Topic: When do you think Bitcoin will hit $1 million for the first time? - page 2. (Read 674 times)
April 14, 2023, 05:36:58 AM
To reach $ 1 million of course it takes a long process because the current price is around $ 30k, it needs an increase of more than 3300%, and in my opinion the price of $ 1 million can be reached at least 10 years from now, moreover sometimes the market has a bad trend that takes 2 or 3 years to recover.
April 13, 2023, 04:11:57 PM
Oh boy. I don't follow this section much, so maybe there have been threads like this going on all the time but IMO the better speculative question to be asking is when bitcoin will hit a new ATH and not necessarily one that's many multiples higher than its current one--it's 'only' at $30k after all, and there's no telling if the price is going to continue to appreciate or if we're going to see another crash.
They may forget that $1m is too high to reach, but of course there is always possible. It makes sense to talk about ATH instead of when that $1m is, for me those expectations are too hard to be real. :vI'm personally drawing on how the new ATH is hitting, it's a bit tough considering the poor economic conditions. So in the end, I just hope this positive trend in bitcoin price continues even if this year doesn't hit ATH. Oh really, if only $1m were reached by tomorrow then I would be so sorry to miss the ship. Lol
April 13, 2023, 04:01:15 PM
Oh boy. I don't follow this section much, so maybe there have been threads like this going on all the time but IMO the better speculative question to be asking is when bitcoin will hit a new ATH and not necessarily one that's many multiples higher than its current one--it's 'only' at $30k after all, and there's no telling if the price is going to continue to appreciate or if we're going to see another crash.
But if I had to play along and answer the question....Jesus, I don't know. Every other time I've made predictions as to when bitcoin is going to hit $X, I've been way too conservative. $1k, $10k, $50k, those have all been reached well before I thought they would've been. So $1 million? Eh. Five to ten years, maybe? But that might heavily depend on whatever future regulations come about and how quickly the wild west days disappear (which has been happening slowly but surely). Or perhaps not, but that's how I see it.
And LOL, even if it hit a million tomorrow I still wouldn't have enough to buy a car with the amount of bitcoin I own. That's pretty damn sad, wouldn't you say?
But if I had to play along and answer the question....Jesus, I don't know. Every other time I've made predictions as to when bitcoin is going to hit $X, I've been way too conservative. $1k, $10k, $50k, those have all been reached well before I thought they would've been. So $1 million? Eh. Five to ten years, maybe? But that might heavily depend on whatever future regulations come about and how quickly the wild west days disappear (which has been happening slowly but surely). Or perhaps not, but that's how I see it.
And LOL, even if it hit a million tomorrow I still wouldn't have enough to buy a car with the amount of bitcoin I own. That's pretty damn sad, wouldn't you say?
April 13, 2023, 01:31:28 PM
If there are people who are able to determine when bitcoin will touch that price, then more and more people will buy bitcoin, the problem is price fluctuations and no one can guarantee. Questions like this are more about belief and why bitcoin should be taken as an investment opportunity, whereas for the price of bitcoin it doesn't matter when we will see it at that price.
Basically no one can give the right answer to determine the price / value of Bitcoin, by having the fluctuating nature of Bitcoin, of course it cannot be predicted exactly, no one can determine the price or value of Bitcoin from both governments, companies and certain organizations, Bitcoin running freely under everyone's control. it's true if this is more referred to as belief now there is an opportunity to invest, actually it's not just that this is the right time, long ago it was a good time to invest.
No one can predict exactly when bitcoin will reach $1 million USD, but speaking of cycles there is a possibility that for the next ATH bitcoin will approach that price. But there is also no certainty whether we will see in the next cycle or in the year as you mentioned.
This is a very big predictive target, reaching $1 million USD is a big target, even though it basically takes a long time this is still a very long way to go. so far no one can predict it, either when or in what year he (Bitcoin) will reach it, Bitcoin has its own cycle chart, and Bitcoin will continue to run on the line, and maybe to reach it Bitcoin will penetrate its new ATH, maybe it will be close to the amount mentioned by the OP.
April 13, 2023, 01:01:18 PM
I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.
Optimistic about something good like Bitcoin is very permissible, but you also need to think more logically about this because right now the price of Bitcoin is still very far from the $100K level, and so is the $1 million level which I would not have thought of at all. private even if you give Bitcoin a few years. Apart from that, I also want to get a little insight from you about the $100K price that you are very optimistic about reaching this year. April 13, 2023, 12:38:03 PM
votes are almost equal lol , though the vote for never stands as 1 point 
I can't predict when but i believe this will come , it may not now or tomorrow but in the future .
1 million can be broken as people don't believe bitcoin will reach thousand dollars but now it is?
lets keep this faith and we will taste the fruits of our investments and trust sooner.
And what is interesting is most of them believe that BTC will hit $1m. If you think it's possible then you should have voted for the second to the last option in the poll as it includes later. I am not sure if $1m is possible because it will need tons of money to be able for it to happen and BTC needs to be a legal tender in the whole world which is unlikely because many of them are salty against BTC and will remain this way. I am not trying to be negative here but I only say what I observed.I can't predict when but i believe this will come , it may not now or tomorrow but in the future .
1 million can be broken as people don't believe bitcoin will reach thousand dollars but now it is?
lets keep this faith and we will taste the fruits of our investments and trust sooner.
BTC can still reach a good value of over 100k and we can already earn nice profits during that time. If $1m is possible, we will never enjoy it so I wouldn't wait for it to occur but if our goal is to have our kids and their kids a better future then we can hodl some of our coins for them and educate them on how to access it later.
April 12, 2023, 06:10:23 PM
What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.
2 months is too near mate and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)it is a too much expectation that will surely come to failure.
Maybe in the next 10 years, or maybe longer depending on how the market responds after the 2024 halving. If the next ATH can reach $200k, then there's a good chance we'll hit $1m in 10 years. Well this is just my assumption but anyway $1m is too big to be real.
i do agree on other sentiments on here that we do even having a hard time on bypassing or passing up those resistances which we are just targeting into those realistic numbers or levels but still ending up on having that wavy ride which is something that expected for a market something like this. Just let those people who do make out their bets and claims about a million per coin on a particular time or moment
which we know that it isnt something that we could be sure with or unlikely to happen.Everything would be depending on the demand and recognition in global scale then it might be possible.
April 12, 2023, 01:33:30 PM
What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.
2 months is too near mate and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)it is a too much expectation that will surely come to failure.
Maybe in the next 10 years, or maybe longer depending on how the market responds after the 2024 halving. If the next ATH can reach $200k, then there's a good chance we'll hit $1m in 10 years. Well this is just my assumption but anyway $1m is too big to be real.
April 12, 2023, 01:21:51 PM
What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.
2 months is too near mate and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)it is a too much expectation that will surely come to failure.
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes.And possibly that more than that which I've seen some predictions about it that the next bull run will surpass the $100k thoughts of everyone.
April 12, 2023, 12:32:43 AM
Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.
That's right, recently someone gave a prediction that within 90 days it will be 1M$ each, although that's his opinion but many people don't believe and just laugh at him on this matter.
And for me, it is still unclear that such a concept will happen in bitcoin. They say "Its too good to be true" that's why if the 100k$
after 1 year is still to happen before it happens how about 1M$ each bitcoin, isn't it?
April 11, 2023, 08:25:43 PM
What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.
2 months is too near mate and even how things go it is impossible for bitcoin to reach that high (at least not in the next Bull run)it is a too much expectation that will surely come to failure.
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes. April 11, 2023, 05:49:10 PM
What a nice coincidence, I just watched a video content talking about Balaji's bet on June that he's predicting bitcoin reaching $1M on that time. So we've got 2 months left until that bet and prediction he's talking about but I don't think that it will.
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I hope that by the next bull run, we will really see bitcoin reaching 6 digits. But just as last bull run that we're all expecting it to be 6 figures, it was a disappointment that it did so, I don't want to put much hope in it but will celebrate when it actually comes. April 11, 2023, 05:42:17 PM
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.
And, besides our desire to get some kind of profit, what other reasons are there to count on such a sharp increase in the bitcoin rate against the dollar? Already, the capitalization of bitcoin is a quarter of the capitalization of the largest corporation Saudi Aramco. If bitcoin crosses the 100,000 milestone, it will get closer to Saudi Aramco capitalization. What about investors who choose to risk an investment in an asset that will be worth more than any corporation in the world? Not necessarily our desire to make a profit correlates with the real ideas of potential investors.
that realistic approach considering that we cant just set out numbers without even trying to realize about its overall capitalization.This is why i did choose up never too because it is really just
too far off and something that couldnt really be attained because it would be overtaking lots of capitalization in related into those corporations and companies around.
Dont know on what it would be looks like if ever we do reach out on this one.
April 11, 2023, 01:05:40 PM
Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.
You are also relying on assumptions but not a concrete reason, cycles may give a new price for bitcoin, but no one can guarantee arriving at that price. So the reason is simpler, keep buying and holding the bitcoins that we have.No one can predict exactly when bitcoin will reach $1 million USD, but speaking of cycles there is a possibility that for the next ATH bitcoin will approach that price. But there is also no certainty whether we will see in the next cycle or in the year as you mentioned.
I personally hope that the best thing in this situation would be waiting for it, because if we all believe that it will happen, that means it will happen and when it happens could be irrelevant considering all we have to do is hold it and not sell.
April 11, 2023, 05:28:35 AM
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.
And, besides our desire to get some kind of profit, what other reasons are there to count on such a sharp increase in the bitcoin rate against the dollar? Already, the capitalization of bitcoin is a quarter of the capitalization of the largest corporation Saudi Aramco. If bitcoin crosses the 100,000 milestone, it will get closer to Saudi Aramco capitalization. What about investors who choose to risk an investment in an asset that will be worth more than any corporation in the world? Not necessarily our desire to make a profit correlates with the real ideas of potential investors.
April 11, 2023, 05:02:49 AM
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
I think it's natural because if the bitcoin price reaches $ 1 million soon then we can get a big profit, I'm also optimistic that we can reach the price of $ 1 million before 2030, of course all processes take time, if this year we can reach at least $ 100k then I'm sure before 2030 the price will reach $1 million.
April 11, 2023, 02:01:46 AM
Most voters believe that it will be in the next bullrun or the next before 2029 and with that I also given my votes because as far as I believe, we already crossing 6 digits in the next run so maybe in the coming 6 years from now is enough for bitcoin to cross that margin.
April 11, 2023, 12:17:27 AM
Bitcoin has not gotten to $100000 and we are talking about when its price will get to $1 million which will require more pumping of money to buy bitcoin. It is better we discuss more on when bitcoin will reach $100000 first, then after that, we can discuss when it will reach $1 million when $100000 has been reached.
That's right, recently someone gave a prediction that within 90 days it will be 1M$ each, although that's his opinion but many people don't believe and just laugh at him on this matter.
And for me, it is still unclear that such a concept will happen in bitcoin. They say "Its too good to be true" that's why if the 100k$
after 1 year is still to happen before it happens how about 1M$ each bitcoin, isn't it?
April 10, 2023, 11:53:08 PM
Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?
Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.
It is not that easy to say when bitcoin will reach 1million range. If you look at the way 2020 has been done, I don't think it will go to the time you are talking about. As it is now the age of internet and technology is advancing day by day, it will spread to the people of the world faster than before now, and as soon as it reaches the people, its price will set new ath records. The sooner we can spread awareness to people, the faster it will spread. But today or tomorrow it will definitely touch this range. Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.
April 10, 2023, 09:34:29 PM
Just for fun, since this is the Speculation forum, when do you think Bitcoin will hit $1 million USD for the first time?
Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?
Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.
I have chosen "NEVER"!Presumably this will happen during a bull run and then it'll fall back below $1 million for a couple years, but what year do you think will be the first time we see $1 million bitcoin?
Personally I think it'll be during the 2036/2037 bull run, assuming the four year market cycles are still going on at that point. Though the 4 year cycle may have largely faded away by then, but somewhere around those years feels about right.
(....)
Different people got different opinions, what if Bitcoin will reach that number but maybe in the next thousand years? Like the new generation is already here and we don't exist anymore?
However I believe there is a high chance bitcoin will reach one million dollars, even if it takes longer than my prediction, as I doubt the economy of the world can remain stable during the next decades.
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