what will happen if BTC hit 1.000.000$

[MUG1WARA]

this sounds really funny
but if indeed bitcoin reaches a price of $ 1000 000 in the future, maybe there will be many people who are crazy because those who never hold money suddenly become rich and maybe there will be a lot of hacking or killing people who have bitcoin (robbers will take hostages and ask for passwords)
but maybe also each country will increase security and request tax from bitcoin owners

[Netnox]

Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.

Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !

Hackers will find more ways to hack, only if they exist. You need to remember that 99% of the hacking incidents occur because of the carelessness of the user. All you need to do is to adhere to a few basic safety precautions. In case you are using an online wallet such as Blockchain.info, then you need to enable 2FA and email authentication. These simple steps will make your wallet out of reach for the hackers. Another option is to purchase a hardware wallet. They are not very expensive, IMO.

[Landak]

if that really happens
i guess paper money (fiat) will not be valid or not useful anymore, many wealthy people appear. the price of goods is getting more expensive, just imagine a crypto (bitcoin) worth 1 million dollars. that is crazy lol.

[MMS2017]

If bitcoin hit the 1 million target then this will affect bitcoin positively and we know that Crypto has a good future so now it is the best time to invest in these currencies and make the bright future, Crypto currencies are very useful and it is the way we can hire the expert services through online market and big casino are operating and they use crypto.

[uray]

if that really happens
i guess paper money (fiat) will not be valid or not useful anymore, many wealthy people appear. the price of goods is getting more expensive, just imagine a crypto (bitcoin) worth 1 million dollars. that is crazy lol.

May i ask how you came to a conclusion like this, if the price of bitcoin touches those valuation how come paper money will loose its valuation, i would like to hear your theory regarding that  . Do you really think that the general expense will increase if the price of bitcoin increases, what kind of commerce analogy is that dude  . If people invest when the price was right, then they could make some money and nothing else. The world will move on as normal.

[pushups44]

Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.

Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !

I disagree. The Binance hack had a negligible affect on the price of bitcoin. The industry has matured enough so that hacks generally are already baked into the price. Ultimately, the price of bitcoin is driven by supply and demand, and the supply is getting scarcer and scarcer.

[Christofer2000]

I think it's impossible for Bitcoin to get that value
On the other hand, nobody was expecting anyone, so who knows ...
If this happens, all of us will become millionaires
and hacking attacks will come to that

[Krislaw]

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

I guess bitcoin become regular payment on europe and america when hit 1 Million USD/1 BTC, so many people use bitcoin for payment and exchange fiat into bitcoin on exchange market. Rules has made for country when adopting and implement bitcoin, then institution was invest bitcoin as main future technology.

[DmitFomin]

Hacker will find more way to hack so it's impossible for BTC to hit such high amount because when there is hacking incident, people's trust also decrease from time to time.
Of course time will tell the truth because no body can expect bitcoin from $ 0.05 /btc in 2009 become around $ 8000 , today !

I disagree. The Binance hack had a negligible affect on the price of bitcoin. The industry has matured enough so that hacks generally are already baked into the price. Ultimately, the price of bitcoin is driven by supply and demand, and the supply is getting scarcer and scarcer.

I agree, Binance hacking doesn’t have a big impact on the price of Bitcoin. In the future, it is possible that the price will rise to $1 million, but when this happens, no one knows. But the fact that Bitcoin expands the scope of its use and its price grows is a fact.

[boyptc]

Why people are attached to that idea that whenever bitcoin pumps, more negative things will happen? because of those activities that will ride the popularity and trend of it?

Hackers have been penetrating whomever they want so expect it and on our part, we just have to keep ourselves safe from them.

[Vishnu.Reang]

It will be very interesting to see the reaction from the governments in case something like that happens. $20 trillion will be locked up in a decentralized asset, over which the central banks have no control. And even worse, the government can't even effectively extract the taxes, due to the advantage of added anonymity of the cryptocurrency.

[Noojna]

Why people are attached to that idea that whenever bitcoin pumps, more negative things will happen? because of those activities that will ride the popularity and trend of it?

Hackers have been penetrating whomever they want so expect it and on our part, we just have to keep ourselves safe from them.

Yes, I agree with you totally. I think BTC already gets all the hacker attention it can get; a higher price won't change anything.

[normanz]

More impressed is not possible at the price of $ 1,000,000, and I think it will be wishful thinking, and even though it really happens then holding bitcoin will be very risky because bitcoin will fall free.

[Flyingduck2K]

i think that we won't see that happen in the next years. more like, 10-15 yrs or more.
by that time inflation probably will let it look like a few k's.

[tukagero]

If btc hit 1,000,000$ there will be a huge numbers of millionaires, hacking will the major problem by online wallets and exchanges. But that price is only a dream and will never happen.

[bigvito19]

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 ?

Maybe $100,000 is the most, do you know how much money needs to be in crytpo for it to be $1 million?

[LUCKMCFLY]

I think they will have a way to new Exchanges, because there will be many investors who want to buy Bitcoin, and regarding the issue of Hacking all Exchanges must have security plans and this translates into fees for more expensive transactions, because the Exchange will guarantee security, without To count that the transactions for the entrance and exit of money of the Exchange will be more expensive.

In addition there will be a large increase in altcoins, which, for all altcoins must increase their securities, because if bitcoin reaches those prices the altcoins will give very high jumps around 3x, 5x, 10x ... I think security should be This is a primordial issue for everything, because the efforts to obtain coins will be greater every day.

[LimLims]

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 ?

If that sick thing Gonna happen in the future, then i am sure, a lot of things will change.
First of all the holders, i mean the ones holding Bitcoins will be more rich.
The tx fees will ofc increase.
There will be a lot many marketplace regarding to Bitcoins will open.
And lastly a new Digital world will take place.

[WinslowIII]

Most people holding bitcoin today would have long since sold before it hits $1m, thats my guess. That probably includes every person who has spoken in this thread. 

[Gabteb]

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.