1 BTC = 1,000,000 usd

[jojo69]

[Rupture]

Not in our lifetime

[Ruzka]

I would shit myself.

[adamstgBit]

i would hold, lmao as everyone runs to the banks.

[antimattercrusader]

I think it will probably exceed this amount suprisling soon.

That said, it might also take a wheel borrow full of cash just to buy a butterfinger bar. Hyperinflation is a bitch!

[bitcon]

when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

[neutralist]

When the last coin is mined.

And we will all be long dead on that date.

Well, except for me, because im gonna get cryonic-ized in a vat of liquid nitrogen and get revived.

Not if hash rate increase continue to outrun diffculty increase.

[djarot]

$1 M .. No Way 

[alexeft]

Yes way IMO!

[Valerian77]

when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

That is one important point. At most there is an upper limit by 1 BTC = 1 mio USD. This is because of the divisibility:

1 BTC = 10E-8 Satoshi   and   lowest USD unit is 1 Cent

This implies    1 USD > 100 Satoshi

And vice versa     1E6 USD > 1E6 * 100 Satoschi = 1 BTC


The open question is then if the market can pump up the Bitcoin from its current level to above 1E5 USD.

[pabloangello]

There will be 21 000 000 bitcoins.
If 1BTC would be 1 000 000 mln dollars then I ask

is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)

[jzcjca00]

Do you think BTC will ever cost a millon dollars?

When?

Yes, definitely!

The national debt of the U.S. already exceeds its GDP.  There are only two ways out of this situation -- fiscally responsible spending or hyperinflation and collapse of the dollar.  You've seen the way things are going.  Do you really think the U.S. government is suddenly going to become fiscally responsible?

[Wilhelm]

Do you think BTC will ever cost a millon dollars?

When?

Yes, definitely!

The national debt of the U.S. already exceeds its GDP.  There are only two ways out of this situation -- fiscally responsible spending or hyperinflation and collapse of the dollar.  You've seen the way things are going.  Do you really think the U.S. government is suddenly going to become fiscally responsible?

Lol you made the comment I wanted to make. This holds true for every country btw .

A better question would be "When can I buy a Bar of gold with one BTC" or "When can I retire (with no loss in income) if I have 1 BTC an average job"

[Come-from-Beyond]

Do you think BTC will ever cost a millon dollars?

When?

Yes.

Soon.

U will be able to buy 2 cups of tea for that million bucks.

[Valerian77]

There will be 21 000 000 bitcoins.
If 1BTC would be 1 000 000 mln dollars then I ask

is there 21 000 000 * 1 000 000 == 21 000 000 000 000 dollars in the world? (21 trillion dollars)

That is the magnitude:
http://www.tradingeconomics.com/united-states/money-supply-m1
http://en.wikipedia.org/wiki/Money_supply

[Shermo]

Surely the more tangible question should be, when will 1BTC buy me a huge house with a swimming pool, a Lamborghini, a Porsche for the missus and still leave me change for a around the world cruise and put my kids through private education.

[Odrec]

when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

That's precisely what I fear, that we're living in a dream and we are on for a harsh awakening I hope I'm wrong

[JimboToronto]

when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

How about 38 months ago when a bitcoin was worth less than a dime? $100 was a pipe dream.

Now the "crashes" in June 2011 and April 2013 seem like minor corrections along the way. Some day we'll see the crash from $2000 to $350 the same way.

Hold, hold, hold.

[wobber]

when 1 bitcoin was worth just three USD a couple years ago most said todays value would be a pipe dream.

How about 38 months ago when a bitcoin was worth less than a dime? $100 was a pipe dream.

Now the "crashes" in June 2011 and April 2013 seem like minor corrections along the way. Some day we'll see the crash from $2000 to $350 the same way.

Hold, hold, hold.

Holding is damn hard when you have to pay in fiat to live. Bitcoin can't be used for that so far. Until somebody manages to make a killer app or implement it so I can buy things, it's just a very good speculative instrument. And for me that is like taking your wobber out and pissing on bitcoin's ideology.

Bitcoin is gonna crash soon as everybody cares either for more fiat either for more fiat (you can see screamers saying they want more coins but in fact they want more coins to have more fiat)

Game over.

[chaosknight]

Most people would sell at $1000 so $1,000,000 is impossible...