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Title: $10MILLION per BTC Post by: jekjekman on October 18, 2017, 02:28:07 PM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat.
And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png Title: Re: $10MILLION per BTC Post by: Don Pedro Dinero on October 18, 2017, 02:34:46 PM Well, at least this speculation post is based on what Satoshi said. Even if he said it, he could be wrong but I would like to point out a couple of things: he is talking about bitcoin substituting all fiat currencies and we don’t know if it will just coexist with them which would lower that amount. Apart from that, he is valuing total World’s wealth but wealth increases with time, so it could make that figure go up. Anyway, if that happened we would be really happy but we have a long way to go.
Title: Re: $10MILLION per BTC Post by: allthingsluxury on October 18, 2017, 02:56:45 PM This would be a stunning thing to see, but I just can't wrap my brain around it ever reaching that number. Would be insanity obviously.
Title: Re: $10MILLION per BTC Post by: puremage111 on October 18, 2017, 03:08:01 PM When we are at $1K people call us scam
When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P Title: Re: $10MILLION per BTC Post by: Opquar on October 18, 2017, 03:10:20 PM That's insane. Obviously, though, replacing all fiat in the world is a tall order. It likely won't reach that high, as Hal said. Anyone know what Satoshi said in response?
Title: Re: $10MILLION per BTC Post by: reliable on October 18, 2017, 03:10:34 PM When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P I do not know what will happen when even if it crosses above 20000$ in coming next year or even by 2019. But I think that it would be more on a unrealistic not to compare the price of $10 million which would be insane if it happens anytime. I wish it to happen but somehow also thinking that it won't. Title: Re: $10MILLION per BTC Post by: Koadharber on October 18, 2017, 03:21:34 PM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat. Even they though talk such thing i wont believe that this would really be achievable by bitcoin itself knowing that we cant even reach to the point that we would potentially replace fiat.Its an impossible thing to happen knowing government wont really allow such thing to happen. $10-15k would be somehow realistic to speculate to.And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png Title: Re: $10MILLION per BTC Post by: scott1 on October 18, 2017, 03:23:22 PM I think all parties involved have a vested interest in the continuous price rise of BTC and there are little "corrective forces" (long-short funds, or derivative players) like you have in the traditional markets that are taking the opposite side and creating price ceilings. Therefore, the probability for a large price increase going forward continues to outweigh the probability that we see a substantial decline. And, truthfully, BTC needs to continue to climb for it to gain more mainstream adoption, which then (in a cycle fashion) increases the probability of continues upward price momentum.
$10 million USD/BTC is an outrageously high number, and would imply a valuation of over 150 Trillion. Personally, I don't think we'll ever see that but WTF do I know ;) Title: Re: $10MILLION per BTC Post by: cellard on October 18, 2017, 03:32:08 PM That's insane. Obviously, though, replacing all fiat in the world is a tall order. It likely won't reach that high, as Hal said. Anyone know what Satoshi said in response? This is from the bitcoin mailing list, it's still up online for anybody to see: https://sourceforge.net/p/bitcoin/mailman/bitcoin-list/thread/20090111022201.C084C14F6E1@finney.org/ In case it goes online, I will quote satoshi's response here: Quote Re: [bitcoin-list] Bitcoin v0.1 released From: Satoshi Nakamoto <satoshi@vi...> - 2009-01-16 18:35:32 > Dustin D. Trammell wrote: > > Satoshi Nakamoto wrote: > > You know, I think there were a lot more people interested in the 90's, > > but after more than a decade of failed Trusted Third Party based systems > > (Digicash, etc), they see it as a lost cause. I hope they can make the > > distinction that this is the first time I know of that we're trying a > > non-trust-based system. > > Yea, that was the primary feature that caught my eye. The real trick > will be to get people to actually value the BitCoins so that they become > currency. I would be surprised if 10 years from now we're not using electronic currency in some way, now that we know a way to do it that won't inevitably get dumbed down when the trusted third party gets cold feet. It could get started in a narrow niche like reward points, donation tokens, currency for a game or micropayments for adult sites. Initially it can be used in proof-of-work applications for services that could almost be free but not quite. It can already be used for pay-to-send e-mail. The send dialog is resizeable and you can enter as long of a message as you like. It's sent directly when it connects. The recipient doubleclicks on the transaction to see the full message. If someone famous is getting more e-mail than they can read, but would still like to have a way for fans to contact them, they could set up Bitcoin and give out the IP address on their website. "Send X bitcoins to my priority hotline at this IP and I'll read the message personally." Subscription sites that need some extra proof-of-work for their free trial so it doesn't cannibalize subscriptions could charge bitcoins for the trial. It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy. Once it gets bootstrapped, there are so many applications if you could effortlessly pay a few cents to a website as easily as dropping coins in a vending machine. Satoshi Nakamoto http://www.bitcoin.org Also notice how back in the day you could send BTC to IP addresses and this was removed from a security pov. Title: Re: $10MILLION per BTC Post by: Funeral Wreaths on October 18, 2017, 03:32:52 PM as far as i am concern yes it can be possible, since bitcoin was already emerging, to think that satoshi said it, maybe he has a point, but we cannot be so sure about it. Anyway lots of stuffs happened since the launch of bitcoin way back years ago, but stilk it is making its way forward.
Title: Re: $10MILLION per BTC Post by: kabzeon on October 18, 2017, 03:40:37 PM There are a lot of posts out there implying that they expect bitcoin can continue to rise in value indefinitely, or forever. I agree that it will continue to rise in value but it will eventually top out. Even if bitcoin were to become the predominant currency and replace fiat, its value could only increase as fast as global GDP increases (~2-3% per year) so I don't think it will reach the 10 mil mark.
Title: Re: $10MILLION per BTC Post by: MoonIsBlue on October 18, 2017, 03:43:30 PM Easy, Bitcoin can do a 100 Million with Litecoin responsible for smaller transactions such as coffee.
Title: Re: $10MILLION per BTC Post by: sukamasoto on October 18, 2017, 03:43:52 PM I think it's too good to be true but if bitcoin show a promising progress and it's popularity keep growing until next 10 year, I think it will happen.
But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor ! Title: Re: $10MILLION per BTC Post by: killerfrost on October 18, 2017, 03:46:21 PM It is difficult to achieve this. $ 10 million per BTC is not small and can never happen. A huge number that any currency can achieve. However, replacing fiat with bitcoin can happen in a few decades
Title: Re: $10MILLION per BTC Post by: MoonIsBlue on October 18, 2017, 03:50:31 PM It is difficult to achieve this. $ 10 million per BTC is not small and can never happen. A huge number that any currency can achieve. However, replacing fiat with bitcoin can happen in a few decades Why? Just because you think it is an insane number? I think it is insane how much wealth Bill Gates has for example, doesn't mean its imposible. Stop letting your beliefs restrict you. Bitcoin can do 1 billion per coin. Easy! I don't get it, reading commnents here its all I think its crazy, its too good to be true. Well if you bought for a few dollars worth of bitcoin upon its release you were a millionare now. You're breathing in an envoirment where coins can go 100-1000% in a day and you think BTC hitting over a million is to far fetched? Title: Re: $10MILLION per BTC Post by: jekjekman on October 18, 2017, 03:51:10 PM When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P They might call us in insane :D There are a lot of posts out there implying that they expect bitcoin can continue to rise in value indefinitely, or forever. I agree that it will continue to rise in value but it will eventually top out. Even if bitcoin were to become the predominant currency and replace fiat, its value could only increase as fast as global GDP increases (~2-3% per year) so I don't think it will reach the 10 mil mark. $10 million is the price for the coin to replace fiat, if it will then it will be more than that amount since global GDP will be more than the amount stated because of the yearly growth. I think it's too good to be true but if bitcoin show a promising progress and it's popularity keep growing until next 10 year, I think it will happen. But overall it become people's choice whenever they still believe on bitcoin by holding as long as possible or they loss everything. That's the risk of being bitcoin investor ! Yes it really depends on the people if it will be accepted by everyone. And also if governments will not release their own crypto currency. Title: Re: $10MILLION per BTC Post by: waynechong1995 on October 18, 2017, 03:59:57 PM Statements are easy to make, but imagine how much obstacles Bitcoin had to make through in order to be $100000, nobody was anticipating and maybe words are just mere words. How real world people perceive bitcoin is that matters :) $5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined!
Title: Re: $10MILLION per BTC Post by: Kikai on October 18, 2017, 04:20:23 PM That's why is divisible, also there will be a lot of other coins
Title: Re: $10MILLION per BTC Post by: jekjekman on October 18, 2017, 04:28:10 PM Statements are easy to make, but imagine how much obstacles Bitcoin had to make through in order to be $100000, nobody was anticipating and maybe words are just mere words. How real world people perceive bitcoin is that matters :) $5k is enough to make chaos among traditional financial firms, $10m is impossible cause that's insane! 10,000,000 * 21 m ? that would be 210 trillion, 300% more than the value of all fiat currencies combined! I think as per the conversation $100-300 trillion is how hall estimated the total household amount of the whole world. So that is the amount the coin should worth for it to replace fiat. Again that is their computation if it will replace the latter. Title: Re: $10MILLION per BTC Post by: salihno71 on October 18, 2017, 07:45:04 PM Hey man, i would be happy to see btc reached 1% of that value. It's a lot of money. It's a stretch but it's reachable under the right conditions.
Title: Re: $10MILLION per BTC Post by: joseafonso123az on October 18, 2017, 08:05:04 PM Well, it's a very big value for BTC. Maybe after every BTC is mined we will see a somehow stable price, till then we can only speculate the price!
BTC has to grow, in terms of price, because you can have only a fixed number of BTC. And if the price rises, you will see trading with less than 1 satoshi, that would value a lot also. And with that more portions of BTC will be available. Title: Re: $10MILLION per BTC Post by: ArdiPrabowo on October 18, 2017, 09:11:35 PM crazy price, bitcoin price is never reach 10 million dollar
only reach 100k dollar still imposible and only dream Title: Re: $10MILLION per BTC Post by: LenyaPoker on October 18, 2017, 09:46:54 PM I think Hal Finney is a worthy man, but $10 million for 1 BTC seems like a fairy-tale to me now. We'll see what happens after hard-fork to understand which way is Bitcoin going
Title: Re: $10MILLION per BTC Post by: HatakeKakashi on October 18, 2017, 09:53:31 PM I dont think bitcoin price will reach 10 million dollars because that price is very high. I dont think many peope until now believe bitcoin bevome mililions of dollar each bitcoin if that happen many people become rich and possible you will be replace billgates to those people have thousands of bitcoin in their pocket. Thats very unrealistic to happen in real life. Maybe 100k dollars is possible but the percent is 0.01 percent only for me.
Title: Re: $10MILLION per BTC Post by: X7 on October 18, 2017, 09:55:32 PM Beautiful to see his logic - not biased - just logical.
Title: Re: $10MILLION per BTC Post by: dothebeats on October 18, 2017, 10:19:24 PM Bitcoin in itself wouldn't replace fiat completely, less because it isn't competent enough; and more due to government and banks' intervention. Hal's projection seemed to be ambitious, though not really impossible since as of right now we are seeing impossible gains with only a few million people involved. What more if we add a couple more million people interested in investing and keeping their assets with bitcoin?
crazy price, bitcoin price is never reach 10 million dollar only reach 100k dollar still imposible and only dream We also said $5000 is impossible and cannot be achieved in the last 2 years. Look at where we're at right now. Title: Re: $10MILLION per BTC Post by: marcbitcoins on October 18, 2017, 10:26:57 PM crazy price, bitcoin price is never reach 10 million dollar only reach 100k dollar still imposible and only dream Yes that is true! Even if bitcoin value will reach $10,000 by next year it will already to become more expensive to purchace by the small time investors like us therefore majority of the small investors will look for other alternative means to be keep in crypto business in which they might likely shifting the investments to altcoins because it is cheaper to purchase which is fit for a small capital. Maybe Mr.Satoshi and the rest of the team did not expect that altcoins were going to exist to follow the path of bitcoin and to become competitor that is why they come up with that $10M value before. Title: Re: $10MILLION per BTC Post by: BelieveInBitcoin on October 18, 2017, 11:04:20 PM I'm not greedy. I'd be happy if my BTC only rose to $5 million!
Title: Re: $10MILLION per BTC Post by: avikz on October 18, 2017, 11:52:28 PM crazy price, bitcoin price is never reach 10 million dollar only reach 100k dollar still imposible and only dream Yes, I somehow think the same. Because to reach that 10 million USD mark for one bitcoin, the market cap needs to be even bigger than the size of world economy which ain't gonna happen in any way. I can even think of trillion dollar market cap for bitcoin but that won't bring the price up to even 1 million price point. So honestly 10 million is a distant dream for me as well. I will be happy if bitcoin can cross 20k USD mark because that is my goal price and then I will be able to leave my job and travel the world for the rest of my life. Title: Re: $10MILLION per BTC Post by: aardvark15 on October 19, 2017, 12:23:17 AM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat. And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png There are many obstacles for Bitcoin to overcome before it can replace fiat currencies. Just one of them is the fact that there will only be 21 million ever mined. I realize that a Bitcoin can be divided into 8 decimal places but even that limit will be a problem. It’s a problem because people lose Bitcoins. Governments keep printing fiat so the supply never runs out. With Bitcoin, any time some is lost, it’s gone forever and the supply is reduced. At some point, too many will be taken out of circulation and there won’t be enough to use as a fiat replacement. And as the value keeps rising, the Bitcoins that are left will be hoarded because the value keeps rising. Title: Re: $10MILLION per BTC Post by: DevilSlayer on October 19, 2017, 01:07:01 AM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat. I think it will become like that. The bitcoin is now has a very good progress in the market and it seema that it will become better in the following days. I can say that bitcoin will never die.And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png Title: Re: $10MILLION per BTC Post by: Jafri101 on October 19, 2017, 01:17:32 AM As the price of bitcoin is rising i beleive it can go upto 10,000 $ because in just 1year it has jumped from 750$ to 5800$ so why cant it go further?? so i say yes definitely it can pump to 10k $ like neatly in 2years.
Title: Re: $10MILLION per BTC Post by: yugyug on October 19, 2017, 01:34:53 AM based on satoshi supply protocol every 4 years the mined coined will be halves from the previous 4 years cycle or a 50% reduction of supply, for a total of 21million bitcoin, the first 4 years the total mined was 10 miliion (2009 - 2013), then followed by 5 million after 4 years (2014 to 2018) to , so in the next 4 years ETA 2022 the total mine will be 2.5 million.In my conclusion, supply chain is diminishing every 4 years, from the law of supply and demand, the lesser the supply the higher the demand, the higher the price. A 1M USD per BTC is feasible as long the demand is still there. The mass adoption is the key to 1 million USD.
Title: Re: $10MILLION per BTC Post by: ralle14 on October 19, 2017, 01:46:41 AM No way bitcoin would replace fiat. Bitcoin is illegal/banned in some countries. If bitcoin reached that kind of amount I can't imagine what's the price of every altcoins out there.
Hey man, i would be happy to see btc reached 1% of that value. It's a lot of money. It's a stretch but it's reachable under the right conditions. $100k is still a huge amount. We need to burn more bitcoins before we could reach to that point.Title: Re: $10MILLION per BTC Post by: Milo_Kidd on October 19, 2017, 03:16:46 AM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat. And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png Are you sure with that? Cause I would be ask I am not. But I think ni one can assure that. But if that will happen we dont have choice but to grab price in the next, next 4 years haha. Its was so long ;D Title: Re: $10MILLION per BTC Post by: boyptc on October 19, 2017, 03:37:12 AM When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P WE can't avoid those type of people they keep on talking nonsense like that and they just don't believe what bitcoin is. Hal Finney is clearly talking about the replace of fiat but I doubt it will happen, there will be a cashless society but there will still be a choice of fiat money that will be used for those people that doesn't have an idea about these things. What's good here is $10,000,000 per bitcoin? I'll wait for this day. Title: Re: $10MILLION per BTC Post by: Yadstiker on October 19, 2017, 04:28:31 AM When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P WE can't avoid those type of people they keep on talking nonsense like that and they just don't believe what bitcoin is. Hal Finney is clearly talking about the replace of fiat but I doubt it will happen, there will be a cashless society but there will still be a choice of fiat money that will be used for those people that doesn't have an idea about these things. What's good here is $10,000,000 per bitcoin? I'll wait for this day. Title: Re: $10MILLION per BTC Post by: boyptc on October 19, 2017, 04:45:04 AM When we are at $1K people call us scam When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P WE can't avoid those type of people they keep on talking nonsense like that and they just don't believe what bitcoin is. Hal Finney is clearly talking about the replace of fiat but I doubt it will happen, there will be a cashless society but there will still be a choice of fiat money that will be used for those people that doesn't have an idea about these things. What's good here is $10,000,000 per bitcoin? I'll wait for this day. Yes that's the deal here that we have seen on how did bitcoin became a good investment to each and everyone of us. There's a lot of challenges, ups and down and different FUDs that has been scattered throughout the crypto community and each crypto trader has been helped by bitcoin. Even bitcoin will only reach $100,000 well that's a wonderful day already, I mean today is a great price of bitcoin but if it will go up higher, that's a greater day! Title: Re: $10MILLION per BTC Post by: Shinpako09 on October 19, 2017, 04:50:44 AM Expect the unexpected in btc but even Satoshi could be wrong in his prediction. Also, as if we're still alive during the time of hitting that price if ever it was true. Maybe we don't even living here at the time of $1M per btc. It will probably take more than a decade.
Title: Re: $10MILLION per BTC Post by: miyaka26 on October 19, 2017, 06:27:54 AM 10 million seems to be impossible but who knows? after a decades what will be the bitcoins value over the market? or bitcoin is already phased out and some altcoins out there replaced the bitcoin as the number 1 crypto currency, but that's a lot of zeros and that speculation is not clear on these days. i hope that btc will reach that state but i might be dead that time.
Title: Re: $10MILLION per BTC Post by: truongdhnh on October 19, 2017, 06:56:45 AM 10 million seems to be impossible but who knows? after a decades what will be the bitcoins value over the market? or bitcoin is already phased out and some altcoins out there replaced the bitcoin as the number 1 crypto currency, but that's a lot of zeros and that speculation is not clear on these days. i hope that btc will reach that state but i might be dead that time. Yes, who knows, nothing is impossible but it is too far away from bitcoin price now. We probably see $ $100,000 per BTC or more luck would be $1MILLION per BTC when we are still alive.Title: Re: $10MILLION per BTC Post by: Kava on October 19, 2017, 07:00:09 AM $10,000,000 for a piece of Bitcoin this is the amount that the coin should reach in order for it to be a replacement for fiat. I think that bitcoin should not fall into one hand, otherwise there will be a problem that this person will twist it as much as he wants, and we will suffer, and at one point the bang will ruin everything, this will be the future.And this amount was even calculated by Hal Finney way back in 2009. Screenies of a forum conversation between Satoshi and Hal Finney. https://i.imgur.com/L4x7X0A.png Title: Re: $10MILLION per BTC Post by: hownowbrowncow on October 19, 2017, 07:03:13 AM I'm going to go with, not going to happen, on this one.
Title: Re: $10MILLION per BTC Post by: bonghip on October 19, 2017, 07:10:04 AM When we are at $1K people call us scam I understand you. Not Bitcoin can not make $ 10 million a Bitcoin, but it will be difficult and it will take a long time to reach that value.When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P However, we can not predict the future, maybe someday. Title: Re: $10MILLION per BTC Post by: Vladv26 on October 22, 2017, 07:26:02 PM It seems more than impossible for bitcoin to reach $10.000.000. I dont see bitcoin to be such a powerful thing and technology in order to reach $10M. Thats x1500 times more expensive than now. An enormous number
I honestly dont think bitcoin will reach $100.000, maybe only after a few decades but it is still a big price for only 1 bitcoin Title: Re: $10MILLION per BTC Post by: mrcash02 on October 22, 2017, 07:32:14 PM It seems more than impossible for bitcoin to reach $10.000.000. I dont see bitcoin to be such a powerful thing and technology in order to reach $10M. Thats x1500 times more expensive than now. An enormous number I honestly dont think bitcoin will reach $100.000, maybe only after a few decades but it is still a big price for only 1 bitcoin Seems impossible now, but there aren't many people using Bitcoin yet if we take all the world's population in consideration. To reach such high price the demand must skyrocket and it will be only possible if rich people put considerable amounts of money invested in BTCs. It will only happen when they become confident about the future of Crypto-Currency, otherwise they can lose their fortunes, they need to have sure about the balance between supply and demand first to start investing high. Title: Re: $10MILLION per BTC Post by: McKane on October 22, 2017, 08:47:33 PM When we are at $1K people call us scam I understand you. Not Bitcoin can not make $ 10 million a Bitcoin, but it will be difficult and it will take a long time to reach that value.When we are at $5K people call us bubble When we are at $10 Mllion, i have no idea what do people call us because they would have be gone :P However, we can not predict the future, maybe someday. Title: Re: $10MILLION per BTC Post by: jimn on October 22, 2017, 08:53:00 PM This price ($10 Million) seems not realistic surely. Without any doubt Bitcoin's price is expected to rise highly in the future and that it will hit the highest possible levels soon, but $10 Million is really very big and maybe need a miracle to happen.
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