1 Bitcoin Worth Is 1000000$ | Bitcointalksearch.org

KennyR

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Quote from: Format.C^ on April 10, 2017, 01:44:09 AM

Quote from: ethereumhunter on April 10, 2017, 01:05:09 AM

Quote from: Duzter on April 10, 2017, 12:49:16 AM

Wow, that's really a big price to reach. I feel happy to be a part of such a valuable coin. Though everything is speculative one won't make a speculation without having a value. So bitcoin has the ability to reach high.

yes indeed, i can not imagine what will happen if the price is higher like that. i think every people which hold bitcoin will have a big smile to see this and they can sell their bitcoin with easy. i think for now, its still a dream that will come true in the future, so we can stick and follow with the price now and make a good trading and finally we can make big profit like we want.

Every one dreams that bitcoins should achieve that price in future so that we can become rich in future but dreams should be realistic and I don't think that we should waste our time in something which is never gonna happen in future.

Believe, though it's unrealistic it has got chances of reaching the quoted price if the technology supports and adoption takes place in a much bigger volume. As it has got limited coins to be mined respect to the supply and the much increased demand because of increased adoption sure the price will peak

Juggy777

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Your concept that bitcoin is controlled by demand and supply is right but to believe that if people stop selling it will go to million, who in the world will buy it have your ever thought of it. People will stop buying and price shall crash and it shall crash badly ever thought of that. You should aim to be more realistic rather look ignorant. The prices are quiet high maybe a few 1000 $ plus more is nice but I doubt that will happen cause of bu and segwit looming.

Qartada

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Quote from: Memento on February 24, 2017, 02:03:47 AM

We always ask why Bitcoin price goes down or up?
But most important thing that we don't understand is that we control Bitcoin price.

You're right, the Bitcoin price is decided by the market. So therefore we analyse the market and what other people are going to do because not everyone acts unanimously and buys Bitcoin at stupidly high prices because we tell them to. The market acts primarily in its own interest.

Quote

You control Bitcoin price!
No Banks, No goverments...

In the spirit of the free market, this isn't true. If banks or governments wanted to, they could easily control the Bitcoin price. All they'd have to do is buy loads and dump it at super low prices - they have more than enough money to do it. It's only about how much money you have and in reality it's not a community decision - if you build a collection of 20 people who own 0.2 Bitcoin and don't understand any basic economics, they won't have any significant impact on the market at all if you tell them to buy or sell.

Quote

If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...

Hang on, didn't you just say that we control the Bitcoin price? So doesn't that mean that it's "worth" exactly as much as it's worth right now, since we control it?

Format.C^

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Quote from: ethereumhunter on April 10, 2017, 01:05:09 AM

Quote from: Duzter on April 10, 2017, 12:49:16 AM

Wow, that's really a big price to reach. I feel happy to be a part of such a valuable coin. Though everything is speculative one won't make a speculation without having a value. So bitcoin has the ability to reach high.

yes indeed, i can not imagine what will happen if the price is higher like that. i think every people which hold bitcoin will have a big smile to see this and they can sell their bitcoin with easy. i think for now, its still a dream that will come true in the future, so we can stick and follow with the price now and make a good trading and finally we can make big profit like we want.

Every one dreams that bitcoins should achieve that price in future so that we can become rich in future but dreams should be realistic and I don't think that we should waste our time in something which is never gonna happen in future.

ethereumhunter

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Quote from: Duzter on April 10, 2017, 12:49:16 AM

Wow, that's really a big price to reach. I feel happy to be a part of such a valuable coin. Though everything is speculative one won't make a speculation without having a value. So bitcoin has the ability to reach high.

yes indeed, i can not imagine what will happen if the price is higher like that. i think every people which hold bitcoin will have a big smile to see this and they can sell their bitcoin with easy. i think for now, its still a dream that will come true in the future, so we can stick and follow with the price now and make a good trading and finally we can make big profit like we want.

Duzter

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Wow, that's really a big price to reach. I feel happy to be a part of such a valuable coin. Though everything is speculative one won't make a speculation without having a value. So bitcoin has the ability to reach high.

pooya87

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Quote from: Chevas Regal on April 09, 2017, 09:08:22 PM

The Bitcoin will not rise with the holding of bags , but will rise with involving more and more people, Circulating coin, demanding every monetary thing in terms of bitcoins.
Still only 12% or even less use bitcoin in Thailand, what if all of them start to use it? The question is not whether should we sell/buy bitcoins, the question is how can we pitch people to use it.

i couldn't agree more.
and in my opinion bitcoin needs more adoption, and more adoption in real world application area. i mean more merchants and more services to accept bitcoin and more people to use it as a currency.
as far as being a speculation tool goes, i don't think we can see very large prices anytime soon because majority of people (average Joe) won't invest in bitcoin because of the volatility.

iqlimasyadiqa

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if the price of bitcoin really achieve such there will be a miracle. everyone who has bitcoin could be the richest man in the world. while those who never knew bitcoin then they will regret it until whenever. Grin

Chevas Regal

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The Bitcoin will not rise with the holding of bags , but will rise with involving more and more people, Circulating coin, demanding every monetary thing in terms of bitcoins.
Still only 12% or even less use bitcoin in Thailand, what if all of them start to use it? The question is not whether should we sell/buy bitcoins, the question is how can we pitch people to use it.

regards,
chevas

rajasumi3

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Well we need patience to see that the price of bitcoins goes up or down .in my opinion that the price of bitcoins to grow so much , we may not be available as the price of bitcoins to reach 1 million dollars .it could take more than 70 years , it means during the extinction of petrol and diesel.

kingstarblack

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Quote from: Memento on February 24, 2017, 02:03:47 AM

We always ask why Bitcoin price goes down or up?
But most important thing that we don't understand is that we control Bitcoin price.
You control Bitcoin price!
No Banks, No goverments...

If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...

The price of the bitcoin now into something profitable for all things, because with the advent of bitcoin we have the advantage of being much better than before. To get hundreds of millions of dollars only it only takes 4 years (if you have a lot of funds at a time when the price of the bitcoin was at a very low price). So, to be able to benefit in the bitcoin is not only selling at low prices but in the way we use the bitcoin

kwukduck

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The number of people that completely lack any basic understanding of networks or economics seems to be growing rapidly. This combined with manipulators is the only thing driving btc at the moment.

You can't just overcome fundamental protocol flaws with idiots adopting something, it will crash hard at some point.

Bitcoin fundamentally does not scale and there is no plan or consensus on how to resolve this huge problem.
Bitcoin offers no usable privacy.

Victorycoin

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Quote from: BitDane on March 01, 2017, 06:29:03 PM

Quote from: lordquanta on February 24, 2017, 05:33:07 AM

* Not to sound pessimist but be aware of 'pump and dump' situation. Right now pump is at peak, wait for dump.

I think pump peak is yet to be obtained, we have still more than one week before the SEC decision on ETF. We are aware of the fact that the nearer we get to the event, the bigger the hype and influence it will make to the market. So probably price will still climb maybe to almost $1300 before the event date. I just hope ETF to be approved so we can celebrate with higher Bitcoin price.

By the way market works, there is still the tendency that market price would keep appreciating well until a day before the ETF news hits the airwaves. To that effect, 2 days to the news would be a realistic time to offload some coins, because there is every likelihood that price would drop in view of what the outcome would look like. Nevertheless, Bitcoin is destined for great heights, so regardless of the outcome of the ETF, the journey to the moon stays on course!

BitDane

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Quote from: lordquanta on February 24, 2017, 05:33:07 AM

* Not to sound pessimist but be aware of 'pump and dump' situation. Right now pump is at peak, wait for dump.

I think pump peak is yet to be obtained, we have still more than one week before the SEC decision on ETF. We are aware of the fact that the nearer we get to the event, the bigger the hype and influence it will make to the market. So probably price will still climb maybe to almost $1300 before the event date. I just hope ETF to be approved so we can celebrate with higher Bitcoin price.

Victorycoin

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Quote from: bamboylee on February 24, 2017, 04:32:06 AM

If everyone is holding, then the price will not move, it will be stagnant. Price develops because there is demand, there is buy and sell. But if everyone is holding, nothing moves. Even the blockchain will be useless because there is no transaction to record.

First off, it is never going to be possible for everyone to hold their Bitcoins, but assuming we have a situation like that at hand, price will certainly not be stagnant as not selling goes to mean, many more demands are left unfulfilled, kind of creating some scarcity and so the price would no doubt appreciate.

Febo

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Quote from: Memento on February 24, 2017, 05:25:47 AM

Quote from: death69 on February 24, 2017, 04:54:04 AM

Quote from: DonnieDarko on February 24, 2017, 03:51:41 AM

Quote from: megynacuna on February 24, 2017, 03:42:41 AM

Quote from: Memento on February 24, 2017, 03:33:21 AM

Quote from: Windpower on February 24, 2017, 03:11:22 AM

Quote from: Memento on February 24, 2017, 02:03:47 AM

We always ask why Bitcoin price goes down or up?
But most important thing that we don't understand is that we control Bitcoin price.
You control Bitcoin price!
No Banks, No goverments...

If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...

That isn't how it works. We can't just start selling Bitcoin for a million dollars and expect people to buy it. If Bitcoin is really only worth 1.2k, then why the hell would anyone, in the right state of mind, buy Bitcoin for 1 million dollars. It just doesn't make sense. We are not the only people who control the price, there are a lot of things that add together to make the value of Bitcoin.

Bitcoin cost was 0.10$ cents now 1300$, why they should pay 1300$ instead of 0.10$ cents?
Because Bitcoin now worth more than cents, same would be with the million.
If Bitcoin costs a million, then it really costs a million.

I don't think it works that way because if we all decide to sell at that price ($1million) and the Altcoins which are capable of offering the same services as Bitcoin on the blockchain is selling at say 10$ give me a reason why they would opt for Bitcoin ahead of the other potential Altcoins?

Altcoins is like an counterfeit money, they steal the idea of Bitcoin, they worth nothing, only Bitcoin is the real thing. We have countires where we can buy everything with Bitcoin.

How dare you to judge something which you have no idea about? There are many altcoins which are even greater than Bitcoin. Bitcoin is only a prototype, the origin cryptocurrency and It can not be stronger as other cryptos which have been developed, fixed and improved. You should go home or people here will laugh at your face

We don't have better crypto than Bitcoin. Pokemon...

We do have better crypto then Bitcoin. But as it shows in past years quality is not something that Crypto space cherish much. It is all about marketing and hype.

lordquanta

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Quote from: Memento on February 24, 2017, 02:03:47 AM

If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...

First sentence could not be more incorrect.
* If nobody is selling bitcoin then who will buy them.
* If everyone start to sell bitcoin at $1Million then would not that be classic example of dump?
* bitcoin price reached barely ~$1200, already speculating about it reaching 1Million mark? To quote Shakespeare
"There are more things in heaven and earth, Horatio,
Than are dreamt of in your philosophy. "
- Hamlet (1.5.167-8), Hamlet to Horatio

* At this ATH there are signs of more volatility in bitcoin price than getting to the stability. Just check how much swing is there.
* Not to sound pessimist but be aware of 'pump and dump' situation. Right now pump is at peak, wait for dump.

Memento

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Quote from: death69 on February 24, 2017, 04:54:04 AM

Quote from: DonnieDarko on February 24, 2017, 03:51:41 AM

Quote from: megynacuna on February 24, 2017, 03:42:41 AM

Quote from: Memento on February 24, 2017, 03:33:21 AM

Quote from: Windpower on February 24, 2017, 03:11:22 AM

Quote from: Memento on February 24, 2017, 02:03:47 AM

We always ask why Bitcoin price goes down or up?
But most important thing that we don't understand is that we control Bitcoin price.
You control Bitcoin price!
No Banks, No goverments...

If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...

That isn't how it works. We can't just start selling Bitcoin for a million dollars and expect people to buy it. If Bitcoin is really only worth 1.2k, then why the hell would anyone, in the right state of mind, buy Bitcoin for 1 million dollars. It just doesn't make sense. We are not the only people who control the price, there are a lot of things that add together to make the value of Bitcoin.

Bitcoin cost was 0.10$ cents now 1300$, why they should pay 1300$ instead of 0.10$ cents?
Because Bitcoin now worth more than cents, same would be with the million.
If Bitcoin costs a million, then it really costs a million.

I don't think it works that way because if we all decide to sell at that price ($1million) and the Altcoins which are capable of offering the same services as Bitcoin on the blockchain is selling at say 10$ give me a reason why they would opt for Bitcoin ahead of the other potential Altcoins?

Altcoins is like an counterfeit money, they steal the idea of Bitcoin, they worth nothing, only Bitcoin is the real thing. We have countires where we can buy everything with Bitcoin.

How dare you to judge something which you have no idea about? There are many altcoins which are even greater than Bitcoin. Bitcoin is only a prototype, the origin cryptocurrency and It can not be stronger as other cryptos which have been developed, fixed and improved. You should go home or people here will laugh at your face

We don't have better crypto than Bitcoin. Pokemon...

szpalata

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Quote from: bamboylee on February 24, 2017, 04:32:06 AM

If everyone is holding, then the price will not move, it will be stagnant. Price develops because there is demand, there is buy and sell. But if everyone is holding, nothing moves. Even the blockchain will be useless because there is no transaction to record.

Exactly, there will be no transactions to perform and the miners together with everyone on the blockchain would have to wait for tge whole world to agree to buy at our price before we roll the blockchain back in action. This is not a good idea OP, lets nurse Bitcoin to grow naturally.

slap

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When btc will hit the 1000000 mark, you dont want to change them for fiat. For now fiat is a nice reference.

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