Re: Why bitcoin will hit 100000$/BTC in 2014. My conspiracy theory
Wall Street could push Bitcoin over $100k. Bitcoin went 100x in 2013, why not again in 2014?
Fairly simple actually, stocks don't grow exponentially after a certain point, it just isn't feasible. XBT increased its market cap in one year by ~10B. Which was a great feat. But for XBT to increase 100x again, the market cap would have to increase from 10B to something with way too many zero's on it in one year.
Can it get there eventually? Who knows. A LOT of factors have to fall into place for that to happen.
[1] BTC is not a stock, when will you stock people understand this,
do you understand that no one made money selling stock/buying them? All you do is swap around existing fiat, that is gov controlled by basel III CCR, through FRB.
[2] In here (the BTC forum) it looks like everyone knows about BTC, out there, look around, I can go to any public area, shops, beach, park, and everyone I see, 10 000's of people, none of them know about (in any actual detail) and less, 1/100,000 have btc.
[3] BTC is an S curve uptake event, that will likely go faster as it gets bigger until it reaches saturation, like email, microwaves etc. The saturation point is some where in the xx trillions. The only question that remains it what share of the pie will BTC, vs LTC, PPC, NXT, EMUNIE and
[4] Wealth will flow to whatever entity legalises/ uses BTC Since Singapore Denmark, Germany have legalised BTC capital will flow to them, the city of London, will also come online, which operates as a power unto itslef, with thousands of years of history. Where there money to be made the City will do it. Thats why it does +1.3 T forex a day.
BTC can fork to tech that it needs, has a competent dev, and network effect, but you never know.
[1] OK, I'm a stock guy. I'm giving the benefit of the doubt calling XBT a stock. Ok, lets go currency. What's the daily maximum value you've seen a currency go up? Ok, maybe a commodity? How much does gold move? XBT acts more like a penny stock (yes, not anymore) than anything else currently on the market so refer to it as a "stock".
[2] That still $100B in -new- money needed to get to 10k...
[3] BTC is a -possible- S curve uptake event. So far. But there is enough negative news that can effect the price more than the actual fundamentals.
[4] I've actually posted about that in another post. There will a country that fully embraces XBT. It won't be US, Russia, China, etc. It will be a somewhat smaller country with a very inflated currency. Money will flow into that country. I think that is the best bet for XBT exponential price increase.