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Topic: Bitcoin to $14 million (Read 848 times)

member
Activity: 183
Merit: 25
November 27, 2017, 05:10:06 AM
#30
Awesome post. Let's hope so. Especially with the recent growth.  Smiley
member
Activity: 74
Merit: 11
November 07, 2017, 07:47:46 PM
#29
I would just like to add, that the potential value could be higher due to derivatives etc.
full member
Activity: 630
Merit: 100
November 06, 2017, 11:29:16 AM
#28
It's pointless to discuss the cost of bitcoin in the distant future. You are not cyborgs, and you simply will not live to this time. The question is different, here it is said that only bitcoin is worthy of attention. But this is not so, with time more sophisticated coins, such as the etherium, will appear. Coins that will be better, and bitcoin can easily get off the pedestal.
member
Activity: 74
Merit: 11
November 06, 2017, 09:14:17 AM
#27
I don't think that Bitcoin will reach that high. Why would people still use Bitcoin when there are far better cryptos everywhere ?

Because they have the widest adoption so far I guess.
full member
Activity: 336
Merit: 100
November 02, 2017, 09:38:38 AM
#26
lets its gonna be true)
newbie
Activity: 23
Merit: 0
November 02, 2017, 05:24:53 AM
#25
I don't think that Bitcoin will reach that high. Why would people still use Bitcoin when there are far better cryptos everywhere ?
member
Activity: 183
Merit: 25
November 02, 2017, 05:20:36 AM
#24
Nice computation I didn't have any idea on how much the world has total assets. But talking about millions of bucks? I'm only thinking about with John McAfee's prediction about eating his D on national TV if bitcoin will not reach $500,000. It is my only hope but this will be the time that every person that has 1 bitcoin will belong to the millionaires club and this world will be totally turned into a world of cryptocurrency. Every transaction will be cashless, can't wait for this day.

It will be a truly revolutionary day. Personally, I think that the whole world will have switched to cryptocurrencies by 2025. Provided that the government doesn't interfere of course. Right now, I think that the American, Russian and Chinese government could destroy any cryptocurrency that they want. Let's just hope that they don't  Smiley
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
November 02, 2017, 05:12:16 AM
#23
Nice computation I didn't have any idea on how much the world has total assets. But talking about millions of bucks? I'm only thinking about with John McAfee's prediction about eating his D on national TV if bitcoin will not reach $500,000. It is my only hope but this will be the time that every person that has 1 bitcoin will belong to the millionaires club and this world will be totally turned into a world of cryptocurrency. Every transaction will be cashless, can't wait for this day.
member
Activity: 183
Merit: 25
November 02, 2017, 05:05:21 AM
#22
real world.

if we calculate just 1% of all assets, it should be 140,000$ per bitcoin

Do you mean $14,000?
member
Activity: 118
Merit: 10
November 02, 2017, 12:49:30 AM
#21
real world.

if we calculate just 1% of all assets, it should be 140,000$ per bitcoin
newbie
Activity: 29
Merit: 0
November 02, 2017, 12:31:58 AM
#20
It is feasible, bitcoin can get to that price if everyone switches to bitcoin and forget fiat.
Nice calculation
hero member
Activity: 1008
Merit: 510
November 01, 2017, 09:11:33 PM
#19
Considering that money (i.e. Bitcoin) is a merely representation of assets to provide a medium of exchange:

Code:
The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million

294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin

Of course, this metric and calculation is only viable if all other currencies are rendered useless and bitcoin is the only currency that is used; In Layman's terms, this is the maximum amount of monetary value one bitcoin could represent**.

*https://www.marketwatch.com/story/global-stock-market-cap-has-doubled-since-qes-start-2015-02-12
**If no more assets are either, created or destroyed.

Not going to happen. Fiat currencies aren’t going away and government currencies aren’t going away. There are also many other cryptocurrencies and some of them will have a place in the world economy as well.

Two other reasons why it can’t happen is that fees are going to get too high to make small transactions with Bitcoins and transaction time is going to take too long for its widespread usage.
member
Activity: 102
Merit: 10
November 01, 2017, 05:37:59 PM
#18
Bitcoin is still the pace setter with cryptocurrency. Still it's potential is still quite immense
newbie
Activity: 32
Merit: 0
November 01, 2017, 05:34:03 PM
#17
It would be interesting it we did the math again, but excluding the top 50 nations in terms of GDP. So basically assume that the top 50 nations have there basket of currencies, then the rest of the world has its currency. The reason this would be interesting is that the big nations don't have to contend with the same level of currency instabilities.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
November 01, 2017, 05:31:20 PM
#16
It will never happen because world assets are never divided equally. It's of course a cute little comparison but I can't see everyone suddenly switching to BTC. Why would they? Even if they wanted to differentiate I doubt they would invest a large percentage of their assets into it. It would be something like let's put 5% into cryptos in case it blows up and doubles its value next year.
full member
Activity: 826
Merit: 104
November 01, 2017, 05:30:00 PM
#15
ofcourse its so amazing!and your equation is cool.lets enjoy this bitcoin era Smiley
full member
Activity: 518
Merit: 102
November 01, 2017, 05:26:24 PM
#14
Wao to be so blessed those who have at least one bitcoin, the truth is that in the future will be very expensive, only this year from $ 900 in January to $ 6600 today, fantastic.
full member
Activity: 207
Merit: 101
November 01, 2017, 05:17:04 PM
#13
Considering that money (i.e. Bitcoin) is a merely representation of assets to provide a medium of exchange:

Code:
The total world assets* = $294 trillion
Total amount of Bitcoins = 21 million

294 trillion / 21 million = 14 million
$14 million = 1 Bitcoin

Of course, this metric and calculation is only viable if all other currencies are rendered useless and bitcoin is the only currency that is used; In Layman's terms, this is the maximum amount of monetary value one bitcoin could represent**.

*https://www.marketwatch.com/story/global-stock-market-cap-has-doubled-since-qes-start-2015-02-12
**If no more assets are either, created or destroyed.

You can try to do your calculation by replacing the "Total World assets" with "Total USD already printed and in circulation."
member
Activity: 74
Merit: 11
November 01, 2017, 04:58:36 PM
#12
wow amazing calculation bitcoin is growing very fast i don't say when bitcoin $14 million but i think after 5-10 year  bitcoin grow amazing speed.

Hopefully. Bitcoin just needs to scale a little better.  Smiley
newbie
Activity: 44
Merit: 0
November 01, 2017, 02:23:28 PM
#11
wow amazing calculation bitcoin is growing very fast i don't say when bitcoin $14 million but i think after 5-10 year  bitcoin grow amazing speed.
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