The $1 Million Dollar Bitcoin - page 5.

goldcoinminer

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It's true that, in my nation don't accept bitcoin. My counrty, i'm not sure and see any restaurants or stores where they accepting bitcoin. I understand that US has numerous dining places and stores. That restaurants and stores accept btc. The netherlands also taking bitcoin.

What country are you living? I am sure as time passes by there will be more people that will accept bitcoin
and as bigger countries are starting to use bitcoin, small countries are also going to follow and accept, sooner we will see a bigger community
supporting bitcoin and the price will not gonna be stop in rising.

Ausgewielt

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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 price will keep increase because the demand is keep increase, especially from high levels society. Anything is fine, although poor people will not be able to own bitcoin anymore.

Hoganye

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Quote from: carlisle1 on November 22, 2017, 07:52:05 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?

not gonna happen for atleast 1000 years more,it was a huge presumption how could you ever think of this.do you think the whole world specially the biigest countries let this happen?the very first thing that bitcoin reaches $50,000 per coin will lead to those country to make a measure to break down this crypto and we all know that they can do it.if this would provide a threat to the world.so better not to be exaggerated regarding bitcoin price

If Bitcoin has more supply coin, that price will never reach, but with 21 million coins for all people on the world, do you think 1 million dollar/BTC is reasonable? I am imagining someday, the popularity of Bitcoin will grow more and almost people will use this currency for daily. Only that time, the price of Bitcoin can has chance to increases 1 million dollar.

juink55

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if bitcoin worth 1 million dollars what is the transaction fee to be paid?
if transaction costs use expensive bitcoin will this be a problem?

carlisle1

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Campaign Management?"Hhampuz" is the Man

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?

not gonna happen for atleast 1000 years more,it was a huge presumption how could you ever think of this.do you think the whole world specially the biigest countries let this happen?the very first thing that bitcoin reaches $50,000 per coin will lead to those country to make a measure to break down this crypto and we all know that they can do it.if this would provide a threat to the world.so better not to be exaggerated regarding bitcoin price

darewaller

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Quote from: paradoxlost on November 20, 2017, 09:45:54 PM

The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.

That won’t happen, even Golf is not sold at such an amount– $1 million dollars, gold is below that. I don’t see any reason for Bitcoin to be sold at such rate. It can never happen but if they try to attempt such through speculation, then it’s over, everything is completely over then. Well, it’s only all these greedy fools that think they will become the world richest men that brings up such idea/topic, but it won’t happen, if you want to be world richest man, then go out there and hustle for it and don’t expect it from bitcoin. When all Bitcoin is mined, I believe it will have a stable price just like gold.

nguli

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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?

it could happen if bitcoin gets harder and the higher demand from the market and the demand is higher then the bitcoin price will reach that level.

dungvn

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It will happen in the future Grin

paradoxlost

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Quote from: paradoxlost on November 20, 2017, 09:45:54 PM

The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.

I know the first couple pages of this thread are awesome. I definitely didn't think it'd be this high but I definitely thought it'd be up to $5000. The reason why it's going this high and why this isn't a bubble is because bitcoin is basically solving the biggest problem in the history of the United States: a solution to the centralized banking system. This problem has been magnified in the past 100 years as money has started to become more and more abstract and electronic and peoples entire lives can be destroyed simply by swiping their card at a cash register, businesses can be destroyed simply by not having an emphasis on online security, and people having to pay to get their money, wait to get their money, and pay to wait to get their money.

I just hope that when cryptos do take over from government backed fiats that core developers use transaction fees for roads and infrastructure.

paradoxlost

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The value of bitcoin is the entire physical wealth of the world divided by the market cap of bitcoin. The altcoin is worth all the abstract/intangible value of the world divided by their market caps.

100kk

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Today the price of bitcoin is more than 8k $. Two years ago, for many people, it seemed unreal. So think! Grin

szpalata

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Quote from: Qunetick on November 20, 2017, 06:03:38 PM

Quote from: coinpr0n on October 11, 2015, 06:24:27 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.

Let's just say that it is. Anyway, the person who started this topic is just curious if what will happen if for example the bitcoin price will reach $1 million. Maybe for now it is still impossible, but we don't know that sooner or later it will really happen. We cannot really predict what will happen to bitcoin, so we should not underestimate what bitcoin can do for us.

Well that's quite a target but very unrealistic at the moment even though i wish it came to pass sooner somehow. There has been a lot of positives to pick from bitcpoin lately and we are all optimistic about the future but one million dollar per coin target is something i don't really look up to.

Qunetick

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Quote from: coinpr0n on October 11, 2015, 06:24:27 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.

Let's just say that it is. Anyway, the person who started this topic is just curious if what will happen if for example the bitcoin price will reach $1 million. Maybe for now it is still impossible, but we don't know that sooner or later it will really happen. We cannot really predict what will happen to bitcoin, so we should not underestimate what bitcoin can do for us.

Pendularin

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Quote from: jk_14 on November 20, 2017, 03:25:33 PM

Quote from: Trela on November 18, 2017, 11:57:22 AM

Quote from: BiTZeD on November 10, 2017, 02:09:09 PM

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?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

Bitcoin does not need to increase its value to a high price like 1 million dollar and get trouble to calculate the value for daily using. Bitcoin is an asset but it is also a currency. I do not hope Bitcoin will become only an asset and give up its first nature of Bitcoin created by Satoshi Nakamoto.

If Bitcoin reaches $1million, one single Satoshi will be worth around 1 cent. So there wouldn't be any problems at all with the right scaling and people could just buy their fast food for 500 Satoshis.

If that will happen there will be no problem for us because we will have a lot of money when we will have even just a single bitcoin in our wallet and it could be easy for us to reach our dreams and also we don't need to worry so much about it because we know that when we will have our earnings it would be worth it.

jk_14

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Quote from: Trela on November 18, 2017, 11:57:22 AM

Quote from: BiTZeD on November 10, 2017, 02:09:09 PM

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?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

Bitcoin does not need to increase its value to a high price like 1 million dollar and get trouble to calculate the value for daily using. Bitcoin is an asset but it is also a currency. I do not hope Bitcoin will become only an asset and give up its first nature of Bitcoin created by Satoshi Nakamoto.

If Bitcoin reaches $1million, one single Satoshi will be worth around 1 cent. So there wouldn't be any problems at all with the right scaling and people could just buy their fast food for 500 Satoshis.

Trela

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Quote from: BiTZeD on November 10, 2017, 02:09:09 PM

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?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

Bitcoin does not need to increase its value to a high price like 1 million dollar and get trouble to calculate the value for daily using. Bitcoin is an asset but it is also a currency. I do not hope Bitcoin will become only an asset and give up its first nature of Bitcoin created by Satoshi Nakamoto.

Imfinnabeon

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Decentralize The $15-Trillion Global Trade Industr

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?

The 1 million dollar bitcoin is the million dollar question these days it seems like. I dont know if it will happen but it is possible. I think 100k will be most probable in our lifetime if bitcoin keeps going and 1 million isnt that far off of that. Also when time goes on more money will be in circulation so seeing 10-50% of money in circulation in cryptocurrencies does not seem that far fetched for me in the future.

BiTZeD

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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?

Based for the statistics you pointed out, I am convinced now that one bitcoin will never be worth as much as one million dollar, except of course if the dollar became a banana coin with hyper-inflation making its value close to nothing.

leyton11

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Quote from: Gaff on November 07, 2017, 04:57:55 PM

Quote from: cybersofts on November 07, 2017, 04:34:20 PM

Quote from: 1Referee on October 11, 2015, 06:15:33 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?

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

Bitcoin selling at $10,000 is around the corner.

So, that is no longer a big deal because in this year alone 2017 bitcoin has gained over 700% increase in value. If bitcoin can manage to grow with even 500% every year. bitcoin will definitely surpass $10,000 benchmark by 2018.

Maybe the signs of good profit really proved that bitcon has come to be more dominant if this will happen to surpasd that $10k speculations. That's agreeable that if it will continue to grow next year successively, then there is a possibility that we will achieve that next year. But expect more dumpers when it happens.

10,000 dollars is just a small target with the growth of Bitcoin. I don't think Bitcoin will dump before reach that price if it can keep the current price ($7,000) until the end of this year. But, we can see a big dump in next time, because Bitcoin needs to reduces its value for reasonable before pump again.

Gaff

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Quote from: cybersofts on November 07, 2017, 04:34:20 PM

Quote from: 1Referee on October 11, 2015, 06:15:33 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?

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

Bitcoin selling at $10,000 is around the corner.

So, that is no longer a big deal because in this year alone 2017 bitcoin has gained over 700% increase in value. If bitcoin can manage to grow with even 500% every year. bitcoin will definitely surpass $10,000 benchmark by 2018.

Maybe the signs of good profit really proved that bitcon has come to be more dominant if this will happen to surpasd that $10k speculations. That's agreeable that if it will continue to grow next year successively, then there is a possibility that we will achieve that next year. But expect more dumpers when it happens.

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