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Topic: When will BTC reach 1Million per coin? - page 2. (Read 3846 times)

sr. member
Activity: 308
Merit: 251
Giga
December 29, 2013, 11:15:40 AM
#27
In any case I would suggest anyone to keep at least 1 btc even if u plan to cash out in case that $1 mill per btc ever happens Smiley
sr. member
Activity: 448
Merit: 250
December 29, 2013, 11:13:14 AM
#26
I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.

Not a chance in the world that it's mined 99%

Do the math bro.
'year' 'reward' 'Percentage of coins mined'
2012   50   50
2016   25   75
2020   12,5   87,5
2024   6,25   93,75
2028   3,125   96,875
2032   1,5625   98,4375
2036   0,78125   99,21875
2040   0,390625   99,609375

Ofcourse, this is an estamation, we all know it doesn't take a full 4 years to halve block rewards.




check your math bro.

2013  25      75

I believe we are on track to next halving in 2015. We could hit $100k by end of 2015. Oh shit, I am seeing another prediction...
legendary
Activity: 1176
Merit: 1010
Borsche
December 29, 2013, 10:59:48 AM
#25
I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.

What, we didn't hit 10k in a month since hitting 1k? Wow of course you are right then, bitcoin is doomed! It has two days to be worth a million or it will never be! You are very smart!

Dude seriously what is your issue, this is my opinion if you don't agree with it that is fine, but stop being a sarcastic arse about it jesus! Talk about idiots that get on my nerves.

Just pointing out that your opinion is much stupider than the average bear on this subforum, and this is a very, very low bar.
sr. member
Activity: 323
Merit: 250
December 29, 2013, 09:32:35 AM
#24
I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.

Not a chance in the world that it's mined 99%

Do the math bro.
'year' 'reward' 'Percentage of coins mined'
2012   50   50
2016   25   75
2020   12,5   87,5
2024   6,25   93,75
2028   3,125   96,875
2032   1,5625   98,4375
2036   0,78125   99,21875
2040   0,390625   99,609375

Ofcourse, this is an estamation, we all know it doesn't take a full 4 years to halve block rewards.


newbie
Activity: 43
Merit: 0
December 29, 2013, 09:06:11 AM
#23
I think the most likely outcome is for this complex system (bitcoin network) to continue doing what it has done for the last 3 years, to increase 10-fold about every 11 months until a saturation of this bitcoin technology adoption starts to occur.  This comes from doing a least-squares fit of a straight line on a semilog chart. 

Approximately speaking, assuming 700 now, we will have 7000 in Nov 2014, 70,000 in Oct 2015, 700,000 is Sept 2016, and a million somewhere before the end of 2016.

I don't think the USD will change a whole lot in buying power between now and 2017.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
December 29, 2013, 08:49:10 AM
#22
I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.

Not a chance in the world that it's mined 99%

You mean, bitcoin won't survive until the year 2030? Because if bitcoin still exists by 2030, then 99% of all bitcoins have already been mined by then.

By 2025, 20 million coins will have been mined, and the last 1 million coins (up to less than 21 million) will he mined over the next one hundred years.
legendary
Activity: 2324
Merit: 1125
December 29, 2013, 08:40:50 AM
#21
Inflation of 2% would sure make that.....500,000 maybe?



At least get your  math straight: 0.98^7=0.868 (so $868k).

Inflation is higher than 2% though Wink
legendary
Activity: 980
Merit: 1000
Need a campaign manager? PM me
December 29, 2013, 06:50:47 AM
#20
The question should be how much you can buy with 1 Bitcoin. If dollar gets devalued 1 million may not mean much.
sr. member
Activity: 308
Merit: 251
Giga
December 29, 2013, 06:31:14 AM
#19
Its possible yes, but the threat is other more superior Crypto currencies overthrowing Bitcoin.

Personally i don't even speculate that price, my current target for 2014 is $10,000 Per coin.
newbie
Activity: 26
Merit: 0
December 29, 2013, 06:28:27 AM
#18
I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.

Lol that was a month ago.  You really expect it to reach the unexpected and then reach the even-more-unexpected in another month or two?

This thing needs time to catch on.
sr. member
Activity: 267
Merit: 250
December 29, 2013, 06:19:33 AM
#17
I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.

What, we didn't hit 10k in a month since hitting 1k? Wow of course you are right then, bitcoin is doomed! It has two days to be worth a million or it will never be! You are very smart!

Dude seriously what is your issue, this is my opinion if you don't agree with it that is fine, but stop being a sarcastic arse about it jesus! Talk about idiots that get on my nerves.
legendary
Activity: 1176
Merit: 1010
Borsche
December 29, 2013, 06:16:54 AM
#16
I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.

What, we didn't hit 10k in a month since hitting 1k? Wow of course you are right then, bitcoin is doomed! It has two days to be worth a million or it will never be! You are very smart!
sr. member
Activity: 267
Merit: 250
December 29, 2013, 06:12:09 AM
#15
I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.
hero member
Activity: 812
Merit: 587
Space Lord
December 29, 2013, 04:59:51 AM
#14
I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.

Not a chance in the world that it's mined 99%
legendary
Activity: 1176
Merit: 1010
Borsche
December 29, 2013, 04:55:04 AM
#13
Technically speaking, BTC has already reached 1 million per coin. It was a registered sell of 1 coin. One 1000 BTC Casascius gold coin Smiley So the thread = success.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
December 29, 2013, 03:16:27 AM
#12
Next Saturday.

You can quote me on that.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
December 29, 2013, 03:07:46 AM
#11

Well the logistic curve model and recorded growth rates over the last 3.5 years indicates that it will be by then, or probably never ...
legendary
Activity: 1904
Merit: 1002
December 29, 2013, 01:30:11 AM
#10
Probably about the same time this thread is created for the 1 millionth time. We're getting close...  Undecided
yessir!

lol, 2020 A.D. is as good of a guess as any I suppose

7 years aint bad to be a millionaire lol

That depends on how well the dollar fares over the next 7 years.
legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
December 29, 2013, 01:24:12 AM
#9
I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.
member
Activity: 112
Merit: 10
December 28, 2013, 11:10:34 PM
#8
Probably about the same time this thread is created for the 1 millionth time. We're getting close...  Undecided
yessir!

lol, 2020 A.D. is as good of a guess as any I suppose

7 years aint bad to be a millionaire lol
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