Bitcoin prices may hit $1 billion - Fox Business Speculates

Febo

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Quote from: beerlover on July 06, 2017, 10:08:59 AM

Bitcoin prices may hit $1 billion - Fox Business Speculates
Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

This is an old article.

I don really believe anyone sane expect Bitcoin be $1 Billion without USD totally inflate. One million BTC will most likely happen and way faster as I expected a year ago.

branchun77

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Quote from: hilariousetc on July 07, 2017, 05:30:51 AM

Quote from: RoommateAgreement on July 07, 2017, 05:21:03 AM

Quote from: hilariousetc on July 07, 2017, 04:43:03 AM

Bitcoin has more chance of going to zero than a billion.

no it doesn't!
the chances of hitting zero or ever going low to a small price is so small that it is nearly zero.

And you base this on what exactly? Bitcoin could easily fall by the wayside if a better functioning currency begins to dominate and that has way more likelihood of happening than going to a billion. There's no reason why it couldn't disappear like many failed at coins have so if there's no demand and a better alternative is available that could easily happen. You're a fool if you think bitcoin is indestructible or has little to no chance of becoming worthless. Even if bitcoin gained mainstream adoption worldwide and you could spend it practically anywhere you'd be lucky to get anywhere near 1 million never mind a billion.

We can never preclude the certainty from securing bitcoin achieving one million. Plainly it is conceivable and going to happen, might be not quick as we have quite recently come to $2600 at this point yet it will achieve greater costs like 1 million in the end. The main way that bitcoin will fall in cost is that, somebody presents a superior working cash however at this point appears to be unthinkable. The usefulness of bitcoin as of now characterizes the mandates for any new digital money to rise.

clearcrystal

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Unnecessary hype being created for Bitcoin. Dollar which has been ruling the whole world hasn't reached that price. A currency which would be available for all set of communities would be widely accepted. Even if it reaches $10000 in coming years it is big achievement for Bitcoin.

Proton2233

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The more people will believe in such tales, the higher the price of bitcoin will be in the future. I don't believe in such a scenario, but I like that people are spreading such rumors. Bitcoin currency is gradually transformed into God.

JL421

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What's wrong with people nowadays bitcoin will reach 1 billion and you are also dumb simply following it and not doing any sort of reaearch . Bitcoin supply isn't unlimited and for the price to reach 1 billion we need nore bitcoins than the current supply. And the demand should increase buy 40 times than the current demand

azguard

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Quote from: freedomno1 on July 08, 2017, 04:59:38 AM

We have upper limits but 1 Billion a coin is not one of them.
Unless we get some really nasty case of inflation in the future we should look at a lower target that said the market cap would be fairly high.

Even with some inflation this is impossible to happen. This would only made big collapse and dont think we could sell any coin at that price, so my thinking is that this will never happen.
Think that even 5 figures price is to some point impossible but still reachable to hit 1 billion is nothing more then some comedian funny line.

Wind_FURY

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What kind of drugs is that guy on giving a valuation like that? That would be one super impressive pump, by all the George Soroses and Warren Buffets around the world.

But whatever happens Bitcoin will always be a buy and hold.

freedomno1

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We have upper limits but 1 Billion a coin is not one of them.
Unless we get some really nasty case of inflation in the future we should look at a lower target that said the market cap would be fairly high.

el kaka22

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Quote from: pooya87 on July 06, 2017, 10:41:01 PM

Quote from: que91 on July 06, 2017, 10:13:00 PM

Quote from: beerlover on July 06, 2017, 10:08:59 AM

Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

Haha, with 1 Million/BTC I think the world's will panic with the price of Bitcoin. But with 1 billion oh my god, I can't imagine when this future become to really, the value of USD on the world still high or low, maybe when that time the need 100 dollar to buy a bread Grin

these things won't happen over night so nobody will panic. the same way as price was $0.10 once and now it is $2500+ and back then if you said it will be $1000 or $2000 people would have panicked the same. it is going to be a slow growth with more adoption over time.

Will not happen in over night, I agree. But it will not take same duration for achieving $2500 in similar ratio. Growth of bitcoin is proven as following exponential hence we can expect those to happen in a decade or two.

Adoption rate, popularity of bitcoins and applications of bitcoins are not remaining same as for ever like what they are in eight years back and now. Hence price rises will not be same in coming years. Moreover speculations are known for happening well in advance. If we speculate for decades, it may happen within 2 to 4 years too.

HabBear

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Did you read the article?

Fox Business actually didn't say it would hit $1b, they asked the question "could it hit $1b?" and no one agreed.

Quote from: Fox Business News by way of Cryptonews

Toward the end of the segment, the discussion shifted to specific price predictions. Although no one on the panel directly suggested the bitcoin price could reach $1 billion, the Business Alert ticker asked “Bitcoin to reach $1bn?” Payne asked Brockwell whether she agreed that it could reach $1 million, to which she replied it can go “to the moon.”

In any event, this is just news pundit fodder. No one's making a prediction, they're just riffing with each other. The bigger take away from the segment is that they admit to not taking bitcoin seriously at first but are now taking it seriously. This is the only comment of importance in the entire segment.

cafucafucafu

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Quote from: beerlover on July 06, 2017, 10:08:59 AM

Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

Obviously there has to be a condition for this to happen. Bitcoin can't just rise to 1 billion overnight.

The real catalyst isn't going to be a boom in bitcoin's actual value, but rather the never ending depreciation of fiat currencies that bring a lot of people into using alternatives such as bitcoin in the first place.

To those skeptics who say that a fiat collapse will never happen, take a look at Zimbabwe. Take a look at Argentina. Take a look at Venezuela. They all had perfectly healthy economies before, and are doing pretty well until something devastating happened. Now, when an economic collapse happens, not only will bitcoin price keep up with inflation, it will probably exceed inflation percentages as more people want to get in and less people want to get out of btc.

iram1011

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Quote from: digaran on July 07, 2017, 08:45:16 AM

Please at least be reasonable, if price hits $1B then the cost of mining should hit minimum $500M now I don't know about Wu as he might be nuts to actually spend that much(literally billions) to mine but for me? no thanks I think I'll be going for LTC instead and then other Bitcoin's copies down the line.
In case you've missed we're having difficulty reaching $3000 and we wont go higher than $50,000 in the next 50 years.
People are going crazy these days.

At present there are about 16 million bitcoin and approx 5 million holders. But in future when all the coins are mined and the number of holders will increase to Billion with only 21 million bitcoin in supply, that might happen. Even I too believe $1billion is a ridiculously high price. But why to shy away from possibilities.

digaran

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Please at least be reasonable, if price hits $1B then the cost of mining should hit minimum $500M now I don't know about Wu as he might be nuts to actually spend that much(literally billions) to mine but for me? no thanks I think I'll be going for LTC instead and then other Bitcoin's copies down the line.
In case you've missed we're having difficulty reaching $3000 and we wont go higher than $50,000 in the next 50 years.
People are going crazy these days.

CryptoLenin

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Looks like mania Roll Eyes

tigershark

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Quote from: beerlover on July 06, 2017, 10:08:59 AM

Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

I don't think the price will get to $1 billion per bitcoin. There are people that hold 100 bitcoins or more. There would be a lot of billionaires and some people will $100 billion or more. I don't see that happening. Even $1 million seems too high.

RoommateAgreement

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Bazinga!

Quote from: hilariousetc on July 07, 2017, 05:30:51 AM

Quote from: RoommateAgreement on July 07, 2017, 05:21:03 AM

Quote from: hilariousetc on July 07, 2017, 04:43:03 AM

Bitcoin has more chance of going to zero than a billion.

no it doesn't!
the chances of hitting zero or ever going low to a small price is so small that it is nearly zero.

And you base this on what exactly? Bitcoin could easily fall by the wayside if a better functioning currency begins to dominate and that has way more likelihood of happening than going to a billion. There's no reason why it couldn't disappear like many failed at coins have so if there's no demand and a better alternative is available that could easily happen. You're a fool if you think bitcoin is indestructible or has little to no chance of becoming worthless. Even if bitcoin gained mainstream adoption worldwide and you could spend it practically anywhere you'd be lucky to get anywhere near 1 million never mind a billion.

the same reason as when bitcoin came USD and other fiat currencies didn't fall to the ground as burn!

even if some day in the future another better system came, it would take years for it to gain the foot hold that bitcoin currently has. you are a fool not to see all the adoption that is going on all around the world, and they are adopting bitcoin not some shitcoin you think is good.

magneto

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Quote from: beerlover on July 06, 2017, 10:08:59 AM

Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

Ultimately fiat is worthless. So it doesn't matter whether it is 1 billion, 1 trillion or 1 quadrillion. It is inappropriate in a hyperinflationary state of a currency to measure a store of value in that particular currency.

Obviously, do not expect 1 billion to be worth very much when bitcoin does hit that mark. It'll probably be worth some 0.001% of its current value. Don't see bitcoin as some sort of get rich quick scheme. It is merely a store of value, and the real value of bitcoin probably hasn't increased that much. It's the decrease in the value of fiat that will cause bitcoin price to rise in dramatic fashion in the long run.

But as others have said - i see this site as just being another site trying to grab attention by putting flashy headlines.

harizen

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Quote from: beerlover on July 06, 2017, 10:08:59 AM

Yes, you are reading it right, it is not million.
Very interesting, while reading it I just recalled what some folk said when PayPal directors speculated for $1 million.

Like me, you also will love to read this twice : https://www.cryptocoinsnews.com/fox-business-speculates-bitcoin-price-reach-1-billion

Even without reading the whole article and even how strong the will of being a positive bitcoin enthusiast is, let's just take our desire into somehow close to reality. Billion worth for every single bitcoin is just a hype discussion for me but really can't happened.

While there are growing numbers of new ICO every now and then, it's just diversifying all the money of the investors and cannot be focused on only bitcoin purchasing. Id rather to see bitcoin price will play on maximum $5,000 for decades than to desire the impossible target price.

hilariousetc

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Quote from: RoommateAgreement on July 07, 2017, 05:21:03 AM

Quote from: hilariousetc on July 07, 2017, 04:43:03 AM

Bitcoin has more chance of going to zero than a billion.

no it doesn't!
the chances of hitting zero or ever going low to a small price is so small that it is nearly zero.

And you base this on what exactly? Bitcoin could easily fall by the wayside if a better functioning currency begins to dominate and that has way more likelihood of happening than going to a billion. There's no reason why it couldn't disappear like many failed at coins have so if there's no demand and a better alternative is available that could easily happen. You're a fool if you think bitcoin is indestructible or has little to no chance of becoming worthless. Even if bitcoin gained mainstream adoption worldwide and you could spend it practically anywhere you'd be lucky to get anywhere near 1 million never mind a billion.

tiggytomb

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Quote from: hilariousetc on July 07, 2017, 04:43:03 AM

Quote from: jhenfelipe on July 06, 2017, 06:39:38 PM

None of them said that it will hit $1 billion dollar, so I think the title is misleading. I read the article and watched the video and with the question about hitting $1 billion price the panel didn't answer it directly and just stated that bitcoin can go to the moon. Who knows how much "moon" is, right? Anyway, though it's a positive thing for the holders, I don't think it will happen anytime soon, the price is still in thousand.

Exactly. It's just that shitty crapcoin website trying to grab headlines.

From the article:

Quote

Toward the end of the segment, the discussion shifted to specific price predictions. Although no one on the panel directly suggested the bitcoin price could reach $1 billion, the Business Alert ticker asked “Bitcoin to reach $1bn?” Payne asked Brockwell whether she agreed that it could reach $1 million, to which she replied it can go “to the moon.”

Even more relevant:

Quote

For bitcoin to reach $1 billion, it would need to experience a 38,491,100% increase from its current $2,598 mark. This would give bitcoin a very respectable $16 quintillion market cap given the current supply.

Bitcoin has more chance of going to zero than a billion.

I have to agree with you, there is more chance than it falling to zilch then it ever has of reaching a billion, I know it is speculation but a billion is out of this world.

Topic: Bitcoin prices may hit $1 billion - Fox Business Speculates (Read 1740 times)