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Author Topic: If bitcoin rose to $1M, what you do?  (Read 29471 times)
Noctis Connor
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October 05, 2016, 01:12:42 PM
 #681

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.
Just think about it that you have 1 bitcoin already and the price of that bitcoin is almost $1M dollar and now think what to do with it are you going to buy an house and lot ? or you will going to spend that all with your family and love once and i think like what you say it is impossible that bitcoin will be grose to 1m
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October 05, 2016, 01:28:12 PM
 #682

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.
Just think about it that you have 1 bitcoin already and the price of that bitcoin is almost $1M dollar and now think what to do with it are you going to buy an house and lot ? or you will going to spend that all with your family and love once and i think like what you say it is impossible that bitcoin will be grose to 1m

Yes that is something will never happen with bitcoins, its too high to expect from bitcoin and I doubt that people will prefer to hold their coins that long till it achieves that price.
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October 05, 2016, 08:17:44 PM
 #683

No no one will be that much pessimistic that bitcoin will have $ 1 million price levels only after decades. The surprising fact about bitcoin must be no one will know when bitcoin will boom, in 2013 bitcoin rose from ~$15 to ~$1200. The growth rate must be unimaginable, why not that may happen again.

When big companies start adopting bitcoin payments, the demand for bitcoin might go into huge levels so that bitcoin prices start skyrocketing. In my personal opinion, I am expecting $1M to happen within next halving itself.
Next halving will happen within ~3.5 years, that is very short period of time to have bitcoin hitting  1 million dollars price levels. Bitcoin will be having continuously increasing demand rate but I am doubtful that demands are enough for worth a million dollars. But anything could happen with the bitcoin prices always as per history.
fkvidar
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October 05, 2016, 10:56:52 PM
 #684

No no one will be that much pessimistic that bitcoin will have $ 1 million price levels only after decades. The surprising fact about bitcoin must be no one will know when bitcoin will boom, in 2013 bitcoin rose from ~$15 to ~$1200. The growth rate must be unimaginable, why not that may happen again.

When big companies start adopting bitcoin payments, the demand for bitcoin might go into huge levels so that bitcoin prices start skyrocketing. In my personal opinion, I am expecting $1M to happen within next halving itself.
Next halving will happen within ~3.5 years, that is very short period of time to have bitcoin hitting  1 million dollars price levels. Bitcoin will be having continuously increasing demand rate but I am doubtful that demands are enough for worth a million dollars. But anything could happen with the bitcoin prices always as per history.

Anything is possible but it will not hit the million price in such a short duration, no doubt adoption level will go higher in future but we we cannot expect more then $2k at next halving.
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October 05, 2016, 11:13:22 PM
 #685

If the it happens I'm sure there are many people who directly sell their bitcoin because it would be very beneficial. I was also doing it because I'll get a lot of advantages. But I think bitcoin will not rise as much as it is due to fluctuations in bitcoin does not allow that to happen.
I think before the price reaches $ 1m will be a lot of people selling all bitcoin them, even you see yourself before the price of $ 800 though still visible a small price, a lot happens panic alternately, so I think before the prices up high will definitely happen panic seling and prices will back down
mark coins
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October 05, 2016, 11:19:32 PM
 #686

If the it happens I'm sure there are many people who directly sell their bitcoin because it would be very beneficial. I was also doing it because I'll get a lot of advantages. But I think bitcoin will not rise as much as it is due to fluctuations in bitcoin does not allow that to happen.
I think before the price reaches $ 1m will be a lot of people selling all bitcoin them, even you see yourself before the price of $ 800 though still visible a small price, a lot happens panic alternately, so I think before the prices up high will definitely happen panic seling and prices will back down


Yeah if price will touch to $800 or $1k in coming months then most of the users will prefer to sell their coins without thinking twice in order to grab the profits and if this process continues then bitcoin will never achieve dream value in future.
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October 05, 2016, 11:30:24 PM
 #687

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.
Just think about it that you have 1 bitcoin already and the price of that bitcoin is almost $1M dollar and now think what to do with it are you going to buy an house and lot ? or you will going to spend that all with your family and love once and i think like what you say it is impossible that bitcoin will be grose to 1m

Yes that is something will never happen with bitcoins, its too high to expect from bitcoin and I doubt that people will prefer to hold their coins that long till it achieves that price.

that something its impossible but it could be possible in future, and for 5 years until 10 years, i think its really hard the price reach in $1M, except the fiat is change into bitcoin then maybe it will be possible.

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October 05, 2016, 11:35:43 PM
 #688

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.
Just think about it that you have 1 bitcoin already and the price of that bitcoin is almost $1M dollar and now think what to do with it are you going to buy an house and lot ? or you will going to spend that all with your family and love once and i think like what you say it is impossible that bitcoin will be grose to 1m

Yes that is something will never happen with bitcoins, its too high to expect from bitcoin and I doubt that people will prefer to hold their coins that long till it achieves that price.

that something its impossible but it could be possible in future, and for 5 years until 10 years, i think its really hard the price reach in $1M, except the fiat is change into bitcoin then maybe it will be possible.

That is never possible, and you mean to say that there will be no existence of fiat and only  bitcoins everywhere for spending? That will never happen and fiat will always show its presence even if bitcoin reaches to the moon.
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October 06, 2016, 12:01:57 AM
 #689

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
well most probably you are right, but bitcoins is still a really great currency in my opinion no matter what
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October 06, 2016, 12:08:58 AM
 #690

i will sell all my bitcoin if the price rise to $1M and spent it for buy everything lol
because i dont think the price will up again and maybe will down so i sell it
i dont want miss the chances Wink
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October 06, 2016, 03:45:02 AM
 #691

i will sell all my bitcoin if the price rise to $1M and spent it for buy everything lol
because i dont think the price will up again and maybe will down so i sell it
i dont want miss the chances Wink

All bitcoin holders would do the same thing too for sure  since its once  in a lifetime  opportunity  which bitcoin price would rose  to 1m each which is  very  high and could  possibly make us  millionaires on that time  but still  its too unrealistic to consider to  reach this  high price point.

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October 06, 2016, 07:49:26 AM
 #692

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
Everybody would trade in there Bitcoin because nobody would refuse to sell there Bitcoin for a million. I do not think that it is ever going to happen.
It would take a very long time for the Bitcoin to reach a million.


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stromma44
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October 06, 2016, 09:54:37 AM
 #693

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
Everybody would trade in there Bitcoin because nobody would refuse to sell there Bitcoin for a million. I do not think that it is ever going to happen.
It would take a very long time for the Bitcoin to reach a million.

Yeah and we are also not 100% sure about it that whether we will see that high price ever or not, as its too high to expect and that price doesn't sounds to be realistic one.
abayan
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October 06, 2016, 09:59:58 AM
 #694

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
Everybody would trade in there Bitcoin because nobody would refuse to sell there Bitcoin for a million. I do not think that it is ever going to happen.
It would take a very long time for the Bitcoin to reach a million.

Yeah and we are also not 100% sure about it that whether we will see that high price ever or not, as its too high to expect and that price doesn't sounds to be realistic one.

Agree something it is not really realistic one! You are right. $1M something it is really big really really big that it will be happening soon. If that price will be achieved then i think i am dead on that time because it really takes a lot lot of time! haha Centuries? Decades? we dont know if bitcoin still exist on that time.

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fkvidar
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October 06, 2016, 10:02:30 AM
 #695

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
Everybody would trade in there Bitcoin because nobody would refuse to sell there Bitcoin for a million. I do not think that it is ever going to happen.
It would take a very long time for the Bitcoin to reach a million.

Yeah and we are also not 100% sure about it that whether we will see that high price ever or not, as its too high to expect and that price doesn't sounds to be realistic one.

Agree something it is not really realistic one! You are right. $1M something it is really big really really big that it will be happening soon. If that price will be achieved then i think i am dead on that time because it really takes a lot lot of time! haha Centuries? Decades? we dont know if bitcoin still exist on that time.

Yes its hard to believe that bitcoin can achieve that price in future, and yes may be we won't be alive by then to see that price of bitcoin but if it does it will make its all users millionaires.
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October 06, 2016, 10:34:15 AM
 #696

If bitcoin rose to 1M I would definitely sell all my bitcoin and make sure to invest my fiat in a more stable safe place than bitcoin.
I wouldn't risk that much money in bitcoin ofcourse I would still put a certain amount in bitcoin though.
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October 06, 2016, 10:37:01 AM
 #697

If bitcoin rose to 1M I would definitely sell all my bitcoin and make sure to invest my fiat in a more stable safe place than bitcoin.
I wouldn't risk that much money in bitcoin ofcourse I would still put a certain amount in bitcoin though.
Correct be wise and practical, i think that is like what i do in my bitcoin if that price would rose to 1 million dollar, but this is not going to happen we are only dreaming someday bitcoin price will be much higher than price right now.
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October 06, 2016, 10:38:53 AM
 #698

If bitcoin rose to 1M I would definitely sell all my bitcoin and make sure to invest my fiat in a more stable safe place than bitcoin.
I wouldn't risk that much money in bitcoin ofcourse I would still put a certain amount in bitcoin though.

Yes we can afford to have little amount of bitcoin at that stage even after selling most of them at that price as we never know what will be the price in future so its good to keep some of them for future.
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October 06, 2016, 12:13:51 PM
 #699

That would be a joyful thing to me and would mean the end of poverty to major climes of the world imagine just possessing a ten percent of that and then converting that to FIAT in my local currency, then I am sure and definitely certain I am rich and won't bother to work my ass off any longer. But this is just hope and speculation in which the chance of happening is slim.
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October 06, 2016, 12:19:10 PM
 #700

I do not have many Bitcoin but even I would sell my Bitcoin if the price was at one million because even with halve a Bitcoin you then can become rich.
I think that I would not be the only one everybody would be looking to sell there Bitcoin.
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