Quote from: deisik on September 02, 2017, 12:21:25 PM

Quote from: thecodebear on September 02, 2017, 11:24:45 AM

Quote from: deisik on September 02, 2017, 11:13:16 AM

Quote from: thecodebear on August 31, 2017, 09:07:15 AM

Only the first of your two conditions needs to happen for bitcoin to be $100k. If bitcoin reaches an audience of 10% of population (700 to 800 million) by 2021, which is certainly possible, that alone will raise it up to the $100k range. There doesn't need to be anything more than just normal fiat inflation. If there is for some reason a drastic fiat inflation, which I don't see why there would be, that's how we could have bitcoin be worth several hundred thousand dollars in a few years

If ifs and ans were pots and pans

Your arithmetic is simple (if not to say, primitive), so there is little chance the numbers it produces could happen in real life. First, there is no consistency in the Bitcoin camp itself, and now we have two competing Bitcoins (yeah, I know that one of them should be properly called an altcoin). And in just about two months there can be one more Bitcoin (though its fate or even its emergence as such hasn't yet been decided). Apart from that, there is the world of altcoins which are ready to take Bitcoin's throne if it is gonna fail or just show weakness

Well we are talking about the future so everything is "if", unless you can see the future!

My point was it is pretty straightforward to see Bitcoin going to $100k, just needs to continue on its current course for a few years without any catastrophes and it'll hit $100k.

And no, there is not a single altcoin ready to take bitcoin's throne hahaha, that's why they are called altcoins. And who cares about altcoin forks of bitcoin?! Bitcoin cash was created and bitcoin went up by $2000 in the following month! Bitcoin cash didn't even put a scratch in bitcoin

How do you know that?

We don't know what Bitcoin price would have been if Bitcoin Cash hadn't been sticking around the whole month. It might have been over 6,000 dollars per coin by now. Anyway, altcoins are massively surging these days, more specifically, Litecoin. It could easily break the 100 dollar mark now, and if it is able to show consistent profits people will start switching from Bitcoin to this coin. This is what I have been telling, i.e. Bitcoin is best simply because it is more profitable that the rest of the pack over long enough timeframes

I mean bitcoin still surged immediately after the fork. Your doom and gloom forks will destroy bitcoin didn't happen as an immediate huge bull run occurred immediately after the fork. Yeah litecoin almost reached $100. big whoop. bitcoin almost reached 50x that price! bitcoin is the crypto everyone talks about. bitcoin is what investors want to get into. bitcoin is what was made a legal currency in japan and other countries are considering it. bitcoin is what tons of news stories are being written about on a daily basis. altcoins, including litecoin, are exactly that, just altcoins. They're nice to make some money off of since they are tiny in comparison to bitcoin and so can go up at a higher percentage for a while. bitcoin is THE cryptocurrency. That is incredibly obvious. Litecoin is no different than any other altcoin - something you bet on to make some profits and then move back into the main coin that is on the track to mass market: bitcoin.