Will Bitcoin go up to $1000k?

[Andrewhuk]

I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?

[mk4]

It's possible. But the question is, will it? It's unfortunately a question that no one can answer and that only time can tell.

Now, if you're planning on investing in bitcoin just because your friend told you that, then I suggest slowing down and actually learn what Bitcoin is first before allocating some money. Because in the end, investing in it's entirety is mostly subjective. I may think that Bitcoin is a great investment and you may think the opposite. So the best way to go with this is to do research about it yourself, and come up with your own conclusion.

https://www.coindesk.com/learn
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

[bassbity]

why not? bitcoin will even exceed the price we never expected. and many have said it already. You don't need to worry that bitcoin will fall, and even if the price falls, it will grow back. many analysts say that this year the potential for bitcoin reaches $ 200,000 by the end of this year. but personally enough for a while I see it will soon hit 1 BTC = $ 100,000.

[haidil]

maybe. but for now it doesn't look like it will hit $ 1000 K. because the value fluctuates up and down

[doctor877]

It's really possible to achieve this but not any time soon. Your friend was just trying to encourage you by giving that kind of figure. But personally Bitcoin can reach 1m$ but not anytime soon. You should read about Bitcoin and get familiar with it and Cryptocurrency at large.

[KennyR]

The price has reached above $45000 marking its ath. When that is possible, 100k is easily achievable. When we think of $1000k the ath needs to continue its growth. In comparison to Bitcoin's ath, to reach $1000k it needs major market push. This isn't easy, and we can't expect this to take place in the short.

[just_Alice]

I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?

Theoretically, it's possible but sounds unrealistic and exaggerated. Also, the question is: when? In 50 years, maybe, but who knows what will be in 50 years? Will cryptocurrencies still exist, will there even be a need for them? Taking into account the last developments - Bitcoin will only rise in price, but how steep will that rise be - no one can tell for sure.

When analyzing the history of Bitcoin - 2 significant rises can be denoted. The first one was approximately from Dec 2016 when BTC was around $700 to Dec 2017, when Bitcoin almost hit $20k, that's 30 times increase in just a year! And the second one, I believe, we're experiencing now: in 2020 BTC had its ups and downs, but the average price was around $8-9k, and now it's nearly $40k, a 4-time increase. So, you can see the tendency here: the more Bitcoin is worth - the slower it increases in price. It's good, actually, it means more stability. But, taking into account all I just said, imagine how much time will it take for Bitcoin to reach the price you've named.

[Red Pie]

Maybe it may seem very difficult today. I think this will be possible in the next long term. bitcoin will create a new economic world. We have seen the interest in the limited pandemic process. After the pandemic is over, bitcoin will gain more place in the global market. even these can be considered opportunities. in short, it may be possible. 

[Momoamzad]

May be it will cross $100k but it seems not today or tomorrow . It may take some years . But nothing is predictable in crypto market. Last 2years were the most pathetic years for crypto world. But this year it overcome with gracefull . So let's hope for the best

[veznata]

i remember back in 2012-13 a friend of mine said BTC is projected to reach 1000K one day. for me it doesn't matter because i know greed is an evil and we must stay away from. we already saw too much profit from bitcoin. this is the best investment ever and should never forget the fact that nothing last forever. everyone must very well calculate how many months he works for the bitcoins he holds and if he continues to hold forever he can simply have huge loss and become too old. of course for now things look very good. under no circumstances I would hold more that 10% of my bitcoins "forever" waiting for 1000K

[BIT-BENDER]

If 1000k is meant to be 1 million dollars then Bitcoin would need many years to reach it, I don't know the amount of years Bitcoin would need, but I think 1 million dollars is a very high amount with the current amount less than 40 thousand Dollars then a million is a very high amount to hope for Bitcoin but it's an amount that Bitcoin can do but in 2040-2050.

[sunsilk]

Yup.

$1M is possible but we will never know when it can reach that price or how it can? If that's your target price before selling, you should be patient and keep HODLING until we see that price.

But aim first to see $100k than $1M.

[cheezcarls]

Although that everything can be possible, we cannot simply guarantee that it may happen. For me, I think we should start becoming realistic. $100k for me is something that I wanna see for this year. However, I predict that maybe before May, there would be a slight pullback due to the April tax deadline before we could see another round of bull run. Just my own instincts by the way.

[billy27]

You never know this with Bitcoin. Few years back there were a lot of people who didn't think that it will worth more than $1K and then people were saying that it will not cross the $10K mark but is now touching $40K so we may see it reaches to $1000k mark in few years time but you can't be sure, how long it will take Bitcoin to cross that mark. May be it never reach such high price.

[Mistafreeze]

I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?

It will definitely go to $1000k but the question is when. It will take few more years for BTC to reach there and the journey has already begun. We see institutional investors, we see government bodies, we see more and more people adopting BTC.
All these will lead BTC to $1000k and beyond.

[Jating]

I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?

Everything is possible in bitcoin, back in 2017, we didn't think that it can go as high as $20k. You can look back at old thread during that time, it says that the price could only peak at $5k. Same in 2020, there was a survey in WO thread that says bitcoin will only reach $16k max at the end of last year. But look at where the price is $33k and then in January it sets a new all time high at $41,900.

So past history tells us that bitcoin is so resilient and that the predicting the price is really very difficult. As we may encounter a lot of challenges like the Covid-19 pandemic scare, but in the end, bitcoin has the ability to recover and bounce back. Just remember to invest what you can afford to lose though.

[Bitcoinislife09]

I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?

It is possible with the certain growth of the market and if the bitcoin market continues to grow we are going to reach that market price soon but only if it continue. A lot of changes could make along the way so investing in bitcoin is a big risk as always. That price is also so too high for 1 bitcoin so in my opinion, we are going to experience a lot of problems for the government or with the banks before reaches that price in the market and it would take a lot more years to reach that goal. But for now I think the most realistic goal is around 100k$ and maybe in the 2nd bull run we could reach it or near that.

[enhu]

Breaking $41K is rough for BTC, we might need more than just Elon Musk to bring the market to mars. $1000k is going to be hard but possible. BTC doubling its previous ATH is more than enough of a bullrun so there is a possibility also that price right now may just be what is it till the next cycle. Its good to be optimistic but don't expect too much so you don't be so disappointed.

[menoiazei]

 
 No one really knows if or when but best thing to do
BUY and HOLD anything you can afford and then see what happens while you learn more about it

[Ryker1]

Breaking $41K is rough for BTC, we might need more than just Elon Musk to bring the market to mars. $1000k is going to be hard but possible. BTC doubling its previous ATH is more than enough of a bullrun so there is a possibility also that price right now may just be what is it till the next cycle. Its good to be optimistic but don't expect too much so you don't be so disappointed.

Well, I don't understand why people keep looking at ^[CMC] for the price of the market, if they had bitcoin, don't visit any of your wallets and look at the price if you are a long term holder. However, speaking of Elon Musk is a very influential person we should not be worried about it and it seems it will bring a good price to the market if he still keeps joking like what he comments post above, an hour ago.
Well, perhaps this thread will belong to this ^{[speculation board]}. I think we should less worry by now.