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Topic: The $1 Million Dollar Bitcoin - page 11. (Read 25652 times)

newbie
Activity: 2
Merit: 0
December 11, 2016, 12:09:47 PM
It is clearly impossible, even hit 10000$ is really difficult. With an explosion of development, the bitcoin could grow fastly but not enough to reach this barrière. And it would take lots of time ! Anyway, 10000$ is already really good and it is a good goal but 1million per bitcoin is out of range Shocked
legendary
Activity: 2436
Merit: 1366
December 11, 2016, 11:59:12 AM
Even with really great development, legalizing process and community support,
1 million dollar for a coin is tooo much. I believe it can even see like 20000-25000 or even $50000. But 1m? I am clearly sure i wont be alive even if it happens.
full member
Activity: 140
Merit: 100
December 11, 2016, 11:51:56 AM
No i dont think that it will even happent look this price 1 million dollar or half million dollar is too big i think that then everybody who own bitcoin now will be rich and buy some hotel for sure profit.Bitcoins is denied with countries law so that i s another reason for that.
sr. member
Activity: 354
Merit: 250
December 11, 2016, 11:49:30 AM
I think about 1M every 21 btc, so... 47.619 $ (50k$)
sr. member
Activity: 672
Merit: 250
December 11, 2016, 11:14:59 AM
It's unbelievable, but it may happen if someone has, then he play a ga!bling, 1 bitcoin may be increased at $1,000,000 if he/she are lucky.  Grin Angry Cheesy Undecided

That is not the question that if is it possible to earn that much with just 1 bitcoin, but the question is whether bitcoin can reach that price, and i guess that is not going to happen so soon, it may happen if bitcoin survives for next 50 or more years and i don't know any of us will make it till then to see this thing happen.
hero member
Activity: 1106
Merit: 521
December 11, 2016, 11:09:10 AM
For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

i dont see that a 21 trillion market cap is all that hard to achive in this day and age.  it could easily happen in the next 30 years.
newbie
Activity: 56
Merit: 0
December 11, 2016, 07:00:07 AM
It's unbelievable, but it may happen if someone has, then he play a ga!bling, 1 bitcoin may be increased at $1,000,000 if he/she are lucky.  Grin Angry Cheesy Undecided
hero member
Activity: 994
Merit: 544
December 11, 2016, 06:54:51 AM
What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.

If people do not trust the US dollar and the US government has to borrow bitcoin to fund the running of the states, the bitcoin price will be higher than $1 million.

Even without the government action, bitcoin can still achieve the targeted 1 million dollar bitcoin price. A big-time Chinese miner even said in one interview that it is possible for bitcoin to hit the 1 million dollar per bitcoin.

With bitcoin accepted on schools and the increasing number of users that huge price will be reached 5 years from now.

That is my dream and I want that to happen.
sr. member
Activity: 271
Merit: 250
December 11, 2016, 06:33:03 AM
What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.

If people do not trust the US dollar and the US government has to borrow bitcoin to fund the running of the states, the bitcoin price will be higher than $1 million.
hero member
Activity: 938
Merit: 500
November 29, 2016, 11:43:18 AM
What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.
hero member
Activity: 1918
Merit: 564
November 29, 2016, 11:16:15 AM
At first glance I think it is impossible for bitcoin to reach 1 million Dollar but, learning the units of bitcoin, and the span of mining, somehow something is trying to convince me that it is possible.  That is if the price of 100 satoshi equals 1 USD. Im talking about global adoption here and the ratio of bitcoin to every citizen of the world. And obviously I am not talking about 10 years from now.
sr. member
Activity: 406
Merit: 250
Wolf
November 29, 2016, 11:01:08 AM
I don't see it happening in our time but the possibility might increase after a thousand of years when people no longer use paper money but uses cryptocurrencies instead and of course when bitcoin had a massive usage/adoption .

sr. member
Activity: 672
Merit: 250
November 29, 2016, 10:53:57 AM
I don't know if this is possible,if this happen we'll have a lot of rich people here  in our community ,my prediction is the highest it could go is $50,000,provided that adoption is continuous and more market for Bitcoin and of course no problem among miners.

Even if the price reaches to what you are predicting it would still be a great success for bitcoin i guess, we can see how stable the price becomes at times, no matter how it is being used, if there isn't any enormous adoption the price does not move too much, so maybe some great adoptions would make the price skyrocket sometime in future.
hero member
Activity: 994
Merit: 544
November 29, 2016, 10:45:27 AM
I don't know if this is possible,if this happen we'll have a lot of rich people here  in our community ,my prediction is the highest it could go is $50,000,provided that adoption is continuous and more market for Bitcoin and of course no problem among miners.

It is possible that it could reach the highest price at around 1 million dollars per bitcoin. Its not coming from me but from a famous Chinese miner who announced the possibility of bitcoin reaching that high price is very possible. The problem to be asked is when, we dont know yet, I am waiting for that moment thats why Im saving some of my bitcoins on my wallet hoping that day will come.
sr. member
Activity: 812
Merit: 252
November 29, 2016, 10:43:53 AM
I don't know if this is possible,if this happen we'll have a lot of rich people here  in our community ,my prediction is the highest it could go is $50,000,provided that adoption is continuous and more market for Bitcoin and of course no problem among miners.

I would like to see that happen and the price reach that level, but I don't think so. If that happen, the board name will change for bitcointalk for bitcoinblinkblink Wink

My estimate is better to see one day at the time and have fun using it and accumulate this good asset.

legendary
Activity: 3416
Merit: 1225
November 29, 2016, 10:12:16 AM
I don't know if this is possible,if this happen we'll have a lot of rich people here  in our community ,my prediction is the highest it could go is $50,000,provided that adoption is continuous and more market for Bitcoin and of course no problem among miners.
sr. member
Activity: 271
Merit: 250
November 29, 2016, 03:17:32 AM
Well i doubt it will happen, bitcoin were the first crypto currencie, and the decentralization has allowed it to grow and take control over crypto world, i do believe bitcoin can achieve 2000-5000 dollars on the next 20-40 years, but to bitcoin reach above values all companies and merchants must use and accept bitcoin, otherwise it wont reach such values.

The bitcoin has good momentum. So if there is nothing wrong with the development, the  price will keep on rising.
hero member
Activity: 756
Merit: 501
November 20, 2016, 09:09:53 AM
Well i doubt it will happen, bitcoin were the first crypto currencie, and the decentralization has allowed it to grow and take control over crypto world, i do believe bitcoin can achieve 2000-5000 dollars on the next 20-40 years, but to bitcoin reach above values all companies and merchants must use and accept bitcoin, otherwise it wont reach such values.
hero member
Activity: 1414
Merit: 505
Backed.Finance
November 20, 2016, 08:37:00 AM

that's my thoughts too. if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol. Cheesy

That for sure  Grin basic comodities will rise, buying soda at $50,000 dollars? LOL Montly Apartment @ $500,000?  I think it will not happen in our life,if it will gonna happen.Maybe in another 1000 years and possible it is not calld bitcoin already...
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
November 20, 2016, 04:56:52 AM
if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol. Cheesy
I do not think so. Because when bitcoin price keep on moving to higher price levels people will sell of their bitcoins from time to time with the respect to their profit levels. So, all the 1 million profits will not go to a single person (except few long-term holders).
So, it is highly unlikely to create imbalances

If your words were true, there wouldn't bubbles with the inevitable collapse that follows when they pop eventually. If the price of Bitcoin keeps on moving higher and higher, people selling their bitcoins are irrelevant because the price is still going up, so the imbalances keep on accumulating and piling up as well. Any bubble is essentially a huge pile of imbalances brought to their extreme levels, and after some time rebalancing the system without causing it to collapse first becomes virtually impossible. This is not to say, though, that every price increase necessarily leads to a bubble...

There may be what is called "organic" growth which comes along without threatening the stability of the system
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