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Abiky

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Quote from: Webetcoins on April 09, 2022, 10:42:12 AM

How is inflation and the btc price related? or why can inflation up the price? I know that when there's an inflation, the price of the goods are rising but I heard this also leads for people to invest, is that what you guys mean?

More people will invest in btc the more/higher the inflation have become but be careful what you ask/wish for as hyperinflation can happen but isn't this a bad thing for the economy and the way we people live? Are we sure we need this only to see bitcoin reach that 1milion dollar that most of us are assuming? Why can't we just do it on a natural way without harming the innocent individual only for our own good. There will still be a demand for btc with or without inflations.

If you know a thing or two about "economics" you'll notice that inflation makes things go up in price at a fast pace. By logic, something that's scarce (such as Gold and Bitcoin) should be able to go up in price as demand increases like crazy. More demand = higher price in the short term. If demand continues to be high for Bitcoin, then it's probable it'll reach $1m by 2030.

I'd advise anyone to buy Bitcoin now while it's still "cheap" before it's too late. The current bear market made Bitcoin go below $40k of its latest ATH (which was around $60k). If you take advantage of this opportunity, you'll have the chance of becoming rich in the not-so-distant future. Ultimately, Bitcoin is all about utility (not the money). As long as you find it useful as an alternative to Fiat, nothing else matters. Just my thoughts Grin

Silberman

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Quote from: Webetcoins on April 09, 2022, 10:42:12 AM

Quote from: Silberman on April 08, 2022, 01:48:00 PM

I agree, if it was not for the time limit if someone asked me if I thought that bitcoin will reach a price of one million dollars for each coin my answer will be an energetic yes, however with the time limit of 2030 then things are not as straightforward, as I think that bitcoin will need a very fast adoption rate to happen during the next years for that to be a possibility, and the only way I see this happening is if we saw hyperinflation all over the world.

How is inflation and the btc price related? or why can inflation up the price? I know that when there's an inflation, the price of the goods are rising but I heard this also leads for people to invest, is that what you guys mean?

More people will invest in btc the more/higher the inflation have become but be careful what you ask/wish for as hyperinflation can happen but isn't this a bad thing for the economy and the way we people live? Are we sure we need this only to see bitcoin reach that 1milion dollar that most of us are assuming? Why can't we just do it on a natural way without harming the innocent individual only for our own good. There will still be a demand for btc with or without inflations.

I do not really look forward to live in a world in which every single country is going through hyperinflation but I think that is the inevitable conclusion of the fiat system, now how is this related? It is simple, during a period of hyperinflation while basic necessities become even more important, the way to acquire them remains the same, you have to exchange something for them and in such case the most sough asset under those conditions is a store of value, and bitcoin fits the definition of a sore of value which means that under those circumstances the price of bitcoin will skyrocket and outpace the hyperinflation we will go through at the time.

Webetcoins

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Quote from: Silberman on April 08, 2022, 01:48:00 PM

I agree, if it was not for the time limit if someone asked me if I thought that bitcoin will reach a price of one million dollars for each coin my answer will be an energetic yes, however with the time limit of 2030 then things are not as straightforward, as I think that bitcoin will need a very fast adoption rate to happen during the next years for that to be a possibility, and the only way I see this happening is if we saw hyperinflation all over the world.

How is inflation and the btc price related? or why can inflation up the price? I know that when there's an inflation, the price of the goods are rising but I heard this also leads for people to invest, is that what you guys mean?

More people will invest in btc the more/higher the inflation have become but be careful what you ask/wish for as hyperinflation can happen but isn't this a bad thing for the economy and the way we people live? Are we sure we need this only to see bitcoin reach that 1milion dollar that most of us are assuming? Why can't we just do it on a natural way without harming the innocent individual only for our own good. There will still be a demand for btc with or without inflations.

el kaka22

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Quote from: Silberman on April 08, 2022, 01:48:00 PM

if it was not for the time limit if someone asked me if I thought that bitcoin will reach a price of one million dollars for each coin my answer will be an energetic yes, however with the time limit of 2030 then things are not as straightforward, as I think that bitcoin will need a very fast adoption rate to happen during the next years for that to be a possibility, and the only way I see this happening is if we saw hyperinflation all over the world.

This is true, we do not know if it will be one million dollars because at the end of the day there is a time limit and 2030 is not as late as we imagine, I mean that is only 7.5 years in the future, closer than January 1st of 2015, even though it looks like it is closer it is not, 2030 is closer. This means that we can't really know how it will do in that short period of time and that matters a lot.

However, another thing we need to look at is the fact that we all know it will be a million dollars, we do not know when it will happen but we all agree that it will happen. That is nearly 25x increase, and how many other things can you name that you are so sure about a 25x increase?

Silberman

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Quote from: Abiky on April 07, 2022, 06:41:53 PM

Quote from: yohananaomi on April 01, 2022, 01:56:40 AM

if we want to look at the market capitalization, bitcoin still represents a small part of global assets. all could be significant changes and will likely increase when countries adopt it as legal tender, and that is not something impossible and will continue to happen rapidly.
Based on that, it doesn't hurt that a lot of information already exists about bitcoin's increase from year to year and it's not even impossible that bitcoin could reach $1 million by 2030. investment company ARK, estimates that Bitcoin's price may exceed $1 million by 2030.

With how fast inflation is increasing, it's very likely Bitcoin will reach $1m by 2030. It's not a matter of "IF" Bitcoin will reach $1m but rather "WHEN" it will reach the designated milestone. We should continue to grow our stack of Bitcoins before that happens. If you're smart, you'd buy more Bitcoin during a bear market as that's when prices take a massive downfall. Bitcoin's been the best-performing asset of all time, so I wouldn't be surprised if it goes way beyond just $1m.

All in all, predictions are predictions. What matters is Bitcoin's usefulness as decentralized cryptocurrency no one can stop. As long as it stays that way, it'll be able to last a lifetime. Just my opinion

I agree, if it was not for the time limit if someone asked me if I thought that bitcoin will reach a price of one million dollars for each coin my answer will be an energetic yes, however with the time limit of 2030 then things are not as straightforward, as I think that bitcoin will need a very fast adoption rate to happen during the next years for that to be a possibility, and the only way I see this happening is if we saw hyperinflation all over the world.

TravelMug

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Quote from: STT on April 07, 2022, 07:32:37 PM

Even with 10% inflation it will only add up over a decade to more like 100k target. There is no given BTC goes to 7 figures, if anything its a more sound argument to say the price action slows down over time or at least the rate of growth is declining while still being impressive compared to any of the usual asset classes.
Bitcoin has to justify itself and be entirely easy to use for wider population use, perhaps this happens or not I really dont agree it must. The world will take whatever choice suits it best, that is very likely why we do eventually lose the dollar because its too self serving and not global enough to really be in the place it has been since ww2. Whatever takes over will need to be fit for purpose in a far better way then what we've left behind; imo its not a singular path.

Obviously the rise will have to face a slow down as certain point, it's going to be very difficult to reach at least $500k and then continue to grow in the rate of like 10-15 years to double that price. And then as we slow down, we also have to look at where the source of the money so that we can double that up and reaches that 7 digits in the future. Also it's just the question of how we as bitcoin investors are going to stay in the market to wait for that to happen, 2030 and beyond.

STT

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Even with 10% inflation it will only add up over a decade to more like 100k target. There is no given BTC goes to 7 figures, if anything its a more sound argument to say the price action slows down over time or at least the rate of growth is declining while still being impressive compared to any of the usual asset classes.
Bitcoin has to justify itself and be entirely easy to use for wider population use, perhaps this happens or not I really dont agree it must. The world will take whatever choice suits it best, that is very likely why we do eventually lose the dollar because its too self serving and not global enough to really be in the place it has been since ww2. Whatever takes over will need to be fit for purpose in a far better way then what we've left behind; imo its not a singular path.

kawetsriyanto

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Quote from: Abiky on April 07, 2022, 06:41:53 PM

With how fast inflation is increasing, it's very likely Bitcoin will reach $1m by 2030.

Yep. Fast inflation can be one of the reasons besides other factors such as the Bitcoin adoption and how many top people/companies join Bitcoin investment. Being a legal tender, invested by a big company like Tesla, and considered as the most effective currency for donation, are very optimistic signs that Bitcoin will increase its value constantly. People will continuously buy Bitcoin massively because of its varied advantage, more than any other currency. Also, the agenda of halving schedule, becomes another factor to rise up BTC price again.

Quote from: Abiky on April 07, 2022, 06:41:53 PM

All in all, predictions are predictions.

Prediction remains a prediction, no guarantee it happens as expected.
However, many indicators lead us to assume Bitcoin possibly reaches that price in the next 8 years.

Abiky

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Quote from: yohananaomi on April 01, 2022, 01:56:40 AM

if we want to look at the market capitalization, bitcoin still represents a small part of global assets. all could be significant changes and will likely increase when countries adopt it as legal tender, and that is not something impossible and will continue to happen rapidly.
Based on that, it doesn't hurt that a lot of information already exists about bitcoin's increase from year to year and it's not even impossible that bitcoin could reach $1 million by 2030. investment company ARK, estimates that Bitcoin's price may exceed $1 million by 2030.

With how fast inflation is increasing, it's very likely Bitcoin will reach $1m by 2030. It's not a matter of "IF" Bitcoin will reach $1m but rather "WHEN" it will reach the designated milestone. We should continue to grow our stack of Bitcoins before that happens. If you're smart, you'd buy more Bitcoin during a bear market as that's when prices take a massive downfall. Bitcoin's been the best-performing asset of all time, so I wouldn't be surprised if it goes way beyond just $1m.

All in all, predictions are predictions. What matters is Bitcoin's usefulness as decentralized cryptocurrency no one can stop. As long as it stays that way, it'll be able to last a lifetime. Just my opinion

bocyaj

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Yes ,it was a huge expected one of the traders who brought at the value of 50k dollars.Because they buy at the high value,by considering it will reach of 80k dollars.Even they will get profit,only if they wait for next year.Because huge new people had reached the crypto,the next one is the demand of crypto reach twice as compared to now and the price too doubled.

dunfida

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Quote from: wozzek23 on April 01, 2022, 03:43:06 PM

This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.

8 years from now and trying to figure and speculate on what things that might happen in the future or on that time then no one really knows but speaking with 1M per coin is something that unrealistic and dont know

on why there are people who do really consider out that these probabilities could really happen.Well, i could not blame off on how people are being too optimistic when it comes to its price.
Bitcoin had never failed for us to be amaze on things that it do able to reach out milestones that we didnt even expect for it to be reach out but lets see on what would happen.

wxa7115

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Quote from: wozzek23 on April 01, 2022, 03:43:06 PM

This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.

Another aspect that makes bitcoin difficult to predict is that bitcoin is not in a bubble, basically bitcoin is part of the economic system and as such it does not move in isolation and it is affected by external factors, like the pandemic or the war at Ukraine.

And one factor that could accelerate massively the rate at which bitcoin grows is the inflation we are seeing all over the world, we are seeing already the first signs that the world economy is in trouble and governments are still hesitant about what to do as they understand very clearly they are in trouble, so if inflation went out of control people will look for a way to store their wealth and bitcoin will be a good option to do this under those circumstances.

batang_bitcoin

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Quote from: wozzek23 on April 01, 2022, 03:43:06 PM

This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

The same as you, it's part of my dream to see bitcoin goes to that price and hopefully by that time I still have at least 1 bitcoin on hold.

Quote from: wozzek23 on April 01, 2022, 03:43:06 PM

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.

It's full of surprises and we're all optimistic with it based on the experience that we have. But it's also worrying at the same time because everyone is becoming bullish and what could happen might be the opposite of it. Just as what Warren Buffett is telling about others of being greedy and fearful.

wozzek23

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This is definitely something that I dream about, but we will never know when it will happen. I am not saying that it won't happen, don't get me wrong here but it is something we will never know when it will happen.

Bitcoin is such a crazy thing that by 2025 when the next cycle after the halving happens we may see 1 million dollars, or maybe the max it reaches will be 200k? Who knows what will happen and which level we will reach. However, I am quite happy that we are doing fine right now and even if it is not 1 million dollars, everyone agrees that it will be higher than what it is today. This is what we are focusing on right now and should keep on focusing.

wxa7115

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Quote from: Pesona1 on April 01, 2022, 10:26:37 AM

Quote from: Symmetrick on March 14, 2022, 03:55:10 AM

Brave claim. Bitcoin in 8 years at $1 million. Although in this booming industry, you can expect anything. Few people in 2011 thought that bitcoin would reach $1,000, for example. Last year, bitcoin was able to reach a trillion dollar capitalization and its value was almost $70,000. Bitcoin adoption continues its expansion and over these 8 years we can expect 2 more full-fledged market cycles (growth-fall-recovery-accumulation), and if you consider, that with each cycle, bitcoin has grown in price several times, then there are, of course, prerequisites for such a development of events, described in ARK Invest.

Who thinks about this?

Isn't that too far for us to predict?
In my opinion, let alone 2030 for the next year alone it will be very difficult for us to predict prices, because there are indeed many factors that greatly affect the price of bitcoin in the market and in my opinion there are no benchmarks or references that strengthen to estimate prices accurately.

It is true that it is difficult to predict what will happen during the short term when it comes to the price of bitcoin, which could make it seem impossible to predict what could happen 8 years from now, however it is not as impossible as you may think.

After all a similar thing happens with the weather, in which it is incredibly difficult to predict what it may happen tomorrow, however if we take a look at the weather tendencies during the last thousands of years and we make projections based on that then it is not as difficult to see the overall tendency the weather may have during the next one hundred years.

ShowOff

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Quote from: Welsh on March 31, 2022, 07:54:29 PM

The thing is this has been speculated about since Bitcoin became highlighted in mainstream media, so a whole bunch of people, businesses, and so called experts have been throwing numbers around, pretty meaninglessly. I know that speculation can be fun, however putting a number, and a time limit on things is just silly. I prefer the method of; Bitcoin will continue to increase in the long term, price volatility as time goes on will decrease, and the adoption rate due to the price volatility problem being largely mitigated.

Welsh, I tend to agree with this opinion although speculation cannot be considered 100% correct. Everyone can place numbers based on "Technical or Fundamental analysis", but in the end the analysis also cannot guarantee future prices. Obviously they also don't have a crystal ball in their hands so we shouldn't believe anything even if it's still possible in the long run.

Considering increased adoption leading to lower volatility will allow prices to rise higher in the future. But I don't think we can pinpoint when it's time to see that $1 million reality happen.

ethereumhunter

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That's still eight years away and much more. Bitcoin in that year could be at any number we will never know. But the price of bitcoin in 2030 may be $ 1 million or even higher because bitcoin does have the potential to increase. But to get to that number will probably require more support from various countries and the demand from people to own bitcoins is also getting bigger. And before the price rises higher, we better continue to collect more bitcoins from now on so that we are not too late to enjoy the results in the next few years.

Pesona1

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Quote from: Symmetrick on March 14, 2022, 03:55:10 AM

Brave claim. Bitcoin in 8 years at $1 million. Although in this booming industry, you can expect anything. Few people in 2011 thought that bitcoin would reach $1,000, for example. Last year, bitcoin was able to reach a trillion dollar capitalization and its value was almost $70,000. Bitcoin adoption continues its expansion and over these 8 years we can expect 2 more full-fledged market cycles (growth-fall-recovery-accumulation), and if you consider, that with each cycle, bitcoin has grown in price several times, then there are, of course, prerequisites for such a development of events, described in ARK Invest.

Who thinks about this?

Isn't that too far for us to predict?
In my opinion, let alone 2030 for the next year alone it will be very difficult for us to predict prices, because there are indeed many factors that greatly affect the price of bitcoin in the market and in my opinion there are no benchmarks or references that strengthen to estimate prices accurately.

Baofeng

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Quote from: DOH! on April 01, 2022, 04:52:03 AM

Check it out. https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
Only ~~2 million bitcoins unidentified. In that context, $1 million for bitcoin by 2030 is actually viable. The reality also shows that bitcoin is becoming more and more important to the world in any impact. Unprintable Bitcoin is how its possibilities become endless!

Everything is possible, specially that supply is getting limited every 4 years. And we will have like 2 halvings around that time, and the way bitcoin is getting adopted by government and institutions and whales and retail investors, we could get that 7 figure. And if you are a wise investors, the best thing to do right now is to continue to accumulate overtime and who knows, maybe you can save enough till 2030 that you can secure because of the possible profit that you will have to make if the prices reaches $1 Million.

arwin100

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Quote from: DOH! on April 01, 2022, 04:52:03 AM

Check it out. https://www.buybitcoinworldwide.com/how-many-bitcoins-are-there/
Only ~~2 million bitcoins unidentified. In that context, $1 million for bitcoin by 2030 is actually viable. The reality also shows that bitcoin is becoming more and more important to the world in any impact. Unprintable Bitcoin is how its possibilities become endless!

Its really viable since we know that bitcoin got limited supply and if majority of the world in that timespan will use bitcoin as this was announce as legal tender on most of the country. So lets hope that no sudden events which can lead bitcoin to fall unexpectedly and see only some good adoption so that we can really see the price speculated to show up in that year.

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