Bitcoins true potential

[Qunenin]

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.

What i think is that very few people use bitcoin as compared to Fiat, So if more people started using the bitcoin it can increase its demand so much that it price can rise which we cannot imagine. Thats the true potential for bitcoins.

[lionheart78]

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.

What i think is that very few people use bitcoin as compared to Fiat, So if more people started using the bitcoin it can increase its demand so much that it price can rise which we cannot imagine. Thats the true potential for bitcoins.

True let us  say in my community, there are around 5,000 to 10,000 population but out of this population only 2 know bitcoin and I am the only one actively accumulating and spending bitcoin.  What if thiss 10,000 are actively using Bitcoin?  i bet this will bring more value to bitcoin that may bring more demand and thus increase in price.  So basically we haven't seen the true potential of bitcoin.

[Ayers]

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.

What i think is that very few people use bitcoin as compared to Fiat, So if more people started using the bitcoin it can increase its demand so much that it price can rise which we cannot imagine. Thats the true potential for bitcoins.

yes but they need an incentive to strat using it, and it's not speculation only, they need a very good reason to star using bitcoin en mass, and for now there is no kill app for bitcoin

[RyNinDaCleM]

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.

What i think is that very few people use bitcoin as compared to Fiat, So if more people started using the bitcoin it can increase its demand so much that it price can rise which we cannot imagine. Thats the true potential for bitcoins.

True let us  say in my community, there are around 5,000 to 10,000 population but out of this population only 2 know bitcoin and I am the only one actively accumulating and spending bitcoin.  What if thiss 10,000 are actively using Bitcoin?  i bet this will bring more value to bitcoin that may bring more demand and thus increase in price.  So basically we haven't seen the true potential of bitcoin.

Most if not all merchants accepting Bitcoin use services like bitpay which in most of those cases, convert directly to USD. The coins are bought and sold so the net effect is zero (or close to it). What's even worse is that many people who are spending them are people that didn't buy recently or with the intention to spend them immediately so this group creates a downward pressure when spending. When I spend coins, I make sure to only spend coins that are well in profit

[20kevin20]

In 2012, the first halving took place. I never found out about it at the time, and I wish I did. One year later, the price went +$1050 up, which meant over 100x the 2012 price. Now we're looking at a $610/BTC price. The halving took place this year.. let's hope the history repeats once again. 100x$610 means.. $61k. Let's hope for the best!!!!

[RyNinDaCleM]

In 2012, the first halving took place. I never found out about it at the time, and I wish I did. One year later, the price went +$1050 up, which meant over 100x the 2012 price. Now we're looking at a $610/BTC price. The halving took place this year.. let's hope the history repeats once again. 100x$610 means.. $61k. Let's hope for the best!!!!

Exponential increases also require exponentially more money to reoccur. Say it took $200M to make the 2013 bubble. Now think about another 100x that.... That is a lot of eyeopening! Better start telling people now Unfortunately, much of the world has heard of Bitcoin by now (whether or not they actively pursued it or even took the time to learn about it). People are going to need a bigger threat to their money for Bitcoin to grow like that again. A slow steady rise is more likely than a 7 week rally to $61k. As more people become aware/threatened to seek alternative means of saving/purchasing, money will trickle in. This could take another 10 years or more. It really depends on how fast nations' govs can scare people out of their national fiats.

[KimberlyZahovic]

bitcoin potential the best investment
becasue use trading in very fast growth capital money

[Skaven]

Bitcoins are true potential because yuou need to be sure that people will use them in the future if they dont use bitcoins in the future you can better stop dealing with it!

[ivanst776]

When someone wants to invest in ICO of othercoins the first thing that goes on our minds is to buy/invest through bitcoin.

And based only on this I think that bitcoin has the potential to survive longer than any of the altcoins and has potential to be available in the real life too.

[zimmah]

In 2012, the first halving took place. I never found out about it at the time, and I wish I did. One year later, the price went +$1050 up, which meant over 100x the 2012 price. Now we're looking at a $610/BTC price. The halving took place this year.. let's hope the history repeats once again. 100x$610 means.. $61k. Let's hope for the best!!!!

Exponential increases also require exponentially more money to reoccur. Say it took $200M to make the 2013 bubble. Now think about another 100x that.... That is a lot of eyeopening! Better start telling people now Unfortunately, much of the world has heard of Bitcoin by now (whether or not they actively pursued it or even took the time to learn about it). People are going to need a bigger threat to their money for Bitcoin to grow like that again. A slow steady rise is more likely than a 7 week rally to $61k. As more people become aware/threatened to seek alternative means of saving/purchasing, money will trickle in. This could take another 10 years or more. It really depends on how fast nations' govs can scare people out of their national fiats.

That's no problem since the network effect means that adaptation will be exponential, and therefore the money coming in will also grow exponentially (until of course adaptation slows down, because there aren't infinite people).   

But since not nearly even 0.1% of humanity is using bitcoin right now, we should be fine for a while still.

[RyNinDaCleM]

In 2012, the first halving took place. I never found out about it at the time, and I wish I did. One year later, the price went +$1050 up, which meant over 100x the 2012 price. Now we're looking at a $610/BTC price. The halving took place this year.. let's hope the history repeats once again. 100x$610 means.. $61k. Let's hope for the best!!!!

Exponential increases also require exponentially more money to reoccur. Say it took $200M to make the 2013 bubble. Now think about another 100x that.... That is a lot of eyeopening! Better start telling people now Unfortunately, much of the world has heard of Bitcoin by now (whether or not they actively pursued it or even took the time to learn about it). People are going to need a bigger threat to their money for Bitcoin to grow like that again. A slow steady rise is more likely than a 7 week rally to $61k. As more people become aware/threatened to seek alternative means of saving/purchasing, money will trickle in. This could take another 10 years or more. It really depends on how fast nations' govs can scare people out of their national fiats.

That's no problem since the network effect means that adaptation will be exponential, and therefore the money coming in will also grow exponentially (until of course adaptation slows down, because there aren't infinite people).   

But since not nearly even 0.1% of humanity is using bitcoin right now, we should be fine for a while still.

By what metric can adoption be measured with any amount of certainty, though? It's not as simple as saying that because I tell two people and they each tell two people...etc that they would all have any interest in Bitcoin. I would argue that just like EW works on price, it works similarly on adoption and it is possible that adoption is in a lull in its growth, or a plateau after the last growth phase as a sort of sideways correction. I doubt that everyone you or I remember from a few years ago still hold the same desire that they once did. Many, sure, but not each and every last one. If that's the case, it is also possible that the exponential growth would start back a few clicks. Not necessarily square one, but not right back into full-on FOMO driven panic. At least not for a little while.

[romero121]

Bitcoin has got the best potential, but only a few have understood it and started investing in it. When years pass users will know more of it and get into the digital currency usage.

[Adaleon]

Bitcoin has an unlimited potential but if Bitcoin is going to be able to show us that is still unknown because many things can come in the way of bitcoin.
Like a other company taking over Bitcoin or Bitcoin in general just dying, we have to see for our selves what will happen.

[crairezx20]

Bitcoin has an unlimited potential but if Bitcoin is going to be able to show us that is still unknown because many things can come in the way of bitcoin.
Like a other company taking over Bitcoin or Bitcoin in general just dying, we have to see for our selves what will happen.

Not unlimited it has only a potencial to grow more in the future.bitcoin still not so popular and i think it needs more adoption so  that more people will know about bitcoin.. For now we are just 10% of users worldwide and i hope we will increase more even 3% next year..

[Zistmine]

Bitcoin has an unlimited potential but if Bitcoin is going to be able to show us that is still unknown because many things can come in the way of bitcoin.
Like a other company taking over Bitcoin or Bitcoin in general just dying, we have to see for our selves what will happen.

Not unlimited it has only a potencial to grow more in the future.bitcoin still not so popular and i think it needs more adoption so  that more people will know about bitcoin.. For now we are just 10% of users worldwide and i hope we will increase more even 3% next year..

There are very few users of the bitcoin at the moment. I mean the active users. When it reaches several millions, the price will be much higher.

[Spaceman_Spiff]

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.

I think base money is much better to compare value with than M2, since Bitcoin will also have banking/lending like practices , just like fiat.
Of course bitcoin could also eat a significant chunk of the bond and gold markets as a savings vehicle.  I am not 100% sure on the bonds markets, but I think that can just be calculated at face value, which would be pretty fucking huge.

[wikenpp]

Nobody can really tell what bitcoin's potential is. It's all guess at this point. Sure we bitcoiners estimate the potential very high since we know how the protocol works. But even then to tell what the real potential is in terms of money, is hard to say. Let's just hope it get adopted by the masses and we will see a realistic price of bitcoin.

[Doamader]

Nakamoto made the bitcoin to get value over time, while the mine keeps running, after the mine ends it will be the demand and supply that should rule the value of bitcoin, atleast at the moment no ones knows how to handle the question of the last coin mined and what will happen with the hash that makes bitcoin safe.

[Spaceman_Spiff]

Nakamoto made the bitcoin to get value over time, while the mine keeps running, after the mine ends it will be the demand and supply that should rule the value of bitcoin, atleast at the moment no ones knows how to handle the question of the last coin mined and what will happen with the hash that makes bitcoin safe.

miners will get subsidized by transactions fees only

[andyste]

bitcoin is true potentian investment
with bitcoin very fast grow your money
you can trading bitcoin with 2 pair, pair fiat money and pair altcoin