Quote from: mastadonballs on September 03, 2017, 06:29:57 PM

Quote from: Vaskiy on September 03, 2017, 02:12:28 PM

Quote from: jk_14 on September 03, 2017, 10:22:16 AM

Quote from: deisik on August 17, 2017, 06:48:14 PM

Quote from: iamTom123 on August 10, 2017, 10:50:08 AM

Quote

Harvard academic and bitcoin investor Dennis Porto believes that, given a few years, it will soar far higher than either of those predictions. In an interview with Business Insider UK, Porto explained that the bitcoin price could reach $100,000 per coin in February 2021 if it follows Moores Law, one of the so-called golden rules of digital technology.

According to Porto, rapidly growing technologies have a doubling time, meaning that their effectiveness doubles within a consistent, repeatable timeframe. Traditionally, Moores law has been applied to computing technology, but Porto says that the bitcoin price has thus far followed the trend by more or less doubling every eight months throughout its history.

Assuming bitcoin continues to follow this golden rule in the near-term, Porto anticipates the bitcoin price will extend beyond $100,000 by February 2021. Using the current BTC supply for simplicitys sake, this would give bitcoin a market cap of about $1.65 trillion. Needless to say, a $100,000 bitcoin price would thrill todays investors, assuming they have the fortitude to resist the temptation to sell them.

Source here (the full newsarticle).

I am posting a part of this article here because I am sure that many would be excited to hear about this. So there is a basis for the doubling of value for Bitcoin and Mr. Porto refer to it as the Moore's Law. I am sure that many Bitcoin holders would be happy to know that in 2021 the value can be so high. This can embolden people to hold to their coin and to add more Bitcoin to their arsenal. Never give in to the temptation of selling since the present value is just actually the tip of the iceberg

Bitcoin may surge high

And as high as 100,000 dollars per coin in fact, but that would have nothing to do with Moore's law. The latter is about technology and technological development, and it had solid grounds for its relevance (until recently, at least). If anything, Bitcoin price rise has to do with explosive adoption but the latter is more about medicine and epidemiology since this is how contagious diseases spread out. Anyway, we have already seen Bitcoin price grow 4 times within mere 8 months so Moore's law has already been massively broken

Bitcoin is a technology in a sense. Blockchains in general are pretty much going to follow Moore's law for as long as they live. Keep in mind that Moore's law still largely stays Moore's law if you have different growing coefficients. The underlying message is growth through development.

Yes, growth happens when the development happens in one form or the other. Blockchain technology is making an advancement in the entire economic system prevailing throughout the world. Here when the adoption happens large scale the chances of bitcoin reaching $100k increases.

Big company like Microsoft are joining to this field and they have been announced about their platform use blockchain technology will support businessman in 2018, or even earlier schedule is in this year.

Since bitcoin is growing i think microsoft will release a news about accepting bitcoin as their new payment method ..
And the other like amazon if it will accept bitcoin as payment bitcoin will getting more impressions and more people will be interested to use bitcoin since the price of bitcoin is not stable they will interested of using bitcoin instead of using fiat..
And hope to see more progress about bitcoin and see bitcoin will be growing more in the future.. for now as i can seen we are growing and bitcoin is getting trends not only in google search. .