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Author Topic: When bitcoin will hit $1 million !  (Read 952 times)
posi
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October 24, 2019, 06:11:50 PM
 #121

Bitcoin @ $1 million,  that's so huge!  Perhaps in the next 50 years, Lots of  adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.
I remember the days when bitcoin price was about nine hundred dollars, at that time nobody thought that bitcoin will reach to $20k (in 2017) and that was all because nobody knew much about bitcoin, only limited people were aware of this coin, after that its publicity was increasing and more people was adopting it, now if we look at the progress of bitcoin we can predict that a time will come that the price of bitcoin will be $1 million may be five or ten years later.
That price could be reached during the time you give for your prediction to become true but I do not like to give such specific predictions because then it is almost natural to try to interpret every signal as a confirmation that your predicted scenario will happen, while it is obvious I will never be opposed to reaching that price, if bitcoin only reached half or even a quarter of that I will be excited about it because at that point my life will be improved beyond my wildest dreams.
There are many predictions regarding when the bitcoin price will hit a million-dollar price tag. the most famous prediction is the one made by the tech millionaire Mr. Jonh McAfee, which he predicted the bitcoin price will hit $1 million by the end of December 2020. Personally, I think for bitcoin price to reach $1m price tag would take 10-15 years in the future.

Jonh McAfee Prediction URLs:
https://thenextweb.com/hardfork/2019/10/03/satoshi-nakaboto-john-mcafee-reiterates-his-2020-1m-bitcoin-price-prediction/
https://blockonomi.com/john-mcafee-defends-1-million-bitcoin-price-prediction/
John McAfee prediction can't be take serious cause he's just a person that did something for his own selfish reason in the crypto sphere but the total 21millions coin will be mine before Bitcoin can clinch $1million per coin.

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watergold
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October 24, 2019, 06:41:59 PM
 #122

Bitcoin @ $1 million,  that's so huge!  Perhaps in the next 50 years, Lots of  adoption will have taken place, demands will also be high to drive the price to such, but it looks practically impossible because the market cap of bitcoin will be so mind blowing. That's running more than trillions
One of the things with bitcoin is that it keeps surprising us, there was a time when people in the forum were looking for what they called parity, that one bitcoin was equal in value to one dollar, and many thought it was impossible and yet it happened, many thought it was impossible to reach 1000 dollars per coin and yet it happened, so one million dollars for each coin may sound impossible to us but if the correct set of circumstances happens it could be possible for bitcoin to reach that price in the far future.
I remember the days when bitcoin price was about nine hundred dollars, at that time nobody thought that bitcoin will reach to $20k (in 2017) and that was all because nobody knew much about bitcoin, only limited people were aware of this coin, after that its publicity was increasing and more people was adopting it, now if we look at the progress of bitcoin we can predict that a time will come that the price of bitcoin will be $1 million may be five or ten years later.
That price could be reached during the time you give for your prediction to become true but I do not like to give such specific predictions because then it is almost natural to try to interpret every signal as a confirmation that your predicted scenario will happen, while it is obvious I will never be opposed to reaching that price, if bitcoin only reached half or even a quarter of that I will be excited about it because at that point my life will be improved beyond my wildest dreams.
There are many predictions regarding when the bitcoin price will hit a million-dollar price tag. the most famous prediction is the one made by the tech millionaire Mr. Jonh McAfee, which he predicted the bitcoin price will hit $1 million by the end of December 2020. Personally, I think for bitcoin price to reach $1m price tag would take 10-15 years in the future.

Jonh McAfee Prediction URLs:
https://thenextweb.com/hardfork/2019/10/03/satoshi-nakaboto-john-mcafee-reiterates-his-2020-1m-bitcoin-price-prediction/
https://blockonomi.com/john-mcafee-defends-1-million-bitcoin-price-prediction/
John McAfee prediction can't be take serious cause he's just a person that did something for his own selfish reason in the crypto sphere but the total 21millions coin will be mine before Bitcoin can clinch $1million per coin.

John McAfee is too far to predict, $ 1 million per btc, how many decades to achieve it, I don't think bitcoin will reach $ 1 million too crazy, honestly I don't believe the predictions issued by John McAfee.

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ashmodeus
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October 24, 2019, 07:43:57 PM
 #123

well, you just make some theory based only from CMC historical data,and you make conclusions based on the development of BTC data from year to year.
it's not enough I guess to make perfect predictions ,there are many things that can affect the price of btc, and what is in CMC is the result of all these things,so you make it as if all of those things have not changed.
velocity,liquidation,hodler,dominance of btc, it can be changed any time.
so , i guess no exact answer about when $1 million price for btc.

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