Quote from: GODLIKE on August 01, 2015, 09:47:44 PM

Quote from: foxbitcoin on August 01, 2015, 07:16:35 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.

Even if we reach 1 Million in 10 years or more, how many of us, do you guys think, will be tempted to cash out at 5.000 Dollars? 20.000 Dollars? 100.000 Dollars? Because we'll never be sure if it hasn't been the peak.

You won't be cashing out... ever, if Bitcoin will hold up, because Bitcoin will REPLACE fiat currency.
You will just... use it.

Can you tell how it could replace fiat? I se no possible way that could ever happen. If fiat should fail there is no way to buy bitcoin with that fiat since noone would sell and there is no way of getting bitcoin spread around without everybody buying it.