Bitcoin Forum

Since when has a company's stock been valued at the rational current percentage of that company?  Answer: It's not.  We predict the future value of a company, and price it's stock accordingly.  When new information leads us to reassess our predictions, we reassess our belief of that company's stock. 
 
If bitcoin grows to be even 10% of global gross domestic product, it is a mathematical certainty that it will rapidly become the foundation of value for the entire human race.  🔜
 
When this happens, bitcoin doesn't represent some fringe form of money.  Bitcoin becomes stock in humanity as a whole.  🌍 :o
 
Owning bitcoin is like owning a share of humanity's future, and will be priced as such.  🌐
 
It won't be a realistic percentage.  It will be priced as an estimate of the future of humanity and bitcoin as the dominant ledger of our species.  That's a LOT more than a paltry few trillion dollars.  😮
 
We're talking quadrillion dollar market caps at that point.    :o
 
You will even likely see programs that allow citizens to own 'an entire bitcoin' with just a little bit of money down and regular payments. 
 

 

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We spin fantasies about bitcoin one day being worth a small % of the world economy...  But with mass hysteria and pleb lemming psychology, we may see something truly absurd... Bitcoin may be worth a multiple of all money in existence.   
 
When mass hysteria hits and people talk about how this will likely be the dominant form of money for the next thousand years, and how securing a bitcoin now means your family will grow more wealthy over time with no work at all...  People will beg to buy in at any price. 
 
A four million dollar bitcoin?  That's how much a million bits should be if bitcoin is priced fairly and the backbone of human finance across the globe...  **but only if we are being rational.** 
 
And are humans rational?  Do we live in a rational universe?  Does it make sense to type out a massive comment reply on mobile with one tiny bar of signal? 😄😠😡😧😜   :P
 
NO. 
 

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Perhaps our wildest fantasies are still too tame.  Perhaps in the future, the great bitcoin bubble will be the time the price of a single 'coin' rose ⤴ to a galactically ludicrous $364,000,000 per coin, and $3.64 per satoshi around 2037 and the news was abuzz with stories of '*the billion dollar bitcoin?  Is it possible?*'    ???
 
😄💖💙💚💛💜💥   
 
And then a new financial crash happens...  That makes even the bankpocalypse of 201X look like a cake walk. 
 
The future is never what you expect.  Hold onto your butts. ;D

You forgot aliens!!

For all we know there are numerous alien species in this universe (and maybe even parallel universes) that could come to earth (or in a future human colony in the Milky Way) and embrace bitcoin! We wouldn't even have communication problems due to different languages with them since bitcoin is backed by math! Truly a borderless currency.

Imagine the potential there!

Is this the real americanpegasus from reddit or just an impostor? April Fools & Poe's Law, oh crap!

 
https://i.imgur.com/QM4V96V.gifv

You're joking about it but there really may be somr alien specie that will talk to us and say that blockchain technology is the future for money...imagine the rally :D

There wouldn't be a rally, there would be a huge crash across the board and chaos everywhere as everyone panics about a potential alien invasion

Stupid people would do that but we wouldn't be able to do resist even if that would  be the case.
I myself if some alien would annouce thwt, would stock with bitcoins in huge numbers.

I'm with Stephen Hawking on this: aliens from outer space will try to exterminate the human race, they won't be interested in human technology at all. If any sufficiently advanced aliens were to discover earth, they will come and take everything we have and we will meet a horrible end.

Anyway, that's my belief. If it happens, bitcoins will be the least of my worries.

I read like 10 mins into the thread, then finally noticed the april fools joke.

Please no more, please lol. God damn april fools, all this makes me so giddy inside about bitcoin then when its a joke I feel so depressed that it still isnt a multiple and these stories just end up being more of a sad story for bitcoin.

Disagree 100%  look at our animal rights groups.  Any species capable of traveling the galaxy would have those that are interested in preserving all life.  Probably massive pentalies for wiping out life.. wiping out intellegent life.. perhaps death to those that are immortal that would make you think twice.

Ah, you mean the vegetarians.  I eat vegetarians.

I like how you mention huge values like: "That's a LOT more than a paltry few trillion dollars. We're talking quadrillion dollar market caps at that point." I suspect this is part of a april's fools day because
bitcoin will never reach anything even remotely close to this values. I would rather believe in total bitcoin collapse than in quadrillion dollar bitcoin market.

 
We'll, believe it Bro.  That was the whole point of this thread. 
 
Some of the trolls and astroturfing asshats have tried to subvert the theme and make it sound crackpot with alien talk, but the message is clear and it's not April Fools joke. 
 
I am quite serious about this.  The time will come, sooner than you may suspect, when the market 'cap' of bitcoin will exceed the amount of money on Earth.   
 
If/when bitcoin has a one quadrillion 'dollar' market cap, every coin will be worth about $47,000,000 each. 
 
Everyone who owns at least 21 coins is going to be a billionaire one day.

wholeheartedly agree. bitcoin NEVER gets that numbers. never!

I'm with american pegasus with this one. Imagine when the internet first came out and some guy was talking about how most of the first world population will have a "facebook" and be able to send messages through "twitter" they would be met with disbelief! The OPs vision is quite in the realm of possibility.

By the way, when is your alt coin coming out pegasus?

Well the market cap is currently at a few billion USD. That amount of money hasn't entered Bitcoin as of now. That being said, we won't need as much money as the market cap suggests to get the price up. I think this means that the upward potential is much higher than a lot of people realize!

Remember when we have dollar backed by gold and suddenly the gold standard were removed and somehow people still perceive it as being valuable and the value continued to climb. Well that was fiat and I can imagine for bitcoin, it will be much better. Never mind about it's true worth, it's just a matter of what people perceive that is important that will dictate the numbers assigned to it.

2.7 transactions per second...

http://bin.snmmd.nl/m/qeewmb8p4x4j_sqr512.jpg

Black swan singularity they said.

That includes you, I presume?  So your statement is invalid.

Interesting point by the OP. BTC is both a speculative asset and a currency and then there are those parts we don't exactly understand. The market cap, so to speak, is the perceived/speculative value combined with the actual value. The latter being a bit too soon to say. Just supply and demand, with some early adopter quirks thrown in. (I.e. They have lots!)

At this time early adopters might have some downward pressure on BTC due to selling, along with current miner selling. It is going to take some time to see where she goes.

And in the near future there will be threads making fun of those who were making fun of BTC e.g. The misunderstood transactions per second post above with the old lady hunter, lol.

He who laughs last, laughs loudest. Careful careful...

how long do you think it will take early adopters to sell their stash. i imagine they sold quite a bit at the $1k peak but there is still so much in their hands. there might also be early adopters waiting for when bitcoin really takes off. these dumps allow us to make profit.

early adopters won't be selling much at the current prices, if they haven't sold around the ATH, let alone cases when someone urgently needs money.
On the other hand, what Bitcoin really needs is more reasons for adoption, without that it will never really take off and the early adopters may further bury it, if they get disappointed and decide to cash out.

Some early adopters have 100's of thousands of coins. As long as they slowly sell some, I don't think it will hurt the price much, especially as interest rises.

Most of these early adopters appear to be liberal idealists... Thank God!!!

I imagine early adopters are going into anonymous coins as the writing is in the wall.
This space is just getting started, let the disruption continue.

My bet is in the next 6-12 months we see the next huge move up in price (followed by another correction). At that time those in now will be the last phase of early adopters imo.

Not Aliens you fool. We're advanced AI's in a post singularity multiverse operating on a parallel blockchain. Satoshi just created a new Universe within a universe in a fractal like fashion. Right around the significant 2012 date predicted by the Mayans to be a significant shift in global consciousness. We made it. The Singularity is behind us. The future is bright.


lol mind blown???

Yeah well I'm only joking, we're clearly a highly evolved species of primate made of the same decaying organic matter as everything else on the planet.

And Aliens.

https://www.youtube.com/watch?v=Chfoo9NBEow

https://bitcointalk.org/index.php?topic=53855.0

The universe is data.

why are people so worried about early adopters dumping their coins? lets say every early adopter dumps their coins and drives bitcoin down to 1$ a coin. Why is this a bad thing? for me this would be awesome because I would buy tons of them. I think many people feel the same way. So go ahead and dump early adopters.

 
 
This is amazing and beautiful.  I am going to steal it and build upon it. 

Bitcoin will replace the gold standard eventually, since it's objectively speaking the best thing to base currency at. Gold is deprecated and makes no sense on a post internet digital world.

Simple. going back to $1, there is no guarantee the price will ever rebound again. That would probably mean end of Bitcoin experiment.   

that's not possible, because many early adopters bought at that price, they aren't so dumb to dump at the same price of which they bought their coins at

1-5-10... those are just stupid value, they will never happen as a consguence of early adopters dumping

The early adopters took a pretty big risk.  I think they deserve any rewards they got/have for that risk.

It depends on what you consider big risk. Some of them bought a few $k worth of Bitcoin back in 2011-2012 and they have had a fantastic return.

You need to have steel hands to not sell your $5 per Bitcoin at the time the exchange rate is over $75 per Bitcoin.

Quazillion dollars, mate! QUAZILLION, i tell ya!

you're so right

Not really. It just depends on what type of a person you are and what goals/motives you have.

You know, a few months ago I saw this guy screaming and jumping up and down at the lottery stand in a corner store, and I thought, hey, did this guy win the jackpot...

Well guess what, he won a whole 700 dollars. That's right, not 50 million, not 1 million, not even 10,000. Just 700. I saw him a couple days later at the store again, and he was telling people about the "great time" he had at the casino that weekend.

Would he have sold at $75, had he bought bitcoins at $5? No! He would've sold at $7. That's the kind of person you know will stay poor for the rest of their lives.

For me, I wouldn't even be excited if I got $50,000. That's not going to change my life in any way. I don't really need a new car or a vacation. I don't need $50,000. No big deal. So I know I won't sell until bitcoins become at least a certain amount. Even if bitcoin increases 50x from now, I won't even be tempted to sell (unless at that time I knew it was just a bubble, and I could buy back at a cheaper price).

Literally, all you just said is the rich get richer and the poor get poorer with some random story inbetween. Congrats!

Uh, not really. But even if that was true, so what? the vast majority of comments and opinions are not original. Are you going to congratulate every single one of them?

I bought at $6 and some more at $15 (looking back, they weren't even good prices for that time).  I mined in the GPU days as well, which took a fair bit of effort, so I was also mentally invested, not just financially.  When the price increased (can't remember the exact price now, it was a couple of years ago on Gox, but much higher than I'd paid), I withdrew to USD enough to get back my investment back plus a small treat.  The most BTC I've unloaded was to buy physical products, as it worked out cheaper than paying in USD (hindsight huh?).  As for all remaining coin, I have no intention of selling those (though I will transact with them for products).  The only exception is if I think a bubble is reaching stall speed, and I'd then only be selling to get more BTC at a later date - if I trust the exchanges not to fold on me.

There are other reasons I haven't factored of course, such is if medical cover was needed for myself/family/friend, or if it hasn't gained enough traction by the time I reach retirement would be two examples.