Topic: What will you do if Bitcoin hits $1m in the future? - page 6. (Read 3468 times)

That's really huge, if ever you comes out here with a good numbers of coins on hold.

$1M is a very decent amount, you can share good amount of money into charity especially now that the pandemic is hurting each sides
of the world, or if you are not in the place where virus are very active, you can simply share it with those less fortunate  from wher you
are in now, imagine how valuable your savings if you start holding now and patiently wait for such amount of value.

Well, i'm nota gonna have the $1m if it gets that high lol. But if i had at least 1 BTC by this time i would probably sell it.

If bitcoin reaches that point i would probably save it and i will build my own house and get a nice car. Still 50% of saving still going to invest in crypto currencies. Some of it maybe save from bank . We trust in bitcoin it will rise upto 2M and reaches its all time high.

 I will swap Bitcoin for stable crypto. Just in case bitcoin will crash again I can able to buy. So, today I will buy 100$ bitcoin target for $1 million per bitcoin. If we just know the future ahead of us, maybe we will buy 1 btc now and hold for the highest bitcoin price ever. More likely, it takes 100 years before the price reach 1m.

Yeah, passive income and bitcoin is the future. But it's funny how quickly we can lose it all

That should be the prayer at this point. Bitcoin price is constantly pumping and we are hopefully expecting a shocking spike any time soon

I am not an economist but I don't think that it will cause a financial crisis just because a lot of people became millionaires. If that point ever comes, I better have a lot of bitcoin that I hodl because that would be pretty devastating for me to be in the bitcoin scene and then I don't get to cash out bitcoin when it hits 1 million USD.

Most likely, when many people become millionaires at once, there will be a financial crisis.

i'm not going to sell it, i have another source of income so i don't want to change my BTC to Fiat.

imo this is just a discussion so i think there is nothing strange about it....btw "hodler is a winner" these are the best words

Couldn't agree more with you, mate. $60k per coin is right around the corner. With due time, Bitcoin will be able to reach $1m. Whatever you do after that, it's entirely up to you. I'd advise anyone to spend his/her money wisely in order to avoid becoming bankrupt in the future. Putting the profits earned from Bitcoin's rise to good use, will ensure you'd have an ever-lasting financial life. Most people are into Bitcoin to make money in the least time possible, instead of believing in its fundamental technology to change our world for the better. This mindset will lead many "hodlers" to sell all of their coins once the pioneer cryptocurrency reaches the aforementioned price range. The smart money will sell a portion of their coins, while leaving the rest for a "rainy day".

Given how fast Bitcoin went from being worth less than $20k last year to nearly $60k a few months later, there's a high probability it'll reach $1m in a decade from now. As a friendly reminder, you can always make money with Bitcoin regardless of its current price in the market. All you have to do is stick to the rule of buying low and selling high for true peace of mind. I'd bet most "holders" made a lot of money when Bitcoin went down to $47k and then went up to nearly $58k at the time of this writing. This shows us that there's no need to wait until Bitcoin hits $1m to make a profit. As long as you diversify your investment into other cryptocurrencies on the market, you'll be financially safe for years to come. Just my opinion

I bet no one will going to disclose their plan on what he would going to do or where he would going to use its money. But at the same it isn't strange feeling that soon bitcoin will going to hit $1m exchange rate even how strong the resistance of market it has today. We have seen the last ATH exchange rate of bitcoin amounting to $66000 but now the market of bitcoin was struggling to hit $60k again. If ever the market will hit $1m i'll definitely going tto save a half of it.

That's very strange question. Why should anyone disclose in public what he is going to do with his money.
One thing I can assure you is I am not going to convert all my holdings to fiat. What is the purpose of supporting crypto if you sell it for fiat.
I hope by then everyone will start accepting btc and I won't need to convert it to fiat to pay my bills and other expenses.

Looking forward and seeing or hoping that Bitcoin will hit $1M, as early as now I will be saving every bitcoin that I can earn then hold so that I will have a big profit. After that I am going to sell some of my bitcoins but of course continue to still earn because I believe that bitcoin price will continue to rise. We have our freedom and we need money continuously so I think there is no reason to stop to become financially stable or rich.

If it hits $1M then there will be a shortage of bitcoins as demand will going to be more than its supply and then it will start declining. So it's an indicator that when the price is at its peak than usual then it will start coming down soon.

I would probably sell some of it and keep some for my future children!

I do think that the best way to earn profits in Bitcoin is by diversifying the coins. I mean that we need to diversify the amount of BTC to sell at a certain rate. And when the BTC has been in a certain time, we may take profits I every price increase. So we will not regret it when the price is suddenly going down. Moreover, if we can take the profits and then buy more for areas to scape and also to explore.

I did not think bitcoin would come to 60 thousand dollars so quickly. While I was thinking like that, bitcoin reached 60 thousand dollars in a very short time. Later, people made predictions such as 100 thousand dollars, 500 thousand dollars, 1 million dollars and it is not difficult to reach these prices even if it seems like distant estimates to me. bitcoin has a very high potential. If it comes to $ 1 million and the amount of bitcoins I have is enough for my retirement plans, I still wouldn't mind withdrawing from this market. If it reaches 1 million dollars, it can reach 5 million dollars. I turn some of it into cash and continue to hold some of it.

Anything can happen to bitcoin because the current price of bitcoin is beyond expectations which can reach more than 60K, and everything will go through a very long process and time.
And if I am still alive and can enjoy the bitcoin price of up to $ 1 million I will fulfill my wishes and my family according to the bitcoin I have, and if that is true I will prepare from now on not to spend it when the price of bitcoin continues to increase, because when the price is bitcoin is on the rise and continues to rise so the temptation to sell must be there because it already has a very large profit.
and a situation like this is difficult to avoid because it is feared that the price of bitcoin will fall again.

If BTC rises to 1 million in the next few years I could afford my family a little more than I can spend today

I still cant believe we are so close to 60k mark. 1 million isnt even a pipe dream anymore. All it takes is a couple of rallies which are bound to happen in the next couple of years. The question is, how much of a bearish impact will there be..if an individual country with high no. of traders try to ban it. Like potentially China and India. There always have been bans from those countries but never an official statement given against it.