Quote from: pawel7777 on June 21, 2018, 12:41:31 PM

Quote from: Pursuer on June 21, 2018, 08:43:14 AM

Quote from: BitcoinNewbie15 on June 20, 2018, 10:02:01 PM

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However, with Bitcoin's block reward being 12.5 currently, that means each block reward would be $625,000. This comes out to $90 million per day on average.

not sure how you are calculating these numbers! bitcoin price is currently $6700ish
12.5 * $6700 = $83,750 per block
24 hours/day * 6 blocks/hour * 12.5 BTC/block = 144 blocks/day * $6700 = $964,800
you can round this up to $1 million. where did you get $90 million from?

He's clearly talking about the hypothetical $50k per 1 BTC scenario ($625k/12.5=$50k).

I agree there's a common-sense limit on BTC price expectation. I don't see how BTC could reach sustainable ~$50k without making a significant improvement in terms of adoption and usability. So we'd need either: 1) BTC establishing itself as a currency of alternative global economy (where large number of people actively spend & earn in BTC); or 2) some apocalyptic scenario, i.e. global financial system collapse, where people lose faith in fiat currencies altogether.

Of course, BTC could hit even $100k with market manipulation/speculation alone, but I wouldn't expect cryptos surviving for very long being only a speculative assets.

oh, I missed that!

more than a year ago when price was below $1000 the same situation was going on.
12.5BTC being generated each day which was $1.8 per day. people weren't even imagining that in a year this would rise up to $36 million per day. but it happened.
2 years ago this was not even $1 million per day. and before that it was even lower even though reward was 25BTC per block.
currently the daily trading volume of bitcoin is in billions of dollars per day (between $3-5 billion) so why is it so hard to see price go up 2.5x from the last ATH? we are still far from mass adoption. there is only 1% or less of the whole world who have invested in bitcoin if that number increases to 2% price should go to $50k!