what will happen if BTC hit 1.000.000$ - page 2.

dat.ho12492

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Quote from: cryptjh on June 05, 2019, 07:05:14 PM

A million dollar bitcoins will mean that bitcoins have turned into a world-recognized digital gold store of wealth.
This scenario will probably happen in the next twenty years. But probably most faster.

Well, when bitcoin reaches that price, it will be a worldwide boom when we can see the number of bitcoin users in the current period, overcrowded and they will definitely be happy with this price but keep that happiness in their dreams because this scenario will not appear, you can wait another 10 years or 20 years, everything is still useless. Come back to reality, buddy, the value of bitcoin will probably increase in the future but it won't be too high, don't dream too much when it can make you miss the best opportunity to sell

beerlover

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That would mean the bitcoin marketcap would reach 18 trillion dollars if I am not wrong. Now, I am not saying its impossible since there is something called inflation and that would result with dollar losing its value every single year so it could happen given enough decades Cheesy

. However, in reality there is no way Bitcoin can become bigger than NYSE stock market as a whole, not just one stock or a group of stocks I mean ALL STOCKS in NYSE so its impossible for now.

However, when the day comes and NYSE total marketcap reaches over 100 trillion then it wouldn't be a shock that bitcoin becomes a million each. It has done x100 before and I am sure it will do it again given enough time.

cryptjh

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A million dollar bitcoins will mean that bitcoins have turned into a world-recognized digital gold store of wealth.
This scenario will probably happen in the next twenty years. But probably most faster.

Shinpako09

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Quote from: omonuyak on June 05, 2019, 02:02:05 AM

Quote from: jerry0 on June 03, 2019, 02:56:25 PM

Wouldn't this be a big concern because if it happens... then too many millionaires?

Thus being rich isn't a big thing anymore? Example say someone has 5 btc. That would be 5 million dollars... that is rich no matter where you are located.

We would all be rich but that do not mean richest will create problems in the society. Bitcoin has that potential to grow to $1,000,000 and it is very clear that we see to it that one day this is going to happen. If you really desire to be among the rich in future then buy bitcoin and makes up your mind to sell when it has reached $1,000,000 and if that happens in the next few years you will be among the rich.

The question is are you still alive if ever btc reach such price? for sure 10 years isn't enough for waiting. All saying about btc reaching $1M price is just prediction/speculation. There's no concrete evidence that shows it were going to happen in the future. Although, I would love it, it's kinda too high for me and it's not affordable by that time.

omonuyak

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Quote from: jerry0 on June 03, 2019, 02:56:25 PM

Wouldn't this be a big concern because if it happens... then too many millionaires?

Thus being rich isn't a big thing anymore? Example say someone has 5 btc. That would be 5 million dollars... that is rich no matter where you are located.

We would all be rich but that do not mean richest will create problems in the society. Bitcoin has that potential to grow to $1,000,000 and it is very clear that we see to it that one day this is going to happen. If you really desire to be among the rich in future then buy bitcoin and makes up your mind to sell when it has reached $1,000,000 and if that happens in the next few years you will be among the rich.

iqlimasyadiqa

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Quote from: crypto1998 on May 13, 2019, 09:28:14 AM

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 ?

When the price of bitcoin increases, it will make more people interested in having bitcoin, this will increase the occurrence of crime because every criminal will surely think that they can earn a lot of money. Now when this happens, the security system should be improved and every user must be able to make an appropriate way to keep his account or wallet much better. don't let other people (criminals) be able to take advantage of existing security gaps. use the best wallet and we must have good knowledge about security to be able to maintain the bitcoin we have.

WinslowIII

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Quote from: jerry0 on June 03, 2019, 02:56:25 PM

Wouldn't this be a big concern because if it happens... then too many millionaires?

Thus being rich isn't a big thing anymore? Example say someone has 5 btc. That would be 5 million dollars... that is rich no matter where you are located.

It won't be that rich when the usd value is worth far less than today, which is where it's headed. Another thing to consider is at $1m, most small holders would have long since sold, with many shorting expecting a pullback that doesn't happen or many just wrongly thinking all that fiat they just traded their btc for would hold it's value.
It makes sense when you consider the reason bitcoin was created in the first place and compare that to the ever increasing fiat crisis. It makes no sense to those who believe that the current fiat systems and economies will be fine. If all you are interested in is using bitcoins to increase fiat, in other words, you may not end up too happy long term.
Will it do it? I have no idea, but I wouldn't be the least bit surprised - just look at the world debt and all this quantitative easing shenanigans.

jerry0

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Wouldn't this be a big concern because if it happens... then too many millionaires?

Thus being rich isn't a big thing anymore? Example say someone has 5 btc. That would be 5 million dollars... that is rich no matter where you are located.

Dewi Aries

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Quote from: crypto1998 on May 13, 2019, 09:28:14 AM

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 ?

More people complain about exchanger fees that really expensive Grin

maybe 1 thing that will happen if bitcoin reach $1000000. And maybe a lot of people here can be very rich with that and a country couldn't handle it.

wheelz1200

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Quote from: crypto1998 on May 13, 2019, 09:28:14 AM

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 ?

At that point you will see governments all in trying to see how they can make their piece of the pie. You can guarantee to see heavy regulation and a proper tax code that wont be so grey. You will also see traditional big boy companies making their version of exchanges as well killing off these little exchanges that keep popping up. You will surely see more scammers here on this forum that's for sure lol.

Irviyandi

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The main view we see if bitcoin reaches that price, so many new rich people are in the world of bitcoin and maybe it could be that many of them use bitcoin that is not good for criminals or anything like you mentioned, and hacking is very likely Because the price of bitcoin is quite high

Adriano2010

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I think if will happen most who hold bitcoin will be happy, but also who don't have will try to get some, and also will appears a lot of scammers and also a lor of hackers trying to steal coins. Regarding altcoins either will value a lot or will go down, i think also them will value way more then now.

WinslowIII

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Quote from: Gabteb on May 30, 2019, 10:18:41 AM

If BTC hit mln then huge work will be done for it maybe big adaptation would be done already all big and small companies would accept it so then BTC would be one of the main payment methods of the world about hack maybe a little more but not so much as at that stage most companies would have good technical teams for support and etc. it my opinion.

None of this needs to happen, speculation alone could do it.
Why do so many people think a $1m bitcoin simply has to be supported by a linear rise in both infux of capital and mass adoption? All that needs to happen is for enough people in the world to want it - that's it, nothing more - the scarcity of bitcoin will take care of the rest.

Gabteb

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If BTC hit mln then huge work will be done for it maybe big adaptation would be done already all big and small companies would accept it so then BTC would be one of the main payment methods of the world about hack maybe a little more but not so much as at that stage most companies would have good technical teams for support and etc. it my opinion.

WinslowIII

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Most people holding bitcoin today would have long since sold before it hits $1m, thats my guess. That probably includes every person who has spoken in this thread. Tongue

LimLims

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Quote from: crypto1998 on May 13, 2019, 09:28:14 AM

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 ?

If that sick thing Gonna happen in the future, then i am sure, a lot of things will change.
First of all the holders, i mean the ones holding Bitcoins will be more rich.
The tx fees will ofc increase.
There will be a lot many marketplace regarding to Bitcoins will open.
And lastly a new Digital world will take place.

LUCKMCFLY

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I think they will have a way to new Exchanges, because there will be many investors who want to buy Bitcoin, and regarding the issue of Hacking all Exchanges must have security plans and this translates into fees for more expensive transactions, because the Exchange will guarantee security, without To count that the transactions for the entrance and exit of money of the Exchange will be more expensive.

In addition there will be a large increase in altcoins, which, for all altcoins must increase their securities, because if bitcoin reaches those prices the altcoins will give very high jumps around 3x, 5x, 10x ... I think security should be This is a primordial issue for everything, because the efforts to obtain coins will be greater every day.

bigvito19

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Quote from: crypto1998 on May 13, 2019, 09:28:14 AM

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 ?

Maybe $100,000 is the most, do you know how much money needs to be in crytpo for it to be $1 million?

tukagero

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If btc hit 1,000,000$ there will be a huge numbers of millionaires, hacking will the major problem by online wallets and exchanges. But that price is only a dream and will never happen.

Flyingduck2K

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i think that we won't see that happen in the next years. more like, 10-15 yrs or more.
by that time inflation probably will let it look like a few k's.

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