Topic: what will happen if BTC hit 1.000.000$ - page 4. (Read 14181 times)

Bitcoin price is unpredictable, so we can not make amy conclusion yet. Actually there are some analisys methods that we can use to predict bitcoin price at certain time. John Mcafee is an expert so maybe he make that statement based on his analisys. But its not mean that it will really happen. I don't have any doubt about bitcoin reach $1.000.000, there are many posibility about it.

Use your brain. In case Bitcoin goes up by 125x, then who will be stupid enough to spend Bitcoin? They will put all of their coins in cold storage, waiting for another 125x rise. Only some of the users will sell a part of their holdings. Everyone, including the mainstream investors will be racing in to accumulate Bitcoins. Can any other asset give them that sort of returns?

McAfee is interested in only two things. First one is to make money for himself. And the second is to remain in the media limelight, so that he can win the Libertarian primaries, and then contest in the 2020 presidential elections. But unfortunately for him, Larry Sharpe is surging ahead of all the other candidates, and McAfee may struggle to compete against him.

Obviously the attacks will increase, because the amount of money when it is higher increases the interest for the bad, it is necessary that if the bitocin reaches $ 1M the increases of security are substantial, the wallets will begin to charge much more for providing the necessary security .

Violence will always exist, the news will not have any impact on the market, because the same thing always happens, the more bad news is, it will not affect the market in the least, it will always be a reason to create FUD, or some strategy so that the people sell cheap.

The bitcoin holders will always keep their bitcoins very safe, they will not have any problem about it, the qe if they can have problem are the different Exchanges, because if they do not invest large sum of money in their security they will have many problems with their clients, such as has happened with the Exchange Hacked. Many Exchanges have been officially solidified, some are SCAM, others do not even have or are taken into account by CMC, and this is already something substantially dangerous, because the security guarantees are diminished and the truth reliability is very low, therefore, the big ones Intersores and speculators will go to the Exchanges that will produce greater security and will begin to operate from there.

Sorry but I think John Mcafee is nuts, bitcoin will not hit one million dollars within the time frame he predicted.  Johnny just craves attention, that is why he makes all these crazy predictions.

Even just reaching 100k is unimaginable.

I have a first question for you mate before I give my opinion to your topic. How many years now that bitcoin stand in this business industry?
Of course your answer is 10 years, right? and how much so far each Bitcoin now? it is ranging from 7800$ to 8100$ so far.according to coinmarketcap. So do you think how many more years to come before bitcoin reach that amount which is 1,000,000$? although, we don't know what will happen tomorrow. You try to think of it.

I Wish to see this Hit: i will be rich life   in my country ) i am collecting and saving bitcoin for future wealth. .  I know this will come soon.

If the bitcoin value reached up to this level then the use of this currency will be more normal than now and the trade and use activities will be rising day by day. Crypto currencies are formal now and a limited community is using this all but we know that in the near future we will be able to see the the crypto rise and it's online use.

if in the future BTC price become $ 1,000,000, i am sure many people will get rich, because with the increase in the price of Bitcoin it will make the cryptocurrency price also increase and as we know that cryptocurrency investors are increasing every year, so if the price of BTC becomes $ 1,000,000 in the future, so i can make sure there will be many people who will become rich in this world.

+1

Let's not get ahead of ourselves. $20K would be nice again in the next few years. $100K is a long shot (but also nice). $1M - Good luck! with that!!!!!!

First of all i dont think that btc could hit 1m usd because i think that is too impossible and bitcoin could be struggling to hit that much .

if we look at the current value right now we can see that bitcoin itself is already struggling to recover but how much more if it reaches higher price ? Second of all , let say 1m usd is possible i think all bitcoin users are going to be millionaires but 1m usd wont stay for too long because alot of bitcoin hodlers will sold thier assets .

If that happens there will be a lot of rich people among us, of course, there will be a lot of hacking incidents that are going to happen people are going to work more for even a small sum of bitcoin, like faucets there will be a lot of Atm and government will prioritize taxing anything about Bitcoin.

On the contrary, I think that for the price of bitcoin to reach such a high value, mass adoption must be a reality and government regulations must be clearer and more permissive for the use of Bitcoin, otherwise I do not see how big capitals can flow in such a massive way to the market as to raise the price at those heights.

I’ll be amazing if bitcoin will indeed reach 1m$, who knows maybe it’ll happen but it still a long way to go we’ll see soon. Anyways, even with bitcoin’s current there are a lot of hackers or scammer already, all the more when more people will adopt bitcoin. If a lot will adopt bitcoin it means a lot will know more about it and all type of scammers will come up.

In my opinion when Bitcoin reaches the price of $ 1,000,000 it is certainly a small coin and also the altcoin will go up and it is very profitable for traders, and I hope that will happen.

Most of hackers now focused in bitcoin whether it price above $1.000.000 or below $10.000 hackers still focus in it. So in term of security there is no significant change. But in term of economy it will be good because long term bitcoin holders can become very rich. If more people increase their purchasing power then it is good for the velocity of money. The gap between the rich and the poor will be smaller.

If Bitcoin reaches the price of 1 million per piece then the mass adoption hit it hard, why do you even think that it's hackable, never in history of Bitcoin that it was breach by somebody instead the one that got hacked is the platforms that were using it just like exchanges, casinos, etc.

The price of Bitcoin increases because obviously there a lot of investments coming in and so as the trust of the people who are doing it.

The government will be more likely to push the taxes to whoever have the bitcoin considering they can become a really good ta
xation object I mean ez money for the government, however the bitcoin users will also face the difficulty of high transaction fee and will undergo many verification by government which is pain in the ass.

If bitcoin reaches a price of 1 million, there will be a lot of scam in crypto and it is possible that the government will be more assertive about the ownership of bitcoin.

First of all, I don't think it will hit $1 million per bitcoin.

If we assume that it will happen in the future, there will be no fiat currency usage and probably traditional banks will not exist. All people will use bitcoin instead of traditional currency as there is no value for fiat currency when compared to bitcoin.

Furthermore, entrepreneurs who jumped to the bitcoin train early such as cryptocurrency exchanges will become new trillionaires in Fortune magazine. 

Like others said, there will be a risk of increased hacks as well because if a hacker can steal even a single bitcoin, that will make his fortune.