Quote from: jubalix on December 11, 2017, 11:28:01 PM

Quote from: jjacob on December 11, 2017, 10:18:00 PM

Quote from: eminemcookie on December 11, 2017, 10:04:01 PM

Quote from: yenimailb on December 11, 2017, 09:37:17 PM

Bitcoin price could exceed $100,000 by 2018, says trader
https://www.youtube.com/watch?v=UTeX1HW--4Y

What do you think?

He could be right, 100k isn't a huge jump from where we are right now, it may seem like it is a long way away but it's only 6x the price. 50k Will be a big hurdle to overcome and then 100k. The question really for me is, will bitcoin crash before reaching 100k. I do not see any scenario in which the price stays stable under 100k. It will either reach 100k or it will crash beforehand but if it doesn't crash in the next 1-2 years then 100k will happen almost for sure.

A 6x jump in any asset class is a huge increase. You should also note that Bitcoin's price has increased by 15x this year. Lightning usually doesn't strike twice at the same place in quick succession.
These kind of sound bites give the trader some quick and cheap publicity, nothing more.

Bitcoin has an attribute of an asset class, but its not an asset class.

It's more like an uptake curve.

can the internet be take up/joined by 6 x more people in 1996, you bet.

Lightning doesn't usually but it's not impossible, isn't it fitting how lightning is going to vastly improve bitcoin. The point about the uptake curve is exactly why I see bitcoin either reaching 100k or crashing, I don't see there being any inbetween, we have in no way reached bitcoins full potential, so we either reach that and we will see a price over 100k or we never reach it and the price will fall.