How 1BTC can eventually be worth $11M - page 3.

newcoins1978

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Quote from: romero121 on January 20, 2016, 06:32:16 AM

Quote from: Blue_Panda73 on January 20, 2016, 06:21:04 AM

Quote from: virtualdn on January 19, 2016, 12:46:29 PM

15 million coins in circulation is a very low volume. if you hold at least 1 BTC you may have a nice surprise sooner or later.

I predict any value between $5,000 and $50,000 in the following 3-10 years.

I think the prediction is quite possible. It also depends if bitcoin can survive the next few crisis like the one we just experienced.

I don't think that it will happen because 11M$ which is very very high when we consider the current value which is just 380$

All of this would need time. Bitcoin needs time to grow.
I think it's too soon to actually speculate on this since not all the coins are mined yet.
Even though I do believe bitcoin has the potential to grow like that, we won't be here to witness this.

romero121

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Quote from: Blue_Panda73 on January 20, 2016, 06:21:04 AM

Quote from: virtualdn on January 19, 2016, 12:46:29 PM

15 million coins in circulation is a very low volume. if you hold at least 1 BTC you may have a nice surprise sooner or later.

I predict any value between $5,000 and $50,000 in the following 3-10 years.

I think the prediction is quite possible. It also depends if bitcoin can survive the next few crisis like the one we just experienced.

I don't think that it will happen because 11M$ which is very very high when we consider the current value which is just 380$

Blue_Panda73

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Quote from: virtualdn on January 19, 2016, 12:46:29 PM

15 million coins in circulation is a very low volume. if you hold at least 1 BTC you may have a nice surprise sooner or later.

I predict any value between $5,000 and $50,000 in the following 3-10 years.

I think the prediction is quite possible. It also depends if bitcoin can survive the next few crisis like the one we just experienced.

virtualdn

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15 million coins in circulation is a very low volume. if you hold at least 1 BTC you may have a nice surprise sooner or later.

I predict any value between $5,000 and $50,000 in the following 3-10 years.

Slark

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Quote from: techmanuk on December 15, 2015, 09:48:05 AM

$11m per BTC is hugely optimistic for between 2040 and 2100. I really cannot see it going beyond high 5 figures or low end 6 figures in that time frame.

Bitcoin is a very good idea, but the world is not going to throw all of its eggs into one basket.

Yes, it is overly optimistic. For me this $11kk bitcoin price is pure speculation and it is not based on any real facts but rather wishful thinking of bitcoiners.
I am afraid that we will never again gonna see more price spikes of bitcoin that we alredy have seen, from almost $1 to $1000 in 4 years. 1000% growth was the best what bitcoin could achieve.

xdrpx

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That's some very optimistic figure there. But to be honest no one can really predict if Bitcoins would be even worth $11 Million or more or less, instead maybe we can except that if there would be huge merchant adoption as years progress we could see a lot of improvements. I may or may not be there till 2100's xD but if I would be and if that did happen, I'll try and remember this day.

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Quote from: Blue_Panda73 on January 19, 2016, 07:23:46 AM

Quote from: stepwilli on January 19, 2016, 12:52:23 AM

When we start bitcoin trading with base unit as Satoshi, things will change drastically. Usually all companies do this by "splitting" their stocks.

I think that is the other way around. When the bitcoin price becomes very high, we will start using Satoshi as the main unit of bitcoin.

If you read the post above correctly that is exactly what he said. This thread and the dreamers of $1million plus per bitcoin is quite amusing. Isn't it amazing we are all going to be rich for just holding a bitcoin or two. When people will wake up they will quickly realize.

Blue_Panda73

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Quote from: stepwilli on January 19, 2016, 12:52:23 AM

When we start bitcoin trading with base unit as Satoshi, things will change drastically. Usually all companies do this by "splitting" their stocks.

I think that is the other way around. When the bitcoin price becomes very high, we will start using Satoshi as the main unit of bitcoin.

sana54210

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Quote from: stepwilli on January 19, 2016, 12:52:23 AM

When we start bitcoin trading with base unit as Satoshi, things will change drastically. Usually all companies do this by "splitting" their stocks.

Yes, this has been already discussed here in some other thread.
I believe this splitting on bitcoin would be inevitable in future. Changing base unit into satoshi for trading is interlocked with bitcoin prices.
Higher bitcoin prices will force to change of base unit of trading <-> Changing base unit will fetch us higher bitcoin prices.

futureofbitcoin

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I don't particularly think that bitcoin will even exist in its current form in 2100. That said, you guys need to look at this in perspective.

In 2060, it is predicted that there will be 10 trillionaires in the world. 10 individuals with over a trillion dollars net worth. And as we know, no.1 will probably be worth A LOT more than no.10, and will likely have multiple trillions. Even in the worst case scenario, a mere 10 people will have 10 trillion dollars net worth in total.

By 2100, it's quite possible that trillionaires will be as common place as billionaires are now, and billionaires will be as common place (or maybe even more common) than millionaires now. The total global wealth in 2100 will be many, many, many multiples of what it is today. 11 million dollars might be a normal yearly salary for people at that time. Who knows?

stepwilli

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When we start bitcoin trading with base unit as Satoshi, things will change drastically. Usually all companies do this by "splitting" their stocks.

avikz

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That's too good to dream about!

I don't know whether it will really become 11M USD or not..but one thing we need to keep in our mind that the supply of bitcoin is limited and the demand is increasing day by day. So the price of bitcoin will be skyrocketing as per the normal rule of economics. That's why I am only accumulating it, not selling.

fuathan

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Aleph.im

My prediction is same but not that optimistic. I plan to save as much btc as I can so if one day BTC worth 6 or 7 digit numbers I can be rich!.. Grin

Bit_Happy

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A Great Time to Start Something!

How 1BTC can eventually be worth $11M
Many of us tend to underestimate the value of scarcity. Wealthy people will eventually pay huge prices for the status and thrill of owning "an entire Bitcoin".

dagelf

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AtheistAKASaneBrain

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I like the comparation that some people make to Berkshire Hathaway stock class A (BRK-A) that went from 40 to 200K. I think this stock could give us keys on how a stock that can be so high per unit may behave while it goes up.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

We will need a group of Billionaires who will just put their finger on "buy" button all the time unless it reaches even $1M... Wink

This is seriously stupid to speculate on the price of BTC like this, because we have not even seen $10k yet, so $11M is too far to ever be seen...

bob123

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Personally i dont think BTC will reach such a price in such a short time. But hey.. everything is possible

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Quote from: astrocity1981 on January 10, 2016, 01:14:28 AM

I think it will be around 650, but 2107 it will be in the price range of around $1200 usd. Majority of the panic sellers have thinned out and a stable price per year will be more beneficial for long term growth. I am not expert its just guessing because Bitcoin really fluctuates against world economy and after watching big short I think another economic disaster is in the works by the Big Banks.

I think we will see the bitcoin price to be $1200 in June this year. In 2017 the price will be $3000-5000.

Yakamoto

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Quote from: Amph on January 09, 2016, 07:57:15 AM

Quote from: NorrisK on January 09, 2016, 05:12:38 AM

Quote from: lottery248 on January 08, 2016, 08:49:46 AM

if the bitcoin block halves, demand remains the same, then the price of bitcoin doubles every 4 years, probably the price of bitcoin could reach at least 10 million (normally) within 60 years. if the demand doubles, then the price quadruples. Huh

i am not sure if it would happen.

When do you people stop spreading the halving will double the price bullshit?

New supply will halve, not total supply. There for price will not double, but a slight rise is possible due to less new coins on sale.

actually it's not a bullshit, the price already went 2x, from 230, so you see it has a reason

keep this in mind, the miners will make everything in their hand to have the same profit they hd the last year the year before and so on

so if in the year 2013, they had a margin profit of x, the price need to increase by a y amount to compensate

There's a 2x increase because there are people getting out of other currencies and trying to preserve some of their wealth. This is also coupled by people hyping the doubling in price that the block halving will supposedly cause, and the strong predictions for the future of Bitcoin from sources like Bloomberg and other investors.

Plus we see stock markets fall further and further each day, so it is possible more people are backing out of other conventional markets to try and hedge against what could be a worse repeat of 2009.

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