Topic: 1 Bitcoin = $1,000,000 - page 4. (Read 9336 times)
i think it is possible , if all people invest their all money in bitcoin, then i hope so that 1 bitcoin will be equal to $1,000,000 . but it will be take a long time for it happen .
well, that is a huge figure for the current bitcoin. and I think this is never possible. I think the price is too exaggerated, look at the current price of bitcoin has not even passed the $ 800 price. even in the future. although this happens, I think it takes more than a dozen years, so bitcoin can have a price of 1 million dollars
Perhaps if there are let's say 100 people starting 10-50 different digital businesses/person that accept btc as the only choice of payment it is possible, and they only accumulate coins, never sell them.
I'm gonna go ahead and assume that those bitcoin businesses sell what all bitcoin businesses sell: hopes and dreams. While the industrial moguls live in Mom's basements, eating Mom's food.
Because ordinary businesses have expenses: overheads, salaries, restocking merchandise, taxes, etc., etc. Which necessitates spending.
You did not understand what I meant.
I talked about starting digital businesses, and sometimes they are cheap to build and you do not need expenses to run those. Running multiple web sites will not cost that much.
If one site generates on average BTC 1/day profit, then multiplying it by 50 you get 50 btc profit/day - and if there are 100 such entrepreneus, they lock BTC 5000 /day to their cold storages. Eventually the price has to rise.
A "digital businesses" that's "cheap to build and you do not need expenses to run," and "generates on average BTC 1/day profit"?
I'm gonna go ahead and assume you mean a cut&run ponzi site?
You do know that most internet gambling sites [with employees and stuff] don't generate 1 BTC($650)/day, right?
Pro tip: there's no free money out there, the streets aren't really paved with gold, there's no "passive income," and there''s no free lunch.
Half of the people in the world live on less than ~$2.50/day.
Let that sink in.
That's 260 times less than your
TL;DR: you ought to get out more often, breathe some fresh air.
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Merchants that instadump the bitcoins will be no good for btc (except indirectly perhaps with visibility).
Merchants got to eat, feed and clothe their kids, have a place to poop & sleep, and to restock their shelves, so's they'd have something to sell. All that costs money, so they spend. Life is a bitch like that.Quote
The value of btc lies only on the holding of it, not using it as a payment token.
If BTC is not used as a currency (you know, money that's actually used to buy things), it is useless: no different than baseball cards or Beanie Babies. 
Honestly its huge amount value for bitcoin but why not we don't know what will happen in the the future and maybe this price will hit soon or after 20 years.. But i still not convince that the price will hit in that value.. in my speculation the price will be 5k-10k value this is i think can be possible that your speculation..
Sure the consumption of electricity rises if btc hits 500 000-1 000 000 usd all of sudden. However, also the mining tech becomes better (more efficient) + there will be more supply for electricity.
More efficient miners just cause the difficulty to go up. They do not affect the total power consumption of the network.
Power consumption is not a function of efficiency it is only a function of price and the other parameters shown in the formula given above due to the fundamental design parameters of a proof of work system.
More supply of electricity (at the same or a lower price over time)? Really? And nuclear power is going to be so cheap and efficient that they may even stop metering electricity, right?
Perhaps if there are let's say 100 people starting 10-50 different digital businesses/person that accept btc as the only choice of payment it is possible, and they only accumulate coins, never sell them.
I'm gonna go ahead and assume that those bitcoin businesses sell what all bitcoin businesses sell: hopes and dreams. While the industrial moguls live in Mom's basements, eating Mom's food.
Because ordinary businesses have expenses: overheads, salaries, restocking merchandise, taxes, etc., etc. Which necessitates spending.
You did not understand what I meant.
I talked about starting digital businesses, and sometimes they are cheap to build and you do not need expenses to run those. Running multiple web sites will not cost that much.
If one site generates on average BTC 1/day profit, then multiplying it by 50 you get 50 btc profit/day - and if there are 100 such entrepreneus, they lock BTC 5000 /day to their cold storages. Eventually the price has to rise.
Merchants that instadump the bitcoins will be no good for btc (except indirectly perhaps with visibility). The value of btc lies only on the holding of it, not using it as a payment token.
Perhaps if there are let's say 100 people starting 10-50 different digital businesses/person that accept btc as the only choice of payment it is possible, and they only accumulate coins, never sell them.
I'm gonna go ahead and assume that those bitcoin businesses sell what all bitcoin businesses sell: hopes and dreams. While the industrial moguls live in Mom's basements, eating Mom's food.
Because ordinary businesses have expenses: overheads, salaries, restocking merchandise, taxes, etc., etc. Which necessitates spending.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
The value of Bitcoin is never going to be that high, I think that we have to stay realistic and not speculate about things that we know are not going to happen. 21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
I would be a great thing if the value would be that high but it is impossible to think that it will happen.
Do not get your hopes up for the price to be this high because the chance is small.
You do not need hyperinflation and catastrophies to make btc a coin worth of 1000 000 usd. All you need is some stubborn bagholders and a lot of more demand from the current levels.
Perhaps if there are let's say 100 people starting 10-50 different digital businesses/person that accept btc as the only choice of payment it is possible, and they only accumulate coins, never sell them. If one bussines is able to generate on average 1 btc/day, there is additional demand for cold storages 1000-5000 btc/day. Daily emission is 1800 coins.
I think it is not impossible to find 100 entrepreneurs who are able to start this project from btc community.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
The value of Bitcoin is never going to be that high, I think that we have to stay realistic and not speculate about things that we know are not going to happen. 21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
I would be a great thing if the value would be that high but it is impossible to think that it will happen.
Do not get your hopes up for the price to be this high because the chance is small.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
The value of Bitcoin is never going to be that high, I think that we have to stay realistic and not speculate about things that we know are not going to happen. 21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
I would be a great thing if the value would be that high but it is impossible to think that it will happen.
Do not get your hopes up for the price to be this high because the chance is small.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
The value of Bitcoin is never going to be that high, I think that we have to stay realistic and not speculate about things that we know are not going to happen. 21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
I would be a great thing if the value would be that high but it is impossible to think that it will happen.
The US state debt is around $20,000,000,000,000 ($20 Trillion USD). So it is easy for bitcoin to be worth that much.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
The value of Bitcoin is never going to be that high, I think that we have to stay realistic and not speculate about things that we know are not going to happen. 21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
I would be a great thing if the value would be that high but it is impossible to think that it will happen.
Highly unlikely but should that happen, expect economic chaos.
You might have that backward:If we have economic chaos (hyperinflation) then expect it to happen.
Highly unlikely but should that happen, expect economic chaos.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
if this happens we will all be rich
Doesn't matter really - gold is also (usually) not sold in tons but in ounces, same way will be sold BTC at later time in mBTC and Satoshis.
Gold is as of this moment almost 8 Trillion market cap, imho Bitcoin is superior to Gold so with that in mind I see the market cap at least at the same level or higher.
Btw. 8 Trillion market cap means 1 BTC is worth ~ 381 000 USD
When the 20 trillion US treasury market is represented in the bitcoin, each bitcoin is worth $1 million.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
if this happens we will all be rich
Doesn't matter really - gold is also (usually) not sold in tons but in ounces, same way will be sold BTC at later time in mBTC and Satoshis.
Gold is as of this moment almost 8 Trillion market cap, imho Bitcoin is superior to Gold so with that in mind I see the market cap at least at the same level or higher.
Btw. 8 Trillion market cap means 1 BTC is worth ~ 381 000 USD
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
if this happens we will all be rich
True, although Gold is there because it is stable, not because it has much use case to make it increase outside of that except electronics and a handful of niche requirements. If you look at Gold historically compared to the purchasing power of whatever Gov't paper or dinar is in vogue at the time, it's more of a stabiliser than anything - a very useful property. One good thing about Gold is it has lots of historical data to project how it tracks the more wild swings of alternatives, and can be a measure (so far as we're able to determine) of where in a cycle a system is, which will make it look in fashion, or out of fashion when really it's going nowhere other than showing the success or failure of alternative systems.
If Gold is truly undervalued, then I'd just rephrase that and say it is the same as it ever was, and just pointing out that something like FIAT is out of control. Gold bugs I would say are people that can see the writing on the wall, and are taking self preservation measures.
1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)
if this happens we will all be rich
BTC will be 50 000 + USD within 24 months most likely.
The peak will be pretty sudden and it will escalate within days rather than within months. However, the preparation will take some months of roller coaster
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