Bitcoin Forum
October 16, 2018, 11:52:17 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: BTC 1 million dollars sooner than expected, I explain why...  (Read 2235 times)
donbu7
Member
**
Offline Offline

Activity: 119
Merit: 10


View Profile
November 27, 2013, 12:02:41 AM
 #1

There are very a few people in the world that owns at least 1 full BTC, as BTC gets so popular and many people is looking and willing to get BTC, but there are only 12 million BTC now and there would be only 21 million BTC (2140) what is going to happened is that the price of BTC has to go up to at least 1 millions dolars, so we could split 1BTC into .00000001 and by doing that every people in world could have and use mBTC or uBTC otherwise if we only remain with 12 million BTC at 1,000 usd each. there would be no enough BTC to satisfy peoples needs for it.
1539733937
Hero Member
*
Offline Offline

Posts: 1539733937

View Profile Personal Message (Offline)

Ignore
1539733937
Reply with quote  #2

1539733937
Report to moderator
1539733937
Hero Member
*
Offline Offline

Posts: 1539733937

View Profile Personal Message (Offline)

Ignore
1539733937
Reply with quote  #2

1539733937
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ssinc
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


Hash for Cash!


View Profile
November 27, 2013, 12:08:10 AM
 #2

I like your enthusiasm.

zimmah
Legendary
*
Offline Offline

Activity: 1106
Merit: 1005



View Profile
November 27, 2013, 12:55:18 AM
 #3

a lot of assumptions are made, but i think eventually the bit coin might be worth 1 million or even more.

it will probably take several years though, and it might never happen. (although i hope it does happen)

The bitcoin price will only rise to a million if it actually does become a very popular currency, and in my opinion it's on its way to become one, but it's not quite there yet.

KieranJones1
Member
**
Offline Offline

Activity: 126
Merit: 10


View Profile
November 27, 2013, 02:34:52 AM
 #4

I don't think you quite understand the way Bitcoin works, but I'm certainly not an expert, so I'll let someone else clear that up for you.

I will say this, though; remember that one million is one thousand thousand. To put it in perspective, the all-time high of the consistently highest major USD/Bitcoin exchange (Mt. Gox) so far is just short of $1000, i.e. it's at one thousandth of your "goal".

A mass sale is enough to mess with Bitcoin's stability right now, and I can see a hell of a lot of early investors cashing out their thousands of BTC once the price hits $1500, or even $1000. I think we're going to struggle for at least a week before we see a consistent +$1000 BTC value.
hiltonizer
Member
**
Offline Offline

Activity: 108
Merit: 10



View Profile
November 27, 2013, 04:24:15 AM
 #5

I think it a fools errand to speculate on valuation, and I think its almost consensus that bitcoin is a "binary investment".

It either becomes a substantial new standard and hits the moon, or is merely a relic of a 1.0 technology that has a small collectors value at best.

DarkCoin: XiZutyRTPTEFQm5aH2de2SCmzfgE6B78uK
Bitcoin: 1P4wYgkKTh3WzHUGqLFaef23bAeM4UV2jB
Light
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
November 27, 2013, 05:18:53 AM
 #6

Personally, I would wait and see if we can get some stability at ~$1000 before we consider it going up to anywhere close to a million. There's a lot of optimism now with the price skyrocketing but really I'm not sure whether we will stay there for any reasonable period of time.
maurya78
Hero Member
*****
Offline Offline

Activity: 490
Merit: 500


View Profile
November 27, 2013, 05:48:28 AM
 #7

It's a nice thought and I am all for optimism but 1m is a huge stretch even in a best case scenario

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!