The $1 Million Dollar Bitcoin

[zimmah]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

[blackmachinegun]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world

[goldcoinminer]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world

That will not happen in the future, maybe bitcoin will die first before seeing that price, that is too ambitious yet unrealistic. If we really want to see a god price we should just help the community by promoting bitcoin and let the future be it as long as the price will increase and we make profit.

[Adrorecia]

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 never think that the Bitcoin is ever going to reach $1 million because most people would have sold there Bitcoin along time before the price is able to reach that.
If it is going to happen then I would be happy that I was wrong but I will not get my hopes up for it.

[Newcoins2020]

I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.

[Fatanut]

I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.

You're right, the majority of people would be dumping their coins long before we reach 1 million dollars. People would even sell their coins when we reach 1000$. But just because people in the Bitcoin world has dumped their coins, doesn't mean that the price can't be higher than what you expect.

To be honest, there are whales out there that are just patiently waiting and even if Bitcoin gets a major pump, they will just watch people dump their coins and those whales are waiting for "the right time" for them.

Back to the topic, the one million dollar Bitcoin is quite possible because reaching this price would mean a lot of rich people are migrating their money into Bitcoins. I remember stories of old tales wherein instead of keeping their money in fiat, they keep their money in terms of gold. Maybe because it's an investment for them and it is easy to sell. Applying the same thing to the modern people, rich people would keep their money in terms of Bitcoin instead of fiat.

[mark coins]

I do not think that the one million dollar Bitcoin is ever going to happen because people would sell there Bitcoin long before the Bitcoin has even reached that.
Then the price would go back down again so it would not happen.

Yeah bitcoin will never reach to that value directly and before that it will go through different phases of ATH and at that point every time people will prefer to sell their coins which will make price crash down.

[Liad.Services]

I dont think bitcoin will ever be worth more then 2K United States $ each.
Most of the bitcoin holders will instantly sell their bitcoins if it goes for more then 1K US$.
I dont think the increase in demand can hold the bitcoin on such amounts.

But its bitcoin,everything may happen so we can just keep beiliving

[bitcoinhopper]

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 never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.

[clickerz]

I never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.

It sounds like a crazy prediction that a bitcoin value will reach a million But, why not? If the bitcoin will reach a million, will the rent,food,gas price will be the same as of now or will increased also? What if rent costs 1,500,000 dollars per month? Foods on 200,000 dollars per meal?

[upsidedown75]

I never think that the Bitcoin is never going to reach one million because to me it seems just impossible. we have not even reached the thousands.
Yet people keep talking about these high number while having no prove of it even maybe happening.

It sounds like a crazy prediction that a bitcoin value will reach a million But, why not? If the bitcoin will reach a million, will the rent,food,gas price will be the same as of now or will increased also? What if rent costs 1,500,000 dollars per month? Foods on 200,000 dollars per meal?

You may be wrong as you are predicting bitcoin price to hit $ 1 million price levels after a long period.
But, as per my analysis I like to speculate bitcoin will be testing one million level within next 5 to 10 years itself. Are there any possibility for food to be priced 200,000 dollars per meal in meantime.

[SaShiRaJaVu]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

how on earth will a hardfork will change the price of bitcoin to that level,the current team is not doing anything great in my opinion,the price wont reach anywhere near $4k let alone a dream value.

[TastyChillySauce00]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

Lol I think bitcoin will not have that potential, think of the impact if the price of bitcoin reach $ 1 million, imagine what would happen
to a fiat currency? I thought it would never happen, but I think that bitcoin has the potential to speak a lot in the world

that's right if $1 million is just too good to be true or i say it's just a dream,for a currency having that much value is just too much,even dollar that's dollar or euro that backed up by 1st tier countries never get that much value and even gold that's such a rare thing in this world never touch that high value

[ivan.daineko23]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

how on earth will a hardfork will change the price of bitcoin to that level,the current team is not doing anything great in my opinion,the price wont reach anywhere near $4k let alone a dream value.

Yes, it's something out of science fiction. I certainly believe in the future of the cue ball, but that it would cost so much, I will not believe.

[MaritiJames3]

I do not believe in the million dollar Bitcoin because something like that just seems impossible to happen because for that to happen everyone must spend there Bitcoin if I am correct.
Everybody is holding on to there Bitcoin so that is going to mean that the price will stay stable.

[bitebits]

[...] reaching this price would mean a lot of rich people are migrating their money into Bitcoins.

It is a matter of perspective. Not being considered rich in terms of fiat, a bitcoin would easily be $1mm if all current users would save as I do.

The question is why don't you?

[springgers]

bitcoin has the potential to reach $1 million but not in the current state.

and not with the current design philosophy of the current dev team in the lead.

we will need a hardfork to get anywhere near that.

how on earth will a hardfork will change the price of bitcoin to that level,the current team is not doing anything great in my opinion,the price wont reach anywhere near $4k let alone a dream value.

So do you think the Bitcoin don't grow because of the team?
I don't think so, Bitcoin have a bad fame, a lot of scams and schemes, bad news(bad writing), and it don't bring more people, bitcoin just need more people, from both sides, costumers and products/services.

[Bitcoinbro]

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 do not think that the one million dollar Bitcoin exist or is going to happen because to me it seems impossible and I do not want o get my hopes up for this.
I would have sold all my Bitcoin before the price was even close to a million.

[machinek20]

I really like it can happened , if bitcoin reach that amount there will be a lot of millionaire from bitcoin, but i doubt it will be happened, for reaching pass 1000$ it takes years, and for reaching the point of half million it is going to take maybe almost all of the world to used bitcoin actively

[aranachristianjay]

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 do not think that the one million Dollar Bitcoin is going to ever happen because the chance seems small that it will happen and so many people will be millionaires.
That is just not going to happen.

The price of Bitcoin is increasing with the growth of its popularity. Therefore, no one can say exactly what will happen to Bitcoin tomorrow or in a year

You are right with it even though we don't have certain result for the price of bitcoin. Even many are saying that this is impossible to happen.

But still there is a very 0.1 % chance of making this possible and happen. And if this is going to happen in the future, then all of us will be USD millionaires.

And this is going to be one of the best day of my life.