How high can BTC go? Fact-based, with the only graph you will ever need

[HeRetiK]

I don't see Bitcoin as much as a competitor for gold than for Western Union. Remittances is, as of now, the field where Bitcoin really excels: The volatility is almost non-relevant - even in bear markets - as Bitcoin remittances take place in minutes to a few hours, and there are no international barriers (apart from prohibitions in, at most, a handful countries).

Yes, so much this. International remittances are abysmal. Even leaving the SEPA zone feels like entering the middle ages and it's still the same continent.

The same is true for international stock trading. The regulations make it quite a painstaking process. Hence, equity participation is another market that the crypto-scene could one day start gobbling up in large chunks. There are already initial signs and tasters for this in some actually legitimate ICOs popping up here and there.

Looking at ICOs I'm actually reminded why there are regulations in the first place... but yeah, international stock trading does indeed seem needlessly complex, expensive and in a lot of cases - non-transparent. Also the traditional stock market doesn't go on 24/7, what's up with that?

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[Kakmakr]

Kay Van-Peterson of Saxo Bank, the man who predicted that BTC would reach $2,000 per coin, assumes that in ten years cryptocurrencies in general, not just Bitcoin, will account for 10 percent of the average daily volumes (ADV) of fiat currency trading in 10 years. Foreign exchange ADV currently stands at just over $5 trillion, according to the Bank for International Settlements. So that 10% of $5 trillion would be a $500 billion cryptocurrency market. If Bitcoin were to be 35% of that $500 billion cryptocurrency market, this would mean that $175 billion worth of Bitcoin would be traded everyday.

Van-Peterson implies that Bitcoin’s market capitalization would be ten times the average daily volume, lending to a figure of $1.75 trillion for the market cap. In ten years he believes there will be roughly 17 million Bitcoin in circulation, up from the current 16.3 million in circulation today. If the potential 17 million Bitcoins is divided by the $1.75 trillion market cap estimate, then each Bitcoin would be worth just over $100,000.

This is just the fiat currency trading, so what will happen if traders start to shift from other commodities to Bitcoin. < Silver / Gold / Oil etc.. >

[Silberman]

I`ve seen this graphic posted on some other forum thread before.
There`s plenty of space for bitcoin to grow,but it`s wrong to compare it to gold.
Gold is used by the people for centuries.All the people without computer knowledge will trust gold,and believe  me,most of the people in the world don`t have a PC,which means that they don`t know anyhting about btc and most likely they will never buy and use bitcoin.

indeed not everybody have a PC but , don't you think everybody will learn in the future ?
 Look at right now,a twenty years ago or even less not many people understand about technologies and using letter to send a message,how about now ?

how about gold ? from my prespective it's only a shining item or jewelry,how about Bitcoin ?
the difference between both of them are great,from their ultility we can see who'll be the most usefull.

Bitcoin price can not be measured by chart or diagram precisely because it can fly to the moon at anytime moment or crash to the hell but it can be used a map for whole development in prices so we can calculate it all based on increasing,decreasing and social emotions

Gold is not only something shiny that people use, the reason gold was adopted all over the world as a currency is that gold has many characteristics that made it a good form of money, bitcoin has surpassed gold in that aspect which is why I think bitcoin is going to become a premium currency accepted all over the world, but we cannot deny the usefulness of gold.