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duncun007

Bitcoin Will Never Reach 1 Million

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So unless anyone out there can tell me where crypto will get that liquidity from i dont see bitcoin going that high.

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Surely it is, but it cannot be forgotten that if we take into account the accumulation phase if at least 80% is reached, the price is ready to start rising, it should be noted that when Bitcoin was at $ 1 nobody thought that it would reach $ 100 and when it was at $ 100 no one thought it would reach $ 1000, no one can say it will not reach $ 100K...

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Yeah, Bitcoin also has reached 10 thousands dollars mark, but i do not think, that it can reach 1 million dollars in the near future, it is just impossible. If that happens, the world won't be the same 

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It is very likely that Bitcoin will never reach a million dollars, but it is not a secret for anyone that its price will continue to grow as long as it remains in the market.

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Being very sincere, I do not believe that bitcoin reaches one million, normally its price has been maintained in recent years, with its ups and downs, but always reaching the same price. A sharp increase in this currency will have a significant impact on the economy.

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I believe that it will not reach this amount, especially in the near time. It is difficult to reach this amount, as it takes a long time to reach it

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In the near future, it will be possible to pay with Bitcoin in stores. I believe in it. Most likely, the demand for bitcoin will rise and the price will rise significantly, it will definitely reach this mark.

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Se estima que para el 2140 habra un límite de 21 millones de BTC, por lo tanto creo que el precio va a crecer tanto como existan personas capaces de pagarlo.

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A $ 1,000,000 cost is unrealistic. Too many people have bitcoins in their assets and such a rise in the price of bitcoin hello to some unknown market excitement. I believe that such a development of events is impossible.

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what will happen is the pleasure of everyone or the user seeing the price reach its peak, but I do not think that will happen, dude. look, the recent decline. do you think it's potentially good for 2020 later? certainly not, is not it! according to me in the year 2020 the price will be normal and only increased slightly, but at least it will be better. too early to discuss the price will reach $ 1 million during such situations.

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The macro trend of bitcoin is bullish and is being adopted more and more. Time will tell if it reaches $ 100,000, as many analysts have said.

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say or affirm that Bitcoin will not reach $ 1M is something very stupid, when btc reached 1000 dollars after it was worth less than 5 dollars they began to believe, there is only little left to make history, maybe a few years, but not as much as in the stock market.

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On 10/19/2019 at 2:50 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 see that if it reaches that maximum of 1 million per btc, the largest institutions in the world are not even entering now more than ever we know that bitcoin is the store of value.

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You always have to be aware of the payment system that is generated in the portals where you decide to invest because the rate varies every day.  Anything that is additional will serve to increase its value del Bitcoins.

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It could be that yes or no it reaches 1 million, only time will tell but with the history that Bitcoin has taken in these years and the adoption that is emerging by people about using Bitcoin as other cryptocurrencies it may already be possible in These times, companies invest in Bitcoin important people from different media every time they are driven a little more.
 

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I think it is simply impossible for any currency to cost a million dollars per unit, even bitcoin. I believe its peak price will be about 50K not higher

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Who knows, time passes and things are changing, let's wait to see how time goes by and taking advantage of the opportunities that bitcoins and other cryptocurrencies offer us and thus be able to continue winning while everything else happens.

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It is possible bitcoin reach 1 million but it takes too long to reach that price.if itcoin become a global currency it could happen. In that case, bitcoin marketcap will be 11 times higher than amazon.

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6 hours ago, Alex9901 said:

I believe that if it is possible friend, society is advancing more and more towards online technologies and physical money is increasingly obsolete, in my opinion the current currencies slow down the development of many countries, besides producing it is expensive and time consuming, It would be more efficient to worry about internet security and to make more modern and secure servers to migrate to a digital economy, which I see far away but I think we are going there, I see a future where only cryptocurrency is used and Being the most used bitcoin this could be the only one that is used to base the economy of many developing or already developed countries.

 

I think it can reach 1 million but in the very long term, because for that you need a lot more liquidity and mining profitability than there is today, but that is what we are going towards. And what else is needed to reach that value It is more awareness on the part of the people of the virtues of cryptocurrencies and for that we are all of us who are like the unofficial spokesmen of crypto ha!

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It could reach the amount of 1 million Bitcoin, perhaps it is possible since a great growth in its price has been noticed over time until now, apart from being a limited asset that makes it even more valuable.
 

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The price of bitcoin from my viewer does not depend only on liquidity, but on popularity, so if people learn about bitcoin and everyone wants to buy bitcoin not everyone who has a bit of bitcoin will ever set a lower price and will directly increase the price many times, even without liquidity, due to the large order on Bitcoin, for example, I have 1 bitcoin if there was a hype around the world about cryptocurrencies and that the world would go to it and people want to buy it, meaning the order has increased twice as much, so I will not sell 1 bitcoin for less than $ 100,000, in order to increase the large number of orders and so on.
Therefore, I believe that Bitcoin can in the near future reach higher levels than expected, not impossible.
Written by Hassan.

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In my Forex classes, a professor once told me that the value of a cryptocurrency is given by the number of users that the cryptocurrency has. If people leave a cryptocurrency that currency loses value but if people use the cryptocurrency bitcoin in this case, which has more users every day, then logically it should go up in price in the coming years.
In addition, bitcoin has the advantage that it is the first cryptocurrency that existed and since they have a limited number of bitcoins that are going to be created, the more scarce, the more price it will have.

Bitcoin may be very volatile but it always tends to rise.

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When seeing the growth of bitcoin in a very few years, I could say that if it would reach one million and it could be up to more than one million because it is a virtual currency that is gradually expanding throughout the world and as it expands its value increases more and plus

more

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I really laughed. My brother, Bitcoin has only 21 million coins. And the country in which I live has a population density of over 30 million. We are now seeing a high demand for digital currency. Imagine with me, every person who understood the matter in positive terms and bought a Bitcoin unit and stored it and would not consider selling it. We can see its price at $ 1 trillion

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