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

[mezzaluna]

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

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[MishaSER]

As we know the dollar is losing its value, 100$ now and 100$ 10 years ago are two different things. It is hard to imagine what will happen with a bitcoin price of $ 1 million.

[famososMuertos]

That price is still a very ideal premise in the short term!
I don't really think about what could happen to me if such a price came at any time, anyway I am just a satoshi hold but at least it is something, I just hope that as far as possible when bitcoin reaches such prices, many people have been able to get to know bitcoin and a distribution to more people would have been achieved.

As for donating, it is something that comes with what I said earlier, maybe the way to do a good cause is doing just enough to make bitcoin known ... maybe someone's poverty today can buy some satoshis But it may be... why not!! to be ensuring the distant future  of its descendants.

[dupee419]

Still a long way to go if that's the case, some hodlers that are patient enough for a 20-year hold or even more before BTC actually hits that $1m price mark, and if that does happen, I'll become a millionaire and probably improve all of what I have, definitely upgrade my appliances and won't forget to give my PC a huge upgrade that's for sure, but will definitely build a business to furthermore secure my future, and pizzas.

[CODE200]

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

Financial stability? For real? I think it is not showing the slightest chance. I live in a third world country and reality speaks that this is not true. The idea that the market price will continue growing won't make it a reliable source of income to result into financial stability simply because the increase is not totally continuous. It'll take years in order to come up with another all time high(based from its past) which is in contrast with the idea of stability. Those who will afford investing huge amount and will be able to wait for a long period of time will be the ones who will benefit the most but only few people could do that.

[mardaed]

In our country, its value has already break through the 1 Million barrier in terms of our currency and that is a huge deal for us and its now or never for some users in our country to invest more in Cryptocurrencies. This just shows that Cryptocurrencies can really help the financial stability that most people need in third world countries.

Financial stability? For real? I think it is not showing the slightest chance. I live in a third world country and reality speaks that this is not true. The idea that the market price will continue growing won't make it a reliable source of income to result into financial stability simply because the increase is not totally continuous. It'll take years in order to come up with another all time high(based from its past) which is in contrast with the idea of stability. Those who will afford investing huge amount and will be able to wait for a long period of time will be the ones who will benefit the most but only few people could do that.

That is true. I can relate to what you are saying as I am also in a third world country. Upon reading the title of this thread, the first thing came into my mind is that hopefully I have some funds with me for which I could invest in and hold and wait for BTC hitting $1m. But it’s not the reality for most of the people, as no one knows if it will happen and living in a third world country makes it hard to save seriously. And with stability, I cannot completely rely with BTC as you have mentioned its growth is not continuous.

[cr1776]

It will never hit $1m in the future. That is what you would expect an 8 yo kid to ask.

People were saying it wouldn't hit $1 and then $10, and then $100 and then $1000 and then $10000 and then $40000.  So unless you have a crystal ball, I wouldn't say something like that because you are just repeating the same mistakes that have been repeated for more than a decade now.

[hahay]

Why wait so long to sell whether it is a greedy person, because if that value is reached I am confident to sell it. I don't have to wait to get a lot of profit to give charity, because for me charity can be anytime and it's not just about money. With the achievement of bitcoin ATH in 2021 I think it is very good and it seems like there are many people who are doing charity and enjoying it now from the profits they get, but I don't think it's a target because whenever the price moves, of course there will always be people who benefit from movement that occurs. They are free to take advantage of the benefits and even more so if the bitcoin price reaches $1m, of course it is something that is very surprising for everyone.

[doctor877]

That's a very long way to go but I think at that value it's enough to take out half as profit and enjoy myself with my family and make some of my dreams come through. But the most important part is the adoption which will drive this to come through.

[vaultman]

In such a situation, it would be reasonable to decide to sell part of the bitcoins for a carefree life and leave most of it in the form of bitcoins. Since I think that the price will rise and reach the point where it will be above $ 1 million, but it will not be soon, most likely closer to the moment when the last bitcoins will be mined.

[Renampun]

*What I do when the Bitcoin price hits $ 1m is sell the Bitcoin that I hold...
I really believe there will be a lot of excitement going on in the community when Bitcoin hits the price of $ 1m. they will be busy figuring out what Bitcoin is, their curiosity will definitely frustrate them.

[BuNga_cute]

My highest target for Bitcoin is to hit the price of $ 1 M, so if it does, I'll sell all the Bitcoin I have. I will make a business using the profit I get
from Bitcoin, and I will also give what percentage of Bitcoin sales to charities. Because I believe we have to help others if we are getting
a lot of sustenance. It could be that if Bitcoin really reaches the price of $ 1 M, I also retire to invest in Bitcoin, because I believe I already have
made a lot of money from selling Bitcoin.

[serjent05]

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.

I believe in the saying that nothing lasts, so if ever Bitcoin hit $1M in the future and if happens I have some on my stash, I will diversify.  Cash-out part of it and invest in real estate.  It is always good to have tangible investments.  Then will keep the other part for speculation purpose.

[Mike Mayor]

When it reaches 1 million $$ Then I will be rich xD I think it can easily get to a million. Look at the speed of adoption and wait until the next massive buy-in of newcomers. Soon there will be now newly created bitcoin and thus bitcoins rarity increases. Up until now, we have had the mining to absorb the adoption by people. Without that the price should skyrocket. Come, on guys, we all know it will reach a million so please please please save your bitcoin do not be foolish. We messed up once let us not mess up again. If it doesn't reach 1 million then lifes not worth living.

[onooks]

If Bitcoin hits such price levels, many early adopters will become millionaires.

At this point of time, those holders who have bought it early and holds around 40+ btc are already millionaires today.
I'll sell but not all that I've got. That's going to be a very historical sale for most people and if we're planning to sell, the institutions are the first one to sell from that point.

and what will institutions sell for? so they can buy their stock back?

[Youghoor]

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

First and foremost, looking at the market projections of Bitcoin for the past years now, there is no way one Bitcoin will be worth a million dollars in the future. Gold has been around for so many years now but its market value per ounce is worth a million, why will you have the assumption that Bitcoin has that potential. Sometimes we need to real when making some predictions. Bitcoin has not even attained mass adoption and people are thinking of it being worth a million in the future. Lol.

[NathanielParker]

I'll hold my btc.HODL!!! the more the price is, the more precious it will be, that's why I haven't sold my btc yet. I bought it at 1000$ and now look at it.

[Spielbevk]

If Bitcoin hits $1m in the future,I will sell part of it and donate it to charity, and the rest will wait for the price to appreciate.

[Bagshlvp]

I don't have Bitcoin yet. If I have one in the future and can reach 1 million, I will sell a portion and donate it.

[Phanditha Echevarria]

keep envying others. I had the opportunity of buying bitcoin one year ago, but I didn't...
Now I play ETH and Sushi and have earned some money from it. if you believe it can hit that price, buy now in case of regret.