So, the question is whether by spending large amounts of money the freedom in certain countries will be threatened? precisely it would be a suspicious material. where funds flow from millions of accounts in one centralized flow.
each transaction will be closely monitored and will have a negative impact on the sustainability of the bitcoiner in the future. The goal is that we don't want a significant increase in a short period of time. and we don't want freedom in our crypto transactions to be threatened.
Topic: How much fiat to reach a million (Read 123 times)
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)
It's possible that if you continue to print that fiat to "pump" the price of Bitcoin to that price ($1,000,000?), the fiat will lose it's value and that'll cause inflation of goods and services the fiat is priced on. At a point, people will not even want the fiat again.
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)
No it is not. The fact remains that most of the bitcoin is a reserve, this means that you can potentially move the price with a relatively low amount of money for a relatively short period of time. That is, a classic pump. However, that price would not stay there as many would be ready to sell huge amounts at that price.
If you want a guess-timate, use the average volume of bitcoin traded per day and mulitply that by 1M. Even that figure is not accurate as many transactions are just bots creating market.
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)
Looking at your statement, you will understand that it is a hard task you are asking and every response will be on pure assumption.
The reason that it is a hard task is that,
Quote
and is it possible to say how much money has already been pumped up into BTC?
because you need to first ascertain that past to know the present and future. The question is how much has been pumped in bitcoin already to the current price we are.
To ascertain this also, we need to confirm how much was pumped to reach the ATH of 2017 because that was the major landmark for bitcoin.
Is it really about pumping ? Is it that fresh printed money was pumped in for the purpose of buying bitcoin or it was as a result of the need of operational factor of demand and supply?
So many questions can arisen from your enquiry as we understand covid-19 was a major turn around for bitcoin and not necessarily international pump.
If everyone suddenly decided Bitcoin is worth $100k and should never be sold under this amount again, Bitcoin could turn into $100k even instantly without much money pumped into it. There isn't a special fromula for it - liquidity, demand, psychological levels, support, resistance.. they are all influencing price movements.
I think it is better to make use of the market worth of bitcoin which I believe is what you might be requesting for. The market worth is the market value which is called marketcap.
Market cap = circulating supply * price
1.04 trillion= 18.7 million * $53336
If the price is 1 million instead of $53336
X= 18.7 million * 1 million
X= 18700000000000
X= 18.7 trillion which will be the marketcap.
But know that this is just an assumption, the more the supply, the lesser the price unless more bitcoin is bought which will add to the value.
Market cap = circulating supply * price
1.04 trillion= 18.7 million * $53336
If the price is 1 million instead of $53336
X= 18.7 million * 1 million
X= 18700000000000
X= 18.7 trillion which will be the marketcap.
But know that this is just an assumption, the more the supply, the lesser the price unless more bitcoin is bought which will add to the value.
I am interested in the issue.
I think like you, let's see if someone with a deeper knowledge gives us his opinion, because the price of Bitcoin depends on several factors including the volume in the various exchanges. I don't know if the price is calculated in a different way from the stock market. It is quite similar, right?
I guess not. There is no simple or sophisticated way to measure the number of Fiat needed for bitcoin to reach a million. Because there are centralized and decentralized exchanges so that we cant have a detailed number for analysis. In this uptrend, institutional investors are the most influences thanks to their big pocket and the interest in cryptocurrency
If I have to answer, I guess liquidity will be one of the main factors that cause the price of bitcoin to increase. When there are too many holders and less bitcoin appear on the market, the price will easily to be pumped
If I have to answer, I guess liquidity will be one of the main factors that cause the price of bitcoin to increase. When there are too many holders and less bitcoin appear on the market, the price will easily to be pumped
I think like you, let's see if someone with a deeper knowledge gives us his opinion, because the price of Bitcoin depends on several factors including the volume in the various exchanges. I don't know if the price is calculated in a different way from the stock market. It is quite similar, right?
I guess not. There is no simple or sophisticated way to measure the number of Fiat needed for bitcoin to reach a million. Because there are centralized and decentralized exchanges so that we cant have a detailed number for analysis. In this uptrend, institutional investors are the most influences thanks to their big pocket and the interest in cryptocurrency
If I have to answer, I guess liquidity will be one of the main factors that cause the price of bitcoin to increase. When there are too many holders and less bitcoin appear on the market, the price will easily to be pumped
If I have to answer, I guess liquidity will be one of the main factors that cause the price of bitcoin to increase. When there are too many holders and less bitcoin appear on the market, the price will easily to be pumped
Maybe if you know the money enough to pump the price of bitcoin by 1 then you can probably do it with million. I don't think that we have to worry when will that happen to be honest because it will arrive there when it arrives there.
is it possible to calculate the amount of old school money needed to pump up into bitcoin to reach 1.000.000 per BTC. which factors are the key? and is it possible to say how much money has already been pumped up into BTC? not relatively but absolutely ( IN minus OUT > ammount in the system at the moment)
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