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

[blockman]

As long as transaction fees don't hurt our pockets I will keep using bitcoin even when it hits a million dollars.

But should fees be crazy high, I might just be forced to stick to altcoins which I expect to also ride bitcoins wave to see some price gains.

By that time, the fees won't change if the denomination is in satoshis per byte but if you'll estimate it in dollars, probably it's really going to be high.
But that won't really matter even if the fees would pop by that time as long as the price would be a million-dollar per bitcoin. 
I'd be willing to pay for the highest priority for each transaction if that hits that dream of everyone as an ATH.

I suppose the problem with high fee would be solved by then.  I don't think Bitcoin development will be stuck, since Bitcoin have to compete against other cryptocurrency in order to retain its place, developer will surely address all the problem on its transaction especially when the price of Bitcoin hits $1m.

There's actually the solution already but it's not on the mainstream and not being discussed much, it's about the Lightning Network. Bitcoin doesn't have to compete with other cryptos.
It's good as it is a store of value and being the most important cryptocurrency and will always be at the top.

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[scarface97]

If bitcoin becomes $ 1 million in the future, it will have a huge impact worldwide. When it is 1 million, there will be no one who does not know bitcoin. The only thing to talk about in the world will be bitcoin, and while people who are new to bitcoin will invest $ 1 million and constantly lose money, I will enjoy my investments at these levels.  The $ 1 million level is not a dream, but I don't think it's easy in the near term. So we have more time ahead and hopefully we can increase the amount of bitcoin we have by then.

[Zemomtum]

YouTubers have started predicting unrealistic future occurrence. This is how they did in the year 2017 and makes many people lost fortune, it is better to watch out and not fall victim to those who just want newbies to push them upward when BTC is set to do major corrections.

[Abiky]

Hitting $1M is a huge and a very mighty milestone. If Bitcoin reaches the value, the next thing I will do is to liquidate half of all my holdings into cash and leave the rest as inheritance for my son. The half sold is enough to take care of me for the rest of my life.

$1m per coin might not be far from becoming a reality sometime in the future. We've seen from time to time how crypto behaves in many strange and bizarre ways. Who'd knew Bitcoin would go all the way to $58k nearly 12 years since inception? If Bitcoin went from being worth nothing to thousands of dollars, imagine what will happen once it goes to $1m. I'm sure most long-time holders will sell their coins for profit. There's always the temptation to sell Bitcoin when prices go all the way to the moon. Only few people manage to continue "hodling" with the hopes of obtaining greater returns in the long run.

Nonetheless, it's always good to stock up some Bitcoin for a rainy day. As long as you minimize losses, you'll be able to achieve peace of mind. It's all a matter of buying low and selling high in order to maximize profits as much as possible. Regardless of how much a Bitcoin is worth, there's always the opportunity for profit thanks to the volatility of the crypto market. Whenever you'd want to sell your Bitcoin or continue holding it after it reaches $1m, that's up to you to decide. Just my opinion

[samsul1234]

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.

hello sir, yes I know everyone will expect bitcoin to reach $ 1 million, and if that really happens, I will sell approximately 30% of my total assets, the rest I will save it

[zanezane]

selling is a good move when bitcoin is on the rise, but I will sell a few percent of bitcoin and will stay in bitcoin. because the prediction is that the greater the value of bitcoin, the crypto market will soar and will present something new in crypto. so why stop if in the future we will have something new

It depends to be honest, if you have a lot of bitcoin then probably you might be able to do it but if you just have enough to change your life, I think that at that point you might want to sell it all because I am pretty sure that when bitcoin were to reach 1 million, a lot of people are going to sell their bitcoin meaning that after it goes to 1 million USD, it will be followed by a really big crash.

[Reosta_]

If Bitcoin price hits $1m in the future, I wouldn't sell all of my investment but would sell most of it. Because considering the amount of my investment now, I would be very rich in that situation. So, why wouldn't I convert most of it to fiat? I'd secure my future. 

[Artemis3]

Nothing. The price is external to Bitcoin, ie. Bitcoin doesn't care what the price is, it works, and fundamentally preserves and even increases its own value overtime.

If you studied Austrian economics, which is the only school that teaches how the economy works with non garbage money, you will learn that the method to work with it is:

Only spend what you must, and keep the rest.

With garbage (fiat+manyalts) money you are encouraged to spend it all and even get in debt, but this mentality will change once people understand that their saved money is not losing value if its not invested or loaned to somebody (less risk).


TL;DR

Only spend what you must, save the rest.

There is nothing else to it.

[raji1995naya]

Why should somebody reveal what he plans to do with his money in public? I can tell you that I will not convert all of my assets to fiat currency. What is the point of promoting cryptocurrency if you are going to sell it for fiat? I'm hoping that by then, everyone will be accepting bitcoin.

[judas]

First of all, I hope that I don't get crazy.    Because I have a really decent investment into Bitcoin. And if the price hits $1m, I will get very rich. But it looks like there are really a lot of time ahead for it to happen. 

[nurilham]

If Bitcoin price hits $1m in the future, I wouldn't sell all of my investment but would sell most of it.

Why not sell all your Bitcoin? It isn't a bad idea, mate. There should be a correction after Bitcoin price reaches a new ATH, reaching $1 million means BTC has a new ATH in the future. If you want to invest in Bitcoin again, just buy in the correction. Don't be greedy to dream it increases again more than $1 million, it is more than enough, right? I assume you already earn many profits by selling $1 million if it really happens.

[Swordsoffreedom]

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.

Nothing! Earlier, I used to deposit as much money as I could from my monthly income, excluding all expenses, in a personal savings account in a bank. But now I don't do that, now I invest my money in Bitcoin after my monthly expenses, I have been saving like this for the last few years. I think it is more profitable to invest in Bitcoin than to deposit in the bank. This deposit may not be of any use to me now but in the future, it may play a huge role in improving my lifestyle. If Bitcoin hits 1 million in the next 5 years, I will not incur any additional expenses from my accumulated holdings, as I have chosen it as a safe haven for investment, everyone should develop the habit of investing in Bitcoin regularly to alleviate poverty.

[noah tall]

The first thing is no one know its will hit $1m or not? and if someone thing it will hit then no one know when it can hit $1m price, and id really it hit $1m then i will not sell all my bitcoins, my strategy to take short term profit and also collect more and more bitcoins.

[Chathusand]

People will be wealthy if the Bitcoin price reaches $1 million, but accomplishing this goal may elicit a variety of emotions throughout the road. This is a pressure that no one can withstand. Bitcoin is currently trading at $54k, and only whales will profit if it reaches the $1 million mark.

[nitrobetting]

We're still to find out if Bitcoin is really a viable as a day-to-day currency. If BTC hits 1 million,  I'd probably sell some of my BTC but not all of course. I think some people get hooked into selling all of their digital coins which I think is a mistake. Having said that, 1 million dollars is already a good for retirement.

[CryptoStar19]

Most of you are saying IF bitcoin hits one million... to me a one million dollar bitcoin is inevitable, it's more a matter of when.

Between now and when bitcoin hits one million dollars, anyone who is in the space now should have enough time to stack a significant amount of bitcoin, and by the time we reach those prices, one would not need to sell the bitcoin as you would be able to borrow against it; this is something you can do today, so by then it would just be much more mainstream.

[LimLims]

selling is a good move when bitcoin is on the rise, but I will sell a few percent of bitcoin and will stay in bitcoin. because the prediction is that the greater the value of bitcoin, the crypto market will soar and will present something new in crypto. so why stop if in the future we will have something new

That is a good decision according to me.
If possible i will also do the same and will sell some parts of my Bitcoin.
I bought some BTCs when the price was around 22k USD, so if it reaches around 1M USD in the future, then my whole crypto journey will be a success.
I will sell some of the cryptos and will start a fresh business with the profit money.
Will save the rest of the coins to sell at comparatively higher price(maybe around 2M).
Nevertheless let’s see what happens next and when our dreams will be fulfilled.

[secretgirl]

if all of that really happened, surely there would be a lot of happy people here. everyone's target is definitely different, if someone feels they have a lot of money. if all that happened to me, I would still invest some of my money, and some of my wealth I would make to open a business that could create jobs for people who are unemployed. Helping people who really need it is my dream, and maybe everyone's dream too. hopefully all that we hope can come true in the future.

[blackened515]

If Bitcoin price hits $1m in the future, I wouldn't sell all of my investment but would sell most of it.

Why not sell all your Bitcoin? It isn't a bad idea, mate. There should be a correction after Bitcoin price reaches a new ATH, reaching $1 million means BTC has a new ATH in the future. If you want to invest in Bitcoin again, just buy in the correction. Don't be greedy to dream it increases again more than $1 million, it is more than enough, right? I assume you already earn many profits by selling $1 million if it really happens.

If Bitcoin eventually hit $1m, I think selling all your Bitcoin will be good, because you don't know when the price will drop down. We should understand that Bitcoin is an unsable coin. Bitcoin reaching $1m means, you have probably made a huge profit from it. I agree with you, there will definitely be a correction if Bitcoin reaches a new ATH.

[Abiky]

Nothing! Earlier, I used to deposit as much money as I could from my monthly income, excluding all expenses, in a personal savings account in a bank. But now I don't do that, now I invest my money in Bitcoin after my monthly expenses, I have been saving like this for the last few years. I think it is more profitable to invest in Bitcoin than to deposit in the bank. This deposit may not be of any use to me now but in the future, it may play a huge role in improving my lifestyle. If Bitcoin hits 1 million in the next 5 years, I will not incur any additional expenses from my accumulated holdings, as I have chosen it as a safe haven for investment, everyone should develop the habit of investing in Bitcoin regularly to alleviate poverty.

It's more profitable to hold Bitcoin in the long term than just sell it all at once. $1m per coin is not too far from becoming a reality soon, since Bitcoin is growing at an unprecedented rate. The scarcer it gets, the more valuable it'll become. What you'll do after Bitcoin reaches $1m is beyond me. As long as you put the money to good use, nothing else matters. I'm pretty sure there will be faithful "hodlers" even after BTC touches said milestone. Who knows if the price continues to explode like there's no tomorrow? Just my thoughts