Quote from: AZwarel on May 09, 2016, 12:51:13 AM

Quote from: Fakhoury on May 09, 2016, 12:11:47 AM

Thanks for sharing this post with us, AZwarel. Appreciated

Would you please tell us where you see Bitcoin in terms of price in the coming 10 - 15 years ?

Thanks again

I have no idea. As none else has, if they do they lie :-) Best to not be wrong is not give predictions! But i enjoy the subject, so here are a few thoughts, i try to be TLDR;

If You saw that graph from my post, you have seen the potential wealth to growth "from". I can only say what Satoshi said about the 20 years volume (either HUGE, or zero), and volume derives from utility, and utility is a strong indicator of value in any asset class (or currency if that matters). As i have said in my angry rant, a 10.000$/BTC would be still less than 200 billion usd market cap today, which is laughably still nothing, a small mid-east country's yearly GDP with 5 million population, trading effectively raw cotton and some minerals. Nothing.

My point is: 99,9% of the populace could not imagine any useful mass usage in the first DECADE of their time for electricity/combustion engine/computers/internet, and see how most of us would literally die without them today.

To answer your question :-)

I can only say a ratio of BTC versus other store of value assets; i call it the lag of knowledge spread: mass psychosis fueled by both media and daily p2p interactions, greed, FOMO, sudden surge in "i should check this bitcoin thing out" will multiply adoption (hodlers and day-to-day users) by 100-1000 folds by 2020-2025. That is my prediction based on every other similar technology, minus the 2 important facts that: bitcoin can be money, and money is 2nd only to sex for "things worth killing for"; and the physical infrastructure is already layed down - oh and also, concurring currencies are a zero sum system. I mean, people can only have one of these combinations of any two currency with a finite purchasing power:
0-100, anything between 1-99, and 100-0, so when the perceived equilibrium is breached, it is an avalanche effect for the one below the threshold, for none wants to remain in the "dying" currency). From today's 0,004% M2 we should reach up to 0,4%-4% realistically in 10 years.

It does not necessarily means 100-1000x price increase ( i would say more, because it is a self reinforcing, exponentially (cost= N, benefit=N square) increasing network effect, but we must also count in non mathematical elements, like politics, perceptions, which are the exact opposites of economic rationality.

edit: that meant to be 100-1000, but a bit too much whine (the red liquid one, not the angry:)

Thank you for your reply, I've learned a lot from it.

In regards to this pie chart

We are talking about $25K - $250K in the coming decade or so without taking into considerations non mathematical elements, am I right ?