Topic: Bitcoin price to be US$3,500,000??? (Read 3363 times)
Bitcoin will only become more valuable providing more company's continue to start using it the more use it the more it will go up based on supply and demands. Soon as people stop dumping on it too more people will buy it up. I have sold most of mine because its got a fair bit more to drop yet before going back up. Then I will buy back in and then ride the wave of when it goes back and past 1k mark.
Bit coin will NEVER be worth $3m each. There you read it here first.
Sheeoout. I'll even go out on a limb here and say bitcoin never even hit's a million.
Bit coin will NEVER be worth $3m each. There you read it here first.
Sheeoout. I'll even go out on a limb here and say bitcoin never even hit's a million.
Highly doubt it will happen. I can see it reaching $1000 again, has once in the past it can again. However, I would speculate this value would be impossible. If it EVER did it would be possibly not in our lifetime.
I really doubt that would happen. Sure, M3 might be potentially that large but its definitely a leap of faith to think that that entire sector would convert to bitcoin...people like to diversify. Its going to take the world going seriously awry for things to people's wealth to go that way
Now lets talk about 100K. 100K would be a dream. Is this doable in the next 20 years? Otherwise I will be too old to enjoy my new found wealth. God damn I could be living the life right now, but nooo! I have to be stuck in his fucking shithole of a country. Lucky is literally everything.
If bitcoin is less than 4-5K in 20 years, then we would wasted our time with it.
~4K in 20 years corresponds to 10% compounded yearly appreciation.
Guess what? IF the bitcoin will ever reach $3 million +, your $3 million will be worth nothing.
Wrong ! Inflation is irrelevant.
Let assume that you have found the biggest diamond on the world. The ultimate diamond, the most expensive.
That means the diamonds market will crash ?
i'd think that under inflation, bitcoin would still be the inflation % of the USD.. mainly because people holding cash would want to put it somewhere in an asset that won't lose value.. so currency inflation is good for bitcoin, just like it is for gold and other commodities.
In 50 years BITCOIN will be worth like 50milions USD .it won't be used as currency .peoples will use altcoins .BITCOIN will be antique.first massively used crypto that took over the world .first crypto that made the way for others . Great Piece of history ...
Now lets talk about 100K. 100K would be a dream. Is this doable in the next 20 years? Otherwise I will be too old to enjoy my new found wealth. God damn I could be living the life right now, but nooo! I have to be stuck in his fucking shithole of a country. Lucky is literally everything.
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Whats the point? It seems the concept of Bitcoin divisible a lot is not grasped by most people when big ass prices are predicted or proposed as hypothetical scenareos. If you can divice a bitcoin by 0.0000001 times, then whats the problem?
When do you think BTC will reach $10000 ? When will be that next big jump ?
Judging by gouvernment allready slowly reacting to keep bitcoin from going mainstream, i seriously doubt there will be more real bubbles.
I think the next jump will be when bitcoin halves again, but until then i see nothing but slow drop in price.
I seriously hope im wrong, but so far there is nothing to support ideas of 10k usd bitcoin and what not..
Guess what? IF the bitcoin will ever reach $3 million +, your $3 million will be worth nothing.
Wrong ! Inflation is irrelevant.
Let assume that you have found the biggest diamond on the world. The ultimate diamond, the most expensive.
That means the diamonds market will crash ?
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
umm except no one takes altcoins?
I can only agree to this statement, i guess the success of the coin depends on these people smartness not to use them at once. What they are doing with their coins anyways (most likely) ?
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
umm except no one takes altcoins?
When do you think BTC will reach $10000 ? When will be that next big jump ?
Only they know, but they won't tell you...
Honestly, no one knows. If we remain in the bubble cycles, we may see 10k after two bubbles.
When do you think BTC will reach $10000 ? When will be that next big jump ?
I don't think bitcoin adoption will ever be at 100% of world population, but it can go surely to 30% or 40%,
which is not bad considering that it will be valued around 1.500.000 dollars.
which is not bad considering that it will be valued around 1.500.000 dollars.
New price prediction with absurdity every day.
Thats too fanciful. There will be competitions too.
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
They said Bitcoin would never get paid or into the $100s soon past that then people saying never get past $500 but happened and then went to 1k area but soon went poof all way down but expected to go up by end of the year.
saying that bitcoin went to 1k despite what people said, and equating it to bitcoin being able to take over as a world currency.. is just kind of stretching it, don't you think?
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
They said Bitcoin would never get paid or into the $100s soon past that then people saying never get past $500 but happened and then went to 1k area but soon went poof all way down but expected to go up by end of the year.
M3 model may be around $75 trillion, but how much wealth is stored in land, artwork, ect?
Mining sales will keep bitcoin capitalization down in the short run, but 50 years from now, I wouldn't be surprised to see the value of a bitcoin approaching a $billion dollars. Not saying it will, just saying I wouldn't be very surprised.
I will be surprised if a bitcoin isn't worth a $million within 12 years.
Mining sales will keep bitcoin capitalization down in the short run, but 50 years from now, I wouldn't be surprised to see the value of a bitcoin approaching a $billion dollars. Not saying it will, just saying I wouldn't be very surprised.
I will be surprised if a bitcoin isn't worth a $million within 12 years.
You don't need enough currency to represent all the wealth in the world. There are no dollars sitting in an account somewhere representing the value of my house.
M3 represents the amount of money (loosely defined) in use. If dollars were replaced by bitcoins, then you would need $75 trillion worth of bitcoins. As I wrote before, that just can't happen without FRB, so the actual number of bitcoins (or dollars) needed is a fraction of that.
We should not be comparing bitcoin to dollars. They are in different markets. Bitcoin will never replace dollars. It will supplement all fiats as another foreign currency.
This seems to me like the most realistic scenario. Even if a lot of people would like BTC to replace USD, I doubt the government and other people who have power will allow it since they can't control it. If bitcoin can't learn to coexist with other currencies, someone will probably try to kill it.
if bitcoin were to overtake paper money, i'd say that there would be no government left and hell would break loose. sorry, ancaps.
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
umm except no one takes altcoins?
Maybe at some point yes, the usd will be replaced by another currency.
Guess what? IF the bitcoin will ever reach $3 million +, your $3 million will be worth nothing.
That's what I call speculation!
But to be honest, first of all I don't think that's going to happen. On the other hand, I don't think that this would be a theoretical limit only because of the reasons you stated. The market dictates how much a bitcoin is worth and the reflected amount of money (market cap) doesn't necessarily translate 1:1 to the actual value of a single unit (Bitcoin)
But to be honest, first of all I don't think that's going to happen. On the other hand, I don't think that this would be a theoretical limit only because of the reasons you stated. The market dictates how much a bitcoin is worth and the reflected amount of money (market cap) doesn't necessarily translate 1:1 to the actual value of a single unit (Bitcoin)
Since the M3 model says US$75 trillion exists in the world
dont worry they are printing then daily. Is more and more of USD every second.
Inflation is always here to make any price be limited by infinite in the long run.
But if you take the parity of purchase power today and transfer future values into current ones, you hardly see bitcoin itself with more than 100k value.
If cryptos spread an thrive, there will be a strong competition that will steal many of bitcoin's market cap. But I can't see cryptos market cap beyond a few trillions(bitcoin + all other cryptos summed)
But if you take the parity of purchase power today and transfer future values into current ones, you hardly see bitcoin itself with more than 100k value.
If cryptos spread an thrive, there will be a strong competition that will steal many of bitcoin's market cap. But I can't see cryptos market cap beyond a few trillions(bitcoin + all other cryptos summed)
The problem with measuring bitcoin valuation compared to fiat is that fiat could be totally worthless in future. Fiat is subject to monetary policy and can be inflated without limits. M3 can easily change and $3.5 millions might only buy you a slice of bread in future.
Calculating the potential future value of bitcoin is complicated further by the lack of knowledge regarding the adoption scenario. Will everybody use it for everything, or will some people use it for something (for example mostly as a store of value only), or something in between?
I agree with you that bitcoin if embraced by the masses can be worth much more than today. But it's really difficult to predict how much.
ya.ya.yo!
Calculating the potential future value of bitcoin is complicated further by the lack of knowledge regarding the adoption scenario. Will everybody use it for everything, or will some people use it for something (for example mostly as a store of value only), or something in between?
I agree with you that bitcoin if embraced by the masses can be worth much more than today. But it's really difficult to predict how much.
ya.ya.yo!
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Time to add another person to the "I don't understand decimals" club.
Currently Bitcoin is the equivalent of the US dollar in cryptocurrency. No one is buying up pesos because the dollar is too expensive - think about it. Yeah, the dollar has its problems, but it's still the most valued and respected currency in the world. As is Bitcoin in the crypto world.
And regarding the select wealthy few, they will have sold LONG before it gets to 3.5 million. You see anyone from the gold rush era holding on to their 1000's of lbs of gold to this day? Nope. Everything has a price, and when it's met it gets sold.
You can't post this kind of thread until we start another rally; it's too soon.
We should not be comparing bitcoin to dollars. They are in different markets. Bitcoin will never replace dollars. It will supplement all fiats as another foreign currency.
GWP is 85Tril
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
yeah exactly that is the thing. More people using bitcoin = higher price of bitcoin, it's causing even more people to be interested in bitcoin = another cycle. Bitcoins would be worth a lot in 2-3 years if there will be no major regulations for it.
M3 model may be around $75 trillion, but how much wealth is stored in land, artwork, ect?
Mining sales will keep bitcoin capitalization down in the short run, but 50 years from now, I wouldn't be surprised to see the value of a bitcoin approaching a $billion dollars. Not saying it will, just saying I wouldn't be very surprised.
I will be surprised if a bitcoin isn't worth a $million within 12 years.
Mining sales will keep bitcoin capitalization down in the short run, but 50 years from now, I wouldn't be surprised to see the value of a bitcoin approaching a $billion dollars. Not saying it will, just saying I wouldn't be very surprised.
I will be surprised if a bitcoin isn't worth a $million within 12 years.
Bit coin will NEVER be worth $3m each. There you read it here first.
Since the M3 model says US$75 trillion exists in the world, with 21 million bitcoins, that is around US$3,500,000
There is no way that bitcoin could get to that level without fractional reserve banking. Assuming a 1:10 ratio, you should cut your value by a factor of 10.
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
You can already estimate the percentage using the ratio of the amount of currency in the world today over the current GWP. However, the velocity is likely to be higher so the percentage is likely to be lower.
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
The value of a bitcoin has not limited its adoption so far.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
People already accept a system in which a select few own nearly all of the wealth in the world. That will not be a factor.
Not going to happen. As bitcoin gets more expensive, altcoins will provide the supply needed for the utility of bitcoin (doing business) which will reduce the demand and thus price of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
Newcomers to crypto-currency aren't going to want to be part of a system where a select few have incredible wealth, hence why they will opt for altcoins instead of bitcoin.
GWP is 85Tril
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
Derivatives 1500Tril
So is btc become 100% global currency
5M btc 100Tril gwp
50M btc 1000 derivatives
Info from
www.BitcoinAlgorithm.com
At only 10% of GWP it is 500K floor support with a 1M bubble peak value
It is currently valued at .01% of GWP so .01% of GWP is 8.5Billion its current value
BTC value is tied to gwp and what % of people use it as the Bitcoin Algorithm proves
Let's keep this short and simple, the maximum price a Bitcoin can be.
Since the M3 model says US$75 trillion exists in the world, with 21 million bitcoins, that is around US$3,500,000, meaning, if all of the world's currency were to be swapped with that much, 1 US dollar could equal BTC0.00000028. (or 28 satoshies) Discuss how you think life would be like, and discuss bitcoin being worth $3m in general. Enough said. Discuss.
Since the M3 model says US$75 trillion exists in the world, with 21 million bitcoins, that is around US$3,500,000, meaning, if all of the world's currency were to be swapped with that much, 1 US dollar could equal BTC0.00000028. (or 28 satoshies) Discuss how you think life would be like, and discuss bitcoin being worth $3m in general. Enough said. Discuss.
Jump to: