Biodom
Legendary
 Offline
Activity: 3752
Merit: 3869
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July 03, 2014, 10:24:17 PM |
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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion
How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions
91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy. There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin. It is typical for millionaire home offices to allocate at least 5% to alternative investments. If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%). This does not even take into consideration the other 99.4% of the humanity. |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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July 04, 2014, 12:04:53 AM |
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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion
How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions
91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy. There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin. It is typical for millionaire home offices to allocate at least 5% to alternative investments. If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%). This does not even take into consideration the other 99.4% of the humanity. This is bullish, but long-term. Most millionaires are not remotely interested in bitcoin yet. |
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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InwardContour
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July 04, 2014, 12:13:18 AM |
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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion
How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions
91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy. There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin. It is typical for millionaire home offices to allocate at least 5% to alternative investments. If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%). This does not even take into consideration the other 99.4% of the humanity. Every one allocating their investments in the same way can lead to economic devastation as prices would crash when there is a small economic decline causing people to sell a modest amount of their investments. |
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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July 04, 2014, 01:08:37 AM |
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Sure, if no one sells for less than $1000000 than a bitcoin would be worth $1000000  the problem is you can't make everyone agree to sell for a set price, that's why it's an open market. |
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vuduchyld
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July 04, 2014, 01:23:06 AM |
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those shouting for a price rise now are usually those that hold only 1btc or less, they want to turn pennies into millions.. purely to then go back to fiat and let the bankers profit from their fiat.. missing the whole point of bitcoin
smart people want more innovation within bitcoin to expand first. and have proper experienced people making proper exchanges, shopping, services. rather than basement dwellers making basic php/sql exchanges in the evenings between college.
no point asking for a price rise just for the sake of fiat lovers. always best to get the innovation and infrastructure in-place first. and give people more opportunity to buy in. then the price will continually rise at a stable rate and ensure bitcoin community truly flourishes.
Great post |
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kireinaha
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July 04, 2014, 01:26:06 AM |
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I lol every time someone says that bitcoin needs more publicity and marketing to succeed. That NASCAR promotion really worked out well for dogecoin, didn't it? This is a currency, not a soft drink and we don't need Super Bowl commercials or other bullshit like that. On the contrary, all that does is reinforce the idea that bitcoin is some kind of pyramid scheme to all the detractors out there.
Bitcoin spreads by word of mouth. How else do you think it went from $12 to $1200 in 2013? Somebody invested, made money, told their friends who then also invested and told more friends. I don't see that pattern breaking any time soon.
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Night gathers, and now my bitcoinwisdom watch begins.
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Malin Keshar
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July 04, 2014, 01:48:54 AM |
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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion
How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions
91.5 billion of pure expenditure would push the price far into the tens of thousands. There's an awful lot of those 13 million or so coins that are lost or impossible to buy. There were 29 million millionaires in the world in 2012 (probably more now). Each of them cannot get even a single bitcoin. It is typical for millionaire home offices to allocate at least 5% to alternative investments. If, instead of 5%, bitcoin will become just 1% of millionaires investment, the price at the equilibrium would have to be $40000 to achieve this allocation (1%). This does not even take into consideration the other 99.4% of the humanity. This is bullish, but long-term. Most millionaires are not remotely interested in bitcoin yet. emphasis on yet. Some are not yet, but others are heavy in already. Others entered the millionaire group due to bitcoin. |
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Newbie1022
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July 04, 2014, 02:37:46 AM |
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$1000 to $1500 by October... non-stop good news + student loan gamblers + despair + stock market's traditional summer lag + increasingly secure exchanges and wallets + Chinese economic problems + some movement on the Google Trends dial = things are about to get real real.
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fluidjax
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July 04, 2014, 09:40:59 AM |
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We all have the power to increase the price of Bitcoin, just buy more, but perhaps we don't have the means.
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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July 04, 2014, 09:48:55 AM |
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Total bitcoins avaliable: 12,976,600
If 5000 each, market cap would be around 100 billion
Current market cap is around 8.5 billion
How grow up bitcoin price to 5k: put 91.5 billions of fresh money there. Seems harder than walk to millions to billions
Patently false. The market cap is simply the price of a single coin multiplied by all the coins in existence. However if you tried to buy or sell that number of coins the price would massively fluctuate. It only takes a relatively small amount of direct currency investment to drive the price up (or selling to drive it down) in comparison with the market cap because the market is so thin. This is what will drove previous bubbles and what will drive the next. Hopefully with an ETF providing even more of a liquidity suck. |
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