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Author Topic: 1฿=$5m will happen on a normal day  (Read 2043 times)
HCLivess (OP)
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August 07, 2015, 01:30:46 PM
 #1

1BTC=$5m will happen on a normal day and nobody will notice. You will be the richest man in the whole town / city / country and nobody will notice. I wouldn't dare tell anyone if I were you.

LFC_Bitcoin
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August 07, 2015, 01:49:47 PM
 #2

I'm doubtful that 1 bitcoin will be equal to 5 million USD in my lifetime. That is a hell of a lot of money buddy. I'd settle for 1 bitcoin being 5,000 USD to be honest.

What makes you think 5 million USD bitcoin's are realistic within the next 10-20 years. Don't get me wrong, I hope you're right, I'll be cruising on yachts in Monaco, chilling with models, drinking expensive champagne but I doubt it's likely.

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OmegaStarScream
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August 07, 2015, 01:55:34 PM
 #3

1BTC=$5m will happen on a normal day and nobody will notice. You will be the richest man in the whole town / city / country and nobody will notice. I wouldn't dare tell anyone if I were you.

There is no way in hell it could reach that amount of cash , there is just no way not even in 2140 (unless it's the price of a Happy meal on that time)  .
What you are saying make no sense , be realistic man we are struggling to go mainstream and after 6 years from the creation of Bitcoin the price is like ~280 $ so halving block or not , mainstream or not , the 5 million USD won't happen and I don't think someone would agree with you in this at least not without you giving arguments .

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spazzdla
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August 07, 2015, 02:05:13 PM
 #4

I'm doubtful that 1 bitcoin will be equal to 5 million USD in my lifetime. That is a hell of a lot of money buddy. I'd settle for 1 bitcoin being 5,000 USD to be honest.

What makes you think 5 million USD bitcoin's are realistic within the next 10-20 years. Don't get me wrong, I hope you're right, I'll be cruising on yachts in Monaco, chilling with models, drinking expensive champagne but I doubt it's likely.

This guy gets it.

It WILL be 5 million I agree 100% but I will be dead.
Amph
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August 07, 2015, 02:16:31 PM
Last edit: August 07, 2015, 02:58:40 PM by Amph
 #5

we are struggling to even touch 300 and, you're daydreaming about 5M, it's better to not go too overboard with the excitement, bitcoin will probably need decades for that amount, if it can ever achieve it...
agath
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August 07, 2015, 02:21:05 PM
 #6

we are struggling to even touch 300 and, you're daydreaming about 5M, it's better to not too overboard with the excitement, bitcoin will probably need decades for that amount, if it can ever achieve it...

Because only small fishes are fiddling with bitcoins. When real big whales get in, and they will, every HODLer will become dizzy.
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August 07, 2015, 02:22:44 PM
 #7

I'll be cruising on yachts in Monaco, chilling with models, drinking expensive champagne but I doubt it's likely.

Unless of course U.S. dollar inflation is the reason that 1BTC=$5m.

In that case, $5m may not buy more than a nice dinner at a fancy restaurant.
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August 07, 2015, 02:28:31 PM
 #8

For the sake of bitcoin I really hope it doesn't. I mean with a currency like that high price will be too powerful to exist in the world economy.

LiteCoinGuy
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August 07, 2015, 02:46:09 PM
 #9

sry pal, that wont happen. especially not overnight or in one day  Wink -

and EVEN if this would happen within some days/weeks - you would sell when we reach 3000 USD  Cheesy


but it could be worth hunderts of thousands of USD in 20 years maybe.


(or zero  Wink )


you can play with that:

https://www.youtube.com/watch?v=g2nXgK34HIM

AtheistAKASaneBrain
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August 07, 2015, 02:46:26 PM
 #10

I'm doubtful that 1 bitcoin will be equal to 5 million USD in my lifetime. That is a hell of a lot of money buddy. I'd settle for 1 bitcoin being 5,000 USD to be honest.

What makes you think 5 million USD bitcoin's are realistic within the next 10-20 years. Don't get me wrong, I hope you're right, I'll be cruising on yachts in Monaco, chilling with models, drinking expensive champagne but I doubt it's likely.

5,000 USD is absolute peanuts if we are heading towards being a global decentralized ledger. Math says that demand on such scale must make BTC at least 5 figures, if not 6. Not sure about 5MM but you never know. If you have a double figures BTC wallet I wouldn't comment it to anyone, you don't want to tell people, maybe in 10 years you become a target of chiefs and envious people that didn't invest.
Pk880058
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August 07, 2015, 03:22:58 PM
 #11

This is very far from today.
Maybe when this happens we will be long dead and watching our children do the fun with our investment.
freeyourmind
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August 07, 2015, 03:46:04 PM
 #12

1BTC=$5m will happen on a normal day and nobody will notice. You will be the richest man in the whole town / city / country and nobody will notice. I wouldn't dare tell anyone if I were you.

There is no way in hell it could reach that amount of cash , there is just no way not even in 2140 (unless it's the price of a Happy meal on that time)  .
What you are saying make no sense , be realistic man we are struggling to go mainstream and after 6 years from the creation of Bitcoin the price is like ~280 $ so halving block or not , mainstream or not , the 5 million USD won't happen and I don't think someone would agree with you in this at least not without you giving arguments .

I was going to say...perhaps that will be the case if the USD goes into hyperinflation and a pair of shoes costs $5 million.

Until the volume of transactions is exponentially higher, I don't see the price being pushed up very high.

Anyways, making a speculative guess without any rationale FTL.
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August 07, 2015, 04:00:35 PM
 #13

1BTC=$5m will happen on a normal day and nobody will notice. You will be the richest man in the whole town / city / country and nobody will notice. I wouldn't dare tell anyone if I were you.

Man,...I do feel bored about bitcoin value getting stuck around $300 and hope bitcoin going reach the unexpected value


This is very far from today.
Maybe when this happens we will be long dead and watching our children do the fun with our investment.

I just remember BTC 10.000 pizza...
nydiacaskey01
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August 07, 2015, 04:04:42 PM
 #14

I don't think that will happen, not even 10% of $5 million USD or even 1% of $5 million USD.
But that will be great if that happens. BTC is even having a hard time to reach or stay at the $300 USD level.
And my question is why will it even reach that amount $5 million USD per 1 BTC?
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August 07, 2015, 04:04:49 PM
 #15

1BTC=$5m will happen on a normal day and nobody will notice.

Okay.

I don't suppose you can make it happen tomorrow could you? Only, I've got my rent coming up.

In a more likely scenario, you'll be a multi-millionaire for about 2 minutes and yourself not have noticed, and by which time you do, the price will be lower than it is now.

Always look on the bright side, that's what I say. Smiley

I hope you're right, I'll be cruising on yachts in Monaco, chilling with models

You won't be 'chilling' with models... we all know very well what you will be doing with those models though. Wink
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August 07, 2015, 04:06:55 PM
 #16

I'll be cruising on yachts in Monaco, chilling with models, drinking expensive champagne but I doubt it's likely.

Unless of course U.S. dollar inflation is the reason that 1BTC=$5m.

In that case, $5m may not buy more than a nice dinner at a fancy restaurant.

sry pal, that wont happen. especially not overnight or in one day  Wink -

and EVEN if this would happen within some days/weeks - you would sell when we reach 3000 USD  Cheesy


but it could be worth hunderts of thousands of USD in 20 years maybe.


(or zero  Wink )


you can play with that:

https://www.youtube.com/watch?v=g2nXgK34HIM

^^These two guy get the reality. Everyone else is speculating.

LiteCoinGuy
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August 07, 2015, 04:09:45 PM
 #17

Lets not be silly we'll be lucky if we reach 500 dollars again
You're the one being silly if you really believe we will need luck to reach 500$ again, I have no doubt we will see 500$ before the end of 2016.

end of 2015  Wink


but you can see that alot people (even they are registered here) dont have an idea of bitcoins possibilities.

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August 07, 2015, 04:27:07 PM
 #18

The big 1K pump happened out of nowhere and it took barely a day to get at the top, so yes it's very possible that the next bubbles catches everyone by surprise once again, so keep your eyes open and keep your coins held.
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August 07, 2015, 04:35:53 PM
 #19

We are waiting for bitcoin to cross $400 and i don't think that bitcoin can reach 5 million well its a dream that can't be fulfilled.
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August 07, 2015, 04:48:37 PM
 #20

The big 1K pump happened out of nowhere and it took barely a day to get at the top, so yes it's very possible that the next bubbles catches everyone by surprise once again, so keep your eyes open and keep your coins held.
This pump were created by number of factors: first there were MtGox bot running at that time which were constantly buying and selling bitcoins.
Secondary, chinese market was blooming as restrictions of chinese government at that time were removed. And every chinese bitcoin miner were happy about this.
This occurrences caused exceptionally high bitcoin price and I doubt there will be more events like that in the future.
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