What if all the money in the world entered the cryptocurrency market?

KaliLinux

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Quote from: Ozero on February 16, 2022, 04:12:02 AM

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

These are all almost childish fantasies that are not destined to come true. I don't think we'll ever see a $1 million bitcoin price. We don’t know if bitcoin could reach such a price even if it formed under ideal conditions for this. But bitcoin will always exist among states, and they are unlikely to be happy if very large capital is poured into the cryptocurrency, which they cannot fully control. I don’t want to predict what states can do in response to a significant increase in the influence of cryptocurrency in the financial sector, but such an influence of the state will definitely not be allowed.

Treu talk, it still surprises me when I see all these "IF" fantasy questions about Bitcoin, what if it was this and what if it was that. We all like to see that and we all or maybe not all understand how the Government and economic policies work. This ain't happening, that is, All the worlds money entering Bitcoin Grin

I have asked this question before, which countries' Government will give up their fiat money for crypto or Bitcoin, I mean the ones that control the world economy? Don't overthink it OP.

Ozero

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

These are all almost childish fantasies that are not destined to come true. I don't think we'll ever see a $1 million bitcoin price. We don’t know if bitcoin could reach such a price even if it formed under ideal conditions for this. But bitcoin will always exist among states, and they are unlikely to be happy if very large capital is poured into the cryptocurrency, which they cannot fully control. I don’t want to predict what states can do in response to a significant increase in the influence of cryptocurrency in the financial sector, but such an influence of the state will definitely not be allowed.

ice18

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Quote from: kawetsriyanto on November 09, 2021, 06:35:22 PM

Quote from: Flexystar on November 08, 2021, 11:08:27 PM

No one is going to put all of their money into crypto. For example, I would always put only 10-20% of my salary into bitcoin that is also after I have fulfilled my household things.

Agree. How can everyone put all their money into crypto market? I don't think any possible way, it is simply impossible to happen. Not all people want to speculate their money into crypto coins, even it is Bitcoin. Some people prefer to have fiats because it is easier to use for payment purposes. Some people also aren't interested to invest in something unpredictable. According to these facts, surely there are many people who don't want to put their money in Bitcoin or altcoins.

Not in crypto but I think its very possible into digital form, Time will come all fiat money will become obsolete and transform into Digital like CBDC, and will become easy for every people who want to put their money into crypto. Most people today are hesitant to enter crypto for obvious reasons but when the time comes that all governments legalized crypto they will adopt and possibly most of them will transfer their wealth into it.

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Quote from: Flexystar on November 08, 2021, 11:08:27 PM

No one is going to put all of their money into crypto. For example, I would always put only 10-20% of my salary into bitcoin that is also after I have fulfilled my household things.

Agree. How can everyone put all their money into crypto market? I don't think any possible way, it is simply impossible to happen. Not all people want to speculate their money into crypto coins, even it is Bitcoin. Some people prefer to have fiats because it is easier to use for payment purposes. Some people also aren't interested to invest in something unpredictable. According to these facts, surely there are many people who don't want to put their money in Bitcoin or altcoins.

Mahanton

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Quote from: TinaK on November 09, 2021, 04:38:02 PM

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

This was what I'm thinking a few days ago and now I'm starting to invest even a little amount that comes from my monthly salary. There's a good opportunity that waiting ahead upon investing in bitcoin and I know it's worth it when someday bitcoin will become very expensive in the market. Even, for now, I saw a lot of good news that happens around bitcoin, there are a lot of adoptions like making bitcoin as a salary and also legalizing it in some countries to become legal tender. So possible there are more good opportunities waiting ahead and while we have time we can now invest into it.

Always be mindful about the risk because it doesnt mean that it is the main trend as of now which it could continue on years ahead which we should think that there would be
no guarantees when it comes to this manner.Always consider on investing on the amount that you can afford to lose and dont put up all of your life savings on it,
You wouldnt know on what would happen next which it is just right that you wouldnt really go all in. Thinking off on all money in the world entered crypto market?
that will surely put up on high peak prices but the question, is that possible? No of course.

TinaK

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

This was what I'm thinking a few days ago and now I'm starting to invest even a little amount that comes from my monthly salary. There's a good opportunity that waiting ahead upon investing in bitcoin and I know it's worth it when someday bitcoin will become very expensive in the market. Even, for now, I saw a lot of good news that happens around bitcoin, there are a lot of adoptions like making bitcoin as a salary and also legalizing it in some countries to become legal tender. So possible there are more good opportunities waiting ahead and while we have time we can now invest into it.

habebe

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if that happens, it will be nice but the government is the only one who handles Cryptocurrencies to everyone and besides the network needs to provide Internet how much more I think everyone is using Cryptocurrencies in all countries I'm not sure the network can handle its my opinion is that even all crypto, has been conquered by the world, so how come the ignorant - even all money has become crypto currency that there is still ignorance in life, so it's better for those who have crypto assets because they already know and they first realized ,, will in thing very good to hear that all are crypto currencies that the money with all countries

AicecreaME

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

This scenario will never gonna happen so there's no point in thinking about it. Given that not all people are into crypto. It's really impossible for "all the money in the world" to enter the crypto market. It won't happen in stock market, neither in our community. You're basically waiting for a fish to walk on land. It's futile to ever think about it because it's not going to occur anytime now or in the future. You can't encourage everyone to trust how the crypto market works, the same way you can't control their decision-making, or their tolerance of risk because we don't have the same viewpoint in life.

You do what you want to do and let other people manage their lives and assets. Invest if you can, and let them handle their own finances in life. After all, the world does not only revolve in crypto. There are many other ways to sustain the economic growth and to be financial independent. You just have to have determination an perseverance.

DOH!

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!

They will get into bitcoin and not necessarily into altcoins, but when the market is dependent and expansive. All will resonate with a larger, more diverse spectrum. Imagine and believe the SEC could approve a bitcoin ETF with Spot this weekend, that continues to be a big explosion for trust with trust levels. I think bitcoin will be 100k in november and future there it will be 1M$ Roll Eyes

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Quote from: JohnBitCo on November 08, 2021, 02:21:55 PM

Quote from: stadus on October 11, 2021, 11:35:19 AM

Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

One day this will happen when the fiat money will be completely replaced by the digital currency. The way crypto is being adopted , i think we are not far away to see this time.

Although banks and governments oppose this change but eventually this change will happen.

If this type of people are opposed to it, I believe it will be difficult, but we can't rule out the possibility that they will begin to accept it in the future, similar to other countries that have made bitcoin legal, which has had a positive impact on their country. However, for the time being, my opinion is that digital currency will be a long way from completely replacing fiat currency. The other hand, if all money is in cryptocurrency, I believe the price will stabilize like other currencies as a result of supply and demand just like other fiat money that we are using.

Flexystar

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

You say what man ?

It is the foundation of the new economic system? No it’s not. It’s not even close because it’s infrastructure is too poor to handle the whole worlds transaction. I mean MasterCard and VISA, look at the infra and the work force needed to run the whole dam thing. Now that’s what you call as economic system. Crafted and upgraded with classic touch.

No one is going to put all of their money into crypto. For example, I would always put only 10-20% of my salary into bitcoin that is also after I have fulfilled my household things.

rizqoAD

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I don't think that will happen because paper money will be centralized and always controlled by the bankers. While cryptocurrencies are decentralized by nature making them very difficult for a country to adopt, each country has their own currency which is protected by law and keeps foreign currencies like cryptocurrencies from taking over from fiat money. We always see the fantastic price of Bitcoin so it is possible if the price of Bitcoin becomes very expensive.

odolvlobo

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Quote from: Maidak on November 08, 2021, 12:40:31 PM

Both fiat money and cryptocurrency are equally important. Each one has its individual function,
It is not possible to give precedence over one to another. In many cases, we must have to use Fiat Money, cause there is no alternative. For example, you know that in the case of cryptocurrency, chargeback is not possible, once the payment is broadcasted, there is no way to get it back. We need chargeback for banking transactions and our daily transactions. So in this case you must have to use Fiat Money.

There is nothing that fiat money can do that cryptocurrency cannot. There is no reason why you cannot have chargebacks with a cryptocurrency. The process may not be integral to the cryptocurrency itself (just as it is not with fiat money), but it can be implemented in a payment system built on top of the cryptocurrency. For example, there is no reason why the Lightning Network could not include a chargeback system (though I doubt it ever will).

JohnBitCo

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Quote from: stadus on October 11, 2021, 11:35:19 AM

Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

One day this will happen when the fiat money will be completely replaced by the digital currency. The way crypto is being adopted , i think we are not far away to see this time.

Although banks and governments oppose this change but eventually this change will happen.

Maidak

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Quote from: qwertyup23 on November 08, 2021, 11:40:49 AM

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

I doubt that this would happen even in the future. Remember that transacting through fiat has been recognized around the world due to its convenience and point of reference among countries. Since all adhere to such standard of payment, it is obvious that its price derives depending on the economics and financials of the country.

If all countries dedicate their whole money and entered into the cryptocurrency market, then that would just be chaos impending. The value of cryptocurrencies is too volatile and that would cause every value of fiat to decrease on the market rendering it obsolete.

Both fiat money and cryptocurrency are equally important. Each one has its individual function,
It is not possible to give precedence over one to another. In many cases, we must have to use Fiat Money, cause there is no alternative. For example, you know that in the case of cryptocurrency, chargeback is not possible, once the payment is broadcasted, there is no way to get it back. We need chargeback for banking transactions and our daily transactions. So in this case you must have to use Fiat Money.

kanayaTabitha

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Quote from: seoincorporation on November 08, 2021, 09:54:24 AM

if that happens then money and cryptos will lose their value. i will be clear with the title 'All the money, so, imagine a world without money because all of them is in the cryptos market. So, if no one can buy cryptos because no one has money then any kind of money will lose sense.

I feel like it's a tricky question mate... There is approximately US$ 40 trillion in circulation, and it's the fuel for humanity to evolve, without the money being spent the humanity would get stuck.

I think when these things really happen, the world is no longer need fiat money instead of stable cryptocurrency like USDT.
So people no longer buy things with fiat and people's income or salary is directly transfer to stable cryptocurrency into their addresses.
I think this decentralized of money will happen somewhen in the future could be more than 50 years, because to realize this we need the world with all the human knows the technology like the human know the money in current era.

blatchcorn

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Quote from: xSkylarx on October 11, 2021, 10:05:37 PM

Quote from: blatchcorn on October 11, 2021, 12:29:00 PM

Crypto is popular among its community member and right now its in every country. The no of people that are using it or fully understand it are still very less in number. To me crypto is far from becoming a fundamental technology or may be never, primary reason you have already mentioned.

There are lot of people now a days that know bitcoin and what it is but they didn't put their money to since they know that is is very risky . Since the pandemic came the netizen get curious of bitcoin thats why they research and get know bitcoin . But it is really innovation into currency system now a days and also it is great for the future . I think if all money entered the crypto is the price will stabilize i think since there are balance supply and demand which i think not that good for the investors.

If you see government regulations regarding decentralized crypto then they are very much same even in pandemic. I don't foresee that government will soften its stance on decentralized crypto in near future. Its the community that is driving the crypto market for past 10 years and will be major factor in coming years also. Nonetheless it will be good if all money in the world enters crypto i.e. fiat is replace by crypto. But thats something not happening now.

qwertyup23

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

I doubt that this would happen even in the future. Remember that transacting through fiat has been recognized around the world due to its convenience and point of reference among countries. Since all adhere to such standard of payment, it is obvious that its price derives depending on the economics and financials of the country.

If all countries dedicate their whole money and entered into the cryptocurrency market, then that would just be chaos impending. The value of cryptocurrencies is too volatile and that would cause every value of fiat to decrease on the market rendering it obsolete.

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Quote

There is approximately US$ 40 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts.
Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion.

Quote

The value of all cryptocurrencies in circulation (over $2 trillion) and investment in commercial real estate ($30 trillion) also represent a small portion of the total money in the world. Bitcoin, for example, accounts for less than 1% of the world’s money.

How Much Money Is There In The World? | 2021 Edition

So I think we could say if all the money in the world was invested in crypto currency, and more specifically in bitcoin, we could say the price would grow x100, reaching to 6,600,000$ dollars. That is just my basic understanding though, taking in consideration bitcoin represents less than 1% of the world's money.

7788bitcoin

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Quote from: sgenuine on November 08, 2021, 09:44:04 AM

I don't think that authorities will let crypto replace traditional financial system. They may start banning withdrawing crypto, centralised exchanges, everything that they can close as they don't want to lose control over finances. Anyway, I am sure that crypto will become more and more expensive within time so earlier we start invest, the more will get in the long-term.

It is a thought process that majority of the cryptocurrency investors would like to see, more investors in the market so that they could make millions of dollars and that is where this idea stems when there will be major adoption. The fact is you cannot expect everyone to invest in the market, there are many that will burn their balance once the bear market starts looming over us and it is a natural progression Cheesy

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bosede1

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You know that this is just mere imagination which is not totally impossible, all the money in the world cannot be narrowed into the cryptocurrency market. We possibly look towards a day where majority of the Country will adopt crypto into their economy.

seoincorporation

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if that happens then money and cryptos will lose their value. i will be clear with the title 'All the money, so, imagine a world without money because all of them is in the cryptos market. So, if no one can buy cryptos because no one has money then any kind of money will lose sense.

I feel like it's a tricky question mate... There is approximately US$ 40 trillion in circulation, and it's the fuel for humanity to evolve, without the money being spent the humanity would get stuck.

sgenuine

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I don't think that authorities will let crypto replace traditional financial system. They may start banning withdrawing crypto, centralised exchanges, everything that they can close as they don't want to lose control over finances. Anyway, I am sure that crypto will become more and more expensive within time so earlier we start invest, the more will get in the long-term.

glendall

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one thing that is impossible if bitcoin is adopted all over the world. because bitcoin is very protective of all governments,
but if it is true that it can be adopted then the price of bitcoin will be more than 1 million $ per unit

investment opportunities in crypto now and in the future I think it's still good and can be relied on for its profits and can be passed on to our children and grandchildren

TimeTeller

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Quote from: syedakhlaque on November 06, 2021, 09:03:11 AM

This may be possible but after a long time waiting. It is seen that Bitcoin is being used for international trade & payment in different countries. Cryptocurrency is getting popular in all business communities . Youngsters are eagerly joining this trade. I think that cryptocurrency will maintain its value and status in markets of the world . The flow of cryptocurrency cannot be controlled by anybody or a country. But today it is very far saying" all the money in the world entered the cryptocurrency market"But in the future, anything can happen.

I don't know if that situation will happen in our lifetime.
Because with traditional banking system alone, I don't think they will disappear in our time.
Major population on this world are still depending on the services of traditional banking system.
Though the OP is just asking a theoretical scenario here, but don't expect too much.
Just be glad that crypto adoption is growing everyday, which can contribute more demand from the market.

syedakhlaque

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This may be possible but after a long time waiting. It is seen that Bitcoin is being used for international trade & payment in different countries. Cryptocurrency is getting popular in all business communities . Youngsters are eagerly joining this trade. I think that cryptocurrency will maintain its value and status in markets of the world . The flow of cryptocurrency cannot be controlled by anybody or a country. But today it is very far saying" all the money in the world entered the cryptocurrency market"But in the future, anything can happen.

molsewid

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Quote from: South Park on October 14, 2021, 05:09:37 PM

It depends on what they mean by this, I think that 50% of the world population using bitcoin exclusively is probably never going to happen, however a 50% of the world population using bitcoin along with fiat seems way more realistic, after all once an idea becomes widespread then it gets explosive adoption, this is what we are seeing with social networks all over the world in which now the majority have an account in one of the many different social networks that exist, and something similar could happen in the world of cryptocurrencies.

Or maybe it is only 25% of the world's population solely using bitcoin in any transaction is possible and a 50% population using bitcoin along with fiats but the rest of the 25% population will be totally not going to use any transaction that will be link to bitcoin or to cryptocurrency because the population of the world that has no capable to adopt the fast changing technology also able to purchase any gadgets because of the poverty. So we can't assume the world where the whole currency entered in cryptocurrency market be like because fiat's will still in picture even every country accepts bitcoin.

South Park

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Quote from: stadus on October 11, 2021, 11:35:19 AM

Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

It depends on what they mean by this, I think that 50% of the world population using bitcoin exclusively is probably never going to happen, however a 50% of the world population using bitcoin along with fiat seems way more realistic, after all once an idea becomes widespread then it gets explosive adoption, this is what we are seeing with social networks all over the world in which now the majority have an account in one of the many different social networks that exist, and something similar could happen in the world of cryptocurrencies.

peter0425

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

if all the money in the world will be invested in crypto there is no assurance that bitocoin will grow that high(1 million dollars per bitcoin) because there are possibilities that they will be investing in different coin not in bitcoin only.
if you mentioned to be bitcoin specifically then it is not only a million but maybe 10 million dollar or more per btc.

Darker45

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If, and this is clearly a question of if, all the money will enter the crypto market, the first beneficiary will be Bitcoin. That's probably more than enough for Bitcoin to reach a million USD. How probable is this, though? I'd say it has very low probability. Money may, or perhaps will, completely turn digital but there will probably never be an exodus of fiat money into the current crypto market that we know of. That's for as long as government systems will continue to prefer that control over monetary policies be upon them.

xSkylarx

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Quote from: blatchcorn on October 11, 2021, 12:29:00 PM

Quote from: stadus on October 11, 2021, 11:35:19 AM

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

Crypto is popular among its community member and right now its in every country. The no of people that are using it or fully understand it are still very less in number. To me crypto is far from becoming a fundamental technology or may be never, primary reason you have already mentioned.

There are lot of people now a days that know bitcoin and what it is but they didn't put their money to since they know that is is very risky . Since the pandemic came the netizen get curious of bitcoin thats why they research and get know bitcoin . But it is really innovation into currency system now a days and also it is great for the future . I think if all money entered the crypto is the price will stabilize i think since there are balance supply and demand which i think not that good for the investors.

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Quote from: stadus on October 11, 2021, 11:35:19 AM

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

Crypto is popular among its community member and right now its in every country. The no of people that are using it or fully understand it are still very less in number. To me crypto is far from becoming a fundamental technology or may be never, primary reason you have already mentioned.

Slow death

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Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

when bitcoin has a big pump like this current pump that is having because of a possible ETF approval the price of altcoins in relation to bitcoin starts to drop a lot, but the fascinating part is that days after the bitcoin pump disappears the price of altcoin against bitcoin starts to rise and this causes the price of altcoin against USD to have increases of more than 20%

Quote from: stadus on October 11, 2021, 11:35:19 AM

Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

I agree well in part with what you said, and I think that at least 70% of the world's population will have at least heard about cryptocurrencies in a few years' time.

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Quote from: yhiaali3 on October 10, 2021, 08:17:53 PM

This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

I don't think this is possible, first, cryptocurrency is just an alternative to fiat and no government would sacrifice their own currency just to invest in crypto. For me, it's not gonna happen, not even 50% of the world's population will use cryptocurrency in the future.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

Nah, that’s not going to be possible at all. But let us imagine that this is possible, and it happens tomorrow, then how is it going to be? Well to my own understanding, for all the money in the world to go into Bitcoin, then it will have to enter into a particular place. Let’s say that all the money will be given to cryptocurrency exchanges, and then cryptocurrency assets will be given out to people in the world. And that means that the value of Bitcoin is going to increase, and it is going to be more than the $1,000,000 that you have mentioned.

The Fiat will be held by the exchanges, and when people are ready to exchange it, then it will be given back to them. There is no way that Fiat will just disappear automatically. For one thing to have value, another thing of value will be exchanged for it.

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This is very likely to happen in the future, if the bitcoin price goes up to these fancy numbers then most of the altcoins will surely follow suit as always, yes i have thought about this before and decided to buy small amounts of several well rank altcoins in the market It can rise to fantastic numbers one day and I will leave it to the distant future and be like a fortune that I pass on to my children when they grow up.

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Which obviously is that this will have an impact on the trend of the crypto market, of course the price will stabilize on ATH, and there is no doubt that in fact... crypto is an asset/currency that has proven to be prominent until its role is increasingly recognized and will be more widespread all over the world.
Whatever will happen in the future is related to crypto and its future... here we can only predict and speculate that is not necessarily certain, which only hopes that crypto continues to show its best side.

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We might see the price of Bitcoin rallying to new height once we see more adoption which means if the market is able to attract more investors and we would eventually cross new all time high valuation during the bull run, but how long we will follow the same pattern is hard to predict in the long term. If we have low transaction fees then we might see the market rallying to those valuations in the near future.

Bitcoin is already the foundation of a new economical system and you do not need to do anything logically to understand that aspetc.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

Being optimistic isnt bad but be sure that you wouldnt really come into that point on where you do presume things which is impossible to happen.Fiat is limitless but doesnt mean that all of possible supply would focus on

a single market.Come to think that Forex/Stocks/Indices dose really exist and its impossible that all fiat would be poured on a decentralized market? I dont think os or couldnt really possibly to happen.

Lets just wait up and see on how demand and recognition will increase in the future but dont anticipate or really expect for these impossible things to happen.

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Quote from: Dhoe on October 10, 2021, 09:03:58 AM

if it happened that all the money in the world went into the crypto market, in my personal opinion, this would be a problem for bitcoin, because there is no more freedom, what is certain is that if it did happen, it would definitely be controlled by the rich, and those who have power, so my movement as a middle class person will find it difficult to compete with people who have power, and have wealth, I think this is a bad idea..

When Bitcoin is widely adopted, then whales will have less control over the value because they will own a much smaller portion and nobody will have control over the payment system like they do now.

Quote from: fiulpro on October 10, 2021, 09:33:27 AM

If all the money into the world entered the cryptocurrencies I do think that would be extremely unstable.

The value of a widely adopted bitcoin would be no less stable than any other currency.

Quote from: jossiel on October 10, 2021, 01:30:38 PM

Although it's only an if situation because we know that it will never happen because there are other investment assets that will remain to be a high option for most investors.

As Bitcoin is widely adopted, its price will stabilize, and it will be no more investable than any other currency.

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Quote from: DdmrDdmr on October 10, 2021, 08:29:01 AM

After Satoshi announced the release of Bitcoin v0.1, Hal Finney replied, citing amongst other things the following:

Quote

<…>
As an amusing thought experiment, imagine that Bitcoin is successful and becomes the dominant payment system in use throughout the world. Then the total value of the currency should be equal to the total value of all the wealth in the world.

Unfortunately, his thinking was flawed. The total value of the currency should be equal to the total value of all the money in the world. Money is only a small portion of wealth, as you noted.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC

You don't have to think about everyone in the world but just imagine if there were 1000 people or 1000 big institutional investor like MicroStrategy who were willing to buy bitcoin in bulk wouldn't the price be fantastic? I'm sure you have the answer.

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

And then what will happen to the other currencies (ALTS) ?

Ignore most of the altcoin as you should know that they will generally not be a viable currency due to the lack of real functionality in terms of usage and adoption. Of course altcoin price will get influence due to bitcoin price movement and will increase market cap but when it comes to usability then bitcoin come first.

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Although it's only an if situation because we know that it will never happen because there are other investment assets that will remain to be a high option for most investors.

Quote from: Dhoe on October 10, 2021, 09:03:58 AM

if it happened that all the money in the world went into the crypto market, in my personal opinion, this would be a problem for bitcoin, because there is no more freedom, what is certain is that if it did happen, it would definitely be controlled by the rich, and those who have power, so my movement as a middle class person will find it difficult to compete with people who have power, and have wealth, I think this is a bad idea..

This is actually happening everywhere right now. We're actually living to be with the whales and whatever they do to the market, we'll just be followers.

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If all the money into the world entered the cryptocurrencies I do think that would be extremely unstable. Since we would definately have people who would not be able to use cryptocurrencies, the people who have small business, poor people are well, would defiantly be excluded from the whole economy for the time being.

Then we might have to think about *volatility*, more people means more money flowing in and out of the market, which does mean the stability might be overthrown.

The governments will for sure try and dominate the bitcoins as well, which would end up in a war perse since the countries would be fighting with each other to have the upper hand, ending up in making countries like US, UK dominant. This might end up bad.

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It’s not definite yet as the market will be monitored by the government all throughout if all money will be moved in crypto. It’s not that the government will allow it to happen but if ever it happens the sense of being decentralized of the market will be gone. It will take a while before the market moves in pump or dump as the market will just seems to be a normal currency with stable value just like how Forex works it may moved when traded in other countries currency but in just a minimal movement unlike how crypto or bitcoin moves now.

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if it happened that all the money in the world went into the crypto market, in my personal opinion, this would be a problem for bitcoin, because there is no more freedom, what is certain is that if it did happen, it would definitely be controlled by the rich, and those who have power, so my movement as a middle class person will find it difficult to compete with people who have power, and have wealth, I think this is a bad idea..

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Actually, possibly the first publicly know exercise of the kind was made by Hal Finney back in 2009. At the time. With bitcoin just recently out of the oven, Hal toyed with the idea of all the world wealth being fed into bitcoin (something logically unreal, since wealth is stored in many forms, and only some could actually liquidate to bitcoin purchases under a reasonable conceptual scenario). His numbers would take each BTC to 10M$ (2009 numbers):

Quote from: DdmrDdmr on January 05, 2021, 12:01:35 PM

High price per bitcoin was even speculated, or at least tossed around as a potential, back in 2009.

After Satoshi announced the release of Bitcoin v0.1, Hal Finney replied, citing amongst other things the following:

Quote

<…>
One immediate problem with any new currency is how to value it. Even
ignoring the practical problem that virtually no one will accept it
at first, there is still a difficulty in coming up with a reasonable
argument in favor of a particular non-zero value for the coins.

As an amusing thought experiment, imagine that Bitcoin is successful and
becomes the dominant payment system in use throughout the world. Then the
total value of the currency should be equal to the total value of all
the wealth in the world. Current estimates of total worldwide household
wealth that I have found range from $100 trillion to $300 trillion. With
20 million coins, that gives each coin a value of about $10 million.

So the possibility of generating coins today with a few cents of compute
time may be quite a good bet, with a payoff of something like 100 million
to 1! Even if the odds of Bitcoin succeeding to this degree are slim,
are they really 100 million to one against? Something to think about...

Hal

https://www.metzdowd.com/pipermail/cryptography/2009-January/015004.html

Seems to have been on the mind of core people around the beginning, although through Hal’s words.

Note: Hal performed his exercise considering a 20M bitcoin supply. Whether that was a simplification, an oversight (strange, as 21M was mentioned by Satoshi on the post Hal answered to), or due to inner knowledge on 1M bitcoins never being movable (i.e. lost or thrown away keys) is a wonder …

First speculative arguments for HODL …

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Quote from: odolvlobo on October 10, 2021, 06:36:43 AM

It certainly is possible, but it is not likely. If people believe that Bitcoin is the best form of money then they will use it instead of fiat. If everyone switches to Bitcoin, then it will replace all other currencies.

Maybe some people will realize that in xx years from today, but what about countries like China, India, or the US which will not allow something like that at any cost? I'm not pessimistic about BTC, quite the opposite - but we need to be realistic about what is possible, and what has less than a 0.1% chance of ever happening.

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Quote from: Lucius on October 10, 2021, 06:19:33 AM

I don't understand why people ask questions like this when it should be clear to everyone that something like this will never be possible.

It certainly is possible, but it is not likely. If people believe that Bitcoin is the best form of money then they will use it instead of fiat. If everyone switches to Bitcoin, then it will replace all other currencies.

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I don't understand why people ask questions like this when it should be clear to everyone that something like this will never be possible. If I say that maybe at best 10% of people living in the world know how to say two meaningful sentences about Bitcoin, and that maybe 2-3% know something more, and only maybe 1% have above-average knowledge - in which universe does someone think that all the money in the world goes to Bitcoin?

Let's be more realistic and think in the billions or maybe trillions that will no doubt be invested in Bitcoin in the future, but it will still be just a fraction of the money that exists in the world.

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A 1 million dollar price is not a dream for Bitcoin in the future. It is a level that is easy to achieve I think. Because the demand for Bitcoin is continuing to rise very quickly every year. And not only the demand, but also Bitcoin adoption continues to rise. These factors are the number one criteria for Bitcoin to survive and even reach bigger levels. Maybe Bitcoin won't exist forever but before that I feel confident about the price to reach million-dollar levels.

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Quote from: hatshepsut93 on October 09, 2021, 05:23:15 PM

Major governments simply won't allot such thing to happen, they will fight tooth and nail to stop Bitcoin from replacing fiat money, and they can do it very effectively. How can Bitcoin replace fiat if governments won't allow any legal business to accept it as a currency? Either all business will have to switch to black market, which is absurd, or people will need to rise against such government, but why would people do that if almost no one cares about Bitcoin? China banned Bitcoin recently, and there has been no protests from the people.

Maybe, let us be grateful that for now, bitcoin and other alts can co-exist with the traditional fiat.
It may not replace the traditional fiat system but the adoption is growing each day.
I don't think that we will see it in our lifetime that crypto will be the major player in the financial system.
The decentralized nature of btc is one of the major reasons why it can't replace fiat.
The government wants their full control when it comes to financial aspect of their country.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC

I very much doubt that will happen, it's hard for everyone in the world to buy bitcoin anytime soon, maybe 20 years from now, but we have to realize that bitcoin won't be the best forever, people currently buy bitcoin just because of big profits, but when it's about using bitcoin as a means of payments the rates are very high compared to some altcoins and in the future people will want currencies that have cheaper rates to use as a means of payment.

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

And then what will happen to the other currencies (ALTS) ?

probably altcoins started to be bitcoin independent

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?

it will be something positive for the market

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

The question you are asking is wrong from the very beginning, you are asking what would happen if all the money of the world came to this market and this is not possible as there are many other markets that need money as well and as such investors will also invest in those markets, maybe what you meant is what if all the wealth of the world was denominated in bitcoin? Basically this will be an scenario in which all fiat currencies disappeared and bitcoin reigns supreme, and even that scenario is unlikely as governments will do everything to protect their fiat currencies from that fate.

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Major governments simply won't allot such thing to happen, they will fight tooth and nail to stop Bitcoin from replacing fiat money, and they can do it very effectively. How can Bitcoin replace fiat if governments won't allow any legal business to accept it as a currency? Either all business will have to switch to black market, which is absurd, or people will need to rise against such government, but why would people do that if almost no one cares about Bitcoin? China banned Bitcoin recently, and there has been no protests from the people.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?

like you said. anything can happen in crypto. But just imagining 1m/btc first that crossed my mind, what is the total fee for each transaction? $1k? Grin

because the fee on the exchange is currently around $50. what is certain is that if bitcoin goes up, the average altcoin will follow which is a good thing.

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Quote from: verita1 on October 09, 2021, 03:22:13 PM

I think we are at the beginning of great changes in the world where bitcoin and the crypto market are playing an important role.

I second that, the opportunity to be your own bank which the Bitcoin network affords its users is somewhat underrated, I mean, it's the real definition of freedom and control of assets, and on top of that the network is a hedge against inflation/devaluation, in my opinion every individual should enjoy such pros, thus this would continue to allure more and more individuals to the network, as well as institutions that will most prolly take the price to great heights, it could even be over $1,000,000 like the OP suggests, there are no boundaries/limits for the Bitcoin network.

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I don't think money around the world is going to the crypto market. But I am sure that I am investing in bitcoin and cryptocurrencies for the future of my smallest relatives.
That has been my motivation to invest in the long term because cryptocurrencies are here to stay.
I think we are at the beginning of great changes in the world where bitcoin and the crypto market are playing an important role.

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

How can all the money in this world enter into the cryptocurrencies? At first we need full/total adoption of informational technologies and securities on highest levels. Then, the money can't exist in decentralized way in a centralized world/government/society, otherwise it will be total anarchy and humans are kind of creatures that need leader, someone to control them.
Also, along with USD, there is Euro, GBP and other currencies. In overall, we can calculate the price of 1 bitcoin if all the money is put in it but if money is put in altcoins too along with bitcoin, we need to know ratio at first. But really, it's just impossible to predict because this task is very, very complex.

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Having a positive mind is good, but the same needs to be realistic. The marketcap of the cryptocurrency network altogether is very small compared to the marketcap of the traditional fiat around the globe. So, thinking about the entire money of the world into cryptocurrency is simply senseless. Once there were discussion that world's richest people will acquire the entire cryptocurrency holdings and will make the network centralized. Some believed in it, whereas the people who knew well about the functioning of the cryptocurrency network will never believe it.

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Do not expect too much that you need to regret it later on. Anyone can't predict exactly about the cryptocurrency market what is going to you in the future. As we can see a lot of positive news come together and we become too much interested in Bitcoin, as a result, investors are jumping on it. But do not expect this trend will be continuous. It would not happen all the money will enter in Bitcoin market, it is not possible at all. But of course, we might see a $100K BTC price near future, this year or next year. It depends on the demand of investors.

At the same time, we might see other altcoins in the same trend as Bitcoin. Because as far as we can see most of the time all altcoins just follow the trend of Bitcoin although it does not happen always. But if the price pump significantly then of course the alt market will be the same as well. I am not sure what you mention about investment, I think you are talking about Bitcoin investment, although you can multiply your portfolio by investing in altcoin but just keep in mind investing in altcoin is quite risky always.

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Remember the law of the market that if demand increases then scarcity will cause price to fly to the moon. This is what would happen to the price of bitcoin if everyone in the world wanted to buy it, trade it, and use it as a mean of payment. I don't want to dream too high because until now bitcoin still has haters and people who don't care about it. It's a huge wall that will never fall, so just enjoy it for what it is.

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Quote from: Tytanowy Janusz on October 09, 2021, 11:25:58 AM

Quote from: odolvlobo on October 08, 2021, 07:32:01 PM

If all of the base money in the world ($29 trillion) is replaced by Bitcoin, then a bitcoin will be worth about $1.4 million in today's dollars.

Thats what we get from comparing market caps but I'm not sure if its good way of doing that. Mostly because of lost bitcoins, bitcoins in lifetime holders etc. So the amount of bitcoins that can be purchased using those 29 trillions is way lesser than 21 millions, so the price will be much higher. Am I wrong here with my logic?

I totally agree with your logic. But note that this is an imaginary situation as we are not talking about bitcoin replacing all the money on earth but to still co-exist with classic Fiat money. Till that point, bitcoin will continue winning more trust over all other currencies including gov currencies (if any) .
Lately, we saw some countries about to build their own CBDB. I can consider this just another form of digitalisation of money so the cryptocurrencies won't take all the advantages. I (with many other veterans) always believe that any form of a stable coin is not a cryptocurrency even those developped in top of the Blockchain. Use them with extreme caution or avoid them .

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Quote from: cabron on October 09, 2021, 10:37:04 AM

US printed trillions just this year but really the entire economy only have 29T?

That's why everyone is talking about how massive this pump was. They printed 20% of all existing dollars ... in one year. Currency that exist from 1785... Basically US printed in last year more money that was printed from 1785 to 2001. 226 years vs 1 year.

Quote from: odolvlobo on October 08, 2021, 07:32:01 PM

If all of the base money in the world ($29 trillion) is replaced by Bitcoin, then a bitcoin will be worth about $1.4 million in today's dollars.

Thats what we get from comparing market caps but I'm not sure if its good way of doing that. Mostly because of lost bitcoins, bitcoins in lifetime holders etc. So the amount of bitcoins that can be purchased using those 29 trillions is way lesser than 21 millions, so the price will be much higher. Am I wrong here with my logic?

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Well for sure crypto market will be under control by those big people around the world, and probably there will be a slow progress if that time happens in my personal opinion like what's happening in the real fiats.lol
and of course there's no freedom, because it's impossible that all country will make not make another law to control all the crypto market especially the enthusiast just to prevent bad habits of some people that using digital currency in other ways. I think it's possible. . Grin

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Quote from: odolvlobo on October 08, 2021, 07:32:01 PM

If all of the base money in the world ($29 trillion) is replaced by Bitcoin, then a bitcoin will be worth about $1.4 million in today's dollars.

However, we haven't seen the full inflationary effects of the recent massive increase in global base money, so I think the value is probably closer to $400k.

There are good reasons for only comparing base money, rather than M1, M2, M3, etc., primarily that fractional reserve banking with Bitcoin is a reality.

This is a good analysis: https://cryptovoices.com/basemoney/

US printed trillions just this year but really the entire economy only have 29T?

The dollar store today is already $2 store so if it continues, who knows what could happen in the future because of inflation. Of course not all money will go to crypto, it's a pipe dream for shitcoin holders whose tokens they hold are priced with just 1sat but you can never expect that $1 to have a purchasing value of what is it today.

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Obviously bitcoin's prices would be far higher if that was the case. But bitcoin doesn't need to be literally 100% fully adopted by the world to reach $1,000,000 at all. It just needs to be bought and held by a good amount of institutions and investors in general with deep pockets, and $1,000,000 is easy.

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Quote from: Kong Hey Pakboy on October 08, 2021, 09:50:08 PM

Also, how did you come up with the price that bitcoin has when all the money is invested in it?

One of the easiest way is to divide the amount of money with bitcoin supply (or circulating supply, whatever you like). It's not gonna be precise, and I don't think you should expect a precise calculation for something like this. Even the number of money in the world might change when you're posting this right now.

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Quote from: odolvlobo on October 08, 2021, 07:32:01 PM

If all of the base money in the world ($29 trillion) is replaced by Bitcoin, then a bitcoin will be worth about $1.4 million in today's dollars.

Is this for real? That's all the money that the world has right now? Is this the final number with the lost paper money and coins and the decommissioned currency? Also, how did you come up with the price that bitcoin has when all the money is invested in it?

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Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC

Definitely. If all other currencies and assets owned were all up for an exchange with cryptocurrencies, that would result in an outrageous demand making prices unpredictably high.

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Will this be a positive thing for cryptocurrency!

Higher demand would definitely be a positive thing.

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Or is there risks and negative things that will happen in this market?

I can not think of any, except that s scenario where all the money in the world wants to enter cryptocurrency is most improbable. For one, a sale is an exchange and there has to be someone on the other end willing to exchange their bitcoins for fiat or some asset class...

Quote from: Sebastian Michaelis on October 08, 2021, 04:03:54 PM

Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.

Cryptocurrencies is not trying to win, Bitcoin simply wants to give people an option to bypass the need for a third party and most other C
Cryptocurrencies were launched to lace the pockets of the devs.

odolvlobo

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Activity: 4466

Merit: 3391

If all of the base money in the world ($29 trillion) is replaced by Bitcoin, then a bitcoin will be worth about $1.4 million in today's dollars.

However, we haven't seen the full inflationary effects of the recent massive increase in global base money, so I think the value is probably closer to $400k.

There are good reasons for only comparing base money, rather than M1, M2, M3, etc., primarily that fractional reserve banking with Bitcoin is a reality.

This is a good analysis: https://cryptovoices.com/basemoney/

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

You are building sand castles in the clouds..... this will never happen. The different countries in the world are very protective of their Fiat currencies and they will never relinquish their hold on their own fiat currencies. Something that might happen... will be that these countries might digitize their Fiat currencies and you will see a DollarCoin or a YenCoin ..or even a EuroCoin. (We call these "GovCoins")

There is approximately US$ 40 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives, and cryptocurrencies exceeds $1.3 quadrillion. Source : https://www.rankred.com/how-much-money-is-there-in-the-world/

Sebastian Michaelis

newbie

Activity: 18

Merit: 23

This question has been on my mind at this times ..
Will we see the price of Bitcoin at fantastic prices? i'm talking about +1.000.000$ For 1 BTC
And then what will happen to the other currencies (ALTS) ?
Will this be a positive thing for cryptocurrency!
Or is there risks and negative things that will happen in this market?
Because eventually there is a chance that this will happen
I mean If Crypto-currencies win and become one of the foundations of the new economic system.
Not Today , Not Tomorrow ,But this will happen .
Think about it ! It will be a good opportunity if we invest a small amount and leave it to our grandchildren in the future Wink

Topic: What if all the money in the world entered the cryptocurrency market? (Read 581 times)