Topic: Do you really believe that Bitcoin will hit 1,000,000 - page 14. (Read 17317 times)
Very doubtful. Too many whale bots out there with sell orders. Right now would like to see something above $680.
It'll never hit that in our lifetime. It would crash more than likely than doing that.
So if bitcoin reaches 1,000,000 million, there can be a max number of 21 million of bitcoin millionaires, i dont know how many millionaires are already outhere but its ok.
Being in the IT field and having worked for a credit card processor and many large merchants, I can tell you that the existing system is WAY overdue for a revolution.
Being in the IT field and having worked for a credit card processor and many large merchants, I can tell you that the existing system is WAY overdue for a revolution.
Given it rose from $2 to $1k in 2 years, a rise of 500%, if a linear extrapolation was applied, ignoring circumstances, then $600 per BTC would rise to $300k in mid 2015. Only 2.5 rise after that to get to $1M.
As for scenarios to rise price that quick, there are a lot on this forum including;
1. adoption for multinational corps transferring wealth across borders
2. 1st world population adoption by the shopping public to avoid institutional fees (bank fees)
3. 3rd world population adoption as easier than establish 1st world style infrastructure
4. Govts, like Canada (see their crypto-experiment), go of paper fiat to fully digital currencies.
So as for the question of $1M being plausable, yes, but over what time frame, I would like to think within another 5 years.
As for scenarios to rise price that quick, there are a lot on this forum including;
1. adoption for multinational corps transferring wealth across borders
2. 1st world population adoption by the shopping public to avoid institutional fees (bank fees)
3. 3rd world population adoption as easier than establish 1st world style infrastructure
4. Govts, like Canada (see their crypto-experiment), go of paper fiat to fully digital currencies.
So as for the question of $1M being plausable, yes, but over what time frame, I would like to think within another 5 years.
http://dollarvigilante.com/blog/2013/12/10/bitcoin%E2%80%99s-evolution-will-be-swift.html
it can easily reach a million and possibly even more.
it can easily reach a million and possibly even more.
Ah, the uber-bullish articles after the November bubble
I wouldn't say "easily" to any scenario that puts btc at 1000000 though.
http://dollarvigilante.com/blog/2013/12/10/bitcoin%E2%80%99s-evolution-will-be-swift.html
it can easily reach a million and possibly even more.
it can easily reach a million and possibly even more.
It's unlikely it will hit $10 000. Sure, under a hyperinflationary scenario, should/when it happens, when a loaf of bread will cost $300, bitcoin can hit a million, but who would care about dollars then.
Here's to another thread in which people subjectively evaluate the mature value of bitcoin based on their limited mental capacity without doing the heavy mental lifting.
"I don't see how bitcoin can go any higher than X"
"I don't see how bitcoin can go any higher than X"
You know what, this threads are annoying.
But I kind of sympathize: most of use are quite "alone" as bitcoiners irl, and we all hope to see it get to great hights. So I guess it's normal to come to this forum and try to hear what you wish to hear
Here's to another thread in which people subjectively evaluate the mature value of bitcoin based on their limited mental capacity without doing the heavy mental lifting.
"I don't see how bitcoin can go any higher than X"
"I don't see how bitcoin can go any higher than X"
Do you really believe that Bitcoin will hit 1,000,000
analyses never ends
analyses never ends
Maybe if the US Dollar ha hyper inflation, otherwise not in any one who is alive today's lifetime.
If the price of BTC was $1,000,000 then the market cap of BTC would be greater then the US economy (as it is today).
I can give more comparisons including hypothetical calculations of growth of GDP, however this is simply unrealistic.
I don't think bitcoin will ever reach 1 million dollars in the future, it can reach perhaps 100000$ but I don't see how it can go higher.
I really do believe it is possible. I don't think it is the most possible scenario though, not in the very near future.
I'd be already happy with a 10th of that
I'd be already happy with a 10th of that
Do you really believe that Bitcoin will hit 1,000,000
analyses never ends
analyses never ends
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