Can BTC rise to 1 million US dollars? - page 2.

Rufsilf

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Quote from: Frengki_cisco on November 23, 2021, 09:08:10 AM

Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

In the next 15 years, for the price of Bitcoin I'm sure it can penetrate as you say, 1 million dollars, it is possible for Bitcoin to achieve it all, we are back in 2009 and 2021, one reason that can be sure is most likely to be achieved.

15 years is a really a long time to forecast what's the probable price, but ofcourse bitcoin will and always stand at the pinnacle amongst other cryptocurrencies and it will surely survive unwithered even at the time of our grandchildren's sons and daughters. But 1 Million USD prediction in 15yrs from now? I think it's too long and far to predict that as of this moment, but yes, who knows right? Bitcoin is always unexpected due to its market's volatility and maybe it's possible to reach that price, we'll see it soon.

Devifajarina

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Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

I have no doubts about the development of bitcoin in the future, but the cycle they have gone through does not provide a guarantee in the next 15 years bitcoin will reach a price of 1 million US dollars, many cryptocurrencies are emerging today, although none of them can replace bitcoin in crypto , but anything can happen in crypto, even if it can't last as long as bitcoin is at such a high price, but I doubt other cryptocurrencies will reach that position.

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Quote from: jostorres on November 22, 2021, 03:18:46 PM

Quote from: the ghabbar on November 22, 2021, 08:56:48 AM

15 years is not a fast time, many things have changed in crypto, although people think bitcoin will continue to grow and develop, many countries have set up their own digital money schemes, and this will affect different rules, so the push for bitcoin will experience a decline with on its own, I'm not so sure bitcoin will hit that far in price, given the number of countries that are starting to set up their own digital currencies.

I do not think that nations creating their own coins will cause any harm into bitcoin, in fact it would probably help bitcoin a lot. Imagine a world where you could have a legit coin from a nation and you could get paid with it, so you are already in crypto without even buying crypto, you are earning it as your salary and that is what you opt in with. Look at El Salvador, you could earn crypto there and you do not have to use fiat at all.

This means that we are going to see that with other nations as well and that means people could move their money into bitcoin a lot easier. I believe this will cause a big surge in crypto, look at how we recovered from the fall thanks to just El Salvador going in, imagine when UK or USA could get in with the same system, it would make bitcoin go to million dollars very easily. But maybe I am wrong, who knows?

It is true that there is no great danger if a country starts producing its own digital currency, as long as there is no prohibition against bitcoin in that country, and I agree that a country that will create its own digital currency will greatly help bitcoin grow in the future, but it should be noted that, there is no special prohibition that says that bitcoin cannot be transacted in that country, the rest will help bitcoin grow and develop if every country has an interest in creating its own digital currency, and accommodates bitcoin simultaneously.

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Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

In the next 15 years, for the price of Bitcoin I'm sure it can penetrate as you say, 1 million dollars, it is possible for Bitcoin to achieve it all, we are back in 2009 and 2021, one reason that can be sure is most likely to be achieved.

jostorres

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Quote from: the ghabbar on November 22, 2021, 08:56:48 AM

15 years is not a fast time, many things have changed in crypto, although people think bitcoin will continue to grow and develop, many countries have set up their own digital money schemes, and this will affect different rules, so the push for bitcoin will experience a decline with on its own, I'm not so sure bitcoin will hit that far in price, given the number of countries that are starting to set up their own digital currencies.

I do not think that nations creating their own coins will cause any harm into bitcoin, in fact it would probably help bitcoin a lot. Imagine a world where you could have a legit coin from a nation and you could get paid with it, so you are already in crypto without even buying crypto, you are earning it as your salary and that is what you opt in with. Look at El Salvador, you could earn crypto there and you do not have to use fiat at all.

This means that we are going to see that with other nations as well and that means people could move their money into bitcoin a lot easier. I believe this will cause a big surge in crypto, look at how we recovered from the fall thanks to just El Salvador going in, imagine when UK or USA could get in with the same system, it would make bitcoin go to million dollars very easily. But maybe I am wrong, who knows?

the ghabbar

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Quote from: jostorres on November 21, 2021, 03:35:52 PM

Quote from: philipma1957 on November 20, 2021, 06:53:33 PM

I think to say the world is worth 90 trillion at the moment is not accurate.

I have read

100 trillion my post and guess two years ago.

150 trillion
200 trillion
300 trillion.

have all been shown on this forum.

After spending time to research what the world is worth due to seeing all the estimates I think 180 to 215 trillion is the best guess for now.

Do I think 1 million for btc. maybe in 6-8 years.

but that means 195 trillion. Just for btc. maybe 100 trillionfor the other shit coins.

so 295 trillion

the question is six years inflation at 10% possible it could happen. if it does btc will whale.

We really do not need that much speed neither, maybe it will happen in 15 years? By that time I am sure global will keep on growing (seeing how nations keep on printing money anyway) so global could be over 500 trillion by that time and we would be only at 30 trillion at the time.

In any case, 1 million per bitcoin is definitely something possible, right now we are at around 1.1 trillion and with less than 20x we are reaching 1 million each and that would make it less than 30 trillion, in a world with 500 trillion global worth, just 30 trillion of it going to crypto wouldn't really be weird in 10 years. However with 2 million things could look a bit different and with 5 it is going to be totally out of our regular minds and need to rethink how we approach bitcoin (or already did and that's why it's there).

15 years is not a fast time, many things have changed in crypto, although people think bitcoin will continue to grow and develop, many countries have set up their own digital money schemes, and this will affect different rules, so the push for bitcoin will experience a decline with on its own, I'm not so sure bitcoin will hit that far in price, given the number of countries that are starting to set up their own digital currencies.

jostorres

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Quote from: philipma1957 on November 20, 2021, 06:53:33 PM

I think to say the world is worth 90 trillion at the moment is not accurate.

I have read

100 trillion my post and guess two years ago.

150 trillion
200 trillion
300 trillion.

have all been shown on this forum.

After spending time to research what the world is worth due to seeing all the estimates I think 180 to 215 trillion is the best guess for now.

Do I think 1 million for btc. maybe in 6-8 years.

but that means 195 trillion. Just for btc. maybe 100 trillionfor the other shit coins.

so 295 trillion

the question is six years inflation at 10% possible it could happen. if it does btc will whale.

We really do not need that much speed neither, maybe it will happen in 15 years? By that time I am sure global will keep on growing (seeing how nations keep on printing money anyway) so global could be over 500 trillion by that time and we would be only at 30 trillion at the time.

In any case, 1 million per bitcoin is definitely something possible, right now we are at around 1.1 trillion and with less than 20x we are reaching 1 million each and that would make it less than 30 trillion, in a world with 500 trillion global worth, just 30 trillion of it going to crypto wouldn't really be weird in 10 years. However with 2 million things could look a bit different and with 5 it is going to be totally out of our regular minds and need to rethink how we approach bitcoin (or already did and that's why it's there).

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Quote from: kryptqnick on November 02, 2021, 06:02:23 AM

I think the absolute limit is the worth of global economy. It's currently worth 90 trillion dollars, and the projection for 2026 is 122 trillion. Usually prognosis for more than 5 years doesn't make sense because of very low accuracy, but let's say it gets to 150 trillion dollars, which is realistic enough. In that case, if Bitcoin costs 1 million dollars per coin, it accounts for about 13% of the global GDP. In comparison, all US dollars are currently worth 6.6 trillion, so 7% of GDP. Taking this into account, I'd say it is possible, but unlikely.

I think to say the world is worth 90 trillion at the moment is not accurate.

I have read

100 trillion my post and guess two years ago.

150 trillion
200 trillion
300 trillion.

have all been shown on this forum.

After spending time to research what the world is worth due to seeing all the estimates I think 180 to 215 trillion is the best guess for now.

Do I think 1 million for btc. maybe in 6-8 years.

but that means 195 trillion. Just for btc. maybe 100 trillionfor the other shit coins.

so 295 trillion

the question is six years inflation at 10% possible it could happen. if it does btc will whale.

the ghabbar

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Quote from: ?? on ??

I think there is no accurate prediction if we are going to predict btc 15 years from now, 15 years is a very long time and I believe that there are a lot of things that may happen on that15 years. Even in the next 4 years from now no one can predict btc price, because it is all depend on the future development and how the next generation accept it.

The 15 year prediction is not the right method to do at this time, crypto developments are increasing and many new things are happening here, how can we make predictions for that long, if the times are constantly changing, starting from project development or to coins that began to appear, I think this is not quite right and there is no output that can be presented from these predictions.

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It's hard to say if bitcoin's price will hit $1 million in the next 15 years because that's a very long time. Moreover, no one knows for sure what the fate of bitcoin in the future will be whether it will still exist or not. Moreover, many experts think that in the next 10 to 20 years Bitcoin has a bright prospect where its price will reach $300k to $500k. There are also those who think that the price of bitcoin will fall in the future.

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Of course it can, remember there can only exist 21 million bitcoins ever and i believe 80% of them have already been mined. And at the rate people are developing interest into cryptocurrencies the demand will be too great such that price will be pushed up to be able to accommodate the new entrants to the ecosystem. Btw the moment all are mined supply becomes the constant and the only variables we shall have are demand and price and demand seems to be the deterring factor at the moment ...i don't see price slowing down once we get all 21 million coins into circulation.

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Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Within the next 15 years, most probably Bitcoin will hit $1m around 5-10 years IMO. If you take a look at Bitcoin's growth history, It is capable of doing multiple folds in growth. Say for example, in 2016 Bitcoin was $1,000 and then the next year It rises up to 19x and hit almost $20,000 in 2017 of December.
Now, the most recent pump made 3x growth from the last ATH.
So, If you do the Math 1 bullrun that makes a multiple times growth for Bitcoin will draw us closer to $1m.
IMO, 15 years is far too long.

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Quote from: arwin100 on November 17, 2021, 05:05:46 AM

Quote from: Semar Mesem on November 17, 2021, 03:03:48 AM

I'm sure the price of $ 1 million will be reached, everyone will regret seeing the current price of bitcoin more than $ 60k, of course everyone 5 years ago never thought that the price of bitcoin could reach $ 60k, maybe the price of $ 1 million could be reached 5 to 10 another year, of course the first thing is to be able to reach $100k this year.

The question regarding on that prediction is when does this scenario to happen? since imagine how bitcoin struggle to reach at $80k and for sure it will be huge struggle to reach at that figures. But we still have a chance to make that happen so maybe its good to hold some amount if you have courage to hold for long term period like 10 years holdings since maybe from that we can accumulate positive result for believing bitcoins and its growth.

All of us who invest in Bitcoin certainly hope the price of Bitcoin goes up as high as possible, therefore I believe one day Bitcoin will reach the price of
$ 1 Million. So it is very important to collect as much Bitcoin as possible, so when the price of Bitcoin reaches the price of $ 1 Million we already have
large amounts of Bitcoin. Indeed I know it is not easy to collect Bitcoin in the long term, it takes a strong will and a big struggle. Moreover, our target is
to hold Bitcoin for up to 10 years, it is not an easy thing, there will definitely be many obstacles that we have to go through. But as long as we have
a strong will, then try to do our best, I believe we can hold Bitcoin for the next 10 years.

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Quote from: bots1 on November 19, 2021, 09:14:35 AM

Of course bitcoin will exist in the long term either 10 years or 15 years to the next 20 years. However, it is difficult to predict exactly what bitcoin price will be 5 to 15 years from now. We don't even know how much bitcoin will cost in the next 5 months. Bitcoin price movements can change drastically from time to time. Despite this level of price uncertainty, rest assured that bitcoin will remain in the future and more and more large companies will adopt the cryptocurrency.

What scares me about the market is that there are way too many people thinking this is just a get rich quick scheme and that's it. Many people do not think that bitcoin will be around after 50 years, there is absolutely no reason why it shouldn't be around but if people all together agree that it shouldn't and start selling then they will manage to make it go away as well. So that means, we are talking about too much power in the hands of investors who might have a misjudgment over the power of crypto.

Let's see what happens but I believe as long as we invest into btc and do not lose hope then it could be around after 50 years or 100 years and whatever, if money could sustain so much in a paper form just because governments says so, then we could also make bitcoin sustain that long easily just because we said so. There is a risk involved of course but that shouldn't really be a problem.

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Quote from: gabbie2010 on November 15, 2021, 01:22:32 PM

Quote from: bots1 on November 13, 2021, 12:39:38 AM

I think it's hard to predict Bitcoin going up to $1 million in the next few years. Even now, no one knows and predicts exactly how the prospect of bitcoin in the future will be at least 10 years into the future, even though the price is still up and down.

The price of bitcoin reaching $1 million in the next ten year is not possible, it price is absolutely unpredictable and considering many upcoming bans, clamping down of exchanges, 40% owners of bitcoin manipulations e.t.c these are unforseen fundamentals that could mar the price to reach the speculated price mark, though I am not disputing the fact that the price will be far above the present price, but $1 million price mark is too outrageous to me and probably there is the tendency to have another new innovation other than crypto that might divert hodlers and investors's attention.

We will have to wait and see, even if new technological developments keep appearing we must not forget that we have lived in a civilization without those things, however money itself is necessary for civilization to function, without it we will have to go back to the barter system and that will slow down the economic activity to a crawl, so while those new advancements could be fundamental for the development of our civilization we know as a fact that money is in fact necessary for civilization as we know it to keep existing.

And right now there is no better form of money than bitcoin, so if bitcoin still exists 15 years from now, and I do not see a reason to think otherwise, then the interest of investors will be there and a high price for bitcoin is to be expected, will it reach one million dollars per coin? No one knows, but I am inclined to believe this will be the case.

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Quote from: TheEconomists on November 14, 2021, 03:56:39 PM

Quote from: ultrloa on November 02, 2021, 05:14:47 AM

Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Next 15 years is so long to predict but if we can see all countries goes digital currencies and they will choose bitcoin then we might gonna see this happening. But for sure each country will create their own digital currency and bitcoin will be just another option to them so maybe the preferred figure to be reach is still 6 digit number if bitcoin will still alive 15 years from now.

15 years to come is actually a very long time to predict what will the price of Bitcoin be and the question of whether Bitcoin will exist in the next 15 years is not out of place this because so many countries of the world are now digitalizing their currency and they may not be any need for Bitcoin again.

Of course bitcoin will exist in the long term either 10 years or 15 years to the next 20 years. However, it is difficult to predict exactly what bitcoin price will be 5 to 15 years from now. We don't even know how much bitcoin will cost in the next 5 months. Bitcoin price movements can change drastically from time to time. Despite this level of price uncertainty, rest assured that bitcoin will remain in the future and more and more large companies will adopt the cryptocurrency.

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Quote from: Semar Mesem on November 17, 2021, 03:03:48 AM

I'm sure the price of $ 1 million will be reached, everyone will regret seeing the current price of bitcoin more than $ 60k, of course everyone 5 years ago never thought that the price of bitcoin could reach $ 60k, maybe the price of $ 1 million could be reached 5 to 10 another year, of course the first thing is to be able to reach $100k this year.

The question regarding on that prediction is when does this scenario to happen? since imagine how bitcoin struggle to reach at $80k and for sure it will be huge struggle to reach at that figures. But we still have a chance to make that happen so maybe its good to hold some amount if you have courage to hold for long term period like 10 years holdings since maybe from that we can accumulate positive result for believing bitcoins and its growth.

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I'm sure the price of $ 1 million will be reached, everyone will regret seeing the current price of bitcoin more than $ 60k, of course everyone 5 years ago never thought that the price of bitcoin could reach $ 60k, maybe the price of $ 1 million could be reached 5 to 10 another year, of course the first thing is to be able to reach $100k this year.

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Quote from: YOSHIE on November 16, 2021, 12:04:41 PM

Quote from: Te qution on November 02, 2021, 04:53:22 AM

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together.

Anything can happen in the internet world, especially with Bitcoin, who would have thought that from the price of $65 it could reach the current $60,000/Bitcoin, how many years it only took 13 years for that.

For the next 10 years, the same thing can happen, nothing is impossible as long as humans in the world are still trading, investing, mining etc., towards crypto/digital currency.

Its a long time to consider on and just like others been saying or just with common sense then there are still lots of things to happen on upcoming years to come which we cant guarantee on whats gonna happen ahead which is normal but seeing with the current condition in the market and the level of recognition and adoption then we could really say that it does have that potential that we would reach up new all time highs but dont expect or anticipate that we would reach a million dollars.

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Quote from: Obito on November 16, 2021, 07:04:02 AM

15 years is a good number of years to be able to reach that point, I think that with that much time, there's a big possibility that bitcoin will be able to go to 1 million dollar mark. Only concern that I have is that bitcoin gets much more premium more than ever since it gets more expensive, another problem that we will be facing is that if we ever reach that point, we will probably hodl much more expecting the price to go higher.

The appropriate sentence for a holder is "everything will be beautiful in its time", hehe,
I myself am also still optimistic in the coming years, this technology, especially Bitcoin will continue to be a perfected technology,
Metaverse and NFT are in the Blockchain ecosystem, and of course this will be profitable for Bitcoin,
I can still be realistic Bitcoin price will reach $100k to $200k in the next few years, but sorry, for $1 million I still can't figure it out

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