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Author Topic: What will be BTC price when it reaches 1 billion users?  (Read 73 times)
fritzwalter195
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April 30, 2018, 06:31:04 PM
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Any thoughts? It will be higher or lower?  Grin
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April 30, 2018, 08:01:47 PM
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Any thoughts? It will be higher or lower?  Grin

Your question seems a bit illogical.. ( Or too logical  Grin)

Ofcourse the price is going to be higher if more people use it. Less supply (people will keep losing coins over time) and more demand/people that want to have/use it.

I however am interested in seeing how Meltcalfe's law works with cryptocurrencies, ( defining the value of seomething based on the amount of users it has). (If it is applicable at all here.)


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April 30, 2018, 08:38:13 PM
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Any thoughts? It will be higher or lower?  Grin

Your question seems a bit illogical.. ( Or too logical  Grin)

Ofcourse the price is going to be higher if more people use it. Less supply (people will keep losing coins over time) and more demand/people that want to have/use it.

I however am interested in seeing how Meltcalfe's law works with cryptocurrencies, ( defining the value of seomething based on the amount of users it has). (If it is applicable at all here.)



I was wondering if the scalability gets solved until there, how this will affect BTC price...
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April 30, 2018, 09:26:53 PM
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If all 1 billion user is only holders then it has a lower chance of increase, but if the bitcoin revolve and circulate as regular money then the price may increase portion by portion since money does keep on coming inside the market.
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May 01, 2018, 03:09:41 AM
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Any thoughts? It will be higher or lower?  Grin

Your question seems a bit illogical.. ( Or too logical  Grin)

Ofcourse the price is going to be higher if more people use it. Less supply (people will keep losing coins over time) and more demand/people that want to have/use it.

I however am interested in seeing how Meltcalfe's law works with cryptocurrencies, ( defining the value of seomething based on the amount of users it has). (If it is applicable at all here.)


How does Bitcoin price fall and rise?

Exactly the same as any commodity price in the world falls and rise. The law of supply and demand. It never goes out of fashion, does it?

The price of a bitcoin is tied purely to the laws of supply and demand. In other words, the price is determined only by what the market contributors are willing to pay. If more people want to buy bitcoins, then the price will increase. If more people want to sell, the price will decrease. That’s how it works. Pretty much the same?

But why does it fall and rise so often? or why is so much volatile?

Boom - More and more people are finding out about it and they want’s their hands full.

Relatively small market size - Bitcoin’s value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the Bitcoin price more significantly. This discrepancy will decrease naturally over time as the currency matures and the market size increases.

There are many other factors involved but I guess these are the important ones.
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May 01, 2018, 03:26:49 AM
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If all 1 billion user is only holders then it has a lower chance of increase, but if the bitcoin revolve and circulate as regular money then the price may increase portion by portion since money does keep on coming inside the market.

Actually, even if majority of the 1 billion users are holders a price increase would still be expected as holding bitcoin is pretty much like significantly decreasing the bitcoin in circulation. 1 billion users with lots of holders would be high demand with even lower supply.

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May 01, 2018, 03:41:03 AM
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Any thoughts? It will be higher or lower?  Grin

Your question seems a bit illogical.. ( Or too logical  Grin)

Ofcourse the price is going to be higher if more people use it. Less supply (people will keep losing coins over time) and more demand/people that want to have/use it.

I however am interested in seeing how Meltcalfe's law works with cryptocurrencies, ( defining the value of seomething based on the amount of users it has). (If it is applicable at all here.)



I was wondering if the scalability gets solved until there, how this will affect BTC price...

The lightning network has the potential to solve scalability issues. We just need to wait for the devs to make it easy and stable enough to use.

If you're interested you can read more about it here: https://lightning.network/

MarioSPGroup
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May 01, 2018, 08:05:29 AM
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If there would be really 1 billion holders, bitcoin would be amazingly expensive.
The people firstly have to buy bitcoins. If you do the maths and everyone buys just 1k of bitcoin, the market capitalization would be 1Billion * 1000 .
Thats almost ten times higher, than the current cap. For sure there are people who invest less or even much more. So the price of one can easily be at 100k-150k at that time.

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May 01, 2018, 09:45:35 AM
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Any thoughts? It will be higher or lower?  Grin
More investors will make the demand higher and higher market cap will evolve to the crypto economy. There are total of 17 Million bitcoins in rotation and few more bitcoins left are about to be mined but it will take hundred year before it will be out of supply. And not all these 17 million supply are in the hands of users, there are lost bitcoins forever so that makes the supply lesser which will make the price higher.

I was wondering if the scalability gets solved until there, how this will affect BTC price...
Positive answers are there and we have to wait until it was lock off.

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June 15, 2018, 09:17:21 AM
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Any thoughts? It will be higher or lower?  Grin
Relatively small market size - Bitcoin’s value can be volatile when compared to more established currencies and commodities. This can be attributed to its relatively small market size, and it means that a smaller amount of money can move the Bitcoin price more significantly. This discrepancy will decrease naturally over time as the currency matures and the market size increases.
I look forward to it
 Cheesy
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