well, you just make some theory based only from CMC historical data,and you make conclusions based on the development of BTC data from year to year.
it's not enough I guess to make perfect predictions ,there are many things that can affect the price of btc, and what is in CMC is the result of all these things,so you make it as if all of those things have not changed.
velocity,liquidation,hodler,dominance of btc, it can be changed any time.
so , i guess no exact answer about when $1 million price for btc.
Topic: When bitcoin will hit $1 million ! (Read 1013 times)
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.Jonh McAfee Prediction URLs:
https://thenextweb.com/hardfork/2019/10/03/satoshi-nakaboto-john-mcafee-reiterates-his-2020-1m-bitcoin-price-prediction/
https://blockonomi.com/john-mcafee-defends-1-million-bitcoin-price-prediction/
John McAfee is too far to predict, $ 1 million per btc, how many decades to achieve it, I don't think bitcoin will reach $ 1 million too crazy, honestly I don't believe the predictions issued by John McAfee.
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.Jonh McAfee Prediction URLs:
https://thenextweb.com/hardfork/2019/10/03/satoshi-nakaboto-john-mcafee-reiterates-his-2020-1m-bitcoin-price-prediction/
https://blockonomi.com/john-mcafee-defends-1-million-bitcoin-price-prediction/
Forget people's predictions about when bitcoin price will hit $1 million dollars because only God knows that. From 2017 to date, there are thousands of different bitcoin price predictions and you know what is funny about the predictions all of them are wrong. I even started thinking the bitcoin price will never reach a million price tag in our lifetime maybe our kids will see that but not us.
The previous market is proved it will raise for future days and now everyone understand Bitcoin is the volatile Cryptocurrency, so It is impossible to reach $ 1 Million on future. We are all know BTC is the unpredictable crypto currency so it will going to moon also possible But 1M USD is huge expectation. I hope our kids also never see this value because technology will increase continuously so anytime it will stopped on future. 
Due to measuring the price in Dollars and a possibility of great instability in dollar value and deleveraging of debt sustaining current dollar pricing that in turn makes inflation in many prices far more probable then any of us would rate them. How many people are speculating on the price of bread or a jug of milk in ten years, nobody really and we all need those commodities and will be buyers for sure. BTC has the double complication of having growth and a changing product within itself but 1 million as a price is certainly more possible then we would expect.
The one limitation I can see that makes such a high price near term unlikely is that great rates of change point to inaccuracy and a more likely failure of that standard. Obviously I already said its the dollar which is going to be unstable almost certainly based on the current reality and known details and how that situation will unwind but I would still say great change over small amounts of time is not likely to come out of nowhere. We have to estimate some kind of reliable trend and then speculate this growth trend for BTC will continue all the way to 7 digits, I'll take that kind of prediction over a twitter hype statement.
The one limitation I can see that makes such a high price near term unlikely is that great rates of change point to inaccuracy and a more likely failure of that standard. Obviously I already said its the dollar which is going to be unstable almost certainly based on the current reality and known details and how that situation will unwind but I would still say great change over small amounts of time is not likely to come out of nowhere. We have to estimate some kind of reliable trend and then speculate this growth trend for BTC will continue all the way to 7 digits, I'll take that kind of prediction over a twitter hype statement.
Forget people's predictions about when bitcoin price will hit $1 million dollars because only God knows that. From 2017 to date, there are thousands of different bitcoin price predictions and you know what is funny about the predictions all of them are wrong. I even started thinking the bitcoin price will never reach a million price tag in our lifetime maybe our kids will see that but not us.
I don't think Bitcoin will hit $1M and even just a hundred thousand of it because the price is too high to achieve. Except it the dollar currency will be under valued which is also very impossible to happen then maybe Bitcoin will reach that $1M mark. We should also consider that the more Bitcoin become more expensive then it will become more difficult to purchase for an investments that is why $1M is very impossible to become a reality.
bitcoin will overprice if hit $1 millions.ideal price for bitcoin in think still below hundred thousand.if fiat many , mainly usd dollar crashing that followed by commodity and oil maybe it possible to happen.in normal range it will not reach 1million .investor and common people will not spend their money to portofolio with high price.
I don't think Bitcoin will hit $1M and even just a hundred thousand of it because the price is too high to achieve. Except it the dollar currency will be under valued which is also very impossible to happen then maybe Bitcoin will reach that $1M mark. We should also consider that the more Bitcoin become more expensive then it will become more difficult to purchase for an investments that is why $1M is very impossible to become a reality.
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.Jonh McAfee Prediction URLs:
https://thenextweb.com/hardfork/2019/10/03/satoshi-nakaboto-john-mcafee-reiterates-his-2020-1m-bitcoin-price-prediction/
https://blockonomi.com/john-mcafee-defends-1-million-bitcoin-price-prediction/
My bet would be years as in 30-50 years.
Even if the price of bitcoin reaches those valuation have you considered the transaction fees you would be giving when the price reaches those valuation and for that we need more updates in the bitcoin network and if that happens then i expect the price to reach those valuation, if not it is just a wet dream for everyone 
.
I'm gonna use block rewards as a measure. If the current price $8,000 is the average of the all-time high price of $20,000 and the climb from $2,000 and miner's costs are around $6,000 - $7,000.
What happens when the block reward is reduced to 1btc? Today it is 12.5 btc which is around $100,000. Then 1 btc could be $100,000 someday. I think the $1m per btc is possible when governments are also hoarding bitcoin.
What happens when the block reward is reduced to 1btc? Today it is 12.5 btc which is around $100,000. Then 1 btc could be $100,000 someday. I think the $1m per btc is possible when governments are also hoarding bitcoin.
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.I have a very interesting theory about when exactly bitcoin will hit $1 million.
I said everything in the video, I'm sure you will like it.
It's not an investment advice, but just an observation from me, after following bitcoin for more than 5 years.
Please watch the video here and tell me what do you think :
https://3speak.online/watch?v=clixmoney/hjimplyn
I said everything in the video, I'm sure you will like it.
It's not an investment advice, but just an observation from me, after following bitcoin for more than 5 years.
Please watch the video here and tell me what do you think :
https://3speak.online/watch?v=clixmoney/hjimplyn
It's still a long road from here. So many more hurdles to cross. But wouldn't mind seeing what happens when it doesn't hit 1m and McAfee might eat his d*ck
It is too far from bitcoin to reach $1million. Maybe we should wait for more than 50 years. LOL. I don't think bitcoin will it that but maybe if the dollar will be devalued then that should be possible, but I don't think the dollar will be devalued so there is nothing to think deeply if bitcoin will hit $1million.
Yes its too far to reach that price maybe we need more more years to reach that price. Maybe the next generation will wait that price of bitcoin. But we don't even know what happen next maybe this speculation of price will reach soon.
It is too far from bitcoin to reach $1million. Maybe we should wait for more than 50 years. LOL. I don't think bitcoin will it that but maybe if the dollar will be devalued then that should be possible, but I don't think the dollar will be devalued so there is nothing to think deeply if bitcoin will hit $1million.
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.
My bet would be years as in 30-50 years. It will take a generation of peoe in the 10ks and the 100k range to pass on. It would be tough for a large portion of people who hold bitcoin to not sell when it's at 100k, 200k, etc. That is life changing money for a lot of people. You will need more buyers in the 100k range than sellers which I just dont see happening in our generation.
Indeed, this will take a long way before we hit that price. Even if we say that bitcoin is volatile that huge amount cannot attain that easily it'll take a lot of actions before it happens like it should be legalized first across the world, it should be acknowledged by a mass number of people which is still not happening now. I believe that bitcoin will hit the given amount by the OP but USD is not something cannot be beaten easily especially by a decentralized currency hence, the government will do something to prevent it. 
I think the bitcoin price will hit one million dollars in the next ten years. Don't let anyone tells you the bitcoin price will hit one million dollars in one or two years. Look at how the cryptocurrency market is behaving since the last all-time high price which is ~ $20,000. The bitcoin price is still at $8000+ still has a long way to recovery perhaps in a year or two.
From that point of view there's no chance to accurately tells when bitcoin will jumped to a certain value, it will keeps surprising all holders and supporters who believes for the big future to come with their investment. Bitcoin still needs to have more exposures and more people who will take the steps adopting and supporting this alternative currency. Aiming to see that huge value will take a long road and need more investment to
show inside this market.
Bitcoin @ $1 million, that's so huge! Perhaps in the next 50 years, Lots of adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.
I think the bitcoin price will hit one million dollars in the next ten years. Don't let anyone tells you the bitcoin price will hit one million dollars in one or two years. Look at how the cryptocurrency market is behaving since the last all-time high price which is ~ $20,000. The bitcoin price is still at $8000+ still has a long way to recovery perhaps in a year or two.
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