A recent Wall Street Journal article about $1 Million = 1 BTC possibility!

[kooke]

These silly predictions do more harm than good for adoption of BTC.

[BayAreaCoins]

That brief article is really nice, but some people are posting negative comments on it.

just Google "wsj Bitcoin Price…to $1 Million?"

I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin (and enjoy it.)

[go4nature]

It will not happen in our times. The bitcoin price is oscillating at 425 to 450 for last few days. We should concentrate  to reach $500

[Light]

Yeah no. Unless there is a massive devaluation in fiat so that the price of BTC skyrockets I'm skeptical we'll even reach 10K per coin before 2040 let alone one mill per coin. You guys are really dreamining a little too big here 

[mktrader]

These silly predictions do more harm than good for adoption of BTC.

It will not happen in our times. The bitcoin price is oscillating at 425 to 450 for last few days. We should concentrate  to reach $500

Yeah no. Unless there is a massive devaluation in fiat so that the price of BTC skyrockets I'm skeptical we'll even reach 10K per coin before 2040 let alone one mill per coin. You guys are really dreamining a little too big here 

Some old Bitcoin experts actually have the technical data to forecast such a high price! Not saying that they are right or wrong, but these guys have been right in the past with regards to pricing forecasts!

See their opinion here:

https://bitcointalk.org/index.php?topic=366214.0

https://bitcointalk.org/index.php?topic=345065.0

Again, in my opinion, $100,000 is more probable and likely compared to $1 million in medium term.

[giletto]

That brief article is really nice, but some people are posting negative comments on it.

just Google "wsj Bitcoin Price…to $1 Million?"

Possible. But if 1 Bitcoin is 1 Million Dollar worth the price for 1 small McDonalds Meal will be around $10.000.

These silly predictions do more harm than good for adoption of BTC.

+100

Because now possible investor thinking, the Bitcoin dreamer are totally fools.

[Light]

Some old Bitcoin experts actually have the technical data to forecast such a high price! Not saying that they are right or wrong, but these guys have been right in the past with regards to pricing forecasts!

See their opinion here:

https://bitcointalk.org/index.php?topic=366214.0

https://bitcointalk.org/index.php?topic=345065.0

Again, in my opinion, $100,000 is more probable and likely compared to $1 million in medium term.

Widespread adoption would be necessary to enable such prices to occur, and honestly I feel that people view Bitcoin as a medium of investment rather than an alternative payment system it is designed to be. As such it is not going to ever reach the same degree of 'value' as fiat takes up unless it replaces fiat and since I'm doubtful of that happening by logic I'm extremely doubtful of reaching even 10K.

[jubalix]

Heres a hint 1T is not that much money these days.

7 billion people spend 100$ thats close enough to 1T a day we burn through in this world, and $100 is a low estimate, and each year the wealth builds as you build on all histories preceding infrastructure.


21T is a bit, but not that much, good for about a month of spending for the world if that, and thats only needs, not investments etc.

So can BTC get to the value of 1 months spending for world, sure can.

[rohnearner]

This conversation and arguments sounds totally absurd at this point of time when we are struggling to get back to 1000$ , why don't just concentrate on that..! rather 1m$ that is quite impossible in our times..! I'll be more than happy if we achieve the 10k mark in next 5-10years.

[ashapasa]

It's a good dream, what's the point if we can't hope right.

[giszmo]

Soooo much blasphemy in one thread?!?! WTH? Of course btc will go that high! 

[gentlemand]

I think it depends on what the world decides it wants Bitcoin to be.

If it is steered into becoming digitally turbocharged gold rather than a day to day currency then a mil feels more likely.

And people keep forgetting that market cap is an academic figure bordering on irrelevant in the real world. There'll be more hoarding. The 21 million total is a fairly long way off yet and a big chunk of the coins that were mined are already gone forever.

There's an awful lot of value out there beyond fiat currencies looking to be parked, exchanged and moved around.

[bryant.coleman]

These silly predictions do more harm than good for adoption of BTC.

I think that the opposite is true. At least some institutional investors will take notice of BTC, and will start investing in it.

[mktrader]

These silly predictions do more harm than good for adoption of BTC.

I think that the opposite is true. At least some institutional investors will take notice of BTC, and will start investing in it.

Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]

[bryant.coleman]

Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]

That is real great news.

I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin (and enjoy it.)

Yuck.... you can do whatever you want, as long as you don't force us to watch what you are doing.

[BayAreaCoins]

Yes, and it looks like some of these institutional investors are already taking notice:

http://www.entrepreneur.com/article/230346
[Article: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin]

That is real great news.

I will eat a dog turd on live web cam if Bitcoin hits $1 Million a coin (and enjoy it.)

Yuck.... you can do whatever you want, as long as you don't force us to watch what you are doing.

At least you could afford a good counselor afterward!

[kodtycoon]

You also have to take into consideration the availability of technology to be able to implement it as a worldwide currency... Anyone can have access to dollars because they can hold it in their hand, such as people in Africa. They cant hold bitcoin in their hand, because they need advanced technology, and people in Africa have little to no access to advanced technology as of right now. This is also the case in other LDCs (Less-Developed Countries). One might say it does not matter because LDCs don't really help the world economy, though. Its all a matter of opinion.

once the price starts to stabalise people will just use paper wallets as money.. i just see the only difference being the paper wallets have scratch card type stuff on them to cover the private key or have to be peeled apart to reveal the private key.. would that not be that same thing as "holding" usd.. people will accept them because they no they would be able to go into a shop that sells them and sell them back to them or give them to someone else as "money"... no idea how they would prevent counterfits but im sure someone will come up with something