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1NV3ST0NM3
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January 25, 2018, 05:05:33 PM |
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Both John McAfee (creator of the antivirus program) and James Altucher (entrepreneur, hedge fund manager and author) have made a claim that BTC will hit $1 million by the end of 2020.
That means that the market cap will be about $20 trillion or so. If BTC is 33% of the entire market, that means the cryptocurrencies market will be a whopping $60 trillion, or 1/3 of all the money in the world.
Too crazy to happen? What do you guys think?
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@charteroakpublic
- a Telegram group with leaks from premium sources like Palm Beach confidential and more.
You know how far $1 Million still is? I think this is just a baseless claim. For a market of 20 Trillion dollar we need almost every person of the planet to come and invest atleast $2857 into bitcoin on an average. Do you really think we will be able to achieve such a per capita average this soon?? I don't really think of such an imaginable scenario. Once everyone will enter bitcoin it will just stabilize somewhere. $1 Million is big dream. |
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micheal wang
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Activity: 212
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January 25, 2018, 05:11:16 PM |
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Nothing is impossible in this world of cryptocurrency, moreover with a decentralized system so that all prices will depend on the users or supply and demand. If come many users and they interested to invest in this bitcoin this situation will make the bitcoin price will be higher. And if all the countries in the world accept bitcoin as payment I always wait for that.
Keep in mind, a few days ago one of the biggest companies in the world that's Microsoft announced that they do not use bitcoin as a transaction tool because with the reason slow transaction process and high transaction fee so they do not use it anymore.Thus the bitcoin price decreases, at all time I believe bitcoin price will reach a higher price, but we should note, can the bitcoin system satisfy its users?
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Baoo
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January 25, 2018, 05:17:01 PM |
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Maybe this an informative game from McAfee and Altucher. In order to influence public opinion, as well to believe that Bitcoin will hit 1 Million Dollars after 2 years. Also it is expected that their objective is to fame this currency , with a view to effect on many users to buy a large amount of Bitcoin. Because these two businessmen are invested a large proportion of their money in Bitcoin ( If that happens, the price will rise and their profits will be huge).
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joebrook
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January 25, 2018, 05:19:33 PM |
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If it hits that wonder what the transaction fees would be lol
I shudder to think about what fees we would be paying by then, but if the value is relative to the fees then the fees should have gone down by now but it still the same though it is slightly lower than previously but still nonetheless high in my opinion. |
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fmasta
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January 25, 2018, 05:22:51 PM |
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I think that bitcoin will still reach this cost, but this period will be more than 2 years. It is very difficult to name the date exactly. We all know that bitcoin is very promising, but when it reaches a certain price it is impossible to know.
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eldharwp
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January 25, 2018, 05:29:42 PM |
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that's a claim by John Mcafee and James Altucher and we never know cause that's only a prediction, i think it is possible but it will take long time. that's 1/3 money in the world and it should be legalise in all nation, then it will reach $1 million.
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hadveach
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January 25, 2018, 05:31:18 PM |
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I find it very difficult, I see today bitcoin is still difficult to get up. and it will take a long time to recover. whereas currently bitcoin is just a bit. but probably because the volume and spreading have not increased, so bitcoin is still below.
but we'll see from mid 2018 until the end of 2018, because many people speculate that bitcoin will reach $ 50000 by the end of 2018. and if it happens, then in the next year will reach $ 1M.
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Kavallo
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January 25, 2018, 05:42:06 PM |
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1/3 of all the money in the world? This is truly unlikely. And the price of 1 Million $ is quite unlikely too. On the other side, are there really limits to madness in this world?  |
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daniweb
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January 25, 2018, 05:44:04 PM |
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1 million $? it could be possible I guess but not in 2020. More like 2025 or plus. 1 million is a lot of money
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Chrystora123
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Omicron is another FUD
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January 25, 2018, 05:45:32 PM |
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never dream of Bitcoin's $ 1 million, Bitcoin price at $ 100000 the financial police (FPC, FDIC, NFA and Other) will be panic  |
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GC2263
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January 25, 2018, 05:52:31 PM |
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never dream of Bitcoin's $ 1 million, Bitcoin price at $ 100000 the financial police (FPC, FDIC, NFA and Other) will be panic Totally agree with you. Even at 20k, countries/government r talking about ban, control etc. can possibly see it beyond 100k without a fuss from various parties. |
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samcun
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January 25, 2018, 06:02:08 PM |
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Will Bitcoin hit $1 million? it could be bitcoin gan reach $ 1 million,Maybe because in my opinion, the world famous bitcoin, usually a good prospect would have been known to many people would be expensive and also bitcoin, because everyone knows that bitcoin is very promising for the moment and the future.
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drukoz2
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January 25, 2018, 07:13:23 PM |
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I consider this statement a little utopian. Bitcoin may well reach $ 1 million, but definitely not for 2 years. If you take a longer term - for example, 5-8 years, this figure already seems more real.
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yulchatar
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January 25, 2018, 07:19:45 PM |
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It seems to me, a maximum of 100 - 200 thousand, not more. A million is too much which will provoke some difficulties.
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Tantalala
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January 25, 2018, 07:20:51 PM |
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It's a pretty risky appreciation given the many downsides that he has to bear from time to time. Surely it will not go that far in such a short time.
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FineJuice
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January 25, 2018, 07:30:26 PM |
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I think it's possible it might hit 100k dollars in a few years, but one million? Don't think so, but we will see.
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laravuemaster
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When Football meets Crypto
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January 25, 2018, 07:31:14 PM |
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Both John McAfee (creator of the antivirus program) and James Altucher (entrepreneur, hedge fund manager and author) have made a claim that BTC will hit $1 million by the end of 2020.
That means that the market cap will be about $20 trillion or so. If BTC is 33% of the entire market, that means the cryptocurrencies market will be a whopping $60 trillion, or 1/3 of all the money in the world.
Too crazy to happen? What do you guys think?
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@charteroakpublic
- a Telegram group with leaks from premium sources like Palm Beach confidential and more.
Bitcoin will reach 1m dollar is very impossible because there are a lot of new altcoins today that are also competing in the market to increase their value. There are so much altcoins being produced by ico's and investors has a variety to choose. |
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newb-dev
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January 25, 2018, 07:31:47 PM |
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It's a lot of money you are talking about. If bitcoin will ever hit $ 1 million then I think it will be in more than 10 years from now
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darkfox12
Jr. Member
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January 25, 2018, 07:41:10 PM |
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By 2020? There's no way.
At 1,000,000, it would have a market cap, assuming continuous mining, of probably around $19 trillion, putting it on par with, or perhaps slightly ahead of, the intrinsic value of all gold ounces on this planet. The only way to achieve this would be the rapid and mass adoption of BTC worldwide. I don't see what could drive such an event in the next 2 years.
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