Is 1 Bitcoin equal to half million USD?

Silberman

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Quote from: legendster on November 20, 2019, 05:42:18 PM

That is a bit strange given the fact that 2017 was known not only for a high btc price, but even more insane altcoin prices. ETH at $1k and even something as obscure as Experience Points (XP) had enormous value. About $800 worth of XP today was nearly $5000 back in Jan 2018 which was its peak price.

For me that was quite astounding to see a shitcoin doing so well. There are probably other better examples that I am unaware of.

Most likely this has to do with the fact that at the beginning the coin that you are more likely to buy is bitcoin and for that you need a bitcoin wallet, however once you understand that in this market there are many other coins other than bitcoin then you begin to invest in some of those coins, so even if in 2017 altcoins went up a lot more than bitcoin only a minority of investors decided to invest in them and after the market crashed many gave up on altcoins and are probably only holding bitcoin.

legendster

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Quote from: Wexlike on November 17, 2019, 04:35:40 PM

Quote from: bohr on November 17, 2019, 02:44:54 PM

Quote from: Barbut on November 14, 2019, 04:44:55 AM

Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

There are only a few million bitcoin holders around the world so we are still a minority, if we got that number to 10 or 20 millions the current value of bitcoin could easily go up to 4 or 5 times its current price but that will take time and even more importantly we need that people understand why we have bitcoin, they do not understand why we have a coin that does not exist physically and that is not created by the government or any centralized entity, but when the economy begins to have problems they will finally understand.

I truly recommend the following study when it comes to the number of people adopting the technology https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf

Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

That is a bit strange given the fact that 2017 was known not only for a high btc price, but even more insane altcoin prices. ETH at $1k and even something as obscure as Experience Points (XP) had enormous value. About $800 worth of XP today was nearly $5000 back in Jan 2018 which was its peak price.

For me that was quite astounding to see a shitcoin doing so well. There are probably other better examples that I am unaware of.

Wexlike

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Quote from: bohr on November 17, 2019, 02:44:54 PM

Quote from: Barbut on November 14, 2019, 04:44:55 AM

Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

There are only a few million bitcoin holders around the world so we are still a minority, if we got that number to 10 or 20 millions the current value of bitcoin could easily go up to 4 or 5 times its current price but that will take time and even more importantly we need that people understand why we have bitcoin, they do not understand why we have a coin that does not exist physically and that is not created by the government or any centralized entity, but when the economy begins to have problems they will finally understand.

I truly recommend the following study when it comes to the number of people adopting the technology https://www.jbs.cam.ac.uk/fileadmin/user_upload/research/centres/alternative-finance/downloads/2017-global-cryptocurrency-benchmarking-study.pdf

Research produced by University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

bohr

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Quote from: Barbut on November 14, 2019, 04:44:55 AM

Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

There are only a few million bitcoin holders around the world so we are still a minority, if we got that number to 10 or 20 millions the current value of bitcoin could easily go up to 4 or 5 times its current price but that will take time and even more importantly we need that people understand why we have bitcoin, they do not understand why we have a coin that does not exist physically and that is not created by the government or any centralized entity, but when the economy begins to have problems they will finally understand.

cryptoangel

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Quote from: barota on November 16, 2019, 08:32:51 AM

i think prices bitcoin can rise to those high level 100000 usd----250000 usd per btc in the future maybe after 2 year or less than. and for sure 1 bitcoin equal 500000 usd per btc if dont sell your bitcoin and you hold for long term ; there are some traders say 1 btc equal 1btc ; for this reason they are right

Bitcoin is a unbelievable growing coin on further years, It is acceptable so it will raise more than 50 percentage also possible on soon and your prediction is too much high on short term so investors are not accepted. I think once it will globalized we see some small pump and dump so we don't predict when it will possible on crypto market.

kanayaTabitha

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Quote from: barota on November 16, 2019, 08:32:51 AM

i think prices bitcoin can rise to those high level 100000 usd----250000 usd per btc in the future maybe after 2 year or less than. and for sure 1 bitcoin equal 500000 usd per btc if dont sell your bitcoin and you hold for long term ; there are some traders say 1 btc equal 1btc ; for this reason they are right

I've never found the logical analysis from crypto experts that bitcoin will reach that value in 2 years or less. I know that everything could happen in crypto even it could reach 1mil each bitcoin in the future, but to make a prediction we have to followed our prediction with some analysis so people will trust us and buying some. Anyway let's hope this come true and the holder's future will be bright

piebeyb

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Quote from: Subal_Damudar on June 04, 2019, 06:25:42 PM

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

2013 - 2017 from the price of hundreds of dollars to tens of thousands of dollars approaching around $ 20k, 2017 - 2021 I share the thought of what if the current lowest price of thousands of dollars is still below $ 10k so what if the lowest price at this time thousands of dollars will go where after 2021? is it possible hundreds of thousands of dollars, we can only speculate but the reality will answer every post that I write a lot in this forum

barota

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i think prices bitcoin can rise to those high level 100000 usd----250000 usd per btc in the future maybe after 2 year or less than. and for sure 1 bitcoin equal 500000 usd per btc if dont sell your bitcoin and you hold for long term ; there are some traders say 1 btc equal 1btc ; for this reason they are right

Febo

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Quote from: Subal_Damudar on June 04, 2019, 06:25:42 PM

Is 1 Bitcoin equal to half million USD?

Nope it is around $8500. Losing value slightly last week. Lets hope for the best in next weeks.

Capt00

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Quote from: arwin100 on November 14, 2019, 07:23:51 AM

Quote from: Barbut on November 14, 2019, 04:44:55 AM

Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

For sure there will be more people believe on it but we cannot eliminate the fact that it's impossible for Bitcoin to rise up to half million per 1 BTC since imagine how much market cap needed before we can get that and for sure volatility strikes and it will stop the rise since huge ehaled are earning with day trades nowadays. And also the manipulation is one of the factor that we cannot see that figure maybe we should guess a more lower price since it's the best figure to point on.

We can’t say that for sure most especially if bitcoin will experience full adoption, the price now maybe very far from the half million speculation but who knows it will really reach that amount in the next years. It is still to early to say it is impossible to happen because we are not in the future yet. Will cross the bridge when we get there, will just hope for the best.

el kaka22

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Depends on who you ask, there is not mathematical "worth" of bitcoin. Is it equal to half a million dollars right now?

It is not, right now it worth around 9 thousand dollars and that is all you can buy or sell it for, if you "feel like" it could one day worth that it is your own opinion and nobody has to agree with you, most people (almost all) do not believe it worth half a million dollars because if they did that would mean they would buy as many bitcoins they can to somehow make money, since they don't believe that they are not buying it at that pace neither so there is absolutely no way to know if bitcoin worth that much one day but we all know it doesn't worth that much right now, anyone who says otherwise is welcomed to buy my bitcoins from half a million dollars price.

arwin100

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Quote from: Barbut on November 14, 2019, 04:44:55 AM

Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

For sure there will be more people believe on it but we cannot eliminate the fact that it's impossible for Bitcoin to rise up to half million per 1 BTC since imagine how much market cap needed before we can get that and for sure volatility strikes and it will stop the rise since huge ehaled are earning with day trades nowadays. And also the manipulation is one of the factor that we cannot see that figure maybe we should guess a more lower price since it's the best figure to point on.

Barbut

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Quote from: Ziskinberg on November 13, 2019, 07:52:27 PM

Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

Full adoption means that demand will go to the moon, with so high demand the price should be very high too. It will take time to get there, and we need to be patient. This is a possibility, and many of us believe in that outcome in the future. We don't know the real value of Bitcoin, it can worth a lot one day, everything depends on that adoption and increasing demand, if that happens, we can see a very high price of Bitcoin.

Ziskinberg

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Nice math you have their, I could agree with that, and the price equivalent of BTC might just continue to increase once we hit that big adoption because we are not really talking about the total supply here but the circulating supply and its known to us that there are a big portion of supply already that is lost in circulation, so that would result to reduce of supply while the demand continue to increase.

milewilda

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Quote from: Ayiranorea on November 07, 2019, 10:21:10 AM

Quote from: Subal_Damudar on November 06, 2019, 05:57:43 PM

When i start this thread bitcoin price so low. now so high.. why is the price rising? anything new happened since I last log in?

You've created the thread five months back. In cryptospace five months is a good time period to experience big change. The market change this time has happened on the positive side, by the same time there are chances of negative trend. This is all associated with the increase in the real-time usage of cryptocurrencies as well as the positive speculations than the circulation of negative news associated with cryptocurrencies.

We can only say this thing because we have seen some increase on prices on that particular time frame but we know that these cases arent fitted out on yearly or from time to time. Try to compared on what happened on last year? Yes, we do see some sideways movements or tanking market for how many months passed.So we can actually presume
that reaching those high numbers arent really that realistic for us to hope for.We've seen countless speculations which leads to numbers which i dont even know on how they do
consider it out.

bohr

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Quote from: Subal_Damudar on November 06, 2019, 05:57:43 PM

When i start this thread bitcoin price so low. now so high.. why is the price rising? anything new happened since I last log in?

Nothing too significant has happened, but the price of bitcoin was simply too low and investors began accumulating it and this created an upward pressure and since so much time had passed investors were willing to take the risk of buying bitcoin once again, this changed the market sentiment and eventually the price grew very rapidly and now bitcoin is a lot closer to what I could consider its real price so there is not much of an advantage to buy it or sell it.

Ayiranorea

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Quote from: Subal_Damudar on November 06, 2019, 05:57:43 PM

When i start this thread bitcoin price so low. now so high.. why is the price rising? anything new happened since I last log in?

You've created the thread five months back. In cryptospace five months is a good time period to experience big change. The market change this time has happened on the positive side, by the same time there are chances of negative trend. This is all associated with the increase in the real-time usage of cryptocurrencies as well as the positive speculations than the circulation of negative news associated with cryptocurrencies.

Subal_Damudar

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When i start this thread bitcoin price so low. now so high.. why is the price rising? anything new happened since I last log in?

imstillthebest

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When there's no hindrances and other factors that prevents bitcoin to soar good pumps, that's possible to aim a very expensive price of half million USD per btc.

its possible for btc to reach that amount but it is impossible for btc to soar or pump without any hindrances .

not only on btc but on almost all of the coins there were many factors that could affect thier growth .

one of the popular factor is pure manipulation , you think the price rise or drops normally ? well think again . its not caused by a regular buy and sell but manipulation is done by huge whales . being volatile is nothing without these so called manipulations

yvesp110

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Quote from: Mahanton on August 08, 2019, 12:48:27 PM

Quote from: Subal_Damudar on June 04, 2019, 06:25:42 PM

So I was thinking.
According to Google, the 2013 estimates of total m2 money supply in US was 10.5 trillion. So if I owned 1 usd today that would be a so a very small percentage of the total number, yes?
But I can own 1 bitcoin today and that means I can own 0.0000048% of total btc supply..

If you think about it, 0.0000048% of total US m2 money would be 504,000 usd.. half a million

So can we say that 1 Btc = $500,000?

Lets discuss..

But the question is,would bitcoin would be valued or having an entire cap of 10.5 Trillion too? I don't think so and that's why making up such basis or comparison is senseless.

If we were lucky enough to see Bitcoin valuing around a million of half a million, the market cap of the coin will of course be very huge then. In trillions. If you follow John McAfee on Twitter, you would know from him that the coins will value half a million in 2020 otherwise he will eat himself. And mind you John has made a fortune in Bitcoins since the start and predicts stuff to a good precision.

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