Quote from: Possum577 on August 01, 2015, 08:00:27 PM

Quote from: GODLIKE on July 30, 2015, 03:11:58 PM

Quote from: jjacob on July 30, 2015, 03:07:17 PM

Quote from: AtheistAKASaneBrain on July 30, 2015, 03:03:32 PM

Quote from: GODLIKE on July 30, 2015, 03:00:51 PM

What will be the value of one Bitcoin when the number of users (people that will want to use Bitcoin) will hit 21 millions?

At this point, if each user wanted to have 1 Bitcoin, will have to pay a certain number of $ or or Y, whatever. I'm going with $ just because it's the most used around the world.

How many $ do you think that person, the n. 21 millionth, who wants to buy 1 BTC will have to pay to obtain it?

My wild guess is: 160000 $.

A lot more than we thing probably. Always take into account there are way less coins available than 21 million, a ton of them are lost forever, and a lot more aren't even mined yet, so if that threshold is surpassed the price goes higher. I cant honestly give you an exact number. I like the Xapo's CEO prediction: between 500.000 and 1 MM dollars.

Not to forget Satoshi's coins, which I think will never be used.
21 million users is not too outrageous. It is just 2% of facebook's active users.
I would say $10k will be breached when this happens.

I don't know, I think that when we will be heading towards 21 millions users, there will be so much rising in request already that the price will blow up in unpredictable manner.
It will probably also spike up into a bubble and then fall back down to the real value.
And I think Satoshis will much probably be used before 10 years from now.

21Million users is different from 21 million coins in existence. We'll probably hit 21 million users long before the 21 millionth coin is mined (which is expected to happen in over 100 years). Remember that the mining package won't be in single coins at that point, it's possible that the 21 millionth coin is never mined because it would be way to expensive to do so. Perhaps the person that earns that coin is the one who mined it, for nostalgic sake.

Of course it's like you say: that 21 millionth user I chose is just to make a "round count" with all the BTC that can ever be mined.

We are already more than 1 million around the globe now, probably around 1.5 millions.
I think we'll be 2 millions by the end of 2015.
Considering a geometric growth, we'll probably be 4 millions by the end of 2016 (I still take into account the fact that ALL of us actually using Bitcoins are open minded, tech savvy, more or less young guys, and for the rest of people it's more difficult to make them Bitcoiners, so there WILL be a brake into mainstream penetration, to geometric growth).
7 millions by end 2017.
12 millions by end 2018.
We'll probably hit 21 millions Bitcoiners before end 2019.

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I wonder what your price would be in present value dollars (accounting for inflation over the next 120 years)? The value of today's Dollar would only have to inflate 551x for $160,000 when the 21 millionth coin is mined to have the spending power of today's $290.

Mhhh don't consider the 21 millionth bitcoin, but the 21 millionth BITCOINER Grin

If my prevision is right, by 2019, the 160000$ growth may be even very underestimated.
Now more actors are coming into the game: banks, credit cards, altcoins and more.
There will be a period of "natural selection" that could keep slowing down Bitcoin adoption while people try this and that altcoin or credit card alternative, only to find that, in the end, Bitcoin is really all they need Cheesy