The $1 Million Dollar Bitcoin

[brian_23452]

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

in this case i will say that bitcoin begining to gain ground in the world today  over time people are getting to more of bitcoin today so dollar and bitcoin today are almost the same today they both have  so i don"t think that dollar is really higher them that bitcoin  so with time bitcoin will go to the moon.

[pealr12]

100 percent  no. Bitcoin will never ever  reach that super high price.,  even the demand on bitcoin is too high ,still it cannot make the price  of.bitcoin go $1 moliion dollars.

[Carlsen]

21 trillion dollars that sounds unbelievable much. But only at first!
At the moment, the debt held by the public of the united states alone is at about $14.3 trillion dollars!
I can't say that I believe a bitcoin will ever be worth a million, surely not.
But when I look just at the numbers, at least the amount is not so big that nothing in this size would not exist already!

[crairezx20]

100 percent  no. Bitcoin will never ever  reach that super high price.,  even the demand on bitcoin is too high ,still it cannot make the price  of.bitcoin go $1 moliion dollars.

well same here that it is impossible that it will happen.. the possible that i think the maximum price that we can see in bitcoin in the future.. 4k to 8k value each.. this is what i thought in the future.. and i hope that it can be change and much more will come with bitcoin..

[ether19]

100 percent  no. Bitcoin will never ever  reach that super high price.,  even the demand on bitcoin is too high ,still it cannot make the price  of.bitcoin go $1 moliion dollars.

well same here that it is impossible that it will happen.. the possible that i think the maximum price that we can see in bitcoin in the future.. 4k to 8k value each.. this is what i thought in the future.. and i hope that it can be change and much more will come with bitcoin..

1 million dollars = 1 bitcoin. That's an Insane value. I don't think it will happen and I wonder when it will happen that is if it happens by any chance. Bitcoin can reward loyal investors but 1 million USD per bitcoin is too much for the time being.

[error08]

Yes it could happen, if it becomes huge and used worldwide in trading and financial businesses. Even experts are acknowledging this scenario, but giving it just 0.02% chances of happening. Well even 0.02% is better than 0 chances!

http://www.coindesk.com/wedbush-report-projects-400-bitcoin-price-by-2016/

Bitcoin has huge potential to become major digital currency in the world for sure as we could see how it rise and rises till now the price could reach pretty stable $750-$780. When I read the article, they predicted the price should reach $400 in the next year and it's already proven, makes me think about 0.02% probability that bitcoin will become a "global working capital of trade", in which case it foresees a scenario in which a single bitcoin could be worth up to $1m. Well, nothing is impossible for bitcoin but we might not in this world anymore if that predictions will happen.

[SvenBomvolen]

100 percent  no. Bitcoin will never ever  reach that super high price.,  even the demand on bitcoin is too high ,still it cannot make the price  of.bitcoin go $1 moliion dollars.

well same here that it is impossible that it will happen.. the possible that i think the maximum price that we can see in bitcoin in the future.. 4k to 8k value each.. this is what i thought in the future.. and i hope that it can be change and much more will come with bitcoin..

   This is a dream, million dollars for 1 btc, what OP smoked before he posted this topic?
   All thou I agree with you that this will not happen, in my life I learned that nothing is 100 %. 99.99 % maybe, but that is still a chance. Probably we will not be alive to see that.

[jubalix]

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.

21T would by you a fraction of everything if that....the worlds largest company is worth if that. one of the largest companies in the world is

Saudi Aramco worth over 2T, Australias housing stock is 6T, wack on the infrastructure etc etc, you could probably just buy Australia for 21T, maybe,

Now go into the world of finance and the figures dwarf this

[virasog]

100 percent  no. Bitcoin will never ever  reach that super high price.,  even the demand on bitcoin is too high ,still it cannot make the price  of.bitcoin go $1 moliion dollars.

well same here that it is impossible that it will happen.. the possible that i think the maximum price that we can see in bitcoin in the future.. 4k to 8k value each.. this is what i thought in the future.. and i hope that it can be change and much more will come with bitcoin..

1 million dollars = 1 bitcoin. That's an Insane value. I don't think it will happen and I wonder when it will happen that is if it happens by any chance. Bitcoin can reward loyal investors but 1 million USD per bitcoin is too much for the time being.

Never say never. Anything is possible. 1 million dollar for every bitcoin is big today but in future things can change very quickly. Remember when 1$ per bitcoin was considered too much? So hold on to bitcoins as close as possible and keep collecting them.

[tolikkk]

I hardly think that bitcoin will be worth one million, because it would be cumbersome to look at the overall economic table - if you offer bitcoin as a common global unit to replace the dollar, then maybe, but the dollar is not worth a million

[BitFinnese]

I hardly think that bitcoin will be worth one million, because it would be cumbersome to look at the overall economic table - if you offer bitcoin as a common global unit to replace the dollar, then maybe, but the dollar is not worth a million

I am not insane to see bitcoin price reaching $1M. Bitcoin is struggling to reach each new ATH today and it is around 0.125% of the projected price of this thread.  The more realistic would be $5000 to $10,000 per BTC and that will need, in my opinion, more than a decade to reach.   So $million  per Bitcoin for me is impossible.

[raja2sumi]

No its not gonna happen anyway.the price hike will slow down to some extend and in the next years like after 15 years we may see that the price of bitcoins rise upto 1000p dollars and that even happening is very unlikely.

[Republic of Coin]

No its not gonna happen anyway.the price hike will slow down to some extend and in the next years like after 15 years we may see that the price of bitcoins rise upto 1000p dollars and that even happening is very unlikely.

After the recent price rise, I think the $1 m price is possible.

[kanazawa]

I won't happen... That's because if you think how much people have Bitcoin and how many millionaires people will be living on earth just because if their "holding" competence along the years... I mean, noy even if you hold some golden rock found in the 17th century it worth 1million dollars. It's difficult to measure and there's no math that can be done to predict this, but taking the course of history, it is extremely unprobably.

[Xenophoto]

No its not gonna happen anyway.the price hike will slow down to some extend and in the next years like after 15 years we may see that the price of bitcoins rise upto 1000p dollars and that even happening is very unlikely.

After the recent price rise, I think the $1 m price is possible.

Lol. How about the recent price manipulation that has happened? What has that made you think? Maybe you're talking about the recent price increase that has brought us from $700 to $1.1K. That is just a really really small percentage of the price increase that will take us to the $1M price. Believing that $1M bitcoin is possible just because the price has increased a couple of hundreds is absurd IMHO. That's like believing that you can fly just because you were able to jump.

[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.

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

That is a sad thing, when bitcoin suddenly hits the price of one million dollars each in an instant and the moment is has surge in price you have zero balance in your wallet. You are right saying that not all will become millionaires since not all of us owns at least 1 bitcoin. But we cannot deny that there will be some who will be included in the list of new millionaires when that happens and I hope to be included in that list.

[albama]

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?

You are kidding? I can not dream bitcoin growing up 2,000$ . Now it's down under 850$ and it will be under 700$ in next days.
Maybe bitcoin will be rising up 1,000$ at the end of this year.

[mastica]

Remember that the most people at bitcoin are normal people with normal jobs, they cant support bitcoin above big ammounts, only whales and miners would be able to push the price soo high, but why would they do such if no one will be able to buy anymore bitcoin. I do believe bitcoin can reach 2000 dollars at 2030 or before, but this due to the halving and some projects like megaupload be live and became a huge sucess, augur and zec projects live as well, this should make the numbers of bitcoiners to explode and raise maybe 20-40% population.

[Fatanut]

Remember that the most people at bitcoin are normal people with normal jobs, they cant support bitcoin above big ammounts, only whales and miners would be able to push the price soo high, but why would they do such if no one will be able to buy anymore bitcoin. I do believe bitcoin can reach 2000 dollars at 2030 or before, but this due to the halving and some projects like megaupload be live and became a huge sucess, augur and zec projects live as well, this should make the numbers of bitcoiners to explode and raise maybe 20-40% population.

The price will get pumped this high not necessarily by just a couple of whales. I believe that the price would hit this range if the "normal people with normal jobs" starts buying bitcoins instead. They might not support bitcoin to become that big individually, but if they do it altogether, they might achieve it.

It's not needed that people buy 1 bitcoin or two. They can always buy in small pieces like milliBit or microBit so even the price is high, it's okay.

I don't think at 2030, the price would just be $2000. We're already around $900-$1100. It wouldn't take that long to get to $2000 range.

[angaper]

I would not harbor the hopes of seeing the price of bitcoin at those levels. These last days of high volatility have revealed how easily manipulable and insecure would be to use bitcoin as a store of value.  Moreover, I dare say that bitcoin is still an unfinished experiment, a revolutionary beginning of what tomorrow's economy will be.