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Topic: How 1BTC can eventually be worth $11M - page 7. (Read 7697 times)

full member
Activity: 224
Merit: 100
January 01, 2016, 12:07:19 AM
#64
It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.
I agree, with america is crippled by a lot of debt, sooner or later bitcoin price will skyrocketed till god knows how high  Shocked
hero member
Activity: 658
Merit: 500
December 31, 2015, 07:36:51 PM
#63
It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.
yes true that many countries are experiencing inflation and monetary crisis, I am sure a lot of people pulling their money out of his bank account and invest it into bitcoin
I think it will make the price of bitcoin exploded
newbie
Activity: 1
Merit: 0
December 31, 2015, 07:08:13 PM
#62
hero member
Activity: 728
Merit: 500
Never ending parties are what Im into.
December 31, 2015, 07:02:44 PM
#61
It can definitely reach 11 million dollars, after a lot of inflation. That is the eventuality of fiat currencies, though. Unless the global economy shifts in a way that... well.
legendary
Activity: 3556
Merit: 7011
Top Crypto Casino
December 31, 2015, 06:51:04 PM
#60
$11m per BTC is hugely optimistic for between 2040 and 2100. I really cannot see it going beyond high 5 figures or low end 6 figures in that time frame.

Bitcoin is a very good idea, but the world is not going to throw all of its eggs into one basket.
The singularity will have happened by this point and bitcoin will be the absolute least of our concerns.  We will be living in cages being tube fed by machines and will have no use for currency whatsoever.  Well maybe not by 2040, but certainly by 2100 if we haven't killed each other off yet.  I'll be dead so I could care less.
member
Activity: 70
Merit: 10
December 31, 2015, 05:26:16 PM
#59
That's a very long term prediction and depends on BTC keeping on rising and getting global adoption, IMO BTC has potential to rise in price and be an important online currency but not sure about more.
full member
Activity: 140
Merit: 100
December 31, 2015, 12:48:07 PM
#58
Scarcity alone doesn't make the price of something jump there has to be a demand for it as well. Also, the OP assumes that BTC will be the only currency in circulation. I think gold and altcoins will continue to hold some of the market share as well.

I would be one happy guy though if bitcoin did reach those levels.
hero member
Activity: 504
Merit: 500
December 31, 2015, 12:33:26 PM
#57
Bitcoin has the potetial to be worth a lot more. Once mining is done in 2140 and once we know how much bitcoin is actually in circulation the scarcity of the asset itself will make its price skyrocket
hero member
Activity: 1106
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December 31, 2015, 10:05:18 AM
#56
hero member
Activity: 518
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December 31, 2015, 10:04:00 AM
#55
It's good to be optimistic. But I doubt I can live that long. haha  Grin
ah yeah,i'm also think that i will not live that long,and just a dream when bitcoin reach $11m price,its good for my child or maybe my grandchild. but lets keep hope that it will happen sooner,and we still live when bitcoin price reach $11m Grin
legendary
Activity: 1400
Merit: 1001
December 31, 2015, 09:34:02 AM
#54
Renminbi(yuan) is circulated to 1400million people (china)
Rupee  is circulated to 1289million people (india)
Euro is circulated to 742million people (europe)
dollar only circulated to 320million people.. (america)
sorry america is not that big.. only the media spoon feeders think america is great

based on population dollar is 4th.. based on number of countries using it daily.. euro wins by far
I heard that you could withdraw US dollars from ATM's in Cambodia and pay in USD anywhere in the country. That surprised me a bit but US Dollar is not only used in the US. There might be even more countries that actually use it as a secondary, unofficial currency. Whereas Euros and RMB, as far as I know, are only used in their respective countries (and yeah, of course in trading or in casinos and such international stuff, for instance when I was in Macao they only accepted euros, US Dollars and Hong Kong dollars in casinos, no Macao dollars).

$11M for 1BTC is a sweet dream that's not going to come true, imo, to stay on topic.
Dollar is multinational currency, judging currency potential by number of natives of said country is rather ignorant perception - it is like judging language potential only by its native speakers.
As far as I can tell English is the common language of the world - at least for now and Dollar is the most renown currency.
It will be probably respected and accepted in majority of 2nd and 3rd world countries with no problem. While I doubt anyone will accept yuan outside China.
legendary
Activity: 1106
Merit: 1000
December 31, 2015, 09:19:23 AM
#53
This would certainly be great but most of us won't be alive for that.  Definitely something to pass onto children and grandchildren.  There is also possibilities that bitcoin could see 6 figures well before then. 

which is not true you will see bitcoins price to the moon in your life i can not say about 1 btc = 11m but it can be couple of thousands dollars after few years when all the bitcoins are mined when there are not more bitcoins to mine and all bitcoins will circulate bitcoins price will rise only because on daily bases new businesses are accepting bitcoins
hero member
Activity: 2016
Merit: 721
December 31, 2015, 07:48:32 AM
#52
Renminbi(yuan) is circulated to 1400million people (china)
Rupee  is circulated to 1289million people (india)
Euro is circulated to 742million people (europe)
dollar only circulated to 320million people.. (america)
sorry america is not that big.. only the media spoon feeders think america is great

based on population dollar is 4th.. based on number of countries using it daily.. euro wins by far
I heard that you could withdraw US dollars from ATM's in Cambodia and pay in USD anywhere in the country. That surprised me a bit but US Dollar is not only used in the US. There might be even more countries that actually use it as a secondary, unofficial currency. Whereas Euros and RMB, as far as I know, are only used in their respective countries (and yeah, of course in trading or in casinos and such international stuff, for instance when I was in Macao they only accepted euros, US Dollars and Hong Kong dollars in casinos, no Macao dollars).

$11M for 1BTC is a sweet dream that's not going to come true, imo, to stay on topic.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 31, 2015, 07:46:54 AM
#51
it'll definitely happen if $11 Million equal to 500 Euro,or there's miracle happen and giving affect to bitcoin
something which is too good to be true
full member
Activity: 161
Merit: 100
December 31, 2015, 07:42:31 AM
#50
Bitcoin will never reach $ 11.000.000
It's a dream guys.
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here
December 31, 2015, 07:37:27 AM
#49
No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.

so the maximum price for you is 99k? which is equal to 2T market cap, 1/3 of that of the gold

Exactly. And a $2T market cap is already an optimistic number.
legendary
Activity: 3248
Merit: 1070
December 31, 2015, 07:30:14 AM
#48
No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.

so the maximum price for you is 99k? which is equal to 2T market cap, 1/3 of that of the gold

what i know is that if it can reach those awesome value in the future, it can eventually go higher, there is no real limit, besides the one determined by the demand
member
Activity: 84
Merit: 10
December 31, 2015, 07:28:07 AM
#47
That's a very long term speculation, IMO BTC might not reach these unbelievably big price "that does not necessarily correlate with the adoption" but rather be a decent currency and get a global adoption and be a world-wide currency.
legendary
Activity: 2674
Merit: 1048
December 31, 2015, 06:17:49 AM
#46
It took a very long and very long process bgi bitcoin to reach a price of $ 11M, but I think it unlikely, although to be honest I was expecting it to happen soon Grin
am i just alone who hope like this?
legendary
Activity: 1137
Merit: 1035
Bitcoin accepted here
December 31, 2015, 06:06:28 AM
#45
No way that BTC will ever reach more than 5 figures IMO, and that would be in the DISTANT future.
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