Bitcoin Forum

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The saturation of demand is the answer.

It's not realistic at all. With the rise of certain altcoins with a purpose which do things much faster & better I see Bitcoin if anything dying off as people choose to invest in other coins.

If 500k USD prediction is a dream then the 1m USD prediction is an impossible dream .  I doubt that bitcoin will reach even 100k USD with full saturation.  There is always competion and resistant to the price.  Aside from that regulations alway butt in whenever something inflates too much.

But fews months ago no one would have expected that bitcoin was about to rise it's pice by 1.000$ and it has really happened

I'd say it would be possible, but very unlikely.

If comparing to USD, I would think that the only way for it to be worth $1M would be if the US Dollar experiences hyperinflation.

On top of that, it would need to be adopted worldwide as a legitimate currency for payments.

um the US will experience Venezuela style hyperinflation for printing trillions in $$$ out of thin air. its just a matter of time. and watch bitcoin explode!

Do You watch the exchange rate online right now?

One would think so.  During QE...I think #3...they were printing over a trillion dollars a year, and during this time, the USD gained strength against my local currency (CDN) lol

Net importer of goods, net exporter of fiat including that inflation.

With inflation and Bitcoin's continued existence it's inevitable.

With today's buying power, golly that's a stretch. However by the magic of market cap it could arrive tomorrow if people stopped selling.

and what if they "discoveredd" a new form of bitcoin mining? that would definately rise prices again

There's no way to predict the future. But one way to figure out how realistic it may be is to do some math to see what levels of adoption would be needed for the demand to drive the price to those levels.

We have an estimate X bitcoin owners today and Y bitcoins outstanding/mined and Z price per bitcoin.

So there's a relationship between X and Y to Z. If you change Z to $500,000 or $1,000,000 and solve for X you can find out how much adoption and demand would be needed. To get even more precise you should change the level of Y to reflect a future supply of bitcoin that would be higher than it is today, the effect of which will slow the price growth to adoption rate a bit.

The real challenge in the math is estimate how many users there are. There isn't good data on this, however we do have good data on the number of wallets open (currently at about 13.5 million).

Even if you google "how many people use bitcoin" you'll get an incredibly wide range of answers. In this case, take the lowest and highest estimates and create a range for your math.

Once you have a range based on the math you can determine how likely (or not likely) it is to reach that range of adoption to drive the price to $500,000 to $1M.

Maybe there's 10M bitcoin owners today. Could that number get to 100M? Absolutely, and if supply did not change than that would (in theory) raise the bitcoin price by 10 (so $20,000). Assuming no increase in supply, but another 10 fold increase in owners from 100M to 1B we (in theory) could have a bitcoin price of $200,000.  We're only a fifth of the way to a $1M price per coin and we need just less than a fifth of the world's population to get there. This also assumes that each user maintains their current holdings and isn't buying more.

Another assumption to factor in (and one that makes reaching the price beyond this basic math more feasible) is considering how many businesses own bitcoin. Businesses can drive the price way up because they often have greater resources to buy the coin!

The discussion can get quite fun when we start talking about the math!

And with supply are you taking availability into account? The maximum number of 23M bitcoins circulating around the world

21M Bitcoin.

In regards to this discussion, if you would have told me back in 2010 that Bitcoin would be worth $1,000 one day, I would have laughed.

I've got friends that have adopted Bitcoin when the ticket was XBT and some even before that. Some mistakes were made along the way, such as spending or selling them at $25-50... while a few of them held on and are now Bitcoin millionaires.

My dumbass never got in because I didn't have the intuition at the time... but I got in under $300 so I'm not doing too bad.

Is $500k a possibility? Yes, it is. Is $1MM? Absolutely. Is it likely to happen? I firmly believe so.

Why? Because fiat currency is almost obsolete. Even credit card and digital payments are almost the "norm" for fiat currency spending. There's nowhere for currency to evolve into besides digital currency.

It's all about adapting to technology... remember when apple released the iPhone 7 without a headphone jack, and everyone complained and said that was the biggest mistake that Apple made? Yeah, look at the sales. I'm typing this on my 7 right now.

Technology scares people because it's new and something they don't often understand. Bitcoin is the same way. I think where we are at with BTC is that people don't understand it just yet, but the global hype is peaking their interest about it. Once we approach 'critical mass' the price and availability will be dependent on the demand of the available supply. Once the last btc has been mined, that's it. Supply is capped. It's not like fiat currency that can be printed for no good reason.

$500k per BTC? Yup. Definitely a possibility. Probably not for a good couple decades, but definitely possible.

Oh. But the transactions and confirmation issues need to be dealt with. Fuck a hard fork, start with a soft fork and see how else to adapt thereafter.

Not realistic at all imo, the maximum is probably about a tenth that, 100k$ and its far from a sure thing it will ever reach that high.

I agree with you that its not possible to achieve the price in millions in future as that seems to be an unrealistic value to expect from bitcoins and even I don't think that it can achieve the price of $100k and maximum I see bitcoin going to $10k not more then that.

With the way Bitcoin developers and the community are acting, a solid no.

What You see it in this moment?

No. Keep it in your dream. Bitcoin can never surge pass that price because it is not as good as it needs to be to reach $1000000. Therefore, I think bitcoin can only reach $15000 maximum. Dont try to think that it will get even higher. Other altcoins will take its place. I can guarantee that

With the current trend, 2k target is very likely, 4K is quite likely in 2018. 10k may be possible before 2020 if capacity issues are solved successfully and main stream start to accept it.
If I remember well, 6k bitcoin price equal to 1% of investment in gold flow into BTC.
Anything beyond that means BTC must be hugely successful and the whole world in looking to buy it, like in the unfortunate situation of war or collapse of a major currency.

Put please the picture of Your trend vision.
It go down clearly.

Those certain people are traders who understand the power of speculation on the market

Bitcoin getting such a value will certainly need a hard fork  to accommodate smaller denominations like the $1 or $5 as opposed to rounding off.

$1 Million is too high for an expectaation!
If ever the etf gets approved we might get there and bitcoins self supporting mechanism of halving also increases bitcoin value so i would say 10 grand easy catch.

Very short term trend yes, we are having an adjustment. But the current trend since several weeks is very much going upwards.

The main reason that bitcoin continues to rise is because at the moment it is the only current form of payment to acquire the other criptomonedas, which in operation and speed take light years to bitcoin. At the moment the users of bitcoin depend on the good decision taken by the developers involved in the scalability of the currency, otherwise bitcoin tends to drastically lower its value.

If You like counting weeks, this is a first week, when it go down.

If the total money in circulation is about $75 trillions

https://www.quora.com/What-is-the-total-amount-of-money-in-the-world?srid=Vkiw

and assuming that Bitcoin gets 50% of this, it would mean that we have Bitcoin's market cap at $37.5 trillions. By using some proportions, it means that 1 BTC would be equal to $2,343,750.

Trump in the USA, Putin in Rusia, the Korean situation... doesn't that look like a war about to begin?

We all agree Bitcoin is headed for the moon, but let stop mixing day dreams with realities. Such staggering value as $1M per Bitcoin and for an instrument the governments dubbed the favorite of criminals, would never be allowed to become that formidable and render all fiats irrelevant and valueless.

There is a competition of currencies, and BTC is only one of them.

and how would they do that? removing internet access worlwide?

i think its need more time to see bitcoin price is at $1M because we don't know when the price is suddenly increase in that price but i am sure that if more people is know bitcoin and they do many things using bitcoin, then the bitcoin price will be at $1M like the OP said and we only have to waiting when that moment is come.

And Venezuela never thought they woulds see 100% inflation. So anything is possible.

and possibly if prizes grew that much, I believe that the saatoshis would be fragmented to make it reachable for everyone, and making us "senior" users (because when that happens that's what we'll be) kind of rich out of the blue (and faucets)

We have two unstable minds in USA and Korea and none of the presidents had the guts to question the activities of Korea till now and it is simply because they have nuclear missiles and it is not like going to war against Iraq ,Syria or Afghanistan because US knows that they are not capable of defending themselves but that wont be the case with Korea.
No comments for the $1M prediction. :P

Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.

We're dead by then, if that happens people like Wu and Satoshi(rather their grandchildren)will become the emperors of the world :). unfortunately by that time I predict a new currency replacing Bitcoin but it will exist no matter what.

I'm more comfortable with the prediction of $8000 per coin by the next halving in 2020 and thinking about far in the future then we should start buying land in mars starting from now before they colonize the planet.

1 million usd for one bitcoin is too ambitious and I doubt that will ever going to happen. It would need zillions of market cap to reach that valuation which is not really realistic. I think 10-12k USD is still possible and realistic but not anytime soon. It would take 7-10 years to reach that value.

Bitcoin is certainly a great investment now because we have the chance to get in at a cheaper price. However, the transaction block problem is one of the major roadblocks for the bitcoin to reach that price now. Once it is solved, we will see a good appreciation by the end of this year which will make everyone happy for sure.

Getting a price range of around $8000 is a realistic chance ,it is really difficult to get a price of $1 M bitcoin because no one in the right mind would dare to enter or purchase the coin when there is a astronomical price tag,i am sure i will sell off everything when the price reaches $10 k . :D because i cannot handle myself if i am holding more than a couple of million dollars. :P

Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.

Yup.

$500,000 its too much price for bitcoin in the future.. and i think its impossible to happen in the future from $500k to $1m
Maybe i think 10,000 much more possible to reach in the future than what you are predicted..
For now we have still slow movement of the price that nearly to hit $2k value if we heard more good news that can affect almost globally the price of bitcoin can be increase more and touch $2k value soon.

It won't get to be that high I don't think. Maybe a few thousand for the next year or so, after that in the tens of thousands I am sure. But at a certain point bitcoin is becoming too slow, needs segwit!!!!!

Very delusional no way it ever goes that high. It might be fun for some people to dream about that, but it won't realistically reach that number.

People love to dream and then speculate about it, I don't know if bitcoin could achieve that but for now $10,000 seems more realistic.
Bitcoin has huge potential to reach higher price of course, as people attracted to its advantages but there are some problems which need.to solve before we reach those prices.

Some think it will be @22k by December!

Save for anything catastrophic happening (like, North Korea), I think it is possible. I just find it unlikely to happen within this next couple of years. It's around $1,700 and I'm not even optimistic that it would double by the end of the year. True, Australia and Japan has just announced they recognize bitcoin but I don't know if that would be enough to ramp up the demand to the point that it'll be doubling or tripling within the year.

Nice FUD 2 post account.

$1M Bitcoin prediction isn't realistic, because it's a very exaggerated price tot think now. There is a big distance between $1800 and $1M. It can happen, but no way to say why this will happen and when it will happen. People are dreaming about it...

Aside from your variables X, Y and Z, I think that the volume of transactions is another important variable that should be taken into account.  That has a huge impact on the demand of a currency, and ultimately, it's value.

Is that stat out there?  How much bitcoin is changing hands over a period of time?

im not believing it, if its happen, i think bitcoin will be known by government, they will limit our earnings they will put taxes on us, i believe in $5000-$10000 but it will took a way long run, it will takes years before it will be happens.

For me bitcoin could realistically reach $500,000 in the future if you coule take a look and bitcoin statistics many countries started adopting it and merchant and services started using it as a payment method.
if an scaling solution like segwit could get implemented it will open up new and more functions and solutions to the bitcoin scaling and malleability.
If only the community would achieve consensus and then decide to activate this solution but if not it's still fine, many proposal will emerge in the future to fix bitcoin scaling problem.

Anything is possible with bitcoins and may be in future we will witness that huge price of bitcoins but to be honest its an insane and unrealistic value to think of as bitcoin can go higher in future but it will never go in millions for sure as its too high to expect from bitcoins.

I agree with you, $1 Million does look like too much to believe. Probably $50,000 to $100,000 max. But I think we will be able to predict that a lot better once the total supply is out there and there are no more bitcoins to mine.
From then onward it will all be about the technology and then it will have more competition with alts. I feel one of the reason bitcoin is winning the competition so far is because it has been being mined yet.

if bitcoin is allowed to scale, anything is possible.

right now, it is choking for air.

A million in a long time maybe, definitely not anytime soon and you'd be delusional if you think Bitcoin will hit $1M within the decade without some sort of massive collapse of the system occurring that pushes everyone away from the traditional forms of money and into something like Bitcoin or whatever alternative forms of currency exist.
Basically the entire thing is a meme and not worth talking about.

This, and/or just think about how Bitcoin is the new type of comodity, never seen in history.. Not backed by physical goods, neighter by political means,..  backed by mathematics..

And it's really scarce in fact..  What is the ratio of BTC/human ?

What could happen to the value if only 1% of every human want to buy 20$ of bitcoin this week ?

This is entering History, like reading a book : we just finished the intro and are at the begining of chapter one !

Well, who would not want Bitcoin to reach that illusory 1 million level? Maybe those who have not yet Bitcoin they would not want Bitcoin to reach that dreamy state. But the question is: Can it really happen? I think it can but maybe you have to wait for 50 years or so. Reaching 3000 for now can already be so good for me.

At this moment bitcoin is not so much powerful that the  price of  bitcoins would rise upto 1 million dollar,well even if it happe it would take more than 60 years to reach that value and we might not be available to see that price.

Yes it can. If USD's value is trash in this world. But right now it is a no.  ;D
The hard part is we are clinging to USD which could end up at the wrong side in a wrong time. We value bitcoin more with currencies equivalent.  What if suddenly it went so deep down that it will have no value.
Would you say bitcoin got no value too?

Most likely not happening in my lifetime. How much does a share at Berkshire Hathaway cost? Or even a stock of Apple or Facebook. Chances are, if bitcoin is going to rise, it will have a ceiling and after that ceiling is reached, the price is just going to stabilize in that range. I am thinking that the price of bitcoin right now is stil at reasonable range, and once all these countries start accepting it, the price is just going to go berserk and might reach $5000 in a couple of years.

$1100 price and people already were bitching around about how expensive Bitcoin is, $1800 price and many of them just stayed silent because they couldn't even spell and type the price for it was too heavy and expensive, I'll be rich less than $5,000,000 if I'm alive by then.
Doubt it if market can handle such prices, even now we can see how other coins are growing in market share. who could've thought some day a few KB of data worth thousands of dollars?

$1,000,000/BTC is just a theory and can not happen, speaking about realistic. most of the people here think Bitcoin will be the sole currency surviving in the future and there will be no governments? only a handful of people really need to use Bitcoin and the majority actually doesn't want and has no use for a decentralized currency.

I believe the existence of BU is very dangerous to the overall image of decentralization because they are clearly destroying the utility of Bitcoin.
I don't want a digital currency if I'm going to pay $2 as fee and still wait 1 hour do any of you?

Exactly, and even though I didn't check I am sure that back in the first days of Bitcointalk similar topics were discussed with titles such "Do you believe that BTC price will ever reach $ 1000?".
No one knows where it will stop and every answer you get is pure speculation.One thing is for sure that Bitcoin will keep growing and getting stronger day by day and if we manage to solve the scaling issue soon, the progress will be faster.

Oh man...free your mind with the charts at Blockchain.info >>> https://blockchain.info/charts (http://)

Right isen. Scaling is the big issue facing btc today. Transactions have to be fast.....turbo fast for public acceptance.

I am changing my mind and am starting to support Segwit.

As an invester, Etherum is also looking good. I feel Etherum will NOT loose value. Therefore, is safe.

C'mon guys............scale the chain.

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

Already there are enough measurements are taken into consideration for switching over to new encryption algorithm for protecting privatekeys of our bitcoin addresses. The same was initiated by our admin Theymos, in next 5 years it will be implemented. It was taken into consideration with the expectation of introduction of quantum computations and protecting Mr.Satoshi's ~1 million bitcoins.

Basically bitcoin ecosystem's security will not be a problem for huge price for BTC. Improved security for bitcoin system and higher prices for bitcoins will be happening side-by-side in future. I'm sure bitcoin will be achieving some huge prices like $10 million, probably in next to 10 to 20 years.

A one million US dollar per one bitcoin is not an exaggeration but rather the future of bitcoin. Possibly twenty to thirty years from now we will experience the price of bitcoin that high. It could only occur if there are at least 50 countries that will adopt bitcoin as a form of payment in exchange for goods and services then that prediction will no longer be a dream but a reality.

Yea. It really all depends on how many people are using the coin. If 1 billion people want to use it and there's only 21 million coins, you can easily see how there's not enough to go around and the price will skyrocket.

And how is the Government supposed to put taxes on BTC??

Agreed, the price move completely depends upon the adoption and acceptance that happen with the people around the world. Same as Japan if more Countries take part into bitcoin as quoted the usage will increase and increase in demand can be seen as the coins to be mined gets halved periodically.

Hang on with the pessimism. The scalability debate, either side, is a short term solution.


https://cointelegraph.com/news/bitcoin-scalability-issue-takes-new-turn-as-rsk-ready-to-release-ginger

With RSK..the moon is in sight.

I doubt it will happen. It is already a bonus if bitcoin reaches 10K. 1M is overreaching. There is so much problem with bitcoin right now, and even if these problems are solved, 1M is just too high of a price for bitcoin.

1m$ is unrealistic prediction as you can see the price right now is struggling to reach the 2000$ price level and the dump is little more freakin out right now since poloniex issue is now occuring but i still have a faith that 2000$ will be reached for this year or maybe it will surpass to that price so before thinking that price would reach to 1 million level then maybe we should stake and let the digits become 5 afterwards.

How does the government tax your business selling baked potatoes shaped like Michelle Pfeiffer for cash on street corners? You tell them. If you don't and they find out then bad things happen to you.

BTC also has the advantage of an easily traceable paper trail if you attempt to cash out in any form.

i can't think bitcoin price will reach a million dollar in value, if that happens, imagine every transaction fee will be so high and we can even move dust amounts, so it only means we need to transfer atleast $1,000 in btc value and pay like the same amount as transaction fee. no no no

Some people dont understand what the effect will be on the price with 21 million coins for 7 billion people.

In the far future when Bitcoin is working in his full potential i believe $1.000.000 will be achieved.
 
https://i.imgur.com/bPveIiYl.png?2

The $1 million prediction seems unrealistic at present but it may happen. $1 million per bitcoin makes total of $21 trillion. Let me put some figures. At present the world GDP is almost $122 trillion. Unorganized sector which account for more than half of the world population is not even calculated in it. Many people in the world have not even access to banks. Bitcoin will give them bank account and let all humanity run their own business on global market for the first time. This is the power of bitcoin. This will make those other half count. Every villager in the amazon or congo can start up a business on some kind of global ebay and have no barriers to getting funds into his hands and spending them. Mankind's output would go exponential. GDP will be measured in Quadrillions or Septillions of dollars. So, yes it can be possible.

Well yeah the Japanese acceptance of the Bitcoin has played a very positive roll on the price of the Bitcoin. The recent increase in the Bitcoin was due to the main reason of the Japanese acceptance. If more countries like Japan legalized the Bitcoin no doubt it will reach a very high price I am not sure about the Price of $1M but it really will rise high.

I agree the price of bitcoin will definitely increase due to country adoption and several companies joining bitcoin economy but 1M BTC is too unrealistic for me.  The reason is that, the market cannot support this kind of price.  Probably 10k USD or 50k USD is realistic but 1M is too much.

In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.

In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.

Do you promise?

Not realistic at all. Do you even know how much money has to flood into the btc market for $1million bitcoin? It's impossible.

I don't know on how much the market cap of bitcoin needs to be by that time. It's like a dream or should I say it's truly a dream and it's going to be hard that it will happen. But I'm not saying that it is impossible to happen because if we will think about the past, people are buying bitcoins while the price is still at one or digit but they did speculated and believed that the price can get up to a thousand.

If many people are supporting bitcoin maybe 1m prediction can be reach in the future,. it will be still depends in the development about bitcoin..
If more country that bitcoin will be legalized the same as japan country maybe we can see a large improvement of the price of bitcoin..
Since we already have a price cheap before and touch at $1k fast last 2013 and now are touch back to $1k value and stay hoping these coming months that we can see the price of bitcoin can be touch at $2k value supporters for bitcoin are increasing day by day so this prediction can be possible..

1m$ per btc will just a legend or just a dream prediction since i believe majority of people can taKe to hold for more longer and I think their are some sort of people would love to see some pump and dump scheme so 1m$ predicted price is pretty unreachable at the moment.

Maybe many decades will pass for it before it will reach to that one but the question is are we still alive at that moment to witness that big breakthrough on it?  ;D.

I'm still leaning towards my $10k towards the end of this year or early next year (after which it will fall) and then sometime around 2020 I expect it to have passed $40k (actually expect it much higher but I'm trying to make reasonable predictions here).

You guys seriously need to look into commodities and fractals. I would recommend reading "The Misbehavior of Markets: A Fractal View of Financial Turbulence" by Mandelbrot. Then, drop any notion of modern finance you know because you can't model risk, the 1987 stock market crash was just under 21 standard deviations away from the norm (https://blogs.cfainstitute.org/investor/2012/08/27/fact-file-sp-500s-sigma-events/) and it affected everything. The stock market is a gamble and the next time a 1987 event occurs, there's two guarantees: we're not going to have the same US president, and people are going to invest in something other than the stock market and traditional financial vehicles for a very long while.

Unlike in 1987, there's nothing today to be optimistic about.

Very realistic.

I think that by the time 1 Bitcoin reaches such a high value, any other FIAT currency will be measured against BTC rather then against the US Dollar.  By then the dollar will no longer hold much value. I think this is the more realistic scenario.

You've been watching too many movies. If Bitcoin at some point forms a serious danger to the economy from the view of the governments, they will take all necessary steps to prevent it from going that far. Do you seriously think that governments will let it come that far? Also -- value is one thing, actual usage throughout the world is completely different. Bitcoin is like gold, but then with more features, and a far better form of usability. If its price goes up madly, then not much will change in terms of fiat currencies. Everything will remain exactly the same.

That will never happent because you must count market volume for that.Like example if you count that 50% of world population is using bitcoin it still cant go to that volume because of market volume so it is impossible.

I actually very much agree with you. My point was, in a roundabout way, that bitcoin reaching $1million dollars is very unlikely within our life time due to the same reasons you stated above.

Absolutely BTC will hit a million $$$ (what we call a dollar today which will be different 5 years from now)... it is a deflationary store of wealth ... when the stock, bond, and real estate bubbles pop in the next year it will be silver, gold, and bitcoin mainly. .. no one will go back to fiat based debt currency and bitcoin is one of the sure thing cryptos ... i expect ETH and VERI (Veritaseum Veritas) to go to a million $$$ as well (unless ETH actually blends with VERI in a few years)

Any reason why you said it?  Any supporting details why bitcoin will reach this amounts in this certain time?  Or this is just a wild guess.  Oh well 10 years is too long to remember what you said here, what more is that 15 years.  Though I believe Bitcoin will break $2000 this year.

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$1M  bitcoin is unrealistic.

Is it a wild guess or what? Any reason why you come up with that thoughts? But, if people will accept and engaged cryptocurrency world, yes maybe it's more realistic that Bitcoin can reach that 1 million. Although, many people knew it already it's a stepping stone for cryptocurrency world and it's not that impossible.

Well yeah the Japanese acceptance of the Bitcoin has played a very positive roll on the price of the Bitcoin. The recent increase in the Bitcoin was due to the main reason of the Japanese acceptance. If more countries like Japan legalized the Bitcoin no doubt it will reach a very high price I am not sure about the Price of $1M but it really will rise high.

Well sometimes people become more excited about the price increase of the Bitcoin and they pass such statements that the prices are going to double or triple. I was personally expecting the price to reach to $3000 till the end of this year as looking at the price increase in the previous two months but by looking at yesterday’s prices it seems not to be going to that place.

It is not realistic that bitcoin will be priced 1 million dollar a piece for the reason that, there is not enough adoption for that.  And there will always be a competition though out the crypto world.  Just do not think adoption but always think the factors that pulls bitcoin price down.

I think $10,000 is more realistic than $100,000. Not even $1million. I know people will argue that some years ago noone imagined that one Bitcoin will as much as ever worth $1000. But today, here we are with the price of Bitcoin almost $2,000 per coin.

However, the idea of $1million per Bitcoin looks unrealistic because many altcoins are springing up on daily basis and are improving on their technology and are giving Bitcoin enough competition.

I would say that it’s pretty realistic. The amount of people that are holding more than one Bitcoin is not that much so it’s pretty straight forward to see that if more people held their Bitcoin then the price of it would go up exponentially. $1,000,000 per Bitcoin is not that much money when only 21 million people are allowed to get a million each.

A miliDatoshi or something fould be added if it were to happen, vut it is not going to happen. Those predictions are just wishes and hopes. We are struggling every time we get close to a milestone which is 1 or 2 thousand $ , so how do you expect to get to 1 million $.

Assuming there is world wide adoption, care to say what is the percentage of these adult in global population?  Among them, who has the capacity to buy bitcoin?  These are the factor that were neglected by the person who predict that $1,000,000 per bitcoin.  Deep inside I wish it to happen but in reality it is only a wishful thinking.

The price is unrealistic, for various reasons and the major factor is the economy collapse when something uncontrollable goes to very big price, surely it will be a threat to the country's economy even if very few are using it.

We are near to $2,000 and this is the reason why the price is increasing. And if the whole world starts to use bitcoin and almost big business tycoons are into bitcoin. For sure there will be a rally of the bitcoin's price because it has only a very limited supply, it is going to give us a very good profit because we are still considered as early adopters.

I remember when people thought we will never reach $1....

The total max supply is 21,000,000 BTC while the Circulating Supply is now 16,340,412 BTC. Now see how many people in the world are using Bitcoins. Not even 50%. Just think if all the people start using bitcoins, due to lack of supply bitcoin will be more than a million dollar. :)

How real? Like it's never going to happen. That kinda price is so unrealistic like the chance it might going to happen is closely to zero imo. i'd rather choose $5k or $10k would be more achievable. $10k is the highest limit that im thinking that could possibly achieve. No more.

I do not understand where and why such forecasts are made. Still you can understand more or less tolerable figures, for what they offer in 1 Million dollar is too much

If the price of Bitcoin ever climb to $1000,000.00, it world rather create even more economic problems than the ones it came to solve. The community would even be the worse for it, because volatility never seen before will become inevitable, sophisticated and coordinated hacking including insiders selling out will become the other of the day. Bitcoin would simple become a problem to manage and if I may ask, how many people would be willing to pay $1 Million for 1 Bitcoin?

So all the talk about that Bitcoin is only an investment, they are a currency, justified from this point of view. If even assume that bitcoins will be in the region of one million dollars, this means that Bitcoin will keep Whose this means but not use them as Real Money.

That's exactly the mistake that most people make, because they don't know how divisible a Bitcoin is. When one Bitcoin reaches $1M, most people won't be able buy a whole Bitcoin, but they will be able to buy thousands of Satoshis. The new buzz words in Bitcoin will be the Satoshi (which is 1/100000000 of a Bitcoin), and the Bit (which is 1/100000 of a Bitcoin, so 1 Bit = 100 Satoshis).

Using current prices, 1 Satoshi = $0.00002, and 1 Bit = $0.002.

When we reach $1M/BTC, 1 Satoshi = $0.01, and 1 Bit = $1.

Absolutely no problems at all!

It's possible, do you think that those pioneer in  bitcoin did ever thought that it is possible to climb up to $2k just like the price of bitcoin now? It is possible and 1 satoshi will be having a big value when it happened. Maybe this will happen if the 21M supply limit of bitcoin is already mined and the whole world is already using bitcoin.

Mining limit will decrease as halving happen again and again. This would be one of the reasons for the bitcoin price bumping but mainly as adoption rate increases in bitcoin by the whales. Then, there is easy possibility to see the price sooner in the chart. When bitcoin has been introduced Satoshi speculates bitcoin will be 10000$ in the year of 2050. If we see present adoption rate we will achieve that in 2025 itself.

That may happen one day, but it is definitely a prediction for the future. All those people making predictions like that are real Bitcoin lovers or just trolls. I don't think that it will ever happen though.

I think 10-50k is pretty doable as a possibility. Ofc network would have to be improved, lightning built out more. Thinking about if it could go as high as say a million or 500k can be a fun exercise, but personally it's more useful to think over 10-50k, as for me this would be than I'd ever need. Try giving some of those profits away as well as things rise fast bitcoiners, generosity will also help you not to lose your head, among other benefits.