Topic: UPDATE (Read 3983 times)

No,but who knows what will happen with dollar maybe in years 100$ will be 1mln$
I ve been experiencing that in my life in my country,so 10 years where world will be that time

I do not think that the Bitcoin is ever going to reach 1 million because that seems a bit unrealistic, so do not hope that it is going to happen because it is not.
The price over 10 years is going to be somewhere in the thousands but it is not going to be one million.

Right, but possibilities are there that if the coin gets its mining done and people decide not to sell it under a specific level and we get an audience to buy it at our rates, then we will surely see at least 100k in the next few years.

I find even a price of $10K to be quite unrealistic to happen in just 10 years.

It means that we'll need to see a massive yearly growth in the price of around $800-$1000 every year in order to reach $10K after 10 years.

No never it's very impossible for bitcoin to reach 1M price in just 10 years even though it's quite to long time to wait it's still not enough even hundreds years. For me the realistic price that bitcoin can reach is ranging about $5-10k after 10 years. Don't expect too much for the price because those people who expect too much are the ones who always gets hurt

If 50% of the people in the rich countries adopt and start using bitcoins, the price will reach 1M.

This is almost impossible.A cryptocurrency might never reach such level of popularity.

People just want paper money guaranteed by the central banks and the governments.

This will not happen, 10 years is way to short and 1 million is way to high....
I would like to see this happening but I doubt it would be even in 100.000 USD per bitcoin.

It is impossible because nowadays there are more altcoin, so people have choices for their e-currencies not only Bitcoin

It's impossible bitcoin would reach 1M $ value within 10 years. 1M $ is a big value and 10 years is a short time for currency to have big improvement.
Also, In future there might be another better cryptocurrency than bitcoin.

No. Because i think bitcoin needs more time. It's will take a very long time to reach that because we can see that even now the price is hard to reach $1k per piece so that $1M per piece will needs a lot of time at least 100 years i think (lol). It's just my opinion.

No. I think that's impossible. That would make it over twice as valuable as gold. A change like that doesn't happen in 10 or 100 years. That would mean governments and central banks would have to be buying it which i don't think is ever gonna happen.

$10,000 is very possible. That's still only a fraction of gold. $100,000 is starting to look like a major, major stretch. $1 million is dreamland but don't be sad about it.

I also do not believe that the Bitcoin price is going to be one million is ten years I do not even believe that it is ever going to happen. There are so many people that at least have one Bitcoin, do you know how much money there is going to be made if the price was one million per Bitcoin.

For OP, im not sure if btc will reach $1M, i think btc price can reach $100k max, thats why im choose option 4. btc price very unpredictable, sometimes it decreased (too many people sold btc (supply > demand), sometimes it increased (too many people buying btc (demand > supply)

I do not know what to expect from the Bitcoin over 10 years but I know that the price is not going to be 1 million.
The chance of that happening is pretty small but I do believe that there is small chance of it happening.

In ten years can happen anything and dollar can become a worthless currency, that bitcoin can be even 10M$. But i think bitcoin will stop rising on 1k$.

I think that it is not going to happen with in 10 years it just is way to soon. I am not saying that it is impossible but I do believe that the chance is very small.
We are so far away from the 1 million, we are still with in the hundreds so we will have to get out of that first.

That's what I think too, price wouldn't cross the $10,000..With the current movement in price, when the price rise, there will be a pull and the price would drop again and start to crawl again little by little..probably some investors have enough of bitcoins already and after 10 years, if there are still news that could ruin the reputation of bitcoin, I'm afraid that it will always pull bitcoin to the ground..

It cant never reach the 1million you see already know that the value keeps stable and that Bitcoin is not even rising and many people are telling that the value will be also not high after the halving.
We have to be realistic and dont dream because it is impossible it can only reach the $10000 I think or even lower.

i think the highest rate for 1 bitcoin in future is arround $10.000 no more. maybe we can reach $1000 in2017 , then $2000 in 2018

I will be very happy if we even reach $1000 again before the end of 2017. First $1000, then look at $2000, then look at $3000, etc. And not $450, and then look at $10,000 or even $1,000,000......

No I do not think that this is going to happen with in 10 years it is just to soon for something that big to happen. But this is what most Bitoin users are hoping for, but they will have to wait longer then 10 years I think. 

I can  say that it's quite clear that it will never happen unless Bitcoin rules the world but no. Government won't let that happen. Besides, as long as we still have to convert bitcoin to usd to know its value it won't reach that high

There is around $75 trillion in terms of M3 currency supply on the planet. Perhaps an underestimation, even. If bitcoin becomes the dominant currency on Earth, then it is possible for the price of one single BTC to go up to 75,000,000,000,000(currency supply)/21,000,000(bitcoin supply) = around $3571428 per bitcoin. So $1M is definitely possible.

Exactly if some form of growth happens in the supersonic speed the price might reach $1m. At the same time if their is small flaw on the growth the increase will drastically fall.

No, yes only whan situation from 1929 will repeat.In one night sutcase of Deutche Mark was worth packet of matches
so maybe in 13 years,after next ten WW2 begin

It is hard to reach that value as you can see now you see already also that the value is now stable and it is not even rising now so that is quite bad for the people.
And you need also some more coins to make profit with Bitcoin.

Are we speaking about hyperinflation?
If yes then $1million can be reached extremely fast.
Under "normal" circumstances a coin worth $1million will not happen in ten years of time.I can not see that happen.

Yes I honestly believe that bitcoin will be $1m in coming years although that will happen in next ten years seems not possible.Maybe in next 25 years or so

It will probably never happen, If we reach $10000 I would be already very happy

This would all depend on the trend of the economy. Supply and demand.
It's true that 1M$ is overestimating the value of bitcoin as many of the users are already holding on to bitcoins and risking that the price will go up.
1 reason that this will not happen is that, say someone bought 100 bitcoins now, that's over $40,000. And in 10 years time, the total value of those bitcoins become $100M. Just how much do you think that will ruin the economy?

and the other 10% are just pure luck lol.

If I had a penny for every guess at each stage of from the btc prices every input i`d be rich by now.

but overall I think the price will hold at like $2k max in my view.

no,i think bitcoin will never reach $1M price,even we all wait for 10 years,bitcoin will not reach that price,however bitcoin is crypto currency,its not familiar like any investement and payment,say it that gold and other value thing never reach that price.

To think bitcoin has already achieved the unthinkable- imagine guessing the price 4-5 years ago.

It definitely needs more time and I agree that bitcoin doesn't need to achieve $1M (current value) to be successful.

Maximum bitcoin can reach is $10k not more then that, we need to thin of a realistic value that is achievable and I don't think $1m is every possible for bitcoin to achieve.

I think No, bitcoin's price won't reach that high...$1 million is too much...that's hilarious...price won't even reach 100k after 10 years..with the current situation that price drops whenever it gets high, then probably this will just be a continuous cycle and might only increase few dollars at a time and might not be noticeable..

Yeah I agree, people are really hoping for this to happen I am not sure how big the chance is of this happening but is seems small. There is nothing with wrong with getting your hopes up but we have to be realistic.

For me, I don't think bitcoin price would be increase that high. 1M$ is a big value and 10 years is not quite long time.
Maybe, in next 10 years bitcoin price would be increase high, but it wouldn't reach 1M$.

My friend, Bitcoin is not responsible to solve infrastructure and resource problems. We leave those things to companies that specialize in those fields. I know Google are working

on Project Loon to solve these problems. https://en.wikipedia.org/wiki/Project_Loon ....Bitcoin already solved some of the financial challenges like enabling cheaper micro

payments and also making alternative options available to give access to people, who were previously unbanked. Once all of this is in place, we will see 6 figure Bitcoin prices. 

We need to get some sort of realization how to achieve a 4 digit number before thinking of a million value. We can achieve million value but I think it will take a lot of time it needs to be use for almost half of the world population. as many country has still lack of access in technology, 3rd world country as I lived here. Most of places still can't access computer and much more worst electricity so how can they use bitcoin if they don't have the tool to do so. Let's think of the basic requirements first on how to achieve this value.

it's quite pointless at the moment to think about prices higher than $1000 while we haven't even managed to break through the $500 and the $600 price levels. thinking or dreaming about prices of $1000 is one thing, but thinking or dreaming about bitcoin reaching $1 million is beyond insane. all people should keep it real and focus on the $500 level now.

i have to says no and never and i'm so doubt bitcoin will reach to 1M$ even for next 10 years i think that is impossible for me
and the highest prices for next 10 years might be approximately $3000 but it could be less than that

No it will not. I know that people are hoping for something like this to happen so they will not have to work ever again. But I think it will not be that high, maybe in the thousands could be possible.

Impossible to predict.
I hope it goes that way.
It is possible if most of the big countries accept bitcoin as the dollar or the euro , ...
There should come out a hope more positive comments in the press. Then it will go up bit by bit and who knows where we end ...

I dont think it would ever reach 1 million in a lifetime. Looking upon the price of 1 bitcoin right its to hard to believe it would reach 10k also atleast.

To reach that amount of money I think a lot of people need to use bitcoin that and that will be take a lot of time.

But who know mabe in 30 years can happen.

I voted as yes but there is lots of thing that may change with time and also that will impact on bitcoin price. If quantum computer or so called DNA computer get into market than bitcoin will never reach that mark and i doubt it will eventually die. Lets hope it will not be developed within 10 years.

This kind of report which offer to many data (even extreme ones) have not taken in consideration one very important thing: its decentralization. That mean that no one can cares for it. No one can command it. Bitcoin is like a newborn, newrace "frantic" horse which do what it want. Every model is make based in data taken from the market but not for things out of every kind of control like it is bitcoin. A currency without Central Bank or other Authorities which can regulate (not control like must be and like it is for every other currency) it; or at least to influence the markets where it act.

The above things make any kind of prediction or hypothesis very less probable to verified or to have some real point on it. For more when don't holds no clear stance. The article show the make of a very big voluminous work but you can find even sentences like that: "Despite a mostly positive outlook, Wedbush acknowledged that the price of bitcoin could ultimately fall to $0 or otherwise rise and fall erratically."

For what was all that work and all those calculations if is written such sentence? Where is the value of the work made? The only meaning of this phrase is that bitcoin can go even in zero or in every other value over the zero. Or in some of those. Always conclusions issued from data regarding a currency out of every kind of control. But who cannot have other values. If bitcoin is out of control it was enough that only of the factors taken in consideration from the authors go a little different from the one used by the authors to make their predictions and everything go down. Fact this that can be verified with big probabilities. Repeat: bitcoin is out of every kind of control. As such can do what it want. This fact bring new predictions. If will continue in this way bitcoin can have all the possible values.  If so, for what is needed the study. Everyone know this fact.

A lot are made, but only the right ones will be quoted

Enjoy!

http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

no one know, but in 10 years the mining supply will be useless, so it is as we are already in 2140, hence i would say that from 10+ years there is ahcances for a big value in bitcoin

not that i think miners are putting a big pressur eon the market even right now...they are probably holding 50% also

Bitcoin price in 10 years can be over 10k/100k$ (or worthless which I don't think it will happens).
I voted the 4th suggestion - even thinking that in the future we will not compare btc/usd but mbtc(better to find a cute name for it)/usd

To be on the safer side of speculating I would say only time would tell. We should probably let Bitcoin roll on the steep and low roller coaster and attain some form of long term stability in its price which could make a big difference.

I think we should be more realistic about price predictions.
It may definitely hit $1m but it is more likely to hit $10k.

Well if fiat collapses, there is no point in measuring things in dollars. We should be saying that in 10 years everything will be denominated in bitcoins

I surely hope so, but I don't think it will happen if I look at it from a realistic point of view. There are too much people with at least 10K BTC. And do you remember the hamburger king and experienced pussy lover, Mark Karpeles? Don't you think he'll get mad and start dumping like there is no tomorrow?

all what i think is it won't happen, don't even dream nor wish for it 'cause you'll just be disappointed and frustrated. personally i am happy with btc going back to $1k once again, definitely more possible in just years or maybe even in just months...

If fiat collapses the world will be in melt down mode and Bitcoin won't be an easy savior. Especially if we've lost the ability to access the internet (which is perfectly possible if the economy is breaking down).

ALso, if Bitcoin becomes the only monetary system imagine how all the people in power will want to control and manipulate and dominate the bitcoin world - it's already happening!

III WW ?

If fiat collapses, then for sure, btc will rise to its true value.

Yeah, that's a great point. The growth will be sporadic and exponential (hopefully at times!) I still can't imagine a $10,000 per coin valuation. It's not like people are putting numbers to their claims or predictions...which makes it worse. It hypes people up with no fact or logic or math to the predictions...

This technology is too revolutionary and disruptive to have a nice and slow smooth growth. If you think time is relative to price increase you have got it wrong. We will have supper big rallies of people realizing they are idiots by not being on BTC yet and FOMO will ensue tsunami type of price raises at any given time. It will the least expected day where the big rally begins.

Ok, so most people say "not in 10 years"...then how many years (since these same people are not saying "No")?

And I'd love to get some logic or rationale.

Yes its possible, maybe by that time we wont have such crazy bubbles.  If so i think it could.  $100k in 5 years for sure though, after that who knows, it could be a top.

I don't think this is going to be happen in next 10 years because 1 M$ is very big amount if its going to touch 5000$ during this period this could be very good and in my view equal to 1 M$

1 million is way too much. Even if WallStreet investors come on board it won't happen. My guess is that the price will reach a few $K at most within 10 years.

I think Bitcoin will keep its function as underlaying value to other developments being the proverbial internet gold...
To get to a one trillion dollars market cap 1BTC will have to go $50K+ which I think is possible
To get to a twenty trillion dollars market cap within 10 years however seems a bit less probable but hey, here's hoping

I believe it has all the potential to go, at least up to the price gold now stands in 10 years’ time. Many financial advisers say it will be dead before that happens, while others are confident it will succeed and go up indefinitely...

Says the guy who's name is  "Bet Wrong"!

Why do you think this is possible? In the last year the price has only gone down! There's not a regular growth of price so something significant and unforeseen would have to happen to get the price that high.

Yes it can!
When?


If everyone start using it to transfer datas.


Will t happen?

Most likely not, since Bitcoin have lots compilation.


Will Bitcoin and his competitors be worth 18M*1M?


Yes, but maybe not in 10 years time.

i think it's not possible. i don't even think we'll see the price reach $10,000 somewhere within 10 years. it's basically hoping for something that won't happen. it's better to set yourself some more realistic targets in the range of $2000-$3000 in 10 years.

Reach 1M? if bitcoin start being adopted for just a few percentage of the total population, then, you should add more options to this pool, 1M seems to be pretty low

Nah but seriously if you was asking about 1 year or so i would tell you that no, i dont think it will reach a huge amount of money ( in fiat ), but 10 years? i really think that it can be something near possible. Bitcoin is growing up good in the last years.

Can you provide a link to this? I'd be interested inreading the analysis. Numbers seem a bit arbitrary though.

50% chance of making it? It already kind of made it. It is everywhere, used for everything, now only a larger userbase is what we need to grow faster.

According to one of the studies done by one American analysts house, Bitcoin has a 50% of disappearing, and 50% of making it. Out of those 50% 0.02% are that Bitcoin will be a backbone of world financial system in the future and in this case 1 bitcoin would be worth $1M.

So yes, I guess we do have a chance. I mean even 0.02% is a chance!

This scenario of bitcoin reaching 1 million is impossible for now and probably won't happen during our lifetime, if ever.
Bitcoin is volatile, manipulated by whales but not to that point. The only thing that could create opportunity for bitcoin would be total economic crisis and fall of Dollar.

I don't know about 1M $, but Bitcoin can reach $10k in 10 years IMO. I'm not saying to reach 1M $ in 10 years is absolutely not possible, but it is highly improbable.

I don't think so. 1 millions us dollar for 1 bitcoin is a very high amount and even the most courageous of us cannot (must not) hope such price (at least according to me). We are in a situation in which most of the countries ignore bitcoin (that mean that the spread of it in those countries is nonexistent or very few), we have some countries which has banned it and some others who have regulated it (in various ways). This situation can't leave to many hopes about this prediction. But even if this situation would be much better I don't think that bitcoin will arrive that price someday. I will be more than happy if it will be possible such thing but, as for me, it is only a hopeless imagination.

the price right now is still being dumped, and you're talking about 1M, values like this can be considered when we can achieve 4 figures first, not when we struggle to reach 500 usd

it can be possible but highly unlikely

we are never know what happen to bitcoin price in the next 10 years but for reach 1M$ i'm pretty doubt bitcoin will hit that price but probably we need more time for reach it

I do not think that far, in fact I think this is impossible. I just think the highest bitcoin price ranges $1000 - $5000

I dont think we can reach 1M in 10 years but you never know. Ten years is long period and lot of shit can happen in that time.

If btc is trading above $1000 in 10 years, I'd be surprised.

that will great  but it is very hard for bitcoin to reach that in 10 years maybe more but who know maybe in 10 years i will reach the half and then the bitcoin will be the main currency when it reach that level it will be easy for betcoin price to be 1M$

The price will not rise to $1M in 10 years. It might be $100,000 in 10 years, depending on adoption. If it cannot reach $10k. It means it has failed.

I think so it can take more time to each this $10 M/Btc as per many expert analysis it can go up to  $10.000 within 10 years so that price your expecting in that period is looking short.

10 years is short term 
You have to think bigger.
What if bitcoin becomes the main currency for decades ? (like it was intended to be)

Yes it can i wish it could be there in next 10 years.

UPDATE