Topic: Bitcoin for $1 Million !!! In ten years? - page 12. (Read 2833 times)
I don't think this possible, it may rather reach $500k in 10 years, but not $1m is way too much... Forget about the graph and chart predictions they are not always right.
$1 million is quite a lot, i don't think we'll see $1 million per bitcoin just in 10 years, might take long, might not even happen.
I think some altcoin will replace bitcoin because 10 years is too long and people are going to decide and choose a coin that is better than bitcoin.
Not gonna happen! altcoins will try their best to be #1, but they will fail miserably. bitcoin always remain #1.
I think some altcoin will replace bitcoin because 10 years is too long and people are going to decide and choose a coin that is better than bitcoin.
Don't think so, as most people heard only bitcoin name.
I think some altcoin will replace bitcoin because 10 years is too long and people are going to decide and choose a coin that is better than bitcoin.
One thing is for sure that it will be pretty hard for Bitcoin to achieve that kind of price level even in a span of 10 years. Why? Because of the Buyer's confidence every time Bitcoin's price goes higher all traders will have their confidence lessen as people will start to think that it will fall harder or more often and they are right to think so because the price of Bitcoin will be so volatile and price jumps will be more higher.
Bitcoin and 1 million dollars it is look like a good dream but when i think 5 years ego for now 8200 dollars it was dream too i think everything is posible with bitcoin and i hope bitcoin price can be 1 million dollars and we can be rich person.
Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
I don't see bitcoin reaching up to $1 million in 10 years . Bitcoin growth rate is really appreciating but there will be a limit to it at some point for sure .
In 10 years , maybe the 21 million supply of bitcoin gets finished and the only way of accessing and trading bitcoin is through circulation . Then it would not be likely for bitcoin to go upto $1 million . Yes , bitcoin is very volatile and these days it is touching heights but taking such assumptions at such early stage can be pretty dis-heartening in the future.
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Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
The main flow of that chart is that it only takes into account math and not reality. Many analyses acknowledge that bitcoin has had exponential growth in the past and then go on to predict that it will keep growing exponentially in the future, but they forget the real world. The chart may be right but what happens if we have a new MT Gox or maybe a bigger one? What happens if a fork surpasses bitcoin? There are many events that can happen that could make that prediction fail.
That being said, I believe that bitcoin will keep growing for a long time.
Theoretically, this is possible in the event there are only a few coins left and al lot of people only wants to have Bitcoin, however we need to also consider that Bitcoin is not the only crypto currency around, there are a lot of altcoins that can have the price of Bitcoin today, in the future, and it might replace Bitcoin as the currency, but not Bitcoin as the asset, still I don't see bitcoin hitting 1 million USD in 10 years, there's still a lot of work to be done and more and more people are just about to venture in Bitcoin.
If it comes to $8.000 from $80, this makes 100x times price increase. Then why not for another 100x price increase next years, especially in 10 years. Bitcoin is capable of everything, adopt it and have it, the rest is happening itself.
In the case of bitcoin it can be supposed that it will achieve its target of $1 Million in the ten years we can’t predict the bitcoin for ten years but we can say that it can goes up to $ 1 Million in the future the time can’t be specified for bitcoin. When the prices goes up the people trying to sell their bitcoin as a result the supply level high in the market the ultimately the prices goes slightly down.
Theoretically, this is possible in the event there are only a few coins left and al lot of people only wants to have Bitcoin, however we need to also consider that Bitcoin is not the only crypto currency around, there are a lot of altcoins that can have the price of Bitcoin today, in the future, and it might replace Bitcoin as the currency, but not Bitcoin as the asset, still I don't see bitcoin hitting 1 million USD in 10 years, there's still a lot of work to be done and more and more people are just about to venture in Bitcoin.
The main catalyst here would be a fiat collapse or a financial meltdown.
I would not bet on a fiat collapse. Many people were talking about it since 2008 crisis, but it has not happened. In fact a lot of people's money are just burning during crisis - in bank/fund/stock bankrupcies. There is not hiperinflation in most countries though money are printing.People are just becoming poorer each year.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
you shouldn't add those ever. if you want to add price of other tokens/markets then you have to add the price of all of the altcoins! because they are separate markets no matter what their names are, they may be affected by bitcoin but they will still remain separate.
bitcoin though 100,000$ by 2021 is possible to reach but im not sure if it can go until 1million$?
Many Bitcoins will be lost on the way - due to:- forgot or lost passwords/private keys/phrases
- holders who died and did not leave access for their relatives
- holders who died i car/plane accidents
etc.etc.
This means BTC scarcity will steadily increase.
My friend bought 5 Bitcoins a few years ago, just for fun, and forgot about them untill this year, but this year he is not able to recall where he was holding them
$1 million in current buying power is indeed pretty silly.
VERY few thought 5 years ago that Bitcoin would cost 8000$ 
Many analitics predict such price, maybe not in 10 but in 20 yares, for example:
Hedge fund manager Mark Yusko forecasts that the bitcoin price has the potential to reach $1 million over the long term as the network effect leads increasing numbers of investors to use it as a store of value in place of traditional commodities such as precious metals.
Yusko, who founded Morgan Creek Capital Management and serves as the firm’s chief investment officer, is noted for his bearish outlook on the stock market.
Famouse John McAfee claims that 1 Bitcoin will be worth $500,000 in three years time.
Hedge fund manager Mark Yusko forecasts that the bitcoin price has the potential to reach $1 million over the long term as the network effect leads increasing numbers of investors to use it as a store of value in place of traditional commodities such as precious metals.
Yusko, who founded Morgan Creek Capital Management and serves as the firm’s chief investment officer, is noted for his bearish outlook on the stock market.
Famouse John McAfee claims that 1 Bitcoin will be worth $500,000 in three years time.
Impossible in that short time! That is what i can say. It needs a huge capitalization. I think it would be at $50k ranges. I believe $1M bitcoin is insane
Bitcoin has grown 30000+ times from its inception in 8 years from $ 0.1 in 2009 to $ 8000+ in 2017. Lets us think that it grows at only 0.5–1% of 30000 times, (150x-300x) in next 10 years due multiple factors, bitcoin shall be anywhere in the range 500K to 1M. Imagine if it were to grow 10% of 30000x, i.e. 3000x , it will be $10M per bit coin in 10 years.
We may laugh i am sure…in 2009 people would have laughed too.
Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.
We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
Bitcoin reaching $1 million by 2027 is over speculated as for me such a height in value might not be reach as speculated though. But believe bitcoin will continue to increase in value though not to the turn of One million by 2027 as Op rightly quote the speculation or as speculated by Op. We're at $8,200. (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).
Next milestone on chart: $100k in summer 2021. And next: $1M in 2027.
Honestly I don't think this will ever happen or that I'll ever think it will happen, no amount of graphs or technical analysis will convince me otherwise. It just seems like far too much to me. Even on the day it happens I'm not sure that I'll believe it.
Then you know not really much about economics, the potential of extremely disruptive technologies or how much money is out there in these global markets.
$1million for Bitcoin is possible. However we could argue about the timeframe to reach that high number.
I can't imagine the government or the central bank of your country would even stay quiet if the prices jump blast to 100,000 USD man it would get them thinking we need to do something about these like how can they imposed controls, regulations, controls, or worst tax man everything about them is money getting the money out of their people when the reason they were established was for the people not by some selected personnel.
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