Topic: what will happen if BTC hit 1.000.000$ - page 5. (Read 14190 times)
I have the same opinion with you, that the higher the price of bitcoin, the more hacking cases will be, but if that really happens then the security in the crypto world will definitely be improved even though we know there will always be a gap for those perpetrators cyber crime.
I think it will be a dream day for all the crypto currency holder. But originally it will take a lot of time. The market is still in it's blooming stage. But from my point of view btc will come in light to all the countries but it will take a lot of time. Let's hope for the best and prepare for any worst condition.
I believe that my bitcoin will not be at the price of 1.000.000$ ，Because this will cause more countries to be destroyed by the economic bubble.
If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.
Your statement is very surprising... considering your forum rank. You may be knowing that Bitcoins are indefinitely divisible. Each Bitcoin is divisible by 100 million units, and these units are known as "Satoshis". So you don't need to purchase one full Bitcoin. You can purchase BTC0.001 or even BTC0.0001. Therefore I would say that your statement that BTC will become unaffordable, doesn't make any sense.
What you are saying is true, when the price will hit 1million dollar then automatically each satoshi will become worthy and even who are holding 1 lakh sats will be rich.
If bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.
Your statement is very surprising... considering your forum rank. You may be knowing that Bitcoins are indefinitely divisible. Each Bitcoin is divisible by 100 million units, and these units are known as "Satoshis". So you don't need to purchase one full Bitcoin. You can purchase BTC0.001 or even BTC0.0001. Therefore I would say that your statement that BTC will become unaffordable, doesn't make any sense.
When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.
If the price of bitcoin reaches one million US dollars, we can be sure that the bitcoin owners who invest from now will become millionaires in the future. Whether that will happen, time will answer. For bitcoin, all possibilities can occur.But certainly the government anywhere cannot underestimate digital currencies such as bitcoin, because its function besides being a means of payment also becomes investment and trade. The role of bitcoin in the future I am sure is not usually ignored because the users are increasing.
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 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 bitcoin reach 1million dollar price value possible increase the number of hackers and only millionaires can buy or afford to buy bitcoin if that speculatuon comes true. And the government keeping all attention for the bitcoin how to regulate as currenc.
Well, let's wait till it hits that before we think about what happens. For now, we have not yet crossed even 10k. However, I just don't see anything else that will happen that to see more people becoming billionaires
When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.
That's actually not what government will be focusing on...
What it should happen is keep stability against or with fiat in same principles and rules applied to fiat vs bitcoin or any other cryptocurrency.
If we manage to stay on those tracks we will have a better world to everyone using crypto or bitcoin.
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 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 easy to say, but the question is give us some reason why BTC need to hit 1,000,000$ eachBTC?
Because if you will not show any of the factors to make it happen, or give some links article about it, I guess
you are making only some story about it. Sorry for this dude, I am just stating the fact. Imagine the price of
Bitcoin so far was 7890$ each, this was happened for 10 years though last 2017 it went up to 20k$ almost each bitcoin
it just dumped now, so if you are going to analyse it how many decades will takes before 1M$ each of bitcoin?
Think of it?
If bitcoin hits $1,000,000 then there is a possibility of two things that might have happened which has triggered the price to reach this position. First, the market might have been extremely manipulated to reach this position (very highly unlikely and even if it does happen the price will end up crashing very badly). Or, we have officially announced bitcoin as the global currency and everyone is using it.
To be honest, nothing will happen. People will lead their life as usual and instead of using just the fiat currency, they will be using crypto currencies.
To be honest, nothing will happen. People will lead their life as usual and instead of using just the fiat currency, they will be using crypto currencies.
I am sure it will hit $100k, but not in the next 2 years. BTC are the easiest, cheapest/fastest way to invest, earn, spend, transfer your money.
In the next some years the price will probably go higher, but I don’t think that it will raise too much. I don’t belive that it will reach $1M (some people talk about that) in some years, but $100k is a possible price.
In the next some years the price will probably go higher, but I don’t think that it will raise too much. I don’t belive that it will reach $1M (some people talk about that) in some years, but $100k is a possible price.
When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.
In case that happens, then the total BTC market cap will be somewhere around $20 trillion. And now compare this to the total worth of all the banknotes and coins circulating in the world, which is only a fraction of this amount. I am not sure whether the governments will be at ease with such a scenario. I am talking about countries such as China, where the national currency is heavily manipulated.
When bitcoin get to one million dollars in the future then we can boldly say that it has attained it mainstream position and the government will then see the need to adopt bitcoin and a secondary currency in their territory. With lots of users having confidence in the bitcoin network.
If it is true that the price of bitcoin reaches such a value, I think the government will be more decisive in giving the rules to each country, and the income tax will increase, for example in my country.
the government will certainly take advantage of the situation to tax the owner of bitcoin and that is sure to happen, because the nominal high bitcoin price makes people increase in terms of the economy and the government will use it to tax.
If it is true that the price of bitcoin reaches such a value, I think the government will be more decisive in giving the rules to each country, and the income tax will increase, for example in my country.
the government will certainly take advantage of the situation to tax the owner of bitcoin and that is sure to happen, because the nominal high bitcoin price makes people increase in terms of the economy and the government will use it to tax.
If Bitcoin hits $1,000,000 then we will have Bitcoin on Mars as well.
Eventually if the price of Bitcoin hit $1.m, criminality will be on a high side and there will be wars of hack around the world of cryptocurrency. There will be series of problems that will be associated with the price, becasue everybody will bow to it price. People will piratically worship Bitcoin, and if eventually Satoshi .N. is fond, humans will make him their God.
I don't think that the hacking frequency will go up if the price increases. On the other hand, I would say that such incidents will go down in number. If the prices increase, then more number of users will be able to purchase accessories such as hardware wallets, which can prevent the vast majority of the hacking attempts. So according to me, the hacks may go down in number.
Probably he is saying, hacking incident will be more frequent and prevalent. Since the more valuable or expensive bitcoin become, many hackers will be in the lookout for more ways to steal people's coin.
having a hardware wallet is not the safest way to store bitcoin, Paper wallet are still the best cold storage for our cryptocurrency.
I agree. The incidence of hacking may increase, but the success rate for the criminals will be in decline. But still you need to understand the risks that are associated with hardware and paper wallets. In case the private key or backup files are lost, then there is no way to recover the coins. And paper wallets are very vulnerable to robbery. Storing the private keys can be a complicated process.
If it is true that the price of bitcoin reaches such a value, I think the government will be more decisive in giving the rules to each country, and the income tax will increase, for example in my country.
the government will certainly take advantage of the situation to tax the owner of bitcoin and that is sure to happen, because the nominal high bitcoin price makes people increase in terms of the economy and the government will use it to tax. 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 ?
That is imposible to happen even in prediction ,bitcoin reach $1M even in the future. But if ever it will happen many people will become rich and others will become violence and has no self control with their wealth. 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 ?
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