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Topic: what will happen if BTC hit 1.000.000$ - page 10. (Read 14190 times)

member
Activity: 574
Merit: 14
The bitcoin space is growing rapidly and issues regarding hacking of exchanges will likely be on the decline as there will be more research and investment into security as the space progresses.The only challenge may be with government as they will be losing the money control war.Bitcoin at 1000,000 will create an economy of about 20 trillion  $, that's bigger than all countries GDP
sr. member
Activity: 625
Merit: 258
There will certainly be more hacks as if technology advances, more hackers attempts will as well follow the same pace.
Violence and Criminalization is a thing in a real world which expands due to the lack of getting something back in an easy way so yeah probabily will follow its way.
Government will certain be putting their hands even more since profits will be way higher for each individual...
hero member
Activity: 1932
Merit: 506
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I can't even imagine what will happen once BTC will hit 1,000,000 dollars in the future as this is a huge amount for a 1 bitcoin.
I guess you are correct once it will happen in the future, many will surely find an easy way to grab a 1 bitcoin or more, so an upgraded hacks will surely occur.

If most of the countries will accept bitcoin in the future, I am pretty sure that there will be plenty of laws in favor and against in bitcoin holders will be created.
full member
Activity: 952
Merit: 104
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?




It's funny discussion but that is true possible to cause all troubles if bitcoin reach 1 million dollar, for sure government get will banned and take over if bitcoin bubbl s cause of criminality.

As bitcoin increases in price, we will also witness other things increase with it especially the issue of hackers and scammers as these guys are always attracted to anything that has to do with money. Seeing the value of bitcoin increase rapidly, will only make them device more ways tp hack and scam people.

We can't avoid scamm hacking because there are many people want to get fast earn by doing bad ways, so to avoid this scenario we all have responsibility to protect the coin we have stroing in the wallet and make check every time for the security porpuses.
jr. member
Activity: 475
Merit: 1
Tackling Climate Change Using Blockchain
As bitcoin increases in price, we will also witness other things increase with it especially the issue of hackers and scammers as these guys are always attracted to anything that has to do with money. Seeing the value of bitcoin increase rapidly, will only make them device more ways tp hack and scam people.
sr. member
Activity: 994
Merit: 257
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If it does happen then I think by that time everyone is already using it.
And scammers and hackers would really be active to get some money.
The government would be into crypto by then and there would be so many laws connected to crypto.
But we all know that it is really impossible to happen.
sr. member
Activity: 1428
Merit: 250
It's not impossible to bitcoin hit 10m value in future, but it's longtime process! hackers will be are absolutely more and more will do try for grab bitcoin by their own way! and also peoples will more and more involving with bitcoin and they will definitely proffering to take this opportunity!
jr. member
Activity: 41
Merit: 2
if you look the market clearly you will see that is impossible to happen ,it will only happen if all cryptos be burned and all people fight to get bitcoin which also is Impossible in a real fact
hero member
Activity: 2044
Merit: 784
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There will be many new millionaires in the world. Cheesy
Besides that, I suppose virtual criminals would feel much more excited to attack than before and governments would target btc holders greedier than ever. Also, I don't know how good it would be, because it would mean a large removal of funds from local economies to put in crypto world. Bitcoin could worth 1 million dollars, but you could have a broken country economy at same time.
sr. member
Activity: 1079
Merit: 352
if btc hit 1mil$ it will be a headline in my local tv and have a talks show talking about it, more and more people will get scammed, many shady-outright scam business will start using it like MLM/Money games things.

Well there will be more and more bad things around security in general.
hero member
Activity: 2310
Merit: 532
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Today was the day satoshi nakamoto was going to reveal himself to the world on a website. Havent checked what the result of this was as I was a naysayer to anyone knowing who he really is or was.
But for it to reach this mark of one million per coin I would say he would need to be known and be proven to be the creator of bitcoin for it to reach this sort of astronomical levels.
There is no need for any identity reveal to reach such a big price per coin. As of now depending on the growth in number of users as well according to the acceptance similar to fiat the price has been growing with time. With this I believe the price of bitcoin will reach $1000000 in the future when majority of the countries come up legalized usage of bitcoin.
legendary
Activity: 2828
Merit: 1497
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Today was the day satoshi nakamoto was going to reveal himself to the world on a website. Havent checked what the result of this was as I was a naysayer to anyone knowing who he really is or was.
But for it to reach this mark of one million per coin I would say he would need to be known and be proven to be the creator of bitcoin for it to reach this sort of astronomical levels.
newbie
Activity: 3
Merit: 0
I think if Bitcoin were to ever be worth near that much, people wouldn't be comparing it to dollars anymore
jr. member
Activity: 162
Merit: 3
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Standing at the moment I do not think Bitcoin will be worth $ 1.000,000 so far. Yes, as long as I am going, the demand for Bitcoin is increasing, but at the moment it is not Possible, I think Bitcoin Price is worth $ 1.000,000, still, it will take a minimum of 5 years.
hero member
Activity: 1400
Merit: 505
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?
We will see more hacks in the future as it is an easy target as the exchanges are not trying their best to secure the user funds, we have seen that time and again and for any criminal enterprise it is the best way to make money at their comfort of their home without any violence Cheesy. If you boast your virtual wealth then you might be under attack from criminals too, despite all that what is the realistic possibility of bitcoin touching a million dollar, i do not expect to see that valuation in a very long time.
full member
Activity: 854
Merit: 100
Well, while I do not anticipate such a price for bitcoin in this current generation or the next one, there will be an unceased chaos as people will try all methods to gain bitcoin. Scam issues will increase a hundred fold and bitcoin holders will go into hiding to avoid physical attacks. I do not want BTC to get to such price because the world will be an unpleasant place to live.
legendary
Activity: 2240
Merit: 1069
hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
Definitely. The more value bitcoin has, the more incentives hackers have to hack exchanges, wallets and whatever they can hack to acquire bitcoin.

More violence and criminalization of bitcoin holders by governments
Any events we will see ?
I do not think bitcoin will ever reach 1Million value without getting approved or at least regulated by the government.
full member
Activity: 459
Merit: 104
The bitcoin price will be bigger than 1 000 000 USD in the next 10 years. The will happen probably in 7 years from now. At some moment, probably in 2030 (years) to 2040 the price of the bitcoin will tend to have a constant value.

I do not know what will be this value, possible 10 million to 100 million USD/1 bitcoin (that is 10 000 000 USD to 100 000 000 USD/1 bitcoin). This was what Sataoshi Nakamoto wanted in 2010, for the Bitcoin to attain a price of 1 USD/1 Satoshi  (that is 100 000 000 USD/1 bitcoin). 
   

   
full member
Activity: 467
Merit: 100
Bitcoin is one of the Cryptocurrencies that can hit $1million in no time or maybe in the future. One thing I will say about this is that, when BTC hit that price there will be more corporate bodies buying into the Cryptocurrencies idea and also they will integrate most of their products with cryptocurrency in such a way that we can both buy and sell with cryptocurrency on their markets. Also there will be much scams activities in the cryptospace.
copper member
Activity: 546
Merit: 1
Firstly did you even check that figure you mentioned? That's a whopping sum of six zeros.  Well we all do say cryptocurrency can't be predicted but there are something we shouldn't be thinking of. It's even certain bitcoin will hit 100k$ and you are here thinking of 1M$. Should incase bitcoin hit this price in future I think some touches from different agencies will be on deck.
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