Topic: The ideal price of bitcoin is $557,714.00 - page 3. (Read 605 times)

Let's say that these calculations of yours are more fun/informative than serious thinking, because no matter how you look at things, 8 billion people in that calculation does not make sense, because everyone will never use BTC, even if everyone miraculously has access to the internet, how many are under the age of 10 or under 18?

In general, it is a bad assumption that all people on Earth want or need to use something, and all the data we have suggests that from 2009 to date less than 5% of people have been involved with Bitcoin in some way. What I'm saying is that most people will never use Bitcoin, but also for many, gold is just a decoration and nothing more than that.

Even in this era, there is nothing like Bitcoin, No matter how much its value will be in the future no one knows that's the truth there 100%. All the predictions anyone makes are not 100% accurate and that will be the price.

If someone says that a Bitcoin will be 100k$, it is still not a sure ball that it will happen because it is also just a prediction that the majority community in this field industry believes can happen in the coming bull run after the halving.

I wouldn't say gold and bitcoin has the same function because gold is something you invest into and can't use, and it's a physical thing that you need to go and buy. Whereas, when you are talking about bitcoin, you are talking about something digital which you can do from your phone which people use more and more everyday, and you need to also make sure that you are making a profit when the time comes and just sell right there on your phone wherever you are, could be home, could be work, could be while sleeping on your bed, could be on the bus going to work, it's the ease of the trade that makes it more fun.

On top of that you can use it like money, you can pay people with it, you do not have that in gold unfortunately and that is why I believe bitcoin should be bigger than gold.

It will be one of the best day ever if it happens as soon as next year. But, I don't want to expect a lot that it will be seen by next year because it seems to early by that time.

Do not say that it's impossible if you're believing that one day it will happen. Just as how many people thought that Bitcoin will reach $69k when before it's just a quarter up to $100.

Nobody expected that to happen.

And that is why traditional investors can't grasp what bitcoin is as far as it's movement as no one can predict it's price.

So the only thing that we can say to the OP is that, maybe it could happen in the next couple of years, maybe his numbers and computation is right, but knowing bitcoin movement and you look at it in the last 10 years or so, really hard to say using graphs and formulas as what would be it's price.

I quietly followed his analysis and it made sense to me because he used real time factors to buttress is explanations. But what I have learnt overtime is that bitcoin has a way to deviate from popular opinions.
The figures in OP is from ones calculations and it is never the standard. Bitcoin can still make 1m dollars but who actually knows when?

Hi, OP.

Perhaps that "mathematical" analysis that you did does not honor your Nick, Pythagoras (Pyitágorasz), it is something like Astronomy and Astrology, the first is science, the second is speculation.

Finally, the amounts of gold and many minerals are speculative, in fact, it is said that the abundance of diamonds in existence is such that every person in the world could have one, but diamonds have a centralized source of information and they are the ones who they assign their value and availability to it. ( e.g.)

I don’t think we can ever estimate the price of bitcoin. We know bitcoin is an asset. Its supply is fixed. So how can we estimate an ideal price when supplies are limited and demand is fluctuating among the masses? I am assuming there won’t be any time when bitcoin's price will be fixed. It will keep on increasing if the demand to accumulate it also increases. So the number that you mentioned in the OP is not sufficient to tell the price of bitcoin. Bitcoin is way more valuable than you think.

It is undeniable that gold is one of the most popular forms of investment in society, gold is considered an asset whose value does not go down easily. As technology develops, Bitcoin is present in the midst of society, Bitcoin has also begun to be looked at as an investment instrument by a number of investors. Bitcoin is starting to be considered as having a value that is not easily shaken even though the economic conditions are weak. Due to the character of Bitcoin which is resistant to inflation, Bitcoin is also called digital gold.

Seen from one side, Bitcoin and gold have the same function, but when measured in terms of buying and selling values, Bitcoin and Gold have different characters. The price of gold is influenced by many things, such as the uncertainty of global conditions, supply and demand (gold), monetary policy, inflation and the dollar exchange also greatly affect the price of gold. What affects the price of Gold does not apply to Bitcoin because there is no centralized system that regulates buying and selling prices. The price of Bitcoin can decrease by more than 20 percent and can increase by more than 20 percent in a day. That is the reason it is difficult to determine what the ideal price of Bitcoin is because it is purely determined by demand and supply activities that occur in the market.

Why do many people still focus on supply and assume that it is the factor that will determine the value of any asset? Predicting the price of an asset requires a lot of factors beyond supply, we should also consider utility, practical applications, use cases, and demand...So even if bitcoin is scarcer than gold but if its demand is not great, it will never surpass gold. Many people think that bitcoin is surpassing gold, but looking at what is going on, the capitalization and demand for gold is huge, many times more than bitcoin. So it's very early to draw any conclusions, let time tell all.

New people will learn more about Bitcoin but it is up to them. It could be possible that in years to come, the price of @OP could be the ideal Bitcoin price. Who knows.

As Bitcoiners, they remain bullish for the long term and it doesn't matter what the price is because it's still a mystery. But they still want to sell Bitcoin at the highest price.

And hopefully, new people are ready to face the bumpy road so they can still hold onto their bitcoins and not become weak hands.

It seems we are getting crazy price predictions again with Bitcoin. Every day on network television we got some crazy prediction. Today some hedge fund predicted it would hit like $125000 sometime in 2024 and yet the price went down a little.

Usually when we get these bullish narratives we end up going back in bearish territory. Remember during the 2021 peak? People were guaranteed to expect $100K Bitcoin and some expected $1M and look how that turned out.

You make your own computation. Others have also their own versions. There are a number of Bitcoin supporters who have already explained their own price appraisals, predictions, and how much Bitcoin should actually be worth. You have different bases, assumptions, and computations.

However in the end, the price of Bitcoin will always just be dependent on how much people are willing to pay for it.

I agree somehow here and I am not a bearish for the long term on Bitcoin.
But we should think also Bitcoin is not gold and they are far different. New people must also not be too over confident with these numbers because before we get to that number in the future, there will be a bumpy road, and always expect the unexpected.

This should be the right answer, time will tell it that will happen because as we know Bitcoin price will always vary on the demand and supply.
But who knows if we reach that amount of price by next year or if it could be other years, so it always matters on the time.

Though I'm a crypto enthusiast and I'm happy that Bitcoin price will reach that amount but IMO, that's impossible and I think it takes how many years before it will happen or will never happen.

Seems like this song will be a good answer to OP's question.

It's another prediction for which this is common in the market that we see people have their own calculations on how much potentially it will be in the future.

Yes, it's obvious that the price isn't as high as what's said because we're not yet there. And that's just a calculation if ever the trillion market cap of gold goes and flows into Bitcoin. I think this is a waiting game and we will never know how long we'll have to wait until Bitcoin reaches close to the market cap of gold.

Somebody pointed out recently the correct way to value assets comparatively is with the total worth available to the market.  Gold is mostly not consumed though demand for it is growing however the problem to any vast price change is the shear amount of it, if gold tripled it might be worth more then all companies valued on the stock exchange.  Since gold has no yield that wouldnt make alot of sense when companies are on average so productive.  
  However he concluded the Bitcoin total worth was quite tiny and so many multiples higher valuation could occur if the world were willing to invest still fairly small amounts per person. If that change happens, price is going up alot because we are still so tiny vs other world wide assets traded.

Some think vs monetary base in dollars, gold could reach 10k per ounce which is extraordinary when it was sub 1k for so long.   But thats founded on the monetary base expansion, QE and inflation etc.  so maybe its reasonable though only a few estimate 10k but if BTC has even a slight amount of that effect its likely to move far more with less effort required or capital required to do so.

No matter how hard we compare Bitcoin to other assets and calculate it from that asset's perspective, the price of Bitcoin is still dictated by supply and demand.  The ideal price shouldn't be the price that is randomly calculated by the comparison of two commodities.  It should be the price that is dictated by the current market demand.  So Bitcoin's ideal price today is not $557,714 but rather the current price what the buyer intend to pay.

No, it does not, in no country or case of usage for decimal and thousand separators.
Also, for much of western Europe that's a normal way to write 244 million with a dot after each thousand and a comma for decimals.


It's too hard and it takes you too much time to do a simple a/b equation? Too busy fishing?

Bitcoin is indeed rarer than gold with a limited supply which has great potential for it's price to rise in future with respect to demand and supply, but currently what you just gave is a mere price speculation of which you are not the first person to speculate the price of Bitcoin going above $100k. But there is something I just noticed about this thread, as it lack proper use of punctuation marks in your figures, because the position of a dot or comma in a figure alters the meaning of that figure.
Example;
244.000.000 simply means Two hundred & forty-four, while, 244,000,000 means Two hundred & forty-four million.

As the use of dot or comma in different position of a figure alters the entire meaning of it.