What will you do if Bitcoin hits $1m in the future? - page 17.

Youghoor

sr. member

Activity: 1036

Merit: 275

Quote

What will you do if Bitcoin hits $1m in the future?

First and foremost, looking at the market projections of Bitcoin for the past years now, there is no way one Bitcoin will be worth a million dollars in the future. Gold has been around for so many years now but its market value per ounce is worth a million, why will you have the assumption that Bitcoin has that potential. Sometimes we need to real when making some predictions. Bitcoin has not even attained mass adoption and people are thinking of it being worth a million in the future. Lol.

onooks

jr. member

Activity: 71

Merit: 1

Quote from: tabas on January 01, 2021, 02:43:14 PM

Quote from: Abiky on January 01, 2021, 01:17:17 PM

If Bitcoin hits such price levels, many early adopters will become millionaires.

At this point of time, those holders who have bought it early and holds around 40+ btc are already millionaires today.
I'll sell but not all that I've got. That's going to be a very historical sale for most people and if we're planning to sell, the institutions are the first one to sell from that point.

and what will institutions sell for? so they can buy their stock back?

Mike Mayor

hero member

Activity: 966

Merit: 535

When it reaches 1 million $$ Then I will be rich xD I think it can easily get to a million. Look at the speed of adoption and wait until the next massive buy-in of newcomers. Soon there will be now newly created bitcoin and thus bitcoins rarity increases. Up until now, we have had the mining to absorb the adoption by people. Without that the price should skyrocket. Come, on guys, we all know it will reach a million so please please please save your bitcoin do not be foolish. We messed up once let us not mess up again. If it doesn't reach 1 million then lifes not worth living.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Abiky on January 01, 2021, 01:17:17 PM

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.

I believe in the saying that nothing lasts, so if ever Bitcoin hit $1M in the future and if happens I have some on my stash, I will diversify. Cash-out part of it and invest in real estate. It is always good to have tangible investments. Then will keep the other part for speculation purpose.

BuNga_cute

full member

Activity: 1736

Merit: 116

My highest target for Bitcoin is to hit the price of $ 1 M, so if it does, I'll sell all the Bitcoin I have. I will make a business using the profit I get
from Bitcoin, and I will also give what percentage of Bitcoin sales to charities. Because I believe we have to help others if we are getting
a lot of sustenance. It could be that if Bitcoin really reaches the price of $ 1 M, I also retire to invest in Bitcoin, because I believe I already have
made a lot of money from selling Bitcoin.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

*What I do when the Bitcoin price hits $ 1m is sell the Bitcoin that I hold...
I really believe there will be a lot of excitement going on in the community when Bitcoin hits the price of $ 1m. they will be busy figuring out what Bitcoin is, their curiosity will definitely frustrate them.

vaultman

copper member

Activity: 493

Merit: 170

BountyMarketCap

In such a situation, it would be reasonable to decide to sell part of the bitcoins for a carefree life and leave most of it in the form of bitcoins. Since I think that the price will rise and reach the point where it will be above $ 1 million, but it will not be soon, most likely closer to the moment when the last bitcoins will be mined.

doctor877

full member

Activity: 896

Merit: 115

That's a very long way to go but I think at that value it's enough to take out half as profit and enjoy myself with my family and make some of my dreams come through. But the most important part is the adoption which will drive this to come through.

hahay

legendary

Activity: 3486

Merit: 1055

Leading Crypto Sports Betting & Casino Platform

Why wait so long to sell whether it is a greedy person, because if that value is reached I am confident to sell it. I don't have to wait to get a lot of profit to give charity, because for me charity can be anytime and it's not just about money. With the achievement of bitcoin ATH in 2021 I think it is very good and it seems like there are many people who are doing charity and enjoying it now from the profits they get, but I don't think it's a target because whenever the price moves, of course there will always be people who benefit from movement that occurs. They are free to take advantage of the benefits and even more so if the bitcoin price reaches $1m, of course it is something that is very surprising for everyone.

cr1776

legendary

Activity: 4228

Merit: 1313

Quote from: A62662 on January 01, 2021, 02:31:26 PM

It will never hit $1m in the future. That is what you would expect an 8 yo kid to ask.

People were saying it wouldn't hit $1 and then $10, and then $100 and then $1000 and then $10000 and then $40000. So unless you have a crystal ball, I wouldn't say something like that because you are just repeating the same mistakes that have been repeated for more than a decade now.

mardaed

full member

Activity: 994

Merit: 105

Quote from: CODE200 on January 27, 2021, 12:36:55 PM

Quote from: mezzaluna on January 08, 2021, 01:04:51 PM

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

Financial stability? For real? I think it is not showing the slightest chance. I live in a third world country and reality speaks that this is not true. The idea that the market price will continue growing won't make it a reliable source of income to result into financial stability simply because the increase is not totally continuous. It'll take years in order to come up with another all time high(based from its past) which is in contrast with the idea of stability. Those who will afford investing huge amount and will be able to wait for a long period of time will be the ones who will benefit the most but only few people could do that.

That is true. I can relate to what you are saying as I am also in a third world country. Upon reading the title of this thread, the first thing came into my mind is that hopefully I have some funds with me for which I could invest in and hold and wait for BTC hitting $1m. But it’s not the reality for most of the people, as no one knows if it will happen and living in a third world country makes it hard to save seriously. And with stability, I cannot completely rely with BTC as you have mentioned its growth is not continuous.

CODE200

sr. member

Activity: 1484

Merit: 323

Quote from: mezzaluna on January 08, 2021, 01:04:51 PM

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

Financial stability? For real? I think it is not showing the slightest chance. I live in a third world country and reality speaks that this is not true. The idea that the market price will continue growing won't make it a reliable source of income to result into financial stability simply because the increase is not totally continuous. It'll take years in order to come up with another all time high(based from its past) which is in contrast with the idea of stability. Those who will afford investing huge amount and will be able to wait for a long period of time will be the ones who will benefit the most but only few people could do that.

dupee419

sr. member

Activity: 1344

Merit: 261

Still a long way to go if that's the case, some hodlers that are patient enough for a 20-year hold or even more before BTC actually hits that $1m price mark, and if that does happen, I'll become a millionaire and probably improve all of what I have, definitely upgrade my appliances and won't forget to give my PC a huge upgrade that's for sure, but will definitely build a business to furthermore secure my future, and pizzas.

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

That price is still a very ideal premise in the short term!
I don't really think about what could happen to me if such a price came at any time, anyway I am just a satoshi hold but at least it is something, I just hope that as far as possible when bitcoin reaches such prices, many people have been able to get to know bitcoin and a distribution to more people would have been achieved.

As for donating, it is something that comes with what I said earlier, maybe the way to do a good cause is doing just enough to make bitcoin known ... maybe someone's poverty today can buy some satoshis But it may be... why not!! to be ensuring the distant future of its descendants.

MishaSER

full member

Activity: 1050

Merit: 103

BIB Exchange

As we know the dollar is losing its value, 100$ now and 100$ 10 years ago are two different things. It is hard to imagine what will happen with a bitcoin price of $ 1 million.

mezzaluna

member

Activity: 518

Merit: 23

★Bitvest.io★ Play Plinko or Invest!

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

acquafredda

legendary

Activity: 1316

Merit: 1481

Good question.
I guess the time to prepare to those price levels is now, as I am deeply not prepared to see 40k already! I mean that is high compared to when I first heard of bitcoin (2011). I suggest everybody to look at these saving plan to set a good strategy and get prepared.
https://jlopp.github.io/bitcoin-savings-plan/

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: BITCOIN4X on January 07, 2021, 01:45:51 PM

The OP's question will likely lead to a similar answer in general, namely that no one knows the future of bitcoin whether it reaches $1M, $2M or more. I only hope that bitcoin will continue to grow and always be accepted by the wider community and adopted as a payment system. If adoption increases and continues to grow, the price will be maintained even though the volatility cant be eliminated.

If bitcoin reaches the price of $1M then I believe the government's involvement in regulatory matters will be higher and they will probably regulate it more tighter. Maybe I will be the reader of thousands of communities who are disappointed that they don't buy bitcoin today if the price reached $1M in the future. LOL

That's certainly true, mate. No one knows what Bitcoin's price will be in the future. Everything is just speculation. Bitcoin's value is determined by everyday people like you and me. That's because Bitcoin doesn't have a central authority in control of its supply (unlike Fiat). Bitcoin's future price will depend on how well it's adopted in the mainstream world. If it ever hits $1m, I'm sure many early adopters like you and me will become filthy rich. Such a high price will also attract the likes of everyday people by encouraging them to buy and "hodl" Bitcoin for the long term.

Whatever you do after Bitcoin hits $1m in the future, it's your decision. You can either sell your coins for cash or continue "hodling" it for the long term. It would be wise to sell a portion of your Bitcoin holdings to help secure your profits. You'll never know when Bitcoin will go down in price again, due to its volatile nature. Just my thoughts Grin

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Abiky on January 01, 2021, 01:17:17 PM

~

Probably buy tons of pizzas like I'll fulfill the good ol' 2017-2018 meme about being able to buy pizza with bitcoin.
But for serious matters, I would probably sell. I am not expecting that much to be a millionaire in Bitcoin, since holding it for its value is just the side of my dish actually. Doesn't matter if it plummets or rockets.

Amon1231

newbie

Activity: 37

Merit: 0

If it reaches 1 million dollars in the future, I will invest half of my money in Bitcoin again and half by buying a house and building an apartment for me to have a passive income, nowadays we need to have an income passively because we didn't know what will happen to the future, just like this pandemic, we did not expect for this to happen many people lost their jobs.

Topic: What will you do if Bitcoin hits $1m in the future? - page 17. (Read 3526 times)