Chandler Guo : "Bitcoin could reach 1 million dollar"

[OmegaStarScream]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

[simpleca$H]

1mln per bitcoin?? maybe in the next 100 yrs were we all dead

we wont survive this...i think its impossible...1k $ or maybe 10k dollar per btc but not a million

[pitham1]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

When Bitcoin becomes $1mn, every satoshi will be worth 1c.
There will be no more dust transactions and no more bitcoin faucets. Plus I won't be working. 

[Oilacris]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

[serjent05]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

[DoublerHunter]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

That's right, 1 Million USD price for 1 bitcoin is very over price and almost a fantasy because bitcoin will need a lot of time to reach that and somehow even before that 1Million price, bitcoin is starting to die and most of the miners are shutting down their mining rigs because of the very high mining difficulty and that price will just considered as a fantasy.

[OmegaStarScream]

“But finally, I tell them, just go back and buy Bitcoin. A lot of people don’t have Bitcoin...Not too much. Only one is enough. If everyone would have just one, the Bitcoin value would go to $1 mln. When Bitcoin becomes $1 mln, the whole world would be crazy and everyone would love to follow and all the other digital currencies would just be the grandson of Bitcoin.”

You can see the video from a couple of days ago here : https://www.youtube.com/watch?v=Zh_mQl2B6es&feature=youtu.be (0:00 to 2:00 should be enough but you could continue)

Another  insane  speculation on which the  price  is  too unrealistic to consider. As others said  here if that  amount would reach  then we are all dead and  our grand grand sons would able to witness that  event but  i really dont think that  this  things would happen  because  saying $1m/bitcoin is  no joke and  assuming that all people  are already using  it  globally and  would be the mainstream for sure.

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

[amacar2]

He actually spoke about the 10,000$ too and he said we should reach that before reaching 1 million dollar. His statements aren't crazy at all considering that he is an Entrepreneur and he is one of the biggest miners in China and If you see what he said , It would make sense... If everyone buys BTC then this will be an easy task to achieve.

He is saying this because he also believe in bitcoin and as miner he have more than any normal guy or company have so basically he want this more than anyone else.

It is true that marketcap of bitcoin can grow exponentially with the increasing demand however to reach a point or level of adoption where everyone around the world start buying 1 bitcoin and saving it, we may have to wait a 100+ year so hard to predict situation by than. It is also true online payment industry is worth of trillions of dollar per day so bitcoin can easily take majority of those in its market cap so better to expect atleast 10x price after few years.

[SHAWN-MIDWAYS]

Come on you talking of a million dollars when we haven't even got to a 1000 dollars per bitcoin as of 2016 maybe this will be possible after 5 generations

[Junko]

Well, less than ten years ago when bitcoin was worth just $0.01-$0.02, people thought those who were saying bitcoin could reach $100 or even $1k were crazy.

[Ayers]

1M dollars mean that the marketcap will be more than the one of gold, because 1M x 21M = 21 trillion, and the cap of gold is 7 trillion, this is huge it's 3 times+ the marketcap of gold, and not really so simply as he is making it to be, it would be good at $10k already, i hope for that

[Kprawn]

Come on you talking of a million dollars when we haven't even got to a 1000 dollars per bitcoin as of 2016 maybe this will be possible after 5 generations

Nope...  If Amazon.com ( AMZN 2.94% )   adopted bitcoin for all payments, its volume of $38 billion, divided by a supply of (at the time of the email’s writing) about 7 million bitcoin, would make each bitcoin worth $5,400. If $300 billion in international remittance was conducted in bitcoin, that volume alone would push the price to $42,000. Adding these, along with online poker and gas station transactions, would lead to a total transaction volume of $602 billion — and a bitcoin, even at today’s expanded supply of 12 million coins, worth $50,000.

That is just for Amazon ..... Now imagine what would happen, if other platforms starts to accept Bitcoin as a payment option.  

[Nahl]

so basically with all what he say that if every person have 1 bitcoin each and save it then the price will automatically reach to $1 million and i think life is not always as much fun as it and he say too bitcoin currently is very cheap only couple hundreds of dollar so this is the right time to buying bitcoin before the price raising up but in my opinion this person are totally speculate because even most people to do that i don't think the highest price would be $1 million and i do not trust for what he said

[Catmony]

1 million per bitcoin is more than anyone can imagine however $10,000 sound rather practical and we may see it by next 10-20 years if bitcoin network remain working and support grows.

[toy4lov3rs]

1 million per bitcoin is more than anyone can imagine however $10,000 sound rather practical and we may see it by next 10-20 years if bitcoin network remain working and support grows.

Is this post a troll post? This number sounds a bunch more reasonable, but am I wrong. Is the potential there to have that much growth? Or is this actually just a waste of time thread.. 1 Bit Coin reaching 1 million dollars would change the top 1% a decent amount.

[Paashaas]

$100.000 for 1 Bitcoin is still a modest estimate for a global payment system with a limited supply of 21 19-20 million coins.

It's amazing that people are still shellshocked by these facts...

[fiserman]

Keep in mind that hyperinflation of the dollar can happen in the future. $1 million may only be equivalent of $10,000 of today's USD.

[leopard2]

I agree, just releasing words without any substance in it.  I would believe if he will say bitcoin will reach 10k USD but 1 million, I doubt it, I can speculate that we are using other cryptocurrency or another cryptocurreny had replaced bitcoin even before it reach half of the value of what the video is saying.

Not so sure...recently it was considered to remove Russia from the Swift network. Sort of the nuclear option amongst sanctions.

Then what would Russia do? Cave in? Send money via courier?

They could just start using the Bitcoin network. It works, it is unstoppable, it cannot be sanctioned. An event like that would make BTC shoot over 10k USD within days.

Swift is used for transactions up to millions and billions, it would require Russia (and its trade partners) to buy extremely large numbers of Bitcoins, blasting orderbooks on all exchanges.

I am not saying 1 million is easy to reach, but 10k is nothing, given the very tiny market cap of BTC, compared to networks like Visa, Mastercard or the largest one, Swift. 

[Shiroslullaby]

Nope...  If Amazon.com ( AMZN 2.94% )   adopted bitcoin for all payments, its volume of $38 billion, divided by a supply of (at the time of the email’s writing) about 7 million bitcoin, would make each bitcoin worth $5,400. If $300 billion in international remittance was conducted in bitcoin, that volume alone would push the price to $42,000. Adding these, along with online poker and gas station transactions, would lead to a total transaction volume of $602 billion — and a bitcoin, even at today’s expanded supply of 12 million coins, worth $50,000.

That is just for Amazon ..... Now imagine what would happen, if other platforms starts to accept Bitcoin as a payment option.  

Exactly.
All we need is one big online service like Amazon or iTunes to start accepting Bitcoin,
and we could easily see prices in the thousands of dollars.
Also, once Amazon started accepting BTC, other big online retailers would naturally follow. This could push price up even further.
It will be a domino effect.

[Yakamoto]

You know what else could hit $1m? Silver, per ounce. Will it happen? Probably not for a long time. Will it eventually hit $1m? Maybe. I wouldn't write it completely out of the possibilities, but it is still a fairly long ways away if it will happen. The community will have to continue growing and money will have to keep flowing for this to remotely be a possibility.