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Author Topic: If bitcoin rose to $1M, what you do?  (Read 29471 times)
Hide_ip112
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July 14, 2016, 03:03:33 PM
 #221

If it happen, i will sell all my bitcoins and makes my family and my parents life to be good, no need to work, enjoying life and go to around the world.

hahah, it's possible you can do if you have a bitcoin. If you do not have sufficient bitcoin or more then it will not be able to do. Because sometimes our thinking can be different from reality. For example before the price reached $ 1 m, bitcoin 3 years bitcoin experienced low enough price that is $ 1. At that point will experience frustrating and sell all bitcoin, after which the price goes up times i.e. $ 1 m, then you are getting frustrated and ended up not being able to enjoy it all
elite3000
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July 14, 2016, 03:18:03 PM
 #222

Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
MingLee
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July 14, 2016, 03:23:09 PM
 #223

Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
I have a feeling that most people would follow this idea/course of action; I know I would. It would be truly great to be able to walk away with a relatively large amount of money, and not have to worry about having to work into my 60s and so.

If I ever get the chance, I want to sell and bail. I would personally still be interested with the course of everything, but I would love to not have to post here.
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July 14, 2016, 03:44:30 PM
 #224

Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
yeah i would most probably do the same in order to get enough fiat for a living, hopefully this will happen and it will make me some good money really easily i hope
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July 14, 2016, 03:50:32 PM
 #225

If Bitcoin price really Rose to 1 M$ then  i will sell my all Bitcoin I was holding for a price Rise.....
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July 14, 2016, 03:51:28 PM
 #226

Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
Sell everything and have a decent life, for the first time in the life.


And never come back to forum or hear about Bitcoin again
yeah i would most probably do the same in order to get enough fiat for a living, hopefully this will happen and it will make me some good money really easily i hope

As a user of bitcoin we have to support it but we also need to believe in reality and that value is very rare to achieve, but if it does then it will be a win win for all of us.


 
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mtnsaa
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July 14, 2016, 03:52:14 PM
 #227

An scenario like this would only happen if China declares Bitcoin their official currency or something to that extent haha!

Anyway, I think BTC could settle above 1k around 2020 without any problems, even a 10k bubble could happen in the next decade. As for this, well I would retire of course, I would only leave 10% in BTC/Crypto, perhaps even less. This assumming that $1M have actual value, same as today. I think I would create some sort of small online company/site to keep things interesting and not worry about finances, it should be something I like, even a hobby. So much travel and enjoying life can be dangerous...
btcdevil
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July 14, 2016, 04:07:18 PM
 #228

An scenario like this would only happen if China declares Bitcoin their official currency or something to that extent haha!

I dont agree with you for this as even if china declares bitcoin as official currency the mark of $1m price for btc is not at all achievable.

[/quote]
Anyway, I think BTC could settle above 1k around 2020 without any problems, even a 10k bubble could happen in the next decade. As for this, well I would retire of course, I would only leave 10% in BTC/Crypto, perhaps even less. This assumming that $1M have actual value, same as today. I think I would create some sort of small online company/site to keep things interesting and not worry about finances, it should be something I like, even a hobby. So much travel and enjoying life can be dangerous...
[/quote]

This is possible that $1k price of bitcoin in around 2020 because in this mean time we can see more development for bitcoin and price crossing $1k is easily achievable

OP asking that if price rose to $1m then everyone will become rich, but still i thing that time this value will also be not much different from today price as fiat currency value will become more cheap
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July 14, 2016, 04:23:59 PM
 #229

It may happen sooner than you think, maybe within 10 years, but then ask yourself what you can buy with USD 1m in such a situation. Probably about the same as 1 -2k buys today, maybe 10k if your lucky ;-)

Another important point is that for BTC to flourish it needs liquidity and distribution and to be used as a medium of exchange, so all those saying they will hoard are actually holding yourselves back. 


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July 14, 2016, 04:53:47 PM
 #230

If Bitcoin price really Rose to 1 M$ then  i will sell my all Bitcoin I was holding for a price Rise.....
i think i would definitely not sell any of my bitcoins then because i think bitcoin could rise to even bigger prices allowing us all to make some good money in the near future i hope

 
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July 14, 2016, 06:01:47 PM
 #231

If bitcoin will be $1m in the future or this following year i have lots that i want to do if it will happen i think one of them i will tell all my friends that i am now millionaire and we will have fun drink to the club is the best to do and start building my own business buy own house..

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Mastercon
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July 17, 2016, 11:54:00 AM
 #232

I do not think the bitcoin will be $1 million in the next 10 years. Any way, if it does rise to $1mllion, I will enjoy my retirement.
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July 17, 2016, 12:02:16 PM
 #233

Direct opposite of https://bitcointalk.org/index.php?topic=1438622.0

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).

Its nice to think that bitcoin rose to $1m, we have many plans to our bitcoin that will happen like buying gadgets, buying some cool accesories and others cool item but i think this is just dream that bitcoin will rose to $1m. It is possible if the bitcoin price will double $1200 per bitcoin but $1m is impossible as of now. But theres no impossible.

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July 17, 2016, 12:07:34 PM
 #234

Nothing is impossible really for bitcoin. It has high amount of potential. And when it comes to currencies it is still in it's youth and early stages compared to fiat currencies that have been around for thousands of years. So still has time to grow.  Cheesy
BeetcoinScummer
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July 17, 2016, 12:11:13 PM
 #235

I will start participating in signature campaigns, make a few garbage posts and earn crumbs worth 0.001 BTC a month. That's $10K a month.
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July 17, 2016, 12:15:41 PM
 #236

If the price rise to such a big amount I'll try to sell all my bitcoin that have been saved in my wallet. The possibility for such an increase is really hard and unrealistic.

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July 17, 2016, 12:26:18 PM
 #237

And if it is possible I would sell all my bitcoin, and retire from the cryptocurency world. Then with the bitcoin sales results, I will use to create a business that I think will profit in the future Smiley But just dream i think -_-, because I think in the next 10 years bitcoin prices will not reach $1M. Thanks

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July 17, 2016, 12:33:04 PM
 #238

If the price rise to such a big amount I'll try to sell all my bitcoin that have been saved in my wallet. The possibility for such an increase is really hard and unrealistic.

everyone is saying that they will sell all of their coins, i think with that you all are going to destroy bitcoin, as if everyone will throw their coins to the market the supply will be increased and the demand will be lower down and with that a big crash will occur and with that you will embrace bitcoin with a bigger challenge.
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July 17, 2016, 01:26:19 PM
 #239

And if it is possible I would sell all my bitcoin, and retire from the cryptocurency world. Then with the bitcoin sales results, I will use to create a business that I think will profit in the future Smiley But just dream i think -_-, because I think in the next 10 years bitcoin prices will not reach $1M. Thanks
I surely would sell some of my bitcoins. With some i mean 90% or more. Because being a bitcoin millionaire is good, but a fiat millionaire is better.
Problem is i think i would have sold my bitcoins way earlier, when it reached 10k probably.
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July 17, 2016, 01:42:19 PM
 #240

If the price rise to such a big amount I'll try to sell all my bitcoin that have been saved in my wallet. The possibility for such an increase is really hard and unrealistic.

everyone is saying that they will sell all of their coins, i think with that you all are going to destroy bitcoin, as if everyone will throw their coins to the market the supply will be increased and the demand will be lower down and with that a big crash will occur and with that you will embrace bitcoin with a bigger challenge.
that wouldnt destroy the bitcoins because a lot of people would still use it, i think when the bitcoin would reach such price it would have replaces like one third of all the money we have now

 
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