The 'Game Of" How many BTC does it take to make $1,000,000 USD!

[Searing]

This thread is to take a poll of what/where you think the price of Bitcoin will go to price-wise. Crash? Pump? Beat the All-Time High?

So OK....I'll start this game. Post if you wish on whichever dubious direction Bitcoin takes in price after my thread  here has started...but the

premise is:

Currently, it takes xxxxxx amount of Bitcoin to be worth $1,000,000.00 USD (ONE MILLION DOLLARS!)

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USE FORMAT BELOW:
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Today's Date:

Today's Time:  Forum Default Time On Posts When Posted On Thread! No Need To Add Time. Just Be Aware!

Current Price:

Total BTC Needed:        BTC
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Use http://www.coinmarketcap.com

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Someone should be able to just scroll through the thread in the above format and see how the price goes round and round day by day!

So let us see..where the 'bouncing' price goes! UP! Down! Sideways! All! (It could do all it is BTC by the by and very mysterious IMHO)

Post the current 'piece of time/date' below in the above format...and we will see how roundabout BTC goes price rise over the next days/weeks/months.

Thanks!
!
Brad


edit: Time Zone(s) may be an issue.

Forum Default Time On Posts When Posted On Thread! No Need To Add Time. Just Be Aware! Corrected my post below.

[Searing]

Reserved.

[Searing]

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Today's Date: 11/19/2020

Today's Time: See Forum Posting Time Above!

Current Price: $17, 902.86

Total BTC Needed: 55.86 BTC
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Use www.coinmarketcap.com

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Brad

[pixie85]

What about time zones, because I can see that your local time is not forum default?

Posters would have to agree to use a certain zone or write their zone in the post.

[Searing]

What about time zones, because I can see that your local time is not forum default?

Posters would have to agree to use a certain zone or write their zone in the post.

Ack! Will Fix Above!

Brad

edit: Perhaps should use Forum Default?

Forum Default Time On Posts When Posted On Thread! No Need To Add Time. Just Be Aware!

Thanks for the catch. This way is easier and more 'precise' anyway!

[Searing]

Well, being Bitcoin, things are getting interesting again only a few hours later!

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Today's Date: 11/19/2020

Today's Time: See Forum Posting Time Above!

Current Price: $18,078.96

Total BTC Needed:  55.31 BTC
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Use www.coinmarketcap.com

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Brad

[nutildah]

The price hasn't budged last since your update, but I am leaving mine now anyway as my way of subscribing to this thread (I am one of those people who always reads "new replies" instead of using the watchlist feature).

Today's Date: 11/20/2020

Today's Time: 7:48 AM UTC (I recommend we go with UTC for times)

Current Price: $18,125.04

Total BTC Needed:  55.17 BTC

[Dsdaq]

Today's Date: 11/20/2020

Current Price: $18,308

Total BTC Needed:  54.7 BTC

[Searing]

I am interested in this game in a few years, when the price of bitcoin will be much higher.

Yeah...I figure this thread will ebb and flow for posts depending on how silly or sad the BTC price gets...

but it has not even been 2 years from the low of BTC price of $3,285.57 BTC on December 16th, 2018

with the current price of

www.coinmarketcap.com

Today's Date: 11/20/2020

Current Price: $18,613.36

Total BTC Needed:  53.72 BTC (by the by which is the total BTC I made almost exactly on my 2013 KNC Jupiter BTC Miner before it was shelved!)

I really, really, need to send it to those places that have 'Baby Shoes' Bronzed and do such with a plaque.

Brad

[coolcoinz]

Today's Date: 11/21/2020

Today's Time: 2:41

Current Price: $18,670

Total BTC Needed:  53.56 BTC

[Searing]

Today's Date: 12/4/2020

Today's Time: See Forum Time On Post Above!

Current Price: $18,782.62 USD

Total BTC Needed: 53.24 BTC


Well, not sure how long this is gonna last, usually (at least 3-4 times since I've been on since 2013.

note current FUD being tossed about to 'soften' FOMO.

https://www.cnbc.com/2020/12/04/top-currency-regulator-says-to-expect-clarity-in-coming-weeks-on-bitcoin.html

Whenever an All-Time-High the 'vested interests' in the 'status quo' ie: wealthy/bankers/Corporations put 'pressure' on

the government to regulate this 'evil' BTC/Crypto! In either an attempt to

limit BTC/Crypto's adoption or drop the price to they can more easily get into the action. Those that do not see the virtual

currency as a store of value, or how I like to think

of it as 'virtual land' limited to 21 million BTC, which reflects the price in the network as ie Bitcoin...

due to you can't print any more than 21 million of which 18.5 million

have already been made. Thus the FOMO of Grayscale buying 70% to 100% of all the equivalent mined BTC per day. Then double down and add PayPal doing the same, at

also around the equivalent of 70-100% mined coin per day. Of course, with NO one really dumping, the FOMO buzzer went off and the regulators were prodded out

to speak on such regulations to BTC/Crypto coming in 4-6 weeks or about 5 days before the Biden Administration is sworn in.

Thus, in my view, these 'regulations' even in good faith will likely be 'rushed' and need to be tweaked to work over the winter so if, in the past, we might be looking

at 13K BTC through winter before the ATH has broken again in say spring 2021. Such stuff can slow BTC/Crypto Adoption down..but can't really kill i

I was hoping for 20K BTC ..but I think we won't see that till Spring 2021 after 'digesting' whatever USA regulations coming down the pike.

Sorry end of rant...

Brad

[Searing]

Today's Date: 12/12/2020

Today's Time: See Forum Time On This Post!

Current Price: $18,820.74 USD

Total BTC Needed: 53.13 BTC

So pretty much 'flat' since the last post on this thread of 12/2/2020.

Mt.Gox is going to 'supposedly' release $2.6 Billion USD worth of Bitcoin in the Mt.Gox Settlement from 2014 Crypto Exchange fail.

That is around 140,000 Bitcoin. Due to this being a settlement I believe under USA Tax Law there is now Cap Gains for it hitting your wallet.

I myself figure, if you were that early and adopter to be on Mt.Gox in 2014 you likely will HODL so no effect on Bitcoin price, but we will see!

Brad

[pooya87]

Mt.Gox is going to 'supposedly' release $2.6 Billion USD worth of Bitcoin in the Mt.Gox Settlement from 2014 Crypto Exchange fail.

That is around 140,000 Bitcoin. Due to this being a settlement I believe under USA Tax Law there is now Cap Gains for it hitting your wallet.

I myself figure, if you were that early and adopter to be on Mt.Gox in 2014 you likely will HODL so no effect on Bitcoin price, but we will see!

According to coinmarketcap.com the total bitcoin trading volume over the past 24 hours was around $24 billion (BTC1.25 million). Granted most of is the fake volume that CMC reports and a lot of it is from altcoin trading but at least $10 billion of it is from actual bitcoin exchanges and is fiat volume.
I'd say a one time 140k bitcoin is a drop in this bucket and the only thing it could cause is a weak hand panic sell and nothing more. And that is not something we can predict. So far the market doesn't care.

[Searing]

Mt.Gox is going to 'supposedly' release $2.6 Billion USD worth of Bitcoin in the Mt.Gox Settlement from 2014 Crypto Exchange fail.

That is around 140,000 Bitcoin. Due to this being a settlement I believe under USA Tax Law there is now Cap Gains for it hitting your wallet.

I myself figure, if you were that early and adopter to be on Mt.Gox in 2014 you likely will HODL so no effect on Bitcoin price, but we will see!

According to coinmarketcap.com the total bitcoin trading volume over the past 24 hours was around $24 billion (BTC1.25 million). Granted most of is the fake volume that CMC reports and a lot of it is from altcoin trading but at least $10 billion of it is from actual bitcoin exchanges and is fiat volume.
I'd say a one time 140k bitcoin is a drop in this bucket and the only thing it could cause is a weak hand panic sell and nothing more. And that is not something we can predict. So far the market doesn't care.

Yeah, again I agree. The most likely, in my view, scenario is that the Mt.Gox Bitcoin will likely NOT be dumped out all at once.

Likely the Bitcoin will be moved over the period of a month or so, IMHO.

Also, again, IF you had Mt.Gox Bitcoin in their exchange (again, if you were gonna have any money in 2013 and 2014 it is 90% plus likely it would have been sitting

in the Mt.Gox Exchange, in that it was the most famous/first/and popular back when)  Anyway, if you were to have left what you considered BTC dust in this Mt.Gox

exchange, back in the day, I shudder to think of what BTC dust was at the date Mt.Gox locked up funds on February 7th, 2014. Wikipedia:

https://en.wikipedia.org/wiki/Mt._Gox

The price of Bitcoin that day according to Coinmarketcap was www.coinmarketcap.com

was $751.03...so indeed 1/2 a Bitcoin back then would be considered BTC dust indeed.

So, IMHO, in that 'no one' but early adopters had BTC in 2014, I'd guess, again, that most are HODL'ers still from way back when and wouldsimply HODL the coin.
 
Also, as you say, with the 'supposed' date of this being December 15th, 2020, or two days from Today...indeed..it seems no one cares.

Brad

[Searing]

Today's Date: 12/12/2020

From the current price from www.coinmarketcap.com

Today's Time: See Forum Time On This Post!

Current Price: $19,315.08 USD

Total BTC Needed: 51.77 BTC

Progress! Looks like I'm wrong, the FUD of Mt.Gox and 'supposed' USA new and dubious regulations on wallets seems to be not an issue on price at all!

Would be great to see another All-Time-High over $20,000.00 USD this year though. Crosses Fingers!

So it goes!

Brad

[Searing]

Today's Date: 12/16/2020

From the current price from www.coinmarketcap.com

Today's Time: See Forum Time On This Post!

Current Price: $19,243.56

Total BTC Needed: 51.97 BTC!

This was not even the "All-Time-High" today which according to www.coinmarketcap.com was $21,458.91!

Fun Times. Always remember that All Time Highs (ATH) are due to FOMO (Fear Of Missing Out) and then comes the say 35% correction, don't ya know! due to the FUD spread

by 'doubters'/'govt'/Traditional money/etc. So only 'spend' as much as you can afford to lose, or in my case, sell crap you will otherwise die with out of attic on eBay and convert

to BTC dust on www.coinbase.com or www.paypal.com for fun and profit. Also, always keep at 'least' 5 years, if not 10 years in HODL mode.

So it goes!

Brad

[Searing]

Today's Date: 12/17/2020

From the current price from www.coinmarketcap.com.

Today's Time: See Forum Time On This Post!

Current Price: $23,503.01

Total BTC Needed:  42.55 BTC!

Well, what a difference one day makes! The old yesterday on 12/16/2020 price I posted above $19,243.56 to the price as of this posting on today 12/17/2020 of $23,503.01 or

a difference in price of exactly $4,259.45  (sheesh!) ...gets the blood pumping. I may have to get a new FOMO song for such pumps my current FOMO and pump in Bitcoin
.
price song is "Secret Agent Man" (The lyrics fit quite well in HODL'ing BTC/Crypto of any kind!) https://www.youtube.com/watch?v=nGZ0ntpSx2Y

So anyway, this is getting 'interesting'. Being Bitcoin and all there will be the 'someday' usual 35% correction, but I've no idea what the Bitcoin price will be until such happens...so ride

this horse till it dies I guess.

Zoom/Zoom/Zoom!

Brad

[adaseb]

This is the perfect thread to post a comment on this. But did you know that in the last 24 hours, the amount of BTC addresses holding over $1 million dollars has doubled? Interesting isn't it? Does it mean that rich people are buying BTC over $20K and storing it on their wallets? No.

The reason why the amount of BTC addresses holding over $1 million has doubled is because all those original 50 BTC mined coins AND lost keys is finally valued over $1M. Its crazy how back then you could mine a block with a laptop and to be worth over $1M a little over a decade later. Too bad time machines don't exist.

[Searing]

This is the perfect thread to post a comment on this. But did you know that in the last 24 hours, the amount of BTC addresses holding over $1 million dollars has doubled? Interesting isn't it? Does it mean that rich people are buying BTC over $20K and storing it on their wallets? No.

The reason why the amount of BTC addresses holding over $1 million has doubled is because all those original 50 BTC mined coins AND lost keys is finally valued over $1M. Its crazy how back then you could mine a block with a laptop and to be worth over $1M a little over a decade later. Too bad time machines don't exist.

Taking this further, according to Coinmarketcap www.coinmarketcap.com the All-Time-High (ATH) was $23,586.21 USD!

So using the mechanism of this thread below:

Today's Date: 12/18/2020

From the current price from www.coinmarketcap.com.

Today's Time: See Forum Time On This Post!

Current Price: $23,586.21 USD. (again, if going by ATH idea)

Total BTC Needed:  42.40 BTC!

So that, with current All-Time-High (ATH) is the 'amount of' Bitcoin to beat, in our little game on this thread.

Also, looking at the above and 'doubling' the price, in my dreams, er..someday...

that would mean at $47,172.42 USD. and you'd only need 21.20 BTC to have $1,000,000 USD!

Sheesh! I just gave myself a little BTC 'woody' just now!

I will go 'out in a limb' and say that we won't hit the above $47,172.42 USD until 2021...but as I've been dead wrong all year about BTC and such

who knows. I still think we are gonna have pushback in regulations and other actions by the 'powers that be' of wealth and centralized money and power.

So I suspect the usual, eventual, 30-35% Bitcoin Price pullback. But at what price the All-Time-High (ATH) that this happens at I'm frigging clueless.

If it happened at the above ATH price again and at a worse case, IMHO, 35% drop the price of BTC would be $11,793.10 USD which would be 'still'

respectable for a years gain on any asset in that 1/1/2020 the price of BTC was $7,241.82 USD again using Coinmarketcap above link. That would still be

38.6% increase from 1/1/2020. Why anyone would put 'extra' money in the stock market on these returns, if they are speculating, is beyond me. So

again, even with such a 'dire' drop in Bitcoin price...it would 'still' kick ass!

Brad

p.s. added a poll to this thread on what people think of the BTC ATH this (ugly) year of 2020 will be!

I also really like this little animated Bitcoin Price Meme/Gif here: https://www.thebitcoinrider.com/

Of course the classic transaction one as well: https://privacypros.io/tools/bitbonkers/

[Searing]

We have 'slippage' from the new  ATH! (To be expected...will we get past the new ATH again, time will tell!)

www.coinmarketcap.com

So taking this further, according to Coinmarketcap the 'new' All-Time-High (ATH) was $24,053.25 USD! From 12/20/2010.

So using the mechanism of this thread below, the current price (see time/date on this post) is:

Today's Date: 12/21/2020.

From the current price from Coinmarketcap!

Today's Time: See Forum Time On This Post!

Current Price: $23,213.79  USD. Sheesh! What a ride so far!

Total BTC Needed:  43.08  BTC!

Considering the previous ATH was on 12/18/2020 and was $23,586.21 USD!

So 'unless' you are stuck on the last ATH of $24,053.25 (yesterday for crying out loud) 12/21/2020 and such makes you sad! (wimp)

we have not really lost in USD anything scary or drastic of any means.

So it goes. I do suspect the next two weeks the price of BTC/Crypto 'will' go down till about a week past New Years 1/1/2021

just because people/institutions/etc will be distracted by the Holidays. But I'd sure like to be wrong about such!

As always, 'Chump or Champ' or 'Doom or Boom' or 'Pump or Dump'

we all on Bitcointalk will be the 'first to know'

Brad