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Author Topic: The price of Bitcoin, if it succeeds  (Read 1458 times)
grendel25
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January 18, 2015, 04:20:20 AM
 #21

There is a lot of talk about at what price BTC is supposed to be. This statements are mostly based on the past price of BTC.
E.g. "It can't be 1000 USD/BTC today since it was just 130 USD/BTC 2 years ago"
I think, that is a pretty bad way to look at it.
The best way, I can think of, is what has the price to be, when a certain amount of people use it. Imagine in 10 years 100 Million people worldwide are using Bitcoin in some way(I don't want to discuss, if that is a good estimate, since the title of the topic is "if it succeeds"). Looking at the current market cap of ~$ 3 billion, that is just not enough. That means that everybody can just use an equivalent of average 30 USD.
Any other suggestions on how to determine a good price?

It all depends on the demand and interest in btc.  But it's also important to look at the obvious stumbling blocks such as security and the more and more prevalent understanding that btc is not as anonymous as many believed.  But the security aspect is definitely the price crippling agent in my opinion.  There's just too much general uncertainty and even if we all agree on what the price should be, rather or not it succeeds, it really doesn't matter until btc is further established and businesses that act as "exchanges" do their part to actually ensure security.

Actually, btc has already succeeded and look at where we are.  Huge volatility and no agreement in price stabilization.


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muhrohmat
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January 18, 2015, 10:18:01 AM
 #22

lets assume all the btc will rise the price betewwn may and october 2015 soo like 300 to 500 dollars but thats just my assumption the btc its slowly degrading the last few months

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January 18, 2015, 11:32:33 AM
 #23

yea bitcoin price going crazy at middle of this all
let see what the best price in 2015

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January 18, 2015, 03:34:25 PM
 #24

it should be very high

simple math tell me that with only 21M it should be 10K-100k at the very least
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January 18, 2015, 03:38:13 PM
 #25

it should be very high

simple math tell me that with only 21M it should be 10K-100k at the very least
Could you walk me though that math?

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January 18, 2015, 06:27:39 PM
 #26

IMO, I don't think the price of BTC will ever be correlated to its stability unless there are regulations in place. It doesn't matter if there are 10 coins available or 21M; as more fiat money is dumped in (assumption), the price will rise (perhaps), but this does not equate to long-term stability.
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