Topic: BItcoin: The path to $10,000,000 ten million dollars per coin - page 11. (Read 3137 times)

I think to reach $1 million there could be truly extraordinary growth in demand, probably caused by a worldwide lack of faith in fiat or some other major event. but even in the absence of much growth, if Bitcoin remains the premier cryptocurrency, then I'd expect the value to continuously rise in real terms because BTC is highly deflationary. so I wouldn't be surprised to see $19,000 again within a year or two, but I'm not sure about growth to $1 million in the next couple of decades at least. the fact is that most people are fine with using things like credit cards, bank auto payments, bank-linked payment apps, etc.

devs are already doing the fake cries of
the need to raise onchain fee's under the pretense that miners need it
the need to keep baseblock low to keep the fee competition
the need to only increase if LN needs require it

meaning they want to bloat blocks with LN contracts and only scale onchain when LN starts running into issues with broadcasts


just remember if it costs $20 to use bitcoin. but other non blockchains and other blockchains can do it for $0.10 or $0.000001 people wont consider it beneficial to spend $20, unless that $20 represents many months of many transactions aggrgated (for anything apart from LN r-org contracts)

devs also want LN to not be a daily close/open. but a monthly-6monthly close-reopen contract broadcast
meaning instead of putting pocket change in for planning just a week of coffee convenience they want people to put in a months salary/half a years salary to cover any possible payment needs and also have reserves for others to use for their routes going through

as for the crapcoins. yea there are thousands of crap coins people have and can create for free and have no purpose.
but if people are finding it costing $20 to re-org a LN contract (onchain broadcast) of can do the same for 10cents on litcoin.
people will start to give litecoin the usefulness factor and people would rather have 150ltc rather than 1btc, which after all would end up being ~ same $$$$$
and knowing they are not spending $20 per LN funds re-org

do you think merchants would like to receive btc. to know it would cost them $20 later to 'cash out' of LN.. or would they flip to something like ltc knowing it would later cost them $0.10 to 'cash out' of LN
..
i would go into more details of LN's limitations both in tech, in ecomonics and in usefulness.. but ill save that for another post
but the summary is bitcoins blockchain should remain useful for normal transaction utility. and not just become a institutional vault that only exchanges and businesses handle

10 million dollars is not a small amount of money. I can't imagine how and what would happen if Bitcoin was valued at 10 million dollars. We can be optimistic. but we also have to be realistic. Do not make your optimism as speculation in the future, you must think rationally according to measure.

Please screenshot or save all of this stupidity for later. We will post.these comments in a few months. These animals will have to come back to the forum with a different name

I seriously admire your optimism.. $10,000,000 per bitcoin? I am usually an optimist but my imagination doesn't stretch that far, a hundred thousand dollars is somehow believable but I doubt it would ever get to a stage where a single bitcoin would be worth that much especially considering the fact that different countries would be launching their own Cryptocurrencies in the nearest future.

Yeah, first he'd have to get on Binance, Polo, Bittrex, Kraken, Coinbase (or some other exchange with volume); then get on CoinMarketCap ... You don't get on either of them without enough eyes looking at your altcoin.

Then for mobile users, they'd also have to see you on BlockFolio and a few other apps.

If you actually pull that off, then everyone will see the coin, might be a self-replicating / fulfilling prophesy kind of thing.


I almost always make on-chain transactions and pay 1 sat as the fee. Some get confirmed in the next block, some I have to wait a couple of hours.

I have a question for all Bitcoin owners. Why, according to coinmarketcap.com, coingecko.com, the average daily trading volume on the last days is 3 million btc, but blockchain info the average is 1.5 million btc. That’s half as much. So someone is selling fake bitcoins? Until we identify counterfeiters, Bitcoin will not rise. I am sure that none of the members of the crypto community sells their bitcoins at such a low price, because the future belongs to the cryptocurrency - even a child knows it. Unlike the dollar, no one will print bitcoin.

I agree.


Surely it's more complicated than that, but I can see your point.


Does it matter "how" Bitcoin's on-chain utility is used? The Lightning Network still requires on-chain transactions.


Maybe. But I personally would never trade my Bitcoins for shitcoins just for "transacting".




Who said you can't make on-chain transactions with Bitcoin anymore?

I remember reading a thread a few days ago about how someone was advertising to act as an escrow for a 50 BTC fee, this was back in 2010 when the value of BTC was close to nothing, but today the story is much different because Bitcoin hit a peak of $20,000 although it has lost over 65% of that value, I believe that it would rise and beat it's ATH although I doubt it would be as dramatic as $1,000,000 per bitcoin, that is unrealistic in my opinion.

Absolutely agree with you but I am worried about those things which could stop the growth of Bitcoin like negativity, false statements by those people who called themselves cryptocurrency experts or crypto analyst and the involvement of some powerful governments which are attempting to target Bitcoin indirectly with the help of blockchain technology anyway we have strong understanding about Bitcoin and I am definitely sure nothing could stop the popularity, growth and the value of Bitcoin.

10 million is a big number , let us expect a realistic one : 100 000 USA dollars in 5 years.

Props for your efforts of making an update . By the way, I have a question. Do you mind if I bump this post when that time comes for you to see that you've done a terrible forecasting? Well, I'm not 100% sure either that bitcoin's price is impossible to hit that point by exactly mid december but sorry I really don't feel signs of it at all. You make me feel ecstatic to be honest, I'm now excited to know which one of us who  will hardly swallow what he said hahaha. Let's play your little game .

People will end up selling bitcoin when they figure out the price is collapsing, and that they will loose all their money 🤣🤣🤣🤣

People have bitcoin because they think the price is going to the moon, and they want to get rich.  Once they figure out that is not going to happen, you will see selling of Bitcoin beyond anything you ever imagined.

Hard Facts

BIG DIFFERENCE between those events...  Virtually no one knew about the bitcoin mania back then, the whole world knows about Bitcoin now, and its still headed down.  The Bitcoin bubble is popping, and Bitcoin is going down to its intrinsic value of near zero.

All pyramid schemes, manias and bubbles pop.  The only thing that gives Bitcoin value is what some greater fool will pay for it.

Hard Facts

bitcoin retaining ONCHAIN utility, keeps bitcoin useful. thus keeps people interstd, thus keeps it active and sustainable

i can do a one time coin creation of an altcoin that has just 11mill coins and sell one to myself for $20k and instantly make it appear as a coin with better market cap, more scarcity and better price than bitcoin.. but that alone does not mean its useful, interesting, active or sustainable

if bitcoin just becomes a repository(vault lock) for using non blockchain networks like LN
the bitcoin loses its main purpose and people just start to prefer other coins like litecoin, vert coin and such

making bitcoin expensive onchain to transact is one thing that will sway people away
eg if litecoin is 1cent to transact but bitcoin is $1 to transact. people would prefer to pay 1cent

making bitcoin utilised just once every 6 months to negociate offchain network custodian holdings wiil sway people away
eg people start talking about 'millisat' holdings not bitcoin holdings

making bitcoin have a x block wait time between offchain renegotiations(close/reopens) will sway people away
eg if a 'punishment' delay for transaction broadcast becomes 8-12 hours to avoid 'while you sleep' attacks. people dont want to be 8-12 hours locked out from spending funds

making people only need to check the blockchain 2 times a year will sway people away
eg. why be a full nod if you know the locktime is 6 months and nothing can be moved in that time. thus no ned to monitor

if people are not using the blockchain daily they wont be full nodes daily. thus defeating the whole purpose
the node distribution shifts away from individual to become 'factory/watchtower' server majority

people would just find other coins that also use LN for the quick tx's and then have unlocked coins for the other stuff, to get cheaper fee's, less wait times, easier to negotiate channels weekly and still be active on the network will make the other coins more popular

people would just end up selling bitcoin and buying other coins and just forget about bitcoin if bitcoins onchain scaling is not handled

You would have said the same when it fell from 30 to 2 dollars. It hit $20,000 a couple of years later

10 years to get to $10,000,000?, I doubt it, we are even struggling now to reach again at the $10k mark now how much more $10,000,000. I know bitcoin can reach that but I guess that would be after many years I guess or if incase all bitcoins are already mined then the price will spike up but with todays situation it is still very impossible to reach that price.

I can't believe bitcoin will hit the $ 10 million mark for every Bitcoin. If that happens, the dollar must have terrible inflation. Look at the fact that Bitcoin does not bring much technology achievements and only 1mb of capacity for 1bitcoin. So Bitcoin has no application value beyond payment. Currently, I only want Bitcoin to surpass $ 20,000 in the next 3 years.

https://cointelegraph.com/news/crypto-is-unstoppable-bitcoin-will-hit-100k-says-cardano-founder