Quote from: muf18 on February 19, 2018, 11:52:41 PM

But thinking that extrapolating charts will make it isn't wise thing to think.
Why?
Because you must include volume. Do you know what volume must be to support 40K price, let alone 100K ?
Going from 10$ to 1000$, wasn't that hard when volume with 10$ was 100.000$, or maybe a million.
Just multiply it x30-x50, and it will make it there.
Now multiply price of current BTC price to volume (and it will require more, volume, because rising so exponentially it would make it selling pressure, even harder, because it's just unrealistic price for an asset, because still BTC is mostly used as a speculation vehicle)
50-100B$? Or more? And that's only for BTC. There would have to be like literally more volume than on the most of the stock exchanges, and that's just a really big and wishful thinking, especially seeing that when interest widen off - the volume is literally slummered, and is going down and down.
And a lot of volume is only bots trading, it really makes you think how much real activity is there.

BTW. - I wonder how mining would work - and would it consume energy not of a small state, at 100K, it would consume energy of a big country.
Inflating prices of GPUs also, and probably CPUs... Hell, you don't want to see it really, it would really messed up consumer electronics prices, badly.

But I can be wrong. Just makes you think it would actually drain volume from real stock exchanges into tokens world exchanging.
Wow, and it would be strange to see.

I don't really see what volume has to do with price. You just buy or sell a different amount of BTC. If the volume is 100M USD traded it doesn't make a difference if BTC is $1 or $100K the only difference is at $1 there's 100M BTC traded that day and at $100K there's 1000 BTC traded that day. It's divisible to 8 decimal places, we'll have to soon switch to talking in millibits.

The energy argument has been eloquently addressed by Andreas https://www.youtube.com/watch?v=2T0OUIW89II

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