Bitcoin for $1 Million !!! In ten years?

[charmaine08]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

 Yes it is not impossible that the bitcoin will take that rate , I support it .

[cuteman]

Is it possible that in ten years bitcoin worth 1 million $?Of course it is possible,but in my opinion it is difficult to achieve that goal.To achieve this, there should be a steady growth of 50%+ over the next 10 years,which certainly is not impossible if we take into account this year's level of growth.

If you look into the top of the chart, you will see the annual growth mentioned there:  
2012 -  694%
2013  - 446%
2014  - 339%
and so on.

- so far growth is much more that 50% a year.

1 year ago price was about $1k - which means 8x (!) increase over a single last year 

[cuteman]

In my opinion this won't ever happen. Fees will become too high and who could possible invest in bitcoin at that price?
Lets say someone want to invest in bitcoin 1000$. With million $$ price investor will get 0.001BTC and will pay 500$ fees for next transaction.
It is easiest example why bitcoin can't reach million dollars.

There will be definetely bitcoin  network scalability improvements on the way. Next year a lightning integration is planning.  As mentioned on their web site :

Scalability. Capable of millions to billions of transactions per second across the network. Capacity blows away legacy payment rails by many orders of magnitude. Attaching payment per action/click is now possible without custodians.

Low Cost. By transacting and settling off-blockchain, the Lightning Network allows for exceptionally low fees, which allows for emerging use cases such as instant micropayments.

[Tyrantt]

Well if you look at it, it's not impossible. Day by day we see more businesses that implement bitcoin and more people investing and getting into bitcoin. When I got into bitcoin and started learning and earning it, I knew 1 person that actually knew what btc is and today every other person knows what it is and a few that started mining btc with alts and investing in it. I wouldn't say 1mil but somewhat close to that but certainly over $500k for sure. And when bitcoin get's to the price of over $20k we might see some of the biggest investors out there, we can see taht rise even today.

[Lucius]

Is it possible that in ten years bitcoin worth 1 million $?Of course it is possible,but in my opinion it is difficult to achieve that goal.To achieve this, there should be a steady growth of 50%+ over the next 10 years,which certainly is not impossible if we take into account this year's level of growth.

If you look into the top of the chart, you will see the annual growth mentioned there:  
2012 -  694%
2013  - 446%
2014  - 339%
and so on.

- so far growth is much more that 50% a year.

1 year ago price was about $1k - which means 8x (!) increase over a single last year 

This is true,BTC price increase is incredible over the years,and this year is really great.The question is whether such growth can continue in the next ten years,because in that case we will reach 1 million $ long before the period of ten years.I just gave an example what price will be if we have only 50% increase every year.But we do not know how hard/easy will be to go from 10k$ to 100k$,high price will probably bring a slower growth.

[cuteman]

Today, during 1 day Bitcoin has 6% increase, from 8200 to 8700  

Though this is not an indicator, but I was expecting this from day to day.

[Omega Weapon]

Impossible in that short time!  That is what i can say.  It needs a huge capitalization. I think it would be at $50k ranges.  I believe $1M bitcoin is insane and even if the price of bitcoin is unpredictable, in just a short period of time, I strongly believe Bitcoin will never reach that price in 10 years time.  Though I would be glad if I am wrong in my point of view though.

I agree with this, bitcoin is growing and in ten years the growth it is going to continue but to think it is going to reach 1 million dollars for bitcoin is to not have our feet on the ground, we will need that almost all the economy of the world to begin moving in bitcoin or we are going to need a severe economic crisis that creates huge inflation at that point 1 million dollars will not be much money, and neither scenario seems that likely.

[HatakeKakashi]

Don't expect too much in bitcoin because even you wait more years or even hundreds years the price of the bitcoin will not reach 1million dollars. I think we need to talk abouy the price of bitcoin possible to become 10k this year . For me the highest price of the bitcoin is 50k dollars only. But everything is possible to happen but we don't know what is the price of bitcoin if it's increase or decrease.

[cuteman]

For me the highest price of the bitcoin is 50k dollars only.

I wonder what would you say 5 years ago (when bitcoin was $5) about future prices?   Maybe that highest price would be $50 

Hey guys, BTC rose 1600 x times since 2012.   If you apply even 10x increase to the current price, you will be close to 1M already 

[Killmepls]

The BTC will not cost 1 million net dollars, what will happen is that it will replace the dollar and allegorically it will cost the value that represents one million dollars today, but that can happen through many factors, that we all have access to one million dollars. dollars, that the dollar ceases to exist or whatever.

[santieevanz]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Well based on my observation, bitcoin will increase in the future but still it is so unpredictable because sometimes the value of it decrease. I guess that the highest price of the bitcoin is 45K dollars. But who knows, maybe after 10 years it will reach $1 Million.

[theunbeatable]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Not a bad statistics from the gold of the internet. As a commodity, it is obvious that bitcoin will reach these price. I wonder how long the whales are gonna hold and how people will react to these. If we think that whales are controlling the price,maybe for now, but if they will start to sell their coins, scattered people will buy them slowly. This moment will come and lets see whats price will whale sell their bitcoins.

[birra guzez]

Even tho that such charts are based on logical interpretation of what we lived and are living now and that this makes sense in a certain way , but we don't really know what other parameters could make a variety of different obstacles to bitcoin's growth and we already saw this lately when china banned bitcoin trading and made companies acquire licences to be able to trade in a hopeless move of the government to gain control on bitcoin traders . A massive increase in electricity costs around the world could be a certain fall off of bitcoin's industry too since it is draining a hell of energy to get it's value from and this could mean the extinction of man kind if we run out of electricity .

[komjhq]

Chart from 2014, when Bitcoin was $300, predicted price of $10k for today — Nov 22nd, 2017.  

We're at $8,200.  (If we add Bitcoin Cash and Gold prices, we'll get close to $10k).

Next milestone on chart: $100k in summer 2021.   And next: $1M in 2027.

Not a bad statistics from the gold of the internet. As a commodity, it is obvious that bitcoin will reach these price. I wonder how long the whales are gonna hold and how people will react to these. If we think that whales are controlling the price,maybe for now, but if they will start to sell their coins, scattered people will buy them slowly. This moment will come and lets see whats price will whale sell their bitcoins.

I am very surprised by such forecasts regarding the price of Bitcoin, but I also really hope for the huge growth of Bitcoin. Maybe somewhere in the future Lol, I will become a huge whale too.

[cuteman]

A massive increase in electricity costs around the world could be a certain fall off of bitcoin's industry too since it is draining a hell of energy to get it's value from and this could mean the extinction of man kind if we run out of electricity .

I would disagree:  electricity consumption benefits to economics, it creates workplaces, gives good income to power generating companies, and transfers taxes from them to governments.  

Fears of running out of electricity have on basis, because there is nearly endless power source from solar, sea, water etc. energies, though some of them are quite expensive now, bit this is chaging rapidly.   Take for example Tesla solar roof tile - it will cost similar to ceramic shingles, but brings free power .

[cuteman]

Bitcoin nearly reached $9500 now, so the chart's prediction of $10k price on Nov,22nd  is not too far from reality 

[Vaoric]

Bitcoin price can grow till infinity but it will not happen. Eventually we reach a price where the market will be stable. My guess is that we reach this price in a couple of years.

Remember that when big WS money comes in we may see the price manipulation stop.

[romero121]

Maybe soon or later it reaching $1m has got more chances. In ten years time, the growth in terms of user as well price will increase, because the user network at present hasn't reached even 2% of the population of the entire world.

[omonuyak]

This is a very nice view on  what has happened as interpreted on this chart. Bitcoin has make a very significant progress since the beginning of this year till now and this chart prove that this movements did not start from now but way back 2014 and we are heading toward $100,000 maybe before 2025 as pointed out by this chart. I have been trying to increase my knowledge on the reason why bitcoin has been increasing in price and how to track this movements for the benefit of not selling my coins too early.

[cuteman]

Another pretty chart  




- this I would not believe though       as it shows 100x price next year