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Topic: Where do you expect Bitcoin to "settle" once the market is mature? (Read 652 times)

hero member
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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
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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
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
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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
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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
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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
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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
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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,

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
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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...

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
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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,

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
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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
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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
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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
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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
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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.
legendary
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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
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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
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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
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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.
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
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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.
hero member
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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.

I don't think that it'll ever settle. Pricing is always relative.

If you look at gold now you may get the illusion of prices sticking to the $1.2-1.4k barrier when in fact a multitude of factors including demand for gold as a store of value in the future as well as the fact that fiat is constantly depreciating will mean prices will continue to fluctuate in the future. They won't stay at this value forever.

Likewise for bitcoin. I think that it will appreciate in the long run but it's hard to tell nominally how much it's going to go to, when demand has peaked, especially when you're measuring it in fiat. There are just too many variables. But I would say that at this stage, your prediction is still a wild guess.
hero member
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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.
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.
true bitcoin can never be compared to gold, because bitcoin and gold have different forms and some of the functions of gold and bitcoin are also very different, for bitcoin prices it is difficult to occur because bitcoin price movements depend on demand in the exchange.
member
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We can see bitcoin in range of 100k maybe in the future but time will tell its hard to say right now what will be the range price of bitcoin in the future that we can tell its mature enough. As of now we have opportunities to grab that bitcoin is on affordable price before that time.
hero member
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Where do you expect Bitcoin to "settle" once the market is mature?

Once Bitcoin price is matured then all national currencies will see huge depreciation. That is way I would never search price of Bitcoin in them but in gold.  One Bitcoin will be 100 ounces of gold.


ah that's interesting I like that idea of pricing bitcoin against Gold rather than inflationary fiat.



Now that I'm thinking about it more even mature markers like Gold and the stock market move a lot. Though I guess the stock market grows as new companies come up, so gold is the best comparison. Gold's price has been pretty stationary for the past 5 or so years but I bet when the economy turns down again we'll see gold moving again. Since all these markets are speculative in nature they have big booms and busts, even the stock market will sometimes crash almost as much as bitcoin does, though the bull runs tend to be much longer but much slower and then bottoming out tends to be a bit shorter because everyone knows the stock market will come back up whereas most people seem to think Bitcoin is going to zero every crash so it takes a while to turn around.
sr. member
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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.
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.
legendary
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Where do you expect Bitcoin to "settle" once the market is mature?

Once Bitcoin price is matured then all national currencies will see huge depreciation. That is way I would never search price of Bitcoin in them but in gold.  One Bitcoin will be 100 ounces of gold.
legendary
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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.

Eventually you'll see brokers offer 300x leverage counts making sure that even the most insignificant looking fluctuation pays off big time. Manipulation gets smarter and less obvious the larger an asset's market becomes.

I'm sure that there is enough room for Bitcoin to break the $100k mark and to stay above it for years, hopefully decades. It all depends on how we're going to use it, and whether or it will be seen as a safe haven just like gold.
legendary
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That may be an eventuality, and it is one I believe in as well, but I doubt any of us will be alive to witness it. This true idea of maturity followed by lack of volatility would require a sincere move of trading from pure speculation to economic driven.

Which is hard for me to see happen until we see Bitcoin face and overcome a lot more... Quantum computing maybe. Fiat revivals. Economic and debt collapses that can't be recovered from...
legendary
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All I know is that I know nothing.
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.

What if the bitcoin market never becomes "mature".I think the btc price volatility will always remain high,because of the deflationary,"limited supply" nature of bitcoin.The BTC market will always move from price bubbles to price crashes in the long run.

that is inevitable because the growth can reach a final stage where it slows down significantly until becomes negligible. that stage is also known as mass adoption. the point is, 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.
full member
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That's quite a simple question, same place as real-life gold. Since bitcoin is digital gold, I'd expect nothing less. It will become less volatile, widely accepted and more useful long term.

To put a price tag on that is clearly impossible. But if I were to speculate based on my opinion; given current gold prices in the market:

Gold Price per Ounce   $1,315.90
Gold Price per Gram   $42.31
Gold Price per Kilo   $42,307.17,

I'd say it depends on the metrics on how to correlate satoshi to the smallest unit measurement of gold - the gram. Just like how we do 10cm = 1 mm, 1000ml = 1ltr... And so on.

So maybe 100satoshi = 10gram of gold or something like that. This would still fluctuate just like all medium of exchanges.

Perhaps, it may be satoshi to the bytes if bitcoin will remain exclusive digital in the far distant future, if it survives.

And if all that doesn't happen... My clueless bet will be on $50,000
legendary
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I don't think gold comparisons are very valid. For starters its supply is not predictable nor does not have a hard cap.

the rate at which supply is increasing is fairly predictable though, like bitcoin. i've also been reading that peak gold is expected to occur soon. a permanently depleting inflation rate would act similarly to a hard cap.

let's face it. there's never been a math-based commodity before or any such thing as a hard cap on supply. but markets are still markets and speculators will still speculate. i don't see why one scarce, speculative commodity would behave so differently from another scarce, speculative commodity.
hero member
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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.

What if the bitcoin market never becomes "mature".I think the btc price volatility will always remain high,because of the deflationary,"limited supply" nature of bitcoin.The BTC market will always move from price bubbles to price crashes in the long run.
legendary
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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.
300 Thousand dollars per bitcoin is about 5.4 trillion dollars. All by itself. I just wanted to point that out because nasdaq itself is 7.4 trillion dollars. That means you think bitcoin could worth around the same as all nasdaq combines combined together. Like literally all of nasdaq comes together and all those companies and all those marketcaps all come together to worth 7.4 trillion dollars and you think its possible for bitcoin to reach there ? I am sorry but you must be dreaming.

More honest potential is 1 trillion at best and thats around 55-60 thousand dollars. I am fine with that type of pricing because it makes it more realistic than some imaginary skyrocketing that makes it sound like we are in a cartoon world or we are in some sort of game.

well all i can say to that is that some day (not even so long ago) if you told people that bitcoin is going to be worth $3000 they would have told you, "it is impossible, you are dreaming" but it went up to $20k! you see it is not about the size of that number, that value is just in your perspective that looks big or small. you should look at the bigger picture. not to mention that you are looking at the value of 1.00000000 BTC instead of looking at the value of smaller units. and comparing that with market capitalization! which doesn't even make sense because you are comparing apples and oranges.
legendary
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Settle is such a relative term, just because gold was at certain range for the last years, there's no guarantee that it will stay there. Same with Bitcoin, even if it will settle at some point, it will likely change later. There will probably be another bubble soon, and after that it will settle in another bottom, just like it happening now. My prediction is that the next bottom will be at $15,000. But does it count as mature? I don't think so, Bitcoin will take a decade or even more to truly mature.
legendary
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wrong numbers...Nasdaq 12-13 tril (not sure where 7.4 came from), NYSE 20-22 tril. All stock markets 70 tril. Bond market above 40 tril in US alone, above 100 tril worldwide.
Gold-another 7-8 tril.

And what proportion of the Earth's population can access an American stock or bond market?

Anyone anywhere can access Bitcoin as long as they have a way of connecting somehow.

There's not enough reflection on the permissionless part mainly because most of us writing here have that permission. Billions do not.
legendary
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lets not forget about the limited total supply of bitcoin. unlike any other currency, bitcoin has a cap. there will never be more than that fixed amount (21 million) coins and bitcoin being a global currency and the population of the world being a lot more than the small percentage that are already in, we can easily expect 6-7 figures with half a growth before even reaching mass adoption.

Bitcoin has indeed a limited total supply, but there is an infinite supply of paper (contract) Bitcoin. Gold's spot volumes are so low compared to the paper volumes, that it in some cases represent a ratio of 1/100. In other words, for every dollar that has been used to trade spot Gold, there has been $100 dollars used to trade paper Gold.

Bitcoin will be heading in that exact same direction eventually. CME is catching up fast, and they are frequently generating more volume than Coinbase Pro itself.

I'm happy if Bitcoin settles between $100,000-$200,000 where we can use the relative stability to actually use it as currency. In the end, we won't look at Bitcoin being worth $100,000 anymore, but at the smaller nominations being worth either $1-$10-$100-$1000, etc.
legendary
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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.
300 Thousand dollars per bitcoin is about 5.4 trillion dollars. All by itself. I just wanted to point that out because nasdaq itself is 7.4 trillion dollars. That means you think bitcoin could worth around the same as all nasdaq combines combined together. Like literally all of nasdaq comes together and all those companies and all those marketcaps all come together to worth 7.4 trillion dollars and you think its possible for bitcoin to reach there ? I am sorry but you must be dreaming.

More honest potential is 1 trillion at best and thats around 55-60 thousand dollars. I am fine with that type of pricing because it makes it more realistic than some imaginary skyrocketing that makes it sound like we are in a cartoon world or we are in some sort of game.

wrong numbers...Nasdaq 12-13 tril (not sure where 7.4 came from), NYSE 20-22 tril. All stock markets 70 tril. Bond market above 40 tril in US alone, above 100 tril worldwide.
Gold-another 7-8 tril.
legendary
Activity: 2590
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Welt Am Draht
I don't think gold comparisons are very valid. For starters its supply is not predictable nor does not have a hard cap. And pricing is set by paper gold and no doubt intensely controlled by a small number of groups.

A fully saturated Bitcoin will trade globally 24/7 and since it lives on the internet in a way gold never can it may reach much greater numbers of people too. I personally only know one person who owns any gold. No one else I've ever known has mentioned the desire to own any.

Perhaps naively I expected this bubble to be less volatile. It was certainly more sluggish but the percentages haven't been too far off previous ones. I guess we'll need a few more booms and busts before thinking about a steadier figure but I think it'll need to be many more years down the line yet.



legendary
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300 Thousand dollars per bitcoin is about 5.4 trillion dollars. All by itself. I just wanted to point that out because nasdaq itself is 7.4 trillion dollars. That means you think bitcoin could worth around the same as all nasdaq combines combined together. Like literally all of nasdaq comes together and all those companies and all those marketcaps all come together to worth 7.4 trillion dollars and you think its possible for bitcoin to reach there ? I am sorry but you must be dreaming.

why do you think the capitalization of nasdaq matters? what relationship are you trying to show?

if we're talking about high level aggregate money supplies like M3+ (and that is relevant if bitcoin ever becomes entrenched in the institutional markets), it doesn't seem like "dreaming" to me.

a few decades ago, gold only had capitalization of a trillion dollars. what if bitcoin becomes a legitimate store of value asset like gold in the eyes of mainstream investors and institutions? on a longer timeline, is $7 trillion ( gold's current market cap) really impossible?
legendary
Activity: 1442
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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.
300 Thousand dollars per bitcoin is about 5.4 trillion dollars. All by itself. I just wanted to point that out because nasdaq itself is 7.4 trillion dollars. That means you think bitcoin could worth around the same as all nasdaq combines combined together. Like literally all of nasdaq comes together and all those companies and all those marketcaps all come together to worth 7.4 trillion dollars and you think its possible for bitcoin to reach there ? I am sorry but you must be dreaming.

More honest potential is 1 trillion at best and thats around 55-60 thousand dollars. I am fine with that type of pricing because it makes it more realistic than some imaginary skyrocketing that makes it sound like we are in a cartoon world or we are in some sort of game.
legendary
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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.

For gold, this is just a short-term consolidation. It didn't "settle" anywhere. It just had a historic bull run from the $200s to nearly $2,000 per ounce that ended not even 8 years ago. In the late 70s, it was trading below $150!

It took gold thousands of years to reach a point where it's still very volatile by any conventional standards. Bitcoin won't settle so soon either. We're nowhere near mass adoption yet so who knows what it'll look like when we achieve that? If anywhere, it'll be seven figures USD and not six, but can't get more precise than that.
sr. member
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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.
It might take a very long time for that to happen because it volatility has to be in place when maturity started to have it ways in the market.  We actually needs the stability in other to be able to witness public adoptions and acceptability. 
full member
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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.
It is hard to predict the value of bitcoin for now because lot of coins were lost or just buried in wallets for long time,the population of world keep increasing and the value of fiat getting inflated and more over lot of cryptocurrencies were created.
legendary
Activity: 1666
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It's hard to say what will be the price of Bitcoin once it settle, it can be any number but I guess it will be around 100k, but from time to time the value will keep on increasing due to the limited supply, and calculating the lost coin, it's too soon to say a specific number and it's a long way before Bitcoin reach maturity, we are still in phase of passing the government permission
legendary
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-snip-
If we look beyond our lifetimes, provided we don't kill ourselves with global warming, nuclear war, or similar, the human race will colonize other planets. We will, at some point, reach a population of trillions of individuals. If (and it's a big if) bitcoin is still around, even only as a niche payment method, the price could be much higher than it is now. If it becomes widespread in such a large population, the price would be massive.
legendary
Activity: 1638
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Where is my ring of blades...
it is not possible to say. we are still on the ground floor and seeing the final step from here is not possible.
Agreed. It depends entirely on how widespread adoption is. If adoption is stuck at where we are now, with a small handful of users and niche services, then the final price is probably close to where we are now, if not lower. If we end up with widespread adoption, and bitcoin becoming the "currency of the internet" like Jack Dorsey (Twitter CEO) said a few days ago, being the payment of choice for many massive online services like Amazon and Steam, then we could well be looking at a 6 or even 7 digit figure.

It's impossible to tell, and widespread adoption (if it comes) is years, if not decades away.

lets not forget about the limited total supply of bitcoin. unlike any other currency, bitcoin has a cap. there will never be more than that fixed amount (21 million) coins and bitcoin being a global currency and the population of the world being a lot more than the small percentage that are already in, we can easily expect 6-7 figures with half a growth before even reaching mass adoption.
legendary
Activity: 3038
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I can say that the maturity of bitcoin was finally taking the effect through out the years and the correction was still there that is why the price is keeping on bursting down, But the good part is when the price floor was met we can finally see that the the price is still increasing forward, This is how the price of bitcoin settle in the past and I think by doing this we can then see another all time high.

Volatility is a sure thing for bitcoin to improve itself and many are considering its volatility as a sure possibility for them to succeed.
legendary
Activity: 2268
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it is not possible to say. we are still on the ground floor and seeing the final step from here is not possible.
Agreed. It depends entirely on how widespread adoption is. If adoption is stuck at where we are now, with a small handful of users and niche services, then the final price is probably close to where we are now, if not lower. If we end up with widespread adoption, and bitcoin becoming the "currency of the internet" like Jack Dorsey (Twitter CEO) said a few days ago, being the payment of choice for many massive online services like Amazon and Steam, then we could well be looking at a 6 or even 7 digit figure.

It's impossible to tell, and widespread adoption (if it comes) is years, if not decades away.
legendary
Activity: 1372
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All I know is that I know nothing.
it is not possible to say. we are still on the ground floor and seeing the final step from here is not possible. all we know is that bitcoin is still rising and so far has only fulfilled something like 1% of its true potential so there is still a long way to go before we reach that stability level due to its mass adoption.

if i had to make a guess, i'd say it would take at least another 10 to 15 years and price would settle somewhere around $1 million.
hero member
Activity: 2240
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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.
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