it sounds impossible,but who knows. we are a magic world,everything could happen. i think all of us hope it rising,the reasonable price around 300-400
There are about 1.4 TRILLION US Dollars in circulation. The value is artificially set with nothing real to back them other than "The full faith of the US government".
There are only a little more than 14 Million Bitcoins available. The value is set by difficulty and energy it takes to bring them into existence, and a consensus among all who use them. They also have "Special Powers" not endowed to ordinary fiat currency... There is no central bank, they cannot be stolen if properly kept, and they can be sent to anyone, anywhere in the world almost instantly.
Imagine for a minute where the value of Bitcoin would be if only a small percentage of the 9 billion people on Earth wanted to own one...
@vtr99 It's all about advertisement and how people can use it, which sector of life? everything is possible, the last crash make many coins decrease its value
As reported by coinmarketcap.com, about 40% of all coins listed are no longer active. The coins that are no longer around didn't have any real use other than mining them at their peak and exchanging them for more valuable coins, or just selling them for a quick gain. Every down cycle since Bitcoin's inception has made coins decrease in value. In the beginning we used to see maybe a couple cycles a week. The up cycles have slowed because so many lemmings are only in it for short term gains. That is why I've been saying for the last couple years the coming big market crash is going to change things big time (you can look back at my posts and predictions). Let's compare notes in a couple months. The crypto scene is about to change quite dramatically.
http://www.coindesk.com/litecoin-first-mining-reward-decline/Pretty amazing timing if you ask me.
You are very optimistic, i really like people like you, only positive things.
It is try that there are many coins and around half of them as you said are no longer active or their market cap has been decreased to much. Yes the cryptocurrencies are changing dramatically and it is very competitive.
I am optimistic about crypto currency. I am not so optimistic about world economics in general. I fail to see how a country like Greece that already owes $380 billion will benefit from borrowing another $80 billion? How many countries in the world have a positive net income each year? And somehow Greece is supposed to become one of them? Even if they could pay back a billion a year, it's going to take 500 years. The USA and EU are in even worse shape if you look at things realistically.
I am very positive about BTC, because it answers many problems. In fact it can't really be stopped. Just a matter of time before more people learn about the advantages of crypto, and become educated. So yes, it does give me hope that eventually we will have a fair monetary system that doesn't reward crooks.
A currency that gives you an incentive to save, because it only grows stronger with time (Unlike fiat). It can't be controlled by banks and politicians. You don't need anyone's permission to spend it, and so far there are no credit cards charging 30% interest.