[dtube] Who Would Buy $1 Million Bitcoin?

leftbank (67) · 7 years ago

For those who is rich and want to diversity :)

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mindtrap (74) · 7 years ago (edited)

You can always buy a part of BTC.
And the real whales are not here on Steemit.The real whales ( companies,banks,governments) are out there...waiting.There are thounands of millionaires around the world.BTC will replace gold one day.Andit will be ameassure of wealth.Plus ,if it reaches at 1mill it will drag almost every currency to new highs so people who are early in crypto world will become millionaires.

I just hope that all these will happen to our generation

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realestatecoach (54) · 7 years ago

Agree the whales are not the steemit crowd but disagree with BTC replacing Gold. In my opinion they can work together and not cannibalize one another.

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hotsauceislethal (64) · 7 years ago

There aren't THOUSANDS of millionaires in the world, there are closer to 47 MILLION millionaires in the world by some estimates. Source
If each millionaire wanted to own a Bitcoin and it became a trendy thing, I'm sure there would be some people willing to pay more than $1,000,000 each for them.

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milano1113 (58) · 7 years ago (edited)

That’s totally true. Even if bitcoin is for a 1 mil you can always buy portion of it for even just a few dollars. People are not informed well as you said. Once they find out, they will beat their head for not knowing earlier, just like I’m now for not buying bitcoin a year ago.

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dindar (63) · 7 years ago

One day will come when BTC price will be like this. It will be out of reach for common people. The will effort to buy Satoshi only. So, wise to have some BTC now in the bear market.

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hashcash (63) · 7 years ago

Okay let's take the second route. Where the price of dollar drops to the point that a fifty thousand present day dollar bitcoin is actually one million dollar bitcoin. It's not an entirely impossible scenario.
I think people are inherently intelligent. In the coming decade they are going to realize that value is equal to money and dollar is not equal to money. Considering this the value of Bitcoin, even if it is 10 million a piece will be bought and sold by the people who understand that value is in what we choose not what's dictated.
I know it's far fetched but again the reasoning is not entirely improbable.

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adeyemidrey (64) · 7 years ago

Before that will happen that mean bitcoin would have turn to gold then, people that has the coin will now be the most powerful individual in the world.

Butterflies Bees asks "if one Bitcoin can go up to one million dollars each, who will buy it then? Who will buy one bitcoin at one million dollars?"

People that will buy it will surely do, it is just that a lot of poeple won't be able to afford to buy it but those that can afford to buy it will become more powerful and be the controller of the universe lol. This might be funny but it does make sense because anything can happen in the nearest future.

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rothberg (58) · 7 years ago (edited)

That’s exactly why I’m buying bitcoin now, because more people get educated about being able to buy only portion of bitcoin the more people will buy it which will increase the bitcoin in value. This way it will eventually get to 1 million and more. Along with other reasons of course as well. Short video, but good point!

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adeboy1 (44) · 7 years ago (edited)

Investing that huge amount on bitcoin is feasible, bitcoin is a reliable financial instrument, I can invest my all on bitcoin, because is the leading cryptocurrency in market capital chart list, it predictable base on demand and matter of time, bitcoin is doing well this is an interesting topic Sir @louisthomas.

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markjackson1989 (53) · 7 years ago

ethereum moon shot coming

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olumideolowoyeye (65) · 7 years ago

This is such a hard one to answer , but I believe if bitcoin could go up to $1m other cryptos will rise to and one can easily use crypto to buy crypto. { any other crypto to buy bitcoin}

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4 votes

taleman (25) · 7 years ago (edited)

Btc can hit a mil because it is becoming more and more scarce. Miners are eating it up and theres only 4 mil left approximately to mine. Thise two factors alone are a sudden catalyst for price in btc. As far as people buying it, of course, it will be a status symbol like celebs buying champagne and louie bags with btc later on down the road. Btc on tmz lol.

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taskmaster4450 (78) · 7 years ago

I would rather have $1M worth of STEEM than $1M in BTC.

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engchitchat (51) · 7 years ago

I think soon we will start talking about the price of Satoshi instead of Bitcoin. The only way we will have $1 million Bitcoin is if the dollar becomes worthless. Which just might happen with all the debt America has. There is no chance of $1 million Bitcoin with the dollar being worth what it is now. It would cause hyper inflation and ruin our economies.

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somecoolname (55) · 7 years ago

Sadly I don't think it will ever get that high as governments will clamp down due to the environmental impact of mining. We have already seen a few states in the U.S doing this.

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redrosee (46) · 7 years ago

I agree with you. This is new concept and really you are one who share this. Many different types of opinion you get from this video.

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faridk (44) · 7 years ago

IMHO fractional ownership is the next big thing. Even at current rates I would hazard a guess that few people can afford to buy a whole BTCs but that does not stop them purchasing BTC fractionally.

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obest (59) · 7 years ago

This might be funny but it does make sense because anything can happen in the nearest future. Take the value of Bitcoin, even if it is 3 million a piece will be bought and sold by the people who understand that value

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moon-girl (44) · 7 years ago

bitcoin has no competitor,its a great choice. you said true.

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sadiks (42) · 7 years ago

if the one btc is 1$ million dollar then the btc demand over high. i think

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duo.gaming.exe (25) · 7 years ago

Well said dude! Many people I know don't know this and when I tell them "I bought some bitcoins" they think I have invested more than 20k or something while I bought a fraction of that. People will get educated more and more and this can only bring Bitcoin higher and higher, adoption is a must.

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wa2qr (58) · 7 years ago

You are making a good point here. The more people know that they can only buy a portion of Bitcoin, the more they are doing to start investing. So for the potential buyers it's is suggest to not to waste time and buy your share. Love the video though

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