lol if it was a religion it would be exempt from laws and tax's, not a bad idea. id join the religion lol.
I believe in bitcoin.
Topic: Bitcoin valuation - page 2. (Read 3544 times)
yeah bitcoin will be hundreds of thousands 1day assuming nothing goes horribly wrong with the technology.
lol if it was a religion it would be exempt from laws and tax's, not a bad idea. id join the religion lol.
I believe in bitcoin.
lol if it was a religion it would be exempt from laws and tax's, not a bad idea. id join the religion lol.
I believe in bitcoin.
If Bitcoin gains the market cap that Apple had before the iPhone 5 fiasko, each coin would be worth $30 500!
But that would require Bitcoin to become a religion, we need a Steve Jobs-figure in the Bitcoin-religion.
But that would require Bitcoin to become a religion, we need a Steve Jobs-figure in the Bitcoin-religion.
Bitcoin is definitely boom or bust but the ceiling is closer to 100,000.
Here is an (old but) interesting article on the subject:
http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/
Falkvinge put his money where his mouth was when he went all in a couple of years ago, a good investment so far.
http://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/
Falkvinge put his money where his mouth was when he went all in a couple of years ago, a good investment so far.
http://www.reddit.com/r/Bitcoin/comments/1b0kj8/440000_each_a_best_case_scenario_for_bitcoin/
One bitcoin could potentially be worth up to $1 million in a best case scenario.
One bitcoin could potentially be worth up to $1 million in a best case scenario.
Yes, people have done this and yes the numbers all come back insanely larger than where we are now. In the end the only thing that is for sure is that the price will either be >1000 in 5 years or 0.
Seems reasonable. Either heaven or hell.
I think 1 BTC = 1 oz Gold might be a good rule of thumb in a scenario where Bitcoin is the no. 1 internet currency & payment method.
Yes, people have done this and yes the numbers all come back insanely larger than where we are now. In the end the only thing that is for sure is that the price will either be >1000 in 5 years or 0.
Has anyone made a serious valuation on bitcoin with different scenarios?
We can compare Bitcoin to other assets in the world:
Gold: 10 Trillions $ - If 0,1% all gold holdings in the world were diversified into BitCoin the valuation would be 10 Billions $ -> 476 $/BTC
GDP/capita of the median country (Albania): 9000 $/capita. Median population/country in the world: 9 million people. Money spent online: 10% of GDP??
If bitcoin was a median country and the assets were equally distributed the average joe would have 2,3 BTC worth 9000$*10% = 900$ -> 391 $/BTC or a total market cap of 8 Billion $
Stock market cap: All publicly listed stocks in USA is worth almost 18 Trillion $ according to http://data.worldbank.org/indicator/CM.MKT.LCAP.CD
If 0,1% of that value were to be diversified into Bitcoin: 18 Billion $ -> 857 $/BTC
Money supply of USA (M1): 2 Trillions $ http://en.wikipedia.org/wiki/Money_supply#United_States
If we assume that Bitcoin is a miniature of USA with an economy worth 4% of the USA the money supply needed would be worth 80 Billion $ -> 3809 $/BTC
Conclusion:
If we just take the average valuation we end up on 1383 $/BTC or a market cap of 29 Billion $.
All figures are based on 21 million bitcoins.
Please present other relevant valuation models that can help us value bitcoin in a realistic (optimistic) scenario.
We can compare Bitcoin to other assets in the world:
Gold: 10 Trillions $ - If 0,1% all gold holdings in the world were diversified into BitCoin the valuation would be 10 Billions $ -> 476 $/BTC
GDP/capita of the median country (Albania): 9000 $/capita. Median population/country in the world: 9 million people. Money spent online: 10% of GDP??
If bitcoin was a median country and the assets were equally distributed the average joe would have 2,3 BTC worth 9000$*10% = 900$ -> 391 $/BTC or a total market cap of 8 Billion $
Stock market cap: All publicly listed stocks in USA is worth almost 18 Trillion $ according to http://data.worldbank.org/indicator/CM.MKT.LCAP.CD
If 0,1% of that value were to be diversified into Bitcoin: 18 Billion $ -> 857 $/BTC
Money supply of USA (M1): 2 Trillions $ http://en.wikipedia.org/wiki/Money_supply#United_States
If we assume that Bitcoin is a miniature of USA with an economy worth 4% of the USA the money supply needed would be worth 80 Billion $ -> 3809 $/BTC
Conclusion:
If we just take the average valuation we end up on 1383 $/BTC or a market cap of 29 Billion $.
All figures are based on 21 million bitcoins.
Please present other relevant valuation models that can help us value bitcoin in a realistic (optimistic) scenario.
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