So I made some calculations today

[error08]

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits.

You can't really make wedding rings out of bitcoin, so it has some limitations gold does not have...

It makes no sense comparing the value of x to the value of y. You can't just exchange them. The value of apples on earth for example is a lot less than the value of bitcoin. And yet, it has nothing to do with it. You can't say "let's replace all apples by bitcoin", just as you can't replace all gold by bitcoin.

I don't think Op comparing the value of x, y, z that could be replaced each other, it just representative of bitcoin value I thought and could be be better rise in the future.

Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.

I see a serious limitation from the blockchain there... As long as "the ones in power" don't make it possible to do - say - 1000 times more transactions, why should the value go up 50-fold? You can't have mass adoption if the blockchain is already pushed to its limits.

Talking about bitcoin become mainstream currency and accepted by Gov mostly in every country may take less than 20 years, nearly 10 years later regarding today adoption and the price just reach $700.

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[raja2sumi]

With so much money people have and to replace them witj totally bitcoins it would require a lot of time .maybe thr estimated time would be 20 -30 years and by then the price of bitcoins would be 30000 dollars .

[ethereumhunter]

With so much money people have and to replace them witj totally bitcoins it would require a lot of time .maybe thr estimated time would be 20 -30 years and by then the price of bitcoins would be 30000 dollars .

i wonder if i can still alive for that years because if we only waiting for that a long time without doing nothing then it will not good for us and we don't make our bitcoin is grow, we only spend our time with nothing and only wait. bitcoin is a long journey for us to follow, we can only make prediction how far bitcoin can online and with almost 8 years from beginning, bitcoin have a good history for many people and now we can see that the price of bitcoin is slow but sure will be up.

[n691309]

Based on what can you conclude that it is very easy for bitcoin price to be 4-digits, these long number are far away from the bitcoin total market cap but I think that to have a 4-digit price bitcoin should be developed and adopted gradually time by time from different big merchants.

The 4-digit valuations would be possible if there were simply more people buying and less people selling (as it goes for basically all things to be honest), and because of this, while it is possible, we likely won't see it for still a little while yet. I believe we could see some of these things becoming a reality within the next five years, but I personally hope it doesn't take that long.

The $1000 price could only be reached when the block size to be incrased to more than 1MB or even higher.

It has been 2 months since I speculated about the $1k and seems that it happened faster that we expected, so it's not all about the block size but is about adoption and people's usage and many more.

[Hazir]

Based on what can you conclude that it is very easy for bitcoin price to be 4-digits, these long number are far away from the bitcoin total market cap but I think that to have a 4-digit price bitcoin should be developed and adopted gradually time by time from different big merchants.

The 4-digit valuations would be possible if there were simply more people buying and less people selling (as it goes for basically all things to be honest), and because of this, while it is possible, we likely won't see it for still a little while yet. I believe we could see some of these things becoming a reality within the next five years, but I personally hope it doesn't take that long.

The $1000 price could only be reached when the block size to be incrased to more than 1MB or even higher.

It has been 2 months since I speculated about the $1k and seems that it happened faster that we expected, so it's not all about the block size but is about adoption and people's usage and many more.

Scaling debate is all smoke and mirrors here as there are still not enough of bitcoin users or transaction to cover full network capacity.
The problems with stuck BTC transactions and memory pool overflow was caused not by high number of organic transactions but rather by high number of dust/fake transactions aimed to cripple the network.

[mbbtc01]

Bitcoin will worth more then gold one day when it mainstream as you can store more bitcoins then gold as good take time and effort to story buy and sell when bitcoins ate digital so takes less time effect and space.

[beerlover]

Bitcoin will worth more then gold one day when it mainstream as you can store more bitcoins then gold as good take time and effort to story buy and sell when bitcoins ate digital so takes less time effect and space.

Bitcoin is much better than gold in many ways, it has a faster rising value which makes it a very good short term investment, the gold on the other hand just rises slowly but it will never go down, and people trust it because they have used it for many years now, unlike bitcoin which is a new thing but hopefully it will become more popular in the future.

[Xester]

Its a terrific calculations you really do your research. Bitcoin could actually hit and can compete with gold if another 10 years will be given to bitcoin but the threat of fiat virtual currency is bugging me now. Its the ultimate threat to bitcoins but if bitcoin overcomes that threat and continue to flourish then there is no stopping for bitcoins to reach a higher stage in the world economy.

[sportis]

Bitcoin will worth more then gold one day when it mainstream as you can store more bitcoins then gold as good take time and effort to story buy and sell when bitcoins ate digital so takes less time effect and space.

Bitcoin is much better than gold in many ways, it has a faster rising value which makes it a very good short term investment, the gold on the other hand just rises slowly but it will never go down, and people trust it because they have used it for many years now, unlike bitcoin which is a new thing but hopefully it will become more popular in the future.

This is generally not applicable. The price of gold goes up and down, not as bitcoin's price but if anybody sees the price of gold globally will notice that sometimes descends and is natural in buy/sell markets. In cases of financial instability the price rises, while when there are better prospect for development and more money are invested then it goes down. Always the objective is a trade-off between fiat and gold

[davis196]

So I made some calculations today.
The total world's wealth is estimated around $241,000,000,000,000 (source), the total value of all the gold in the world is $7,290,669,617,313 (source) and bitcoin's market cap as of now is $6,382,047,520 (source).

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. It then seems pretty down-to-earth to say that we will definitely get there before 2020 if nothing goes wrong. 6 digits though, would put us very close (or even above) gold's value, which is hard to imagine at the moment. The millions have already been made but there is still a lot of money to be made with bitcoin and we now have something that pioneers didn't have: stability. Stability is a great thing because it allows for a reliable store of value. I thinks we've actually reached a pretty good balance between prospects and safety of investment.
In other words: we're only waiting for metallurgists to find a way to melt tungsten and gold together. Ok we might have to wait for a while  .

(Also, Ethereum's market cap is already $1,061,551,795, roughly 17% of bitcoin's. Meanwhile everyone is still wondering what the heck it can be good for and no one seems quite sure that the price is high enough as is  .)

I don`t know why do you have to make such calculations?

Gold is a physical accet.To have bitcoins you need electricity,internet connection and a computer.

There`s no need to compare gold vs. bitcoins.

[X-ray]

Bitcoin will worth more then gold one day when it mainstream as you can store more bitcoins then gold as good take time and effort to story buy and sell when bitcoins ate digital so takes less time effect and space.

Bitcoin is much better than gold in many ways, it has a faster rising value which makes it a very good short term investment, the gold on the other hand just rises slowly but it will never go down, and people trust it because they have used it for many years now, unlike bitcoin which is a new thing but hopefully it will become more popular in the future.

If you're really saying that gold never go down then you must try to learn a lot about this things because your statements is awfully wrong, learn from this statistic http://www.gold.org/statistics
gold also ever go down its price just like bitcoin but not as volatile as bitcoin does

[bitjoin]

So I made some calculations today.
The total world's wealth is estimated around $241,000,000,000,000 (source), the total value of all the gold in the world is $7,290,669,617,313 (source) and bitcoin's market cap as of now is $6,382,047,520 (source).

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. It then seems pretty down-to-earth to say that we will definitely get there before 2020 if nothing goes wrong. 6 digits though, would put us very close (or even above) gold's value, which is hard to imagine at the moment. The millions have already been made but there is still a lot of money to be made with bitcoin and we now have something that pioneers didn't have: stability. Stability is a great thing because it allows for a reliable store of value. I thinks we've actually reached a pretty good balance between prospects and safety of investment.
In other words: we're only waiting for metallurgists to find a way to melt tungsten and gold together. Ok we might have to wait for a while  .

(Also, Ethereum's market cap is already $1,061,551,795, roughly 17% of bitcoin's. Meanwhile everyone is still wondering what the heck it can be good for and no one seems quite sure that the price is high enough as is  .)

I don`t know why do you have to make such calculations?

Gold is a physical accet.To have bitcoins you need electricity,internet connection and a computer.

There`s no need to compare gold vs. bitcoins.

To have gold you need secuity and a gov who will let you, also need transportation if you are going to use it.  I think people compare BTC to anything, its just that gold is the big one to go after since its always been known as the closest thing the real concept of what money is.

[JL421]

It doesn't matter bitcoin is nothing in front of the current assets in world but as i said it doesn't matter because it is surely considered by many the most profitable source and also the easiest. Gold will have more numbers because it is way older than bitcoin. What makes these figures fail is bitcoin has a limited supply meaning in future having 0.002% it will still have more value than the remaining 50%

[trecore4]

Being 0.08% of the golds total value on the earth have you seen gold going all above 4500 USD at anytime? I think no, never, that's the uniqueness of the bitcoin and the value it holds. Try recalculating your math in comparison with price of the assets that they are holding currently. And compare with the worlds market capitalisation for each of them. I'm pretty sure you will come up with different results, obviously bitcoin being on the brighter side of the math. 

[layoutph]

Bitcoin is far better than gold. And today is the best day to invest more in Bitcoin. The previous comments are correct, sooner we will see bitcoin at the price of $20K or $50kf in the next 10 to 20 years. In fairness nice calculation.

[aeternus]

Being 0.08% of the golds total value on the earth have you seen gold going all above 4500 USD at anytime? I think no, never, that's the uniqueness of the bitcoin and the value it holds. Try recalculating your math in comparison with price of the assets that they are holding currently. And compare with the worlds market capitalisation for each of them. I'm pretty sure you will come up with different results, obviously bitcoin being on the brighter side of the math. 

But that is because we have been mining gold for thousands of years, bitcoin in the other hand has only been mined for 9 years, gold is still king even if the price of each bitcoin is bigger than an Oz of gold the market cap of gold stills dwarfs bitcoin, we still have a long way to go if we want to change that.

[OracionSeis]

Being 0.08% of the golds total value on the earth have you seen gold going all above 4500 USD at anytime? I think no, never, that's the uniqueness of the bitcoin and the value it holds. Try recalculating your math in comparison with price of the assets that they are holding currently. And compare with the worlds market capitalisation for each of them. I'm pretty sure you will come up with different results, obviously bitcoin being on the brighter side of the math.  

But that is because we have been mining gold for thousands of years, bitcoin in the other hand has only been mined for 9 years, gold is still king even if the price of each bitcoin is bigger than an Oz of gold the market cap of gold stills dwarfs bitcoin, we still have a long way to go if we want to change that.

If as your said, your thought are Bitcoin in future can growth more, even x100 the price at now is possible right? Bitcoin and Gold very difference, both are good asset but the volatility of Bitcoin higher than Gold, it cannot stable like Gold after increased up.

[Kevondo]

Bitcoin is far better than gold. And today is the best day to invest more in Bitcoin. The previous comments are correct, sooner we will see bitcoin at the price of $20K or $50kf in the next 10 to 20 years. In fairness nice calculation.

no doubt bitcoin is better than gold because it is increasing in price and the price of the gold is still as it was. Bitcoin is using a lot of new things and it has invented many new things which increased the price and the importance of the bitcoin a bit more. Whenever I count my income from bitcoin I become so happy and I am thankful to bitcoin for this help.

[buharikx31]

So I made some calculations today.
The total world's wealth is estimated around $241,000,000,000,000 (source), the total value of all the gold in the world is $7,290,669,617,313 (source) and bitcoin's market cap as of now is $6,382,047,520 (source).

This basically means that gold represents 3% of the total world's wealth and that bitcoin is only worth 0.0026% of it. In other words, by comparing bitcoin directly to gold: the total value of all bitcoins is 0.087% (or 1/1142) of the total value of all the gold that there is. Looking at it from this point of view bitcoin can easily get to 4 digits. It then seems pretty down-to-earth to say that we will definitely get there before 2020 if nothing goes wrong. 6 digits though, would put us very close (or even above) gold's value, which is hard to imagine at the moment. The millions have already been made but there is still a lot of money to be made with bitcoin and we now have something that pioneers didn't have: stability. Stability is a great thing because it allows for a reliable store of value. I thinks we've actually reached a pretty good balance between prospects and safety of investment.
In other words: we're only waiting for metallurgists to find a way to melt tungsten and gold together. Ok we might have to wait for a while  .

(Also, Ethereum's market cap is already $1,061,551,795, roughly 17% of bitcoin's. Meanwhile everyone is still wondering what the heck it can be good for and no one seems quite sure that the price is high enough as is  .)

Really intresting analysis, of course it's hard to compare gold and bitcoin because a lot of difficulties between this two "currencies" and popularization of metals are higher then cryptocurrency but people will understand more about digital currencies after they would see a implemntation of bitcoin and other currencies to normal stuff as payments, transfers, exchanges, investing  

[mrcash02]

Just mentioning Bitcoin just have value because we are in a modern world society, without powerful technology Bitcoin loses all its price and Gold rules as it's a physical asset and exists since the beginning of the world, being useful since thousands of years ago and still is now even on the modern world. If the world as we know today colapses, Bitcoin will colapses and the man will return to his origins.

I believe the virtual can't replace the physical forever.