Bitcoin Forum

Thoughts???

2020

really?

Inflation of 2% would sure make that.....500,000 maybe?

Probably about the same time this thread is created for the 1 millionth time. We're getting close...  :-\

yessir!

lol, 2020 A.D. is as good of a guess as any I suppose

7 years aint bad to be a millionaire lol

I'm guessing between 2030 and 2050. Bitcoin needs time to be adopted. By 2030, 99% of all bitcoins have been mined, and we just wait for more people to use it.

That depends on how well the dollar fares over the next 7 years.

Well the logistic (https://bitcointalk.org/index.php?topic=366214.msg3910508#msg3910508) curve model and recorded growth rates over the last 3.5 years indicates that it will be by then, or probably never ...

Next Saturday.

You can quote me on that.

Technically speaking, BTC has already reached 1 million per coin. It was a registered sell of 1 coin. One 1000 BTC Casascius gold coin :) So the thread = success.

Not a chance in the world that it's mined 99%

I would say, never! Look where it is now, think about all the speculation people have put on coins, 1K here, 5K here, 10K here, 50K there, none of these predictions have come true at all - sure we hit 1K but that is the only real highpoint, no one has predicted any real hits since.

What, we didn't hit 10k in a month since hitting 1k? Wow of course you are right then, bitcoin is doomed! It has two days to be worth a million or it will never be! You are very smart!

Dude seriously what is your issue, this is my opinion if you don't agree with it that is fine, but stop being a sarcastic arse about it jesus! Talk about idiots that get on my nerves.

Lol that was a month ago.  You really expect it to reach the unexpected and then reach the even-more-unexpected in another month or two?

This thing needs time to catch on.

Its possible yes, but the threat is other more superior Crypto currencies overthrowing Bitcoin.

Personally i don't even speculate that price, my current target for 2014 is $10,000 Per coin.

The question should be how much you can buy with 1 Bitcoin. If dollar gets devalued 1 million may not mean much.

At least get your  math straight: 0.98^7=0.868 (so $868k).

Inflation is higher than 2% though ;)

You mean, bitcoin won't survive until the year 2030? Because if bitcoin still exists by 2030, then 99% of all bitcoins have already been mined by then.

By 2025, 20 million coins will have been mined, and the last 1 million coins (up to less than 21 million) will he mined over the next one hundred years.

I think the most likely outcome is for this complex system (bitcoin network) to continue doing what it has done for the last 3 years, to increase 10-fold about every 11 months until a saturation of this bitcoin technology adoption starts to occur.  This comes from doing a least-squares fit of a straight line on a semilog chart. 

Approximately speaking, assuming 700 now, we will have 7000 in Nov 2014, 70,000 in Oct 2015, 700,000 is Sept 2016, and a million somewhere before the end of 2016.

I don't think the USD will change a whole lot in buying power between now and 2017.

Do the math bro.
'year' 'reward' 'Percentage of coins mined'
2012   50   50
2016   25   75
2020   12,5   87,5
2024   6,25   93,75
2028   3,125   96,875
2032   1,5625   98,4375
2036   0,78125   99,21875
2040   0,390625   99,609375

Ofcourse, this is an estamation, we all know it doesn't take a full 4 years to halve block rewards.

Just pointing out that your opinion is much stupider than the average bear on this subforum, and this is a very, very low bar.

check your math bro.

2013  25      75

I believe we are on track to next halving in 2015. We could hit $100k by end of 2015. Oh shit, I am seeing another prediction...

In any case I would suggest anyone to keep at least 1 btc even if u plan to cash out in case that $1 mill per btc ever happens :)

The almighty buck isn't the only currency in the world  :D


I did not know that.

Interesting question.

Suppose the growth continues like last year then the following will happen:

Each 6 months the price will 10 fold:

june 2014: 5.000 dollars.
december 2014: 50.000 dollars

june 2015: 500.000 dollars
december 2015: 5.000.000 dollars

So that's your answer... one and a half years from now a bitcoin might be worth 1 million dollars.

Let's continue growth rate to see when it reaches 1 billion (usa) dollars and beyond:

june 2016: 50.000.000 dollars
december 2016: 500.000.000 dollars

june 2017: 5.000.000.000 dollars
december 2017: 50.000.000.000 dollars

june 2018: 500.000.000.000 dollars
december 2018: 5.000.000.000.000


My 0.00015 btc would then be worth: 750.000.000


LOL... I better keep holding on to them then lol.

BTC will never reach 1 Million $ per coin.

I know this as i am an unlucky bastard, so BTC will most likely go to $0 and all my invested BTC money will be lost. (Yes, i own quite a few BTC)

  ;D

Are their any rumors yet about a faster transaction for bitcoin if possible?
Some of the altcoins got a faster transactions than bitcoin already. I saw that litecoin updated the wallet and have faster transactions now cause of the update. That will also help alot for long term.

I don't think that it'll happen in this century. May be in 2140, when Bitcoin mining ceases. The real value of the US Dollar will be about 1/1000 th of the value now. So that means, effectively not much of a change.  ;D

When 21 million people all want 1 Btc each. Or 1 million people all want 21 Btc each.

Of course there are lost btcs along the way plus genesis block plus satoshi's hoard plus Winklevii's trust plus other hoarders.

So, chances are pretty good IMHO as long as Btc the payments system continues to function.

BTC will reach $1Million USD around the same time that it'll cost $5,000 for a loaf of bread at Food Lion.

Some crazy maths you've got going on there  :D

Haha, you and me both. So I really doubt I will ever see that kind of money form a risky investment.


I want fucking 5 figures already though... why is it taking so long!

December 2016 ... it's bullshit based but hope I'm right lolz :D

This makes no sense. You aren't unlucky and I can prove it. Sell all your BTC and cash out today and walk away. See - you just made a lot of money. You lucky as hell.

Unless he bought them for $1000

Good one what actually i wanted to see
Bitcoin actually have that potential to reach 1 million per coin
as well as as much as our coin will be adopted by budiness and institutions then of course bitcoin will rise up.
the most part is when demands is rising up in the other hand every 4 years our supply is getting less and less
more demands and less supply will pull more up in price.

Not in our lifetimes

$50k in year 2016
 $1M in year 2050  (a lot of improvement in protocol before this price)

50 k is good, if only someone would donate that .7 I need for a full BTC for all my great threads lol.. cheers!

I am so unlucky that if i cashed out all my BTC they would eventually be worth a guaranteed 1 million dollars each lol  ;D

Seriously, i could cash out and walk away with a little extra, but its money i can afford to lose and i actually believe in BTC.

faster means less secure...

look to maybe emunie for actual faster transactions

Id rather have Bitcoin than 1 million paper trash

http://cascade.uoregon.edu/spring2010/photos/trash.gif

Fiat is only good for working out Bitcoins buying power  :D 

Never, but $400,000 is good enough to make everyone here happy.