Topic: $500,000 per Bitcoin, baby. The math behind it. - page 14. (Read 23674 times)
ok, 700,000 BTC were stolen from MTGox. So are they actually spendable by the hacker or are they now just lost to the world. I can understand wallets being encrypted, but why aren't individual BTC encrypted with the owners private key so that a stolen BTC is worthless unless the owner unencrypts it first.
To stick with reality, 50k per coin is the sane boundary, beyond that, bitcoin marketcap would be 1T+ where the government territory is. Although it's possible, but I can't really imagine what the world would be when that happens.
Hi,
This sounds reasonable but for price like 5000-10000 per coin. Half a million for one BTC is like in year 2200
Yeah sure when you are grandpa you will tell to your kids the story about BTC in your young days, but be more realistic now
We will see even a price drop the next weeks so hold.
BR
Gondel
This sounds reasonable but for price like 5000-10000 per coin. Half a million for one BTC is like in year 2200
Yeah sure when you are grandpa you will tell to your kids the story about BTC in your young days, but be more realistic now
We will see even a price drop the next weeks so hold.
BR
Gondel
I will stick with my guess of about max $5,000 per bitcoin, but just for fun:
Let's say that Bitcoin becomes the dominating currency in the world with a 90% market share.
"How much money exists on Earth? ... That figure is around $60 trillion." -- http://gizmodo.com/5995301/how-much-money-is-there-on-earth
Price per bitcoin = 0.9 * 60x1012 / 21,000,000 = $2,570,000
Let's say that Bitcoin becomes the dominating currency in the world with a 90% market share.
"How much money exists on Earth? ... That figure is around $60 trillion." -- http://gizmodo.com/5995301/how-much-money-is-there-on-earth
Price per bitcoin = 0.9 * 60x1012 / 21,000,000 = $2,570,000
If big companies like Walmart and Amazon started to accept Bitcoin then maybe the value will go much above $5,000. It would be interesting if Bitcoin could force the big companies because of public demand. Another big boost would be Bitcoin in Google Wallet and things like that.
I don't think the value would go up by that much unless many people start spending their coins on amazon.
If Amazon would accept Bitcoin without people using it, sure that wouldn't do much. If Amazon was forced to accept Bitcoin because of public pressure and demand, then that could get really interesting.
It'll be a long time if ever that they'll be 'forced' to accept it. Bitcoin is a long way off for weilding that sort of power, though maybe they could lose business to competition and lose out on the free advertising.
If big companies like Walmart and Amazon started to accept Bitcoin then maybe the value will go much above $5,000. It would be interesting if Bitcoin could force the big companies because of public demand. Another big boost would be Bitcoin in Google Wallet and things like that.
I don't think the value would go up by that much unless many people start spending their coins on amazon.
If Amazon would accept Bitcoin without people using it, sure that wouldn't do much. If Amazon was forced to accept Bitcoin because of public pressure and demand, then that could get really interesting.
I love math, expecially when it says that the bitcoin will be valued so high
Except this isn't really based on any solid math, just speculation.
I love math, expecially when it says that the bitcoin will be valued so high
If big companies like Walmart and Amazon started to accept Bitcoin then maybe the value will go much above $5,000. It would be interesting if Bitcoin could force the big companies because of public demand. Another big boost would be Bitcoin in Google Wallet and things like that.
I don't think the value would go up by that much unless many people start spending their coins on amazon.
If big companies like Walmart and Amazon started to accept Bitcoin then maybe the value will go much above $5,000. It would be interesting if Bitcoin could force the big companies because of public demand. Another big boost would be Bitcoin in Google Wallet and things like that.
The founder of Coinbase said that even though people mostly trade with bitcoins today as an investment there are incentives to use Bitcoin for shopping. He could be correct.
The founder of Coinbase said that even though people mostly trade with bitcoins today as an investment there are incentives to use Bitcoin for shopping. He could be correct.
Interesting math. It is very possible as people are already cursing banks and looking for alternatives.
It's very amusing to see all the people with a rather inflated sense of what is going to happen in the future. An increase in price in the comings years? Yes, I can agree with that. But an increase to half a million dollars per BTC in the near future? I'd really like to know what you've been smoking. I personally think we're going to have an exponential decay in growth as time passes, none of this linear increase bull.
"IF" bitcoin does succeed my belief is that mass adoption will happen very soon < 2 years and the price will absolutely skyrocket. 6 figures per in 2-3 yrs time. 
It's still speculation / wishful thinking at the end of the day. 1% is a bigger number than you might think so $5000 is quite a while away if it ever comes/
yes actually it is still speculation, so hopefully correct at least $ 5,000 or $ 1,000 that was enough
I have had also the end of each year definitely improved, I reflect on the year previous year
This post made me smile and feel all warm and fuzzy inside. And 2033 is fine with me for $500,000 a piece 
And the great thing about the decentralized cryptocurrency revolution is that it will spark a fee additional revolutions by itself....all of which will involve removing the power from the ruling elite and putting it back into the hands of the people.
And the great thing about the decentralized cryptocurrency revolution is that it will spark a fee additional revolutions by itself....all of which will involve removing the power from the ruling elite and putting it back into the hands of the people.
There is a central authority forcing people to use fiat money, giving them to people as salary, and the economy behind it grows (Not the other way round: the economy grows and need more fiat money. you always first get money and then setup project to hire people). If they stop giving out fiat money, the economy will shrink
For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
btw, did you hear about overstock paying their employees in bitcoin? well, not salary but bonuses. i can see other companies like dell or newegg following suit.
There is a central authority forcing people to use fiat money, giving them to people as salary, and the economy behind it grows (Not the other way round: the economy grows and need more fiat money. you always first get money and then setup project to hire people). If they stop giving out fiat money, the economy will shrink
For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
Agree!For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
The way I look at it is that inflationary fiat is designed to be spent, it punishes savers and pumps up the consumer driven consumption oriented economy we currently have. People have very little incentive to keep it so they spend it on a whim on anything or everything they think they want.
Bitcoin is the opposite of government/central bank issued fiat currency in every way. For the purposes here the difference it that it rewards and encourages saving. People have every incentive to save BTC and will only spend it on things they must have, things they need.
If everyone spent only on what they needed as opposed to what they wanted everything on this planet would change. Everything.
There is a central authority forcing people to use fiat money, giving them to people as salary, and the economy behind it grows (Not the other way round: the economy grows and need more fiat money. you always first get money and then setup project to hire people). If they stop giving out fiat money, the economy will shrink
For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
For bitcoin it is very different, if no central authority is giving out bitcoin as salary, there will be very limited bitcoin spending, thus the bitcoin economy won't grow quickly
You can't take the size of a fiat money economy and apply it to bitcoin. The bitcoin economy only grows at remittance and long term saving area
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