1 bitcoin = 200k dollars - page 12. | Bitcointalksearch.org

lexuz

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Quote from: KennyR on April 20, 2016, 12:31:18 PM

Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

Yeah, its something very high and an unrealistic price to reach even if entire population use bitcoin as their primary source for their transaction as well regular purchases.

Perhaps it will be realized in a very long time hope the bitcoin as a tool of major transactions.

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Quote from: Enjorlas on April 20, 2016, 12:08:45 PM

and that's not even including all the less liquid assets like gold, stocks, bonds and real estate.

gentlemand

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Much depends on what it might become. I think there's more potential in the store/ transfer of value than as an everyday currency but that's just me. That being the case there's probably more potential for a large price.

apriyoni

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Quote from: Enjorlas on April 20, 2016, 12:38:45 PM

Quote from: KennyR on April 20, 2016, 12:31:18 PM

Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

Yeah, its something very high and an unrealistic price to reach even if entire population use bitcoin as their primary source for their transaction as well regular purchases.

In economics, M0 represents physical money such as cash and coins. The amount of M0 money supply in the world is around 5 trillion USD. If this money went into Bitcoin, 1 bitcoin would be worth around $250,000. And if you consider that M1 money supply is around 30 trillion, and M2 money supply is probably around 100 trillion, the numbers can get quite crazy.

The US debt is 20 trillion dollars. If that is represented by the bitcoin, the bitcoin price will be $1m each.

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Quote from: KennyR on April 20, 2016, 12:31:18 PM

Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

Yeah, its something very high and an unrealistic price to reach even if entire population use bitcoin as their primary source for their transaction as well regular purchases.

In economics, M0 represents physical money such as cash and coins. The amount of M0 money supply in the world is around 5 trillion USD. If this money went into Bitcoin, 1 bitcoin would be worth around $250,000. And if you consider that M1 money supply is around 30 trillion, and M2 money supply is probably around 100 trillion, the numbers can get quite crazy.

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Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

Yeah, its something very high and an unrealistic price to reach even if entire population use bitcoin as their primary source for their transaction as well regular purchases.

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Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

It has to happen, if Bitcoin lives for more than 20 years it has to reach around there, it will either be a lot or it will not be at all, that's what satoshi said ant it makes sense, its only 6 billion marketcap now, with a potential to absorb money from a lot of places eventually reaching a trillion dollars per marketcap, and hat's around 300k+ dollars per Bitcoin or more.

A lot of people making pessimistic long erm goal prizes are noobs that don't understand the potential.

BitHodler

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Quote from: Farma on April 20, 2016, 11:13:06 AM

I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

It will only change the financial system when governments are replacing it for their old (corrupt) financial system.

As long as that doesn't happen nothing will change. And I don't think it will ever happen.

So we will probably never find out what the real impact of Bitcoin on the financial system will be.

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I'm sure it would never happen, $ 200k is a number that is too much for bitcoin today, it can change the world economic system, although I do not understand how bitcoin change it all

boyptc

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Quote from: apriyoni on April 20, 2016, 08:02:20 AM

Quote from: gentlemand on April 19, 2016, 07:27:57 PM

Quote from: Olaf on April 19, 2016, 07:25:15 PM

$200k value wouldnt make sense lol.

Give us some properly laid out reasons why not other than just because you don't believe it. And the OP didn't mention 2020.

I think it is possible for the price to be around $5000 in 2020. That will be after good mass adoption.

$200,000 for 1 bitcoin I think is impossible even if we reach 2050 still bitcoin wouldn't reach that value. But $5k value would be possible after a few years. But still, we can't predict what will happen with bitcoin in the near future but if 1 btc would reach $200k then thanks to it we'll become a millionaire.

apriyoni

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Quote from: gentlemand on April 19, 2016, 07:27:57 PM

Quote from: Olaf on April 19, 2016, 07:25:15 PM

$200k value wouldnt make sense lol.

Give us some properly laid out reasons why not other than just because you don't believe it. And the OP didn't mention 2020.

I think it is possible for the price to be around $5000 in 2020. That will be after good mass adoption.

ElpadroBitcoin

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Quote from: Zubnin on April 02, 2016, 12:17:59 AM

Quote from: Kollor on April 02, 2016, 12:16:07 AM

1 bitcoin = 200k dollars? that's ridiculous.. we can't even cross the $500 this past months after the two big news dropped the price..If the price reaches that high, probably many of the hoarders would immediately dump their coins and the price would also automatically be dumped to a low price...So it might be possible, but might not be for a long time..

Yes, that's when Satoshi moves his stash... I think realistically around $1000 in 2-3 years, no more then that.

That will not happen so fast as you can see you see that the value is not high enough now you can see that the value is now stable for a long time.
And that can be bad for the most people because they want to make some profit with it.

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Quote from: zimmah on April 19, 2016, 06:50:52 PM

Quote from: Wapinter on April 19, 2016, 05:27:18 PM

As long as few people holds a lot of bitcoin,bitcoin price can never go beyond $1000,Almost 80-90% of bitcoin is owned by only few people including Satoshi,the rest have fractions.If bitcoin is distributed equally among lots of people,its price can reach $10000

Large holders benefit greatly from increased bitcoin value, so they won't crash the price.

on top of that most large holders are the inventors and exchanges or companies that rely on bitcoin to be successful. They won't crash the price either. And early adopters won't either.

And not to mention all those guys who bought lots of bitcoin early on but lost their wallets because bitcoin wasnt worth anything back then.

I don't see why having a few people hold a lot of bitcoin makes bitcoin worth less, it's simply not true.

Quote from: Rastanan on April 19, 2016, 04:14:40 AM

Quote from: Mr. Big on April 04, 2016, 01:34:02 AM

Quote from: Hazir on April 03, 2016, 06:48:43 AM

This thread speculation is taken from the pages of a sci-fi book. As far as I know Bitcoin will never reach $10.000 mark during our life time.
Don't get me wrong - I would love to see that amazing price grow, but please be more realistic about your assumptions of future BTC price.

Yeah that's right, though I am not losing hope, but after 2020, if $10,000 didn't happen, then I think the price would be staying this way for long, I love to see that price too, but with todays price movement, it would be even hard to reach $1000 by the year end... what more is the $200,000=1 bitcoin?

It is quite difficult for the bitcoin price to be $10,000 in 2020. But if the number of bitcoin users increases by 10 times, the price will be $40,000.

there aren't that many users yet, and in 4 years the amount of users can easily double or even double twice. That should have a large impact on the price.

yup i was very eager to see that wonderful prise rise, reaching 1000 dollars is tough this year but no hope that it will be 200k dollars, may be in future it can happen if bitcoin users multiply by 20 times.

gentlemand

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Quote from: Olaf on April 19, 2016, 07:25:15 PM

$200k value wouldnt make sense lol.

Give us some properly laid out reasons why not other than just because you don't believe it. And the OP didn't mention 2020.

Olaf

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$200k value wouldnt make sense lol.

So basically a holder of 2 bitcoins is already half a millionaire? Like what? lol.

$400k just like that.. and 2020 isnt that far away.. thats only 4 years.. lol.

richardsNY

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Quote from: Wapinter on April 19, 2016, 05:27:18 PM

As long as few people holds a lot of bitcoin,bitcoin price can never go beyond $1000,Almost 80-90% of bitcoin is owned by only few people including Satoshi,the rest have fractions.If bitcoin is distributed equally among lots of people,its price can reach $10000

Back in the days where the price reached the $1000 barrier for the first time the coin spread was even worse than now. And it still touched and went over $1000 at that time.

zimmah

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Quote from: Wapinter on April 19, 2016, 05:27:18 PM

As long as few people holds a lot of bitcoin,bitcoin price can never go beyond $1000,Almost 80-90% of bitcoin is owned by only few people including Satoshi,the rest have fractions.If bitcoin is distributed equally among lots of people,its price can reach $10000

Large holders benefit greatly from increased bitcoin value, so they won't crash the price.

on top of that most large holders are the inventors and exchanges or companies that rely on bitcoin to be successful. They won't crash the price either. And early adopters won't either.

And not to mention all those guys who bought lots of bitcoin early on but lost their wallets because bitcoin wasnt worth anything back then.

I don't see why having a few people hold a lot of bitcoin makes bitcoin worth less, it's simply not true.

Quote from: Rastanan on April 19, 2016, 04:14:40 AM

Quote from: Mr. Big on April 04, 2016, 01:34:02 AM

Quote from: Hazir on April 03, 2016, 06:48:43 AM

This thread speculation is taken from the pages of a sci-fi book. As far as I know Bitcoin will never reach $10.000 mark during our life time.
Don't get me wrong - I would love to see that amazing price grow, but please be more realistic about your assumptions of future BTC price.

Yeah that's right, though I am not losing hope, but after 2020, if $10,000 didn't happen, then I think the price would be staying this way for long, I love to see that price too, but with todays price movement, it would be even hard to reach $1000 by the year end... what more is the $200,000=1 bitcoin?

It is quite difficult for the bitcoin price to be $10,000 in 2020. But if the number of bitcoin users increases by 10 times, the price will be $40,000.

there aren't that many users yet, and in 4 years the amount of users can easily double or even double twice. That should have a large impact on the price.

Wapinter

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As long as few people holds a lot of bitcoin,bitcoin price can never go beyond $1000,Almost 80-90% of bitcoin is owned by only few people including Satoshi,the rest have fractions.If bitcoin is distributed equally among lots of people,its price can reach $10000

Sandroxa

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This would be nice but it is not happening any time soon. $200,000 is just to high for now we will have to wait a long time for the price to be that high. And even then we are not sure if the price will be that high.

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