Post
Topic
Board Press
Re: [2017-05-02]Bitcoin’s Price Moon Bound Breaking $1400 and Climbing
by
richardsNY
on 02/05/2017, 20:54:00 UTC
I can not understand where such forecasts come from with such huge sums. Really really Bitcoin after some years will cost an order of hundred thousand dollars.

Well, the user I quoted just focuses on the 21 million coin cap, and considers Bitcoin to be scarse as result of that. I don't look at the coin cap and see 21 million coins. I see 21 million coins that each represent 100,000,000 satoshis. In reality -- the coin cap of Bitcoin is just under 2,100,000,000,000,000 satoshis/units.

Coin cap in various units.
2,100,000,000,000,000 satoshis.
21,000,000,000,000 Bits.
21,000,000,000 mBTC.
21,000,000 BTC.

See the differences? BTC, mBTC, Bits are nothing more than unit nominations on GUI level. Satoshis are the real deal.