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Question: When will bitcoin hit $100?
Never - 13 (7.5%)
Within 1 year - 42 (24.3%)
Within 2 years - 54 (31.2%)
Within 5 years - 36 (20.8%)
Within a decade - 16 (9.2%)
Greater than 1 decade - 12 (6.9%)
Total Voters: 172

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Author Topic: When will bitcoin hit $100?  (Read 4130 times)
BrightAnarchist
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July 14, 2012, 01:20:51 PM
 #1

What say you??
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ElectricMucus
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July 14, 2012, 01:47:20 PM
 #2

Does it really matter?

Shouldn't it say something like 3 OZ of silver?

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July 14, 2012, 01:57:56 PM
 #3

I would say within 5 years. 
BrightAnarchist
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July 14, 2012, 02:58:04 PM
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I would say within 5 years. 

That was my guess as well, but I've been wrong before.
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July 14, 2012, 03:21:00 PM
 #5

It'll hit 100 when all of the Bitcoinica customers get their funds back.
Bro
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July 14, 2012, 03:28:12 PM
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if it doesn't get exploited before.. which is likely, I'd say within 5 years
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July 14, 2012, 03:32:53 PM
 #7

Greater than a decade, if it lasts that long.
ElectricMucus
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July 14, 2012, 04:15:09 PM
 #8

It'll hit 100 when all of the Bitcoinica customers get their funds back.
haha

not that funny.

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Hexadecibel
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July 14, 2012, 05:08:28 PM
 #9

Greater than a decade, if it lasts that long.

oh you...
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July 14, 2012, 05:20:29 PM
 #10

I think the definition of a bitcoiner is "a person how wishes he could free himself form dept slavery that is the bank's fiat system.  He pushes the idea to everyone around him, not motivated by greed but by the prospect of finical freedom. Bold and fearless the bitcoiner transfers his wealth into bitcoin, hoping to see the day where people around the world stand together and cause the long over due finical revaluation"

Its going to take a lot of time for people to realize that their even is a problem, and a need for something like bitcoin. people need to wake up, and that will only happen with a disaster... lucky for us the banks have been planning such a disaster almost a century, as they make their final moves to OWN us all, bitcoin will be the peoples beacon of hope.

end of inspirational ramble    Cheesy

Hawkix
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July 14, 2012, 05:30:10 PM
 #11

Chances are generally very low for 1 BTC = $100. Unless the dollar goes nuts (which, in fact, has high chance) ...

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Let's talk governance, lipstick, and pigs.


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July 14, 2012, 05:32:42 PM
 #12

It's not so much when Bitcoin will hit $100, but when $100 is only worth 1 BTC.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
adamstgBit
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July 14, 2012, 05:41:51 PM
 #13

It's not so much when Bitcoin will hit $100, but when $100 is only worth 1 BTC.

if bitcoin can prove to be a powerfull weapon against inflation, its game over and bitcoin comes out the winner  Wink

wareen
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July 14, 2012, 05:59:47 PM
 #14

Chances are generally very low for 1 BTC = $100. Unless the dollar goes nuts (which, in fact, has high chance) ...
I honestly don't think so - even all the political and philosophical aspects aside, Bitcoin has the potential to be one of the most efficient online payment systems. Within the next 1-2 years I expect the scalability issues to be solved and some more advanced features to be implemented. Together with many new competing Bitcoin payment providers similar to Bit-Pay who enable cheap and easy integration for merchants who still want to get fiat, Bitcoin is pretty much bound to reach a non-negligible market share in the realm of online/mobile/micro- payments. To facilitate only 1% of those huge markets would require one Bitcoin to be worth > 100 USD. Add in some speculators/investors and you'll get there even faster.

Of course there's all kinds of possible roadblocks (mainly increasing regulatory intervention) but so far Bitcoin has turned out to be very resilient even in really rough times and it may well turn out to prevail against even more serious attacks.
Roger_Murdock
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July 14, 2012, 06:27:52 PM
 #15

Bitcoin will cross the $100 threshold on February 5, 2013.
BrightAnarchist
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July 14, 2012, 06:34:14 PM
 #16

Bitcoin will cross the $100 threshold on February 5, 2013.

Now that's a prediction!
BoardGameCoin
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July 14, 2012, 06:37:46 PM
 #17

It's not so much when Bitcoin will hit $100, but when $100 is only worth 1 BTC.

I disagree strongly: the bitcoin economy is nowhere near the breadth or maturity of the USD economy. If it was, then we could talk coherently about the value of the dollar denominated in bitcoin. However, as it is now and for the near-term future, bitcoin's value is primarily determined by its exchange rate against the dollar, euro, or other currencies. If there was anything close to parity between the amounts of goods and services available for e.g. USD or EUR and bitcoin, then we could say something like '$100 is only worth 1 BTC', but not until then.

During this phase of bitcoin development, the gap between a speculative digital commodity and a full-fledged distributed digital economy needs to be bridged. As long as bitcoin is more accurately described as a digital commodity, it's more coherent to say that the price of bitcoin fluctuates against the dollar than the other way around.

All that being said, it be pretty sweet if we ever get to the point where we can talk about USD losing value against the bitcoin, but we won't be there until BTCUSD is at least $10,000. And there's a real chance that won't ever happen.

As to the topic post. I think bitcoin will pass $100 within the next two years, I'd put my guess around August 2013.


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For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
cbeast
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Let's talk governance, lipstick, and pigs.


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July 14, 2012, 06:53:15 PM
 #18

Something's gotta give. They are running out of financial sectors to inflate. Eventually, the currency itself is going to bubble and pop. Either the dollar will be re-issued at 10:1 to pay off the national debt, or they will just have to run the presses to keep government and debt going. Either way Bitcoin will be worth 10x what it's worth now.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Blind
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July 14, 2012, 08:01:07 PM
 #19

Bitcoin will cross the $100 threshold on February 5, 2013.

What time?

Government is not the solution to our problem. Government is the problem. -- Ronald Reagan
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July 14, 2012, 09:35:31 PM
 #20

Greater than a decade, if it lasts that long.

+1

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