> 1 millon for a Bitcoin is this fiction or reality?
There are only 2 possible outcomes
a) ZERO
b) 1,000,000+
but I do not know time constraints
Topic: 1 millon for a Bitcoin is this fiction or reality? - page 3. (Read 3008 times)
People says 1 BTC will be cost 1 Million do you believe in that?
It is definitely possible.
The fact is that hyperinflation is especially dangerous and could happen to any country at any time. If it happens to the US, and people start dumping their fiat to get their hands in some bitcoin then $1 million would be no big deal here.
But then, $1 million would be worth significantly less than it currently it is worth.
We all knew that bitcoin price so volatile and it use to fluctuate all the times. Now the TD is good for bitcoin and value is increasing bit faster than last month. Anyone can expect the bitcoin in higher but according to the marketplace reaction only value will be defined.
From my side, I think we can see 5k in this year end not more than that.
. Irrelevant but I'm buying a lot of amount of Ethereum to increase my bag 
That's too impossible for me to think it for now but again I can't be so sure. There's only two things that btc can go which is continue to go up or go down. I'm sure that fluctuations on its price will still happen every year so no.
Yeah I agree, it is really impossible to think especially this early? Bitcoin price is far from 1 million is you compare it today. It is far to think that bitcoin price can reach that amount, but if its possible well that is also good. But I don't want to expect, I am still happy having my bitcoin today. This can possibly happen if full acceptance of the government will be given to bitcoin, if the country will have bitcoin as their main currency or even major currency of the world then bitcoin needs to sustain the growing demand and must have enough supply, and knowing the fact that bitcoin has only limited numbers in the circulation the only way it can provide for supplies is to increase the demand which can possibly a cause for 1 BTC = 1M
That is really possible but it happening soon or sooner than we expect is highly unlikely. Btc will probably take decades more before reaching that price. For now it is a fiction and acceptance of government and people is not enough to make it a reality. It also does not need to be the main currency to achieve that price. Instead it only needs to be as a substitute for credit cards and must have a constant stream of demand in order for the speculated price to be seen in reality.
This can possibly happen if full acceptance of the government will be given to bitcoin, if the country will have bitcoin as their main currency or even major currency of the world then bitcoin needs to sustain the growing demand and must have enough supply, and knowing the fact that bitcoin has only limited numbers in the circulation the only way it can provide for supplies is to increase the demand which can possibly a cause for 1 BTC = 1M
People says 1 BTC will be cost 1 Million do you believe in that?
It is definitely possible.
The fact is that hyperinflation is especially dangerous and could happen to any country at any time. If it happens to the US, and people start dumping their fiat to get their hands in some bitcoin then $1 million would be no big deal here.
But then, $1 million would be worth significantly less than it currently it is worth.
We all knew that bitcoin price so volatile and it use to fluctuate all the times. Now the TD is good for bitcoin and value is increasing bit faster than last month. Anyone can expect the bitcoin in higher but according to the marketplace reaction only value will be defined.
From my side, I think we can see 5k in this year end not more than that.
People says 1 BTC will be cost 1 Million do you believe in that?
It is definitely possible.
The fact is that hyperinflation is especially dangerous and could happen to any country at any time. If it happens to the US, and people start dumping their fiat to get their hands in some bitcoin then $1 million would be no big deal here.
But then, $1 million would be worth significantly less than it currently it is worth.
It can be reality but it will need huge amount of transactions volume and a lot of users to use Bitcoin, but from the present circumstances, the chances will be less than 1% that it could happened, if the price is too high people will hesitate to invest in it, they will choose another cheaper coin to invest
Currently the ratio of people using bitcoin in the world is too tiny. The price will never be an issue to attract people from investing into it. People were hesitant when it was available a bucks, now everyone knows about it's potential. It is currently fighting with the old or traditional financial system and we can see it's price growing high which indicates that bitcoin is progressing. With the passage of time the ratio of people using bitcoin will increase further and no doubt bitcoin value will be a one million. Bitcoin price is determined by it's demand. The higher the demand the higher will be its value.
It can be reality but it will need huge amount of transactions volume and a lot of users to use Bitcoin, but from the present circumstances, the chances will be less than 1% that it could happened, if the price is too high people will hesitate to invest in it, they will choose another cheaper coin to invest
In that case it might happen,I guess because people are trusting bitcoin already though they are a few of them but at least they keep on using bitcoin. One million is really big but who knows those promising millionaires are now becoming hopeful for this thing. Chances are quite easy for investors who are for long term holders and a trader itself. It isn't a fiction if only the person knows well about bitcoin,I mean every detail of it. After which,it will become a reality soon. 
I won't say that $1M/bitcoin will never happen, but if it ever does, it's going to be a very long time from now. I think bitcoin still has a lot of potential to rise a lot over the next few years, but at a certain point, it becomes harder and harder to keep bidding up the price because there's only so much money in the world. $1M/bitcoin would mean a market cap of $1M/bitcoin x ~20M bitcoins = $20T. That's a little more than the GDP of the entire United States. The only two ways I can reasonably see that happening (other than waiting hundreds of years) is 1) a large enough country actually adopts bitcoin as its official currency, which I don't think is going to happen, or 2) the USA goes through a period of extreme hyperinflation, which results in a much weaker dollar and thus a much higher bitcoin-USD exchange rate.
For now it is a fiction. It will become reality if it comes true. Something that does not exist or never happen is not reality. Though it might not happen anytime soon, i also believe it will in the next century. So bitcoin for a price of 1 million dollar is a fiction today.
It could happen in the future if more countries are legalizing the use of bitcoin. Nowadays a growing number of companies and entrepreneurs who use the services of bitcoin, this will make the price of bitcoin will be higher.
It can be reality but it will need huge amount of transactions volume and a lot of users to use Bitcoin, but from the present circumstances, the chances will be less than 1% that it could happened, if the price is too high people will hesitate to invest in it, they will choose another cheaper coin to invest
I won't say that $1M/bitcoin will never happen, but if it ever does, it's going to be a very long time from now. I think bitcoin still has a lot of potential to rise a lot over the next few years, but at a certain point, it becomes harder and harder to keep bidding up the price because there's only so much money in the world. $1M/bitcoin would mean a market cap of $1M/bitcoin x ~20M bitcoins = $20T. That's a little more than the GDP of the entire United States. The only two ways I can reasonably see that happening (other than waiting hundreds of years) is 1) a large enough country actually adopts bitcoin as its official currency, which I don't think is going to happen, or 2) the USA goes through a period of extreme hyperinflation, which results in a much weaker dollar and thus a much higher bitcoin-USD exchange rate.
People says 1 BTC will be cost 1 Million do you believe in that?
It is possible but it would take many years for it to become a reality. 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. A very high number of demand is also needed in order to attain that price so Bitcoin must be known by many people. And these people should be holding some Bitcoins. If these are met, we might see Bitcoin within that range.
I don't believe in such results. The growth of prices of bitcoins will continue but not to such an extent. It seems to me that bitcoin now is an indicator of inflation of the dollar. As soon as the American government will feel the pressure of bitcoin on the dollar, they will start a war with him. It is not known who else will win this war.
I don't think btc will reach 1m in any of our lifetimes, it seems like too large of a rise. I hate being wrong but I really hope I am wrong!
People says 1 BTC will be cost 1 Million do you believe in that?
I have a strong feeling that this is going to come, it doesn't matter to me on how long I should wait but I believe that this is going to happen. Early investors and adopters didn't even think that bitcoin will reach $4,000 because it's too high for their expectation. And the same thing for us, it's quite high in our mindset but who knows maybe after 5-10 years we'll see it happening for real.
That's too much for a bitcoin price, maybe a profit to every investor but not bitcoin value will come to that scenario. It will remain a fiction and not a reality for all of us.
I seriously believe that a day is coming when one bitcoin will actually be equal to $1,000,000. Many people are buying into the ideas of blockchain technology and the demand for bitcoin keep on increasing day in day out and if we sustain this great momentum we are having, then in few years from now we may achieve that price.
People says 1 BTC will be cost 1 Million do you believe in that?
Frankly speaking this thing would really be a fiction.Im a believer on bitcoin but setting up exagerrated assumptions for this kind of price range isnt right anymore.Thinking off if 1 btc is a million dollar cost,what would be the total of its marketcap?For sure it would surpass all of the local fiat currencies all over the world and i would like to ask,is the government wont do such act? For sure they would.What gov? Act how? I assume you mean America and they actually do not rule the world. Brutal inflation happens pretty often the idea it will not is going to decimate people..
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