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Topic: How far can Bitcoin go? - page 20. (Read 2305 times)

full member
Activity: 392
Merit: 101
January 09, 2018, 07:59:44 PM
#28
About the market cap, bitcoin cannot reach the same amount. If what you are referring to is for 1 BTC to be equivalent of say 219000000. If that is the case then answer is Yes and No, It may reach that amount but it will take a very long time. The price is dependent on the law of supply and demand, meaning to say that if there is no demand then it will not reach the said price and if ever it reaches that price market cap by that time will also double or triple the current price.
I will answer No, because to achieve the same amount is very difficult especially 1 BTC is difficult also equal to 219000000 because have to wait long enough time for achievement worth 219000000.
full member
Activity: 518
Merit: 100
January 09, 2018, 07:40:57 PM
#27
There are many topics around exactly like this one. Obviously everyone keep asking the same questions and wonders how far can go yet no one has the right answer about that. I think it’s just the beginning..  Smiley
No one can give an accurate and correct answer, because no one knows how far he will go, the excess of this bitcoin that can not be predicted how far he will go, we can only hope that bitcoin will become more famous. and of course the greater the value from now.
full member
Activity: 387
Merit: 100
January 09, 2018, 07:03:10 PM
#26
I am expecting  to last it for a long time but there  is no great assurance  but I am sure that the existence  of bitcoin and some alts varies from the supportive users. It will surely  goes up and continue to rise until $50000 or much higher this year.
member
Activity: 473
Merit: 11
January 09, 2018, 06:48:41 PM
#25
All time high going to $19.6k isn't it?
for this year I just hope the prediction of some bitcoin experts will be the fact that bitcoin will be $ 500k, though we'll know that there will be also the worst obstacle. but we think with logic alone, what is the average percentage increase from year to year
full member
Activity: 238
Merit: 100
January 09, 2018, 06:47:52 PM
#24
I don't know the answer for sure but marketcap doesn't mean that there is 200 billion dollars liquidity and it could pay every bitcoin holder. Hypothetically, If everyone decides to cash out at once, then the last person will be the one with bitcoin only worth whatever the current buy/ask price is (likely crashing the market).  Bitcoin can go as high as the person who wants to purchase the price at the seller's rate.
full member
Activity: 350
Merit: 100
January 09, 2018, 06:45:55 PM
#23
How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?

I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?

the answer you can find it in Finance News, many experts said that BTC can hit 500 000§ each, but no one know, people scared,
hero member
Activity: 1568
Merit: 549
Be nice!
January 09, 2018, 06:44:33 PM
#22
There are boundaries on the growth of its price. Bitcoin, being decentralized, has unlimited possibilities. The supply is getting thinner overtime so the price will just continue to increase though there are fluctuations and dumps at some point. By looking at the big picture, it is just getting bigger and bigger.
member
Activity: 104
Merit: 10
January 09, 2018, 06:43:32 PM
#21
I think in the near future bitcoin will easily reach 1 million USD and the world of crypto will look very different in 10 years or so. Bitcoin will stabilize to some level and will become the gold of Cryptocurrencies and people will use to store their wealth, while different outcomes will serve different needs and purposes. I think such a strong and rapid growth of it is due to the fact that everyone is waiting for his regular growth. In addition, more and more business representatives recognize bitcoin as a means of payment.

No doubt that the price of bitcoin will keep going up, it is becoming better and improving per months that you hold it. But the decision is completely yours, you need to make sure that you won't regret anything in your life.
full member
Activity: 202
Merit: 100
January 09, 2018, 06:42:07 PM
#20
If same high Txn fees remain than i don't feel that it can go too much far in term of market cap as old crypto-players start shifting to altcoin now.

Doubt txn fee will remain as high and my guess for the general ceiling right now for bitcoin is in the range of 400k-1million dollars per bitcoin. I say this amount because 400k is the amount to rival gold marketcap in the world which is at 8 trillion dollars.
sr. member
Activity: 481
Merit: 256
January 09, 2018, 06:24:20 PM
#19
If same high Txn fees remain than i don't feel that it can go too much far in term of market cap as old crypto-players start shifting to altcoin now.
member
Activity: 182
Merit: 10
January 09, 2018, 05:23:12 PM
#18
In my opinion nobody can estimate that how far bitcoin can go. It depends on people whether they will use it in real life or not. Otherwise everybody can say that bitcoin is a real balloon. So the most important question here is will people accept bitcoin and altcoins as a payment method in their real life.
full member
Activity: 308
Merit: 100
January 09, 2018, 04:28:49 PM
#17
The market cap of stock market and the forex is like a huge fortress compared to btc`s market cap and there is no reason why btc can`t go into 200.000.000 and reach that cap.
member
Activity: 168
Merit: 10
January 09, 2018, 04:10:56 PM
#16
Well if you ask the experts it will be sky is the limit,because a lot of people are investing to BTC everyday.
member
Activity: 182
Merit: 10
Create Your Decentralized Life
January 09, 2018, 01:53:47 PM
#15
There is no limit in what BTC's far can go,but a decent portion of the world's total money is a good thing like 20-30% of the money in the world.
member
Activity: 140
Merit: 10
January 09, 2018, 01:53:05 PM
#14
No one can say for sure, especially since there is a lot of uncertainty surrounding the crypto environment as a whole. But as a placeholder prediction, if everything goes alright, I'm thinking that eventually reaching $100K is not a dream.
sr. member
Activity: 602
Merit: 251
January 09, 2018, 01:48:29 PM
#13
How far can Bitcoin go guys? If the the Market Cap currently is $219 000 000 000, can Bitcoin ever be worth $200 000 000 000 with this market cap?

I am just curious, is the Bitcoin (or any coin) price caped by the Market Cap? Or the finite number of fiat money in the world?
Can a coin be worth more than it's market cap or can the value of a coin be equal with it's market cap if it's intensively traded/used?

The price of bitcoin cannot meet it's marketcap, and cannot suppass the marketcap. The growth in bitcoin price is caused by contious investors who comes into crypto currencies. And to the little I know, price rise = rise in market price
member
Activity: 392
Merit: 10
Spanish Translator
January 09, 2018, 01:39:39 PM
#12
I think that the price of Bitcoin will reach his maximum soon. I think that something around 100k USD is the true value of Bitcoin.
legendary
Activity: 1092
Merit: 1001
January 09, 2018, 01:37:26 PM
#11
Do not be fooled by the market cap. It is just a mere multiplication of the current price and the total circulating supply and nothing else. Thus, the market cap is not there to dictate the past, current, nor future price

The marketcap is the most easiest way to control the price and see if there are being some changes or not.

I dont think the same as you... You should know that a lot of people are just following the price by the marketcap, in fact, i am doing exactly that.

And if we take in consideration that bitcoin has decreased it's dominance, we should be much, much more scared.

But bitcoin can go as far as it wants to. It is all depending on how much money are people looking to invest.
sr. member
Activity: 375
Merit: 250
January 09, 2018, 01:34:27 PM
#10
There are many topics around exactly like this one. Obviously everyone keep asking the same questions and wonders how far can go yet no one has the right answer about that. I think it’s just the beginning..  Smiley
newbie
Activity: 12
Merit: 0
January 09, 2018, 01:28:59 PM
#9
Since the price of Bitcoin is changing in random circumstances, I can say that it can reach the market cap sooner or later, but then change again since it is very unpredictable.
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