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Poll
Question: Price for 1 BTC
1000$+ - 17 (34.7%)
10.000$+ - 7 (14.3%)
100.000$ - 1 (2%)
1.000.000$ - 3 (6.1%)
10.000.000$ - 3 (6.1%)
100.000.000$ - 2 (4.1%)
1 Billion $+ - 4 (8.2%)
No price is too high - 5 (10.2%)
I am high - 7 (14.3%)
Total Voters: 49

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Author Topic: What Bitcoin price is too high?  (Read 3275 times)
From Above
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June 29, 2016, 09:17:09 AM
#1

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~

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June 29, 2016, 09:22:12 AM
#2

Bitcoin is a money transfer system, so an increase in price merely indicates confidence in the system There is not an economy that needs a low price to stimulate exports, so no price is too high. Just my opinion, I'd be interested to hear from people who disagree with me. Smiley

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June 29, 2016, 09:32:54 AM
#3

Reaching $1000 is too high for me but just nowadays.
I mean, if it reaches $1000 today, then it would be the new normal and no one's gonna notice it the day after.

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June 29, 2016, 09:33:11 AM
#4

Actually, there is a maximum Bitcoin price! How do we obtain it? Well, you can see that would occur if Bitcoin become the currency of the world and replaced all fiat.

Take the global M2 (total money supply including certain deposits: less inclusive than M3 but a good measure to be going on with), which is currently about $60-70 trillion. Divide this by the market capitalisation of BTC at the moment (let's say around $7 billion, because that's what it was when I last did this calculation and it gives a nice figure, and we're dealing with log orders of magnitude here), and you get a ratio of around 10 000. Thus, the price of BTC can only increase 10 000x from its current figure, unless more money is invented (which it will, by the time Bitcoin approaches that), but for now at least the theoretical ceiling of Bitcoin is:

$639 * 10 000 = $6.39 million/coin

Always fun to do back of a post it note calculations; have a good day Cheesy

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June 29, 2016, 10:18:02 AM
#5

Bitcoin is here to stay (unless somebody screws up core), and it will be/is a significant world currency, but it will never be the Phoenix currency.

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June 29, 2016, 10:25:46 AM
#6

That depends on many factors. For me, o bitcoin price is too high because, it should be considered along with the world's economic situation. Bitcoin is like gold, even though most of the investors do not know about bitcoin. But when the stock market crashes, the gold price increases because of huge buying order. It is because people want to safeguard their investment.

So bitcoin also has a similar nature and can be used for investment while the world economy trembles. For me $1000 + is not a very high price for bitcoin. It has a potential to reach up to $10k USD.

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June 29, 2016, 10:25:53 AM
#7

I see bitcoin as a replacement for gold, the market cap of gold today is just under 8 trillion so if bitcoin would replace all of it (that will probably never happen)
and we assume all of the 21 million BTC has been mined we would come to a price of 380 952,380952381 USD per BTC.
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June 29, 2016, 10:28:07 AM
#8

I see bitcoin as a replacement for gold, the market cap of gold today is just under 8 trillion so if bitcoin would replace all of it (that will probably never happen)
and we assume all of the 21 million BTC has been mined we would come to a price of 380 952,380952381 USD per BTC.

Woww  380 952,380952381 USD per BTC , isnt it a dream price which every bitcoin holder wants it to be.  I am even happy if bitcoin is valued at half of this price.  Wink
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June 29, 2016, 10:39:01 AM
#9

actually if you are talking about money, there are no such things as high, the higher is better, but for me,i will satisfied if bitcoin price could reach 1 million dollar

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June 29, 2016, 11:01:34 AM
#10

I see bitcoin as a replacement for gold, the market cap of gold today is just under 8 trillion so if bitcoin would replace all of it (that will probably never happen)
and we assume all of the 21 million BTC has been mined we would come to a price of 380 952,380952381 USD per BTC.


If you forget the 38.0952381 Cent,
That is about $380 000 right?
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June 29, 2016, 11:05:45 AM
#11

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~
If bitcoin price go up to 10000$ per bitcoin is too very very high , i  would cash out immediately cause i will gain very large profit from it, If bitcoin price reach 10000$ per bitcoin bitcoin community will probably change , the fee will be low cause of bitcoin price

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June 29, 2016, 11:26:41 AM
#12

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~

Seems that most people think that everything $1k and up is too high but i dont think so, the price should be more than $1k, its good for most people including miners but what I consider the price too high is 10k+ which I voted for.

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June 29, 2016, 11:36:27 AM
#13

I think depends on who is buying Cheesy Like for example  for an ordinary citizen, 1k usd per bitcoin is too much but for wealthy people this is just a peace of cake.  Even when doin calculation as per citizen, it isn't accurate because one of the concern is, who has access to it. Another factor is wether or not the country will accept it, aside from Bitcoin, people will surely look for cheaper alternative.

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June 29, 2016, 11:40:43 AM
#14

For me Bitcoin price these day is already high.Why? because before Crpytocurrency is introduce the Big Country has the biggest price of flat money in the whole world. Now we have Bitcoin, Bitcoin price is bigger than what we used to use in the Real World.


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June 29, 2016, 11:41:39 AM
#15

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~
More like it cannot be decided.Personally,sky is the limit and I aim for the best.For the sake of the numbers,I think anything above $600 with stability and less jerks in the values should be fine.About the second part,the maximum worth of bitcoin would only be decided by time and or Craig Wright's Drama <the later part is a joke>

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June 29, 2016, 11:52:12 AM
#16

Personally,sky is the limit and I aim for the best.

That sounds good man.

But sky is not even the limit in anything. Life is limitless and marvelously diverse.

If we see the miracle of a single flower clearly, our whole life changes.

~CfA~

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June 29, 2016, 12:04:43 PM
#17

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~
If bitcoin price go up to 10000$ per bitcoin is too very very high , i  would cash out immediately cause i will gain very large profit from it, If bitcoin price reach 10000$ per bitcoin bitcoin community will probably change , the fee will be low cause of bitcoin price

These are fairly tales. The chance of this happening are there, but it's not realistic, if we look towards an 3-5 year outlook. And why discuss something which is so far in the future.
It's not making sense to me. Apart off course from the fee discussion, which will (I am positive) go down when bitcoin goes over 5k.
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June 29, 2016, 12:11:44 PM
#18

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~
If bitcoin price go up to 10000$ per bitcoin is too very very high , i  would cash out immediately cause i will gain very large profit from it, If bitcoin price reach 10000$ per bitcoin bitcoin community will probably change , the fee will be low cause of bitcoin price

These are fairly tales. The chance of this happening are there, but it's not realistic, if we look towards an 3-5 year outlook. And why discuss something which is so far in the future.
It's not making sense to me. Apart off course from the fee discussion, which will (I am positive) go down when bitcoin goes over 5k.

Exactly that would be the waste of time to think that is not realistic as it has even not reached to the  price of $1k so don't know whether it can ever reach to $10k or not.
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June 29, 2016, 12:15:40 PM
#19

For u personally what is a Bitcoin price that u would consider too high?

What can be the maximum Bitcoin's worth?

~CfA~
If bitcoin price go up to 10000$ per bitcoin is too very very high , i  would cash out immediately cause i will gain very large profit from it, If bitcoin price reach 10000$ per bitcoin bitcoin community will probably change , the fee will be low cause of bitcoin price

These are fairly tales. The chance of this happening are there, but it's not realistic, if we look towards an 3-5 year outlook. And why discuss something which is so far in the future.
It's not making sense to me. Apart off course from the fee discussion, which will (I am positive) go down when bitcoin goes over 5k.

Because I at least intent to retain my holdings for several decades, when such discussions will become relevant.

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June 29, 2016, 12:19:36 PM
#20

For me personally bitcoin prices high enough so I tried to collect as much as I could and for the highest price I can not mengatakanya because prices are always changing all the time but of course I hope the price of bitcoin more valuable by the day.
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