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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 4123 times)
grantbdev
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July 14, 2012, 11:01:13 PM
 #21

2018

Don't use BIPS!
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July 14, 2012, 11:02:01 PM
 #22

2018
That makes me wonder if even the USD is even around by then  Cheesy

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July 14, 2012, 11:04:20 PM
 #23

2018
That makes me wonder if even the USD is even around by then  Cheesy
That makes me wonder if the US is still a sovereign nation by then.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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July 14, 2012, 11:07:38 PM
 #24

well said Wink

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July 14, 2012, 11:14:20 PM
 #25

I think it will hit 100 sooner than we think.  Gambling will play a big role in weather it happens or not.

Please advertise poker sites to your friends and family.  Smiley

I got a few people to sign up (that can really care less about how bitcoin works) and gave them a few chips .. now they are hooked and want more bitcoins.


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July 15, 2012, 12:06:32 AM
 #26

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

What time?

Geez, I'm not psychic, dude.
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July 15, 2012, 12:20:50 AM
 #27

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

What time?

Geez, I'm not psychic, dude.
yes you are

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July 15, 2012, 12:34:34 AM
 #28

uh oh, these threads again

(BFL)^2 < 0
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July 15, 2012, 05:58:41 AM
 #29

uh oh, these threads again

Yup looks bullish to me  Grin

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July 15, 2012, 06:30:52 AM
 #30

It will reach $100 when the demand is sufficient. So the better question is "When will bitcoin become mainstream?"

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July 15, 2012, 07:47:08 AM
 #31

100 USD/BTC is not at all an extreme prediction imho.
Let's say that it happens when there are 12 million bitcoin in circulation. That would make for a total market value of 1.2 billion USD which isn't even pocket change in the financial world. This is less money than the US spends on securing its oil supply (military) in 20 hours.

No one will take bitcoin seriously till it's a 10+ billion thing - I.e. the bitcoin price is well over 500 USD. Might never happen, but it needs to happen for bitcoin to become relevant.

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July 15, 2012, 07:52:38 AM
 #32

100 USD/BTC is not at all an extreme prediction imho.
Let's say that it happens when there are 12 million bitcoin in circulation. That would make for a total market value of 1.2 billion USD which isn't even pocket change in the financial world. This is less money than the US spends on securing its oil supply (military) in 20 hours.

No one will take bitcoin seriously till it's a 10+ billion thing - I.e. the bitcoin price is well over 500 USD. Might never happen, but it needs to happen for bitcoin to become relevant.

If all the bitcoins (lets say 12mil) were worth the same as all apple stock it would mean a bitcoin price of $47000.

$7.50 and $100 not looking so high with that in mind.

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July 15, 2012, 08:01:00 AM
 #33

uh oh, these threads again

Yup looks bullish to me  Grin

time to sell   Cheesy
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July 15, 2012, 08:57:41 AM
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It can't be, I'm a pig and usually get butchered but atm things are good  Grin

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July 15, 2012, 09:04:46 AM
 #35

uh oh, these threads again

Aaah yes, reminds me of the good old times about 14 months ago - up Up UP Cheesy
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July 15, 2012, 09:37:14 AM
 #36

uh oh, these threads again

Aaah yes, reminds me of the good old times about 14 months ago - up Up UP Cheesy

Wasnt Bruce who said "up up up"? lol

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wareen
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July 15, 2012, 09:51:17 AM
 #37

Wasnt Bruce who said "up up up"? lol

Indeed, I still have it in my ears when I think back.
It's certainly been a wild ride since then but the most exciting times are most probably still ahead.
donatello
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July 15, 2012, 07:00:51 PM
 #38

I posted this statement to betsofbitco not too long ago fwiw, for anyone who wants to gambool Lips sealed:

http://betsofbitco.in/item?id=470

"price of bitcoin will reach $100 USD before the end of 2013"

Deadline is mid-2013, so people can't soak up a sure thing when it's almost over, more incentive for early betting imo.
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July 15, 2012, 07:31:53 PM
 #39


My guess is that now there are a lot of people/teams, as ingenious and educated or more so than "Satoshi", who are working on even better p2p currency.
(Current "Alternative" p2p currencies, are simply Bitcoin clones, using the same basic concept of mining, etc.)

Since B still can't even come back to its record against USD, i think such a new currency is likely to be unveiled before 100 USD is reached.

If not, i think Bitcoin's value will be suppressed as the result of centralization in mining, full-nodes and exchanges.

If the governments decide to crack down on them, particularly the exchanges and other Bitcoin<>Fiat middlemen, it's difficult to envision 1Btc=100USD...
 

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July 15, 2012, 08:08:46 PM
 #40

It will reach $100 when the demand is sufficient. So the better question is "When will bitcoin become mainstream?"

Bitcoin trading for 1 BTC to 100 USD and bitcoin becoming mainstream are two very different things. I would not consider bitcoin "mainstream" until 1 BTC purchases 100 onces of gold not just a mere 100 USD.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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