When bitcoin will hit $1 million !

[sana54210]

Right now, cost of mining is around 5-6 thousand dollars which is why I doubt it will go under that any time soon (though last time bitcoin went under it was around 5.8k to mine a bitcoin and it still went under and then many miners stopped mining which caused the difficulty to go down and made it cheaper so its never a certain thing) which means it will be around 10-12k in the next halving at 2020 and after that it will turn to 20-25 easily and with increasing difficulty I am sure it will be around 30k to mine a bitcoin.

This is why I think in 2025 it is quite obvious that price will be over 30 thousand dollars, that is x3 in 5 years, not a bad deal if you ask me but whoever you ask will tell you to be careful. People are easily putting billions into stocks we have no clue about but when there is x3 chance they are afraid.

[btc_angela]

Right now, cost of mining is around 5-6 thousand dollars which is why I doubt it will go under that any time soon (though last time bitcoin went under it was around 5.8k to mine a bitcoin and it still went under and then many miners stopped mining which caused the difficulty to go down and made it cheaper so its never a certain thing) which means it will be around 10-12k in the next halving at 2020 and after that it will turn to 20-25 easily and with increasing difficulty I am sure it will be around 30k to mine a bitcoin.

In addition to that we also have the hash war between BCH and BSV and I think miners either switch on the two that's why the price goes down and so as the hashing power. But as soon as the dust is settled, we come back, recovered some and now seen the price touching 5 figure mark. So certainly, there's a possibility in the future to hit another all time high if we go on the logic of block halving and cycle repeating itself in the ecosystem.

[Kelvinid]

We'd love to see such price but thinking when it happens? Nobody could answer it directly, only we have speculations that not meant to be at 100% assurance.
But anyway, I found Bitcoin become a valuable coin in the market have to say that $1mil is much and really hard to reach. Even though we think that the market demand will be getting higher in the future but I'd never feel $1mil become a realistic one.

[barota]

1 million per btc is a high value. i do not think bitcoin will reach these prices in next 10 years at latest . and who know if another technology will replace bitcoin in the fututre

[romero121]

It will happen if Bitcoin will be commonly used in all nations as an option for our direct spending but for now it is very impossible as Bitcoin was treated as an investment by the majority that once Bitcoin will become more expensive to purchase it will become more difficult to purchase for an investment making the small time majority investors will be forced to shift to most affordable crypto which is the Altcoins.

When bitcoin gets used similar to the fiat currencies that we use around there will be growth, but the same can't be expected to reach $1 million. When we think of a million dollar in a third world country it is a huge money. This can fulfill an individuals entire living needs till death. There will be continued growth, but the same won't take the price to such a level.

Bitcoin as an investment is getting preferred among all levels of people, upon which it takes more time for people to use bitcoin around the globe same as that we use our traditional currency.

[Silberman]

We'd love to see such price but thinking when it happens? Nobody could answer it directly, only we have speculations that not meant to be at 100% assurance.
But anyway, I found Bitcoin become a valuable coin in the market have to say that $1mil is much and really hard to reach. Even though we think that the market demand will be getting higher in the future but I'd never feel $1mil become a realistic one.

And even if bitcoin reached one million dollars for each coin how many people are still going to be holding their coins at that point? Many investors are waiting for a price way lower than that in order to sell their coins for a big profit so I don't think many of the people that are holding bitcoin right now will benefit from that price unless it happened during the next years, which seems highly improbable to me since I really think that we will have to wait for decades in order to have a decent chance to see that price for bitcoin.

[carlisle1]

I have a very interesting theory about when exactly bitcoin will hit $1 million.

I said everything in the video, I'm sure you will like it.

It's not an investment advice, but just an observation from me, after following bitcoin for more than 5 years.

Please watch the video here and tell me what do you think :

https://3speak.online/watch?v=clixmoney/hjimplyn

Never mind the Link because only noob will click in newbie post that sharing some links with impossible prediction .1 million?are you serious?

If bitcoin will reach a million value then what will happen to altcoins?they will reached 100$k each?

I have no doubt about the capacity of bitcoin to grow in value but I don’t think that this will reach 7 digits even in the last generations

1 million per btc is a high value. i do not think bitcoin will reach these prices in next 10 years at latest . and who know if another technology will replace bitcoin in the fututre

That’s it mate the chance of subsiding the popularity and being replaced in future is indeed so I don’t really think that million dollar value is visible to attain

[J1mb0]

I have a very interesting theory about when exactly bitcoin will hit $1 million.

I said everything in the video, I'm sure you will like it.

It's not an investment advice, but just an observation from me, after following bitcoin for more than 5 years.

Please watch the video here and tell me what do you think :

https://3speak.online/watch?v=clixmoney/hjimplyn

I dare not click on a link that I do not fully understand.
Can you clarify what you think?

[terencio]

Even if Bitcoin is going to reach $1 million and if you don't own any, it's sad too. To attain the 1 million, it has to expand 1000 percent, but it has both pros and cons in the cryptoeconomy.

[TriplexXx]

Stop thinking about when bitcoin will reach $1 million and start thinking when bitcoin will reach $20k again. The cryptocurrency market is some how upside down at the moment so stop thinking about $1 million and focus on $20k first.

[Silberman]

Stop thinking about when bitcoin will reach $1 million and start thinking when bitcoin will reach $20k again. The cryptocurrency market is some how upside down at the moment so stop thinking about $1 million and focus on $20k first.

You are asking for something impossible, people love to think about those kind of prices because they know that their bitcoin holdings are small and they would like to think they also have a chance to become millionaires in the future, but deep down they know the truth unless something huge happens to the economy that forces people to look for alternative ways to move their funds the chances that bitcoin reaches such a high price during the next years are zero.

[Darooghe]

I believe most of the visitors here are already reading the same phrase over and over, "where is that Bitcoin going to $500K or 1 Million dollar?". Although I am not saying it can't go but it's unrealistic in my opinion. there is great examples were things didn't repeat history. Right now, we are going to $11,000 and maybe even back to $4,000. Nobody knows really!
A perpetual rule of each investor is to say don't invest more from what you cannot afford to loose. Everything is to be taken with extra caution especially now. We don't know if tomorrow Libra will come-in, how it will impact Bitcoin or even what if instead Facebook sign a partnership with another key semi-decentralized coin. not excludes but if happens, Bitcoin will gone my friends. If you see the market, It's called cautiousness. There millions of millionaire on this planned and not even 10% of them have Bitcoin on theirs portfolio.

[CarnagexD]

Hitting the price of 1 million USD is a very long journey and in fact, the price of bitcoin still not surpass the its all-high price. Bitcoin could reach that price after many many years and I still alive on that. Even though bitcoin could not reach that price I still hoping it could become valuable in the future and it just like an antique items that become valuable after a couple of years.

[inanilujimi]

Can we first hit $100k before making such outrageous predictions? $1 million is $990k above the current price.... It really seems that people have gotten so Bitcoin gay that they can't think straight anymore.

In percentage terms, it's not outrageous at all. Using Bitstamp prices:

2015 low: $152
2017 high: $19,666

That's a 12,838% rise. Apply that to the 2018 low of $3,122 and we're looking at $400K+. That's just one bull market cycle.

Everyone also looks at 2011 and 2013 and assumes the next cycle must be smaller, but I'm keeping an open mind about that. For example, if we apply 2011's gains bottom to top, the next cycle target would be $1.8 million.

Am I expecting that in the next bull market? No, but I'm not ruling it out either. With Bitcoin, the potential upside is endless.

do not expect too far my friend, the fact is that when bitcoin is pumped there is always a correction which means that there will be no one who continues to hold bitcoin.

[beerlover]

You are asking for something impossible, people love to think about those kind of prices because they know that their bitcoin holdings are small and they would like to think they also have a chance to become millionaires in the future, but deep down they know the truth unless something huge happens to the economy that forces people to look for alternative ways to move their funds the chances that bitcoin reaches such a high price during the next years are zero.

Even though we like to think of that possibility, but it is not as if many people strongly believe that the coin will hit $1 million in future, that figure really looks silly to me, the highest that I have ever thought or analyzed bitcoin to reach is $100k, but that is not to say I will not support any speculation that sees bitcoin grow beyond that.

When it comes to bitcoin prediction, majority of us are a little bit biased in our judgment because of the full love that we have for bitcoin, but one thing with bitcoin is that even if it does  not reach the $100k, it does not mean that it is still not useful, bitcoin is not only meant to be used for investment alone, so, as long that it is still useful for the payment system it was created for, I really don’t care if the value hit that all time high or not.

[MCDev]

Bitcoin will not reach $ 1 million price before all Bitcoin is mined. I don't know the exact time but I guess this will take a lot of time, maybe 2050.

[vintages]

1 million per btc is a high value. i do not think bitcoin will reach these prices in next 10 years at latest . and who know if another technology will replace bitcoin in the fututre

Everything can be achieved within that 10 years. 1 million may look like a high price but with cryptocurrency anything can happen.
In as much as we shouldn't over estimate the price of Bitcoin, we should also not under estimate it.
If there is constant adoption, more exposure and more acceptance of Bitcoin, the price can be that in the next 10 years or 15 though. Though, it will be interesting to see a new technology replacing Bitcoin.

[Vaculin]

Bitcoin will not reach $ 1 million price before all Bitcoin is mined. I don't know the exact time but I guess this will take a lot of time, maybe 2050.

Investing now and wait for 30 years to happen, I think we will be old that time and some might not be able to become millionaire as they will surely sell even if the price will just hit $100K.

I am hopeful that bitcoin will grow but to see it 1 btc = 1 million usd is something I am not expecting I would still enjoy because it would not likely to come.
It's what we imagine for too much optimism that we will not be able to see our bitcoin even the great profit is already in front of us, but I don't like to judge other as everyone of us here has different strategy.

[samcrypto]

Bitcoin will not reach $ 1 million price before all Bitcoin is mined. I don't know the exact time but I guess this will take a lot of time, maybe 2050.

That’s good for the hodlers, personally I think the $1 million price is too high for bitcoin and we might not reach that level even if all bitcoin was mined. I do believe on bitcoin and I just want to see that more people will adopt bitcoin and maybe in time a more expensive bitcoin will be on the market and some good altcoins becomes the good option as well.

[gabbie2010]

Bitcoin will not reach $ 1 million price before all Bitcoin is mined. I don't know the exact time but I guess this will take a lot of time, maybe 2050.

Bitcoin reaching $1 million is fictitious and unrealistic as you rightly even before its completely mined that price quoted by the OP is outrageous which can never come to pass the last ATH was in 2017 when it hit $20K since then the price couldn't reach another ATH rather the price dumped however many be in 50 years to come bitcoin might pumped to a reasonable price mark however but reaching $1 million is absolutely not feasible.