Topic: So I made some calculations today - page 4. (Read 2917 times)

You can't send gold immediately across the planet, so it has some limitations bitcoin does not have.

It makes no sense compare apples with bitcoin but it makes sense compare bitcoin with gold because they both can be used by the same people for same purpose, store of value, if those people move 1% of their gold investment to bitcoin, bitcoin's price will increase a lot.

You can't really make wedding rings out of bitcoin, so it has some limitations gold does not have...

It makes no sense comparing the value of x to the value of y. You can't just exchange them. The value of apples on earth for example is a lot less than the value of bitcoin. And yet, it has nothing to do with it. You can't say "let's replace all apples by bitcoin", just as you can't replace all gold by bitcoin.

I see a serious limitation from the blockchain there... As long as "the ones in power" don't make it possible to do - say - 1000 times more transactions, why should the value go up 50-fold? You can't have mass adoption if the blockchain is already pushed to its limits.

Yes, the growth is excellent.  Also, consider that gold has been around for eons and bitcoin is not to far behind on market cap.  If it continues to grow as OP has calculated then this is going to get good! 

Thats true the market cap of gold is very very high compared to the bitcoin. With the growth analysis of bitcoin it is clear that from its day of existence, bitcoin has grown enormously.

you are right, I hope bitcoin will reach this price at any time from now. I believe and bitcoin and bitcoin will surely reach that we just need to give support for it.

You started out well, with sources and information points,
Then it quickly went downhill when you started speculating on what price Bitcoin should be.  Of course it could be 4 digits, it could be 5 digits.  That is not to say that it will, or that it won't be 2 digits.

I look forward to Bitcoin actually being accepted for stuff, and solving the problems that it should be solving - i.e. fast low cost money transfers.  When that happens the price will rise, if it doesn't and I don't really know why it hasn't, then it won't go anywhere fast.

For the answer as to what ETH is good for, see the following:

http://www.ibtimes.co.uk/ethereum-powered-augur-brings-its-beta-microsoft-azures-blockchain-cloud-1549630

Lots of stuff is going to be built around ETH, and that's where it's value is coming from.

in fact real bitcoin price should be in the range of 10k-100k if not above 100k, but people seems to be stabborn enough to believe that the actual price is high

when there will be the real boom, everyone will see cheap bitcoin even at 50k value, guaranteed...

I think less - it can be 5 - 10 years. We already have signals that big companies are interested in Bitcoin (Sony, Burger King). Some big countries already make research to use Bitcoin as a currency. It can be faster than we think

Ok, where do I sign up for a tesla and does anyone want to go halvsies on a private jet?

+1

Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.

For something like this to happen, you need mass adoption of Bitcoin worldwide, 4 years is too short. Gold is acknowledged by everyone to be valuable, it is something tangible that even people in their 80's or older can easily recognize. Bitcoin is a new generation thing and at the moment attracts only people that are technologically savvy. When we've reached a point where the oldest person on earth was born after Bitcoin was created, Bitcoin will have been universally assimilated. Of course we might not need to wait that long 

So I made some calculations today.
The total world's wealth is estimated around $241,000,000,000,000 (source), the total value of all the gold in the world is $7,290,669,617,313 (source) and bitcoin's market cap as of now is $6,382,047,520 (source).

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. It then seems pretty down-to-earth to say that we will definitely get there before 2020 if nothing goes wrong. 6 digits though, would put us very close (or even above) gold's value, which is hard to imagine at the moment. The millions have already been made but there is still a lot of money to be made with bitcoin and we now have something that pioneers didn't have: stability. Stability is a great thing because it allows for a reliable store of value. I thinks we've actually reached a pretty good balance between prospects and safety of investment.
In other words: we're only waiting for metallurgists to find a way to melt tungsten and gold together. Ok we might have to wait for a while  .

(Also, Ethereum's market cap is already $1,061,551,795, roughly 17% of bitcoin's. Meanwhile everyone is still wondering what the heck it can be good for and no one seems quite sure that the price is high enough as is  .)