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Topic: A recent Wall Street Journal article about $1 Million = 1 BTC possibility! (Read 5271 times)

legendary
Activity: 1568
Merit: 1002
You also have to take into consideration the availability of technology to be able to implement it as a worldwide currency... Anyone can have access to dollars because they can hold it in their hand, such as people in Africa. They cant hold bitcoin in their hand, because they need advanced technology, and people in Africa have little to no access to advanced technology as of right now. This is also the case in other LDCs (Less-Developed Countries). One might say it does not matter because LDCs don't really help the world economy, though. Its all a matter of opinion.

once the price starts to stabalise people will just use paper wallets as money.. i just see the only difference being the paper wallets have scratch card type stuff on them to cover the private key or have to be peeled apart to reveal the private key.. would that not be that same thing as "holding" usd.. people will accept them because they no they would be able to go into a shop that sells them and sell them back to them or give them to someone else as "money"... no idea how they would prevent counterfits but im sure someone will come up with something
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]

That is real great news.

I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin Cheesy (and enjoy it.)

Yuck.... you can do whatever you want, as long as you don't force us to watch what you are doing.

Cheesy
At least you could afford a good counselor afterward!
legendary
Activity: 3766
Merit: 1217
Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]

That is real great news.

I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin Cheesy (and enjoy it.)

Yuck.... you can do whatever you want, as long as you don't force us to watch what you are doing.
member
Activity: 84
Merit: 10
Hello World!!!
These silly predictions do more harm than good for adoption of BTC.

I think that the opposite is true. At least some institutional investors will take notice of BTC, and will start investing in it.

Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]
legendary
Activity: 3766
Merit: 1217
These silly predictions do more harm than good for adoption of BTC.

I think that the opposite is true. At least some institutional investors will take notice of BTC, and will start investing in it.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
I think it depends on what the world decides it wants Bitcoin to be.

If it is steered into becoming digitally turbocharged gold rather than a day to day currency then a mil feels more likely.

And people keep forgetting that market cap is an academic figure bordering on irrelevant in the real world. There'll be more hoarding. The 21 million total is a fairly long way off yet and a big chunk of the coins that were mined are already gone forever.

There's an awful lot of value out there beyond fiat currencies looking to be parked, exchanged and moved around.
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
Soooo much blasphemy in one thread?!?! WTH? Of course btc will go that high!  Grin
sr. member
Activity: 420
Merit: 250
It's a good dream, what's the point if we can't hope right.
sr. member
Activity: 350
Merit: 252
REAL-EYES || REAL-IZE || REAL-LIES||
This conversation and arguments sounds totally absurd at this point of time when we are struggling to get back to 1000$ , why don't just concentrate on that..! rather 1m$ that is quite impossible in our times..! I'll be more than happy if we achieve the 10k mark in next 5-10years.
legendary
Activity: 2632
Merit: 1023
Heres a hint 1T is not that much money these days.

7 billion people spend 100$ thats close enough to 1T a day we burn through in this world, and $100 is a low estimate, and each year the wealth builds as you build on all histories preceding infrastructure.


21T is a bit, but not that much, good for about a month of spending for the world if that, and thats only needs, not investments etc.

So can BTC get to the value of 1 months spending for world, sure can.
hero member
Activity: 742
Merit: 502
Circa 2010
Some old Bitcoin experts actually have the technical data to forecast such a high price! Not saying that they are right or wrong, but these guys have been right in the past with regards to pricing forecasts!

See their opinion here:

https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214

https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

Again, in my opinion, $100,000 is more probable and likely compared to $1 million in medium term.

Widespread adoption would be necessary to enable such prices to occur, and honestly I feel that people view Bitcoin as a medium of investment rather than an alternative payment system it is designed to be. As such it is not going to ever reach the same degree of 'value' as fiat takes up unless it replaces fiat and since I'm doubtful of that happening by logic I'm extremely doubtful of reaching even 10K.
sr. member
Activity: 812
Merit: 250
That brief article is really nice, but some people are posting negative comments on it.

just Google "wsj Bitcoin Price…to $1 Million?"


Possible. But if 1 Bitcoin is 1 Million Dollar worth the price for 1 small McDonalds Meal will be around $10.000. Wink

These silly predictions do more harm than good for adoption of BTC.
+100

Because now possible investor thinking, the Bitcoin dreamer are totally fools.
member
Activity: 84
Merit: 10
Hello World!!!
These silly predictions do more harm than good for adoption of BTC.


It will not happen in our times. The bitcoin price is oscillating at 425 to 450 for last few days. We should concentrate  to reach $500


Yeah no. Unless there is a massive devaluation in fiat so that the price of BTC skyrockets I'm skeptical we'll even reach 10K per coin before 2040 let alone one mill per coin. You guys are really dreamining a little too big here  Wink


Some old Bitcoin experts actually have the technical data to forecast such a high price! Not saying that they are right or wrong, but these guys have been right in the past with regards to pricing forecasts!

See their opinion here:

https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214

https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

Again, in my opinion, $100,000 is more probable and likely compared to $1 million in medium term.



hero member
Activity: 742
Merit: 502
Circa 2010
Yeah no. Unless there is a massive devaluation in fiat so that the price of BTC skyrockets I'm skeptical we'll even reach 10K per coin before 2040 let alone one mill per coin. You guys are really dreamining a little too big here  Wink
member
Activity: 70
Merit: 10
It will not happen in our times. The bitcoin price is oscillating at 425 to 450 for last few days. We should concentrate  to reach $500
legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
That brief article is really nice, but some people are posting negative comments on it.

just Google "wsj Bitcoin Price…to $1 Million?"



I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin Cheesy (and enjoy it.)
sr. member
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
These silly predictions do more harm than good for adoption of BTC.
legendary
Activity: 1456
Merit: 1018
HoneybadgerOfMoney.com Weed4bitcoin.com
No offense everyone - but by the time BTC == 1 Million, you won't be able to buy much with a million.  Like maybe small condo or Something.  It will be like fast food workers make 100 bucks an hour because that is the new minium wage.  something akin to where 10 dollars in that future economy holds the purchasing power of one dollar today.  So sure, spend up your 1 million dollars here and there, but that won't mean much if that happens  Undecided
newbie
Activity: 50
Merit: 0
short term is imposible.But when most of the people realise that fiat is manipulating nations and as new generations grow older they will ask for a decentralized coin.World cant go on with the curent economy system.
 
sr. member
Activity: 252
Merit: 250
Hmmm, I'll drink whatever he's drinking ...

maybe Diet Dew
personally i think it's worth $23 MILLION. 
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