When 21BTC = $1,000,000. If | Bitcointalksearch.org

jc89

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Quote from: Minecache on May 26, 2017, 04:10:32 PM

Predicting a state of economic value. When. If.

If 1 BTC = 47619.0476 USD.

At our current rate, this is very far from it. However, Bitcoin always surprises us. If Bitcoin continues to double its value within a year, then we might see this in reality after about 4-5 years. Or maybe we will see that earlier that I anticipated. Who knows, right? All are just speculations and nobody is certain.

Pente

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Wish I had 21 BTC, then I could dream about 21 BTC = $1 Million too

freedomno1

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Learning the troll avoidance button :)

Quote from: Minecache on May 26, 2017, 04:10:32 PM

Predicting a state of economic value. When. If.

Seems like a fun prediction well 21 BTC is now $63,000 was $21,000 back in 2013.
But now to 1,000,000 we are only 6.3% to the goal so I would say about the time it takes for an asset to hit the mainstream adoption cycle it should be about double this to hit another tipping point so I'll go with 2019 to 2022 assuming no serious issues
https://image.slidesharecdn.com/liftpresentationronmarch192013-130326141145-phpapp01/95/innovation-and-the-scurve-10-638.jpg?cb=1364307293

andrei56

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Quote from: pealr12 on June 04, 2017, 10:12:00 AM

Only time can tell, but that scenario has a big chance that it will happen someday. And 21btc is already millions here in my country,cant wait to see that 100btc is already billions here in ky country.

That is the best part, many use the dollar as a measure stick that bitcoin needs to measure but if you are in another country then bitcoin can buy even more since in other countries the cost of living is a lot cheaper than the cost in the US.

sasaku bitbit

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Quote from: Farcoin12 on May 31, 2017, 05:47:02 AM

Quote from: Bitcoinaire on May 29, 2017, 06:14:50 PM

Sometime in 2018.

Yeah naaahhh. That is definitely not going to happen. The price just took a huge hit and definitely hasn't bounced back yet. Also, if we wanted 21 Bitcoin to be worth 1 million dollars, then it would have to shoot up at a really high rate. Meaning that it would probably just crash back down. It definitely isn't going to happen in 2018.

I agree with your opinion it is true if we want to be worth Bitcoin 21.1 million dollars, then it will have to shoot at a very high level. That means that it's probably just going to crash down. It's definitely not going to happen in the year 2018. and will make the disappointment many users

Optimiza

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In 2017-adjusted dollars, I think there is a very good chance for bitcoin to be worth that much if it can retain substantial market share among competing crypto-currencies, which is very plausible. I am betting that Crypto currencies and crypto economy will be a substantial part of the future finance and economy, overall it may be eventually worth trillions (adjusted for inflation) and bitcoin is the main player in it so far.

In nominal dollars, I have a trillion dollar paper note from Zimbabwe. This is what happens to all fiat currencies. Judging by the exponential rate in debt and dysfunction that time the dollar and all fiats will start hyperinflating will not be long, I think it could well happen in a decade. If bitcoin only innovates and community makes survivalbe decisions, then it is possible each bitcoin could be worth millions of dollars or more in a not too distant future; but millions may not mean much by then.

Denker

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Quote from: mindrust on May 31, 2017, 03:06:15 PM

We are going nowhere without solving the scaling issue. Bitcoin has zero chance to reach 50k if it doesn't solve it.

People are desperately trying to use bitcoin in their daily shopping, in restaurants, in coffee shops yet it is getting impossible to make a transaction with every day bitcoin gains value.

When a bitcoin becomes 50k$, to make a 10$ purchase, you'll need to pay 0.0002BTC. Have you ever tried to send 0.0002BTC nowadays?

SegWit is coming my friend! Don't you follow the news?! August the 1st will be Bitcoin's Independence Day!
And with SegWit, Schnoor, MAST and second layer implementations like Lightning will follow.
So I don't see any big scaling issue for the near future.
Therefore the price will rise. And will fall again. And repeat that cycle again and again and again for many many more years. Grin

Maheshkumar_Hrangkhawl

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I guess sometime in 2020 or 2021, if everything goes according to our plans. But if something goes wrong, such as a hack in some of the major exchanges, ban in China.etc, then I am afraid that we may never witness these levels.

Question123

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I think 21 bitcoin is not enough to millionaire or to get $1 million because you have 21 bitcoin the price will be needs $50,000 and thats very impossible to happen. Maybe the price of bitcoin the highest only os $20,000 .if you have 50 bitcoin they have possiblt to have $1 million dollars but you need to wait because the price after many years will become stronger and popular to whole world.

timmyp

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If the current price action continues on a logarithmic scale we should see $50k in 2018.

Here is an interesting spreadsheet I found online:
https://docs.google.com/spreadsheets/d/16Wl2UNQ5KMH26hG0Pta0kV7AptPvZVTykVnqFdUerpw/edit#gid=0

cellard

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Quote from: Minecache on May 26, 2017, 04:10:32 PM

Predicting a state of economic value. When. If.

Somewhere during Trump's mandate, the bond market is going to crash, and boomers which have been saving billions worth of retirement money on there, will be forced to dump their portfolios. A small % of that money going into bitcoin could start a cascade of capital fleeing into the market that could make bitcoin reach 7 figures. So somewhere in the next 8 years we are going to see an huge pump.

pealr12

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Only time can tell, but that scenario has a big chance that it will happen someday. And 21btc is already millions here in my country,cant wait to see that 100btc is already billions here in ky country.

Mr.grin

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Well, 21 btc may be too little to arrive at a $ 1 million price. Maybe at that moment, bitcoin really needed, and very step. If bitcoin prices are high like that, it will be very difficult to find it, but I hope bitcoin is still easy to find, and I think it will happen in 2020 or more.

andrei56

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Quote from: mindrust on May 31, 2017, 03:06:15 PM

We are going nowhere without solving the scaling issue. Bitcoin has zero chance to reach 50k if it doesn't solve it.

People are desperately trying to use bitcoin in their daily shopping, in restaurants, in coffee shops yet it is getting impossible to make a transaction with every day bitcoin gains value.

When a bitcoin becomes 50k$, to make a 10$ purchase, you'll need to pay 0.0002BTC. Have you ever tried to send 0.0002BTC nowadays?

If bitcoin reach that price then we will not use bitcoin to buy anything so cheap, it is like trying to buy something for 1 cent with a hundred dollar bill, no one in his right mind will do that, you will pay with a quarter or at worst with a dollar, so if bitcoin reached that price we will use another coin to buy something like that.

Asrael999

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Quote from: jtipt on May 31, 2017, 11:30:39 AM

Quote from: Minecache on May 26, 2017, 04:10:32 PM

Predicting a state of economic value. When. If.

We are not even one-tenth the way there as of now. Now any speculation on this would be completely guessing, there is absolutely no way we can predict when BTC's price will increase 20 times, that's just too much. All we can say that it will happen in near future, lets leave it at that.

Bitcoin was 1/25th of its current value as recently as 7/2013, less than 4 years ago. I would not bet against a 25 fold rise in the next four years. Current wallets are what 15 million, 25x is 375million, so roughly 5% of the global population using Bitcoin

mindrust

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We are going nowhere without solving the scaling issue. Bitcoin has zero chance to reach 50k if it doesn't solve it.

People are desperately trying to use bitcoin in their daily shopping, in restaurants, in coffee shops yet it is getting impossible to make a transaction with every day bitcoin gains value.

When a bitcoin becomes 50k$, to make a 10$ purchase, you'll need to pay 0.0002BTC. Have you ever tried to send 0.0002BTC nowadays?

Asrael999

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Quote from: 19Nov16 on May 31, 2017, 02:11:06 AM

Used by many countries will affect the price of the bitcoin, if China, Rusia, USA, the European Union and many countries officially legalize bitcoin then price 21BTC = $1,000,000 is looks easy to reach.

Just to help you understand the way the legal system works in the UK, US and the EU at least...
If something isn't actually ILLEGAL it is actually officially LEGAL by default. We make laws about things to make them illegal - we make things legal by repealing the laws that made them illegal in the first place. Bitcoin is already Legal in the UK, US and EU

wuvdoll

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Quote from: ArdiPrabowo on May 31, 2017, 11:47:18 AM

only dream is never real
this mean 21 bitcoin = one millin, equal 50k dollar, if bitcoin price reach 50k dollar is many problem can accident, the first about very high sending fee

But this is not going to happen tonight or tomorrow morning. It will take some time frame and with those time gap we can expect bitcoin transactions fees will be settling down to where it was some times back. Because there are proposals to solve the scalabilty issues so we can expect transactions fees to down down.

When bitcoin will be having value near $50k, I guess bitcoin must have hit the main stream adoptions as many country would have followed Japan for legalizing bitcoin usage.

wowanstrong

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Quote from: ArdiPrabowo on May 31, 2017, 11:47:18 AM

only dream is never real
this mean 21 bitcoin = one millin, equal 50k dollar, if bitcoin price reach 50k dollar is many problem can accident, the first about very high sending fee

Generally speaking, Nobody prevents anyone from dreaming. It seems to me that within a few years such a dream is possible and will come true but I do not know how much true forecasts as to how the root can rise and how much it costs. I've even met with talk about the fact that one Bitcoin can also cost 1million dollar But how realistic is this?

ArdiPrabowo

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only dream is never real
this mean 21 bitcoin = one millin, equal 50k dollar, if bitcoin price reach 50k dollar is many problem can accident, the first about very high sending fee

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