If bitcoin rose to $1M, what you do? - page 3.

madwica

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Quote from: knetsan on October 12, 2016, 07:59:50 PM

I will sell all of it immediately. But, if this was a hundred years from now and that the economy experienced hyperinflation and the value of bitcoin was, in fact, the same as it was today, I would probably just keep using it. No point selling it if would just be the same value. Value is what will rule here.

Well I won't be late if this happens because if many are going to sell all their bitcoins for sure if all of us will sell then suddenly the price is going to decrease immediately. So I will sell it fast too so that I can still rely on the price of bitcoin which is going to be $1m. I hope it won't be $900,000 immediately after many holders sell.

Correct but i think all investor not care if the price will fell down since they got huge amount of profit they will enjoy that profit, then we will only wait for the lower price again before to invest.
And i will do with my bitcoin after i sell i choose to buy a house, and i will make it a business. House for rent to give me stable income.

tabas

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Quote from: StoreBit on October 12, 2016, 06:11:43 PM

Quote from: JessicaSe on October 12, 2016, 03:45:31 PM

Quote from: doraemon1 on October 12, 2016, 03:33:41 PM

I don't think this will happen. 1million $ is so far. And bitcoin can't reach their so soon or easily. But if this happen, I will sold all my bitcoinn and keep relaxing in the rest of my life.

If that happens then majority of users will follow the same process as they will prefer to sell all their coins to fiat, as fiat can be used and invested anywhere, so it would be great to invest that money in real life.

yes i also agree with you and i will also like to sell my bitcoin in such a great price rate, just like other people, but i think it is not such an easy job and it will take such a long long time.

Of course many are going to sell all of their bitcoins if this happens. Think about that bitcoin is going to reach $1,000 for sure many are going to sell on that price. How if the price reaches $1m? For sure all of us will going to sell all the coins that their holding. But I don't think that this is going to happen soon and if this happens, it needs a lot of years first.

StoreBit

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Quote from: JessicaSe on October 12, 2016, 03:45:31 PM

Quote from: doraemon1 on October 12, 2016, 03:33:41 PM

I don't think this will happen. 1million $ is so far. And bitcoin can't reach their so soon or easily. But if this happen, I will sold all my bitcoinn and keep relaxing in the rest of my life.

If that happens then majority of users will follow the same process as they will prefer to sell all their coins to fiat, as fiat can be used and invested anywhere, so it would be great to invest that money in real life.

yes i also agree with you and i will also like to sell my bitcoin in such a great price rate, just like other people, but i think it is not such an easy job and it will take such a long long time.

JessicaSe

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Quote from: doraemon1 on October 12, 2016, 03:33:41 PM

I don't think this will happen. 1million $ is so far. And bitcoin can't reach their so soon or easily. But if this happen, I will sold all my bitcoinn and keep relaxing in the rest of my life.

If that happens then majority of users will follow the same process as they will prefer to sell all their coins to fiat, as fiat can be used and invested anywhere, so it would be great to invest that money in real life.

subhiii

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If bitcoin rose to $1M I will liquidate some part of it and will still hold the coins not because I want more but in that case everyone would be accepting bitcoins and it will like dream coming true of digital economy with digital currency. Well that’s a theoretical answer, the actual answer will be i buy my own bennl tower,

doraemon1

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I don't think this will happen. 1million $ is so far. And bitcoin can't reach their so soon or easily. But if this happen, I will sold all my bitcoinn and keep relaxing in the rest of my life.

greBit

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Quote from: socks435 on October 12, 2016, 02:33:08 PM

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Quote from: bamboylee on October 11, 2016, 10:36:38 AM

Quote from: pandalion98 on June 18, 2016, 08:58:06 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).

I would have committed suicide because at 10k I would have spent all my bitcoins. I will be full of regrets not holding even just 1 btc. Seriously, I do not think that will happen. Gold has been here longer and its price is just over 1200$.

Yeah no one will prefer to hold their coins that long and I am sure that most of the users will sell their coins when they will see the price of $1k in coming years and grab the profits.

but i am not going sell even if the price reach to 1K. Because to me the price is really going make a new historical record and we are going to see the price above 1200 USD at the end of this year or just in start of next year.

That is just pure speculation and wishful thinking. There is even no sign up to date that suggests that it will break new all time high this year or early next year. I would like that to happen but I am just realistic. And if it happens, then I think it is pure manipulation.

Well everyone can speculate and have a wishful thinking, so let them be happy with their wishes Cheesy

. As for the manipulation, I don't think it is easy to manipulate bitcoin now because of the currently available numbers of bitcoin that is circulating in the market. I think it is a natural growth if it hits 1.2k used this time Cheesy

That price is expected to achieve in the next year but it can reach there only if there is mass adoption and big investors investing their fresh money in bitcoin.

For now even more adoption and big investors will come right now that price is impossible to reach.
If every each of one in the countries are using bitcoin maybe it can be happen.. but right now it is hard to convince people to use and to invest in bitcoin.. since they are afraid of scams

I think we should find out the solution to get rid from scams and if it continues then it can affect adoption level badly which won't be good for the better future of bitcoins.

That is a big problem because we can know those scamers and ponzi owners they are privately protect their identity. if there is a new device made online to trace those scammers we can easily report them. according to google they can trace us. and they know what we are doing. according to them so i think google can help us about for those scammers..

If that happens then it will bring great relief to the users of bitcoin and also to the newbies who are willing to get into bitcoins as with that we won't have a fear of loosing our money.

joshmacabe

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if bitcoin price up until reach one milion dollar every one bitcoin
iam selling all my bitcoin

socks435

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