$1 million for 1 bitcoin.Here is how

[Wapinter]

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

[GermanGiant]

The day bitcoin gets accepted at OPEC.

[AdamCox9]

or when the dollar crashes

[Lauda]

or when the dollar crashes

Well, if the dollar crashes you're going to have a lot more problems to worry about than the price of Bitcoin. However, it might reach a high value in comparison to the dollar but that does not mean that it would have a high purchasing power (due to the crash).

I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

I don't see this happening in the foreseeable future.

[randy8777]

there is really no point into thinking about these prices. but just to answer your question about how to make bitcoin reach much higher price levels than we currently have... two words. wall street.

[talkbitcoin]

... I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

nah, this is never going to happen. at least there should first be the mass adoption stage then there should be regulation and governments all over the world to set rules for using bitcoin then after that there is still a small possibility that that country accepts bitcoin as payment.

but what randy8777 above me said is the key to ridiculously high prices. if bitcoin enters wall street then there is going to be a massive demand that will shoot the price up.

[romero121]

Even prediction has certain limit. I don't think people will predict bitcoins price to such a high value without any valued reason.

[Wapinter]

... I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

nah, this is never going to happen. at least there should first be the mass adoption stage then there should be regulation and governments all over the world to set rules for using bitcoin then after that there is still a small possibility that that country accepts bitcoin as payment.

but what randy8777 above me said is the key to ridiculously high prices. if bitcoin enters wall street then there is going to be a massive demand that will shoot the price up.

Dont you think a failed state or IS can accept bitcoin for selling oil?They are not concerned about international laws and would not need to care even if they do not follow any regulation and if they find it hard to sell their oil freely,they can go for backdoor selling where bitcoin can be accepted by them

[BTCLovingDude]

the oil rich countries that you are talking about even if they want to sell their oil through "backdoor selling" as you put it they have their own methods of getting the money in USD or EURO that they need for other stuff in their countries in other words they require those fiats not bitcoin so i don't see why they choose bitcoin instead.

[Pollak]

It is not possible. As you can see now, you can see that the value is slowly rising and that is very good. But it will take a long time to have a high value.
And you dont even know when the rise will stop so that is also very risky. The best thing is that you must sell it when you think that it has a good value.

[electronicash]

Another thread about bitcoin worth more than what i can be. i don't think 1 million dollar will ever happen not even in the future. people would be dumping even before 1 bitcoin reaches 1K$. and even that, it will take a long time if it does and sure not in our life time.

[lexuz]

yeah say what you wanna say 1 million dollar for 1 bitcoin is not impossible for you but not for me, it like a dream and never see in fact what going on now. you see after bitcoin reach the higher price $1300 bitcoin never back to that price again. how   still keep a dream

[Wapinter]

the oil rich countries that you are talking about even if they want to sell their oil through "backdoor selling" as you put it they have their own methods of getting the money in USD or EURO that they need for other stuff in their countries in other words they require those fiats not bitcoin so i don't see why they choose bitcoin instead.

Yes they do need fiat but when they sell their oil for USD they make dollar stronger and benefit US economy.Given the hatred they harbor for US capitalist government,they can consider accepting Bitcoin instead of dollars

[richardsNY]

It's not possible. First people were talking about Bitcoin reaching $5000 and then $10,000 and then $100,000 and then $200,000 and now $1,000,000. What's next?

[Wapinter]

It's not possible. First people were talking about Bitcoin reaching $5000 and then $10,000 and then $100,000 and then $200,000 and now $1,000,000. What's next?

It is not impossible either.Remember bitcoin was less than a cent during its initial days and now it is above $400.If it can reach more than 1000 times of its price since than,there's possibility that it reach $1 million also

[rekinthis]

I got this while posting in some different thread.A lot of guys here speculate and hope bitcoin to reach $1 million.Although I also wish that to happen but I wonder how would it happen,will it happen if Bitcoin become mainstream? I think if some oil producing nation start accepting bitcoins for exporting oil than Bitcoin price can shoot to $1 million..

it would happen if all of worlds money would be changed to bitcoin, but i don't think that it will happen in next 20 years for sure

but that would be top for bitcoin, wouldn't be any better, and it would be same as all currencies, but would be interesting to see that anyway

[r0ach]

It's very possible Bitcoin will be up 100x from here by the end of 2020-2021

[FruitsBasket]

It's very possible Bitcoin will be up 100x from here by the end of 2020-2021

Lol, are you kidding me?
Bitcoin is not a God currency or something. It is invented by a humen so it has mistakes and isn't that perfect to do such skyrocketing.

[beastmodeBiscuitGravy]

It's very possible Bitcoin will be up 100x from here by the end of 2020-2021

Lol, are you kidding me?
Bitcoin is not a God currency or something. It is invented by a humen so it has mistakes and isn't that perfect to do such skyrocketing.

You must be some kind of zionist bankster shill. CockR0ach's in-depth research note is actually quite conservative, if you'll notice, he's predicting a rise that is less than half of OP's slightly-less-conservative estimate of $1MM per corn.

[maku]

There is no way in hell that we will see 1 Bitcoin reaching value of 1.000.000 USD during our life time.
I would rather assume that bitcoin will fail miserably and reach $1 than $1 million. There is nothing, literally nothing that could happens to push price that high.
Dream on, guys.