The $1 Million Dollar Bitcoin - page 24.

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legendary

Activity: 1232

Merit: 1030

give me your cryptos

Quote from: 1Referee on October 11, 2015, 05:15:33 AM

It's not going to happen, not even $10,000 in plenty of years. We might be lucky if we'll see the price go to $2000 as max ATH, which isn't that unreasonable after we manage to get more investor money on board. But at this point it's a million miles away Wink

Mars is 40 million miles away, and NASA is sending people to mars at the end of next year :-/ are you getting to say that it's a pretty big chance of getting to a million?

Edit - Ayyy, I see what you did there...

Quote from: 1Referee on October 11, 2015, 05:15:33 AM

"million"

zimmah

legendary

Activity: 1106

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except for the fact that only a fraction of the bitcoin is actually in exchanges i the fist place.

gentlemand

legendary

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Welt Am Draht

Quote from: extrabyte on November 01, 2015, 05:06:06 PM

Impossible? Let me calculate the total market cap if a single bitcoin will costs around 1 million dollar

Total bitcoin 14,790,100 x 21M = The market cap should be around 310.5921 Trillion dollar, this can be possible after 10s long years.

Your arithmetic is looking a little special there. It would be 14.79 trillion. Thanks to my exceptional lifestyle that's still chump change, baby.

extrabyte

legendary

Activity: 840

Merit: 1000

Impossible? Let me calculate the total market cap if a single bitcoin will costs around 1 million dollar

Total bitcoin 14,790,100 x 1M = The market cap should be around 14.79 Trillion dollar, this can be possible after 10s long years.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: zimmah on November 01, 2015, 04:58:37 PM

you're about 2 years too late for gold parity, since it already happened in december 2013

How can it be parity when there's over 6 billion ounces of gold versus 13 million or so coins at the time?

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: coinpr0n on October 11, 2015, 05:24:27 AM

No way that's happening. Even half a million is out of the question. The whole global financial structure would have to be running on Bitcoin for those kind of prices. Even parity with gold seems to me impossible.

you're about 2 years too late for gold parity, since it already happened in december 2013

jt byte

hero member

Activity: 994

Merit: 500

I think that it can be possible but maybe after 10s years.
More big e-commerce shops should implement (maybe all of them)
And bitcoin can cost $1 Million dollar if it starts replacing fiat cash.

Denker

legendary

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Merit: 1016

Quote from: isvicre on November 01, 2015, 04:36:50 AM

I would not even hold my breath about this.
Probably it will never see that kind of high prices. It may only hit like $5000s and even it does it would be counted as miracle.

Then you haven't understood how much potential and influence in so many parts of our daily life Bitcoin can and will have.

kaselit

member

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Merit: 10

UPDATE

Amph

legendary

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Quote from: kromtar on November 01, 2015, 05:44:59 AM

Bitcoin will worth millions because toilet paper devalue every year non stop, the question is what you can buy when that happen with that millions? a shit car? some burger? Tongue

the real question is can bitcoin survive long enough to see its own adoption and becoming mainstream and maybe reach these crazy price?, many are scared from this and avoid investing

kromtar

full member

Activity: 172

Merit: 100

contracorriente

Bitcoin will worth millions because toilet paper devalue every year non stop, the question is what you can buy when that happen with that millions? a shit car? some burger? Tongue

Barnabe

hero member

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★Bitvest.io★ Play Plinko or Invest!

Quote from: extrobot on November 01, 2015, 05:20:06 AM

i think bitcoin will be only $100 again one day, but will stable at this price.

It has been stable at 250-300$ for a while. Why do you think it's going down again ?

extrobot

member

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i think bitcoin will be only $100 again one day, but will stable at this price.

Barnabe

hero member

Activity: 616

Merit: 503

★Bitvest.io★ Play Plinko or Invest!

Quote from: Betwrong on November 01, 2015, 05:05:31 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?

Considering the fact that the global M2 money supply of all currencies is around $45 trillion, as OP said (some say it's close to $62 trillion, idk) , it sounds reasonable that in case Bitcoin replaces all the money in the world it would cost around a million dollars or even more.

However, I don't think this will ever happen, or, to be more accurate, I don't think this will happen during our lifetime.

IMO Bitcoin will be $1000 in two years from now and maybe $2000 in five years.

If mass adoption occurs, the price will increase more than that.
IMO the price will never skyrocket until some countries consider it as a safe investment and buy BTC to secure currencies. (not at all in a foreseeable future)

Betwrong

legendary

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I stand with Ukraine.

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?

Considering the fact that the global M2 money supply of all currencies is around $45 trillion, as OP said (some say it's close to $62 trillion, idk) , it sounds reasonable that in case Bitcoin replaces all the money in the world it would cost around a million dollars or even more.

However, I don't think this will ever happen, or, to be more accurate, I don't think this will happen during our lifetime.

IMO Bitcoin will be $1000 in two years from now and maybe $2000 in five years.

isvicre

hero member

Activity: 826

Merit: 1000

I would not even hold my breath about this.
Probably it will never see that kind of high prices. It may only hit like $5000s and even it does it would be counted as miracle.

Q7

sr. member

Activity: 448

Merit: 250

I imagine if 1 million dollar bitcoin were to become a reality, it must also mean that fiat is currently in deep trouble where a full-scale global economic collapse is happening. Which also means inflation has gone up insanely high and uncontrollable. I'm sorry I'm taking about reality which means at least it must have all that for 1 bitcoin to worth that much.

gon

sr. member

Activity: 460

Merit: 251

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?

it could happen in our dreams but in reality thats unlikely to happen even with a limited supply
i think we could only reach $1000- 2000 per bitcoin imo

Snorek

legendary

Activity: 1400

Merit: 1001

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 don't think that situation will take place during our lifetime. I have a feeling that bitcoin won't ever reach this state.
Bitcoin will be either: redundant and forgotten in the future or price will be standardized but not to the point of 1BTC=$1 milion.

Operand

newbie

Activity: 31

Merit: 0

$1mil is highly unlikely, in fact almost impossible but nonetheless I am very hopeful of $1,000 at least within the next few years

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