Bitcoin worth $1m

Will bitcoin reach $1m?

  • Yes

    Votes: 5 21.7%

  • No

    Votes: 18 78.3%
  • Total voters
    23
conversely, if Bitcoin drops to 4 digits to 3 .... 2 .... 1

you can change the $ sign to

Indonesian Rupiah or
Vietnamese Dong or
Iranian Rial or ultimately
Venezuelan Sovereign Bolivar
 
The madness and the confidence of the sheep can take it beyond $ 1M as much as the same madness and the euphoria of the sheep can bring it down to 10 Guinean franc.
As long as the sheep owed cash and their mentors at www.big-scam.shit are in full service, all is possible.
 
I can see bitcoin gaining that much over a couple of decades, with a lot of qualifiers. Gold was under $300 on 9/11, then ran to 1800+ in the years after GLD came out.

If we reach that kind of market cap, it means the market is much deeper, more institutionalized and likely more regulated, so much less volatile than today.
 
newwurldmn said:
If the US defaults on the 28trilliom of debt, most of those other rows will fall 90percent overnight.
More...

The Only way the U.S. can default is for the Country to disappear and a new one with a different Constitution takes its place. (that could happen, very low probability however.)

When Italy got in problems and there was fear of a default, investors bought Italian paper at bottom prices and sold later with hundred's of millions profit. Risk free.

How would the US default? Can you explain that?

BTC lost already countless times over 75% to 90% of its value. The US never came even close to a default.
 
virtusa said:
The Only way the U.S. can default is for the Country to disappear and a new one with a different Constitution takes its place. (that could happen, very low probability however.)

When Italy got in problems and there was fear of a default, investors bought Italian paper at bottom prices and sold later with hundred's of millions profit. Risk free.

How would the US default? Can you explain that?

BTC lost already countless times over 75% to 90% of its value. The US never came even close to a default.
More...

they refuse to print more money to pay the debt.

i never said it was a likely event and i never disputed that BTC can lose 90% of its value easily.

But its the way most of those numbers can lose 90% overnight. Another way to make most of those numbers to drop 90% overnight would be if the US, China, or Russisa decided to launch a pre-emptive nuclear strike.
 
newwurldmn said:
they refuse to print more money to pay the debt.
More...

The politicians who would do that would at the same time kill their own political career.
And if you have any idea about the impact of a default on the US citizens, these politicians might get killed too.
So probability that the US will default is close to zero.

The probablity that the next US President will be an alien is much higher. Especially if you know that even Trump could get elected.
 
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