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Topic: what will happen if BTC hit 1.000.000$ - page 3. (Read 14182 times)

copper member
Activity: 327
Merit: 0
More impressed is not possible at the price of $ 1,000,000, and I think it will be wishful thinking, and even though it really happens then holding bitcoin will be very risky because bitcoin will fall free.
hero member
Activity: 687
Merit: 501
AVANTAGE - Blockchain Loyalty System
Why people are attached to that idea that whenever bitcoin pumps, more negative things will happen? because of those activities that will ride the popularity and trend of it?

Hackers have been penetrating whomever they want so expect it and on our part, we just have to keep ourselves safe from them.

Yes, I agree with you totally. I think BTC already gets all the hacker attention it can get; a higher price won't change anything.
sr. member
Activity: 1988
Merit: 453
It will be very interesting to see the reaction from the governments in case something like that happens. $20 trillion will be locked up in a decentralized asset, over which the central banks have no control. And even worse, the government can't even effectively extract the taxes, due to the advantage of added anonymity of the cryptocurrency.
hero member
Activity: 3024
Merit: 680
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Why people are attached to that idea that whenever bitcoin pumps, more negative things will happen? because of those activities that will ride the popularity and trend of it?

Hackers have been penetrating whomever they want so expect it and on our part, we just have to keep ourselves safe from them.
jr. member
Activity: 280
Merit: 3
BTC $1 mln.
Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.
Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !
I disagree. The Binance hack had a negligible affect on the price of bitcoin. The industry has matured enough so that hacks generally are already baked into the price. Ultimately, the price of bitcoin is driven by supply and demand, and the supply is getting scarcer and scarcer.

I agree, Binance hacking doesn’t have a big impact on the price of Bitcoin. In the future, it is possible that the price will rise to $1 million, but when this happens, no one knows. But the fact that Bitcoin expands the scope of its use and its price grows is a fact.
sr. member
Activity: 1204
Merit: 388
hi guys
if BTC hit 1 million $ in the future what will happen
I guess bitcoin become regular payment on europe and america when hit 1 Million USD/1 BTC, so many people use bitcoin for payment and exchange fiat into bitcoin on exchange market. Rules has made for country when adopting and implement bitcoin, then institution was invest bitcoin as main future technology.
newbie
Activity: 9
Merit: 0
I think it's impossible for Bitcoin to get that value
On the other hand, nobody was expecting anyone, so who knows ...
If this happens, all of us will become millionaires
and hacking attacks will come to that
sr. member
Activity: 854
Merit: 281
Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.

Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !

I disagree. The Binance hack had a negligible affect on the price of bitcoin. The industry has matured enough so that hacks generally are already baked into the price. Ultimately, the price of bitcoin is driven by supply and demand, and the supply is getting scarcer and scarcer.
hero member
Activity: 1400
Merit: 505
if that really happens
i guess paper money (fiat) will not be valid or not useful anymore, many wealthy people appear. the price of goods is getting more expensive, just imagine a crypto (bitcoin) worth 1 million dollars. that is crazy lol.
May i ask how you came to a conclusion like this, if the price of bitcoin touches those valuation how come paper money will loose its valuation, i would like to hear your theory regarding that  Roll Eyes Tongue . Do you really think that the general expense will increase if the price of bitcoin increases, what kind of commerce analogy is that dude  Cheesy. If people invest when the price was right, then they could make some money and nothing else. The world will move on as normal.
full member
Activity: 546
Merit: 100
If bitcoin hit the 1 million target then this will affect bitcoin positively and we know that Crypto has a good future so now it is the best time to invest in these currencies and make the bright future, Crypto currencies are very useful and it is the way we can hire the expert services through online market and big casino are operating and they use crypto.
hero member
Activity: 1386
Merit: 503
if that really happens
i guess paper money (fiat) will not be valid or not useful anymore, many wealthy people appear. the price of goods is getting more expensive, just imagine a crypto (bitcoin) worth 1 million dollars. that is crazy lol.
legendary
Activity: 2044
Merit: 1008
Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.

Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !

Hackers will find more ways to hack, only if they exist. You need to remember that 99% of the hacking incidents occur because of the carelessness of the user. All you need to do is to adhere to a few basic safety precautions. In case you are using an online wallet such as Blockchain.info, then you need to enable 2FA and email authentication. These simple steps will make your wallet out of reach for the hackers. Another option is to purchase a hardware wallet. They are not very expensive, IMO.
full member
Activity: 1008
Merit: 101
this sounds really funny Cheesy
but if indeed bitcoin reaches a price of $ 1000 000 in the future, maybe there will be many people who are crazy because those who never hold money suddenly become rich Cheesy and maybe there will be a lot of hacking or killing people who have bitcoin (robbers will take hostages and ask for passwords)
but maybe also each country will increase security and request tax from bitcoin owners
sr. member
Activity: 2366
Merit: 448
Enjoy 500% bonus + 70 FS
The big increase in bitcoin is everyone's hope, but if it reaches that much I think it's impossible and even though it happens, it will take a very long time.
and besides that it is very risky besides a lot of fraud or crime in any way to be able to have bitcoin which is not his right, and the government will not stay silent to take action to make regulations.
sr. member
Activity: 574
Merit: 251
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 ?




think we will see alot of people that would normaly not have so much mone starting projects that might benefit humanity and nature in a bigger way than corp billionares ever would. so i think it will be a good thing for the world as a whole.
legendary
Activity: 2030
Merit: 1028
Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.

Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !
full member
Activity: 434
Merit: 100
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 ?



I know that first of all, this value is absurd but I'll give the benefit of the doubt. If this does happen then there will surely more major hacks but I think that this time, the perpetrators are now can be identified and jailed because the government is sure now on our side. And robbery will be present like always but on that scenario, it's btc that they most definitely want rather than gold and fiat.
copper member
Activity: 455
Merit: 0
It's hard to imagine the things that will happen when bitcoin touches the price of 1 million because it's a high price beyond logic, and I think bitcoin will never be able to achieve it.
hero member
Activity: 1722
Merit: 528
I Wish to see this Hit: i will be rich life   in my country Smiley) i am collecting and saving bitcoin for future wealth.Smiley .  I know this will come soon.

Just wait and be patient.

The early buyers of Bitcoin should've been able to make a huge fortune out of this if they keep on holding it until now. I think they did but with that long time, I guess some sold theirs. You should not just focus on BTC since there are a lot of other cryptocurrencies you can invest in that will give you a good profit. You can also trade that to BTC to get more. When that price comes, you are a cryptocurrency millionaire, or maybe a billionaire.
full member
Activity: 658
Merit: 100
If bitcoin reaches $ 1 million, I believe that bitcoin then accounts for 90% of its daily trading activities, from trade to trading between countries.
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