Topic: Is 1 Bitcoin equal to half million USD? - page 2. (Read 1084 times)

Our understanding of cryptocurrencies is still imperfect. We know the maximum number of Bitcoins  (21 million) and the velocity of circulation of major currencies. However, we do not know how widely Bitcoins will be distributed in the future, how often operations with them will be performed, and for what purposes they will be used. Thus, Bitcoin can cost 20 dollars but half a million can be also a possible price.

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.

Everyone with their level of satisfaction, to him it might be a dream come true because he probably invested at a very low value which I agree with him that it would be greedy of anyone that invested when bitcoin fell to like $4000 to still not be satisfied with the current development of bitcoin.

We can understand with some people that bought at a very high rate, most especially those that bought when the value was at its All-time high some years back, they probably would never see this as a satisfactory price because their investment is still tied to a particular value and until they see that value before they can start having the mindset same as him too, I guess you must be among the ones that invested at peak, your dream can also become a reality too.

I don't see very strong resistance of governments against Bitcoin. In a nutshell, as long as Bitcoin isn't forming a direct threat to their fiat currencies, which it currently doesn't, they will not try to stop it through legislation. Bitcoin's digital Gold nature is perfect to have it grow further. It will be a useful tool for governments as well.

Constant manipulation? How? Where? Can you list one actual fiat to Bitcoin exchange where this manipulation is happening at? The only obvious form of manipulation happens on unregulated shitcoin exchanges through wash trading and altcoin pump and dumps.

So many people complaining about manipulation yet not one single breakdown of what this manipulation is.

Given the strong resistance of government representatives from different countries, the price of Bitcoin may never rise very high. Constant manipulation and resistance may prevent the price from rising to $500 thousand. But I belong to those people who believe that the price of Bitcoin can reach $1 million in a few years.

An interesting calculation, it looks realistic and, in principle, the price of Bitcoin can rise to this level and it is quite possible that the global crisis will contribute to the adoption of Bitcoin, but this is only an assumption. A Bitcoin price of around $50,000- $60,000 looks more realistic for a year or more.

bitcoin and conventional money are not the same although both can be used for transactions. so, if you calculate that 1 bitcoin = $ 500K is very unlikely. I say this because the source and total supply of the two are very different. but if is only your dream, i accept it cause this is my dream and hope too ^^

That might be a dream come true for you, but not for me. Till bitcoin is $50000 before i can say that it is a dream come true.

That's really a big value for a single bitcoin. However high the demand, such a increase in value will not be reached. If that's reached surely there will be huge opposition from the governments fearing it might cause some negative impact on the economy of the country. Moreover after mining the miners gets rewarded for the transaction, and for frequent use people expect fair fee. If the fee increases the usage will decrease. This way more contradictions were there to have the price within specific price.

I can't see calculations like this make the benchmark that the price of bitcoin can be that high. because calculations like you do for me are confusing and of no relevance. bitcoin calculations are already moving on their own.

tHE CALCULATION SHOWN HERE IS ASSUMPTION, AS BITCOIN IS HIGHLY VOLATILE AND WE CAN'T PREDICT IT; IT CAN MOVE FROM HALF MILLION TO 1 MILLION ANY TIME

No, 1 bitcoin = 1 bitcoin

Why the fuck is fiat still relevant? Have you learned nothing?
Watch for 7 minutes. Bitcoin: Beyond The Bubble - Full Documentary. https://www.youtube.com/watch?v=LszOt51OjXU

Ignore Milton Friedman at the start he does not exist anymore anywhere because of his ignorance. Fucking human turned orc turned goblin turned nothing.

For people who invested in bitcoin when the price was well below a thousand dollars it is a dream amount, the million dollar valuation dream comes from people who missed the boat, i am lucky enough to accumulate the coins when the price was really low and i am glad i made my decision to hold the coins for the long term and not everyone made those decisions in time and if they enter when the price is already high the only dream they can see is the price of bitcoin reaching those crazy valuation to have the same amount of profit earlier investors had and so is the main reason we see those kind of predictions quite often. I am not expecting the price to reach those valuation anytime soon.

Multiply that by 2 or 3 times, that can be easily achieved by 2020.

$11,000 is already a dream come true.   No need to be greedy.

That calculations are wrong bro.You can do magic theories,But bitcoin going with exchanges market rates.If you are theory is correct you should able to get a half of million USD,when you selling the bitcoin.Can you get that? They only pay current market prize.Which going up and down bitween 10K-13K.

hey mate and nice to meet,

when you say this : Yes but the supply here is limited, much more limited than any natural resource. In the diamonds industry what they did was create an artificial short supply of diamonds.

i get it and you are right 100% but the are diamonds that can be created in lab which i didnt talk about, i talk on very few ** rare diamonds real which was founded on this planet and tried to explain what happen to price in different situation. but you right 100% there is inifinty of diamonds that created in lab.

and yes bitcoin is limited like real diamonds and gold BUT ... there is equation that can show that relative to gold and diamond the supply of bitcoin is far away rare and low, ask math teacher.

it cannot be balance its only will go up it cannot go the other way bro just cannot Smiley


diamond and gold have value because x amount of people agree on this and this have limited supply BUT...

bitcoin:
1. have much less supply then gold/diamond and limited supply
2. its store of value and cash
3. peer to peer -->> here is the real value of bitcoin we can send money to each other wihtout middle man its put all the banks and paypal and other shit out of the game.

fucking unbelivable yehhhhhh

then you say: Here since everything is automatic and is decentralized then something like this would be really hard to be accomplished, that without mentioning the moral aspects of the decision.

Everything here will eventually balance, and the supply will be a lot less than the demand eventually.


this answer to much general and not specific and dont have direction to what lead this statement,,,,,,lets look why: by this we train each other have more sharp logic...

we go in parts from your last statement:

you say: Here since everything is automatic and is decentralized then something like this would be really hard to be accomplished,

my answer: yes its automatic and decentralized and why it will be hard to accomplish???  look on peer to peer file sharing its the oldest tech out there and while other techs was die and new come and other things changed peer to peer file sharing only was growing like monster....i will hint the future is peer to peer in almost in anything....so i dont understand why it will be hard to  accomplish and how its connected to the diamond example.

otherwise history will show different results , when centerlized tech info was everything was download from few main servers , not think how much powerful this servers need to be to hold 1b computers download software and mp3 and movies and other shit, not talking about security aspect which is very critical in ceneterlized tech....compare to decentralized tech where everything is spread...the most close answer after trying to understand you in this.

then you say: Everything here will eventually balance, and the supply will be a lot less than the demand eventually.

something very wrong with this statement because balance cannot be in this equation lets look why??

supply for sure is very low of bitcoin compare to gold/diamonds(relative) and it its not only store of value its also cahs which surge the price only from this factors and make it less balance until it will get to the pick which is huge astronomical number,

when you say: supply will be a lot less than the demand eventually.

the supply already lower much more then demand because there is only 21 million coins mate, so i dont get the direction of this statement.

i will sum it bro remember we learn from each other Smiley

bitcoin its not only store of value like gold/diamonds which mean selling rate fro gold and diamonds always will grow with the time because you cannot buy cars,clothes,houses and other shit with gold/diamonds and this is why the value over time will have down curve time ask any expert economist,

compare to bitcoin which is store of value and CASH system which mean very** soon startups like zeex and another one which come from japan will lower the selling rate of crypto overall and will surge the prices up compare to gold and diamonds which always need to be sold in order get value that accepted everywhere(cash called), and the rate of selling daimonds and gold will always grow up and all the gold and diamonds(to much) never can be sold which mean alot of people stuck with them which also hurt the price per gold/diamonds,,,,

so this kind startups going to kill the selling rate of crypto which hurt this industry,  and this effect going to surge the prices up very high(only low supply coins)

when this effect happen when the selling rate go to zero level and surge the prices of low supply coins its give the illusion that demand grew but demand didnt grew its because the selling rate was fall drastically because people dont convert it to paper money like gold and diamonds, they buy with it directly

and this effect surge the prices up because you dont sell them you exchange sound very close but very different, and why it give the illusion that demand grew and in reality demand didnt grew its because price almost always grow when there is huge demand.

so this one effect which affect on the price of crypto selling rate which will go to zero very fast,

then in the same time demand is going to bombard i mean to explode why??? i dont tell i leave to other play with this factors and their logic and train the mind because its between the lines why demand going to surge also...

i will give hint 8-9% inside this game of crypto  so crypto is very samll kid compare to age humen like 9 months kid ...but why demand going to explode i will not answer but the answer is between the lines

all this effect work on small supply coin only not satble coins and huge supply project with billions of coins

..
 

It might come true someday but it will take more time to get to that value and i strongly believe that it will gonna happen someday at least we are still alive to witness it. Bitcoin is the future if you are planning for long-term investment and this half a million dollar for a single Bitcoin will come true someday. Today it's just a dream that we keep on praying that might happen soon.

I think there is a possibility someday that this dream will turn into reality all of us will become maillionaires. 1 BTC is $500,000 this is wow awesome. But its all depend on the demand and supply of the cryptocurrency coin like bitcoin when the demand is high there is a chance that there is a lot of buyers and investors. When the supply is not enough the price will go down. There is a thing called risk when it comes to this kind of money.

Hey
First thing you need to think about the first and foremost rule that is *the buying and selling influenced by the demand and supply rule * the market value is influenced by the demand and supply rule which actually states how high or how low it trades at a particular time .
You can even buy and sell the same amount of Bitcoins for varied number of amount in fiat.
You should understand that what you just did isn't right , this way most of the people out here are millionaires.