Bitcoin Will Never Reach 1 Million

[Sid 589]

I agree with the OP that BTC will be very difficult to penetrate the price of 1 million dollars. Because seen from the price of bitcoin which is now very far from the price of 1 million dollars

[Mdfoisal 14]

As can be seen from the price of Bitcoin, which is now far from the $ 1 million price point, I agree with the OP that the BTC $ 1 million price will be very difficult to enter

[Hendy1 370]

On 10/19/2019 at 12:50 PM, duncun007 said:

I have seen a lot of people talking about bitcoin reaching higher levels up to 1 million but those people never ask where will this liquidity come from? 

before the 2012 halving the price of bitcoin was 12$ and after the halving we saw a marketcap growing from bellow 1 billion to 14 billion and the second halving the second halving the price was 650$ and then the marketcap grew to over 250 billion in late 2017,  i think by now we all know the next halving will be in 2020 so the market will need over 10 trillion dollars for the price to rise up and mining to be profitable, so unless anyone out there can tell me where crypto will get that liquidity from i dont see bitcoin going that high.

It is very difficult to say if the price of bitcoin can reach 1 million. At present the supply of bitcoin is only 21 million at the current price of $ 10,000 meaning that bitcoin has limited supply. If the supply of bitcoin can increase there may be some confidence there and reach the highest peak. Many factors influence future prices by increasing bitcoin demand worldwide.

[hamadahajali 394]

What I saw in the crypto market taught me that everything is possible. The bitcoin price may go up to $ 100,000 but $ 1 million. I don't think so because we need a very large volume of liquidity to reach that price.

[Shaza Ahmad 1682]

I agree with you, the market needs liquidity to rise, but many investors expect the price of bitcoin to rise due to the low supply in the market, so many factors share the fate of bitcoin, not liquidity alone.

[Crypto_trader 46]

Why not, bitcoin going 1 million $ for sure but not now and not this year because bitcoin is king of crypto world bitcoin going rise up slowly and one day bitcoin price 1 Million $

[Zaino34 0]

The price of bitcoin will rise, but I do not think it will reach that because it needs a lot of time and despite all these expectations, the main thing determined for the price remains the supply and demand for the currency.

[MrGeany 297]

yes i agree with you if btc ever reach 1 million it will be like idon't know cause btc price depends on lots of factors and at th esame time they have to work for each other to reach 1 million. i don't think i think 50 K is the good price for bitcoin in the future.

[magd 5231]

You are right in your words. This is logical. The low liquidity will not help those who say it will reach a million, but there must be some people who are cautious now in light of the price drop and who may take advantage of the availability of some liquidity, but I am not sure of that. I feel that this decline is not real.

[Ridam 7455]

Though the 1Million target is huge for the coins and yes liquidity needs there of trillion but we had seen the things on old days when the Bitcoin wasn't even worth 1$. Now it manages upto 10k$ and within 3-4 years sure it will go upto 30-40k$. And 1 M isn't huge.

[Ayush Singh 1175]

No it can't be said by so much of assurity it depends upon the market if the market value of Bitcoin will rise in future then of course there will be a great chance for the users to join and to invest more in Bitcoin so that they could get more and more benefits from it.

[Rickso 768]

On 10/19/2019 at 7:50 AM, duncun007 said:

I have seen a lot of people talking about bitcoin reaching higher levels up to 1 million but those people never ask where will this liquidity come from? 

before the 2012 halving the price of bitcoin was 12$ and after the halving we saw a marketcap growing from bellow 1 billion to 14 billion and the second halving the second halving the price was 650$ and then the marketcap grew to over 250 billion in late 2017,  i think by now we all know the next halving will be in 2020 so the market will need over 10 trillion dollars for the price to rise up and mining to be profitable, so unless anyone out there can tell me where crypto will get that liquidity from i dont see bitcoin going that high.

i also never believed in that price, especially in the short term.

but in the next 40/50 years it can reach like 100k/150k $ without any problem. 1 million it too much, for now it is almost impossible

[rekter 8129]

On 10/19/2019 at 8:50 AM, duncun007 said:

I have seen a lot of people talking about bitcoin reaching higher levels up to 1 million but those people never ask where will this liquidity come from? 

before the 2012 halving the price of bitcoin was 12$ and after the halving we saw a marketcap growing from bellow 1 billion to 14 billion and the second halving the second halving the price was 650$ and then the marketcap grew to over 250 billion in late 2017,  i think by now we all know the next halving will be in 2020 so the market will need over 10 trillion dollars for the price to rise up and mining to be profitable, so unless anyone out there can tell me where crypto will get that liquidity from i dont see bitcoin going that high.

But why would the price have to follow the earlier halving/price pattern? And bitcoin still has mining difficulty adjustment system kicking in if mining isn't profitable. So miners will keep working no matter the price.

[Honny143 13612]

So many experts and analysist predicts bitcoin hit 1 million dollars in future, its hard to imagine but when butcoin is less 1 dollar then any one predicts,bitcoin hit 20000$ dollars in few years but bitcoin touch mark, so bitcoin last coin mine in 140 years later, so its huge take time to complete this process, in this long gap any think happens so I strongly believe bitcoin hit 1 million in future.

[MrGeany 297]

On 3/11/2020 at 8:11 AM, yoasswbi21 said:

It is possible that in the future Bitcoin can reach one million bitcoins, this is possible, but the dollar will depreciate a lot.

how is ist even possilbe? do you know how much is  1 million? and if the bitcoin reaches 1 million how much do you think we can afford to pay for transactions? do you think we will pay 10000 USD for just 1 transaction? no brother i think that bitcoin price won't reach 1 million. its maximum will be 100 K but not in a close feature.

[pablomarwan 3082]

Bitcoin reaching 1 milon may be impossible these days, but fat is not certain for this matter, because every time there is a division, its value increases and the amount of its mining decreases. this is what may happen this year, either it will reach fictional numbers, or it will decrease to the highest level known

[Calvinpriva 17296]

I think that too, 1 million is very big amount and i don't think if bitcoin will reach it. I believe that bitcoin will reach $.15,000 but not one million dollars because its a very large amount.

[Upright 2688]

On 10/19/2019 at 6:50 AM, duncun007 said:

I have seen a lot of people talking about bitcoin reaching higher levels up to 1 million but those people never ask where will this liquidity come from? 

before the 2012 halving the price of bitcoin was 12$ and after the halving we saw a marketcap growing from bellow 1 billion to 14 billion and the second halving the second halving the price was 650$ and then the marketcap grew to over 250 billion in late 2017,  i think by now we all know the next halving will be in 2020 so the market will need over 10 trillion dollars for the price to rise up and mining to be profitable, so unless anyone out there can tell me where crypto will get that liquidity from i dont see bitcoin going that high.

Based on the liquidity of This asset to gain and to assume it to be having to reach such highs values of $1million, as from your analysis there above, maybe as from assumption it is not going to be impossible nor possible to reach there, but what I can say is that time will not always Current judgements analysis, as time and prices will vary on circumstances, 

[bentayebsalah 2280]

Yes, your words are true, it is impossible for Bitcoin to reach 1 million, and this is because it will need liquidity of a very large trading volume

[MrGox 880]

It is just predicting of them. There is not any fact, which we can see. l believe only that, BTC will rise up 1 million and also more than that. Nobody has belief BTC, it was also prediction. But right now everybody tries to join this world, and they are interested in BTC. 

[George10 9932]

I believe it's possible possible for bitcoin price to reach that far in price because it is volatile but it will take decades for this to happen not so soon.

[Trofimova 133]

I think that this in my opinion is unlikely to happen, but it is a double-edged sword, no one in 2009 could not imagine that the peak price of bitcoin will be about 20,000 us dollars. 

[Saj555 2250]

The price of these coins are always changing by time. Sometimes the price of bitcoin goes to 12k usd and sometimes comes down at 4k usd. So the price is never stable and no one is able to find out what will happen next. But there is no possibility yet to reach at 1 M now. But maybe after a decade  it can go at that place. As we know it has a very popular demand in the market and soon it will be high enough in price so the halving is yet to come. And the price will be approximately at 20k usd maybe. 

[jamesvince 2389]

It means now bitcoin price is 6600$ and after halving events we can expecting bitcoins price can goes to more then 25000$ if we compare previously impact of halving on btc price much huge. Hopefully this halving events also gaves us much opportunity to earn and secure profit from crypto market. 

[Saboor 511]

We can't predict when the bitcoin will reach a million dollars, this is just a dream to me, we have not cross even the 20000$, so my expectations for this is very low