1 Bitcoin = $1,000,000 - page 6. | Bitcointalksearch.org

icepick007

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this is funny and scary...but on a more nerdy note the long term average inflation rate for the dollar over the last 100 years or so has been 3.22%. So prices double roughly every 22 years. Going purely by the math, they would be a 1000x in 220 years or so...so this event should definitely happen between year 2240 - 2250 Roll Eyes

But unlike fiat currency, whose money supply is continually added, bitcoins are fixed at 21 million. Assuming bitcoins were to keep increasing in popularity and acceptance and the user trajectory keeps increasing and assuming a 5% inflation rate (i just pulled this from my hat), prices would double every 15 years, so in another 150 - 160 years we would get there or by year 2165 - 2175.

Galiatram

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Quote from: ShowOff on March 30, 2016, 11:14:03 PM

Quote from: tenaciouzd on March 30, 2016, 10:23:46 PM

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.

I don't saying it won't happen in future but i don't think it will happen in 20 years. And if some hold bitcoin by selling their house.Their is risk bitcoin value can decrease to zero.But if i won a house it don't have any chance to zero.

Bitcoin will make you rich or make you bust in 50 years.

no one know what will happen in future, bitcoin will be rising or not . but almost every investment must have risk. just make sure you invest money that you afford to lose.

I dont think this can be true becasue the bitcoin will never reach just one milion how is that even possible that has to mean that everybody needs to sell their coins only after that the coin will rise allot but not even then he will hit the one million.

co5hike

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Quote from: Bitcoinbro on June 22, 2016, 09:00:37 AM

Quote from: MaritiJames3 on June 13, 2016, 02:47:52 AM

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.

All I want to say is not to get your hopes to high up because it is not sure of there will ever be a Bitcoin that is going to be worth one million Dollar.
I am not saying that it is impossible but it is pretty unlikely to happen.

Yes its not impossible but its too high to expect from it, dreaming with open eyes is not a good thing, and it doesn't seems to be realistic too.

Bitcoinbro

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Quote from: MaritiJames3 on June 13, 2016, 02:47:52 AM

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.

All I want to say is not to get your hopes to high up because it is not sure of there will ever be a Bitcoin that is going to be worth one million Dollar.
I am not saying that it is impossible but it is pretty unlikely to happen.

coinyard

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Quote from: dinda22 on June 13, 2016, 02:54:26 AM

Quote from: MaritiJames3 on June 13, 2016, 02:47:52 AM

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.

although the price of bitcoin is always make a surprise, like this time rising very high. but keep that $1 million is not realistic.
but $5-10k it is still possible to achieve, although it takes a long time.

If the $5,000 is achieved in 2-3 years, I think it is very healthy. If we achieve that in a year, there is a big bubble.

dinda22

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Quote from: MaritiJames3 on June 13, 2016, 02:47:52 AM

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.

although the price of bitcoin is always make a surprise, like this time rising very high. but keep that $1 million is not realistic.
but $5-10k it is still possible to achieve, although it takes a long time.

MaritiJames3

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Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.

coinyard

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Quote from: BurtW on June 11, 2016, 02:04:04 PM

Quote from: BitcoinPC on June 11, 2016, 04:28:21 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.

It is inevitable that one Bitcoin will be worth $1,000,000 some day because by design $1,000,000 some day in the future will eventually have the purchasing power of $500 today. Bitcoin has the opposite design and one Bitcoin should increase in purchasing power over time. Eventually the rising purchasing power of Bitcoin will intersect with the falling purchasing power of the dollar and one BTC will be worth $1,000,000.

When this will happen is the real question.

When the bitcoin is worth $1,000,000 some day, the buying power is worth at least $100,000 today. That is due to the value increase, not the dollar depreciation.

BurtW

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All paid signature campaigns should be banned.

Quote from: BitcoinPC on June 11, 2016, 04:28:21 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.

It is inevitable that one Bitcoin will be worth $1,000,000 some day because by design $1,000,000 some day in the future will eventually have the purchasing power of $500 today. Bitcoin has the opposite design and one Bitcoin should increase in purchasing power over time. Eventually the rising purchasing power of Bitcoin will intersect with the falling purchasing power of the dollar and one BTC will be worth $1,000,000.

When this will happen is the real question.

BitcoinPC

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Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.

asrilani

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Quote from: Bitplumber on June 10, 2016, 10:11:44 AM

Quote from: Denker on June 09, 2016, 11:38:55 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!

Your bang on dude!
If bitcoin reached Apples market cap one bitcoin would be worth 30k.
This is within reach in the very near future guys. 🚀

$30k is about 50 times of present price. If the price rises 40% a year, it will take 11 years to achieve that value.

Bitplumber

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Quote from: Denker on June 09, 2016, 11:38:55 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!

Your bang on dude!
If bitcoin reached Apples market cap one bitcoin would be worth 30k.
This is within reach in the very near future guys. 🚀

awesome31312

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Quote from: BurtW on June 06, 2016, 11:13:11 AM

Quote from: ElpadroBitcoin on June 06, 2016, 10:11:26 AM

Quote from: ijphlrnxewho on March 30, 2016, 10:08:21 PM

1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.

Obvious signature spammer is obvious.

I don't see anything in his post that constitutes spam. Or was that your way of trying to refute his claim?

Quote from: zimmah on June 06, 2016, 11:01:44 AM

Quote from: ElpadroBitcoin on June 06, 2016, 10:11:26 AM

Quote from: ijphlrnxewho on March 30, 2016, 10:08:21 PM

1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.

that doesn't even make sense.

why would the richest man in the world need enough money to buy all bitcoins?

the richest man in the world doesn't have enough money to buy all euros either, that doesn't collapse the value of the euro.

The richest man in the world can't even afford all the gold in the world either, that doesn't crash the gold market.

Your argument is just so bad.

I think he meant that $21,000,000 for every Bitcoin owner is a sum that is too large to be owned by a single person, I disagree, but you misunderstood the post (I think).

GermanFoobla

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Quote from: BurtW on June 06, 2016, 11:13:11 AM

Quote from: ElpadroBitcoin on June 06, 2016, 10:11:26 AM

Quote from: ijphlrnxewho on March 30, 2016, 10:08:21 PM

1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.

Obvious signature spammer is obvious.

The value of Bitcoin is not going to be that high and that is because you have to know that the value of Bitcoin wont rise that fast and that is bad.
Because now we have to wait a longer time until we can sell it and that is also the bad thing of it because some people are also greedy.

BurtW

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All paid signature campaigns should be banned.

Quote from: awesome31312 on June 10, 2016, 08:08:04 AM

That will only happen because the dollar will suffer a great deal of inflation, not a good thing for everyone and everything except the Bitcoin versus "house of cards government issued fiat currencies" exchange rate.

FIFY

awesome31312

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That will only happen because the dollar will suffer a great deal of inflation, not a good thing

asrilani

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Quote from: Red-Apple on June 09, 2016, 11:52:01 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

we don't know anything, the only thing you can say here is that it is unlikely to reach that price.

besides nobody will get rich if the price goes to that high amount. because people will most likely sell their coins long before this happens at 1/100 of that price and buy again at much higher price.

If 10 million people use the bitcoin regularly, the price could be 50 times of the present price, or $30,000 each.

Red-Apple

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Activity: 1470

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Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

we don't know anything, the only thing you can say here is that it is unlikely to reach that price.

besides nobody will get rich if the price goes to that high amount. because people will most likely sell their coins long before this happens at 1/100 of that price and buy again at much higher price.

Denker

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Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!

hawkins

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Activity: 1204

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Quote from: BillyBobZorton on June 09, 2016, 09:16:25 AM

Quote from: Bitcoinbro on June 09, 2016, 09:10:05 AM

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.

We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Tons of people become millionaire yearly.. what's the problem?
Also, a lot of people will gradually sell. FEW people will ever own 1 BTC, so it's very possible it going 1 million each in the future. Think about it.

if that happens I think there will be price increases irregular. The price is very much for 1 bitcoin, and I think it will not happen, because it could make bitcoin users to get rich quick

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