Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: S.coastapps on November 11, 2019, 02:53:16 PM
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Bitcoin (https://www.thecoinrepublic.com/tag/bitcoin/) market cap is $160 billion whereas gold standing unbending at $ 8 trillion marketcap, in spite of a huge separation in the worth level, Lee feels that by 2028 the game would totally switch and BTC will supplant gold in each perspective.
he says
“I predict the flippening will happen within 9 years and $ BTC will shoot up past USD $500,000 “
Lee feels that the constrained market supply and a fixed number will be the key patron having a noteworthy influence to support up BTC value in 10 years. He guarantees that the BTC cost will be significantly increased in only 10 years. Not at all like gold which can be drawn through mines, the unequivocal number of BTC will make it more rare and significant than gold.
Source: TheCoinRepublic (https://www.thecoinrepublic.com/bobby-lee-btc-price-to-escalate-to-1-million-in-a-decade-surpassing-gold/)
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Haha, would be great! doesn't look very credible though :-[
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I wonder what he thinks about the reveal that the big rally to $20,000 was caused (https://theforexreview.com/2019/11/06/new-study-reveals-a-single-large-player-behind-bitcoins-20-000-peak-two-years-ago/) by a single whale.
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What formula does he use for this? $1 Million is still far away from the current price, I don't say it is impossible but it seems a bit unreasonable for now. Anyway, just hope that Bitcoin can survive longer and can really be adopted by most countries in the world. For now, I have no idea to predict how much the price in the next 9 years.
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I don’t think that bitcoin will ever even be able to approach one million dollars in value. Any cryptocurrency cannot rise so high in price. This contradicts all the laws of our economic development. So what is bitcoin limited in supply? In the world there are a lot of objects and phenomena, which are limited in their quantity. Moreover, now a lot of cryptocurrencies have appeared on the cryptocurrency market that have significantly surpassed bitcoin. And how many people are there who, for example, will buy bitcoin for half a million dollars during its growth, risking that it can again fall in price to several thousand dollars?
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Bobby Lee has always been very optimistic about the price of cryptocurrency. I personally do not think that bitcoin will ever be able to reach a price of one million dollars. Talking about it has no economic justification. In our world, a lot of things have a limited amount, but this does not make them insanely expensive in price.
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It's not wrong he predicted the price of Bitcoin will reach $ 1 million in this decade, and we also have our own predictions about the price of this Bitcoin. Of course, every prediction of the price of Bitcoin must have a good reason, so that what we say can make sense and be accepted by many people. If it were true that the price of Bitcoin could rise to $ 1 million, this would make people who don't believe in bitcoin gape, and turn Bitcoin holders into a tycoon.
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No, this will not happen in ten or twenty years. I very much doubt that Bitcoin will ever be able to reach the price of half a million or one million dollars. No cryptocurrency can ever have such a high value. This will not only contradict all economic laws, investment in cryptocurrency at its high price, given its unpredictable volatility, is not just risky, but simply adventurous. I do not think that there are many investors who will buy bitcoin even for half a million dollars, risking in a few days to see its price of ten thousand dollars.
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It could happen in the 9 or 10 years because bitcoin has limited supply so there is possibility that bitcoin could reach $1 million price.. When I was newbie in the crypto world, I remember the price of bitcoin was around $800.. I didn't expect it could reach $20,000 in just 1 year so why not in the future reaching $1 million.
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I really like his optimism and I would like the price for Bitcoin myself. But it seems to me that this will not happen. I think the maximum price of Bitcoin will be $ 100,000. And it really will not happen soon.
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I think that from a purely practical point of view, the price of bitcoin will not be able to rise to a million dollars. Firstly, in order to rise to a million, Bitcoin needs to grow and fall before it very many times, gradually approaching a million. We already saw what happened to the market when, in December 2017, bitcoin grew in price to $ 20,000. After that, the price of bitcoin fell to $ 6,000 and the market was stagnant for almost two years. Altcoins still can not recover. This is on the one hand.
On the other hand, an increase in the price of bitcoin will inevitably lead to an increase in the offer for its sale and, according to the laws of the market, the price should fall. Probably few will risk it and not sell their bitcoins if it grows to half a million and we will know that at any minute it may fall about ten times.
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For a long time, many analysts predicted a rise in the price of Bitcoin to several hundred thousand dollars, but judging by how slowly its price rises, now there is a risk that it can never rise even above $50,000. Unfortunately, it is impossible to predict its future price, but given that the crypto industry is developing and the number of users of cryptocurrencies is growing, I think it is quite possible that the price of Bitcoin will increase and in the future will rise to $500,000.
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Why do you think it will rally that high?
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Many thought that Bitcoin would rise in price by the end of the outgoing year, but this did not happen. It is even slowly losing value in this last month. What should happen in order for Bitcoin to so quickly grow in price and rise to such heights? No, bitcoin will not rise in price even above $ 50,000. I see no objective reason for this.
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Impossible,, I don't believe bitcoin will across over million or even 50k. Many people predict what they think. But bitcoin price dumping always instead of pumping from 2018and 2019 whole time.
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He guarantees that the BTC cost will significantly increase in only 10 years. Not at all like gold which can be drawn through mines, the unequivocal number of BTC will make it more rare and significant than gold.
Almost the same as my thoughts and this is very I [think from the beginning when I got to know the main cryptocurrency namely Bitcoin.
Gold is very strong and dominates in real life, it can even protect a country with a strong economy if it has a lot of gold.
Bitcoin will be very strong if it is depleted in mines and owned by a handful of people who hold for the future.
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Perhaps. But that is not the immediate future, I think.
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How way he pridicts bitcoin will reach 1000000 in 2020. I don't believe this information at all because it is not possible to aquare 1 million. Highest bitcoin will reach over 20k in upcoming days. If bitcoin will reach 1 million then it will be a miracle.
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McAfee predicted that the price of bitcoin at the end of this year will reach one million dollars and recently abandoned his forecast, saying that it was a joke. Bobby Lee extended his similar forecast for a decade. A lot can change in ten years. Moreover, you can’t live up to this time. However, I do not think that Bitcoin will ever be worth a million dollars. In our material world, this is unrealistic.
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McAfee predicted that the price of bitcoin at the end of this year will reach one million dollars and recently abandoned his forecast, saying that it was a joke. Bobby Lee extended his similar forecast for a decade. A lot can change in ten years. Moreover, you can’t live up to this time. However, I do not think that Bitcoin will ever be worth a million dollars. In our material world, this is unrealistic.
However it still can be happen in a 1000 years more perhap.. A million bitcoin in 1000years is not imposibble to reach.. but in real life i would agree with you mate. it just a dream to get there.
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Whilst sudden mass adoption of the asset could make this a reality, it’s highly unlikely given Bitcoin’s current scaling difficulties.
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The next few years of the development of cryptocurrency and, in particular, bitcoin will determine whether Bitcoin will continue to grow significantly in value. I think that he is unlikely to be able to rise in price above $ 50,000. Although, maybe I'm wrong. Time will tell. However, I do not think that bitcoin can ever be worth a million dollars.
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I am not very convinced by the theory that a limited number of bitcoins will stimulate the growth of its price to a million dollars. In our world there are a lot of rare useful items, but they do not grow to such cosmic prices. We have already seen what happened to the cryptocurrency market after the price of bitcoin rose to $ 20,000. The high price volatility of cryptocurrency in practice will constantly inhibit its growth. In addition, after several waves of growth and fall in the price of bitcoin, there are many who want to invest in it at high price values, knowing that it will most likely fall in price again.
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Too unrealistic numbers, of course, anything can happen, but to see price 1 million dollars for one Bitcoin, I can’t even imagine what should happen for this, well, at least Bitcoin should become legalized all over the world.
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That number is completely unrealistic. World financial institutions will never allow it. And if it does happen fiat currency economy will be in shambles.
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McAfee predicted that the price of bitcoin at the end of this year will reach one million dollars and recently abandoned his forecast, saying that it was a joke. Bobby Lee extended his similar forecast for a decade. A lot can change in ten years. Moreover, you can’t live up to this time. However, I do not think that Bitcoin will ever be worth a million dollars. In our material world, this is unrealistic.
However it still can be happen in a 1000 years more perhap.. A million bitcoin in 1000years is not imposibble to reach.. but in real life i would agree with you mate. it just a dream to get there.
If this were so, then we would at least hear something about digital currencies from the history of mankind. We are definitely not the first human civilization on this planet. Even now we do not have the high technologies that a person had before. However, there is no mention of digital money. After a thousand years, perhaps our ancestors will again live in the Stone Age and hunt animals with primitive spears.
So far, at least we already have the opportunity to perpetuate cryptocurrency.
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Between possible and impossible, but I doubt bitcoin will be able to penetrate the price of $1 million.
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Its realistic bitcoin will be 1M$ in decade, we know bitcoin will be only max 17M coins by 2045, because so many btc lost at early stage. If compare with gold with unlimited supply, sure bitcoin will be more expensive than gold, plus bitcoin can transfer anywhare anytime, with just a small fee to cover transaction, i believe in near future bitcoin will be a real world currency, not just alternative currency right now, people more aware about privacy nowaday, and with recent pandemic corona virus and the central bank inject so many fiat money to circulation make fiat money value decrasing again and again, this things can make bitcoin adoption faster than we think
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a very astonishing estimate that bitcoin reached $1 million in a decade, and I find it hard to believe prices that high.
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This is a bit tough to happen, even though there’s a major positive development happening that could propel the bitcoin price higher,but not $1 Million in a Decade.
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
What does the state have to do with it when bitcoin is decentralized. Countries can impose a tax on the use of cryptocurrency, which has already been done. An excellent article, written in 2019, the time is slowly approaching, thereby giving a sign of the rise in the bitcoin rate.
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IMHO, this price speculation is very far from happening, because it's not truly supported and revealed by the market data and insights, but maybe in the years to come if the market will improve more the $1Million dollar Bitcoin price speculation was still possible because In crypto it happens with full of surprises.
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Personally, I just want to see it reach 100k first and then consider further rallies. It's very, very far away from 1 million USD at the moment.
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Personally, I just want to see it reach 100k first and then consider further rallies. It's very, very far away from 1 million USD at the moment.
$1 million is very high indeed, but I would love it if this happened to Bitcoin, not I don't believe it but it will take longer to reach this price.
Just like you I also want to see the price of Bitcoin reach $100k first, actually I hope this will be achieved this year, but it looks like it will be difficult to happen where now it has reached the end of 2021.
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I think that next year we may really see 100k eventually though. As for reaching 1 million, I doubt that will happen in the foreseeable future.
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I don’t think that bitcoin will ever even be able to approach one million dollars in value. Any cryptocurrency cannot rise so high in price. This contradicts all the laws of our economic development. So what is bitcoin limited in supply? In the world there are a lot of objects and phenomena, which are limited in their quantity. Moreover, now a lot of cryptocurrencies have appeared on the cryptocurrency market that have significantly surpassed bitcoin. And how many people are there who, for example, will buy bitcoin for half a million dollars during its growth, risking that it can again fall in price to several thousand dollars?
(https://i.imgur.com/a6WkDDa.jpg)
From this image, if the people were told then back in 2011 that BTC will reach $69K+ when the price was only $0.37 Cents they too would have said it is impossible. I don't know much about Bitcoin but from the little I have known, Bitcoin can even surpass that price in years to come and even now, I personally cannot afford 1 whole Bitcoin but I might be able to accumulate to 1BTC over time and that will be the same for that time cos we have all these heavyweights now that with this current price can afford to buy more than 10BTC at a go. At the end of the day, I guess we will all wait on time.
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I don’t think that bitcoin will ever even be able to approach one million dollars in value. Any cryptocurrency cannot rise so high in price. This contradicts all the laws of our economic development. So what is bitcoin limited in supply? In the world there are a lot of objects and phenomena, which are limited in their quantity. Moreover, now a lot of cryptocurrencies have appeared on the cryptocurrency market that have significantly surpassed bitcoin. And how many people are there who, for example, will buy bitcoin for half a million dollars during its growth, risking that it can again fall in price to several thousand dollars?
(https://i.imgur.com/a6WkDDa.jpg)
From this image, if the people were told then back in 2011 that BTC will reach $69K+ when the price was only $0.37 Cents they too would have said it is impossible. I don't know much about Bitcoin but from the little I have known, Bitcoin can even surpass that price in years to come and even now, I personally cannot afford 1 whole Bitcoin but I might be able to accumulate to 1BTC over time and that will be the same for that time cos we have all these heavyweights now that with this current price can afford to buy more than 10BTC at a go. At the end of the day, I guess we will all wait on time.
Bitcoin's price of $ 69,000 is one thing, and it is another if it has a price of $ 1 million. On the way to this price, the states will definitely take measures to prevent further price growth of bitcoin. Therefore, you need to set tasks real and in stages. First, bitcoin needs to reach a price of one hundred thousand dollars, then even more by 50-100 thousand, and so on. A million dollars, this is too far a price to talk about now.
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His statement is not based on anything, because there is no evidence that bitcoin will grow to such a price tag. Moreover, almost everyone already understands, basically, the price of bitcoin is made by whales, they also manipulate the price tag for their own benefit.
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
What does the state have to do with it when bitcoin is decentralized. Countries can impose a tax on the use of cryptocurrency, which has already been done. An excellent article, written in 2019, the time is slowly approaching, thereby giving a sign of the rise in the bitcoin rate.
Cryptocurrency, including bitcoin, can only circulate in society on the territory of states. States will never be just outside observers of uncontrolled capital flows. Moreover, if they become very large due to the sharply increased price of bitcoin. They are interested not only in taxes, but also in maintaining the stable operation of their financial system. If cryptocurrency is banned in a particular state, this has little effect. However, if such a decision is made by the G20 countries, then the cryptocurrency will be in trouble. All this must be taken into account and simply not allowed to develop such a situation.
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He can predict all he wants, but we should be aware that nothing is guaranteed here in the cryptocurrency and blockchain space. I think most of us are speculating that Bitcoin may reach $100k before the year ends. Right now, it looks like we expect the unexpected as it is unlikely going to reach that targeted amount. Although that nothing is really impossible, there are no promises that it will reach $1 million dollars per BTC in a decade.
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Bitcoin is a good coin and it touches the $1 million and this time the BTC and all the market comes down but soon the market go high and touches the sky in the market. BTC coin is a good coin and it go high when the whales will invest their money in the market.
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
First of all, we need the volumes of buying and selling bitcoin, thereby implementing the undertaken, which was originally delivered. Many are well aware that 11 years have passed since the creation of bitcoin. The cryptocurrency market is expanding, acquiring more and more of the facets that blockchain uses today. Bitcoin can overcome the price above $ 1 million in another ten years. This may take additional time. The total capitalization of the entire cryptocurrency market can serve as an excellent development prospect.
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10 years is a very long time for any project and anything can happen to it, if, as they said, the capitalization of bitcoin will increase many times, then its price can reach such a price. I believe that its price will be like this, but in how many years it will happen.
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
What does the state have to do with it when bitcoin is decentralized. Countries can impose a tax on the use of cryptocurrency, which has already been done. An excellent article, written in 2019, the time is slowly approaching, thereby giving a sign of the rise in the bitcoin rate.
States have a lot of levers of influence on any financial and economic processes taking place on their territory. Imagine that the G20 countries decide to ban the full circulation of a decentralized cryptocurrency. At the same time, all cryptocurrency exchanges and exchangers will be banned. Even if not all states do this, then this will be enough to reduce the volume of cryptocurrency turnover by tens or even hundreds of times. Or let’s say they introduce an 80-90 percent profit tax on cryptocurrency and serious criminal liability for tax evasion. In addition, sanctions will be imposed on states that remain loyal to the cryptocurrency. These measures can be continued and all of them will lead, if not to the cessation of circulation of the cryptocurrency, then to its almost complete decline.
Everything in this world is interconnected. Nothing can exist outside the economic laws of this world.
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Everyone wants Bitcoin to exceed the desired price including Bobby Lee and of course Bitcoin can also reach the latest All Time High because every year everyone wants Bitcoin easily but the fact is to get 1 Bitcoin is also very difficult.
It seems difficult to get Bitcoin because Bitcoin has a complicated level of system programming, mining with expensive hardware and Bitcoin trading which is very risky for those who are new to Bitcoin.
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What's this joke again? lol
Does Bitcoin have to go up to 1M USD in price ?
I'm sure I can because Bitcoin has a super good advantage with the various existing methods.
I also believe that Bitcoin is a good digital asset to keep the coin until it reaches the desired price.
Bobby Lee definitely understands what he's saying because Bitcoin is decentralized, that means everyone can determine the price of Bitcoin and or not even sell it at all !
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I think that Bitcoin will never go up in value to one million dollars. The states will not allow this in any case. It is no coincidence that the issue of cryptocurrency was already discussed at the G20 summit, but so far it has been decided that cryptocurrency does not pose a threat to global financial stability. If the decision is different, then the reaction of states will be different. No one will allow large uncontrolled capital flows on the territory of the state. Therefore, certain response measures will be taken to prevent this from happening.
What does the state have to do with it when bitcoin is decentralized. Countries can impose a tax on the use of cryptocurrency, which has already been done. An excellent article, written in 2019, the time is slowly approaching, thereby giving a sign of the rise in the bitcoin rate.
If a cryptocurrency intends to circulate on the territory of a state, then this state will definitely determine the conditions for its circulation. At the same time, it does not matter at all whether it is decentralized or not. I think it's not a secret that money greatly influences both the policy of the state and its economy. Therefore, the state cannot stand aside from this process.
The state, by its regulatory measures, is able to influence any processes within this state. Therefore, if states want to prevent bitcoin from reaching the price of one million dollars, they are quite capable of doing so.