Topic: BItcoin: The path to $10,000,000 ten million dollars per coin - page 10. (Read 3137 times)

Core lives in reality, and accepts that there are technical limitations in scaling a decentralized network, WHILE maintaining decentralization.

Guys....ask people around you about bitcoin. How many of them know about it? How many of them own it?

We are in the very early stages of Bitcoin adoption and trading.

Price have going up insanely with just a small percentage of the world population using it.

Can you imagine what would be the buying power of one full bitcoin once 60% or 70% of the population HAVE to use it after the banking system and fiat currencies goes to zero???

There are only about 13 million bitcoin in circulation for 5 billion people.......just think about it. You have to be insanely stupid to think that bitcoin is going to zero or will stay sideways forever.

It is a huge number if you think of it, but for me, it is possible to happen since bitcoin is volatile, all crypto does. Maybe it is a long time for that to happen, just look at the value as of now. It is on a downfall since it reached its highest peak of value last two years ago. If we still hold and support bitcoin maybe it can happen again. Do not panic sell because maybe it is the one reason also why the price is going down. Keep on promoting bitcoin because we can encourage more investors, the more investors the more possibility that there are more buyers of bitcoin.

The number of people interested in the bitcoin exchange rate has greatly decreased. Bitcoin is no longer as popular as it used to be. In 2017 Bitcoin increased its value by up to 20 times. That's an unthinkable number, for sure a certain group of people had a very thorough plan to manipulate the exchange rate. Anyway, everyone has faith in the market and often pours money into it to keep Bitcoin's exchange rate stable above $ 3,000. Anyway, from $ 20,000 to $ 7000 is more comfortable than the loss of other altcoins.

thats very exaggerated mate,i support bitcoin and had trusted for years i even hold amount longer but looking for 10 million dollars a piece?

i am enough with 100k$ and thats more than better to expect.

It seems like what you say that really admires the perception that bitcoin can reach $ 10,000,000. but maybe I will also be very much in agreement with you will question, is it possible can happen? I doubt that because the value is too fantastic and we know that big investors also always play in it and manage all bitcoin movements. if it's a matter of fact there will be a new rival for bitcoin, of course I'm not too worried, all keep coming back that bitcoin is still king.

Your theory is valid, BUT they did not wait for the price to

get to the USD 10 million level to try to "stop" price and

network growth. They are trying so hard to do it since

Bitcoin was $50 dollars....and you know what? THEY

HAVE FAILED.

That is why they are so desperate using the mainstream

media and paid fudsters in all forums telling people all

sorts of lies like Bitcoin is a scam, a ponzi scheme, is going

to zero, and a bubble over and over and over again.

Banks, governments and wealthy individuals are losing the

war against bitcoin. They know what is coming

Wishful thinking sadly. It isn't so simple as that.
Bitcoin have qualities of infinite rising value, but will it happen? Hard to say now, its still can be manipulated easily by wealthy people/companies if they wish. Slowly buying Bitcoin off market is simplest precaution of it becoming insanely expensive in future. For Warren Buffet fund or Facebook money or even google money it would be tiny tiny tiny sideproject to do (buying bitcoin steadily but slowly that noone notice). It wouldn't change their finance as companies/personas at all.

typical response of a centralised preferer
'if you dont like cores decisions you can f**k off to an altcoin'

totally missing the point that no one should have to fork off to other networks if core makes bad decisions.
core should only make changes if the community come to a concensus without forking

if something is controversial instead of forking people off. devs should re-address their proposal and find a compromise and features the community can consent to
bitcoin has lost its consent to upgrade. and become a deport opposition and upgrade without consent. which is not a byzantine generals solution bitcoin solved

I have no doubt that Bitcoin has this potential to be a 10 Million USD priced coin, but I am sure it won't happen. Because powerful countries won't let this happen easily, they will try to control the crypto market harder and even I don't want to see Bitcoin at 10M USD, 100K USD will be more than expected! If bitcoin starts growing like heavily, the world will recognize it and maybe they will endorse this great technology, but they will make stop it if the price cross 50-100K USD!

I have nothing against GMax... Microtransactions were not part of the design, go look up satoshi's posts in this forum. There are ways to do the "vending machine" transactions tho and it was probably another off-chain solution back then. You could send value down to the satoshi, but wasn't meant to send only just 1 satoshi.

I read ars for other non-bitcoin news.

You don't have to use core. You can fork your own if you don't like the rules or the protocol. You'll probably end up with something like Bcash or BSV tho.

core are happy that bitcoin is only capable of handling either
600k people daily use
1.2m users every other day use
4.2m people weekly use
13m people monthly use

core doesnt want it to be for microtransactions nor for daily use. they have been very clear on their direction
core doesnt need to hold a gun up to people.. core are the gun controllers. they just prevent releasing guns for people to use against cores plans

core are not even giving users a choice no more.
they can slide in upgrades without the need for users to opt-in to activate it
they can mandate a ban on anyone that opposes a controversial upgrade
they simply just dont release code that opposes their own view
they dont accept nodes that oppose their view

core are literally telling people they are a central point. a CORE of the network. THE reference.
thy have mis-used and nearly abolished the consensus of fair open decentralised rule decision changes by avoiding the byzantine generals problem by not allowing anyone else to be a general and treating other dev teams that want to be equal power decentralised generals as the enemy
bitcoin is just soldiers following one generals orders now. and all opposition to the single general is deported to other networks



bitcoin just like fiat is not too big to fail, but my mind is to not even get it to that point of failure that i see core taking it with their remarks that bitcoin is just an experiment, a beta test, and how they feel that blockchains cant cope.
i am trying to remind people that bitcoin should go back to a more diverse node set and to give users the true consensus ability and to not be just sheep to core who want to take bitcoin down the wrong direction

other crap coins have gained popularity due to cores narrow minded process. and if core keeps strangling bitcoin. developer talent, and then merchants and then users will shift away from bitcoin and start to use other networks.. and slowly drop bitcoin

so if bitcoin is to head on a path to $10m/btc then something needs to be done to re-decentralise, re byzantine general diversity the network and scale bitcoin ONCHAIN to keep it desirable, innovative, functional and in demand

**********WRONG**********

Bitcoin was designed to work as a blackhole. It is about to "swallow" the whole financial system as we know it. Bankers, central bankers , fudsters like khaos 77, Jamie Dimon, Donald trump, petter Schiff and Xi jing pin will have to use Bitcoin after all fiat become worthless. 44,000 bitcoins were moved on sunday for only 0.33 cents fee.

While you guys are debating, I sent a transaction to myself for only 2 cents, and the value of the whole transaction was only a couple hundred dollars.

It's usable for now, but it was never designed for the typical coffee transaction.

I wish they could read it like that but meh. We're like crazies from them in the end and they think that being regulated or covered by the government is equivalent to sure protection and safety of their money.
They aren't aware that it is pretty much exploitable by hackers and it isn't gonna be that much impossible work for them.
Pretty much there would be rain of regrets after the train ran to that price mark, OP.

That's true, I am wondering what would be the level of desperation from banks left in the system, governments and fudsters once Bitcoin reach 10 millions per coin. People will just don't use the current system anymore and only use Bitcoin.

"IF".

Bitcoin will not hard fork to change the rules, risk a chain-split, risk dividing the community again, simply because of some people's assumptions.

Pardon me if i am not making sense, last bullrun bitcoin faced a issue and that is transaction costs, which surge up as well but if bitcoin did manage to hit 10m per coin how much will cost to send that? The problem of bitcoin is its transaction fee honestly

Miners don't need it? What do you want miners to do, altruistic mining?


Keeping blocks small was because of other technical reasons, node-centralization is one of them.


Wrong. The need to only increase it IF the network needs it. It doesn't today.


"They" want? How do "they" do it? Point a gun to out heads?


When?

Of course Bitcoin will grow, but that amount you have mentioned I think it's too much, ten million dollars in ten years? Price will grow but your estimate is too high and I don't really think it will reach that in a space of ten years.
I know for sure that the government will always try to have control on bitcoin, and will fight against it if things are not in their favor. There will definitely be a disagreement among them, because someone them will be in support of Bitcoin while others are not.

Predictions I have seen is that Bitcoin will reach $500,000 to $1,000,000 in the next ten years and not up to the rate you have mentioned. I know for sure that one day the price of Bitcoin will go that high but the time is not now. That is why we should make sure of holding Bitcoin in our wallet as much as we can afford to risk, because a time will come when it will replace gold.