It doesn't make sense for the highest price achieved was not possible due to too high if it reaches $10,000/btc it might happen but 2 years into the future
Topic: Could Bitcoin price increase to $1 Million one day? - page 2. (Read 2485 times)
I'm not sure if the price would like to reach the $1 M/bitcoin in one day which means a lot of difficulty is increased to the point where a single coin for mining that you will have to start 1000 ASICs for 1 week to mine it, people like me another coin that costs a lot less to me.
It doesn't make sense for the highest price achieved was not possible due to too high if it reaches $10,000/btc it might happen but 2 years into the future
It doesn't make sense for the highest price achieved was not possible due to too high if it reaches $10,000/btc it might happen but 2 years into the future
Some said it will. What do you think?
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
It is possible.We could understand that if we had said that one bitcoin would be worth of @2900 in future when its price was just $1,they would have laughed at us saying that its highly impossible.But now that impossibility has become a reality.So,one day when most people know about bitcoins,there would be an ever increasing demand for bitcoins.But there would be no more new supply of bitcoins.So at that time,price of one bitcoin may become even a million. (The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
I think the better question is will be total market cap of all digital assets reach $20 trillion.
I think it really can worth 1 million of $ one day. The demand sets the price for bitcoin and today it's not the maximum that bitcoin can reach, just think that it's limited with 21 millions and how much people will want to have it. I'm sure this fact will make the price sky rocket and holders will become millionares.
This looks almost impossible to reach as the price depends on the demand and with other countries banning it, it honestly becomes practically impossible to get there, but a 100k dollars might happen on one condition that we keep telling our friends about BTC to grow the community and demand I think it really can worth 1 million of $ one day. The demand sets the price for bitcoin and today it's not the maximum that bitcoin can reach, just think that it's limited with 21 millions and how much people will want to have it. I'm sure this fact will make the price sky rocket and holders will become millionares.
yes you are right if the demand of bitcoin increases then its price will also be increase and it is true that those people who hold their bitcoin or invest their money in bitcoin will be very rich and millionaires, but i think we do not need to expect much because great expectations from something always give great sorrow.
I think it really can worth 1 million of $ one day. The demand sets the price for bitcoin and today it's not the maximum that bitcoin can reach, just think that it's limited with 21 millions and how much people will want to have it. I'm sure this fact will make the price sky rocket and holders will become millionares.
Some said it will. What do you think?
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
I believe that one day the market value of Bitcoin will get close to $10,000. But the possibility of the market value of Bitcoin reaching $1m is just a mere assumption that would may not come to pass. But if it eventually come to pass some of us that has less than one bitcoin in our wallet willl become millionaires in our own local currency. (The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
Everything is possible. However I doubt we will see a $1million coin in our lifetime.
The next question is what the purchasing power of that $1million per coin would be? A loaf of bread?! A house?!
Imo this is speculating way too far into the future.
Let's look and wait for what is going to happen until the end of 2020, in terms of price, after next halving.
The next question is what the purchasing power of that $1million per coin would be? A loaf of bread?! A house?!
Imo this is speculating way too far into the future.
Let's look and wait for what is going to happen until the end of 2020, in terms of price, after next halving.
I'm guessing he was talking in relation to todays purchasing power. In that regard I will say its completely impossible, sure the price will go much higher but bitcoin is still just a speculative currency at the moment and I can't ever see it having a marketcap of over 1 trillion unless a much more significant amount of bitcoin is lost or burned but counted in that number.
Some said it will. What do you think?
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
It could only possible if the remaining miner stop the process of mining BTC
The price is of course will pump and it could reach significant amount that a person can't buy a whole BTC
Everything is possible. However I doubt we will see a $1million coin in our lifetime.
The next question is what the purchasing power of that $1million per coin would be? A loaf of bread?! A house?!
Imo this is speculating way too far into the future.
Let's look and wait for what is going to happen until the end of 2020, in terms of price, after next halving.
The next question is what the purchasing power of that $1million per coin would be? A loaf of bread?! A house?!
Imo this is speculating way too far into the future.
Let's look and wait for what is going to happen until the end of 2020, in terms of price, after next halving.
Impossible, if price wants to hit $1M/bitcoin that means a lots of difficulty increasing to a point where for mining a single coin you'd have to launch 1000 ASICs for 1 week to mine it, people would rather mine other coins which costs much less to mine.
It doesn't make any sense for the price to reach that highs but I think $50,000 is still a reasonable milestone to reach.
It doesn't make any sense for the price to reach that highs but I think $50,000 is still a reasonable milestone to reach.
Your thinking about it all wrong. USD also has a huge risk of quickly loosing value even if Bitcoin does not gain in value (vs gold, land or food) for example.
I guess that's impossible, even to increase $ 500 in 1 day is still very difficult. Well, at least, we are eagerly awaiting it, because bitcoin prices also have never reached such a high price. Probably the most sensible price I currently think is $ 3000.
No. There will be another cryptocurrency that people like or bitcoins will slow down around the $100k mark. No matter what $1million will be impossible unless $1million buys you a used car because fiat is nearly worthless at that point.
Just because of the increasing value of bitcoin fiat never goes worthless. From the beginning bitcoin is calculated in terms of fiat, right now the usage is very small compared to the fiat usage. The fiat usage might decrease to some extent, but this never goes out of usage. If that's the reality already something with fiat might have taken place. Bitcoin always serve to be secondary just because of decentralization. No. There will be another cryptocurrency that people like or bitcoins will slow down around the $100k mark. No matter what $1million will be impossible unless $1million buys you a used car because fiat is nearly worthless at that point.
I agree with this. I think it will definitely hit $100k at some point in the next decade but its growth by then will probably slow down to the level of a decent stock.
No. There will be another cryptocurrency that people like or bitcoins will slow down around the $100k mark. No matter what $1million will be impossible unless $1million buys you a used car because fiat is nearly worthless at that point.
If Bitcoin grow at 50% annually till 2027, it will reach $100K per BTC. However, if it continue to grow at that rate till 2037, a BTC will be $8M! LOL!
Knowing that it is not possible, but the power of compounding grow is amazing! No wonder employers only give us 0% to 2% raise per year.
No. There will be another cryptocurrency that people like or bitcoins will slow down around the $100k mark. No matter what $1million will be impossible unless $1million buys you a used car because fiat is nearly worthless at that point.
Some said it will. What do you think?
(The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
Forget it, if it happens it is not going to be in our lifetimes, many like the idea of bitcoin to reach those absurd values since that means we will all become rich but that is not going to work, it is better to accumulate as many coins as possible. (The estimated 2017 GDP in the US is $19.4 trillions. If the price of a BTC increases to $1M, with 21M in total supply, the market cap would be $21 trillions. Of course, the $19.4T is in present value and the $21T is in an unknown period of future value.)
Of course it is possible, especially since there is no time limit. Furthermore, it is only a matter of time before $1 million won't be worth much anymore.
I don't believe in such a scenario. I guess people inspire the growth of bitcoin in 2013, but it seems to me that more of this will be gone. In any case, even if it is not it is not a reason to abandon bitcoin. A currency that has no inflation is already very good.
1 what! Here we don't even know what does hold for Bitcoin post August 1st, till that is not clarified we can't even think post that and you want to think it will go to 1 million, you say people said which people are those I think someone has badly misinformed you, I feel you should browse around the forum and learn lot more about Bitcoins.
Cramer says it's possible bitcoin could reach $1 million one dayhttp://www.cnbc.com/2017/06/07/cramer-says-its-possible-bitcoin-could-reach-1-million-one-day.html
Bitcoin Will Hit $1 Million in 5-10 Years, Says PayPal Director
https://www.cryptocoinsnews.com/bitcoin-will-hit-1-million-5-10-years-says-paypal-director/
Jump to: