Will BTC hit 1M ?

[YOSHIE]

Will BTC hit 1M ?

If you refer to several sources that say about Bitcoin speculation, of course you will find hundreds of speculations that say Bitcoin this year will reach the point of $1 million, on the other hand you will also find that Bitcoin will reach the level of more than $1 million.

Although there are various speculations that we can see about the price of Bitcoin this year, I just think Bitcoin is sitting at the $80k level and nothing more, that's my personal speculation, The point is that we all have varying understandings about Bitcoin, all the prices that have been mentioned in various sources, return to our respective beliefs, hoping that whatever happens will be better for all crypto users.

[BABY SHOES]

Bitcoin - 1M in 15 or 20 years? That is still reasonable but it is a long time when people continue to be in the crypto space every day then it will feel bored waiting for it, unless he leaves money in bitcoin and then leaves believing he will forget that time and come back when it comes.

This is not easy even when the price passes $500K it will shock the media and all because bitcoin is already high especially with 1M of course the holders will sell because the profit is much higher, I think people will see bitcoin can go down if it is not sold at $500K in my own scenario.

But of course I want a long time holding bitcoin within two decades, will this be able to? Of course I don't know, sometimes retail investors always need money, especially if the profits are high.

[wxa7115]

Will BTC hit 1M ?

If you refer to several sources that say about Bitcoin speculation, of course you will find hundreds of speculations that say Bitcoin this year will reach the point of $1 million, on the other hand you will also find that Bitcoin will reach the level of more than $1 million.

Although there are various speculations that we can see about the price of Bitcoin this year, I just think Bitcoin is sitting at the $80k level and nothing more, that's my personal speculation, The point is that we all have varying understandings about Bitcoin, all the prices that have been mentioned in various sources, return to our respective beliefs, hoping that whatever happens will be better for all crypto users.

Speculators have been predicting that bitcoin could reach one million dollars per coin as soon as the 2017 bull run, and it has not happened yet, but for those that have been here long enough, we know it is inevitable that this will happen, but I doubt it will happen during this bull run or even the next one.

We will need to wait until the 2032 bull run at the soonest to see that price and I am fine with that, as this means that we still have a lot of time to accumulate more bitcoin and take advantage of such a high price when it finally appears.

[cakravothy]

what is 1 M, 1 million dollar.
i think imposible even if bitcoin it reaches that price 1 million dollars , people will no longer use bitcoin. why is the sending fee so expensive and not competitive even compared to fiat money?

[OgNasty]

The way that Bitcoin is built there are really only two options. Either it will continue to rise in price when valued in fiat currencies or it will crash and become worthless. I don’t really see a future where Bitcoin is stable. It would take an incredible balancing act of a myriad of circumstances.

[rodskee]

Dont be blind open your eyes

I am not blind but I am looking only for reality and Hitting 1 million will not happen tomorrow or in
the next coming months so I know for a fact that it is exaggerating to seek for that much profit in the earliest time.

Indeed that 100k is near the table and can be happen in the next coming year but not that 1
million , I am not Fud but I am not also shill.

[AnonBitCoiner]

I think only those can wait for 15 to 20 years who have patience but if a person is in struggle to make quick profit then bitcoin is not an option for him. This is a good idea to keep bitcoin investment for your children but before giving him the control of asset teach him each and everything about bitcoin.

It does not mean that if you give bitcoin to your children then they will successfully earn profit but they have to use their knowledge and patience to move their investment in more secure and profitable way. 1M worth is very higher and it will take years and is not possible to happen in four or five years.

[348Judah]

It is Clear that bitcoin will be the only Currency for payments

What is the evidence to this, we cannot conclude yet, bitcoin can be the mainstream digital currency but doesn't equally means that the world will only have it as a means of payment, fiat may also exist along and the future ahead will determine which one will the people value more with higher priority.

Like there will be no Cash or VISA

we can't say as well, not until we see what comes in with bitcoin global adoption and the way it has been accepted as a legal tender by many countries, but we are definitely heading somewhere.

[Nrcewker]

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

[peter0425]

People denied bitcoin will ever reached 1000 dollars but now we seen it crossing more than 69 thousand dollars so what more that 1 million price?

but the same answers from everyone is that Time, when will we meet this price and that is something everyone must understand and keep waiting.

I believe that we will hit this price but maybe we need to wait for at least another couple of years or maybe another 13 years who knows.
what is important that our trust and our willingness to keep the wait for this to happen.

[beerlover]

It is Clear that bitcoin will be the only Currency for payments

What is the evidence to this, we cannot conclude yet, bitcoin can be the mainstream digital currency but doesn't equally means that the world will only have it as a means of payment, fiat may also exist along and the future ahead will determine which one will the people value more with higher priority.

There are absolutely no clues to that at all. Some people are just way too overboard with bitcoin world and I understand how excited they could get about it but we are quite certain that bitcoin will stay an alternative. It could very well be something that turns into legal tender one day in many nations, even then it won't be all nations but just some of them, but I believe that the best thing we could do at the moment would be just accepting it the way it is at the moment.

I believe that bitcoin will not become the single currency that everyone uses, of course it can be used and accepted in many more places and by many more people but that is just the adoption rate going up, it doesn't mean that we are going to do fine.

[Cryptoprincess101]

Speculating Bitcoin to reach 1M may come to reality if we look back at the price movement of Bitcoin since it was invented till now and it's assumed that about 2 million Bitcoin is yet to be mined to complete Satoshi's already speculated total Bitcoin of 21 million and the remaining 2 million is expected to be mined within 120 years so making a speculation of Bitcoin reaching an ATH of 1M is achievable though it may not be within your speculation of 15-20 years.

[Easteregg69]

Well, I believe that there is a possibility of reaching $100k someday but hitting $1M in the future is quite impossible. Even people are using the DCA strategy but it is too expensive and poor people can't afford it anymore. And even if the demand reaches too high, I couldn't still imagine it, maybe $200k is fair enough. If ever it happens, I don't see any reason that urge people to invest and hold for this won't just it concerning about the price but the hacking incident may give doubts to people.

But anyway, I don't think this is the right board for this topic. I believe this should be on the speculation board . edit

It's up +105882790.15%. From all time low.

[kentrolla]

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Most of us knows that Bitcoin will hit $1M but the real question which no one could answer is when? When would it hit that figure? Because people are impatient and even if they know that Bitcoin will touch $1M in ten years and if there is a slight drop in price they would end up selling out of panic. I don't think most of us would hodl Bitcoin from now until $1M. Best would be doing DCA until it reaches $1M but with our own deadline as we might not be able to wait our whole life.

[STT]

Looking at the bitcoin rainbow chart, i am a little pessimistic about the bitcoin price projection, it says that bitcoin will reach $773,000 in 2028, that's too soon in my opinion, i think we will be at that level by 2040+.

Thats a good chart because it refers to a spectrum of possibilities just like light can defuse into multiple perceivable outcomes from the same initial shaft of light.   So that chart says its even possible we dont get to 100k by 2028 and its certainly not for sure that we get any of the higher prices through a whole possible range of prices for BTC.

Theres an estimation there that the rate of change for BTC is slowing down.   Its hard to say as the Dollar itself for this price is not a stable rate of change either, so we arent talking an absolute value in the future as it will not exist.  The dollar of each year is not equal to the dollar of any other year, its a unit of currency that constantly alters ironically quite unstable which is often how they criticize BTC as not valid.

To answer OP its possible and at this point quite probable a million is a possible figure for BTC in nominal terms.  Its also true it could take ten years or more to do so, its still an impressive feat imo.

[bettercrypto]

Most of people want microwave results and most of them are not patient
It is Clear that bitcoin will be the only Currency for payments
Like there will be no Cash or VISA

You can clearly see here on Bitcoin Rainbow Chart https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/
That soon will hit 100k EZ and to 1M on Future

Be a Smart and Wise person Invest an amount for your Children Future on a Cold Wallet and never move those coins till your kids finish High school
So like 15-20 Years from now !

Many people limit their profit by not taking the right actions but trust me every penny worth
Even if u have low budget to invest for your kids do it , and save it for more than 15-20 years
e.g if u put today 100$  on BTC to save for ur Kids future , when they are 20 years that 100$ will go up and down in hours as bitcoin will hit High price

Dont be blind open your eyes

Yes, it is possible that Bitcoin will reach that; we are just not sure if after 10 years or 20 years. But I think 20 years seems like a long time, in my opinion. Actually, in the next bull run, I will gradually accumulate bitcoin because, right now, I am saving, but it is not my priority to really accumulate quickly. Although I know that this bitcoin is already proven,.

But if I really have a lot of money to buy Bitcoin, I will do it; I'm just not a rich person to do that, so only DCA can do it now so I can do what I want now for the future. And I do it for my family too.

[DanWalker]

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Most of us knows that Bitcoin will hit $1M but the real question which no one could answer is when? When would it hit that figure? Because people are impatient and even if they know that Bitcoin will touch $1M in ten years and if there is a slight drop in price they would end up selling out of panic. I don't think most of us would hodl Bitcoin from now until $1M. Best would be doing DCA until it reaches $1M but with our own deadline as we might not be able to wait our whole life.

If bitcoin can maintain its growth rate, it is entirely possible for bitcoin to reach $1 million. But you are right, the problem here is that not too many people will be able to hold bitcoin until it reaches 1 million USD because we all need money for our lives. Our goal when investing in bitcoin is to find profits to serve our lives, so when we need money we will have to sell it.

Also, I want people to realize that even if we cannot hold bitcoin until it reaches $1 million, we should still invest in it even if it is worth $1 million. As long as bitcoin is volatile, we still have the opportunity to profit from it, so I hope newbies understand this well enough to know that it is never too late to invest in bitcoin.

[Taskford]

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Most of us knows that Bitcoin will hit $1M but the real question which no one could answer is when? When would it hit that figure? Because people are impatient and even if they know that Bitcoin will touch $1M in ten years and if there is a slight drop in price they would end up selling out of panic. I don't think most of us would hodl Bitcoin from now until $1M. Best would be doing DCA until it reaches $1M but with our own deadline as we might not be able to wait our whole life.

If bitcoin can maintain its growth rate, it is entirely possible for bitcoin to reach $1 million. But you are right, the problem here is that not too many people will be able to hold bitcoin until it reaches 1 million USD because we all need money for our lives. Our goal when investing in bitcoin is to find profits to serve our lives, so when we need money we will have to sell it.

Also, I want people to realize that even if we cannot hold bitcoin until it reaches $1 million, we should still invest in it even if it is worth $1 million. As long as bitcoin is volatile, we still have the opportunity to profit from it, so I hope newbies understand this well enough to know that it is never too late to invest in bitcoin.

For having the supply is limited for people to acquire globally for sure this 1 million price target would provably get achieve knowing that there's a lot of people around the globe that provably ready to acquire once this is been legitimized by their government and call it as currency or good investment to anyone. Bitcoin is always volatile and I think the only way it can reach into that goal is if there's a lot of demand will pass thru the market and there will be a big hype will be created with some news then maybe that trigger for a bull run that can possibly help the price to reach at that 1m level.

Hopefully we can make them understand that there's nothing called late in bitcoin since they could able to decide on when they want to enter and at what figures they are comfortable to start with.

[Fara Chan]

what is 1 M, 1 million dollar.
i think imposible even if bitcoin it reaches that price 1 million dollars , people will no longer use bitcoin. why is the sending fee so expensive and not competitive even compared to fiat money?

Wouldn't all of that be worth the price when Bitcoin becomes more expensive? There is no need to worry and be afraid of that delivery fee problem because everything will be so appropriate when someone makes a transaction with one of the best assets that has been around for a long time in the crypto space. And I myself find it surprising that those of you who already have a ranking this high still think like that which basically has never been thought about by other people who continue to hope to see the price of Bitcoin at an even higher level than now.

So I think your thoughts like that are really funny and don't make sense. Because in general, when Bitcoin becomes more expensive, of course everyone will continue to look after it very well and will not just release it into the market so that this can make the network for sending Bitcoin more stable and will not become expensive in terms of costs.

[Falconer]

-snip-

Wouldn't all of that be worth the price when Bitcoin becomes more expensive? There is no need to worry and be afraid of that delivery fee problem because everything will be so appropriate when someone makes a transaction with one of the best assets that has been around for a long time in the crypto space. And I myself find it surprising that those of you who already have a ranking this high still think like that which basically has never been thought about by other people who continue to hope to see the price of Bitcoin at an even higher level than now.

So I think your thoughts like that are really funny and don't make sense. Because in general, when Bitcoin becomes more expensive, of course everyone will continue to look after it very well and will not just release it into the market so that this can make the network for sending Bitcoin more stable and will not become expensive in terms of costs.

No, transaction fees and scalability will always be considered an issue by some users. Luckily, bitcoin gives us the option to determine our own fees regardless of how long you have to wait in line to be mined. The greater the fees you incur, the faster your transactions will be mined. Cost issues will always be a problem, but you don't have to lose solutions to handle them.

People always expect transaction fees to be cheaper or even close to zero. I don't remember when I did a transaction with 1 sat/byte, but it was probably a long time ago since fees became more expensive. We have alternative options, and so do other users.