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Topic: Where do you expect Bitcoin to "settle" once the market is mature? (Read 659 times)

hero member
Activity: 840
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The price of bitcoin can't be predicted now because the availability of bitcoin is finite and it is very tiny amount when compared to the world population and we don't even knows that world will accept bitcoin as their currency and there are lot of crypto currencies available other than bitcoin so all of them makes it is impossible to find the maximum value of bitcoin but some say it will be $1Million. Cheesy
Good expectation you have from bitcoin. But I just focus that we will see the price reach to $5k in the current week, I hope that bitcoin still has too much potential and day by day the importance and popularity of bitcoin is increasing from time to time. I hope that very soon bitcoin will again trading above $20k which is the real potential of bitcoin. Honestly I do not bother about long term price speculations even I am a long term holder. I hold but I do not bother its mature values.
hero member
Activity: 1190
Merit: 541
The price of bitcoin can't be predicted now because the availability of bitcoin is finite and it is very tiny amount when compared to the world population and we don't even knows that world will accept bitcoin as their currency and there are lot of crypto currencies available other than bitcoin so all of them makes it is impossible to find the maximum value of bitcoin but some say it will be $1Million. Cheesy
It’s a long long process and not so easy to done, I think that it will take decades or even centuries, it is not going to happen so soon, fiat will surely dominate for a long long time but in modern time I think that the increasing demand of crypto currencies cannot be ignore.

I think that the use of crypto currencies is increasing from time to time which shows the interest of the new generation in crypto currencies.
legendary
Activity: 3514
Merit: 1280
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Because there are too many factors at play here. First of all, we can't discard altcoins which are mostly doing the same thing as Bitcoin, and while the latter is still the king (and will most certainly remain so in the future), it is unlikely that it will be used as a regular means of payment as it will mature as a store of value, with some altcoin (let's say Litecoin) being its proxy for everyday expenses.
I noticed that you're pretty bullish on Litecoin, and that for quite a long period of time now. I can't see it remain a top tier coin for long when Bitcoin's lightning network has grown enough to become a means of exchange

Yes, and I have reasons for that

Personally, I don't think that Lightning Network can hurt Litecoin in any degree. In fact, I constantly hear people mention this argument but I have yet to see any plausible explanation why it should. Lightning Network is not going to promote wider use of Bitcoin simply because people are more inclined to store their bitcoins and not spend them

In this way, Litecoin is more likely to be used as a means of exchange, not Bitcoin itself. Besides, right now we already see that money goes out of Bitcoin and other cryptocurrencies into Litecoin. You can easily see that by trading volumes spiking recently. In the last days Litecoin is already coming close to Ethereum, with Bitcoin losing momentum
legendary
Activity: 1526
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Because there are too many factors at play here. First of all, we can't discard altcoins which are mostly doing the same thing as Bitcoin, and while the latter is still the king (and will most certainly remain so in the future), it is unlikely that it will be used as a regular means of payment as it will mature as a store of value, with some altcoin (let's say Litecoin) being its proxy for everyday expenses.
I noticed that you're pretty bullish on Litecoin, and that for quite a long period of time now. I can't see it remain a top tier coin for long when Bitcoin's lightning network has grown enough to become a means of exchange.

The only thing that Litecoin has going for itself is fast on-chain confirmations, and maybe privacy characteristics at one point, but that's about it. There is no such a thing as Bitcoin being gold and Litecoin silver. It's not an actual metal.

Also, with how the Roger and the Bitmain camp consider Litecoin a competitor to their own coin, it won't be added to BitPay or other popular sites they own or are major shareholder of.
legendary
Activity: 3514
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Eventually if bitcoin is adopted by the world its volatility will tick way down and it's market will mature. Look at gold it is fairly settled between in the 1200 - 1400 range for the past about 6 years now. Where do you think that point is for Bitcoin? Not saying it won't occasionally have big movements, but outside of some big economic event that causes a big price movement where do you think it will settle?

All such predictions are meaningless

Because there are too many factors at play here. First of all, we can't discard altcoins which are mostly doing the same thing as Bitcoin, and while the latter is still the king (and will most certainly remain so in the future), it is unlikely that it will be used as a regular means of payment as it will mature as a store of value, with some altcoin (let's say Litecoin) being its proxy for everyday expenses. Further, there will always be a speculative element in Bitcoin's price, whether we like it or not, and that's another reason why any specific figure will be either a wild guess or wishful thinking
hero member
Activity: 1820
Merit: 515
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The price of bitcoin can't be predicted now because the availability of bitcoin is finite and it is very tiny amount when compared to the world population and we don't even knows that world will accept bitcoin as their currency and there are lot of crypto currencies available other than bitcoin so all of them makes it is impossible to find the maximum value of bitcoin but some say it will be $1Million. Cheesy
legendary
Activity: 2170
Merit: 1427
Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations,

that can only be possible if some one will do an online and offline survey  . based on my own calculation the  bitcoin adoption for now is at 44.4 % and on the next 10 to 25 years , the number can provably change unto 75.5%  and so on ....

i think the number can stop unto 85.5% because the rest people will stick on using fiats due to thier status in life  .

May I know what your 'own' adoption calculation is based on?

I'm pretty certain that Bitcoin's adoption isn't even 0.5% of the world population, and then we can argue about what adoption actually is. Strictly speaking, looking at the number of addresses is a pretty solid metric on its own, but then again, there are also millions of users who never installed a wallet and just use an exchange as their all-in-one service.

In the end, fiat will always remain the dominant form of payment, I just can't see that change, especially with how they can just as easily benefit from the crypto revolution by tokenizing their own currencies. Bitcoin will always remain an alternative to fiat, not vice versa.
legendary
Activity: 1652
Merit: 1483
Eventually if bitcoin is adopted by the world its volatility will tick way down and it's market will mature. Look at gold it is fairly settled between in the 1200 - 1400 range for the past about 6 years now. Where do you think that point is for Bitcoin? Not saying it won't occasionally have big movements, but outside of some big economic event that causes a big price movement where do you think it will settle?

I'm thinking in the $300k/$400k range.

the price is currently $3600 and you are dreaming that it would reach $300k/$400k? how many years would it take for bitcoin to reach $300k/$400k? 50 years? 100 years? but one thing I can be convinced, even in 20 years we will not see prices of $ 300k/$400k...

log growth, dude!

if you extrapolate based on the past bubbles, $300k/$400k is a pretty reasonable guess at the top of the next cycle. we now have 3 bubbles to reference. 20x above the last ATH is actually on the conservative side.

obviously past performance doesn't guarantee future returns and all that. but it seems crazy to look at the last 3 bubbles and say "never gonna happen again".
full member
Activity: 1750
Merit: 118
Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations,

that can only be possible if some one will do an online and offline survey  . based on my own calculation the  bitcoin adoption for now is at 44.4 % and on the next 10 to 25 years , the number can provably change unto 75.5%  and so on ....

i think the number can stop unto 85.5% because the rest people will stick on using fiats due to thier status in life  .
hero member
Activity: 2884
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Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations, I guess we cannot speculate where bitcoins may settle on its maturity.

By considering when people start realizing the benefits of holding bitcoins for future use, there will be a real scarcity for bitcoins against its deflationary nature. Then it may go up to billion dollar levels too with the help of unpredictable demand from new investors.
When most of the wealth of the world is concentrated in just a few hands it is not as useful to try to calculate how many people could adopt bitcoin, what we need to ask ourselves is how much money currently in possession of the wealthiest persons around the world could be invested in bitcoin and why they would do such a thing? If they find a use for bitcoin you can be sure that huge amounts of money will be invested in bitcoin otherwise it will be difficult to even reach the previous all time high.
legendary
Activity: 3164
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Eventually if bitcoin is adopted by the world its volatility will tick way down and it's market will mature. Look at gold it is fairly settled between in the 1200 - 1400 range for the past about 6 years now. Where do you think that point is for Bitcoin? Not saying it won't occasionally have big movements, but outside of some big economic event that causes a big price movement where do you think it will settle?

I'm thinking in the $300k/$400k range.

the price is currently $3600 and you are dreaming that it would reach $300k/$400k? how many years would it take for bitcoin to reach $300k/$400k? 50 years? 100 years? but one thing I can be convinced, even in 20 years we will not see prices of $ 300k/$400k... and on volatility, I think that the moment the market is regulated, the exchanges are inspected periodically and have many institutional investors. this high volatility will reduce

Gold and bitcoin has nothing to do with each other.

people should stop comparing between gold and bitcoin
legendary
Activity: 1554
Merit: 1054
Gold and bitcoin has nothing to do with each other. Both are used in a "commodity" sense for people because both of them started out as payment itself and basically were the money in ideology but now both are only bought and sold like investments and they both have finite resources. However gold is still not used in todays' world to buy and sell stuff (most of the time) where as as simple as a vacation could be bought from expedia to go anywhere in the world via bitcoin which means bitcoin hasn't lost its money side yet.

Moreover, considering there are really no comparison with the amount of gold and amount of bitcoin, it is still viable to consider 42 thousand dollars is a quite achievable price for bitcoin. I know it will probably take a lot of time but we could settle somewhere around 42 thousand dollars easily.
legendary
Activity: 2968
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Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations, I guess we cannot speculate where bitcoins may settle on its maturity.

There's always talk of investing in Bitcoin but hardly any talk ever about earning it. That has the potential to draw in vastly more money than the savings of a bunch of randoms.

There are tens or hundreds of millions of people out there who could be working and creating on behalf of people halfway around the planet who currently don't have a straightforward way of being recompensed let alone saving or storing it securely.

If a significant flow of work was heading to developing countries that would spark economic activity all the way up and down the ladder. It doesn't have to be just parking your dollars in BTC and letting them sit there until it's time to remove them again.

That's what I was just telling some colleagues in the freelance market. Even when we talk about earning, or when there are earning opportunities related to Bitcoin, they're almost always investment related, with heavy traces of marketing hype and that peculiar smell of "too good to be true". What happened to actual business and economies that just decide to pay in Bitcoin? For me, convincing even 1 client to start paying in Bitcoin was a huge personal success.

We've got quite a few micro economies in this forum alone, signature campaigns being the most obvious, but I was expecting back in 2016 to have by now a whole network of Bitcoin earners - distinguished from other workers only by our currency of income. Remote workers I thought would have been clawing to get at Bitcoin, but they still seem to prefer the more cumbersome Paypal or similar.

3 years later, I still find it's a very small pool of people, and many have left because of this mythical bear that keeps swiping at us.
legendary
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Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations, I guess we cannot speculate where bitcoins may settle on its maturity.

There's always talk of investing in Bitcoin but hardly any talk ever about earning it. That has the potential to draw in vastly more money than the savings of a bunch of randoms.

There are tens or hundreds of millions of people out there who could be working and creating on behalf of people halfway around the planet who currently don't have a straightforward way of being recompensed let alone saving or storing it securely.

If a significant flow of work was heading to developing countries that would spark economic activity all the way up and down the ladder. It doesn't have to be just parking your dollars in BTC and letting them sit there until it's time to remove them again.
legendary
Activity: 1288
Merit: 1036
Could anyone estimate how many people from total world population may adopt bitcoins in next 10 to 25 years. Also, we need to consider how much they may invest based on their affordable limits. When these are beyond our calculations, I guess we cannot speculate where bitcoins may settle on its maturity.

By considering when people start realizing the benefits of holding bitcoins for future use, there will be a real scarcity for bitcoins against its deflationary nature. Then it may go up to billion dollar levels too with the help of unpredictable demand from new investors.
legendary
Activity: 1176
Merit: 1005
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Lately the bitcoin volatility is smaller compared to some popular stocks in Top 500. We will need to wait at few more years to see large scale adoption and I don't think that anybody could predict the prices then. But prices must be way more higher in case of wide adoption at least because bitcoin is limited on circulation supply side.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
all we need is a bigger market so it can't be manipulated as easily and also a balance between supply and demand which we can reach when bitcoin adoption is at a high percentage.
Manipulation isn't that big of a deal as long as it happens within a range we won't be noticing while conducting our day to day transactions. Gold is just as easily being manipulated still, but the range within this happens is very tight.

that is also what i had in mind. with bigger market we will no longer see a 50% drop in a short time (like from $6000+ to $3000+) just because some FUD was spread in the community creating panic among traders about the imminent dump of some imaginary large amount of bitcoin on the market.
legendary
Activity: 1638
Merit: 1163
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I’m more confused from the word maturity of market. I would look the investors maturity in dealing with media manipulation than taking bitcoin on the spot that can’t do anything with market demands and supply.

The investors is in a stage of idle waiting for a news and hype that must not be the right thing to do.

When price is low then buy more that is maturity and only childish ignorant kid will complain. The whales is so matured enough to know this.

we have the same thing every couple of years when bitcoin has a bubble and then a bear market afterwards. at the bottom of that bear market there is always two groups, first one is scared and usually has panic sold at a loss and the other group is always accumulating in silence without letting anybody find out. sometimes the second group is also telling everyone else to sell or stay away because they want more cheap coins for themselves during their accumulation.
hero member
Activity: 2828
Merit: 611
Eventually if bitcoin is adopted by the world its volatility will tick way down and it's market will mature. Look at gold it is fairly settled between in the 1200 - 1400 range for the past about 6 years now. Where do you think that point is for Bitcoin? Not saying it won't occasionally have big movements, but outside of some big economic event that causes a big price movement where do you think it will settle?

I'm thinking in the $300k/$400k range.
At the moment I don't think can get exact range for Bitcoin since is existence cannot in any way be compared with that of gold. In my opinion, what you speculated is on the high side which I don't think Bitcoin will reach such value in decade to come. Be that at it may, bitcoin will will not settle below $3,000 if all things remain equal.
I hope bitcoin price is not going below 3000$, bitcoin price is already trading in such a low price and we can see that at 3500$ the bitcoin price has got a lot of support, now we can only expect that bitcoin price will now start increasing and hopefully very soon bitcoin price will reach back to 20k.
full member
Activity: 392
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I’m more confused from the word maturity of market. I would look the investors maturity in dealing with media manipulation than taking bitcoin on the spot that can’t do anything with market demands and supply.

The investors is in a stage of idle waiting for a news and hype that must not be the right thing to do.

When price is low then buy more that is maturity and only childish ignorant kid will complain. The whales is so matured enough to know this.
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