$10million in 2023 possible? - page 3.

Soots

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Quote from: KonstantinosM on August 22, 2018, 01:16:00 PM

Quote from: malekbaba on August 18, 2018, 10:33:27 AM

well do the math by yourself. What is the total supply of bitcoin? lets just calculate circulating supply and multiply by $10 million. Hope you will have your answer. And anyhow if you can manage 10 BTC , you will have 100 million dollars !!! It is just simple prediction only, not financial advice. But BTC will be more expensive and whole crypto will be well regulated. Fake ICO and scammers will be kick out and real investors will enter into crypto market, it is my future thinking regarding crypto

No, do the actual math. If at the first halving the price was 12.... And at the second halving 657... The increase was 54x... So using a linear model the price at the third halving would be 35,000

But isn't it more reasonable to expect this to be exponential? In this case exponential decay?

That prediction is bullshit.

Sometime I wonder those frustrated holders who haven't been lucky enough to sell and earned their profit, spread wrong predictions and it really hampered people's desires to stay longer in cryptocurrency. Those bunch of crap minded people sprouted such shit ideas affecting innocent traders who happens to be panicked, and now the entire community suffers from massive fall of bitcoin price. This isn't good in a business , so this time we should be more clever and stop acting like a dependent child. The possible price is the potential value to be reached, because digital currency is infinite.

creeps

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Quote from: clarkgeneral86 on August 21, 2018, 05:42:06 AM

I don't know at the time of $10 million what is the fee of a transaction? It is probably $10,000 for once. Although the analysis seems reasonable, it is difficult.

Really difficult to say, maybe $10 million is too much for bitcoin. The demand right noe is increasing, if this trend continues maybe we will see now a great run of bitcoin. Yes the supply of bitcoin is limited so there’s a chance for this one only if everyone wants to own bitcoin.

Lignxxx

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It’s not possible for bitcoin to reach $10 million in 2023. We all know its supply is limited if bitcoins demand will increase more and more they its price will reach maximum $80000 in 2023.

Dashaaraily

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Based on this statement this may hit more because of market circulation also nowadays this market is increasing and BTC will hit its maximum level I think also it can be 15 million dollar or more I think.

Vengeance007

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If we think about the market of 2023 then it will be okay because we can see the market based on BTC their price is decreasing so if the price increase then it may hit 10 Million Dollar.

Agaventy

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You need to see the supply of crypto that will be circulating the market in the year 2023. But just as a prediction, the amount could be even more because hopefully the market will be in a much better state than it is this year. Also the value of crypto will be higher too.

KonstantinosM

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Life is a taxable event

Quote from: malekbaba on August 18, 2018, 10:33:27 AM

well do the math by yourself. What is the total supply of bitcoin? lets just calculate circulating supply and multiply by $10 million. Hope you will have your answer. And anyhow if you can manage 10 BTC , you will have 100 million dollars !!! It is just simple prediction only, not financial advice. But BTC will be more expensive and whole crypto will be well regulated. Fake ICO and scammers will be kick out and real investors will enter into crypto market, it is my future thinking regarding crypto

No, do the actual math. If at the first halving the price was 12.... And at the second halving 657... The increase was 54x... So using a linear model the price at the third halving would be 35,000

But isn't it more reasonable to expect this to be exponential? In this case exponential decay?

That prediction is bullshit.

jrrsparkles

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Wooohooo,looks like asking for too much,but I never imagined that value of one bitcoin at $10 million yet because the price of bitcoin is struggling very hard to reach $10K in this year after the fall,so I doubt that it is going to happen in just four years so move maybe it will be possible in 2040! Cheesy

Beimere

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The value of crypto currency will be of a lot higher than it is today. If we the scenario in terms of demand and supply, the supply will be less and the demand will be more. This means that the price could be even higher than this.

BTCCavalletto

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It could be possible. Plus the chances are high that the amount may even be higher than this because the supply will be low and the demand will be high. And if we put simple economcs, this will lead to a high levels of price too. So, in the future, the price of crypto will be high, for sure.

FunZedCrypto

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Bitcoin hitting 10 million dollars each seems highly unlikely to me. I think mcafee might have predicted that it will hit a million dollar by 2021 but I don’t see it happening that soon. But by 2023, the market will be more stable and legit ICOs will rule. Bitcoin will hit a big price but I don’t think it’ll be any close to 10 million dollars.

eaglewhite80

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Anyone can end up predicting whatever they feel like, but in reality, and technically, I really do not see much possibility in this. I call this more or less like jumping faster than one's shadow. 2023 is about 5 years from now and for bitcoin to be as high as that, it means, the market cap would have been extremely huge and a lot of institutional money has kicked in or some development just caused some huge skyrocket in the market. For now, we still have a lot of resistance to contend with to even go back testing the previous high and a lot of fluctuations in between. I guess with time, we will get to see how the market ends up.

Sact

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Bitcoin might even hit $10million tomorrow and we can do absolutely nothing about it. The market is volatile and that's the beauty of it. It is so unpredictable that you cannot say anything about it beforehand. However, my personal opinion is that, it will take time for Bitcoin to reach as much as 20,000$ cap like last time. But I don't feel that it will go up to millions any way.

Catesknee

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Most crypto enthusiast are highly expecting bitcoin to reach this price but in my opinion I don’t see 10 million that soon. Although the block reward will go down and difficulty will rise, we’ll surely see higher price but nothing near 10 million I think. Yes, bitcoin has made some people filthy rich but we should be practical about its price.

holzer

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A man can dream! Wink

chuyengia2244

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Quote from: MetalCoinMTC on August 22, 2018, 05:03:35 AM

Well, your predictions can be true or maybe not. The time frame you have chosen is quite far to predict at this moment because from the beginning it has changed a lot, and in the future, it will also face so many updates while operating in different circumstances.

Although the near future (such as the end of the year), experts can not predict accurately. All calculations and graphs only increase people's ability to believe, it's just an inference.

BTCHeadstone

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Here I am thinking about how would be the tomorrow's market situation and you are thinkng about 2023, There might be so many changes in the coming year but to be very honest, predicting about 2023 is not that easy. This market is absolutely unpredictable.

MetalCoinMTC

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Well, your predictions can be true or maybe not. The time frame you have chosen is quite far to predict at this moment because from the beginning it has changed a lot, and in the future, it will also face so many updates while operating in different circumstances.

CoinMarKetHW

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This market is absolutely unpredictable dear. So, to think about 2023 will not be wise enough. The prices depend on many factors like the supply and demand of the users. What if in the coming future the demand gets high but supply is low? so, my suggestion for you will be to stay updated to grow up with this market.

StringFire

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Maybe it is possible but it will be quite hard for bitcoin. But i believe that bitcoin has the possibilities to go this kind of far. Maybe it will happen before 2023. Anything can happen in crypto world.

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