Bitcoin= 1M$ tomorrow. What you will do?

[victoryboy]

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.

[HydroThunder]

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.

[kromtar]

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. 

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.

[gentlemand]

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.

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.

[Biodom]

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

[HydroThunder]

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.

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 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.

[gentlemand]

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.

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.

[centauribit]

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

[crazywack]

Shit my pants....

[farting_shot]

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

[Barnabe]

3 ply toilet paper !!!

[cakir]

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

[doublebit.co.in]

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.

I love your vision.

[AtheistAKASaneBrain]

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.

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.

[gentlemand]

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.

[Miss Fortune]

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".

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

[MasterYii]

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".

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

[dollarneed]

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$?

[SunBin]

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

[BillyBobZorton]

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".

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

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.