Additionally I would like to inform that, more interest of users in altcoins can also make major impact on price of Bitcoin. Its because, there are no ways in many countries for users who already aware about bitcoin and willing to invest in other cryptocurrencies, except than buying bitcoins at local exchanger. In such case whales can drive market. But currently bitcoin have global appreciation, its a decentralized with limited availability. And value determined by market is volatile, and it will. But in upward trend, just because unmatched technology and PoW behind it.

Price of Bitcoins preliminary determined by it's demand with volume and according availability. Bitcoin already creates its own standalone value which I don't think that will come back. Universal omnipresent gives more value to Bitcoin. With blockchain and cryptography, creates Bitcoin combinely, it is really remarkable that Blockchain is a technology-oriented medium for future business. More use of blockchain technology will indirectly impact and affect on increasing price of bitcoin.

First thing Bitcoin is really special due to its own characteristics which are unique and unified.
Bitcoins is peer to peer based cryptocurrency which allows user to transact and store there tokens electronically.
Bitcoins is open source.
Bitcoins take fewer time to verify transaction done within network.
It charge lower fees.
It  it totally transparent.

Right now as published by The Street by Oct 16, 2017 - PayPal has had one of the hottest stocks in the entire tech sector in 2017. ... At a market cap of more than $82 billion, and by 2017 last quarter Bitcoin rise up like as skyrocket. Bitcoins currently have more than $182 billion, I thinks its quite much bigger than Paypal.

Even market of Bitcoin already reached to $300 billion. It clearly showing what the future will be. Even Paypal have filed a patent to accept bitcoin and other cryptocurrencies. Paypal also testing on blockchain technology, because they know that Bitcoin is far Big and what will be future of business, economics and finance.

Ya anyone will believe if understand the importance, system and value of generation/production of Bitcoin. Day by day this value is increasing. In crypto term its called as "mining". Bitcoin is a real proof of work based on SHA256 algorithm, which is decentralized, open source, safe, secure, peer to peer and can accessible with internet only.

Increasing demand and current supply will definatelly increase value of bitcoin against fiat comparing to price for production of Bitcoins. As Day by day this price will increase as it depends upon block size, block height, block weight, block time, contributing hash power and rewards for solving blocks. If production cost of bitcoin will increase in future then definitely price of Bitcoin will also increase. I agree with John McAfee.

But still depend upon community. Current interest of people can take bitcoin to that much height. And future implementation of Blockchain technology automatically increase value of Bitcoin.

Currently we are in 2017. By 2020 we are entering into new phase of mining which will be reduce prize of rewards by 50% than currently have, it means production of bitcoins will be reduced. According to current demand and current supply., Bitcoin price will move up by 2020. I cannot predict price exactly in coming  5 to 10 years but surely it will set a benchmark and create a history in price of exchange against fiat.

To be frankly speaking.

We all (You and me) gives value to bitcoin and make it famous and popular, just because we trust in Bitcoin and system behind it. Basically Bitcoin is unified non reversible combination of blockchain and cryptography. Blockchain and cryptography both are advanced quantum physics theories, which are implemented properly for formulation of bitcoin.

Blockchain have great future with combination of cryptography. This can literally give solution for any business to make itself decentralized and open source.

I agree it takes 10 minutes to solve  single block to generate 12.5 BTC currently.

In coming future halving also plays important role on production of Bitcoins. We are currently in 3rd phase of halving.

In first phase of halving Block rewards were 50 BTC for 210000 Blocks which were solved in first 4 years from 2008 to 2012.
In second phase of halving Block rewards were 25 BTC for 210000 Blocks which were solved in first 4 years from 2012 to 2016 (Rewards reduced by 50%).
Now we are currently in third phase of having with Block rewards of 12.5 BTC for 2016 to 2020. (Rewards reduced by 50% than second phase).
After 2020 there will be having after that rewards for block will be again reduced by 50% which will be 6.25 BTC for single block solving.

According this calculation it could take 2145. But due to reduction of time for solving blocks (current Block Time is 08:38 min.) according to number of blocks, it will be completed by 2130.

Ya its a great feature for futurist after 2130. Little correct as due to time reduction of solving block from 10 minutes to set to reduction of blocks so It will be finished by 2130.

Last Bitcoin will be generate by 2130. This is not obviously a short span of time. Currently we are in 2017. So it means it will take more 113 years to generate last Bitcoin. Till this time if bitcoin survive then it's price will be beyond sky limit.

Till bitcoin stop to generate, price of Bitcoins will be always in up trend. But when it will finish mining by solving all blocks. At that time Bitcoin will be set at fixed price and certain height among all cryptomarket. And at that time other altcoins will works well to offer better service as a payment method.

For finishing of mining till 2130, it will take more years. Bitcoin will set new benchmark and create a history in price hit with new height for exchange against fiat in coming few years.

I completely agree.

I remember  ― Philip Dick's sentence  --  “The existence of a majority logically implies a corresponding minority.”

As people are getting aware about Bitcoin. Even still newbies are trying to understand Bitcoin in better way. It will take time to user to be familiar with bitcoins. Once user understand Bitcoin, every cryptocurrency have relatively same concept and system behind with different statistics. Rather I would like to prefer go for cryptocurrency first to demonstration how cryptocurrency exactly works, it will help far more to user to understand Bitcoin and subsequently cryptocurrencies.

I have straight opinion.

Who will pay for advertisement and who will get benefit from it.

First thing Bitcoin is not a thing that can be advertised on Television. I believe TV is great tool invented and utilized to reach to to end users, but it works good just for Product based campaigning.

Bitcoin understanding needs that much capability of common user to digest it. So this is very bad idea. Bitcoin have its own safe and secure protocol which require network connectivity.

If anyone make advertisement on TV with then it can bring trouble to user. If a registered services like as exchanger or any payment gateway can make promotion of there own brand with including name of Bitcoin at domestic level with limited liabilities. As Advertiser is responsible to offer service to end user.

I agree. But who makes governments ? People. When people are welcoming to new era of economics then, obviously future will be different. As Bitcoin is SHA256 based highly encrypted block data chain which secured by contributing power for it, this is really backed by proof of Work.

Currently amount required for production of BTC is quite big and equal to current market price of Bitcoin. And in future difficulty, block heights, block size and number of contributors will increase compare to rewards generated by solving blocks. So obviously comparing demand and supply price of Bitcoin will skyrocket.

Ya I agree. But partially. As Bitcoin is master/prime currency among cryptomarket, that's why when people even make move to make investment to any other altcoin, then first of all user must have to buy Bitcoins. Now it may with fiat or any other cryptocurrencies demand always increasing according to popularity and awareness of Bitcoin in public.

I have personally check when IBM make tie up with stellar price of Bitcoin rise up suddenly. Equity becomes asset by converting it into cryptocurrency. Now a days cryptocurrencies have valuable stake in market cap. And if you checked analytics Bitcoin have 50% to 60% dominance in market cap. All these things resulting towards increase in price of Bitcoin against fiat currency globally.

Currently Bitcoin have highest market cap aroundly $300 Billion. Its a very big funding caped with bitcoins. More interest of people taking Bitcoin to new height. As well as technology behind Bitcoin is also very important to consider. Blockchain technology is really creating a bridge to connect businesses with decentralized platform.

People are believing technology and platform, also find best solution for better returns on investments. Bitcoin is the solution for it.

In true words yes Bitcoin is changing world. Rather I would like to say Bitcoin is making innovation and revolution in economy and finance. Bitcoin have already changed parameter of payment solutions globally. As Bitcoin is well known digital asset worldwide and can be evaluated in fiat currency directly.

Bitcoin is a great commodity and decentralized platform to send or receive Bitcoins from user within network without interaction of any third party. This platform is open source and can used electronically only, this is truly invention.

Well Bitcoin and unemployment are far different subjects.

According to me Bitcoin have such a great features and futures that eliminate middleman and user can transact with peer to peer network. If middle man is removed then there will be no charge for receiver or even sender. So in such conditions already jobs will be reduced in coming years.

Now second this unemployment. Bitcoin is not solution for unemployment.

But, Bitcoin is great platform, and technology behind bitcoin is a great vehicle for everyone to create own job. If people get understand what is bitcoin ? even spend time to understand it, then it will be great proud for themselves.

Yes, that's great news.

At least big corporate are showing interest in blockchain technology. Its an start of Fintech I think. Many new business are still in phase of testing of possibilities of blockchain technology and its environment.

Soon there will be new start up of digital businesses based on blockchain technology.

Blockchain literally have solution for every aspect of business development including track record, updates, ledger record, time stamp, verification, encryption, authentication up to even transaction. This features will bring more transparency in businesses.

I think people who don't what is bitcoin are might be mislead with wrong information. This can impact on genuine users too. As they will also think that Bitcoin is scam, pyramid or ponzi scheme.

Rather we can explain them as Bitcoin is future. Technology behind Bitcoin is real invention.

Many of think or even ask me too that who is main authority behind. I would like to clear it as There is tremendous energy (electric) is used to make proof of work by running servers and nodes. Which get rewards for solving such encrypted data and storing it on open ledger. And generated rewards are Bitcoins. Bitcoin have strong power behind it for backing.

BTC is most precious commodity for me. Since, I am knowing about Bitcoin, it create a history in last 10 centuries by both way. It introduced amazing, innovative technology called blockchain. Second create that much value that it really requires for generation.

Really Bitcoin is invention for globe which brings life changing things in life of common user.