Bitcoin Forum

Your reaction?

That's mine:

1- Keep all copies of wallet continues on their own secure places.
2- Go to my bank and tell them I got more than 1 BTC and I want a new house at 50% of their value and a car for free of their stock (in my country there are a lot of them, people don't pay their credits  ::)) for the transaction. If they're not agree, there are a lot of banks they will recieve me most greatefull...
3- Go to the same mall of ever with my only friend who got BTC to play bowling, drink Burn and play PumpItUp all night...
4- Tell him: 'Dude, we are millionaires... And that's all for you. Thank you".

I guess i would try to convert a small amount into cash. Enough to live 1-2 years.

With the rest i would gamble with 10% of it. I would also give some to my family.

I would buy the Sacramento Kings.

My own place. That's all I've ever dreamt of.  100k would do me.  :'(

Sure you got a lot! Hope some day have 1% of how you collect  ;D

i would vacation around the world with my family and my best friend, i will buy what i want. how can you have dream bitcoin price will reach 1M$ :D

That's speculation is too far-fetched but if that happens i'll buy an island, build a mansion ala Playboy mansion, a yacht and a chopper.

Retire fully.
Buy a G650.
Build a car collection with 100 cars.
Own about 10 luxury properties.
Give 1M USD to each member in my family. (mom,dad, aunts, uncles, grand parents, nieces, nephews, brothers, sisters.
Donate 100M USD to charity.

And then enjoy my properties, private jet, cars and spend time with the family travelling all over the world.

Replace my 1.4 litre diesel with a 2.0 litre one.

Firstly, i'll convert 3/4 of my bitcoin to fiat and will buy some acers of land, a scorpio car, and some other things ;D rest of those moneys will give to my sibling and my parents. :)

Traveling, spending time with my family, going hurricane hunting, master a skill (I'd like to be really good at billiard), surfing, investing, going to see the next live of a new group I love discovered on Youtube, just like that because it's awesome :D.

You can do all of that to a modest extent on a regular budget. We want to hear about Mars bases and hovering prostitutes.

i would cash out 50 to 75% and leave the rest in my cold wallets in a secure place as some sort of retirement bonus. just a dream  :D

You won't need to convert by then and this will never be an overnight transition which I'm sure everyone knows at this point in the low 2 huns. That said, I'll tell my bosses and customers (some of them), that piss me off, to go fuck themselves and then buy the best bottle of cognac and take it to the face while contemplating my next move in a drunken fashion - and maybe source out a jib (joint) just for the hell of it. Is this a wish upon a star moment? It's like the lottery question that probably won't happen...until 10k and the hun-k is heard loud and clear.

Convert my v6 toyota 4runner to a v8 4x4

then I would build a 5 star hotel, giving 25% profit to charity each year

The hotel would have 3 restaurants I would lease out, and the hotel would be located on the beach.

even if 1 btc I 1 million usd, You would need to have like 2000 btc right now. I assume You have ? :)

I would immediately empty my cold storage and sell all at market because it wouldn't be sustainable and it would surely correct the massively overbought condition. I would then buy back my whole holding amount in the $xxx (yep, that's triple digits) range and keep the other Billion or so Dollars. But that's just me and likely everyone else with a pulse. Don't lie to yourselves... You'd all do the same.

buy more bitcoin before my dollars are completely valueless 

If Bitcoins reaches 1M$ I'm pretty sure something very wrong would've happened to the fiat world and I'm not certain there'd be any incentive to hold anything but BTC.

If it happened tomorrow, it would have nothing to do with current financial problems. There aren't guys with piles of cash on exchanges, today, just waiting for the fiat system to collapse so they can market buy to $1M.
Plus, Gov's around the world aren't going to just let go of power so easily. Capital controls will be in effect long before the end of fiat, and at that point, money will slow to a dribble into Bitcoin or any other crypto for that matter.

Ya sorry I didn't notice "tomorrow".

https://www.youtube.com/watch?v=ekib1Ay1dDY

how to sell my bitcoin in "tomorrow time "
i want to sell my 0.5BTC

I can't because I'm working full time and don't have much holidays.
I could do that if I go freelance maybe but I live in Japan and it's difficult to get a visa while freelancing.
You need enough savings which I don't have (overall 10k$ only).
Regular budget yes. But I'm yet to have at least 1000$/month in income outside my job.

You all do realize that you alse need to generate income to support all the stuff you bought?

What happens when mister tax comes by every year to take some money for the value of you home and money? What happens to the maintenance of all your cars, choppers and giant mansions?

First thing would be to invest into some stuff that will generate at least 5% return a year on your total net worth. You can buy some nice stuff, but the rest you need to generate income to support your lifestyle...

buy as much as possible in this day and sell all my bitcoin tomorrow, if true tomorrow will be a $ 1m  ;D ;D ;D

i doubt that bitcoin would fall to triple digit, if we can reach 1M value, assuming 1M is feasible i guess that the new bottom would be something near it, because the price would have been very stable long before that happen, because, again, for huge adoption

i'm assuming that huge adoption will happen tomorrow too, to make this whole story more legit, no individual can bring bitcoin to 1M per coin, without the help of the majority

personally i would sell 1 btc and keep the rest

what will i do if bitcoin=1million dollars?
ofcourse. i will help my family first.
convert some of it to cash. and
i will do my best to help other people too for
their life. ofcourse one thing is i will  build up a
bussiness that will give jobs to people.. :P

It's fairly easy to put it in a low-risk/low interest account. Or even buy some nice houses and rent it.
The more money you have, the easier it is to make even more.
I know a bitcoiner in Japan who's living like this "Well, I just collect the interests and live without working". He told me he earn like ~35 000$/year (if I remember well) which is enough to live well.

well guys this its not even good for speculation i mean BTC at 500$ i could belive but not even 1000$ i belive for next 6 years soo guys stop this peculation soo nasty and not even with good imagination conected to reality

Quit work, buy a house in a few countries.  Make sure I have my family covered and a few other people and pretty much sit back and enjoy life.

After initially passing out or being sick looking at the price I'd probably have a 3 day cocaine & hookers bender in Vegas. I'd then maybe go on a 2 week Caribbean Cruise & think about how I would spend my millions.

I'm not a whale but at 1 million USD per bitcoin I'd never have to work again & in my world I'd be a very rich man.  



This is the best answer I've seen to the question in the OP ;D Very clever ^^^^

I'll tell myself to wake up. if it's too good to be true, then it probably is.
if it's not a dream, what I'll do depends on the value of dollar at that time.  :P

I would realize some dreams f.e. book a sub-orbital spaceflight.

Give some btc to all people I love. Build up my own company.

But I plan doing all this even if btc never reaches 1m ;)

I'd be living the good life. I would have the best designer clothes, the best car, the best house and go on the most exotic and amazing holidays. Basically my life would be utterly materialistic and that would be the way I would like it. ;D

Buy more with that price? Does it mean you have a couple million USD lying around? :D

I'd cah most of it out and buy land and houses. Oh, and a helicopter! I always wanted to learn to fly those.

Most of the answers in here show me that a lot of you people aren't prepared for wealth.. you'd be poor again just as fast.
Sorry to rain on the parade and all that...

It'll be fun while it lasts. And there'll probably be a few hookers left over to sell so they can buy a pitch in a modest trailer park.

If Bitcoin will reach $1M tomorrow , I'll immediately cash it out , pay all my debts with bonus interest then buy a house & lot and live happy like never before ;D

$999,760.25 profit per coin is fairly decent isn't it?

Well, I for one was hoping for more. It's kinda OK I guess.

Hmm someone seems to get greedy. :D :D
$1 million per coin seems to good to be true. However if it would be reality that would open so many possibilities. I guess I would go for a piece of land with a nice home on it.Owning my own property had always been my dream.

use a wheelbarrow to carry my $10,000 to the store to buy my loaf of bread. Only way it happens is USD Hyperinflation.

hold! it might be $2M tomorrow

j/k

2 chicks at the same time.

I think the more important question would be:

If 1 btc = $1 tomorrow, what would you do?  Forget about btc and cash out at a huge loss?  To be honest hitting $1 seems like a more possible scenario.  I mean, if you didnt think btc was going "to the moon", would you use it at all?

I will sell 95% haha

Going by the polls and mentions on threads, most here have way less than one coin and very few have more than fifty. They may as well smoke their paper wallets instead of attempting to cash out.

I use BTC as often as I can and would continue to do so even if it was (more) stagnant.

i wouldnt do anything as i dont have any bitcoins though most probably i would buy bitcoins

Well maybe overnight, but bitcoin could be worth a huge amount is say you could spend it everywhere you could use creditcards or paypal etc. Not sure that'll ever come but I'm hopefully for at least some sort of semi mainstream adoption.

we have a buyer at 1M/coin...nice

please post scenarios on how bitcoin can reach 1M from $240 in 24 hr (either from today to tomorrow or from any single day to the next day).
It should be a fun exercise.

My entry:
Aliens land on Earth, appear peaceful yet very advanced and declare that anyone can buy a procedure that gives you immortality, but there is a catch-you can only pay in one bitcoin and nothing else. Aliens post a very credible youtube video that explains it all. Video is watched by ~2-3 bil people in the first 24hr and bitcoin reaches $1M shortly thereafter.

Your entry?

What good would Bitcoin be on another planet? The blockchain is locked in our internet.

it's funny that the rest of the supposition is OK....it's a game to see how bitcoin could become worth 1M in 24hr.
Explanation: aliens want to promote social development on Earth, acquire a substantial % of the local economy and they want to have the local universal currency that they favor since it could be linked easier to their computers. It's not for them to use it on other planets.

The cash out guys, are you aware that you would need to pay ridiculous amounts of taxes if you made millions out of nowhere? I haven't looked it up and I don't really wanna know, but I expect insane taxes on capital gains so you would need a couple Bitcoins to make 1 million dollars and in the future, 1 million dollars will buy you less than it does now too.

I would behave to outside world like nothing happened, I believe it's the smartest thing you can do today.
As far as my funds go, I would sell it all on various exchanges and transferred to different account, and then take one year vacation to some tropical island.
By previous experience, by the time I would come back, I would probably be able to rebuy 70% cheaper and be a holder once again :)

Haha probably cash out most of it

and I'd just start my early retirement :)

I don't know why people are so enamored with retirement.
To me typical retirement=nothing much to do, you get bored and get early Alzheimer's from not exercising your brain much, plus your wife/gf is bored of seeing you around 24/7. People, especially men, seem to deteriorate pretty quickly once they move from work (active lifestyle) to retirement (not working).
If course, there are exceptions where you basically switch careers in retirement, but i wouldn't even call that true retirement.
Women seem to handle retirement better than men in any case.

in that case, I'll buy bunch of stuff without cashing it out.
I'll even pay triple.

ohhhh.. the imagination.  ;D

I think retirement in many minds here = doing what you actually want to do. I guess that'll stimulate your brain more than pressing buttons in a factory.

First, you will receive the questionnaire from financial regulators, you must provide the evidence of where did you get your bitcoins

Second, tax offices will remove 30% of that value if you ever want to cash out your coin to fiat money, so called capital gain. It even applies when you directly purchase assets with bitcoin: 30% of the value gain of bitcoin goes to tax office

Third, if many people is trying to cash out bitcoins to that large amount of fiat money, exchange must have that amount of cash, which they typically don't have. So as soon as large amount of cash out happens, it dropped back to $200

So, unless the finance infrastructure for bitcoin is fully mature around the world, a bitcoin worth $1M does not make any sense, because you are still heavily restricted by today's legacy financial and political structure

That

To me, lying down doing nothing isn't retirement

From the British Medical Jornal via webmd
http://www.webmd.com/healthy-aging/news/20051020/early-retirement-early-death
and:
http://www.medicaldaily.com/planning-retiring-early-consider-these-5-health-risks-first-247669

I'll go for early retirement. Get myself a property away from the city with a nice garden and landscaping. Oh yeah with a gigantic pool. Also will travel around the world

I will buy a lot of Bitcoin. :D

(It is on the way to $1T)

if 1 btc price will become 1m usdollars tomorrow, i will cry and regret selling my btc yesterday , i don't have bitcoins left so it will be just a normal day for me :D

You got a lot of BTC's in your stash OgNasty. :)

I'd probably buy a new Ferrari, make real estate investments, starting my own clothing brand and be a partner of a Vodka or Wine company.

Bitcoin 1 M$ never happen ........ bitcoin introduced block chains to us not future money .... at future banks and financial offices will work on block chain for release another form of money ...... every begging has a end ... Bitcoin will end at 2030 forever .....

I would cash out and turn into a hermit for a well for some introspection at the family cabin. Its just a little Aframe nothing fancy but the location is on a lake away from people. After that find somewhere warm and a bottle of scotch.

If bitcoin will hit $1M tomorrow then my dream will come true, to be a millionaire and I'm gonna buy all the things I never had ;D
Killjoy.

If it would happen by tomorrow i will buy my own Private Jet and will shift to my own private Island with my girl friend ;D
i will gift 10M USD to my friends and relatives if this would happen by tomorrow. ;)

$1 million is completely possible. But the problem is most of them would be selling it when the price goes even one tenth as much.. (before jumping back, of course) ;)

i would keep my bitcoins as i would expect the price to go even more up i think i will never sell my bitcoins unless they will be accepted as a global currency

If this happens I will take early retirement and enjoy the rest of life by exploring and visiting the world.I will have more than enough money to stay just with interest and income from different investments which I will do.I will donate 25% of my wealth to needy people to share with them also.

I would sell all my BTC and invest in real estate and hotels industry as well as in It.I will become one of the business tycoons in my country.A luxurious mansion and few cars will be ahead.

I have only 1 BTC and I will really hold it till it reaches to 1 million $.I will start some decent business and make new house because this not much money for what I want to do.Anyway this is nice amount if this happens.

As you can see, more of us will change it...

It's true there are a lot of users we don't got 'large amounts' than others who can become millionaires with a small amount of his total stack of BTC, but we believe in that hope, and if that day arrives it will make the real difference to us, without a retirement but with something to began a quite better new life with new projects to come.

I dind't put a cent in BTC, but if it makes me millionaire I don't care how BTC project continues, that's the true... and that's because I'll use my money to my own projects (with payments in BTC, that's for course  ;D) and some years of my life will be sure in economic way, but not forever, and I should work in something new & different, as allways I've done; that's why I will change my BTC to cash.

Investment properties and travel. An island would be cool as well :P

I would wake up from my dream  ;D lol

Assuming that it's risen against other major currencies as well...

...then I'd assume that it would shortly fall back. I'd (a) sell calls with an expiry a few months ahead, and (b) buy short-term puts. I'd also start considering where I could free-up fiat, to buy BTC when it falls back.

I'm useless with timing BTC sales/purchases, and don't have easy fiat access to an exchange (banks in the UK are pretty hostile to bitcoin) so I doubt I'd have a chance to sell any BTC before it hit USD 1MM. I'm also wary of the tax hit I'd take - I'm not really planning on converting BTC to fiat until I can do it in as tax-efficient way as possible, and that's not a problem I need to face right now. Once it happens, though, yes, I'll buy a boat, an island and live a life of luxury!

repay my mother

If it reaches to 1 Million $ tomorrow I will cash out and will be millionaire for sure.I will start shipping company to offer services for trading purposes.I will not wait to convert all my wealth into fiat money and I am waiting for that day.

Let's say Bitcoin does go to Moon-illion overnight, what would the ratio of BTC to LTC or PPC? If I invested $100 at prices right now, would my 300~ PPC or 35~LTC  make more than my .44 BTC? These are all roughly about how many coins I could get.

It would be interesting to see, I'm guessing that the other coins could very possibly be pumped to make almost similar profits. This slightly occurred during the 1k market,  but I'm not sure it would work this same scale.

I know it's my first post,  but I'm trying to think outside the box.

If bitcoin hit 1M maybe that means fiat become toilet paper and we can't even buy a shit car with that 1M, who know anything can happen.  :D

Well i will be ok just giving some to my family and charity, to pay some debt sadly, and buy a house far from city with fertile soil to farm.

That's a very interesting question. A $1 mil coin at similarish buying power to now would mean that it had effectively conquered the whole world. The speculation phase would be long, long gone.

Most of Bitcoin is still speculation, LTC and friends is in a similar but even more intense boat. I'm sure they'd rise massively as many people are so fucking dim they think it's 'cheaper' to buy but they'd eventually be exposed as totally useless and turn to dust as BTC sailed away into the future.

It would be the greatest pump and dump in human history. If you could time it you'd make even more money.

i like bitcoin, but $1M in the foreseeable future stretches the credulity.
Why would big money holders switch to bitcoin?
They are quite cozy as it is; they know the rules of the game well and their assets prices were appreciating relatively steadily.
The Wall Street rush, predicted by Mr Silbert, never materialized.
I think that slow, but productive software development is the future of Bitcoin.
Maybe Bitcoin 3.1 will have a chance, but not Bitcoin 0.9

I don't want to derail the topic, but what about the potential upcoming bubble? I feel like many people will go with the notion that the coins are "cheaper" but still reputable enough to invest in. I'm not advocating for any one coin, but if prices were semi-stable, PPC for instance would give you 1% of your coins back per year. Those sort of things in addition to people pumping smaller coins ("I can't afford whole bitcoin so I'm going to invest in x or y instead" logic) might push me towards alt coins.

It would be interesting if someone had the ratios of BTC to alt coins during ATHs. Regardless of the perceptions on longevity or utility on alt coins, I would think the one with the most buying power would be best.

This is all going past what OP was asking though; it it was convenient for me to use purely bitcoin I would use it for most transactions. I wouldn't be a millionaire for long if I bought tons of nice cars and houses, as much as I would want to. I would most likely take the money out, because of the massive overnight volatility, and invest it in a "safer" outlet. I would be dismayed to be damaged financially by another huge crash.

People think 2013 was the year of Bitcoin. It was of course but you would've made a lot more money if you'd parked a similar initial outlay in LTC.

Same for plenty of other alts too but there aren't many others that you could actually pull all your funds out of without wiping out the market. The rises are larger and the falls are more brutal.

Effectively Bitcoin is in the exact same boat as all the other coins with a little bit of utility tinsel at the moment. If we take the $1 mil scenario then it's become a completely different deal. No other coin could be anywhere near in terms of market cap. Alts would have enormous rises on the way up and then plummet.

As ever in alt world you can make more money if you know when to enter and when to exit. It's the timing that makes or breaks you.

those comments always make me keep my Bitcoins in my wallet instead of using them :D . If bitcoin becomes as big as USD, then 1 btc would be $1million

Shit my pants....

Bitcoin will never get to 1M$. Too many scammers and manipulators. There's much higher chance it will get to 0$.

3 ply toilet paper !!!

Will sell some bitcoins and buy litecoins like hell. (Will pump & dump it of course ;D)
(maybe dogecoins too)

I love your vision.

Dumping 100% of an asset is always a stupid idea specially with Bitcoin.
Do you trust the dollar and the goverment that much? Its your choice but if I would keep some on gold and Bitcoin. Going 100% on dollar is simply insane to me.

Depends on whether you spend it all on other assets, especially ones that generate income.

A $1 million coin would mean that there was something ever so slightly wrong with the dollar so it would probably be the last thing people lusted after.

Keep it maybe on the next day it will become 2M$, and next 3M$, so better keep it.

Wow Im going to buy more today and sell them tomorrow, thats what Im going to do 1M$ is a pretty big money.

firstly i would imidiatelly sell all of my bitcoin after that, i would buy :

Hotel and restaurant
Car an new house for my familly
and build my own business
but the question is when 1 bitcoin equals 1M$?

Buy a new house, car and a few slave girls.

Too much risk, you want to sell some once it reaches 1 million dollars. Not all, because as you said, once the price goes nuts, there's no limit, but you want to sell some and get a couple millions on fiat, just in case.
Of course im assuming by then the goverment fiat hasn't devalued to hell.

Than i am gonna more richer and my all dreams will come true and i will be on world tour with my girl ;D buy BMW i8 for me and new house and a lot more to donate charities more $2 Millions...  ;D ;D ;D

I would buy a few large houses and pay off my parents' debts. I would also travel the world and maybe buy some real estate abroad.

if we look at all of the global markets together and see just how huge our current monetary system is then is $1million per Bitcoin feasible? I think yes

De-anonymise the members of this forum, then go after them with axes, chainsaw belts and ether rags...

(I'd fear someone probably would do.)

I will go hang myself since I would've sold all when it hit $10,000.

- Build a suborbital hotel
- build the first fusion reactor
- build a space elevator

I will be happy.  ;D ;D ;D ;D

I would f#%* all the money loving hoes but would not spent a cent on them and kick them out of my villa after I finished 8) cause they don't deserve any better...