What will you do if Bitcoin hits $1m in the future? - page 3.

breathlessz

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Quote from: Argoo on July 16, 2021, 10:55:17 PM

Quote from: Rebdoomer on July 04, 2021, 06:08:44 PM

I don't "hope" Bitcoin reaches $1m, I have faith Bitcoin will reach $1m. Faith is stronger than Hope. Hope walks through the fire, Faith leaps over the fire.

I personally deeply doubt that Bitcoin can ever reach the one million dollar price. Even if it is capable of reaching such a price, the states will not allow it to rise in price so high. States have enough leverage to prevent this from happening, because the cryptocurrency in this case will greatly affect the stability of the global financial system.
When Bitcoin recently hit $ 64,000, many officials immediately began calling for tighter regulation of the cryptocurrency.
Well, let's see how it will be in practice in the future.

it's really hard to believe the future, but no one knows what will happen next, and even if it does, we don't know how long it will take. This year's high ath is indeed $64k, and that means it still needs some bullruns to hit it. but if all the countries legalize bitcoin, I think it's also not an impossible thing to happen. for me right now, I want to invest in bitcoin now and sell it during the bullrun later, so that my family's economy is strong

Argoo

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Quote from: Rebdoomer on July 04, 2021, 06:08:44 PM

I don't "hope" Bitcoin reaches $1m, I have faith Bitcoin will reach $1m. Faith is stronger than Hope. Hope walks through the fire, Faith leaps over the fire.

I personally deeply doubt that Bitcoin can ever reach the one million dollar price. Even if it is capable of reaching such a price, the states will not allow it to rise in price so high. States have enough leverage to prevent this from happening, because the cryptocurrency in this case will greatly affect the stability of the global financial system.
When Bitcoin recently hit $ 64,000, many officials immediately began calling for tighter regulation of the cryptocurrency.
Well, let's see how it will be in practice in the future.

Connor Britton

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It will not reach 1 dollar in the future. Although the price of Bitcoin is falling, many people now know about cryptocurrencies and may buy them when they fall. This will increase its price. It may hover at the current price. Bitcoin lacks a breakthrough. When it breaks, its price will continue to rise.

If it does reach $1, I might buy more.

DatKing

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I'll be so happy as I'm HODLing some BTC already now. I'll make a really huge profit. I guess I would sell my profit and continue to HODL for more time. In the end, we never know the highest level Bitcoin price can reach.

DarkDays

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Quote from: bakasabo on July 05, 2021, 03:55:24 AM

If one day Bitcoin price will hit $1m or be simple near that line, I will start to cry. These will be the tears of sadness of all missed opportunities. Life gives so many chances to get rich, achieve something or something like, but we are just blind and not using them. This is all connected with being risky+lucky person or not.
Frankly speaking, I do not believe that one day I would see $1,000,000.00 next to Bitcoin on crypto price tracking site. This will create a lot of fiat currencies valueless or even simply create fiat valueless. One day most of the people will be able to afford everything they want. That is just something that can not be normal in the world.

I agree with your point. If BTC was to reach $1 million it would create millionaires out of nowhere and that would pose a problem to society. People would lose the notion of value and the gap between the rich and poor will only widen. It will also lead to many more mental issues as many people would miss out on this opportunity.

All in all, it would create a world of financial chaos. If BTC was $1M then the finance sector would also have to undergo major structural issues, and for sure crypto will be a major part but I can't imagine all the changes this will bring to the world. It will be madness.

Abiky

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Quote from: romecheo on July 04, 2021, 12:21:51 PM

Reaching $64K per BTC was unimaginable, it's only eleven years past, since Bitcoin was first introduced, and now, BTC has a great value,

We don't know when BTC would reach $1M, if this will happen, many who own BTC, will surely be happy, and those who don't, will surely regret it.

Will the small amount of BTC that I have, I can spend it to buy a few parcels of land, where I can plant all fruit bearing trees that I want.

As you've said before, we'll never know when Bitcoin will reach $1m per coin. The least we can do is predict what its future price will be according to certain market movements. While we wait for Bitcoin to reach $1m, we can make profits in the short term by taking advantage of the wild fluctuations in price. I've seen some people making money during Bitcoin's ups and down, by following said strategy. What you'll do with the money earned, it's up to you. Spend your Bitcoins wisely in order to avoid becoming bankrupt in an instant. With or without a high price, Bitcoin will last a long time thanks to its decentralized and censorship-resistant design. Just my thoughts Grin

lightning0

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I once again saw these problems with the attractive price of Bitcoin, and I was very excited. Because there are really so many people who have been holding it here and believe in its holding value.
If Bitcoin reaches 1 million U.S. dollars, it still depends on my economic situation at the time. Think about the day when I really get it. My values won't let me exchange Bitcoin for profit.
I am thinking now, what will the world's operations be like at that time?

bakasabo

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If one day Bitcoin price will hit $1m or be simple near that line, I will start to cry. These will be the tears of sadness of all missed opportunities. Life gives so many chances to get rich, achieve something or something like, but we are just blind and not using them. This is all connected with being risky+lucky person or not.
Frankly speaking, I do not believe that one day I would see $1,000,000.00 next to Bitcoin on crypto price tracking site. This will create a lot of fiat currencies valueless or even simply create fiat valueless. One day most of the people will be able to afford everything they want. That is just something that can not be normal in the world.

Rajamuda

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If it happens, it's a great achievement. For me who want to improve my finances and make ends meet, of course I will cash it out and if I still have.. I will hold some.
And I think basically each of us depends on the living conditions, what to do when that happens, well bitcoin won't be easy to reach $1m, but have a sense of optimism it's better.

the rise

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for sure, the person who owned bitcoin 5 years ago will be the richest person in the world, even if they only have a few, we all hope that bitcoin will be soon $1 million, I'm sure that will happen. Although we do not know when, but the trust of bitcoin from the community is very high.

Rabi3

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Quote from: Tumanggor on July 04, 2021, 10:11:40 AM

Quote from: Abiky on January 01, 2021, 02:17:17 PM

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the first thing I will do when Bitcoin reaches $1 million is sell 20% of my assets and donate it to my country's government as a form of ridicule that they are stupid not seeing the potential of Bitcoin

The digital era encourages all humans to be able to accept cryptocurrencies because refusing crypto is just a waste of time
to hell with Chinese, UK FUD because they are just a stupid country

if you and just other few people do the same, it won't affect a whole country that much, so i think it's better of you keep it to yourself, or just help people close to you or people you know that have financial problems, but for me i won't donate to anyone, nobody helped me my entire life, so i would just enjoy my profits and live the life i always dreamed of.

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Quote from: Rebdoomer on July 04, 2021, 06:08:44 PM

I don't "hope" Bitcoin reaches $1m, I have faith Bitcoin will reach $1m. Faith is stronger than Hope. Hope walks through the fire, Faith leaps over the fire.

Good analogy, that changes what I'm thinking about hoping and believing but it works both if you combine them. But I'd give you that and you've said good analogy.

Quote from: romecheo on July 04, 2021, 12:21:51 PM

Reaching $64K per BTC was unimaginable, it's only eleven years past, since Bitcoin was first introduced, and now, BTC has a great value,

We don't know when BTC would reach $1M, if this will happen, many who own BTC, will surely be happy, and those who don't, will surely regret it.

Will the small amount of BTC that I have, I can spend it to buy a few parcels of land, where I can plant all fruit bearing trees that I want.

Well be there, it's that we don't know when but the time will come and all of those plans that we've got as we own bitcoin, it will come into reality.

Rebdoomer

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I don't "hope" Bitcoin reaches $1m, I have faith Bitcoin will reach $1m. Faith is stronger than Hope. Hope walks through the fire, Faith leaps over the fire.

romecheo

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Reaching $64K per BTC was unimaginable, it's only eleven years past, since Bitcoin was first introduced, and now, BTC has a great value,

We don't know when BTC would reach $1M, if this will happen, many who own BTC, will surely be happy, and those who don't, will surely regret it.

Will the small amount of BTC that I have, I can spend it to buy a few parcels of land, where I can plant all fruit bearing trees that I want.

Tumanggor

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Quote from: Abiky on January 01, 2021, 02:17:17 PM

~

the first thing I will do when Bitcoin reaches $1 million is sell 20% of my assets and donate it to my country's government as a form of ridicule that they are stupid not seeing the potential of Bitcoin

The digital era encourages all humans to be able to accept cryptocurrencies because refusing crypto is just a waste of time
to hell with Chinese, UK FUD because they are just a stupid country

SacriFries11

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First, i will sell and take my profit. But i will keep 25% of my investment. I will use my profit in building my own house and other important things. I will also have a life insurance with investment for my future. I will have another fund when the bear market comes and i will have the opportunity to buy again at a lower price of bitcoin. I will also help and give to my family and will donate to my community. I will also secure the future of my son.

Abiky

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Quote from: Swordsoffreedom on May 29, 2021, 07:42:56 PM

Nothing! Earlier, I used to deposit as much money as I could from my monthly income, excluding all expenses, in a personal savings account in a bank. But now I don't do that, now I invest my money in Bitcoin after my monthly expenses, I have been saving like this for the last few years. I think it is more profitable to invest in Bitcoin than to deposit in the bank. This deposit may not be of any use to me now but in the future, it may play a huge role in improving my lifestyle. If Bitcoin hits 1 million in the next 5 years, I will not incur any additional expenses from my accumulated holdings, as I have chosen it as a safe haven for investment, everyone should develop the habit of investing in Bitcoin regularly to alleviate poverty.

It's more profitable to hold Bitcoin in the long term than just sell it all at once. $1m per coin is not too far from becoming a reality soon, since Bitcoin is growing at an unprecedented rate. The scarcer it gets, the more valuable it'll become. What you'll do after Bitcoin reaches $1m is beyond me. As long as you put the money to good use, nothing else matters. I'm pretty sure there will be faithful "hodlers" even after BTC touches said milestone. Who knows if the price continues to explode like there's no tomorrow? Just my thoughts Grin

blackened515

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Quote from: nurilham on May 29, 2021, 06:32:18 PM

Quote from: Reosta_ on May 22, 2021, 04:14:03 AM

If Bitcoin price hits $1m in the future, I wouldn't sell all of my investment but would sell most of it.

Why not sell all your Bitcoin? It isn't a bad idea, mate. There should be a correction after Bitcoin price reaches a new ATH, reaching $1 million means BTC has a new ATH in the future. If you want to invest in Bitcoin again, just buy in the correction. Don't be greedy to dream it increases again more than $1 million, it is more than enough, right? I assume you already earn many profits by selling $1 million if it really happens.

If Bitcoin eventually hit $1m, I think selling all your Bitcoin will be good, because you don't know when the price will drop down. We should understand that Bitcoin is an unsable coin. Bitcoin reaching $1m means, you have probably made a huge profit from it. I agree with you, there will definitely be a correction if Bitcoin reaches a new ATH.

secretgirl

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if all of that really happened, surely there would be a lot of happy people here. everyone's target is definitely different, if someone feels they have a lot of money. if all that happened to me, I would still invest some of my money, and some of my wealth I would make to open a business that could create jobs for people who are unemployed. Helping people who really need it is my dream, and maybe everyone's dream too. hopefully all that we hope can come true in the future.

LimLims

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selling is a good move when bitcoin is on the rise, but I will sell a few percent of bitcoin and will stay in bitcoin. because the prediction is that the greater the value of bitcoin, the crypto market will soar and will present something new in crypto. so why stop if in the future we will have something new

That is a good decision according to me.
If possible i will also do the same and will sell some parts of my Bitcoin.
I bought some BTCs when the price was around 22k USD, so if it reaches around 1M USD in the future, then my whole crypto journey will be a success.
I will sell some of the cryptos and will start a fresh business with the profit money.
Will save the rest of the coins to sell at comparatively higher price(maybe around 2M).
Nevertheless let’s see what happens next and when our dreams will be fulfilled.

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