If anyone had actually read the article, he is comparing Bitcoin to gold. He is basically saying that if Bitcoin reached just a third of the money in gold we would be at $1 million each.
Just like it was said before. If you take a % of a huge industry, you can get some interesting numbers.
The great thing about Bitcoin is we will be taking a % of gold, Western Union, credit cards, payroll services, etc...
plenty of potential
Topic: RAOUL PAL: Bitcoin Is Worth $1,000,000 - page 2. (Read 3845 times)
total bitcoin or one bitcoin?
one bitcoin will never reach 1 million $, let's focus on the 10k $
one bitcoin will never reach 1 million $, let's focus on the 10k $
I have done a calculation before that if all fiat was pooled into Bitcoin one Bitcoin (after all are mined) would be worth 2.6m$, total bitcoin market cap is currently already at $ 5.2 Billion $.
Yah, exact analogs don't exist. It would be nice if they did and you could just bang in numbers and come up with "Bitcoin is worth $15,763.24" ... and get the same answer twice.
One thing to bear in mind though is that the Internet is still in an economic expansion phase, 8-10% per year, so any gains of BTC in penetration on internet, get amplified by that also.
One thing to bear in mind though is that the Internet is still in an economic expansion phase, 8-10% per year, so any gains of BTC in penetration on internet, get amplified by that also.
These financial people are inventing formulas to value bitcoin.
The best ones I've see, use gold's supply/demand as the closest comparison.
I don't think any model is close enough to be predictable.
BTC valuation will be somewhere between 0 and 1,000,000.
The best ones I've see, use gold's supply/demand as the closest comparison.
I don't think any model is close enough to be predictable.
BTC valuation will be somewhere between 0 and 1,000,000.
Well I'm sure if you were trying to "sell" internet to anyone in 1990, telling them it would have an effective "GDP" of 2 Trillion by now they'd be yelling ponzi.
To dA Mars!
total bitcoin or one bitcoin?
one bitcoin will never reach 1 million $, let's focus on the 10k $
one bitcoin will never reach 1 million $, let's focus on the 10k $
Who is this headline chasing idiot? We should talk less and focus more on getting stuff moving. these kind of predictions are what make btc look like a ponzi scheme
Lets pray and wait then.
Within the next 5 years bitcoin has the potential to cross 100.000$ dollars . Im not sure about 1 million yet but for that it will take at least 10 more years.
really? only $1,000,000? this is loooooook down on Bitcoins, at least $1,000,000 / BTC
Probably what's keeping it down is that it's so "cheap" to mine. Someone wanna project that, hashrate growth at 20% a month, presuming we've caught moores law, electricity at 4 cents a kilowatt, reward halving in 2 years, how long before 1 BTC is a million to mine?
Its going to be an exciting ride I don't think it will happen for until a couple of years have past though.
As my more persistent stalkers have probably noted **waves** ... I've said this before... any restricted field or use you can think of for bitcoin, like, only online commerce, or only a reserve currency, you spitball a few percent penetration into that space, and the numbers go ballistic.... if it took 20% of everything it could possibly do, a million will look like chicken feed... it's a bit of a problem since it makes it all rather unbelievable.
Kinda makes you think of this...
http://en.wikipedia.org/wiki/Stanford_marshmallow_experiment
Do I take a piddling few thousand now, or wait x years for the biggie.
Kinda makes you think of this...
http://en.wikipedia.org/wiki/Stanford_marshmallow_experiment
Do I take a piddling few thousand now, or wait x years for the biggie.
Great! Well, buy my coins then. More than happy to sell some 
I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.
I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.Watch the interview and add substance to this discussion instead of replying compulsively like a 13 year old.
If it is worth that sum, I'd happily sell some for half the price, right now.
Predictions are meaningless without a time frame.
If bitcoins are going to be worth that much in 2400 AD, I really couldn't care less.
If bitcoins are going to be worth that much in 2400 AD, I really couldn't care less.
Some people do not like wasting time on useless things as that.
If it is worth that sum, I'd happily sell some for half the price, right now.
If it is worth that sum, I'd happily sell some for half the price, right now.
Why would someone buy yours for half a million when there are others letting theirs go for less than $400?
Bitcoin is worth 1.000.000$. Maybe in the next 20 years, because now it's impossible to reach that value ! Naturally I hope that this will happen
Great! Well, buy my coins then. More than happy to sell some I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.
I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.Watch the interview and add substance to this discussion instead of replying compulsively like a 13 year old.
If it is worth that sum, I'd happily sell some for half the price, right now.
Right. They prefer to waste their time trolling. Got it.
Great! Well, buy my coins then. More than happy to sell some I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.
I'd be willing to settle for $900000. Hell, make it $800000! But no less, I don't want to be screwed over here! But honestly... Who knows where we will be in a couple of years. We could also be at $0.10 again... But I don't think it is very probable.Watch the interview and add substance to this discussion instead of replying compulsively like a 13 year old.
If it is worth that sum, I'd happily sell some for half the price, right now.
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