Will BTC hit 1M ? - page 9. | Bitcointalksearch.org

Faisal2202

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But I don't have any kids right now, I am also a kid hehe, you are asking us to wait 15 to 20 years like you know that in 15-20 years BTC is going to touch $ 1 million milestone. Are you a time traveler. If we consider 20 years from this halving event there will be 5 more halvings and in each halving, I am sure that BTC will make new ATH and according to many signals I read on the other form I started to think BTC might touch $150k or maybe somewhere between $100k-$150k. If that's happened then it would be 2+x of the last cycle's ATH.

And if we follow the same pattern which is so idiotic to say but there is it, that will make 10x in the upcoming 20 years, which means 10x of $150k = 1500K ($1.5 M_) it is so unrealistic and imaginary but hey its crypto. And more importantly its BTC so I think there is a chance that in 20 years BTC might cross $1 Million considering the adoption rate will increase more rather then after this halving ETFs are going to delist and USA is not more adopting BTC and becoming the next China

electronicash

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i think i heard this from Max Keiser a long time ago where BTC could reach up to $1M.

while i would like that price to be hit, i think it's too much of a bubble already. the more i believe BTC is not meant for a currency that we can use to spend every day to purchase something we buy. all i can think of it that is meant to be a reserve. an asset worth $1M each or more fits this kind of purpose.

Kelvinid

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Well, I believe that there is a possibility of reaching $100k someday but hitting $1M in the future is quite impossible. Even people are using the DCA strategy but it is too expensive and poor people can't afford it anymore. And even if the demand reaches too high, I couldn't still imagine it, maybe $200k is fair enough. If ever it happens, I don't see any reason that urge people to invest and hold for this won't just it concerning about the price but the hacking incident may give doubts to people.

~~But anyway, I don't think this is the right board for this topic. I believe this should be on the speculation board .~~ edit

sunsilk

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Like what we always say, only time will tell when.

But if you're suggesting these things about providing a good retirement money and plans for our kids, did you already have it? I assume that you do because when we talk that there's something that other people must do just as what we do, we should follow that first.

I'm with you about reaching it very soon but no one can tell when will be that time. And also, the idea of investing for the future of our children has been there but don't forget to get some chunk for yourself to enjoy it.

coolcoinz

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Yup, but the rainbow chart looks like it's failing because the peak price used to hit red every time and last time it only made it to orange. What if we follow this pattern, hitting a level lower each time, and after 3 or 4 cycles end up not breaking the yellow zone at all? This will still be growth, but could be 150k this cycle, 300k next cycle, then 400k and in 12 years we will still be a long way from 1m, possibly never reaching it at all.

Bottom line, don't bet on the rainbow chart. It's just one of many predictions.

I think that we will reach 1m some day but it could take decades. 100k is almost certain, 200k very much reachable, but anything above 500k is a distant future and will require a demand from countries, not just companies.

stadus

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Quote from: Upgrade00 on February 19, 2024, 12:07:23 PM

Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

This is speculation. There is no suggestion now that fiat or card payment options would be exist in several years tike, and even ifhthey would not due to improvements in technology, th government would adjust and come up with alternative payment options which they can directly regulate and manipulate. Bitcoin is not that currency.

Bitcoin doesn't need the current system to collapse inorder to reach $1 million.

Having no cash or visa might be impossible. The government will never allow that to happen, they will hope for bitcoin to vanish instead than fiat. Or if ever fiat might go into extinct, they will surely replace something to act as an official currency, because as long as bitcoin remains decentralized, they will never allow bitcoin to be the center of the financial industry.

However, regardless of all these, bitcoin price will continue to soar high as long as the demand remains. But reaching $1M, it might happen but the time is still uncertain.

Ryu_Ar1

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15-20 years from now is too long to discuss about speculation issues because no matter how long it is, it is not certain that we can still be in this world that we live in even though there are certainly many opinions about this but we must also realize that we must be rational with the age we have now and the year of speculation that we will go.
I personally don't really care about it because I will just enjoy bitcoin in my own way and with the goals that I have planned from the beginning where I have to reset my investment because in the end we must realize that being in bitcoin and investing in it is for profit so that our old age goes very well so I have determined where I stop regardless of the value as long as I get a profit there then I will stop and enjoy the results of what I planted.

But I agree with you when you believe in bitcoin then don't hesitate to be in it because profits will definitely come as long as you believe in what you are doing.

foggyb

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One thing we might consider is that the price of bitcoin may not always be pegged to the US dollar.

If the mighty USD is usurped by some other currency (perhaps bitcoin itself), then it might never reach 1m USD valuation for that reason.

Pandorak

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It will happen someday in the future, old holders witness bitcoin at its lowest price and bitcoin is currently at $52,000. By that analogy, it doesn't mean bitcoin can't reach a price of $1,000,000.

Looking at the bitcoin rainbow chart, i am a little pessimistic about the bitcoin price projection, it says that bitcoin will reach $773,000 in 2028, that's too soon in my opinion, i think we will be at that level by 2040+.

Raflesia

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I dont want to speculate too far with this because im pretty sure there will definitely be a lot of opinions when talking about the price of bitcoin in the future because everyone has their own point of view and i dont want to get too far into knowing whether bitcoin will reach $1 million or not because in the end what i hope for now is that bitcoin continue to grow regardless of its value for the next 15 to 20 years as long as it is still growing it doesnt matter so that my child can get good things from the remaining bitcoin that I always set aside every week for my child's future grip .
I invest in 2 different wallets where one is for myself and the other is for my child to support his needi in the future and I will definitely give it to him if he is interested in bitcoin and when he is old enough to get it.
Right now im just more focused on the $100k target that's always been talked about even from a few years before bitcoin crashed and hopefully for this year or maybe next year it can be obtained because for 1 million not that I doubt it but its definitely a very long time and i don't even know whether or not i can be at that price with my age now.

Uhwuchukwu53

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Quote from: seoincorporation on February 19, 2024, 12:03:23 PM

The answer to that question is "YES", but the new question is "When?". And that's what we don't know yet. But you can be sure it will happen, and it's possible because our financial system allow us to get in infinite debt, that way money becomes infinite, and when you understand that then you will realize how the bitcoin price has no limits at all.

Very correct you speak allot in my mind. In the area using infinite illustration, human want is insatiable and every one need good thing as much Bitcoin is good and people are seeking to get it hitting 1m is definitely possible but time become uncertain because no prediction can actually get it right now.

spiker777

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$ on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

That's true, every penny invested is worth it, however, it depends on whether you can save money and invest which is the biggest question and problem for every other person because not every one earns enough money to have something left that they can save or invest in Bitcoin. The percentage of people who are earning money that is more than what they need for a month for their expenses is very low.
This is what limits most people from investing in Bitcoin and cryptocurrencies even if they have come to know about them very early and even if they like them, it is just that they are not financially stable enough to be able to do that and even if they do, they can't do it very often.

Fiatless

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

Anyone impatient is not qualified to invest in Bitcoin. This is why most people decide to invest in projects that promise them instant profit because they are not patient enough to wait for Bitcoin to appreciate. They prefer to invest in rich quick schemes that could make them lose money due greed. I don't know how you concluded that Bitcoin will be the only currency in the future because my stance is that it will always be a viable alternative. I think people will keep using fiat side by side with Bitcoin.

Quote

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Bitcoin price is unpredictable but there is a possibility that it could get to that amount this year or early next year. We are expecting it to beat its ATH and hit a new benchmark.

Quote

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$ on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

Banks offer special savings accounts for children. Most parents have stranding orders in the banks that automatically transfer funds to their children's savings accounts at the end of the week, month, or year. I would prefer to use DCA to save money for the future of my children than to put it in banks. Fiat currency loses value faster and it will gradually become worthless in the future. But in 12-18 years, the profit from Bitcoin will be massive.

kentrolla

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Indeed Bitcoin can achieve this remarkable milestone but 15 to 20 years are way too longer IMO and it's really difficult for people to hodl something in cold storage for such a long time as just one hardware device can ruin your life long saving if you lose it. I would say let's split our investment into long term hodling and depending on market flow as well. There is no harm in buying Bitcoin in the bear market and selling them off during the bull run or even when it gives a decent amount of profit and repeat the cycle but this would require a lot of patience where many people would definitely fail.

Hamza2424

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Hmm, cant give a word to this but I'm sure Bitcoin will hit a Million sooner or later as you know currently Bitcoin capital is around $1T, and it's still getting maturity and more attention from the investors and communities. Sooner or later Bitcoin will surpass gold in capitalization and if this happens Bitcoin will surpass the $1M or even more but obviously it requires time and timely regulation of every scale of use.

If you say will Bitcoin hit a million in this cycle or next cycle buddy it cant be said so, be because it is completely based on how the market gets the investor's attraction which requires a high level of recognition even from the current point with timely developments as well.

ImThour

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Bitcoin Bottom was at $15.4k

One day, surely. Today, nope. Next year, nope. But one day, for sure. Bitcoin is built on a great structure and the 4 year cycles will keep on working even if we all remain on this planet earth or not.
I completewly believe that Bitcoin has the capability of reaching 1 Million USD per Bitcoin. If it can go from $1 to $10,000. It won't be difficult to go from $100,000 to $1,000,000.

Upgrade00

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

This is speculation. There is no suggestion now that fiat or card payment options would be exist in several years tike, and even ifhthey would not due to improvements in technology, th government would adjust and come up with alternative payment options which they can directly regulate and manipulate. Bitcoin is not that currency.

Bitcoin doesn't need the current system to collapse inorder to reach $1 million.

seoincorporation

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The answer to that question is "YES", but the new question is "When?". And that's what we don't know yet. But you can be sure it will happen, and it's possible because our financial system allow us to get in infinite debt, that way money becomes infinite, and when you understand that then you will realize how the bitcoin price has no limits at all.

knowngunman

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$ on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

How about for your own upliftment? Investing in Bitcoin should not related to your kids future because I see it as one of the lead causes of corruption especially in Africa continent. Teach kids how to make their own source of income and become independent. I'm not saying accumulating resources for kids future is entirely wrong but that should not be your priority. Holding bitcoin has potential and there's no doubt about it but you can not predict the situation at the time you might need for your kids if that's why you are holding. Don't make kids reliant on their parents wealth.

invo

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Quote from: ItsaWhale on February 19, 2024, 10:24:58 AM

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$ on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

That's quite a long time to hold Bitcoin, but it's worth it for most investors, especially those enthusiasts who have been holding Bitcoin for more than 10 years now. They continue to hold their Bitcoins despite the current price, envisioning a higher value similar to what you have envisioned.

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