Bitcoin for $1 Million !!! In ten years? - page 7.

cuteman

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Quote from: aeternus on February 23, 2018, 11:04:45 PM

Quote from: cuteman on February 20, 2018, 03:23:50 PM

Quote from: JL421 on February 20, 2018, 02:13:29 PM

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now , keep less than 0.001 BTC on their wallets. Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

Check below picture. You can see that only 3% of wallets have more than 1 BTC. This Bitcoin distribution is like wealth distribution: only insignificant qyu of people keep majority of wealth.

Warren Buffert

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Quote from: gabmen on February 22, 2018, 11:29:32 AM

Quote from: Firefox07 on February 21, 2018, 05:53:28 PM

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

It's just too hard to imagine at the moment, just like it was to hard to imagine btc at 10k when btc was a couple cents.

aeternus

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Quote from: cuteman on February 20, 2018, 03:23:50 PM

Quote from: JL421 on February 20, 2018, 02:13:29 PM

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now , keep less than 0.001 BTC on their wallets. Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.

It will be interesting to get the source of that data, if that is true then most addresses contain almost no bitcoin, which is not surprising since the distribution of fiat should be similar but it is something I was not expecting, if those statistics are correct then that means that most people in the forum are way above the average in their bitcoin holdings and that maybe in the future our holdings will be worth a fortune.

gabmen

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Quote from: Firefox07 on February 21, 2018, 05:53:28 PM

I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

Fake news will eventually be overrun. And not a few believe that btc will actually hit that 7 digit mark sooner or later. Though i don't know how exactly tgat can happen, i think btc has the potential to do wonders that we don't expect. Acceptance and adoption would be the key for bitcoin to reach that amount and it's remotely poasible

airdagon

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never cut it out that does not make sense of it, you think too much about prediction and always count your chickens until they hatch. we may ask for predictions, but with a note to be reasonable! do not ask for future predictions or 10 years from now. prediction is a prediction and in my opinion no one can answer it, let alone the price in the design fluctuate this, do not ask something that is still far away. just try to ask if anyone can make predictions in this year? will be at what bitcoin price this year? IMO this year alone is hard to guess, let alone predict the years to come. we focus first increased performance this year because I think the results or future profits depend on the current performance. Wink

Firefox07

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I don't think bitcoin will reach that high. There are so many challenges on the way of bitcoin. Like fake news about bitcoin and countries banning it. But if bitcoin will overcome those challenges that will stand its way. I think bitcoin will grow even more. But not $1M. Maybe a hundreds thousand dollar.

aardvark15

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On the surface, this sounds crazy. However, about 6 years ago, Bitcoin was trading around $100 or less. Even after this crash, Bitcoin is around $10,000 which is about 100 times what it was 6 years ago. Bitcoin would need to increase to 100 times what it is now in 10 years to reach $1 million. Even though it may be unlikely for that to happen, I have to say that it is possible.

RequiredBTC

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Hopefully. Because we all hope it will happen. However, sometimes i think what about people who do not know bitcoin when economic conditions worse than us?

terrific

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Quote from: cuteman on February 20, 2018, 03:23:50 PM

Most part (54%) of people posessing bitcoin now , keep less than 0.001 BTC on their wallets. Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.

Where did you get that statistics mate? If that's true then those people who have less on their wallets needs to start owning more than 0.001BTC while its not yet $1,000,000. I'm keeping one bitcoin and believe that it will go higher as that price and I don't have an idea on how long I'm about to wait until it hits that speculation.

Quote from: cuteman on February 20, 2018, 01:24:22 PM

Between 1959 and 2000 the Earth's population doubled in just 40 years. By one estimate, the number of new mouths to feed each year peaked in 1989 at around 87 million (roughly the equivalent of Ethiopia's current population). In 2010, the planet was still adding 1 million people every 4.8 days (US Census Bureau 2011).

This have a connection to the growth of bitcoin so comparing the growth of population to the growth of bitcoin can have resemblance.

cuteman

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Quote from: JL421 on February 20, 2018, 02:13:29 PM

That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

Most part (54%) of people posessing bitcoin now , keep less than 0.001 BTC on their wallets. Another 36% keep from 0.001 to 0.1.

And only less than 3% from them have more than 1 BTC at their disposal.

1 satoshi is one millionth part of Bitcoin, so even poor people will be able to own a part of Bitcoin when it reach $1 mln.

JL421

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That's a really high speculation I mean I get it bitcoin is unique and with the limited supply it could be worth way more in the future but 1 million can take 20 years or even more until people make a shift from gold to bitcoin
Only one problem is who would demand bitcoin ay such a high value?

cuteman

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Activity: 392

Merit: 102

Here is the biggest bubble of the Mankind Grin

Between 1959 and 2000 the Earth's population doubled in just 40 years. By one estimate, the number of new mouths to feed each year peaked in 1989 at around 87 million (roughly the equivalent of Ethiopia's current population). In 2010, the planet was still adding 1 million people every 4.8 days (US Census Bureau 2011).

aeternus

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Quote from: cuteman on February 13, 2018, 06:02:26 AM

Some thoughts about the BTC future.

According to Bitinfocharts.com, the 100 richest bitcoin addresses only increased their savings during the 65% fall,
and the owner of the most expensive wallet with 167,203 bitcoins won at each of the six major corrections of 2017.

So, these gentlemen don't just don't believe in the fall of the bitcoin, but rather rely on its take-off.

Accordingly, we are waiting for an increase in ROI, but do not forget about the current grim reality Wink

This confirms what I have been thinking for a long time, those that are selling are just weak hands the whales are not cashing out in fact they are getting bigger and this is even at these huge prices, I do not know if they are ever going to cash out but this is an example of what your average bitcoin user should be doing, trust in bitcoin for the long term and eventually the profits will follow.

budz0425

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Quote from: cuteman on February 13, 2018, 06:02:26 AM

Some thoughts about the BTC future.

According to Bitinfocharts.com, the 100 richest bitcoin addresses only increased their savings during the 65% fall,
and the owner of the most expensive wallet with 167,203 bitcoins won at each of the six major corrections of 2017.

So, these gentlemen don't just don't believe in the fall of the bitcoin, but rather rely on its take-off.

Accordingly, we are waiting for an increase in ROI, but do not forget about the current grim reality Wink

Yes, 10 years from now is that bitcoin will really increase in its value and it will really happen, do not worry guys as this will really happen in the future if we will just continue to support bitcoin as this could be a million or more than a thousand dollar worth, what we just have to do is to wait for the time for this to come.

cuteman

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Activity: 392

Merit: 102

Some thoughts about the BTC future.

According to Bitinfocharts.com, the 100 richest bitcoin addresses only increased their savings during the 65% fall,
and the owner of the most expensive wallet with 167,203 bitcoins won at each of the six major corrections of 2017.

So, these gentlemen don't just don't believe in the fall of the bitcoin, but rather rely on its take-off.

Accordingly, we are waiting for an increase in ROI, but do not forget about the current grim reality Wink

nightfury

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We can speculate whatever we want bitcoin's price will be in the future but it's good to see some speculations like this. If that will be the price of bitcoin in the next 10 years, then i will probably hodl my bitcoin today.

ethereumhunter

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Quote from: cuteman on February 11, 2018, 05:58:02 AM

I wonder, will we go to the $50k price till end of the year ? Roll Eyes

We may have reached the bottom recently.

Shurely price is dependent on many factors, icluding attempts to ban crypto in different countries. But Progress can not be stopped.

first, I don't think that the government will want to ban crypto and I think they don't see the benefits of cryptocurrency. although it is difficult to reach $50k in the end of the year, we still have many times to reach that number and I agree with the progress that cannot be stopped. maybe we need to reach $10k in the short-time and then the price will increase to $15k and slowly will increase to the higher price.

cuteman

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I wonder, will we go to the $50k price till end of the year ? Roll Eyes

We may have reached the bottom recently.

Shurely price is dependent on many factors, icluding attempts to ban crypto in different countries. But Progress can not be stopped.

cuteman

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Quote from: ethereumhunter on February 04, 2018, 11:39:55 PM

so I think with a base on that image, we still have much time to collect more bitcoin and waiting until at least may-june 2018, right? and if the picture really happens, then we really make a big money in the middle of this year. but the price now is also making people scared because they cannot see the price is starting to go up but only down more and more.

BTC drops happened many-many times, and each time some people predicted its total collapse. Like said Paul Krugman recently : "We're now in the late stage of a bubble, where things get cruel" Cheesy

ethereumhunter

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Quote from: cuteman on February 04, 2018, 04:46:44 PM

I am not a fan of the technical analisys, but for those who may feel scared and dispaired now during big decline, i would like to put a picture which I have seen recently :

so I think with a base on that image, we still have much time to collect more bitcoin and waiting until at least may-june 2018, right? and if the picture really happens, then we really make a big money in the middle of this year. but the price now is also making people scared because they cannot see the price is starting to go up but only down more and more.

Topic: Bitcoin for $1 Million !!! In ten years? - page 7. (Read 2824 times)