The $1 Million Dollar Bitcoin - page 12.

Aamir1

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Quote from: arseaboy on November 04, 2016, 06:49:38 AM

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

It is actually unpredictable, we cannot really predict for it to reach a that big target, as you said we should first have the aims that are closer like $1k or maybe $2k to be achieved in a few years, but directly going to $1M is really a big dream.

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Quote from: Enjorlas on October 11, 2015, 04:50:25 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?

If Bitcoin replaces all the money in the world, then the price of Bitcoin would be around $2,000,000. But this hardly going to happen in the nearest future, I mean in 10 or even in 25 years. The more probable scenario is that Bitcoin replaces only 1% of all the money in the world in 10 years, and thus the price of it will be around $20,000.

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Quote from: freedomgo on November 19, 2016, 09:17:06 PM

Quote from: wuvdoll on November 15, 2016, 01:38:30 AM

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

It will not be permanent because no such thing as permanent, our trust with bitcoin is what makes it alive until now and it's progressive.

Nothing is permanent, but based upon the acceptance got from public, things can be changed as its a creation of human minds. Right now trust and real understanding of the digital currencies is the one which makes the digitalized growth of the universe effective.

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Quote from: wuvdoll on November 15, 2016, 01:38:30 AM

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

It will not be permanent because no such thing as permanent, our trust with bitcoin is what makes it alive until now and it's progressive.

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Quote from: Achargeturry78 on November 15, 2016, 01:22:04 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.

Quote from: Achargeturry78 on November 15, 2016, 01:22:04 AM

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.

At every price levels, investors will be finding similar to you only when bitcoin prices keep on increasing. So, it will be inevitable to have higher prices. An higher prices may be $1 million dollars per bitcoin also.

Quote from: Achargeturry78 on November 15, 2016, 01:22:04 AM

life is a cycle where we live and die lol. Cheesy

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

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Quote from: DrGuns4Hands on November 14, 2016, 11:18:47 PM

lol if this will happen I'm sure our economy comes with a great unbalance flow. Economy should be balance in our world. if this happen i'm sure our resources in the world will disappear. that's why fiat system build to balance the economy for right trading. bitcoin is invented for us to create a new future but with a great balance too. because we can actually trade with someone anonymously. and that's the reason too why I invested in bitcoin

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

DrGuns4Hands

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lol if this will happen I'm sure our economy comes with a great unbalance flow. Economy should be balance in our world. if this happen i'm sure our resources in the world will disappear. that's why fiat system build to balance the economy for right trading. bitcoin is invented for us to create a new future but with a great balance too. because we can actually trade with someone anonymously. and that's the reason too why I invested in bitcoin

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Quote from: thejaytiesto on November 14, 2016, 01:06:43 PM

We would basically need 21 trillion dollars within the bitcoin ecosystem, if we get like 1% of gold, stocks, fiat, debt.... we can easily get to 21 trillion marketcap, it's unlikely we will see it soon but we will eventually, it will be quicker than a lot of people anticipate.

I do not think it will be quick. Bitcoin system is designed very precisely. She predusmatrivat planned price increase.

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We would basically need 21 trillion dollars within the bitcoin ecosystem, if we get like 1% of gold, stocks, fiat, debt.... we can easily get to 21 trillion marketcap, it's unlikely we will see it soon but we will eventually, it will be quicker than a lot of people anticipate.

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Quote from: Republic of Coin on November 14, 2016, 12:21:58 PM

Quote from: goldcoinminer on November 04, 2016, 07:42:46 AM

Quote from: arseaboy on November 04, 2016, 06:49:38 AM

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

It depends if the bitcoin is worth supporting. The transaction speed is too long now. It could be replaced.

Replaced by what, I'm sorry?

I'm not very familiar with other cryptocurrenies and their average times for confirming a transaction, but the confirmation times of Dogecoin transactions are substantially shorter than those of Bitcoin (just in case, this alone makes Dogecoin a perfect vehicle for arbitrage trading). If I'm not mistaken, the official confirmation time for a Dogecoin transaction is slightly over 1 minute. Now compare that with something like 10 minutes on average for Bitcoin. Dogecoin has been around for almost three years already. Did it replace Bitcoin?

Republic of Coin

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Quote from: goldcoinminer on November 04, 2016, 07:42:46 AM

Quote from: arseaboy on November 04, 2016, 06:49:38 AM

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

It depends if the bitcoin is worth supporting. The transaction speed is too long now. It could be replaced.

goldcoinminer

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Quote from: arseaboy on November 04, 2016, 06:49:38 AM

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

arseaboy

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When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

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One day, that means somewhere in the future. That doesn`t need to happen tomorrow, or for year or two. This is nice goal to pursue, that is all a dream. Maybe we will not be alive when this happens, but at least we had a dream.
I know chances for this to happen in this moment are very low, like most people said maybe this will not ever happen, maybe, too much maybes when we talk about big dreams and future. Thats why I dont think about it too much, live in this moment now.

StarofBTC

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Quote from: aranachristianjay on November 04, 2016, 06:16:04 AM

But still there is a very 0.1 % chance of making this possible and happen. And if this is going to happen in the future, then all of us will be USD millionaires.

You got any solid supporting things for our statement of 0.1% possibilities for one million dollar per one bitcoin ? hopefully there will not be anything. Usually all the predictions are made by analyzing the past performances.
Pivot point analysis is a very good example for that, so exponential growth of bitcoin is possible and bitcoin may reach one million dollars too. But when? that usually does not be included with technical analysis Grin

aranachristianjay

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Quote from: horace08122 on October 06, 2016, 10:40:20 AM

Quote from: GermanFoobla on October 06, 2016, 10:32:53 AM

Quote from: Enjorlas on October 11, 2015, 04:50:25 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 do not think that the one million Dollar Bitcoin is going to ever happen because the chance seems small that it will happen and so many people will be millionaires.
That is just not going to happen.

The price of Bitcoin is increasing with the growth of its popularity. Therefore, no one can say exactly what will happen to Bitcoin tomorrow or in a year

You are right with it even though we don't have certain result for the price of bitcoin. Even many are saying that this is impossible to happen.

But still there is a very 0.1 % chance of making this possible and happen. And if this is going to happen in the future, then all of us will be USD millionaires.

And this is going to be one of the best day of my life.

machinek20

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I really like it can happened , if bitcoin reach that amount there will be a lot of millionaire from bitcoin, but i doubt it will be happened, for reaching pass 1000$ it takes years, and for reaching the point of half million it is going to take maybe almost all of the world to used bitcoin actively

Bitcoinbro

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Quote from: Enjorlas on October 11, 2015, 04:50:25 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 do not think that the one million dollar Bitcoin exist or is going to happen because to me it seems impossible and I do not want o get my hopes up for this.
I would have sold all my Bitcoin before the price was even close to a million.

springgers

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Quote from: SaShiRaJaVu on October 13, 2016, 05:22:24 AM

Quote from: zimmah on October 07, 2016, 06:03:50 PM

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

how on earth will a hardfork will change the price of bitcoin to that level,the current team is not doing anything great in my opinion,the price wont reach anywhere near $4k let alone a dream value.

So do you think the Bitcoin don't grow because of the team?
I don't think so, Bitcoin have a bad fame, a lot of scams and schemes, bad news(bad writing), and it don't bring more people, bitcoin just need more people, from both sides, costumers and products/services.

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Quote from: Fatanut on October 12, 2016, 09:19:00 AM

[...] reaching this price would mean a lot of rich people are migrating their money into Bitcoins.

It is a matter of perspective. Not being considered rich in terms of fiat, a bitcoin would easily be $1mm if all current users would save as I do.

The question is why don't you?

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