richardsNY
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March 17, 2016, 07:38:27 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 that's right. even to reach $1.000 for one bitcoin, it's still hard, but don't lose hope. whatever can happen and don't hope too much because 200k is too high, seriously Reaching $1000 is one thing, but maintaining a price of at least $1000 will be the biggest challenge for the Bitcoin price so far. For that to happen we need a huge load of buy support and a solid demand at that time. Without that it will probably take years to reach that price level. |
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Jmild1
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March 17, 2016, 07:52:49 PM |
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This is possible but this should be proportioned with time. So if you're talking about 10years after, the probablity is 10% if 50 years then 50%. That's how I think it is.
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umaOuma
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March 17, 2016, 09:49:11 PM |
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This is possible but this should be proportioned with time. So if you're talking about 10years after, the probablity is 10% if 50 years then 50%. That's how I think it is.
This very high price to expect which seems to be impossible, if it reaches there then I would get retired from work and start enjoying my life. |
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Jmild1
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March 17, 2016, 09:56:24 PM |
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This is possible but this should be proportioned with time. So if you're talking about 10years after, the probablity is 10% if 50 years then 50%. That's how I think it is.
This very high price to expect which seems to be impossible, if it reaches there then I would get retired from work and start enjoying my life. As I said this should be proportioned with time |
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NeuroticFish
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March 17, 2016, 10:02:58 PM |
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It depends on how many people will want to have Bitcoin, how much Bitcoin will they want (and put in cold storage). If the numbers get big, the price has to rise accordingly. The sky can be the limit.
There are voices that even tell that one day the point will be moved 'to the right' to make it look more affordable.
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Jmild1
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March 17, 2016, 10:08:20 PM |
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It depends on how many people will want to have Bitcoin, how much Bitcoin will they want (and put in cold storage). If the numbers get big, the price has to rise accordingly. The sky can be the limit.
There are voices that even tell that one day the point will be moved 'to the right' to make it look more affordable.
we observed that technology is rising so fast this past years, and I think if this will continue we will develop a technology era. Where in this case I confidently conclude that bitcoin value will be proportion on this time if the technology is also give a very big impact in our life |
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Ulloa
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March 17, 2016, 10:39:30 PM |
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Bitcoin is never going to become a global currency ...
 Say It AGAIN ... when the bitcoins only cost 2 USD ?  See you .. . after the effects of the halving (october/november 2016). You are right that it can rise to a high amount but I think 200k is just too much and I even think everyone here would agree it with me. The bitcoin could reach a big amount with the halving but I think it will be max at 1k or a little bit more, and 200k is just unrealistic without any doubts this will never happen. |
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vero
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March 18, 2016, 05:56:13 AM |
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Bitcoin is never going to become a global currency with the market cap of every country. Could you really see it becoming worth that much, with most of the rich people simply being ones that had a single coin?
It's alternative form of money, just like gold, stocks, etc... but it's not going to take the world over completely.
agree bitcoin is never become a global currency but bitcoin is alternative for who want send money fast just in a hour you can send money to you friend or family in other countries. |
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n0ne
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March 18, 2016, 06:59:46 AM |
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Bitcoin is never going to become a global currency with the market cap of every country. Could you really see it becoming worth that much, with most of the rich people simply being ones that had a single coin?
It's alternative form of money, just like gold, stocks, etc... but it's not going to take the world over completely.
agree bitcoin is never become a global currency but bitcoin is alternative for who want send money fast just in a hour you can send money to you friend or family in other countries. When bitcoin gets used by most of the people, even if it does't get global acceptance it can be considered a global currency. As suggested it will be the best alternative for the dollar or some other local currency. |
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Xialla
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March 18, 2016, 07:59:24 AM |
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yes this is possible once 200k dollars worth 400 dollars these days:)
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pissedoff
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March 18, 2016, 08:20:42 AM |
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$200k per coin is a very high amount and I don't think bitcoin will hit that high.
Even if it does go to $200k per coin it won't be used as a regular currency.
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ivanst776
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March 18, 2016, 08:23:36 AM |
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It can worth 200k cents not dollars which means somewhere at 2,000 usd at the moment, i highly doubt that bitcoin will go so much high, just imagine market cap !!! It would be 3 trillion dollars +
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Pollak
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Pollak
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March 18, 2016, 09:28:11 AM |
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You never know what can happen with the value. But you need to be realistic and that is not realistic I think. Because that is a lot of money and that is so much that it is impossible.
Of course it will be more worth later in the future. But that will take a really long time to have a high value because it is rising very slowly.
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btcxyzzz
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Monero - secure, private and untraceable currency.
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March 18, 2016, 11:03:57 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... You're right, but you should replace keyword Bitcoin with keyword Ethereum, maybe even IOTA Token  |
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Wapinter
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March 18, 2016, 11:10:53 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.
I think if some oil producing nation start accepting bitcoin for oil export,Bitcoin price will be $1 million in a jiffy.I guess IS of Iraq can make headings in this way |
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LoyceV
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March 18, 2016, 11:37:36 AM |
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See you .. . after the effects of the halving (october/november 2016).
Not much spectacular happened around the previous halving (from 50 to 25 BTC block reward). Why would that be different now? The "problem" is that halvings are a few years apart, and by then people have forgotten the previous halving. The effect of every halving gets smaller anyway, as less and less bitcoins are left to be mined. |
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darkmagician
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March 18, 2016, 11:45:57 AM |
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I cant believe it, 200k dollars that was huge amount . Unfortunately we will wait for another 200 hundred years before it happens cause its too imposible
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NeuroticFish
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March 18, 2016, 11:47:58 AM |
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It depends on how many people will want to have Bitcoin, how much Bitcoin will they want (and put in cold storage). If the numbers get big, the price has to rise accordingly. The sky can be the limit.
There are voices that even tell that one day the point will be moved 'to the right' to make it look more affordable.
we observed that technology is rising so fast this past years, and I think if this will continue we will develop a technology era. Where in this case I confidently conclude that bitcoin value will be proportion on this time if the technology is also give a very big impact in our life Technology is not the only thing to take into account when investing in this. A lot of whales with a lot of money to invest are old and don't trust technology. Technology can be great but it can also fail. Bitcoin is made and maintained by developers, which are human: a mistake is always possible. Big names work on quantum computer as we talk. If that comes to reality, the SHA-256 Bitcoin relies on will be cracked easily and Bitcoin will become worthless. Don't take me wrong, I also wish BTC rise a lot. But let's get more pragmatic on this, mkay? |
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LoyceV
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March 18, 2016, 11:54:00 AM |
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Big names work on quantum computer as we talk. If that comes to reality, the SHA-256 Bitcoin relies on will be cracked easily and Bitcoin will become worthless.
When that happens the financial world has much biggr problems than just Bitcoin being compromised! I wouldn't worry about things that don't exist. I found a discussion topic about it: Quantum computers and Bitcoin (2012) Short summary: Your private key is safe as long as your public key is safe. In other words don't re-use addresses ever. |
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NeuroticFish
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March 18, 2016, 11:57:50 AM |
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Big names work on quantum computer as we talk. If that comes to reality, the SHA-256 Bitcoin relies on will be cracked easily and Bitcoin will become worthless.
When that happens the financial world has much biggr problems than just Bitcoin being compromised! I wouldn't worry about things that don't exist. I'm not worried. I was just telling that the time span to reach 200k is not infinite and depends on too many factors. Let's be just moderately optimistic |
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