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Author Topic: If bitcoin rose to $1M, what you do?  (Read 29391 times)
DuckKeeper
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October 05, 2016, 07:32:23 AM
 #661

If the bitcoin is going up like that i think lots of people will sell all their bitcoins and chill their life everywhere and i think that is also the end of the bitcoin dont think people would buy a bitcoin at 1 milion dollar lol.
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October 05, 2016, 07:33:03 AM
 #662

Then I would sell all of my Bitcoin with in no time because then there is not really a reason for me to keep on using Bitcoin. ]
I have then made enough and have reached my goal so then is the moment I should retire.
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October 05, 2016, 07:35:54 AM
 #663

That would be great if that happens. I think I would my own house and cars that I'm always dreaming of because we all need it in the near future for our own family. I would never sell them instead I will keep on growing it and get more money from it and start to live a wealthy life and help the others that is in need. And I'm gonna donate some money for charities, like the orphanage since those children in their needed it the most.

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p_linz
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October 05, 2016, 07:49:04 AM
 #664

That would be great if that happens. I think I would my own house and cars that I'm always dreaming of because we all need it in the near future for our own family. I would never sell them instead I will keep on growing it and get more money from it and start to live a wealthy life and help the others that is in need. And I'm gonna donate some money for charities, like the orphanage since those children in their needed it the most.
how can you afford those things and also keep the money at the same time? and i guess you have more than just one bitcoin, because you describing quite a lifestyle, an expensive one i might add.
croutonhexagon
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October 05, 2016, 07:54:31 AM
 #665

As a trade it would be great if this happens in reality because I have now 0.1btc and if the price rise to $1 milion then if would become owner of $1 lakh and that's enough for me to survive for 50 years without any girl friend or wife. Anyway I could setup a small business which would be enough to live luxuriously for next 25 years.
newcoins1978
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October 05, 2016, 08:03:56 AM
 #666

If bitcoin rose to 1M then I would still keep all my investment in bitcoin and keep investing and trading cause now I'd have a big capital.
Most important thing would be to pick the right investments and make alot of money from those millions.
Cozynunu
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October 05, 2016, 08:04:42 AM
 #667

If the bitcoin is rising that much i think lots of people want to sell their coins and that means the end of the bitcoin because i know for sure that peopel are not going to buy bitcoins at a price of 1 milion dollar.
p_linz
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October 05, 2016, 08:10:20 AM
 #668

If the bitcoin is rising that much i think lots of people want to sell their coins and that means the end of the bitcoin because i know for sure that peopel are not going to buy bitcoins at a price of 1 milion dollar.
i don't think so. i don't see why they would not want to buy for $1M? also why sell when bitcoin is rising? many or even most bitcoiners didn't sell when the price exploded a couple of months ago. everybody was holding and wondering to which heights it might get.
bitcoin-hunter
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October 05, 2016, 08:23:59 AM
 #669

Not only me but I think that literally everybody would sell there Bitcoin because a million is way to hard to resist but I think that I would not come to that.
I would sell my Bitcoin for a way lower price and would not wait for the one million.
SignificantOtter3
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October 05, 2016, 08:36:37 AM
 #670

If this change happened in a short space of time, there would be a huge influx of millionaires. As a result, I think the purchasing power of fiat currencies would go down. So although there would be far more millionaires, the things you could buy with that amount would be much lower. So I would sell and live in the new middle class Cheesy
Mastsetad
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October 05, 2016, 08:56:40 AM
 #671

If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.
SquallLeonhart
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October 05, 2016, 09:11:00 AM
 #672

If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.

If banks has to disappear then it can disappear even in a single day and people won't be even aware  about it but it will never go down as bitcoin is not that powerful that it can make banks disappear.

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p_linz
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October 05, 2016, 09:16:08 AM
 #673

If bitcoin rose to 1m then I would retire today and sell all my bitcoin and put money in safe investments and spread over banks.
I wouldn't risk staying with bitcoin and losing all it's value cause then I'd hit myself If I lost all those millions because of that.
i can see how people want not live thru that having $1M and loosing it. but what are save investments? and why spread it over banks? if banks go down, then most likely all of them.

How come banks can go down? Having so many accounts of people full of money banks cannot just disappear, that is not something going to happen just in a day, and even if something like that is about to happen then everyone will come to know about it before so that they can do something with their money before that happens.
that is the funny part. if a bank knows it is going down. tehy wont tell you so you can grab your money. they just freeze your account and that is it. you not getting your money back.
that is why bitcoin is such an improvement.
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October 05, 2016, 09:35:24 AM
 #674

Not only me but I think that literally everybody would sell there Bitcoin because a million is way to hard to resist but I think that I would not come to that.
I would sell my Bitcoin for a way lower price and would not wait for the one million.

Majority of users will not prefer to hold their coins that long as no one has that high patience and they will surely start selling them even if they see the price of $1k in coming months.
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October 05, 2016, 10:30:31 AM
 #675

Everybody states how they will sell their coins, but well before the price reaches $1,000,000, there would probably be a large amount of merchants accepting bitcoin due to its popularity. Why sell what you can use directly? Either bitcoin is used worldwide and is the top currency or everything else has inflated to such extremes that bitcoin is the only reasonable option in the event that the price reaches that high.
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October 05, 2016, 10:33:02 AM
 #676

Everybody states how they will sell their coins, but well before the price reaches $1,000,000, there would probably be a large amount of merchants accepting bitcoin due to its popularity. Why sell what you can use directly? Either bitcoin is used worldwide and is the top currency or everything else has inflated to such extremes that bitcoin is the only reasonable option in the event that the price reaches that high.

Even if starts getting accepted everywhere people will prefer to sell them as they also need physical money in their daily lives, and with real money you can invest them anywhere you want.
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October 05, 2016, 10:38:23 AM
 #677

Everybody states how they will sell their coins, but well before the price reaches $1,000,000, there would probably be a large amount of merchants accepting bitcoin due to its popularity. Why sell what you can use directly? Either bitcoin is used worldwide and is the top currency or everything else has inflated to such extremes that bitcoin is the only reasonable option in the event that the price reaches that high.

Even if starts getting accepted everywhere people will prefer to sell them as they also need physical money in their daily lives, and with real money you can invest them anywhere you want.

Yeah indeed it's something that is very true. everyone would prefer to replace the bitcoin it brings into the physical form of money. because it is now only a small part of the offline or online stores accept bitcoin, so it will be very difficult for us to do something with that much amount of money
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October 05, 2016, 11:54:16 AM
 #678

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).
this could be one of the most amazing things that would be happen in bitcoin history if im not mistaken too Tongue because if bitcoin will rose to 1million us dollar per 1 bitcoin then probably those people who had thousands of bitcoin on there wallet will be multi thrillionaire and then can be listed on one of the most rich man in the world.
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October 05, 2016, 01:03:34 PM
 #679

Uhmm i dont know what to do because tbh it never came into my mind that price would rose into $1M in the future. But if ever(even its really impossible) i would buy a lot for my family that i am going to build.
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October 05, 2016, 01:07:21 PM
 #680

Uhmm i dont know what to do because tbh it never came into my mind that price would rose into $1M in the future. But if ever(even its really impossible) i would buy a lot for my family that i am going to build.
We don't know where bitcoin exactly will land in future and what price it would be holding, $1M seems to be impossible to achieve but if it proves us wrong and reaches there then I will prefer to sell all my coins.
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