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worldofcoins
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October 27, 2017, 12:42:53 PM |
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There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.
The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.
If bitcoin truly does explode in popularity, think about this for a minute;
Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.
What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?
2020: 20k
2050: 100k
2140: 1m
I think this prediction might be a bit off. I know we will get 20 k before 2019 because the next moon rise will be around in another year or so, In 1 year. you should have based the prediction on an every 5 year scale. Bitcoins will be at 1 million dollar each before 2030. I know that demand will be higher then supply before 2025. Miners wont be able to keep up with the demand due to hoarding. |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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StockBet.com
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October 27, 2017, 01:22:03 PM |
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2020: 20k
2050: 100k
2140: 1m
Neither am I or you going to be alive to see BTC being mined completely. Even the miners who are mining today won't be the ones mining the lost block. We are making some predictions that we are not gonna be able to find out if they were correct or not, so I would rather not predict BTC's price in year 2100 or later. Most likely, Bitcoin hit a 1m way before 2140. What will be interesting is if the last Bitcoin available for mining will be worth $1m or more and all of the miners in the world are frantically trying to get that last one. |
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TanyaDegurechaff
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Activity: 182
Merit: 100
They say a thin line separates genius and madness.
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October 27, 2017, 01:42:23 PM |
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There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.
The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.
If bitcoin truly does explode in popularity, think about this for a minute;
Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.
What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?
2020: 20k
2050: 100k
2140: 1m
Even if the price of btc reach 1m by 2140 I predict it wont be that much value since the inflation rate is so high that $1m wont be much. And since there are new technologies being develop everyday there is a chance that bitcoin might be replaced in the future. And it should be the least of our worries because we are dead by 2140  |
"Miracles are illusions caused by insufficient observation and understanding. They're just... glorious misunderstandings." |
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poletando
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Activity: 364
Merit: 100
PlayGame.com
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October 27, 2017, 01:59:02 PM |
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of course im agree too, if more people know about bitcoin and want to invest on it (bitcoin become more popular in this world) i think bitcoin rate wil going up like a rocket, as you can see that bitcoin rate on 2015 is $400 but right now bitcoinr ate is about $5500++ because of people curious about it and want to join/invest win bitcoin
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Byakuya
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October 27, 2017, 02:57:18 PM |
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It seems to be quite a right when thinking a bit. With this calculation, if the bitcoins was evenly distributed, everyone had to have approximately 0.002 bitcoin. This is incredible. I think this explains why bitcoin rise.
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Wesimon
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Merit: 250
https://gexcrypto.io
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October 27, 2017, 03:05:52 PM |
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With the data you have provided about increase in the world population,it seems that bitcoin price would reach $1 million before 2100 itself.On one side bitcoin getting familiar to more people and on the other side,population exploding very high,definitely there would be a very big scarcity for bitcoins in future with people just holding their bitcoins and not willing to sell.
By 2020,it would reach $15k
By 2050,it may reach $100k.
By 2100,it may reach $1 million.
And by 2100 a gallon of milk will probably cost $1000. It's nonsensical to even talk about such numbers, besides the fact that none of us will live to see it. Besides, Bitcoin will be a distant memory by then, it will have morphed into something completely different if not replaced outright. And on 2100, most of us probably here is dead already. It's a new set of generation of users and you are right. There will be some innovation that would happen that time. Just that we dont know and we are not sure of if bitcoin is lost already that time. |
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BillyBobZorton
Legendary
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Activity: 1204
Merit: 1028
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October 27, 2017, 03:13:37 PM |
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If the exponential growth will continue and there are no major disasters it should be something like: 2018 = 15k 2019 = 40k 2020 = 100k And so on... I believe that by 2100 we may cease to exist due to some crazy nuclear war so the price won't matter. I wouldn't go as far with the speculations, especially that I'll be long dead. And by 2100 a gallon of milk will probably cost $1000. It's nonsensical to even talk about such numbers, besides the fact that none of us will live to see it. Besides, Bitcoin will be a distant memory by then, it will have morphed into something completely different if not replaced outright.
It will if the dollar doesn't collapse before that. It will become something like those currencies of Vietnam and its neighbours where a cheap car can cost you a couple million in local currency. For example 1BTC = 45 million Lao Kips (LAK) The only thing that could stop exponential growth would be a big unilateral ban coming from major countries such as US, but we already saw that we can recover from huge bans such as the Chinese one... so I don't really see a way to stop bitcoin at this point, and it's not that im saying that because in vested on bitcoin, i legitimately do not see a damn way to stop bitcoin. |
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farhaan
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October 28, 2017, 07:20:03 PM |
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With the data you have provided about increase in the world population,it seems that bitcoin price would reach $1 million before 2100 itself.On one side bitcoin getting familiar to more people and on the other side,population exploding very high,definitely there would be a very big scarcity for bitcoins in future with people just holding their bitcoins and not willing to sell.
By 2020,it would reach $15k
By 2050,it may reach $100k.
By 2100,it may reach $1 million.
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gredisgold88
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October 28, 2017, 08:58:24 PM |
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There's a hard limit on the number of bitcoins that can be mined: 21 million coins, which is expected to be reached by 2140.
The world is expected to add another billion people within the next 15 years, bringing the total global population from 7.3 billion in mid-2015 to 8.5 billion in 2030, 9.7 billion in 2050, and 11.2 billion by 2100, according to new estimates from the UN.
If bitcoin truly does explode in popularity, think about this for a minute;
Only 21 million bitcoins and 11+ billion people.
With this ratio, the possible price of 1 bitcoin could be huge.
What are your honest price predictions given total world popularity in the years 2020, 2050, 2140?
2020: 20k
2050: 100k
2140: 1m
in the creation bitcoin has a function calculation, so many predict, "that bitcoin will be completely have formulas after 30 years of use." , so that in 2039 bitcoin can be known naturally. I can not be sure bitcoin in 2020 will have a value of 20k $. |
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xBitHodler
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Activity: 112
Merit: 10
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October 28, 2017, 10:01:39 PM |
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Bitcoin won't be national currency in every country. 21 million is not enough, even if we divide it to satoshis. We can't just make another hard fork which would double the amount of Bitcoin because:
- the price of Bitcoin would rapidly go down,
- it wouldn't be a Bitcoin anymore.
That's why it may stay in trading as an universal currency.
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BADecker
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October 28, 2017, 10:08:17 PM |
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One satoshi for each of the other people. I get the rest. |
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richardsNY
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Merit: 1091
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October 28, 2017, 10:20:40 PM |
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Bitcoin won't be national currency in every country. 21 million is not enough, even if we divide it to satoshis. We can't just make another hard fork which would double the amount of Bitcoin because:
- the price of Bitcoin would rapidly go down,
- it wouldn't be a Bitcoin anymore.
That's why it may stay in trading as an universal currency.
The point is that Bitcoin doesn't need to function as national currency. I am perfectly fine with Bitcoin being just an alternative to everything the currently ancient financial system has to offer. People for once should just stop thinking about Bitcoin replacing banks, fiat, governments, etc. Bitcoin is here and working as it should be, so people should just use it and continue with whatever they were doing. We just have to accept the fact that the entire world population will never be fully in crypto as long as the fiat system is serving them well enough. |
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rainbow169
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October 28, 2017, 11:01:36 PM |
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Bitcoin price prediction really is very hard. The uprising of crypto itself has proven that how fast tech and economy could move in a very short period of time. In the future, AI, quantum computing might again disrupt legacy technology like blockchain including bitcoin.
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aeternus
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October 31, 2017, 08:40:27 PM |
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If the exponential growth will continue and there are no major disasters it should be something like: 2018 = 15k 2019 = 40k 2020 = 100k And so on... I believe that by 2100 we may cease to exist due to some crazy nuclear war so the price won't matter. I wouldn't go as far with the speculations, especially that I'll be long dead. And by 2100 a gallon of milk will probably cost $1000. It's nonsensical to even talk about such numbers, besides the fact that none of us will live to see it. Besides, Bitcoin will be a distant memory by then, it will have morphed into something completely different if not replaced outright.
It will if the dollar doesn't collapse before that. It will become something like those currencies of Vietnam and its neighbours where a cheap car can cost you a couple million in local currency. For example 1BTC = 45 million Lao Kips (LAK) Your predictions are simply too high the exponential growth cannot continue for the simple reason there is not a unlimited amount of cash that we can put into bitcoin so at some point bitcoin growth needs to slowdown and this is good since that is going to give to us some time to accumulate even more bitcoin for the future. |
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aeternus
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November 01, 2017, 10:09:28 PM |
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It's hard to say if by 2140 bitcoins will even be the same technology. I'm sure by then things will have changed so much that what we're using today will be obsolete.
That being said, maybe something better would come along that solved the decentralization issues etc. I'm in for the long haul but getting caught in a rut is not my deal.
We can always change the crypto we are supporting, however it is going to take a lot more than a crypto that is marginally better than bitcoin in order to make any kind of switch, the coin will need to be many times better than bitcoin and that is something difficult to picture at the moment. |
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Rahul20
Newbie
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Activity: 29
Merit: 0
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November 03, 2017, 09:31:30 AM |
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For the topic yes there are only 21 million bitcoin that can be mine and some bitcoin could be lost through the years. If bitcoin becomes really expensive like 1 bitcoin = millions then remember that it has satoshi.we do not know but there could be a time that 1 satoshi can equal to one dollar.Maybe at that huge population that bitcoin will handle it will be satoshi who will be the main trade. If bitcoins stayed obviously! It will reach 1 million in no time.But I think we should first consider if it stays or not before considering the possibility of it reaching millions.
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