Bitcoin Could Exceed $1 Million in 7 -10 Years: PayPal Director - page 2.

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Quote from: LeGaulois on April 22, 2019, 10:02:24 AM

That happens to the Bitcoin purists since they have a kind of love for BTC, they see BTC and nothing else. Then, as the saying goes, "only fools don't change" (But you're still a bit of a traitor Cheesy

) There are some altcoins that are good and can be complementary for Bitcoin. If Bitcoin is the king, it needs its queen too

Nothing wrong with being a purist, but the thing that put me off was how I started following the same path as Tone Vays, which I find to be an idiot, and that's not cool at all, and actually a display of pure ignorance.

Bitcoin isn't the wonder pill that solves every pressing problem, and probably never will be. Bitcoin is extremely good in doing one thing right, and that's more than enough. Gold for example hasn't much utility to it, yet it's worth $8 trillion. This shows that doing one thing right (store of value in Gold's case) is more than enough to gain value. Bitcoin can do that much better.

Look at how popular altcoin exchanges are. More demand for altcoins translates to more demand for Bitcoin, because that's what you need to trade them.

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Quote from: 1Referee on April 22, 2019, 09:52:26 AM

Quote from: CoinEraser on April 22, 2019, 03:28:02 AM

But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.

I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.

I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.

That happens to the Bitcoin purists since they have a kind of love for BTC, they see BTC and nothing else. Then, as the saying goes, "only fools don't change" (But you're still a bit of a traitor Cheesy

) There are some altcoins that are good and can be complementary for Bitcoin. If Bitcoin is the king, it needs its queen too

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Quote from: CoinEraser on April 22, 2019, 03:28:02 AM

But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

Imagine how that was for people who bought their first coins in 2010/2011. If you told them that Bitcoin would reach $1000 in 3 years, they would probably burst out laughing because it's so hard for people to fathom how something that's worth a few bucks can be worth that much.

I actually had a similar experience with a close internet buddy of mine who is an Ethereum fanboy. He kept repeating that its price would explode well beyond $100 when it was still below $10, which I (with my Bitcoin maximalist cap on) thought wasn't possible because everything at that point for me was a shitcoin and worth zero.

I am sure that he actually believed in Ethereum but was just speculating about its price, but still, he was right and I was wrong. I never ever again will underestimate any coin in terms of price action.

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Quote from: CoinEraser on April 22, 2019, 03:28:02 AM

Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

It is again only a prediction and as always it is difficult to say if this prediction will happen or not. I can well imagine that Bitcoin can reach this price at some point, even if a few doubts remain. But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

The absence of sellers (and/or shorters?) is remarkable. On the 3d chart (Bitstamp), a full 16(!) out of the last 19 volume candles have been green, including the latest three. I readily concede that this is a reflection of the fact that a bottom was likely made at 3200ish.

Nevertheless, in view of the steep rise that we have recently seen, and i conjunction with sharply falling volumes, this should signal temporarily overbought conditions IMHO. One should think that the odds are stacked for some sort of correction at this point, but then this is Bitcoin, and I would not be surprised if we reach 6000 before any meaningful reversal occurs.

Pursuer

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it has never been a matter of "if" bitcoin succeeds. bitcoin is already succeeding and growing every day. and when that happens price will be a lot higher than this, $1 million will be just a start. in my opinion the thing is as Satoshi once said, bitcoin will either succeed and be used by millions of people or fail and won't be used at all.
with the path that bitcoin has been on for the past 10 years, price is going to rise past $1 million in a couple of years and 2 or 3 more "cycles".

CoinEraser

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Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

It is again only a prediction and as always it is difficult to say if this prediction will happen or not. I can well imagine that Bitcoin can reach this price at some point, even if a few doubts remain. But it was hard to imagine that the price would ever rise above $1000 when I started to invest in Bitcoin and today the price is way above that. Therefore I know, much is possible in crypto area, even such a high price in the future, but that's not all I'd count on. Wink

Clark05

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Because many people predicting bitcoin become $1,000,000 maybe it will become good because investors will be invest because they want to earn more profit that's the good side for the bitcoin value. But there is bad effects that's for sure because many people will not want impossible prediction so they possible for them to have doubt in the end and never to invest.

Kevin77

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7-10 years is still not enough time for something that big, I mean if the question was "will bitcoin ever reach one million dollars?" I would probably say yes, since there is no time period or limit we can totally just wait for another 100 years and I do not think anyone would doubt bitcoin will be over 1 million dollars in 100 years.

So, it all depends on timing, we all know it will reach a million dollars for sure but I just doubt 10 years is enough, maybe if he said 25 years I would have agreed because that is plenty of time to go to million dollars but 10 years feels like it won't be enough, maybe 500k in 10 years could be more possible honestly, even that is a challenge and depends on the world economy as well, if there is a collapse and price skyrockets couple times than its doable but if world economy gets better than bitcoin will lose its worth.

Fortify

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Being a director of paypal doesn't give these particular people any special insight, they are probably invested in bitcoin themselves and that would give them an excuse to use their platform for self promotion. Transaction fees if a bitcoin was worth $1 million a piece might wipe out any potential benefits from using it, over a regular payment processor like paypal.

ricardobs

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I believe in what the director of PayPal said, though I think it's going to happen in a lesser time, let's say 5 years time, because we have begin to see inflation happen in so many countries of the world and this countries have already started looking for alternatives to grow their economy and the only saving grace would be crypto, this is why Russia is buying so much crypto as of today and other government of the world.

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Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

Just imagine what market cap should we get if a single bitcoin would cost 1$mln. That numbers would be able to compete with the other fiat currencies, which tbh doesn't seem realistic. And what should happen to make people invest in cryptocurrencies at least the same amounts as half of its "potential MC"? Probably nothing because it wouldn't happen.
The larger MC is, the smaller growth it will provide. It is easier to buy a pen for 1$ and resell it for 1.5$ with a 50% growth but you won't be able to resell it each time for 50% more.

dothebeats

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I don't think we can easily stretch out into $1-M in just a short span of time. $50K is already a daring and elusive target to reach, what more if what we're talking about is in the millions? Perhaps it might take a couple more decades before we reach it, or may not reach it at all in our whole lifetimes. But unlike any other bitcoin bulls, this guy clearly admits that it's only his subjective opinion and should not be taken seriously at all. Highly optimistic, but doesn't lure people into false hopes and I think that's what every prediction should be.

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Quote from: mrdeposit on April 16, 2019, 10:25:30 AM

250x reward looks sweet but risks are bigger than the old days. Considering the new part of decentralized exchanges old version of exchanges can lose their reputation in the smaller time frame.

Uh, the risk tied to Bitcoin has never been as low as it is today. The 2015 bear market was scary as heck, while the current bear market with the improved fundamentals offered me a fantastic buying opportunity. People's confidence in the market reflects that too, because regardless of how hard we fell last year, there was still a lot of optimism, while in 2015 there was no such a thing at all.

Not investing in Bitcoin is a way bigger risk than investing in it. Even if you don't like it, but secretly think there is potential, owning a few % of it won't cause you to go bankrupt would Bitcoin go to zero overnight.

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Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

No i will never believe this idea,bitcoin is currency and not anything else so why need to think of reaching a million dollar value i respect all of opinions here but not to take things seriously in sometime

Bitcoin will have a good future and but not to the extent of huge price speculations

mrdeposit

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Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

250x reward looks sweet but risks are bigger than the old days. Considering the new part of decentralized exchanges old version of exchanges can lose their reputation in the smaller time frame.

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Quote from: bitcoin31 on April 16, 2019, 09:57:38 AM

Another speculation for the bitcoin price which is unreality. $1,000,000 is some I see some prediction of others.
I would like to say for the everyone who predict that value it will not happen so don't expect for the bitcoin to become like that. 7-10 years is longtime and there is a lot of happens for sure.

No problem, I always receive so many predictions from many sources, but I never believe until I do my research. Somehow, bitcoin will increase later, and we believe that. If they say that it will happen in 7-10 years from now, then they must have guidance to talk about that, and we need to see their proof so we can believe too. But until now, bitcoin price is really hard to predict, and all of us don't know what will happen tomorrow and when the price can increase higher.

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Another speculation for the bitcoin price which is unreality. $1,000,000 is some I see some prediction of others.
I would like to say for the everyone who predict that value it will not happen so don't expect for the bitcoin to become like that. 7-10 years is longtime and there is a lot of happens for sure.

buwaytress

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Lovely guy, to actually admit it's a purely subjective opinion. And at least 50% chance of that happening? So for a 50/50 boom or bust, I should get an expected value of 2/1. But ov34 200/1 at today's prices? Man I'd be crazy not to take that bet!

P.S. According to my own (subjective) calculations, there's a 50% chance that the guy's made a mistake in his calculation, leading to a distinct 80% chance that the $ 1 million could fall outside of the 7-10 year range. Watch this space in 2026-2029. I could just be NostraBitcoindamus.

Duzter

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One million is something very big and is beyond the reality. Though the market has got the potential to reach such a high value it is in need of very big adoption. This adoption is not possible to be attained in a very short time period. It requires a large time space to grow reaching the common people's hands. From my view when each and every common man around the world know about cryptocurrency I expect the growth of bitcoin go above one million.

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Quote from: Hiralbaria97 on April 15, 2019, 10:58:23 AM

“In my (subjective) opinion those chances of succeeding are at least 50%. If Bitcoin does succeed, 1 Bitcoin may be worth more than $1 million in 7 to 10 years. That is 250 times what it is worth today (at the time of writing the price of Bitcoin is ~ $4,000),”- Xapo CEO Wences Casares

News Courtesy - https://www.ccn.com/one-bitcoin-could-exceed-1-million-in-7-10-years-paypal-director

I thought both of them have clash of interest, when did they start supporting bitcoin, hum, I really smell something fishy about this if true, because BTC could affect their own payment system and unless they have investment already in the coin and trying to create an hype for FOMO to step in, or it could be a way of marketing themselves more to the public using the bitcoin marketing strategy other big popular images too has been using.

Anyway, if they are truly genuine in their interest, it is really going to be a great team that solid people such as paypal are also interested in cryptocurrency, so what is then left, other company’s just need to forget their issues and join in the raise.

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