Quote from: TheUltraElite on October 14, 2019, 08:10:59 AM

Quote from: josephrioveros123 on October 14, 2019, 07:56:28 AM

What if there is no other crypto currency or alt coin. How does it affect the price of the bitcoin. How high is the value of bitcoin in your opinion.?

Then it would be same as what fiat is today. People would decide on a price for different articles in the marketplace and buy then as per their needs. The only thing is that deflationary supply makes it rise in price and inflation would not happen. Prices of stuff would decrease in the long run instead of increasing, because the bitcoins are being rarer.

But it does not mean that if such an economy would exist then another currency would not come into view. Gold and precious metals would always exist and they have a bustling market as well. In the absence of fiat, what you hypothesize of, precious metals would become similar to money tenders.

I guess if that was the thing the bitcoin will have a high price in the market considering the number of investors if all of the alternative token investor was also going to invest in bitcoin for sure the bitcoin market price surely will increase. Also, the standard price of bitcoin will be higher probable the price will go up and down in 40000$ - 50000$ in my opinion. The more investor the bitcoin will get the more the market price of bitcoin will rise in the coming years the demand for bitcoin will rise for sure at any point.