Topic: What will you do if Bitcoin hits $1m in the future? - page 14. (Read 3526 times)

If I am readily aware or confident that bitcoin will reach $1M as early as now, then the most logical action is to buy more, since that is going to give me more chance to earn more. However, let's say I'm a normal guy with no clairvoyant powers, if in the case I have some bitcoins in me and it happens to reach $1M in the future, then I'll go cashout some of my earnings, drink a beer, then buy a lambo. In cash, give money to the poor in my community, donate to charity, invest some of it back, and finally settle inside my house and lay my back.

Since I am not a greedy person, I will sell all my Bitcoin if it is true that Bitcoin reaches the price of $ 1M in the future. And I will use the money
wisely from selling the Bitcoin. I will definitely use 50% to open a business in the real world, then 20% I will buy some items that I have wanted
for a long time. I will save the remaining 30% and use it to buy Bitcoin again if the Bitcoin price is corrected.

That is why we should really stack while we can now. We never know when will it happen so as long as we can, and as long as the price is still at this point, we should save and hold. There are a lot of things that I could think during that time, most of them using my bitcoin most of the time through online stores or merchants.



To be honest, we've talked about that in the past and not just $30K, we've been talking about $50K even. It might not reach that high but still, we are so close. Then we talk about $100K which seems possible considering the recent movements but we also need to rest, for now, corrections and there will be a lot of people that would reinvest.

I'm going to keep holding. Who would sell something that keeps bringing profit when they can milk this cow until they grow old or die?

I'd probably sell a bit because for me 100 thousand USD is so much money that I would be able to live for years on it. I have a place to live, a car, electronics, all I need is to pay the bills, buy food, travel a bit. I'd need 5 years to spend 100 thousand dollars.

First of all, i'm gonna quit my daily job
2. I'm gonna talk to my dad so he can quit he's job too and let me take care the family.
3. Travel around the world with my family.
4. Build my Empire business with that money.

But, my biggest fear is.. I don't think i still holding my BTC when the price hit $1m. LOL

Profit and somehow a reserve through their entire business. Yes, they can play as keeping those sold bitcoins that they did. That's what they've been doing even in traditional stocks.
Just playing it from time to time but I guess for this time, they're all focusing for long term and the same as us, they have high price targets.

It definitely make a point but we all know that in bitcoin impossoble things are being possible unexpectedly. Bitcoin might not that be so hard to believe what it can do. For me, I definitely wishing and believe that someday it will reach a million dollars. But for now, I am more focused on making some savings of it in order for earned and I guess that if I able to save up today and hit 1m in the future, I will had some good profits. I always believe that every hardwork pays off. One thing is for sure tha I will do whenever bitcoin hits 1m. I will make my family life easy and I will give everything we needs, and follows what we wants.

My biggest fear is... not racking up as much as i can now.....

My first missing out was because, I was still in the dark about the whole blockchain....
Too busy being 11 yrs...
now am gonna gather on it...
as for bitcoin reaching 1M...
the next decade should see that manifest...
but wasn't there a speculation that it will 100k this years ending.... looking forward

We find it impossible for now thinking about $1m, just like the situation happening right now nobody expected the reality of $30k per btc and yet we're already experiencing nowadays. Let's cherish every moment that bitcoin was really proving it's capabilities. However, it remains volatile and needs more time to hold before taking our profit because having enough patience would benefit us in the future.

Who knows right? but then when that time comes I hope I have my own 1bitcoin so that I could enjoy all the things that I can now afford with my money, I will use that to buy coins and stocks first, I need to ensure my family's finances together with my future, and next thing will be my dreams, maybe I will start studying again, round trip around the world, donating to some people and foundations and lastly I will create my own company, that is the dream since I was a child.

I am not expecting the price to go that high or maybe I don't have any plans when it happens. That is a massive price change and seeing the price that we have right now seems impossible, still, a lot of users will rejoice. The world is using bitcoin but I don't know at what level but I know that would be amazing and I will just enjoy that time as long as I can.

We have different priorities in life and we have different capacities which means decisions will really vary on each person and same as you said that as long bitcoin is there
i would really be doing my very best not only for the sake of money making earning opportunity but also into its true relevance of its existence.

I do hold some and i do spent some.Earning isnt easy as it sounds but after all the years ive been into this market you can eventually make out things that
you should gonna supposed to do for the sake of those you had prioritized in life.

Future isnt assured though but we can presume out basing on what we are currently seeing.

I don't know if bitcoin will ever hit $1 m in the future but if it ever does I would surely be on cloud nine as I have invested a good amount of money in bitcoins in the past few years and I will become super rich if that happens.

Btw if you are looking to invest in bitcoins or other cryptocurrencies, I would suggest you check out Exocrow, a digital currency wallet, and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.

I have been using this platform for trading in cryptocurrencies and made a lot of money on it. 

As long as Bitcoin made my future secure I will use it because life is the matter of living the way we want it to be. Since I am a less fortunate individual, I will be prioritizing my family and relatives from my profit. Hodl can only be applicalible to those who were young and we don't know about the future.

I would like to travel the world and buy a house in a nice city and invest in business. I'd pursue something creative / fun on the side, maybe I'd get a pilots licence and fly casually for a company and shoot photography in remote areas.

If I still have bitcoin at that moment where bitcoin price will hit $1m then I will definitely sell my bitcoin and buy all my wants and needs. But I am wondering whether it will really happen or not and if it will happen, how many years do you think that we need to wait in order to reach the $1m price in every bitcoin.

My hopes for bitcoin price is not that high as we are the one who dictates the price of bitcoin but I am hoping that bitcoin price will hit $200k-$300K five years from now.

And you can imagine what restrictions will appear, I think that governments will go crazy from such a course, as it seems to me it will be chaos.

Agree. Prices reflect the level of adoption of a specific cryptocurrency in the mainstream world. The higher the price, the more the demand will be. Bitcoin being valued at $1m per coin, means that it would've already reached widespread adoption worldwide. How long this will take, will greatly depend on developers' and individuals' efforts as a whole. First, Bitcoin is going to need to solve scalability issues to become adopted by as much people as possible. Only then, we'll see higher prices on the market. Fortunately, the Lightning Network is under heavy development to make this a reality. But its complexity and instability, makes people look elsewhere. If this keeps up, we might never see the day where Bitcoin hits $1m during our lifetimes. Maybe in the distant future, this will come true?

Regardless of Bitcoin's price, what matters is its level of usefulness. As long as Bitcoin delivers as intended by being a decentralized and censorship-resistant money, nothing else matters. Remember, 1 Bitcoin will be always equal to 1 Bitcoin no matter what. Bitcoin's value is determined in Fiat only for speculative purposes. After all, it's the unit of account in the mainstream world. If we were to use Bitcoin directly without ever having to convert it to Fiat, then prices wouldn't matter at all. You would just determine the value of anything using Bitcoin as a unit of account instead of Fiat. But not many people are willing to do this, since basically everything revolves around Fiat. Just my opinion

This is something that can't happen overnight. 1$ is a lot and it will be a step by step increase. I suppose anybody who don't own BTC by then will think why they did not buy it when it was 30K or 50K, but the truth is that we don't know when to buy to avoid getting wrecked.
Unless you buy for the long, long term, it is almost like a gamble.

Will probably regret selling last year. No, definitely would regret doing so.
How will you foresee such thing? Imagine a currency will have such expensive market value. A currency having no physical appearance. A currency which is decentralized as we all know. Ofcourse if this would come to reality, the smallest population will be the only ones to know. It is easy to say "I am one of those who believe that it's market value will be - - - - - - - someday", but not all people could really anticipate and be patient until that day come, which is the truth.