.

[freebutcaged]

$1100 price and people already were bitching around about how expensive Bitcoin is, $1800 price and many of them just stayed silent because they couldn't even spell and type the price for it was too heavy and expensive, I'll be rich less than $5,000,000 if I'm alive by then.
Doubt it if market can handle such prices, even now we can see how other coins are growing in market share. who could've thought some day a few KB of data worth thousands of dollars?

$1,000,000/BTC is just a theory and can not happen, speaking about realistic. most of the people here think Bitcoin will be the sole currency surviving in the future and there will be no governments? only a handful of people really need to use Bitcoin and the majority actually doesn't want and has no use for a decentralized currency.

I believe the existence of BU is very dangerous to the overall image of decentralization because they are clearly destroying the utility of Bitcoin.
I don't want a digital currency if I'm going to pay $2 as fee and still wait 1 hour do any of you?

[isen]

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

Exactly, and even though I didn't check I am sure that back in the first days of Bitcointalk similar topics were discussed with titles such "Do you believe that BTC price will ever reach $ 1000?".
No one knows where it will stop and every answer you get is pure speculation.One thing is for sure that Bitcoin will keep growing and getting stronger day by day and if we manage to solve the scaling issue soon, the progress will be faster.

[HabBear]

Aside from your variables X, Y and Z, I think that the volume of transactions is another important variable that should be taken into account.  That has a huge impact on the demand of a currency, and ultimately, it's value.

Is that stat out there?  How much bitcoin is changing hands over a period of time?

Oh man...free your mind with the charts at Blockchain.info >>> https://blockchain.info/charts

[Peter789]

Right isen. Scaling is the big issue facing btc today. Transactions have to be fast.....turbo fast for public acceptance.

I am changing my mind and am starting to support Segwit.

As an invester, Etherum is also looking good. I feel Etherum will NOT loose value. Therefore, is safe.

C'mon guys............scale the chain.

[nydiacaskey01]

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

[Monnt]

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

Already there are enough measurements are taken into consideration for switching over to new encryption algorithm for protecting privatekeys of our bitcoin addresses. The same was initiated by our admin Theymos, in next 5 years it will be implemented. It was taken into consideration with the expectation of introduction of quantum computations and protecting Mr.Satoshi's ~1 million bitcoins.

Basically bitcoin ecosystem's security will not be a problem for huge price for BTC. Improved security for bitcoin system and higher prices for bitcoins will be happening side-by-side in future. I'm sure bitcoin will be achieving some huge prices like $10 million, probably in next to 10 to 20 years.

[Xester]

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

A one million US dollar per one bitcoin is not an exaggeration but rather the future of bitcoin. Possibly twenty to thirty years from now we will experience the price of bitcoin that high. It could only occur if there are at least 50 countries that will adopt bitcoin as a form of payment in exchange for goods and services then that prediction will no longer be a dream but a reality.

[adroitful_one]

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

A one million US dollar per one bitcoin is not an exaggeration but rather the future of bitcoin. Possibly twenty to thirty years from now we will experience the price of bitcoin that high. It could only occur if there are at least 50 countries that will adopt bitcoin as a form of payment in exchange for goods and services then that prediction will no longer be a dream but a reality.

Yea. It really all depends on how many people are using the coin. If 1 billion people want to use it and there's only 21 million coins, you can easily see how there's not enough to go around and the price will skyrocket.

[Csmiami]

I've seen a lot of hype around certain people predicting Bitcoin will be valued at $500,000.00 to $1,000,000.00 in the future. If Bitcoin reached $1M, that would mean 1 Satoshi would be equivalent to 10 cents USD, which could raise some issues for rounding with smaller transactions if Bitcoin gets a much wider use in the future, which could open up a whole new bucket of confusion with scaling. Would Bitcoin start being divided even more? Such as with fractions of a Satoshi?

I feel that $1 Million is a bit high of an expectation, but at the beginning $1,000.00 seemed unreal also.

So what do you guys think is a realistic "best case scenario" value for Bitcoin in the future? $10,000? $100,000?

im not believing it, if its happen, i think bitcoin will be known by government, they will limit our earnings they will put taxes on us, i believe in $5000-$10000 but it will took a way long run, it will takes years before it will be happens.

And how is the Government supposed to put taxes on BTC??

[AjithBtc]

$1 Million USD per Bitcoin is an exaggeration maybe it will reach $10,000 USD or $30,000 USD. If ever it happens that BTC is worth $1 Million, there will be a sudden increase of hackers around trying to brute force every single wallet address that they think of because the rewards is surely big specially wallets of those who are in to trading.

A one million US dollar per one bitcoin is not an exaggeration but rather the future of bitcoin. Possibly twenty to thirty years from now we will experience the price of bitcoin that high. It could only occur if there are at least 50 countries that will adopt bitcoin as a form of payment in exchange for goods and services then that prediction will no longer be a dream but a reality.

Yea. It really all depends on how many people are using the coin. If 1 billion people want to use it and there's only 21 million coins, you can easily see how there's not enough to go around and the price will skyrocket.

Agreed, the price move completely depends upon the adoption and acceptance that happen with the people around the world. Same as Japan if more Countries take part into bitcoin as quoted the usage will increase and increase in demand can be seen as the coins to be mined gets halved periodically.

[Peter789]

Hang on with the pessimism. The scalability debate, either side, is a short term solution.


https://cointelegraph.com/news/bitcoin-scalability-issue-takes-new-turn-as-rsk-ready-to-release-ginger

With RSK..the moon is in sight.

[jakelyson]

I doubt it will happen. It is already a bonus if bitcoin reaches 10K. 1M is overreaching. There is so much problem with bitcoin right now, and even if these problems are solved, 1M is just too high of a price for bitcoin.

[arwin100]

1m$ is unrealistic prediction as you can see the price right now is struggling to reach the 2000$ price level and the dump is little more freakin out right now since poloniex issue is now occuring but i still have a faith that 2000$ will be reached for this year or maybe it will surpass to that price so before thinking that price would reach to 1 million level then maybe we should stake and let the digits become 5 afterwards.

[gentlemand]

And how is the Government supposed to put taxes on BTC??

How does the government tax your business selling baked potatoes shaped like Michelle Pfeiffer for cash on street corners? You tell them. If you don't and they find out then bad things happen to you.

BTC also has the advantage of an easily traceable paper trail if you attempt to cash out in any form.

[zupdawg]

i can't think bitcoin price will reach a million dollar in value, if that happens, imagine every transaction fee will be so high and we can even move dust amounts, so it only means we need to transfer atleast $1,000 in btc value and pay like the same amount as transaction fee. no no no

[Paashaas]

Some people dont understand what the effect will be on the price with 21 million coins for 7 billion people.

In the far future when Bitcoin is working in his full potential i believe $1.000.000 will be achieved.
 

[AK47-]

The $1 million prediction seems unrealistic at present but it may happen. $1 million per bitcoin makes total of $21 trillion. Let me put some figures. At present the world GDP is almost $122 trillion. Unorganized sector which account for more than half of the world population is not even calculated in it. Many people in the world have not even access to banks. Bitcoin will give them bank account and let all humanity run their own business on global market for the first time. This is the power of bitcoin. This will make those other half count. Every villager in the amazon or congo can start up a business on some kind of global ebay and have no barriers to getting funds into his hands and spending them. Mankind's output would go exponential. GDP will be measured in Quadrillions or Septillions of dollars. So, yes it can be possible.

[carlerha]

Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.

Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.

Well yeah the Japanese acceptance of the Bitcoin has played a very positive roll on the price of the Bitcoin. The recent increase in the Bitcoin was due to the main reason of the Japanese acceptance. If more countries like Japan legalized the Bitcoin no doubt it will reach a very high price I am not sure about the Price of $1M but it really will rise high.

[cryp24x]

Just one key explanation to make it plausible if one big and influential country in the world accommodates bitcoin as legal tender will make bitcoin price increase by 20%, just waiting for news from four big countries to make price prediction come true.

Japan recently legalizing bitcoin and the price increase was because there was more investments coming into bitcoin from the Japanese market and so is the reason we had a good rally.What all countries will be legalizing bitcoin in the near future and the main thing is whether we can expect more investments from these countries to see another rally.

Well yeah the Japanese acceptance of the Bitcoin has played a very positive roll on the price of the Bitcoin. The recent increase in the Bitcoin was due to the main reason of the Japanese acceptance. If more countries like Japan legalized the Bitcoin no doubt it will reach a very high price I am not sure about the Price of $1M but it really will rise high.

I agree the price of bitcoin will definitely increase due to country adoption and several companies joining bitcoin economy but 1M BTC is too unrealistic for me.  The reason is that, the market cannot support this kind of price.  Probably 10k USD or 50k USD is realistic but 1M is too much.

[centralbanksequalsbombs]

In the next 10 years, the new all-time-high of bitcoin will be somewhere between $4,000 and $12,000USD.

In the next 15 years the new all-time-high of bitcoin will be between $6,000 and $18,000USD.