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Author Topic: $10million in 2023 possible?  (Read 604 times)
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August 20, 2018, 07:27:04 AM
 #21

Fucking hell, let’s get to $100,000 (which will still take a while) before we start imagininf $10,000,000 per coin.

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August 20, 2018, 10:36:47 AM
 #22

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
If one bitcoin becomes 10 million dollars, it will be more than any other investment type ever in history of the earth.
There are roughly 18 million bitcoins in the world (lets assume it stays this way because we can't exactly calculate how many it will be in 2023 and I am really tired Cheesy ).

If 18 million bitcoins worth 10 million each. That would make the total market cap of bitcoin into 180 TRILLION DOLLARS. I am not kidding, that is one hundred eighty trillion dollars, no I did not put one extra zero anywhere. To put into perspective NYSE is the biggest stock market in the world with 20 trillion dollars and NASDAQ as the second at 8 trillion dollars. Do you really think that bitcoin alone itself can worth 10 times the amount of NYSE ?

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August 20, 2018, 11:44:32 AM
 #23

Bitcoin will continue to increase. That is a fact. However, it will not be able to reach $10m in 2023 because it is not about calculation because the bitcoin price is unpredictable, but it is about how far will these government and their ban to bitcoin will keep spreading. We know that bitcoin is gaining its popularity. But right now, it is facing many obstacles and hardships, and I am not sure whether they will end or not. For now, let us all be patient.


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August 20, 2018, 12:16:38 PM
 #24

That's just wishful thinking. 2023 I would already be happy to see $100k per Bitcoin.
Gosh I don't even expect Bitcoin to be worth a million dollars within the next 20 years to be honest.
So no $10mio until 2023 in completely nonsense!
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August 20, 2018, 01:40:55 PM
 #25

For the next halving bitcoin will set target for 30k$ and will raise more than 30$ and than we will see some consodilation.
But for 2023 i do not think that bitcoin will hit there. But for sure halving rockets the bitcoin prices cause of mining costs.


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August 20, 2018, 04:07:42 PM
 #26

in early 2018 many said the price of bitcoin would reach 50k - 100k, I was afraid this would also happen to your predictions. maybe many people say wtf when reading this thread.

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August 20, 2018, 04:17:55 PM
 #27

Fucking hell, let’s get to $100,000 (which will still take a while) before we start imagininf $10,000,000 per coin.
LOL, I think they are too far in thinking about rising prices. well, right, even $ 100,000 might be a big challenge that year. besides, don't expect prices to be too high, because that can be a source of frustration.

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August 20, 2018, 04:31:09 PM
 #28

But will the holders really wait to that price point before they even sell? If we have learned in its price they don't wait for a certain price before they sell. You can see that before BTC even hit 20,000$ people started selling their BTC and officially started the bear market. People are so eager to take profit they don't care ahout a certain price point anymore. This greediness I see on each individual is I think thereason why BTC won't go up to a really big number. And 10 million $ is really an unreasonable number to target with.

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August 20, 2018, 04:34:36 PM
 #29

This is my favorite model so far when it comes to framing the impact of halvings on the price:



So if we are going to use that channel, frammed within the halving periods it could mean that we would hit $100,000 somewhere around 2020-2021 period.

Worst case scenaro, we stay within the lower bracket of the channel, which would mean delayed in as much as 2024 or so.

If it goes parabolic mode it could hit higher valuations. I mean the McAfee prediction is still not insane, it got way ahead of the McAfee $1,000,000 by dec 31 2020 curve by a ton during $20k peak so there is a big margin to have during this bear market. It could still go parabolic and hit $1,000,000 for all we know.

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August 20, 2018, 05:29:51 PM
 #30

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.

There will not be $10 millions BTC anytime in 2023. Unless USD totally lose value.    Also I am wonder if they mention halving, why they bother with 2023. Halving will be on 2024. And drastic prices increases come with a delay of halving. So if they would expect $10 millions BTC at 2025, could at least have a tiny bit of sense.

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August 20, 2018, 08:53:03 PM
 #31

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.


c

Depends what you smoke.If btc will reach 100k$ than usd is over but we will have war than
dollar is not safest currency in the world euro is also problematic
But 10 mln $ for 1 btc
In a time of big depression one suitcase of Deutsche mark was worth packet of matches


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August 21, 2018, 03:32:43 AM
 #32

Anything that is possible in the cryptocurrency market. But we can not fully assume that it will be 100 million dollar in 2023. The whole cryptoconcular market is an unstable market. It is sure that the price of bitcoin will be increased, but we can't assump exact figure.
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August 21, 2018, 05:19:45 AM
 #33

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics.

actually predictions like these are the worst things that can happen to bitcoin because they are practically encouraging people into thinking that they can become rich with bitcoin just by holding it. and eventually they are advertising the "get rich with bitcoin" way of thinking which is terrible because bitcoin was never meant to be used like that. bitcoin is meant to be a currency which you use just like you use any other  currency not just an investment you hoard in hopes of getting rich.

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August 21, 2018, 05:22:37 AM
 #34

At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving — due in mid-2020 or in 644 days — will see the block reward reduce from 12.5 BTC to 6.25 BTC, while What’s On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.

These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.


c

Depends what you smoke.If btc will reach 100k$ than usd is over but we will have war than
dollar is not safest currency in the world euro is also problematic
But 10 mln $ for 1 btc
In a time of big depression one suitcase of Deutsche mark was worth packet of matches

I fail to see a connection.
Berskshire is at 314.6K/share.
Does this affect the $?
Absolutely not.
BTC is just a very rare asset (there are not many btc and getting them is hard).
I don't see any relation to inflation.
BTW, it had no relation to inflation between 2010 and 2017 (it was a penny or below on 2010).
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August 21, 2018, 05:28:47 AM
 #35

Bitcoin prices have risen more than before and will grow further in the future. But it is not absolutely sure Bitcoin can get 100m in 2013. It really depends entirely on time, over the entire cryptomarket nd on investors.
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August 21, 2018, 06:41:03 AM
 #36

The analysis was really good. Hopefully, I will be more benefited by this analysis will motivate to invest again. And many new investors will be interested in investing in bitcoin and will have the courage to bear patiently.
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August 21, 2018, 09:05:50 AM
 #37

i think it can be possible.But we have able to  manage that much bitcoin. if you can manage it  i think you can gain $10 million within 2023.
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August 21, 2018, 09:15:17 AM
 #38

Bitcoin prices have risen more than before and will grow further in the future. But it is not absolutely sure Bitcoin can get 100m in 2013. It really depends entirely on time, over the entire cryptomarket nd on investors.
You confuse $10million in 2023 and $100million in 2013. How can you be sure? Grin if I know for sure I will sell all my assets now to buy Bitcoin.

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August 21, 2018, 09:19:53 AM
 #39

well as per the market is growing we can definitely hope for something positive but ensuring anything is hard cause this business is very tricky and many factors fall impact on the market so this kind of situation prediction does really work
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August 21, 2018, 09:27:13 AM
 #40

it is true that each time we have had a halving in the past, price has gone up a lot before and after it but you should know that the reason for those rises weren't having on its own.
halving is just affecting the supply not the demand. all this time price has been rising because the demand has been rising and when halving happens the effect of increased demand becomes more palpable so is the rise.














 

 

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