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[examplens]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

Maybe you are right, $100,000 is the serious price per coin. But $2000 is possible this year, so this is 42 billion USD it already changing the opinion or is not?
Why not price rise in next two years on $4000

[Cashew]

We can easily in theory go to at least a 500 billion $ marketcap as Apple has a 600 billion $ one and their just a company while Bitcoin will become the major payment system on the Internet.

[Pattberry]

We can easily in theory go to at least a 500 billion $ marketcap as Apple has a 600 billion $ one and their just a company while Bitcoin will become the major payment system on the Internet.

You really cannot compare it with consumer products .Bitcoin is a currency and it is literally in its infancy ,even if you look at the history it took a really long time to change from barter system to currency and it will take some time to change the concept of fiat currency to digital currency and if more people are willing to use bitcoin as a form of digital currency then the price will increase exponentially.

[Yakamoto]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

I could have sworn that I saw something like this a month ago, with the exact same wording.

The cap means it will never grow in numerical size, and your investment will never lose value due to inflation once everything has been mined. A larger cap would not help either.

Bitcoin is likely not supposed to be a spending currency, and likely it was meant to be a way to secure and maintain wealth, considering it was distributed after 2008, after an event which lost a large amount of people their money.

Having a bigger cap will not make the market cap go up. Bitcoin would likely be valued at a similar market cap with or without larger BTC caps.

This is an irrelevant argument and pretty useless for discussion imo.

[Hydrogen]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

In january 2017, consumer spending in the united states for the year topped out at $11,640,000,000,000.

If there are 20 million bitcoins, 1 btc would need to be worth $582,000 & all btc would need to be spent in a 12 month period to match that.

If each bitcoin was worth $58,200 and each btc was spent 10 times in 12 months, that might get spending numbers near to that amount.

Or if each btc was worth $5,820 and each btc was spent 100 times in 12 months, that might work too.

Volume and exchange rates could factor into it to some degree.

[Viviyang]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

That is the main problem of bitcoin as it is online currency and the fiat currency will be their always as both are different and both have their own values.

[ArdiPrabowo]

Hello 2011.  

youre write about 2011 , bitcoin price still in one dollar
you want bitcoin price down until reach 1 dollar, i think much people not want bitcoin crash and down

[error08]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

It won't change, you can't exclude 5% from 21 Million, in the end of mining process, there will be still 21 Million bitcoin even though some had lost. Maybe $1000 is not enough for bitcoin and market cap, but we know the price will increase and worth more than $5000, some people speculate it will reach $25,000 US dollar, no one knows for sure but bitcoin doing so well for now, people still interested to advantages of bitcoin, it's inevitable.

[BillyBobZorton]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

The unit of bitcoin is infinitely divisible, we will never run out of supply, the more people hoarding bitcoin, the higher the price will go, and the smaller we can make the units if btcs keep getting lost. Your issue is not a problem so stop worrying about that stupid shit.

[zidanw]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

you are too succinct to declare bitcoin has no future,What you describe is also wrong as there were only 21 million bitcoin  if you already you know bitcoin certainly know what that means miner, you can earn bitcoin by solving a difficult algorithm and the maximum number of bitcoin will continue to grow as the number of bitcoin miners

[HabBear]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

Thoughts on what exactly?

You don't offer any thoughts of your own as to:

• Why a currency cannot exist if the market cap is low?
• Why a currency cannot exist if the market cap is irreversible?
• Why you don't see a future in BTC?
• Why must BTC rise to $100,000 per coin to have a future?
• Why the price of BTC rising to $100,000 per coin is unlikely?

My thoughts?

• A currency can exist with a low market cap as long as people decide to use it for exchange of value
• If the currency can't lose value, can't realize inflation, the market cap can't be reduced
• I see a big future in bitcoin and the blockchain technology that supports it
• Bitcoin doesn't have to rise to $100,000 per coin to have a future; But if it did, the exchangeable division of bitcoin could support a price of $100,000,000 per coin as 1 satoshi is 1 hundred millionth of a bitcoin
• The price of BTC rising to $100,000 per coin is a as likely as bitcoin disappearing form relevance - no one knows for sure

Any other "brilliance" to discuss?

[pooya87]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

your logic is so funny!

price only changes based on adoption in other words demand. and the current demand is around the $1000 price and more.
being a currency has nothing to do with the price, you can still use bitcoin even if its price is 1 cent just like that guy who used 10000BTC to buy a pizza.
the more people use bitcoin, they increase this demand and increase the price over time.

[pinkpanther03]

If you can't see a future for bitcoin as of now then you are just wasting your time here. Bitcoin is still young to consider to make it to the top and as high as $100,000 per coin. And it's already an achievement to see bitcoin on $1,000. $21 billion market cap is not a joke and those investors sees future in bitcoin so they did invested.

Yes you are right. Values Bitcoin is becoming more and more every day. I am sure that this coin is just beginning to exist and has a great future

Indeed, before bitcoin became 1000$ almost it takes 8 years try to calculate how many years will it take before it will become 100,000$ of each bitcoin. But, still this will depend in the community of bitcoin industry in the entire world. And if there's nothing happen in the development of bitcoin, like what he/she said anyone are free to live this bitcoin industry.

[Kemarit]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

your logic is so funny!

price only changes based on adoption in other words demand. and the current demand is around the $1000 price and more.
being a currency has nothing to do with the price, you can still use bitcoin even if its price is 1 cent just like that guy who used 10000BTC to buy a pizza.
the more people use bitcoin, they increase this demand and increase the price over time.

Exactly. Just a simple supply and demand dictates the market price of bitcoin. That is why it is so important for bitcoin to be mass adopted globally, so meaning more is demanding about bitcoin, the higher the price of bitcoin will be. Yes, $100,000 per coin maybe beyond possibility, we don't need that kind of market price, what we need is just around $2000 from the current price to really see the value of bitcoin. Investors, common users, merchants etc will reap the benefits once we got to $2000.

[Harlot]

No Bitcoin is not doomed because of its Market Capacity. It is even good for Bitcoin to have a limited number of coins in circulation the more limited the supply the higher the demand and price it will get. Also why are you worrying about all the 21,000,000 Bitcoin? There is still a lot left un-mined and it is most likely that it can still be mined for many years because of the halving process it takes frequently.

[Xester]

No Bitcoin is not doomed because of its Market Capacity. It is even good for Bitcoin to have a limited number of coins in circulation the more limited the supply the higher the demand and price it will get. Also why are you worrying about all the 21,000,000 Bitcoin? There is still a lot left un-mined and it is most likely that it can still be mined for many years because of the halving process it takes frequently.

That is very true that when the supply is lower or lesser than the demand then the price could actually go higher. In the case of bitcoin it will take more long years to reach a 100,000 dollar value per coin and it could only happen if bitcoin is well distributed all around the globe and has reached a million or billions of user across the globe. Hope it reach that value very fast.

[cellard]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

Bitcoin will never be  a mainstream worlwide currency.The governments and central banks won`t allow it.
Why do you think that the "low cap" is a problem?I don`t care about the btc price.
It`s not about the price,it`s about the unique transaction system and the unique concept.

Indeed, and the good thing is, we dont need bitcoin to reach mainstream status. if Bitcoin becomes a trusted gold alternative, we can reach $100,000 easily. But BUcoiners are too stupid to realize this so they would rather turn bitcoin into paypal if they need to.

[Sundark]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

1 BCT=100 million satoshi
21 million BCT= 2.1 quadtrillion satoshi
1 BCT=$1,000 per BCT
21 million BCT=$21 billion dollars
100 million satoshi=$1,000
2.1 quadtrillion satoshi=$21 billion dollars
You figure the rest.

This is the correct explanation.

I don't get it why people assume that number of 21 million of BTC is ultimate number of bitcoin users.
We don't need to own 1 whole bitcoin, not when 1 BTC is divisible to 8 decimal places.
If we wanted to we could recreate whole economy having only couple bitcoins left.

[Gotottack]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

1 BCT=100 million satoshi
21 million BCT= 2.1 quadtrillion satoshi
1 BCT=$1,000 per BCT
21 million BCT=$21 billion dollars
100 million satoshi=$1,000
2.1 quadtrillion satoshi=$21 billion dollars
You figure the rest.

This is the correct explanation.

I don't get it why people assume that number of 21 million of BTC is ultimate number of bitcoin users.
We don't need to own 1 whole bitcoin, not when 1 BTC is divisible to 8 decimal places.
If we wanted to we could recreate whole economy having only couple bitcoins left.

I agree, if there would be a time that there would be more than 21 million users then they could share more that 21 bitcoins as it is totally divisible. The problem here is that the prices when that time comes would be exorbitant and the fees would be extremely impractically especially if you only use up a few satoshi per transaction. This should be resolved.

[RodeoX]

There are a max of 21 million bitcoins. lets assume 5% of those are lost to forgotten addresses or other accidents. We now have 20 million coins. At a price of $1,000 per coin, that is 21 billion USD as a market cap. You cannot have a currency with such a low, irreversible cap. I do not see a future for BTC unless it rises to $100,000 per coin, which is unlikely
 Thoughts?

I thought we got past this argument in 2011? 21 million coins is completely arbitrary. Any number, including 1, is enough bitcoin to supply the world. There is no bitcoin, just percentages of bitcoin. like a pie it can be cut ever smaller.