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Author Topic: Will Bitcoin hit $1 million?  (Read 783 times)
pealr12
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May 27, 2018, 09:02:10 PM
 #61

It cannot, imposible  for bitcoin to hit that super high price.  We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.
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May 29, 2018, 10:56:18 PM
 #62

It cannot, imposible  for bitcoin to hit that super high price.  We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.
It is certainly not going to reach dollar 1 million this year or in the coming couple of years. But there are maximum chances for it to be at this price by the end of coming score. This is indeed very high price but nothing is impossible for bitcoin with the maximum support from people. When the demand of bitcoin will increase in the market, the prices are going to skyrocket automatically. So I think bitcoin can touch it. 
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May 29, 2018, 11:15:48 PM
 #63

There seems no such favorable situations for bitcoin to reach such a price.Its already struggling to cross the 10,000 dollar mark due to continuous FUD.Bitcoin holders now would not be dreaming about such price and they would be happy even if it crosses the 10,000 dollar price.

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May 30, 2018, 12:14:21 AM
 #64

It cannot, imposible  for bitcoin to hit that super high price. 
It is possible but the possibility is very low now. We've riding these high speculations and so gullible to believe that it will and after I knocked my head off, I woke up in real world that I might not able to see it or if it will I have few bitcoin on hold by that time or how I wish I still have some left.

We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.
You have the point, there will be massive growth but hitting $1,000,000 is still questionable.



 

 

 

 

 

 


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May 30, 2018, 03:20:38 AM
 #65

There seems no such favorable situations for bitcoin to reach such a price.Its already struggling to cross the 10,000 dollar mark due to continuous FUD.Bitcoin holders now would not be dreaming about such price and they would be happy even if it crosses the 10,000 dollar price.
Well it seems $1 million worth per bitcoin is still questionable due to FUD but we should accept the truth that there's a possibility even if it is a low chance. Cryptoworld is still full of surprise since it is unpredictable so who know? Maybe someday we woke up that bitcoin is now tremendous. Anyway, all of that is just speculation and all we can do now is to believe upon it.

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May 30, 2018, 08:45:48 AM
 #66

No, there's not chance the price of the bitcoin hit $1 million by the year of 2020 because the price is unstable and maybe we see only $1 the price on that year or it will become zero.
But I hope bitcoin will still alive in the year 2020 so we can make more profit.
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May 30, 2018, 12:10:32 PM
 #67

No, there's not chance the price of the bitcoin hit $1 million by the year of 2020 because the price is unstable and maybe we see only $1 the price on that year or it will become zero.
But I hope bitcoin will still alive in the year 2020 so we can make more profit.

Bitcoin will be still alive in 2020. I have no doubt about it. Only price is unknown. Predicting what will be in two years in the case of cryptocurrencies is pointless. However, $1 million seems to be a highly overestimated value.
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May 30, 2018, 03:19:18 PM
 #68

This has been topic for some time now, bitcoin will ever hit $1 million? well we can argue that it is unpredictable and it may happen but this feat to happen requires tons of newbies not excluding those type of people who want to become rich overnight just because they are hype by something or their friends thus creating huge fluctuations of decreases due to these people who don't reach their expectations, it's gotta be a swing of prices back and forth never touch that prediction.
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May 30, 2018, 03:43:39 PM
 #69

I think bitcoin will hit 1 million dollars. There are many rumors stating US dollar may lose reserve status in trades. Countries started experimenting with different reserve notes.. This may pretty much reach some point where everyone starts using crypto, meaning bitcoin.

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andrei56
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May 31, 2018, 02:32:26 AM
 #70

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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Do not rely on predictions like that they are just trying to bring attention to themselves by claiming those numbers and in the case of Mcafee claiming that he will eat his dick if that does not happen, look for more serious people when it comes to predictions and even better try to create your own predictions even if you fail that is the only way to improve your ability to predict the direction and the size of the movements of the market.
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May 31, 2018, 02:36:19 AM
 #71

too late for us

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May 31, 2018, 04:17:40 AM
 #72

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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-
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@charteroakpublic
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Like you said, too crazy to happen. It's ambitious and actions like these make it hard for people to understand the true value of cryptocurrencies or blockchain technologies, as they limit it to only monetary functions.
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May 31, 2018, 05:15:24 AM
 #73

I think that $1 million is way too much for bitcoin in 2020. It is possible to hit that number but 2020 is just too soon.
There are still quite a lot of panic sellers believing in FUD-causing speculations which contributes mainly to the dip of the value.
Though I don't know, bitcoin is really unpredictable.
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May 31, 2018, 06:12:18 AM
 #74

I think that $1 million is way too much for bitcoin in 2020. It is possible to hit that number but 2020 is just too soon.
There are still quite a lot of panic sellers believing in FUD-causing speculations which contributes mainly to the dip of the value.
Though I don't know, bitcoin is really unpredictable.
Bitcoin is unpredictable indeed so we do not know how much bitcoin will hit by year 2020. But some already said bitcoin price can hit the high price this year 2018. The actual price is we do not know yet since it is unstable. Maybe it is not possible to hit $1m so we should be observe then.
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June 01, 2018, 10:26:38 AM
 #75

It cannot, imposible  for bitcoin to hit that super high price. 
It is possible but the possibility is very low now. We've riding these high speculations and so gullible to believe that it will and after I knocked my head off, I woke up in real world that I might not able to see it or if it will I have few bitcoin on hold by that time or how I wish I still have some left.

We know bitcoin is already known worldwide and new adopters are entering the world of crypto but it doesnt mean that it will hit that price.
You have the point, there will be massive growth but hitting $1,000,000 is still questionable.
Bitcoin has the potential and strength to achieve any highest possible value and this is related and linked with a factor called demand factor which controls the price of Bitcoin. This demand factor is controlling by the people living in this world some know about the coin and some do not know about it. The Bitcoin will hit any highest possible value if we the people show any good reaction.
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June 01, 2018, 09:27:15 PM
 #76

I think bitcoin will hit 1 million dollars. There are many rumors stating US dollar may lose reserve status in trades. Countries started experimenting with different reserve notes.. This may pretty much reach some point where everyone starts using crypto, meaning bitcoin.
We don't say this possiblities because 1 million dollar is really big money so this is not possible in future. I think all the countries are implementing the Bitcoin Legalization in future and price also maintain in future so we don't expect the big pump in future but some standardise value is fixed in the market.

 
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June 01, 2018, 10:12:26 PM
 #77

Well i don't think that Bitcoin market value will ever reach such height and i think with such speculation, Bitcoin is over value by who ever believe in such speculation.
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June 02, 2018, 01:12:22 PM
 #78

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?

-
-
-
@charteroakpublic
- a Telegram group with leaks from premium sources like Palm Beach confidential and more.
If the rise of high demand in Bitcoin will drive its price then it is possible to reach that price. Maybe it will happen but not in 2020, for me its unrealistic its a crazy bet for McAfee a $100,000 per Bitcoin maybe close to reaility.
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June 02, 2018, 01:27:10 PM
Last edit: June 03, 2018, 11:37:02 AM by fabiorem
 #79

Yes, but before it, there will be a lot of State opression, backed by the nocoiners, which will be the majority. Governments will do their most to take the coins from the users, since without control over money, they dont control anything.

Wences Casares predicted 1 million between 2022-2027. I think something between 2025 and 2027 is more accurate. But I have to say, that I'm fearful about it, because in this scenario, any dump from a dozen whales can bring down entire countries.

Bitcoin needs to have a wider distribution, and thats why people should not cry during these bear markets. They are a chance for new blood to jump in. But we cant have new blood with the current KYC bureaucratic model, we need decentralized exchanges, with some degree of privacy.

Since the persecution is inevitable, my guess is that the whales will awake to the need, in the future, to have a place only for bitcoiners. I read this piece of fiction here: https://www.reddit.com/r/Bitcoin/comments/1lfobc/i_am_a_timetraveler_from_the_future_here_to_beg/ and I find the mention of "citadels" very interesting. Whales which will become trillionaries will want to build places like that.
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June 02, 2018, 03:12:19 PM
 #80

Well i don't think that Bitcoin market value will ever reach such height and i think with such speculation, Bitcoin is over value by who ever believe in such speculation.
It cannot hit $1m for bitcoin market in just 2 years, many predictions goes and existing it will true once it reach. Time pass by same also with bitcoin price it is really volatile. If demand boom in crypto market I can say bitcoin price will increase but we do not know indeed when.
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