When do you think BTC will hit 100,000 USD?
 

Given its rate of appreciation, I'm betting that in about 3 to 5 years we'll see BTC at 100K.

Agree?

I think it may depend heavily on the health of the exchanges. A little while back China said they might close bitcoin exchanges for that country and it caused the market to drop, but it has since rebounded plus. If a major country like the US bans exchanges it could derail it. Otherwise, I think it will continue to grow. I don't know if it will hit 100K but it will grow.

10k would be great 20 k would be better 30 even better.

2020ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ

if it keeps growing at +70% per month: next year March

(hard to imagine though - but one can hope)

hope it drop like a good shit at the toilet

What would someone do with a $100k bitcoin? Many people can't even afford a $100k house.

You jelly :1orglaugh

You don't need to buy a whole coin. And BTC is gaining value alot faster than a house ever could. And there's other crypto currencies besides Bitcoin that cost alot less.

your superior intellect shows over and over again

BTC @100k and let's say 15mil bitcoins mined by then, dictates a market cap of 1.5trillion $

Some will want to cash out...live the baller life...0.1% in that case is a billion $...just 0.1% at the same time...

You guys really think the exchangers have a billion? 0.1% is a very conservative figure considering the highly speculative nature of BTC...then there's the domino effect...

Just one wallet with 1000 BTC cashed out would bankrupt the whole system...

Bitcoin will be a crypto Blockbuster in a year or two. Ethereum and Blockchain is the way to go.

you still have not understood how this works

There are 1600+ people with over 1000 BTC...with BTC@ 100k just one of these 1600+ could decide to cash out...at any given day...the exchangers ain't got a billion...what part do I not understand?

Oh and that's just that one wallet...imagine the rest of the cash out requests that day combined...

price will hit 100k the day after I sell for $10,000. you guys watch my trade and then do the exact opposite, it's money in the bank.

the part you don't understand is that the exchangers are just facilitating the transactions between buyers and sellers - they don't have any money.

If I want to sell a bitcoin, i go and put it on the market for let's say $7000 right now. If somebody buys it - good. If not i need to lower my price until somebody does.

I cannot go to an exchange and tell them: here are 1000 bitcoin, give me $7 million. This is not how this works.

And yes, cashing out 1000 btc would take a while - probably 3-5 bitcoin a day cause most (all?) exchangers have daily limits

https://www.streber.st/forums/topic/...-out-bitcoins/

Disclaimer

This is the opinion of the author (Ayn Rand). Consult your financial advisor and/or economist and/or psychiatrist, prior to using, investing or mining cryptocurrencies and/or using electronic toothbrushes.

Bitcoin: Intrinsically Speaking

https://toughnickel.com/personal-fin...lue-Non-Debate

I don't use exchangers. I use localbitcoins. There are always buyers and sellers (like an exchange) dumbass.

Exchangers do have money for operational purposes...they do not like being without money because they have to install strict limits on withdrawal...this creates panic...the price drops even more... more panic...more restrictions...

Maybe localbitcoin has no money but the rest have and need it...even if they didn't have money it would be even worse...less buffer for the panic...

Make no mistake about this, a dump DOES affect Bitcoin...it is not immune...

who claimed this?

of course it would, just not as dramatic as you are trying to paint it

because it is completely unrealistic that the price would drop to zero without anybody wanting to buy on the way down

Just look at the current price and then imagine how many people would jump on the boat if the price would ever go down to $4000 from here - or even $2000. It would never go down to zero cause a lot of people would buy like crazy at that point.

but i still own bitcoinsarenonsense.com*-*This website is for sale!*-*bitcoinsarenonsense Resources and Information. - in case you want to express your feelings in public i'd sell it to you

So I would need to be a mathematician to buy/use it?

Most exchanges do the math for you I can log into coinbase.com and buy $300 of btc the exchange will do the mah for me

I'll have to admit I'm starting to wonder about the rapid rise of value in the past few months.

Is it the market simply moving towards Bitcoin's true value, just at an accelerating rate?

Or is it a bubble where the price is going up chiefly because of hype, and everyone thinks they can make a quick profit?

1st off, you're an idiot, for not researching or even reading, you made up your mind about crypto and that's that, = idiot

2nd, each exchange has limits of how much a person can transact per day. So nobody right now could withdraw 1000 bitcoin, that is much too high for 1 click to sell and withdraw all to USD. You would have to sell and withdraw each day the maximum allowed per exchange.

get over it man, you have lacked proper information on this subject, i still dont understand why you are like a child trying to converse with Harvard grads on bitcoin.

again, you obvioiusly dont know enough on this subject if you think need math skills, it's like if you buy something from a 7/11 for 50 cents, you just give them 1 dollar, and the cashier gives you 50 cents back , automatically ... so yes exchanges do the math for you

You can make an account, play around with numbers in your account (you dont even need to own any crpyto) and you can see how it works, to go sell, or buy, put in 1 bitcoin, you can see th e fee show up, etc etc

its not the exchangers that need to flash money money to buy bitcoins..ITS THE CLIENTS/ BUYERS - someone on the other hand of transaction...exchangers are just middlemen taking their % of each transaction...so basically they earn regardless if its goes up or down :winkwink::winkwink:

Polo:
"Withdrawal limit: $7,000 USD equivalent per day
Verify your profile to increase your limit to $25,000."

Coinbase:
"Weekly bank limit $50,000.00"

^^ examples

When it hits $100,000 USD and people quit buying and try to sell, where will the cash come from to pay the sellers?

the money would come from the buyers! Where there is a seller, there is a buyer, supply and demand, the price wouldn't just magically arrive to $100,000, it will arrive with demand, and low supply

wow I have learned so much from this thread...

speculative bubbles apparently do not exist...they are a figment of my imagination...you see as soon as the price drops everybody will buy buy buy...amazing!...I will now go and buy a stock that is sharply dropping and make easy money on the rebound...

also exchangers apparently do not need money....all those years I worked as an egold exchanger I was tripping...operational capital is for idiots....I will go tell all currency exchangers on the street..."guys, do not be suckers and hold money, just wait for one customer to come with a short, and then tell him to wait for another customer to arrive with a long"...amazing!...I wonder why they put limits on cash outs?...maybe its because they do not want to make TOO MUCH money in one day...in any case it has nothing to do with operational capital :1orglaugh:1orglaugh:1orglaugh



I needed bitcoin to pay for some dumbass social media accounts in bulk...I LOVED the convenience of it....having to jump through all them hoops to send irreversible funds to some russian LOL...LOVE IT...screw paypal and credit card...I HATE instant payments and not having to go through an exchanger and 1click payment and have buyer protection and transacting in a stable currency...HATE IT :1orglaugh:1orglaugh:1orglaugh

I can see the value in bitcoin because its SO convenient for business LOL...its like using regular mail instead of email...its the shit! LOL...from now on I will do business by mail...I will literally send letters by post :1orglaugh:1orglaugh:1orglaugh

Sounds like me :D

I think BTC will touch 10K by the end of this year.
100K? hard to say... if I have to bet i'd say by the end of 2019...

soon probably...

Some people still Believe in Santa Claus.

the problem on every cyber currency is that it can not be balanced with the number of goods you can buy.

bitcoin was originally limited to 21 million - if you multiply that by 100 k you end up on a value of 2,1 trillion - that´s not such a big issue if there would not be the other crypto currencies and the real existing money.

the error in this discussion is always the same that cyber guru´s argumenst are: even the printed money is just a believe. but that is completely wrong.
if you wipe out the value of real money HOW can you give a value to crypto currencies?
if the real money would not have value the crypto currencies are just data and nothing else.

so crypto CAN NOT exist without the value of this real money.

and now we are at the REAL point.

if you add the value of all existing real money (what is at the moment at around 126 trillion) and add to that the value of ALL cyber currencies and assume that bitcoin will possible not be limited on 21 million anymore you reach a number of money what is much higher as the value of all goods produced in the world.

so what happens when there is more money in the market as goods?

correct ! the money will lose it´s value because it is REPRESENTING the value of production and services.
this number of production and services MUST be balanced with the value of existing money. and THERE is the thinking error.

with other words: it IS indeed possible that bitcoin reaches this 100.000 or even more but it can happen that you can buy a hot dog with french fries for this 100 k.

I made a good decision when I bought coins from Coinbase!

They've had 100,000 new signups this Fall.

I bought BTC, ETH, LTC. BitCash after Nov 16.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh
you seem to be stuck in XIX century with that thinking. or in 1930- something max.
Look what central banks do and how they "regulate" capitalist economies... The beauty of the Bitcoin is that you CAN'T have it more than 21 milion. thats the principle of it. So the supply = limited and stable.
" assume that bitcoin will possible not be limited on 21 million anymore" - what you talking about ? thats the principle of Bitcoin - its just setup in the rules of it. like 2+2=4. you cant have more of it than 21 mln.

The fallacy of this 21 million unit limitation is who enforces it? The Bitcoin Commission? Bitmain the miners equipment source? Self regulation of the market -- that's a good one.

Eventually, a world body may issue a cloned digital currency that is regulated and transportable across international borders. A globally recognized currency.

This may be the biggest beta ever and one that will be supplanted and fade into an obscure pirate and financial sanctioned person's method of exchange -- what will Bitcoin be worth then?

^^ digital currency that is regulated and transportable across international borders. A globally recognized currency. That is an idea whose time has come. This will facilitate world commerce and advance civilization. This is the good I see in all of this rather than short time profit in speculation.

If each national banking system issues its own digital currency that is just a more centrally controlled 'paperless' system.

If you are in Europe or Asia what the US FED does matters little to most people -- they have their own national or regional central banks that may do the same thing. Building walls (barriers) to free trade.

please read more about BTC and other cryptos and later post. 21 mln is just 21 mln, IT'S THE MATH. like 2+2=4. Principles of bitcoin lay in math and 21 mln is one of the rules of it. You just cant make more bitcoins.

As for "global recognized crypto" - well currently there are few dozens cryptos. Just some of them provide users total anonymity and privacy (BTC IS NOT one of them). What you are saying is the wet dream of every bankster, and every NWO agenda out there. Global currency without privacy, easily traceable and easily removable, "regulated" by some crooks in some governments - I'm sorry but only old farts can fell into it. The principles of most (if not all) cryptos are totally different and opposite.

please understand the rules of man v. the laws of nature^

what can i say - you refuse to understand how bitcoin works - and sometimes it makes no sense to keep trying to explain something to somebody who will not listen

no i am living in the right century and believe me that i know what i am talkig about because this is part of my professional skills.

what are yours that you talk so professional as paul markham who wants to explain me how economy works every day ?

bullshit - why do you think the governments of this world did not simply forbid bitcoin yet?because they WANT this inflation it will cause.

how do you think a country like USA can ever pay the depts back if not by making 20 trillion a monthly tax income? they are interested a lot that money loses value because they can pay back their depts because the deptzs are in US dollar, YEN and ?uro and not in bitcoin.

i think you do not know much about economy as most of the bitcoin believers (except some big speculators. and in their hands is it WHEN it will crash.

you seem to be bad informed. it is nothing sure because the bitcoin community is already seperated in different directions. it is either not sure that bitcoin will be permanently limited nor if there will be a second bitcoin ("bitcoin gold" is already in the discussion).

bitcoin and every other crypto currency have only one value and this is the believe of the users that you can change it in REAL MONEY. and if real money looses value bitcoin will automaticly loose too.
just go to a bank and ask them if they change your money in real currency and after that you can ask any government in the world if they will do it - you will be astonished that you have only a big bulk of data in your hand.

it does not matter how many US you get for a bitcoin at the end - it only matter how much you can buy with this equivalent of REAL money.

i think you should first study WHAT money is and than you would possibly understand what i mean.

exactly - at least one who understand how money works.

what bitcoin have done EVERYBODY can do.

we can print out own money as much as we want ans as long one give products or service for it all is fine.
but as soon when it comes to exchange into any other currency there have to be more as just a believe.

something similar is existing in switzeland since 40 or 50 years already and it is called WIR.
but behind WIR is an idea and a value and not just a believe and this is why it still works.

now please explain how "real" money is created, how it is backed, and who basically controls it...and why its better than bitcoin :1orglaugh:1orglaugh:1orglaugh
Im pretty sure that all central banks have your golden rule of not giving more money than products on mind, when they started to pump bilions of euros, dollars, yens, pounds and so on out of thin air, just to pump (only) the stock markets..(and other commodities too - like BTC for example) :1orglaugh:1orglaugh:1orglaugh:1orglaugh
also, not sure how you define "products" ? XIX century fabrics and steel ? Do you realize that huge portion of USA economy is "virtual" as its created by financial services and banks ?
and now take bitcoin (and most of other cryptos too) - pure MATH rules, no bullshit crooks, and LIMITED supply of 21 mln (BTC), that wont change. other crypto currencies - some of them have also limited supply (also defined by math = unbreakable and unchangable),and other some of them have even set limited (and desired) stable inflation rate...

BTC has the same "value" as "real" money, gold, diamonds and shit. You cant eat it, you cant live in it, you can't drive it, you can't drink it...
yet, when people will give value to lets say, gold, diamonds, paper notes of money and BTC - it suddenly has its "value". and this is what its all about.
talking about "producing" money because it shows how many products are created - dude, its not XIX century anymore. even not XX century. monetary system is going down, thats the last decades of it...you cant produce more and more credit endlessy and this is what is about in current economy...good luck if you call that "real" money.

hello mr xix century :1orglaugh:1orglaugh:1orglaugh

http://static2.businessinsider.com/i...itcoin-atm.jpg