summer209 (OP)
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November 26, 2017, 01:55:02 PM |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
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Quickfant
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November 26, 2017, 01:59:25 PM |
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It should keep increasing as long as there is demand and it should keep on increasing until it hits it's ceiling closer to when the amount of bitcoins are no longer able to be mined and can simply be sent by those who have got bitcoin already.
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ajmapalo22
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November 26, 2017, 02:03:35 PM
Last edit: November 26, 2017, 03:17:41 PM by ajmapalo22 |
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I think no! there come a certain time when the price of bitcoin will become stable and that is when the issue regarding legality and acceptance of bitcoin in the world market has been settled already. I think like a normal currency bitcoin has a fixed value its just that at this moment a lot of correction is happening and I think sooner the value of bitcoin will become fixed.
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Quickfant
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November 26, 2017, 02:05:00 PM |
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I think know there come a certain time when the price of bitcoin will become stable and that is when the issue regarding legality and acceptance of bitcoin in the wirld market has been settled already. I think like a normal currency bitcoin has a fixed value its just that at this moment a lot of correction is happening and I think sooner the value of bitcoin will become fixed.
I don't think stable is going to happen any time soon. We still have a lot of coins which are able to be mined and a lot of uncertainty with the amount of people investing on a daily basis. |
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Red-Apple
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November 26, 2017, 02:07:53 PM |
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nothing rises forever, there is always a cap for everything. and what you say about supply is true but you forgot the demand part, the demand is also limited! it is limited by the hard cap called "number people on earth" and a any time there is only certain percentage of them that would want to invest in bitcoin.
at some point some kind of balance will be reached which will slow down the rise and then it will be normal rises and falls. nothing too fancy. but we are so far away from that point.
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MicroGuy
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November 26, 2017, 02:15:34 PM |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
The price of bitcoin will continue to rise until PoW takes out the earth's power grid, returning civilization once again to dark age in predictable cycle. |
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WarCruz
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November 26, 2017, 02:18:35 PM |
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No there will be crashes were it goes down, nothing goes up forever. but even if there will be a nig crash, i think it will recover. It surves a purpose and maybe it becomes too big to fail  |
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Mister1k
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November 26, 2017, 02:19:07 PM |
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It should keep increasing as long as there is demand and it should keep on increasing until it hits it's ceiling closer to when the amount of bitcoins are no longer able to be mined and can simply be sent by those who have got bitcoin already.
But this type of continous bumps will make the investors to fear to have the bitcoin as their investment. Most of the people will only goes to trading and take a money and leave from the site. That will only happen. If bitcoin is going forward without being stable in the market other than trading no one will look into invest their money to start with the bitcoin platform. I see that today bitcoin as 9050 USD in the chart really panic now to have the bitcoin in the wallet whether it is bump or dump in the chart. |
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teilwalL05
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November 26, 2017, 02:20:24 PM |
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I think know there come a certain time when the price of bitcoin will become stable and that is when the issue regarding legality and acceptance of bitcoin in the wirld market has been settled already. I think like a normal currency bitcoin has a fixed value its just that at this moment a lot of correction is happening and I think sooner the value of bitcoin will become fixed.
I don't think stable is going to happen any time soon. We still have a lot of coins which are able to be mined and a lot of uncertainty with the amount of people investing on a daily basis. Yes we still have lots of coins to mined and there will be a time that we can no longer mine for bitcoin if we hit the ceiling and I think it will be on the year 2140 or something regarding the speculation for the last bitcoin to be mine, and then that will be the time that we can see the market cap of bitcoin we if can reach that certain point, but for now let's just be thankful that we can have a long way ahead of us so we can mine, trade, invest and earn for more bitcoin. |
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Kotone
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November 26, 2017, 02:21:29 PM |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
As long as there is a demand and a stable market then we can expect it to continue to trend upwards. HOwever we must alsi stay alert and vigilant for its dips and lows as these are also a part of it getting higher as it experiences a myriad of factors in its trajectory |
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Cointertrade
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November 26, 2017, 02:24:03 PM |
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Since the total number of bitcoin is fixed, so the value of bitcoin will keep grow, and it's price will keep grow also. So will there a price cap for bitcoin?
I think it's not it wouldn't be forever increasing because it is not stable. So expect that there will be pump and dump. But then again the price of bitcoin will grow because of the number of people who are now using bitcoin. |
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Chris314
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November 26, 2017, 02:24:14 PM |
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If we suppose that Bitcoin will take the place of fiat currencies in the future (meaning everybody in the world is paid in btc, and use btc as a currency), then usd will worth hardly anything and bitcoin will worth a lot compared to $.
So yes I think bitcoin price can raise for quite a long time, not only because bitcoin has limited number of coins (and number of btc really used will go lower once every coin has been mined because everyday some coins are lost), but also because fiat currencies we compare bitcoin to will decrease in value.
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hasmukh_rawal
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November 26, 2017, 02:26:07 PM |
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Bitcoin will increase in price for a longer time but not forever. As the supply is limited there is a huge demand for in the market.
As long as the demand is there in the market the price will continue to increase. Once the supply is over there will be a non volatile market.
The price might become stable at that point of time. There are also chances for BTC to crash when all the coins are mined.
The price of bitcoin will be constant from then.
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seasonw
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November 26, 2017, 02:26:20 PM |
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Forever means until the end of bitcoin? Or the end of the world? If you meant the end of bitcoin, then the answer is false, because usually before a new era comes in, old era will shrinkage slowly...
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TimeTeller
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November 26, 2017, 02:28:25 PM |
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If we suppose that Bitcoin will take the place of fiat currencies in the future (meaning everybody in the world is paid in btc, and use btc as a currency), then usd will worth hardly anything and bitcoin will worth a lot compared to $.
So yes I think bitcoin price can raise for quite a long time, not only because bitcoin has limited number of coins (and number of btc really used will go lower once every coin has been mined because everyday some coins are lost), but also because fiat currencies we compare bitcoin to will decrease in value.
You have a point on that. But time will tell to how much the bitcoin price will gonna be. Everything is possible now with the digital age. And from the look of it, bitcoin will continue to soar high. This is pretty exciting for those bitcoin hodlers. |
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Wulanayu
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November 26, 2017, 02:28:33 PM |
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Yes I agree with you, because all this time since the founding of bitcoin until now the price is really fantastic hikes, although fork it goes down a bit and from the fork it actually pumps bitcoin price. So can be sure the bitcoin price will continue to rise and continue until the world is over.
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iqlimasyadiqa
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November 26, 2017, 02:31:16 PM |
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Yes I agree with you, because all this time since the founding of bitcoin until now the price is really fantastic hikes, although fork it goes down a bit and from the fork it actually pumps bitcoin price. So can be sure the bitcoin price will continue to rise and continue until the world is over.
The more people who believe in Bitcoin will always be able to increase the price of Bitcoin. When people believe in Bitcoin then they will use Bitcoin, This is the reason that Bitcoin has a chance to have a much higher price than it is today. This is the momentum that will continue to happen all the time, the longer Bitcoin will be more valuable. |
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BossMacko
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November 26, 2017, 02:31:29 PM |
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I am also expecting that Bitcoin price will go up in the long term because we have a fix supply of Bitcoin, and also i am thinking that a day will come wherein satoshi convertion will have a lot of value for example 0.00000001 have a Big value because of the limit of Bitcoin supply. But who knows Bitcoin might die soon as we expected but until that time happen i keep going invest in Bitcoin since i already profit and the one i am investing in Bitcoin is already my income.
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Direwolve735
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November 26, 2017, 02:31:50 PM |
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I think the cost of Bitcoin grows only because of the rush around him. Bitcoin has unique features - this is the first crypto currency, it is the most famous, it exists longer than the other crypto-currencies. Meanwhile, the cost of Bitcoin can not grow forever. We are presented with new, improved crypto-currencies today, and the excitement around Bitcoin may soon fade away, sharply lowering the cost of this currency. The price is heated by demand: if demand falls, Bitcoin will cease to grow.
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Funeral Wreaths
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November 26, 2017, 02:32:03 PM |
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I think know there come a certain time when the price of bitcoin will become stable and that is when the issue regarding legality and acceptance of bitcoin in the wirld market has been settled already. I think like a normal currency bitcoin has a fixed value its just that at this moment a lot of correction is happening and I think sooner the value of bitcoin will become fixed.
I don't think stable is going to happen any time soon. We still have a lot of coins which are able to be mined and a lot of uncertainty with the amount of people investing on a daily basis. Yes we still have lots of coins to mined and there will be a time that we can no longer mine for bitcoin if we hit the ceiling and I think it will be on the year 2140 or something regarding the speculation for the last bitcoin to be mine, and then that will be the time that we can see the market cap of bitcoin we if can reach that certain point, but for now let's just be thankful that we can have a long way ahead of us so we can mine, trade, invest and earn for more bitcoin. as for now also the number of people who wants to invest in bitcoin is increasing, so that means the demand is increasing. there will be a time for that, and actually I am not thinking what could it be to the next generation, i or should we say we are already happy and lucky to be part or witness bitcoin's growth, and knowing that it has changed so many lives, its really a great honor and opportunity. |
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