1 millon for a Bitcoin is this fiction or reality?

[cyberChevan]

People says 1 BTC will be cost 1 Million do you believe in that?

It is possible but it would take many years for it to become a reality. 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. A very high number of demand is also needed in order to attain that price so Bitcoin must be known by many people. And these people should be holding some Bitcoins. If these are met, we might see Bitcoin within that range.

[albertvert]

People says 1 BTC will be cost 1 Million do you believe in that?

It is possible but it would take many years for it to become a reality. 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. A very high number of demand is also needed in order to attain that price so Bitcoin must be known by many people. And these people should be holding some Bitcoins. If these are met, we might see Bitcoin within that range.

Yes it is possible only but it's take time to reach 1million doller and so 1 million dollar for a Bitcoin is a very high value so there will be a great resistance to it and would take a very long time to be reached. So Bitcoin must be known by many people. Then only  a 1 millon for a Bitcoin is not a fiction and its came reality.

[Wexnident]

People says 1 BTC will be cost 1 Million do you believe in that?

I think that's too much but I am not saying that it is not possible. Maybe Bitcoin will only achieve that huge amount if it is already legal to most of the countries because the demand will surely be high when more people will use it as a currency. And if the demand is high, the value of Bitcoin will be expensive. But still, there'll many years to come for that to happen.

[lienfaye]

Possible but it takes a long ride, the price of bitcoin determines in the supply and demand of the users. it is derived by the number of people that want to buy and sell them. it will be good if it became reality in the future so for now let us wait and see.

[Diced90]

Its a reality that could happen if we all play a part in bringing more people to use this technology but a million dollars for a bitcoin wont be happening for the next 10 years not until we have solid regulations to avoid people investing with fear in the back of their heads.

[onrise]

As far as the price consideration from 4200 to 1 million is nothing more than a fiction. I do not say it wont rise it will but not to that extend that it can become 1 million any time. Our first target of 5k is being pending from some time  now hope so it can reach in Oct and may be 10k will also be a landmark in itself. Hope to see some good rise in coming time.

[The_Dark_Knight]

People says 1 BTC will be cost 1 Million do you believe in that?

Not in our lives, the possibility is there but it is not likely, so if you are thinking that you can become a millionaire with just one bitcoin then that is a mistake, right now you need about 230 BTC to be a millionaire in dollars, maybe in the next 10 years you could become a millionaire with 50 bitcoins but forget about becoming a millionaire with such a low amount of bitcoin.

[HatakeKakashi]

I dont think bitcoin price will reach 1million dollars because that amount is very high. Even you wait forever and you die for sure it will not happen . Because for me the higest price of bitcoin maybe 30k dollars upto 50k dollars . But it depends always on the demand on the market if the price decreass or not. But I hope the price will reach 10k dollars in the next 2 years and continue to increase.

[Kersh768]

People says 1 BTC will be cost 1 Million do you believe in that?

It's hard to tell because that's a huge amount of value for a currency, specifically digital currency. But maybe, it is somehow possible but in my opinon, it will only happen if and only if Bitcoin will be legal to all of the countries and will be used on daily basis and daily transactions because kn that way, the demand will surely increase as well as its market value that will result for Bitcoin to be that much expensive.

[talks_cheep]

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

[thecodebear]

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

Well thats not true at all. There is MANY times more money in the world than the amount needed to make bitcoin worth 1 million dollars.

[TrueCryptonaire]

People says 1 BTC will be cost 1 Million do you believe in that?

You are estimating a much less price from what I have read in an article, according to you at the price of 1 million dollars for 1 bitcoin the price of 1 satoshi will be 0.1$ but I recently read a news article in which it was written that for the price of 1 satoshi to become 1$ bitcoin price should be $10 million and thus we an aim for that only on case when masses are investing their money in bitcoin only. And i dont think that this is going to happen too soon as right now the early adapters are also not fully confident in holding bitcoin due the spreading FUD.

[BitcoinPanther]

The 1 million Bitcoin is too much in my opinion. I do not even think that Bitcoin will reach $500k.  Price increase have resistance like number of competitors that will share the market, the FUD that will stay to pull the price down, owners belief and the sell outs and whale manipulation.  I also do not think that computing the number of population or the market industry divided by the total number of coins is the correct way to compute prices.

[ragnar0k]

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins.
In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn.

If on the other hand we can steal all the gold market, it would make each BC valued at 350k.

So... 1Mn is possible, alas quite hard

Source:http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

[GreatOrchid]

That is insane, and it will never happen.. lets go people.. why are you so optimist about bitcoin ? you should better fall from the sky and understand the reality, bitcoin is never going to touch one million dollars, that is insane, i have never read to something like this before.. It is below $5000 right now, and you expect it to go to $1.000.000? seriously? imagine how much will be the marketcap if it goes to that price, uncalculeable.

[talks_cheep]

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins.
In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn.

If on the other hand we can steal all the gold market, it would make each BC valued at 350k.

So... 1Mn is possible, alas quite hard

Source:http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

$630 Trillions of derivatives are not WORTH $630 Trillions. Th that's just a number on a paper. I can issue you a note with $630 Trillion written on it, but is it really worth $630 Trillions? Nobody in his right mind would think it is.

For a bitcoin to be worth $1 million, the total market cap has to be $210,000,000,000,000. Now you tell me where are all these money going to come from?

[angaper]

The logical thing would be to think that a million dollars for a bitcoin is crazy, at least for now. But seven years ago, thinking about a bitcoin at $5,000 was practically impossible, because otherwise every bitcoin enthusiastic would have decided to hold their coins, which did not happen and that is why we see so many regrets today.

It is true that under the present circumstances it seems almost inconceivable that the price of bitcoin reaches such high prices, and I actually doubt it, but after the great surprises bitcoin has given us over the years, I believe that the btc deserves the benefit of the doubt. In the meantime, it is best to continue to work hard to increase our bitcoins and hold.

[thecodebear]

For a bitcoin to become $1million worth, do you know how much money has to flood into the market? There's not enough money in the world for that to happen. Unless the gov't around world pumps out paper money at incredible amount, and you all know what happens, right

Tldr; It's a pure fiction that a bitcoin will cost $1million. Not gonna happen. Never. Nada.

That is not true actually... Only if you count derivatives, you get 630 trillions, which divided by 23 Mln would mean 27mln per bitcoins.
In any case, the value of the money in the world is 63 tn, which, if it was all going to BC, would make it worth 3.6 Mln. So, if BC manages to get just a 25% of money market could be worth 1Mn.

If on the other hand we can steal all the gold market, it would make each BC valued at 350k.

So... 1Mn is possible, alas quite hard

Source:http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

$630 Trillions of derivatives are not WORTH $630 Trillions. Th that's just a number on a paper. I can issue you a note with $630 Trillion written on it, but is it really worth $630 Trillions? Nobody in his right mind would think it is.

For a bitcoin to be worth $1 million, the total market cap has to be $210,000,000,000,000. Now you tell me where are all these money going to come from?

You have 1 too many zeroes there. It's 21,000,000,000,000. The market cap of gold is over a third of that. But you can't readily send gold around the internet to buy things or to send money to people. Bitcoin is like gold in that it has pros as gold (store of value, hedge against bad economic times and inflation) but can be used to buy things or send money to people quickly and cheaply, which makes bitcoin much much more useful than gold as a commodity. So bitcoin one day having a market cap triple that of gold is certainly possible.

[eann014]

People says 1 BTC will be cost 1 Million do you believe in that?

Maybe it is just an imagination. We don't still know what will happen in the future. But if that’s happen, well that's good for us bit coiners who earn to have a bright future. I am not hoping for 1 bitcoin will become 1 million, I am still contented on what bitcoin have right now.

[Question123]

I dont think bitcoin price will reach 1million us dollars because that price is very big.  and I dont think the price will become 7 digit maybe 6 digit only is the hoghest price. As of now the price of bitcoin is 4300 dollars and if you compared the price of bitcoin in 1 milllion dollars is very big difference. But I hope the price will become more than 10k dollars so we can make a lot of money.