Chandler Guo : "Bitcoin could reach 1 million dollar" - page 3.

Forester618

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Quote from: yayayo on November 17, 2016, 11:21:38 AM

Actually more interesting than his million dollar prediction is his assessment of the venture capital / banking scene around Bitcoin. In my opinion, Chandler Guo is a smart guy that (despite weak English) clearly knows what he's talking about. He's able to filter the noise and see the big picture. Besides that, I simply think he has a nice personality. One of the few strangers I would instantly drink a beer with...

His prediction might seem outlandish today. But if you compare it with the total amount of money and debt in circulation it's not unrealistic at all. However it is unclear within what time frame Bitcoin might reach such a valuation and whether the buying power of fiat currencies will be nearly the same as today when it happens.

ya.ya.yo!

Even today the miners do not want war. If war breaks exchanges, miners, mining pools, Bitcoin Classic, Unlimited Bitcoin, Bitcoin Core and other bitcoin companies , they will not be able to engage in mining and lose your money. They just want to keep it that way. If war breaks out and the price will crash, everyone will lose their money. Guo urged the key players to adhere to the Hong Kong agreement and instead start a real war, which can lead to the section of the blockchain, or even the appearance of two different coins (BTC and BTU), and to the collapse of the prices of both, to resolve this issue by agreement. He also suggested that if would still be able to reach some agreement, then the block can be increased to 1.2 MB without war and loss for all.

lionheart78

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Quote from: edgar on April 09, 2017, 01:33:32 AM

reading back through some of the comments here is interesting...

we'll never reach $1000, yet just months later we have sailed right through 1k.

10,000

100,000....

make it so!

Different people look at the different part of time, most are just looking at the moment, some are weeks, months and years from now. Anything that is speculated beyond the limit of our knowledge are all guesses. Though I can say they may happen if and only if they met certain criteria or requirements. That 1 million dollar Bitcoin is an speculation about the price when the majority of the world adopted bitcoin, disregarding competition and government interventions.

icecube45

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Quote from: edgar on April 09, 2017, 01:33:32 AM

reading back through some of the comments here is interesting...

we'll never reach $1000, yet just months later we have sailed right through 1k.

10,000

100,000....

make it so!

Yes, bitcoin price is unpredictable. When last a lot of people who do not believe bitcoin price will reach $ 1,000 but now bitcoin could reach it. When now people do not believe bitcoin price could reach $ 1m maybe in the future it can be achieved, it is very unreasonable but we do not know in future. I actually do not believe, but with a limited number of bitcoin and more people are interested in using bitcoin, maybe it could happen. If that happens people can buy cars and even homes with 1 BTC. But if true, of course it is still a long time and now it is better to target the bitcoin price to $ 2,000.

DoublerHunter

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Quote from: edgar on April 09, 2017, 01:33:32 AM

reading back through some of the comments here is interesting...

we'll never reach $1000, yet just months later we have sailed right through 1k.

10,000

100,000....

make it so!

That $10,000 price was too high for bitcoin. It is so expensive and it will make bitcoin exclusive to rich people because the poor people will no longer able to buy at least 1 bitcoin in that moment. But i think that is still possible for bitcoin to reach since we are just starting to invade the world and soon we will get in touch with $2,000 and after a few years we will experience $10,000 price Cool

.

edgar

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reading back through some of the comments here is interesting...

we'll never reach $1000, yet just months later we have sailed right through 1k.

10,000

100,000....

make it so!

usefrees

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Quote from: yayayo on November 17, 2016, 11:21:38 AM

Actually more interesting than his million dollar prediction is his assessment of the venture capital / banking scene around Bitcoin. In my opinion, Chandler Guo is a smart guy that (despite weak English) clearly knows what he's talking about. He's able to filter the noise and see the big picture. Besides that, I simply think he has a nice personality. One of the few strangers I would instantly drink a beer with...

His prediction might seem outlandish today. But if you compare it with the total amount of money and debt in circulation it's not unrealistic at all. However it is unclear within what time frame Bitcoin might reach such a valuation and whether the buying power of fiat currencies will be nearly the same as today when it happens.

ya.ya.yo!

Yes, the most important thing - the timing, he did not say. It's a pity. Theoretically, we can talk about anything. Of course we would all be happy if his prediction was fulfilled in the next few years. And it is desirable to make it happen without any global financial crises

yayayo

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Actually more interesting than his million dollar prediction is his assessment of the venture capital / banking scene around Bitcoin. In my opinion, Chandler Guo is a smart guy that (despite weak English) clearly knows what he's talking about. He's able to filter the noise and see the big picture. Besides that, I simply think he has a nice personality. One of the few strangers I would instantly drink a beer with...

His prediction might seem outlandish today. But if you compare it with the total amount of money and debt in circulation it's not unrealistic at all. However it is unclear within what time frame Bitcoin might reach such a valuation and whether the buying power of fiat currencies will be nearly the same as today when it happens.

ya.ya.yo!

pooya87

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Quote from: OmegaStarScream on November 15, 2016, 09:54:45 AM

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

this is worthless because all speculations like this who say bitcoin price to $X or $Y where X is a huge number and Y is a tiny number (like 100) are only big IFs which will always remain that big IF forever since their criteria for reaching that point is never met.

Ayers

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Quote from: fiserman on November 15, 2016, 02:38:22 PM

Keep in mind that hyperinflation of the dollar can happen in the future. $1 million may only be equivalent of $10,000 of today's USD.

they were saying the same thing many years ago and does it happened i think not? the only thing that happened is that the goods now cost more, and you need more dollars, but the alue of the dollars is the same

CyberKuro

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Quote from: OmegaStarScream on November 15, 2016, 11:41:08 AM

Quote from: serjent05 on November 15, 2016, 11:36:20 AM

Quote from: Oilacris on November 15, 2016, 11:30:45 AM

Quote from: OmegaStarScream on November 15, 2016, 09:54:45 AM

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another insane speculation on which the price is too unrealistic to consider. As others said here if that amount would reach then we are all dead and our grand grand sons would able to witness that event but i really dont think that this things would happen because saying $1m/bitcoin is no joke and assuming that all people are already using it globally and would be the mainstream for sure.

I agree, just releasing words without any substance in it. I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

Yeah, $1 Million seems too far far away from us now and talking about reach $1K is more reasonably as the price around $728 now.
there only 21 Million BTC will be ever exist and assuming there are almost 16 Million Bitcoins in circulation now (source : https://blockchain.info/charts/total-bitcoins) so just BTC5 left to mining. The price affected by supply and demand, governed by scarcity making bitcoin price flying to the moon. If everyone have just BTC1, the price should be reach $10K in 10-20 years but to achieve $1M, I can say impossible.

clickerz

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There are possibilities for bitcoin to reach $10,000 but for $1,000,000 is very ambitious prediction. I think we can't reach that in our lifetime since $10,000 is difficult to reach as of now. Since he did not give a timeline, it is mere speculation in my opinion but I know bitcoin will continue to rise.

chesatochi

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Quote from: deadsilent on November 16, 2016, 09:13:00 AM

Maybe in my dreams that thing can happen. It doesnt even reach a thousand a piece. Its just making laugh. I dont really think this thing could happen. Too far from what i expected and too good to be true. If bitcoin still exist for about million years maybe theres a chance. But not sure if earth exist that time. Lol

For now, the price of bitcoin is already good at the current price and is increasing slowly, I think it could reach 1000$ usd. But, at 1million dollar each bitcoin, I will be very happy and I don't think this would happen in the near future.

The time will tell what is going to happen of the valuation of bitcoin.

deadsilent

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Maybe in my dreams that thing can happen. It doesnt even reach a thousand a piece. Its just making laugh. I dont really think this thing could happen. Too far from what i expected and too good to be true. If bitcoin still exist for about million years maybe theres a chance. But not sure if earth exist that time. Lol

Oilacris

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Quote from: OmegaStarScream on November 15, 2016, 11:41:08 AM

Quote from: serjent05 on November 15, 2016, 11:36:20 AM

Quote from: Oilacris on November 15, 2016, 11:30:45 AM

Quote from: OmegaStarScream on November 15, 2016, 09:54:45 AM

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another insane speculation on which the price is too unrealistic to consider. As others said here if that amount would reach then we are all dead and our grand grand sons would able to witness that event but i really dont think that this things would happen because saying $1m/bitcoin is no joke and assuming that all people are already using it globally and would be the mainstream for sure.

I agree, just releasing words without any substance in it. I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

You do have some points but theres still no guarantee and we just do believe because it's being said by a famous people or whatsoever. One thing here is no one could able to predict precise prices of bitcoin on near future because we are just humans and no one could see on what's ahead speculations might be reach hence bitcoin has do really the potential but reaching $1m price is too unrealistic to believe, if that amount reaches maybe we are all dead on that time.

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Quote from: TastyChillySauce00 on November 16, 2016, 05:49:30 AM

Quote from: arseaboy on November 16, 2016, 12:36:26 AM

If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

before saying "everyone of us will be rich" then you should think how much of us are holding bitcoin until the price just reach 1 million dollars
people are always need to pay for their monthly needs and no guarantee "everyone of us" could hold for a long time

Correct. Since the price will not get there overnight people will sell of theirs stash. And sell again. And again. It all depends on what everybody expects and how the market evolves.
At the end some will be rich and some will have stories about how they sold (or bought!!) at 1k, 5k, ...100k and so on, in the same way now some have stories about buying at 5$ and selling at 1000$.
Bitcoin has a wonderful future, and the present time is part of it already. Now, how long and how good the things will get, we cannot know.

1 million $ sounds like a lot. But remember, Bitcoin has enough space after the decimal point to allow denomination to something more bearable if necessary.

olubams

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Its really going to be a long way and even hard to believe at that but come to think of it who would believe that Bitcoin would attract the value that it has today about years ago when it first came? But I agree that the prediction is a long shot and even me I wouldnt believe such because of the recent developments happening among which are not limited to regulations, government interests in the coming in the nearest future coupled with various alt coins striving hard to replace bitcoin. These and many other reasons could be a long obstacle against bitcoin in achieving that feat...

DrGuns4Hands

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i wish i could reach 1 btc before that happens haha iwould save my btc and wait til it happen. i will not work and im gonna get laid. Grin

I will build a house and travel the world, make some friends all over the world and i could also see santa in north pole haha. but 10k usd is enough for me for 1 btc and im gonna workhard to earn more btc.

TheGodFather

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this is hilarious hahaha if that's happen i guess the world blown up and we're not living in earth anymore . everychanges need some effect which is the economy should be balance to get all things work out. that's why we can't lose fiat system. we could use it both bitcoin and fiat system in everyday life. but if it's happen i would rather have the bitcoin as a digital currency but im happy where bitcoin's now.

TastyChillySauce00

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Quote from: arseaboy on November 16, 2016, 12:36:26 AM

If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

before saying "everyone of us will be rich" then you should think how much of us are holding bitcoin until the price just reach 1 million dollars
people are always need to pay for their monthly needs and no guarantee "everyone of us" could hold for a long time

arseaboy

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If this will happen then everyone of us will be riches.. but I think it will take a lot of years before it does. For now, I'm hoping that it would reach $1000 and that is fine with me.

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