Title: Bitcoin value Post by: jackg on August 28, 2015, 03:26:11 PM Not focussing on the actual limits of bitcoins and how one bitcoin has been set limits of many millions of pounds.
What is the potential for the bitcoin price in the future? Title: Re: Bitcoin value Post by: LiteCoinGuy on August 28, 2015, 03:30:19 PM https://www.youtube.com/watch?v=g2nXgK34HIM
Title: Re: Bitcoin value Post by: Slunt on August 28, 2015, 04:10:17 PM Not focussing on the actual limits of bitcoins and how one bitcoin has been set limits of many millions of pounds. What is the potential for the bitcoin price in the future? What do you mean by the bolded part? Regarding the second line nobody knows the potential, that's up to what potential you see in it. 1 bitcoin could be worth thousands, tens of thosands, a million, or zero or close to it. That's part of the fun. Title: Re: Bitcoin value Post by: g-unit on August 28, 2015, 04:14:37 PM Between $150 and $5 million plus.
Title: Re: Bitcoin value Post by: jackg on August 28, 2015, 04:23:10 PM Not focussing on the actual limits of bitcoins and how one bitcoin has been set limits of many millions of pounds. What is the potential for the bitcoin price in the future? What do you mean by the bolded part? Regarding the second line nobody knows the potential, that's up to what potential you see in it. 1 bitcoin could be worth thousands, tens of thosands, a million, or zero or close to it. That's part of the fun. I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! Title: Re: Bitcoin value Post by: RustyNomad on August 28, 2015, 04:26:27 PM I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! There is no 'cap' on the price of bitcoin. The price of bitcoin is determined by the market and not by its code. Title: Re: Bitcoin value Post by: jackg on August 28, 2015, 06:15:34 PM I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! There is no 'cap' on the price of bitcoin. The price of bitcoin is determined by the market and not by its code. What does the "market cap" resemble? Title: Re: Bitcoin value Post by: gentlemand on August 28, 2015, 06:44:39 PM What does the "market cap" resemble? Taking that literally the market capitalisation is the total number of coins times the current price. It's a really shitty measure as if one coin is sold for $1 million to someone with lots of dollars and a brain injury that means the market cap is in the trillions. Until the next coin sells for a few hundred dollars. There's no limit to how high or low the price can be. In 2020 there's a good chance it'll be zero. There's another chance it'll be in the tens of thousands. You gotta decide for yourself where it might head. This is a fun tool - http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html Title: Re: Bitcoin value Post by: jackg on August 28, 2015, 08:58:01 PM What does the "market cap" resemble? Taking that literally the market capitalisation is the total number of coins times the current price. It's a really shitty measure as if one coin is sold for $1 million to someone with lots of dollars and a brain injury that means the market cap is in the trillions. Until the next coin sells for a few hundred dollars. There's no limit to how high or low the price can be. In 2020 there's a good chance it'll be zero. There's another chance it'll be in the tens of thousands. You gotta decide for yourself where it might head. This is a fun tool - http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html That tool was quite useful, Thankyou, to see the affects of different potential problemas on bitcoins! Title: Re: Bitcoin value Post by: MinerHQ on August 29, 2015, 01:32:52 AM I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! There is no 'cap' on the price of bitcoin. The price of bitcoin is determined by the market and not by its code. Yes bitcoins are not controlled by even any big institutions or governments but bitcoin price is purely depends on demand and supply. If demand for bitcoin grow the price will grow. Title: Re: Bitcoin value Post by: Chef Ramsay on August 29, 2015, 04:15:07 AM I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! There is no 'cap' on the price of bitcoin. The price of bitcoin is determined by the market and not by its code. Yes bitcoins are not controlled by even any big institutions or governments but bitcoin price is purely depends on demand and supply. If demand for bitcoin grow the price will grow. Title: Re: Bitcoin value Post by: aakashsangwan on August 29, 2015, 06:02:37 AM I have read some websites that suggests that there was a cap on the bitcoin price of around $1000000000 and caps on the dogecoin price at $15000000. Howether, not sure if these are legit and they have changed in the past! There is no 'cap' on the price of bitcoin. The price of bitcoin is determined by the market and not by its code. Yes bitcoins are not controlled by even any big institutions or governments but bitcoin price is purely depends on demand and supply. If demand for bitcoin grow the price will grow. Anyone with enough bankroll and statistical approach can change the bitcoin prices by playing with buy and sell order list on any small exchange. |