How will it affect your life if bitcoin price comes to $1 million per bitcoin? - page 2.

3kpk3

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Quote from: arabspaceship123 on October 29, 2023, 07:23:28 AM

We shouldn't stop ppl dreaming they've got rights to do it but I don't think it's going reach a million soon. It isn't impossible bitcoin's going to reach $1M just they shouldn't get their hopes high on happening any time in the coming soon years.

Nobody can stop anyone from dreaming which is pretty obvious. Also, what in the world makes you think that BTC will reach 1 million bucks later? Do you have any clue as to how preposterous that sounds? Think!

Quote from: peter0425 on October 31, 2023, 10:15:22 PM

It is correct to mention that it is a "WHEN" because we all know that this will happen but the time when it will is the question .

Silly nonsensical statement. You don't represent everyone which is why your reasoning doesn't really make much sense here.

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Quote from: rodskee on October 31, 2023, 11:35:35 PM

Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

I have good chunk of Bitcoin now , My business is slowly dying so what could you expect from me?
will be very happy and satisfied if bitcoin turns 1 million as i can finally buy my dream Truck to use as personal and business car, can use it
for cargo business and also I can buy a close Van that needed for my business to upgrade , and also are you expecting something bad
from people here, of course everyone will be happy but not those who did not completely trust bitcoin though for sure altcoin will grow
also because it is a domino effect that we have seen for many years now that altcoins are moving up when bitcoin starts recording its
all time high.but fore sure this will happen in the next 2 or 3 halving so may take long time to wait , lets accept and have plans for the
mean time.

Iit appears that you are in a risky situation with a failing company and faith in the growth of Bitcoin. Your options would undoubtedly increase if Bitcoin hits the coveted $1 million milestone, allowing you to upgrade your company and purchase the truck of your dreams. It's a reasonable expectation, but let's also take the volatility and unpredictability of cryptocurrency markets into account. Indeed, Bitcoin has historically sparked a chain reaction when it comes to altcoin rallies.

Meanwhile, having backup plans is essential when your company encounters difficulties. Increasing the diversity of your investments, investigating new sources of income, and possibly investigating strategic alliances could revitalize your business. While stabilizing and growing your firm is the immediate need, waiting for Bitcoin halvings may be a long-term approach. Instead than waiting, let's take action.

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

I have good chunk of Bitcoin now , My business is slowly dying so what could you expect from me?
will be very happy and satisfied if bitcoin turns 1 million as i can finally buy my dream Truck to use as personal and business car, can use it
for cargo business and also I can buy a close Van that needed for my business to upgrade , and also are you expecting something bad
from people here, of course everyone will be happy but not those who did not completely trust bitcoin though for sure altcoin will grow
also because it is a domino effect that we have seen for many years now that altcoins are moving up when bitcoin starts recording its
all time high.but fore sure this will happen in the next 2 or 3 halving so may take long time to wait , lets accept and have plans for the
mean time.

peter0425

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Quote from: thecodebear on October 31, 2023, 08:50:31 PM

Well, Bitcoin hitting $1 million is not an "if", but a "when", though the "when" is probably like 20 years from now.

I'll already be very rich well before it hits $1 million so I'll just be a bit richer haha

But yeah it'll be cool when I can buy a new car for like .05 btc, an almost negligible amount of money.

It is correct to mention that it is a "WHEN" because we all know that this will happen but the time when it will is the question .
same as yours if that would take that long maybe i am more than richer then because will use all my holdings in physical business, but since holding bitcoin is the secret of success then yes I will instead keep holding while having business.
buying car with 0.05 btc is cool , how many cool i could buy with all the bitcoin in my wallet now.

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Quote from: thecodebear on October 31, 2023, 09:05:37 PM

Quote from: posi on October 27, 2023, 05:31:30 AM

Quote from: komisariatku on October 26, 2023, 03:58:50 PM

Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Maybe now 1 btc = $1 million sounds like nonsense but in 2010 there might also be people talking nonsense that 1btc = $35k. It turns out that this has now become a reality

Imagine if that happened, maybe many people would become rich because bitcoin became very expensive. I hope I still have bitcoin when that price is reached. Bitcoin will become the most expensive asset and it is likely that bitcoin will already be accepted as a payment currency throughout the world. Maybe in 100 or 200 years, $1 million for 1btc will no longer be nonsense

If bitcoin can reach 1 million USD each then I'm pretty sure it will never be able to become a currency or payment method. Are you rich enough to use bitcoin for payments and pay a huge fee if 1btc = 1 million dollars? Furthermore, bitcoin is gradually becoming an asset and its path to becoming a currency is gradually closing. Some people won't like this but I think it's already happening, with the approval of ETFs, it's clear the world only sees bitcoin as an asset.
But I agree with you that bitcoin can touch 1 million USD in the future, it will take a lot of time but it can be achieved.

This is totally wrong. Big price of bitcoin does nothing to stop people from using it as a currency. If anything such a large price means Bitcoin probably IS being used as a currency, because it will be used as a currency once lots of people actually own it, so it won't start being used as a currency until it gets up to such prices. Also price doesn't affect the fee, if it did tx fees would be much more than the like dollar or less than a dollar that they are right now.

And not sure why you think bitcoin's path to being a currency is closing. That's a strange thing to say. ETFs have nothing to do with people using or not using Bitcoin to buy things. Even if one day a million bitcoin are held in ETFs, there's still another 20 million out there. That isn't something to worry about. Bitcoin will always be a currency. That's fundamentally what it is. Over time it will become more useful as a currency. The only reason it isn't used as a currency much yet is because adoption is nearly high enough yet. It's use as a currency will only grow with time.

Honestly, I also think that bitcoin's path to becoming a currency is gradually closing and it is unlikely to become a reality whether we want it or not. Looking at what's going on, it's clear that everyone sees it as an investment asset rather than a means of payment. Even as bitcoin becomes more popular and widely recognized, people will know and accept it as an investment rather than a currency. Not to mention, the biggest barrier is the government, they will never let a decentralized currency become popular. We should accept what is happening.

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Quote from: posi on October 27, 2023, 05:31:30 AM

Quote from: komisariatku on October 26, 2023, 03:58:50 PM

Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Maybe now 1 btc = $1 million sounds like nonsense but in 2010 there might also be people talking nonsense that 1btc = $35k. It turns out that this has now become a reality

Imagine if that happened, maybe many people would become rich because bitcoin became very expensive. I hope I still have bitcoin when that price is reached. Bitcoin will become the most expensive asset and it is likely that bitcoin will already be accepted as a payment currency throughout the world. Maybe in 100 or 200 years, $1 million for 1btc will no longer be nonsense

If bitcoin can reach 1 million USD each then I'm pretty sure it will never be able to become a currency or payment method. Are you rich enough to use bitcoin for payments and pay a huge fee if 1btc = 1 million dollars? Furthermore, bitcoin is gradually becoming an asset and its path to becoming a currency is gradually closing. Some people won't like this but I think it's already happening, with the approval of ETFs, it's clear the world only sees bitcoin as an asset.
But I agree with you that bitcoin can touch 1 million USD in the future, it will take a lot of time but it can be achieved.

This is totally wrong. Big price of bitcoin does nothing to stop people from using it as a currency. If anything such a large price means Bitcoin probably IS being used as a currency, because it will be used as a currency once lots of people actually own it, so it won't start being used as a currency until it gets up to such prices. Also price doesn't affect the fee, if it did tx fees would be much more than the like dollar or less than a dollar that they are right now.

And not sure why you think bitcoin's path to being a currency is closing. That's a strange thing to say. ETFs have nothing to do with people using or not using Bitcoin to buy things. Even if one day a million bitcoin are held in ETFs, there's still another 20 million out there. That isn't something to worry about. Bitcoin will always be a currency. That's fundamentally what it is. Over time it will become more useful as a currency. The only reason it isn't used as a currency much yet is because adoption is nearly high enough yet. It's use as a currency will only grow with time.

thecodebear

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Well, Bitcoin hitting $1 million is not an "if", but a "when", though the "when" is probably like 20 years from now.

I'll already be very rich well before it hits $1 million so I'll just be a bit richer haha

But yeah it'll be cool when I can buy a new car for like .05 btc, an almost negligible amount of money.

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So if I had a million today right now it would be nice.
After tax it would be about 600k.
I would move to a different house. sell my 2.5 year old car and get a new car.

arabspaceship123

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You've asked an unimportant question but ppl didn't hesitate to reply so your silence isn't an exemplary response. Why did you start the thread? You shouldn't have started it if you weren't intending to interact with users. It isn't appropriate if you're quiet without offering insights but you're expecting ppl to reply.

Quote from: arabspaceship123 on October 27, 2023, 06:30:47 PM

I'm stacking sats because I want to retire when I'm young. With bitcoin I'll be rich that's it. Why don't you tell us how it's going to affect your life if Bitcoin's worth $1 million. You're curious about others but you didn't tell us anything about what you'll do. What's the reason you're asking the question.

Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

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Quote from: suzanne5223 on October 31, 2023, 04:13:43 PM

Honestly, if the price of Bitcoin reaches $ 1 million per coin it still won't affect the life of some people who are BTC investors because the price can only intact an investor's life only if she takes a profit.
I am saying this because alot of cryptocurrency investors have failed to take a profit when the market was at ATH price and later sold during the market correction season.
Having said that, if BTC reaches 1 million per coin it will affect my life positively.

You have a great point here, and I must agree with you on the fact that, the only time that Bitcoin price, both negative or positive Bitcoin price can have impact on investor is when they decide to exchange their Bitcoin at some point, this is so because bitcoin left on touch still mountains it Satoshi amount irrespective of what the dollar cost of Bitcoin is at that moments.

This is highly impressive if the the investor is smart enough to DCA during the price increase, so it all left in the hands of the investors weather or not the be want to take profits or cut losses, only at this point that the price of Bitcoin will have the doors cost-effective.

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By that time it comes, I guess that most goods and services have increased in prices as that's the tandem of inflation and also with the possible price increase of Bitcoin.

Nothing will change to my life, I'll still live within or even lower my means so that's going to keep me living the way I am living frugally.

Setting aside the problems, living happily without having to think of finances.

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Honestly, if the price of Bitcoin reaches $ 1 million per coin it still won't affect the life of some people who are BTC investors because the price can only intact an investor's life only if she takes a profit.
I am saying this because alot of cryptocurrency investors have failed to take a profit when the market was at ATH price and later sold during the market correction season.
Having said that, if BTC reaches 1 million per coin it will affect my life positively.

gunhell16

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If I have a bitcoin and even 1 million of its price, that amount is too big to help me. I can enjoy life whenever I want to, and I now have a good life to pass on to my family that I will leave behind in the event that I disappear from this world.

Think about all my dreams I can get and buy for 1 million dollars each, and if I manage money properly, I can grow it for sure as time goes by via businesses that I will build. But of course this will only happen if I do have at least 1BTC, due to it will be useless if I don't have any of it, isn't?

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

I don't think it will come to affect me badly since we all want that price obviously. And once it happens, then I will start selling some of my coins so I can be in huge profits and live my dream life after. However, it will surely leave a regret for all those who miss the opportunity to buy bitcoin while the price is currently low and still affordable. But we all know this just a dream for now. Bitcoin price will never hit a million price at this very early. Although I believe bitcoin is destined to achieve this price, but definitely there will be big stones to conquer in the process.

For now, let's be more practical and never stop from accumulating bitcoin. While bitcoin halving is getting near, then we should be more prepared with our investment portfolio. In the long run, bitcoin will still be able to achieve a million price, but hopefully its adoption should come first before it reaches a very significant amount.

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That could happen, but it might take longer than what I initially expected when investing in Bitcoin. If it happens sooner, I'd definitely hit the Bitcoin jackpot and immediately look for a reasonably priced house using 50% of my Bitcoin assets. I really need a home for my family.

I don't feel like I'd be super rich when the price of Bitcoin reaches 1 million because I think that would be mostly luck. After all, I'm just holding onto my Bitcoin to make money, which means there's no special effort involved, unlike other businesspeople whom I consider as the truly wealthy. Being wealthy isn't just about how much money one stores, but it's about how someone can make a lot of money and live freely with it.

Another thing I'd do is provide food to the less fortunate people around me. Even though it may not be much, I believe it would help them get by for a while.

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

A price of $1 million per bitcoin will affect the life of my bitcoin savings. It does not affect everyone's life. A job seeker takes the money left over from meeting his family needs and continues to invest in Bitcoin. On the other hand, an industrialist to invest a portion of his dividend in Bitcoin, it does not mean that the profits of both will be equal. In my opinion a bitcoin price of $1 million would create a solid place in the world. Holding Bitcoin from now on to a potential future $1 million rise would be a dream come true for every investor. Estimates from crypto analysts suggest that Bitcoin's long-term value could reach $100k to a million dollars in the future, with capitalization roughly $20 trillion for that price tag to become a reality. I want to witness the time this future bitcoin price reaches $1 million.

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Actually, I don't want this to happen right away because there are too many people who want to buy Bitcoin but do not have the opportunity. There are people who improve themselves about Bitcoin and its technology but do not have the opportunity to buy Bitcoin. These people need to save and invest within their means. Therefore, it may not be good to miss some opportunities immediately.

Of course, I want Bitcoin to reach very high levels, but I also want to have Bitcoin in my hands, I do not want to be a spectator in this journey. I want Bitcoin to reach everyone and change the lives of those who appreciate it.

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

It is not going to change marginally, it would just be a lot of money on my bank account but that's it, I am not going to suddenly start living like a rich person because if I do that then I would lose it all and spend it on silly stuff and become poor again.

Number one thing that you need to remember is that rich people do not use their own money to live rich, they end up in debt to live rich, because they rather keep their money invested and earning, and then those earnings will pay their debt, that's a lot better, both for tax reasons and also for income increasing reasons, the more capital you can put into making an income the better, and if you make a debt, that means you are paying less tax, but also you are using all of your capital for investment and not spending it.

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Quote from: arabspaceship123 on October 29, 2023, 11:02:53 AM

Which other cryptocurrencies do you own. I'm not saying you can't do it but you'll have to own so multiple smaller cryptos to get enough accumulate balance to own one Bitcoin. If you'll get there operating from other cryptos profits it's going to take a long time it won't be easy.

I understand your point, but I plan to accumulate Bitcoin during the next bear season as buying it at its peak is too costly. I can't afford it by just accumulating other cryptocurrencies. Unless I accumulate the best cryptocurrency that will moon in the next bull run.

Quote from: darkangel11 on October 29, 2023, 11:54:48 AM

Quote from: NeilLostBitCoin on October 29, 2023, 08:13:12 AM

Even if I don't hold 1 whole bitcoin, the price of the other cryptocurrencies I own may increases by x100 or x1000, which will greatly affect me. I hope to accumulate enough cryptocurrency to be able to afford one Bitcoin someday.

I'll give you a hint - accumulate bitcoin if you want to own it. Right now you're trying to get a job in programming by applying to every other position in the company and hoping they'll see the programmer in you. Want bitcoin, get bitcoin. Don't try to get bitcoin by buying altcoins. It makes no sense.

It makes sense to have a strategy that helps me own one Bitcoin. I need a high-profit approach to increase my chances of buying one whole bitcoin.

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Quote from: fokinlipat on October 23, 2023, 09:45:23 AM

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Actually at this point even with the current bear market, everyone should understand that you shouldn’t use your life savings to invest. Your investments should be money you can loose, also do not invest without having good knowledge of the volatile market.

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