Quote from: Hashminers on June 16, 2016, 01:16:01 PM

Quote from: Zooplus on June 12, 2016, 05:54:56 AM

Quote from: silentkiller on June 11, 2016, 01:10:46 PM

Quote from: vitod on June 11, 2016, 08:16:02 AM

After few years bitcoin price maybe $5000 or already replaced by other currency.

even if the price of bitcoin is 5000$ still not enough to replace the other currencies we all know,
if we accept bitcoin as a currency, bitcoin must have a fixed price.

The price will always be not the reason to replace other currency but the value of the a certain currency, the value where we can benefit from using it and can beat the features of other currencies, with bitcoins we can transact fast and safe, the charges is really minimal and that is one of the essentials of bitcoin that is worth patronizing for.

Easy. Nobody has any idea what the price of a bitcoin will be in 20 years. I think it is more likely to be $0 than $1,000,000, and much more likely to be $100 or $10,000. It is easier to just assume it will be whatever price it is now. So, ...

1. Decide how much money you need to live comfortably: $1,000,000.
2. Divide by the current price: $600
3. You need about 2000 BTC.

2000 btc is a huge amount and everyone cannot afford to hold that high amount, and it also depends on in which country you are living in, its better to hold descent amount of coins.