Bitcoins true potential

[outatime1]

The value can also be a function of demand. What I mean is that if there is some good news that makes people panic buy, the price could spike higher than is should be worth just because of that temporary demand.

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[Dahhi]

In my opinion in several decades countries from around the world might be using it as an official currency

Several decades from now, the world will be using government issued digital currencies... watch out.

[sishendaoye]

Not sure what Bitcoin true potential is because to be real I do not pay any attention to that, I am only here to make some more money and noting else.
I know that people say that Bitcoin is going to take over the world but we have yet to see what will happen.

[StoreBit]

to me there is too much potential in the price of bitcoin, my personal view is that the price of bitcoin will start increasing, therefore it is a good time to invest in bitcoin in present time, and it will be really a good decision.

[electronicash]

Not sure what Bitcoin true potential is because to be real I do not pay any attention to that, I am only here to make some more money and noting else.
I know that people say that Bitcoin is going to take over the world but we have yet to see what will happen.

eventually you will pay attention to it when your earnings went down or went up. bitcoin's potential is limitless and when one day we'll see that the known merchants that don't accepts it for now will start to consider bitcoin, you'd be happen to see how much you've earned while you are here in the forum.

[Snorek]

In my opinion in several decades countries from around the world might be using it as an official currency

Several decades from now, the world will be using government issued digital currencies... watch out.

Or society will rebel against economic dictatorship and parasitic taxation also unclear way money are created is causing problems.
And cure for that could be bitcoin or something that will evolve from it - a decentralized global monetary system with full transparency.

[zimmah]

There have been plenty of discussions from time to time on the price speculation of Bitcoin. Where do you guys see the price of one Bitcoin in the years to come? Most importantly, why? How would Bitcoin work? Bitcoin can not exist independently without any other currency, because then where do you derive its value? Imagine Bitcoin though is adopted worldwide, as a popular secondary means of processing transactions. What should the value be of a Bitcoin if literally every person who owned a bank account and debit and credit cards also used Bitcoin wallets and bitcoins daily.

My theory is that the value of a Bitcoin needs to be the sum of all the value of money that exists in the world divided by 21 million bitcoins then adjusted to market price.

Why is Bitcoin priced at what it is today and what is its maximum potential to be valued at?

I don't know about the whole world, but america has an M2 money supply of roughly 13 trillion right now (12.8 ) and growing by 100 billion a month.

According to one source it's about 81 trillion. Which sounds about right.      

If you'd divide that by 21 million, that would mean $3,857,142.85 per bitcoin.        

If you divide that by the ~15.2 million bitcoin that are currently in circulation, that'd be $5,328,947.36 per bitcoin.      

Also keep in mind, and I have said this many times but it can't be said often enough. There's only ever going to be 21 million bitcoins, but there's over 7 billion humans in the world. Which means
 that everyone will only ever have less than 0.003 BTC (3 mBTC) bitcoin on average. If you hold any more than this, you'll be considered above average rich.      

But, the world population grows a lot, so actually it's even better. In 2035 it's expected we have a world population of about 8.6 billion, so the average amount of bitcoin people would have then would be about 0.00232 BTC or 2.32 mBTC per person.

You should really stop counting in BTC and start counting in mBTC or even µBTC because a mBTC would be about the entire networth of most people

Bitcoin can't scale to anywhere near the mass adoption you are talking about, so there's that...

it can, it just takes time.

they kept saying the same about the internet. The internet can't scale for images, the internet can't scale for moving images, the internet can't scale for HD video, the internet can't scale for streaming.    

And yet, here we are.

[Zistmine]

to me there is too much potential in the price of bitcoin, my personal view is that the price of bitcoin will start increasing, therefore it is a good time to invest in bitcoin in present time, and it will be really a good decision.

I agree with this. With the next release of the Core Client with the block size increase, the price of bitcoin will rise further.

[abugseuf]

Bitcoin for now is like subsidiary currency. Fiats are dominating and it is only possible to view bitcoin price in direct comparison to them.
But bitcoin is much more that simple paper money. It can be used in many ways, for example to store important information in the blockchain.
This feature alone, if used correctly and with plan will made 1 BTC worth more than $10.000.

It will take several decades for the bitcoin to be used a major currency. In the mean while, there should be more developments.

yes it is a fact, actually bitcoin is not yet full introduce to people, most of the people have no idea about this that what is bitcoin and a lot of people even have not yet hear the name of bitcoin, therefore it will take decade to fully introduce among the people.

[abugseuf]

Bitcoin for now is like subsidiary currency. Fiats are dominating and it is only possible to view bitcoin price in direct comparison to them.
But bitcoin is much more that simple paper money. It can be used in many ways, for example to store important information in the blockchain.
This feature alone, if used correctly and with plan will made 1 BTC worth more than $10.000.

It will take several decades for the bitcoin to be used a major currency. In the mean while, there should be more developments.

yes it is a fact, actually bitcoin is not yet full introduce to people, most of the people have no idea about this that what is bitcoin and a lot of people even have not yet hear the name of bitcoin, therefore it will take decade to fully introduce among the people.

[sishendaoye]

I think the true potential is as much as people invest into it. The more people that invest the more potential is has but I can't predict how many people will invest.
So what I think is everybody with 10+ btc right now will be living very comfortably if bitcoin gets mass adopted. But if it doesn't it will just stay like this unstable currency.

[Ayers]

I think the true potential is as much as people invest into it. The more people that invest the more potential is has but I can't predict how many people will invest.
So what I think is everybody with 10+ btc right now will be living very comfortably if bitcoin gets mass adopted. But if it doesn't it will just stay like this unstable currency.

yeah but they need a reason to invest into it, and reason are better development for bitcoin core, and better exchange that do not let hacker go in like nothing, better trust and regulation will make people more willing to invest

[amacar2]

I am quite confident that bitcoin will slowly get mass adoption and price will sky rocket. But this may take few decades so better to hold whatever we can for our future or for our kids futures.

[buxlover]

The price of bitcoin is basically demand and supply. If the majority of people start to embrace bitcoins, then bitcoin's price will shoot up. The scarcity is what makes bitcoin valuable after all. The idea of crypto-currency has an infinite potential, there are tons of things that can make use of bitcoins. We just don't have the population using bitcoin for it just yet

[virusasog]

I am quite confident that bitcoin will slowly get mass adoption and price will sky rocket. But this may take few decades so better to hold whatever we can for our future or for our kids futures.

I wish the same It should happen in future with grace of God. I wish bitcoin to become the world's best stock and who have the bitcoins they should be multi millionaire in future. USA should change currency to btc and they should accepts bitcoin as the national currency. This all happen because of the one word. The future money. BITCOIN:)

[romero121]

Bitcoin has the growing potential compared to most other digital currencies that have got existed from the days of digital currency existence. Possibly over the falling years will experience a good rise.

[asriloni]

I am quite confident that bitcoin will slowly get mass adoption and price will sky rocket. But this may take few decades so better to hold whatever we can for our future or for our kids futures.

it may takes decades,but also depend on how people are adopting the technology as you can see so many 3rd world country's people are still lack of technology even bitcoin could potentially helping their economy even a little,maybe because they can't afford to buy the following technologies so they lack of knowledge

[Golftech]

Bitcoin has the growing potential compared to most other digital currencies that have got existed from the days of digital currency existence. Possibly over the falling years will experience a good rise.

im positively believe to that too mate as bitcoin already grown its popularity we will expect that the project will be speak to its own value bitcoin created as a currency and when the time came for more people to embrace the system bitcoin can be a huge assets.

[NorthPixel]

Bitcoin has the growing potential compared to most other digital currencies that have got existed from the days of digital currency existence. Possibly over the falling years will experience a good rise.

im positively believe to that too mate as bitcoin already grown its popularity we will expect that the project will be speak to its own value bitcoin created as a currency and when the time came for more people to embrace the system bitcoin can be a huge assets.

The bitcoin is getting more popular. It is indicated by the daily transaction. It has increased steadily over the years.

[Babayega31]

There have been plenty of discussions from time to time on the price speculation of Bitcoin. Where do you guys see the price of one Bitcoin in the years to come? Most importantly, why? How would Bitcoin work? Bitcoin can not exist independently without any other currency, because then where do you derive its value? Imagine Bitcoin though is adopted worldwide, as a popular secondary means of processing transactions. What should the value be of a Bitcoin if literally every person who owned a bank account and debit and credit cards also used Bitcoin wallets and bitcoins daily.

My theory is that the value of a Bitcoin needs to be the sum of all the value of money that exists in the world divided by 21 million bitcoins then adjusted to market price.

Why is Bitcoin priced at what it is today and what is its maximum potential to be valued at?

The bitcoin has potential high price to $ 2,000 per bitcoin in the next year . And therefore good to lay bitcoin while still relatively low prices . And the time to reach the price that many investors bitcoin will rejoice because they know they will earn big. So bitcoin have potential to reach that price of bitcoin.