Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: The future of bitcoin
by
Supercrypt
on 19/10/2015, 07:36:00 UTC
Quote from: Kevin77 on October 19, 2015, 02:50:01 AM
Quote from: jeffthebaker on October 18, 2015, 10:39:24 PM
Quote from: Franciem on October 14, 2015, 01:36:04 AM
in future im sure bitcoin will be stable at ~$500 (after mining ended)
more country will be use bitcoin, and bitcoin will be number 1 online payment

If the price of Bitcoin is just $500 per coin after practically all have been mined, then it means Bitcoin never caught on to mass adoption and is ultimately only used for speculation. $500 per coin puts Bitcoin's value at just 10.5 billion, and with consistent inflation I imagine that number is actually of lesser value than today's market value.

On the event of halving people are expecting bitcoin prices just would double. From past records and analysis halving will trigger bigger buying pressure to flow in new money into bitcoin eco system causing bitcoin prices to claim at least 10 times of current prices.

Yes bitcoin futures are dependent to every halving scheduled every 3.5 years to 4 years. So, we can expect a brighter future for bitcoin on the event of halving. When miners get small amount as block reward and selling price will be reduced thus the requirement for bitcoin will raise leads to better price for bitcoin.