MichaelAguilar.90
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April 07, 2014, 11:24:01 AM |
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Nowadays the BTC is about 457 USD, from a wonderful 1000 USD in 2013, the situation that is happening around the world are causing that the price of the BTC is getting lower. Seems pretty hard that one day the BTC reach the 1 million USD.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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Holdaaja
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April 07, 2014, 11:25:43 AM |
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Nowadays the BTC is about 457 USD, from a wonderful 1000 USD in 2013, the situation that is happening around the world are causing that the price of the BTC is getting lower. Seems pretty hard that one day the BTC reach the 1 million USD.
Now we go down but next direction is up! We can't be at ath all time  |
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ChuckBuck
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April 07, 2014, 12:53:25 PM |
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Nowadays the BTC is about 457 USD, from a wonderful 1000 USD in 2013, the situation that is happening around the world are causing that the price of the BTC is getting lower. Seems pretty hard that one day the BTC reach the 1 million USD.
Now we go down but next direction is up! We can't be at ath all time Yes, all we got to do is wait for that climb back up. The only question is when. |
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Rampton
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April 07, 2014, 01:21:19 PM |
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It'd only reach near 1 million if bitcoin became mainstream.
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bryant.coleman
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April 07, 2014, 01:38:53 PM |
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Nowadays the BTC is about 457 USD, from a wonderful 1000 USD in 2013, the situation that is happening around the world are causing that the price of the BTC is getting lower. Seems pretty hard that one day the BTC reach the 1 million USD.
If it can reach 1K, then it can reach 10K also, if not 1 million. Temporary dips can't be given as a justification for the low future price. |
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Holm
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April 07, 2014, 01:51:24 PM |
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Nobody knows
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apsvinet
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April 07, 2014, 02:04:14 PM |
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It'd only reach near 1 million if bitcoin became mainstream.
If it became mainstream, and everyone owned at least 1 bitcoin, do you really think it'd be worth a million dollars? |
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bitpop
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April 07, 2014, 02:06:54 PM |
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It'd only reach near 1 million if bitcoin became mainstream.
If it became mainstream, and everyone owned at least 1 bitcoin, do you really think it'd be worth a million dollars? You can't own that many |
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apsvinet
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April 07, 2014, 02:08:29 PM |
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It'd only reach near 1 million if bitcoin became mainstream.
If it became mainstream, and everyone owned at least 1 bitcoin, do you really think it'd be worth a million dollars? You can't own that many Oh yeah. That's right. Well, as there are only limited amounts of bitcoins as I just realized, and they're already owned by people, bitcoin will hardly become mainstream, then. |
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bitpop
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April 07, 2014, 02:10:34 PM |
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If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
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Holdaaja
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April 07, 2014, 02:20:48 PM |
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If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
Actually less because some bitcoins have been destroyed. |
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bryant.coleman
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April 07, 2014, 02:38:32 PM |
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If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now. |
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Holdaaja
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April 07, 2014, 02:39:44 PM |
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If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now. But there is a lot other people too |
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Kiki112
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April 07, 2014, 08:39:47 PM |
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If 21 million people need to store $1 million, a Bitcoin must be worth $1 million
The problem is that there are only 10,000,000 millionaires in the world right now. But there is a lot other people too yep, we have potentional to reach the price we just need to increase the demand, slowly but steadily  |
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egghead123
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April 07, 2014, 08:45:21 PM
Last edit: December 30, 2016, 07:14:26 PM by egghead123 |
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Will 1 Bitcoin will Reach 1 million usd one day? What is your opinion?
I can bet that it will nnever hit 1m $ Or if a breed will cost399 $ then it is possible :-) Or maybe you mean Zimbabwr dollars:-) I don't think a bitcoin will ever reach that without some kind of hyperinflation and diverstity in the crypto currency sphere where there are other strong competitors but blockchain is the most viable technology for growth.This is what will gain adoption.I think it will drop back way further next year to shake out bagholders and then return to around the same price and either rinse and repeat or go up further before dumping again.You could see it go as low as $200 before it returns to its ATH somewhere late 2016 early 2017.I have built some AI neural data models that I intend turning into visual graphs to display clear patterns for trading bitcoin but its difficult with a market so volatile and unpredictable. |
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bryant.coleman
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April 08, 2014, 03:52:59 AM |
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But there is a lot other people too How many? There might be only a limited number. OK... let's say 15 million people with net-worth of 1 million or more. And what percentage of their wealth will be in BTC? In the near future, we can say a max. 10%. So here is the calc. 15 m * 2 m USD (average net worth) * 10% ==> 3 trillion USD. |
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john641
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April 08, 2014, 03:59:43 AM
Last edit: April 08, 2014, 04:16:56 AM by john641 |
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If those 1 million millionaires bought at least 1 million usd worth of bitcoin, believe me the price of bitcoin will be greater than 1 million usd each. Don't forget the word speculation.
Do you believe if you have 12 million bitcoins you can sell it for $450 each and get $5.4 billion? Do you believe if you have $12 billion you can buy 12 million bitcoins $1000 each? Do you believe if you have $120 Billion you can buy 12 million bitcoins $10k each? The big answer is no. Because once you keep buying the price will keep rising because of speculation and hoarding.
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bryant.coleman
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April 08, 2014, 04:08:44 AM |
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If those 1 million millionaires bought at least 1 million usd worth of bitcoin Why would they decide to convert 100% of their assets to Bitcoin? No one in their right minds would do that. At the most, we can expect 10%, or more realistically 1% to 2%. |
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darthcoin
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April 08, 2014, 08:49:12 AM |
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I doubt it would, at least in this time
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Bitcoin Fiction
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April 08, 2014, 09:43:09 AM |
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I doubt it would, at least in this time
And in the other timeline bitcoin is distributed as much as dollar and dollar itself is struggling on 500BTC per $ ? :O |
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