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Author Topic: 1 Bitcoin = $1,000,000  (Read 9266 times)
BurtW
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June 06, 2016, 04:13:11 PM
 #121

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

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.
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Fidemoga
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June 09, 2016, 07:59:27 AM
 #122

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

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.

that doesn't even make sense.

why would the richest man in the world need enough money to buy all bitcoins?

the richest man in the world doesn't have enough money to buy all euros either, that doesn't collapse the value of the euro.

The richest man in the world can't even afford all the gold in the world either, that doesn't crash the gold market.

Your argument is just so bad.

The richest people uses 1% of the wealth to buy the bitcoin, the price of the bitcoin will be $1 million each.
Bitcoinbro
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June 09, 2016, 02:10:05 PM
 #123

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.
BillyBobZorton
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June 09, 2016, 02:16:25 PM
 #124

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Tons of people become millionaire yearly.. what's the problem?
Also, a lot of people will gradually sell. FEW people will ever own 1 BTC, so it's very possible it going 1 million each in the future. Think about it.
hawkins
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June 09, 2016, 03:34:17 PM
 #125

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Tons of people become millionaire yearly.. what's the problem?
Also, a lot of people will gradually sell. FEW people will ever own 1 BTC, so it's very possible it going 1 million each in the future. Think about it.
if that happens I think there will be price increases irregular. The price is very much for 1 bitcoin, and I think it will not happen, because it could make bitcoin users to get rich quick
Denker
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June 09, 2016, 04:38:55 PM
 #126

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!
Red-Apple
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June 09, 2016, 04:52:01 PM
 #127

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

we don't know anything, the only thing you can say here is that it is unlikely to reach that price.

besides nobody will get rich if the price goes to that high amount. because people will most likely sell their coins long before this happens at 1/100 of that price and buy again at much higher price.

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asrilani
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June 10, 2016, 01:02:39 PM
 #128

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

we don't know anything, the only thing you can say here is that it is unlikely to reach that price.

besides nobody will get rich if the price goes to that high amount. because people will most likely sell their coins long before this happens at 1/100 of that price and buy again at much higher price.

If 10 million people use the bitcoin regularly, the price could be 50 times of the present price, or $30,000 each.
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June 10, 2016, 01:08:04 PM
 #129

That will only happen because the dollar will suffer a great deal of inflation, not a good thing

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June 10, 2016, 01:10:47 PM
 #130

That will only happen because the dollar will suffer a great deal of inflation, not a good thing for everyone and everything except the Bitcoin versus "house of cards government issued fiat currencies" exchange rate.
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GermanFoobla
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June 10, 2016, 02:17:35 PM
 #131

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

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.
Obvious signature spammer is obvious.
The value of Bitcoin is not going to be that high and that is because you have to know that the value of Bitcoin wont rise that fast and that is bad.
Because now we have to wait a longer time until we can sell it and that is also the bad thing of it because some people are also greedy.
awesome31312
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June 10, 2016, 02:19:02 PM
 #132

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

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.
Obvious signature spammer is obvious.

I don't see anything in his post that constitutes spam. Or was that your way of trying to refute his claim?

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

You know that this is impossible to happen even the richest man in the world does not even have that much money. I am sure that you will not be able to earn that much money with Bitcoin.

that doesn't even make sense.

why would the richest man in the world need enough money to buy all bitcoins?

the richest man in the world doesn't have enough money to buy all euros either, that doesn't collapse the value of the euro.

The richest man in the world can't even afford all the gold in the world either, that doesn't crash the gold market.

Your argument is just so bad.

I think he meant that $21,000,000 for every Bitcoin owner is a sum that is too large to be owned by a single person, I disagree, but you misunderstood the post (I think).

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Bitplumber
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June 10, 2016, 03:11:44 PM
 #133

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!


Your bang on dude!
If bitcoin  reached Apples market cap one bitcoin  would be worth 30k.
This is within reach in the very near future guys. 🚀
asrilani
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June 11, 2016, 07:21:00 AM
 #134

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

First of all, who is WE??
And HOW do you know this is not goinh to happen?
If all those 7,4 billion people would like to have Bitcoin, each of them could only own 0,003 BTC!!!
Right now there are mostly 3-5 million Bitcoin users.
BTC's market cap is so tiny!!Just alone apple has 20x more cash reserves!!
There are several trillions of dollars in offshore tax heaven accounts, precious metals market, real estate, stocks, bonds, derivatives...
Only a very tiny portion of each those markets moving into Bitcoin will push it to 7 figures!
Bitcoin is an almost empty storage tank, just waiting for the big money to flood in!


Your bang on dude!
If bitcoin  reached Apples market cap one bitcoin  would be worth 30k.
This is within reach in the very near future guys. 🚀


$30k is about 50 times of present price. If the price rises 40% a year, it will take 11 years to achieve that value.
BitcoinPC
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June 11, 2016, 09:28:21 AM
 #135

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.
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June 11, 2016, 07:04:04 PM
 #136

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.
It is inevitable that one Bitcoin will be worth $1,000,000 some day because by design $1,000,000 some day in the future will eventually have the purchasing power of $500 today.  Bitcoin has the opposite design and one Bitcoin should increase in purchasing power over time.  Eventually the rising purchasing power of Bitcoin will intersect with the falling purchasing power of the dollar and one BTC will be worth $1,000,000.

When this will happen is the real question.

Our family was terrorized by Homeland Security.  Read all about it here:  http://www.jmwagner.com/ and http://www.burtw.com/  Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated!
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June 13, 2016, 07:16:54 AM
 #137

Each person own 1 Bitcoin and hold on to it for 20+ years.

Bitcoin is the best investment of all time. Owning Bitcoin is better than owning a house.
We know that that is not going to happen at all, so do not get your hopes up for something like this to happen because it will not. To many people would become rich if that happens.

Its is not possible for bitcoin price to be $1,000,000. It cannot happen in next 100 + years also. I must say that no one can think of such a bitcoin price in dream also.
It is inevitable that one Bitcoin will be worth $1,000,000 some day because by design $1,000,000 some day in the future will eventually have the purchasing power of $500 today.  Bitcoin has the opposite design and one Bitcoin should increase in purchasing power over time.  Eventually the rising purchasing power of Bitcoin will intersect with the falling purchasing power of the dollar and one BTC will be worth $1,000,000.

When this will happen is the real question.

When the bitcoin is worth $1,000,000 some day, the buying power is worth at least $100,000 today. That is due to the value increase, not the dollar depreciation.

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June 13, 2016, 07:47:52 AM
 #138

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.
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June 13, 2016, 07:54:26 AM
 #139

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.
although the price of bitcoin is always make a surprise, like this time rising very high. but keep that $1 million is not realistic.
but $5-10k it is still possible to achieve, although it takes a long time.
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June 14, 2016, 07:52:09 AM
 #140

Some people are waiting for the price to be one million Dollar per Bitcoin but I know that the price is not going to be that high. We have to stay realistic here because if not you are just going to be blinded.
although the price of bitcoin is always make a surprise, like this time rising very high. but keep that $1 million is not realistic.
but $5-10k it is still possible to achieve, although it takes a long time.

If the $5,000 is achieved in 2-3 years, I think it is very healthy. If we achieve that in a year, there is a big bubble.

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