Topic: The ideal price of bitcoin is $557,714.00 (Read 599 times)

Below is the chart of Dow compared to Gold for 100 years. So yeah, I would agree with you that it's not our generations gold because Bitcoin's better performing than these two albeit they both have a more rich history. Regarding preference for gold or bitcoin, I think it's a matter of perspective, you are in a bitcoin forum so you're most likely to favor bitcoin over gold but if you're an arms dealer that's selling missiles to paramilitaries across the warring states in Africa, you'll prefer gold or precious gemstones.

The price is not there for the achievement of gaining alot, its like alot of business the price must serve to maximize volume of trades done.    If most of the people are only motivated to trade at 20k then we should be moving towards that price, it might be supply doesnt allow that but I think its the user who determine price in the end not the speculators or anyone who will not hold the BTC overnight and in general usage.  
  Ironically the tiny amounts of BTC left in wallets by the many people not the few focused on prices to speculate then sell, its always the holders and users who decide the destination for price.  When we say 500k or 100k, its a long journey to that price if it ever can happen.  I dont think we are getting to these high prices without alot of development by the whole cross section of BTC userbase, us as speculators we are just looking onto a much wider market not all in immediate open sight and we're guessing demand vs supply etc.

We are still a decade+ old but looking at on the % of recognition or adoption then it isnt really just on full scale but rather it is really just that a peanut size on which it is really not something that too far off to assume out

that whenever we do hit those high numbers then value would really be getting in line with but it would really be just that better or ideal that you shouldnt really be making yourself that optimistic and getting in rush with those numbers on which it would really be just creating that kind of boredom on the time that it wont really be able to hit up such number or value. We know that adoption and recognition is still on the move but it wont really be on such manner that it would really be on fast pace. Also it would be something realistic if we are really just that sticking into numbers which wont really be going beyond $100k specially on this
upcoming bull run on where it would really be that a good thing so that we wont really be that getting disappointed on the time  that the price didnt really hit up that level.

Way too much expectation would really be bringing out that kind of a disappointment on the time that it wont really be showing out on a particular time.

The increase that still seems slow in Bitcoin certainly has a reason, but as long as there is still a number of requests and a number of offers that continue to occur in the market for Bitcoin, an increase in price is something that is very certain to happen even though sometimes it is driven by several causes and events that can trigger it. many people to buy Bitcoin without looking at the price benchmark specifically for times like now. And what's more important is that there are still more people who remain optimistic about Bitcoin, making the number of people who still want to hold Bitcoin relatively large.

BTC's journey will now start in early September, but I think the movement will not be fast, but slow but sure. Demand and supply are the main keys besides policy issues regarding the world of digital currencies. This was proven in the past few days and now the Bitcoin Spot ETF has a 75% chance of being approved. Well, the most important thing is that even if you say BTC will be $ 500k, it doesn't matter. I think the most important thing is that we have optimism and will always be there for BTC.

500,000 is too high a price. I think we will have to wait many years for bitcoin to reach that price. Question - will bitcoin be needed at that price? How long will we have to wait for 2x? In my opinion, it is more likely that a new bitcoin will be introduced before bitcoin reaches even 200k.

“Bitcoin is digital gold”, in fact only some people use the term, and bitcoin is bitcoin and not anything else. As we all know, gold is considered the rarest and most valuable asset, so it is not surprising that many people compare bitcoin to gold to honor the value of bitcoin. But there is a mistake that many people start to abuse it, they seek to slander gold, disparage gold and exaggerate bitcoin.

To be frank, these two asset classes are completely different, and not entirely appropriate to compare them. One physical asset, one virtual asset and both have different use cases. Comparison results should only be considered for fun, not based on it and affirming which is better.

But if you look at it, in the era we have today Bitcoin can be called Digital Gold, why? because you can mine him to have Bitcoin by buying mining rigs that don't need to dig the ground first, and destroy nature just to have gold. Mining rigs are quite expensive.

Although literally speaking they are not really the same at the same place but they are both okay for long-term investment in truth, especially if that amount of price happensto Bitcoin in the near future.

What bitcoin has achieved at this time which is around $ 29k certainly never thought of bitcoin makers, even when 2014 the price dropped below $ 100 and in 2013 passed $ 1100 making a lot of speculation that bitcoin will end soon, seeing the current facts then I have no doubt that the price of $ 500k will happen soon.

Gold isnt even too expensive, it could rise all the way to 10,000 dollars and people dont even believe that much but unfortunately its true due to the long term weakness in the dollar debt situation.   What seems to be impossible to estimate is how things would change, we say the dollar value would fall but how much and how does this then effect the economy.  Exporters like a weak dollar but its terrible for consumer import trade and retailers generally would suffer.  There are too many secondary interwoven effects to know exactly what would happen.
 

100k is realistic compared into those people who do really have thinking that reaching up those digits like on what OP had been assuming on.Let alone on having that 100k would really be that hard on

breaking it out.How much more on 500k? Its true that we might not really be still on bull run phase and not into that full scale recognition and adoption but we do know that those numbers arent really that easy to reach on and this is why its better to be realistic rather than on expecting on something which it isnt really that easily could happen but well everyone could really be able to take up
some risks and we do have our own choice on how we would really be able to take and act.

Lets stick on something realistic so that on the time comes that the price isnt able to reach out then you wont really that get disappointed since you are already anticipating
those probabilities.

Many people could have speculations that are different from each other but a lot of people believe that 100k will be hit. That's the important part and we should be focusing on that a lot. Maybe we do not agree when that will happen but we agree that it will happen. This is why it's important to focus on what and not how.

If we stick too much to the "when will it actually happen" topic and not really make our investments right away, then maybe one day we will be too late to make that investment and will regret that. This is why it's better to invest when you have the time and the price is still nowhere near that level. Then we can start worrying about trying to catch up with gold as well, that will happen too, just don't know when.

Almost all of us have different speculations and beliefs for the future price of Bitcoin, the price of 100k is quite reasonable and I believe we will be able to see it in the not too distant future, maybe ATH in the next bull.
And in my opinion there is no ideal price of Bitcoin, the price of Bitcoin will continue to move and that's why many people are interested in Bitcoin, because of the price movement, whenever the price of Bitcoin will reach its highest price and there will be a deep correction and it will be so as long as Bitcoin is interest many people.

Well I can only imagine a time in the world where price of Bitcoin is $557,714.00 per coin. I am just hoping we see a price of the all time high of 69k per coin. And then I can think about such bigger numbers like this one.

But for me the ideal price of Bitcoin is 100k. I think it is because this is a number amount we talk about very much, it has been discussed as a realistic number for Bitcoin for long time now.

There is many people that thought it is what the price would be by now. I am sure we will see this price, we just do not know when we will.

This gold comparison lacks the historical period though. I mean you could end up believing that you are going to make some money off it, but you may not end up making that money at all, which is why I believe that gold has come thousands of years to be what it is today. I am not saying bitcoin would need thousands to be as big, but it needs at least some more time. Which we already knew, nobody thinks that its going to be 500k+ in a day, but it still should be stated. If you are willing to wait decades for it to reach that level, not just 557k but like whatever gold is at that point, then yes you could see that happening, but do not expect it to happen anytime soon.

Did you make all these calculations between the prices of gold and bitcoin in order to determine that $557,714 per bitcoin is the ideal price for bitcoin? I'm not good at arithmetic, thus I won't be interested in the solution you provided because all of your computations between the prices of gold and bitcoin won't determine the ideal price of bitcoin. Because bitcoin and gold are two distinct entities, changes in supply or demand for one does not impact the price of the other. That is what you overlook.

Since that, the Bitcoin price has to cross $100k before it gets to $557,714k. So $557,714k is not the ideal price of bitcoin for now

When will take sometime before it happens, this decade? Well that will depend on the ATH after 2024 halving. The possibility is there but I'm not going to be banking on that anytime soon. Although acquiring some coins is the right way to go in expectation of the bull. It is a right thought, bitcoin dominance of course is undoubtedly overwhelming in the crypto market and institutional interest is increasing steadily.

There is no "ideal" price for Bitcoin. 
The ideal price of anything is determined by the laws of economics. 
Bitcoin price did not just decide to be 30k dollars today because that is where it wants to be or loves to be.  It's at $30k because that is what the market has valued it to be.
Certain factors determine the price of a commodity or asset and those factors can be categorized into the demand and supply laws. 
If a large number of people begin to sell their Bitcoin today,  the price will dip, it's simple economics. 

Btw,  when you say ideal price,  do you mean the price it should be now or the maximum price it will be future? 
If you mean now,  then that's not true because the market doesn't value it up to that and if you say future,  we just have to wait and see if the market and factors affecting it agree with you,  or it could even be higher. 
Price of something as decentralized as Bitcoin is determined by market forces.

The cryptocurrency world will see a big change of bitcoin in the next 10 years as the demand for Bitcoin grows. I think the expected bullish movement in Bitcoin is only a matter of time for those who watched the last bull market. Moreover, from various analysts, investors, many have made predictions to see Bitcoin in the future. Some say Bitcoin is 100K, some say 200K, but many have pronounced 1Million. Bitcoin price exceeded expectations according to the Bitcoin prediction we have seen in the past. Now Bitcoin has gained more popularity, so we can assume that Bitcoin will be more bullish in future.

Yes, what you're saying makes sense. If the price of BTC goes to 800k first before the bullrun season starts. and what OP said The ideal bitcoin price is $ 557,714.00 maybe this takes the right process and time and maybe a little longer to get to that point.

I think the prices right now are pretty crazy. How could $30k be the price to buy something you can't see or touch? But I was curious and tried to calculate it with the golden ratio. I am quite surprised that bitcoin still has such a low price. But you are crazy enough with $800k predictions.


I hope that price will come around 30 years from now. so when i'm old and my kids are in college maybe i can finance them with my bitcoin savings..


Oh no. I'm pretty tired of my calculations. You're telling me to count again? outrageous. Come on, count for me... 

Bitcoin could really be that be attached on being a digital gold which this had been a long time talking about being something like this on which making up some comparison on the actual gold that we do know.

If there would really be some sort of calculations that we do see online or on this forum or whatever community we do have then its normal.People would really be liking on making these speculative numbers which i dont see for it to be wrong, the important thing on here as a newbie on which you shouldnt really make yourself get dragged on how optimistic they would be on which it is really just that making you that
way too positive on your current dealing with Bitcoin but bare in mind that risks would be always there and those speculations around or in the air arent really that assured for it to happen.

Therefore, always be having that selective approach when it comes to things so that you wont really be expecting that much when it comes to this matter.

You should count the real number of Bitcoin that is available in the market.
21.000.000 is the total supply but there are many of them missing due to various factors.
So, you need to count the circulating supply (19,430,262). https://www.coingecko.com/en/coins/bitcoin

It should be 19,430,262 : 8,000,000,000 = ..................

It is purely the price based on your math calculation. But in fact, the Bitcoin price cannot be determined based on that calculation. The price will always depend on the demand on the market, it is difficult to predict at all. Even we call it as the future digital gold, it is almost impossible to know how big the price in the next few years. No one can determine the demand on the market exactly!

No matter when the bitcoin price hits $500k, it seems too big to be true. If in the next bullish period bitcoin is able to record ATH around $200k, then I believe $500k will be reached before 2030. I am very curious about the record high for the bitcoin price after the 2024 halving, that is because we can provide a guideline for analyzing and speculating for the next price.

If a spot ETF is approved, then surely big things for the bitcoin price can be expected sooner than we think. It was a big step for the price growth and certainly there will be a lot of hope for the high price realization.

I can definitely deal with seeing 1BTC @ $557,000 
It probably won’t happen in the upcoming bull market but this decade, it’s a definite possibility with the flow of institutional money following likely spot ETF approvals. It will happen, it’s just a question of when, hopefully sooner rather than later.

No this wasn't new. It's just that the prediction is increasing by the time people see the price of BTC is also rising even just a little. They also do it when they think there are positive news or a major events that are coming which seem to have a positive impact in the price of the coins just like the halving. Predictions are only good at there (prediction).

There are no guarantees that they will come true, that is why we are still seeing a price decline or a price increase if the prediction is about the decline of the price. In 2021, the cryptos are in bullish mode so it's normal for them to decline after some time because people are also selling heavily. Don't worry, I know soon $100k will be achieved by BTC but for $1M? Not sure if it's really possible.

In my opinion the price of bitcoin is worthy of being valued at $ 500k or even more, an easy and fast transaction system in Bitcoin makes everything easy so it is natural that it worth $ 500k or more, but the condition of the price of Bitcoin is certainly very dependent on the number of communities, as long as the community continues to grow and is active then the price will continue to rise.

The value of an asset depends largely on supply and demand, but if the world accepts bitcoin as a means of payment, how can its price go up? Because people's need at that time was to use bitcoin as a means of payment, not as an asset. Why don't we use gold as a means of payment?
I personally believe that only when bitcoin is used as an investment asset can the value continue to increase. If we use it as a currency like the satoshi that created it, it will never increase in value, even if its supply is limited.

Obviously it's not going to be that weird to see bitcoin not reach gold for a long time because gold has been around for many centuries, the first time it's used is like thousands of years ago, so it is understandable for it to be not that much close to it yet. But it will also not take centuries to reach it neither, we are going to see it do a good job in a decade or two when it reaches and that means we should be holding it.

There aren't all that many things that can outperform gold, there are a few, but not a lot and this is the least risky one. I believe that we are going to go x20 as well, and until that happens gold may go up some more so we may need to go about x25 to x30 as well. That's why it makes sense and I support it.

I think as long as the bitcoin community continues to survive and grow it will be more expensive, many analysts say that if bitcoin can last another 10 years then the price will reach $ 1 million, this is of course reasonable because bitcoin is increasingly popular and the volume of daily transactions continues to increase so that its value will to more expensive.

The adoption of bitcoins as a means of payment may increase demand, but that is not the only reason why the price has had to rise so high. Bitcoin needs a lot of support from investors for the demand to really increase and for the result the price gradually increases. I'm not sure what the ideal price is for bitcoin and if it's necessary, but as the amount of reward miners get in a block gets lower then the bitcoin price should go higher and higher.

Miners do need high costs to continue their mining business, but when the bitcoin price is not higher than now after the halving then of course the miners will not be able to cover the mining fee.

I think the main key to making the price of bitcoin more expensive is the use of direct transactions, if more and more people use bitcoin for online or offline payments then the price will continue to skyrocket, and I believe that in 10 years the price will reach at least $ 500k.

I don't understand why people still compare BTC with gold. I do remember that BTC is called the Gold of crypto, but that doesn't mean that it's gold for real. For BTC to reach the marketcap that gold holds, it'll need insane buying and for that, lots and lots of money is needed and even these interferences from SEC trying to kill some big cryptocurrencies under the name of securities needs to be weeded out. It'll take too much time for such a target to be touched.

Sounds good to me… I’ve considered $200K as the target price for Bitcoin for quite some time now and I’d have a hard time buying above that price. I do think my best case scenario has the price of BTC around $800K though, so it’s interesting that this number falls right in the middle. It’s nice to think about, especially if it were to happen this cycle.

I personally see Bitcoin, it is very, very young and on its way and needs time to gain attention and trust in terms of widespread acceptance on the same scale. By the way, it looks like you also have to recalculate and adjust to conditions annually from 2024 onwards if you want to make an estimate if you compare it to the price of gold and publish the correctness of the calculation so that the audience is constantly updated.

Gold also has other applications besides storing value, but the truth is that it has unlimited supply, of course, if we take into account that it exists outside our planet and that some estimates say that it will be technically and economically profitable to mine it in about fifty years.

As for BTC max supply, it is true that it is set to 21 million and that part of it is currently or even irretrievably lost, but it is also true that in the future there may be a consensus to increase this number, because it is only about code which can be changed at any time. People change with time, so what was incomprehensible to people 50 years ago is now a commonly accepted thing in society.

Not to be misunderstood, I am not in favor of such radical changes and I think that max supply should remain just as it is, but will some people think the same in 50 or 100 years?

I know that you provide information for fun because the calculation of thread information is unrealistic for comparison with gold, everyone has been convinced of investing in gold since long time ago because of the chance to get a convincing profit in the long term, but they have new options to allocate funds for investing in bitcoin, some last year the growth of bitcoin investors increased significantly and many investors cut half of their other investments to switch to bitcoin investment, the limited supply has convinced them to believe bitcoin investment is better than any investment in the future.

Imagine if the time machine worked to go back in time when the bitcoin price was $1, how many years could the bitcoin price reach $60k in the future, all the answers would be impossible and some like your answer above, that the fact that the price of 60k can be reached in less than 20 years and the potential the same for the $100k price will be achieved faster than your speculation.

True as you say, it's not just about the numbers and how much Bitcoin is worth. The price mentioned by the OP is only a calculation that relies on data that is not necessarily accurate. demand and supply are the most influential indicators of the price of Bitcoin. See how the current demand will certainly increase if there are new requests. The more investors that enter, Bitcoin has the opportunity to reach a higher price.

Gold is definitely a good indicator, and should be considered as a good drawing point to bitcoin. It will 100% go there without a doubt. It will reach gold marketcap without a doubt. It will take some years though, it is not going to happen over night, it is going to take maybe a decade to get there and I believe that we are going to see it change a lot more meanwhile.

This is why I believe that we should be hoping for the best but also getting ready for the worst because short term will not be as easy as the long term. If you buy and hold for over a decade then you should be fine, but if you buy and not really hold it for a long term and just hold it for short term then we do not know what's going to happen in the end.

Of course it's are more for fun/informative than serious thinking. Gold has existed since prehistoric times, gold already has the belief of every human being on earth that gold is a precious metal, while bitcoin is still very young, not even 20 years since it was first launched. So it's not balanced if bitcoin fights the dominance of the gold community.

But gold is always mined every day and the amount will always increase. While bitcoin is decreasing in number from day to day. Nonsense that bitcoins total 21 million. Bitcoin is not up to 21 million, many people have lost their wallet keys

So, for now maybe just for fun, but for the next 50 or 100 years? Who knows

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.

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.

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.

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.
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.

Noted, thanks for correction. Actually I was taking the numbers as decimal number so I thought it as a point like 2.1 or 2.33 etc. It would be helpful if you would use coma instead of full stop because I think in mathematics both have some differences. But these differences are ignored in many field but in writing down calculations. It would be important to not to misuse the terms.

I hope you wouldn't mind me.

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.

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.

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.

Do not worry, bitcoin price is going $100000.

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.

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


Maybe you have free time? i will be happy if you do the math for me.


OMG... it turns out that many have discussed it, but they are too lazy to count it

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

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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