Topic: BTC > 1M ? (Read 712 times)

all those who have invested so far certainly hope that they will indeed be able to achieve that, because with very high achievements it will attract all coins will also be able to reach the maximum price as well, so that it will continue to attract more and more enthusiastic investors.
The last ATH is at a price of $ 68K, if to achieve what you are asking of course we also have to take into account how many times it is needed and how many times ATH will occur to be able to achieve it.

but if your question is whether it is possible, I believe it will be able to happen but seeing the calculations above it is still too long to achieve that.
it is better for us to focus on achieving ATH which will probably occur in 2025 and it is not impossible to reach more than $ 100K.

Yes, we do have small units on which it would really be that understandable that price would really be not an issue since it would really be still able to make out or adjust basing up on decimals and we know that

we could still make out transactions with few satoshis if ever the price would really be hitting up a million per coin but just like the rest been saying that it would be somewhat that non realistic on this kind of approach
when it comes to this price knowing that the movement isnt really that something that could really be that too easy to break out those tough resistances on which reaching out high peak price even on $100k
would already be a challenge.

But well, we dont know on what the future holds on which it would really be just that normal that those things could neither happen or not and it would be all according to demand and recognition of the community.

To clear the point about it being overpriced if it reaches $1m and people make large transactions person to person, I assume you know that Bitcoin has 8 decimal points, so it is not important for you to send the same amount of Bitcoin when the price of Bitcoin is $1m each that you send right now when the price if $30k, so if you send 0.03 Bitcoin right now, it might be worth the same if you send 0.0003 Bitcoin when one coin is worth a million dollars.

So that is absolutely not a problem, people will still be able to make transactions normally as they do now, the only difference will be in the size of Bitcoins being sent or received as the value will be dependent on that and it keeps changing over time, supply doesn't need to be very low for that at all.

We just have to imagine expecting bitcoin to be 1 million if you count it today, because in fact we are very far away from that, talking about speculation, yes there is definitely a possibility for bitcoin to reach it, I don't know how many more halvings we have to go through to reach it, you mentioned 5-7 more moment halvings to achieve it, that's a good number choice, if it's 7x4, yes, in about 28 years, to be precise, maybe 2051 if you add the current year, we don't know what journey bitcoin will face reaching the year that, but it's your right to speculate that you have enough confidence that bitcoin in the future can reach 1 million every pieces.

I don't have a formula for predicting that number, I just hope that in the current bitcoin cycle bitcoin can reach a new ATH again, at least $100k more can be considered logical for us to achieve in the bitcoin cycle, I don't think about bitcoin being 1 million, because for me it will be tiring, 28 years I have to wait.

there will always be that possibility, because seeing all this time that btc has made it tends to continue to increase after each halving era that occurs once every 4 years. always after that there will be a renewable ATH and it will occur several times more than the previous ATH, that movement has proven so far. The last ATH that was created was at $68K and if it were to reach $1M, it would obviously take quite a while and it's unlikely it would happen quickly.
I think and according to my analysis, it is estimated that it will happen in 5-7 times the halving period, or it could be faster or slower.

You cant really stop people on having these speculative approach towards the price on which it would really be something that would likely to happen because they are really that having that optimistic approach when it comes to price since we've seen on how it did able to grow in a decade time on which making out some assumptions and presumptions on how things might really be ending up basing on the movements that
it made in the past but speaking about $1M then this would be an another story.

This could possibly happen but not would really be just talking about few years and this is why its better not to be bothered with these numbers because if you do keep on waiting for this point
for it to reach that price point then it would really be just creating that kind of feeling on getting that annoyed or really that being impatient on which it would might result
on making bad actions which it isnt really just that right on doing so.

It is better to focus on what it is right in front of us that in something that seems to be so far away, the only way for bitcoin to reach a price higher than one million dollars is if there was a huge amount of inflation during the next years which made the price of everything to skyrocket, and while this scenario is possible I do not think it will happen soon, so it is better to concentrate ourselves on a goal that bitcoin can actually reach, and 100k seems like the perfect level in which we must concentrate on.

In short, everything is just a prediction, and depending on each person's vision of bitcoin, no one will be right or wrong because it has not happened, so it is difficult to say. I don't care if bitcoin hits $1 million or not because that's too far-fetched goal, what I care most about is if bitcoin hits $100k, how much profit will I get from it? So what I am focusing on is accumulating bitcoins every time I have money, and I hope this bear season lasts longer so I have enough time for myself. I'm pretty pragmatic, bitcoin hasn't hit $100k yet, so it's unrealistic to think of $1 million.

Each of us does have that different taking when it comes to Bitcoins potential on which there would really be those people who would really be that optimistic with the price and this is why they would be predicting about a million per coin which we cant really tell whether this one would really happen or not.It did really just turn out that there are people who are really that saying these numbers in a short time frame lets say this upcoming bull run andi into the next one which we know that it isnt something achievable if we do really tend to look on how the price behaves or moves with the recent years on which it is really just that a hell of  wavy ocean
on which the price goes up and down. We do have cycles and we do have trend and seasons on which we know that it could  be only neither be bullish or bearish or simply just depend.
This is why i cant blame out some people would be saying that this price is unrealistic or something that could happen in the future.

Chances are not "slim" in the sense that there is no timing, that's what makes this a bit weird. I mean think about it this way, could it be over a million dollars by 2050? If bitcoin keeps on growing and doesn't collapse and be worth nothing, then as long as it continues then 1 million is nothing by that time, it could be multiple million dollars. Would it be a million this year? Of course not, next year? Nope, year after that? No chance.

However, could it be 30 years from now? Obviously it could be and the chances are not slim on that one. This is why I believe that we shouldn't really be doing anything that is crazy and unexpected, we should be expecting this to happen and it wouldn't be such a shock to anyone, it would be normal.

People never understand how the market runs or what is the principle followed in the the price movement. They just come to know about the price of bitcoin to be high and this to grow to the highest in coming days. They just understand it in the different way. People should know what is behind and what all the possible chances of 1million and the go further.

This kind of behavior is difficult to prevent - there could be a motive behind the plan. If you don't like it - just ignore the topic and contribute to another, more qualified topic. Again - if it's not an important topic then leave it.

The OP may have a point and a plan - but I don't want to guess what might not be true about him. $1M is hard to come by - but maybe will be in the future if the demand for the coin gets higher over time.

it is very difficult to understand people's behavior, he arrives at a forum, creates an account on the forum and makes a very short post in which he asks if bitcoin will reach 1 million dollars, after asking the question he disappears, I keep asking myself which one it was the purpose of having created an account here on the forum and then having asked this question and it disappeared, I don't know if I keep reading these comments or not, I don't know if there is another account that I created afterwards and with that I can read and respond to the comments that are posted in this thread, but one thing is clear to me: this is not a good attitude, it looks like the person just wanted to come and make a nasty joke with the members

if OP you are reading people's posts, I advise you to go back and answer people, because they are answering your question and you need to be someone polite and show that you are already clear, you can simply see that the distance of the current price with the 1 million is something abysmal, therefore it is meaningless to think about things like 1 million, this is something impossible at this moment and I very much doubt that in the next 5 years such a price will be seen, in my opinion it is something that will not be seen, better than you forget this price

In 2017 ago, I think many people find it difficult to believe that bitcoin can hit $69 thousand as ATH in 2021. But once they see the reality, then of course they will tend to believe in the speculation $100k as new ATH. The halving should generate a lot of demand, so we can only hope to find new ATH after the 2024 halving.

Of course it's always hard to say for sure, but it's likely that the pattern will remain the same as in previous years. We are just being prepared with the consequences as a risk regardless of whether it is profitable or vice versa.

it is possible that it may get to that price in the future. Since you didn't specify a timeframe for when bitcoin will hit $1 million
However, no one is certain of the exact date. The time it takes for Bitcoin to reach $1million may be less than or above 10 to 15 years(speculation). One thing is for certain, it will eventually reach $1million. Only those who hodl onto their bitcoin until then will be able to tell the lovely tale of how they got bitcoin at a low price of $30k or less and hodl onto it until it reached $1 million when others are selling at different ATH of bitcoin before it skyrockets to $1million

One million for 1 BTC? The chances of that happening are slim, but that doesn't mean it can't happen. Right, we all had doubts about bitcoin hitting $100k until it hit $69k then that doubt was gone. So it's no surprise that many people don't believe that bitcoin can hit $1 million. Honestly, even I never thought about this until I came across this thread. But I think we don't need to think about those distant things, we should focus on the nearer goals, and that is $100k. When the goal of $ 100k is completed, we can think of bigger things.

very likely, but not at this time and not in the near future.
there used to be experts who said bitcoin price would reach $100k but few people believed that, and now $100k looks very likely. maybe something like this will happen again.

$1 million will still be a dream for all of us, Bitcoin reaching $100k is already very grateful for reaching a new all time high,
2024 Bitcoin will be halving and we all know that the history of halving will make bitcoin bullish, so we can focus first on $100k to $300k maybe,
once that's achieved let's make Hype to $1 million in the next 4 years, 2029-2030.

That's a really high price, and it's hard to come by. But anything can happen with bitcoin, when bitcoin is below $1, no one believes it can hit $10, then $100, and the highest ATH bitcoin has ever reached is $69k. So Bitcoin hits $1 million, why can't that happen? It sounds unbelievable, but it can still occur.
If we compare the current assets, bitcoin is considered the most scarce asset if you compare the total supply of 21 million bitcoins with more than 8 billion people worldwide. So there will still be a chance for bitcoin to hit 1 million if its demand spikes.

The impact that will occur if the price of $ 1 million will of course be large, our hope is that we can see the price of $ 1 million soon, if this happens it will make many countries immediately legalize bitcoin, I'm sure if $ 1 million is reached then transactions between countries will use bitcoin.