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Author Topic: Do you really believe that Bitcoin will hit 1,000,000  (Read 16900 times)
Mobius
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August 02, 2014, 06:38:34 PM
 #121

I've been studying every damn article about bitcoin for the past 9 months and focusing on a macroeconomic level, $6000-$10000 is definitely realistic by the end of this year. If nothing else, just think about the ridiculous amount of infrastructure that currently being built for it AROUND THE GLOBE... its happening whether anyone likes it or not. (unless something completely drastic happens which no one can predict including me...)

With that said, I'm in the process of putting together a project to help facilitate mass adoption of Bitcoin. Let's hope I have something to show the community soon.

Yep the infrastructure and usability is a big factor in Bitcoin
Then you have the Buffet's who say that those two are not connected but that's an older generation of thinking in the digital world technology has proven to be revolutionary in every industry, perhaps the value at times varies but it is nice to believe in the potential utility of a whole new payment system.

Don't forget Buffet was right about dotcom. Whether he is right on bitcoin is yet to be seen.

I don't think he was right about dotcom. Many "dotcoms" failed, but others were successful, and some are even the largest companies in the US as measured by both market cap and by sales.

Buffett really does not understand the internet fully so he does not invest. 
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August 02, 2014, 06:41:43 PM
 #122

I hope so its the only way to get rich after missing first boat  Cry
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August 02, 2014, 07:42:07 PM
 #123

there are too many good coins before it could go high... 1 mil NOT.
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August 08, 2014, 12:19:13 PM
 #124

i hope it can reach a million even more because bitcoin is moving everyday by day.

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August 08, 2014, 12:38:38 PM
 #125

1 million dollar per bitcoin sounds insane to me. Yet again, 1000 dollar per bitcoin sounded insane to anyone in 2009. We never know where is the limit with disruptive technology. It could go to 0 or to 1 million, who the fuck knows tho.

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August 08, 2014, 02:19:39 PM
 #126

maybe when the block will halve two-tree times(2016 is the first btw), 1 satoshi 1 dollar would be the real dream



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August 08, 2014, 03:52:15 PM
 #127

maybe when the block will halve two-tree times(2016 is the first btw), 1 satoshi 1 dollar would be the real dream

I am waiting for 2016. Will not dispose my meagre holdings before that, come what may.
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August 08, 2014, 07:40:12 PM
 #128

Do you really believe that Bitcoin will hit 1,000,000

analyses never ends

Holding 1 bitcoin just in case it happen.

you dont need to hold whole, sell half half btc and buy icecream.  half milion is enought.

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thehappybtc
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August 08, 2014, 08:39:01 PM
 #129

1 million is too high but I think it may reach 100,000$ as its highest value ever.

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August 09, 2014, 02:26:56 AM
 #130

Do you really believe that Bitcoin will hit 1,000,000

analyses never ends

Holding 1 bitcoin just in case it happen.

you dont need to hold whole, sell half half btc and buy icecream.  half milion is enought.

This is after he bought ice cream with the rest of his holdings. Cheesy
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August 09, 2014, 02:04:49 PM
 #131

Yes it could happen in my opinion, bitcoin's market cap is extremely low considering its features.

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August 09, 2014, 04:15:19 PM
 #132

1,000,000 seems like a lot so early on to be honest. Getting into the 100.000's seems more realistic at the moment however I would never rule out bitcoins hitting 1,000,000 in time. It's something that we will not see over night or even in the next few years though.
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August 10, 2014, 05:10:37 AM
 #133

maybe when the block will halve two-tree times(2016 is the first btw), 1 satoshi 1 dollar would be the real dream
I don't think $1 fees would be the dream. Smiley


Why didn't OP make this a poll!!?Huh Why!!???!?!  Undecided

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August 10, 2014, 07:30:47 AM
 #134

I don't think $1 fees would be the dream. Smiley

The transaction fees would get revised once the value of bitcoin appreciates further, I think.
Transaction fees, apart from keeping the miners happy, are a deterrent of spam.
If bitcoin appreciates like crazy, you can't call those satoshi transactions spam.  Smiley
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August 10, 2014, 08:31:04 AM
 #135

Answering to the subject, I'm very bullish I know but in my opinion the possibilities that the btc will hit 1 million $ are high.

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August 10, 2014, 10:12:19 AM
 #136

1,000,000 seems like a lot so early on to be honest. Getting into the 100.000's seems more realistic at the moment however I would never rule out bitcoins hitting 1,000,000 in time. It's something that we will not see over night or even in the next few years though.

Even if I always predict high values for bitcoin, 1 million is really out of my sight, I would not bet a dollar on it.
As ocean (and others) said, 100,000$ could be a realistic value if the adoption will continue to grow at today's rate.

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August 10, 2014, 12:10:35 PM
 #137

1,000,000 seems like a lot so early on to be honest. Getting into the 100.000's seems more realistic at the moment however I would never rule out bitcoins hitting 1,000,000 in time. It's something that we will not see over night or even in the next few years though.

Even if I always predict high values for bitcoin, 1 million is really out of my sight, I would not bet a dollar on it.
As ocean (and others) said, 100,000$ could be a realistic value if the adoption will continue to grow at today's rate.

$100,000 will be sufficient reward for all those who invest in it even today. But they will be regretting not coming in when it was priced less than $100.
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August 10, 2014, 01:21:19 PM
 #138

I don't expect such value for Bitcoin, at least not in short term future- next 10 years.
I think many early adopters will be very happy even if value of bitcoin raise to 10 000 in a next 2-3 years and 1 000 until the end of this year.
If Bitcoin ever hit 1,000,000 something extraordinary should happen, either that bitcoin become official currency in some big country (and replace other official currency) or some other ''great and extraordinary'' event.


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August 10, 2014, 02:30:41 PM
 #139

Lets assume that BTC doesn't gain in "value". Only rises because of inflation.

Today 580

Year XXXX = 1,000,000

Inflation = 4%

580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years

So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power Wink
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August 10, 2014, 02:54:04 PM
 #140

Lets assume that BTC doesn't gain in "value". Only rises because of inflation.

Today 580

Year XXXX = 1,000,000

Inflation = 4%

580*1,04^x = 1,000,000
1,04^x=1724
x= ~190 years

So in 190 years we will see a price of 1,000,000 USD even if BTC doesn't gain in purchasing power Wink

So BTC will hit $1,000,000 USD but none of us will be alive to see it happen.  Grin
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