$10 million USD/BTC is an outrageously high number, and would imply a valuation of over 150 Trillion. Personally, I don't think we'll ever see that but WTF do I know
Topic: $10MILLION per BTC - page 3. (Read 667 times)
I think all parties involved have a vested interest in the continuous price rise of BTC and there are little "corrective forces" (long-short funds, or derivative players) like you have in the traditional markets that are taking the opposite side and creating price ceilings. Therefore, the probability for a large price increase going forward continues to outweigh the probability that we see a substantial decline. And, truthfully, BTC needs to continue to climb for it to gain more mainstream adoption, which then (in a cycle fashion) increases the probability of continues upward price momentum.
$10 million USD/BTC is an outrageously high number, and would imply a valuation of over 150 Trillion. Personally, I don't think we'll ever see that but WTF do I know
$10 million USD/BTC is an outrageously high number, and would imply a valuation of over 150 Trillion. Personally, I don't think we'll ever see that but WTF do I know
$10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat.
And this amount was even calculated by Hal Finney way back in 2009.
Screenies of a forum conversation between Satoshi and Hal Finney.
Even they though talk such thing i wont believe that this would really be achievable by bitcoin itself knowing that we cant even reach to the point that we would potentially replace fiat.Its an impossible thing to happen knowing government wont really allow such thing to happen. $10-15k would be somehow realistic to speculate to. And this amount was even calculated by Hal Finney way back in 2009.
Screenies of a forum conversation between Satoshi and Hal Finney.
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 $10 Mllion, i have no idea what do people call us because they would have be gone
I do not know what will happen when even if it crosses above 20000$ in coming next year or even by 2019. But I think that it would be more on a unrealistic not to compare the price of $10 million which would be insane if it happens anytime. I wish it to happen but somehow also thinking that it won't.
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?
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
This would be a stunning thing to see, but I just can't wrap my brain around it ever reaching that number. Would be insanity obviously.
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Well, at least this speculation post is based on what Satoshi said. Even if he said it, he could be wrong but I would like to point out a couple of things: he is talking about bitcoin substituting all fiat currencies and we don’t know if it will just coexist with them which would lower that amount. Apart from that, he is valuing total World’s wealth but wealth increases with time, so it could make that figure go up. Anyway, if that happened we would be really happy but we have a long way to go.
$10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat.
And this amount was even calculated by Hal Finney way back in 2009.
Screenies of a forum conversation between Satoshi and Hal Finney.
And this amount was even calculated by Hal Finney way back in 2009.
Screenies of a forum conversation between Satoshi and Hal Finney.
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