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Author Topic: 1 Bitcoin = $1,000,000  (Read 9266 times)
RobinHoodster
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May 13, 2016, 08:08:59 AM
 #81

Bitcoin will never reach that high value and if it even happens than there will be a lot of people that is getting rich and are going to use Bitcoin but we have to stay realistic and this is not realistic.
It is now not even rising now and that is already bad for the people who already are waiting for a price increase.
1Referee
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May 13, 2016, 08:17:13 AM
 #82

Bitcoin will never reach that high value and if it even happens than there will be a lot of people that is getting rich and are going to use Bitcoin but we have to stay realistic and this is not realistic.
It is now not even rising now and that is already bad for the people who already are waiting for a price increase.

It's not even funny anymore seeing brainless people dreaming about $1,000,000 prices while we probably won't come even close to $1000 in the coming year(s). But I'm sure OP is just trolling.
Qunenin
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May 13, 2016, 08:23:13 AM
Last edit: June 05, 2016, 03:50:41 AM by Qunenin
 #83

Bitcoin will never reach that high value and if it even happens than there will be a lot of people that is getting rich and are going to use Bitcoin but we have to stay realistic and this is not realistic.
It is now not even rising now and that is already bad for the people who already are waiting for a price increase.

Very difficult to reach $1000,000

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mindrust
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May 13, 2016, 08:24:26 AM
 #84

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

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co5hike
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May 13, 2016, 09:27:58 AM
 #85

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of  people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.
pereira4
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May 13, 2016, 12:12:56 PM
 #86

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of  people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

People was saying here that Bitcoin would never reach 1 dollar, during the early days. Imagine if the new it would reach 1000.

People brains aren't wired to think beyond what they consider possible, but it's very possible to reach 1 million per Bitcoin in the next decade or two. Fo instance, the M2 money supply of the US dollar, the world's reserve currency, is just shy of $12 trillion. For the euro, it's 9.86 trillion euros, or $10.76 trillion. The current marketcap for BTC is roughly 7 billion... do the math.
Fidemoga
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May 26, 2016, 11:16:59 AM
 #87

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Exactly no one has that level of patience to hold their coins till it reaches to 1 million, as you said majority of  people will sell their coins when it will reach to certain level, and of course 1 million price is impossible to achieve.

People was saying here that Bitcoin would never reach 1 dollar, during the early days. Imagine if the new it would reach 1000.

People brains aren't wired to think beyond what they consider possible, but it's very possible to reach 1 million per Bitcoin in the next decade or two. Fo instance, the M2 money supply of the US dollar, the world's reserve currency, is just shy of $12 trillion. For the euro, it's 9.86 trillion euros, or $10.76 trillion. The current marketcap for BTC is roughly 7 billion... do the math.

The US state debt is about 19 trillion dollars, if that is represented in bitcoin, one bitcoin is more than $1 m.
jaredboice
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May 26, 2016, 11:39:38 AM
 #88

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase
Kidsgarter
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May 29, 2016, 04:00:04 PM
 #89

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

The price could easily double every year, so in 5 years, it is 32 times of present value, or 18,000 dollars.
mindrust
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May 29, 2016, 04:09:50 PM
 #90

It is only possible if you can convince every single person on  earth to sell their US Dollars for Bitcoins. (which will result as the destruction of USD btw). That can't happen as long as the United States of America is alive or if the US simple decides to replace USD with bitcoins. Bitcoin can go 1000$ or maybe 1500$ but after that point they are going to need big boys' support. This is also unlikely to happen because giving their support as big boys, will make the others who bought bitcoins earlier, richer. There is a world order going on and big boys don't wanna change the rules of the game.

Jealousy, Greed and Anger will stop bitcoin. Smiley

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bit1
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May 29, 2016, 04:34:03 PM
 #91

One word: Impossible.

Bitcoin will never reach to 1000000. Maybe in 1000 years. People gonna dump everything they got when the price reaches to 1000$.

Even so in such a long period of time things will be completely different what they are now. May be  they appoint primitive what is now .


miningdude
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May 29, 2016, 04:43:48 PM
 #92

That will never happend its impossible.
spazzdla
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May 29, 2016, 04:59:56 PM
 #93

21 Trillion dollar market cap.. hum. 

https://www.quandl.com/collections/economics/stock-market-capitalization-by-country

US Stock market was 11.7 Trillion


https://en.wikipedia.org/wiki/Gold_reserve

It has been estimated that all the gold mined by the end of 2011 totalled 171,300 tonnes. At a price of US$1,500 per troy ounce, reached on 12 April 2013, one tonne of gold has a value of approximately US$48.2 million. The total value of all gold ever mined would exceed US$8.2 trillion at that valuation.




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May 30, 2016, 02:35:33 AM
 #94

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.
crairezx20
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May 30, 2016, 03:45:52 AM
 #95

This time we cannot think that 1 bitcoin will be reach at $1m its impossible to think it right now but this coming block halving until 2017 if we see the price will stable at 1k value i think we will see the price of bitcoin in the future near to that price i think.. but for now the possible that we can see in the market i think around 600-900 and possible price in the future is $1k-$4k value.. this is just my speculation anytime the price can be change depends in buyer and traders.. or demands and supply..
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May 31, 2016, 04:00:54 PM
 #96

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

The stable price before the big pump was around $120 in June or July. So that is about 10 times increase.
ElpadroBitcoin
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June 02, 2016, 02:28:00 PM
 #97

1 Bitcoin = $1,000,000 USD
21 Million Bitcoins = $21,000,000,000,000 ($21 Trillion USD)

It would be crazy if that was going to happen but I am sure that the value will never be that high. There are to many people using Bitcoin that means that so many people would become millionaires I just do not see something like that happening.
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June 02, 2016, 02:50:23 PM
 #98

I hope bitcoin up to $1000.000 lol
But its possibility

but there will never be expectation that bitcoin can reach very high, as you would expect. $1000-5000 is the highest price that could be achieved bitcoin.

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zimmah
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June 02, 2016, 02:52:03 PM
 #99

One million dollars may or may not happen. There are too many factors to consider, not the least is the number of viable alternatives. However, those who think it's a fantasy for btc to reach $10,000 are being unrealistic. We would only need a $100 Billion market cap to get close to that number. If history is any indication, btc could potentially achieve that in 5 years or less, depending (once again) on a multitude of factors. But it's very possible and one might even say quite probable. Btc went from a penny to $450+ in 6 years. That's an enormous increase

it went from $12 to $1244 in 11 months before

$10,000 could easily be reached early 2017.

$1,000,000 will obviously take a while longer, but we could see it as early as 2020.

The stable price before the big pump was around $120 in June or July. So that is about 10 times increase.

in January that same year they were only at $12 so like i said, 100 times increase in 11 months.

Even after the massive 'collapse' they never came anywhere near $12 again, (or even $120 for that matter).

The same could (and in my opinion is likely) happen again.

It could be that by 2017 the price will be nearly 100 times the current price (so $40000~50000) for a short while and that after the dip it will still never even touch anywhere near $4000 at the bottom. And it will likely stay above $10k most of the time.

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June 02, 2016, 02:54:47 PM
 #100

1 million usd for a bitcoin, it's not going to happen.

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