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Topic: If bitcoin rose to $1M, what you do? (Read 29524 times)

newbie
Activity: 37
Merit: 0
October 15, 2016, 08:37:21 AM
You have to push the question a little further. If 1 BTC is worth 1M$, it is because the fiat is worth nothing. You also have to wonder if you would be better off selling btc instead for living. The power of your BTC may very well overcome your USD/whatever currency you using.

Also , u have to wonder how the world is going to be with a currency that cannot be controlled.

Just saying ... Smiley
hero member
Activity: 2632
Merit: 787
Jack of all trades 💯
October 15, 2016, 07:00:45 AM
Though it's not likely gonna ever happen, but if this would really happen then I would sell all of my bitcoin, because I don't think it would stay in $1M for a long time. I'm sure when this happen people will also sell their bitcoin and that makes bitcoin price drop hard.

I think that I would do the same, I think that everyone would do this because it would most likely make you a millionaire, I think that this is also never gonna happen but thinking about is already awesome.

Yes and if it ever reaches that price then the best decision would be to sell all your coins and enjoy the huge profits and if you wish you can invest that money in real world or simply get retired from work.


Thats a nasty thoughs but i would say many people would love that since some of them can't handle the work pressure in their respective workplace, and by the help of bitcoins if it would reach 1m$ im sure many of us will be lucky and became easy millionaire by that time comes. But the sad truth is bitcoin wouldn't came for that far and lets accept the fact that bitcoin would just remain on thousands only.
sr. member
Activity: 462
Merit: 250
October 15, 2016, 06:32:27 AM
Direct opposite of https://bitcointalksearch.org/topic/if-bitcoin-dropped-to-1-what-you-do-1438622

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).
Cry all day due to over hapinness. Cant imagine that can ride an airplane by yhe helped of bitcoin.
I can pay all may debts. And finally i can now marry a woman cause i have a lot of money.
member
Activity: 64
Merit: 10
October 15, 2016, 06:21:43 AM
if BTC is at that limit anytime soon then everyone in this forum would probably be millionaire or at least very rich in there countries  Smiley , I would sell half of my bitcents and keep the rest for a price increase  Wink .
sr. member
Activity: 350
Merit: 250
October 14, 2016, 04:29:43 PM
Though it's not likely gonna ever happen, but if this would really happen then I would sell all of my bitcoin, because I don't think it would stay in $1M for a long time. I'm sure when this happen people will also sell their bitcoin and that makes bitcoin price drop hard.

I think that I would do the same, I think that everyone would do this because it would most likely make you a millionaire, I think that this is also never gonna happen but thinking about is already awesome.
newbie
Activity: 7
Merit: 0
October 14, 2016, 11:26:58 AM
If bitcoin would rise to 1M per bitcoin then I would be selling all my coins and try to profit as much as possible from those sales.
After that I'd look into investing in something else, I'm not here for the currency but more for the profit to be honest.
legendary
Activity: 3416
Merit: 1225
October 14, 2016, 11:15:49 AM
Direct opposite of https://bitcointalksearch.org/topic/if-bitcoin-dropped-to-1-what-you-do-1438622

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).

It's unlikely to happen,but if all our dreams came true I will be retiring for the rest of my life but I think it's gradual we will not wake up one day to see  that Bitcoin is now worth one million dollar.
sr. member
Activity: 364
Merit: 250
October 14, 2016, 10:58:58 AM
Well to be realistic i dont see that this would happen ever in future but still to answer,i would sell all the bitcoins that i have at that price,because surely it will go down because no one would want to buy bitcoins at that time,so obvious answer that i would sell all my bitcoins at that time.
PCC
member
Activity: 70
Merit: 10
Any investment is to study
October 14, 2016, 10:52:32 AM
Direct opposite of https://bitcointalksearch.org/topic/if-bitcoin-dropped-to-1-what-you-do-1438622

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).

If its happen, whooo I can't ever figure it out haha but I will invest the half of it, in trading or any programs that will make profit to my money.
But 1st I need to work hard to get that 1btc, because for now , I don't ever have one , I only have satoshis , so the main goal is to get that btc.
Then after I got it, as what I have been said earlies, I would invest the half of it, then give some to church then to my parents and buy some necessities.
I sell btc to buy usd
send all to the bank  
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hero member
Activity: 2170
Merit: 530
October 14, 2016, 10:50:39 AM
If bitcoin will rose into $1M? i will probably sell all my things and then but bitcoin once it tolate i know that we are going to get notification that bitcoin will be rising on this right before it goes up. And if this happens all bitcoin miner who had already bitcoin will be mega rich.
sr. member
Activity: 490
Merit: 250
October 14, 2016, 10:41:35 AM
Direct opposite of https://bitcointalksearch.org/topic/if-bitcoin-dropped-to-1-what-you-do-1438622

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).

If its happen, whooo I can't ever figure it out haha but I will invest the half of it, in trading or any programs that will make profit to my money.
But 1st I need to work hard to get that 1btc, because for now , I don't ever have one , I only have satoshis , so the main goal is to get that btc.
Then after I got it, as what I have been said earlies, I would invest the half of it, then give some to church then to my parents and buy some necessities.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
October 14, 2016, 10:03:31 AM
Though it's not likely gonna ever happen, but if this would really happen then I would sell all of my bitcoin, because I don't think it would stay in $1M for a long time. I'm sure when this happen people will also sell their bitcoin and that makes bitcoin price drop hard.

Yeah it never gonna happen. And even if it does, it would not survive the selling pressure. The only exception is if you vanish the Fiat and there is no option left except Bitcoins
sr. member
Activity: 434
Merit: 250
October 14, 2016, 09:43:14 AM
That's too unrealistic. I don't think bitcoin will reach on that amount. But who knows?
We do not know what's happen next.
But if that really happens then I would first buy my mansion and build a business that could support me forever and my family's too.
hero member
Activity: 714
Merit: 500
October 14, 2016, 09:18:02 AM
I would probably buy my own house. The price of apartment is just too much and it's just a temporary shelter to all of us. Unless you decided to buy the apartment, of course. I would also use the money that I got from Bitcoins to buy other stuffs to get ready for parenthood. You can buy a lot of things with one million dollars but we all have to be careful to not buy useless expensive things. Might as well hire a financial manager for a while because that much money is just hard to manage especially if it's your first time to handle that much money.

AHHA moment, something remarkable thought. Because this is the most important thing to have, without having a place to live is good then we will have enough lives makes us have to work hard. Because we need a lot of money to rent a house or other
hero member
Activity: 588
Merit: 500
October 14, 2016, 09:13:53 AM
I would probably buy my own house. The price of apartment is just too much and it's just a temporary shelter to all of us. Unless you decided to buy the apartment, of course. I would also use the money that I got from Bitcoins to buy other stuffs to get ready for parenthood. You can buy a lot of things with one million dollars but we all have to be careful to not buy useless expensive things. Might as well hire a financial manager for a while because that much money is just hard to manage especially if it's your first time to handle that much money.
legendary
Activity: 3122
Merit: 1140
October 14, 2016, 09:04:15 AM
i would purchase land may also have been considering using it to develop
 rental properties, which could provide more
 passive income.

This is a  good business though to consider when  we achieve  great  amounts  on bitcoin when it hits $1m price mark but still its too unrealistic to consider to reach amount and  it would really take time   and great mass adoption or either  most  people  on the whole  globe would  use bitcoin maybe it would  be possible though on that way.
hero member
Activity: 1008
Merit: 540
October 14, 2016, 08:30:27 AM
As of now this is really impossible to happen why ? Because if you will see 1 bitcoin will be rose into 1M USD? How people can make sure about this and 0.001 bitcoin will be 1000US Dollar right ? Maybe All people who are using bitcoin will be richer and they can say that they can live with bitcoins.
WEll it is really impossible to happen bitcoin price will jump to 1,000,000 USD DOLLAR? that fast? Woah it's really amusing it is pefectly fine when his become a miracle then many peoplewho are using bitcoin will be more happier than us.
sr. member
Activity: 337
Merit: 250
October 14, 2016, 08:28:05 AM
i would purchase land may also have been considering using it to develop
 rental properties, which could provide more
 passive income.
sr. member
Activity: 420
Merit: 250
October 14, 2016, 07:56:15 AM
I see a lot saying they would sell all their bitcoins. But I think if everyone sells their coins, the price will drop drastically.

Who would care for that? Everyone will see the profit they will be getting so they wont think about something like price may drop if we sell them all but they will just do it for earning profits man.
For sure all people or most people would surely  sold all their  bitcoin as  much as they can  because  they would get easily be a millionaire but as expected   first come first served basis  since  most people would sell all their  holding and the price would surely dump hard  or even die i guess. haha

Everyone will their coins at that price and at that time they will not care about the price of bitcoin in future and once they get millionaire they may even stop using bitcoins.

Yeah If the price would be that high I'd sell all my coins and enjoy the new rich life experience cause I wouldn't risk keeping it in bitcoin for sure it would crash again cause so many people would sell it.
sr. member
Activity: 322
Merit: 250
October 14, 2016, 07:29:06 AM
I would trade in all of my bitcoin because who would not trade in there Bitcoin if they see that the Bitcoin value is that high.
If you do not sell at that point then something has to be wrong with you for sure.

Yeah if anyone will not sell his coins at that price and prefer to hold then it will be an worst decision to make as I don't think that price will rise after that and it will start falling.

the price alone doesn't matter at all but instead what matters is that how that price was reached.

if it was a slow rise with real demand (like the rise so far) it will stay and you would be a fool to see in situations like these. because there will be no drop but only rise.

but if the price rise is fast and sudden without any real support like back in 2013 $1200 rise, you would be a fool not to sell. because the drop in situation like that is assured.

We never know where's the max on the graphic... The strange thing is the people that buy for this price, well, this have no whys...

Now the price sounds stable, maybe it can go up again when the next halving occour.
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