$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..

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[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.

[talks_cheep]

You should ask nicely of ISIS to accept bitcoins for oil or whatever goods they have to sell. Even then, it won't raise bitcorn price. Maybe if the Sauds accepted bitcoin, it might boost the price, but not to $1million level.

[angaper]

One million? Of course I would like to be optimistic and wait for such price, but in my opinion there are no realistic elements to see that price ever. Even $10000 seems pretty difficult to reach, and that is why I would be satisfied with $2000 per btc.

[GermanFoobla]

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.

Indeed, keep dreaming guys this will never ever will happen its just too much and will never happen anytime in our life time.
Its even the question if the bitcoin will go to the amount of 10k....

[Hirose UK]

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..

probably the price will be $1million if there's no more stuff to produce fiat currency. but I'm not sure it will happen because you know, government have system of currency.

[iram66680]

or when the dollar crashes

Which dollar, all of them? Ruble is worthless so is the Venezuelan currency that I don't care about to search it's name. If you are talking about the American dollar then you will have a long way to wait. If Trump has his way it will rise higher than it has ever been. He has the supporters now as this week's polls have showed.

[hasiramasenju]

even i do expect that will happen but i don't think any chance bitcoin reach to that prices because many factors that would hinder and i have to says it is impossible to bitcoin reach to $1000.000

[MedaR]

Bitcoin have much more problems than dollar if we talking like grown ups.
This is not regulated currency and risk of being robbed is very high.
Bitcoin is used more on darknet and have bad karma now.
Bitcoin needs more attentions and more use as money , not like investment.
Now you can see behind dollar, standing half of the world, and majority of them didn't even heard for bitcoin yet!

[Hannu]

Hey!

Invest? example Oil futures and gold?

[Wapinter]

You should ask nicely of ISIS to accept bitcoins for oil or whatever goods they have to sell.

I will if you gift me all your coins

You should ask nicely of ISIS to accept bitcoins for oil or whatever goods they have to sell. Even then, it won't raise bitcorn price. Maybe if the Sauds accepted bitcoin, it might boost the price, but not to $1million level.

Saudis can not go against their masters I.e US government.Remember it was saud king who convince all arab nations to accept USD for oil.Chances of saudis doing same for bitcoin is negligible

[JesusHadAegis]

even i do expect that will happen but i don't think any chance bitcoin reach to that prices because many factors that would hinder and i have to says it is impossible to bitcoin reach to $1000.000

Yap and even it would go that high to comodities in that time would inflate too. And that kind of change is too risky for an online transaction.

But i heard sometime ago btc went to $1000=1 bitcoin?. I think it was back when btc was still in its 3rd or 4th year?

[1Referee]

It's money that we need from institutional investors. But at the end, even they can't get the price to $1,000,000 as they are not stupid enough to make the early adopters filthy rich. They know there are holders with tens of thousands of coins waiting for insanely high price levels to sell at.

[r0ach]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

[MaxTax]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

[pissedoff]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

[BitAurum]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

Isn't 2020-2021 too early for bitcoin to overtake Paypal and many of the major payment networks?

[European Central Bank]

Easy. Crash all the exchanges. Open up a new one with one 1 satoshi for sale on it for 1 cent. Sell it to some noob fresh from Ebay. Pop the champagne corks.

[beastmodeBiscuitGravy]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

Isn't 2020-2021 too early for bitcoin to overtake Paypal and many of the major payment networks?

Found the zionist bankster shill.

[nostal02]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

[lixer]

-snip-
It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

But bitcoin is going to create the history. Now people are comparing bitcoin to gold on ounce basis, when bitcoin moves into one kilo gram comparison into gold, then we can expect bitcoin prices riding in millions.
This is one simple example stating the chances for bitcoin prices to rise into million. There are lot of other possibilities also like trading in satoshi.

[newcoins1978]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

That will not happen. Because that is really a high worth and that will not happen. It is impossible and that is logic.
You can see that it will rise slowly but you never know what can happen with the value.

[Wapinter]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

Bitcoin is not your traditional minted at will currency.You can not find any precedence to compare it with bitcoin.1 million may be far but not impossible.Remember bitcoin was $0.03 during its initial days and today it is more than $400 who knows it would be $40,000 in next 10 years

[ranlo]

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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

[Lutzow]

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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

Exactly, and will there be enough buyers still? There are altcoins out there that are having better features than bitcoin without the blockchain drama and mining issues so it won't take a lifetime for some whales to notice that and make good use of it.

[praprata]

This thread is filled to the brim with noobs and shills.  Paypal market cap is 50 billion, and Bitcoin will easily beat that in the near future.  It's also a much more valuable network than Paypal, hence my "it could easily be 100x from here by the end of 2020-2021.

That's true. Such a price is just absurd. I don't even expect the price to go over 5k. Let alone over 10k.
1 Million would be a price if everybody would use bitcoin. And we all know that's never going to happen.

Even if everyone uses bitcoin 1 million dollars per coin is too much to expect unless the dollars has crashed in value.

It is really to much to expect for 1 bitcoin to raise to 1 million dollars,theres not even a single currency in history that raises to that level.

That will not happen. Because that is really a high worth and that will not happen. It is impossible and that is logic.
You can see that it will rise slowly but you never know what can happen with the value.

Of course this will not happen this is just too much for the bitcoin itself, its even have to proof itself to most people these days.
Maybe it will even not reach the 1k anymore these days that already says enough right ?

[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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

[neonshium]

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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

[ranlo]

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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

Gold is NOT an investment. I really wish some of you people knew what you were talking about before you ramble on and spread misinformation. Gold is a monetary storage vehicle. It's not meant to bring profit; it's simply meant to keep up with inflation. No more, no less. "Investment" insinuates you're in it to bring a positive return -- keeping up with inflation is simply a net-zero effect.

[MaxTax]

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..

BTC is designed more as a mode of transferring wealth than as an investment vehicle. Hence "cryptocurrency," and not "cryptoinvestment." You all keep focusing on the completely wrong thing.

This is the best I have heard about bitcoin so far.It has given me a new perspective of bitcoin. Yes if we consider it as a mode of transferring wealth,we need not store it but only if we consider it an investment (which should not be the case),it leads to hoarding of bitcoin

But until bitcoin hit mainstream of adoption like more popularity across globe, it will act as "cryptoinvestment". Gold is an investment as well as medium of exchange. Same way we can expect bitcoin all the time to be a currency as well as investment.

Gold is NOT an investment. I really wish some of you people knew what you were talking about before you ramble on and spread misinformation. Gold is a monetary storage vehicle. It's not meant to bring profit; it's simply meant to keep up with inflation. No more, no less. "Investment" insinuates you're in it to bring a positive return -- keeping up with inflation is simply a net-zero effect.

Making an investment is not for sure that you can earn some money. Because the value can also be down and that you will lose money, so that will be not good.
But I dont think it is possible to have 1 Bitcoin for 1 million. That is impossible, otherwise people are now buy some Bitcoins.