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Topic: 1 millon for a Bitcoin is this fiction or reality? - page 6. (Read 3008 times)

sr. member
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People says 1 BTC will be cost 1 Million do you believe in that?

It is possible and i believe that the price can be value at 1 million in a less year.  Too much demand of bitcoin the more chance that bitcoin can be rise.
I disagree. Maybe in the future it will happen but not able to so quickly. agree too much demand of bitcoin the more but when it rises higher price means it faces many dangers come from the technology
hero member
Activity: 588
Merit: 541
"No way Bitcoin could reach $4000 in the next 5-6 years" so many people said before 2017 but they were all talking out of their asses mate, maybe

$1,000,000/BTC is miscalculating the difficulty adjustments over time, with such a huge difficulty miners will require an amount of electricity that no

Country on the planet could provide, by then the cost of mining is so high that you could build a country with a powerful army instead of mining crypto.
hero member
Activity: 700
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I still think $100k is possible but $1 million per bitcoin seems over speculation.
I am a long term investor of bitcoin but we can make a lot more from trading those bitcoin in short terms than what we might get from simply holding bitcoin.
member
Activity: 88
Merit: 10
People says 1 BTC will be cost 1 Million do you believe in that?

Fiction more then reality. Cant say for sure it will be possible but for the moment this is really impossible we need first to get on some 10k 100k before we could even think to be on 1 million for single bitcoin.

This might happen but most likely that many wont see this price in this life time, its good for speculations but still unreal price to be at the moment.


It absolutely can't be 1 million dollars per bitcoin. We need to be realistis at this point even we're a nice supporter of bitcoin.

The limit will ve exist when bitcoin tries to climb up to the ceil.
hero member
Activity: 980
Merit: 500
I think it is possible for Bitcoin to reach 1 million and it is never impossible to reach that amount as well though time will only tell us when that will happen. We can't say it is reality though because it has not happened yet nor can we say it is fiction because it is not impossible also.

It may be possible. Just this year, I didn't think that the bitcoin price would reach up to this point so anything may be possible even if it doesn't seem like it. If this were to happen, then those who were able to acquire bitcoins in the past are very lucky and in contrast, it would be very hard for people to earn even just one bitcoin at that rate. As of this moment, I already find it hard to acquire 1 BTC (unless you are rich) so what more when it has the value of 1 million.

Anything is possible with bitcoin and the 1 million price I think we would need another decade for the bitcoin to reach that value, well that is just my speculation on a million value, but I think the value to target first is the $5000 mark value, because it is the most nearest one to make it, well we can surely see it if it's not for the resistance right now, and the new that South Korea ban ICO had made the price very crucial right now.
sr. member
Activity: 346
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Very possible for the upcoming year
full member
Activity: 686
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I think it is possible for Bitcoin to reach 1 million and it is never impossible to reach that amount as well though time will only tell us when that will happen. We can't say it is reality though because it has not happened yet nor can we say it is fiction because it is not impossible also.

It may be possible. Just this year, I didn't think that the bitcoin price would reach up to this point so anything may be possible even if it doesn't seem like it. If this were to happen, then those who were able to acquire bitcoins in the past are very lucky and in contrast, it would be very hard for people to earn even just one bitcoin at that rate. As of this moment, I already find it hard to acquire 1 BTC (unless you are rich) so what more when it has the value of 1 million.
legendary
Activity: 1414
Merit: 1039
People says 1 BTC will be cost 1 Million do you believe in that?
McAfee has speculated 1bitcoin to be $500,000 therefore $1million is very possible. Bitcoin may become currency of the future and either way, were we are today is still at the infancy stage and bitcoin is not know by 95% of the world populations. Most of the online's mainstream retails and wholesales shops are not accepting bitcoin now as a mode of payment and I do believe because of the beauty of this technology and its important to solve most of the financial problems we are facing now there may accept it before next year, we may go mainstream before 2020.

Speculations really don't mean anything, regardless of who they come from. In the end, they're all just guesses (that may be educated ones). Right now, I think a good focus goal would be 10k. We don't even know if Bitcoin will hit this marker yet, so until we get to these baby steps, I think the speculation for the step above is practically useless.
sr. member
Activity: 882
Merit: 269
People says 1 BTC will be cost 1 Million do you believe in that?
McAfee has speculated 1bitcoin to be $500,000 therefore $1million is very possible. Bitcoin may become currency of the future and either way, were we are today is still at the infancy stage and bitcoin is not know by 95% of the world populations. Most of the online's mainstream retails and wholesales shops are not accepting bitcoin now as a mode of payment and I do believe because of the beauty of this technology and its important to solve most of the financial problems we are facing now there may accept it before next year, we may go mainstream before 2020.
legendary
Activity: 1484
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People says 1 BTC will be cost 1 Million do you believe in that?

Fiction more then reality. Cant say for sure it will be possible but for the moment this is really impossible we need first to get on some 10k 100k before we could even think to be on 1 million for single bitcoin.

This might happen but most likely that many wont see this price in this life time, its good for speculations but still unreal price to be at the moment.
newbie
Activity: 18
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"1 Million for a BITCOIN" It can happen but we need to be patient and wait for another decade. It will not happen in a matter of year or 2 years it will take time. There will be Up's and Down's for all the cryptocurrencies to surpass. Also, cryptocurrencies are not yet accepted to some other country. If you have faith in bitcoins hold them tightly and don't sell them whatever happens to the economy Smiley
full member
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It's a fiction for sure
legendary
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Yes, within 20 years.
sr. member
Activity: 406
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People says 1 BTC will be cost 1 Million do you believe in that?

Yes, but by that time $1,000,000 will only be worth $100,000 in today's terms.  Grin
full member
Activity: 504
Merit: 102
People says 1 BTC will be cost 1 Million do you believe in that?
It's not impossible but won't be happening anytime soon. You should be considering the market cap and demand when expecting such value of bitcoin. And do keep in mind that bitcoin is still in its infant stage.
It might happen if you are saying that it won't happening soon look at the bitcoin rate it is going high once again so expecting in the end of year it will reach to 10,000USD.
hero member
Activity: 2198
Merit: 838
Certainly possible. But that would be at the point when the whole world uses bitcoin. We're talking billions of people.

So the real question is, can bitcoin scale to billions of users while lowering fees back down to the order of a few cents??

On-chain can never handle that many transactions. So if there is a secure, well designed, cheap, and easy to use off chain solution, in addition to more on-chain scaling in the future, then bitcoin can get to billions of users. Current prospect is Lightning Network but from what I've heard I think it is pretty up in the air as to whether that is the scaling solution we are looking for.


But if bitcoin can successfully handle the daily transactions of a few billion people, then yeah I think that could put bitcoin at around $1 million USD. It's definitely more than a decade out, maybe in the 2030's if it does happen. At the very least I think we'll be somewhere in the six-digits in 5 years.
copper member
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People says 1 BTC will be cost 1 Million do you believe in that?
It's not impossible but won't be happening anytime soon. You should be considering the market cap and demand when expecting such value of bitcoin. And do keep in mind that bitcoin is still in its infant stage.
legendary
Activity: 3556
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Definitely possible but not for quite a while I think. Maybe in about 10 years but not in the short to medium term future.
hero member
Activity: 966
Merit: 506
People says 1 BTC will be cost 1 Million do you believe in that?

Why ask? It is going to be what it is going to be. Perhaps less focus on predicting the far future and more effort on developing the here and now and we will have few issues around. But, of course you can do as you wish, but I think that this is the underlying issue that makes us an outcast in the true development world. We should focus on things which can make bitcoin value this much high in reality.

hero member
Activity: 2310
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That looks fictional, but if the entire world accepts bitcoin surely the price peaks high to certain level because of the limitations on the supply of coins through mining. If this happens in reality the entire population will be elite, but I don't know how the value will be calculated, because at present we valuate equaling it to USD.
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