conversion and transaction fee. Other than that, I do not see it being useful for any other purpose.

[Hunterbunter]

The only real threat to bitcoins are the double spending attacks. 100k per coin isn't unreasonable, but it's pretty safe to say most early adopters would have cashed out by then.

The thing about becoming rich through bitcoins, is if you have loads of coins and they become worth something, you can sell them to buy something else, but then you won't have any bitcoins any more.