Topic: Bitcoin Longterm Price Target - page 6. (Read 932 times)
The future is what we can not be sure of on how it will be for bitcoin on longtime. The adoption rate will surely affect your calculations and that was not taken into account. One of the link missing also is the numbers of bitcoin that will be lost from the newly mined in addition to the already lost bitcoins which is missing link. For the times so far that bitcoin has not dropped down to $10k and beyond according to predictions and speculators, we are going to see bitcoin appreciate into 6 digits.
Only what I guess is that the price would one day hit a million dollars.
If thats happened then a lot of people would have a great fortune in the future. I am not expecting it to be sooner but when this thing happen on btc then I wouls definitely remember that you mentioned it here.Almost all bitcoin would have been mined by 2050, but some more would have been lost, the calculation may not be accurate, but definitely that bitcoin price would further be appreciating.
Is there a way to track those supply that has been lost or cant be recover anymore? 
If you have different approaches feel free to share!
There's no actual number and as others said "sky is the limit" because fiat is continuously eroded by inflation. So in 10s of years in the future Bitcoin may worth *a lot* because of its scarcity (and demand!) and also because fiat is losing value continuously.
The only missing part of the "equation" is the demand. If, for some reason, the demand would go down, the price will also go down. If the demand remains the same, the price will grow. If the demand rises (and that's what I expect) the price will skyrocket.
I'll say that sky is the limit if it's about the truest potential and price of bitcoin in the future. Take all of those halvings for example and when we say long term, it'll depend on how long you're looking at it.
With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.
Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?
With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.
Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?
Bitcoin is not dictated by exchanges or whales, exchanges would only list bitcoin for trading purpose, the overall buyers and sellers are the ones that determine what bitcoin price would be.
Truely no one knows if bitcoin can still be existing in the next 50 years, but I doubt if it would not. Only what I guess is that the price would one day hit a million dollars. You have not even mentioned fiat devaluation as a result of inflation, that would also contribute to bitcoin price appreciation in long term.
Truely no one knows if bitcoin can still be existing in the next 50 years, but I doubt if it would not. Only what I guess is that the price would one day hit a million dollars. You have not even mentioned fiat devaluation as a result of inflation, that would also contribute to bitcoin price appreciation in long term.
Also those 21million supply isnt 21million too. Some of these are forgotten and loss in the blockchain due to such personal mistake and some of it also hasnt been mined all.
Almost all bitcoin would have been mined by 2050, but some more would have been lost, the calculation may not be accurate, but definitely that bitcoin price would further be appreciating.
Also those 21million supply isnt 21million too. Some of these are forgotten and loss in the blockchain due to such personal mistake and some of it also hasnt been mined all.
Aiming to calculate the price isnt easy. Not sure though if bitcoin supply is equally distributed, what price it could reach. But of course this is impssible since some have really big cut on the pie.
Aiming to calculate the price isnt easy. Not sure though if bitcoin supply is equally distributed, what price it could reach. But of course this is impssible since some have really big cut on the pie.
It's extremely hard to make price estimations knowing that there are a lot of different theses(day-to-day currency/blackmarket currency/SoV/a combination of a few/etc) and different factors(theses/demographics/etc) to take into account.
My take is just that it should be priced a lot higher in the future when the market sort of prices bitcoin a bit more accurately, compared to it's current state where it's pretty much just a scam/ponzi for most people.
My take is just that it should be priced a lot higher in the future when the market sort of prices bitcoin a bit more accurately, compared to it's current state where it's pretty much just a scam/ponzi for most people.
Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?
I made this calculation for an adoption of 50 % of the current world population:
21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.
If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.
This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.
If you have different approaches feel free to share!
I made this calculation for an adoption of 50 % of the current world population:
21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.
If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.
This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.
If you have different approaches feel free to share!
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