Topic: This could be the bitcoin bears nightmare! - page 3. (Read 5376 times)

No.  No more than it is the question to ask when trying to establish the "real intrinsic value" of a BTCeanie BTCaby.

The other aspect to consider is stock to flow, Bitcoin currently holds its value because it is pretty much held tightly. It has an extremely high stock to flow ratio. "Stock" means those who are sitting tight on their Bitcoin, letting it lie still for the future, and "flow" means those who are presently trading their Bitcoin. A limited amount of money can flow through the same Bitcoin many times, over and over, driving it higher and higher with each pass, as long as new Bitcoin is not coaxed out of hiding. And the interesting thing in this process is that it actually causes the opposite of the expected supply/demand reaction. With each pass-through of money more "flow Bitcoin" is moved into "stock Bitcoin", not the other way around like commodities and currency.

Hodlers gonna hodl
 

Im aiming for 2k but I hope you are right tho.

I can see this being somewhat true, but it would be tough.. Man wouldn't it be nice, by the time I graduate college, I could potentially retire at the same time  ...but screw that, I'd make my parents retire and take risk to do something with my life instead, hopefully make life better for everyone.

Bitcoin went from over $1100 to $345 in 2014, btc yearly 10x rise ended 1 year ago.

Meanwhile, 22 days before 2015 begins, BTC is worth 349 usd.

sounds like sound logic to me. excuse me while i continue to huff this canister of varnish.

Why not consider how much value there can be on Earth?

10 billion people stable global population
45 years of work productivity with 75 years life expectancy (monetary supply should hold a lifetime of value)
50.000 USD GDP per average futuristic civilized capita someday in the future using current money
100% global privatization
20M Bitcoin (some are lost, irrecoverable, Satoshi doesn't cash out everything at once, not 2138 AD yet, etc)
90% blockchain market share
____________________
1 012 500 000 USD

One billion dollars in 2014's paper money.

10.000 $ maybe in 2020-2022. there is a long road.

Fiscal policy of late seems to be aimed at bringing M4 out in the open, which is behind the curtain moneylike objects.... it's possible that bitcoin starts making a dent in that market ahead of M1,2,3 penetration.

About the real intrinsic value of 1 BTC, the question is:

How Much Money Is There on Earth?

considering the M3 aggregate, that includes physical money, paper bills, metal coins, checking accounts, savings accounts, institutional money market funds and long term deposits, the answer is $75 trillion, at today 2014. (source: http://gizmodo.com/5995301/how-much-money-is-there-on-earth)

We all know that the total number of bitcoin can never exceed 21,000,000.

So if we do de math, assuming (very) hypothetically that all the money of the world will be converted in BTC, we will have

75,000,000,000,000 /
            21,000,000 =
____________________
$ 3,571,428  for  BTC


1 BTC = 3,5 million dollar!!!!

We all know that 1 BTC = 100,000,000 base units, friendly called "satoshis". This means that 1 satoshi =  $ 0,0357

I know, this is a very asymptotic scenario that never come true, but if we assume that only 10% of the total money supply will be converted in Bitcoin, we should have realistically:

1BTC = $ 357,142

I know, these calculations are very simplistic and do not include all the many factors that exist in determining the value of the exchange rate between two currencies, but I think they make, simply, the idea of the value that bitcoin might have if his concept becomes widespread capillary and in a stable manner worldwide.

My 2 cent, 

thanks,

1JScDgJYfVVafFzgveUFnst61gBgFbdVtv

1000$ is possible because it has already happen!
so 1000$ must be a fact for 2015 

It's anyones ballgame, I think spreading you assest is always the way to go.

Bitcoin had the potential and it grew so fast until 2014, now we're in bear's market. It's not possible to increase like that anymore...

I think this is a bit of a stretch. Bitcoin is far from being able to replace fiat and probably never will.

When you have a price of  a million dollars for one bitcoin you will have exceeded the world GDP and even having a significant percentage of the world GDP is not realistic

and we can believe that it will have its effect after bitcoin reaches 1 million per btc

While you are correct that the price of bitcoin has risen by roughly 10x every year for the past several years, I do not think this is going to continue. The 'law of large numbers' will unfortunately prevent this rapid pace of price appreciation from continuing.

yes
i believe that bitcoin will rise above 10000$ at next block reward half

fixed

Don't you mean 2015?