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duncun007

Bitcoin Will Never Reach 1 Million

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It is possible that bitcoin can reached 1 million, if you see a lot of people supporting crypto and all of them are investing bitcoin so the demand of the people is high. it can affect the price of bitcoin and it will increased so its possible to reached the 1 million.

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20 minutes ago, imranig said:

It will be morе thаn it! You may sее...Whеn it's соst 30 usd it wеnt up tо 200 USD аnd evеryonе sаid it'll take your сash еtc...But it wеnt tо higher onсe more аnd again.It will proceеd dоing this surely'

I'm not questioning the potential of bitcoin but I'm merely saying where wil be get the liquidity in crypto to have it go all the way up to 50k or 100k?

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Not possible now as most people hasn't joined the crypto world and has not contributed or invested to it. The 1 million usd mark is a very high value and if that happens, it would be hard to earn at least 10 satoshis per day as opposed to 0.00005 mostly we get today on most investment hyips. 

Edited by Great Commander
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17 minutes ago, Saladdin said:

They are just experimenting where they want to see Btc price. We all are aware about this can't happen now but still we are expecting

oh then its called dreaming or wishing not expecting.

21 minutes ago, Senku49 said:

Even 10 years will be not enough for the bitcoin to reach that 1 million target. Bitcoin struggles even at 20000$ value, what more for a million dollar target value? Unless something incredible happened, maybe it can reach that.

yes we need big news of a financial giant to start buying bitcoin but we already know for sure it wont be china because they're making their own crypto now.

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2 hours ago, duncun007 said:

I see you contradicting yourself here because on the one hand you don't see investors coming in crypto because high volatility but in the other hand you still waiting for a boom in 2020...I think only halving will tell.

not contradicting, maybe not expressing as I should 🙂

What I meant was that investors willing to put 10 trillion are no way possible at the moment due to the volatility and adoption problems (BTC won't work for adoption until the Lightning network is at full speed)... but this liquidity exists in other markets

But in 2020, I am waiting to see a boom as the miners already have their bags full and are probably waiting for the halving to get to new ATH and sell .... not a boom to 1 million though

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23 hours ago, dentolas said:

not contradicting, maybe not expressing as I should 🙂

What I meant was that investors willing to put 10 trillion are no way possible at the moment due to the volatility and adoption problems (BTC won't work for adoption until the Lightning network is at full speed)... but this liquidity exists in other markets

But in 2020, I am waiting to see a boom as the miners already have their bags full and are probably waiting for the halving to get to new ATH and sell .... not a boom to 1 million though

Oh in that case I agree with you because we know the price will definitely rise because of halving but we don't know exactly where wil it be. And I keep seeing people saying 80k is possible in 2020 but they never ask who will put even just 1 trillion in bitcoin?

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24 minutes ago, duncun007 said:

Oh in that case I agree with you because we know the price will definitely rise because of halving but we don't know exactly where wil it be. And I keep seeing people saying 80k is possible in 2020 but they never ask who will put even just 1 trillion in bitcoin?

🙂  you are right, people claim the prices are going to surge to crazy values, but they don't even think about the investment in USD that need to come in...

I suspect that the large farm miners, that should also be the market makers (as they'll should be holding large bags of BTC), are the ones behind the bull run... they accumulate during bear season (from eating shorts, trading and mining) and then they pump the prices, people see the price rising and get greedy, than the USD starts pouring in... market makers sell near ATH, and then will later recover their BTC during bear season

If this is the cycle, than they'll surely produce another bull run and will take advantage of the halving for that

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On 19.10.2019 at 08:50, 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 don't think so. 
Something' can happen and bitcoin will go to the moon. 
Like world finance crisis or something like that. [LoL]

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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.

That will be a big mystery for every people who involve in crypto because we don't know if that will be happening in the future or not. But I cannot imagine what will happen if finally, bitcoin reaches 1 million in the future. I think people want to sacrifice their money to buy bitcoin because bitcoin will be worth it at that time.

But 1 million will be too high to reach, and it will need longer to happen although that could be possible happen. I guess that every people who have bitcoin will become wealthy people and they will have so much money in their account.

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I don't think the bitcoin price will reach a price higher than 30k, what coud be its utility? Cryptos are meant to be a easy-to-get currency, not something for the riches to become richest. I think its price will be always under 30k.

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bitcoin will reach US $ 1 million in 2020. "one day", Bitcoin will be $ 1 Million per BTC. Bitcoin (BTC) can reach $ 1 million in the future.

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It will never happen in life and the OP is correct as people would  not trust such things and so many are looking to take out their money when it reaches for $20k or $30k.

After 10 years it may be possible since our life changes and the price of any item would increase in the market. No one can predict such things or no one has a clue that will go high for a while.

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I think the same thing is that the increase of bitcoin from $ 1 to $ 10 is ten times higher but it doesn't require too much investment to reach that price, and the increase from $ 10,000 to $ 100,000 is another, it will require huge capital to invest in the market, so the goal of $ 1,000 000 bitcoin is extremely difficult

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I think that we can not so make a guess, so it is not predictable and its rise and fall depends on many factors, so it may well exceed the mark of 1 million, but it is not accurate)

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10 hours ago, Iwantapony said:

Who what will happen in the future? I think time will change anything which we couldn't assume ever, so Bitcoin price could be more than a million if things goes well.

What do you mean things go right? Things has been going right for bitcoin since it was invented but bitcoin getting to 1 million is too far and need so much liquidity.

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On 10/19/2019 at 11:20 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.

What you are telling is correct but your calculation goes in record of the price which was their on that time, so ultimately when the price goes high on this halving then automatically the marketcap will reach that high. Dont forget that bitcoin supply is limited so after this halving the mining profit will become half so the demand will increase as the supply will become 50% less and the expense for mining also will go up. Now the miners who are big farm miners will only earn as they will be earning through the transaction fees.

So now you can see that the price of bitcoin can go to any extend

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On 11/2/2019 at 11:22 PM, wingfield said:

Bitcoin has a great potential, which few people anticipate. Once the BTC is halved, the costs for mining (electricity, equipment) will double for the production of a BTC. I believe that Bitcoin will be an international currency and its price will exceed $ 1 million.

I like your opinion about the future of BTC.
What you say is very true that bitcoin has huge potential although sometimes the price of bitcoin is going down but I am sure the price of bitcoin will soon go up with time because I believe that bitcoin will become an international currency and bitcoin will soon be recognized by many countries by seeing the price of bitcoin soar.

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4 hours ago, Solainstaller said:

What you are telling is correct but your calculation goes in record of the price which was their on that time, so ultimately when the price goes high on this halving then automatically the marketcap will reach that high. Dont forget that bitcoin supply is limited so after this halving the mining profit will become half so the demand will increase as the supply will become 50% less and the expense for mining also will go up. Now the miners who are big farm miners will only earn as they will be earning through the transaction fees.

So now you can see that the price of bitcoin can go to any extend

Well less bitcoin being mined doesn't mean there would be more demand on bitcoin with low supply because there won't be much demand if the price didn't go up and stayed there after the next halving.

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On 11/6/2019 at 5:50 PM, Dizzy23 said:

I agree with you because btc is progressing slowly let just wait what will happen in future but for me i have faith with btc.

And if you have faith with it then you should have a faith with altcoins too.They will be awesome in the future.But first of all bitcoin has to go up!

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It seems to me that bitcoin in 2020 will rise very much in price, maybe at the rate will take the limit to $ 20,000, we will wait, maybe higher will take the price. That would be cool

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I also think that is very hard to reach so high price because for that will be need that most of money to go to crypto, and this will not happen, but also we can maybe have 100k$.

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That is not true, bitcoin price will continue to increase there will be no fixed limit for bitcoin, has more people gets using it the more the price will go up and keep going.

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On 11/7/2019 at 5:06 AM, Nurul Huda said:

I like your opinion about the future of BTC.
What you say is very true that bitcoin has huge potential although sometimes the price of bitcoin is going down but I am sure the price of bitcoin will soon go up with time because I believe that bitcoin will become an international currency and bitcoin will soon be recognized by many countries by seeing the price of bitcoin soar.

The fact that the BTC price is falling is more important than when it is rising. Once the price drops, it allows potential investors to buy more BTC, which could not have happened when the price was high. This year was a year for investments. When the bull run comes, it doesn't pay to buy BTC anymore. So we have to take advantage of the opportunity.

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Yeah never for now but in the future i think no one can really tell if when we able to reach a million per bitcoin. If the development of bitcoin continues i think it is really possible in the future.

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According to one, the fall in bitcoin was helped by the escalation of conflict in the Middle East and an attack by Iran on Israel. CEO of Galaxy Digital, Mike Novogratz, speculated that bitcoin could reach a new all-time high if the conflict in that region subsided. In this context, he urged world leaders to take control of the situation to prevent a further decline in prices for all financial assets, including cryptocurrency.   In contrast, Michael Saylor, president of MicroStrategy, believes that geopolitical tension will actually benefit bitcoin, suggesting that "chaos is good for bitcoin." Logically, this makes sense: cryptocurrency was born in response to the economic crisis of 2008, making it an alternative means of capital preservation during upheavals. (Note that MicroStrategy, with 205,000 BTC on its balance sheet, is the largest public holder of bitcoin and naturally interested in its price increase.)   OpenAI's ChatGPT did not overlook the international situation either. This Artificial Intelligence believes that if the crisis between Israel and Iran intensifies, the price of the main cryptocurrency will only slightly decrease, and this will be a short-term reaction. More severe impacts would likely be on assets like stocks. Bitcoin, however, is expected to quickly recover its position. ChatGPT, like Michael Saylor, anticipates that an initial drop will be followed by a bullish rally as investors look for a safe haven, potentially driving "digital gold" to a new historical high of $75,000. If the escalation in the Middle East becomes protracted and leads to a series of smaller conflicts, ChatGPT predicts the volatility range for bitcoin could expand: with an initial fall to $55,000 followed by a surge to $80,000.   It is worth noting that the discussed drop in BTC/USD occurred against the backdrop of a noticeable strengthening of the American currency. This was not only due to the dollar's role as a safe-haven asset amid geopolitical tension but also because of a postponement in market expectations regarding the timing of the Fed's easing of monetary policy. After the inflation data published on April 10, market participants decided that the first rate cut would not happen in June but in September, causing the Dollar Index (DXY) to surge sharply. Naturally, the strengthening of one asset in a currency pair led to the weakening of the other: the principle of leverage is irrefutable.   Now, a few words about what awaits the main cryptocurrency after the halving. This year, 75% of the investment influx has been provided by the newly launched spot bitcoin ETFs in the U.S. Their combined balance now totals $12.5 billion, with the U.S. accounting for over 95% of the global inflow into exchange-traded crypto funds. The interest in ETFs has been so strong that BlackRock's fund became the fastest-growing in history.   According to CryptoQuant analysts, the reserves of bitcoin on exchanges will last only a few months at the current rates. Total available exchange reserves have decreased by more than 800,000 BTC and have reached their lowest level in the history of two-year observations. As of April 16, they stand at about 2 million BTC. Assuming a daily influx into spot BTC-ETFs of about $500 million, which at current prices equates to approximately 8,025 coins, it would take just nine months to completely deplete these reserves.   The results of calculations using the Stock-to-Flow (S2F) model, which demonstrates the relationship between an asset's usage and its reserves, show that after the halving, the bitcoin S2F coefficient will reach 112 points. This is nearly twice the S2F for gold (60 points), indicating that by January 2025, bitcoin will become a more scarce commodity than the most popular precious metal.   In such a scenario, another powerful new driver could emerge. Following the U.S., similar investment inflows into cryptocurrency could be provided by spot ETFs in China. According to insider information from Bloomberg, the SEC of Hong Kong could make a positive decision on launching such funds within the next few days. And perhaps the predictions by ARK Invest's CEO, Cathy Wood, and author Robert Kiyosaki, who expect the price of bitcoin to reach $2.3 million per coin by 2030, are not so far from the truth.   As of the evening of Friday, April 19, BTC/USD is trading around $64,150. The total market capitalization of the crypto market stands at $2.32 trillion, down from $2.44 trillion a week ago. The Crypto Fear & Greed Index has dropped from 79 to 66 points, moving from the Extreme Greed zone to the Greed zone.   Finally, a bit of intriguing information for collectors. As it has been revealed, miners have begun active preparations for the "hunt" for the first "epic" satoshi to be mined after the current halving. Whoever mines it might receive a substantial sum, as the estimated value of this "collectible" digital coin could be several tens of millions of dollars. About two years ago, Casey Rodarmor, creator of the Ordinals protocol on the blockchain of the first cryptocurrency, developed a system for classifying the rarity of individual sats. With the launch of "inscriptions," it became possible to number and sell fractions of bitcoin similar to non-fungible tokens (NFTs).   Rodarmor's scale varies from the first "unusual" satoshi in each block to the "mythical" – the very first in the history of the blockchain. One of the highest degrees of rarity is the "epic" sat, mined in the first block after each halving. It is possible that collectors might value such an asset even at $50 million. (Remember that a satoshi is one hundred millionth of a bitcoin (0.00000001), and at the current BTC price, the price of a regular, non-collectible sat is just $0.00064). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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    • Наступило еще одно сокращение награды биткойнов вдвое, четвертое на данный момент, и оно не было похоже ни на одно другое до него, причем институциональные инвестиции впервые сыграли ключевую роль. Уполовинивание биткойнов исторически было связано с одним существенным сходством — последующим скачком цены BTC , который часто происходит через некоторое время после халвинга. Хотя сообществу еще предстоит выяснить, пойдет ли четвертое халвинг по тому же пути, кое-что уже изменилось в халвинге Биткойна в 2024 году. База пользователей криптовалют выросла как минимум на 400% с момента сокращения вдвое в 2020 году Хотя скорость генерации новых биткойнов снизилась со времени первого халвинга, спрос не остался на месте. По данным различных источников , с момента предыдущего сокращения биткойнов вдвое, которое произошло в мае 2020 года , глобальная база пользователей криптовалюты увеличилась как минимум на 400 миллионов пользователей. По оценкам Кембриджского центра альтернативных финансов (CCAF), в 2020 году число владельцев криптовалют во всем мире составило около 100 миллионов пользователей . По оценкам криптобиржи Crypto.com, к концу 2023 года число пользователей криптовалюты в мире выросло до 580 миллионов человек . Глобальные пользователи криптовалюты с января 2023 г. по декабрь 2023 г. Источник. Крипто.com Несмотря на то, что Биткойн является крупнейшей в мире криптовалютой по рыночной капитализации и самой старой, у него, очевидно, меньше пользователей, чем у всей криптоэкосистемы. По данным Technopedia, по состоянию на 2024 год около 2,7% мирового населения будут владеть биткойнами, что составляет около 219 миллионов  человек. Если верить данным, то, согласно расчетам Crypto.com, эта цифра выросла примерно на 208% по сравнению с 71 миллионом пользователей Биткойна четыре года назад. В случае с Биткойном или большинством других криптовалют оценка большинства пользователей не может быть на 100% точной, поскольку анализ транзакций в блокчейне часто неспособен отличить долгосрочных держателей от потерянных BTC, а также других факторов. Ралли биткойнов перед сокращением вдвое в 2024 году еще не наблюдалось Одно из самых больших различий между четвертым сокращением биткойна и тремя предыдущими  заключается в том, что перед сокращением в 2024 году цена продемонстрировала необычайный рост. В предыдущих циклах цена Биткойна регистрировала снижения перед халвингом, а новые исторические максимумы были достигнуты примерно через год после даты сокращения награды ха блок. Например, биткойн не поднялся выше ранее установленного ATH в 20 000 долларов до халвинга в 2020 году. В этом цикле цена Биткойна превысила ATH только через 10 месяцев после сокращения вдвое. На этот раз картина совсем иная. В текущем цикле Биткойн достиг рекордного максимума прямо перед событием халвинга, установив рекорд в 73 600 долларов 13 марта 2024 года. Такого прорыва никогда раньше не наблюдалось, и с этим согласны многие аналитики, в том числе криптоаналитик eToro Саймон Питерс. На этот раз майнеры «лучше подготовлены» к халвингу Невиданное ранее повышение цен на биткойны перед сокращением вдвое потенциально оказало положительное влияние на майеинговую отрасль, поскольку майнеры получили больший контроль над затратами на добычу биткойна. «По сравнению с предыдущим сокращением вдвое, похоже, что майнеры в целом находятся в лучшей форме с точки зрения более низкого уровня долга и потенциально лучшего контроля над своими расходами, такими как электричество», — сказал директор по исследованиям Fidelity Digital Assets Крис Койпер, добавив: «Что также помогает майнерам в этом цикле, так это повышение цен перед  сокращением вдвое — то, чего также не наблюдалось в предыдущих циклах». С момента третьего сокращения вдвое в мае 2020 года потребление энергии при майнинге биткойнов значительно возросло, увеличившись примерно с 50 тераватт-часов (Twh) до 99 Twh 18 апреля 2024 года. Энергопотребление биткойнов. Источник: Дигикономист В то же время объем потребления энергии в сети Биткойн, основанной на возобновляемых источниках энергии, также увеличился: по данным Bitcoin ESG Forecast, на долю возобновляемых источников энергии приходилось 54,5% потребления майнинга BTC по состоянию на январь 2024 года. По данным CCAF, по состоянию на сентябрь 2020 года этот показатель составлял 39%. Первое сокращение биткойнов вдвое с помощью спотовых BTC ETF в США Одна из самых простых особенностей сокращения биткойнов в два раза в 2024  году заключается в том, что это сокращение вдвое станет первым в истории, когда биржевые фонды BTC (ETF) включены в Соединенные Штаты. После многих лет усилий спотовые биткойн-ETF дебютировали в январе 2024 года, открыв доступ к биткойнам для институциональных инвесторов.   По словам аналитика Bloomberg ETF Эрика Балчунаса, спотовые биткойн-ETF добились «ошеломляющего успеха», что, очевидно, отражает всплеск спроса на биткойн.
    • 20.04.2024 Тарифы Kingex 👑   Покупка криптовалюты / Buying cryptocurrency:   BTC/ETH  +1.7% (Мы доплачиваем) USDT  +1.7% (Мы доплачиваем)   ^^SALE^^ от 50k    + 1.9%    Продажа криптовалюты / Selling cryptocurrency:   BTC/ETH  - по запросу USDT   - по запросу   Оператор: @Kingex Сайт: Kingex.io Курс на протяжении дня может меняться! ------------------------ Будьте ОСТОРОЖНЫ, появились фейки! Наш телеграм: @Kingex
    • точно не зна, насчет 1го, но во втором стандартные долбанутые а ля erc20 комиссии   кстати, с наступившим !   можно халвы купить в 5ерочке отпраздновать   и тончик снова припал
    • Представители Федерального бюро расследований предупреждают общественность о распространении программы-вымогателя Akira. Согласно заявлению ФБР , программа-вымогатель Akira Bitcoin ( BTC ) нанесла многомиллионные убытки различным компаниям и организациям в Северной Америке, Европе и Австралии. Вредоносное ПО получает доступ к инфраструктуре предприятия через VPN, получая доступ к программному обеспечению без многофакторной аутентификации. Затем Акира крадет конфиденциальные данные и важную информацию, блокируя доступ к системе. Далее на экране отображается сообщение с требованием выкупа. Хакеры используют биткойн в качестве способа оплаты.   В результате распространения программы-вымогателя неизвестные мошенники завладели более чем $42 млн, затронув более 250 компаний. Первоначально хакеры атаковали компьютерные системы на базе Windows, но позже следователи выявили и Linux-версию Akira. ФБР совместно с Агентством кибербезопасности и безопасности инфраструктуры (CISA), Европейским центром по киберпреступности Европола (EC3) и Национальным центром кибербезопасности Нидерландов (NCSC-NL) выпустило специальное предупреждение. Ранее ФБР опубликовало отчет о мошенничестве с инвестициями в криптовалюту. По данным агентства, в 2023 году этот показатель увеличился на 53% до $3,94 млрд. Как пояснили в ФБР, большая часть афер была связана с обещанием высоких прибылей от инвестиций в цифровые активы и составляет 86% всех потерь от инвестиционного мошенничества. В Соединенных Штатах.
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