If it does reach 1 million US Dollars it won't be when any of us are alive.
Hopefully our children's children get to see it one day.
Topic: Will 1 Bitcoin will Reach 1 million usd one day? - page 8. (Read 11412 times)
It may ...but the bigger Q is what would be the value of 1 million USD then ?
If some of the UN member nations recognize BTC as an alternative to fiat, I'll be extremely satisfied.
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If it reaches $1k we will be satisfied enough.
Whats there for gaining satisfaction if it hits 1K? It has already hit 1.2K. Let's aim for 10K.
BTW... exchange rates won't matter much now. If some of the UN member nations recognize BTC as an alternative to fiat, I'll be extremely satisfied.
So would I since this can now be said to be around 60% below the peak price and the support base for the next price rise
Just need some strong positive news
If it reaches $1k we will be satisfied enough.
Whats there for gaining satisfaction if it hits 1K? It has already hit 1.2K. Let's aim for 10K.
BTW... exchange rates won't matter much now. If some of the UN member nations recognize BTC as an alternative to fiat, I'll be extremely satisfied.
A part of me really wants to say yes and another part wants to say I don't know. Truth be told I'm leaning towards yes... We shall see.
Maybe it will,some day sometime but not in this millennium most likely. if it reaches $1k we will be satisfied enough.
Will 1 Bitcoin will Reach 1 million usd one day? One day it will be 2 million usd!
Lets first wonder about when we'll hit 1K again.
Probably this year
There is 12,577,500 bitcoin in circulation right now.
So with roughly that much bitcoin multiplied to $1,000,000 USD would would make the total value of all the bitcoin $12,577,500,000,000.
Thats twelve trillion ,five hundred seventy seven billion ,five hundred million.
There was approximately $1.27 trillion in circulation as of March 26, 2014, of which $1.22 trillion was in Federal Reserve notes.
"source - http://www.federalreserve.gov/faqs/currency_12773.htm"
So with roughly that much bitcoin multiplied to $1,000,000 USD would would make the total value of all the bitcoin $12,577,500,000,000.
Thats twelve trillion ,five hundred seventy seven billion ,five hundred million.
There was approximately $1.27 trillion in circulation as of March 26, 2014, of which $1.22 trillion was in Federal Reserve notes.
"source - http://www.federalreserve.gov/faqs/currency_12773.htm"
I'm not sure total USD in circulation is a good valuation point for Bitcoin. First there is an international aspect, BTC is not restricted to USA. Second the $1.27 trillion represents dollars in circulation. But one dollar can be exchanged twice, thrice or multiple times. A much better indicator I think is gross domestic product (or gross national product) because this represents the total market value of goods produced domestically (at a national level respectively) per year.
And for the optimists, since BTC is international why not take the foreign exchange market as a reference point. According to Bank for International Settlements, trading in foreign exchange markets averaged $5.3 trillion per day in April 2013. Again that's per day! Can you imagine what would happen if only a fraction of these transactions would be done in BTC?
This is funny thread because all those speculations are outstanding 
Bitcoin = 1million $ ....
Wow
imagine ...
Bitcoin = 1million $ ....
Wow
imagine ...
Maybe 300 or 400 years later. I don't think bitcoin will last that much time.
If 12 million people need to store $1 million, then each bitcoin must be worth $1 million
Of course Bitcoin value could reach a million USD, granted the USD price goes down to one millionth of it's current price.
didn't look at it that way.
It will ... Have faith. But you should be alive to watch that happen. And only if America is no more there
bitcoin reaching 1 million is a mathematical certainty
further divisions are possible but not yet written into the standard client
1 million USD? I hope I don't see that day myself, as it means the country will be dead.
problem is you can't send small satoshi amounts without incurring large expenses. this is the plan of SatoshiCoin. to be the 16 decimal places past BTCitcoin
So if ever it reached 1 million dollar mark it will be a big problem to spend 1btc on something because of the sending limit problem of bitcoin. Much better to keep and sell 1 whole btc than losing thousands of dollars from each satoshi.
1 million USD? I hope I don't see that day myself, as it means the country will be dead.
problem is you can't send small satoshi amounts without incurring large expenses. this is the plan of SatoshiCoin. to be the 16 decimal places past BTCitcoin
Anyone that believes this is an idiot.
There is 12,577,500 bitcoin in circulation right now.
So with roughly that much bitcoin multiplied to $1,000,000 USD would would make the total value of all the bitcoin $12,577,500,000,000.
Thats twelve trillion ,five hundred seventy seven billion ,five hundred million.
There was approximately $1.27 trillion in circulation as of March 26, 2014, of which $1.22 trillion was in Federal Reserve notes.
"source - http://www.federalreserve.gov/faqs/currency_12773.htm"
Anyone that doesn't spot a troll thread that's made only to create discussion is an idiot.There is 12,577,500 bitcoin in circulation right now.
So with roughly that much bitcoin multiplied to $1,000,000 USD would would make the total value of all the bitcoin $12,577,500,000,000.
Thats twelve trillion ,five hundred seventy seven billion ,five hundred million.
There was approximately $1.27 trillion in circulation as of March 26, 2014, of which $1.22 trillion was in Federal Reserve notes.
"source - http://www.federalreserve.gov/faqs/currency_12773.htm"
why is it so hard to believe that bitcoin could equal 1million? if bitcoin was the main currency then the price of 1 would probally be about 1/2 million or million
Of course Bitcoin value could reach a million USD, granted the USD price goes down to one millionth of it's current price.
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