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

[lalabotax]

I do think that the best way to earn profits in Bitcoin is by diversifying the coins. I mean that we need to diversify the amount of BTC to sell at a certain rate. And when the BTC has been in a certain time, we may take profits I every price increase. So we will not regret it when the price is suddenly going down. Moreover, if we can take the profits and then buy more for areas to scape and also to explore.

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[protocon]

I would probably sell some of it and keep some for my future children!

[Bingbon India]

If it hits $1M then there will be a shortage of bitcoins as demand will going to be more than its supply and then it will start declining. So it's an indicator that when the price is at its peak than usual then it will start coming down soon.

[ArIMy11]

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.

Looking forward and seeing or hoping that Bitcoin will hit $1M, as early as now I will be saving every bitcoin that I can earn then hold so that I will have a big profit. After that I am going to sell some of my bitcoins but of course continue to still earn because I believe that bitcoin price will continue to rise. We have our freedom and we need money continuously so I think there is no reason to stop to become financially stable or rich.

[KryptoKings]

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.

That's very strange question. Why should anyone disclose in public what he is going to do with his money.
One thing I can assure you is I am not going to convert all my holdings to fiat. What is the purpose of supporting crypto if you sell it for fiat.
I hope by then everyone will start accepting btc and I won't need to convert it to fiat to pay my bills and other expenses.

[ice098]

That's very strange question. Why should anyone disclose in public what he is going to do with his money.
One thing I can assure you is I am not going to convert all my holdings to fiat. What is the purpose of supporting crypto if you sell it for fiat.
I hope by then everyone will start accepting btc and I won't need to convert it to fiat to pay my bills and other expenses.

I bet no one will going to disclose their plan on what he would going to do or where he would going to use its money. But at the same it isn't strange feeling that soon bitcoin will going to hit $1m exchange rate even how strong the resistance of market it has today. We have seen the last ATH exchange rate of bitcoin amounting to $66000 but now the market of bitcoin was struggling to hit $60k again. If ever the market will hit $1m i'll definitely going tto save a half of it.

[Abiky]

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.

Couldn't agree more with you, mate. $60k per coin is right around the corner. With due time, Bitcoin will be able to reach $1m. Whatever you do after that, it's entirely up to you. I'd advise anyone to spend his/her money wisely in order to avoid becoming bankrupt in the future. Putting the profits earned from Bitcoin's rise to good use, will ensure you'd have an ever-lasting financial life. Most people are into Bitcoin to make money in the least time possible, instead of believing in its fundamental technology to change our world for the better. This mindset will lead many "hodlers" to sell all of their coins once the pioneer cryptocurrency reaches the aforementioned price range. The smart money will sell a portion of their coins, while leaving the rest for a "rainy day".

Given how fast Bitcoin went from being worth less than $20k last year to nearly $60k a few months later, there's a high probability it'll reach $1m in a decade from now. As a friendly reminder, you can always make money with Bitcoin regardless of its current price in the market. All you have to do is stick to the rule of buying low and selling high for true peace of mind. I'd bet most "holders" made a lot of money when Bitcoin went down to $47k and then went up to nearly $58k at the time of this writing. This shows us that there's no need to wait until Bitcoin hits $1m to make a profit. As long as you diversify your investment into other cryptocurrencies on the market, you'll be financially safe for years to come. Just my opinion

[macson]

snip
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'm not going to sell it, i have another source of income so i don't want to change my BTC to Fiat.

That's very strange question. Why should anyone disclose in public what he is going to do with his money.
One thing I can assure you is I am not going to convert all my holdings to fiat. What is the purpose of supporting crypto if you sell it for fiat.
I hope by then everyone will start accepting btc and I won't need to convert it to fiat to pay my bills and other expenses.

imo this is just a discussion so i think there is nothing strange about it....btw "hodler is a winner" these are the best words

[fladnaG]

Most likely, when many people become millionaires at once, there will be a financial crisis.

[Kong Hey Pakboy]

Most likely, when many people become millionaires at once, there will be a financial crisis.

I am not an economist but I don't think that it will cause a financial crisis just because a lot of people became millionaires. If that point ever comes, I better have a lot of bitcoin that I hodl because that would be pretty devastating for me to be in the bitcoin scene and then I don't get to cash out bitcoin when it hits 1 million USD.

[Alisha-k]

That should be the prayer at this point. Bitcoin price is constantly pumping and we are hopefully expecting a shocking spike any time soon

[Weber45]

If it reaches 1 million dollars in the future, I will invest half of my money in Bitcoin again and half by buying a house and building an apartment for me to have a passive income, nowadays we need to have an income passively because we didn't know what will happen to the future, just like this pandemic, we did not expect for this to happen many people lost their jobs.

Yeah, passive income and bitcoin is the future. But it's funny how quickly we can lose it all

[nebuch]

 I will swap Bitcoin for stable crypto. Just in case bitcoin will crash again I can able to buy. So, today I will buy 100$ bitcoin target for $1 million per bitcoin. If we just know the future ahead of us, maybe we will buy 1 btc now and hold for the highest bitcoin price ever. More likely, it takes 100 years before the price reach 1m.

[cyriljundos]

If bitcoin reaches that point i would probably save it and i will build my own house and get a nice car. Still 50% of saving still going to invest in crypto currencies. Some of it maybe save from bank . We trust in bitcoin it will rise upto 2M and reaches its all time high.

[hitsnorth]

Well, i'm nota gonna have the $1m if it gets that high lol. But if i had at least 1 BTC by this time i would probably sell it.

[Pamadar]

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.

Of course, if selling for $ 1 million had made me a lot of money, then making a sale might have been the right decision.  and of course I will set aside this profit for charity to help people in need

That's really huge, if ever you comes out here with a good numbers of coins on hold.

$1M is a very decent amount, you can share good amount of money into charity especially now that the pandemic is hurting each sides
of the world, or if you are not in the place where virus are very active, you can simply share it with those less fortunate  from wher you
are in now, imagine how valuable your savings if you start holding now and patiently wait for such amount of value.

[Woodie]

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.

Most likely, when many people become millionaires at once, there will be a financial crisis.

If we have 21 million bitcoins in total minus a few lost or locked up in some wallet, and possibly 50% of its users hold more than 1 bitcoin for arguments sake we should be looking at less than 6 million users to become millionares.

[maartenhaha]

Since I am not a greedy person, I will sell all my Bitcoin if it is true that Bitcoin reaches the price of $ 1M in the future. And I will use the money
wisely from selling the Bitcoin. I will definitely use 50% to open a business in the real world, then 20% I will buy some items that I have wanted
for a long time. I will save the remaining 30% and use it to buy Bitcoin again if the Bitcoin price is corrected.

The decision is very wise not to fully use the proceeds from bitcoin for business capital and others. Personally, 50% will be hold in crypto assets and the other half will be used for daily needs and savings in banks.

[Alert31]

If ever bitcoin will hits $1M in the future, I think nothing will be change. Only holders will become millionaires or billionaires and as long as they use their money wisely ,they will be able to live with financial freedom for their entire life. Also, even bitcoin could reach that high, we can continue to use it and invest into it and I will continue to patronized it as long as the transaction fee is not too high.

[willoweb]

The first is that we will all spend a lot of time on a transaction and a fortune on paying fees. In general, it is difficult to imagine such a thing today. But if you let go of your mind and dream, then perhaps this can be imagined. I would not keep it and would try to get rid of the cryptocurrency with such a price and buy many different less expensive coins with the proceeds. In my opinion, this is reasonable, besides, by this time there will be even more alternatives than now.