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

[coynedterm]

What an imagination
If this would  really happen then I would sell all my bitcoin and get a gaming beast from alienware and rest I would give to you for your imagination

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[torrentheaven]

Not possible ever in future for bitcoin to achieve that huge price, dreaming is good but dreams should be realistic, I will be much satisfied even if touches $5k in future.

[gkv9]

If it ever rose to that level, I would straight away sell any coins I will have as I will be getting the best price possible for my savings...
But I know that it will never happen, and so, let's just not think of what is never going to happen...

[mikehersh2]

I would earn as much as i can and sell all that i own.

[madwica]

This will never happen because there are no users wanting to invest if the price of bitcoin was rose to $1 million, that will gives bad luck to bitcoin itself. We need to wish only that bitcoin will go stronger every year do not wish for that amount.

[Sithara007]

Right now, I have around BTC0.03 in my wallets, and I am going to hold them till the price climbs to $100,000 per coin or even $1 million per coin. But  holding is risky, as a lot of people are reporting their online wallets getting hacked and the coins stolen. So the first thing to do if BTC climbs to $1 million is to get a good storage device.

[Lionidas]

What would I do? I think I would do as more anyone here would do. Cash in and buy as many as they can with the anticipation of it to rise in price eventually.
I would sell the car to get enough capital to invest in a nice little nest egg for the future.

[dunfida]

I really doubt whether I will have any coins in my wallet if BTC hits $1 million per coin. I am planning to sell a majority of my holdings when the exchange rates hit $5,000. I will dump most of the remaining coins when BTC hits $10,000. Considering the fact that I am having less than BTC7 in my wallet right now, I don't think that I will be left with too many BTC after my initial sale.

Exactly, no one have that level of patience to hold their coins till it reaches to $1m value, majority of users will start selling their coins when they see 4 digit price.

Lol... infact we are going to see a very big selling spree, if BTC ever cross the $1,000 mark. I suspect at least one million BTC may be dumped by long-term holders. Also, USD 1 million per coin is just unviable. It will mean that BTC will have a market cap of more than $15 trillion, which is ten times that of the most popular fiat currency (the US Dollar).

Definitely,  there would be  a selling spree because   bitcoin holders would think that  a certain high price would be the peak price of bitcoin but i would assume that there would be holders that  no matter how high it is  they wont intend to sell their coins hoping for  more high price. Even in $1k price  for sure many would dump their coins and  again the price of bitcoin  would decrease once again.

[starboyshuvo]

i just need 1k !

[torrentheaven]

I really doubt whether I will have any coins in my wallet if BTC hits $1 million per coin. I am planning to sell a majority of my holdings when the exchange rates hit $5,000. I will dump most of the remaining coins when BTC hits $10,000. Considering the fact that I am having less than BTC7 in my wallet right now, I don't think that I will be left with too many BTC after my initial sale.

Exactly, no one have that level of patience to hold their coins till it reaches to $1m value, majority of users will start selling their coins when they see 4 digit price.

Lol... infact we are going to see a very big selling spree, if BTC ever cross the $1,000 mark. I suspect at least one million BTC may be dumped by long-term holders. Also, USD 1 million per coin is just unviable. It will mean that BTC will have a market cap of more than $15 trillion, which is ten times that of the most popular fiat currency (the US Dollar).

Definitely,  there would be  a selling spree because   bitcoin holders would think that  a certain high price would be the peak price of bitcoin but i would assume that there would be holders that  no matter how high it is  they wont intend to sell their coins hoping for  more high price. Even in $1k price  for sure many would dump their coins and  again the price of bitcoin  would decrease once again.

Yeah people who are looking to make quick profits will never miss the opportunity to sell their coins at $1k price as they know if price falls after that they can again buy it.

[Gaswuwade]

If it rose to that range then I suppose everyone even those using faucets right now and on this forum would be millionaires, Would probably be fun to see a forum of millionaires only. I would sell around 1 or 2 BTC to buy myself a mansion and hold the rest .

[greBit]

If it rose to that range then I suppose everyone even those using faucets right now and on this forum would be millionaires, Would probably be fun to see a forum of millionaires only. I would sell around 1 or 2 BTC to buy myself a mansion and hold the rest .

If you see price of $1m then also you will prefer to hold your coins? So you expect that it can go even higher then $1m? Well it would be worst to hold coins at this stage, I will prefer to sell all my coins and say bye bye to bitcoins.

[CroSany]

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...

[torrentheaven]

I don't think that price is ever possible to achieve as its something to expect out of the box, bitcoin don't have that higher ability to touch that price, maximum it can reach to $10k not more then that.

[Babayega31]

I don't think that price is ever possible to achieve as its something to expect out of the box, bitcoin don't have that higher ability to touch that price, maximum it can reach to $10k not more then that.

Yeah its impossible to achieve that price and i'm not expecting too that 10k$ reach because the bitcoin can be goes down or goes up. But i think its goes until 3k$ only nothing can say when it happen maybe after 3-5 years before that happen. So i do earn bitcoin and wait the price hit in a higher price.

[Corenin]

I don't think that price is ever possible to achieve as its something to expect out of the box, bitcoin don't have that higher ability to touch that price, maximum it can reach to $10k not more then that.

Yeah its impossible to achieve that price and i'm not expecting too that 10k$ reach because the bitcoin can be goes down or goes up. But i think its goes until 3k$ only nothing can say when it happen maybe after 3-5 years before that happen. So i do earn bitcoin and wait the price hit in a higher price.

Yes and we also need to be realistic when it comes to expecting the future price of bitcoin and I think in next 2 to 3 years price will be around $1500 to $2k level.

[pocarime32]

I don't think that price is ever possible to achieve as its something to expect out of the box, bitcoin don't have that higher ability to touch that price, maximum it can reach to $10k not more then that.

Yeah its impossible to achieve that price and i'm not expecting too that 10k$ reach because the bitcoin can be goes down or goes up. But i think its goes until 3k$ only nothing can say when it happen maybe after 3-5 years before that happen. So i do earn bitcoin and wait the price hit in a higher price.

Yes and we also need to be realistic when it comes to expecting the future price of bitcoin and I think in next 2 to 3 years price will be around $1500 to $2k level.

I'm not sure about that. $1500-$2000 is really high price for bitcoin, i don't think it happen for the next 2-3 years. Even $1000 i already happy if that happen.

[Shibashi Dogemoto]

I don't think that price is ever possible to achieve as its something to expect out of the box, bitcoin don't have that higher ability to touch that price, maximum it can reach to $10k not more then that.

Yeah its impossible to achieve that price and i'm not expecting too that 10k$ reach because the bitcoin can be goes down or goes up. But i think its goes until 3k$ only nothing can say when it happen maybe after 3-5 years before that happen. So i do earn bitcoin and wait the price hit in a higher price.

Yes and we also need to be realistic when it comes to expecting the future price of bitcoin and I think in next 2 to 3 years price will be around $1500 to $2k level.

I'm not sure about that. $1500-$2000 is really high price for bitcoin, i don't think it happen for the next 2-3 years. Even $1000 i already happy if that happen.

$1k can be achieve in next few years, but again no knows whether it will happen and if yes then when exactly it will touch that price, so its difficult to predict anything about bitcoin.

[Danielzo]

I'd sell most of my bitcoin, retire and live the rest of my days in a citadel. Who remembers that Reddit story? (wink wink)

[BADecker]

I'd get back to farming, because if Bitcoin went to $1M, the whole economy would have crashed, and you wouldn't be able to buy or sell anything. At least farming might produce some food for myself and a few of my neighbors.