$1 million for 1 bitcoin.Here is how - page 3.

Wapinter

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Quote from: talkbitcoin on March 18, 2016, 08:28:11 AM

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

... I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

nah, this is never going to happen. at least there should first be the mass adoption stage then there should be regulation and governments all over the world to set rules for using bitcoin then after that there is still a small possibility that that country accepts bitcoin as payment.

but what randy8777 above me said is the key to ridiculously high prices. if bitcoin enters wall street then there is going to be a massive demand that will shoot the price up.

Dont you think a failed state or IS can accept bitcoin for selling oil?They are not concerned about international laws and would not need to care even if they do not follow any regulation and if they find it hard to sell their oil freely,they can go for backdoor selling where bitcoin can be accepted by them

romero121

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Even prediction has certain limit. I don't think people will predict bitcoins price to such a high value without any valued reason.

talkbitcoin

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

... I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

nah, this is never going to happen. at least there should first be the mass adoption stage then there should be regulation and governments all over the world to set rules for using bitcoin then after that there is still a small possibility that that country accepts bitcoin as payment.

but what randy8777 above me said is the key to ridiculously high prices. if bitcoin enters wall street then there is going to be a massive demand that will shoot the price up.

randy8777

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there is really no point into thinking about these prices. but just to answer your question about how to make bitcoin reach much higher price levels than we currently have... two words. wall street.

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Quote from: AdamCox9 on March 18, 2016, 07:21:10 AM

or when the dollar crashes

Well, if the dollar crashes you're going to have a lot more problems to worry about than the price of Bitcoin. However, it might reach a high value in comparison to the dollar but that does not mean that it would have a high purchasing power (due to the crash).

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

I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

I don't see this happening in the foreseeable future.

AdamCox9

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To the moon!

or when the dollar crashes

GermanGiant

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The day bitcoin gets accepted at OPEC.

Wapinter

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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..

Topic: $1 million for 1 bitcoin.Here is how - page 3. (Read 2061 times)