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Topic: The $1 Million Dollar Bitcoin - page 13. (Read 25673 times)

sr. member
Activity: 448
Merit: 250
October 17, 2016, 09:54:10 AM
I do not believe in the million dollar Bitcoin because something like that just seems impossible to happen because for that to happen everyone must spend there Bitcoin if I am correct.
Everybody is holding on to there Bitcoin so that is going to mean that the price will stay stable.
sr. member
Activity: 258
Merit: 250
October 13, 2016, 07:37:49 AM
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.

Yes, it's something out of science fiction. I certainly believe in the future of the cue ball, but that it would cost so much, I will not believe.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
October 13, 2016, 06:37:42 AM
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.
Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world
that's right if $1 million is just too good to be true or i say it's just a dream,for a currency having that much value is just too much,even dollar that's dollar or euro that backed up by 1st tier countries never get that much value and even gold that's such a rare thing in this world never touch that high value
hero member
Activity: 1694
Merit: 541
October 13, 2016, 05:22:24 AM
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.
legendary
Activity: 1288
Merit: 1036
October 13, 2016, 04:54:38 AM

I never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.

It sounds like a crazy prediction that a bitcoin value will reach a million Smiley But, why not? If the bitcoin will reach a million, will the rent,food,gas price will be the same as of now or will increased also? What if rent costs 1,500,000 dollars per month? Foods on 200,000 dollars per meal? Smiley
You may be wrong as you are predicting bitcoin price to hit $ 1 million price levels after a long period.
But, as per my analysis I like to speculate bitcoin will be testing one million level within next 5 to 10 years itself. Are there any possibility for food to be priced 200,000 dollars per meal in meantime.
hero member
Activity: 1414
Merit: 505
Backed.Finance
October 13, 2016, 03:54:39 AM

I never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.

It sounds like a crazy prediction that a bitcoin value will reach a million Smiley But, why not? If the bitcoin will reach a million, will the rent,food,gas price will be the same as of now or will increased also? What if rent costs 1,500,000 dollars per month? Foods on 200,000 dollars per meal? Smiley
sr. member
Activity: 336
Merit: 250
Bravity is beautiful.
October 13, 2016, 03:18:46 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 never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.
full member
Activity: 238
Merit: 100
October 12, 2016, 09:26:06 AM
I dont think bitcoin will ever be worth more then 2K United States $ each.
Most of the bitcoin holders will instantly sell their bitcoins if it goes for more then 1K US$.
I dont think the increase in demand can hold the bitcoin on such amounts.

But its bitcoin,everything may happen so we can just keep beiliving Smiley
hero member
Activity: 910
Merit: 1000
October 12, 2016, 09:21:59 AM
I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.

Yeah bitcoin will never reach to that value directly and before that it will go through different phases of ATH and at that point every time people will prefer to sell their coins which will make price crash down.
legendary
Activity: 1008
Merit: 1060
October 12, 2016, 09:19:00 AM
I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.
You're right, the majority of people would be dumping their coins long before we reach 1 million dollars. People would even sell their coins when we reach 1000$. But just because people in the Bitcoin world has dumped their coins, doesn't mean that the price can't be higher than what you expect.

To be honest, there are whales out there that are just patiently waiting and even if Bitcoin gets a major pump, they will just watch people dump their coins and those whales are waiting for "the right time" for them.

Back to the topic, the one million dollar Bitcoin is quite possible because reaching this price would mean a lot of rich people are migrating their money into Bitcoins. I remember stories of old tales wherein instead of keeping their money in fiat, they keep their money in terms of gold. Maybe because it's an investment for them and it is easy to sell. Applying the same thing to the modern people, rich people would keep their money in terms of Bitcoin instead of fiat.
sr. member
Activity: 406
Merit: 250
October 12, 2016, 09:01:09 AM
I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.
sr. member
Activity: 275
Merit: 250
October 11, 2016, 03:25:34 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 never think that the Bitcoin is ever going to reach $1 million because most people would have sold there Bitcoin along time before the price is able to reach that.
If it is going to happen then I would be happy that I was wrong but I will not get my hopes up for it.
hero member
Activity: 952
Merit: 500
October 07, 2016, 10:10:27 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.
Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world
That will not happen in the future, maybe bitcoin will die first before seeing that price, that is too ambitious yet unrealistic. If we really want to see a god price we should just help the community by promoting bitcoin and let the future be it as long as the price will increase and we make profit.
hero member
Activity: 532
Merit: 500
October 07, 2016, 06:29:24 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.
Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world
legendary
Activity: 1106
Merit: 1005
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.
hero member
Activity: 756
Merit: 500
October 07, 2016, 02:43:13 AM
It's too crazy,Whether I can see it in my lifetime Grin Grin

Once see bitcoin in the real life usage was seems to be a crazy thing only. But now everything changed and bitcoin value moved 600$ plus value around the btc market. I think bitcoin may reach to 1 million dollar value also in the future. Who knows, If happens I utilize the situation accordingly.

Something that could have happened, but I think to reach 1 million dollars, then the bitcoin must strive to step up or give the value of a very valuable to those who use it. I think even though the price of the bitcoin did not reach 1 million bucks, everyone will surely benefit. Because the bitcoin appears to help everyone
legendary
Activity: 1372
Merit: 1005
October 07, 2016, 02:12:06 AM
It's too crazy,Whether I can see it in my lifetime Grin Grin

Once see bitcoin in the real life usage was seems to be a crazy thing only. But now everything changed and bitcoin value moved 600$ plus value around the btc market. I think bitcoin may reach to 1 million dollar value also in the future. Who knows, If happens I utilize the situation accordingly.
hero member
Activity: 952
Merit: 500
October 07, 2016, 01:58:25 AM
It's too crazy,Whether I can see it in my lifetime Grin Grin
I know it's crazy but admit it you also want it to happen. If only I can see the future and I can prove that it will happen in the future, maybe I will start saving now and even sell my house and my wife just to save bitcoin.
sr. member
Activity: 298
Merit: 250
October 06, 2016, 11:52:26 PM
It's too crazy,Whether I can see it in my lifetime Grin Grin
sr. member
Activity: 378
Merit: 250
October 06, 2016, 11:41:32 PM
1 million dollars is a dream and will stay a dream. I think in my lifetime, we wont see more than $5,000. Maybe by 2140, we might see $50,000, but that's pushing it.
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