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Author Topic: Can BTC rise to 1 million US dollars?  (Read 703 times)
bengsabeng
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November 10, 2021, 01:58:10 AM
 #41

the answer is: "it is impossible". sorry but in my opinion it is impossible to think about:

1 BTC = 1 Million Dollars

what would the marketcap of those 1 million dollars be like? I think it's impossible and shouldn't even dream of this price
if speaking for now I agree with you if the price of bitcoin reaches 1 million USD sounds very unlikely, but 10 years from now I'm not sure if this statement still sounds impossible. the number of investors continues to grow and the amount of supply is limited, these two reasons seem to be able to dispel everyone's doubts if the future price of bitcoin can reach 1 million USD.

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November 11, 2021, 09:48:41 PM
 #42

The people of this age is really faster then previous and in the age people prefer digitalization of everything, as evidenced by the price of Bitcoin raise at 68k. In the next 15 years a long time at that moment 1 million is a very normal thing. I think it's likely to be more than 1 million.
Being optimistic isnt bad but you shouldnt really come into a point on where it is already on that exaggerated part but its not bad to have those hopes because we know on whats the potential of Bitcoin would able to reach even though its not an assurance but at least you are aware.

Good thing here is that we are really seeing that bitcoin did really make out those price movements that never ever been expected to happen which we can say
that it does really have that big potential.

For now lets just hope that it would be still adopted and increase its price in the future.

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November 11, 2021, 11:52:10 PM
 #43

the answer is: "it is impossible". sorry but in my opinion it is impossible to think about:

1 BTC = 1 Million Dollars

what would the marketcap of those 1 million dollars be like? I think it's impossible and shouldn't even dream of this price
Even if it is said to be impossible, I still believe bitcoin will reach a price of 1 Million Dollars, we can see this from the development of bitcoin in the previous year, even the corrections in the last few months have made bitcoin higher until now and this year bitcoin has only reached ATH 2 times in a year. a year, even though there is a correction and has not touched the price of 1 million dollars, is this likely to be achieved at the beginning of next year?
That's too absurd to think Bitcoin would reach 1mn$ next year, it barely break $70k this time nor a chance of hitting $100k but most people believe that it will happen within this year. Bitcoin reaching 1mn$ might be possible but not within 15 years but maybe 30 to 50 years I guess. If you could just think about how people/investors would invest on such a price, plus the current owners of thousands of BTC– what do you think about them? I think owning at least 1 BTC is enough already if you want to hodl it for that long.

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November 12, 2021, 12:09:50 AM
 #44

Might be.
The thing is, with so many altcoins now is there even a chance for the value to grow at that length even in 15 years? The competition is too high and checking upon different platforms of new altcoins being created, they are really good in terms of whitepaper but it still requires time and support before they can gain value.
On the other hand, Bitcoin already have that time and support but it needs maintaining to avoid being left in the dark.
$1M could happen but there is no telling when.
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November 12, 2021, 01:20:34 AM
 #45

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together. Smiley
15 years are long enough to possibly achieve that price but we dont know what lies ahead in the future. It can happen if the price is consistent to reach another ath but we know bearish season can occur anytime as well.

Nevertheless, atleast this prediction has a long timeframe to achieve. What im certain is if ever the price really reach 1 million dollars in the future, its a huge gain for hodlers who are optimistic and never lose hope.

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November 12, 2021, 03:30:21 AM
 #46

BTC has entered the second 4-year halving cycle ...

Um... actually Bitcoin has already halved 3 times: in 2012, again in 2016, and again in 2020.
_____

Of course it will rise to over $1m. The only question is when.
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November 12, 2021, 05:11:31 AM
 #47

The people of this age is really faster then previous and in the age people prefer digitalization of everything, as evidenced by the price of Bitcoin raise at 68k. In the next 15 years a long time at that moment 1 million is a very normal thing. I think it's likely to be more than 1 million.
That is because we now have a better internet connection which can support us to have so much information from many resources so we can learn faster than before. Bitcoin has already increased higher and reached $68k so the price can still increase higher in the next rally. We do not know when the price will reach $1 million but it could happen in the future because the sky is the limit.

Maybe it will happen in the next 15 years or less than that but no matter how long it will happen, we must prepare ourselves so we are not too late to make a big profit.

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November 12, 2021, 06:14:57 AM
 #48

This is all I can say, in the beginning, what was the price of Bitcoin? $0.01? $0.1 and then it grows to $1.00 and people are saying it's going to die so many early bagholders sold their stash.

Moving forward now, how many regrets of selling their Bitcoin that time? we have seen it countless times in twitter and social media accounts saying this and that?

Now with the current price, what would you think be the price in the next 10 years or 20 years or more? Just think about it, Bitcoin has a lot of surprises for us.

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November 12, 2021, 06:50:36 AM
 #49

the answer is: "it is impossible". sorry but in my opinion it is impossible to think about:

1 BTC = 1 Million Dollars

what would the marketcap of those 1 million dollars be like? I think it's impossible and shouldn't even dream of this price

If you stopped to read what some of us have said on the previous page instead of writing something quick and without arguing what you say, you wouldn't say that:

The calculations that have been made when there are predictions that Bitcoin is going to reach $1M is because they assume that the market cap is going to absorb much of that global wealth (not income, not GDP) that was previously invested in other things and is going to move into Bitcoin. It only needs 20x, which would give $20T for the bitcoin market cap out of a global total of over $420T, so it is perfectly possible.

If you are going to say that it is impossible, at least argue it. But no, we have to believe that it is so because you think so, period.

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November 12, 2021, 07:35:06 AM
 #50

The people of this age is really faster then previous and in the age people prefer digitalization of everything, as evidenced by the price of Bitcoin raise at 68k. In the next 15 years a long time at that moment 1 million is a very normal thing. I think it's likely to be more than 1 million.
Today's technological advances allow a person to know quickly what was not known before. someone can find out about bitcoin and how it works just by looking for information from social media, in other words the current development of bitcoin can not be separated from technological developments or social media. if the development of technology and social media is growing rapidly it is not impossible that the popularity of bitcoin will also increase. Of course the increasing popularity will have a very good impact on the bitcoin price.
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November 12, 2021, 08:07:09 AM
 #51

This is all I can say, in the beginning, what was the price of Bitcoin? $0.01? $0.1 and then it grows to $1.00 and people are saying it's going to die so many early bagholders sold their stash.

Moving forward now, how many regrets of selling their Bitcoin that time? we have seen it countless times in twitter and social media accounts saying this and that?

Now with the current price, what would you think be the price in the next 10 years or 20 years or more? Just think about it, Bitcoin has a lot of surprises for us.
Although it often experiences negative sentiments, the bitcoin price slowly but surely continues to experience a significant increase from year to year, even though it takes a long time but I am very sure if we will see the bitcoin price even more than $500K later, now we just need to be patient and continue to hold our bitcoin for a long time and waiting to right time for later we release it at the highest price.

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November 12, 2021, 10:52:53 AM
 #52

This is all I can say, in the beginning, what was the price of Bitcoin? $0.01? $0.1 and then it grows to $1.00 and people are saying it's going to die so many early bagholders sold their stash.

Moving forward now, how many regrets of selling their Bitcoin that time? we have seen it countless times in twitter and social media accounts saying this and that?

Now with the current price, what would you think be the price in the next 10 years or 20 years or more? Just think about it, Bitcoin has a lot of surprises for us.
Although it often experiences negative sentiments, the bitcoin price slowly but surely continues to experience a significant increase from year to year, even though it takes a long time but I am very sure if we will see the bitcoin price even more than $500K later, now we just need to be patient and continue to hold our bitcoin for a long time and waiting to right time for later we release it at the highest price.

But knowing how big the marketcap needed to achieve before that to happen and I think that price mark is so impossible to be reach by bitcoin knowing that market is so volatile and for sure it will struggle to reach that far. And maybe its good to speculate first on when $100k to be reached since if we can see that achieve by bitcoin then the next target would be the $200k and this is a quite hard path to take.

R


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Gudhal Untu
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November 12, 2021, 03:09:46 PM
 #53

For now of course we think it is difficult or impossible to reach $ 1 million, but when we open a discussion 2 or 3 years from now then we will talk about when the price of bitcoin reaches $ 50 million, this proves that bitcoin always keeps a secret to keep going up and makes people regret when sell at a low price.
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November 12, 2021, 08:09:12 PM
 #54

This is all I can say, in the beginning, what was the price of Bitcoin? $0.01? $0.1 and then it grows to $1.00 and people are saying it's going to die so many early bagholders sold their stash.

Moving forward now, how many regrets of selling their Bitcoin that time? we have seen it countless times in twitter and social media accounts saying this and that?

Now with the current price, what would you think be the price in the next 10 years or 20 years or more? Just think about it, Bitcoin has a lot of surprises for us.
Although it often experiences negative sentiments, the bitcoin price slowly but surely continues to experience a significant increase from year to year, even though it takes a long time but I am very sure if we will see the bitcoin price even more than $500K later, now we just need to be patient and continue to hold our bitcoin for a long time and waiting to right time for later we release it at the highest price.

But knowing how big the marketcap needed to achieve before that to happen and I think that price mark is so impossible to be reach by bitcoin knowing that market is so volatile and for sure it will struggle to reach that far. And maybe its good to speculate first on when $100k to be reached since if we can see that achieve by bitcoin then the next target would be the $200k and this is a quite hard path to take.

It won't be that easy, I agree, but think about it, before bitcoin was not being used by companies as a hedge to their assets, and then Wall Streets and Institutions are not investing on it. And now we have government like El Salvador buying as well.

So there could be like some factors in the future that will make them buy again bitcoin that can even push it higher and higher every halving. And the price that we never thought possible in the future could happen.
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November 12, 2021, 08:31:19 PM
 #55

~
 if speaking for now I agree with you if the price of bitcoin reaches 1 million USD sounds very unlikely, but 10 years from now I'm not sure if this statement still sounds impossible. the number of investors continues to grow and the amount of supply is limited, these two reasons seem to be able to dispel everyone's doubts if the future price of bitcoin can reach 1 million USD.
I am sure there are many that speculate that the price of BTCitcoin will reach a million dollars especially John McAfee and sadly he passed away and he was a biggest speculator in the market even though majority of the things he says does not have any logic. I am skeptical on those stats that we would ever reach a million dollars per coin which means the total market capital was really high.
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November 12, 2021, 08:54:48 PM
 #56

Want to add up that SEC rejected VanEck's Spot Bitcoin ETF and this does not look like a good news for this month. We may see more drops in the price and $100k still looks a proper target to think of, before we see a million as too many hurdles are stopping btc from reaching where it may have been by now. There is high probability of btc coming under $60k once before it recovers its ath and breaks $100k very fast.
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November 12, 2021, 09:31:00 PM
 #57

BTC has entered the second 4-year halving cycle and will rise to 1 million U.S. dollarsin the next 15 years. What do you think? Friends are welcome to discuss together. Smiley
Why not?
We are doubt with Bitcoin before but considering its success now then there’s a high chance that we might reach this level and I would be more happy to hold Bitcoin for this reason. Everything can happen with Bitcoin, its price will also rise as expected I’m super bullish with Bitcoin and I’ll trust its process.
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November 12, 2021, 09:40:26 PM
 #58

Want to add up that SEC rejected VanEck's Spot Bitcoin ETF and this does not look like a good news for this month. We may see more drops in the price and $100k still looks a proper target to think of, before we see a million as too many hurdles are stopping btc from reaching where it may have been by now. There is high probability of btc coming under $60k once before it recovers its ath and breaks $100k very fast.

we need to look at reality here. and right now, that's very far from happening. but ok, let's say in the next 15 years, everything is possible to happen. but do you think there will be no new and advanced technology that will topple bitcoin? we can never be sure of its future as the technology is evolving very fast.
$100k level is more feasible to happen for now, but we can't say never, right?

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November 12, 2021, 11:13:26 PM
 #59

Ehh, that was more ambitious but can't lose such possibility.
But for now, it seems unrealistic, which is certainly too much and very expensive that if the time has come and it reaches $1mil, I don't think that poor people have the chance to invest in Bitcoin, they might just look at the altcoins.

Anyway, $100k is more realistic...Yeah, that we are very close to that price, maybe we can hit it next year. So, I have to encourage people to invest and hold as it can never be in regrets.
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November 13, 2021, 05:39:38 AM
 #60

I think it's hard to predict Bitcoin going up to $1 million in the next few years. Even now, no one knows and predicts exactly how the prospect of bitcoin in the future will be at least 10 years into the future, even though the price is still up and down.

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