Do you think that bitcoin could hit 10 million ever?

Oilacris

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Quote from: JahriMeayer on February 18, 2021, 02:12:16 PM

Can you imgaine the market cap when lots of bitcoin used to buy for a pizza! Now see the market cap, and will get the answer! Upcoming days will be more digital and advance. everything will be online & buy sell will have done though virtual payment system.bitcoin will be one of those virtual payment method in future.even big companies like telsa already accept bitcoin as their payment method.although $200T is very big thing but hope $1T would possible oneday

Just dont try to put aside that digital banking or online payments had been here for a while now via fiat and in case we do go full digital then fiat would still remain and
bitcoin wont really become the mainstream when it comes to payment system.

Its really hard to presume out that for bitcoin to hit $1M in price where we do even had a hard time on reaching $50k, even this market is still young but doesnt
mean that it will really be going into those peaks.

Dont anticipate or expect too much because this would be something stressful.

JahriMeayer

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Can you imgaine the market cap when lots of bitcoin used to buy for a pizza! Now see the market cap, and will get the answer! Upcoming days will be more digital and advance. everything will be online & buy sell will have done though virtual payment system.bitcoin will be one of those virtual payment method in future.even big companies like telsa already accept bitcoin as their payment method.although $200T is very big thing but hope $1T would possible oneday

Silberman

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Quote from: fadhilz123 on February 13, 2021, 06:15:23 PM

Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Go check this thread https://bitcointalksearch.org/topic/owning-one-btc-in-2035-will-make-you-a-millionaire-5316474. I think your question is relevant with that

$200 Triilion? It will so difficult but I believe that Bitcoin can, but how long you must wait? 20Years??. Maybe another question what is your preparation if Bitcoin reaches it?

That number will be impossible for bitcoin to reach if things somehow become stable, as I have said not even the whole world economy is worth so much, so at least at the moment and probably during the short term bitcoin is going to be incapable of reaching that number, however it seems to me that governments are losing control of the economy which is why they are printing so much money and if that is the case we may reach a scenario in which bitcoin becomes that valuable simply because governments cannot stop printing money.

fadhilz123

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Go check this thread https://bitcointalksearch.org/topic/owning-one-btc-in-2035-will-make-you-a-millionaire-5316474. I think your question is relevant with that

$200 Triilion? It will so difficult but I believe that Bitcoin can, but how long you must wait? 20Years??. Maybe another question what is your preparation if Bitcoin reaches it?

Quote from: milewilda on February 12, 2021, 02:43:00 PM

Try to be realistic on here. Check on whats the daily volume that you can see in forex? Basing on answers here: https://www.quora.com/Whats-the-total-cap-size-of-Forex
It do able to have that $4-7 Trillion in terms of liquidity or daily volume.So imagine on what are the numbers when it comes to capitalization which is unknown or immeasurable
and since you do talk about 200 trillion here then it is just simply talking that bitcoin is already on the top of the chain which is way more than with fiat.
Does it sound possible? No its not.

Bitcoin is different from Forex, yeah Forex can't do it but I'm sure that Bitcoin can

Your link is answered 3 years ago. you should put a fresh link

XCANA

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

This is feasible, calculating with the world population if they venture into this cryptocurrency then we might see something very close to 200 Trillion or even above the said figure as marketcap. Am sensing that in future the Bitcoin market cap will supersede this amount you just mentioned becasue of the world population.

milewilda

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Try to be realistic on here. Check on whats the daily volume that you can see in forex? Basing on answers here: https://www.quora.com/Whats-the-total-cap-size-of-Forex
It do able to have that $4-7 Trillion in terms of liquidity or daily volume.So imagine on what are the numbers when it comes to capitalization which is unknown or immeasurable
and since you do talk about 200 trillion here then it is just simply talking that bitcoin is already on the top of the chain which is way more than with fiat.
Does it sound possible? No its not.

Silberman

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Quote from: beerlover on February 07, 2021, 02:25:25 PM

Quote from: Silberman on February 06, 2021, 10:49:51 AM

Quote from: ene1980 on February 01, 2021, 12:41:32 PM

There is another feasibility if the valuation of US dollar goes down due to inflation like Zimbabwe national currency where 100 trillion is just below a dollar Tongue

. If you are assuming these valuation what is the transaction charges you will be paying. I will gladly book my profit and move away from bitcoin as i am not here in the market to pay higher transaction charges which does not make any sense Tongue

.

That is probably the only way in which this could happen during the next decade, after all like I said above not even the whole economy is so big, however it seems the scenario in which we see hyperinflation is slowly becoming true, yesterday the US approved a package of 1.9 trillion dollars and I can guarantee you all of that money is going to be printed, and most likely this is the reason the price of bitcoin went above 40k once again as it is impossible to sustain the economy when the government keeps printing so much money.

I doubt that US dollar could ever be like Zimbabwe, but we are seeing the troubles of USA not being financially smart in the past 5 years or so, it started with Trump and Biden is putting on top of it as well, they are giving money to very wealthy that keeps losing it, and I have to say not like they are losing it to someone else, they are literally losing it as a whole, which makes dollar more valuable by logic like a coin burning, but since it is in the market now, it is on the statistics but it is not in people's hands so it makes things more expensive while there is no money to actually back it up so it makes life harder and harder.

Poor people there are getting poorer and poorer, regular life became a lot harder to handle, and it is really destroying the whole nation. Long story short, it won't be like Zimbabwe, but it certainly becomes worse and worse, I probably won't see 10 million dollar bitcoin in my life time, but it will 100% happen in the future if dollar continues like this.

This began way before that, the last economically responsible president the US had is probably Bill Clinton, since then every single president has taken decisions that have increased the money supply of the US to unprecedented levels and most likely this is going to continue for the next four years, politicians do not really care, most of their money is probably invested in hard assets that if anything are going up thanks to all the money they are printing, and about Zimbabwe never say never, because to me that is a real the scenario that could happen.

beerlover

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Quote from: Silberman on February 06, 2021, 10:49:51 AM

Quote from: ene1980 on February 01, 2021, 12:41:32 PM

There is another feasibility if the valuation of US dollar goes down due to inflation like Zimbabwe national currency where 100 trillion is just below a dollar Tongue

. If you are assuming these valuation what is the transaction charges you will be paying. I will gladly book my profit and move away from bitcoin as i am not here in the market to pay higher transaction charges which does not make any sense Tongue

.

That is probably the only way in which this could happen during the next decade, after all like I said above not even the whole economy is so big, however it seems the scenario in which we see hyperinflation is slowly becoming true, yesterday the US approved a package of 1.9 trillion dollars and I can guarantee you all of that money is going to be printed, and most likely this is the reason the price of bitcoin went above 40k once again as it is impossible to sustain the economy when the government keeps printing so much money.

I doubt that US dollar could ever be like Zimbabwe, but we are seeing the troubles of USA not being financially smart in the past 5 years or so, it started with Trump and Biden is putting on top of it as well, they are giving money to very wealthy that keeps losing it, and I have to say not like they are losing it to someone else, they are literally losing it as a whole, which makes dollar more valuable by logic like a coin burning, but since it is in the market now, it is on the statistics but it is not in people's hands so it makes things more expensive while there is no money to actually back it up so it makes life harder and harder.

Poor people there are getting poorer and poorer, regular life became a lot harder to handle, and it is really destroying the whole nation. Long story short, it won't be like Zimbabwe, but it certainly becomes worse and worse, I probably won't see 10 million dollar bitcoin in my life time, but it will 100% happen in the future if dollar continues like this.

blckhawk

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

I'd say it is possible because everything in this market is kinda hard to predict after all. The main factor that could bring Bitcoin in that amount of market cap is a massive adaptation. Currently, we large institutions are now venturing into Bitcoin and this brings a lot of positive impact in the market especially in making it firm and stronger. If these large institutional investors continue to enter the market the rest will follow starting from small retailers up to large companies, by that time expect that the market cap will increase and so for the Bitcoin's value. $200 trillion is feasible however it will take a lot of time and effort.

arufox

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

It's is so hard but I think Bitcoin can do it. No matter how long we must wait but the day will come..

We all know that bitcoin at the first launch is nothing, right?? And now the price is surprising for all people. There are no people in the past that can predict the price would be $39K

Silberman

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Quote from: ene1980 on February 01, 2021, 12:41:32 PM

Quote from: jackg on January 13, 2021, 11:56:23 AM

In today's money it is but there's inflation to factor in too...

Under the assumption bitcoin replaces the monetary system of about 2 billion people, then a $200 trillion market cap is feasible.

There is another feasibility if the valuation of US dollar goes down due to inflation like Zimbabwe national currency where 100 trillion is just below a dollar Tongue

. If you are assuming these valuation what is the transaction charges you will be paying. I will gladly book my profit and move away from bitcoin as i am not here in the market to pay higher transaction charges which does not make any sense Tongue

.

That is probably the only way in which this could happen during the next decade, after all like I said above not even the whole economy is so big, however it seems the scenario in which we see hyperinflation is slowly becoming true, yesterday the US approved a package of 1.9 trillion dollars and I can guarantee you all of that money is going to be printed, and most likely this is the reason the price of bitcoin went above 40k once again as it is impossible to sustain the economy when the government keeps printing so much money.

jackg

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Quote from: ene1980 on February 01, 2021, 12:41:32 PM

Quote from: jackg on January 13, 2021, 11:56:23 AM

In today's money it is but there's inflation to factor in too...

Under the assumption bitcoin replaces the monetary system of about 2 billion people, then a $200 trillion market cap is feasible.

There is another feasibility if the valuation of US dollar goes down due to inflation like Zimbabwe national currency where 100 trillion is just below a dollar Tongue

. If you are assuming these valuation what is the transaction charges you will be paying. I will gladly book my profit and move away from bitcoin as i am not here in the market to pay higher transaction charges which does not make any sense Tongue

.

We're a long way from that. The euro might become a world reserve currency but for now its stil usd which means they have to make it look attractive to countries using it.

Most large economies will stop stagnating after this year and may potentially start new rallies again imo so I doubt the usd has anything to worry about yet...

ene1980

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Quote from: jackg on January 13, 2021, 11:56:23 AM

In today's money it is but there's inflation to factor in too...

Under the assumption bitcoin replaces the monetary system of about 2 billion people, then a $200 trillion market cap is feasible.

There is another feasibility if the valuation of US dollar goes down due to inflation like Zimbabwe national currency where 100 trillion is just below a dollar Tongue

. If you are assuming these valuation what is the transaction charges you will be paying. I will gladly book my profit and move away from bitcoin as i am not here in the market to pay higher transaction charges which does not make any sense Tongue

.

rodskee

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

10 million what? if you are talking about our Local Money then it will because if Bitcoin reached 100,000$ then for sure that will be a 10 million already.

But if you are asking about $? lol even if you are gone in this generation or the next , Bitcoin will still struggle to reach that.

we cannot even reach the 50k and not 10 million? if this will happen then the whole economic funds of my country will only worth 100 bitcoin ? damn that will hurt small country that can be bought by whales Grin

Silberman

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Quote from: wheelz1200 on January 26, 2021, 11:09:51 PM

Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

I mean why not right. In 2010 you think many people thought it could hit a trillion. Welp here we are only 10 short years from there. It would take mass adoption worldwide but its definately doable. With that being said start stacking sats now Grin

The difficulty of this strives that we will need a huge deal of money coming to the market and even if I have great hopes for this market the last time I checked not even the whole world economy is worth 200 trillions so right now is completely impossible and it will continue to do so as bitcoin is nowhere near to have most of that money moving through it, so if I were to make a guess that will still take several decades at best and the only scenario in which this will not be true is if there is inflation so high that the value of the dollar crashes.

wheelz1200

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

I mean why not right. In 2010 you think many people thought it could hit a trillion. Welp here we are only 10 short years from there. It would take mass adoption worldwide but its definately doable. With that being said start stacking sats now Grin

Hippocrypto

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Quote from: coin-investor on January 26, 2021, 04:37:22 AM

Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

For ten years nobody has thought that Bitcoin could hit 5 digits, almost everyone thinks that it's a bubble that was ready to explode, but look what Bitcoin has achieved now, ten million looks impossible but we never know what's going to happen in the next five years, the Cryptocurrency market keeps surprising us with many new milestones, it seems anything is possible here.

That's how amazing bitcoin was, surprises come unexpected but 10 million was too high when time comes. Maybe we should make it realistic towards $1million and I think its an optimized value which can be reached sooner. We don't know yet how many years it could take, since we're still struggling to see $30k this year due to several factors that affects it's potential growth.

lahmacunkuregi

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I think this is possible after a long time, frankly, I just think that speculation should not be given too many opportunities. It was a bit difficult to imagine this point years ago, but we are living now. For this reason, my guess for the future is easier than before.

Ridwan Fauzi

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

There will be an opportunity for that, given the bitcoin price always trying to increase a lot after its previous all time has passed. And I'm sure when $42.000 has been passed we will the price will move soared. You can imagine for at least two years bitcoin price has been increasing for more than 100%, I still remember when its price was $3500 as all time high before its price touch $20.000, such price spikes could serve as the basis for bitcoin to be believed to have a market cap of 200 trillion in the future.

Silberman

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Quote from: TheBitcoineers on January 13, 2021, 11:37:10 AM

Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?

Your question is incomplete, what is it the time frame you think could take bitcoin to reach that market cap? If it is is something like less than a decade I think the answer is there is now way for that happen, if instead you are giving bitcoin several decades or even a century then that has a possibility of happening as the economy keeps growing, the popularity and adoption of bitcoin grows as well and inflation gets out of control during the next decades, however even then I do not think we are going to see such a huge market cap during our lifetimes.

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