Hey check this out
("In 2014, according to the CIA's World Factbook, the GWP totalled approximately US$107.5 trillion in terms of purchasing power parity (PPP), and around US$78.28 trillion in nominal terms. The per capita PPP GWP in 2014 was approximately US$16,100 according to the World Factbook")
107.5 trillion divided by 21 million = 5,119,047 PER BITCOIN BY 2020 give or take a million and now I have the math to prove it BTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTCBTC
Topic: Math Question? 21000000 bitcoins vs 2,000,000,000 users (Read 240 times)
Marketcap decides the price rather than number of users for any coin including bitcoin, so even a single person can put more than million dollar in any coin that can pump its price.
There will be only 21 million bitcoin in existence so if there will be more than 21 million willing to get atleast one bitcoin than they can't, that's why many people are bullish on bitcoin like me. There is not enough bitcoin for everyone, so get atleast one bitcoin before it get to moon...
There will be only 21 million bitcoin in existence so if there will be more than 21 million willing to get atleast one bitcoin than they can't, that's why many people are bullish on bitcoin like me. There is not enough bitcoin for everyone, so get atleast one bitcoin before it get to moon...
We couldn't get the exact value of bitcoin in every person. 21m btc vs 2b users is not 1:1 ratio. Maybe I can say 1/1000> because bitcoin users add daily. I can say approximately imaginary.
I'm trying tho figure out How much wood could a wood chuck chuck if a wood chuck could chuck wood?
If it gets to the point where there are 2,000,000,000 users how would I calculate the price of bitcoin
assuming that there would be 12 million bitcoins in circulation ..
Does anyone have an Idea How I would calculate this ??
A more or less the value in US paper Fiat?
If it gets to the point where there are 2,000,000,000 users how would I calculate the price of bitcoin
assuming that there would be 12 million bitcoins in circulation ..
Does anyone have an Idea How I would calculate this ??
A more or less the value in US paper Fiat?
There is no such way, since people are buying bitcoins not based on how much bitcoins can be distributed to each user but by how much they are willing to pay for it. Assuming there is indeed two billion users and with just 21 million bitcoins, the thing is bitcoins can be divisible by as much as 0.00000001. So That is plenty of bitcoins to go around for everybody to be honest.
Listen fellas the topic is about a math problem FOCUS PLEASE
if 2,000,000,000 uses join the free from bondage movement "BE YOUR OWN BANK"
so lets say 11,000,000 bitcoins are used by 2,000,000,000 people
WTF just help me with the math
if 2,000,000,000 uses join the free from bondage movement "BE YOUR OWN BANK"
so lets say 11,000,000 bitcoins are used by 2,000,000,000 people
WTF just help me with the math
If my calculation is right this would be an average of 0.0055 BTC per person
Perhaps at that stage it would be better to consider the units in Satoshi rather than Bitcoin;
Thay would be 550,000 Satoshi per person
1 person may be willing to invest $1 million and pay $100,000 for each coin but another person may be willing to invest $1 and pay no more than $100 per coin.
obviously these two create different demand.
obviously these two create different demand.
Do you "invest" in playing slot machine too or scratch cards ?
Lets call a spade a spade, this is gambling but paying $40 per
transaction is just chunking money away so I cannot wait to
gamble on Segwit2x but I think the BTC casino might be planning
a "Lock-in" so I am slowly moving towards the exit doors myself.
there is no direct relationship or better said a magic formula between the number of coins available and number of users involved with bitcoin. which means you can not make any calculations only based on how many users there are.
1 person may be willing to invest $1 million and pay $100,000 for each coin but another person may be willing to invest $1 and pay no more than $100 per coin.
obviously these two create different demand.
May I ask you, if I were to calculate how many transactions per day on blockchain + unconfirmed1 person may be willing to invest $1 million and pay $100,000 for each coin but another person may be willing to invest $1 and pay no more than $100 per coin.
obviously these two create different demand.
That would give me the average of working capital ("actual bitcoins being used per day")then I add 10% transaction fee'sof total
then take that number "uffff I hate math"!!! ...
How about this can anyone answer this question?
Where can I find information on how many transactions are being done per day geographically per country
there is no direct relationship or better said a magic formula between the number of coins available and number of users involved with bitcoin. which means you can not make any calculations only based on how many users there are.
1 person may be willing to invest $1 million and pay $100,000 for each coin but another person may be willing to invest $1 and pay no more than $100 per coin.
obviously these two create different demand.
1 person may be willing to invest $1 million and pay $100,000 for each coin but another person may be willing to invest $1 and pay no more than $100 per coin.
obviously these two create different demand.
oh dear too few coins to go around and BTC is falling over under the load of a mere
seven transactions a second so lets hope SegwitX2 can reduce the burden because the
BTC miners look like they plan a "Lock-in" and the fees will hit $100 per transaction
long before BTC could ever reach $25,000
Did I hear someone from the back shouting "Lightning Network"
https://www.youtube.com/watch?v=UYHFrf5ci_g
Good job I understand that type of stuff but do you !
Well I guess I should dump the idea ??seven transactions a second so lets hope SegwitX2 can reduce the burden because the
BTC miners look like they plan a "Lock-in" and the fees will hit $100 per transaction
long before BTC could ever reach $25,000
Did I hear someone from the back shouting "Lightning Network"
https://www.youtube.com/watch?v=UYHFrf5ci_g
Good job I understand that type of stuff but do you !
never the less I need to figure out the math
I haven't had any bad experience with Bitcoin and just so you know, I'm a frequent user of Bitcoin. China's FUD was scary but we are getting better right? Besides, it wasn't intentional.
oh dear too few coins to go around and BTC is falling over under the load of a mere
seven transactions a second so lets hope SegwitX2 can reduce the burden because the
BTC miners look like they plan a "Lock-in" and the fees will hit $100 per transaction
long before BTC could ever reach $25,000
Did I hear someone from the back shouting "Lightning Network"
https://www.youtube.com/watch?v=UYHFrf5ci_g
Good job I understand that type of stuff but do you !
seven transactions a second so lets hope SegwitX2 can reduce the burden because the
BTC miners look like they plan a "Lock-in" and the fees will hit $100 per transaction
long before BTC could ever reach $25,000
Did I hear someone from the back shouting "Lightning Network"
https://www.youtube.com/watch?v=UYHFrf5ci_g
Good job I understand that type of stuff but do you !
Listen fellas the topic is about a math problem FOCUS PLEASE
if 2,000,000,000 uses join the free from bondage movement "BE YOUR OWN BANK"
so lets say 11,000,000 bitcoins are used by 2,000,000,000 people
WTF just help me with the math
if 2,000,000,000 uses join the free from bondage movement "BE YOUR OWN BANK"
so lets say 11,000,000 bitcoins are used by 2,000,000,000 people
WTF just help me with the math
The question is: why would you want to know? the calculation will be based on a lot of assumptions anyway.
Or are you calulating when you would be a millionaire or billionaire ?
Instead of following news messages of people telling us bitcoin will reach $1 Million and stuff like that, I like to ignore them, sit back and just enjoy the ride
No matter what people / calculations are telling you... nobody knows for sure what will happen.
Look at it like a good book. You wouldn't read it if someone spoiled the ending for you.
Well The reason I would like to know is because I work from home Or are you calulating when you would be a millionaire or billionaire ?
Instead of following news messages of people telling us bitcoin will reach $1 Million and stuff like that, I like to ignore them, sit back and just enjoy the ride
No matter what people / calculations are telling you... nobody knows for sure what will happen.
Look at it like a good book. You wouldn't read it if someone spoiled the ending for you.
and I need a good sales pitch which i'm working on to get small business
hooked up with bitcoin payment system but I need to mathematically
show them in my sales pitch why is bitcoin a great payment system
even though the swings are so rocky and I cant figure the correct
way to do the math on this because of all the factors...but if I can
show them how the market will stabilize in the future with simple
division or multiplication i can probably bring the sales in.....
So i need to have my math down so I don't studder....
Like this The reason you know the payments from your
sales will be safe " even if the market fluctuates
day in and day out you will be able to pull money out daily or weekly
to safeguard your profits .....here is the math xxxxxxxxxxx blah blah blah and
bringing you a 45 % increase in sales yadayada yada so can i get you signed up
.............
so im tring to do the math on this thing can to fit it in to my shpeel ...
get it good
wow, it's amazing, and every year the bitcoin stock is reduced, the user increases, the value will be more expensive, maybe the next few years will be equivalent to 1 BTC = lamborghini huracan performante.
The question is: why would you want to know? the calculation will be based on a lot of assumptions anyway.
Or are you calulating when you would be a millionaire or billionaire ?
Instead of following news messages of people telling us bitcoin will reach $1 Million and stuff like that, I like to ignore them, sit back and just enjoy the ride
No matter what people / calculations are telling you... nobody knows for sure what will happen.
Look at it like a good book. You wouldn't read it if someone spoiled the ending for you.
Or are you calulating when you would be a millionaire or billionaire ?
Instead of following news messages of people telling us bitcoin will reach $1 Million and stuff like that, I like to ignore them, sit back and just enjoy the ride
No matter what people / calculations are telling you... nobody knows for sure what will happen.
Look at it like a good book. You wouldn't read it if someone spoiled the ending for you.
I suspect there will be a movement in the future to commonly communicate the price in some fraction of a bitcoin to avoid this type of issue. 1 Satashi is still too small but maybe 1/1000 ( mBTC or milli-bitcoin or perhaps something catchier) would make more sense.
What's easy to calculate is how much bitcoin each person has in average. 21 M Bitcoins reparted to 2 B people makes 0.0105 btc per person.
Now the price. Question is : what's the average investment each people puts in bitcoin.
If we suppose it's 1000 usd, then 0.0105 btc is 1000$, that leads to bitcoin price at 95 k$.
Now the price. Question is : what's the average investment each people puts in bitcoin.
If we suppose it's 1000 usd, then 0.0105 btc is 1000$, that leads to bitcoin price at 95 k$.
Nice appropriation!
But I think that we have to take into account that 21mil is far fetched m it will be long time to get to this number. Also the " cold" wallets could be taken in account. And 2biilion is a bit to much i think. More realistic would be 500 mil people.
* if we wanted to get to more realistic scenario.
The bitcoin "marketcap" or however tou want to call it, is aproximately at three trillion dollars.
It can be easily be worth more than this amount of money if bitcoin keeps going up.
In fact, the whole marketcap is worth aproximately 600 billion dollars, which is 1/5 of the US total value in circulation.
I dont know, but maybe if bitcoin gets more adoption and more people introduce themselves in here, in a few years it could be much more bigger than what US dollar is at the moment.
Just my two cents.
It can be easily be worth more than this amount of money if bitcoin keeps going up.
In fact, the whole marketcap is worth aproximately 600 billion dollars, which is 1/5 of the US total value in circulation.
I dont know, but maybe if bitcoin gets more adoption and more people introduce themselves in here, in a few years it could be much more bigger than what US dollar is at the moment.
Just my two cents.
your right except I made a mistake it's only 11,000,000 bitcoins circulation to the general public
because there are 4 million held by very rich people
Satoshi Nakamoto has 1 million the twins are estimated to have a million
the DEA//FBI have a cool million that they took from silk road
and hedge funds & escrows are estimated to have 2 million
miners are estimated how hold about 500,000 between all of them
and their are about 1 million coins in the air lost wallets and such
China has a big bitcoin stash too.
and we the people hold about the rest
because there are 4 million held by very rich people
Satoshi Nakamoto has 1 million the twins are estimated to have a million
the DEA//FBI have a cool million that they took from silk road
and hedge funds & escrows are estimated to have 2 million
miners are estimated how hold about 500,000 between all of them
and their are about 1 million coins in the air lost wallets and such
China has a big bitcoin stash too.
and we the people hold about the rest
What's easy to calculate is how much bitcoin each person has in average. 21 M Bitcoins reparted to 2 B people makes 0.0105 btc per person.
Now the price. Question is : what's the average investment each people puts in bitcoin.
If we suppose it's 1000 usd, then 0.0105 btc is 1000$, that leads to bitcoin price at 95 k$.
Now the price. Question is : what's the average investment each people puts in bitcoin.
If we suppose it's 1000 usd, then 0.0105 btc is 1000$, that leads to bitcoin price at 95 k$.
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