What will you do if Bitcoin hits $1m in the future?

[AsiaHODL]

Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.

If BTC hit $1M then it is obvious that the price will go higher, will hold some amount of BTC and cash out few for offline investment i.e. buying the house etc.

It that was the case it would be very foolish to "cash-out". Rather, the logical way to "buy the house" would be to retain the BTC but mortgage it as a security and then use the fiat cash received to buy the house.

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[iTradeChips]

If ever I got a million dollars worth of Bitcoin, what I am going to do with that is I am going to cash it out and I will buy a house of my own and a car of my own. That's it. Wait for the correction and then during the dip, buy more bitcoins and other strong alts. Same story wait and then cash out again. I mean many people became so rich because of cryptocurrency, many others are hoping that it would be their time to be financially stable once that happens.

[AsiaHODL]

I don't mean to crush the dreams of crypto enthusiasts, but I'm not sure bitcoin reaching $1m is possible, my reason is because the crypto space is filled with thousands of altcoins and some of them have billions of dollars invested in them, bitcoin would easily reach $1m if all the money in altcoins right now are all concentrated on bitcoin alone, however fingers crossed for now, if bitcoin eventually gets to $1m we'll I won't be bother much cause I don't have much bitcoin in my wallet.

Alt will come and go. Almost all are scams or imitators, not decentralized, and with nowhere near the security and infrastructure of BTC. Various alts will come and go, pump and dump etc as BTC's slow but sure momentum continues. Think of BTC as the planet, and then various life-forms coming and going over time, growing on BTC's market cap at the core. We all love to bet on alts, but every cycle the lesson is learned again, and BTC continues to thrive and grow...

[keithers]

1 Bitcoin already  hit $20,000,000…. In Zimbabwe dollars.

[Alucard1]

The question is, can you hold bitcoin until it reaches 1 million dollars, bitcoin reaching 1 million dollars is possible but it will take too much time or many years before it happens, so the best thing to do now is to start saving your money and invest it in bitcoin, we might see bitcoin at 1 million dollars and if that would happen then that is a huge profit.

[conected]

I don't mean to crush the dreams of crypto enthusiasts, but I'm not sure bitcoin reaching $1m is possible, my reason is because the crypto space is filled with thousands of altcoins and some of them have billions of dollars invested in them, bitcoin would easily reach $1m if all the money in altcoins right now are all concentrated on bitcoin alone, however fingers crossed for now, if bitcoin eventually gets to $1m we'll I won't be bother much cause I don't have much bitcoin in my wallet.

- Not intentional but the nature of the truth will disappoint us, I can understand how difficult it is to feel when you talk about a million dollars worth of money that will not happen to bitcoin, the idea of using all the resources and value of altcoins to pump into bitcoin and get bitcoin to reach a million dollars is also impossible, breaking the balance will cause collapse. Besides, the first bitcoin in investors' wallets being sold are the most popular topic recently, proving that very few people intend to participate in the one million dollar price

[Distinctin]

The question is, can you hold bitcoin until it reaches 1 million dollars, bitcoin reaching 1 million dollars is possible but it will take too much time or many years before it happens, so the best thing to do now is to start saving your money and invest it in bitcoin, we might see bitcoin at 1 million dollars and if that would happen then that is a huge profit.

Well, to be realistic, that's really a tough question to answer, in my case, I might be tempted to sell when bitcoin reaches $100,000.. problem is I don't have 1 bitcoin now, probably I just wait until the market will correct then I will start to accumulate and hold again for the next bull run.

[Streets 2.0]

What to do? Very simple - I will sell my small savings in bitcoins. To be honest, I will do it much earlier. I am quite satisfied with the price of three hundred thousand per bitcoin. I will already be very happy and happy to get rid of this coin. Some analysts predicted such a situation already this year, and I really count on it. Although my nerves are unlikely to withstand if the price rises to at least 150 thousand.

[lionheart78]

I won't do anything since I already moved from Bitcoins to altcoin ever since Bitcoin surges since I feel that Bitcoin growth percentage would be very slow in the future, but if ever I have BTC and it hits $1m, I would definitely cash out since the target goal was reached.  It would be a hypocrite of me if I say I will still hodl.

[Stedsm]

If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.

I guess there are already many millionaires from the early adopters (and maybe even billionaires if I'm not wrong).

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.

TBH, I don't even hold such a significant amount of BTC, so I think it's not my cup of tea to think about it now as I sold all my BTC (can't stick with it and IRL needs). But if I held them and the coins be with me, I'd definitely donate it to the real heroes who are working 24/7 to help their patients fight this pandemic.

[ReiMomo]

I won't do anything since I already moved from Bitcoins to altcoin ever since Bitcoin surges since I feel that Bitcoin growth percentage would be very slow in the future, but if ever I have BTC and it hits $1m, I would definitely cash out since the target goal was reached.  It would be a hypocrite of me if I say I will still hodl.

I don't think that is a good move, bitcoin price is very volatile and it can be hit on that price and I guess altcoins price movement will follow to bitcoin price. Moving your investment from bitcoin to altcoin will I guess having regret in the future.

But you have a point if the price will hit $1m, I would also sell it and because for me that is too much and it could be folded my investments into how many times. But I don't when that $1m prices will happen and we hope that we came across with that too much high price and we can able to accumulate more.

[Alexbenua97]

I think Bitcoin will soon reach $ 1 million! This year there was a big jump and I think by the end of the year it will cost $ 500,000. Although the correction may slow down growth

[Peanutswar]

There's no impossible with bitcoin because the market is volatile every time there are people who keep supporting this coin take advantage to get profit. I think only strong holders are the me who survive this bitcoin price rare as OP tells about I guess it took more than five years before it happens but again no one knows its better as early as possible if we might grab a chance as possible to hold so for the next coming years we have a good outcome.

I think for now the bitcoin needs to beat the 60k usd price

[yayayo]

The volatile nature of crypto is an aspect that just surprise us every time it moves. One day it’s favorable then in just split seconds it’s not. I’m hoping that Bitcoin can really hit a million, and if that happens I will not miss the chance to take advantage out of it.


ya.ya.yo!

[KaliLinux]

Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.

As for me though, I will definitely sell some part of my Bitcoin after all, that was why I invested in bitcoin to make money and this is been achieved by this remarkable price of $1m  certainly taking some profits and continue to hodl some for a long period because you must have some sort of taking profits while you invest and not plane to hodl forever.

[Butern Butler]

Honestly I am thinking that BTC will hits 1 million soon.Maybe 3-5 years later.

[vennali]

Honestly I am thinking that BTC will hits 1 million soon.Maybe 3-5 years later.

I still cant believe we are so close to 60k mark. 1 million isnt even a pipe dream anymore. All it takes is a couple of rallies which are bound to happen in the next couple of years. The question is, how much of a bearish impact will there be..if an individual country with high no. of traders try to ban it. Like potentially China and India. There always have been bans from those countries but never an official statement given against it.

[ballexplorer]

If BTC rises to 1 million in the next few years I could afford my family a little more than I can spend today

[bitzizzix]

Anything can happen to bitcoin because the current price of bitcoin is beyond expectations which can reach more than 60K, and everything will go through a very long process and time.
And if I am still alive and can enjoy the bitcoin price of up to $ 1 million I will fulfill my wishes and my family according to the bitcoin I have, and if that is true I will prepare from now on not to spend it when the price of bitcoin continues to increase, because when the price is bitcoin is on the rise and continues to rise so the temptation to sell must be there because it already has a very large profit.
and a situation like this is difficult to avoid because it is feared that the price of bitcoin will fall again.

[akm3535]

I did not think bitcoin would come to 60 thousand dollars so quickly. While I was thinking like that, bitcoin reached 60 thousand dollars in a very short time. Later, people made predictions such as 100 thousand dollars, 500 thousand dollars, 1 million dollars and it is not difficult to reach these prices even if it seems like distant estimates to me. bitcoin has a very high potential. If it comes to $ 1 million and the amount of bitcoins I have is enough for my retirement plans, I still wouldn't mind withdrawing from this market. If it reaches 1 million dollars, it can reach 5 million dollars. I turn some of it into cash and continue to hold some of it.