Topic: $1 million for 1 bitcoin.Here is how (Read 2061 times)

Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

Gold is NOT an investment. I really wish some of you people knew what you were talking about before you ramble on and spread misinformation. Gold is a monetary storage vehicle. It's not meant to bring profit; it's simply meant to keep up with inflation. No more, no less. "Investment" insinuates you're in it to bring a positive return -- keeping up with inflation is simply a net-zero effect.

Making an investment is not for sure that you can earn some money. Because the value can also be down and that you will lose money, so that will be not good.
But I dont think it is possible to have 1 Bitcoin for 1 million. That is impossible, otherwise people are now buy some Bitcoins.

ranlo

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Quote from: neonshium on March 21, 2016, 06:50:08 AM

Quote from: Wapinter on March 21, 2016, 05:23:38 AM

Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

Gold is NOT an investment. I really wish some of you people knew what you were talking about before you ramble on and spread misinformation. Gold is a monetary storage vehicle. It's not meant to bring profit; it's simply meant to keep up with inflation. No more, no less. "Investment" insinuates you're in it to bring a positive return -- keeping up with inflation is simply a net-zero effect.

neonshium

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Quote from: Wapinter on March 21, 2016, 05:23:38 AM

Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

Wapinter

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Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

praprata

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Quote from: newcoins1978 on March 21, 2016, 04:27:50 AM

Quote from: nostal02 on March 21, 2016, 12:22:47 AM

Quote from: pissedoff on March 19, 2016, 03:26:15 PM

This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

That will not happen. Because that is really a high worth and that will not happen. It is impossible and that is logic.
You can see that it will rise slowly but you never know what can happen with the value.

Of course this will not happen this is just too much for the bitcoin itself, its even have to proof itself to most people these days.
Maybe it will even not reach the 1k anymore these days that already says enough right ?

Lutzow

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Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

Exactly, and will there be enough buyers still? There are altcoins out there that are having better features than bitcoin without the blockchain drama and mining issues so it won't take a lifetime for some whales to notice that and make good use of it.

ranlo

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Quote from: Wapinter on March 18, 2016, 06:17:04 AM

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

Wapinter

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Quote from: nostal02 on March 21, 2016, 12:22:47 AM

Quote from: pissedoff on March 19, 2016, 03:26:15 PM

Quote from: nostal02 on March 21, 2016, 12:22:47 AM

This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

Bitcoin is not your traditional minted at will currency.You can not find any precedence to compare it with bitcoin.1 million may be far but not impossible.Remember bitcoin was $0.03 during its initial days and today it is more than $400 who knows it would be $40,000 in next 10 years

newcoins1978

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Quote from: pissedoff on March 19, 2016, 03:26:15 PM

Quote from: nostal02 on March 21, 2016, 12:22:47 AM

This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

That will not happen. Because that is really a high worth and that will not happen. It is impossible and that is logic.
You can see that it will rise slowly but you never know what can happen with the value.

lixer

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-snip-
It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

But bitcoin is going to create the history. Now people are comparing bitcoin to gold on ounce basis, when bitcoin moves into one kilo gram comparison into gold, then we can expect bitcoin prices riding in millions.
This is one simple example stating the chances for bitcoin prices to rise into million. There are lot of other possibilities also like trading in satoshi.

nostal02

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Quote from: pissedoff on March 19, 2016, 03:26:15 PM

Quote from: BitAurum on March 20, 2016, 05:05:59 AM

This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

beastmodeBiscuitGravy

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This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

Isn't 2020-2021 too early for bitcoin to overtake Paypal and many of the major payment networks?

Found the zionist bankster shill.

European Central Bank

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Easy. Crash all the exchanges. Open up a new one with one 1 satoshi for sale on it for 1 cent. Sell it to some noob fresh from Ebay. Pop the champagne corks.

BitAurum

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This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

Isn't 2020-2021 too early for bitcoin to overtake Paypal and many of the major payment networks?

pissedoff

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This thread is filled to the brim with noobs and shills. Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future. It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

MaxTax

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