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Clement Kaliyar

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Quote from: Csmiami on May 15, 2017, 03:59:25 PM

Trump in the USA, Putin in Rusia, the Korean situation... doesn't that look like a war about to begin?

We have two unstable minds in USA and Korea and none of the presidents had the guts to question the activities of Korea till now and it is simply because they have nuclear missiles and it is not like going to war against Iraq ,Syria or Afghanistan because US knows that they are not capable of defending themselves but that wont be the case with Korea.
No comments for the $1M prediction. Tongue

Csmiami

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and possibly if prizes grew that much, I believe that the saatoshis would be fragmented to make it reachable for everyone, and making us "senior" users (because when that happens that's what we'll be) kind of rich out of the blue (and faucets)

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Quote from: Victorycoin on May 15, 2017, 04:00:43 PM

We all agree Bitcoin is headed for the moon, but let stop mixing day dreams with realities. Such staggering value as $1M per Bitcoin and for an instrument the governments dubbed the favorite of criminals, would never be allowed to become that formidable and render all fiats irrelevant and valueless.

And Venezuela never thought they woulds see 100% inflation. So anything is possible.

ethereumhunter

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i think its need more time to see bitcoin price is at $1M because we don't know when the price is suddenly increase in that price but i am sure that if more people is know bitcoin and they do many things using bitcoin, then the bitcoin price will be at $1M like the OP said and we only have to waiting when that moment is come.

Csmiami

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Quote from: Victorycoin on May 15, 2017, 04:00:43 PM

We all agree Bitcoin is headed for the moon, but let stop mixing day dreams with realities. Such staggering value as $1M per Bitcoin and for an instrument the governments dubbed the favorite of criminals, would never be allowed to become that formidable and render all fiats irrelevant and valueless.

and how would they do that? removing internet access worlwide?

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Quote from: botolo86 on May 15, 2017, 03:54:29 PM

and assuming that Bitcoin gets 50% of this

There is a competition of currencies, and BTC is only one of them.

Victorycoin

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We all agree Bitcoin is headed for the moon, but let stop mixing day dreams with realities. Such staggering value as $1M per Bitcoin and for an instrument the governments dubbed the favorite of criminals, would never be allowed to become that formidable and render all fiats irrelevant and valueless.

Csmiami

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Quote from: surix on May 15, 2017, 03:13:00 PM

With the current trend, 2k target is very likely, 4K is quite likely in 2018. 10k may be possible before 2020 if capacity issues are solved successfully and main stream start to accept it.
If I remember well, 6k bitcoin price equal to 1% of investment in gold flow into BTC.
Anything beyond that means BTC must be hugely successful and the whole world in looking to buy it, like in the unfortunate situation of war or collapse of a major currency.

Trump in the USA, Putin in Rusia, the Korean situation... doesn't that look like a war about to begin?

botolo86

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If the total money in circulation is about $75 trillions

https://www.quora.com/What-is-the-total-amount-of-money-in-the-world?srid=Vkiw

and assuming that Bitcoin gets 50% of this, it would mean that we have Bitcoin's market cap at $37.5 trillions. By using some proportions, it means that 1 BTC would be equal to $2,343,750.

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Quote from: surix on May 15, 2017, 03:31:19 PM

But the current trend since several weeks is very much going upwards.

If You like counting weeks, this is a first week, when it go down.

picot

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The main reason that bitcoin continues to rise is because at the moment it is the only current form of payment to acquire the other criptomonedas, which in operation and speed take light years to bitcoin. At the moment the users of bitcoin depend on the good decision taken by the developers involved in the scalability of the currency, otherwise bitcoin tends to drastically lower its value.

surix

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Quote from: webcam_models hiring on May 15, 2017, 03:16:38 PM

Quote from: surix on May 15, 2017, 03:13:00 PM

With the current trend

Put please the picture of Your trend vision.
It go down clearly.

Very short term trend yes, we are having an adjustment. But the current trend since several weeks is very much going upwards.

Zicadis

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Quote from: CriminologyProf on May 15, 2017, 12:46:55 PM

I've seen a lot of hype around certain people predicting Bitcoin will be valued at $500,000.00 to $1,000,000.00 in the future.

Those certain people are traders who understand the power of speculation on the market

Quote

If Bitcoin reached $1M, that would mean 1 Satoshi would be equivalent to 10 cents USD, which could raise some issues for rounding with smaller transactions if Bitcoin gets a much wider use in the future, which could open up a whole new bucket of confusion with scaling. Would Bitcoin start being divided even more? Such as with fractions of a Satoshi?

Bitcoin getting such a value will certainly need a hard fork to accommodate smaller denominations like the $1 or $5 as opposed to rounding off.

Quote

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

So what do you guys think is a realistic "best case scenario" value for Bitcoin in the future? $10,000? $100,000?

$1 Million is too high for an expectaation!
If ever the etf gets approved we might get there and bitcoins self supporting mechanism of halving also increases bitcoin value so i would say 10 grand easy catch.

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Quote from: surix on May 15, 2017, 03:13:00 PM

With the current trend

Put please the picture of Your trend vision.
It go down clearly.

surix

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With the current trend, 2k target is very likely, 4K is quite likely in 2018. 10k may be possible before 2020 if capacity issues are solved successfully and main stream start to accept it.
If I remember well, 6k bitcoin price equal to 1% of investment in gold flow into BTC.
Anything beyond that means BTC must be hugely successful and the whole world in looking to buy it, like in the unfortunate situation of war or collapse of a major currency.

jameshowlett

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No. Keep it in your dream. Bitcoin can never surge pass that price because it is not as good as it needs to be to reach $1000000. Therefore, I think bitcoin can only reach $15000 maximum. Dont try to think that it will get even higher. Other altcoins will take its place. I can guarantee that

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Quote from: Dragonkiller on May 15, 2017, 02:52:35 PM

I see bitcoin going to $10k not more then that.

What You see it in this moment?

andreibi

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With the way Bitcoin developers and the community are acting, a solid no.

Dragonkiller

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Quote from: canvan on May 15, 2017, 02:47:15 PM

Not realistic at all imo, the maximum is probably about a tenth that, 100k$ and its far from a sure thing it will ever reach that high.

I agree with you that its not possible to achieve the price in millions in future as that seems to be an unrealistic value to expect from bitcoins and even I don't think that it can achieve the price of $100k and maximum I see bitcoin going to $10k not more then that.

canvan

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Not realistic at all imo, the maximum is probably about a tenth that, 100k$ and its far from a sure thing it will ever reach that high.

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