The $1 Million Dollar Bitcoin

[chesatochi]

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.

I would like to see that happen and the price reach that level, but I don't think so. If that happen, the board name will change for bitcointalk for bitcoinblinkblink

My estimate is better to see one day at the time and have fun using it and accumulate this good asset.

[Xester]

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.

It is possible that it could reach the highest price at around 1 million dollars per bitcoin. Its not coming from me but from a famous Chinese miner who announced the possibility of bitcoin reaching that high price is very possible. The problem to be asked is when, we dont know yet, I am waiting for that moment thats why Im saving some of my bitcoins on my wallet hoping that day will come.

[Mastsetad]

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.

Even if the price reaches to what you are predicting it would still be a great success for bitcoin i guess, we can see how stable the price becomes at times, no matter how it is being used, if there isn't any enormous adoption the price does not move too much, so maybe some great adoptions would make the price skyrocket sometime in future.

[Wandering Soul~]

I don't see it happening in our time but the possibility might increase after a thousand of years when people no longer use paper money but uses cryptocurrencies instead and of course when bitcoin had a massive usage/adoption .

[BitcoinPanther]

At first glance I think it is impossible for bitcoin to reach 1 million Dollar but, learning the units of bitcoin, and the span of mining, somehow something is trying to convince me that it is possible.  That is if the price of 100 satoshi equals 1 USD. Im talking about global adoption here and the ratio of bitcoin to every citizen of the world. And obviously I am not talking about 10 years from now.

[mastica]

What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.

[Republic of Coin]

What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.

If people do not trust the US dollar and the US government has to borrow bitcoin to fund the running of the states, the bitcoin price will be higher than $1 million.

[Xester]

What does bitcoin have to be worthing 1 million dollars? Lets be realistic people, after all coins be mined, we will work based on the demand and supply, knowing the price cant fail under lets suppose 5000 dolllars for 1 bitcoin, because the fees to the miners. I do believe bitcoin may achieve maybe 10000 dollars at all its life, above ammounts would required bitcoin instant transactions and be legalized.

If people do not trust the US dollar and the US government has to borrow bitcoin to fund the running of the states, the bitcoin price will be higher than $1 million.

Even without the government action, bitcoin can still achieve the targeted 1 million dollar bitcoin price. A big-time Chinese miner even said in one interview that it is possible for bitcoin to hit the 1 million dollar per bitcoin.

With bitcoin accepted on schools and the increasing number of users that huge price will be reached 5 years from now.

That is my dream and I want that to happen.

[Douglazzz]

It's unbelievable, but it may happen if someone has, then he play a ga!bling, 1 bitcoin may be increased at $1,000,000 if he/she are lucky. 

[calkob]

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 dont see that a 21 trillion market cap is all that hard to achive in this day and age.  it could easily happen in the next 30 years.

[Mastsetad]

It's unbelievable, but it may happen if someone has, then he play a ga!bling, 1 bitcoin may be increased at $1,000,000 if he/she are lucky. 

That is not the question that if is it possible to earn that much with just 1 bitcoin, but the question is whether bitcoin can reach that price, and i guess that is not going to happen so soon, it may happen if bitcoin survives for next 50 or more years and i don't know any of us will make it till then to see this thing happen.

[Fatov]

I think about 1M every 21 btc, so... 47.619 $ (50k$)

[PokemonFun]

No i dont think that it will even happent look this price 1 million dollar or half million dollar is too big i think that then everybody who own bitcoin now will be rich and buy some hotel for sure profit.Bitcoins is denied with countries law so that i s another reason for that.

[Pierre 2]

Even with really great development, legalizing process and community support,
1 million dollar for a coin is tooo much. I believe it can even see like 20000-25000 or even $50000. But 1m? I am clearly sure i wont be alive even if it happens.

[Thorin]

It is clearly impossible, even hit 10000$ is really difficult. With an explosion of development, the bitcoin could grow fastly but not enough to reach this barrière. And it would take lots of time ! Anyway, 10000$ is already really good and it is a good goal but 1million per bitcoin is out of range

[d@nte]

Market capitalization is an interesting parameter to be analyzed, especially when comparing the current market capitalization of Bitcoin with Fiat currencies. It may be noted that Bitcoin is probably still very undervalued, it is only a matter of time before the currency gains traction in the market, but first a greater user base is needed.

[angaper]

it could happen maybe, in the very unlikely scenario that all major fiat currency will collapse and everyone is forcing to adopt bitcoin in some way

only the massive usage of bitcoin, on a planetary scale can lead to an impressive value like that

But even in this case of global collapse, we need to keep in mind that there will be lots of alternative coins that also could offer an important option to find a safe haven in the face of economic instability.

That is why I think in any case, even in the worst economic scenarios, the price of the bitcoin could achieve the expected one million dollars. Even $10,000 looks unlikely.

[rajasumi2]

yahh it will happen in the near future ,that  near future may be after 80 years .with the years to come bitcoin would too much popular  and it is prediction is high that its price would  go upto  1 million dollars .

[X-ray]

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.

Even if it's happening don't guarantee people here will be immediately rich. Maybe most of us are just exchanging the bitcoin because the price rising to $1 Million and none bitcoin left. after price rising we're facing the problem about earning bitcoin is becoming very hard because its value rising. some our source of money maybe using USD to determine how much they're going to pay for our service

[Xenophoto]

yahh it will happen in the near future ,that  near future may be after 80 years .with the years to come bitcoin would too much popular  and it is prediction is high that its price would  go upto  1 million dollars .

Hmm. I don't think so. When the price of bitcoin goes that high, then there would be 21,000,000,000,000$ worth of bitcoin. I think that's too much and if we, bitcoiners, choose to spend our coins, then we can buy literally everything. If we choose to act as one and spend, the available resources all around the world will be ours, and I don't think the government will let that happen. I meant the 1 million dollar bitcoin.

And if all the resources were already bought, the bitcoin and all the other currency would have no value because you can't buy anything anymore.

What I'm basically saying here is that countries actually just make money that is less than the total amount of the available resource in their country. That's why if you think of it, the government don't just print and print money. They have to control it because the excess amount of money would be worthless since there's nothing to buy.