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Topic: If bitcoin rose to $1M, what you do? - page 10. (Read 29475 times)

newbie
Activity: 23
Merit: 0
October 05, 2016, 06:30:31 AM
Everybody states how they will sell their coins, but well before the price reaches $1,000,000, there would probably be a large amount of merchants accepting bitcoin due to its popularity. Why sell what you can use directly? Either bitcoin is used worldwide and is the top currency or everything else has inflated to such extremes that bitcoin is the only reasonable option in the event that the price reaches that high.
hero member
Activity: 812
Merit: 1000
October 05, 2016, 05:35:24 AM
Not only me but I think that literally everybody would sell there Bitcoin because a million is way to hard to resist but I think that I would not come to that.
I would sell my Bitcoin for a way lower price and would not wait for the one million.

Majority of users will not prefer to hold their coins that long as no one has that high patience and they will surely start selling them even if they see the price of $1k in coming months.
member
Activity: 113
Merit: 10
October 05, 2016, 05:16:08 AM
If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.
that is the funny part. if a bank knows it is going down. tehy wont tell you so you can grab your money. they just freeze your account and that is it. you not getting your money back.
that is why bitcoin is such an improvement.
legendary
Activity: 2352
Merit: 1101
October 05, 2016, 05:11:00 AM
If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.

If banks has to disappear then it can disappear even in a single day and people won't be even aware  about it but it will never go down as bitcoin is not that powerful that it can make banks disappear.
sr. member
Activity: 672
Merit: 250
October 05, 2016, 04:56:40 AM
If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.
newbie
Activity: 39
Merit: 0
October 05, 2016, 04:36:37 AM
If this change happened in a short space of time, there would be a huge influx of millionaires. As a result, I think the purchasing power of fiat currencies would go down. So although there would be far more millionaires, the things you could buy with that amount would be much lower. So I would sell and live in the new middle class Cheesy
sr. member
Activity: 364
Merit: 250
October 05, 2016, 04:23:59 AM
Not only me but I think that literally everybody would sell there Bitcoin because a million is way to hard to resist but I think that I would not come to that.
I would sell my Bitcoin for a way lower price and would not wait for the one million.
member
Activity: 113
Merit: 10
October 05, 2016, 04:10:20 AM
If the bitcoin is rising that much i think lots of people want to sell their coins and that means the end of the bitcoin because i know for sure that peopel are not going to buy bitcoins at a price of 1 milion dollar.
i don't think so. i don't see why they would not want to buy for $1M? also why sell when bitcoin is rising? many or even most bitcoiners didn't sell when the price exploded a couple of months ago. everybody was holding and wondering to which heights it might get.
sr. member
Activity: 336
Merit: 250
October 05, 2016, 04:04:42 AM
If the bitcoin is rising that much i think lots of people want to sell their coins and that means the end of the bitcoin because i know for sure that peopel are not going to buy bitcoins at a price of 1 milion dollar.
sr. member
Activity: 406
Merit: 250
October 05, 2016, 04:03:56 AM
If bitcoin rose to 1M then I would still keep all my investment in bitcoin and keep investing and trading cause now I'd have a big capital.
Most important thing would be to pick the right investments and make alot of money from those millions.
full member
Activity: 238
Merit: 100
October 05, 2016, 03:54:31 AM
As a trade it would be great if this happens in reality because I have now 0.1btc and if the price rise to $1 milion then if would become owner of $1 lakh and that's enough for me to survive for 50 years without any girl friend or wife. Anyway I could setup a small business which would be enough to live luxuriously for next 25 years.
member
Activity: 113
Merit: 10
October 05, 2016, 03:49:04 AM
That would be great if that happens. I think I would my own house and cars that I'm always dreaming of because we all need it in the near future for our own family. I would never sell them instead I will keep on growing it and get more money from it and start to live a wealthy life and help the others that is in need. And I'm gonna donate some money for charities, like the orphanage since those children in their needed it the most.
how can you afford those things and also keep the money at the same time? and i guess you have more than just one bitcoin, because you describing quite a lifestyle, an expensive one i might add.
sr. member
Activity: 2380
Merit: 454
October 05, 2016, 03:35:54 AM
That would be great if that happens. I think I would my own house and cars that I'm always dreaming of because we all need it in the near future for our own family. I would never sell them instead I will keep on growing it and get more money from it and start to live a wealthy life and help the others that is in need. And I'm gonna donate some money for charities, like the orphanage since those children in their needed it the most.
sr. member
Activity: 406
Merit: 250
October 05, 2016, 03:33:03 AM
Then I would sell all of my Bitcoin with in no time because then there is not really a reason for me to keep on using Bitcoin. ]
I have then made enough and have reached my goal so then is the moment I should retire.
sr. member
Activity: 364
Merit: 250
October 05, 2016, 03:32:23 AM
If the bitcoin is going up like that i think lots of people will sell all their bitcoins and chill their life everywhere and i think that is also the end of the bitcoin dont think people would buy a bitcoin at 1 milion dollar lol.
member
Activity: 113
Merit: 10
October 05, 2016, 03:26:50 AM
If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.
sr. member
Activity: 462
Merit: 250
October 05, 2016, 03:22:11 AM
If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
hero member
Activity: 700
Merit: 500
October 05, 2016, 03:02:25 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).
since your calculation is right but your prediction thinking can't be results into reality because the $1M is impossible atleast for 10-20 year because may be some fall down sharply in price .
No no one will be that much pessimistic that bitcoin will have $ 1 million price levels only after decades. The surprising fact about bitcoin must be no one will know when bitcoin will boom, in 2013 bitcoin rose from ~$15 to ~$1200. The growth rate must be unimaginable, why not that may happen again.

When big companies start adopting bitcoin payments, the demand for bitcoin might go into huge levels so that bitcoin prices start skyrocketing. In my personal opinion, I am expecting $1M to happen within next halving itself.
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
October 05, 2016, 02:55:55 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).
since your calculation is right but your prediction thinking can't be results into reality because the $1M is impossible atleast for 10-20 year because may be some fall down sharply in price .
sr. member
Activity: 812
Merit: 250
October 05, 2016, 02:45:57 AM
If the it happens I'm sure there are many people who directly sell their bitcoin because it would be very beneficial. I was also doing it because I'll get a lot of advantages. But I think bitcoin will not rise as much as it is due to fluctuations in bitcoin does not allow that to happen.
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