what will happen if BTC hit 1.000.000$

[WinslowIII]

If BTC hit  mln then huge work will be done for it maybe big adaptation would be done already all big and small companies would accept it so then BTC would be one of the main payment methods of the world about hack maybe a little more but not so much as at that stage most companies would have good technical teams for support and etc. it my opinion.

None of this needs to happen, speculation alone could do it.
Why do so many people think a $1m bitcoin simply has to be supported by a linear rise in both infux of capital and mass adoption? All that needs to happen is for enough people in the world to want it - that's it, nothing more - the scarcity of bitcoin will take care of the rest.

[Adriano2010]

I think if will happen most who hold bitcoin will be happy, but also who don't have will try to get some, and also will appears a lot of scammers and also a lor of hackers trying to steal coins. Regarding altcoins either will value a lot or will go down, i think also them will value way more then now.

[Irviyandi]

The main view we see if bitcoin reaches that price, so many new rich people are in the world of bitcoin and maybe it could be that many of them use bitcoin that is not good for criminals or anything like you mentioned, and hacking is very likely  Because the price of bitcoin is quite high

[wheelz1200]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

At that point you will see governments all in trying to see how they can make their piece of the pie.  You can guarantee to see heavy regulation and a proper tax code that wont be so grey.  You will also see traditional big boy companies making their version of exchanges as well killing off these little exchanges that keep popping up.  You will surely see more scammers here on this forum that's for sure lol.

[Dewi Aries]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

More people complain about exchanger fees that really expensive  maybe 1 thing that will happen if bitcoin reach $1000000. And maybe a lot of people here can be very rich with that and a country couldn't handle it.

[jerry0]

Wouldn't this be a big concern because if it happens... then too many millionaires?


Thus being rich isn't a big thing anymore?  Example say someone has 5 btc.  That would be 5 million dollars... that is rich no matter where you are located.

[WinslowIII]

Wouldn't this be a big concern because if it happens... then too many millionaires?


Thus being rich isn't a big thing anymore?  Example say someone has 5 btc.  That would be 5 million dollars... that is rich no matter where you are located.

It won't be that rich when the usd value is worth far less than today, which is where it's headed. Another thing to consider is at $1m, most small holders would have long since sold, with many shorting expecting a pullback that doesn't happen or many just wrongly thinking all that fiat they just traded their btc for would hold it's value.
It makes sense when you consider the reason bitcoin was created in the first place and compare that to the ever increasing fiat crisis. It makes no sense to those who believe that the current fiat systems and economies will be fine. If all you are interested in is using bitcoins to increase fiat, in other words, you may not end up too happy long term.
Will it do it? I have no idea, but I wouldn't be the least bit surprised - just look at the world debt and all this quantitative easing shenanigans.

[iqlimasyadiqa]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

When the price of bitcoin increases, it will make more people interested in having bitcoin, this will increase the occurrence of crime because every criminal will surely think that they can earn a lot of money. Now when this happens, the security system should be improved and every user must be able to make an appropriate way to keep his account or wallet much better. don't let other people (criminals) be able to take advantage of existing security gaps. use the best wallet and we must have good knowledge about security to be able to maintain the bitcoin we have.

[omonuyak]

Wouldn't this be a big concern because if it happens... then too many millionaires?


Thus being rich isn't a big thing anymore?  Example say someone has 5 btc.  That would be 5 million dollars... that is rich no matter where you are located.

We would all be rich but that do not mean richest will create problems in the society. Bitcoin has that potential to grow to $1,000,000 and it is very clear that we see to it that one day this is going to happen. If you really desire to be among the rich in future then buy bitcoin and makes up your mind to sell when it has reached $1,000,000 and if that happens in the next few years you will be among the rich.

[Shinpako09]

Wouldn't this be a big concern because if it happens... then too many millionaires?


Thus being rich isn't a big thing anymore?  Example say someone has 5 btc.  That would be 5 million dollars... that is rich no matter where you are located.

We would all be rich but that do not mean richest will create problems in the society. Bitcoin has that potential to grow to $1,000,000 and it is very clear that we see to it that one day this is going to happen. If you really desire to be among the rich in future then buy bitcoin and makes up your mind to sell when it has reached $1,000,000 and if that happens in the next few years you will be among the rich.

The question is are you still alive if ever btc reach such price? for sure 10 years isn't enough for waiting. All saying about btc reaching $1M price is just prediction/speculation. There's no concrete evidence that shows it were going to happen in the future. Although, I would love it, it's kinda too high for me and it's not affordable by that time.

[cryptjh]

A million dollar bitcoins will mean that bitcoins have turned into a world-recognized digital gold store of wealth.
This scenario will probably happen in the next twenty years.  But probably most faster.

[beerlover]

That would mean the bitcoin marketcap would reach 18 trillion dollars if I am not wrong. Now, I am not saying its impossible since there is something called inflation and that would result with dollar losing its value every single year so it could happen given enough decades . However, in reality there is no way Bitcoin can become bigger than NYSE stock market as a whole, not just one stock or a group of stocks I mean ALL STOCKS in NYSE so its impossible for now.

However, when the day comes and NYSE total marketcap reaches over 100 trillion then it wouldn't be a shock that bitcoin becomes a million each. It has done x100 before and I am sure it will do it again given enough time.

[dat.ho12492]

A million dollar bitcoins will mean that bitcoins have turned into a world-recognized digital gold store of wealth.
This scenario will probably happen in the next twenty years.  But probably most faster.

Well, when bitcoin reaches that price, it will be a worldwide boom when we can see the number of bitcoin users in the current period, overcrowded and they will definitely be happy with this price but keep that happiness in their dreams because this scenario will not appear, you can wait another 10 years or 20 years, everything is still useless. Come back to reality, buddy, the value of bitcoin will probably increase in the future but it won't be too high, don't dream too much when it can make you miss the best opportunity to sell

[Febo]

if BTC hit 1 million $ in the future what will happen

When price of Bitcoin will hit $1 million, then everyone will hate Bitcoin simply because they will be forced to use it.  If you think people hate Bitcoin now, you should just wait and see.

[WinslowIII]

if BTC hit 1 million $ in the future what will happen

When price of Bitcoin will hit $1 million, then everyone will hate Bitcoin simply because they will be forced to use it.  If you think people hate Bitcoin now, you should just wait and see.

They won't hate it, they will flee crashing fiat to it. All of them. And they will be grateful for the option. Bitcoin will never be forced onto anybody, that's not how it rolls. Nocoiners will continue to hate bitcoin, but bitcoin will always be a choice rather than a requirement.

[jerry0]

Are there ppl that would hold all their btc until 1 million?  I cant imagine that happening.  I mean say it goes up to 50k, im sure ppl who have a few btc would sell right?  Then let say they hold... now its 100k... then 250k... i mean if someone has say 5 btc, i cant imagine them not selling at least a portion of 1 right if it hit the 250k mark?

[WinslowIII]

Are there ppl that would hold all their btc until 1 million?  I cant imagine that happening.  I mean say it goes up to 50k, im sure ppl who have a few btc would sell right?  Then let say they hold... now its 100k... then 250k... i mean if someone has say 5 btc, i cant imagine them not selling at least a portion of 1 right if it hit the 250k mark?

There are all kinds of holders and users of bitcoin, open your mind.

[Carreuh]

If the price of bitcoin breaks through the price of $ 1 million then this will be very happy for those in bitcoin but it seems that this is very unlikely because bitcoin doesn't reach $ 10000, but if the price of bitcoin is as high as that, we will keep the Bitcoin in the safest wallet  hacking what we have

[Ayiranorea]

Even with a price around $8000 it has got more restrictions in its usage. Different governments have got different plans on the usage of bitcoin and very few were truly supportive. If such a big price is reached automatically the entire governments will unite together and make plans of destruction even it isn't disturbing the economy in any ways. Also hardly $100000 is achievable, and $10000000 is really an out of imagination value.

[BLAST2MARS]

hi guys
if BTC hit 1 million $ in the future what will happen
do u think we will see more hack news
More violence and criminalization of bitcoin holders by governments
Any events we will see ?

I bet violence and crime will increase towards bitcoin owners. Just imagine terrorists planning to infiltrate rich people on their private islands is going to be rampant. And I also see families tearing each other part because of greed in bitcoin. But I think the government will find a way to settle this new probles that will arise in the future but I'm sure that I be very happy when I see btc having $1m in that time.m