How will u feel if d price of 1BTC exceeds $1m by 2030 as its made legal tender

Webetcoins

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Quote from: Vaskiy on February 15, 2022, 05:26:08 AM

if the price reaches $1m then surely it'll be a win situation for most of the people who have been saving bitcoin as rain droplets. Same time it is to be noted, when such a huge increase takes place automatically it will encounter different problems. As a result of fiat currency inflation people will tend to move funds into bitcoin. The same could help with money laundering and black money holding with ease. So, the rise also has got advantages and disadvantages. Lets see what way the market is gonna turn in the upcoming years.

That must be the people that collect btc in the faucets because faucets gives tiny amount. They do that because maybe they do not have a money or they are a beginner on bitcoin. If ever btc reaches to 1 million dollars, faucet collectors are going to be happy but the people that have bought using their money can of course earn bigger than them.

A quick rise in the price can be a rare thing to happen but if it happens we are surely going to like it because it can save us so much time of waiting and we do not care if there are consequences that will come during it. It is not our problem anymore. If there's one thing that we should think of, that is if how can we spend the profits that we got.

Mauser

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Though question is that, who knows what is going to happen in 8 years. Bitcoin price reaching 1m USD would be another milestone in the world of crypto currencies and probably the best case scenario we can hope for. I am not so optimistic. Don't get me wrong, I also believe that bitcoins are going to rise in the next years, just not as high. The most important thing of course would be not sell your bitcoins in the next 8 years. Nothing would be more devastating than seeing Bitcoins reaching 1m and having sold all the coins before that. I would expect with a prices so high, that many of the original HODL investors would start selling their coins and buy new houses and apartments. Would be interesting to see if bitcoins could remain above 1m for a long period of time.

tygeade

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Quote from: xSkylarx on February 14, 2022, 01:12:50 PM

That is still a possibility in 2030, but we don't know what will happen in the following years or years after that. However, given the fact that the price of bitcoin is extremely volatile, it is possible that it will reach that level, which will please a large number of investors and holders. While this may be difficult if we are talking about a few years or more, it is still difficult because there are many things to do because the fiat should render it useless through higher inflations. However, I would be extremely pleased if this were to become legal tender in the near future.

Sure there is every possibility that Bitcoin will reach $1,000,000 in the future, but I am doubting it’s going to be in 2030. 2030 seems like it would be too soon for Bitcoin to reach such an amount, so I don’t really think that this is something that is going to be happening in that year. We have not even crossed $100,000 yet, not talk about the $1,000,000 happening in just about eight years or so.

With that said, this is a market that is always full of surprises, so anything can still happen , I know that for sure. It’s important that we continue to hold our assets tightly and making sure that we don’t sell at the wrong time, because there is no doubt that we are going to be benefiting from uptrend in the future if we should continue to hold.

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Quote from: Vaskiy on February 15, 2022, 05:26:08 AM

The same could help with money laundering and black money holding with ease. So, the rise also has got advantages and disadvantages. Lets see what way the market is gonna turn in the upcoming years.

We have been hearing about Bitcoin helping money laundering for years and everyone keeps repeating it like a parrot would. Except words coming from the mouths of financial institutions that are clearly against the free evolution of Cryptocurrencies, where do you keep getting this fear of ascending levels of money laundering from? Wake up. You have been brainwashed to automatically link bad stuff to the instrument that gives you financial freedom.

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Vaskiy

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Quote from: LUCKMCFLY on February 14, 2022, 12:37:09 PM

For me a price of BTC that reaches that amount is totally acceptable and possible, currently nothing is impossible and more in crypto, crypto and BTC anything can happen, if in 2030 it reaches a value of $1M I would be totally happy, because those who If we have at least 0.01BTC we would be almost millionaires, so it is not unreasonable, of course we do not know that it can be unlinked in the near future, if more radical diseases, or possible wars, these things can accelerate or decrease the price depending on how they develop, but These types of fundamentals must be taken into account.

Yes, if the price reaches $1m then surely it'll be a win situation for most of the people who have been saving bitcoin as rain droplets. Same time it is to be noted, when such a huge increase takes place automatically it will encounter different problems. As a result of fiat currency inflation people will tend to move funds into bitcoin. The same could help with money laundering and black money holding with ease. So, the rise also has got advantages and disadvantages. Lets see what way the market is gonna turn in the upcoming years.

FanEagle

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We just have to know that these people are guessing what they think is right or would happen, but that doesn’t mean it’s going to happen. How exactly did they get to know that three to five countries would be making Bitcoin a legal tender? Have there been any other country that stated that they would be making Bitcoin a legal tender so far this year? It’s not like I’m doubting what they have said, yes it is quite possible but we haven’t really seen any other that has mentioned that so far.

And As for Bitcoin reaching $1,000,000 in the future, if that should happen it is normal that anyone who is holding it would be happy. I would be happy about that because I know for sure that I would be holding my coins for long.

xSkylarx

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That is still a possibility in 2030, but we don't know what will happen in the following years or years after that. However, given the fact that the price of bitcoin is extremely volatile, it is possible that it will reach that level, which will please a large number of investors and holders. While this may be difficult if we are talking about a few years or more, it is still difficult because there are many things to do because the fiat should render it useless through higher inflations. However, I would be extremely pleased if this were to become legal tender in the near future.

LUCKMCFLY

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For me a price of BTC that reaches that amount is totally acceptable and possible, currently nothing is impossible and more in crypto, crypto and BTC anything can happen, if in 2030 it reaches a value of $1M I would be totally happy, because those who If we have at least 0.01BTC we would be almost millionaires, so it is not unreasonable, of course we do not know that it can be unlinked in the near future, if more radical diseases, or possible wars, these things can accelerate or decrease the price depending on how they develop, but These types of fundamentals must be taken into account.

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I frankly don't think that a price of a million dollar for BTC is possible or feasible.

A lot of BTC is still very concentrated in the hands of a few. Not to mention Ethereum and the other thousands of coins held by different VCs as well as closed groups. Far from being a victory for the working classes and those at the bottom, it will be the greatest concentration of wealth and power to the elite few , only this time the elite will be different.

Anybody who has been watching this space as a whole and is not just limited to the forum, would recognize the number of sheer bad actors including scammers, influencers, youtube peddlers that have gotten rich off of crypto and are amongst biggest BTC/ crypto holders. I don't believe that those are the kind of people I want to see become powerful and important on the back of a million dollar Bitcoin.

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Quote from: Ripe_berry on February 02, 2022, 05:11:21 PM

If u can fully recall, El Salvador adopted BTC a legal tender alongside the US dollar in September last year.. Now the Salvadoran president, Nayib Bukele has predicted that bitcoin will become a legal tender in two more countries this year. Devere Group's CEO expects 3countries to do so too while Bitmax's CEO expects 5countries to do so.
With this trends it won't be surprising to see other sovereign nation states acquire bitcoin in 2022. Infact it will be a dream come true since Ark research indicated that the fundamentals of bitcoin network have always remind healthy.

Yes, we all heard about the news of El Salvador declaring Bitcoin a legal tender, it was a good news and we were all happy about it. But, don’t forget that that’s not going to be the same case with other countries, maybe they might not like to make Bitcoin their legal tender, and maybe there might also be some others who would be ready to make Bitcoin a legal tender as we have also seen a few others that seems like they have this same intention of making Bitcoin a legal tender.

And if the price of Bitcoin should $1 million soon? I would be happy about that for sure, I don’t think there is anyone who wouldn’t be happy about it, except those that missed the opportunity or are ignoring their chance of buying at lower price now.

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Quote from: redsun114 on February 07, 2022, 11:42:58 PM

Quote from: Albescent on February 07, 2022, 03:31:20 AM

I would still feel that I should have bought it in its very early stages. So, rather than feeling low for my mistake, I try to buy the new cryptos as soon as I am able to fundamentally review it.

Are you really kidding me or what? So if the price of Bitcoin should happen to reach up to $1 million dollars by that time and I am assuming that you have already invested in by now, you would still be wishing that you invested at the earlier ? You must really be kidding me. What other profit are you looking for?

If you have Bitcoin now at the current that the market is at, and all of a sudden it has gotten to one million dollars per bitcoin n, seriously you should be one of the happiest men alive, because that is going to be a really huge profit for you looking at the current state of the market.

1 million dollars per bitcoin price is a very big amount and bitcoin won't reach this price overnight, not even in 10 years. With the world affected by many variants of covid19 and lot of deaths around us, we never know if we would be alive by the time bitcoin reaches this one million dollar milestone. Right now we can only dream of these prices.

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Quote from: Albescent on February 07, 2022, 03:31:20 AM

I would still feel that I should have bought it in its very early stages. So, rather than feeling low for my mistake, I try to buy the new cryptos as soon as I am able to fundamentally review it.

Are you really kidding me or what? So if the price of Bitcoin should happen to reach up to $1 million dollars by that time and I am assuming that you have already invested in by now, you would still be wishing that you invested at the earlier ? You must really be kidding me. What other profit are you looking for?

If you have Bitcoin now at the current that the market is at, and all of a sudden it has gotten to one million dollars per bitcoin n, seriously you should be one of the happiest men alive, because that is going to be a really huge profit for you looking at the current state of the market.

Slow death

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Why do people still dream of million dollar prices? Can you imagine how much money it would take to enter this market for the price to reach one million dollars? I think that talking about the price of one million dollars is the same as talking about impossible things, even though I love bitcoin and I want to see the price of bitcoin reach very high prices in the future, I don't believe the price will ever reach 1 million of dollars

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I would still feel that I should have bought it in its very early stages. So, rather than feeling low for my mistake, I try to buy the new cryptos as soon as I am able to fundamentally review it.

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For sure becomes happy and gives a different hit of enjoyment and satisfaction imagine you bought a bitcoin and then there's a lot of damage given to you such as emotional, physical and mental damage on holding your bitcoin. For sure on that year many people become an instant millionaire and its also one of the regrets of other people because they have the opportunity to buy but they just neglect this situation and now it's all about a million.

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Quote from: michellee on February 03, 2022, 05:01:08 AM

I am sure I will be happy if the price can be $1milion in 2030 but hopefully, that will come in less than 8 years so we can make a lot of money in a short time. I will feel grateful if bitcoin can back to $69k this year because that can give more chances for bitcoin to rise and make another ATH. But we know that will need time before bitcoin breaks every high price and create the next ATH. Although the adoption process is still running, that does not mean the price can directly jump to the high price in a short time.

It is certain that most of the members of this forum would be happy if Bitcoin hit $1 million in 2030, because it can generate huge profits.
Like you said, it would be better if the $1 million price could be reached sooner. And that might just happen, if more and more big companies
adopt Bitcoin, and many countries have started to legalize Bitcoin as a legal tender. For now, we really hope that the Bitcoin price can return
to the ATH price first, after that we can expect even higher from Bitcoin. It would be better to set targets slowly and don't immediately have high
hopes for Bitcoin, I'm afraid that later we will be disappointed if what we hope for is not immediately achieved. After all we can't expect instant
profit from Bitcoin, because it does require patience to be able to successfully generate large profits from Bitcoin.

Indeed. The feeling of happiness will be there when we see the price can go back to the last ATH because we already have that feeling before. It will become bigger if the price can achieve $1 million sooner or later and no matter how many bitcoin we have, we can sell for a small amount to make a profit. As long as we can accumulate bitcoin at any lower price, we will make a huge profit but we should also manage our emotions because before bitcoin prices reach $1 million, we will see many up and down at the market. Maybe we can prepare ourselves for the coming.

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Quote from: Zilon on February 03, 2022, 08:45:11 AM

El Salvador took the lead and ever since their adoption of Bitcoin we have had lots many nations doing same currently the IMF sent a sanction to El Salvador threatening them on deprivations of getting loans if the fail remove Bitcoin as a legal tender. And now we are having many other nations buying into this adoption I think it's a big start for the Bitcoin ecosystem at all

I think that by doing the same thing you mean the initiative of "El Salvador," but until now there is no one doing the same thing, not exactly the same thing, there is not even a country introducing a law to make bitcoin legal currency, I repeat lawful currency.

Now that there are several countries "shouting" wanting to do the same, yes, and that is confused with the countries that want to make bitcoin legal as a payment asset, there are very different scenarios, really different that lead to adoption, but not even close to having another country like El Salvador.

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Depends on what to be title of this thread, i think when bitcoin reach $1m i no longer have much money because will be very hard even to earn satoshis. Not like in past when satoshis can be earned by faucet and maybe, fees in exchanges can be problem, or maybe minimum buy order in exchanges can get affected too.

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El salvador became a country that actually adopted bitcoin and made bitcoin a legal tender. this attracted the interest of many other countries to follow in El Salvador's footsteps. it also increases the interest and new investors of bitcoin.
Prices continue to grow and of course price fluctuations occur, if in 2030 the price of bitcoin is able to penetrate $ 1 million, that is very extraordinary and of course there will be many pros and cons. Currently BTC still has to reach its new ATH around $100k. Bitcoin has a long way to go.

KaliLinux

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I am not really particular whether Bitcoin is adopted as a legal tender but rather, it should be accepted legally and be allowed to be spent and accepted by merchants/retailers that want to. Reaching the $1m price point will definitely be an exciting feeling for everyone in the crypto space but for now, I just want to be able to accumulate some more sats.

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