Topic: The $1 Million Dollar Bitcoin - page 26. (Read 25652 times)
C'mon guys, get your hands off your dicks, BTC is never going to be worth $1 000 000.00
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?
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?
Nah, never going to happen. There was just another thread I was reading where someone was saying bitcoin should be worth a billion dollars because it's innovative and better than fiat, which would give it a valuation 1200 times larger than the US M2 number (14,700 trillion dollars!). People need to live in reality. The "to the moon" sentiment is destructive. What if Bitcoin went "to the moon" when it hit $1100 in 2013, and now low to mid 200's is the reality? I'm quite skeptical that bitcoin will ever reach $1,000 again, let alone the lofty (i.e. "insane") numbers that are routinely thrown around on this board.
i swear in 2010 they were saying the same thing about bitcoin never reaching 1k per coin
but we know how it ended...
But that only required a few hundred thousand people to get sufficiently excited. 1 mil would require several hundred million or more. Zero to a handful of billions can happen repeatedly. Zero to trillions is a once in multiple generations type of thing. I won't be moaning if it occurs but I'm not holding my breath.
yeah it's not comparable, but it's all about adoption, if it is triggered in the right way, it can escalate quickly enough, to surprise everybody, not impossible for sure, just very unlikely
the number seems a bit high to us right now but imagine this did anyone expect bitcoin to hit $1000 back in 2009?
even if the number is kinda unreasonable it might still be possible if EVERYONE in the world gets to know about it, like pedrog said its all about the userbase.
even if the number is kinda unreasonable it might still be possible if EVERYONE in the world gets to know about it, like pedrog said its all about the userbase.
It's a new dimension if we ignore the market cap of bitcoin as a constraint for a higher bitcoin price. People usually compare bitcoin market cap with dollar market cap. But no one would be ready to accept if 3billion was predicted some 3 years back. So, $1 million will happen whereas $21trillion is just a number.
It's all about the userbase, if bitcoin one day achieves as many users as facebook, one bitcoin might worth 1 million dollars.
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?
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?
Highly possible. Market cap is nothing to do with a price of one commodity, other than just as a comparison tool across commodities.
Forget government approval or collapse of a major country or currency or a giant business accepts bitcoin.
Imagine some $3 billion fresh investment comes into bitcoin, first people sell on higher prices but later even miners also will hold their bitcoin for higher prices. Then people will ready to buy only one satoshi for $100 also. A long term new investment is alone needed to break any market cap.
But traders consider market cap as their target zone. When a commodity nears a relevant market cap most of the traders will start selling their holdings. This is may be the reason some commodity struck within it's market cap-supply based price itself.
But I need to agree, a long term investment will break any market-cap.
1 mil is over the top for the moment. Lets first focus on retaking 1k and finding 2k+ values.
A huge market cap is very well possible, depending on how the market evolves.
A huge market cap is very well possible, depending on how the market evolves.
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?
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?
Highly possible. Market cap is nothing to do with a price of one commodity, other than just as a comparison tool across commodities.
Forget government approval or collapse of a major country or currency or a giant business accepts bitcoin.
Imagine some $3 billion fresh investment comes into bitcoin, first people sell on higher prices but later even miners also will hold their bitcoin for higher prices. Then people will ready to buy only one satoshi for $100 also. A long term new investment is alone needed to break any market cap.
I don't think this will happen and I don't see a reason why it would reach to that level. If demand is high but availability is low (very low or maybe scarce) trading price may increase but not to that level
Yes, there's always that market cap thing out there waiting to distort things. I think it's a truly dismal metric. A few mindless idiots who bought dust on Ebay have probably already raised the market cap to trillions if their transactions had been recorded.
I don't think this will happen and I don't see a reason why it would reach to that level. If demand is high but availability is low (very low or maybe scarce) trading price may increase but not to that level
I highly doubt Bitcoin will ever, ever reach 1 million dollars. I hope that happens, I just don't see it happening. That would basically mean the Govt has lost control of any fiat they have and BTC would be the world currency. It is highly unlikely all governments in the world would be okay with not being in control of their own currency.
i swear in 2010 they were saying the same thing about bitcoin never reaching 1k per coin
but we know how it ended...
But that only required a few hundred thousand people to get sufficiently excited. 1 mil would require several hundred million or more. Zero to a handful of billions can happen repeatedly. Zero to trillions is a once in multiple generations type of thing. I won't be moaning if it occurs but I'm not holding my breath.
Ok, let's going to troll..
What is in your mind when 1 BTC = $1M?
That's never happen btw.
i swear in 2010 they were saying the same thing about bitcoin never reaching 1k per coin
but we know how it ended...
Ok, let's going to troll..
What is in your mind when 1 BTC = $1M?
That's never happen btw.
Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses. Even experts are acknowledging this scenario, but giving it just 0.02% chances of happening. Well even 0.02% is better than 0 chances! 
http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/
http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/
was just reading the article you posted and I have to say it's not that good if you ask me , I was hoping it will reach more then that by the halving block reward ... 400$ is literally nothing if we compare it to the other years (2013-2014)
Yes, I agree that they completely underestimated Bitcoin short-term. $400 until the end of the next year with the upcoming halving, etc, it's a joke.
I posted an article more about prediction that there is a 0.02% chance that 1 bitcoin can reach $1 million one day, which is a topic of the thread by the way.
a lot of people will dump long before the 1 million bitcoin
If it stayed alive long enough and the dollar still existed then it's borderline inevitable that there'll be a million dollar coin one day. At today's buying power? It would've had to have conquered the world.
In a thousand years there might be a one million dollar note if inflation keeps going up. At that point I'd guarantee there will be at the least a one million dollar bitcoin, if bitcoin still exists by then. In a thousand years all bitcoins will have been mined, and only the network fees will support the miners, so the miners won't be able to dump the price down. Think about prices of everyday goods from 30 or 40 years ago, and what you pay for those same goods now. In a thousand years those goods will have astronomical prices by today's standards.
Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses. Even experts are acknowledging this scenario, but giving it just 0.02% chances of happening. Well even 0.02% is better than 0 chances!
http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/
http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/
was just reading the article you posted and I have to say it's not that good if you ask me , I was hoping it will reach more then that by the halving block reward ... 400$ is literally nothing if we compare it to the other years (2013-2014)
Yes, I agree that they completely underestimated Bitcoin short-term. $400 until the end of the next year with the upcoming halving, etc, it's a joke.
I posted an article more about prediction that there is a 0.02% chance that 1 bitcoin can reach $1 million one day, which is a topic of the thread by the way.
If it stayed alive long enough and the dollar still existed then it's borderline inevitable that there'll be a million dollar coin one day. At today's buying power? It would've had to have conquered the world.
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