1 Bitcoin = $1,000,000 - page 8. | Bitcointalksearch.org

coinyard

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Quote from: zimmah on June 02, 2016, 09:57:14 AM

Quote from: ElpadroBitcoin on June 02, 2016, 09:28:00 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)

It would be crazy if that was going to happen but I am sure that the value will never be that high. There are to many people using Bitcoin that means that so many people would become millionaires I just do not see something like that happening.

21 trillion, that's still less than the national wealth of china. And much less than the national wealth of the world.

It's not that weird to reach 21 trillion.

Gold has a market cap of 7 trillion, and bitcoin is better than gold.

also, just because you use bitcoin won't make you a millionaire, most people don't own a full bitcoin, and even if bitcoin would reach $1 million it would not create too many millionaires or billionaires.

I calculated that already and compared it to the current amount of millionaires and billionaires in the world, and actually if you assume 1 bitcoin is worth 1 million, you would get almost exactly the amount of millionaires and billionaires as there are in the world.

coincidence? I don't think so.

It's zipfs law right there.

$21 trillion is similar to the US state debt. So it is not a big amount. It is much less than the total wealth.

zimmah

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Quote from: OrangeII on June 02, 2016, 10:30:50 AM

I am not sure bitcoin price will be $ 1,000,000, the price is very expensive in my opinion. apart from that I also ask each other, what can make bitcoin prices rose so high as $ 1 million

demand

and low supply

OrangeII

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Reward: 10M Shen (Approx. 5000 BNB) Bounty

I am not sure bitcoin price will be $ 1,000,000, the price is very expensive in my opinion. apart from that I also ask each other, what can make bitcoin prices rose so high as $ 1 million

zimmah

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Quote from: ElpadroBitcoin on June 02, 2016, 09:28:00 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)

It would be crazy if that was going to happen but I am sure that the value will never be that high. There are to many people using Bitcoin that means that so many people would become millionaires I just do not see something like that happening.

21 trillion, that's still less than the national wealth of china. And much less than the national wealth of the world.

It's not that weird to reach 21 trillion.

Gold has a market cap of 7 trillion, and bitcoin is better than gold.

also, just because you use bitcoin won't make you a millionaire, most people don't own a full bitcoin, and even if bitcoin would reach $1 million it would not create too many millionaires or billionaires.

I calculated that already and compared it to the current amount of millionaires and billionaires in the world, and actually if you assume 1 bitcoin is worth 1 million, you would get almost exactly the amount of millionaires and billionaires as there are in the world.

coincidence? I don't think so.

It's zipfs law right there.

sotisoti

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1 million usd for a bitcoin, it's not going to happen.

zimmah

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Quote from: asrilani on May 31, 2016, 11:00:54 AM

Quote from: zimmah on May 29, 2016, 09:35:33 PM

Quote from: jaredboice on May 26, 2016, 06:39:38 AM

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

The stable price before the big pump was around $120 in June or July. So that is about 10 times increase.

in January that same year they were only at $12 so like i said, 100 times increase in 11 months.

Even after the massive 'collapse' they never came anywhere near $12 again, (or even $120 for that matter).

The same could (and in my opinion is likely) happen again.

It could be that by 2017 the price will be nearly 100 times the current price (so $40000~50000) for a short while and that after the dip it will still never even touch anywhere near $4000 at the bottom. And it will likely stay above $10k most of the time.

elyas772

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Quote from: tyoA7X on March 30, 2016, 10:16:12 PM

I hope bitcoin up to $1000.000 lol
But its possibility

but there will never be expectation that bitcoin can reach very high, as you would expect. $1000-5000 is the highest price that could be achieved bitcoin.

ElpadroBitcoin

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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)

It would be crazy if that was going to happen but I am sure that the value will never be that high. There are to many people using Bitcoin that means that so many people would become millionaires I just do not see something like that happening.

asrilani

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Activity: 206

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Quote from: zimmah on May 29, 2016, 09:35:33 PM

Quote from: jaredboice on May 26, 2016, 06:39:38 AM

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

The stable price before the big pump was around $120 in June or July. So that is about 10 times increase.

crairezx20

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This time we cannot think that 1 bitcoin will be reach at $1m its impossible to think it right now but this coming block halving until 2017 if we see the price will stable at 1k value i think we will see the price of bitcoin in the future near to that price i think.. but for now the possible that we can see in the market i think around 600-900 and possible price in the future is $1k-$4k value.. this is just my speculation anytime the price can be change depends in buyer and traders.. or demands and supply..

zimmah

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Quote from: jaredboice on May 26, 2016, 06:39:38 AM

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

spazzdla

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21 Trillion dollar market cap.. hum.

https://www.quandl.com/collections/economics/stock-market-capitalization-by-country

US Stock market was 11.7 Trillion

https://en.wikipedia.org/wiki/Gold_reserve

It has been estimated that all the gold mined by the end of 2011 totalled 171,300 tonnes. At a price of US$1,500 per troy ounce, reached on 12 April 2013, one tonne of gold has a value of approximately US$48.2 million. The total value of all gold ever mined would exceed US$8.2 trillion at that valuation.

miningdude

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Have a mining rig

That will never happend its impossible.

bit1

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Quote from: mindrust on May 13, 2016, 03:24:26 AM

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Even so in such a long period of time things will be completely different what they are now. May be they appoint primitive what is now .

mindrust

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It is only possible if you can convince every single person on earth to sell their US Dollars for Bitcoins. (which will result as the destruction of USD btw). That can't happen as long as the United States of America is alive or if the US simple decides to replace USD with bitcoins. Bitcoin can go 1000$ or maybe 1500$ but after that point they are going to need big boys' support. This is also unlikely to happen because giving their support as big boys, will make the others who bought bitcoins earlier, richer. There is a world order going on and big boys don't wanna change the rules of the game.

Jealousy, Greed and Anger will stop bitcoin.

Kidsgarter

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Quote from: jaredboice on May 26, 2016, 06:39:38 AM

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

The price could easily double every year, so in 5 years, it is 32 times of present value, or 18,000 dollars.

jaredboice

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One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

Fidemoga

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Quote from: pereira4 on May 13, 2016, 07:12:56 AM

Quote from: co5hike on May 13, 2016, 04:27:58 AM

Quote from: mindrust on May 13, 2016, 03:24:26 AM

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

People was saying here that Bitcoin would never reach 1 dollar, during the early days. Imagine if the new it would reach 1000.

People brains aren't wired to think beyond what they consider possible, but it's very possible to reach 1 million per Bitcoin in the next decade or two. Fo instance, the M2 money supply of the US dollar, the world's reserve currency, is just shy of $12 trillion. For the euro, it's 9.86 trillion euros, or $10.76 trillion. The current marketcap for BTC is roughly 7 billion... do the math.

The US state debt is about 19 trillion dollars, if that is represented in bitcoin, one bitcoin is more than $1 m.

pereira4

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Quote from: co5hike on May 13, 2016, 04:27:58 AM

Quote from: mindrust on May 13, 2016, 03:24:26 AM

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

People was saying here that Bitcoin would never reach 1 dollar, during the early days. Imagine if the new it would reach 1000.

People brains aren't wired to think beyond what they consider possible, but it's very possible to reach 1 million per Bitcoin in the next decade or two. Fo instance, the M2 money supply of the US dollar, the world's reserve currency, is just shy of $12 trillion. For the euro, it's 9.86 trillion euros, or $10.76 trillion. The current marketcap for BTC is roughly 7 billion... do the math.

co5hike

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Quote from: mindrust on May 13, 2016, 03:24:26 AM

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

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