That would make it 1.5 times more valuable than gold at current supply levles. That would have to mean governments were getting in on it but doesn't feel too likely right now but who knows what the future holds.
That's at current buying power. If bitcoin survives a one million dollar valuation is inevitable due to nothing but inflation.
Topic: 1 millon for a Bitcoin is this fiction or reality? - page 7. (Read 3018 times)
if bitcoin cost 1million USD, that probably means it has massive application, and it would have probably replaced USD?
Also one rumor is that China will reopen exchange at the end of October, if this is true, the price will go through roofff.
Also one rumor is that China will reopen exchange at the end of October, if this is true, the price will go through roofff.
People says 1 BTC will be cost 1 Million do you believe in that?
But you did not say 1 million of what currency,you probably think of the american dollar which is lost in value and which will be further weakened compared to some other currencies.My opinion is that such high value of 1 BTC can be reached in future if it were recognized throughout the world as a legitimate currency of payment.Considering that some countries are working on their own development of digital currency I doubt that BTC have chance to become so powerfull.
I think it's still too exaggerated expect such high price because we are so far away from 10 000$ and most of us would be happy to see 100 000$ during our lifetime
if one could say that it would top gold market cap (some 7 trillion) then the price of btc should be around 333k , some 1/3 of a million (if all 21 millions ever mined)
And we all know or understand (or at least only me) that it will not be like gold for the simply reason that hundrends or thousands of crypto alt currensies will exist in the near future, offering exact same futures, or maybe even better than btc (i mean we don't really expect that state governments will not compete one way or another with the btc creating their own versions or new ones. )
just my 2 cents
PS ofcourse there is always the possibility that US$ collapse , taking with it the whole world , and then the US$ might devalue so much that 1 million might happen really soon, but buying power will also be different
And we all know or understand (or at least only me) that it will not be like gold for the simply reason that hundrends or thousands of crypto alt currensies will exist in the near future, offering exact same futures, or maybe even better than btc (i mean we don't really expect that state governments will not compete one way or another with the btc creating their own versions or new ones. )
just my 2 cents
PS ofcourse there is always the possibility that US$ collapse , taking with it the whole world , and then the US$ might devalue so much that 1 million might happen really soon, but buying power will also be different
I do not believe in such sky-high perspective but on the other hand who in 2010 was able to believe that bitcoin will be worth $ 4,000. Bitcoin has the ability to surprise. But for me the price of bitcoin is not the most important of its advantages. I like it and its present price.
I want to say impossible but the price spike of BTC over the years is making me question it.
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.
Yes, that is true.
I agree with what you say. but sometimes they often ask excessive, I don't know they are still true newbie or just make it up. but from most who make heading rank newbie, all questions tend to be silly.
People says 1 BTC will be cost 1 Million do you believe in that?
Hmm, It is possible, but it might take so many years.The most likely to happen is around 10k-100k. So 1M is a bit too much, I think.
Well, I am hoping for it, too. Who wouldn't?
if 21 million people use bitcoin and we are about 7000 million people that means when 7000 million people can use bitcoin each one can worth
if 21.000.000 ----> 4000$
7.000.000.000 ----> x
x= 1.333.333,33 $
if 21.000.000 ----> 4000$
7.000.000.000 ----> x
x= 1.333.333,33 $
People says 1 BTC will be cost 1 Million do you believe in that?
Hmm.. although it may seem a little bit too surreal or exaggerated at first thought, it really can be something achievable. The reason why I believe this can happen is because if you think about the history of bitcoin from the very beginning till now(which was from nothing to something big), it really has gotten far. And with every adversity it only got better. So I think a million wouldn’t be something that is impossible to achieve when it comes to bitcoin. Although we might not be able to reach that with our age, but i think it will probably happen some time in the future. Either that, or it becomes just a memory from the past in the future and soon forgotten.
If bitcoin is ever going to be used by the masses, the price should get up to at least a million dollars, in order to give value to small amounts and so that a lot of people can own it. I see it as definitely possible, but I don't think it's going to happen within the next few years. But I've been totally wrong about crypto before, so my thoughts don't mean a hell of a lot.
Can you imagine how rich these people from Africa, the Philippines, and the rest of the poor countries would be just from presently working on sig campaigns--assuming they save it and don't gamble or whatever. Campaigns will probably only pay a few satoshis, and unfortunately the network fees would probably be unheard of. That's something I don't look forward to.
Can you imagine how rich these people from Africa, the Philippines, and the rest of the poor countries would be just from presently working on sig campaigns--assuming they save it and don't gamble or whatever. Campaigns will probably only pay a few satoshis, and unfortunately the network fees would probably be unheard of. That's something I don't look forward to.
Remember this always, nothing is impossible 
if it will hit 100k i wont eat my d on national televesion but it is a good signal that in 50 years could hit 1mili 
a very interesting topic to discuss
I hope it can be a reality in the future
maybe this time is just a dream but in the future I believe it can happen
I hope it can be a reality in the future
maybe this time is just a dream but in the future I believe it can happen
when bitcoin first time to launch on 2009 maybe nobody thought currently will pretty expensive but nothing impossible in cryptocurrency and maybe someday it will happened but long time journey are necessary to makes bitcoin reach to those amount but i believe in the future bitcoin will worth more than $10k
Possible yes.
If many countries go the japan route then it could start to get into those kind of numbers. I would think 250k would be doable inside a year if the eu, us, china (total reversal) , etc all started being super pro btc.
Probable - we'll see
If many countries go the japan route then it could start to get into those kind of numbers. I would think 250k would be doable inside a year if the eu, us, china (total reversal) , etc all started being super pro btc.
Probable - we'll see
ah but Cryptohunter the most important word in your post is "IF"
why would the EU, US and China totally leave bitcoin alone to be
mass adopted, they would want a slice of the action in taxes I figure
its difficult to call this one.
How much was bitcoin worth in 2009? How much has it gone up since then?
in 2009 buying Bitcoins for $30 was easy, not so easy to buy 1 bitcoin now
and will be harder to buy 1 bitcoin when it reaches $7500 and so on.
I think this price is quite real in 5-10 years, but not now. Considering what volatility the market has in the long-term. But even if this forecast is 10%, will we be very upset?)
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There have been so many answers to that question. Even the most important people in the world of cryptos agree on that questions. Most forecasts I’ve seen predict between 100.000$ and a 1.000.000$. Some even more than that. And some other financial experts say that it is a bubble and that it will blow up one day. So there is no way you are going to know for sure.
How much was bitcoin worth in 2009? How much has it gone up since then?
it is really very difficult to say, and to me it sounds very far fetched
or unrealistic to think or hear that it could be priced at $1m.
It can definitely climb a lot higher than it is today as others have
mentioned 10K or 20K but after that it would need massive adoption
globally to reach the golden figure of $1m.
or unrealistic to think or hear that it could be priced at $1m.
It can definitely climb a lot higher than it is today as others have
mentioned 10K or 20K but after that it would need massive adoption
globally to reach the golden figure of $1m.
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