Topic: $10MILLION per BTC - page 2. (Read 667 times)
I'm not greedy. I'd be happy if my BTC only rose to $5 million!
crazy price, bitcoin price is never reach 10 million dollar
only reach 100k dollar still imposible and only dream
only reach 100k dollar still imposible and only dream
Yes that is true! Even if bitcoin value will reach $10,000 by next year it will already to become more expensive to purchace by the small time investors like us therefore majority of the small investors will look for other alternative means to be keep in crypto business in which they might likely shifting the investments to altcoins because it is cheaper to purchase which is fit for a small capital. Maybe Mr.Satoshi and the rest of the team did not expect that altcoins were going to exist to follow the path of bitcoin and to become competitor that is why they come up with that $10M value before.
Bitcoin in itself wouldn't replace fiat completely, less because it isn't competent enough; and more due to government and banks' intervention. Hal's projection seemed to be ambitious, though not really impossible since as of right now we are seeing impossible gains with only a few million people involved. What more if we add a couple more million people interested in investing and keeping their assets with bitcoin?
We also said $5000 is impossible and cannot be achieved in the last 2 years. Look at where we're at right now.
crazy price, bitcoin price is never reach 10 million dollar
only reach 100k dollar still imposible and only dream
only reach 100k dollar still imposible and only dream
We also said $5000 is impossible and cannot be achieved in the last 2 years. Look at where we're at right now.
Beautiful to see his logic - not biased - just logical.
I dont think bitcoin price will reach 10 million dollars because that price is very high. I dont think many peope until now believe bitcoin bevome mililions of dollar each bitcoin if that happen many people become rich and possible you will be replace billgates to those people have thousands of bitcoin in their pocket. Thats very unrealistic to happen in real life. Maybe 100k dollars is possible but the percent is 0.01 percent only for me.
I think Hal Finney is a worthy man, but $10 million for 1 BTC seems like a fairy-tale to me now. We'll see what happens after hard-fork to understand which way is Bitcoin going
crazy price, bitcoin price is never reach 10 million dollar
only reach 100k dollar still imposible and only dream
only reach 100k dollar still imposible and only dream
Well, it's a very big value for BTC. Maybe after every BTC is mined we will see a somehow stable price, till then we can only speculate the price!
BTC has to grow, in terms of price, because you can have only a fixed number of BTC. And if the price rises, you will see trading with less than 1 satoshi, that would value a lot also. And with that more portions of BTC will be available.
BTC has to grow, in terms of price, because you can have only a fixed number of BTC. And if the price rises, you will see trading with less than 1 satoshi, that would value a lot also. And with that more portions of BTC will be available.
Hey man, i would be happy to see btc reached 1% of that value. It's a lot of money. It's a stretch but it's reachable under the right conditions.
Statements are easy to make, but imagine how much obstacles Bitcoin had to make through in order to be $100000, nobody was anticipating and maybe words are just mere words. How real world people perceive bitcoin is that matters 
$5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined!
$5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined! I think as per the conversation $100-300 trillion is how hall estimated the total household amount of the whole world.
So that is the amount the coin should worth for it to replace fiat.
Again that is their computation if it will replace the latter.
That's why is divisible, also there will be a lot of other coins
Statements are easy to make, but imagine how much obstacles Bitcoin had to make through in order to be $100000, nobody was anticipating and maybe words are just mere words. How real world people perceive bitcoin is that matters $5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined!
$5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined! When we are at $1K people call us scam
When we are at $5K people call us bubble
When we are at $10 Mllion, i have no idea what do people call us because they would have be gone
When we are at $5K people call us bubble
When we are at $10 Mllion, i have no idea what do people call us because they would have be gone
They might call us in insane
There are a lot of posts out there implying that they expect bitcoin can continue to rise in value indefinitely, or forever. I agree that it will continue to rise in value but it will eventually top out. Even if bitcoin were to become the predominant currency and replace fiat, its value could only increase as fast as global GDP increases (~2-3% per year) so I don't think it will reach the 10 mil mark.
$10 million is the price for the coin to replace fiat, if it will then it will be more than that amount since global GDP will be more than the amount stated because of the yearly growth.
I think it's too good to be true but if bitcoin show a promising progress and it's popularity keep growing until next 10 year, I think it will happen.
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor !
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor !
Yes it really depends on the people if it will be accepted by everyone. And also if governments will not release their own crypto currency.
It is difficult to achieve this. $ 10 million per BTC is not small and can never happen. A huge number that any currency can achieve. However, replacing fiat with bitcoin can happen in a few decades
Why? Just because you think it is an insane number? I think it is insane how much wealth Bill Gates has for example, doesn't mean its imposible. Stop letting your beliefs restrict you.
Bitcoin can do 1 billion per coin. Easy!
I don't get it, reading commnents here its all I think its crazy, its too good to be true. Well if you bought for a few dollars worth of bitcoin upon its release you were a millionare now.
You're breathing in an envoirment where coins can go 100-1000% in a day and you think BTC hitting over a million is to far fetched?
It is difficult to achieve this. $ 10 million per BTC is not small and can never happen. A huge number that any currency can achieve. However, replacing fiat with bitcoin can happen in a few decades
I think it's too good to be true but if bitcoin show a promising progress and it's popularity keep growing until next 10 year, I think it will happen.
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor !
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor !
Easy, Bitcoin can do a 100 Million with Litecoin responsible for smaller transactions such as coffee.
There are a lot of posts out there implying that they expect bitcoin can continue to rise in value indefinitely, or forever. I agree that it will continue to rise in value but it will eventually top out. Even if bitcoin were to become the predominant currency and replace fiat, its value could only increase as fast as global GDP increases (~2-3% per year) so I don't think it will reach the 10 mil mark.
as far as i am concern yes it can be possible, since bitcoin was already emerging, to think that satoshi said it, maybe he has a point, but we cannot be so sure about it. Anyway lots of stuffs happened since the launch of bitcoin way back years ago, but stilk it is making its way forward.
That's insane. Obviously, though, replacing all fiat in the world is a tall order. It likely won't reach that high, as Hal said. Anyone know what Satoshi said in response?
This is from the bitcoin mailing list, it's still up online for anybody to see:
https://sourceforge.net/p/bitcoin/mailman/bitcoin-list/thread/[email protected]/
In case it goes online, I will quote satoshi's response here:
Quote
Re: [bitcoin-list] Bitcoin v0.1 released
From: Satoshi Nakamoto - 2009-01-16 18:35:32
> Dustin D. Trammell wrote:
> > Satoshi Nakamoto wrote:
> > You know, I think there were a lot more people interested in the 90's,
> > but after more than a decade of failed Trusted Third Party based systems
> > (Digicash, etc), they see it as a lost cause. I hope they can make the
> > distinction that this is the first time I know of that we're trying a
> > non-trust-based system.
>
> Yea, that was the primary feature that caught my eye. The real trick
> will be to get people to actually value the BitCoins so that they become
> currency.
I would be surprised if 10 years from now we're not using
electronic currency in some way, now that we know a way to do it
that won't inevitably get dumbed down when the trusted third party
gets cold feet.
It could get started in a narrow niche like reward points,
donation tokens, currency for a game or micropayments for adult
sites. Initially it can be used in proof-of-work applications
for services that could almost be free but not quite.
It can already be used for pay-to-send e-mail. The send dialog is
resizeable and you can enter as long of a message as you like.
It's sent directly when it connects. The recipient doubleclicks
on the transaction to see the full message. If someone famous is
getting more e-mail than they can read, but would still like to
have a way for fans to contact them, they could set up Bitcoin and
give out the IP address on their website. "Send X bitcoins to my
priority hotline at this IP and I'll read the message personally."
Subscription sites that need some extra proof-of-work for their
free trial so it doesn't cannibalize subscriptions could charge
bitcoins for the trial.
It might make sense just to get some in case it catches on. If
enough people think the same way, that becomes a self fulfilling
prophecy. Once it gets bootstrapped, there are so many
applications if you could effortlessly pay a few cents to a
website as easily as dropping coins in a vending machine.
Satoshi Nakamoto
http://www.bitcoin.org
From: Satoshi Nakamoto
> Dustin D. Trammell wrote:
> > Satoshi Nakamoto wrote:
> > You know, I think there were a lot more people interested in the 90's,
> > but after more than a decade of failed Trusted Third Party based systems
> > (Digicash, etc), they see it as a lost cause. I hope they can make the
> > distinction that this is the first time I know of that we're trying a
> > non-trust-based system.
>
> Yea, that was the primary feature that caught my eye. The real trick
> will be to get people to actually value the BitCoins so that they become
> currency.
I would be surprised if 10 years from now we're not using
electronic currency in some way, now that we know a way to do it
that won't inevitably get dumbed down when the trusted third party
gets cold feet.
It could get started in a narrow niche like reward points,
donation tokens, currency for a game or micropayments for adult
sites. Initially it can be used in proof-of-work applications
for services that could almost be free but not quite.
It can already be used for pay-to-send e-mail. The send dialog is
resizeable and you can enter as long of a message as you like.
It's sent directly when it connects. The recipient doubleclicks
on the transaction to see the full message. If someone famous is
getting more e-mail than they can read, but would still like to
have a way for fans to contact them, they could set up Bitcoin and
give out the IP address on their website. "Send X bitcoins to my
priority hotline at this IP and I'll read the message personally."
Subscription sites that need some extra proof-of-work for their
free trial so it doesn't cannibalize subscriptions could charge
bitcoins for the trial.
It might make sense just to get some in case it catches on. If
enough people think the same way, that becomes a self fulfilling
prophecy. Once it gets bootstrapped, there are so many
applications if you could effortlessly pay a few cents to a
website as easily as dropping coins in a vending machine.
Satoshi Nakamoto
http://www.bitcoin.org
Also notice how back in the day you could send BTC to IP addresses and this was removed from a security pov.
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