Topic: $500,000 per Bitcoin, baby. The math behind it. - page 2. (Read 23668 times)
The numbers are correct but like always the question is when? The Internet and computers were adopted very fast because it was very obvious the benefits they had, while the benefits of bitcoin are as obvious the problems is that bitcoin is competing against governments and banks two of the most powerful institutions in the world.
wow people this is such an optimistic thread, why would you think bitcoin can reach half a million? i dont think its possible, there are too much coins around and if everyone would be worth half million then it will be huge.
I am an optimistic person, but i see bitcoin at a maximum of $50.000 dollars each one in years... but i dont see it in the near future.
by the way, i hope it to do so. it would be a very good price for bitcoin investors.
I am an optimistic person, but i see bitcoin at a maximum of $50.000 dollars each one in years... but i dont see it in the near future.
by the way, i hope it to do so. it would be a very good price for bitcoin investors.
Interesting to read this in retrospect what people were thinking at the time in 2014. Now we have some big names like John McAfee saying $500k in 3 years. The price in South Korea broke $4500 late this spring then dropped down. Currently the price is at $3350 after reaching almost $3500 after segwit locked in.
For $500k to be possible, bitcoin will have to scale many times and probably have mass adoption and have easier to use apps hooked up to smart phones. The transaction speeds will also have to improve a lot. Currently it can only process 10 transactions / second. Ethereum is double this. To get to the level of Visa/MasterCard it will have to handle at least 25,000 transactions per second.
For $500k to be possible, bitcoin will have to scale many times and probably have mass adoption and have easier to use apps hooked up to smart phones. The transaction speeds will also have to improve a lot. Currently it can only process 10 transactions / second. Ethereum is double this. To get to the level of Visa/MasterCard it will have to handle at least 25,000 transactions per second.
Most people just use there bitcoin as an investment and dont use it daily for transactions, so your wrong about the need to process on mastercard levels.
Interesting to read this in retrospect what people were thinking at the time in 2014. Now we have some big names like John McAfee saying $500k in 3 years. The price in South Korea broke $4500 late this spring then dropped down. Currently the price is at $3350 after reaching almost $3500 after segwit locked in.
For $500k to be possible, bitcoin will have to scale many times and probably have mass adoption and have easier to use apps hooked up to smart phones. The transaction speeds will also have to improve a lot. Currently it can only process 10 transactions / second. Ethereum is double this. To get to the level of Visa/MasterCard it will have to handle at least 25,000 transactions per second.
For $500k to be possible, bitcoin will have to scale many times and probably have mass adoption and have easier to use apps hooked up to smart phones. The transaction speeds will also have to improve a lot. Currently it can only process 10 transactions / second. Ethereum is double this. To get to the level of Visa/MasterCard it will have to handle at least 25,000 transactions per second.
Assuming the value of bitcoin is 2000 dollars by the end of the year bitcoin will only need to grow a little bit less than 12% yearly compounded annually so it can reach half a million in 50 years but I remember reading in a thread that bitcoin goes up on average 6% annually if that rate keeps true then it will take bitcoin 95 years to reach that value without taking into account inflation.
Are you sure about that 6%? Because I calculated that from 2015 to 2016 Bitcoin had a gain of over 80%, and from 2016 to 2017 the gain was over 110%. The gain from 2017 to 2018 is expected to be even higher than the previous gains (but we don't know yet).
So we're talking about yearly gains far higher than 6% or 12%... Unless I'm missing something.
Edit: With a yearly gain of 100% (too optimistic, I know) and a starting value of $2000, it will only take 8 years for the value of Bitcoin to reach $0.5M/BTC.
Assuming the value of bitcoin is 2000 dollars by the end of the year bitcoin will only need to grow a little bit less than 12% yearly compounded annually so it can reach half a million in 50 years but I remember reading in a thread that bitcoin goes up on average 6% annually if that rate keeps true then it will take bitcoin 95 years to reach that value without taking into account inflation.
Are you sure about that 6%? Because I calculated that from 2015 to 2016 Bitcoin had a gain of over 80%, and from 2016 to 2017 the gain was over 110%. The gain from 2017 to 2018 is expected to be even higher than the previous gains (but we don't know yet).
So we're talking about yearly gains far higher than 6% or 12%... Unless I'm missing something.
Edit: With a yearly gain of 100% (too optimistic, I know) and a starting value of $2000, it will only take 8 years for the value of Bitcoin to reach $0.5M/BTC.
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
50 years seems overstimated, consider that the growth is exponentially not linear, if you see an increase of $1000 per year now it does not mean that it will not be $10k per year later when the reward will drop more
not that miners matter anymore because they would take the same revenue with those high fee...really it's only about adoption, the present one with few states is good, it's a launch pad for the future one
it's the same story more country regulate bitcoin = better value, i'm confident that $10k as a stable value will be seen in the next halving
500k Per bitcoin is still possible.
With the 1mb limit removed.
With the limit still in place, I'm not so sure.
With the 1mb limit removed.
With the limit still in place, I'm not so sure.
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
50 years seems overstimated, consider that the growth is exponentially not linear, if you see an increase of $1000 per year now it does not mean that it will not be $10k per year later when the reward will drop more
not that miners matter anymore because they would take the same revenue with those high fee...really it's only about adoption, the present one with few states is good, it's a launch pad for the future one
it's the same story more country regulate bitcoin = better value, i'm confident that $10k as a stable value will be seen in the next halving
Pretty though and ambitious to here that bitcoin will cross to that price since that price is more even huge and i can't imagine on how many fiat volume will be consume before we can reach that. But anyways aslong as the bitcoins price movement is pretty more healthy then we can't elimanate the speculation that the current price for now will be surpassed on incoming days.
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
Indeed, it takes a long from bitcoin to reach that amount. There are many things that could happen before attain that amount it might become stable the price of bitcoin. For me it is enough if its price will reach 10,000 $ per bitcoin. 
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
50 years seems overstimated, consider that the growth is exponentially not linear, if you see an increase of $1000 per year now it does not mean that it will not be $10k per year later when the reward will drop more
not that miners matter anymore because they would take the same revenue with those high fee...really it's only about adoption, the present one with few states is good, it's a launch pad for the future one
it's the same story more country regulate bitcoin = better value, i'm confident that $10k as a stable value will be seen in the next halving
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
50 years seems overstimated, consider that the growth is exponentially not linear, if you see an increase of $1000 per year now it does not mean that it will not be $10k per year later when the reward will drop more
not that miners matter anymore because they would take the same revenue with those high fee...really it's only about adoption, the present one with few states is good, it's a launch pad for the future one
it's the same story more country regulate bitcoin = better value, i'm confident that $10k as a stable value will be seen in the next halving
It could happen but we must not think this is going to happen anytime soon, I think that will take at least 50 years to reach that price and by that time a lot of things could have happened to you and the world we live in.
^Agree. Targets in my head about bitcoins for '27 are ~$10K. So this story has some logic. 
I am quite positive that in 2027 price of BTC will be way over $10k. for that only 2 bubbles are needed. I expect we will see at least 3.
Will be at $10k by 2022 just in linear growth, should be around $100k by 2027.
^Agree. Targets in my head about bitcoins for '27 are ~$10K. So this story has some logic.
I am quite positive that in 2027 price of BTC will be way over $10k. for that only 2 bubbles are needed. I expect we will see at least 3.
It would be nice to see it rise like that....I am skeptical mainly because I am involved now...When I first started on Bitcoin prices were around $800 dollars. Highest I have seen since then is around $650.
So, if Bitcoin fails we can blame me:0
Noone blames you So, if Bitcoin fails we can blame me:0
The reason why Satoshi yet to sell even one of his coins, he designed it to rise much more than the current prices.
I'm gonna hodl just like him.
I'm gonna hodl just like him.
gotta love math
Mass acceptance is required so that the price of bitcoins goes high and otherwise it will be a total flop.
Mass acceptance will help, but in order to make a rocket jump forward, we need professional capital to flow into Bitcoin.As soon as institutional investors have a solid and legal way of jumping on board (which is why an ETF will be very important), then playtime is over for the average trader.
People already complain about Bitcoin's price being high, but as soon as the big boys come in, one tenth of a Bitcoin will cost the same as one whole Bitcoin right now ~ and it will even go beyond that.
I am waiting for the price of bitcoins to be 500000$,well that thing to happen it needs a lot of patience .well i may not be alive when the price of bitcoins hits so much amount.Mass acceptance is required so that the price of bitcoins goes high and otherwise it will be a total flop.
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