I'm curious about your thoughts on when Bitcoin might hit $1,000,000

Nrcewker

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Quote from: demon3456 on March 16, 2024, 06:00:41 AM

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

I don’t get it, why people are worried about the price. I mean we know that Bitcoins are limited in numbers, hence it’s obvious that the price will go up due to the buy demand led by the traders. All we need to do is just to wait and watch when it will happen. But the time can be shortened if more people demand to buy the coins at faster pace. We can see that this is being already followed. Hence next bull run it might be possible.

Greyhats

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Quote from: TravelMug on April 27, 2024, 05:56:09 AM

Quote from: Troytech on April 18, 2024, 06:08:56 PM

I don't think I have enough bitcoin to be so excited that bitcoin would reach a sudden price of 1 million dollars, I'll be so disappointed cause I have not accumulated enough bitcoin and my 25% allocation from my weekly income into DCA would be so small that it can't be adding much value to my stash as It woudl be doing now, the last thing I'm anticipating right now is such a great price move. So before you make topics like this, make sure you have enough bitcoin to be anticipating such price increase, if not your no difference from a spectator that would be watching bitcoin make history.

Why would you be disappointed though? I mean it already means success for Bitcoin it if hits $1 million. It's just to bad that you don't have any but still there are majority that have a lot or little and so it will be cause of celebration of it hits that price, similar to what we are going to see when the price hits at least $100k in this bull run. And it's not that too late to accumulate BTC mate. Just start small, you don't need to but 1 BTC right away. Again, you have mentioned DCA already and so that is a good strategy for us regular and average joe and working very hard to at least get .1 BTC in our lifetime.

Agreed when Btc hits a mil/1btc I don’t think I will be accumulating phase any more. It’s a few cycles out should be in maintenance mode selling small amounts to cover day to day stuff. Even if you started to dca today I still believe you would be in maintenance mode by the time 1mil hits

We are still early Wink

TravelMug

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Quote from: Troytech on April 18, 2024, 06:08:56 PM

I don't think I have enough bitcoin to be so excited that bitcoin would reach a sudden price of 1 million dollars, I'll be so disappointed cause I have not accumulated enough bitcoin and my 25% allocation from my weekly income into DCA would be so small that it can't be adding much value to my stash as It woudl be doing now, the last thing I'm anticipating right now is such a great price move. So before you make topics like this, make sure you have enough bitcoin to be anticipating such price increase, if not your no difference from a spectator that would be watching bitcoin make history.

Why would you be disappointed though? I mean it already means success for Bitcoin it if hits $1 million. It's just to bad that you don't have any but still there are majority that have a lot or little and so it will be cause of celebration of it hits that price, similar to what we are going to see when the price hits at least $100k in this bull run. And it's not that too late to accumulate BTC mate. Just start small, you don't need to but 1 BTC right away. Again, you have mentioned DCA already and so that is a good strategy for us regular and average joe and working very hard to at least get .1 BTC in our lifetime.

Fatunad

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Quote from: Troytech on April 18, 2024, 06:08:56 PM

I don't think I have enough bitcoin to be so excited that bitcoin would reach a sudden price of 1 million dollars, I'll be so disappointed cause I have not accumulated enough bitcoin and my 25% allocation from my weekly income into DCA would be so small that it can't be adding much value to my stash as It woudl be doing now, the last thing I'm anticipating right now is such a great price move. So before you make topics like this, make sure you have enough bitcoin to be anticipating such price increase, if not your no difference from a spectator that would be watching bitcoin make history.

There would really be those people who are really that optimistic when it comes to he price on which they would really be setting out those bars high on which they are really that expecting that each
coin would really be able to hit up a million per coin on which we know that this is something that cant be easily achieved. There's no way that we could really be able to know on whats the future
and this is why any speculation or price approach or guessing out would really be that something valid on which we know that we do have our own perceptions and insights towards things
on which neither it could be ended up on being that realistic or non realistic ones.

This is why it would really be that best that you should really be making yourself that realistic over things so that you wont really be finding yourself
that expecting or anticipating or something that too positive towards price that we dont even know if its really that happening or not.

Troytech

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I don't think I have enough bitcoin to be so excited that bitcoin would reach a sudden price of 1 million dollars, I'll be so disappointed cause I have not accumulated enough bitcoin and my 25% allocation from my weekly income into DCA would be so small that it can't be adding much value to my stash as It woudl be doing now, the last thing I'm anticipating right now is such a great price move. So before you make topics like this, make sure you have enough bitcoin to be anticipating such price increase, if not your no difference from a spectator that would be watching bitcoin make history.

livingfree

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Quote from: AirtelBuzz on April 16, 2024, 03:25:11 AM

The price of Bitcoin $1000,000 dollars is not an easy matter. So far, the price of Bitcoin has not reached 1000,000 dollars. Many hope that maybe after bitcoin-halving it is possible but not sure. You have predicted that Bitcoin may be worth $100,000 in 2035 but I think it may take longer than that for Bitcoin to reach $1,000,000.

We've tested and thought it back on 2021 but it's not enough and $69k was the peak. This time, we're so close on it that we need more than 25% for it to hit that $100k goal.

Reasonably, the price of $100k-$120k is doable for this cycle. But a huge parabolic move might even get close to $200k and $1M for this cycle is not yet the time for it.

2 halvings, might not be enough again though. Those that are saying that it can happen on 2030 and above, that might be a safe bet but we don't know what will happen for the next years to come. All of the possibilities are there, can happen early or later, no one can answer that exactly.

Onyeeze

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For me I will say that all this this things is a speculation because I don't think that your point of view can be achievable this year many people have been making different speculation based on the price of Bitcoin so which we don't really know what the price of Bitcoin will hits on before ending of this year, so in my opinion I don't think that it is proper for someone to I can knowledge speculation of people you might be follow the research and observation of people and you enter the wrong way in cryptocurrency investment especially Bitcoin so what I'm trying to say that we should do make our own research to know the next price of Bitcoin before we can conclude

AirtelBuzz

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Quote from: Out of mind on April 16, 2024, 03:07:33 AM

Quote from: demon3456 on March 16, 2024, 06:00:41 AM

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

Bitcoin needs a lot of time to reach $10,00000. Until now the price of Bitcoin has not reached $100k. If Bitcoin doesn't reach $100k by now, it will take many years to reach $10,00000. As we have been going through Bitcoin ETF disruptions for the past few years, we must wait more if there are any further disruptions. But I think bitcoin price won't reach 1 million dollars before 2030 to 2035. Everyone here expressed their personal opinion, so I also expressed my personal opinion, hope I can see the price of bitcoin according to my target.

I think the price of bitcoin does not rise according to anyone's target, we can only imagine or predict that the price of bitcoin can be so many dollars. In fact, everyone likes to make predictions about the coins of the crypto currency market, but the predictions of many of them are coincidental. We have seen this year after the approval of Bitcoin ETFs helped the price of Bitcoin to touch all-time highs. We currently saw a large market correction after the Bitcoin price surge that may have been so dumping for the temporary war in the Middle East. Moreover, we will face the four-year cycle of Bitcoin within this week, and Bitcoin price may fall due to that.

The price of Bitcoin $1000,000 dollars is not an easy matter. So far, the price of Bitcoin has not reached 1000,000 dollars. Many hope that maybe after bitcoin-halving it is possible but not sure. You have predicted that Bitcoin may be worth $100,000 in 2035 but I think it may take longer than that for Bitcoin to reach $1,000,000.

Out of mind

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Quote from: demon3456 on March 16, 2024, 06:00:41 AM

https://whalealertz.com/bitcoin-forum/Hey+everyone%2C+I%27m+curious+about+your+thoughts+on+when+Bitcoin+might+hit+%241%2C000%2C000.+Any+predictions+or+insights%3F .. i found this topic on whalealertz.com.. whats your opinion?

Bitcoin needs a lot of time to reach $10,00000. Until now the price of Bitcoin has not reached $100k. If Bitcoin doesn't reach $100k by now, it will take many years to reach $10,00000. As we have been going through Bitcoin ETF disruptions for the past few years, we must wait more if there are any further disruptions. But I think bitcoin price won't reach 1 million dollars before 2030 to 2035. Everyone here expressed their personal opinion, so I also expressed my personal opinion, hope I can see the price of bitcoin according to my target.

Reid

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Wait. The $100k guy predictor has not yet achieved his goal. Let's wait for that to happen before we go to $1 million. Because that's a lot of money. 10 times the what said to be a crazy predictor because it won't happen, they say.
What you are trying to achieve here is still so far. ETF came and we have not seen a boost that would blow our minds. We still have to wait as the SEC will also try to prevent that from happening.

ajiz138

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Quote from: moneystery on April 12, 2024, 01:30:12 AM

i don't have high expectations that bitcoin will reach 1 million usd, maybe it will happen, but it will probably happen a long time from now. but if it really reaches 1 million usd, it will be new history for bitcoin because so far many people underestimate bitcoin and think that it will fall.

I foresee when I become a grandfather. LOL

Until now the price of bitcoin is still difficult to 3 digits although optimistic $100K will definitely be soon but this will take more time and it is possible that the price will be the highest let alone $1,000,000 it is too early to talk about it.

How can a bitcoin influencer say it's $1,000,000 he's talking out of his ass just to create fomo, but I don't dismiss that prediction because maybe the future will surpass it.

YOSHIE

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Quote from: demon3456 on March 16, 2024, 06:00:41 AM

I'm curious about your thoughts on when Bitcoin might hit $1,000,000

If I'm not mistaken, Bitcoin experiences changes every four years, which is often called halving, we have seen several of these phenomena occur and are felt by everyone in this world, especially those who know about Bitcoin.

And we have seen several halvings that have occurred. Bitcoin has not yet reached the $100k level, it may take several more halvings to reach $100k, but there is nothing wrong with many experts, investors, Bitcoin users and so on give their respective opinions in terms of Bitcoin speculation and predictions, meaning that Bitcoin is expected to reach a price that many people never expected or imagined.

To reach a price of $1000,000/ is not impossible and not impossible for Bitcoin, but if I speculate it will take a long time to reach that price, maybe we will miss 10 more halvings to reach it or maybe more, I'm sure Bitcoin will reach a price of $1000,000/maybe those of us here can't see it anymore, either we're all old or dead or maybe the ones who feel that price are our children or grandchildren, if they know about Bitcoin.

BrewMaster

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we have seen so many FOMOs in bitcoin scene and most of them have been so big. based on that we can say with confidence that a big rise in a short time to reach $1000000 is definitely in the realm of possibilities.

the only thing remaining to predict is when the FOMO will begin.
based on my experience, such big FOMOs begin when a major resistance is broken. a kind of resistance that has created psychological barrier too. something like $100k has that potential.

moneystery

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i don't have high expectations that bitcoin will reach 1 million usd, maybe it will happen, but it will probably happen a long time from now. but if it really reaches 1 million usd, it will be new history for bitcoin because so far many people underestimate bitcoin and think that it will fall.

Mate2237

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Quote from: franky1 on March 16, 2024, 10:11:47 AM

so 2025 = $140k(2x)-$210k(3x) rational expectation
so 2029 = $280k(2x)-$630k(3x) rational expectation
so 2033 = $560k(2x)-$1.89m(3x) rational expectation
so 2037 = $1.2m(2x)-$5.67m(3x) rational expectation

I saw such information at somewhere so I was looking for it when I came across this your comment. And this explanation is good to know about the future prediction of bitcoin. I think this can also help the op question. And add it to what you have in the subsequent years again. Bitcoin will hit.
2041 = $2.6m and
2046 = $3.1m and the trend continues like that until generations pass out and new generations will come and continue the investment.

darkangel11

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A lot will depend on this bull market. If we go to $300k this time by the end of 2025, we might have a chance at 1m after the next halving in 2028, but if we don't then maybe it's going to take another 8 years.
That's still bullish. We're talking about bitcoin going up by more than 900k in the next 10 years. It feels like a long time but I don't know anything that my parents bought that went up in price by 1000% in the last 20 years, apart from bitcoin of course, so achieving that with any investment is almost impossible.
I'm sure that we'll reach $1m at some point due to inflation because fiat money will lose so much value that everything will go up but it might take decades.

AakZaki

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The bitcoin market is quite speculative and has many predictions on the price of bitcoin.
Everyone can make their own predictions and state that bitcoin can reach ATH $1,000,000 and even more than that. This is just speculation and even though all circumstances can change, it can be achieved sooner or later than predicted. but expecting prices that are too high will make someone forget about their profits and only focus on achieving high prices so that there will be no targets in the near future.

Nothingtodo

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So far Bitcoin hasn't crossed $100k so no one can give a clear idea if a million dollars will be in ten years time. But before 2030 maybe Bitcoin can exceed 500k dollars. However, many big experts predict that Bitcoin may reach one million dollars before 2030.

fuguebtc

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Quote from: redsun114 on April 09, 2024, 01:15:53 AM

Quote from: fuguebtc on April 07, 2024, 06:06:00 AM

It is true that bitcoin is becoming a new trend and receiving a lot of attention from people around the world, but let's not ignore the scenario that in the coming years there will be a better currency than bitcoin created and it will surpass bitcoin. So what we should do is enjoy the present moments, don't think too much about things that haven't happened in the distant future. My immediate goal is to still take profits in the upcoming bull season and I will base my next plans on the market situation.

That's a possibility because we can't know what might happen in the future, however, even if there is no other asset or technology created that surpasses Bitcoin and its popularity, it would still not be easy for it to reach $1m because for that to happen, Bitcoin would need a lot of adoption and a huge inflow of investments because the price only increases when there is high demand and that demand would only make it go that high if there are more and more money being invested in it.

The current market cap of Bitcoin is a little above $1.3T when the price is around $69k, so for it to reach a price of $1m, it will need to have a market cap of more than $18T or something and that is huge. So, we might not be able to see that happening very soon even though it might not be impossible.

Many people only look at bitcoin supply and price to make paranoid predictions, and they never think about bitcoin's capitalization. It took gold more than a hundred years to reach a capitalization of 15 trillion, and the stock market is the world's largest financial market with a total capitalization of more than 90 trillion. It is an illusion that many people think that an asset that is not widely popular or has not yet been accepted worldwide can reach a capitalization of 18 trillion USD. You're right, it's not going to happen anytime soon and at least in our generation, it's not likely to happen.

NeuroticFish

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Quote from: Moreno233 on April 09, 2024, 09:38:58 AM

The inflow following the ETF approval will surely continue to come but not as but not as massive as before. I am thinking that the ETF effect have already been felt.

While I agree that ETF was already felt, imho that market is by far not yet saturated.
Some may even give the example of gold (i.e. a lot of years), but nowadays the things move much faster. Still not just months.

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