Topic: When will its price start being stabilized? - page 8. (Read 967 times)

if you ask when the price of bitcoin starts to stabilize, of course I will not be able to find answers to the questions that have been asked, because bitcoin is not the same as gold, if gold can be said to be stable, even if there is a price increase it may not be too high,, different from bitcoin , the more demand the price will likely continue to be high, so it's hard to predict..

I think bitcoin price will never stabilizing, you can read this mentioning article provided below.
https://cryptonews.com/guides/will-bitcoin-ever-be-stable.htm

no one can predict when bitcoin will keep going up and down, but we personally can determine where the value of the profits we will take and when we have to buy at our own risk
the market will continue to run every second, the buying and selling cycle will always be there until no one buys it later

Well thats also optimistic scenario. 10% of all global wealth inside bitcoin. DECENT!

Going more real and closer (5-10 years)

Bitcoin remains to be "only" digital gold. Superior asset immune to fiat inflation thanks to it economic model and deflational characteristic which makes it holds value (purchasing power) over long period of time.

But ... In next few years bitcoin strengthens its position and proves fundamentally superior to gold:

1- Bitcoin is easier to buy/sell, easier to store
2- Bitcoin is easier to transfer, easier to send
3- Bitcoin is divided by 100 mln. Min investment is thousends times smaller than gold
4- Bitcoin stock to flow model is already better than gold (gold stock/flow = 66, BTC stock/flow = 50 and will go down by half each 4 years)
5- Gold and Bitcoin ... both has little to 0 real world usage. All its value is based on "store of value" paradigm.


https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/

Investment and central banks are responsible for majority of gold demand. Next is jewellery (so people who buy gold - including me XD- are doing it because ... its prettyXD ... and other investors likes it) and only 8% in technology (most likely will be replaced by nanotubes and other strange stuff in next few years). So when world will figure out that bitcoin is superior to gold as investment product ... we will for sure grab at least 50% of gold marketcap ($11T) which will push BTC price to 300k $ or even higher considering better stock to flow model and a fact that its getting cut by half each 4 years - and thats fair evaluation after few years. Market as always will overreact and overprice bitcoin ...pushing it much higher trying to include future successes in the price.

I don't think that Bitcoin price will ever be stabilized in the future. Volatility is the mainstay of Bitcoin and this market as a whole. I mean except stablecoins of course.    If there was some way to convert Bitcoin to a stablecoin, then the price would be stabilized at some level of course.

But if you mean when Bitcoin will just go around certain levels for a long time, then I don't know. Maybe in September, this would start happening before a new bull run.

Theoretically, the price can be stopped and stay stable when there is not an emotional seller and buyers since there are always traders and investors trading bitcoin on the market, in the current situation I can say the price is far from staying stable. However, many altcoiners are waiting for the bitcoin price to stay stable for even a few days or weeks or the altseason can begin, but we are still far from it. Since the bitcoin word is still spreading over the world and there will be more new bitcoins and more potential, so the potential is actually increasing and it's hard to say when it's going be over.

I don't think that bitcoin will ever come to that point if you know what I mean, it's volatile and I don't think that it will change at all because it's the nature of bitcoin. For me, it's much better if bitcoin doesn't come to that because that makes things much exciting for trading.

I'm sure a lot of people are asking these questions and no one knows it. In the history of human civilizations, we do not find such a system of monetary circulation. For all of us, decentralized cryptocurrency is a completely new financial phenomenon. However, I don’t think the price of bitcoin will go up indefinitely. Everything in this material world has its beginning and end. Bitcoin cannot be an exception to the general laws of our existence. In addition, in practice, the price of a cryptocurrency is influenced by a lot of external factors that cannot be taken into account in theory.

Its potential is almost unlimited (or, perhaps, the only reasonable limit to agree upon is how much the global economy's worth, and Bitcoin cannot be worth more than that), but it doesn't mean that this potential will ever be reached. There's also no guarantee that Bitcoin will remain relevant to people at all and won't become worthless 20 years from now. After all, it doesn't cover any basic human need, and while what it offers seems exciting now, we cannot predict whether it'll be like a pager (initially promising but then becoming obsolete) or like a smartphone in the future. Investments involve risks, it can't be any other way.

Bitcoin will never reach saturation or stability. It is just an estimated forecast from some kind of market index. Bitcoin can't estimate the increase/decrease and absolutely cannot measure the absolute value because demand will affect it. Anything that can be grasped and weighed can be quantified, but bitcoin is an exception because of its own peculiarities.

These two questions look similar but they are two entirely different ones. It is the difference between value and price. Bitcoin value is determined based on its supply and demand and will stop rising at some point when the mass adoption is reached. It is not possible to predict how much it will be because we can't know how much of the 7+ billion people on earth are going to adopt bitcoin in the end.
But when it comes to its price, it will definitely always increase as long as the fiat system doesn't change. Simply because fiat will continue being printed and lose its value over the long haul and because of that inflation bitcoin's price will keep going up (like price of any other goods or services that rise due to inflation).

Not yet the journey is still long this year has just begun investors, entrepreneurs are not satisfied with the results obtained wait for Bitcoin to fluctuate once again at its highest point that's when you have started to consider what was left behind in the past 2019, note: don't miss the next episode.

Watch out if you don't get on the train in the next episode i pouted your cheeks, kidding.

When will that happen nobody knows exactly. Many factors can impact but main is how much are people ready to pay when buying bitcoin. So not proper answer probably from anyone we cant get.

Bitcoin's price is from the consensus. There is a price that has a friendly message bitcoin with a friendly buddy will rise. The price after the rise will experience the callback again.
The total supply and demand relationship between Bitcoin is related to the global market. It can hold globally (of course, your area is not banned).
When people no longer buy Bit coins, sell bitcoin, the price of Bitcoin will be smooth.

Good that the answer is qualified with "Maximum". Now that we have a figure about a hyperbitcoinization scenario where every other type of "money" is replaced by Bitcoin, how about a realistic one??

The current form of money is outdated and even the economists recognize that there is something wrong with the trend of ever increasing debt. The need for a new money is real. BIS playing with CBDCs is proof of this. Bitcoin can truly be a decentralized option to be the "people's money" with its own economy whose monetary policy is not controlled by any one country or by organizatons like IMF or BIS.

So realistically, what percentage of the "money market" share could bitcoin have?

100%? With fiat currencies, Gold and all the tanks and guns in picture, pretty much impossible.
 
50%? The top 1% own a much greater share than 50%. Highly unlikely.

10%? Inter-planetary corporations with Mars colonization and mining at the moon can result in a situation where this is likely.

So, based on your valuation of USD 276M for a 100% takeover, a 10% realistic takeover would put the value at around USD 27M, in about 50-80 years from now. Even a 1% share would mean 2.7 Million.

This isn't financial advice. Its an assessment based on the optimism that things eventually meander towards the most efficient and correct path. Bitcoin is just the right thing to do.

Yes my mistake, that title was not looking good to me as well, i was not able to find the exact sentence at that time. Thanks for pointing that out.
I have edited and corrected that so any one don't get confused with the title.

1 million? 5 million? It's anyone guess for sure. Nevertheless if you are still that young, you don't need to wait, maybe in the next 3 to 4 halvings, when almost all bitcoin has been mined, we might have an idea as where the price is going. Currently, the goal is to hit 6 digits which is $100k and then we will see how it goes.

Maximum? Hmm year 2050 and bitcoin is the only currency. Its a max win sitation. Bitcoin won, banks lost. Here is price prediction:

"| 2021 Edition. There is approximately US $37 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 $1.2 quadrillion"
https://www.rankred.com/how-much-money-is-there-in-the-world/

$1.2 quadrillion devided by 21 milion = 57 mln $ per bitcoin in present purchasing power. Consider 3% inflation per year and we have 138 mln $. Consider the fact that untill that day probably >50% of bitcoins will be lost forever and we have 276 mln $ per single bitcoin. Thats the answer to your question. "But my question is how much maximum a bitcoin can worth and when ??"

But is it probable? Most likely not. Is it possible? Well ... it is.

Since Bitcoin has fixed maximum supply, you can expect that its price will keep growing for as long as it exists. But Bitcoin will likely disappear at some point or will become just a historical artifact, so between now and that point there will be a price that will be truly ATH. But no one can predict when this will happen and what will be the price, humans are very bad at looking into the future, they can't even reliably predict what will happen in a year or two, and very rarely someone successfully predicts what will happen in 10 or 20 years, but as for future of Bitcoin, we're talking about hundreds or thousands of years.

Your guess is as good as ours, as obviously we're not fortune tellers and prophets. The price ceiling doesn't matter anyway; what matters is that we have access to an asset that central authorities cant mess with monetary-wise, and that should really be enough of a reason to hold bitcoin for the long-term.