Bitcoin prices may hit $1 billion - Fox Business Speculates - page 2.

RoommateAgreement

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Bazinga!

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.

the 1 billion however is a possibility. but it is all about timing. these big prices are usually in a far future not tomorrow or one month from now. that would be silly.
but a long term rise, with all the adoption that curretly is going on, i can assure you is possible.

ktabb

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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

People make all kinds of ridiculous speculations to get clicks all the time. $1 billion per bitcoin would require the US dollar to crash in an unprecedented manner that would represent the largest economic crisis in human history... to the point that $1 billion USD would be the equivalent of a couple thousand today, so really the value of bitcoin wouldn't go up. At current USD price there isn't enough USD in the world for anything to be worth that much. Basically this is just clickbait.

hilariousetc

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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.

Bitcoinsummoner

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This is impossible price speculation that i think we may die first before we see that price.. but i'm not expecting this price that bitcoin can be hit $1 billion like other said even $1 million is impossible.
You will die first and i think 100 years or more the price could be touch nearly $100 thousands this is just my own speculation..

Panda Trump

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So let's say the Bitcoin Price would hit $1 billion... What would that mean for its market cap?
18 million times 1 billion = 18 quadrillion ($18,000,000,000,000,000). That's litterally 2.4 million dollars per person living on Earth...
That would only be possible if the value of the US Dollar dropped so much that you could call it hyperinflation...

I recently wrote an article about the maximum value of Bitcoin, which might be worth looking at the pictures (all art was made by me)

->> https://steemit.com/bitcoin/@pizzachain/how-high-can-bitcoin-s-price-really-go <<-

Regards,
Trump

White sugar

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Looks like people are making a secret competition about what will be the most irrealistic Bitcoin prediction.

How many is 21M Bitcoins vs 1B price Huh

espante

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Quote from: timerland on July 07, 2017, 03:17:52 AM

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

It's completely doable provided that we have a few decades to achieve this.

It's not that bitcoin is in a bubble, though. I would suspect that if bitcoin does reach a billion dollars each, then the whole world economy will be in a complete mess. 1 billion dollars would probably be somewhere in between $5000-10000 in today's dollars, so after being inflation adjusted.

Long term wise i think that everyone agrees bitcoin is going to be a success and definitely be a store of value, if not a source of profit as more people adopt bitcoin. It's the short term that a lot of people worry about, bubbles and all that.

Normally when you talk about future prices you mean in todays dollars. A billion is completely impossible in that regard and even a million is extremely unlikely.

timerland

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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

It's completely doable provided that we have a few decades to achieve this.

It's not that bitcoin is in a bubble, though. I would suspect that if bitcoin does reach a billion dollars each, then the whole world economy will be in a complete mess. 1 billion dollars would probably be somewhere in between $5000-10000 in today's dollars, so after being inflation adjusted.

Long term wise i think that everyone agrees bitcoin is going to be a success and definitely be a store of value, if not a source of profit as more people adopt bitcoin. It's the short term that a lot of people worry about, bubbles and all that.

Pente

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Quote from: ethereumhunter on July 07, 2017, 12:54:58 AM

Quote from: Pente on July 07, 2017, 12:31:04 AM

While I hope for a $million in my lifetime, I see a $billion as being fully possible by the year 2100. By then we will probably see at least one hyperinflation event.

its an interesting news and i really like it and it could be happen but i wonder if we are still alive in that year or not? if we can live until that year, then we can see that our grand children will enjoy the profit and they can buy anything they want with that money.

I don't have a lot of bitcoins, but I still plan to set one aside for each of my five grandkids. Best would be if it could be a surprise for their 35th birthday. Young enough to still enjoy it, but old enough that hopefully they won't just waste it.

ethereumhunter

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Quote from: Pente on July 07, 2017, 12:31:04 AM

While I hope for a $million in my lifetime, I see a $billion as being fully possible by the year 2100. By then we will probably see at least one hyperinflation event.

its an interesting news and i really like it and it could be happen but i wonder if we are still alive in that year or not? if we can live until that year, then we can see that our grand children will enjoy the profit and they can buy anything they want with that money.

audaciousbeing

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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

After reading the article, I cannot but conclude that's its just an expression of thought and assumptions and from there several analogies were made without any basis just from the figment of their imagination. In as much as this would mean a lot of improvements but I don't see it happening anytime soon.

Pente

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While I hope for a $million in my lifetime, I see a $billion as being fully possible by the year 2100. By then we will probably see at least one hyperinflation event.

Jherek

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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

Thanks for sharing the article.

Anything is possible. 1 billion dollars per bitcoin is just an arbitrary number. Remember how Zimbabwe's inflation crisis hit them real hard a few years back and they had cash that were up to 100 trillion dollars in value, but back in 1980s or 1970s their Zim dollar was actually worth twice the value of a US Dollar? That's what centralized economics can do to a nation - totally devastating.

Considering that hyperinflation seems to be inevitable, and it's just a matter of time, bitcoin will be seen as a hedge against that. Once it happens bitcoin's price will keep pace with the inflation and 1 billion per bitcoin could be an underestimate if the hyperinflation goes over the roof.

pooya87

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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.

que91

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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

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

Yuuto

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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

Quote

The main people promoting this technology are those who understand that governments can be dangerous.

Spot on.

A lot of people are ignorant enough to say that bitcoin is a ponzi scheme, bitcoin is a total scam and whatnot, but bitcoin is really just a hedge against the imminent collapse of all fiat currencies. It is clear as crystal that only decentralized currencies can survive in the long run. For example gold, it has been currency ever since it was discovered by mankind. But fiat currencies have never survived for more than 200 years and every single time that a fiat currency collapses it is a precious metal replacing the currency.

But this is different now, it's the 21st century. Internet access has reached over half the population of the world, gold and silver is bulky to carry around in large quantities and not very divisible. Bitcoin is the alternative. 1 billion dollars per bitcoin is completely expected if fiat currcencies collapse or end up in a hyperinflationary scenario as people will see bitcoin as the best alternative.

Yakamoto

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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

That's an impressive speculation but I definitely don't think that there are going to be Bitcoins being valued at $1B USD within the next few decades at the very least. It just doesn't look like there is enough interest from the rest of the world to push Bitcoin further higher than a few thousand. Of course that also just relies on other people getting involved in general and it might be possible.

Interesting to think that someday the value coming from signature campaigns these days may one day be tens (or hundreds) of millions of dollars in value.

duke944

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This article is beyond tongue in cheek, why would you post such idiocy?

ardentvolcanoes

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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.

well moon is more than billion I guess but in reality it will be very hard to believe that the value can go up to that price I'm also a fan of btc but what will happen if that thing happen? for sure government will seek and try harder to control this system.

jhenfelipe

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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.

Topic: Bitcoin prices may hit $1 billion - Fox Business Speculates - page 2. (Read 1724 times)