Quote from: zimmah on September 11, 2016, 09:32:12 PM

Quote from: BitHodler on September 11, 2016, 08:27:57 PM

Quote from: zimmah on September 11, 2016, 08:23:22 PM

Quote from: BitHodler on September 11, 2016, 05:14:33 PM

Quote from: Ayers on September 11, 2016, 04:35:19 PM

Quote from: outatime1 on September 10, 2016, 12:31:43 PM

There is really no limit on where the price will go. It could take 20 years, but I don't think $5000 per bitcoin is impossible. In fact, we've already seen the price go over $1000 a couple of years ago.

yeah but that was fake, was made artificially high with a scam system and a bot, from chinese, i don't think it's that easy to reach 5k, which is x5 higher than the last ath

The way the price reached the all time high back then so easily, has made a lot people think it's possible to happen once again.

They don't know how much money and effort is needed to get the price to reach $1000 again.

It's much better to focus on the price to increase per $100 at a time instead of directly speaking of a new all time high.

sigh

https://bitcointalk.org/index.php?topic=1529963.msg16217771#msg16217771

What sigh... Is it not clear enough what I have said or do you think I am totally off side with what I was saying?

An explanation would be nice since I am quite right with what I have said.

sigh because you guys keep repeating the same false logic over and over.

yes, we need more dollars for the price to increase the more bitcoin there are, and the higher the price is, the harder it becomes for it to go even higher.

But what you are forgetting is that userbases tend to grow exponentially, as shown in the post I linked.

Look at the adoption of ANYTHING and you will see exponential adoption.

And that effect only gets magnified by Metcalfe's Law https://en.wikipedia.org/wiki/Metcalfe%27s_law

Because of these two things, you'd expect the price to rise as an exponential function of an exponential function, which is exactly how the price has risen in the past, each and every time.

And it will continue to do so until we have reached the ceiling of user adoption, and as far as 'm concerned, we're not even close to the ceiling. As I expect bitcoin to be used by at least about a billion users. So we have a long way to go still, and it won't take decades to reach it.

Lol this is speculation thread, what would you expect? No need to argue here because all speculation is wrong until proven or vice versa. Anyway I agree that there is a mass adoption of bitcoin so seeing 100 USD is far from happening. But seeing Bitcoin at 1k USD is far from happening too. Though both would possibly happen, but it depends on what will happen next.