Topic: Will BTC hit 1M ? - page 2. (Read 1752 times)

It is certain that any good news will trigger the movement of Bitcoin, as you say. As the the last is ETF's influence, and it is not impossible ETF Ethereum if it will happen, will also give back encouragement. I think the Whale did not affect it rose yesterday but indeed the trade was quite high, because of the influence of the ETF. I also think things that are not easy to reach $ 1M in the near future for Bitcoin can achieve it. It takes will take several times to halving Bitcoin again.

The ability of governments to keep inflation under control are somewhat limited and we've seen many cases in the past when the values of currencies were spiraling down uncontrollably. That's why we often see that countries with high inflation have to resort to outright banning their citizens from freely exchanging foreign currencies and putting a halt on crypto trading.


If we're talking about Bitcoin taking over the role of all global currencies or USD (and not just some small local ones) then it is impossible, even considering Lightning Network. Some new blockchain solutions would have to be developed, or a huge chunk of transactions would have to be processed by centralised entities.

In fact, it is not impossible for Bitcoin to take over the role of fiat currency as a means of payment. But for most people who have known Bitcoin for a long time and are still happy to keep Bitcoin for an indefinite future, they will not be willing to throw away or exchange Bitcoin for something else they can get with fiat money. Because I am quite sure that at this time there are definitely people who love Bitcoin more than fiat money so that they will be more willing to spend their money to get something rather than spending Bitcoin which they will later buy again with fiat money.

Billion or Million? That's different.

You should never think that bitcoin will take over as a fiat substitute for payment because however that is unlikely to happen, governments will definitely maintain their own currency with the control it can have, bitcoin is only an asset but alternatively you can use it.

Bitcoin has high volatility, the price can change anytime whereas fiat not only inflates every year but it will still be strong because the government always regulates it.

well if jack dorsey founder of twitter say so probably there are many people that gonna agree, the limited total supply of bitcoin means the price just gonna increase and increase as long the demand is there and the fact that there's even bitcoin ETF in the first place means its approved means of investment and thats great because the factor that guarantees the price of bitcoin becoming more and more.
but before that we must strive for $100k first, if we somehow break that price mark then we can be pretty optimistic that maybe within a decade or more the price of bitcoin eventually gonna reach $1m anyway.
its gonna be such a good price but people that are trying to hold until that price probably need to hold for quite a long time like decades of holding with the uncertainty whether its gonna be really hitting that price or not.
regardless i'm pretty optimistic so many people predicted the price will hit $1m eventually and I think it will but it depends on the opinion of each people at the end, whether you gonna believe it or not.

We may have to wait a lot more for that, maybe after a few more years or 100 years or 200 years. Next generation or so anyway. Again, you should take all the negatives into consideration. The increase in demand compared to BTC's limited resources can certainly make investors optimistic that your stated goals can be reached. I think manipulating the price of BTC is just your guess. Yes, due to excessive price volatility, many people spread this kind of negative campaign which is not true. Price volatility is normal where demand is increasing day by day. You increase your holdings and take care.

I believe that in the future the price of bitcoin will reach 1 billion because the total supply is limited and investors continue to increase. However I am not sure and I think it is impossible that Bitcoin will take over the role of fiat currency and become the only means of payment. The value of bitcoin is very sensitive to bad news, making the price of bitcoin very volatile, especially since large investors can also manipulate the price of bitcoin.

If you want to be this optimistic then you should be watching now for the positive moves possible in the next days and weeks. It cant falter it must cross the line and keep going to get any target greatly higher then nearby.

Heres the rough idea of a recent downtrend, breaking this could release a big move upwards.  It could also be small and extinguished easily and fast.  The difference is notable and important just as an indicator for larger ideas such as six or more figures in the price.   The actual gains we get are nothing at all compared to the larger move.



Just daily bars here.  If we dont exceed 70k with furious anger then its simple that we will repeat.  I keep thinking we will do little or nothing this whole summer and just moving upwards recently doesnt disprove this but an extended period of positive pricing that does not hesitate is worth noting for its wider implications.  Expect to be disappointed but hope we aint is my hope.

     All of us here are expecting that to happen; no one really knows when. Also, I also think that, as some say, if we are basing it on history, it is too early because the bitcoin halving ended in less than 2 months, so the ranging or swinging seems to be a long process that will happen.

     But for sure, Bitcoin's price value will rise little by little every month, and I expect that to be true, and there are many expectations for that matter. That's why others are taking advantage of it to save and save as much as can be done without chasing.

There must be good news that can trigger an increase in the price of bitcoin, as happened last time when the Bitcoin ETF was launched and the Halving occurred, making many people think that the price of bitcoin would soar high and in fact the whales granted their wish. To reach the price of $1M will certainly not be as easy as we imagine, the whales have to burn a lot of money.

There is always a possibility that this could happen, and you are right. That is a normal thing, because if there is an increase in demand, then the price will increase significantly, which will adjust to that demand. Likewise with what Bitcoin will experience, if demand continues and supply is always running low, then it is inevitable that the price will automatically increase, so reaching $1M could happen, but not in the near future.

And when you look at it, or at least Bitcoin's past history, you will see that the demand are increasing like every 4 years. And so the basic law of supply and demand are going to be applied here. And that's what makes Satoshi one of the most brilliant minds in our time because he was able to design Bitcoin to halved every 4 years pushing the demand to higher levels.

So I wouldn't be surprised to see Bitcoin $1 million in the future. Hopefully, we are still here to witnessed that time and then we can tell the story that we are here when the price is this little X amount and it gradually grows throughout the years.

On the moment that you have decided up on holding up your coins for long term then it would be always best that you should really be that refraining on watching on whats happening in the market specially on the price
on which this is something that will really be making you impulsive on the time that you would really seeing those numbers dropping but if you are someone who do have that strong and controlled kind of emotion and other
means then it wont really be that much of an issue but if you do find yourself that highly reactive then it would really be better that you should keeping yourself be wary about price conditions or situations.

Speaking about Bitcoin hitting up on $1m then this is something a very tough thing to consider or simply far too stretched of on which considering that numbers are already that too high.
Well, when it comes to future then no one really knows on what would happen on which it would really be a common approach that there would really be  those people who would
really be having those kind of optimistic approach and assumptions on things.

Weak hands could get out way before they should, and that's of course not going to be easy for them to keep watching us do great, they are not going to be doing all that well if they end up with such a situation. I think it's clear that we are going to end up with a big trouble and we should probably avoid selling during this period.

Many people will end up with a lot of trouble and they are not going to be happy about the situation if others keep selling, people who hold as long as possible wants others to do the same thing and when we see the market crashing that means a lot of people sold. Why would anyone sell during this period? We are at after halving period right now and it means that we are going to end up with a result that's going to cause a lot of trouble if the market doesn't come to an agreement on the movement.

Yes that's right. I'm sure it will happen but we don't know when it will happen. However, if you look at current economic developments, you can see the potential for a spike in BTC prices due to ongoing global monetary policy, especially the implications of fiscal strategy for BTC.

Moreover, currently the whole world will likely continue to carry out money printing activities to manage national debt, thereby creating a situation that can cause fiat currency to depreciate and of course this strengthens BTC so that as you say, fiat money has no limits while BTC has limits. . Therefore, I remain optimistic about its journey towards the $1 million mark. Moreover, recently Btc has been in the spotlight as a hedge asset against fiat currency inflation. So I believe BTC can reach 1 million dollars in the long term, although we don't know when that will happen.

No one can time tell but if let say it's only possible, we wouldn't be wasting our time and money on something that is not really important than in BTC. It will look like we are poor for now because we allocate all or most of our money in BTC but this faith of ours can still change later on. I am not only sure if there will be some who will still get bored from waiting.

Those who remain as a spectator had some doubts left in BTC or maybe they still lack in budget. It can cause them regrets but maybe they will now get on board on the next trip. It's not too late anyways because there are also more people who are like them apart from those who have other reasons for not joining here. If we combined them all, maybe $1M is truly possible or we can be at least close to it.

As said before, you need to understand the economics. When a commodity supply is less and the demand to accumulate the commodity is high, the price goes up for that particular commodity in order to meet the demand. Just a classic example of supply and demand. Similar things happen with Bitcoins also. Hence, the price can definitely go till 1M if the demand to accumulate the coin keeps on increasing day by day.

Bitcoin has been around for 15 years and it has brought millions of percent profits to early investors, but that is no proof or guarantee that bitcoin will continue to exist in the next 15 years.

Those who bought bitcoin 10 years ago were people who were willing to accept the risk that if bitcoin did not succeed they would lose everything because they did not know what the future of bitcoin would be. So, if we intend to invest in bitcoin now and hold it for the next 10 years, we also need to accept the same risks as the early investors. In addition, we need to know that buying now will be much riskier than 10 years ago, so don't be too subjective and invest everything in bitcoin. The future is unpredictable, don't be too subjective just based on history and think it will always repeat in the future.

You need careful preparation if you want to invest in Bitcoin for more than 15-20 years.
Who can guarantee that you will still be able to live within that time period? You also need to teach your children how to transfer Bitcoin from their personal wallet to exchange it for fiat.

The rapid development experienced by Bitcoin has been widely trusted by the majority of investors, has received support from several large companies and even several countries such as El Salvador which have adopted Bitcoin as a legal tender. Bitcoin has shown significant growth despite frequent price ups and downs, which is why Bitcoin is one of the most popular long-term investments among investors.
Your plan is good enough to maintain the financial stability of your children in the future when you are no longer able to work or something undesirable happens to you.

I like to warn everyone not to be a blind follower, for the fact that Bitcoin performed so well in the past is not a justification that it will perform well in the future. I will continue to invest in Bitcoin in both HODLing and futures trading, nevertheless, I dare not be a blind follower who would believe that nothing adverse can't happen. If I did, then I am only deceiving myself. We should prepare for the worst regarding Bitcoin even as we hope for the best, that's why we should keep our eyes open and rather be the lover of our trading charts. We should learn how to read the trading chart, respect the tradition and also be informed of the latest happenings in the world that can affect Bitcoin. All these are not always considered by most Bitcoin lovers and speculators, but they just call the bullish path. Let's always consider what if anything different happened.

If the view of most Bitcoin lovers should be upheld, you would see them calling huge values all the time. But come to think of it, will Bitcoin always be rising forever without any challenges? I even wonder where the liquidity will be coming from all the time which will easily make it hit $1M. Let's all wake up in our dreams, Bitcoin is an asset, and like all other assets in the financial market, they do not just move higher without facing some challenges or missed cycles/history that will change the whole narrative. What if you now bought Bitcoin at $75,000, and in the next 20 years it is at $73,000 or lower? Do you think it is impossible? If you do, then you have not experienced the financial market long enough. Above all, let us be dynamic just as the market is dynamic and not be too rigid on a certain scope, especially on an asset that is still very young.