Bitcoin Forum

Was listening to video last night and did some calculations. If we're going for $1 million, then we have at least 125x from here.

Put it another way, whatever you buy at this point, has the potential for a 12,567%. Compared to a savings account of 0.25% per year. BTC gives that a day on average since. Name another asset that can grow this fast if you believe in a $1 million BTC

Price is what you pay, value is what you get. Starting to get my head around the fuss of having to own a full BTC.

So much potential upside.

bitcoin market is small and any 1$ will effect in price so you see price move up and down more than 1,000$ very easy

Index funds return about 8-15% per year and that is considered great, compared to BTC which is a disruptive technology, it pales in comparison.

I think you mean $1 million by that $1 because bitcoin's total market is in billions which is not quite small to get affected by just few dollar.
But it is also true that there is still lots of room for bitcoin to rise, marketcap of bitcoin can easily get over $1 trillion atleast so holding all bitcoin you have is the best decision you can ever made in your lifetime, don't regret by selling your bitcoin right now just like the guy who have bought pizza for 10,000 bitcoin in past.

$1 Million is too much for a bitcoin price, I think it is almost impossible. You can only be a millionaire if you have a lot of bitcoins.
Bitcoin is the most popular and most expensive currency now in virtual world, what more if it reaches a million per btc?
I am not targeting that such huge amount, I am contented what I have now because greediness can lead you to the other side which is loss.

there really isn't any kind of target for bitcoin. 21 million coins is such a small amount for us to put a target like this for 1 whole bitcoin. you can however start talking about how much 1 satoshi is going to be worth though. additionally all the 21 million coins is not going to be available!
* there will be some amount always remaining to be mined (although small) because of how halving words
* there is also the Satoshi's stash which is speculated to be 1 million
* there is also all the coins that have been lost due to people losing their wallets/private keys
* there are burnt bitcoins
you can see it is smaller than 21 million even. and less supply compared to the billions of people investing in bitcoin in a couple of years means a lot more than $1 million per coin. 8)

I like the idea of every BTC 1,- holder being millionaire.  ;D
It could be nice just holding 1 BTC and you have done your "hard saving" for retirement.
Of course, price will go up as some sharks and institutional money are not holding 1 BTC.
They enter the market with bigger amounts grabbing a lot of BTC.
On Bitstamp, i often see orders of 200 or 300 BTC
21M supply is "not much" having in mind the global reach of BTC.
Time will show but, I would like to see $100K price per 1 BTC. :)

Well your calculation is based on the assumption that Bitcoin will continue increasing according to the current trend. Unfortunately, we can never know if that will be the case.

We are a long way from 1 bitcoin being worth 1 million USD but it’s definitely possible, I wouldn’t expect it any time soon though, probably 10+ years from now.

1 million per bitcoin is impossible, i laugh at all this speculations because you all know that it is impossible to reach that price, and if the prices goes upto $30k you will instantly sell your coins because i dont think that you have balls to try to hold until you reach one million dollars.
And yes, if you calculate all the percentages that bitcoin is giving, then it is probably giving 0,70% a day to all of us, because it has been increasing a lot during this week too.
Bitcoin is a good thing, but it will never be at one million dollars because there is no way to see it happening.