1BTC Reaching 1million Still Unrealistic

[Ozero]

If Bitcoin reach 1 million, then real estate and all other sectors will lost some investors since they're start to invest on Bitcoin. I think most of investment (e.g. stock, precious metal, real estate) will still exist, but the value are dropped since less investors. Bitcoin will be save haven asset (the next gold but a modern form & new technology)

Other investment will probably be outdated if that happens. Real estates, stocks, and metals will still exist but only minimal investors will invest on it of bitcoin reached that kind of price. That's is somehow reasonable, if bitcoin reached today's price from scratch or zero, then it is also possible that bitcoin can reach $1,000,000 in the near future. But the question is "when?", maybe that span of time is so long that we're already dead and the next generation is benefiting our bitcoin. That's the reason why we should invest right now on bitcoin because this cryptocurrency can secure our future. Right now, you can invest in different investment to have other sources of profits in the market.

And do you think that states will only watch how the real valuable objects of the world around us will slowly lose value due to the rise in prices for decentralized cryptocurrency? Don't even dream, it won't happen. Apparently, as the price rises, bitcoin will face stricter regulation by governments. This year will be indicative in many ways: both in terms of the ability of bitcoin to reach price heights, and in terms of responses to this price increase on the part of states.

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[empress777]

We can truly not know yet what the upper tier of potential in price increase is since Bitcoin is still a very new technology in a whole new industry.

Yes, with it being used as a store of value it has it's limit. If it's used as a reserve currency by a few countries it has it's limits. But we cannot, in any way or shape know, how things pan out in the future; especially on the long term. The main use case of Bitcoin may still be as of yet undiscovered. It could be something springing from Bitcoin, some other use we don't know yet. What if Bitcoin becomes the major trading utility in the future between mars and earth, or it becomes the primary world currency used by almost everyone. Technology and society can change very quickly. Who here still remembers when everyone used VCR's, Land Lines just 20 years ago and now we have the internet; smart phones, streaming for EVERYTHING. Even just 120 years ago humanity barely got off the horse and buggy into cars and just started using electricity. So perhaps it's unlikely that 1 Bitcoin can reach a Million Dollars in the next 20 - 30 years, but let's face it in 50 - 100 years it's not only possible but quite likely.

[kryptqnick]

With the ATH around $40k, it's 25x price increase to reach $1m per BTC. To put this in perspective, it is as unrealistic as it was when Bitcoin cost $1600 that it would cost $40k one day. It's hard to imagine, I agree. And yet it not only happened, but it took the price less than 4 years to go from $1600 to $40k, so Bitcoin worth $1m by 2025 would actually just be repeating history. As the price gets higher, it feels less and less realistic that an even 5x increase is going to happen. And perhaps there's truth to it if you believe that Bitcoin gets less volatile with time and the price stabilizes. However, Bitcoin is just too young for us to be able to seriously assess where it's going and whether it is indeed getting more stable.

[serjent05]

If Bitcoin reach 1 million, then real estate and all other sectors will lost some investors since they're start to invest on Bitcoin. I think most of investment (e.g. stock, precious metal, real estate) will still exist, but the value are

I don't think anybody will buy any btc from those prices. I am not saying it can't reach those prices it very well can but it will be a manipulated price probably. Most of the bitcoin supply is being controlled by what, like 1000 people? They can send the price to $1m or even $1b. Yeah, $1 Bİllion.

"Sheeps" will buy them.  We all know that there are groups of people that always follow the trend.  They FOMO when there is a lot of hype, shaken when the FUD is too heavy.  They always bend to what these manipulators wanted them to do.  So the idea of no one will buy BTC when it reaches a million dollars is somehow refuted by this fact  .  People will always speculate and always try to take profit even if it causes them to lose their money. But I agree that price manipulation will play a huge part in reaching this 1 million dollar apiece milestone.

[pixie85]

Thats what $21trillion, almost 8% of all the wealth in the world??

There's a mistake in the way you count this. A lot of coins is lost and some coins will never be up for sail because people who hold them will simply use them as colateral or a safety fund so to them it doesn't matter that much if it goes to 100 thousand or 1 million. They will still hold.

We don't have 21 million mined yet so your number is already down by 20%.

Out of the coins that were mined and weren't lost maybe half is available for purchase. You don't need 21 trillion dollars for anything. Even if the price hit that level this his number would only exist in statistics.

[Murpheus]

I think that the interesting arguments for $1m Bitcoin, are the ones that account for hyperinflation.


When bitcoin reaches $1m, it won't be worth $1m in today's terms. Bitcoin in terms of USD seems silly

This is a fact I had considered...
inflation will kick in... which means even if it worths 1million dollars in 10 years... but might only be $500,000 today's money....
Nice thought

[CarnagexD]

It definitely isn't possible now, but in the future it will be. The thing about this is bitcoin is that it's not based on fiat, or in that matter anything that backs the price of fiat, so completely seeking for bitcoin's price to reach $1M doesn't necessarily mean it's going to be a very high amount in the future, on the account of inflation and a possible hyperinflation of the USD.

[arwin100]

I stumbled on a post on this platform about 1 sat being $1, but am gonna do a simple calculation if 1sat was equal $0.01...

I just want to do some mathes, if you don't like mathematics, stop reading already...  

Currently the total wealth in the world is sitting at $360trillion, cool....
It won't make sense if the total number of BTC that will ever be takes more than 8% of that number, let's do the math already
If 1BTC is worth $1,000,000

Therefore 21,000,000BTC will equal
 21,000,000 × 1,000,000 = $21,000,000,000,000

Thats what $21trillion, almost 8% of all the wealth in the world??

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts.

So if BTC takes all 8% to itself, what about real estate and all the other sectors??
P.S I didn't do economics anyways, and by the way how do I add pictures on my post??

Just make things simple and the same from the past many doesn't believe that bitcoin will get a value or even rise up to $40k+ each that's why many throw out their coins and sold it earlier so by now many of them regret on what they do from the past since it will make them a millionaire if they hold today, that's why be open on possibilities since those things might possibly come so for you not to regret all things best to buy a little sum and hodl it for future use.

[Murpheus]

If Bitcoin reach 1 million, then real estate and all other sectors will lost some investors since they're start to invest on Bitcoin. I think most of investment (e.g. stock, precious metal, real estate) will still exist, but the value are dropped since less investors. Bitcoin will be save haven asset (the next gold but a modern form & new technology)

by the way how do I add pictures on my post??

You need to upload your image to "image hosting (e.g. imgbb, imgur)" after you upload it, you can copy paste the BBCode and put the link here.

and by the way how do I add pictures on my post??

You need full member rank for that.

• https://bitcointalk.org/index.php?topic=178608.0
• https://bitcointalk.org/index.php?topic=2818350.0

Hmm... I think OP mean to add pictures on his post, not an avatar right? So he can do that (since the requirement is at least Jr.Member)

like this

[senyorito123]

I stumbled on a post on this platform about 1 sat being $1, but am gonna do a simple calculation if 1sat was equal $0.01...

I just want to do some mathes, if you don't like mathematics, stop reading already...  

Currently the total wealth in the world is sitting at $360trillion, cool....
It won't make sense if the total number of BTC that will ever be takes more than 8% of that number, let's do the math already
If 1BTC is worth $1,000,000

Therefore 21,000,000BTC will equal
 21,000,000 × 1,000,000 = $21,000,000,000,000

Thats what $21trillion, almost 8% of all the wealth in the world??

Wealth measures the value of all the assets of worth owned by a person, community, company, or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts.

So if BTC takes all 8% to itself, what about real estate and all the other sectors??
P.S I didn't do economics anyways, and by the way how do I add pictures on my post??

You can upload the pics that you wanted to post here mate, just this link of your needed pics https://m.imgur.com/gallery/YBvGxz4
Btc still capable of that predictions, just what's happening as of this days no one ever expected this to that $30k and above have achieved by bitcoin.

[MCobian]

Many people don't buy Bitcoin when the price drops below $ 5000, because very few really believe that Bitcoin can go up again. Then in 2021,
Bitcoin has surprisingly managed to increase its price above $ 40k, whereas when Bitcoin is below $ 5000 it must be unrealistic for Bitcoin to reach
a price of $ 40k. But Bitcoin is a very special asset, it can come as a surprise. Thus perhaps reaching a price of $ 1 Million now is very unrealistic,
but in the future a price of $ 1 Million Bitcoin is very realistic to achieve. So I never hesitate to collect as much Bitcoin as possible.

[adaseb]

If Bitcoin reach 1 million, then real estate and all other sectors will lost some investors since they're start to invest on Bitcoin. I think most of investment (e.g. stock, precious metal, real estate) will still exist, but the value are

I don't think anybody will buy any btc from those prices. I am not saying it can't reach those prices it very well can but it will be a manipulated price probably. Most of the bitcoin supply is being controlled by what, like 1000 people? They can send the price to $1m or even $1b. Yeah, $1 Billion.

Alot of people keep their BTC and crypto in exchanges and this is why it looks like most of the supply is in the hands of a small group of wallets. However in my opinion, at least right now, BTC is more distributed than most other assets out there like stocks. Sure people own stocks however most of it is also owned by a small group of people. Same with the distribution of Gold.

So if a exchange has 1,000,000 Bitcoins, they could be holding those bitcoins divided by 1,000,000 people and each person holds an average of 1 coin. If more and more people used cold storage or hardware wallets then it would be more distributed however most people rather just trust the exchange for security than keeping it on their hot storage.

[LogitechMouse]

No need for further explanation here.
We all believe that Bitcoin will reach this price anytime soon. Not this year or in the next 3 years but maybe this decade.

Is that achievable?? Yes for sure. We've seen Bitcoin from a few cents in 2008 to $42,000 (ATH) in just a matter of 12 years. No investment or asset can make a jump like that. Only Bitcoin so why be pessimistic on it . Just buy Bitcoin, follow the trend.

[Reid]

But, did anyone really expect $40k accurately? Everyone had their own prediction before but most of them are happy with a 4 digit value.
Hell! I am even happy when it reaches $900 from $300. 
It sounds impossible but it can. But time will tell.
Maybe we won't even see it or maybe yes.
Buying power won't be a problem since you can do it in decimals. Someone will still buy at .001 or even lower.
Then, it becomes addictive when you see growth.

[sana54210]

But, did anyone really expect $40k accurately? Everyone had their own prediction before but most of them are happy with a 4 digit value.
Hell! I am even happy when it reaches $900 from $300. 
It sounds impossible but it can. But time will tell.
Maybe we won't even see it or maybe yes.
Buying power won't be a problem since you can do it in decimals. Someone will still buy at .001 or even lower.
Then, it becomes addictive when you see growth.

I am at the same place, I can't believe it is 40k and its definitely something I hoped for in the way way down the future, but not this quickly for sure. In march when the price went down to low levels I wanted to buy, I didn't had money during 4k prices but I had some during 6.5k and I bought it, I was upset that I missed the increase from 4k to 6.5k because that was over 50% profit that I was hoping to get. My idea was that I will sell at around 13k and that would be about 2x profit which I was really hoping for.

Thankfully I never sold so I am doing great now but I can't believe that something I bought at 6.5k and was "hoping" to reach 13k actually went to 40k, that is really not something I would have expected, it was something I really didn't see coming at all. Don't get me wrong I believe bitcoin will be even higher, I just never believed it would be so soon.

[bitbollo]

I think that mostly depends from time frame. we are sure that in 100 200 years the inflations has not already pumped the amount of cash in circulation?
I have seen with Italian Lira ---> Euro. In the earliest of the 90' centuries it was fine get 1000 lire each month (around 50cent of euro nowadays).
Its clear that there is a strong inflation in western countries.
This is why in a "long term" prediction, (obviously if bitcoin "will survive") even 1 million USD I think isn't too much unrealistic.

[The Sceptical Chymist]

P.S I didn't do economics anyways

I have taken university-level economics courses, and I'll be damned if I could tell you for sure whether it's impossible for bitcoin to reach $X, whatever X is.  With all the money that's now in circulation, I'd say pretty much anything could happen.

It's not just bitcoin that's on fire.  The stock market is and has been soaring for over a decade now, and I have this gut feeling that we're in for a reckoning--a crash or at least a serious correction in a few markets, bitcoin being one of them.  There's been a lot of institutional buying going on, and that's helped to bump bitcoin up to where it is now, but there's no telling when those corporate whales are going to start selling.  Believe me, if they sense danger in bitcoin they'll jump ship with no regard for anyone but themselves.  That could turn out to be a scary situation for anyone holding BTC for the long-term.

But, did anyone really expect $40k accurately?

I doubt it.  I sure as hell didn't expect bitcoin to be this high this soon.

[Quidat]

But, did anyone really expect $40k accurately? Everyone had their own prediction before but most of them are happy with a 4 digit value.
Hell! I am even happy when it reaches $900 from $300. 
It sounds impossible but it can. But time will tell.
Maybe we won't even see it or maybe yes.
Buying power won't be a problem since you can do it in decimals. Someone will still buy at .001 or even lower.
Then, it becomes addictive when you see growth.

No one did really expect that basing off on value then it can really go into those digits and the entire cap wont really be that too big compared
if we do talk about 1 Million price and imagine on how big it is when it comes to cap which do simply shows that this will be needing that
full-scale adoption which every people would really be using it which we can say that it would really be that impossible to happen.
Adoption is on the move but it wont really be reaching into that point but well, its just also my own opinion though.

[Renampun]

I don't think you need to waste a lot of energy on this...
no one will know tomorrow how much Bitcoin will cost. If we went back 10 years ago billions of people would not believe 1 Bitcoin would be worth $ 40k. still with the old belief 'nothing is impossible in this world'.

[notblox1]

Anything is possible with global hyperinflation and Bitcoin can even be one million if dollar and all other fiat currencies goes wild like we saw in Zimbabwe and other parts of the world.
That would be much different world than we know now and it would be only temporary until some new currencies arise, and we know from history that all fiat currencies will collapse sooner or later.
Maybe we need to start and calculate wealth in Bitcoins instead of dollars.