Will 1 Bitcoin will Reach 1 million usd one day?

[apsvinet]

Yah you might want to do a bit of reading on that, the rate of bitcoins coming into circulation is completely independent of the number of people mining them.

Therefore the fixed amount that are becoming available by the day or week, when sought after by a greater number of people would be likely to increase in value, not decrease.

This. Basically what separates bitcoins from other currencies regarding value determination.

[sana8410]

If bitcoin will go mainstream, I mean replacing dollars and euro and will be use as petrodollar. I think It will easily reach 1 million per unit.

[roslinpl]

If bitcoin will go mainstream, I mean replacing dollars and euro and will be use as petrodollar. I think It will easily reach 1 million per unit.

You really think so?

So how much then will cost 1 gal of a fuel?

[dotcom]

Will 1 Bitcoin will Reach 1 million usd one day? What is your opinion?

Doubt it. Honestly, before the dust settles i'd be willing to bet some altcurrency will take center stage (especially with all the public stigma attached to btc atm).

[sanjoea]

It will not reach 1 million usd , its my opinion

[1976]

Maybe one day, the world no longer use dollars.
When it happens, bitcoin will get its due position naturally.

[Spoetnigga]

Yep

[Flashman]

If bitcoin will go mainstream, I mean replacing dollars and euro and will be use as petrodollar. I think It will easily reach 1 million per unit.

You really think so?

So how much then will cost 1 gal of a fuel?

possibly $20 in 2013 dollars... which means of course that BTC would effectively be "only" 250,000 2013 dollars then... but yah, when it's a choice between grabbing the balloon that's holding level or rising only slightly or not when the floor is dropping away....

[rohnearner]

I believe people who are wasting time @ faucets for all day long think that indeed 1 BTC might be worth 1 million $ and then they will laugh from those who tell them to do not use faucets



But will they be still alieve? Or maybe you can leave your faucets earning for your grandchildren

haha so that mean future of your grandkids will be bright .!  

Naah I am not a faucet user I am only getting paid from my reffs @coinad and sometimes I visit freebitco.in to het a chance to win  0.2BTC

haha I don't know anyone who ever claimed that he/she won that 0.2BTC..! btw they just changed that 0.2BTC to  0.34181607 BTC if you roll 10000 so best of luck with that :p

[roslinpl]

well there is always a way to say this is possible/impossible

but the truth is - we do not know what is going to happen

[durrrr]

Honestly we all hope that someday bitcoin reaches $1,000,000 USD. but i dont think it will happen. it will only happen if bitcoin lives longer than i do an i wont see the day it hits 1,000,000$


10,000$ and even maybe 100,000 is possible in my lifetime if it lasts whitch i think it will

[Swordsoffreedom]

Nice put up a new number from that old 1000 dollar thread I guess I will start from the 2009 persons viewpoint
Probably not any time in the near future please just because we started adding numbers to bitcoins value we won't see it
I'll change my tune later like those early adopters who return years later XD

[BitOnyx]

Ir might eventually, especially since bitcoin naturally is affected by deflation and dollar by inflation. Problem is when.

[sbabe]

It will never happen. THE maximum price of bitcoin will be around $10000 in 2-3 years, If everything goes well.
It will reach $1000 is safe to say.

[Tonka Branded Truck]

Bitcoin is very unpredictable who knows. If that happens bitcoin economy will be same gdp as USA. Satoshi would be having 1 trillion usd.

[skeet]

It's possible to reach 1M mark if every country and it citizens around the world will accept bitcoin as online payment network just like any other online payment processor. Buying and selling consumer goods locally and internationally will boost the price of bitcoins. Worldwide acceptance is the key.

[oztusk]

will require an expansion of the btc user base/utility/demand to rise significantly.
general rule is that it will always return to any value it has acheived... more or less.
im guessing a saturation point somewhere around 2000, but as guesses go, they are usually wrong.

[Giany82]

i hope one day YES ... maybe not 1million but 50.000 - 100.000 usd !!!

[nthunder]

I think it might hit 1 million USD one day because it just has too many advantages as a mean of exchanging money. Having said that, I don't necessarily think it will replace ALL "conventional" currencies. It will probably achieve a balance at some point.

Behind the big media conglomerates (Comcast,The Walt Disney Company,21st Century Fox/News Corporation,Time Warner,Viacom,CBS Corporation) that basically decide what's "good" and "evil" for you, lies a big, huge, humongous pile of "bank money". So naturally when you are a bank selling something invented in antiquity and the 21st century comes knocking at your door with bitcoins, of course you are going to react. And the media has reacted plentifully at every sidestep of cryptocurrencies stopping short of declaring Bitcoin from hell. Although if I'm not mistaken, there are a couple of articles out there declaring them "evil". But at the end of the day it's just like gal lamps vs electricity at the beginning of the 20th century. Newspapers shouted left and right back then but nothing they said could stop electrons flowing through a wire. Similarly at the end of the day Bitcoin is a better way of transferring money and there's nothing they can do about it.

On a side note I'm all for technology and I think we should get as much of it as possible out in the open and face the challenges of this new century instead of running away from it.

Happy mining!

[keithcpaulk]

lol one million per bitcoin? That is not possible in our lifetime.
Altcoins killing bitcoin's market share.
My only worry is price drop. When i invested in some bitcoin that time price is around $850 range. But now price is going downwards.