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Title: What's The Max Value of a Bitcoin? Post by: whyeyeschoicedotcom on November 17, 2013, 08:35:47 PM When I first came to know about Bitcoin back in March 2013, through a fellow internet marketer, the value of a Bitcoin was approximately $88 Dollars and surging. Over time It went up to Around $266 Dollars then fell to around $165 almost overnight...now today, November 17, 2013 the value is $465 Dollars even as i type. My Question is What is the Max in Value the Bitcoin can go up to?
Title: Re: What's The Max Value of a Bitcoin? Post by: plato14 on November 17, 2013, 08:40:20 PM 1 million each, conservatively
Title: Re: What's The Max Value of a Bitcoin? Post by: gorgorom on November 17, 2013, 08:40:30 PM All depends on what the demand is, and right now it's looking good. ;D
Title: Re: What's The Max Value of a Bitcoin? Post by: MaxBTC1 on November 17, 2013, 08:48:13 PM It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question.
Title: Re: What's The Max Value of a Bitcoin? Post by: IsaacGoldbourne on November 17, 2013, 08:50:48 PM It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question. I think he means what would be the value of one coin assuming complete adoption at the current value of the dollarTitle: Re: What's The Max Value of a Bitcoin? Post by: MaxBTC1 on November 17, 2013, 08:57:09 PM It has no 'max value'. The only 'max value' is the current value, and that depends on supply and demand. Silly question. I think he means what would be the value of one coin assuming complete adoption at the current value of the dollarOkaaaay, but he didn't specify that, and that still doesn't make sense. Why does CNY, EUR, GBP fluctuate hugely against USD... Title: Re: What's The Max Value of a Bitcoin? Post by: Zarathustra on November 17, 2013, 09:06:09 PM 1 million each, conservatively Yes, very conservatively. Depends on the Benbernank and his gang: http://www.youtube.com/watch?v=PTUY16CkS-k Title: Re: What's The Max Value of a Bitcoin? Post by: mehransaam on November 17, 2013, 09:39:46 PM Let's say the total wealth of the world is going to be $700 trillion dollars by the year 2020 when Bitcoin will be the world currency. So theoretically a BTC could be worth ($700T / ~20M BTC =) $35 M. But this is not a max, as the world's wealth increases so does the value of BTC.
Title: Re: What's The Max Value of a Bitcoin? Post by: tunctioncloud on November 17, 2013, 09:44:23 PM Depends how long you can wait. If 50 years, 1 mil USD might be possible
Title: Re: What's The Max Value of a Bitcoin? Post by: waxwing on November 17, 2013, 09:46:21 PM People always seem to miss that the correct answer to this question is infinity.
Fiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again? It's better to ask what value it can reach in loaves of bread or kilos of rice. Title: Re: What's The Max Value of a Bitcoin? Post by: IsaacGoldbourne on November 17, 2013, 10:16:13 PM People always seem to miss that the correct answer to this question is infinity. He means purchasing powerFiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again? It's better to ask what value it can reach in loaves of bread or kilos of rice. Title: Re: What's The Max Value of a Bitcoin? Post by: waxwing on November 17, 2013, 10:18:05 PM People always seem to miss that the correct answer to this question is infinity. He means purchasing powerFiat currencies can hyperinflate to worthlessness. It's happened many times before, why wouldn't it happen again? It's better to ask what value it can reach in loaves of bread or kilos of rice. (a) he refers to value in dollars twice, so no, he doesn't, and (b) I already addressed that. Title: Re: What's The Max Value of a Bitcoin? Post by: st4nl3y on November 17, 2013, 10:23:41 PM Bitcoin is worth whatever people are willing to pay for it.
Title: Re: What's The Max Value of a Bitcoin? Post by: bitcoingenerat0r on November 17, 2013, 10:25:00 PM Will be 1000 USD in the next year.
In the far future I don't know. If it will be THE global currency 1 million dollar. But in this case the default currency will be the satoshi, not the Bitcoin. Title: Re: What's The Max Value of a Bitcoin? Post by: jagd on November 17, 2013, 11:01:49 PM The theoretical maximum value of a bitcoin could only be determined by knowing its purchasing power in the following events:
All fiat currencies failed completely. Bitcoin remains as the surviving cryptocurrency. Theoretical value is quite high. |