The $1 Million Dollar Bitcoin - page 21.

lissandra

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Quote from: Invulner on February 29, 2016, 01:52:51 AM

Quote from: Enjorlas on October 11, 2015, 05:50:25 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?

By the time that happens, fiat would be so worthless that we would probably count our earnings not in fiat, but in some other currency...

But yeah, it'll happen one day.

Most likely the world reserve currency wouldnt be the USD anymore.

But towards someones elses country thats the so-called new america that made america great.

yenxz

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Quote from: Enjorlas on October 11, 2015, 05:50:25 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?

bitcoin worth $1000000 is still impossible for now,and some odds for bitcoin to achieve that is goverment,people who use for illegal activity,and people who never use bitcoin,and just hold it. its all odds for bitcoin.

iram66680

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Quote from: Pab on February 28, 2016, 09:21:58 PM

Will you buy for 1 mln if dollar will enter in hyperinflation than 1btc will be 1mln but dollar will be worth nothing

Didn't think of inflation affecting bitcoin in this way. Now I have to rethink my objectives in lue of bitcoin's future with my own. Just when you lay out a plan to make something work another thing always comes up Cheesy

AsaroUk

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Quote from: Nahl on April 07, 2016, 11:23:37 AM

Quote from: FabioDelcatto on April 07, 2016, 11:14:54 AM

It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore.

everybody will glad if this really happen including me but it's very difficult to be realized also perhaps this is impossible because even the price has never again to reach $1000 and how could that possible bitcoin prices will be worth to $1000000

There is indeed no possibility that is can happen, just take a look at the value now around this time, you can see that the value of Bitcoin is not even rising at the moment so that is already very bad.
It will be perfect of course if that will happen but we have to be realistic and we must dont dream.

Kartikay

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No it can not reach that high. It is very difficult for it to reach that position so soon.
Odds of it are at that time earning and mining bitcoins would be very difficult. And if you invest time and money on bitcoins at that time, you might regret your decision later because that peak would not stay for long.`

lissandra

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chances are is high.

if we already hit a market cap for $1 mill, then its safe to say we grow in volume eventually through the rest of people getting on evetually at a slower pace.

hawkins

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I doubt it could happen. even the high price of gold never come to that. and if the price has become very expensive bitcoin, bitcoin may be used only for the rich only Sad

Nahl

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Quote from: FabioDelcatto on April 07, 2016, 11:14:54 AM

It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore.

everybody will glad if this really happen including me but it's very difficult to be realized also perhaps this is impossible because even the price has never again to reach $1000 and how could that possible bitcoin prices will be worth to $1000000

FabioDelcatto

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It will be crazy if this would happen in the future. The people who are investing bitcoin right now would sure be happy with that. But it would make bitcoin not for everybody anymore.

MyBTT

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Quote from: Enjorlas on October 11, 2015, 05:50:25 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?

All I can say is that the odds of that ever happening is pretty much zero seeing as the price is only $430 right now.

Hirose UK

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Quote from: Mickeyb on October 11, 2015, 07:01:39 AM

Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses. Even experts are acknowledging this scenario, but giving it just 0.02% chances of happening. Well even 0.02% is better than 0 chances!

http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

there's a possibility, but we have no idea when it will happen.

just my thought, it will take along time and maybe we'd already died when it happen Grin

Invulner

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Invulner

Quote from: Enjorlas on October 11, 2015, 05:50:25 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?

By the time that happens, fiat would be so worthless that we would probably count our earnings not in fiat, but in some other currency...

But yeah, it'll happen one day.

qiwoman2

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I can't see it happening in my lifetime. Unless there is mass adoption of bitcoin it won't happen. So many are not even aware of its existence, let alone the power it holds for investors. If I wasn't invoked in bitcoin none of my family would have a clue about it.

Pab

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Will you buy for 1 mln if dollar will enter in hyperinflation than 1btc will be 1mln but dollar will be worth nothing

tobacco123

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Quote from: ifinta on February 28, 2016, 04:01:29 PM

I think 1BTC = $1000000 (= 10 ounce gold for example) is possible in the future.
We speaking about dollar, a currency controlled (and issued) by the US...
Think an hyperinflation.

Maybe we can forget about the hyperinflation... Could we measure value using food, for example a loaf of bread (of a certain weight)? Let say 1BTC = 100 loaves of bread in 2016, how many will it worth in 2026?

ifinta

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I think 1BTC = $1000000 (= 10 ounce gold for example) is possible in the future.
We speaking about dollar, a currency controlled (and issued) by the US...
Think an hyperinflation.

Barnabe

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Quote from: bryant.coleman on February 27, 2016, 09:56:25 AM

Forget about the $1 million mark, I don't think that Bitcoin will ever reach the $10,000 per coin mark. The adoption is slowing down, and if the indications are true, the number of users is also declining. The data from the major exchanges indicate that the trade volume is down when compared to that in the previous years. The future is not that bright.

Users increase is like waves, it's cyclic.
Since there is no immediate advantage using bitcoins people don't need them, so they don't use them.
When/If banks and economy becomes more unstable (or price begins to spike=> speculation) bitcoin usage will increase again.

arbitrage

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Quote from: bryant.coleman on February 27, 2016, 09:56:25 AM

Forget about the $1 million mark, I don't think that Bitcoin will ever reach the $10,000 per coin mark. The adoption is slowing down, and if the indications are true, the number of users is also declining. The data from the major exchanges indicate that the trade volume is down when compared to that in the previous years. The future is not that bright.

Those numbers sometimes don't have real connection with world, especially predictions over 10k .
First you must know more about economics behind. How much fresh money is needed for price to be doubled..
http://coinmarketcap.com/currencies/bitcoin/

Then you must ask yourself can anyone predict future?
Only you can hold and watch (We can belive inBTC) what will happen next.

Denker

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Quote from: BitFlyer.jp on February 28, 2016, 05:58:00 AM

If this happened , bitcoin will drop 100000% in the next day.
You know why? 99.99999% people will sell all bitcoin that they have , so it looks impossible for me.

Don't think so.
Reason is that fiat either has become worthless, so $1million is similar to $1000 or $10000 of today, or people will strongly hold their coins as they would have had chances to make profits in fiat way before that.
So again: Option 1 is that fiat will become worthless due to crazy inflation or option 2 is Bitcoin will become that popular that people will give a shit about fiat and that's the reason why fiat will become worthless! Wink

helloeverybody

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Quote from: BitFlyer.jp on February 28, 2016, 05:58:00 AM

If this happened , bitcoin will drop 100000% in the next day.
You know why? 99.99999% people will sell all bitcoin that they have , so it looks impossible for me.

This would only be the case if bitcoin exploded to 1million over night or in a few short weeks. If the price went up slowly over years then people would have sold out at far lower prices than 1 million so its totally possible that a 1 million bitcoin could be achieved. Just extremely unlikely .

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