What Bitcoin price is too high? | Bitcointalksearch.org

dumada

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Quote from: 1Referee on August 08, 2016, 03:51:33 AM

Quote from: dumada on August 08, 2016, 02:38:31 AM

Quote from: vero on August 07, 2016, 02:40:49 PM

Quote from: ASHLIUSZ on August 07, 2016, 12:52:01 PM

Quote from: dumada on August 07, 2016, 07:23:46 AM

Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

If bitcoin spreads worldwide and majority people use it the price may be $10k, but for worldwide acceptance of bitcoin it needs some decades.

No that's would never happen we need to divide first from 350 million people for every category, child will not include,people who do not believe bitcoin even though they knew would bitcoin,etc after that we can made a prediction but surely the price never reach $10k.

$350 million will be the active users of the bitcoin. If so, the bitcoin price will be more than 1000 billions.

Huh? First you come up with $100K per coin, and now more than $1000 billion? Please share your way of doing calculations, because to me it seems you're just trolling...

Sorry, I meant the bitcoin market cap will be over $1000 billion, when the price is over $50,000 each.

1Referee

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Quote from: dumada on August 08, 2016, 02:38:31 AM

Quote from: vero on August 07, 2016, 02:40:49 PM

Quote from: ASHLIUSZ on August 07, 2016, 12:52:01 PM

Quote from: dumada on August 07, 2016, 07:23:46 AM

Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

If bitcoin spreads worldwide and majority people use it the price may be $10k, but for worldwide acceptance of bitcoin it needs some decades.

No that's would never happen we need to divide first from 350 million people for every category, child will not include,people who do not believe bitcoin even though they knew would bitcoin,etc after that we can made a prediction but surely the price never reach $10k.

$350 million will be the active users of the bitcoin. If so, the bitcoin price will be more than 1000 billions.

Huh? First you come up with $100K per coin, and now more than $1000 billion? Please share your way of doing calculations, because to me it seems you're just trolling...

dumada

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Quote from: vero on August 07, 2016, 02:40:49 PM

Quote from: ASHLIUSZ on August 07, 2016, 12:52:01 PM

Quote from: dumada on August 07, 2016, 07:23:46 AM

Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

If bitcoin spreads worldwide and majority people use it the price may be $10k, but for worldwide acceptance of bitcoin it needs some decades.

No that's would never happen we need to divide first from 350 million people for every category, child will not include,people who do not believe bitcoin even though they knew would bitcoin,etc after that we can made a prediction but surely the price never reach $10k.

$350 million will be the active users of the bitcoin. If so, the bitcoin price will be more than 1000 billions.

vero

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Quote from: ASHLIUSZ on August 07, 2016, 12:52:01 PM

Quote from: dumada on August 07, 2016, 07:23:46 AM

Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

If bitcoin spreads worldwide and majority people use it the price may be $10k, but for worldwide acceptance of bitcoin it needs some decades.

No that's would never happen we need to divide first from 350 million people for every category, child will not include,people who do not believe bitcoin even though they knew would bitcoin,etc after that we can made a prediction but surely the price never reach $10k.

ASHLIUSZ

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Quote from: dumada on August 07, 2016, 07:23:46 AM

Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

If bitcoin spreads worldwide and majority people use it the price may be $10k, but for worldwide acceptance of bitcoin it needs some decades.

angryswamp

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there is no too high price for me i always buy my bitcoins to be honest

dumada

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Quote from: 1Referee on August 06, 2016, 06:25:50 AM

Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

If 350 million people use the bitcoin regularly, the price will be over several hundred thousand dollar each bitcoin.

1Referee

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Quote from: safari88 on August 06, 2016, 06:00:43 AM

$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

All people in the world to use Bitcoin? Nah, that's unrealistic and will definitely not happen. I think we may be happy if we at some point manage to get 5% of the world population to adopt Bitcoin. 5% of +7 billion = at least 350 million people.

safari88

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$5000 The highest is the maximum price that will be achieved bitcoin in my opinion, it could be more when the future of all people in the world using bitcoin.

Shibashi Dogemoto

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Quote from: Schuyler on August 04, 2016, 05:27:31 AM

Any number in the five digit range is too high, in my opinion. I wouldn't mind if one day the price reaches that level but for that to happen in the next five years is asking too much. With bad news left and right that somehow keeps bitcoin's price on leash, I am only expecting it to reach $800 at max by the end of the year.

Yes $800 is realistic price to think of and it may touch that price at the end of the year, and I don't think that it can achieve the price of $1k in this year.

dumada

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Quote from: Schuyler on August 04, 2016, 05:27:31 AM

Any number in the five digit range is too high, in my opinion. I wouldn't mind if one day the price reaches that level but for that to happen in the next five years is asking too much. With bad news left and right that somehow keeps bitcoin's price on leash, I am only expecting it to reach $800 at max by the end of the year.

At present, if the bitcoin price is over $1000, it is too high. In the next year, if the price is $2000, that is not high.

Schuyler

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Any number in the five digit range is too high, in my opinion. I wouldn't mind if one day the price reaches that level but for that to happen in the next five years is asking too much. With bad news left and right that somehow keeps bitcoin's price on leash, I am only expecting it to reach $800 at max by the end of the year.

dumada

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Quote from: fireball4 on August 03, 2016, 06:45:47 PM

Quote from: Theboyz12 on August 02, 2016, 05:18:42 AM

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

yeah, after bitfinex hack im not expecting to make any bigger profit, though i hope that the price will bounce back 700 per bitcoin wouldnt be too high

If there is no further bad news, the bitcoin will trade around $550 in the next few months and then rise.

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Quote from: Theboyz12 on August 02, 2016, 05:18:42 AM

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

yeah, after bitfinex hack im not expecting to make any bigger profit, though i hope that the price will bounce back 700 per bitcoin wouldnt be too high

SvenBomvolen

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For me it's high even now, I need to work a lot to get one btc. People here talking that will rise more, then I presume 10000 $ is too high, everything bellow that can be reached in next 10 or more years. If I continue to gather coins and keep them I will have nice money one day.
It's sounds easy when I think about it, but I need to say that I'm a bit worry cause of this drop in last few days. I hope btc will start to go up soon.

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Quote from: Positid on August 02, 2016, 08:52:05 AM

I have to conservation with my prediction here and have selected only $1,000 for now. I am actually looking for the short term price of bitcoin, and having said that short term for me means that the price will happen this year alone, yes! we can witness a good price this year of up to $1,000.

one thousand dollars per bitcoin would definitely be not too much in my opinion because its still a pretty low price, in my opinion the new all time high might be reached

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Quote from: Theboyz12 on August 02, 2016, 05:18:42 AM

For now this year don't expect that one of the poll will reach because the price is decreasing and i think we will experience of crisis here and the price will hit again back to below 600 value..

yeah, this year im not expecting huge prices because the bitfinex hack happened though next year i think we might reach a new all time high easily

KingdomHearts

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Quote from: ImHash on August 02, 2016, 05:17:17 AM

it only depends on the popularity of bitcoin and how many people are buying and selling if a lot of them like millions try to buy some btc then $5000 is still considered as low, more people get involved with bitcoin and crypto in total more rising in prices I hope. Roll Eyes

yeah you are right that it all depend on popularity and adoption of of bitcoin , and i am sure bitcoin will be more increasing its price to a huge value and then we can get good profit.

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Quote from: StoreBit on August 03, 2016, 05:04:02 PM

Quote from: 1Referee on August 02, 2016, 05:20:31 AM

Quote from: dumada on August 02, 2016, 05:03:30 AM

In the short term, if the bitcoin price is $900 next month, I think it is too high. If it is $800, it is reasonable.

It's a free market, if the price reaches $800 or $900, then it doesn't mean it's too high. It depends on the reason of the price going up that much. If it's without reason, then you can indeed say that the price is overbought.

what kind of reasons are you talking about , i think the bitcoin is increasing for only one reason and that is that if the demand of the bitcoin in the market increase the price of bitcoin will also increase, more ever the demand depend on the interest of the people if people are taking interest in bitcoin or more and more people are entering in the world of bitcoin and they want to invest their money here in bitcoin then the demand of bitcoin will also increase.

There's demand, from both speculators and consumers, there's people willing to supply it, there are miners that are invested in it, there's a ton of people with a lot of money invested in Bitcoin, and the only price that is too high is whenever the market decides that the price of Bitcoin is too high and we either see a correction or a dump. Just because people are interested in Bitcoin doesn't mean a whole lot, just that more people find it interesting and might or might not get more involved with it. If people work for Bitcoin more, the value will slightly increase, but it won't do much just because the value workers contribute is very little, especially in this sort of economy. Those with money decide where the value goes.

StoreBit

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Quote from: 1Referee on August 02, 2016, 05:20:31 AM

Quote from: dumada on August 02, 2016, 05:03:30 AM

In the short term, if the bitcoin price is $900 next month, I think it is too high. If it is $800, it is reasonable.

It's a free market, if the price reaches $800 or $900, then it doesn't mean it's too high. It depends on the reason of the price going up that much. If it's without reason, then you can indeed say that the price is overbought.

what kind of reasons are you talking about , i think the bitcoin is increasing for only one reason and that is that if the demand of the bitcoin in the market increase the price of bitcoin will also increase, more ever the demand depend on the interest of the people if people are taking interest in bitcoin or more and more people are entering in the world of bitcoin and they want to invest their money here in bitcoin then the demand of bitcoin will also increase.

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