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It's contemplating these returns and seeing the price still going up that leads people to continue jumping in to buy at any price level. Is there an upper limit

• xiphias 9y ago
  About 1000x value from now. That's when all fiat currencies hyperinflate. It's scary to think that it's not that far away, about 10-20 years from now if the crypto adoption trend continues.
• SAI_Peregrinus 9y ago
  Of course there is an upper limit. But because there are more people available it's higher than in smaller bubbles.
• whytaka 9y ago
  According to some reports, the entirety of the world's current wealth is measured to be north of $240 trillion dollars. [1] There will only be 21 million bitcoins ever. Let's say we were to measure all of our wealth in bitcoins, and let's say we already have all the bitcoins ever to exist available now. Then each bitcoin could be the equivalent of what $11,428,571.43 is to us today. [1] https://publications.credit-suisse.com/tasks/render/file/?fileID=BCDB1364-A105-0560-1332EC9100FF5C83 https://publications.credit-suisse.com/tasks/render/file/?fi...
• tim333 9y ago
  When more people are trying to buy bitcoins rather than sell there's no real limit. I could offer $1 of a millionth of a coin and lo the price would be $1m if that's what buyers hold out for. However when more people are selling than buying, which will happen from time to time then the price they fetch will be limited by the amount of money out there. If 1m bitcoin go on the market at $1 each it's not so hard to find people with $1m to buy. If 1m go on the market at $10k each that means you need buyers with $10bn knocking around which would be harder.