Topic: Bitcoin for $1 Million !!! In ten years? - page 3. (Read 2824 times)
I think that bitcoin will never cost one million dollars. This is not really practical, although it may be in theory on schedule it can be. There are many factors that will constantly prevent the growth of bitcoin to such great heights. And what is the growth of bitcoin in price in such limits? This is purely speculative demand, which reflects a temporary situation. It can not be permanent. Therefore, the volatility of bitcoin will increase, and with it the possibility of panic among investors will increase. This will not allow a large increase in the price of bitcoin.
Two analysts believe bitcoin's recent spike comes from an increase in trading volume in Asia. Mati Greenspan of eToro and Clem Chambers of ADVFN argue that the trade standoff between the United States and China has turned investors to bitcoin. As the standoff threatens the value of Chinese and American currencies, Asian trades - especially in Japan and Korea - have increased investment in bitcoin as a hedge.
One million per coin seems a bit too much to expect, but the total amount of money in the whole world is huge. If Bitcoin can replace some financial assets or become a completely new financial asset type, who knows what might happen.
no one can predict the future, 10 years is a very long time.but I'm sure in the future bitcoin will rise high above yesterday's highs.
BitMEX CEO Arthur Hayes believes bitcoin will fall to $5,000 per coin before heading to $50,000 later this year.
The price of bitcoin jumped nearly $800 in an hour on Wednesday. Hayes believes that jump coincides with a quick surge of investors entering around the same price levels. He said the coin could jump as high as $10,000 before crashing to $5,000 on the road to his year-end prediction.
The price of bitcoin jumped nearly $800 in an hour on Wednesday. Hayes believes that jump coincides with a quick surge of investors entering around the same price levels. He said the coin could jump as high as $10,000 before crashing to $5,000 on the road to his year-end prediction.
I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it.
Final number of bitcoins is limited to 21 mlb coins, and if the govenments will decide to brake this rule, they will need to breake bitcoin protocol, wich was not possible possible so far. There are also estimations that 25% of bitcoins have been lost for good.
I really agree with you, I'm sure this can be very expensive, how not to keep the price of bitcoin at a very low cost while the bitcoin supply is so limited that making bitcoin can be very expensive someday.
There is a huge chance for bitcoins to reach $1m in ten years if the market price will just continuously grow every year and people will not stop investing on cryptocurrency.
An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009
Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.
Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.
Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.
Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."
Gold used to solve the same issue but like always governments found a way around that by mixing copper with gold and creating a greater coinage with the same amount of gold, this is deficit spending and modern governments do not even have that limitation anymore since fiat currencies have no relationship with gold an I'm sure the governments will find a way around the limitation of the number of coins in bitcoin if they really want it. Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.
Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.
Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.
Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."
Digital Currency Group's Silbert buys more bitcoin, says it has 'hit the bottom for the year'
Digital Currency Group's Barry Silbert is a big proponent of cryptocurrencies as an asset class. "I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin last week," he said at the Delivering Alpha Conference in New York on Wednesday. “As an asset class it is here to stay … I’m 100% confident a decentralized, non-fiat form of money is here to stay.”
Digital Currency Group's Barry Silbert is a big proponent of cryptocurrencies as an asset class. "I think we’ve probably hit the bottom for the year. I actually put some money into bitcoin last week," he said at the Delivering Alpha Conference in New York on Wednesday. “As an asset class it is here to stay … I’m 100% confident a decentralized, non-fiat form of money is here to stay.”
Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade
The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday.
"As it gets more into the mainstream, and as more markets end up allowing it to trade where it's freely tradable, to me that's more of the bet," Lasry said in a "Squawk Box" interview, adding that he sees bitcoin investors making five to 10 times their money in three to five years.
The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday.
"As it gets more into the mainstream, and as more markets end up allowing it to trade where it's freely tradable, to me that's more of the bet," Lasry said in a "Squawk Box" interview, adding that he sees bitcoin investors making five to 10 times their money in three to five years.
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That is a huge price for 1 Bitcoin and I think it would be really hard to reach,
But who knows 10 years is a very long time a lot of things could happen .
But who knows 10 years is a very long time a lot of things could happen .
when this is really happening, I am sure that all of us will be a rich person and we can have a lot of money in our balance. in that time, we can buy anything we want and I think many people which are not joined in the crypto will regret because they are too late to join. 10 years is not too long and if we can do many things from now to collecting more bitcoin, then when the times comes, we can sell it to earn a big money.
That is a huge price for 1 Bitcoin and I think it would be really hard to reach,
But who knows 10 years is a very long time a lot of things could happen .
But who knows 10 years is a very long time a lot of things could happen .
1 Million dollar is too much money but we don't know whether it will reach or not, I think it is impossible to reach 1 million dollars because in the last year 10 year we have seen expectation from 200$ to $20k. 1 Million dollars too much amount and it is impossible to reach that much high amount.
An anonymous gambler has bet $6.3 million that the price of bitcoin will exceed the stock price of Berkshire Hathaway by 2023. Tom Waterhouse, an Australian bookmaker, tweeted the wager earlier this week. The gambler has a long way to go. Bitcoin currently trades just above $6,000 per coin, while a share of Berkshire Hathaway goes for $287,100 per share. The bet is at least somewhat a dig at Warren Buffet, the Berkshire Hathaway founder who earlier this year called bitcoin “rat poison.”
a bet is a bet only if money is put down in the middle like in some escrow so that the two sides of the bet have no way of getting out of it, otherwise it is just social media nonsense trying to hype things up and must be ignored.
although this bet is a safe bet one can make, we have the halving in 2020 and 2023 is close to the next halving so you can see two major guaranteed big rises in bitcoin and in the middle there will be a lot of other rises. reaching 10x of last ATH in 5 years means 2x rise per year which is the smallest rise bitcoin can have.
Making it to the $1M charge in 10years makes it too formidable for me. I realize there's no barriers in every hypothesis. however what happens now could be a bloodbath, as this can want enough time to recover and make a brand new bull run. i'm positive that the fee will step by step circulate up however the $1M for 10years could be too much.
An anonymous gambler has bet $6.3 million that the price of bitcoin will exceed the stock price of Berkshire Hathaway by 2023. Tom Waterhouse, an Australian bookmaker, tweeted the wager earlier this week. The gambler has a long way to go. Bitcoin currently trades just above $6,000 per coin, while a share of Berkshire Hathaway goes for $287,100 per share. The bet is at least somewhat a dig at Warren Buffet, the Berkshire Hathaway founder who earlier this year called bitcoin “rat poison.”
Forecasts do not always come true, they are made up by people, and we may be wrong.
An early investor in Airbnb and Uber explains why he started buying bitcoin in 2009
Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.
Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.
Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.
Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."
Jeffrey Wernick is an independent investor whose portfolio includes early holdings in Uber and Airbnb. Wernick was also an early investor in bitcoin. He started buying it in 2009, the year it was created.
Wernick's initial interest in bitcoin was not just speculation that the price would rise. He believes bitcoin's value comes from its ability to solve the biggest problems with fiat money.
Wernick believes the ability to run large deficits and debase the currency changes the relationship between the government and its citizens. He believes it gives the government the ability to do things without the consent of the people.
Wernick says bitcoin solves these problems because it is a "people's currency, it's defined by the people, and it's defined by rules and a protocol that people trust."
I think bitcoin can reach 1$ Million after all bitcoins will be produced. We will have to wait and have patience and bitcoin will grow. So waiting is the key and not dump your coins.
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.
Maybe it will happen but we don't know when it will happen because as of now we are facing a down trend or bear market so no one can tell if after years we hit a 1million per bitcoin. 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.
No, it will never happen, and if one day bitcoin starts to grow, i think that it will never touch $50,000 or so, so there is no way to think that it will ever touch one million dollars each one of them, it is insane and unreal, it is like scy fy.. stop with that shit
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