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Topic: What would happen if Bitcoin did hit $1m by mid-2020? (Read 614 times)

hero member
Activity: 626
Merit: 500
If that happen that bitcoin hit $1m in year 2020 of course there are some new millionaire and some are losing money because once bitcoin hit $1m just expect the huge dump of it.
Many still hoping for a huge pump of BTC, even there is man new crypto released, but we need to consider that it will take again more advancement before it will reach that amount.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
If that happen that bitcoin hit $1m in year 2020 of course there are some new millionaire and some are losing money because once bitcoin hit $1m just expect the huge dump of it.
No. There cannot be a huge dump will be possible as more people will be rushing to buy some bitcoins rather than selling down. You cannot expect all the current holders to continue holding when bitcoin prices will be hitting $20k/$50k/$80k/$100k and so on. They will sell at some point for their own reasons. Some other whales and investors may sell to fulfill their dreams. Only less than 10% of current holders will remain same after 2 more years. Out of 10% of holders, 5% will opt for continuing their holding for the target of $10M levels. This means there will be less possibilities for huge dump when prices hitting million dollar levels.

Now come to the point of chances of having one million dollar value. It is 110% possible any may happen by 2020 or within 2025. It is possible only due to the new investors and their way of believing into the futures of bitcoins. In my calculation bitcoin may have $20M value by 2030.
member
Activity: 406
Merit: 36
If that happen that bitcoin hit $1m in year 2020 of course there are some new millionaire and some are losing money because once bitcoin hit $1m just expect the huge dump of it.
More like the same rinse and repeat process happening all over again like all we had last year. You are very right! Obviously, we will get to see a lot of FOMO kicking in once again during this period, and for those who are here now, and held steadfastly without having doubts about the future will be the ones to start reaping their own by then. It is certain, this is a market that is here to stay and obviously a point in time may come like this, but I am not sure 2020 would be something that we would see the possibility of a $1m. It looks far fetched!
full member
Activity: 1344
Merit: 102
If that happen that bitcoin hit $1m in year 2020 of course there are some new millionaire and some are losing money because once bitcoin hit $1m just expect the huge dump of it.
hero member
Activity: 762
Merit: 500
Which delta? ETD or Forkdelta? If you mean Fork I think that you were wrong cause only ETD is going to die and there are no traders and investors wanna use ETD to trade anymore cause it's not a safe place to trade so nobody wanna put their cryptocurrency in risk by using this exchange anymore although they can sell every token as they want on this exchange Smiley
Of course we are talking about ETD. Forkdelta in good condition. I do not understand what can be a reference in a decentralized exchange? I use the ETD de lait still and have no problem, tell me why it is not safe?  Huh

DELTA is dead, or better say ETHERDELTA, this exchange is already gone now and the platform was replace with FORKDELTA,
if you will visit this one, it is same feature as ED, but much faster and i think safer now.
This is the better ED and they will not let the old thing happen again.
hero member
Activity: 2618
Merit: 548
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1M seems a big thing to be reached, still we don't know what happens in the future when there is an increase in demand and decrease in supply as the production through the mining gets halved at certain time interval. To me 2020 is a big year that's been under hard expectation long back itself. With this I strongly say that, a massive growth will happen by 2020 and it won't take it to 1M
member
Activity: 280
Merit: 10
I don't think the extent is possible, not even the possibility that bitcoin will hit up to $1m. Look,  if bitcoin will hit that price even if the price will hit atleast $500000 this can not be healthy for the community of bitcoin because this will stop to the community to have an access for it and could be the start of the biggest fall of bitcoin and for the investors. But if bitcoin manage to stop the volatility and have a consistent upward, I think this will be great.
full member
Activity: 714
Merit: 114
Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it. 

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime. 

Then another Interview will roll out to question the bet about the $1M by the year 2020 speculation then he will say that he did not say that figures of prediction he will not remember a thing about that, even with the 78k prediction by the end of the year he did deny that statement how much more the eating dish of D on the national TV, you are right at the last part they did burn commonly with the weak handed and newbie people wondering to get rich very quickly.

That’s more than enough mate so much rise in 3 years can only be possible in one way that is if whole world adopt bitcoin and declare it as global currency and usage if cash become extent and then maybe a chance that price go so much higher and on that time people who are buying today if they will hold till then they will be the richest person of that time price will cross million but not so earlier it will take time.

Bitcoin is actually already a global currency because there are now lots of countries are accepting the use of it. We dont also need to wait for the cash to become extinct in order to see the value of bitcoin to climb up to 1million usd or more because that is totally impossible to happen . cash wont ever be existed because cash is our primary source of payment medium . we cannot buy a crypto without the help of cash or regular money .

and i dont also believe that bitcoin could rich upto 1 million dollar because that is already questionable and probably will cause to turn into a bubble.
hero member
Activity: 762
Merit: 500
Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it. 

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime. 

Then another Interview will roll out to question the bet about the $1M by the year 2020 speculation then he will say that he did not say that figures of prediction he will not remember a thing about that, even with the 78k prediction by the end of the year he did deny that statement how much more the eating dish of D on the national TV, you are right at the last part they did burn commonly with the weak handed and newbie people wondering to get rich very quickly.

That’s more than enough mate so much rise in 3 years can only be possible in one way that is if whole world adopt bitcoin and declare it as global currency and usage if cash become extent and then maybe a chance that price go so much higher and on that time people who are buying today if they will hold till then they will be the richest person of that time price will cross million but not so earlier it will take time.
hero member
Activity: 1666
Merit: 753
Well, first of all I don't expect this to be a realistic scenario. It may happen, if given more time than just a mere 2 years since adoption would grow and fiat would depreciate over tho long run, but it seems unlikely that this will happen all in the span of 2 years.

However, if it would happen, to me there are one of two possibilities:

1) Fiat hyperinflation globally causing the price to grow naturally as bitcoin is independent from fiat, and also a decentralised asset
2) Huge bubble in bitcoin markets, with herds of FOMO buyers.

Again, I don't see this happening. But I think that if it does happen, the first possibility is more likely. However, it's important to note that $1 million by then would be worth a small percentage of what it is worth right now.
sr. member
Activity: 574
Merit: 252
Wow! How i wish by that time i had also at least 2 bitcoin, i could be a instant millionaire also Grin. And yes i think it will have a big impact to our society by this time, the less fortunate people like me could have a small to get financially independent.
Good luck becoming an instant millionaire in a short period of time  Tongue , first let us see the price of bitcoin reaching the last all time high valuation and then we will think about realistic price valuations before thinking about million dollar valuation, i do not expect the price to reach those valuation in the next ten to twenty years.
jr. member
Activity: 82
Merit: 7
It doesn't make sense to me why bitcoin would be worth a million when it won't cost a million to mine it.
full member
Activity: 1470
Merit: 148
Well, how i wish Bitcoin value will reach such height soon so that i will be amount the millionaire in Dollars.  Although is may lead to serious inflation in the economy because they will be much in the hand of people in the society which will increase their purchasing power and as such may lead to demand pull inflation in the economy.
hero member
Activity: 2212
Merit: 670
Signature designer - start @$10 - PM me!
Anyway it is an exciting news that some people find fun and alarming for others. At that time many new crypto users will arrive and some workers will retire earlier than their jobs. Maybe.
full member
Activity: 378
Merit: 101
Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it.

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime.

Then another Interview will roll out to question the bet about the $1M by the year 2020 speculation then he will say that he did not say that figures of prediction he will not remember a thing about that, even with the 78k prediction by the end of the year he did deny that statement how much more the eating dish of D on the national TV, you are right at the last part they did burn commonly with the weak handed and newbie people wondering to get rich very quickly.
sr. member
Activity: 1400
Merit: 347
He said so often that he will not lose this bet!
So I believe what is going to happen is that he will buy himself 1 Bitcoin for $1million! He will probably buy it from a friend or so.
Technically that's not cheating as no rules were made if a private deal will count or not.


I'm certain he will do that. It will last for a few seconds, he will take a printscreen and then show he didnt lose his bet.
sr. member
Activity: 1274
Merit: 263
It will not happen because if that happen  many people become millionairr or some of them become billionaires and become like a billgates. The highest price of the bitcoin is only $100,000 and maybe it will not happen because bitcoin is in danger because most of the altcoin are better to bitcoin.
legendary
Activity: 1442
Merit: 1016
Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it.

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime.


He said so often that he will not lose this bet!
So I believe what is going to happen is that he will buy himself 1 Bitcoin for $1million! He will probably buy it from a friend or so.
Technically that's not cheating as no rules were made if a private deal will count or not.
legendary
Activity: 1526
Merit: 1179
Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it.
He will just deny having said that, or just try to talk it down in the way he was trolling or trying to be funny. In an interview with Patrick from Valuetainment he claims that he didn't say that in 2018 we would reach $78,000.

It was someone else having said that according to McAfee, while in the same interview they show a clip where he actually made that $78,000 prediction. It's nothing more than a joker.

Everyone can watch it here https://youtube.com/watch?v=WBgFGwJA1D0

If you only want to see the part about the $78,000 prediction, then fast forward to 48:10.

BUSTED!  Cheesy
hero member
Activity: 1246
Merit: 529
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Theres a dish called "dick", thats what McAfee will eat in 2021. He will prepare it on the television and will eat it.

For 1 million we need 20% adoption. We currently have less than 0.2%. This cant happen in three years, specially in a highly speculative market, where newbies burn everytime.


Lol he may be feasting on that dish quite sooner since he predicted it to be in 2020. A more recent statement of his even said it can happen sooner than 2020. Though I see it as you do dude. Newbies comes in big numbers and they affect bitcoin' price heavily once they start panicking.
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