I think most here are correct as far as it being either a lot of money or a negligible amount.
It is almost like a game of alternative universes.
Points:
1. With BTC at 50thou-1mil, many techies and btctalk participants will become regular to multi-millionaires.
2. How likely is that a small group of people, distinguishable only by one attribute (btc participation) will become uncommonly wealthy? Anecdotally, it does not seem likely.
I know of only a few groups like this-MSFT&Dell investors in the 90ies, Amazon & AAPL investors from 1997.
2. I wonder if someone can apply Bayesian or frequentist probability models to bitcoin's future and what the likely results would be.
Topic: Bitcoin price in 10 years..... - page 2. (Read 5843 times)
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!
5000 USD would make a lot of us very comfortable.
I wouldn't be rich as such but it'd give us mortgage free lives etc.
Either a very low price / nonexistent.
Or about the same market cap as Apple. I don't think it will ever replace fiat, but will just become an important alternative.
Or about the same market cap as Apple. I don't think it will ever replace fiat, but will just become an important alternative.
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.
You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!
Also, we could say Bitcoin is to money what TCP/IP was to internet, and it's a pretty accurate analogy, even Andreas agrees with this view.
I've seen similar sentiments back in 2013 when the price was around $70. People were predicting a continuing decline of the price back into the low double-digits, or even lower. With Bitcoin you really can't seem to postulate the bubbles and the heights it may achieve over time. I wouldn't be surprised at all to see $5000 in the coming years!
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.
You don't need money to enter the Internet - well at least not to that extent. Also, the Internet is an even more basic technology and provides an incredible amount of utility to the people using it. Just don't fall too hard for that analogy!
You guys are all too conservative. I can see bitcoin being 1 million a piece. This is to money what the internet is to information.
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes
Have you actually looked at long-term charts?
Apart from the fact that there was no Bitcoin back in 2007, just imagine what people in 2011 thought about a $100 coin - unbelievable! The same argument could be made about a $10k coin today. If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.
I can't really afford 'a lot of coins' but I have my small measly stack in the game. I think this may very well be still the beginning of a very interesting technology and potentially something even bigger!
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
It will be fun looking at the all time graph a decade from now or so. That 1.2K ATH peak will look literally like a small bump. Just like the first 30 USD peak now looks like nothing.Ha, yeah that could very well be. At least if Bitcoin succeeds! We're still in the 'lunatic' phase, actually. And the price could have been inflated over the past 2 years or so - thing is, no one knows. But I think the risk/reward calculation is positive on this one (my opinion)
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes
there was no bitcoin in 2007, it started in 2009, 6 years olds at best, in another 10 years the supply will halve 3 times counting the next years, if we take in consideration that around the first halving bitcoin doubled, a good estimate would be 2k usd as a stable value, with a peak of 10k, basically like the last previous pump but with one more zero
well the variation are like bitcoin in 2007 20$ in 2014 800$ and now its a stable 200$ 300$ might get a bit bigger next few years in the middle of years each like 350 450 or 500$ in my opinion but that over the years like 2 or 3 not 10 i can not predict 10 years and the bit coin will be more diff to mine yes
In ten years, here is the situation:
1. Bitcoin price around 500$
2. Bitcoin is the worlds top ten currency.
3. Some of the leading countries have adopted BTC
4. Nobody uses pocket wallet anymore, they use bitcoin wallet.
Wouldn't that be a scenario....
1. Bitcoin price around 500$
2. Bitcoin is the worlds top ten currency.
3. Some of the leading countries have adopted BTC
4. Nobody uses pocket wallet anymore, they use bitcoin wallet.
Wouldn't that be a scenario....
1 BTC for 500 USD eql. MC is 21000000*500 = 10,5 B USD
for top 10 currency MC must be 100 times higher so btc must be around 50000USD
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times
Then why did you say 500 or 5000? Kind of contradicting yourself?If bitcoin is 500 in 10 years, then it will never go mainstream. It'll just be used by pump and dumpers, so that VC run companies can make back their investment, and the few libertarians who desperately try to avoid government authority.
~mehek
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times
Then why did you say 500 or 5000? Kind of contradicting yourself?If bitcoin is 500 in 10 years, then it will never go mainstream. It'll just be used by pump and dumpers, so that VC run companies can make back their investment, and the few libertarians who desperately try to avoid government authority.
I think it will be $500 for 1bitcoin...or even $5000 for 1bitcoins as because the price is not depend on time so we cannot say what it will be.....and if you are thinking about the 2010-2013 then let me tell you that we have mtgox that time and it is the only one who make this bitcoin train upto $1000 lol...that's was the wounderful times
BTC MC > 1.000.000.000.000 ( 1-10 trillion USD mc)
so 1BTC from 47619 USD to 500.000,00 USD
so 1BTC from 47619 USD to 500.000,00 USD
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.
Truth can be stranger than fiction my friend
100-fold in 10 years isn't even that good. Much less disruptive companies have gained way more than that over the years.
If things are headed upwards, I believe we're looking at a $35k coins in 10 years or so. There will be some more bubbles, some bigger than others, but we will find some sort of equilibrium at some point - maybe comparable to gold!
which means you bought a lot coins and are holding them firmly. however i think $35k is way too high. doesn't sound very realistic if you ask me.
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