21 million bitcoins - 11+ billion people - page 2.

ranggawulung

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Personally, I'm more inclined to believe that bitcoin will reach its peak in the price within 2-5 years, and therefore it either does not become, or replace bitcoin with more promising, safe and high-speed crypto-currencies. For example such as Bitshares. After all, as far as I know, bitcoin is 80% already collected. Cool

EMS-007

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Once reached its limited supply then Bitcoin will easily increased its price due to traffic demand! Wink

audaciousbeing

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Activity: 1330

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Quote from: Cutekittens21 on October 26, 2017, 12:28:33 PM

There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

When it comes to bitcoin it cannot be but said again that the amount of that 21 million is not mean for someone to have one. Even today with the amount of people we have in bitcoin, its not evenly distributed because while someone will have 10 bitcoins, someone might not even have up to 1 and by the time the population envisaged comes in satoshis becomes worthwhile.

Also, don't forget that with the amount of fork that we have out of the original bitcoin, it has increased the 21 million cap to about 84 million which if multiplied with the amount of hundred million satoshis in one, it then means that pressure on one bitcoin that would increase that price becomes reduced to a large extent.

Another factor to put into consideration is that we are assuming all we be trouble free to 2020 when the price will reach that when we all know in actual fact if cannot be all trouble free.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: btcprospecter on October 26, 2017, 04:56:07 PM

I think the question has to be what will 1 million actually be worth in 2140? If bitcoin gets to those sorts of prices the generations after us should do alright if we pass our bitcoin on.

The idea was that bitcoin price will increase in future and the cap only makes its easier for the goal. So in future population will increase and become stable at a certain rate. However the bitcoin will become more scarce. Those who own bitcoin today will pass them to their next generations. If they understand that in future bitcoin price will keep on increasing they will hold it and buy more. The future for bitcoin will be very profitable for the traders and exchanges and so I recommend people to buy and hold bitcoin.

Lucius

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Quote from: BillyBobZorton on October 26, 2017, 12:58:37 PM

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With the data you have provided about increase in the world population,it seems that bitcoin price would reach $1 million before 2100 itself.On one side bitcoin getting familiar to more people and on the other side,population exploding very high,definitely there would be a very big scarcity for bitcoins in future with people just holding their bitcoins and not willing to sell.

By 2020,it would reach $15k

By 2050,it may reach $100k.

By 2100,it may reach $1 million.

$100k for 2050 would be a failure. Exponential growth should bring us to $100k during the next decade, otherwise the adoption will not be fast enough for it to reach critical mass and stop any possible competitors in the future.

If we have trillions sitting on the blockchain by 2027 with a price of $100k, the liquidity will be too strong and any possible competing technologies will not get adopted even if they are better.

Trace Mayer is predicting $27k in the next 6 months and it's not even an aggressive prediction.

I totally agree with you,only 15k$ by 2020 is to low price and that would mean something was really wrong with BTC.So 100k$ in next 10-15 years is very realistic considering new halving 2020 and every 4 years after that, which will drastically reduce the amount of new BTC on market.

There is many who say that all BTC will be mined by the year 2140,but what is much more important is that around year 2032 almost 99% of BTC will be mined,so that 1% left to be mined actually does not represent any serious amount.

All this will be possible if BTC survive and continue to develop over the years.The price increase will only increase the interest of the public and new investors.

jagdeepjd

sr. member

Activity: 700

Merit: 251

Yes, but don't count on it totally.

You don not want to be that old guy who is all alone "hodling" bitcoins and never enjoyed life, Waiting for that moment when it is worth a million,

because there are other good cryprocurrencies too so the volume will follow towards them too.

4p0l4k4y

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Activity: 448

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3 years from now it could be around $20000. Why? Base on the trend of bitcoin from 6 years ago till this day. Its value increased to $6000 dollars and I guess it became so polular just 2 or 3 years ago. With this kind of trend Im certain about my prediction.

jekjekman

sr. member

Activity: 378

Merit: 250

Quote from: Cutekittens21 on October 26, 2017, 12:28:33 PM

There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

This is one of the best characteristic that bitcoin has it being with a fixed number of supply.
It is true that when bitcoin became widely used by the whole world it's price will exponentially grow,
and if bitcoin will really replace the use of all fiat currency in the world it should be priced at $10 million each
given that it only has a maximum supply of 21 million coin. Which will equate to $210 trillion in terms of dollars.

The only question is will bitcoin be the crypto currency that will replace fiat or another coin will be developed in the future?

zakero

jr. member

Activity: 364

Merit: 6

In addition to the statistics you provided, it is also worth noting that hundreds of thousands of bitcoin will be lost in the future when bitcoin owners die and there is no one to inherit those.

romecheo

full member

Activity: 476

Merit: 101

Bitcoin was designed to increase in value as time goes by. Don't you worry, everyone in this world can still have a portion of Bitcoin.

It was already anticipated by the developer. to make Bitcoin available to wide number of users it was broken up into units that go as far as the 8th decimal point.

There are 100,000,000 satoshi in a BTC.

Bitcoin units.

Bitcoin     BTC     1
deciBitcoin   dBTC   0.1
centiBitcoin   cBTC   0.01
milliBitcoin   mBTC   0.001
microBitcoin   uBTC   0.000001
Finney        0.0000001
Satoshi        0.00000001

source: http://bitcoinchaser.com/bitcoin-units-and-denominations

zarados

full member

Activity: 364

Merit: 130

Quote from: Cutekittens21 on October 26, 2017, 12:28:33 PM

There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

Actually, the limit of bitcoin is now below 21 million. Why? because we don't know how much bitcoin who already lost. If the bitcoin lost, it will no longer be included in the circulation supply. And the longer, the more the amount of bitcoin is lost without a trace. Losing private keys, delivery address errors, and other cases. This makes the bitcoin limit reduced. And I guess, bitcoin will not last that long, because the more days, more and more altcoins are emerging and offering added value than bitcoin.

Vannie12

full member

Activity: 630

Merit: 130

Well yes bitcoin has limited stock and I think that it's possible for another doubling in price but five hundred thousand dollars is just too high for a target. Even now I think it will be harder for investors to easily adapt bitcoin with its price right know. I agree with everyone here, I think about twenty thousand in 3 years is a possible target.

Catmony

hero member

Activity: 854

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When even 10% of world population will know about bitcoin or start storing their money in bitcoin than price of bitcoin can fly to moon. Currently less than 1% of people know or use bitcoin.

Limited supply + Increasing demand for bitcoin = Price to moon

mondobitcoin

full member

Activity: 686

Merit: 100

More and more people are interested to bitcoin and his world, because they think that can make easy money
The price is growing up, and in the future it can only grow and grow up

Unfortunately i don't think that i can live more than 100 years Cheesy

but 1m price for 2140 year is good

SladeBitBit

newbie

Activity: 3

Merit: 0

Well, this could be true, but at the same time think of it this way.

There's going to be a more and more limited amount of bitcoin. As this happens, the price will go up, as the supply will be too little for even if there was a little bit of demand and those who have bitcoin will be storing it, for example the miners, unless they just wanna sell.

Because of this, at the end of Bitcoins life cycle, everyone will want to sell to make profit, I mean, this could change but this is what I believe it will be.

And so, everyone will want to sell at this point. Causing the price to stammer since there is no demand, but only those who wish to sell. Nobody will end up buying.

Ending up with the biggest bitcoin price drop, ever, and permanent. However, beating this could be simply selling before the price hits its highest point.

But what could also happen is, bitcoin could get so rare it becomes worth so much, but the thing is, most people are using it as a get rich quick scheme.

And it's working, so, we'll see.

Regardless of what I said above, bitcoin is an amazing thing and it can be used to buy things, so, it's not like 'getting rich fast' is the only use of it.

Bittoshi

full member

Activity: 280

Merit: 100

The fix cap in supply is some kind of a price rise guarantee for BTC. The more people in countries of the 3rd world gain internet access, the more people will be interested in a deflationary currency because their fiat is not worth a lot and usually suffers a large inflation. So lets hope that they all will have some kind of education and an internet access and Bitcoin can fly to the next galaxy.

Kakmakr

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At the rate at which Bitcoin is forked and new Alt coins created, we might not even see people investing in Bitcoin BTC in the near future. Every fork or private Alt coin being developed by banks and governments, will decrease the investment in Bitcoin in the future.

Less demand = lower price

The question is, which flavour of Bitcoin would be the most successful in the future. < We added 2 within a year >

SvenBomvolen

hero member

Activity: 588

Merit: 500

I think that was the greatest strategy of Satoshi Nakomoto - the short number of coins and the greatest demand and the huge price in the final. I have heard an opinion that in the future Bitcoin will be used only for money storage, but for payments some other crypto-currency like Litecoin.

maydna

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Quote from: Cutekittens21 on October 26, 2017, 12:28:33 PM

There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.

The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.

If bitcoin truly does explode in popularity, think about this for a minute;

Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.

What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?

2020: 20k
2050: 100k
2140: 1m

as an ordinary people which don't following the growth of bitcoin in many places, it is difficult to say how much bitcoin price in the years 2020, 2050, 2140. but maybe i will predict bitcoin price in the year 2020, the price will be more than $10k because we are in the end of 2017 and we have 2 years more to 2020 and the price is reach at $5xxx. i think in the next 2 years the price will be increase too high like my predictions especially the team behind bitcoin will make many new innovations and there is many adoption in every where and this could makes bitcoin price is increase.

piloder

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Activity: 966

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My expectation would be;
10k by 2020 and it is hard to predict price of bitcoin after more than 30 years from now because as it is just a virtual asset which totally depends upon encryption. Also lots of other factors can affect the price of bitcoin at any point.

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