The BTC to $1M thread - page 4. | Bitcointalksearch.org

bias

hero member

Activity: 882

Merit: 501

Quote from: BABY SHOES on November 26, 2024, 01:53:36 PM

It is not a big mistake to sell coins now they certainly have a target when $100K, especially those who bought in the range of $20K back then they already had 5x profit when the price was $100K.

As I said, not ALL. Of course, you have to sell some because it's profitable but not all of your stash. Wink

Quote from: BABY SHOES on November 26, 2024, 01:53:36 PM

I'm sure... when the price of bitcoin reaches $200K all investors will be excited they may release their ownership in part or all... then to $500K will certainly be even more excited, right?

But I'm sure there must be a true holder to hold up to $1M.

Yes, we will sell some in any case, that's not bad or wrong. But we will rebuy when the price drops, even more, if possible. My argument is that we don't have to sell all of our coins because of the price. Even if the price is tempting, we still have to hodl something.

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: BALIK on November 27, 2024, 08:31:10 AM

I don't have any predictions or thoughts on when bitcoin will hit $1 million because that's too hard but I agree with you that it won't be easy to get there. 10x growth from now on is not as easy as before because bitcoin's market capitalization has reached trillions of dollars, and trillions of dollars is a very big number, not as small as people think.
I am surprised that people still apply exponential growth model to bitcoin and expect it to give them x5, x10 profit in just 3 to 5 years. This can easily be applied to small cap assets but with assets that have become huge like bitcoin, we cannot apply it. People are getting a bit delusional and setting their expectations too high and unrealistic.

You look a bit pessimistic, my friend. Have you heard the news about bitcoin since the US election? A gigantic increase in demand you do not take into account? USA will probably buy 1 million bitcoins for 5 years. Brazil wants to implement a strategic reserve as well. Smaller countries like Argentina or Morocco have just passed bitcoin friendly legislation. MSTR has bought 150,000 bitcoins this year, with one more purchase it will have bought as much or more than the bitcoins expected to be mined next year (165,000) and this has only just begun.

That's why there are reputable people like Adam Back (who is not a nut like McAfee) saying that we can reach 7 figures this very cycle.

BALIK

copper member

Activity: 2310

Merit: 609

🍓 BALIK Never DM First

Quote from: EarnOnVictor on November 27, 2024, 05:50:19 AM

...
Regardless, your question is very accurate even though I don't think Bitcoin can reach $1m in 2 decades, but "When" is a very proper question, but no one can ever say they know. This generation may not even witness it.

I don't have any predictions or thoughts on when bitcoin will hit $1 million because that's too hard but I agree with you that it won't be easy to get there. 10x growth from now on is not as easy as before because bitcoin's market capitalization has reached trillions of dollars, and trillions of dollars is a very big number, not as small as people think.
I am surprised that people still apply exponential growth model to bitcoin and expect it to give them x5, x10 profit in just 3 to 5 years. This can easily be applied to small cap assets but with assets that have become huge like bitcoin, we cannot apply it. People are getting a bit delusional and setting their expectations too high and unrealistic.

EarnOnVictor

hero member

Activity: 896

Merit: 654

Leading Crypto Sports Betting & Casino Platform

Quote from: Poker Player on November 23, 2024, 10:44:02 AM

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.

Even if Bitcoin hits $100k which I know that its brighter hope brought about the conviction to open this thread, the $1m is still 10x from it, it's large. This is still not different from how people viewed Bitcoin the last time it hit the ATH of almost $70,000 for the first time in 2021, you would see people calling 500k or even $1m very soon, which excitement and the elaborate view is rekindling again, we should take it easy. Regardless, your question is very accurate even though I don't think Bitcoin can reach $1m in 2 decades, but "When" is a very proper question, but no one can ever say they know. This generation may not even witness it.

STT

legendary

Activity: 4102

Merit: 1454

I wouldnt take these predictions deadly serious because the unspoken words to such a high figure is we are discussing decline of the dollar perhaps more so then Bitcoin itself. If they did pandemic levels of money printing again next year then 1 mill could happen in 2027 maybe but otherwise I'd think not for this decade especially not if they the powers that be for monetary supply are sensible in any way. If you think otherwise you are expecting a weimar republic type collapse perhaps.

Optimistically speaking it could also be in 1m target we are discussing a grand explosion in usage. More then the original core pursuits for BTC which was mostly online and gambling related but all kinds of usage. People have been speculating we do the physical grocery shopping with BTC for a while, its not impossible and might be true some places but Im not expecting a blanket usage for BTC in every possible place.

The other take is reserve asset usage, Bretton woods post ww2 famously used gold as the backstop to continue centuries of tradition going back to Issac Newton as treasury master; again I dont expect this to occur this decade at least.

aoluain

legendary

Activity: 2464

Merit: 1387

Roll back at least 2 years....

Imagine posting this thread back in 2022, it would be lambasted and criticised.

Now - $1,000,000 Bitcoin is not such a fantasy at all, its definitely on the cards, for
2025 - Its hard to see.

The biggest driver of this is the Trump factor and his proposals to add it to the treasury,
who would have thought of that happening 2 years ago or before?

Michael Saylor for sure is preparing for $1m and beyond, he sees it.

Ultegra134

hero member

Activity: 1778

Merit: 907

Quote from: MainIbem on November 25, 2024, 01:29:49 AM

I think the OP is fast tracking to the future, not even the near future cause that figure isn't realistic in this bull run, it could be possible in the next two circles but not now, Bitcoin is almost 100k and yet to break into the six figures and someone is already thinking about seven figures. Well, it's not bad to think deep and wish your thoughts could be fast tracked into a reality, I'm not saying it's never possible, of course it is, we've all seen the potential and how far it could go, we've seen that more people are embracing it but then heading to the seven figures in this circle or even the next is not realistic, it would definitely get to that point sometime in the future and hopefully we'll witness it get there. I've stopped bothering myself about what the price of Bitcoin would be in future or how high it can go cause I've come to so much believe in the potential of it and all I care about right now is accumulating more of the coins for the future, which I consider very important.

I don't think that the OP is suggesting it's possible in this bull run or any other bull run in the upcoming few years. It's certainly a possibility in the distant future, perhaps over a decade from now, or it might not even happen at all; everything is possible. It's certainly not bad to come up with speculations; although these might seem a little too confident, with which I agree, it's an overexaggeration that might not occur at all, but it's still a possibility. A few years ago we couldn't have imagined breaking 6 figures, so why not 7?

I fully understand your point. Bitcoin will need to 10x its current price to achieve that; if you carefully consider it, it sounds impossible.

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: jcojci on November 25, 2024, 09:47:32 AM

This will be a long time journey for Bitcoin to hit $1M per Bitcoin but we believes that the price can be at that price in the future. We must have a big patience in holding our Bitcoin and continue to accumulate more Bitcoin while we are waiting for the price hit that price. That will also makes people amaze when they see that price because they will never imagine to see that. That could be 2 or 3 cycles of bull run for us to see $1M per Bitcoin but who knows that will happen out of our prediction since Bitcoin can go to any highest price. I am sure that many people will make sure they are in that moment and sell at that price. But the question is how many Bitcoin we can collect when the price hit $1M? That is what we need to works on.

Long, yeah because we haven't even bypassed the $100k limit yet but once we do and the price pumps consistently, it might still be possible for the process to speed up. BTC is volatile, so there is no guarantee that we can stay at $1M even if we hit it. BTC is not new and already have a lot of achievements. That is enough for me already.

Quote from: Minor Miner on November 26, 2024, 06:53:53 AM

My question is how many people can hold bitcoin until the price hits $1 million? Because the road to $100k is really bumpy and we're not even there yet but many people are already selling their bitcoins. Bitcoin is not growing vertically and the road to $1 million is much more thorny and challenging, can we persevere until then? I doubt it. Maybe everyone believes that bitcoin will reach 1 million dollars in the future, but the problem is that no one will wait until then because life has many things to worry about and does not allow us to do that.

I'm with him. Holding is more advanced but before we got on that part, isn't the first thing that we must do is to buy? Though, it does not matter if how much you can collect because not all have unlimited amounts. As they say, quality beats quantity and quality here is by the time we hold on to the higher price level. BTC is not new and a lot of people have learned now from their mistakes, so I think a lot of people now can HODL longer than ever.

There are some that will sell on future ATH's before we hit a million dollar but they can always buy and HODL again. That should make their life more easier though with a cost of some profits. We are almost at $100k last time but who would have thought that we still fell down to $92k now? Lol. So indeed that the road seems bumpy now. It is like we are still giving some suspense before the main show arrives.

BABY SHOES

sr. member

Activity: 294

Merit: 433

HODL - BTC

Quote from: bias on November 26, 2024, 11:07:41 AM

Quote from: Minor Miner on November 26, 2024, 06:53:53 AM

My question is how many people can hold bitcoin until the price hits $1 million? Because the road to $100k is really bumpy and we're not even there yet but many people are already selling their bitcoins. Bitcoin is not growing vertically and the road to $1 million is much more thorny and challenging, can we persevere until then? I doubt it. Maybe everyone believes that bitcoin will reach 1 million dollars in the future, but the problem is that no one will wait until then because life has many things to worry about and does not allow us to do that.

I will wait, man, count one for now! Wink

Why do you doubt it? We are still here, right? If we, the members of this community doubt for BTC, then it shouldn't get the $100k milestone, not even $100.
OF COURSE, no one has to sell all his coins now, that would be a huge mistake. And now, everybody knows that. For sure though the road until the $1mil is difficult and more than early to even talk about it but hey, why not believe in it instead of being pessimistic? We always see everything optimistically, otherwise, let's dig a hole and get in from now.

It is not a big mistake to sell coins now they certainly have a target when $100K, especially those who bought in the range of $20K back then they already had 5x profit when the price was $100K.

The question is who will be the strongest holder?.... During the road to $1 million?

I'm sure... when the price of bitcoin reaches $200K all investors will be excited they may release their ownership in part or all... then to $500K will certainly be even more excited, right?

But I'm sure there must be a true holder to hold up to $1M.

bias

hero member

Activity: 882

Merit: 501

Quote from: Minor Miner on November 26, 2024, 06:53:53 AM

My question is how many people can hold bitcoin until the price hits $1 million? Because the road to $100k is really bumpy and we're not even there yet but many people are already selling their bitcoins. Bitcoin is not growing vertically and the road to $1 million is much more thorny and challenging, can we persevere until then? I doubt it. Maybe everyone believes that bitcoin will reach 1 million dollars in the future, but the problem is that no one will wait until then because life has many things to worry about and does not allow us to do that.

I will wait, man, count one for now! Wink

Why do you doubt it? We are still here, right? If we, the members of this community doubt for BTC, then it shouldn't get the $100k milestone, not even $100.
OF COURSE, no one has to sell all his coins now, that would be a huge mistake. And now, everybody knows that. For sure though the road until the $1mil is difficult and more than early to even talk about it but hey, why not believe in it instead of being pessimistic? We always see everything optimistically, otherwise, let's dig a hole and get in from now.

Minor Miner

legendary

Activity: 2478

Merit: 1020

Be A Digital Miner

Quote from: jcojci on November 25, 2024, 09:47:32 AM

But the question is how many Bitcoin we can collect when the price hit $1M? That is what we need to works on.

My question is how many people can hold bitcoin until the price hits $1 million? Because the road to $100k is really bumpy and we're not even there yet but many people are already selling their bitcoins. Bitcoin is not growing vertically and the road to $1 million is much more thorny and challenging, can we persevere until then? I doubt it. Maybe everyone believes that bitcoin will reach 1 million dollars in the future, but the problem is that no one will wait until then because life has many things to worry about and does not allow us to do that.

jcojci

full member

Activity: 784

Merit: 115

This will be a long time journey for Bitcoin to hit $1M per Bitcoin but we believes that the price can be at that price in the future. We must have a big patience in holding our Bitcoin and continue to accumulate more Bitcoin while we are waiting for the price hit that price. That will also makes people amaze when they see that price because they will never imagine to see that. That could be 2 or 3 cycles of bull run for us to see $1M per Bitcoin but who knows that will happen out of our prediction since Bitcoin can go to any highest price. I am sure that many people will make sure they are in that moment and sell at that price. But the question is how many Bitcoin we can collect when the price hit $1M? That is what we need to works on.

bias

hero member

Activity: 882

Merit: 501

Quote from: Poker Player on November 24, 2024, 11:17:44 PM

Did anyone freak out yesterday or get sad about the price drop? We have to be aware of the price levels we are at. When bitcoin was worth $990 it going down to $958 did not have the same effect on people's minds as when it has dropped from almost $100K to $95.9K. We have to get used to these price swings on the way to a million. In the not too distant future price increases or decreases of tens of thousands of dollars in a single day will be normal.

Well, this is a key factor and I totally agree with it. With the price of BTC having reached $100k and having the undeniable prospect of exceeding it (perhaps even 1 million is little), many new investors will tremble at the idea that the price will fall by 3-4-5%, something which for us "veteran" people and those who deal with the price of BTC on a daily basis is normality. I am afraid that if the price falls by 25-35% we will see very bad situations as in the cases of economic crashes. Especially from small investors who do not have insurance keys/ safety net measures or the patience for the price to return to the levels they bought.

fuguebtc

hero member

Activity: 1974

Merit: 539

Leading Crypto Sports Betting & Casino Platform

Quote from: FatFork on November 24, 2024, 10:24:29 AM

Yes. I doubt it too, but it's worth saying that people often underestimate Bitcoin's growth potential. Just a few months ago, many people doubted that BTC could double in price and reach 100k by the end of the year. And yet, here we are.

Not everyone underestimates the potential of bitcoin, everyone believes that bitcoin will reach $100k but the market knows how to torture our psychology.
After rising to $73k before the halving, the bitcoin has been correcting and moving sideways for months. That makes people skeptical about short-term growth and that's why no one believes bitcoin can reach $100k before the end of the year.

Quote from: FatFork on November 24, 2024, 10:24:29 AM

Also, I don't think your numbers check out. You're going by Bitcoin's total possible supply, but that dosn't work because not all coins are really out there on the market. Total market cap doesn't take into account the real market supply, which is actually much lower.

Even if my numbers are incorrect, we'd still need tens of trillions of dollars for bitcoin to hit $1 million, and I don't think that's going to be easy to achieve anytime soon.

The US stock market was founded in 1972 and is considered the most lucrative market when it comes to finance, but to date, its market capitalization is just over $50 trillion. How could a relatively new asset like bitcoin reach a market cap of $15-20 trillion in such a short time? That's much more absurd than bitcoin hitting $100k this year. I'm not underestimating bitcoin's potential but let's be realistic.

As-Soon-As

full member

Activity: 364

Merit: 168

It is true that the price of Bitcoin will increase, in the future the price of Bitcoin will increase even more and investors will be created. I think that when the price of Bitcoin reaches 100k dollars, it will follow the highest speed and move to a higher price. It may follow a million dollars very soon, but we have to wait for 1-2 halvings. If the price of Bitcoin continues to increase like this, it is definitely better to invest now for those who are deprived of investment.

Because the world's largest Bitcoin holder institutions are only holding Bitcoin, and they think that they will hold Bitcoin for a few more years to come. And I think they will definitely be successful because the price of Bitcoin increases by several thousand dollars every day.

Popkon6

sr. member

Activity: 798

Merit: 377

Quote from: Poker Player on November 24, 2024, 11:17:44 PM

Did anyone freak out yesterday or get sad about the price drop? We have to be aware of the price levels we are at. When bitcoin was worth $990 it going down to $958 did not have the same effect on people's minds as when it has dropped from almost $100K to $95.9K. We have to get used to these price swings on the way to a million. In the not too distant future price increases or decreases of tens of thousands of dollars in a single day will be normal.

I never worry about the price of Bitcoin falling, I worry about the future. Because from the past to today, the price of Bitcoin has only gone up and sometimes it has gone down, this is a good opportunity for investors to invest in Bitcoin. Because when the price of Bitcoin reaches 100,000 dollars, it will move towards 200k dollars, in this way, step by step, I think it will not take much time for the price of Bitcoin to reach 1 million dollars.
Maybe we will have to wait for another bull market to start to reach 1 million dollars, when the price of Bitcoin touched 95k dollars and I bought Bitcoin for 96 thousand dollars. I bought deep with the funds I had accumulated by following the DCA method.

MainIbem

hero member

Activity: 1316

Merit: 379

WOLFBET.COM - Exclusive VIP Rewards

Quote from: Ultegra134 on November 23, 2024, 11:19:08 AM

Is it unlikely? Yes, impossible? No. This is one of my posts a few weeks ago, in a speculation topic regarding whether the price is going to hit $100,000 within 2024.

Quote from: Ultegra134 on October 04, 2024, 03:21:45 PM

I agree. Moreover, I believe that we do not have enough statistical data to accurately claim that history repeats itself, a few cycles do not necessarily prove that it's a pattern that will always repeat itself. From how I see things, Bitcoin certainly won't surpass $100,000 nor achieve a new ATH in 2024, perhaps it'll happen sometime in the first half of 2025 (the new ATH) but I can't be certain judging by the current economical situation and the war in the Middle East. If things go south, and they're heading that way, it's difficult for any kind of investment to thrive.

As you can see, I was quite confident believing that it's unlikely to surpass $100,000, but I was proven wrong, it hasn't surpassed it yet, but it doesn't really matter at this point, it reached $99,600, which is basically the same. With that being said, we shouldn't rule out any possibility, although $1 million seems extravagant, it might be possible in the distant future.

I think the OP is fast tracking to the future, not even the near future cause that figure isn't realistic in this bull run, it could be possible in the next two circles but not now, Bitcoin is almost 100k and yet to break into the six figures and someone is already thinking about seven figures. Well, it's not bad to think deep and wish your thoughts could be fast tracked into a reality, I'm not saying it's never possible, of course it is, we've all seen the potential and how far it could go, we've seen that more people are embracing it but then heading to the seven figures in this circle or even the next is not realistic, it would definitely get to that point sometime in the future and hopefully we'll witness it get there. I've stopped bothering myself about what the price of Bitcoin would be in future or how high it can go cause I've come to so much believe in the potential of it and all I care about right now is accumulating more of the coins for the future, which I consider very important.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: Zaguru12 on November 24, 2024, 10:28:42 AM

Quote from: BitcoinBarrel on November 23, 2024, 07:22:41 PM

$1 Million dollars will be a real possibility, perhaps not in this cycle, but indeed in the next 10 years.

Looking at the possibility of this happening in 10 years, yes there is definitely all possibility of it happening, bitcoin achieved its first $1k price after the 2012 bull run and then had a pump of 10x to $10k in the next bull run which is after the 2016 halving and then the next 10x from there took an extra two more halving (2020 and 2024), which means the volatility has been reduce needing at least 10 more years to get a 10x which is the current $100k we are touching soon. So going with this same trend then i will safely say we might need like three more halvings to get another 10x and that will be like in 12 years, precisely around 2036 halving. That will be like 2x the ATH after each halving period. This can be be achieved even before then but it is more realistic like this due to the decrease in its volatility

As far as I know, we have just over 1.3 million bitcoins left to mine and the mining of these bitcoins will last until 2140. Meanwhile, in just 8 months since the ETF was approved, they have purchased over 1 million bitcoins, which makes me question whether the halving is still the main catalyst for bitcoin price increases. In my opinion, we should monitor and evaluate the demand for bitcoin in the coming time to predict when bitcoin will reach $1 million instead of continuing to depend on halving.

If the demand for bitcoin continues to be maintained or tends to increase more strongly when Trump declares his support for bitcoin. Bitcoin hitting 1 million could happen faster than you think.

People are still clinging to the halving and thinking that is the biggest catalyst but in my opinion things have changed.

Poker Player

legendary

Activity: 1372

Merit: 2017

Did anyone freak out yesterday or get sad about the price drop? We have to be aware of the price levels we are at. When bitcoin was worth $990 it going down to $958 did not have the same effect on people's minds as when it has dropped from almost $100K to $95.9K. We have to get used to these price swings on the way to a million. In the not too distant future price increases or decreases of tens of thousands of dollars in a single day will be normal.

l99l

full member

Activity: 154

Merit: 115

Considering the growth after each halving cycle, I can say that I am optimistic about the price of Bitcoin at $1 million.
Many Bitcoin maximalists say this. I guess McAfee's prediction was not even realistic at that time, now they are talking about when it will happen.
I'm glad to be on this forum and that bitcoin is so inclusive.

I will remember this thread when Bitcoin reach 7 figures.

Topic: The BTC to $1M thread - page 4. (Read 1353 times)