Bitcoin prices may hit $1 billion - Fox Business Speculates

Febo

legendary

Activity: 2730

Merit: 1288

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

member

Activity: 280

Merit: 10

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

full member

Activity: 131

Merit: 100

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

sr. member

Activity: 434

Merit: 252

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

hero member

Activity: 812

Merit: 510

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

legendary

Activity: 1484

Merit: 1001

Crypto-News.net: News from Crypto World

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

legendary

Activity: 2898

Merit: 1823

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

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

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

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

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

hero member

Activity: 1106

Merit: 638

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

hero member

Activity: 812

Merit: 509

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

hero member

Activity: 896

Merit: 521

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

copper member

Activity: 1330

Merit: 899

🖤😏

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

full member

Activity: 177

Merit: 100

Looks like mania Roll Eyes

tigershark

full member

Activity: 223

Merit: 100

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

hero member

Activity: 770

Merit: 500

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

hero member

Activity: 1666

Merit: 753

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

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

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

legendary

Activity: 2968

Merit: 3061

Join the world-leading crypto sportsbook NOW!

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

legendary

Activity: 1848

Merit: 1000

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.

RoommateAgreement

hero member

Activity: 770

Merit: 500

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

full member

Activity: 266

Merit: 103

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

legendary

Activity: 2968

Merit: 3061

Join the world-leading crypto sportsbook NOW!

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

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

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

sr. member

Activity: 588

Merit: 254

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

legendary

Activity: 1232

Merit: 1005

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

member

Activity: 98

Merit: 10

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

hero member

Activity: 1526

Merit: 596

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

hero member

Activity: 528

Merit: 527

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

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

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

hero member

Activity: 1330

Merit: 569

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

hero member

Activity: 528

Merit: 527

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

sr. member

Activity: 476

Merit: 250

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

legendary

Activity: 3472

Merit: 10611

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

full member

Activity: 406

Merit: 100

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

hero member

Activity: 644

Merit: 501

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

legendary

Activity: 1218

Merit: 1007

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

sr. member

Activity: 546

Merit: 253

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

ardentvolcanoes

sr. member

Activity: 1050

Merit: 252

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

hero member

Activity: 1372

Merit: 647

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.

ayurvedicurea2growtaller

newbie

Activity: 28

Merit: 0

wow that's insane amount of growth.

beerlover

legendary

Activity: 3052

Merit: 1188

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

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