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b1007 (OP)
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November 02, 2015, 10:45:40 PM
Last edit: November 02, 2015, 11:05:51 PM by b1007 |
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Why not? let's say there are 20 million bitcoins in existence in the future, every bitcoin is 200k, then the total market cap is 4 trillion (4000 billion), this may seem like a lot but it's actually quite modest for a global payment network system...  |
I like to speculate
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the_poet
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November 02, 2015, 11:43:18 PM |
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Why not? let's say there are 20 million bitcoins in existence in the future, every bitcoin is 200k, then the total market cap is 4 trillion (4000 billion), this may seem like a lot but it's actually quite modest for a global payment network system...  |
Under construction.
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b1007 (OP)
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November 02, 2015, 11:52:52 PM |
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Why not? let's say there are 20 million bitcoins in existence in the future, every bitcoin is 200k, then the total market cap is 4 trillion (4000 billion), this may seem like a lot but it's actually quite modest for a global payment network system... I know right You never realized that before  |
I like to speculate
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traderbit
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November 02, 2015, 11:55:20 PM |
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I know right You never realized that before There is one topic which pretends the price to be 1 million. So not bad as we are in speculating debate, but maybe possible. Generally it's impossible for now to think and we should focused to $400 |
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Hugroll
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November 02, 2015, 11:57:35 PM |
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ya but for that to happen people have to be willing to buy bitcoin at $200k each lol. bitcoin would need to become worlds biggest currency in order for prices to go that high.
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Frost
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November 03, 2015, 12:54:48 AM |
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ya but for that to happen people have to be willing to buy bitcoin at $200k each lol. bitcoin would need to become worlds biggest currency in order for prices to go that high.
That's wrong, they wouldn't buy one bitcoin, they would buy fractions of bitcoin. |
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zimmah
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November 03, 2015, 01:16:34 AM |
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i think 200k is still on the small side
only time will tell
we have a long way to go until we reach those levels, let's see in about 5 to 10 years how the world looks then.
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zimmah
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November 03, 2015, 01:19:09 AM |
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ya but for that to happen people have to be willing to buy bitcoin at $200k each lol. bitcoin would need to become worlds biggest currency in order for prices to go that high.
by the time bitcoin reaches $1000/bitcoin we will count in m BTC (millibitcoin aka mills) by the time we reach close to $1,000,000/bitcoin (assuming that happens) we will count in µ BTC (microbitcoin (i like to call them crows, a lot of people call them bits, but i hate that name)) |
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lemipawa
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November 03, 2015, 01:21:10 AM |
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this is a very long shot, Bitcoin is even took quite some time reaching $350+ level what more if target is to reach $200k but who knows it may happen but definitely not in the next couple of years.
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vuduchyld
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November 03, 2015, 02:20:11 AM |
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Pretty optimistic. Bitcoin has serious limitations as a global payment system.
A $4 trillion Mamet cap would equal almost thirty percent of global M0 and M1 money supply.
The current block size and transaction rate would absolutely not support this. Block chain style ledger could, but you'd be wise to consider separating the technology from bitcoin itself.
I'm super long and a big supporter, but frankly, if this happens the world is in a lot of trouble and coffee costs one bitcoin.
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vendetahome
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March 16, 2016, 11:58:59 AM |
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Why not? let's say there are 20 million bitcoins in existence in the future, every bitcoin is 200k, then the total market cap is 4 trillion (4000 billion), this may seem like a lot but it's actually quite modest for a global payment network system... it could happen if whole world would use bitcoin as currency,but that won't happen anytime soon, changing to bitcoin will take lots of time also who knows that bitcoin won't die till that moment? bitcoin can die really fast when someone would sell lots of bitcoins at same time, bitcoin would die |
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Bitcoinbro
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March 16, 2016, 02:41:25 PM |
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Why not? let's say there are 20 million bitcoins in existence in the future, every bitcoin is 200k, then the total market cap is 4 trillion (4000 billion), this may seem like a lot but it's actually quite modest for a global payment network system... it could happen if whole world would use bitcoin as currency,but that won't happen anytime soon, changing to bitcoin will take lots of time also who knows that bitcoin won't die till that moment? bitcoin can die really fast when someone would sell lots of bitcoins at same time, bitcoin would die It wont be possible mate. It will take a lot of time. And people dont have the patience for it and that is the problem. They are greedy and that is very bad. You can see that the value is rising slowly and that is very good. But we have just to wait for what is going to happen. |
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RodeoX
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March 16, 2016, 03:25:57 PM |
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Value is derived for greater reasons than our desire for a high price. On what logical basis is bitcoin currently worth 200K? None.it has been determined by the market that a better valuation is about $420.
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enhu
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March 16, 2016, 03:40:03 PM |
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its not possible. there will be more alcoin for each usage and people will eventually use these coins so it ill affect bitcoins depreciation. 200K for one bitcoin wow! Scares me to death. one would actually kill once they find i'm holding one BTC in my hardwallet. I was actually happy with just $250 back then but 200K, the amount will surely help me to buy a seaside property  |
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~Bitcoin~
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March 16, 2016, 03:41:27 PM |
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no no i don't think it will be ever near to that 200k dollar. Bitcoin has lots of potential but it is not the only one out there now so lots of competition going on between cryptocurrency to be and remain the best one.
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boyptc
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March 16, 2016, 03:43:08 PM |
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no no i don't think it will be ever near to that 200k dollar. Bitcoin has lots of potential but it is not the only one out there now so lots of competition going on between cryptocurrency to be and remain the best one.
I think 200k dollar is exaggerated, 1k dollar is much possible. |
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Loimu
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March 16, 2016, 04:07:33 PM |
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no no i don't think it will be ever near to that 200k dollar. Bitcoin has lots of potential but it is not the only one out there now so lots of competition going on between cryptocurrency to be and remain the best one.
I think 200k dollar is exaggerated, 1k dollar is much possible. Well of course it is possible as there we have been already. 200k is also possible if everybody adapts bitcoin. That is one big ass if. Right now it's not looking too good. |
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Red-Apple
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March 16, 2016, 05:17:14 PM |
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this section of forum is supposed to be all about speculation not wishes!
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--signature space for rent; sent PM--
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maokoto
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March 16, 2016, 05:34:42 PM |
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That got me thinking... if bitcoin becomes so valuable and widespread, probably hacking and bitcoin theft will scalate a lot. Many of today users will likely be stolen of their BTC.
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Amph
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March 16, 2016, 05:48:13 PM |
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no no i don't think it will be ever near to that 200k dollar. Bitcoin has lots of potential but it is not the only one out there now so lots of competition going on between cryptocurrency to be and remain the best one.
I think 200k dollar is exaggerated, 1k dollar is much possible. 200k may be too much of a dream but 1k is too much for being pessimistic, i can say that the right spot should be 10k, as a right prediction for the next years |
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