Bitcoin even though it is an extremely good payment processor, i doubt will ever reach those heights.
Gold will always remain the true form of money. However in times of quick panics in the economy and a need to transfer money instantly, Bitcoin will be considered, hence why its sudden jolts in price. Bitcoin at best will serve as internet money, while banks will use 'the blockchain' to serve their purpose and create their own digital which will be mainstream instead.
Topic: How 1BTC can eventually be worth $11M - page 5. (Read 7642 times)
Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin?
Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency.
Thats pretty weak argument, I corrected to see why:
Bitcoin won't be a global currency. There are only 2100 trillion Satoshis, and nearly 7.5 billion people. One person would have around 300 000 Satoshis each. I currently hold 400 million Satoshis, which is alot more. And think of all the Satoshis in the early adopters wallets, hundred billions. And also think of the hundred billions of lost Satoshis. Bitcoin will not become a global currency.
Well that is long for me, I think in year 2040 is a good year to have at least with 1 bitcoin to 1 million.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
In year 2100 I will just want to retire and just chilling doing nothing and sleeping. That is also why I started bitcoin in first place.
You can retire with bitcoin, because the value of it every year can go up.
Sleeping in your coffin?
Bitcoin won't be a global currency. There are only 21 million coins, and nearly 7.5 billion people. One person would have around 0.003 BTC each. I currently hold 4 BTC, which is alot more. And think of all the bitcoin in the early adopters wallets, thousands. And also think of the thousands of lost coins. Bitcoin will not become a global currency.
The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin.
The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels).
Bitcoin market cap is very misused term. The reality is if you use 100 million USD and buy Bitcoins, you might longterm increase the Bitcoin market cap by Billion of USD. This means you can have stable market value $200,000 per Bitcoin without the need to use $4 trillion USD to buy Bitcoins...
you guys still thinking in conversion rate.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
Will that beach front property be less than $1m? The US has vast amount beaches, the price varies a lot.
The US treasury or the US national debt is about $20 trillion, http://www.reuters.com/article/us-usa-fiscal-debt-idUSKCN0SG1PH20151022.
That needs money to buy.
That needs money to buy.
If I have a $100,000 mortgage on my house, I don't need $100,000 to pay it off. I only need $700 (each month). And while, money is based on debt, it is mostly virtual money created by FRB. The real money (if you can call it that) is the monetary base. Since FRB is possible with Bitcoin, it makes more sense to compare the number of bitcoins to the monetary base (MB or M0), not M1, M2, M3 or M4.
The combined value of M0 M1 and M2 is around 20 Trillion USD. The way money works is funny because all money is debt. That's what gives it its value. If each Bitcoin is worth 11 Million it would wipe out all of the worlds debt and fiat would go extinct. A plethora of problems will occur if each Bitcoin is worth 11million, It won't ever happen.
Maybe in an alternate universe, because a universe exists for every possible scenario but not this one.
The US treasury or the US national debt is about $20 trillion, http://www.reuters.com/article/us-usa-fiscal-debt-idUSKCN0SG1PH20151022.
That needs money to buy.
That needs money to buy.
If I have a $100,000 mortgage on my house, I don't need $100,000 to pay it off. I only need $700 (each month). And while, money is based on debt, it is mostly virtual money created by FRB. The real money (if you can call it that) is the monetary base. Since FRB is possible with Bitcoin, it makes more sense to compare the number of bitcoins to the monetary base (MB or M0), not M1, M2, M3 or M4.
You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen
If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin.
The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels).
The US treasury or the US national debt is about $20 trillion, http://www.reuters.com/article/us-usa-fiscal-debt-idUSKCN0SG1PH20151022.
That needs money to buy.
You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen
If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
I'm not sure what you mean by "the US treasury is about $20 trillion", but the St. Louis Adjusted Monetary Base is about $4 trillion, so $4 trillion divided by 20 million bitcoins is $200,000 per bitcoin.
The value of a bitcoin will exceed $200,000 only if all the dollars are replaced by bitcoins (assuming FRB at current levels).
Now, lets say that every Bitcoin somehow becomes worth $11,000,0000.
There are 21,000,000 Bitcoins in total. That would mean all the Bitcoins in existence would be worth 231,000,000,000,000
231 Trillion USD.
Some estimates suggest that all the money on earth would be worth around 20 Trillion USD.
That means that Bitcoin would become so valuable that it would surpass the total global wealth, a HIGHLY unlikely event.
Even if that did happen, it would drive inflation crazy.
maybe hyper-inflation would be the sole reason, why so much money will flow into bitcoin. Money cannot be destroyed, it's just transferred from one place to another. If people see their wealth diminishing within few years, they'll look for alternatives. I've heard of people even buying ovens to hedge against inflation. If bitcoin ever becomes more valuable than USD, which it most likely will(how long it'll take, I'm not so sure).There are 21,000,000 Bitcoins in total. That would mean all the Bitcoins in existence would be worth 231,000,000,000,000
231 Trillion USD.
Some estimates suggest that all the money on earth would be worth around 20 Trillion USD.
That means that Bitcoin would become so valuable that it would surpass the total global wealth, a HIGHLY unlikely event.
Even if that did happen, it would drive inflation crazy.
Governments will most likely try to fight to gain control again, but that would cause more panic. Which would cause bigger inflation.
Now, lets say that every Bitcoin somehow becomes worth $11,000,0000.
There are 21,000,000 Bitcoins in total. That would mean all the Bitcoins in existence would be worth 231,000,000,000,000
231 Trillion USD.
Some estimates suggest that all the money on earth would be worth around 20 Trillion USD.
That means that Bitcoin would become so valuable that it would surpass the total global wealth, a HIGHLY unlikely event.
Even if that did happen, it would drive inflation crazy.
There are 21,000,000 Bitcoins in total. That would mean all the Bitcoins in existence would be worth 231,000,000,000,000
231 Trillion USD.
Some estimates suggest that all the money on earth would be worth around 20 Trillion USD.
That means that Bitcoin would become so valuable that it would surpass the total global wealth, a HIGHLY unlikely event.
Even if that did happen, it would drive inflation crazy.
you guys still thinking in conversion rate.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
20 years is a long time I expect to buy a new house with the same amount in less than 10 years.Everyone must keep atleast one bitcoin with them here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
you guys still thinking in conversion rate.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
here is my BOLD prediction.
I will buy a beach front property in the US for less than .75 BTC in less than 20 years.
You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen
Oh really tell me more? $11million for one Bitcoin lolol
But it's not easy that the bitcoin becomes a reserve currency instead of Dollar , it's really likely impossible nowadays. That's why reaching this huge price for the Bitcoin's crypto currency isn't expected in the near future at least.
It will never be a reserve currency nor will it reach anywhere near that stupid amount unless massive inflation hits the dollar and $1,000,000 is pretty much worthless.
If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
But it's not easy that the bitcoin becomes a reserve currency instead of Dollar , it's really likely impossible nowadays. That's why reaching this huge price for the Bitcoin's crypto currency isn't expected in the near future at least.
It will never be a reserve currency nor will it reach anywhere near that stupid amount unless massive inflation hits the dollar and $1,000,000 is pretty much worthless.
If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
But it's not easy that the bitcoin becomes a reserve currency instead of Dollar , it's really likely impossible nowadays. That's why reaching this huge price for the Bitcoin's crypto currency isn't expected in the near future at least.
You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen
If the bitcoin becomes a reserve currency, the price will reach $11m eventually. The US treasury is about $20 Trillion, divided by 20 m bitcoin, that is $1m for each bitcoin.
You are right. There is a chance that this will happen. I just really doubt it. There is a very small chance it will happen. I think the max Bitcoin will reach is $10,000.
I agree, and even i think that reaching this amount $10k is not easy and may be need few years to happen if it's possible of course. But i don't think that bitcoin's price will reach $11M it's likely very hard to happen
It's always good to remember that you should always have one forever kept safe, at least 1. But if you want to be sure to become a "local whale" so to speak, get yourself 21 BTC and save them, then spend anything above those 21 BTC knowing you will always have this 21 BTC saved no matter what. This is my goal and i've seen a lot of other people are trying to achieve this too. I hope I can do it before it's too late.
I also have a plan to accumulate as many as I can and join the 1 million club, no more 1 million in the world can have more bitcoin than I.
It's actually less, consider all the coins that are lost forever and consider the fact that we will not be alive by the time the total supply is mined, with 21 BTC you are in an elite smaller than 1 million, maybe 700-800K people can have 21 BTC.
It's always good to remember that you should always have one forever kept safe, at least 1. But if you want to be sure to become a "local whale" so to speak, get yourself 21 BTC and save them, then spend anything above those 21 BTC knowing you will always have this 21 BTC saved no matter what. This is my goal and i've seen a lot of other people are trying to achieve this too. I hope I can do it before it's too late.
I also have a plan to accumulate as many as I can and join the 1 million club, no more 1 million in the world can have more bitcoin than I.
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