Topic: Bitcoin hitting $1 million is possible. - page 3. (Read 534 times)

1 million is completely possible and I say that as a sensible boring person but the big but to that statement is you are asking that question much too soon.   If it happens this decade it will be of some concern to quite a few people, it might even be counter productive in garnering too much attention, legislatively etc.

Its not happening this cycle imo and would not make sense, even this decade is rushed imo.  The reason its not fifty years from now is the dollar decline, it should be that BTC grows alot faster but its not quite true just yet.

There is some advantage to round numbers I'm just realizing.  We advanced so far since price was 100 when I first registered here; now we have 5 zeros in the dollar price & also zeros in the BTC price.

I know some doing phd maths but Im more a fan of simple tricks and ease of execution.  If your BTC price or satoshi price has say 4 zero, its a thousand satoshis or so then you can get the dollar price by noting the 5 zeros in the dollar price and moving the decimal point just once.  
So 1000 satoshis is 1 dollar as we are so close to 100k.  Im not talking precisely dead accurate pricing just on the spur type conversion.

   Im the type of person who thinks the simple things matter and I like that easy conversion anyone can do and everyone has an idea of what is a dollar worth, now they will (soon) know in Bitcoin a 1000 satoshi value very simply.    If 1m is a target its mass appeal, not elisism but very small simple change.

  People got to be able to buy a beer drunk and not risk emptying their wallet by accident, BTC has to be incidental a no brainer even for people who dislike tech like the modern remote control level of ease; if this occurs then its a world product and $1m is quite fair.

I do not calculate it yet, but from my my rough calculation, bitcoin will get to $1 million after its marketcap would be between $18 trillion to $20 trillion if not more. This is not something easy to achieve. Bitcoin can easy add more digits when the price was low, but as the price increases, it will not be easy.

But what I know is that bitcoin will remain as an asset of value that its price will increase in long periods of time.

Yeah, but 1 million can come faster if hyper inflation hit us earlier. The hyper inflation would contributed a lot to bitcoin's price, but i dunno when. It may be next year or next decade.  

Let the government print as much fiat money as possible, then help BTC to reach 1 million asap. This sounds crazy, but a sense idea.

$1M bitcoin? It is likely to happen but not sure in the near future, where now Trump wants to make reserves in bitcoin as promised in the campaign, actually this is not certain that politics can be said to be manipulated in the sense that Trump can not do it, and what if during his term Trump does not do it?

Just my own speculation, that bitcoin will continue to rise to its peak, but just wait.

Any price that's being speculated about bitcoin I believe is possible. I don't have to doubt what I don't have control over. Let's play back to 2010, if they had told people that time that bitcoin will get very close to $100k in 2024, majority of them would have doubted, because back then $100k was unimaginable, but today we are just few dollars away from getting past $100k. So $1M might be looking so big and a lot of people will still be doubting. As for me I won't make that mistake that most people did in the past by doubting instead of accumulating and waiting for the right time. Bitcoin has no top, it's only a matter of time for it to hit a certain price level. So I believe that $1M is very possible, provided you can exercise the level of patience required.

I myself also didn't believe in bitcoin when it was launched and I never even predicted that bitcoin would reach a big increase like we see now and now everything happens beyond our ability to think.

To achieve what you said, money is needed to accumulate and maybe the excess in bitcoin can be bought according to our financial ability. Consistency in accumulating is very much needed because in that way we can slowly collect it and also have a much easier pattern where people can use DCA as a step to continue collecting bitcoin. Patience and consistency in holding will be the key to success in investing in bitcoin and it must be maintained if you want to be successful.

I don't know if this bill will pass Congress or not, but not only Trump but some senators also put forward the same idea as Trump. Trump was the first to come up with the idea, but he is not the only one in the US government who wants to do this. So even if Trump doesn't make this proposal, sooner or later, pro-bitcoin senators will bring it to Congress for consideration. If this happens it will be a good thing and will have a significant impact on the price of bitcoin. So instead of being skeptical just because you are a Harris supporter, you should support it.

By the way, if they really want to do it, whether we like it or not, no one can stop them and the only thing we can do is adapt.

I believe in the possibility of Bitcoin hitting $1 million someday, but that would not be as soon as some people have thought. We should first of all see Bitcoin reaching different milestones in the price of $200k, $400k, and $700k before the $1 million would arrive. The $1 million price wouldn't happen in a twinkle of an eye. Those who anticipate it would be patient enough to hodl Bitcoin in different bearish and bull run markets circles because that will be a whole lot ride that one would be tempted along the line to sell their Bitcoin for $150k, $400k, and 700k before $1 million price happen.

As for me, I plan to sell my Bitcoin at $150k during this bull run before considering higher prices, in the next bull run

Like for real man it's retarding. Infact before I opened up this post from my bot I was like please let this not be related to political matters and a twitter post and here have you!! (Sighs). The fact is that at some point I get this kinda aura and feeling that bitcoin's decentralisation is at stake not based on network consensus but based on price action and manipulation. Infact I've have the thought for countless times that I had to create THIS POST to let it out.

One of the most alarming problems we are underestimating is FOMO because that's what big firms hodling bitcoin for profit only purposes use to take advantage of the market by manipulating price with their sudden new ms of moving or selling off some bitcoins.

This is a terrible thing people are doing these days trying to stick bitcoin's future on US government's decision.

It seems like they do it from time to time as well. Not so long ago we had them do it with a "rich celebrity" called Musk just because he too was talking positively about bitcoin during a bull run. They did it so much so that some of them started believing that bitcoin was only rising because of his tweets!!!

Then what happened? Musk made a 180 change and started spreading FUD about bitcoin (the environment related nonsense) and the same idiots panic sold their bitcoins.

Now they are doing it with Trump...
Just imagine the number of idiots who would panic sell the moment Trump faces some electrical grid instability and starts the same FUD his buddy Musk (yes the same Musk who was spreading FUD about bitcoin) was spreading and says it is bitcoin's fault and bans it...

P.S. Bitcoin reaching $1 million has been and will continue to be possible with or without US imaginary strategic reserve.

I am honestly starting to doubt that there will be any bitcoin reserve. Because Trump doesn't understand bitcoin, he is also is notoriously moody and easily manipulated.

And if there will be said bitcoin reserve, rumor of it will already have been priced to that $1 million, when they start building that reserve.

Bear market starting from that could actually cause depression in USA unlike anything we have seen before, because there will be unprecedented amount of money tied to bitcoin. And combine that to inflation from tariffs alone.

Obviously trump will blame "radical left" for the next bear cycle, and probably even hints that shorting BTC should be illegal and un-American. That will be against of open markets, but somehow that's now what republicans are ok with. Or he might even use rumors and promises to pump those tokens, that his family is connected to as well. That would mean jail time for anyone else, but trump is now legally protected from things he does as a president.

I thought that nothing could top the weirdness that was happening before in the crypto space, but things are going to get exponentially weirder.

Imagine how the tables have turned. OG bag holders and influencers can soon dump their bags on not only their followers, but on whole USA now.

It's not that it's possible, it's that it's going to happen, you just didn't know.

The question is when.

The BTC to $1M thread

Gold is for the times of dire events in the world.
BTC (which can be considered a digital version of gold) is for times of optimism and prosperity (at least in the minds of people  ).
That's how I see it, and I think it's possible, but not during this cycle, like, at all.

It's definitely possible, check gold which have $18 Trillion market cap while Bitcoin currently have $1.9 Trillion market cap

Technically if Bitcoin price reach $1 Million, it might be around $20 Trillion, which is similar to gold market cap.

I consider gold because almost everyone are accumulating gold to protect their wealth, if gold have such market cap, then Bitcoin market will not be more or less than gold. It's not hard anymore to buy gold, many people are choose to buy gold in IOU version.

Diamond hands + understanding of how far the cycles may lead you, at least on paper + having a target in mind = you will get our great PNL and funds to get more BTC later.
Period.

Predictions that bitcoin will hit $1 million are becoming more and more popular and this reminds me of predictions that bitcoin will hit $100k during the 2021 bull run. It is also because of those predictions many people believe that bitcoin will reach $100k in 2021 and in the end, not too many people took profits and became liquidity for others.

I wouldn't be surprised if history repeats itself again, a lot of people are making profits but after the bull run is over they will cut their losses or will continue to hold bitcoin reluctantly because they believe in predictions like this.

Bitcoin can hit 1 million but that is unlikely to happen in this cycle, we should stick to the original plan instead FOMO and becoming liquidity for others.

This whole thread and news on Twitter seems like a fantasy, yet a decade or so ago, nobody would ever say BTC would reach $100k.
It's not real now, but it may be in the far-far future.

Sounds like a fuzz to me during this cycle, but in the far future - probably yes.
 

Bitcoin hitting $1 million is possible but likely never going to happen not because it doesn't have the potential but the powers that be will prevent that from happen. And yes the powers that be include the those who want the US Dollar to continue to dominate or be the strongest currency, those who want BRICS to topple the dollar, the IMF, World Bank, and all those financial institutions that control the world. There will be chaos because it will mean less depence on them for almost anything. People would be in charge, in control of their lives, their finances. These "guys" don't want that. Power means control. And once they lose control of the people, they become powerless. This is why I think that despite it fundamental and potentials, it will be easier for a camel to pass through the eye of a needle than for bitcoin to hit $1 million.

Watch this video.👇

https://x.com/TheBTCTherapist/status/1861924136160751948?t=mV3zjl6Klgwo0LFxclOgtw&s=09


When Bitcoin was created a lot of people never believed Bitcoin will grow this big and now some people still don't believe Bitcoin can hit $1 million.

Watch this video. 👇

https://youtu.be/TStHIUrGZY8

All you need to do is to keep accumulating and hodling be consistent and patient this two things will help you achieve success in your Bitcoin investment.