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YTBitcoin
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August 27, 2017, 08:07:27 PM
 #61

Bitcoin is far better than gold. And today is the best day to invest more in Bitcoin. The previous comments are correct, sooner we will see bitcoin at the price of $20K or $50kf in the next 10 to 20 years. In fairness nice calculation.
As long as calculations are concerned, I think you have clarified everything as a sum-up. Bitcoins have been rising since 202 and still they are going up and up. So if you compared it even with gold you will see the profit and plus thing in bitcoins. It is now believed that bitcoin will be rocking in coming 5-10 years.
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sebastianpenguen
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August 27, 2017, 08:10:09 PM
 #62

For something like this to happen, you need mass adoption of Bitcoin worldwide, 4 years is too short. Gold is acknowledged by everyone to be valuable, it is something tangible that even people in their 80's or older can easily recognize. Bitcoin is a new generation thing and at the moment attracts only people that are technologically savvy. When we've reached a point where the oldest person on earth was born after Bitcoin was created, Bitcoin will have been universally assimilated. Of course we might not need to wait that long  Wink

This is right. This can't happen only because of market manipulation. We have to see bitcoin to be used in daily life and business payments. That's why official adoption of bitcoin is vital.
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August 27, 2017, 08:20:25 PM
 #63

I always assumed that bitcoin is overestimated so far and your numbers confirm this. People speak about bitcoin solve poverty, but your numbers clearly show that this is not the case.

To further speculate, we need to see what governments will do as soon as bitcoin becomes a larger part of the total wealth.
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August 28, 2017, 12:04:56 AM
 #64

Thats very nice information and all people in the world does know about gold and several does use it as store of value, imagine half of them know bitcoin and 20% invest into bitcoin, i do see bitcoin and crypto getting very near those gold power on the next 20-30 years, all it requires is legalization and merchants to work with crypto and price will follow those demand. Just an update to follow the bitcoin value, $72,441,993,792 something like 12x then March report.
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August 28, 2017, 12:14:20 AM
 #65

+1

Bitcoin need at least 10-20 years to come into mainstream. Price should be +$20,000. But we'll see.

I think less - it can be 5 - 10 years. We already have signals that big companies are interested in Bitcoin (Sony, Burger King). Some big countries already make research to use Bitcoin as a currency. It can be faster than we think Wink

the years figure both are good idea but the price 10 to 20 years for bitcoin 20,000$ are lower i think 50,000$ is the fair value for that long tome because bitcoin has have faster movement in the cryptoworld, and the near future bitcoin to become powerful and many campanies are invested to the bitcoin and accept as currency.
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August 28, 2017, 01:35:11 AM
 #66

Even if you say so five years is not enough time to make bitcoin very convincing, its 5 years development is amazing but we do not know what will happen in the future. To really make sure we may have to see performance 10-20 years ahead.
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August 28, 2017, 02:37:20 AM
 #67

I don't think tech savvy is the case any longer for adoption.  An individual no more requires tech "savvyness" beyond understanding an account number and how to make transactions.  Pretty much the same thing as a regular bank account today.  We just need to learn to simplify our explanations to the masses.

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August 28, 2017, 03:01:09 AM
 #68

Thats very nice information and all people in the world does know about gold and several does use it as store of value, imagine half of them know bitcoin and 20% invest into bitcoin, i do see bitcoin and crypto getting very near those gold power on the next 20-30 years, all it requires is legalization and merchants to work with crypto and price will follow those demand. Just an update to follow the bitcoin value, $72,441,993,792 something like 12x then March report.

Yeah it may take some time for bitcoin to be really known by the masses since it has not been existing for long unlike gold that has been existing since time immemorial and everyone knows gold even if a person is already old and not into technology unlike bitcoin that only people that has access to internet knows about it and many still don't know even if they have access. If time comes that everyone will know about it, maybe if the people who are alive then were born when bitcoin is already known and being used as currency or store of value.

It is hard for bitcoin now to have massive adoption and be known since some countries ban the use of it but I am still positive that someday they will still let its people use it if they see that other countries have reap the benefits of using bitcoin and regulating it. Japan, Korea and other countries are already starting to regulate it and other countries may follow suit if they see the advantage of using it over fiat money.

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August 28, 2017, 03:09:13 AM
 #69

Yes that is unbeliable, i just can not realize why bitcoin is still so cheap, it has a lot of ways to grow toward four digits. I think we need more promotion. But at the moment bitcoin is just like the gold, but the electronic gold, and ethereum represents the electronic silver.
But yes, bitcoin is obviously gonna reach those prices, it is unstoppable.


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August 28, 2017, 03:23:36 AM
 #70

Yes that is unbeliable, i just can not realize why bitcoin is still so cheap, it has a lot of ways to grow toward four digits. I think we need more promotion. But at the moment bitcoin is just like the gold, but the electronic gold, and ethereum represents the electronic silver.
But yes, bitcoin is obviously gonna reach those prices, it is unstoppable.


soon bitcoin price will reach four digits like you said, but until that time is come, i think we need to spread the news about bitcoin to many places and not just in one or two country but in all country. it will need big efforts from us (bitcoin community) to make bitcoin is in every where so people will know and use bitcoin for daily life. beside that, we need to united and work together to spread about bitcoin,

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August 29, 2017, 07:45:17 PM
 #71

Being 0.08% of the golds total value on the earth have you seen gold going all above 4500 USD at anytime? I think no, never, that's the uniqueness of the bitcoin and the value it holds. Try recalculating your math in comparison with price of the assets that they are holding currently. And compare with the worlds market capitalisation for each of them. I'm pretty sure you will come up with different results, obviously bitcoin being on the brighter side of the math.  Grin
But that is because we have been mining gold for thousands of years, bitcoin in the other hand has only been mined for 9 years, gold is still king even if the price of each bitcoin is bigger than an Oz of gold the market cap of gold stills dwarfs bitcoin, we still have a long way to go if we want to change that.
If as your said, your thought are Bitcoin in future can growth more, even x100 the price at now is possible right? Bitcoin and Gold very difference, both are good asset but the volatility of Bitcoin higher than Gold, it cannot stable like Gold after increased up. Smiley
Correct, right now the best investment option between the two is very clear, bitcoin is the best hands downs and that is why a significant amount of the money I’m holding is on bitcoin since I think it is going to be the next big thing, similar to what happened with the internet.
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August 29, 2017, 08:14:55 PM
 #72

That is why bitcoin seen to be at the infancy stage and a baby compared to were gold is.  We should keep investing in bitcoin as it seen we may really get to four digits before end of 2018. We can all testify the significant and important of bitcoin to the world economic today. Bitcoin is actually contribute to the world economic more than many Worlds physical assets. Hope we sustain this progress beyond 2020. I seriously believe bitcoin is not in bubble yet.
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September 04, 2017, 08:13:42 PM
 #73

Just mentioning Bitcoin just have value because we are in a modern world society, without powerful technology Bitcoin loses all its price and Gold rules as it's a physical asset and exists since the beginning of the world, being useful since thousands of years ago and still is now even on the modern world. If the world as we know today colapses, Bitcoin will colapses and the man will return to his origins.

I believe the virtual can't replace the physical forever.
I think it is only natural that something like bitcoin was created, gold is great but in the current society you cannot expect people to use gold anymore for every singlet thing, now most of the economy is moving through online accounts so more than gold we need bitcoin to met that demand
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