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Topic: The BTC to $1M thread - page 2. (Read 1131 times)

legendary
Activity: 1372
Merit: 2017
December 06, 2024, 10:14:00 AM
#65
So, I assume you were shit posting. Bitcoin won't have to wait to reach 100K but it already touched that magic figure. I expect you to check the market price when you write a post.  Wink

Yes, I am going to report it to the person in charge of counting the posts of that campaign.

I guess he's not paying attention on current news happened and he just post like that without verifying everything what he said.

Most likely he is just shit posting since we can totally see that everything he write is just pure nonsense. Since if he just do a research or at least get updated with latest event for sure he would never say something like that.

Anyways there's still long way to go and before $1m reached hopefully by next year we can see bitcoin to cross at $200k.

It sometimes happens in some of those who carry that signature: that kind of posts. Relatively long, generic, without having read almost nothing of the thread and/or without having heard the news related to the thread. Plus when you call out their bullshit they don't come back here to defend themselves. This was more common before but I know that Stake's management has made an effort to improve, although there are still several cases like the one we have just seen.

So take note, those of you who want to post in this thread. It is not self-moderated but if it is low quality it will be reported to moderation and your manager to decide whether to pay you for that post.

On another note, after yesterday's dip we are again approaching $0.1M per bitcoin, being at $0.0992.

The downturn is likely due to selling those who will then buy back at $150K or higher. Or as Adam Back said, to move bitcoin from weak hands to strong hands.
legendary
Activity: 2758
Merit: 1228
December 06, 2024, 08:03:16 AM
#64
Bitcoin will hit $100k sooner or later and that is inevitable as we are already very close to that target, but thinking about the prospect of Bitcoin hitting $1 million is another matter.

I noticed you mentioned yesterday, but I was too busy in real life and I wasn't able to come back to the forum. So, I want to ask where were you when Bitcoin reached 100K yesterday? didn't you check the price yesterday when you posted that? Bitcoin is below 100K right now, but it was over 100K the whole day. So, I assume you were shit posting. Bitcoin won't have to wait to reach 100K but it already touched that magic figure. I expect you to check the market price when you write a post.  Wink

I guess he's not paying attention on current news happened and he just post like that without verifying everything what he said.

Most likely he is just shit posting since we can totally see that everything he write is just pure nonsense. Since if he just do a research or at least get updated with latest event for sure he would never say something like that.

Anyways there's still long way to go and before $1m reached hopefully by next year we can see bitcoin to cross at $200k.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 06, 2024, 07:45:42 AM
#63
Bitcoin will hit $100k sooner or later and that is inevitable as we are already very close to that target, but thinking about the prospect of Bitcoin hitting $1 million is another matter.

I noticed you mentioned yesterday, but I was too busy in real life and I wasn't able to come back to the forum. So, I want to ask where were you when Bitcoin reached 100K yesterday? didn't you check the price yesterday when you posted that? Bitcoin is below 100K right now, but it was over 100K the whole day. So, I assume you were shit posting. Bitcoin won't have to wait to reach 100K but it already touched that magic figure. I expect you to check the market price when you write a post.  Wink
hero member
Activity: 3010
Merit: 794
December 05, 2024, 08:08:15 AM
#62
Come on guys, the price is still very cheap, it's only $0.1M now, you can keep buying. In a few years it will happen as it has happened repeatedly in bitcoin history, that people will wish they could have bought at a price as cheap as $0.1M per bitcoin.
Here's the possible scenario if this one happens $1M/coin.

1. People will be accumulating on this peak price and hoping for $10M price per coin
2. Having those sleepless nights due to missed out opportunity on buying on $100k
3. Waiting up for that extreme crash or correction.

We have seen on how people did these things when price is playing around on $10k per coin. Now that we have reached out $100k then
what would be the other reasons that other people been seeking for them to get convinced that they should accumulate more Bitcoins on whatever the price they will
really be that getting in? People are really just that too afraid to risks on investing into it, if they do then they do easily get shaken whenever the price do make out some 5-10% correction. lol
full member
Activity: 173
Merit: 101
December 05, 2024, 07:40:26 AM
#61
My body is ready
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 05, 2024, 01:13:56 AM
#60
Come on guys, the price is still very cheap, it's only $0.1M now, you can keep buying. In a few years it will happen as it has happened repeatedly in bitcoin history, that people will wish they could have bought at a price as cheap as $0.1M per bitcoin.

Quoting for future reference.  Wink

It's incredible how the market escalates too fast. I am being honest; I thought it would take us a few more weeks to break the hundred thousand dollars because the market was moving sideways for the last couple of days. We were at 99K+ but were not able to reach 100K. Since then, the market has even come back to 93K a couple of times. It was probably 95K when I last checked, and the market was normal. I just woke up this morning and got a notification from a CEX app that Bitcoin reached 100K. I hope I will see another notification in the morning that Bitcoin has touched a million dollars.
legendary
Activity: 1372
Merit: 2017
December 04, 2024, 10:37:22 PM
#59
Come on guys, the price is still very cheap, it's only $0.1M now, you can keep buying. In a few years it will happen as it has happened repeatedly in bitcoin history, that people will wish they could have bought at a price as cheap as $0.1M per bitcoin.
legendary
Activity: 2898
Merit: 1823
December 04, 2024, 03:26:19 AM
#58
I think we’re likely to see a quarter million dollar Bitcoin next year. There are those who think we could see as high as half a million per BTC. Not many are predicting 7 figures next year though. Personally I would bet on that happening in 2033, but you never know how enthusiastic the market can get if things start to bubble.


I'm very confident that that's MORE than likely to be reached during the current cycle. It's the price-point of $500,000 that's "likely". Although I'm not very confident that Bitcoin could hold those price-points for a long amount of time. I believe it could surge to probably $500,000, then crash to $100,000 or lower, but perhaps not lower than $70,000?

Buyers of Bitcoin during 2023 will have a very "relaxing" bear market. Cool
donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
December 04, 2024, 01:51:51 AM
#57
I think we’re likely to see a quarter million dollar Bitcoin next year. There are those who think we could see as high as half a million per BTC. Not many are predicting 7 figures next year though. Personally I would bet on that happening in 2033, but you never know how enthusiastic the market can get if things start to bubble.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 03, 2024, 11:25:44 PM
#56
it's just like some people I know currently who've set their target of selling for when Bitcoin gets to 100k, and it makes me wonder if they think 100k is the highest figure Bitcoin could attain. Well, if they've been holding for over 4 years and more then it's their choice to sell some portions of their coin if not they'll be making a very big mistake if they sell at 100k, Bitcoin’s potential is not something that should be surprising to anyone, it would get past 100k and even 1M but above 100k is more realistic currently than 1M, maybe just maybe we'll see it get to 1M in 10-20 years time.

I see somewhere in a post that someone said 100K is just a checkpoint. It is not the maximum price could reach. I agree with that and I guess I also said a similar thing in another thread. The thing is, we did not understand how Bitcoin works and how the market price fluctuates. It took me a long time to understand why the price increase and when and why it decreased in price. Once I understood the point, I started saving my Bitcoin. I wish I had known more about it before. I knew Bitcoin as a cryptocurrency only which can be used to pay for services and that's it. But I did not really believe that Bitcoin could reach 100K one day. Which is now happening and the next target is much bigger than before.
legendary
Activity: 2898
Merit: 1823
December 03, 2024, 10:20:37 AM
#55

I just found another one, who may have been the first to predict that bitcoin would reach $1M, our beloved Hal Finney.




It was probably a very different environment during 2011 - 2012 for a respected developer to make a prediction that Bitcoin could be a "dominant currency". But currently, because of Bitcoin's technical limitations, we could truly say that as a "currency" it might not become the most "dominant", but as an investment or a Store of Value, it could be.

What does everyone believe Hal Finney would say if he was alive today?

   ¯\_(ツ)_/¯

sr. member
Activity: 434
Merit: 254
December 03, 2024, 09:24:48 AM
#54
I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.

That's the the things, it wasn't very easy to believe then that Bitcoin will reach where it is today, many of us were very skeptical about the whole thing, as a matter of fact many people had the opportunity to earn bitcoin for free but missed such opportunity because of doubt and in real sense we wont blame ourselves much because of some circumstance, lets not forget that some people has been scammed in different stuffs and i think the negative comments that was coming to the post made by that guy as you said was as a result of may be lack of awareness or may be as a result of previous experience being faced by people in some other things related to that, though this is a lesson learnt and it's also a head straight up that not everything that should be attributed as a scam irrespective of the encounter we have had in the past, there is no harm in trying new things out but with utmost carefulness.

As far as Bitcoin has been able to reach the price  at which it is presently which many of us doubted earlier, it is a matter of time and consistency on our own side, Bitcoin is futuristic that's why we should also have that mindset that it will reach $1M in the nearest future.
hero member
Activity: 2730
Merit: 632
December 03, 2024, 08:37:19 AM
#53
Quote
All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

Even with the current "institutional FOMO" the price fails at getting above 100K. It dropped down to 94K after several days of moving in the 95-97K range. The crypto world has slowly turned into a joke. Most Bitcoiners were anti-bank and anti-goverment, and now they are praying for the banks and the US government to pump the price to one million dollars. Some wise guy once said "money is what makes a man act funny". Yes, it is possible for BTC to hit one million, but if you ask me, the day Bitcoin hits one million would be the day the US dollar becomes as useless as toilet paper.
Do we really believe that this is already the extreme extent of institutional funds that flows into this market? I think not, pretty sure it will really be just that only a few percentage on what they are really that capable of. Also, if we do try to look up on other markets on which institutional funds is flowing through then we can be able to see on how big it is. Why cant Bitcoin or crypto market will really be not able to do so?
We are just that starting if we do speak about that huge adoption specially now that government,billionaire,institutions are now considering out Bitcoins existence and relevance. We do know their financial capacity and really just that simply trying out to be silent but actually having some huge plans on whats ahead. Well, this is really just that an anticipation and hopes on which it could also potentially happen.
Going back into those previous cycles on where prices is sitting around $10-19k price all time high on that point on which people been already talking about million a coin price on which there are tons of people who had been that saying that it was unrealistic and having that hopium, on which i could say that im included into those people who had been having those kind of perceptions and views too. Now that we are sitting around almost $100k then hitting up another x10 into its price wont really be that too hard or that impossible Of course it will really be still speculative and since we are on a speculative space then numbers will really be that sky is the limit. This is why whenever someone do tell about price predictions then any number would do even if it do looks that close to impossible but everything could happen on crypto space.
hero member
Activity: 3192
Merit: 939
December 03, 2024, 06:30:39 AM
#52
Quote
All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

Even with the current "institutional FOMO" the price fails at getting above 100K. It dropped down to 94K after several days of moving in the 95-97K range. The crypto world has slowly turned into a joke. Most Bitcoiners were anti-bank and anti-goverment, and now they are praying for the banks and the US government to pump the price to one million dollars. Some wise guy once said "money is what makes a man act funny". Yes, it is possible for BTC to hit one million, but if you ask me, the day Bitcoin hits one million would be the day the US dollar becomes as useless as toilet paper.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
December 03, 2024, 05:12:44 AM
#51
It's really a matter of when. It's going to surpass $1M, and $10M and $100M hopefully within my lifetime.

It's simple why. There are $900T in global asset value[1], many of which sit in real estate, stocks, gold, arts and bonds, for the sake of preserving capital. These instruments have risk factors, like regulation, taxation, political influence, weather, currencies, bonds and stocks have counterparty risk etc., all of which dilute capital. They will soon understand that in cyberspace, there are no such risk factors. So they will convert their capital to bitcoin. Just 1% of that capital, when converted to bitcoin, can drive the price to $1M.

[1] https://www.onceinaspecies.com/p/bitcoins-full-potential-valuation
hero member
Activity: 1316
Merit: 379
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December 03, 2024, 03:28:39 AM
#50
In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.

He had a vision of what Satoshi was trying to do and the potential of the coin he created that's what many Bitcoiners back then didn't have, I'm pretty sure lots of us didn't believe in Bitcoin at the early stages and even thought it was a new scam back then but here we're, even critics are now embarrassing and those who called him crazy would even bought as much as possible back then when they saw increase but come to think of it, I hope he didn't sell at 30k cause he'll still regret doing that, it's just like some people I know currently who've set their target of selling for when Bitcoin gets to 100k, and it makes me wonder if they think 100k is the highest figure Bitcoin could attain. Well, if they've been holding for over 4 years and more then it's their choice to sell some portions of their coin if not they'll be making a very big mistake if they sell at 100k, Bitcoin’s potential is not something that should be surprising to anyone, it would get past 100k and even 1M but above 100k is more realistic currently than 1M, maybe just maybe we'll see it get to 1M in 10-20 years time.
STT
legendary
Activity: 4102
Merit: 1454
December 03, 2024, 01:28:56 AM
#49
Normally your estimation would be correct but the situation is not static.   Even if BTC never gained another user again, it only stayed flat with no special growth even with population growth even in this scenario the price grows.

The reason why price grows is that nominally the figure is separate from value.   If I agreed to swap your house for bars of gold and we agreed 40 bars maybe, then next day I come back to swap for silver bars instead even with nothing much changed the bars as a number is at least going to double or more.   I come back soon after and its bars of copper I will offer you each time the number is going up but its the same house.
  Gold copper or silver are and always will be unique & useful, Dollars too will be useful currency in ten or twenty year but its clear which direction we're heading.

This is the scenario for BTC the way we are trying to value Bitcoin is going down each time we look.  Dollar 2024 is separate to prior years and certainly a decade ago, I think we've lost half the currency value over 20 of the last years and similar is true in most countries.  

Simple take is the price goes up as BTC is inverse to Dollar, its not got the same dynamics to its supply.   Even gold silver or copper will have a supply chain where the minute the price goes many factors of supply will jump on the bandwagon to produce more where as BTC fixes its supply regularly to stop any excess production.
  It all adds up create these large numbers and only people like Finney recognized the iterative process results & really saw it crystal clear I guess, he was a member on this forum if I remember right.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
December 03, 2024, 12:59:08 AM
#48
In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I remember seeing a Facebook post a long time ago that a guy was asking everyone to use freebitco. in the website and claim hourly faucets every day. The price of Bitcoin was around $5K to 6K, but according to him, Bitcoin would maintain a $3K on average, and we should claim the hourly faucet every day to start earning Bitcoin. I don’t remember how much the reward was; probably, it was 100 Satoshi per claim. Most comments were negative at that time. People call him crazy for such an idea. His target was to claim faucets for years and sell them if Bitcoin reached 30K. But look at the market now. I don’t think I ever believed Bitcoin could get where it is today. I am being honest; I understand that nothing is impossible. But $1M seems too far. Once again, I would be happy to be proved wrong.
legendary
Activity: 1372
Merit: 2017
December 02, 2024, 11:35:20 PM
#47
I just found another one, who may have been the first to predict that bitcoin would reach $1M, our beloved Hal Finney.



He even predicted it would reach $10M, but we'll leave that for another thread.
legendary
Activity: 2464
Merit: 1387
November 29, 2024, 03:36:28 AM
#46
I've been thinking about opening this thread for a while now and I finally decided because I think it is now abundantly clear that this is not a question of whether the price will reach $1M, but when it will.

The first one that I can remember who said it with public resonance was the one who said that if the price didn't reach $1M by the end of 2020 he would eat his dick on national TV. Then we know how it turned out. I don't know if those of you who have been on the forum and in the bitcoin world longer remember any public figure or anyone on the forum talking about that possibility before McAfee. If so, say so and I'll post it in the OP.

Although it came later than McAfee's (rest in peace) crazy prediction, I think PlanB's Stock-to-Flow model was one of the first I remember seeing to hint at a potential $1 million Bitcoin. While I don't think he specifically mentioned a $1 million price target, his model definitely suggested that Bitcoin could reach that kind of crazy number during this bull cycle, before the next halving. It was pretty exciting to see the potential!

In any case, after a disappointing 2020-24 cycle in terms of returns, where we started to talk about institutional adoption but it was much lower than expected, now it seems that institutional adoption is really starting. Michael Saylor is buying bitcoins for MSTR as if there is no tomorrow, the US president-elect promised to create a bitcoin reserve with the ones they already had but the Cynthia Lummis proposal to build up the reserve by buying bitcoin, up to 1 million in 5 years, has quite a few signs of becoming a reality, as there are 269 congressmen and senators in the US who are pro-crypto. Not only that, the US president-elect's appointments so far to his cabinet are mostly pro-bitcoin, people who have publicly stated that they have bitcoin holdings.

All of this we already know can unleash, and is already unleashing, institutional FOMO, leading to supply shock. This has led prominent figures such as Adam Back, creator of Hashcash and quoted in the White Paper, to say that if the strategic reserve goes ahead we should prepare for a 7 figure bitcoin this cycle. There are other characters, perhaps not as relevant but with public influence, who are in the same line, such as Samson Mow.

In any case as of today $1M per bitcoin no longer seems crazy, it no longer seems so far away, and I am creating this thread for us bitcointalkers to share experiences along the way.

I am sorry but it is this small minded thinking that holds people back.

1million a btc is not the goal here.

1 dollar a sat by 2030 is the goal.

open your mind to that as our reality.

1 dollar a sat by 2030. Said here on your thread that only wants a piddling 10 cents a sat.


Please realize all of the above is just joshing as to even think I will see a dollar a sat by 2030 is an amazing thought for me to manifest.

Jeez I havent even considered 1 Satoshi = $1 in a very long time, I think
someone mentioned it a few years ago (but not in a serious way)

But yes why not - I'm sure back in the early years some people would ask
"Who the hell is going to pay $100,000 for a Bitcoin?" well here we are. Same
applies I suppose to any price point from now to $100,000,000 in the future.

We have to celebrate the big milestones, when we approach $1,000,000 there
will be a $100,000,000 thread!!
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