9 reasons Bitcoin could hit $100,000 or more

in #bitcoin7 years ago

Hey Guys ,
Today I read Article and Mention All Reasons Thats why Bitcoin Possibility to hit $100K in next 2 or 3 Year .

Wall Street at its worst. Speculation has driven prices of the crypto currencies out of control. There is no added value that they contribute.

9 reasons Bitcoin could hit $100,000 or more ( based on Forbes article )

📌 Limit to 21 million bitcoins. Having it be harder to mine, along with a limit on how many can be created, makes the supply side come into play.

📌 Lost keys. In fact, total amount of bitcoins is even less than 21 million. A huge number of CC keys is already lost forever, which also lowers the supply.

📌 Network effect and media exposure. More and more people learn about crypto-currencies and enter the market.

📌 Large investment firms lend credibility. Significant financial institutions wouldn’t be putting resources and people into CCs if they didn’t feel they weren’t viable.

📌 It’s getting harder and costlier to mine. If mining costs increase it could slow down how fast new Bitcoins are created which would put a damper on its short-term supply.

📌 Hoarding of Bitcoins could occur as their owners expect their value to increase. While this could limit the supply of Bitcoins this can occur with any asset.

📌 illegal activities. Since Bitcoin users can remain anonymous and can work from anywhere in the world, this could lead to an increase in demand for them least at the margin.

📌 Bitcoin has started to gain traction with people who live or send money to countries whose governments they don’t trust such as Zimbabwe or where inflation is very high, for example Venezuela.

📌 FOMO or Fear of missing out. Investors don’t want to miss out on the next big thing and to a degree also want bragging rights that they own Bitcoin.


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Thank you ! @askquestion

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The question is which one would be "real" Bitcoin​ :D

There is only one giant on the crypto sky:
Bitcoin
In the shortest time now the fees will fall extremely and the transaction speed massively increase. Then the Bitcoin is suitable for everyday use again!

hhahah brainwash​! Bitcoin cash would be everyday use bitcoin! :D

Bitcoin only has to add one digit two it's five.

hodl my friend

Yeah Still hold my All coins for 1 Year :)

Imo opinion, there's 2 ways Btc can go.
1/ It doesn't change or manage to follow up with the competition (so no SegWit 2, no Lightning System), and it survives as a Gold-Index, not as a payment method
2/ It manages to update and keep up with the competition, and becomes more reliable, fast and efficient, and becomes the "Basic" (which it already kind of is, but not when it comes to the circulation of Daily-transactions).
Imo, Bitcoin would have lost its dominance a year ago if it wasn't for its name, which is now linked to the entire Crypto game. I'm pretty sure more people know of all THIS when referred to as "Bitcoin" rather than "Crypto-Currencies"

this is a great post,,
I feel soo optimistic bro,, that means a fraction of BTC will cost a lot in the near future.
keep it up.

Thank you Buddy .

i really like your post and i enjoy it very with all post 👍

Thank you .

you're right .am also sure bitcoin will become a long trusted store of value,in time to come,

it can be .but that's just because bitcoin is mainstream .if u look at digibyte much faster and cheaper than bitcoin i hope this wil go moon 2018!

may be i dnt have any DGB :)

now is the time to buy some! @ only $0,056343 www.digibyte.co

Hi,
since the lightning is in full swing, I think that we will soon see a trend upside and in the short term, maybe even see the $ 20,000 again. I believe that we will see the 50K-100K in the next 1-2 years.
One can only advise everyone:
hold and buy at a decline !!!

Lol could yall imagine the insane pull back after it hit 100,000. It would drop to like 50 60k and everyone would loses there mind (the world is ending) (the bubble poped) (thanks Obama)