UPDATE - page 2. | Bitcointalksearch.org

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: dinda22 on October 28, 2015, 08:09:21 PM

I agree with you, if the bitcoin price reaches $1m everyone will sell. no one dares if bitcoin price is too high, the risk is very big

As is so often quoted, $1 mil would mean there was somewhere around zero need to go back to your local currency other than tax paying, and even then there'd be services desperate for your coins so you could probably pay through them too. At that price level it would be used as actual money stuff across the globe. The era of speculating towards a potential far future would be dust.

dinda22

legendary

Activity: 1232

Merit: 1000

Quote from: Hugroll on October 28, 2015, 05:01:29 PM

i dont see bitcoin being worth 1 million ea within 10years, way too many people are hodling btc and if the price were to go that high everyone would just sell their coins and the demand would diminish, itll get to that price slowly and steadily but i certainly don't see it happening in 10 years.

I agree with you, if the bitcoin price reaches $1m everyone will sell. no one dares if bitcoin price is too high, the risk is very big

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: jaberwock on October 28, 2015, 02:17:23 PM

Of course it is possible with some trillions invested in BTC and its infrastructure, but keeep faith after 2 years of bear market is hard.

BTC may die too and be worth 0, I think it is more likely than 1M, but most likely none of them will happens

It is indeed more probable that we see 1 million per coin than we seeing 0. The amount of fiat out there... there are hundreds thousands of trillions out there, we just need a couple to come to Bitcoin and bang, here you have, 1 Bitcoin goes to 1 Million+.We just need more whales and average day people using it. Uber is 50 billion, Bitcoin is 4 billion... do the math.

Hugroll

hero member

Activity: 756

Merit: 500

i dont see bitcoin being worth 1 million ea within 10years, way too many people are hodling btc and if the price were to go that high everyone would just sell their coins and the demand would diminish, itll get to that price slowly and steadily but i certainly don't see it happening in 10 years.

lama-hunter

sr. member

Activity: 266

Merit: 250

Quote from: CoinNation on October 28, 2015, 04:57:10 PM

Quote from: vuduchyld on October 28, 2015, 03:40:16 PM

Quote from: Amph on October 28, 2015, 02:36:25 PM

it need to have 3333x bigger market cap than what it is now, which mean 12T, this mean that it need to sucks a monstrous value out of fiat money

adoption would be full at that point, surely more possible than a collision, but saying that it is possible does not mean that it will happen...

Yes, this.

Global M0 money supply in US Dollars is roughly $2.5 trillion. Global M1 money supply is $10.5 trillion.

So, sure, MAYBE bitcoin could get to $1 million...if it replaces the USD as the prime international currency. And the economy grows another 20%. And pigs stat flying.

This will not happen in 10 years. It may happen in 30-50 years. And it is not $1m in today's US dollar. It is in 30 year's US dollar.

How could you clearly say this? There can come different Movements for a big Pricerising like the actual syrian reffugee crysis, or the Problems in greece, or..
Otherwise i would say Bitcoin is open an will be back soon at his 1000$ mark where it belongs too Cool

Maybe iam just an optimist but i cleary think u cannot reach money by Mining but by invisting in the Cryptocurrencys Wink

regards
lama-hunter

CoinNation

newbie

Activity: 40

Merit: 0

Quote from: vuduchyld on October 28, 2015, 03:40:16 PM

Quote from: Amph on October 28, 2015, 02:36:25 PM

it need to have 3333x bigger market cap than what it is now, which mean 12T, this mean that it need to sucks a monstrous value out of fiat money

adoption would be full at that point, surely more possible than a collision, but saying that it is possible does not mean that it will happen...

Yes, this.

Global M0 money supply in US Dollars is roughly $2.5 trillion. Global M1 money supply is $10.5 trillion.

So, sure, MAYBE bitcoin could get to $1 million...if it replaces the USD as the prime international currency. And the economy grows another 20%. And pigs stat flying.

This will not happen in 10 years. It may happen in 30-50 years. And it is not $1m in today's US dollar. It is in 30 year's US dollar.

vuduchyld

sr. member

Activity: 364

Merit: 250

Quote from: Amph on October 28, 2015, 02:36:25 PM

it need to have 3333x bigger market cap than what it is now, which mean 12T, this mean that it need to sucks a monstrous value out of fiat money

adoption would be full at that point, surely more possible than a collision, but saying that it is possible does not mean that it will happen...

Yes, this.

Global M0 money supply in US Dollars is roughly $2.5 trillion. Global M1 money supply is $10.5 trillion.

So, sure, MAYBE bitcoin could get to $1 million...if it replaces the USD as the prime international currency. And the economy grows another 20%. And pigs stat flying.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Ten years for a completely new concept to completely take over the world in the most emotive and conservative part of most peoples' lives?

I'm going for a nope on this one.

lama-hunter

sr. member

Activity: 266

Merit: 250

of course it can! Cheesy

1 Millions seems to be very legit Cool

Awatin for that time an Satoshi would be an Dollarscents Grin

would be great.
Maybe we could steal the delorian and travel to the future to now it :=)

Ohterwise it`s the Futre of blockchaintechnologie. Banks are Out. Bitcoin is In.

regards
lama-hunter

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Few weeks ago there was an article where some financial analysts were trying to predict Bitcoin's future. They pretty much gave us 50% chances of disappearing and 50% chances of making it, while 0.02% chances of these 50% were that we are going to make it huge, meaning 1 bitcoin = $1 million. So yes, there are very small chances but still chances.

You can find an article in my post history but you have to dig through it.

Amph

legendary

Activity: 3248

Merit: 1070

it need to have 3333x bigger market cap than what it is now, which mean 12T, this mean that it need to sucks a monstrous value out of fiat money

adoption would be full at that point, surely more possible than a collision, but saying that it is possible does not mean that it will happen...

Raimonn

legendary

Activity: 1470

Merit: 1001

If bitcoin reach 1 Milion of $ could be because dolar crashed, and we will have a terrible inflation, and an hamburger could cost 100$ or more. All is possible but first bitcoin has to break the last top mark that was 1200 $

franky1

legendary

Activity: 4410

Merit: 4766

those that want bitcoin to be $1mill.. are the dreamers that only hold $300 and are hoping for a big lottery pay day in their life time.

RussianRaibow

hero member

Activity: 616

Merit: 500

I AM A SCAMMER

Let us reach 500 first. If it reaches 1 million, you wont need to ask anyone. It will be on every posible media and bitcoin millionaires will be featured on PlayBoy with nude models sitting on their lap.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Some people deciphered too what Nostradamus said when he was drunk.
If you try hard and think of all possible things that could be meaning, you have a good chance to also uncover the truth or at least sell a couple of books.

Now really.....

jaberwock

legendary

Activity: 2660

Merit: 1074

Of course it is possible with some trillions invested in BTC and its infrastructure, but keeep faith after 2 years of bear market is hard.

BTC may die too and be worth 0, I think it is more likely than 1M, but most likely none of them will happens

kaselit

member

Activity: 71

Merit: 10

UPDATE

Topic: UPDATE - page 2. (Read 2228 times)