Quote from: JayJuanGee on July 06, 2016, 08:32:45 PM

Quote from: jangloos on July 06, 2016, 07:40:31 PM

I don't agree Bitcoin is going to be this worth ever. All this is just hype under emotional attachment to Bitcoin. I love Bitcoin and blockchain technology but it will never be worth more than few thousands of dollar. We need to lower our expectations to avoid the disappointment if this never happens. I have guess about 2000 $ maximum for a Bitcoin price.

I agree with you that we do not either put all of our eggs in the 5x or 10x basket or place those kind of high BTC price appreciation expectations as inevitable, yet that does not mean that bitcoin is not going to have a decent likelihood of continuing to serve as one of the best investment vehicles for the coming years...

The fact of the matter is that currently, there are a lot of strong fundamentals regarding bitcoin, whether that results in exponential price increases or not.

jangloos, you don't have any idea, either, regarding the future of BTC prices, and your self-imposed perception limit of $2,000 per BTC seems to be caught up in unit value thinking rather than an assessment of market capitalization and overall value added.. .. which $2k seems to be quite arbitrary and unrealistic, considering BTC fundamentals, including investments into it and an amazing computing power that continues to increase into hashrate territories never before seen by mankind.

If we go with your maximum expectation of $2,000 per BTC, that is a marketcap of $40 billion... and very small companies such as linked in and what's app have sold for less than that.. and $40 billion seems kind of mediocre to me if you consider the value added of bitcoin compared with some of those other companies that sold for less... but sure, you can limit the growth potential of BTC (in your own mind) all that you want in order to not be disappointed.

I personally am prepared for BTC price movements in either direction, but I also invest in BTC, in part, because I continue to believe that it has ongoing development that continues to justify fairly decent upside potential, and there is even potential in the $1 million per coin territory (believe it or not), but yeah, I am not dumb enough (and no one else should be either, even if they perceive the possibility) to expect as inevitable that $1million per coin is going to come as any kind of certainty (beyond maybe 1% in 10 years or something like that), but with bitcoin it is continuing to develop and evolve, so what was considered 5 years ago may need to change based on today's considerations and 1 year from now or 5 years from now, we may need to reconsider our assessments and expectations of bitcoin also based on factors and developments currently unknown.

We are not locked into our current perceptions and assessments of bitcoin, and nothing is absolute, including your lowball $2k per BTC maximum assessment.. which, yeah, you could be correct that is what happens, and it could be correct that bitcoin never sees $700 ever again...

Yet, nonetheless, you should recognize your own seemingly self-imposed limitations in your thinking to suggest, never beyond a certain price point, and you need to consider BTC's price situation in terms of probabilities and not absolutes.

It's already difficult making assuptions and speculations in terms of absolute values. Probabilities would be better, but this way you lose the point of an estimation. The estimation is a simple idea of what is it worth for you. If you put probabilities you could have an infinity number of estimations which makes no sense.