1 Bitcoin = $1,000,000 - page 11. | Bitcointalksearch.org

7788bitcoin

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Quote from: BellaBitBit on March 31, 2016, 09:57:26 AM

Entirely possible but what is 1,000,000 going to be worth in 20 years with the rate of inflation? Bitcoin should be 10,000,000 in 20 years to keep up.

I guess the OP meant $1,000,000 today's value.

I totally agree that when the value of bitcoin increases, most likely the value of dollars will be moving in the opposite direction as people are switching to digital currency.

Maybe we should measure value by using other more meaningful units, such as a loaf of 500g bread?

BellaBitBit

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Entirely possible but what is 1,000,000 going to be worth in 20 years with the rate of inflation? Bitcoin should be 10,000,000 in 20 years to keep up.

Arcteryx

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Quote from: BTCLovingDude on March 31, 2016, 06:09:42 AM

i have never liked these types of speculation, they look like wishes more than speculation based on facts. and i don't see any valid reason why bitcoin can grow that much here.

It is hard to believe it ever will reach that amount per coin. It sounds more like a reach for the stars type conversation. But we all have dreams and goals Wink

Just don't be the one who has to buy at that time. Cheesy

randy8777

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Quote from: tampazeus on March 31, 2016, 08:04:07 AM

Quote from: randy8777 on March 31, 2016, 06:33:52 AM

Quote from: BTCLovingDude on March 31, 2016, 06:09:42 AM

i have never liked these types of speculation, they look like wishes more than speculation based on facts. and i don't see any valid reason why bitcoin can grow that much here.

i completely agree with you. i really don't know why people keep thinking about prices higher than $10,000 while we haven't even managed to break through $600 or even $1000 again. there is really no point in doing that. if at some point the price goes over $1000 again, then i can kinda understand that people start to fantasize about bitcoin reaching $2000 and higher. but so far we are faaaaar away from reaching the $1000 price level.

I don't think it can reach to $1k easily as we are waiting since long time to reach to $500 mark so even $1k seems bot be impossible for me.

i also don't think we'll see the price touch the $1000 price level any time soon. that's why i said 'if at some point the price goes over $1000 again'. Wink

maokoto

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I think that even if that happens, the figures are deceptive. If 1 Bitcoin ends un having a value of 1 million dollars, it would not be like 1 million dollar now. If BTC has that value, dollars will have a much lower value...

Flomess

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What is the point of this thread? What is the question?
Is it possible for 1BTC to be valued 1MIL $? Well, almost everything is possible in our universe...
Is it likely? Hell no! 21 T $ is a serious ammount of money, if they were to be distributed equally, every person on earth should hold about 3000$ in bitcoins... does it seem likely to you?

tampazeus

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Quote from: randy8777 on March 31, 2016, 06:33:52 AM

Quote from: BTCLovingDude on March 31, 2016, 06:09:42 AM

i have never liked these types of speculation, they look like wishes more than speculation based on facts. and i don't see any valid reason why bitcoin can grow that much here.

i completely agree with you. i really don't know why people keep thinking about prices higher than $10,000 while we haven't even managed to break through $600 or even $1000 again. there is really no point in doing that. if at some point the price goes over $1000 again, then i can kinda understand that people start to fantasize about bitcoin reaching $2000 and higher. but so far we are faaaaar away from reaching the $1000 price level.

I don't think it can reach to $1k easily as we are waiting since long time to reach to $500 mark so even $1k seems bot be impossible for me.

randy8777

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Quote from: BTCLovingDude on March 31, 2016, 06:09:42 AM

i have never liked these types of speculation, they look like wishes more than speculation based on facts. and i don't see any valid reason why bitcoin can grow that much here.

i completely agree with you. i really don't know why people keep thinking about prices higher than $10,000 while we haven't even managed to break through $600 or even $1000 again. there is really no point in doing that. if at some point the price goes over $1000 again, then i can kinda understand that people start to fantasize about bitcoin reaching $2000 and higher. but so far we are faaaaar away from reaching the $1000 price level.

OmegaStarScream

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It won't reach that amount if you ask me , even for long term .
But even if happens , 1 million dollar of now and then will definitely won't be the same , It will be like 10k $ of now or something , and I don't even think there is people who could be patient seeing bitcoin price rising for 20 years without selling them.

BTCLovingDude

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BTC to the moon is inevitable...

i have never liked these types of speculation, they look like wishes more than speculation based on facts. and i don't see any valid reason why bitcoin can grow that much here.

Ardenyham

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If bitcoin ever becomes so much mainstream that number wouldn't be awkward the same way Zimbabwean Dollars are being used in it's country and it's in millions, Not exactly the same but you know what I'm getting at Cheesy

, Bitcoin is something that has potential to change the economical world as a whole.

poptok1

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Bobby Fischer was right

I see that we have a lot of dreamers around. Roll Eyes

It is not a bad thing of course, but when the reality hits it may hurt a bit.
Such a huge value is simply impossible in the near future.
A close to a century of computing science gave us BTC and i think another 100 years
is needed for it to establish some real/meaning user base.
I wish to be mistaken, and wake up tomorrow a millionaire but the possibility
its purely theoretical.

Dr.Osh

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Quote from: M28MmickT on March 31, 2016, 02:58:00 AM

It maybe wont happen soon, but im fine with 1 percent of that valuation by now

1 bitcoin to $ 1 million I think it will not happen in the near future, as I thought, it would probably require a very long time so that bitcoin prices could reach 1 million

Amadues

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Quote from: ijphlrnxewho on March 30, 2016, 10:11:45 PM

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.

depends what house you buy and how many time you think could reach this value (more than 2000 times actual value!)
An increase so high it's more similar to a bubble...an exponential growth like this I think is impossible...
But I am hoping this Cheesy

obviously I hope this because with an amount of this size I can fix problem for whole family Cheesy

and friends Tongue

Amph

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gold marketcap is 7T you are telling me that we can do this 3x? very optimistic scenario, i don't want to say that it will never happen, hell even a collision will happen one day, if we have infinite time

but i doubt there is something that can match and surpass gold marketcap

hilariousandco

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Quote from: ijphlrnxewho on March 30, 2016, 10:11:45 PM

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.

But the opposite is also true. It could be the worst investment of all time and worth zero in twenty years. Nothing is guranteed and btc is just as risky as investing in a new tech start up or whatever. The potential for huge gains is certainly there but I wouldn't stake/bet your entire life savings on it.

M28MmickT

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It maybe wont happen soon, but im fine with 1 percent of that valuation by now

Herbert2020

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$1,000,000 is just a dream, a dream that is not going to come true. bitcoin is never going to be adopted by "everybody" so i think the maximum price that can be achieved is somewhere around 5000 USD per coin which need a lot of adoption and new investment for that to happen.

1Referee

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Quote from: BitcoinSupremo on March 31, 2016, 01:41:35 AM

I will be happy if bitcoin reaches 100.000 USD in next 5-10 years, I don't think it will happen but in 2014 there were a lot of news that bitcoin can go to 10.000 or even 100.000 USD in next 5-10 years. So far it hasn't proved to be true unfortunately for us all.

I am already happy if we can maintain a price higher than $1000 for plenty of years. That's what I am waiting for. Something unrealistic as $1,000,000 is not even considered by me.

onlinedragon

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Even when they are worth that amount still people need to be willing to pay for that. I can't believe they will worth that amount no one pay such high amount for one Bitcoin.

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