Will 1 BTC ever equal 1M USD ? | Bitcointalksearch.org

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: BitCoinDream on July 27, 2014, 08:34:46 AM

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

Your Opinion Please...

Bitcoin has outperformed our expectations before and we are still expecting that to happen again. I could remember when we were arguing if bitcoin will ever get to $2000, $5000, $10,000 in the past but that has happened and we are expecting more. The future of bitcoin is more bright now than when we began and I strongly believe that the journey to $1,000_000 is not too far from now. I am speculating that before 2027 Bitcoin should be above $1,000,000 as by then Bitcoin should all be mine.

palle11

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Activity: 2366

Merit: 332

Quote from: rohnearner on July 27, 2014, 01:42:48 PM

I won't say a direct " No " to this , because I have seen threads from 2012-13 speculating 1btc going up to 1k$ and few members calling that absurd but they all got surprise last November.
So I won't say that it'll not happen , but I'm quite skeptical about it.
So being realistic lets see if we hit the 1K$ mark again in next few months maybe till the end of 2014.

I'm surprise with this post too where people doubted that price was getting to $1k back then and see where we are now. This is also going to be another thread that could be remembered too in the future. For me seeing that response, is making me sit on the fence Grin

Wilhelm

legendary

Activity: 1652

Merit: 1265

I think the average trajectory range could be something like

2012 => 10² USD
2013 => 10² USD
-- > halving --> (ATH >1k followed) 10³ USD
2014 => 10³ USD
2015 => 10³ USD
2016 => 10³ USD
-- > halving --> (ATH >10k followed) 10⁴ USD
2017 => 10⁴ USD
2018 => 10⁴ USD
2019 => 10⁴ USD
2020 => 10⁴ USD
-- > halving --> (ATH >100k follows ?!? Shocked

) ) 10⁵ USD
2021 => 10⁵ USD
2022 => 10⁵ USD
2023 => 10⁵ USD
2024 => 10⁵ USD
-- > halving? --> (ATH >1M follows ?!? Shocked

) 10⁶ USD
2025 => 10⁶ USD
etc.

So every halving the price basically goes up a magnitude with an initial ATH just after the halving .... then drops back to it's normal trajectory and climbs back between halvings...
This is a pulled-out-of-asscrack^TM model.

P.S. The 2012/2013 years are startup so could be way off...

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: BitCoinDream on September 04, 2019, 07:14:27 PM

2019. But, it is still far away from the expected trajectory. Undecided

LOL, I think increasing by an order of 10 every year was a bit too much to ask. Not to mention too predictable.

A million will come in due time. And Bitcoin doesn't need to replace gold or fiat to do it. Unparalleled scarcity and illiquidity will be enough. I'm not sure if it'll be in 2023 or 2030 or whatever, but it's coming.

Glad to see you're still kicking, BitCoinDream.

WinslowIII

member

Activity: 308

Merit: 35

Quote from: polynesia on July 28, 2014, 09:07:53 PM

Quote from: BitCoinDream on July 28, 2014, 12:45:53 PM

Quote from: polynesia on July 28, 2014, 11:39:31 AM

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

I dont have much to say... just an image for your reference Wink

As I was saying, I wish it would go to a million dollars.
I would be one of the happiest people if that happens (and I happen to hold my bitcoins until then. Cheesy

)

Be careful what you wish for. 1 btc = $1m might mean a catastrophic crash of all economies.You will hold millions of dollars of bitcoins, but be dodging bullets and trying to figure out how to convert bitcoin to food. Just a thought.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

2019. But, it is still far away from the expected trajectory. Undecided

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: BitCoinDream on July 28, 2014, 12:45:53 PM

Quote from: polynesia on July 28, 2014, 11:39:31 AM

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

I dont have much to say... just an image for your reference Wink

As I was saying, I wish it would go to a million dollars.
I would be one of the happiest people if that happens (and I happen to hold my bitcoins until then. Cheesy

)

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

Quote from: polynesia on July 28, 2014, 11:39:31 AM

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

OP is talking about the Best case Scenario and you mentioned the worst case scenario. Although the chances of it reaching 1M USD is higher than giong down to 0. I mean who will sell at that price.. I' not gonna do that , are you. I'll better keep it as a souvenir

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: polynesia on July 28, 2014, 11:39:31 AM

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

I dont have much to say... just an image for your reference Wink

Equate

hero member

Activity: 770

Merit: 500

Quote from: polynesia on July 28, 2014, 11:39:31 AM

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

Those so called analysts had said same things many times in the past and repeatedly been proven wrong Tongue

polynesia

legendary

Activity: 1358

Merit: 1000

I will only say I wish. Cheesy

According to analysts, it has a 80% chance of going to zero. Wink

rohnearner

sr. member

Activity: 350

Merit: 252

REAL-EYES || REAL-IZE || REAL-LIES||

I won't say a direct " No " to this , because I have seen threads from 2012-13 speculating 1btc going up to 1k$ and few members calling that absurd but they all got surprise last November.
So I won't say that it'll not happen , but I'm quite skeptical about it.
So being realistic lets see if we hit the 1K$ mark again in next few months maybe till the end of 2014.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

I have a statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10^-2 USD
2010 => 10^-1 USD
2011 => 10⁰ USD
2012 => 10¹ USD
2013 => 10² USD
2014 => 10³ USD
2015 => 10⁴ USD
2016 => 10⁵ USD
2017 => 10⁶ USD

--- Early Adoption Ends Here and The Price Stabilizes ---

Your Opinion Please...

Topic: Will 1 BTC ever equal 1M USD ? (Read 1136 times)