Topic: Will 1 Bitcoin will Reach 1 million usd one day? - page 9. (Read 11421 times)
Of course Bitcoin value could reach a million USD, granted the USD price goes down to one millionth of it's current price.
Annnd, that's because it's not all "For sale"
Is every one of the 12M+ bitcoins "for sale" ? I think there's near a million in unretrievable coins that can be documented.
The point here is overall value of things that can be valued is greater than the printed USD in circulation. Just farmland exceeds this, http://usda01.library.cornell.edu/usda/current/AgriLandVa/AgriLandVa-08-02-2013.pdf page 16/17
So what if I dig up a basketball sized diamond or meteorite in my back yard, it's my patriotic duty to phone the central bank and tell them they "need" to print a few million more dollars?
Is every one of the 12M+ bitcoins "for sale" ? I think there's near a million in unretrievable coins that can be documented.
The point here is overall value of things that can be valued is greater than the printed USD in circulation. Just farmland exceeds this, http://usda01.library.cornell.edu/usda/current/AgriLandVa/AgriLandVa-08-02-2013.pdf page 16/17
So what if I dig up a basketball sized diamond or meteorite in my back yard, it's my patriotic duty to phone the central bank and tell them they "need" to print a few million more dollars?
Value of all the land in Manhattan = ~376 Trillion USD
That is BS. Right now, the total value of all the real estate (incl. residential, industrial & agricultural) in the USA is <50 trillion USD.
By the logic of the naysayers, "there isn't enough dollars for bitcoin to be $1M" ...
New York doesn't exist, can't exist, could never have been built...
Price per buildable square foot in Manhattan... $400 http://therealdeal.com/blog/2013/11/15/land-prices-get-stupid/
Area of Manhattan = 33.77 square miles.
Value of all the land in Manhattan = ~376 Trillion USD
That's just New York, there's LA, Chicago, Houston ....
Edit: Note that the $400 is quoted as the average pre-bubble price, they're saying prices are doubling... so say 750 Trillion if you like...
New York doesn't exist, can't exist, could never have been built...
Price per buildable square foot in Manhattan... $400 http://therealdeal.com/blog/2013/11/15/land-prices-get-stupid/
Area of Manhattan = 33.77 square miles.
Value of all the land in Manhattan = ~376 Trillion USD
That's just New York, there's LA, Chicago, Houston ....
Edit: Note that the $400 is quoted as the average pre-bubble price, they're saying prices are doubling... so say 750 Trillion if you like...
If only 21 million people need to store $1mm that's all it takes. Hodl
Anyone that calls a specific person or a general group of people who do a certain thing is an.... wait no
Anyone that interrupts his own sentence is an …. nvm, you're right.
Anyone that calls a specific person or a general group of people who do a certain thing an idiot is an.... wait
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"
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"
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"
But in the future there will be more $ in circulation.
Anyway, I don't think that it will hit so much ^^
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"
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 $1.22 trillion was in Federal Reserve notes.
"source - http://www.federalreserve.gov/faqs/currency_12773.htm"
Will 1 Bitcoin will Reach 1 million usd one day? One day it will be 2 million usd!
Lets first wonder about when we'll hit 1K again.
Game of Coins
Will 1 Bitcoin will Reach 1 million usd one day? One day it will be 2 million usd!
Lets first wonder about when we'll hit 1K again.
Will 1 Bitcoin will Reach 1 million usd one day? One day it will be 2 million usd!
Lets first wonder about when we'll hit 1K again.
Exchange rate of 1 million means a market cap of 21 trillion. That means market cap even greater than that of the USD. Not impossible, but incredibly difficult.
Rate of dollar expansion was going exponential in 2010/11, last reliable figures we have from then seem to support the extrapolation that it has probably blown through 21 trillion by now. However, recent figures are being obscured, yes this should worry you.
Will 1 Bitcoin will Reach 1 million usd one day? One day it will be 2 million usd!
Exchange rate of 1 million means a market cap of 21 trillion. That means market cap even greater than that of the USD. Not impossible, but incredibly difficult.
bitcoin is on the verge of collapse! we might have to see 1$ first, before we ever see 1mil, if ever.
It is like day dreaming. It will never happen.
Like we mentioned before, there is nothing impossible - just sometimes some specific things must happend in a same time
But there is a more chance that you are right.
We will see at the end of bitcoin
(perhaps we will be 6 feet under then)Hahaha, beat ya to it!
Good thinking though!
haha.. yeah you were a lil quicker then me Good thinking though!
Why can't you never say never? Huh.
You will never be Hitler, it is simply not possibly.
"never say never" is plain stupid. Some things are impossible, and will never happen.
You can become Hitler if you want too..! just change your name officially , and you'll be known as Hitler, But yeah I agree somethings are impossible, Like trying to explain bitcoins to a d!(khead ..! You will never be Hitler, it is simply not possibly.
"never say never" is plain stupid. Some things are impossible, and will never happen.
Good thinking though!
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