the way i see it, imagine just 11 million people out of the 7 Billion people decide to try bitcoin. and they are not going to invest their whole life savings of $£50k but instead they just want to dabble with $£1k (a months salary)

well for each person out of those 11 million to get 1BTC would end up costing £$1k each as there is only 11mill coins.

in reality though id say half of the coin are being hoarded and not available to be resold. so this would push the price up further to $£2k a coin, where theres only 5mill coins available for all the demand.

I have read in many places that it could even be worth $100,000 a coin.  Granted, that is only if it gains worldwide adoption.  Hence why I post that it is crazy when people call Bitcoin a "risky" investment.  It may very well be the best investment in the history of the world!  I think it is crazy not to take the risk.  There is the risk of not investing too.  I say to my friends just buy one.  If it does become that valuable you will be glad you have one!  If it does not work out, hey, it is cheaper than a trip to vegas and a lot less riskier than that too!  


http://thinkinghard.com/blog/HowBitcoinCouldReachUS$100000PerBitcoin.html

Exactly my thoughts.

In my mind there is no doubt that other exchanges will emerge on the scene.  Just give it time.  Once we have 2-3 stable popular exchanges, things will be incredibly more stable IMO.

exactly this

We don't know where Bitcoin is headed, but I guarantee it will be long road with some very tough times.

I wonder what it would be like if each coin was worth $10,000.  That means that .0001 bitcoins would be worth $1.  If it were to become the defacto currency, do you guys think there would be sub currencies emerge which are based solely on Bitcoins?

The thing is you may be billionaires or millionaires in the dollar, the pound or the euro, but that's only because they've devalued the crap out of it and Bitcoin is simply an honest reflection of how screwed up the major currencies are, the only reason people can spend so much with Bitcoins is because it's held its value against the other currencies far better and the central banks are working hard to keep the illusion that their paper is worth anything going.

Once the major currencies lose their purchasing power and more and more people adopt Bitcoin everyone will probably be a billionaire or millionaire in paper money but in Bitcoin there will probably be only a select few who have thousands or millions of Bitcoin as was the case before with paper money when they didn't go into a frenzy with it.

I think it's nice to see.  I think it would be a nice shot in the arm of Multi level marketing programs and such adopted Bitcoin on a mass scale.  Would certainly bring in a lot of new fans.  Talkgold really isn't a bad forum.  Maybe some of the ads are iffy, but the point of the forum is to help people avoid any scams.