The $1 Million Dollar Bitcoin

[Ceizer54]

I can't expect 1 bitcoin to worth 1 Million Dollor...Even if the difficulty will sky rocket and even if we get 1 bitcoin per block then also seriously i can't think it to reach that price..let's be serious guys and accept the fact...whenever bitcoin price try to rise people become panic and think now it will fall and just staring selling then how can the price rise ultimately..i would say maxiumum i can expect is 5000$ per bitcoin and not that too any time soon..

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[gentlemand]

Idk if Facebook is the right apology your going for... Maybe in terms of quantity of users, but I don't think we'll ever see as much of a diverse crowd of people using Bitcoin like on Facebook...

There are rather more people who require money than Facebook to function.

[chennan]

I can't expect 1 bitcoin to worth 1 Million Dollor...Even if the difficulty will sky rocket and even if we get 1 bitcoin per block then also seriously i can't think it to reach that price..let's be serious guys and accept the fact...whenever bitcoin price try to rise people become panic and think now it will fall and just staring selling then how can the price rise ultimately..i would say maxiumum i can expect is 5000$ per bitcoin and not that too any time soon..

I think you might have a point that people sell out way too quickly, when they reach a $10 profit now.  They are doing this because the market is tending to fluctuate around the $220-$240 range most of the time, and they want to capitalize on these fluctuations... but maybe bitcoin has actually hit a steady price range? I doubt this is the case, but it would be beneficial for companies and corporations to see that bitcoin is finally hitting a relatively stable price point; which might lead them to wanting to accept bitcoin... I think that they don't want to deal with bitcoin in the first place is because of the fact of the volatility of the price.

[gentlemand]

whenever bitcoin price try to rise people become panic and think now it will fall and just staring selling then how can the price rise ultimately..i would say maxiumum i can expect is 5000$ per bitcoin and not that too any time soon..

You can only sell once.

If BTC reaches the headiest levels that's likely to mean there's no longer any need to sell it. You'll be able to exchange it for the things you need or keep it as it deflates.

It also means there would be hundreds of millions of users. Right now it's nowhere and for most it's a play thing to gather more dollars. It wouldn't be the case any longer in that scenario.

Deploy some vision.

[Alexmmm]

I think that this is possible, but only artificially. BTC

[Denker]

$1Million is very unlikely.Lower than 1% the chance this is going to happen. I would be happy if Bitcoin could reach 5 digits in the next 10-20 years.

[jaysabi]

In my signature there is a detailed analysis

Even all the existing person have already fully invested in bitcoin, there are still 370,000 babies born every day. Suppose that each day same amount of person start to invest in bitcoin after they get their first job, then they are competing for those 5000 coins supply per day, they would averagely get 0.0135 coin per person per life time

Suppose that each person need $1,350,000 for a comfortable retirement, and they put all those savings into bitcoin and get 0.0135 coin, e.g. 1,350,000 satoshi, this means 1 Satoshi = 1 USD,  1 BTC will worth 100 million dollars, this might be the highest possible value bitcoin can achieve

Why bitcoin will appreciate forever? Bitcoin stopped appreciating in 2013. That fact kinda undermines the credibility of any analysis that promises bitcoin will appreciate forever.

[gentlemand]

Why bitcoin will appreciate forever? Bitcoin stopped appreciating in 2013. That fact kinda undermines the credibility of any analysis that promises bitcoin will appreciate forever.

That assumes significant and lasting adoption takes place.

If it takes a couple of decades, by that point most of the coins will be mined and transactions will continue to grow. If that is the case then the value goes up.

The 2013 appreciation was a hyped, partially crooked, bubble. It had little or nothing do with adoption or demand.

[chennan]

Why bitcoin will appreciate forever? Bitcoin stopped appreciating in 2013. That fact kinda undermines the credibility of any analysis that promises bitcoin will appreciate forever.

That assumes significant and lasting adoption takes place.

If it takes a couple of decades, by that point most of the coins will be mined and transactions will continue to grow. If that is the case then the value goes up.

The 2013 appreciation was a hyped, partially crooked, bubble. It had little or nothing do with adoption or demand.

Yep, it had little to do with the fact that more and more people were using it within a short period of time... it was just an elaborate scheme by Mt. Gox to pump the coins value by creating a hype in the market. Just when it got the right amount for them, they immediately pulled out...

In a way that company made bitcoin go from a digital currency, to an elaborate way to create a ponzi system that worked in their favor.

[BTChaintrader]

Bitcoin will never hit $1 million dollars unless there is a hyperinflation. The more people adopt bitcoin the more stable price bitcoin will have.

[Gyfts]

The odds of it happening are extremely slim because for this to happen, something like USD or GBP would have to crash almost completely. The stock market would have to turn to garbage, not just crash like it did in 08, but be basically worthless. As of now, it won't be happening in the near future. But, that won't mean BTC can't make it to 1000+ like it did a year ago.

[Djisamsoe]

i dont think so,bitcoin more popular,and many bitcoin minted,andthe price will going down. its what i thought

[pitham1]

I would say the answer to that is the probability is extremely small.
But should we really be so fixated about the price?

[Hugroll]

so what you are saying is that btc would take about being ~50% of the worlds currency before it becomes 1 trillion each.
thats actually not that bad i think btc has the potential to become that big

[jaysabi]

Why bitcoin will appreciate forever? Bitcoin stopped appreciating in 2013. That fact kinda undermines the credibility of any analysis that promises bitcoin will appreciate forever.

That assumes significant and lasting adoption takes place.

If it takes a couple of decades, by that point most of the coins will be mined and transactions will continue to grow. If that is the case then the value goes up.

The 2013 appreciation was a hyped, partially crooked, bubble. It had little or nothing do with adoption or demand.

If Bitcoin becomes ubiquitous, people won't make money on bitcoin by holding it because it will only retain value, not create value. If you have 1 bitcoin and it rises in price relative to USD over time, that's not making money, it's just retaining the value over time./ Your bitcoin will buy the same amount as it did before, the only thing that has changed is that the dollar is worth less. This seems to be a fundamental thing people don't understand. And a currency that appreciates in value is destructive to the currency anyway because it lures spectators and creates a bubble, as happened in 2013. It would be far better for Bitcoin adoption if the price stayed in the same 5-10 dollar range. Anyone who thinks they're going to get rich holding bitcoin deserves to eat all the opportunity costs of not investing in a real income-generating business.

[Operand]

$1mil is highly unlikely, in fact almost impossible but nonetheless I am very hopeful of $1,000 at least within the next few years

[Snorek]

For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

I don't think that situation will take place during our lifetime. I have a feeling that bitcoin won't ever reach this state.
Bitcoin will be either: redundant and forgotten in the future or price will be standardized but not to the point of 1BTC=$1 milion.

[gon]

For 1 Bitcoin to be worth $1,000,000, the total market cap of Bitcoin would have to be $21 trillion dollars. What are the odds of this happening?

For reference, the amount of physical $dollars and coins in circulation are around $1.2 trillion. The global M2 money supply of all currencies are around $45 trillion. The market cap of all mined gold is around $7 trillion.

Will 1 Bitcoin be worth a million dollars? Half a million? Thoughts?

it could happen in our dreams but in reality thats unlikely to happen even with a limited supply
i think we could only reach $1000- 2000 per bitcoin imo

[Q7]

I imagine if 1 million dollar bitcoin were to become a reality, it must also mean that fiat is currently in deep trouble where a full-scale global economic collapse is happening. Which also means inflation has gone up insanely high and uncontrollable. I'm sorry I'm taking about reality which means at least it must have all that for 1 bitcoin to worth that much.

[isvicre]

I would not even hold my breath about this.
Probably it will never see that kind of high prices. It may only hit like $5000s and even it does it would be counted as miracle.