Bitcoin to $14 million - page 2. | Bitcointalksearch.org

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legendary

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Bitcoin at $14,000,000 is wishful thinking. I very much doubt this can happen unless THE Dollar follows the same fate as the Zimbabwe Dollar. However I think Bitcoin will grow (price-wise) but $14M per BTC... That's insane. Maybe $13M per BTC is a bit more realistic Grin

I was about to say WTF until I realised a few seconds later you were joking Grin

I think $100,000 per bitcoin is possible within 5 or so years, let’s get to that huge number before we start thinking about millions per coin.

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Quote from: TheRomanLegion_ on November 01, 2017, 12:59:17 PM

Quote from: TimtheYoutuber on November 01, 2017, 12:56:20 PM

I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

As I said, $14 million is the maximum value of bitcoin at the moment* and would only be possible if everyone stopped using their current currencies and switched to bitcoin instead.

I am not making a price prediction but rather, a simple calculation.

*Not at this exact moment but when all coins have been mined (currently there are less than 21 million bitcoins in circulation so the maximum possible value at the current moment is technically slightly higher).

Which is never ever going to happen in a million years. The calculation may be accurate in theory but really it's not any more accurate than me saying Bitcoin is going to 10 million by next year.

TheRomanLegion_

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Quote from: Marry Finch on November 01, 2017, 01:16:47 PM

I do not think that it is necessary to be guided by such calculations and that they are correct. I also do not think that Bitcoin will ever cost less than $ 14 million, but even one million. The cost of bitcoin will increase, and this is unquestionable. However, to what extent it will increase in price, no one yet knows. 😕

Again... This is not a price prediction! I am simply outlining a best case scenario - It is highly unlikely that everyone will discard their current currencies and switch to only bitcoin. The calculation itself is not misleading - It is purely black and white.

Marry Finch

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I do not think that it is necessary to be guided by such calculations and that they are correct. I also do not think that Bitcoin will ever cost less than $ 14 million, but even one million. The cost of bitcoin will increase, and this is unquestionable. However, to what extent it will increase in price, no one yet knows. 😕

seizetehday5

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Wild I never even imagined bitcoin beyond 1 million and even realistically never imagined a bitcoin to be beyond 100-500k. I think the latter is a reasonable spot we could end up anything north of 1 million is purely insane!

TheRomanLegion_

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Quote from: TimtheYoutuber on November 01, 2017, 12:56:20 PM

I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

As I said, $14 million is the maximum value of bitcoin at the moment* and would only be possible if everyone stopped using their current currencies and switched to bitcoin instead.

I am not making a price prediction but rather, a simple calculation.

*Not at this exact moment but when all coins have been mined (currently there are less than 21 million bitcoins in circulation so the maximum possible value at the current moment is technically slightly higher).

TimtheYoutuber

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I dont think bitcoin will ever reach $1m, but I think it is possible. 14$m just seems a little stretched

pekobites

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Very interesting calculation, we should also look for the rate at which the world's assets are growing and the rate at which Bitcoin is replacing them to make a prediction of when this goal is going to be achieved

Diamondfx

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This is really amazing....

TheRomanLegion_

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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.

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