The $1 Million Dollar Bitcoin

[jubalix]

The shear amount of money out there is staggering.

So i see a $1M btc as quite doable.


for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.

Then there are the financial markets etc that dwarf all of that.

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[maincoin]

Don't see this happening any time soon. If you've been keeping up with bitcoin for a while you'll see that they got their highs and lows. Yes, I do believe bitcoin is a good investment, but for the value to go up to 1 million, it will take years and years. I'll probably be dead by then.

[winguard]

According to Gil Luria, Managing Director at the Los Angeles, Ca.-based investment bank Wedbush Securities, the first investment bank in the U.S. to accept Bitcoin as payment for fees. If Bitcoin lives up to its potential and becomes the working capital of international trade, instead of countries and companies sitting on yen, U.S. dollars, Swiss francs, they could just use Bitcoin for cross-border transactions. It would be far more efficient. If that were to happen, Bitcoin would be taking $10 trillion of foreign currency that sits in multinational companies. If that were the case, each Bitcoin could be worth $1 million. The probability of that happening would be very low but it is possible.

[chennan]

It seems that people have forgotten that bitcoin still has flaws that need to be worked on under the hood... all of this price increase is due to hype and the "fear of missing out" effect. It might reach past $1-2K, but at that point, people will be questioning why they are buying bitcoins for this much and not getting a quality product at the end of it.  So no, I don't think that bitcoin will go up to $1 million, unless there are changes to the code.

[Republic of Coin]

$1m/bitcoin will not happen any time soon. Maybe in 20 years time. At that time, bitcoin is in 20% of world population's pocket. You can use it to pay anything.

[AtheistAKASaneBrain]

You are talking about official figures. This is like trusting that the Forbes guys are the richest guys on earth. Im pretty sure they are not. There must be families out there that have hundreds of trillions, Rothchilds, Rockefellers... in classic paintings, statues, jewelry, tons of money out there that goes unnoticed. Also the USA debt is 20 trillion. It can happen, but I see 100K per Bitcoin as a fact already, we are just slowly walking towards it.

[zimmah]

The shear amount of money out there is staggering.

So i see a $1M btc as quite doable.


for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.

Then there are the financial markets etc that dwarf all of that.

Exactly, and how big is Bitcoin now? 4 billion or so?

It's dust compared to the dollar economy

[leex1528]

The shear amount of money out there is staggering.

So i see a $1M btc as quite doable.


for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.

Then there are the financial markets etc that dwarf all of that.

Exactly, and how big is Bitcoin now? 4 billion or so?

It's dust compared to the dollar economy

I don't see Bitcoin ever reaching 1 million in our lifetime.  That is an absurd amount of value for 1 coins to have.  I would absolutely love it if it happened don't get me wrong, I just think we have to be somewhat realistic about the value of the coins.

[pereira4]

It seems that people have forgotten that bitcoin still has flaws that need to be worked on under the hood... all of this price increase is due to hype and the "fear of missing out" effect. It might reach past $1-2K, but at that point, people will be questioning why they are buying bitcoins for this much and not getting a quality product at the end of it.  So no, I don't think that bitcoin will go up to $1 million, unless there are changes to the code.

Wait, what do you mean by "quality product"? Because being able to store your wealth outside of the system and reach of governments and being able to trespass any goverment capital controls and anyone that wanted to play with your money without your consent, with a lot of expansible features when sidechains arrive.. it's a pretty fucking good product you are getting if you ask me.

[Amph]

The shear amount of money out there is staggering.

So i see a $1M btc as quite doable.


for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.

Then there are the financial markets etc that dwarf all of that.

Exactly, and how big is Bitcoin now? 4 billion or so?

It's dust compared to the dollar economy

I don't see Bitcoin ever reaching 1 million in our lifetime.  That is an absurd amount of value for 1 coins to have.  I would absolutely love it if it happened don't get me wrong, I just think we have to be somewhat realistic about the value of the coins.

what i know is that in case there is even a tiny possibility for this, i'm leaving in hold mode forever at least one bitcoin, that will not be used for anything else, i will treat as if i had lost it

[extrobot]

$1m/bitcoin will not happen any time soon. Maybe in 20 years time. At that time, bitcoin is in 20% of world population's pocket. You can use it to pay anything.

I think it will stabilize by then.

[zimmah]

The shear amount of money out there is staggering.

So i see a $1M btc as quite doable.


for instance Most people don't realize that the worlds biggest company is 20x Apple, that's right around the 10T mark give a take a few T.

Then there are the financial markets etc that dwarf all of that.

Exactly, and how big is Bitcoin now? 4 billion or so?

It's dust compared to the dollar economy

I don't see Bitcoin ever reaching 1 million in our lifetime.  That is an absurd amount of value for 1 coins to have.  I would absolutely love it if it happened don't get me wrong, I just think we have to be somewhat realistic about the value of the coins.

Let me repeat what I have said so many times

There's only ever going to be 21 million bitcoins.

This means that only 21000 people can hold 1000 bitcoins.

A single Bitcoin is very valuable and very few people will be able to afford a whole Bitcoin.

Maybe you should start thinking about Bitcoin in terms of millibitcoin or Microbitcoin.    

We are just lucky to be early adopters and have the chance to own full bitcoins, some of us even have hundreds or thousands of them, we can be considered the billionaires and millionaires of the Bitcoin economy.      

No one will ever hold a million bitcoins and no individual will likely even get 10000 Bitcoin (except maybe satoshi himself).

Please understand how tiny an amount 21 million really is on a global scale.

We will see $1,000,000 Bitcoin more likely than not, not in 100 years, not in 50 years but in 5 years, maybe 10 max.

Call me crazy all you want, but that's how I see it. Within 5 years 100,000 is the least you can expect.

It's about time people start to realize how lucky we are to even own a Bitcoin. Wait until the masses wake up, trying to buy Bitcoin, just to find out there's no sellers left to sell full bitcoins anymore. Watch them figh over the scraps we have left them for ridicilous prices.

It won't be 1 Bitcoin for $1,000,000 it will be 500 microbitcoin for $750

[Republic of Coin]

If all the US national debt is nominated with bitcoin, ie, people use all the bitcoin to buy US debt, the price of each bticoin will be over $1m.

We have 14.5 million bitcoin and 18 T US debt.

[zimmah]

If all the US national debt is nominated with bitcoin, ie, people use all the bitcoin to buy US debt, the price of each bticoin will be over $1m.

We have 14.5 million bitcoin and 18 T US debt.

The U.S. isnt even the only country with debt either.

And if we're just going to pay of our "debts" that would leave the current elite with all our Bitcoin, something we absolutely do not want. (Because the debts we "owe" them are a product of a scam, and those guys are truly evil and they should not be given power).

But you post makes it clear what I also said above, Bitcoin can and will reach millions of dollars sooner or later, it's mathematically inevitable.

[sartech]

https://www.youtube.com/watch?v=pID03RrmKow

[cellard]

If a lot of whales decide to put some of their wealth on Bitcoin and everyday people follow and learn it's benefits we could go to 20 trillion marketcap in a decade. Of course, take into account that the total supply is far from being 21 million at this point, so we would need less than 21 trillion to see 1 million per coin, actually way less because this isn't 2+2=4.

[TheDR]

I read about bitcoin in 2010. Thinking about the rules of distribution written in code I saw one million dollar bitcoin back then. I could not be sure this small niche would catch wind back then but today I am sincerely confident I will see a million dollar bitcoin if I live to an old age. Remember that it really does not mean 21 trillion market cap if you factor lost coins into it.(which is large amount)

My guesstimate is that the next huge bull run will mostly happen second half 2017. $10000+ at that time might be met. There will be years of pullback until new orders of magnitude are hit in about 4 year cycles. A few catalysts are possible that could mean even more bullishness. Potential pitfalls exist of course too. As an example of a catalyst say there was a new extreme financial crises that alone draws money into btc but in the middle of chaos a central bank decides to hold bitcoin as reserve and some others follow! $1,000,000? nope try much more...

Debt backed by deficit fiat currency is impossible to float forever in current form. You walk a line in between debt deflationary spiral  and out of control inflation . When a politician says we need to pay off our debt I chuckle at the impossibility baring negative rates or something.

There is no limit to the dollar cost of bitcoin. NONE in the long run.

[Betwrong]

I read about bitcoin in 2010. Thinking about the rules of distribution written in code I saw one million dollar bitcoin back then. I could not be sure this small niche would catch wind back then but today I am sincerely confident I will see a million dollar bitcoin if I live to an old age. Remember that it really does not mean 21 trillion market cap if you factor lost coins into it.(which is large amount)

My guesstimate is that the next huge bull run will mostly happen second half 2017. $10000+ at that time might be met. There will be years of pullback until new orders of magnitude are hit in about 4 year cycles. A few catalysts are possible that could mean even more bullishness. Potential pitfalls exist of course too. As an example of a catalyst say there was a new extreme financial crises that alone draws money into btc but in the middle of chaos a central bank decides to hold bitcoin as reserve and some others follow! $1,000,000? nope try much more...

Debt backed by deficit fiat currency is impossible to float forever in current form. You walk a line in between debt deflationary spiral  and out of control inflation . When a politician says we need to pay off our debt I chuckle at the impossibility baring negative rates or something.

There is no limit to the dollar cost of bitcoin. NONE in the long run.

I like your way of thinking and your predictions. All of this might happen in the future. Why not? That's why we are trying to earn more Bitocins and we are not going to sell them with the current price because the price is too low, Bitcoin is very underestimated today.

[hawkins]

I do not know, I guess that will not happen any time soon, even for a price approaching $ 10,000 only occurs only 1x in 6 years 

[eon89]

I do not know, I guess that will not happen any time soon, even for a price approaching $ 10,000 only occurs only 1x in 6 years 

That would be a solution for an economy. Seeing as how bitcoins are limited and many are lost everyday.