How will u feel if d price of 1BTC exceeds $1m by 2030 as its made legal tender - page 3.

xSkylarx

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Quote from: usekevin on February 02, 2022, 05:40:24 PM

Quote from: uchegod-21 on February 02, 2022, 05:27:56 PM

If the price of btc exceeds $1million by 2030 maybe I will feel regretful and likewise many people. This time I use to blame people that met bitcoin 5 years ago why didn't they hodl. But it is not easy to hodl unless you are wealthy. There must be needs to spend the bitcoin at some points.

About countries adopting bitcoin, many countries may not make bitcoin a legal tender, but many countries will make the use of bitcoin lawful in their countries.

Bitcoin price was keep on low for now.The dump market is not a permanent one, we have to wait for the next pump.Holding is the key for the trading, most successful traders use it for the long term to get huge profit.The people who not hold before 5 years was struggling now with the money.The people who had invested and hold for 5 years was the greatest achievers now.Just holding will give you huge profit from the bitcoin.

Yes, they make a lot of money now, but they were still profitable when you invested 3 years ago because the price has doubled since then, so if we are looking for the price you also make money, but to those investors or holders who only invested a few years ago and they bought at ATH that are really not making money, but I do suggest that you are already in that situation, so it is better to keep holding, don't watch the price, just keep scrolling through social media until you saw ATH.

rodskee

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Quote from: franky1 on February 02, 2022, 08:18:37 PM

looking at the price 8 years ago (~$400) to now (~$40,000) thats a 100x
bitcoin only needs to 25x to get to $1m a coin. so its not an out of reach goal.
especially when it doesnt need to leap that much each year

it only really requires each years price to increase by 1.5x
2022   $40,000.00
2023   $60,000.00
2024   $90,000.00
2025   $135,000.00
2026   $202,500.00
2027   $303,750.00
2028   $455,625.00
2029   $683,437.50
2030   $1,025,156.25

More reasonable prediction than expecting 100k to be the price last 2021 and now 2022, i believe also that we will reach that value either 2024-2025 after the Bitcoin mining halving happened again.

Quote from: uchegod-21 on February 02, 2022, 05:27:56 PM

If the price of btc exceeds $1million by 2030 maybe I will feel regretful and likewise many people. This time I use to blame people that met bitcoin 5 years ago why didn't they hodl. But it is not easy to hodl unless you are wealthy. There must be needs to spend the bitcoin at some points.

About countries adopting bitcoin, many countries may not make bitcoin a legal tender, but many countries will make the use of bitcoin lawful in their countries.

will felt regretful? that is 10 years from now why would feel regret when you can change that before the year comes?

Best to instead of blaming yourself? purchase bitcoin now and keep it onhold for long time

Chato1977

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Quote from: Ripe_berry on February 02, 2022, 05:11:21 PM

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

Since you are believing that EL Salvador president , then why not ask Him of who are those 2 countries that will accept bitcoin as legal tender?
but I'm afraid that this is just part of his shilling because he knew that if bitcoin made that high increase it is His country that will first benefits.
try not to engage in more positive thoughts because you might drop big when the market fall.

franky1

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looking at the price 8 years ago (~$400) to now (~$40,000) thats a 100x
bitcoin only needs to 25x to get to $1m a coin. so its not an out of reach goal.
especially when it doesnt need to leap that much each year

it only really requires each years price to increase by 1.5x
2022   $40,000.00
2023   $60,000.00
2024   $90,000.00
2025   $135,000.00
2026   $202,500.00
2027   $303,750.00
2028   $455,625.00
2029   $683,437.50
2030   $1,025,156.25

Welsh

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I'm not sure what responses you were expecting, however I can't imagine anyone on this forum will have a negative view about literally becoming either millionaires in eight years time or at least being able to afford a house without a mortgage in eight years.

Whether or not I think that's a realistic goal is another matter. However, something that I think will definitely apply to the vast majority of those that are currently invested is they'll likely sell before it reaches that amount, and therefore aren't very likely to benefit from it completely. Usually, its those that vow to keep their investment into Bitcoin for x amount of years or the hardcore holders that sit on it for a very long time that sell. Most investors aren't looking for the very long term, and will sell at lower amounts prior to it hitting one million.

batang_bitcoin

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In fact it was Cathie Wood from Ark investment that has predicted that it's likely that bitcoin will become $1M by 2030. Hopefully by that year, most of us still even hold 1 bitcoin. Because it is for sure that many will be tempted to sell when it hits $100k-$500k and even the other ranges close to $1m.
It is 8 years from now and if someone really is an holder, he can wait until that happens and what's more if you're wealthy already and waiting until that time comes isn't a problem?

TimeTeller

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Quote from: coupable on February 02, 2022, 05:34:00 PM

The whole crypto community expect other countries to recognize bitcoin during the next years. But no one can tell how many of them or when exactly.
When bitcoin reach the $1million, this means that it can replace all the dollars circulating in the world. I don't expect it to happen sooner though .

The bitcoin acceptance may flourish especially those countries that are still banning the use of crypto.
But I don't think it will reach $1M by 2030, though it will be 8 years from now.
But anything can happen in those 8 years, right now, just decide on what to do to increase your portfolio.
Let us be grateful that the exposure of crypto market is expanding and a lot of merchants are now starting to accept crypto in their payment method.

dunfida

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Quote from: Ripe_berry on February 02, 2022, 05:11:21 PM

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

Not to destroy your positivity but everything is still assumption and it wouldnt be happening until its been proved out but nothing is assured about $1M per coin by 2030 which is really a far off stretched.

Im not that negative but we shouldnt really mind off about those numbers and making yourself way too excited for things to happen.We are really coming into a point on where adoption and recognition rises

but we cant really be sure on where the prices could possibly land off and expect that this would be always a bumpy ride.

usekevin

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Quote from: uchegod-21 on February 02, 2022, 05:27:56 PM

If the price of btc exceeds $1million by 2030 maybe I will feel regretful and likewise many people. This time I use to blame people that met bitcoin 5 years ago why didn't they hodl. But it is not easy to hodl unless you are wealthy. There must be needs to spend the bitcoin at some points.

About countries adopting bitcoin, many countries may not make bitcoin a legal tender, but many countries will make the use of bitcoin lawful in their countries.

Bitcoin price was keep on low for now.The dump market is not a permanent one, we have to wait for the next pump.Holding is the key for the trading, most successful traders use it for the long term to get huge profit.The people who not hold before 5 years was struggling now with the money.The people who had invested and hold for 5 years was the greatest achievers now.Just holding will give you huge profit from the bitcoin.

aoluain

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The thread title is an interesting question?

I think we get accustomed to a market price very quickly, I mean $36,000 for one
Bitcoin is a fantastic price, just as $3,600 was back in 2017 and $360,000 will
be in the future. How will I feel when it hits $1,000,000? hard to know because
it will be a steady rise up to it and we will have gotten used to those high prices.
It will be an unbelievable milestone I cannot imagine it ATM.

Is the OP making a connection between Bitcoin being adopted in up to 5
countries and the increase in market value?

coupable

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Quote from: Ripe_berry on February 02, 2022, 05:11:21 PM

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

The whole crypto community expect other countries to recognize bitcoin during the next years. But no one can tell how many of them or when exactly.
When bitcoin reach the $1million, this means that it can replace all the dollars circulating in the world. I don't expect it to happen sooner though .

kawetsriyanto

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What do you really want to discuss here? It is about the price issue or Bitcoin adoption as a legal tender? Huh

If you want to discuss Bitcoin as a legal tender, you need to revise your title since it has nothing to do with the content on your thread. But if you want to discuss the possibility of BTC price in 2030, please adjust your content with the title. I don't see any sentence that tells us about the price possibility there. And please move your thread to the speculation section https://bitcointalk.org/index.php?board=57.0.

Anyway, I don't think Bitcoin adoption as a legal tender is a guarantee for Bitcoin price to increase massively in the future, even in 2030. So, we don't know whether the price to exceed $1 million, $2 million, or whatever the price.

uchegod-21

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BTC, a coin of today and tomorrow.

If the price of btc exceeds $1million by 2030 maybe I will feel regretful and likewise many people. This time I use to blame people that met bitcoin 5 years ago why didn't they hodl. But it is not easy to hodl unless you are wealthy. There must be needs to spend the bitcoin at some points.

About countries adopting bitcoin, many countries may not make bitcoin a legal tender, but many countries will make the use of bitcoin lawful in their countries.

arwin100

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Quote from: Ripe_berry on February 02, 2022, 05:11:21 PM

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

Of course we will be happy if that case happen especially if you hold a whole or more than that since for sure you will be fucking rich guy if that scenario came. But mostly its hard to expect any huge prediction since we still don't know on what will happen in future. But I believe for that timeline they give for sure we will see more series of great adoption so possibly we can see some great figures to achieve by bitcoin in future.

Ripe_berry

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If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

Topic: How will u feel if d price of 1BTC exceeds $1m by 2030 as its made legal tender - page 3. (Read 402 times)