Bitcoin at $1 million this cycle really possible? - page 3.

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Quote from: RealMalatesta on April 18, 2021, 02:47:15 AM

Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Within this cycle? I doubt that. You are taking about 15x from the current price levels but bitcoin is known for leaping 10x from previous ATH and from any price level we notice/talk about. Probably by 2025 cycle, we could get into more than one million dollar levels if we will be finishing up this current cycle for more than 100k price levels.

Yeah, what is going to be the final ATH of this cycle will be playing a vital role on deciding how qucikly we are going to experience one million dollar level for one bitcoins. Personally I'm expecting this cycle will be having ATH above $380k levels and from that, there will not be any problem to test $1M levels after 4th halving.

Yes, I assume you rely on, or have heard, the supercycle theory, which predicts that $1M cap for this cycle. I hope you are correct but it seems overblown to me too. I think we will pass $100k for sure, then where the cap will be I don't know but I would say between $150k and $300k.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Within this cycle? I doubt that. You are taking about 15x from the current price levels but bitcoin is known for leaping 10x from previous ATH and from any price level we notice/talk about. Probably by 2025 cycle, we could get into more than one million dollar levels if we will be finishing up this current cycle for more than 100k price levels.

Yeah, what is going to be the final ATH of this cycle will be playing a vital role on deciding how qucikly we are going to experience one million dollar level for one bitcoins. Personally I'm expecting this cycle will be having ATH above $380k levels and from that, there will not be any problem to test $1M levels after 4th halving.

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Quote from: NeverSop on April 18, 2021, 01:15:46 AM

Quote from: lifeforcepools on April 14, 2021, 11:17:55 AM

To be honest, I'm ready to believe anything now, even this.

It seems that your faith is extremely generous. Optimism is good for each investor's sentiment. Regardless of today there is a reversal of the line with short correction. Perhaps it is necessary to take action with this faith, just buy / hold bitcoin, it will be a worthy act. I can't imagine bitcoin hitting 7 numbers. It is most feasible to get to $ 75k very early in this trend.

What happened with BTYC market, It can be recovered! Just a weekly candle dip, nothing much to see. A lot of hungry buyers probably already had buy orders at 52k but immediately reversed back $55K. BTC is already trading around $57K and then move all the way back up and find ATH.

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Quote from: lifeforcepools on April 14, 2021, 11:17:55 AM

To be honest, I'm ready to believe anything now, even this.

It seems that your faith is extremely generous. Optimism is good for each investor's sentiment. Regardless of today there is a reversal of the line with short correction. Perhaps it is necessary to take action with this faith, just buy / hold bitcoin, it will be a worthy act. I can't imagine bitcoin hitting 7 numbers. It is most feasible to get to $ 75k very early in this trend.

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Quote from: Ibrahim60 on April 17, 2021, 06:08:10 PM

Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Bitcoin is the most potential and most popular coin in this present time. This Price is now so much volatile. Now bitcoin price around $61k. Bitcoin price increasing day by day. This is very possible to hit $1 million in this cycle. This can be happened in the end of this year or early, i hope so. Bitcoin can hit that target because day by day so many rich and normal people started investing on Bitcoin. Most of the are interested to know about bitcoin. So this is not impossible.

Dont make your hopes that high on saying hitting $1M for this year is attainable? It is way too impossible even on upcoming years to come.We might hit 6 digits but not would really

be coming into that point im not really that concluding but lets become realistic on here where we should consider on what are the things needed or the factors that needs to be
achieved first before we do consider with these levels of prices.

For now its better not to anticipate that much but if you do hold bitcoin for long term then these things wont be an issue.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Bitcoin is the most potential and most popular coin in this present time. This Price is now so much volatile. Now bitcoin price around $61k. Bitcoin price increasing day by day. This is very possible to hit $1 million in this cycle. This can be happened in the end of this year or early, i hope so. Bitcoin can hit that target because day by day so many rich and normal people started investing on Bitcoin. Most of the are interested to know about bitcoin. So this is not impossible.

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When talking about reaching $ 1M, it is not unreasonable to do so, since many are believing that now Bitcoin can reach it, but for their part and the US through the Senate have manifested and all thanks to Coinbase, institutional investment and everything that investment globally leads to market.

Senator Lummis quoted:

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“We’re seeing it come into the mainstream. You’re seeing people like Elon Musk (Tesla CEO) make big investments in Bitcoin. You saw Coinbase just today go public and have a valuation that is just dumbfounding.

And so it is going mainstream and that’s because everybody from [Goldman Sachs CEO] Jamie Dimon, who used to criticize Bitcoin, is looking at making an investment in Bitcoin because I think they finally understand why Bitcoin is a good solid store of value.”

Source: https://dailyhodl.com/2021/04/17/us-senator-says-bitcoin-going-mainstream-amid-massive-money-printing/

If the Senate is already making noise for Bitcoin, it means that the word has spread successfully, and it has only been 1 week that this has been in development, it only remains to wait how the first month on Wall Street can be developed by Coin from Coinbase. I think that without a doubt this will have a positive impact on the market, possibly another Bullish movement may occur ..

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I wouldn't hold on to that hope, we haven't even reached the 100k territory yet and that is another realm of challenge because we are basically trying to get 100k for over 10 times and we all know how difficult it is to even reach 100k because we haven't reached it yet.

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Even if the price of bitcoin hits it will not be possible in one day its price gradually increases bitcoin has hit a lot more than in the past few years. I don't think it's possible to cycle 1 million in bitcoin so quickly It will take a long time to predict John McAfee, but it is very difficult to predict the crypto market because currencies tend to rise in demand. However the rate at which bulls are running in the market can develop rapidly.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Suddenly I thought McAfee predicted that Bitcoin would reach 1 million last year it is possible that Bitcoin will reach the 1 million mark but not in the fast phase that experts are predicting, it could happen in 3 or more years if adoption stays in the current phase and big names and companies will continue to support, this technology is fast evolving what we are seeing right now are totally different three years ago.

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Actually Bitcoin hit the price of $ 1 million is very possible, but of course it will not be achieved now. Bitcoin's rise is gradual and should be supported
by lots of positive news, so don't rush into a target of $ 1 million. Because the $ 100k target has not been reached, because Bitcoin's rise is
not instantaneous. It takes a lot of process that Bitcoin has to go through first. We just be patient, collect Bitcoin now, and don't have a target that is
too high, if it is not achieved, it will make us stressed. Set targets gradually and the most important thing is how we can get as much Bitcoin as we can.

Hippocrypto

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

If one day that will be a reality, I think that's the time it becomes a worldwide currency and probably cashless society would be popular. But though it was all speculations, that doesn't mean impossible because most people who been learning the digital world would potentially gain and acquire more knowledge from cryptocurrency instead of preserving the traditional fiat money.
It's more safe and reliable for everybody due to blockchain dependability.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Yeah, it might be only 15x but at least consider on what are the factors needed for the price to reach that point? Even on my wildest dreams i dont have any thoughts that we would be reaching on that point.

Unless if all the government in the world would have the same positive view towards bitcoin and been globally circulated and accepted but i highly doubt that it will happen.

Its better not to stress out yourself because waiting for those numbers will not surely be coming or would happen in our lifetime.

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All posts that say BTC goes down get deleted, thats how we rose so high. Easy how simple that works out lol

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where do you think all the money that will pump the price of x15 will come from?

Its more to do with the dollar disintegrating then just crypto rising, which is a more regular supply relatable to actual activity of some sort besides government fiscal budgeting needs expanding monetary base to favour itself. We are still in the era of dollar dominance and a global reserve system based around just one political center which is not the best basis for capitalism and crypto isnt going to be the only alternative avenue of trade and value explored so it will be some years. I agree the next halvening is more likely a reasonable target but also the Dollar itself loses value in this time most likely.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Step by step, bitcoin is not a magic carpet that can make all prediction can be reached easily, it is not altcoin. Yeah, altcoin can do that depend on the whales who support for the price increase. Like Dogecoin that has been pumping by Elon Musk, take a look now its price movement, every time he says something than dogecoin will go up a lot.

But, bitcoin is not like that. Need many support for its price goes up a lot. We have been in sideaway market in a few weeks and bull market has a power to overcome it and now we still have a chance to make bitcoin increase to $100.000, yeah the first target for this cycle will be $100.000. After that, we will see huge increase to $1 million to create a history.

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Quote from: veznata on April 13, 2021, 08:17:38 AM

is the really possible what looks like a dream - $ 1 million for bitcoin this cycle? We all know the factors and events around BTC lately. In addition Raoul Pal said in an intervew Bitcoin can hit that target price. only 15x and we are there.

Totally just a dream...I can say that it was really impossible. 1BTC=$1mil, that was crazy. I'd stop thinking about that anyway because before we got into that price we will go and reach first at $100k which we are still far from happening.
And instead of thinking when we reach $100k, $1mil., better to focus on the situation we have now. It is really will come someday if a chance is given but for now, I put it aside coz it wasn't an important.

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$1 million Bitcoin is feasible but I am afraid it won't be possible in this cycle, (assuming that this cycle ends at the end of this year) People tends to exaggerate in order to put hypes on the market but let us face it, even if we wanted to see BTC break through $1M a piece, the current market is far from reaching it, let alone seeing BTC at $100k.

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Quote from: AakZaki on April 13, 2021, 12:29:51 PM

Just a matter of time and time will answer all these questions. Bitcoin or the cryptocurrency world is full of surprises. Right now who would have thought bitcoin would reach $ 60k ATH. The highest price that many people could not achieve but was reached in a few years.

The entire cryptocurrency market is full of surprises as some of the coins which i thought was dead and dusted suddenly emerging with slight changes in their development and with the new hype trend words they are adding DeFi and other similar catchphrases to attract the investors once again and the dead markets started rallying during the last few months, basically i was surprised to see those dead projects for the past few years rallying but despite all this i doubt we will reach anyone close to a million dollars even in the next rally.

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Quote from: BrewMaster on April 14, 2021, 12:33:59 PM

i'm talking about the end of the rise when we reach ATH not the current $58k rise (or today's $64k). so it is not smaller, it would be the exact same size. if you invest $1 when price is $10 and it goes to $20 you double your money and end up with $2. if price is $10000 and it goes to $20000 you still double your money and end up with $2 even though it went up $10k.

Yes, that goes for investment, but we were talking about how it would be possible for it to reach that price for the first time.
For the entire market cap to double it would take 210millions in the first scenario and 210 billion in the second.
1 million? 21 trillion needed!
Of course, lost coins, people that hold, bla bla, I know that ain't the sum but the same deductions from the overall happen on smaller sums so the proportions are still kept.

Quote from: BrewMaster on April 14, 2021, 12:33:59 PM

secondly the rise should be bigger because past rises were a lot smaller. for example 2013 went from 20 to $1200 which is only 60x rise and the one before that was even smaller but i forgot how much. so we may end up with 200x rise instead of 133x Cheesy

You're still thinking in x rather than in overall value, which although not completely wrong it is not really a way of anticipating things, and you're going into the extrapolation trap

And another thing, let's assume we hit the 1 million figure based on the numbers you anticipate, it wound't have to stop there, right?
So, when it will stop? At one billion or at 1 trillion?

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Quote from: stompix on April 13, 2021, 01:49:08 PM

The same thing as above, the first jump might have been 133 but it was still ~$20 000, the second one is only x18 but it's $58 000, so actually, x133 is smaller than x18 by a factor of 3. Grin

i'm talking about the end of the rise when we reach ATH not the current $58k rise (or today's $64k). so it is not smaller, it would be the exact same size. if you invest $1 when price is $10 and it goes to $20 you double your money and end up with $2. if price is $10000 and it goes to $20000 you still double your money and end up with $2 even though it went up $10k.

secondly the rise should be bigger because past rises were a lot smaller. for example 2013 went from 20 to $1200 which is only 60x rise and the one before that was even smaller but i forgot how much. so we may end up with 200x rise instead of 133x Cheesy

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