Do you really believe that Bitcoin will hit 1,000,000
analyses never ends
analyses never ends
No, because no analyses exist!
Topic: Do you really believe that Bitcoin will hit 1,000,000 - page 7. (Read 17323 times)
No, because no analyses exist!
My believe is that bitcoin will hit more than 1,000,000
again, same question: in five years? or in 50 years?
You'll just have to wait and see. I always think it's silly speculating on prices, especially putting a date on things. Keep spreading the word of bitcoin and the price will surely rise over time, though I dont think it'll ever get to 1 million without massive worldwide adoption which will obviously take a while.
There are huge markets in Asia/Africa which can be tapped. That is what everybody is banking on.
Problem is foreign currency conversion fee in third world is so high that the benefit of bitcoin can not outweigh the cost.
My believe is that bitcoin will hit more than 1,000,000
again, same question: in five years? or in 50 years?
You'll just have to wait and see. I always think it's silly speculating on prices, especially putting a date on things. Keep spreading the word of bitcoin and the price will surely rise over time, though I dont think it'll ever get to 1 million without massive worldwide adoption which will obviously take a while.
There are huge markets in Asia/Africa which can be tapped. That is what everybody is banking on.
My believe is that bitcoin will hit more than 1,000,000
again, same question: in five years? or in 50 years?
You'll just have to wait and see. I always think it's silly speculating on prices, especially putting a date on things. Keep spreading the word of bitcoin and the price will surely rise over time, though I dont think it'll ever get to 1 million without massive worldwide adoption which will obviously take a while.
I'm gonna go with 50,000 in 5 years, a million in 15 years.
Its possible at the state of hyper inflation alone.
My believe is that bitcoin will hit more than 1,000,000
again, same question: in five years? or in 50 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.
ok...but when? this is important
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
I wouldn't be so sure about that. Medicine is so innovative and innovations coming in big heaps! Who knows, maybe in 30 years with stemcells you will be able to heal nearly every injury and every aspect of getting older. Scientists are predicting that the first human to reach 200 years old, is already born. Spooky!
The thing is, medicine innovation is increasing exponentially. So if you make a logarithmic growth and take history as an indicator, you will still come out with the numbers I proposed.
Not saying this will hold true, but I very well might.
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
I wouldn't be so sure about that. Medicine is so innovative and innovations coming in big heaps! Who knows, maybe in 30 years with stemcells you will be able to heal nearly every injury and every aspect of getting older. Scientists are predicting that the first human to reach 200 years old, is already born. Spooky!
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
I wouldn't be so sure about that. Medicine is so innovative and innovations coming in big heaps! Who knows, maybe in 30 years with stemcells you will be able to heal nearly every injury and every aspect of getting older. Scientists are predicting that the first human to reach 200 years old, is already born. Spooky!
No point in living so long if you are plagued with old age problems.
Just increasing longevity is of no use, if you are suffering from alzheimers. I hope all diseases are cured in the future too.
As I wrote, the stemcell therapy will most likely be able to cure all old age problems!
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
I wouldn't be so sure about that. Medicine is so innovative and innovations coming in big heaps! Who knows, maybe in 30 years with stemcells you will be able to heal nearly every injury and every aspect of getting older. Scientists are predicting that the first human to reach 200 years old, is already born. Spooky!
No point in living so long if you are plagued with old age problems.
Just increasing longevity is of no use, if you are suffering from alzheimers. I hope all diseases are cured in the future too.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
I wouldn't be so sure about that. Medicine is so innovative and innovations coming in big heaps! Who knows, maybe in 30 years with stemcells you will be able to heal nearly every injury and every aspect of getting older. Scientists are predicting that the first human to reach 200 years old, is already born. Spooky!
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Lets assume that BTC doesn't gain in "value". Only rises because of inflation.
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
Today 580
Year XXXX = 1,000,000
Inflation = 4%
580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years
So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power
I don't expect such value for Bitcoin, at least not in short term future- next 10 years.
I think many early adopters will be very happy even if value of bitcoin raise to 10 000 in a next 2-3 years and 1 000 until the end of this year.
If Bitcoin ever hit 1,000,000 something extraordinary should happen, either that bitcoin become official currency in some big country (and replace other official currency) or some other ''great and extraordinary'' event.
I think many early adopters will be very happy even if value of bitcoin raise to 10 000 in a next 2-3 years and 1 000 until the end of this year.
If Bitcoin ever hit 1,000,000 something extraordinary should happen, either that bitcoin become official currency in some big country (and replace other official currency) or some other ''great and extraordinary'' event.
1,000,000 seems like a lot so early on to be honest. Getting into the 100.000's seems more realistic at the moment however I would never rule out bitcoins hitting 1,000,000 in time. It's something that we will not see over night or even in the next few years though.
Even if I always predict high values for bitcoin, 1 million is really out of my sight, I would not bet a dollar on it.
As ocean (and others) said, 100,000$ could be a realistic value if the adoption will continue to grow at today's rate.
$100,000 will be sufficient reward for all those who invest in it even today. But they will be regretting not coming in when it was priced less than $100.
1,000,000 seems like a lot so early on to be honest. Getting into the 100.000's seems more realistic at the moment however I would never rule out bitcoins hitting 1,000,000 in time. It's something that we will not see over night or even in the next few years though.
Even if I always predict high values for bitcoin, 1 million is really out of my sight, I would not bet a dollar on it.
As ocean (and others) said, 100,000$ could be a realistic value if the adoption will continue to grow at today's rate.
Answering to the subject, I'm very bullish I know but in my opinion the possibilities that the btc will hit 1 million $ are high.
I don't think $1 fees would be the dream.
The transaction fees would get revised once the value of bitcoin appreciates further, I think.
Transaction fees, apart from keeping the miners happy, are a deterrent of spam.
If bitcoin appreciates like crazy, you can't call those satoshi transactions spam.
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