Bitcoin to $10 million? - page 4. | Bitcointalksearch.org

cryptjh

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Quote from: AXELNetwork on January 25, 2019, 10:43:57 AM

These guys say that if there's another global economic crisis like there was in 2008 that the price of Bitcoin can go through the roof:

https://www.youtube.com/watch?v=nShdlDc2B6M

The bitcoin legend Hal Finney, said when Bitcoin was just a week old that Bitcoin cut go to $10 million one day. But to get there Bitcoin needed to become successful and be the dominant payment system in the world.
We are very far away from that scenario, but we cut end there one day.

You can see Hal Finney predictions here.

Sun, 11 Jan 2009
https://www.mail-archive.com/[email protected]/msg10152.html

chaoscoinz

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Quote from: AXELNetwork on January 25, 2019, 10:43:57 AM

These guys say that if there's another global economic crisis like there was in 2008 that the price of Bitcoin can go through the roof:

https://www.youtube.com/watch?v=nShdlDc2B6M

In today's market, with the current dismal state of financial affairs, like the U.S government shutdown, the sky is the limit for crypto currency. At the same time, don't be fooled by any speculation you may see or hear, as Edgar Allan Poe said it best, "Believe half of what you see and nothing of what you hear". Just take a look at the current bear market, it must be down for some reason, no?
The only reason why Bitcoin went as high as it did, was because the influx of money pouring into the market, plus major manipulation from the whalers. The bubble burst because it was artificially inflated, not being a true reflection of what it actually represented. Many jumped on the hype train, thinking it would moon, and ended up losing a lot.

jointherevolution

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EndChain - Complete Logistical Solution

No, ten millions is a ridiculous amount for one bitcoin. I cannot see how we could reach this number or the one million someone has made prediction of. Lets think that people like to sell their bitcoins when prices rise. They do not hodl forever.

cizatext

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It pointless to say bitcoin will rise to 10 millions now and reason being world economy meltdown the Truth of the matter is that if their is any economic crisis the people will be more scared of bitcoin due to it volatility and at that may decide to choose a more stable commodity such as gold instead of bitcoin.

BestSSS

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Quote from: AXELNetwork on January 25, 2019, 10:43:57 AM

These guys say that if there's another global economic crisis like there was in 2008 that the price of Bitcoin can go through the roof:

https://www.youtube.com/watch?v=nShdlDc2B6M

Each such analyst puts forward his version of the price of bitcoin, and everyone looks at him with open mouths and wonder!
This is complete nonsense, why did you take that in the falling stock market, the troubles will pour into the crypto-currency market?? Do you seriously think that losing money on shares investors will begin to shift them to a more volatile cryptocurrency market? It's a fantasy and nothing more.

On the contrary, I am sure that if the us stock exchanges go down then bitcoin is also waiting for an even deeper decline because everyone will start to go to Fiat and wait out the storm!

coolcoinz

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Quote from: mk4 on January 25, 2019, 11:19:03 AM

This topic has always fascinated me. Based on my 30-minute research and reading a few months ago, basically the opinions on this matter is mostly these two. That if a global economic crisis would occur, people would:

1. People would flow into bitcoin, as a hedge to their local fiat money dropping in value.
2. People would definitely wouldn't touch bitcoin, as it would be pointless to move their funds to a more volatile asset that could potentially crash down more.

I'm personally leaning slightly a bit more on the first one though. Simply because Venezuela(a country that faced hyperinflation), pretty much adopted bitcoin and cryptocurrencies. Now, would the world do the same as the Venezuelans did if ever a global economic crisis occurs? I don't know.

That was an exception because there were many factors at play there. Cheap electricity made people aware of mining as an option to make money and they were happy to learn. There were many information technology enthusiasts, so we can say the technology fell on good soil there. Also, Maduro managed to promote cryptocurrencies by pushing his own shitcoin and at the same time by going after Bitcoin miners. It woke up that rebel spirit in the people and make them realize that other cryptos might actually be better than Petro. The real king doesn't have to remind people that he's the ruler.

I think a crisis would at first decrease the value of everything because people would be running away from all markets. Bitcoin is still pegged to the dollar and other fiat currencies because there's not many things you can buy directly. When you are using an exchange you are first moving value to fiat and to the bank, but keeping money in the bank is the last thing you want to be doing at that situation.

arakosta

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If Bitcoin reaches $10 mil ,that would mean a market cap $175 trillion dollars. To put that in perspective, all the physical money in the world including any money held in easily accessible accounts, is about $90.4 trillion. So you can see how ridiculous that is when you look at the numbers.
If you believe that Bitcoin will ever reach that price, then you must be the most optimistic person in the world, or just naive.

seoincorporation

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If bitcoin goes to $10M then satoshi's fortune would be:

Code:

1000000*10000000

$10,000,000,000,000 Dollars, that's $10 Trillion Dollars (If I'm not wrong). And he would be in top 1 of the richest people in the world by far and he could pay hald of the USA debt with that. Grin

bitmover

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bitcoindata.science

Quote from: mk4 on January 25, 2019, 11:19:03 AM

This topic has always fascinated me. Based on my 30-minute research and reading a few months ago, basically the opinions on this matter is mostly these two. That if a global economic crisis would occur, people would:

1. People would flow into bitcoin, as a hedge to their local fiat money dropping in value.
2. People would definitely wouldn't touch bitcoin, as it would be pointless to move their funds to a more volatile asset that could potentially crash down more.

I'm personally leaning slightly a bit more on the first one though.

This always fascinated me as well.
Crisis are always coming , as there are always economic cycles. Bitcoin was created just after the last one.

The next economic crisis will be bitcoin's first. It will probably react in a positive way, as it was created as an alternative to that cycles .

Ofc not 10million, but we can dream of 20k again in a more susteinable situation.

terrorJR

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Bitcoin will reach $ 10m ?? what year will it happen? maybe the next 10 years will happen according to predictions that I've read in some news that bitcoin will return to the price of $ 10k in 2022 I also don't know that it will happen and it might happen.

Kelvinikke

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In as much as i would really love to see a price like that i think it is too exaggerative. Bitcoin price would definitely hit a new time high but as for reaching $10 Million i doubt but to be honest if it really gets to that price that would be awesome.

mk4

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Paldo.io 🤖

This topic has always fascinated me. Based on my 30-minute research and reading a few months ago, basically the opinions on this matter is mostly these two. That if a global economic crisis would occur, people would:

1. People would flow into bitcoin, as a hedge to their local fiat money dropping in value.
2. People would definitely wouldn't touch bitcoin, as it would be pointless to move their funds to a more volatile asset that could potentially crash down more.

I'm personally leaning slightly a bit more on the first one though. Simply because Venezuela(a country that faced hyperinflation), pretty much adopted bitcoin and cryptocurrencies. Now, would the world do the same as the Venezuelans did if ever a global economic crisis occurs? I don't know.

The people with the 2nd opinion are leaning more on that people would move their funds into precious metals like gold(obviously). While this is definitely a possibility as gold is actually decently stable in price, I really don't think gold is THAT accessible to everyone, as we're talking about a global economic crisis here.

No comment on the $10 million bitcoin price though. There are just too many factors to take into account to be able to have a rough price estimate.

AXELNetwork

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These guys say that if there's another global economic crisis like there was in 2008 that the price of Bitcoin can go through the roof:

https://www.youtube.com/watch?v=nShdlDc2B6M

Topic: Bitcoin to $10 million? - page 4. (Read 563 times)