BTC > 1M ? - page 4. | Bitcointalksearch.org

Sebas.tian

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Quote from: CryptoOx

Bitcoin to 1 Million is it really possible?

Based on the current price in the market, it will be possible but it will take a long time before such price will come through for those that will be alive to hold till then to celebrate massive income in the community. Don't forget that Bitcoin is unpredictable which anything can happen that will make the price of Bitcoin to go higher or decrease down in a way investors will lose hope at the moment before the price will surprise them like the way the price surprised investors by hit $65,000 few years ago. If you have money to invest now, just try and invest it on Bitcoin because there are some sign in the market that show that the price will pump massively in the future to help people to recover from their losses they experienced in the past.

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Quote from: kotajikikox on June 15, 2023, 07:56:26 PM

but what people keeps looking is about the value of bitcoin against dollar and not what it is truly with for the future.

It is not necessary for us to search for the value of Bitcoin against the dollar. I expect that during the next two decades, the dominance of the dollar will end, perhaps in favor of the BRICS currency, the yuan, the euro, or any other currency, but it does not necessarily have to be the dollar.

Also, the value of bitcoin against the dollar or other fiat is not important. What is important is the purchasing value of bitcoin at that time, because if inflation continues at the rate at which it is going, the purchasing power of the dollar will drop dramatically in the near future.

I hope that at that time Bitcoin becomes the dominant currency linked to the world economy instead of the dollar.

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I am of the opinion, as some previous answers have already pointed out, that the price will reach one million, we don't know exactly when, and I don't think it will be as much as a couple of decades.

Quote from: SamReomo on June 15, 2023, 04:58:23 PM

Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.

I think we will probably see that in a decade or less, but the purchasing power of a million probably doesn't even reach that of half a million today. When we calculate how much the price of bitcoin can rise by comparing it to fiat, mainly to the USD as is often done, we must also take into account the erosion of the purchasing power of that fiat due to inflation and not just look at the round figure.

kotajikikox

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Quote from: STT on June 15, 2023, 04:06:13 PM

For the really big targets look at really big opposing assets in the same space , the same size which is trillions. So Dollar index is quite relevant to large movement because so much value is being described and traded in dollars including Bitcoin.

but what people keeps looking is about the value of bitcoin against dollar and not what it is truly with for the future.
and also those who are very worried about that computation are those people that only wanted an easy money but supporting crypto is less of their priority.\

Quote

We do have a declining value on this 1yr chart for Dollar index but if we want a lighter denominator for the BTC USD price we probably want to see the current price to trade below its prior low. So sub 100 DXY I would be far more optimistic on the grand targets which are possible but remote beyond sight at present. For now we are mostly sideways speculating on the small stuff, just the same prices as seen previous will get repeated until large markets move on the macro economic landscape.

actually people are expecting too much but in the end they are losers , better to try less expectation so at least if it does not come we will not frustrated that more.

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Quote from: gunhell16 on June 15, 2023, 06:37:07 PM

Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

1 Million each Bitcoin? hmm? you know it can happen, but not at this time, instead no one knows when and that's because the market in this industry is unpredictable. But, recently someone predicted that within 3 months Bitcoin will be 1M$ each, and the 3 months since he predicted the 3 months are over. He made this prediction on social media and caused a stir in the crypto world.

All of the crypto community wants that to happen to become 1M$ each Bitcoin, but we must also be realistic, we are only realistic and not just based on imagination the dreams we want. The only good thing to do for now is to enjoy the ride and go with the flow, save some Bitcoin while waiting, and learn everything that we can benefit from it.

We should really be realistic when it comes to price on which there's no way that we could be able to reach up million per coin, come to mind that even reaching out 100k is already a challenge and this isnt something that we could really be able to reach up on a short span of time.Yes, its true that adoption and recognition isnt really that on 100% or on the entire population of the world on which theres a chance but not really something that could really happen in our life time and this is why i do agree on some points above that it would be better for you not to make yourself that too mindful about the price or potential on which
it would really be just adding up on the stress and mind boggling about prices whenever you do keep on assuming with those numbers.
Better to be realistic and stick into something or level which we could potentially be able to hit up on upcoming years or decades to come.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

1 Million each Bitcoin? hmm? you know it can happen, but not at this time, instead no one knows when and that's because the market in this industry is unpredictable. But, recently someone predicted that within 3 months Bitcoin will be 1M$ each, and the 3 months since he predicted the 3 months are over. He made this prediction on social media and caused a stir in the crypto world.

All of the crypto community wants that to happen to become 1M$ each Bitcoin, but we must also be realistic, we are only realistic and not just based on imagination the dreams we want. The only good thing to do for now is to enjoy the ride and go with the flow, save some Bitcoin while waiting, and learn everything that we can benefit from it.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

Yes, Bitcoin to $1 million is possible and it will happen in future, but in current date and time Bitcoin won't be able to reach that range anytime soon. If you really want the Bitcoin to reach that price range then you'll have to wait for 1-2 decades for that to happen.

As you might have heard that Bitcoin has the halving event after 4 years and with that the amount of Bitcoin reduce per block to half and such reduction in the block reward will reduce the number of mined Bitcoin and because of that the value of a BTC gets higher and higher with each halving event.

The current halving event is expected in 2nd quarter of 2024 and with that the bull market will take the price of Bitcoin to more than $100k per BTC, and maybe more than that. However, you should remember that after each bull run we will have to face a bear run. And, with the next bear run the price could again drop to the levels of $60k per Bitcoin. That's why it will take a decade or two for Bitcoin to reach that price tag of $1 million or more per coin.

STT

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For the really big targets look at really big opposing assets in the same space , the same size which is trillions. So Dollar index is quite relevant to large movement because so much value is being described and traded in dollars including Bitcoin.

We do have a declining value on this 1yr chart for Dollar index but if we want a lighter denominator for the BTC USD price we probably want to see the current price to trade below its prior low. So sub 100 DXY I would be far more optimistic on the grand targets which are possible but remote beyond sight at present. For now we are mostly sideways speculating on the small stuff, just the same prices as seen previous will get repeated until large markets move on the macro economic landscape.

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Quote from: Nrcewker on June 15, 2023, 09:27:51 AM

Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

In 2013, people thought it will be only possible in dreams to reach Bitcoins to 1k usd price, but now we have witnessed the history of Bitcoins surpassing 68k usd price. So yes anything is everything is possible. Moreover there are enough evidences present which will prove that Bitcoins have the capabilities to cross 1M usd. Bitcoins are limited in numbers and day by day the demand to accumulate it also increasing, hence the price will go up and it will reach 1M usd. Yes it might take some years, but at some point it will definitely cross.

There might be doubt because of the current price of Bitcoin but I’m also confident that Bitcoin will reach this moment and for sure, that is the time where everyone become more interested with Bitcoin. This is the goal and when the supply becomes limited, the price will become more expensive, halving and adoption will play a bigger role to achieve this level. Maybe in the next 5 years we might see a closer price to this level.

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Quote from: ajiz138 on June 14, 2023, 11:47:36 AM

Quote from: fzkto on June 14, 2023, 07:34:31 AM

I don't know where this reasoning about bitcoin being worth $1M comes from. Somehow it seems impossible to me. So far, people don't have such a huge need for bitcoins. But if it's going to be in demand around the world, then probably 1M isn't fantastic.

It's still very hard to believe bitcoin reached the fantastic price of $1M, I don't know about the predictions that will come with a long time but it's likely that a lot of people will believe at this price because bitcoin availability is limited then that's what might be a higher value bitcoin.

Will the whole world evolve to bitcoin? I think it will be very difficult for a country to maintain their fiat as a medium of exchange and bitcoin may only be an alternative option, but then again I believe in the rapid change of bitcoin.

It hasn't reached it yet, but I bet that it will one day, because that's the natural trajectory it's taking. I mean even if it doesn't reach it quickly and right away, that just means that we are going to end up seeing something a bit different on the long run, it's going to be just a boring situation with a higher inflation and dollar will devalue just as usual and just like gold goes up, bitcoin will go up and that will make it above 1 million dollars anyway.

That's the boring possibility and it still does, but the fun possibility is that it will happen within the next 5-6 years, how? Well we will have a big halving next year, and I believe it will go up after that, then 5 years from today, we have another one, so between the one next year and the one after that, it will go a lot higher and it could end up being over a million.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

In 2013, people thought it will be only possible in dreams to reach Bitcoins to 1k usd price, but now we have witnessed the history of Bitcoins surpassing 68k usd price. So yes anything is everything is possible. Moreover there are enough evidences present which will prove that Bitcoins have the capabilities to cross 1M usd. Bitcoins are limited in numbers and day by day the demand to accumulate it also increasing, hence the price will go up and it will reach 1M usd. Yes it might take some years, but at some point it will definitely cross.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

Like what most says , there is no impossible in bitcoin mate , actually the only thing is when and that is something we need to keep waiting and looking and also the reason why there are still many of us who believes in HODLING .
for how many years now that it has been proven that bitcoin will continue to grow as years grows by and yes , the best thing is wait and wait .
buy other coins for trading but use your bitcoin as Holding coin.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

I think it's very possible, the community continues to increase and according to many reports in many countries there has been a significant increase, bitcoin can rise when there is an economic crisis and inflation in many countries, this proves that bitcoin is a very valuable asset and continues to grow, of course we have to buy it now before the price is $ 1 million .

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I think tomorrow will be the 90 days when that bet was made. It’s crazy because it doesn’t feel like it’s only been 3
Months feels like it’s been a year since the bet was announced.

Basically the banks stopped failing and stock market is hitting yearly highs. Most stocks are hitting their ATH in the tech sector. Basically nobody has recession on their mind. If a recession hits it maybe sometime in 2024 and nobody is worrying about it yet.

However cryptos performance this week was very weak and not a good sign.

JoyMarsha

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The answer will be yes, but the reality is that none of us is aware of the precise moment when it will occur. We are unable to estimate the price of bitcoin in the future because, as it always seems, the cryptocurrency market is unpredictable. Based on the historical price trend of Bitcoin that we have observed, all we can do is speculate.

In my opinion, the next two bull runs(this one and the one that is expected to occur in 2028) could see the price of bitcoin reach $1 million. The reason I assume that is that the price of bitcoin must first reach other ATH, such as $100k, $250k, and $500k-$850k before it reaches a million-dollar price(First, we count to one, then to ten)

ajiz138

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Quote from: fzkto on June 14, 2023, 07:34:31 AM

I don't know where this reasoning about bitcoin being worth $1M comes from. Somehow it seems impossible to me. So far, people don't have such a huge need for bitcoins. But if it's going to be in demand around the world, then probably 1M isn't fantastic.

It's still very hard to believe bitcoin reached the fantastic price of $1M, I don't know about the predictions that will come with a long time but it's likely that a lot of people will believe at this price because bitcoin availability is limited then that's what might be a higher value bitcoin.

Will the whole world evolve to bitcoin? I think it will be very difficult for a country to maintain their fiat as a medium of exchange and bitcoin may only be an alternative option, but then again I believe in the rapid change of bitcoin.

Unbunplease

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Quote from: btc_angela on June 14, 2023, 05:01:07 AM

As the saying goes here, "everything is possible', and with every 4 years bitcoin is becoming scarce, then maybe in the future we are going to see 1 BTC = $ 1 Million. For now though it looks like not doable, but maybe when we reach a point that almost all bitcoin has been mined, maybe in the next 3-4 block halving, the price is going to shoot up.

And with that, it's better for us to really stack sats, it's going to be a race for everyone to get at least 1 BTC in their wallet. And for those who have achieved it, then they are lucky because right now it's going to be very difficult unless you have the money to begin with. But for the majority of us, average joe investors, it might take some time.

The main question is whether bitcoin will be interesting for speculation when it will be worth, for example, 100,000 (I'm not talking about a million) . How long would one have to wait to get 2x? I think a lot can be said for a million, but who will need bitcoin at 100,000 in reality is another question. Will there be buyers?

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Quote from: btc_angela on June 14, 2023, 05:01:07 AM

As the saying goes here, "everything is possible', and with every 4 years bitcoin is becoming scarce, then maybe in the future we are going to see 1 BTC = $ 1 Million. For now though it looks like not doable, but maybe when we reach a point that almost all bitcoin has been mined, maybe in the next 3-4 block halving, the price is going to shoot up.

And with that, it's better for us to really stack sats, it's going to be a race for everyone to get at least 1 BTC in their wallet. And for those who have achieved it, then they are lucky because right now it's going to be very difficult unless you have the money to begin with. But for the majority of us, average joe investors, it might take some time.

Yes, bitcoin has a limited supply, but don't forget that every bitcoin has satoshi in it. So I wouldn't worry about bitcoin not being enough for someone. I don't know where this reasoning about bitcoin being worth $1M comes from. Somehow it seems impossible to me. So far, people don't have such a huge need for bitcoins. But if it's going to be in demand around the world, then probably 1M isn't fantastic.

btc_angela

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As the saying goes here, "everything is possible', and with every 4 years bitcoin is becoming scarce, then maybe in the future we are going to see 1 BTC = $ 1 Million. For now though it looks like not doable, but maybe when we reach a point that almost all bitcoin has been mined, maybe in the next 3-4 block halving, the price is going to shoot up.

And with that, it's better for us to really stack sats, it's going to be a race for everyone to get at least 1 BTC in their wallet. And for those who have achieved it, then they are lucky because right now it's going to be very difficult unless you have the money to begin with. But for the majority of us, average joe investors, it might take some time.

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Quote from: CryptoOx on April 22, 2023, 09:11:19 AM

Bitcoin to 1 Million is it really possible?

It's very possible because Bitcoin is part of the future, but indeed to achieve that Bitcoin still needs time first,
let's make it happen in 2025 Bitcoin can reach $ 150k or $ 300k,
hopefully whlaes will also support Bitcoin to reach new ATH in 2024 until 2025I

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