how we can grow up price bitcoin | Bitcointalksearch.org

inca

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Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

Patently false.

The market cap is simply the price of a single coin multiplied by all the coins in existence. However if you tried to buy or sell that number of coins the price would massively fluctuate.

It only takes a relatively small amount of direct currency investment to drive the price up (or selling to drive it down) in comparison with the market cap because the market is so thin.

This is what will drove previous bubbles and what will drive the next. Hopefully with an ETF providing even more of a liquidity suck.

fluidjax

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We all have the power to increase the price of Bitcoin, just buy more, but perhaps we don't have the means.

Newbie1022

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$1000 to $1500 by October... non-stop good news + student loan gamblers + despair + stock market's traditional summer lag + increasingly secure exchanges and wallets + Chinese economic problems + some movement on the Google Trends dial = things are about to get real real.

Malin Keshar

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Quote from: wobber on July 03, 2014, 07:04:53 PM

Quote from: Biodom on July 03, 2014, 05:24:17 PM

Quote from: gentlemand on July 03, 2014, 05:03:01 PM

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.

This is bullish, but long-term. Most millionaires are not remotely interested in bitcoin yet.

emphasis on yet. Some are not yet, but others are heavy in already.

Others entered the millionaire group due to bitcoin.

kireinaha

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I lol every time someone says that bitcoin needs more publicity and marketing to succeed. That NASCAR promotion really worked out well for dogecoin, didn't it? This is a currency, not a soft drink and we don't need Super Bowl commercials or other bullshit like that. On the contrary, all that does is reinforce the idea that bitcoin is some kind of pyramid scheme to all the detractors out there.

Bitcoin spreads by word of mouth. How else do you think it went from $12 to $1200 in 2013? Somebody invested, made money, told their friends who then also invested and told more friends. I don't see that pattern breaking any time soon.

vuduchyld

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Quote from: franky1 on July 03, 2014, 09:30:09 AM

those shouting for a price rise now are usually those that hold only 1btc or less, they want to turn pennies into millions.. purely to then go back to fiat and let the bankers profit from their fiat.. missing the whole point of bitcoin

smart people want more innovation within bitcoin to expand first. and have proper experienced people making proper exchanges, shopping, services. rather than basement dwellers making basic php/sql exchanges in the evenings between college.

no point asking for a price rise just for the sake of fiat lovers. always best to get the innovation and infrastructure in-place first. and give people more opportunity to buy in. then the price will continually rise at a stable rate and ensure bitcoin community truly flourishes.

Great post

zimmah

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Sure, if no one sells for less than $1000000 than a bitcoin would be worth $1000000 Roll Eyes

the problem is you can't make everyone agree to sell for a set price, that's why it's an open market.

InwardContour

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Quote from: Biodom on July 03, 2014, 05:24:17 PM

Quote from: gentlemand on July 03, 2014, 05:03:01 PM

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.

Every one allocating their investments in the same way can lead to economic devastation as prices would crash when there is a small economic decline causing people to sell a modest amount of their investments.

wobber

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Quote from: Biodom on July 03, 2014, 05:24:17 PM

Quote from: gentlemand on July 03, 2014, 05:03:01 PM

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.

This is bullish, but long-term. Most millionaires are not remotely interested in bitcoin yet.

Biodom

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Quote from: gentlemand on July 03, 2014, 05:03:01 PM

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin.
It is typical for millionaire home offices to allocate at least 5% to alternative investments.
If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%).
This does not even take into consideration the other 99.4% of the humanity.

criptix

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Quote from: gentlemand on July 03, 2014, 05:03:01 PM

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

please look at the daily volume, if we have good days its like 50-60 k btc volume. thats more or less 50 million $.
and you are talking about 90+ billion. the prices would jump past the 50.000$ per btc for sure.

gentlemand

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Welt Am Draht

Quote from: Brewins on July 03, 2014, 04:59:34 PM

Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy.

Brewins

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Activity: 1120

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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion

How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions

DustyRah

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Activity: 533

Merit: 251

Quote from: GangkisKhan on July 03, 2014, 12:55:26 PM

Everyone contributing a bit will help.

Such as offering a service and product to accept bitcoin.

My company not only accepts payments in Bitcoin but also provides a discount if paid in Bitcoin. We actually are able to process orders more efficiently due to almost negligible fraudulent orders using Bitcoins.

DustyRah

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Quote from: helmax on July 03, 2014, 06:20:35 AM

people i dont know if you have this idea

but if we grow up price bitcoin ? ask more money for bitcoin

this is like a boom !

like 5000$

Bitcoin is a currency and not a stock. Good luck with your antics but be careful, you may lose all your money!

ixne

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Quote from: BillyBobJoe on July 03, 2014, 11:50:02 AM

Quote from: ixne on July 03, 2014, 08:41:04 AM

I don't know how people expect to "see" others spending their bitcoins. In any case, its time for this argument to die.

There is nothing on my shopping list, plans to purchase anything, that I can spend on.

I said what I say from the statements I see on these boards.

Seems as if very few are spending much as all.

What this argument to die? Mark this thread read, ignore and move on, OK?

I just told you I'm spending my bitcoins, and you tell me to go away. Maybe you don't "see" people spending bitcoin because you, like so many, form your conclusions before you go looking for premises.

GangkisKhan

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Everyone contributing a bit will help.

Such as offering a service and product to accept bitcoin.

BillyBobJoe

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Quote from: ixne on July 03, 2014, 08:41:04 AM

I don't know how people expect to "see" others spending their bitcoins. In any case, its time for this argument to die.

There is nothing on my shopping list, plans to purchase anything, that I can spend on.

I said what I say from the statements I see on these boards.

Seems as if very few are spending much as all.

What this argument to die? Mark this thread read, ignore and move on, OK?

franky1

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those shouting for a price rise now are usually those that hold only 1btc or less, they want to turn pennies into millions.. purely to then go back to fiat and let the bankers profit from their fiat.. missing the whole point of bitcoin

smart people want more innovation within bitcoin to expand first. and have proper experienced people making proper exchanges, shopping, services. rather than basement dwellers making basic php/sql exchanges in the evenings between college.

no point asking for a price rise just for the sake of fiat lovers. always best to get the innovation and infrastructure in-place first. and give people more opportunity to buy in. then the price will continually rise at a stable rate and ensure bitcoin community truly flourishes.

guybrushthreepwood

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It isn't as easy as just asking more money and that pushes up the value unless you can get everybody to do so, but there will always be people who are willing to capitalise and sell their coins for less. The best way to push up the value would be to just keep promoting and using bitcoin and it'll get there naturally.

Topic: how we can grow up price bitcoin (Read 2083 times)