$10,000,000 by 2028 - page 7. | Bitcointalksearch.org

eann014

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Quote from: BillyBobZorton on June 27, 2018, 06:36:38 AM

I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

I think it is too early to discuss this for about 7 yrs from now. And is there a proof that it will really happen in the future? How can you be so sure about this? If there is a proof then that is a good thing, and maybe if a lot of investors knows this, for sure they will invest right now because bitcoin is having a lot of dips right now, so this is the right time to invest.

Wind_FURY

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Quote from: Lucius on June 28, 2018, 05:18:12 AM

Quote from: Wind_FURY on June 28, 2018, 01:45:54 AM

I am contemplating this again. But if you bought Bitcoin on 2011 and someone told you that it will reach an all time high of $20,000 by 2017, would you believe him? I believe you and I will react the same and say it would be "science fiction". It might be good to hope for $10,000,000 and be happy in $1,000,000. Cool

It is wrong in my opinion to compare 2011 and 2017, this was just a beginning of cryptocurrency and completely different time. From 0 to 20 000$ is an impressive achievement, but also look where we stand now. Few months ago Tim Draper is announced his prediction for year 2022, he belive price can reach 250 000$ then, this is something what is achievable. Time will tell who was right and who's not, but before any million-dollar price speculation we need to focus more on six figures numbers.

I know, I was exaggerating a little. But the argument still has a point. We should understand that Bitcoin is an "invention" that is as big as the telephone, the airplane, the internet, etc. Plus it has shown its capacity that it can become a global reserve currency that's not controlled by any state.

It is an independent financial system, not a small digital payments "consumer product".

Lazada

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Quote from: Totscha on June 28, 2018, 06:12:30 AM

Some basic common sense and math are missing in this prediction. $10mil per BTC would bring the marketcap to three times the current money supply in the world.

Even if BTC is the only currency by then, it would require us to have an average 10+% yearly economic growth worldwide. Year on year, for the next 10 years.

Let that sink in...

For me it is a mystifile thing, although Bitcoin often delivers wonders but the market cap of that size still seems to be on a very distant path with realistas. Especially now there are many digital finance media, so there must be competence. Bitcoin can indeed show a very active movement, but rationally I would like to say that the comparison with the velocity of money in the world is equivalent and will not be much different. 10 years is a short time so it will look more rational compared to $ 10,000,000.

BillyBobZorton

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Quote from: Lucius on June 28, 2018, 05:18:12 AM

On the contrary, I'm not pessimistic but just realistic person. Here we discuss the possibility that 1 BTC can reach value of 10 million $ in next ten years, so 1600+ times from current value to reach to this objective. I do not say it is impossible, but 10 years it too short period of time.

I disagree, I find 10 years an eternity in Bitcoin terms, SO many things can happen in 10 years, anything is possible. 10 years in Bitcoin is like 100 years in the legacy economy. I believe we will go through a period of disbelief in Bitcoin again (as we are seeing now), this may continue for X year, THEN once people realize Bitcoin is immortal the FOMO will kick in in levels never fathomed before, for anyone not wanting to hold their wealth in an immortal store of value will be deemed a fool.

lavapits

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I don't think it is possible, I saw the calculation about the maximum price of the bitcoin a while ago and it said that if it replaces all the money in the world it would be worth around 3 million dollars. Still quite some potential to grow but I doubt there will be any more 1000x gains like in the good old times.

Totscha

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Some basic common sense and math are missing in this prediction. $10mil per BTC would bring the marketcap to three times the current money supply in the world.

Even if BTC is the only currency by then, it would require us to have an average 10+% yearly economic growth worldwide. Year on year, for the next 10 years.

Let that sink in...

Lucius

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Quote from: Coffee135 on June 27, 2018, 08:02:05 AM

It seems to me that you are very pessimistic about bitcoin. We have repeatedly seen how bitcoin has grown in price by 10 times in one year. Even if we assume that half of 10 years will be spent on price correction bitcoin has all chances to reach the price of 1000000 dollars by 2028 year. Now, that seems like a fantasy, but let's see what happens next year.

On the contrary, I'm not pessimistic but just realistic person. Here we discuss the possibility that 1 BTC can reach value of 10 million $ in next ten years, so 1600+ times from current value to reach to this objective. I do not say it is impossible, but 10 years it too short period of time.

Quote from: Wind_FURY on June 28, 2018, 01:45:54 AM

I am contemplating this again. But if you bought Bitcoin on 2011 and someone told you that it will reach an all time high of $20,000 by 2017, would you believe him? I believe you and I will react the same and say it would be "science fiction". It might be good to hope for $10,000,000 and be happy in $1,000,000. Cool

It is wrong in my opinion to compare 2011 and 2017, this was just a beginning of cryptocurrency and completely different time. From 0 to 20 000$ is an impressive achievement, but also look where we stand now. Few months ago Tim Draper is announced his prediction for year 2022, he belive price can reach 250 000$ then, this is something what is achievable. Time will tell who was right and who's not, but before any million-dollar price speculation we need to focus more on six figures numbers.

Wind_FURY

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Quote from: Lucius on June 27, 2018, 07:52:26 AM

Quote from: BillyBobZorton on June 27, 2018, 06:36:38 AM

I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

Never say never when it comes to BTC, but in my opinion 10 milllion $ by 2028 is science fiction. Halvings are important factor for BTC, but only incredibly strong demand can push price so high - even with that you do not count on corrections which are inevitably occurring when it comes to cryptocurrency.

Only way to see such price in next 10 years is that most of world countries start to buying BTC like they buying gold or silver today. I can not even imagine something like that happens, even 10% of that price would be just enough for me and for 99% of holders.

I am contemplating this again. But if you bought Bitcoin on 2011 and someone told you that it will reach an all time high of $20,000 by 2017, would you believe him? I believe you and I will react the same and say it would be "science fiction". It might be good to hope for $10,000,000 and be happy in $1,000,000. Cool

Morgann

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Quote from: BillyBobZorton on June 26, 2018, 07:26:04 AM

That's right, im making the prediction. In 10 years Bitcoin will have a marketcap of several trillions. Most fiat sitting in dumb places like bonds, derivatives, idiotic stocks, easy to counterfeit metals such as silver and gold... will be sitting on the capital B blockchain.

We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

Go all in and hold.

If the market price will be always multiplying its price into two every year then it was very possible for the price of cryptocurrency to reach $10m dollar by that year.

timerland

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Quote from: BillyBobZorton on June 26, 2018, 07:26:04 AM

That's right, im making the prediction. In 10 years Bitcoin will have a marketcap of several trillions. Most fiat sitting in dumb places like bonds, derivatives, idiotic stocks, easy to counterfeit metals such as silver and gold... will be sitting on the capital B blockchain.

We'll go parabolic in ways never fathomed before. After we gross the first million barrier it will open Pandora's box. Minds will be blown, everything will become possible. Anyone not holding wealth in Bitcoin will have their goods at constant systemic risk.

Go all in and hold.

I agree with you that we'll see a huge adoption wave coming into bitcoin. Capital will flow into bitcoin as more and more people realize that bitcoin is one of the only safe havens out there that is able to store your wealth in.

Institutional investors are only starting to come into the markets, and this trend should continue for the next decade for sure.

I really doubt that $10 million is possible though, unless we see an extremely hyperinflated fiat currency that leads to a parabolic increase in BTC's nominal prices as well. However, there will definitely be huge gains in the long run with BTC until adoption reaches its max potential. Also taking into consideration the fact that the limit to the supply of BTC is hardcoded, BTC is going to most likely not only store its value but also increase in value in the coming decade.

Despite the bear market right now, I'm still extremely bullish on bitcoin in the long term.

eekkaa

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I see your prediction is too excessive bitcoin price in the future year in 2028 so far no one can predict how much the price will be but clearly the bitcoin price is affected from the demand factor and the total supply available, the total supply bitcoin is very thin then the price bitcoin can also be very expensive.

oegarod

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We're not in a situation to predict the outcome for the ongoing by this year. With this in mind, it is really hard to predict the price of bitcoin to be around the year 2028. The days were bad for the entire cryptocurrency, and the trust of users keep it grow and reach trillions in capital.

Coffee135

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Quote from: Lucius on June 27, 2018, 07:52:26 AM

Quote from: BillyBobZorton on June 27, 2018, 06:36:38 AM

I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

Never say never when it comes to BTC, but in my opinion 10 milllion $ by 2028 is science fiction. Halvings are important factor for BTC, but only incredibly strong demand can push price so high - even with that you do not count on corrections which are inevitably occurring when it comes to cryptocurrency.

Only way to see such price in next 10 years is that most of world countries start to buying BTC like they buying gold or silver today. I can not even imagine something like that happens, even 10% of that price would be just enough for me and for 99% of holders.

It seems to me that you are very pessimistic about bitcoin. We have repeatedly seen how bitcoin has grown in price by 10 times in one year. Even if we assume that half of 10 years will be spent on price correction bitcoin has all chances to reach the price of 1000000 dollars by 2028 year. Now, that seems like a fantasy, but let's see what happens next year.

Lucius

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Quote from: BillyBobZorton on June 27, 2018, 06:36:38 AM

I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

Never say never when it comes to BTC, but in my opinion 10 milllion $ by 2028 is science fiction. Halvings are important factor for BTC, but only incredibly strong demand can push price so high - even with that you do not count on corrections which are inevitably occurring when it comes to cryptocurrency.

Only way to see such price in next 10 years is that most of world countries start to buying BTC like they buying gold or silver today. I can not even imagine something like that happens, even 10% of that price would be just enough for me and for 99% of holders.

BillyBobZorton

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I believe $1,000,000 mark is possible for the next 2 halvings, so in around 2024-2025. And then from there it will be exponential growth towards $10,000,000, 2028 to 2030. After that, the halving curve becomes almost a straight line, so the price should be really high and it should start stabilizing at said very high price. Anyone not holding 1 BTC there will cry.

glider101

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Wow i could only imagine if my BTC was worth 10 million dollars! It would be the greatest investment in history.

eann014

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I think this is too early to discuss, 2028 is 10 years from now, but making your own prediction is not bad, it is also good that you have still your own perspective and goals, but I guess $10,000,000 is too impossible to happen. Huh

Clark05

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10 millio dollars for the year 2028 is impossible to happen. Because maybe in that year the price of the bitcoin become lower like hundreds dollars only or maybe bitcoin dead. But I hope bitcoin on that year the price of the bitcoin is still very high. Please don't predict any high amount like this that's not possible to reach even it's free. But it's your choice if you want to predict what ever you want.

Pursuer

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Quote from: cellard on June 26, 2018, 11:39:10 AM

Big gov bans can damage the price a lot temporarily but not indefinitely.

sooner or later it won't even do that temporary disturbance either.
you see government bans on a decentralized currency which is created with censorship resistance in mind is too ridiculous to even talk about. we all know that the drops are because of panic not because someone exits because of ban! and the panic stems from people not understand what bitcoin is. sooner or later this is going to change and when it does, it won't matter what the government does anymore.

Quote from: markj113 on June 26, 2018, 11:58:49 AM

Doesnt gold/silver already fill that roll?

you mean "role"? Cheesy

no because you can't go to a shop, chop off a small portion of your gold/silver ingot and pay for a sack of potato. but you can go to a shop and simply pay with a portion of your bitcoin to do the same purchase without wasting anything.

intoy_victor

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If ever your prediction will be happen many people will be an instant millionaire if they don't sell there bitcoin stocks.
But how could bitcoin reach that price if the stock of bitcoin is only 21millionbitcoin.

Topic: $10,000,000 by 2028 - page 7. (Read 1560 times)