Topic: Will 1 Bitcoin will Reach 1 million usd one day? - page 5. (Read 11404 times)
Sure. At least when the dollar crashes.
I cant see reason why bitcoin will not have marketcap 1 trillion USD ( 48000USD=1 BTC) in 2015.
And then 2016-17 10 thrillion USD ( 1BTC = 480000 USD)
There are some offshore banks wit capit. 30 thrillion's USD.
And then 2016-17 10 thrillion USD ( 1BTC = 480000 USD)
There are some offshore banks wit capit. 30 thrillion's USD.
Hope i have a few when it hits 20k
"When"? I like the attitude, but that's not even near yet, let's see what happens after it reaches 1k. Still hasn't hit 1,5 at all. Hope i have a few when it hits 20k
Same felling Ive got
I am pretty sure it will hit 20k or more I just wonder how much I will manage to get till this time
I was wondering can a price drop a little more while last panic sells
But ...
good for Bitcoin - bad for us we cannot buy cheap coins anymore ~330 was a last bottom.
And now
skyrocket is just in launch.
I doubt it will... It's like usd worth 300 times
Hope i have a few when it hits 20k
Only scenario this could happen is if the whole world shits on fiat currency and decides to use btc for eveything.
I don't think that is necessary. Fiat and Crypto can co-exist. Crypto can be used mostly for online transactions, while fiat can be used for the retail expenses. Rather than as rival, the bankers will begin to see crypto as an accessory.
It needs miracle, this is near impossible feat.
True indeed
near to impossible is what I will suggest as a measure in this case 
It needs miracle, this is near impossible feat.
Only scenario this could happen is if the whole world shits on fiat currency and decides to use btc for eveything.
We are approaching 7.5 b people soon: http://www.worldometers.info/world-population/
In 20-30 years there will be so many more, if everyone has decided to use btc, then sure, why not. But a lot of shit can happen til then. Btc may die, people may find something better than cryptos. Another coin might surpass btc and everyone will jump on it.
We are approaching 7.5 b people soon: http://www.worldometers.info/world-population/
In 20-30 years there will be so many more, if everyone has decided to use btc, then sure, why not. But a lot of shit can happen til then. Btc may die, people may find something better than cryptos. Another coin might surpass btc and everyone will jump on it.
I doubt it would, at least in this time
And in the other timeline bitcoin is distributed as much as dollar and dollar itself is struggling on 500BTC per $ ? :O
I doubt it would, at least in this time
If those 1 million millionaires bought at least 1 million usd worth of bitcoin
Why would they decide to convert 100% of their assets to Bitcoin? No one in their right minds would do that. At the most, we can expect 10%, or more realistically 1% to 2%.
If those 1 million millionaires bought at least 1 million usd worth of bitcoin, believe me the price of bitcoin will be greater than 1 million usd each. Don't forget the word speculation.
Do you believe if you have 12 million bitcoins you can sell it for $450 each and get $5.4 billion? Do you believe if you have $12 billion you can buy 12 million bitcoins $1000 each? Do you believe if you have $120 Billion you can buy 12 million bitcoins $10k each? The big answer is no. Because once you keep buying the price will keep rising because of speculation and hoarding.
Do you believe if you have 12 million bitcoins you can sell it for $450 each and get $5.4 billion? Do you believe if you have $12 billion you can buy 12 million bitcoins $1000 each? Do you believe if you have $120 Billion you can buy 12 million bitcoins $10k each? The big answer is no. Because once you keep buying the price will keep rising because of speculation and hoarding.
But there is a lot other people too
How many? There might be only a limited number. OK... let's say 15 million people with net-worth of 1 million or more. And what percentage of their wealth will be in BTC? In the near future, we can say a max. 10%.
So here is the calc.
15 m * 2 m USD (average net worth) * 10% ==> 3 trillion USD.
Will 1 Bitcoin will Reach 1 million usd one day? What is your opinion?
I can bet that it will nnever hit 1m $
Or if a breed will cost399 $ then it is possible :-)
Or maybe you mean Zimbabwr dollars:-)
I don't think a bitcoin will ever reach that without some kind of hyperinflation and diverstity in the crypto currency sphere where there are other strong competitors but blockchain is the most viable technology for growth.This is what will gain adoption.I think it will drop back way further next year to shake out bagholders and then return to around the same price and either rinse and repeat or go up further before dumping again.You could see it go as low as $200 before it returns to its ATH somewhere late 2016 early 2017.I have built some AI neural data models that I intend turning into visual graphs to display clear patterns for trading bitcoin but its difficult with a market so volatile and unpredictable.
If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now.
But there is a lot other people too
yep, we have potentional to reach the price
we just need to increase the demand, slowly but steadily
If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now.
But there is a lot other people too
If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now.
If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
Actually less because some bitcoins have been destroyed.
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