Will Bitcoin hit $1 million? - page 2.

andrei56

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Quote from: [email protected] on January 25, 2018, 11:30:17 AM

Both John McAfee (creator of the antivirus program) and James Altucher (entrepreneur, hedge fund manager and author) have made a claim that BTC will hit $1 million by the end of 2020.

That means that the market cap will be about $20 trillion or so. If BTC is 33% of the entire market, that means the cryptocurrencies market will be a whopping $60 trillion, or 1/3 of all the money in the world.

Too crazy to happen? What do you guys think?

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Do not rely on predictions like that they are just trying to bring attention to themselves by claiming those numbers and in the case of Mcafee claiming that he will eat his dick if that does not happen, look for more serious people when it comes to predictions and even better try to create your own predictions even if you fail that is the only way to improve your ability to predict the direction and the size of the movements of the market.

followmenot

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I think bitcoin will hit 1 million dollars. There are many rumors stating US dollar may lose reserve status in trades. Countries started experimenting with different reserve notes.. This may pretty much reach some point where everyone starts using crypto, meaning bitcoin.

krauzzer02

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This has been topic for some time now, bitcoin will ever hit $1 million? well we can argue that it is unpredictable and it may happen but this feat to happen requires tons of newbies not excluding those type of people who want to become rich overnight just because they are hype by something or their friends thus creating huge fluctuations of decreases due to these people who don't reach their expectations, it's gotta be a swing of prices back and forth never touch that prediction.

mr.nby

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Quote from: bitcoin31 on May 30, 2018, 04:45:48 AM

No, there's not chance the price of the bitcoin hit $1 million by the year of 2020 because the price is unstable and maybe we see only $1 the price on that year or it will become zero.
But I hope bitcoin will still alive in the year 2020 so we can make more profit.

Bitcoin will be still alive in 2020. I have no doubt about it. Only price is unknown. Predicting what will be in two years in the case of cryptocurrencies is pointless. However, $1 million seems to be a highly overestimated value.

bitcoin31

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No, there's not chance the price of the bitcoin hit $1 million by the year of 2020 because the price is unstable and maybe we see only $1 the price on that year or it will become zero.
But I hope bitcoin will still alive in the year 2020 so we can make more profit.

Meowth05

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Quote from: r32godzilla on May 29, 2018, 07:15:48 PM

There seems no such favorable situations for bitcoin to reach such a price.Its already struggling to cross the 10,000 dollar mark due to continuous FUD.Bitcoin holders now would not be dreaming about such price and they would be happy even if it crosses the 10,000 dollar price.

Well it seems $1 million worth per bitcoin is still questionable due to FUD but we should accept the truth that there's a possibility even if it is a low chance. Cryptoworld is still full of surprise since it is unpredictable so who know? Maybe someday we woke up that bitcoin is now tremendous. Anyway, all of that is just speculation and all we can do now is to believe upon it.

batang_bitcoin

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Quote from: pealr12 on May 27, 2018, 05:02:10 PM

It cannot, imposible for bitcoin to hit that super high price.

It is possible but the possibility is very low now. We've riding these high speculations and so gullible to believe that it will and after I knocked my head off, I woke up in real world that I might not able to see it or if it will I have few bitcoin on hold by that time or how I wish I still have some left.

Quote from: pealr12 on May 27, 2018, 05:02:10 PM

We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.

You have the point, there will be massive growth but hitting $1,000,000 is still questionable.

r32godzilla

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There seems no such favorable situations for bitcoin to reach such a price.Its already struggling to cross the 10,000 dollar mark due to continuous FUD.Bitcoin holders now would not be dreaming about such price and they would be happy even if it crosses the 10,000 dollar price.

huige007

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Quote from: pealr12 on May 27, 2018, 05:02:10 PM

It cannot, imposible for bitcoin to hit that super high price. We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.

It is certainly not going to reach dollar 1 million this year or in the coming couple of years. But there are maximum chances for it to be at this price by the end of coming score. This is indeed very high price but nothing is impossible for bitcoin with the maximum support from people. When the demand of bitcoin will increase in the market, the prices are going to skyrocket automatically. So I think bitcoin can touch it.

pealr12

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It cannot, imposible for bitcoin to hit that super high price. We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.

wudan8383

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it seems devalued a lot these days. waterfall.
When it can go up again?

arwin100

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Certain speculation is hard to believe and how could the bitcoins reach that? given price are to much! but if adoption came well all people will support the beauty of bitcoins then we might gonna see for the bits to come at $1 million mark. But I don't know if we are still existing in earth if bitcoins reach that since if that time comes it will take more decades first since spread out about the crypto's will not happen on quick blink adoption takes more months before it happens.

Quote from: Blueblade on January 26, 2018, 08:27:22 AM

yeah it is possible.but when it possible. Mcfee a big man what did he think spoke not know about bitcoin. What ever bitcoin will reach $1m I'm very happy. It's impossible in 2020.

Mcafee is a a huge manipulator on crypto world he want to exercise our minds for that event so that he can gain more benefits from it.

Blueblade

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yeah it is possible.but when it possible. Mcfee a big man what did he think spoke not know about bitcoin. What ever bitcoin will reach $1m I'm very happy. It's impossible in 2020.

boyptc

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There's a possibility but we don't know on when it can be possible. I'm not assuming that John McAfee's prediction will be for real, he's been pumping altcoins before and we don't know if he's totally out of his mind. But if ever that happens, that is the greenest day ever in my crypto life.

prabhu

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Yes bitcoin will reach $1m . But when will it happen maybe it will possible in 2020. This January bitcoin Price $9000-12000.First bitcoin will reach 20k . First will monitor full of bitcoin in this year .will can see maximum growth at end of this year bitcoin reach .Then decide bitcoin will reach $1m at 2020

n0ne

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Quote from: Noctis Connor on January 25, 2018, 10:59:52 PM

If that will happen, many people will be glad and so happy. Many people will be a great supplier that will flow on our society. It sounds good if many of us will have their big profit and income.

Looking upon the growth it has attained over the years, it is clear that anything could happen with the price in no time. Within an year's time the price peaked and reached from around $1000 to $2000. The growth is completely dependent on the increasing adoption, more the people, more will be the growth. Last year a massive adoption took place, hope to see adoption in the ongoing as well upcoming years to support the growth.

Noctis Connor

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If that will happen, many people will be glad and so happy. Many people will be a great supplier that will flow on our society. It sounds good if many of us will have their big profit and income.

JayT22

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I dont think that Bitcoin can hit 1 million USD,thats really unrealistic.
I believe that btc can hit up to 100k USD one day but also this is at the moment very unrealistic...
We will see what the future brings to us...

makulo123

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Yes, and no.
Bitcoin is gaing more and more popularity these days and with popularity the price grows, as well as utilities it is used for with involves much more transactions and thus much bigger fees. The blockchain will run through many forks by then, but the current state of bitcoin can't survive that much of money being thrown only into fees. Also the electricity it takes to mine will be growing by time, leading it to a series of legislations limiting the mining processes as well as forbidding them in some countries. The current PoW system may be working right now, but is surely not the state of future solution.

LeveldKrypto

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If this is ever to happen, BTC will be far more than 33% for sure. If one coin reaches that level, there will not be room for more than a few other coins of significant value.

I dont see it hit 1 million 2020, but if it can survive maybe in the future.

My guess is 40k 2018, 100k 2019 and 250k 2020.

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