The $1 Million Dollar Bitcoin

[StarofBTC]

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.

You got any solid supporting things for our statement of 0.1% possibilities for one million dollar per one bitcoin ? hopefully there will not be anything. Usually all the predictions are made by analyzing the past performances.
Pivot point analysis is a very good example for that, so exponential growth of bitcoin is possible and bitcoin may reach one million dollars too. But when? that usually does not be included with technical analysis  

[Barbut]

One day, that means somewhere in the future. That doesn`t need to happen tomorrow, or for year or two. This is nice goal to pursue, that is all a dream. Maybe we will not be alive when this happens, but at least we had a dream.
I know chances for this to happen in this moment are very low, like most people said maybe this will not ever happen, maybe, too much maybes when we talk about big dreams and future. Thats why I dont think about it too much, live in this moment now.

[arseaboy]

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

[goldcoinminer]

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

[Republic of Coin]

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

It depends if the bitcoin is worth supporting. The transaction speed is too long now. It could be replaced.

[deisik]

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

The price that we are talking could not be possible in the near future but definitely it will happen if we will continue to support bitcoin and we will make it more progressive. I believe that when you want something you work for it, therefore to see that price we should help to promote bitcoin.

It depends if the bitcoin is worth supporting. The transaction speed is too long now. It could be replaced.

Replaced by what, I'm sorry?

I'm not very familiar with other cryptocurrenies and their average times for confirming a transaction, but the confirmation times of Dogecoin transactions are substantially shorter than those of Bitcoin (just in case, this alone makes Dogecoin a perfect vehicle for arbitrage trading). If I'm not mistaken, the official confirmation time for a Dogecoin transaction is slightly over 1 minute. Now compare that with something like 10 minutes on average for Bitcoin. Dogecoin has been around for almost three years already. Did it replace Bitcoin?

[thejaytiesto]

We would basically need 21 trillion dollars within the bitcoin ecosystem, if we get like 1% of gold, stocks, fiat, debt.... we can easily get to 21 trillion marketcap, it's unlikely we will see it soon but we will eventually, it will be quicker than a lot of people anticipate.

[transabox]

We would basically need 21 trillion dollars within the bitcoin ecosystem, if we get like 1% of gold, stocks, fiat, debt.... we can easily get to 21 trillion marketcap, it's unlikely we will see it soon but we will eventually, it will be quicker than a lot of people anticipate.

I do not think it will be quick. Bitcoin system is designed very precisely. She predusmatrivat planned price increase.

[DrGuns4Hands]

lol if this will happen I'm sure our economy comes with a great unbalance flow. Economy should be balance in our world. if this happen i'm sure our resources in the world will disappear. that's why fiat system build to balance the economy for right trading. bitcoin is invented for us to create a new future but with a great balance too. because we can actually trade with someone anonymously. and that's the reason too why I invested in bitcoin

[Achargeturry78]

lol if this will happen I'm sure our economy comes with a great unbalance flow. Economy should be balance in our world. if this happen i'm sure our resources in the world will disappear. that's why fiat system build to balance the economy for right trading. bitcoin is invented for us to create a new future but with a great balance too. because we can actually trade with someone anonymously. and that's the reason too why I invested in bitcoin

that's my thoughts too. if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol.

[wuvdoll]

if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol.

I do not think so. Because when bitcoin price keep on moving to higher price levels people will sell of their bitcoins from time to time with the respect to their profit levels. So, all the 1 million profits will not go to a single person (except few long-term holders).
So, it is highly unlikely to create imbalances.

It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life.

At every price levels, investors will be finding similar to you only when bitcoin prices keep on increasing. So, it will be inevitable to have higher prices. An higher prices may be $1 million dollars per bitcoin also.

life is a cycle where we live and die lol.

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

[freedomgo]

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

It will not be permanent because no such thing as permanent, our trust with bitcoin is what makes it alive until now and it's progressive.

[n0ne]

But, bitcoin is to stay permanent here. Only higher prices will support its survival.

It will not be permanent because no such thing as permanent, our trust with bitcoin is what makes it alive until now and it's progressive.

Nothing is permanent, but based upon the acceptance got from public, things can be changed as its a creation of human minds. Right now trust and real understanding of the digital currencies is the one which makes the digitalized growth of the universe effective.

[Betwrong]

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?

If Bitcoin replaces all the money in the world, then the price of Bitcoin would be around $2,000,000. But this hardly going to happen in the nearest future, I mean in 10 or even in 25 years. The more probable scenario is that Bitcoin replaces only 1% of all the money in the world in 10 years, and thus the price of it will be around $20,000.

[Aamir1]

When there's still hope then I would take that chance.. but for now it's really impossible for this to happen. There will be a huge increase or huge drop either way it will really not able to reach $1M it will take millennium maybe and by that time we are long gone. My dream is reaching $1k for the price of bitcoin and I couldn't wait for that to happen.

It is actually unpredictable, we cannot really predict for it to reach a that big target, as you said we should first have the aims that are closer like $1k or maybe $2k to be achieved in a few years, but directly going to $1M is really a big dream.

[deisik]

if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol.

I do not think so. Because when bitcoin price keep on moving to higher price levels people will sell of their bitcoins from time to time with the respect to their profit levels. So, all the 1 million profits will not go to a single person (except few long-term holders).
So, it is highly unlikely to create imbalances

If your words were true, there wouldn't bubbles with the inevitable collapse that follows when they pop eventually. If the price of Bitcoin keeps on moving higher and higher, people selling their bitcoins are irrelevant because the price is still going up, so the imbalances keep on accumulating and piling up as well. Any bubble is essentially a huge pile of imbalances brought to their extreme levels, and after some time rebalancing the system without causing it to collapse first becomes virtually impossible. This is not to say, though, that every price increase necessarily leads to a bubble...

There may be what is called "organic" growth which comes along without threatening the stability of the system

[clickerz]

that's my thoughts too. if this happen economy will destroy with a great imbalance comes with a great impact regarding in our lives. our cost of living will raise to so I'm satisfied in bitcoin prize right now. It's balance and good for investors to get some income. bitcoin currency is not stable as we thought but it's okay that's life . life is a cycle where we live and die lol.

That for sure  basic comodities will rise, buying soda at $50,000 dollars? LOL Montly Apartment @ $500,000?  I think it will not happen in our life,if it will gonna happen.Maybe in another 1000 years and possible it is not calld bitcoin already...

[Doamader]

Well i doubt it will happen, bitcoin were the first crypto currencie, and the decentralization has allowed it to grow and take control over crypto world, i do believe bitcoin can achieve 2000-5000 dollars on the next 20-40 years, but to bitcoin reach above values all companies and merchants must use and accept bitcoin, otherwise it wont reach such values.

[Republic of Coin]

Well i doubt it will happen, bitcoin were the first crypto currencie, and the decentralization has allowed it to grow and take control over crypto world, i do believe bitcoin can achieve 2000-5000 dollars on the next 20-40 years, but to bitcoin reach above values all companies and merchants must use and accept bitcoin, otherwise it wont reach such values.

The bitcoin has good momentum. So if there is nothing wrong with the development, the  price will keep on rising.

[robelneo]

I don't know if this is possible,if this happen we'll have a lot of rich people here  in our community ,my prediction is the highest it could go is $50,000,provided that adoption is continuous and more market for Bitcoin and of course no problem among miners.