BitCoin to be worth $100M
- Thread starter ContentExpert
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subster
Elite Member
- Apr 5, 2008
- 2,157
- 1,608
There is no way saying that with confidence. In either direction it remains a subjective opinion without any base and are basically worthless. It depends on too many factors, like regulation, how states with weak currencies (example Turkey) will use it a government independent store of value, further mass adoption etc etc. Thing we know is, the supply is capped, which at least enables to think in this high figures. Rest is just dumb speculation.
dankestmemes
Junior Member
- Feb 19, 2017
- 115
- 40
thats all bs. it wont go over 15k.
jonasnarvas
Regular Member
- Sep 3, 2013
- 464
- 90
Bitcoin price long term will be equal to mining costs. It is fundamental economical rule.
As mining costs go down bitcoin price goes down too.
I am sure we will see $1000 and lower prices.
I agree that bitcoin could be the future. But it can be the future and cost $100.
Everyday 1800 new bitcoins are mined and demand is decreasing. Check alexa rankings of main exchanges and you will see a decline.
As mining costs go down bitcoin price goes down too.
I am sure we will see $1000 and lower prices.
I agree that bitcoin could be the future. But it can be the future and cost $100.
Everyday 1800 new bitcoins are mined and demand is decreasing. Check alexa rankings of main exchanges and you will see a decline.
Dalrs Maker.
Registered Member
- Mar 7, 2018
- 72
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Hope that too! (Smiling)
CyberHour
Elite Member
- Apr 3, 2016
- 1,705
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Jonas! I would really like to meet your economic teacher. Would be great honor for me tbh
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
- 2,747
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Unfortunately, I bought a lot of bitcoin as it was nearing its peak. I'm running at a big loss right now. I just hope that it rises close to it's peak so that I can sell it off and break even. The other alternative is to exchange it for another coin(s) hoping that their value will go higher.
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,808
If BTC price keeps sinking, enough miners may stop and this can lead to pricing equilibrium. Sadly, this 'sustainable' price may not be the ideal price of many people.
LiquidSnake
Senior Member
- Feb 1, 2012
- 874
- 374
I know noting about crypto, predictions or speculations but 1BTC to be worth $100M... come on seriously LOL
OP's post would be more coherent they were to divide the total global money supply (M1) by the number of BTC.
If you were to use Narrow Money (M0 + M1) supply, there's approx $37tln. Broad Money (total/M4) supply ~ $91tln.
Additionally there's ~$215tln in global debt and ~$217tln in global property.
Lastly there's derivates which are estimated between $500 trillion and $1.3 quadrillion.
Narrow or M1 = $37 trillion / 21 million (total supply cap BTC) = $1,761,904.76 per BTC
Broad or M4 = $91 trillion / 21 million = $4,333,333.33r per BTC
Global property = $217 trillion / 21 million = $10,333,333.33r per BTC
I'd calculate derivatives however it's basically pointless as that money doesn't even exist, it's just pieces of paper saying IOU. There's something like 100x the amount of gold in IOUs than there is real physical gold. So you can imagine the shitshow that will occur if somehow the world goes into disarray after a hugely deflationary event.
By the way, the calculations are just raw values based upon total money divided by total supply. It does not include any assumptions based on demand as if we do enter a global virtual currency and the odds are actually in BTC's favour (it doesn't die and replaces all currency, woowoo Utopian idea) then you're splitting 21 million coins amongst 7 billion people (maybe less by the time virtual currencies replace cash).
That would be 1/333th of a BTC for each person if handed out equally. It's about $20 worth at the moment.
Knowing that society isn't like this, $100M/BTC wouldn't be ridiculous considering ideal perfect conditions. Whether it gets anywhere near is a completely different scenario, most models pose $100,000-$500,000 to be the top at the moment.
If you were to use Narrow Money (M0 + M1) supply, there's approx $37tln. Broad Money (total/M4) supply ~ $91tln.
Additionally there's ~$215tln in global debt and ~$217tln in global property.
Lastly there's derivates which are estimated between $500 trillion and $1.3 quadrillion.
Narrow or M1 = $37 trillion / 21 million (total supply cap BTC) = $1,761,904.76 per BTC
Broad or M4 = $91 trillion / 21 million = $4,333,333.33r per BTC
Global property = $217 trillion / 21 million = $10,333,333.33r per BTC
I'd calculate derivatives however it's basically pointless as that money doesn't even exist, it's just pieces of paper saying IOU. There's something like 100x the amount of gold in IOUs than there is real physical gold. So you can imagine the shitshow that will occur if somehow the world goes into disarray after a hugely deflationary event.
By the way, the calculations are just raw values based upon total money divided by total supply. It does not include any assumptions based on demand as if we do enter a global virtual currency and the odds are actually in BTC's favour (it doesn't die and replaces all currency, woowoo Utopian idea) then you're splitting 21 million coins amongst 7 billion people (maybe less by the time virtual currencies replace cash).
That would be 1/333th of a BTC for each person if handed out equally. It's about $20 worth at the moment.
Knowing that society isn't like this, $100M/BTC wouldn't be ridiculous considering ideal perfect conditions. Whether it gets anywhere near is a completely different scenario, most models pose $100,000-$500,000 to be the top at the moment.
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Gnome Police
Newbie
- Jul 14, 2018
- 9
- 4
Why would people use it if there are so many other options and so much lost at a crazy price like that?
D
Deleted member 719276
Guest
This guy has a very solid proof about Electroneum. Thanks for sharing
blketh
Registered Member
- Jun 20, 2018
- 50
- 4
Its hard to predict anything in the world of Bitcoin. Anything can happen in it. The only thing i can predict is that Bitcoin is here to stay for a very long time. It is not a bubble which will explode in the future. I hope that you will invest in it without any hesitation.
jonasnarvas
Regular Member
- Sep 3, 2013
- 464
- 90
Jonas! I would really like to meet your economic teacher. Would be great honor for me tbh
So
the time shows who was right.