Bitcoin Limit. | Bitcointalksearch.org

Febo

legendary

Activity: 2744

Merit: 1288

Quote from: log2exp on August 08, 2014, 10:02:56 AM

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Tell the sellers on bitcoin exchanges stop selling then, not everyone is holder even it's deflationary, otherwise, we are already in thousands $/unit.

well i am not saying of now and of exchanges. But of tomorrow and of stores. If price of money raise daily, then you when you will need to buy shoes you will just delay. if you will pay 10 btc for them today and 9 btc tomorrow you will wait. That is bad for economy. As i see, there is no way btc could ever become world most used currency. But that dont mean, will not gain more users in future.

Quote from: TwinWinNerD on August 05, 2014, 01:25:02 PM

Feel free to make such a coin and look if it is successful. Wink

I am to lazzy to do anything not a world currency. lol

BowieMan

full member

Activity: 154

Merit: 100

Is there life on Mars?

Quote from: ihuntbtc on August 08, 2014, 10:28:09 AM

its ok as long as whales are spending it on stuff and not holding 24 7

Why? If whales are holding it, those BTC are out of circulation, making the total amount of BTC in circulation lower. The price would rise because of that. Spending BTC isn't exactly a good thing for the price. Only for the long term success of Bitcoin in general.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: henryjames1003 on August 04, 2014, 09:18:54 AM

every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

Don't forget about lost wallets. As mining rewards decrease, lost coins will outnumber new coins, leading to a decrease in supply.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying . Cry

LOLOLOL

Ibian

legendary

Activity: 2268

Merit: 1278

Once again, this obsession with other people losing their coins has to stop. You are free to sell all your coins. Put your personal economy where your mouth is and leave the rest of us the hell alone.

ihuntbtc

member

Activity: 70

Merit: 10

its ok as long as whales are spending it on stuff and not holding 24 7

log2exp

full member

Activity: 181

Merit: 117

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Tell the sellers on bitcoin exchanges stop selling then, not everyone is holder even it's deflationary, otherwise, we are already in thousands $/unit.

BowieMan

full member

Activity: 154

Merit: 100

Is there life on Mars?

Quote from: henryjames1003 on August 04, 2014, 09:18:54 AM

Do you think there is a limit to the growth of Bitcoin? 1к USD? 2k?
How i can see:
every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

So: Bitcoin is growing steadily because money income bigger then emission. I know it's simple and little incorrect explanation.

whether in the future the time when Bitcoin will stop? and at what level?

Over half of the coins that will ever be mined are already in existence, so the total amount of BTC that will be available in the end isn't that much larger than the current amount we already have in circulation. And it'll take us another 100 years to get there! We've seen growth in the days of 50 BTC block rewards, so I don't see any reason why we would stop that growth now that we are at 25 BTC!

martinnew

full member

Activity: 153

Merit: 100

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

It will really be a problem if majority will just hold on to their BTC and think it will make them millionaires someday. Tongue

aminorex

legendary

Activity: 1596

Merit: 1030

Sine secretum non libertas

Quote from: TwinWinNerD on August 05, 2014, 01:25:02 PM

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Feel free to make such a coin and look if it is successful. Wink

Been there, done that. So far, systematically nflationary coins are never adopted, always tend to zero very rapidly.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: Febo on August 05, 2014, 01:23:15 PM

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

Feel free to make such a coin and look if it is successful. Wink

Febo

legendary

Activity: 2744

Merit: 1288

i am worried of bitcoin because of so little inflation. With deflation people just hold, since they expect il be more worth tomorrow. and it loses its meaning to be money. Only solution for Bitcoin to last on longer time wsi to have strong inflation so its worth compared to fiat start lowering. Like this some other coin will take "net money" job and BTC wil be just some thingy to treasure your founds and never really go huge.

martinnew

full member

Activity: 153

Merit: 100

I will go reviewing the law of demand and supply with regards to this. Grin

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: ltbharley on August 05, 2014, 11:19:26 AM

Bitcoin higher limit will be 387,290$ in 2024, after that it will drop slowly but steady to 0$ because a new coin (ether) will take its first place among cryptos.

Hehe, see, that are the words of a good troll. Not too extreme but ridiculous enough to get responses Wink

ltbharley

newbie

Activity: 56

Merit: 0

Bitcoin higher limit will be 387,290$ in 2024, after that it will drop slowly but steady to 0$ because a new coin (ether) will take its first place among cryptos.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: TwinWinNerD on August 05, 2014, 06:57:14 AM

Quote from: LiteCoinGuy on August 05, 2014, 06:33:45 AM

Quote from: franky1 on August 04, 2014, 11:43:18 AM

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

really??

but when dollar collapses and you can only buy a loaf of bread for $1000, what do you think bitcoin will be worth?

lol i do love seeing peoples speculations and to then slap their faces with wet fishes using info they never included, that would make their estimates not what they think.

if the dollar doesnt collapse (fiat explosion) then i see a potential in over a decade of $30k-$50k. but if dollar exploded like what happened in Zimbabwe, i can see bitcoin worth $500k

but just because bitcoin went from $1 to $1000 in 5 years, DO NOT expect the same 1000 fold jump in the next 5 years. it will be alot slower, alot lot lot slower

franky1, i thought you can read between the lines Tongue

(i wrote total bullshit because the question was dumb in my view Cheesy

! i give a shit on the daily price because it makes no sense to look at this. look at the bigger picture.
i think we will reach 10k - 50k in the next years... )

Most people can't sence sarcasm and irony. Especially because the price was already at >1k$ , pretty obv, but ...

and i also added a smiliey in my first post by the way Cheesy

Stery

member

Activity: 118

Merit: 100

Silicon Valley VC thinks a single bitcoin will be worth $100,000

http://www.wired.com/2014/01/chrisdixon/

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: MrBtcSenior on August 05, 2014, 08:37:46 AM

Quote from: Mobius on August 05, 2014, 01:34:54 AM

Bank of America thinks the max price is $1,300 (http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/) while Goldman Sachs thinks the max price is (IIRC $5k, but it may be higher, I was not able to find a link to this).

I think those predictions are at least as pointless as the ones we are making in the speculation forum

Also those predictions where not LONGterm or toplimit EVER. They were shortterm price goals. Shortterm being 1-2 years timeframe.

MrBtcSenior

member

Activity: 70

Merit: 10

Quote from: Mobius on August 05, 2014, 01:34:54 AM

Bank of America thinks the max price is $1,300 (http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/) while Goldman Sachs thinks the max price is (IIRC $5k, but it may be higher, I was not able to find a link to this).

I think those predictions are at least as pointless as the ones we are making in the speculation forum

henryjames1003

newbie

Activity: 51

Merit: 0

Ok, most of you telling that bitcoin-rate depends on mass-adoption. My Russian friend told me that there were tha bar accepting Bitcoins in Russia before goverment bans it. So there were the system like "Transfer money to address in your acc and later you can use your BTC. So there were not clear BTC-use. I think it caused by 10-minute-confirmation time.

So i cant buy coffee directly with Bitcoin. Anything else?

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: LiteCoinGuy on August 05, 2014, 06:33:45 AM

Quote from: franky1 on August 04, 2014, 11:43:18 AM

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

really??

but when dollar collapses and you can only buy a loaf of bread for $1000, what do you think bitcoin will be worth?

lol i do love seeing peoples speculations and to then slap their faces with wet fishes using info they never included, that would make their estimates not what they think.

if the dollar doesnt collapse (fiat explosion) then i see a potential in over a decade of $30k-$50k. but if dollar exploded like what happened in Zimbabwe, i can see bitcoin worth $500k

but just because bitcoin went from $1 to $1000 in 5 years, DO NOT expect the same 1000 fold jump in the next 5 years. it will be alot slower, alot lot lot slower

franky1, i thought you can read between the lines Tongue

(i wrote total bullshit because the question was dumb in my view Cheesy

! i give a shit on the daily price because it makes no sense to look at this. look at the bigger picture.
i think we will reach 10k - 50k in the next years... )

Most people can't sence sarcasm and irony. Especially because the price was already at >1k$ , pretty obv, but ...

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: franky1 on August 04, 2014, 11:43:18 AM

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

really??

but when dollar collapses and you can only buy a loaf of bread for $1000, what do you think bitcoin will be worth?

lol i do love seeing peoples speculations and to then slap their faces with wet fishes using info they never included, that would make their estimates not what they think.

if the dollar doesnt collapse (fiat explosion) then i see a potential in over a decade of $30k-$50k. but if dollar exploded like what happened in Zimbabwe, i can see bitcoin worth $500k

but just because bitcoin went from $1 to $1000 in 5 years, DO NOT expect the same 1000 fold jump in the next 5 years. it will be alot slower, alot lot lot slower

franky1, i thought you can read between the lines Tongue

(i wrote total bullshit because the question was dumb in my view Cheesy

! i give a shit on the daily price because it makes no sense to look at this. look at the bigger picture.
i think we will reach 10k - 50k in the next years... )

Mobius

hero member

Activity: 988

Merit: 1000

Bank of America thinks the max price is $1,300 (http://www.forbes.com/sites/samanthasharf/2013/12/05/bitcoin-gets-valued-bank-of-america-puts-a-price-on-the-virtual-tender/) while Goldman Sachs thinks the max price is (IIRC $5k, but it may be higher, I was not able to find a link to this).

Omikifuse

legendary

Activity: 1862

Merit: 1009

There is no limit because the inflation is always positive, so prices goes to infinite in the long run.

But of course there is a limit of the proportion of market capitalization of bitcoin/World Pib , but I have no clue what it would be

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Quote from: FUR11 on August 04, 2014, 03:43:27 PM

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying . Cry

I don't know whether that was sarcasm or not. What's interesting is that you are around since April 2013, so you've experienced 1-2 bubbles. You should've learned by now that Bitcoin doesn't show any signs of dying right now. Why so pessimistic?

Check out the smiley in the thread title post and it's clearly indicative of trolling. As long as Bitcoin sticks around and expands its usage, it's impossible for it not to go up in value. Heck, as fiat depreciates, this alone adds value to this crypto.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: 1Referee on August 04, 2014, 09:27:40 AM

There will be a moment that there isn't that much new money comming in, supply will be the same while demand is decreasing.

I'm not even sure if there is new money comming in right now as people already have bought their Bitcoins, and now are waiting for a rise.

That is what a bear says.

A bull looks at the situation and says: There will be a day, when the demand will be higher than the emission (e.g. at block halving)

Benjig

sr. member

Activity: 462

Merit: 250

As of today, there are currently only 13 million coins, so even if you hold only a few ones, that means you own a very large part of something very rare. it doesnt matter that there will be 21 millions, what matters is what we have today.

harles9

member

Activity: 68

Merit: 10

I love that young people are into Bitcoins and asking these kind of questions. Perhaps, instead of berating people, we should assume they are young and inquisitive.

No sir, there is no fiat limit on how high Bitcoins can be valued.

Ibian

legendary

Activity: 2268

Merit: 1278

Goddamn some of you people are stupid.

FUR11

sr. member

Activity: 378

Merit: 250

FURring bitcoin up since 1762

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying . Cry

I don't know whether that was sarcasm or not. What's interesting is that you are around since April 2013, so you've experienced 1-2 bubbles. You should've learned by now that Bitcoin doesn't show any signs of dying right now. Why so pessimistic?

moko666

hero member

Activity: 635

Merit: 500

BlasterKVs the king of xbox modding

Sky is Limit for bitcoin Cool

oceans

sr. member

Activity: 406

Merit: 250

No limit can be predicted. All bitcoin can do now is grow and become more popular which in time will increase the price of bitcoin. I would be surprised if there was a limit especially so soon.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: LiteCoinGuy on August 04, 2014, 11:38:44 AM

1k USD is max, we will never reach more.

really??

but when dollar collapses and you can only buy a loaf of bread for $1000, what do you think bitcoin will be worth?

lol i do love seeing peoples speculations and to then slap their faces with wet fishes using info they never included, that would make their estimates not what they think.

if the dollar doesnt collapse (fiat explosion) then i see a potential in over a decade of $30k-$50k. but if dollar exploded like what happened in Zimbabwe, i can see bitcoin worth $500k

but just because bitcoin went from $1 to $1000 in 5 years, DO NOT expect the same 1000 fold jump in the next 5 years. it will be alot slower, alot lot lot slower

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

1k USD is max, we will never reach more.

today the price declined 5 USD, so bitcoin is dying . Cry

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: darkota on August 04, 2014, 11:15:28 AM

You're forgetting to include unforseen possibilities. Such as a billionaire or millionaire buying "shitloads" of BTC in a relatively short time. Even one person buying $2,000,000 worth of BTC will rise the price by over $100. Imagine if a small amount of millionaires decide to invest a few million in BTC(not in off the book trades), the price will rise dramatically.

i have not forgot. but you are not reading what i wrote in the post you quoted. this is because then you would realise that there was an investor that threw $30million into the market. the problem is that he did not throw it at an exchange. instead he threw it at bitpay. so instead of seeing bitcoin get back into the $1000 this spring, bitpay gave that guy bitcoins privately, and over the two months of spring exchanges only moved $200 ($450->$650) due to bitpay not having to sell on exchanges. instead of moving back to well over $1000 if that $30mill was on an exchange.

so as i said a slower more stable rise

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: ensurance982 on August 04, 2014, 10:26:27 AM

Hard to know. On the one hand we've already created over half of all Bitcoin that will ever exist, so in theory there aren't that many bitcoin left to be created. On the other hand, a lot of them are lost, so they don't really count. We will see how the adoption and inflow of new Fiat works out over the next months and years. But I guess chances aren't that bad for Bitcoin to succeed.

half the cap has been mined yes, but the other half will take alot longer, and i mean ALOT longer
it took 5 years to get to 13mill.
in 2 years it will be 15.7mill.
then 6 years from now will be 18.3mill.
then 10 years from now 19.6mill.
then 14 years from now 20.3mill.
..
..
then in 3 decades it will be 20.9mill.
and then another 100 years to get nearly the last 100k

so what took 5 years will take alot longer. meaning supply will drop and cause demand. but we still need to realise that if we are measuring bitcoin in just dollars, and ontop of that measuring it against exchanges with limited influx of those dollars. then it would be hard to actually give a true value estimate

darkota

hero member

Activity: 770

Merit: 500

Quote from: franky1 on August 04, 2014, 09:55:09 AM

ok all you speculators. lets update you..

the bitcoin price spiked multiple times for the last 5 years because it was nice and easy to get dollars into exchanges to buy bitcoin. but this year all the exchanges are starting to put dollar limits on deposits,etc.

so will you atleast add that into your speculative equations.

for example 1 person depositing $50k could move the price from $200 to $220 all by himself last year. but now with max deposits of $10k and the price being averaged at $600. it will take 15 people to simultaneously buy in to cause a price rise of $20 in a short period.

so do not expect big movements from new investors. expect smaller movements from medium investors or lots of micro investors. that is of course, if we can atleast convince miners to stop selling on exchanges at a loss..

we are no longer in the game where investors throw lots of dollars at exchanges to buy coin. we are now in the game where investors throw lots of dollars at private trades, which SLOWLY reduces the number of sales on exchanges, due to the bitcoins being sold privately instead. which still helps a price rise, just much more slowly.

good luck with your maths and predictions.

You're forgetting to include unforseen possibilities. Such as a billionaire or millionaire buying "shitloads" of BTC in a relatively short time. Even one person buying $2,000,000 worth of BTC will rise the price by over $100. Imagine if a small amount of millionaires decide to invest a few million in BTC(not in off the book trades), the price will rise dramatically.

reg

sr. member

Activity: 463

Merit: 250

Quote from: Stifler on August 04, 2014, 09:21:43 AM

Nobody knows. It's just supply and demmand. The more people that use it the bigger the demmand gets and the price should go up.

+1 There is no theoretical limit. There are some quite unrealistic ideas in the short term but the current market value indicates (to me ) that some large companies that use the valuable number as a payment processing system are being offset by adoption. Do not forget btc is many things and I use it as a store of value ie a commodity. However as an idea its unstoppable now in some form or other we just have to be a bit adept at countering the attempts of banks to keep their monopoly over the individual.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Hard to know. On the one hand we've already created over half of all Bitcoin that will ever exist, so in theory there aren't that many bitcoin left to be created. On the other hand, a lot of them are lost, so they don't really count. We will see how the adoption and inflow of new Fiat works out over the next months and years. But I guess chances aren't that bad for Bitcoin to succeed.

franky1

legendary

Activity: 4424

Merit: 4794

ok all you speculators. lets update you..

the bitcoin price spiked multiple times for the last 5 years because it was nice and easy to get dollars into exchanges to buy bitcoin. but this year all the exchanges are starting to put dollar limits on deposits,etc.

so will you atleast add that into your speculative equations.

for example 1 person depositing $50k could move the price from $200 to $220 all by himself last year. but now with max deposits of $10k and the price being averaged at $600. it will take 15 people to simultaneously buy in to cause a price rise of $20 in a short period.

so do not expect big movements from new investors. expect smaller movements from medium investors or lots of micro investors. that is of course, if we can atleast convince miners to stop selling on exchanges at a loss..

we are no longer in the game where investors throw lots of dollars at exchanges to buy coin. we are now in the game where investors throw lots of dollars at private trades, which SLOWLY reduces the number of sales on exchanges, due to the bitcoins being sold privately instead. which still helps a price rise, just much more slowly.

good luck with your maths and predictions.

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: 1Referee on August 04, 2014, 09:27:40 AM

There will be a moment that there isn't that much new money comming in, supply will be the same while demand is decreasing.

I'm not even sure if there is new money comming in right now as people already have bought their Bitcoins, and now are waiting for a rise.

Yup it's quite scary to have no new money when there are so many Bitcoins coming on to the market. I do feel though that when clearer regulation is made, some investments that would have gone into Bitcoin startups will go into Bitcoin directly instead.

1Referee

legendary

Activity: 2170

Merit: 1427

There will be a moment that there isn't that much new money comming in, supply will be the same while demand is decreasing.

I'm not even sure if there is new money comming in right now as people already have bought their Bitcoins, and now are waiting for a rise.

Stifler

member

Activity: 66

Merit: 10

Nobody knows. It's just supply and demmand. The more people that use it the bigger the demmand gets and the price should go up.

henryjames1003

newbie

Activity: 51

Merit: 0

Do you think there is a limit to the growth of Bitcoin? 1к USD? 2k?
How i can see:
every day money comes to Btc so one Bitcoin becomes more valuable.

And each 10 minutes new 25 BTC comes to world. It's emission. every block creates new Bitcoin and each one becomes less valuable.

So: Bitcoin is growing steadily because money income bigger then emission. I know it's simple and little incorrect explanation.

whether in the future the time when Bitcoin will stop? and at what level?

Topic: Bitcoin Limit. (Read 3785 times)