The theoretical maximum value of a bitcoin could only be determined by knowing its purchasing power in the following events:
All fiat currencies failed completely.
Bitcoin remains as the surviving cryptocurrency.
Theoretical value is quite high.
Topic: What's The Max Value of a Bitcoin? (Read 2126 times)
Will be 1000 USD in the next year.
In the far future I don't know. If it will be THE global currency 1 million dollar. But in this case the default currency will be the satoshi, not the Bitcoin.
In the far future I don't know. If it will be THE global currency 1 million dollar. But in this case the default currency will be the satoshi, not the Bitcoin.
Bitcoin is worth whatever people are willing to pay for it.
People always seem to miss that the correct answer to this question is infinity.
Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
He means purchasing powerFiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
(a) he refers to value in dollars twice, so no, he doesn't, and (b) I already addressed that.
People always seem to miss that the correct answer to this question is infinity.
Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
He means purchasing power Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
People always seem to miss that the correct answer to this question is infinity.
Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again?
It's better to ask what value it can reach in loaves of bread or kilos of rice.
Depends how long you can wait. If 50 years, 1 mil USD might be possible
Let's say the total wealth of the world is going to be $700 trillion dollars by the year 2020 when Bitcoin will be the world currency. So theoretically a BTC could be worth ($700T / ~20M BTC =) $35 M. But this is not a max, as the world's wealth increases so does the value of BTC.
1 million each, conservatively
Yes, very conservatively. Depends on the Benbernank and his gang:
http://www.youtube.com/watch?v=PTUY16CkS-k
It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question.
I think he means what would be the value of one coin assuming complete adoption at the current value of the dollarOkaaaay, but he didn't specify that, and that still doesn't make sense. Why does CNY, EUR, GBP fluctuate hugely against USD...
It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question.
I think he means what would be the value of one coin assuming complete adoption at the current value of the dollar
It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question.
All depends on what the demand is, and right now it's looking good. 
1 million each, conservatively
When I first came to know about Bitcoin back in March 2013, through a fellow internet marketer, the value of a Bitcoin was approximately $88 Dollars and surging. Over time It went up to Around $266 Dollars then fell to around $165 almost overnight...now today, November 17, 2013 the value is $465 Dollars even as i type. My Question is What is the Max in Value the Bitcoin can go up to?
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