Topic: 1 Million dollars per coin by year 2020. I am not kidding. - page 4. (Read 13723 times)
To add some perspective, the ~30,000 Bitcoins seized by the FBI from silkroad would be worth $30,000,000,000 if each Bitcoin was worth $1mil.
If everyone who had 1 Bitcoin became a millionaire then the world would have far to many millionaires and that status would not be as prestigious as today. Some people have thousands of Bitcoin so do the math, its pretty much impossible.
i think there is about 350 000 bitcoin owners in the world. if they all became milionaires/billionaires/dagobertducks they are still nothing compared to the currently at least 12 million existing millionaires.
Not all bitcoin owners have 1 BTC. For example me.
And for the price 1 Million dollars per coin, it really doesnt matter if some have thousands of Bitcoin, or many under 1 Bitcoin, there will be only 21 Million coins total
If everyone who had 1 Bitcoin became a millionaire then the world would have far to many millionaires and that status would not be as prestigious as today. Some people have thousands of Bitcoin so do the math, its pretty much impossible.
i think there is about 350 000 bitcoin owners in the world. if they all became milionaires/billionaires/dagobertducks they are still nothing compared to the currently at least 12 million existing millionaires.
those comments always make me keep my Bitcoins in my wallet instead of using them 
I hope u won't overkeep them.
those comments always make me keep my Bitcoins in my wallet instead of using them
The real test is whether even a small proportion of them can cash out without crashing the price.
This. There is so little money on exchanges now, so the money on exchanges has to increase at least 1000x
We all need to get a drink and chill out
Some of the future visions on here are positively scary..
Some of the future visions on here are positively scary..
As has been said, there doesn't need to be enough wealth in the world for something to be worth a certain amount. If everyone tried to sell all their bitcoins now they value would plummet to nothing almost instantly.
Supply and demand, if people want them and the supply isn't there than the value goes up.
Supply and demand, if people want them and the supply isn't there than the value goes up.
It's quite possible for a bitcoin to be worth US$1 million without 21 million * US$1 million having being spent on buying them, or even that much fiat existing in the world. Price is based solely on the last price bitcoin was traded for. Maybe we will see a speculative bubble of 'investors' swapping bitcoins between themselves until the price really skyrockets. The real test is whether even a small proportion of them can cash out without crashing the price.
Ever noticed how several mil on the markets push the so called bitcoin market cap up by a few bil? So atm there's like 100 times less at the exhanges than the market cap. looking at future pricing and extrapolating a bit it looks like 1 trillion on the exhanges could result in 100 trillion market cap easily. Resulting in a price of over 4 mil. Imo, we'll reach a mil/btc easily.
Whenever these posts start appearing it means a crash is incoming. 
youse a crazy rabbit.
I think $1 million by 2020 is pessimistic.
By 2020 we will be able to ride our flying cars to different countries to arbitrage localbitcoins very easily.
That's more like it!
By 2020 You'll be able to send bitcoin (and only bitcoin) to Magrathea 2.0 to purchase custom universes.
By 2020 we will be able to ride our flying cars to different countries to arbitrage localbitcoins very easily.
What do you think?
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
EDIT: And I am talking 1 million in todays dollars.
It's so funny to think that we are living a time where anyone with couple of hundreds dollars can just choose to be millionaire in a couple of years.
EDIT: And I am talking 1 million in todays dollars.
Just tell me how much million dollars a cup of tea will cost that day.
1- What can you buy with a 1 million $ if it happens that's what matters .
2- Many will get out on the way up at 1K 2K ... etc .
3- If it spikes to 1 million $ you wont be able to get out , it is a temp spike then back down , exchanges down ... etc .
4- We are currently in a bubble as it is yes it may spike to few Ks but that's it a spike and @ $100 again is not out of the question .
2- Many will get out on the way up at 1K 2K ... etc .
3- If it spikes to 1 million $ you wont be able to get out , it is a temp spike then back down , exchanges down ... etc .
4- We are currently in a bubble as it is yes it may spike to few Ks but that's it a spike and @ $100 again is not out of the question .
Tax heaven bank accounts hold 30 trillion dollars? But there are only 3 trillion dollars in existence.
You know that dollar isn't the only currency in the world?
So 30 trillion is not the sum of safe heaven usd accounts, but just an usd evaluation of deposits in all the currencies?
A bank account is not a container that "holds" currency. When you deposit a $100 bill at your local bank, they don't take that physical bill and put it "in" your account.
Most of the "dollars" in the world are in the form of US Treasury paper. Paper dollars are only a tiny fraction of the dollars in the world.
This is why I think $100,000 is a very high top for bitcoin. I expect something in the 5 digit range honestly.
Tax heaven bank accounts hold 30 trillion dollars? But there are only 3 trillion dollars in existence.
You know that dollar isn't the only currency in the world?
So 30 trillion is not the sum of safe heaven usd accounts, but just an usd evaluation of deposits in all the currencies?
If everyone who had 1 Bitcoin became a millionaire then the world would have far to many millionaires and that status would not be as prestigious as today. Some people have thousands of Bitcoin so do the math, its pretty much impossible.
Well there can even theoretically be only 21 million people with 1 Bitcoin and of course the real number will be much lower because many people have much more and all the lost coins etc.
And today there is approximately 10 million people today with net worth more than 1 Million excluding their apartment. So your argument basically makes no sense what so ever.
I did a quick search and apparently around ~12 million people in the world are millionaires. It just seems disproportionate to me to think that even 5 Million people with 1 Bitcoin could become millionaires. Obviously this discounts the possibility of Bitcoin becoming the new world currency. I should add that it is Friday and I have been drinking lots of beer so I might disagree with my posts tomorrow.
Bitcoin is like a vacuum sucking the money wasted in the economy from a corrupt and inefficient monetary system and transferring those funds to the early adopters. It's not a zero-sum game, the number of millionaires in the world goes up. Bitcoin creates new wealth by virtue of its value as a monetary infrastructure for society.
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