Topic: BTC > 1M ? - page 3. (Read 712 times)

This is a possible scenario and most likely the reason it has not happened is that we do not have a clear candidate to replace the dollar, if we had it it is possible the dollar had already lost its dominance, however this also demonstrates the weakness of the world economy, and this means that if another event similar to the pandemic or the war at Ukraine strike us, then it is possible this will put the dollar in an even more precarious situation and bring greater instability to the world during the next years.

I did not say that in two decades the dollar will not be usable, I said the dollar will not be dominant, there is a big difference.

The dollar will continue to exist, just like any fiat, but it will not be the dominant currency in the world economy, meaning that the global economy will be disengaged from the dollar in favor of another currency, perhaps the euro, the yuan, the BRICS currency, or bitcoin, no one knows.

Of course, these remain just speculations and wishes and do not necessarily materialize on the ground. I wish bitcoin would be the global currency to replace the dollar.

The answer is maybe, in this case it might exceed 1 million or it might never happen at all. Who can guess what will happen in the future, everything is still just a prediction based on analysis. Actors involved in crypto assets very often use technical analysis in analyzing the crypto asset market, technical analysis uses the philosophy that market trends will repeat themselves, even though you can predict price increases and decreases in the near future, you cannot know the average value for each period 24 hours.
You have to learn a lot to know price trends, from knowing most of the analytical techniques to reading candlesticks so you can determine the right time to fill your wallet with Bitcoins.

So, you mean by 2043 the dollar won't be usable this year after 2 decades? How did you say this, I'm just asking? Is there a figure or hold that can be relied upon that what you are saying is true?

Although for me that's okay when it happens, but most of them will disagree with what you mentioned, because what we're talking about is now, so whatever we say will happen in the future, it will remain just a speculation . So it's up for debate until it happens, right?

It was just a very normal rebound in Bitcoin although it's still a good thing considering there are a lot of issues that are affecting the price increase in Bitcoin. You're just optimistic that Bitcoin will continue to improve over time and I think that's a good thing because I'm actually also still quite optimistic that Bitcoin will improve in price through improvements, but for now it's still looking pretty tough to happen even though everyone has seen a rebound price from $25k to $26k.

It's possible, but for now it's unlikely. Look how hard it is for Bitcoin to break low resistance levels like 30,000$, 40,000$ and 50,000$, or reaching its last ATH of 69,000$ again.

Bitcoin has never reached 10% of the goal proposed on this thread, that would be 100,000$, now imagine how hard it is to hit the 1$ million mark. Imagine how much marketcap has to increase.

That means massive flow of money coming into BTC. And as we know money is heavily concentrated on few hands in the world. Usually, these people are the ones who don't like Bitcoin very much and partner with governments for advantages, so I don't see them becoming supporters of a decentralized cryptocurrency.

Without their money, I guess it's not possible for BTC to reach such price zone...

Halving cycles could really be indeed make such impact considering that block rewards is getting lesser and lesser on the years been passing or on each halving event and if the demand
would really that continue to bloat up then for sure it would really be that understandable that its value would increase up even more which it is really that a common sense. Next 10 years for
$500k? that it is really that still that close to impossible on which come to mind that we do even take several years to see up a recovery into its price after such correction from ATH to below 15k price bottom that we had experienced for this cycle, which we could totally say that it isnt really that something that would be easy or even lets say that this price point is something
that we cant really see on our lifetime.

If the bitcoin price were 20x what it is now, then it would have been over $500k. Of course I think it is possible, but it will take a long time to see it become a reality. After all bitcoin has risen thousands of times over its initial years, so something big can still be expected including $1M for the price. I think the next 10 years is a reasonable time frame to expect $1M in bitcoin price, but only if bitcoin can get more expensive after the 2028 halving.

I still hope it happens, but I don't think it will happen in the next 10 years. If bitcoin hits $1 million, that means its capitalization will be twice as high as gold and hit $20 trillion, that's a huge number, and I doubt it can happen in time short. Maybe bitcoin won't hit $1 million, but it could be worth 10 or 20 times the current price is easy. Therefore, I sincerely advise those who have not bought bitcoin because they think bitcoin is too expensive to take advantage of this time to accumulate, do not let the regrets of 10 years ago repeat in the next 10 years.

A decade or so of doing HOLD will be much better looking at bitcoin's value then, just need to be patient with a long time so just stick with it.

For me $26,500 right now is still too low and only an opportunity to be taken if it's been over a decade then there will be quite a big change in bitcoin maybe the next 10 year low won't be this low in fact it will be much higher than the ATH which achieved over the next 10 years.

Well I believe the time to buy is now, it must be done.

It’ll happen, I’m sure of it. You are looking at 10 years or more from now though.

$26,500 will look really cheap in 10 years though so do everything you can to buy as much bitcoin as you can right now. The best time to buy bitcoin was in the first 5 or so years, the next best time is NOW. What you gonna do, anon?

yes, I don't claim it but I'm optimistic about it, look at this time good news one by one appears and that's good,
moreover the price of Bitcoin also rebounded from $ 25k to $ 26k, even though it went up $ 1000 I think that's a good start.

The Blackrock-related news may have helped bitcoin avoid a larger drop, but to say that it will help bitcoin continue its rally into June, I seriously doubt its ability.

What evidence do you have to confirm or prove what you say? As we all know, predicting the future is impossible and especially for a volatile asset like bitcoin.

If those are all your hopes and expectations, be optimistic and believe in your goals. But don't claim anything if you don't have proof or are talking about the future.

Indeed, from this incident we can judge that good news is still very influential in the market,
which means it is good that the market is still in good condition, bad news causes dumps and good news causes pumps,
but if we are in a bearish season, good news has no effect on market, well let's hope this is a good sign.

I agree that it was a marvelous period at the time and it wasn't that easy but that doesn't mean that we are going to end up with a good result again like that, we shouldn't really be worried about it. I mean as long as it goes up that is enough for us, and 1 million would be very possible on the long run.

I think the best thing to do at this moment is that we shouldn't really be worried about any of this, it doesn't matter when or if it will be a million dollars because we are at a point where as long as it's higher that would be great. That means 100k would be still x4 higher than this, it's 10% of what 1 million dollars is and I think it would still be amazing. That doesn't mean that we did badly, it still means we did great, so look for the smaller wins.

This good news is really surprising and it's true that June will be bullish especially,
I'm sure Q3 Bitcoin will go to $ 50k first before another correction,
and 2024 will probably be to $ 65k after that 2025 Bitcoin will be more than $ 150k, hopefully it will happen.

For BTC, it's only possible for it to go up but for the shitcoins, there is no way they can rise more but it's only possible for them to dump harder. BTC is getting scarce every four years, thanks to halving but I think even if there is no halving, it can still be able to rise because of the adoption. For BTC to be able to hit 1 million, we need more halving and adoption.

It will take a long time but our wait is going to be worth it for sure because man, we are talking about a million dollar here. Imagine if you have a one whole Bitcoin when you sell it at that time, you don't have to worry about your future anymore. It will now be optional if you will re-invest in Bitcoin again.

Now that the big guys like Blackrock are moving into the space, a massive jump in price seems almost inevitable. If their ETF gets approved it will be a situation of the higher Bitcoin’s price goes the more money they’ll be able to take in on fees, which will act as a feedback loop as they accumulate everything they can buy using their own investor’s money.

Well, I know that after a decade a million won't have the current purchasing power, but it will still be a million and even with half of its current purchasing power, it will still be very profitable as compare to it's todays price range. We all know that inflation is increasing to very high levels each year and that's a pure sign of failure of fiat to persist its current value, but Bitcoin is totally different from the fiat currencies. The Bitcoin is a deflationary product and it will continue to increase in value in future. The deflationary nature of Bitcoin makes it unique as compare to traditional assets and fiat based currencies.

The Bitcoin has shown huge growth in previous decade and many people expect that it will show similar growth in the coming decades as well. But, I must say that the coming growth of Bitcoin won't be as high as it's initial decade's growth because at that time Bitcoin was not well known and it first got the attention of the investors, and there weren't so many investors in initial years of the currency. But now, the currency is widely known and many investors are holding huge shares of Bitcoin and are thinking that it will grow huge in future. The new investors are also interested in Bitcoin and there are some investors who are accumulating Bitcoin when market dips.

The position from which Bitcoin rose to its all-time high seemed unbelievable to many. But that place of unbelief eventually turns into trustworthy. Today 1 million is hard to predict from the current price of bitcoin but those who believe in bitcoin will not deny the possibility of bitcoin price 1 million and more in the future. Bitcoin's halving is more likely to happen every 4 years later so in the next halving Bitcoin price could exceed 100k by 2024 or 2025. I expect Bitcoin price to reach 1 million by 2030.