The whole issue depends on supply and demand, but of course I would be happy, like everyone, if the price of Bitcoin reached $ 500 thousand.
Although (from my point of view) I see Bitcoin as superior to gold in some characteristics, Bitcoin has not yet imposed itself globally as gold did, so prices cannot be compared in this way. The demand for gold is high because it is globally accepted, so its value is constantly increasing, while Bitcoin is not and its price is still Highly volatile.
Topic: The ideal price of bitcoin is $557,714.00 - page 4. (Read 605 times)
...
While an interesting read, the question is flawed, things are worth whatever people want to pay for them, so for example at some point people were willing to pay hundreds of thousands of dollars for an NFT and as such that was its worth, then people woke up from this madness and now the same NFT is worth only a portion of its maximum value, and while we can say the person which paid such a high price overpaid for it, at the end each person decided on their own the amount they were willing to pay for it, so bitcoin is worth whatever the market thinks is worth, which is why bitcoin was worth 15k six months ago and now is worth 30k, and both valuations are correct. 
i am not sure if such calculation is correct or not but now we are in the good time. world's economic getting better as pandemic getting over day by day and people start investing again also we are near to the halving time which can make bigger enthusiasm of investors. Maybe with such good sentiments bitcoin price could reach more than $100.000, who know? no body know except God. we always surprised by bitcoin price, if it's price reach $500.000 then it can surprise us. I hope I can earn more bitcoin before that time happen.
What do you think is the ideal bitcoin price?
I've read predictions of people who believe bitcoin will be worth $100,000, some believe bitcoin will reach $1 million
I don't believe there is such a wild mind to speculate on the price of Bitcoin like that. although we also hope that everything will turn out well in the future, the market price cannot really be calculated with certainty.I've read predictions of people who believe bitcoin will be worth $100,000, some believe bitcoin will reach $1 million
even when Bitcoin supply reaches its maximum and the market cap increases. nor do we really know what will happen in the future when all Bitcoins are finally traded on the market.
If i wants to go with your calculations then they are outdated like the data you are using for 2022 and according to that the final multiplication of 11.5 to 557.714 will be around $60k to $65k and believe me. 90% of the crypto users have already made predictions that BTC will cross $70k easily and your calculations proved it right also.
Sorry budd
Maybe you read it wrong, $557.714 is $557k
So $557.714 x 11,5 = $6.413.711 (6M)
I hope you wouldn't mind me.
If i wants to go with your calculations then they are outdated like the data you are using for 2022 and according to that the final multiplication of 11.5 to 557.714 will be around $60k to $65k and believe me. 90% of the crypto users have already made predictions that BTC will cross $70k easily and your calculations proved it right also.
Sorry budd
Maybe you read it wrong, $557.714 is $557k
So $557.714 x 11,5 = $6.413.711 (6M)
...
It's great to see you crypto enthusiastic but I can't agree with your statements. You see, bitcoin cannot be equal to gold. Yes, bitcoin is an honest and freedomed cryptocurrency, but we live in a material world and gold is material, unlike bitcoin. And the fact is that from time immemorial lyuli loved gold. It is beautiful, even if not practical, and we all tremble before it. Understand: in the worst of times, people prefer to store their savings in gold. It's a safe haven currency.
Unfortunately, in bad times, people sell bitcoin. This is the reality at the moment.
Therefore BTC price is lower that 550k i think.
Do not tell me, you made all these calculations to differentiate the demand and supply factor between Gold and BTC. I was shocked while reading the calculations, like one side of my mind was thinking what types of calculations are these and what could be the purpose of it and my other side was just reading the post.
Well, you could use the factor of scarcity between Gold and BTC. Which would help you out to differentiate which one is the most rare. And the answer is BTC. Because no one knows how much gold is still buried under the earth's crust but we do know how much BTC is above the ground.
If i wants to go with your calculations then they are outdated like the data you are using for 2022 and according to that the final multiplication of 11.5 to 557.714 will be around $60k to $65k and believe me. 90% of the crypto users have already made predictions that BTC will cross $70k easily and your calculations proved it right also.
Well, you could use the factor of scarcity between Gold and BTC. Which would help you out to differentiate which one is the most rare. And the answer is BTC. Because no one knows how much gold is still buried under the earth's crust but we do know how much BTC is above the ground.
If i wants to go with your calculations then they are outdated like the data you are using for 2022 and according to that the final multiplication of 11.5 to 557.714 will be around $60k to $65k and believe me. 90% of the crypto users have already made predictions that BTC will cross $70k easily and your calculations proved it right also.
Gold and Bitcoin marketcap and price is incomparable because they are different usage and type of asset. You can only compared 2 things if they are on the same category. Gold is physical assets which it's value is more appreciated since most of it's usage is physical while Bitcoin is a digital assets which value relies on the price speculation alone.
It's impossible too what unit of Gold can be use to compare on Bitcoin since Gold has unlimited supply. The ideal price of Bitcoin will be based on the speculation of the majority which is the current price since that's what decided. Dynamic price is what's ideal price of Bitcoin in accordance to the majority specualtion on the current price.
It's impossible too what unit of Gold can be use to compare on Bitcoin since Gold has unlimited supply. The ideal price of Bitcoin will be based on the speculation of the majority which is the current price since that's what decided. Dynamic price is what's ideal price of Bitcoin in accordance to the majority specualtion on the current price.
With this, it's all gonna be just a matter of time.
The market cap of BTC will increase over time and that's why many believes that the price of it in the future is gonna be higher. I'd personally want to witness that happen in the future reaching that amount with the $11 trillion market cap of gold.
But with that market cap, it's gonna take a lot of time but who knows if there's a surge since every time we're seeing the halving. The astronomical gain is to be expected.
The market cap of BTC will increase over time and that's why many believes that the price of it in the future is gonna be higher. I'd personally want to witness that happen in the future reaching that amount with the $11 trillion market cap of gold.
But with that market cap, it's gonna take a lot of time but who knows if there's a surge since every time we're seeing the halving. The astronomical gain is to be expected.
Do not worry, bitcoin price is going $100000.
I don't know about others, but personal I don't consider Bitcoin to be the next generational Gold.
Bitcoin was and is a digital gold. Gold has the highest marketcap of physical assets, while bitcoin has the highest marketcap among cryptocurrencies. Then what is bitcoin? Digital gold. I don't know about others, but personal I don't consider Bitcoin to be the next generational Gold. Bitcoin has its own uniqueness and things that could possibly make it better than gold which it is already judging by your price calculation, which I really don't understand how come about them. The price of Bitcoin today's has no relationship with Gold I also don't think it should be compared. As Bitcoin is far more valued than Gold which is as a result of increase in demand.
If bitcoin were more valuable than gold then the price of bitcoin would be more than 11.5 x $557,714. That sounds really good
So you compare 1BTC to ...what? And why not one gram, one ounce, one kilo, one pound, one ton of gold?
Besides, that's hardly an indicator.
Litecoin is four times as many as Bitcoin, do they trade at 1/4 price?
Nickel is more abundant than lead, why is it worth ten times more?
Besides, that's hardly an indicator.
Litecoin is four times as many as Bitcoin, do they trade at 1/4 price?
Nickel is more abundant than lead, why is it worth ten times more?
Maybe you have free time? i will be happy if you do the math for me.
There is no right or ideal price, the market decided what the price is, and currently, that's 30314! 
Besides this has been discussed a hundred times not arriving anywhere:
https://bitcointalksearch.org/topic/btc-is-scarcer-than-gold-5399021
https://bitcointalksearch.org/topic/fun-fact-is-gold-scarce-bitcoin-is-5457116
and of course:
https://bitcointalksearch.org/topic/gold-collapsing-bitcoin-up-68655
Besides this has been discussed a hundred times not arriving anywhere:
https://bitcointalksearch.org/topic/btc-is-scarcer-than-gold-5399021
https://bitcointalksearch.org/topic/fun-fact-is-gold-scarce-bitcoin-is-5457116
and of course:
https://bitcointalksearch.org/topic/gold-collapsing-bitcoin-up-68655
OMG... it turns out that many have discussed it, but they are too lazy to count it
Bitcoins are rarer.
So you compare 1BTC to ...what? And why not one gram, one ounce, one kilo, one pound, one ton of gold?
Besides, that's hardly an indicator.
Litecoin is four times as many as Bitcoin, do they trade at 1/4 price?
Nickel is more abundant than lead, why is it worth ten times more?
There is no right or ideal price, the market decided what the price is, and currently, that's 30314!
Besides this has been discussed a hundred times not arriving anywhere:
https://bitcointalksearch.org/topic/btc-is-scarcer-than-gold-5399021
https://bitcointalksearch.org/topic/fun-fact-is-gold-scarce-bitcoin-is-5457116
and of course:
https://bitcointalksearch.org/topic/gold-collapsing-bitcoin-up-68655
I don't know about others, but personal I don't consider Bitcoin to be the next generational Gold. Bitcoin has its own uniqueness and things that could possibly make it better than gold which it is already judging by your price calculation, which I really don't understand how come about them. The price of Bitcoin today's has no relationship with Gold I also don't think it should be compared. As Bitcoin is far more valued than Gold which is as a result of increase in demand.
What do you think is the ideal bitcoin price?
I've read predictions of people who believe bitcoin will be worth $100,000, some believe bitcoin will reach $1 million
Let's calculate the price of bitcoin when aligned with gold
The total amount of Gold [2016] : 244,000,000 kgs source
The total amount of Bitcoin : 21,000,000 btc
Gold : 244,000,000 kgs x $48,000/kg = $11,712,000,000,000
Bitcoin : 21,000,000 btc x $30,000/btc = $630,000,000,000
If the gold marketcap is divided by the number of bitcoins then:
$11,712,000,000,000 : 21,000,000 btc = $557,714/btc [Current price of bitcoins $30,000/btc]
If the bitcoin marketcap is divided by the number of gold then:
$630,000,000,000 : 244,000,000 kgs = $2,581/kg [Current price of gold $48,000/kg]
So the current bitcoin price is too cheap or the gold price is too expensive? or should bitcoin price be $557,714 and bitcoin head there?
The number of people on earth = 8,000,000,000 [2022] ~ source
The number of bitcoins divided by the number of people on earth
21.000.000 : 8,000,000,000 = 0.002625 btc
The number of gold divided by the number of people on earth
244.000.000 : 8,000,000,000 = 0.0305 kg
So the amount of bitcoin is only 1/11.5 of the amount of gold. Bitcoins are rarer. Even though we believe bitcoin is gold in the future, So, bitcoin can have a price of 11.5 x $557,714/btc
I've read predictions of people who believe bitcoin will be worth $100,000, some believe bitcoin will reach $1 million
Let's calculate the price of bitcoin when aligned with gold
The total amount of Gold [2016] : 244,000,000 kgs source
The total amount of Bitcoin : 21,000,000 btc
Gold : 244,000,000 kgs x $48,000/kg = $11,712,000,000,000
Bitcoin : 21,000,000 btc x $30,000/btc = $630,000,000,000
If the gold marketcap is divided by the number of bitcoins then:
$11,712,000,000,000 : 21,000,000 btc = $557,714/btc [Current price of bitcoins $30,000/btc]
If the bitcoin marketcap is divided by the number of gold then:
$630,000,000,000 : 244,000,000 kgs = $2,581/kg [Current price of gold $48,000/kg]
So the current bitcoin price is too cheap or the gold price is too expensive? or should bitcoin price be $557,714 and bitcoin head there?
The number of people on earth = 8,000,000,000 [2022] ~ source
The number of bitcoins divided by the number of people on earth
21.000.000 : 8,000,000,000 = 0.002625 btc
The number of gold divided by the number of people on earth
244.000.000 : 8,000,000,000 = 0.0305 kg
So the amount of bitcoin is only 1/11.5 of the amount of gold. Bitcoins are rarer. Even though we believe bitcoin is gold in the future, So, bitcoin can have a price of 11.5 x $557,714/btc
Jump to: