How will it affect your life if bitcoin price comes to $1 million per bitcoin?

[BitDane]

There is no doubt that if the price of Bitcoin become 1m, it will change my life from being average to above average not rich though because I just had a small amount of BTC in my stash.

 I would love to see this kind of speculation to happen, Bitcoin pricing at $1m each.  It would surely shock the world and probably make Bitcoin as one of the most expensive asset in the world.

To be honest, I don't think I'll be able to hold Bitcoin until it reaches $1 million. I can't imagine how it will affect my life. Because I always want to take advantage of the volatility. So when I see a big pump, I want to sell my holdings and buyback again. So I am not sure if I can buy it back successfully after selling it. I assume most holders will sell their holdings before reaching $1 million, and new buyers will enter the market. They might hold on until then.

Who knows, only time can tell, I believe you as Bitcoin believer will always stash some Bitcoin in your wallet.  Whether you do day trade or long hodl, I think you always keep some percentage of your trading portfolio in your stash.  

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[GbitG]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

OP, let's leave 1 million per bitcoin; these are later things. Think about right now. A bull run is going to take place. Halving is also near. Members should wake up and think about their investment. Think about it right now. Bitcoin has taken a good pump right now, and the sentiments are looking like a bull run, so book the profit right now. Leave the dream of 1 million, keep an eye on the next movement of Bitcoin, and make your investment for the bull run. For 1 million per bitcoin, we will be bullies, but the bear will not let it hit, nor is it possible.

So stop seeing heaven in your dreams and fasten your seat belt to prepare well for the bull run. There is success in it, and you can become rich thanks to it. Wake up to reality. OP also left on a journey of empty dreams.


Come, guys, come on! 

Wake Up!

[sheenshane]

IMO, there's nothing special about the price when it is increasing to 1 million which is impossible to happen.
It might be when the Bitcoin price increases by $400k people already selling it and they don't hold much for that amount.

Most commonly, people will sell their Bitcoin just to buy expensive assets, like their dream car or build an elegant house or let's say, luxury stuff.
So no one will hold their Bitcoin for a long period of time and reach that 1 million amount per Bitcoin, it's usually they will sell it when there's a small profit.

[libert19]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

I'd be sad, because I'd have plenty BTC right now had I taken certain right decisions. Everytime I'd see price of Bitcoin as much, my brain would flash about those decisions.

Even at BTC being $60k I felt regrets.

Right now I do it too, but higher the price, more the regret, you get the point.

[adaseb]

These types of threads reminds me of late 2021 when everybody was expecting bitcoin to hit $100K before year end and $1M sometime in 2022. And look what happened how it topped out in 2021.

Sure the etf is great but it won’t cause bitcoin to go up that fast. Last month the ETH etf was launched and it had maybe $1M of trading volume. If there is adoption it will be at a slow pace, it won’t happen overnight and cause price to surge that much.

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[DubemIfedigbo001]

Not much, cos I don't have much coins for now, but I'm on a monthly plan of accumulating bitcoin. So from a sentimental point of view, let it wait until like 3 years time before considering that hike in price, so I'll have saved up a good amount to become a happy beneficiary of such blessing.  So help me God.

[Kakmakr]

It will depends on when this happens....

If it happens now.. in this year, many people...including myself will be VERY rich and we will be set for life. I will be able to go on early Pension and enjoy the rest of my life.

If this happens 20 or 50 years from now.... inflation would have killed the value of the Dollar so much that $1 000 000 would be worth almost nothing.

So, I hope Bitcoin reach the Moon ...soon.  

[bitterguy28]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

I may not holding a  whole Bitcoin as of now( and still struggling to gain 1) but in my own country I will be a Millionaire for the amount of coins I am holding , actually because of the growth of bitcoin all my altcoins will also have increase and that will surely give me a million value in our currency.
happy to see this coming any time now or at least in the next 5 years more , that would be 2 halving from this one in April 2024,

[apogio]

I used to get 0.005 BTC from a faucet, but for some reason today's faucets today only give a few sats. Maybe that's because 0.005 BTC is not 0.005 BTC?

Or with that logic, $1 USD = $1 USD and the inflation doesn't really matter.

It's foolish to deny that Bitcoin changes its value with time.

Hi! No this is actually exactly my point. It's price is different but it's value is not.

Buy now, not later! In the future, if you know that you have something valuable you will not want to sell. And if you don't want to sell the price will not matter.

USD suffers from inflation which is caused by humans. Bitcoin has a specific supply growth which decreases as time passes. This will give your future bitcoin a higher price. But the value will always be the same. Bitcoin is more valuable than FIAT.

As time passes, you will need more fiat to buy the same amount of Bitcoin. But this is because bitcoin will always be valuable and people will try to buy it paying more.

[freedomgo]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

It really depends on how much Bitcoin we're holding at the time. If we keep cashing out every time we see a little profit, we might not end up with $1 million equivalent in BTC in the future. I'd say that hitting $1 million probably won't happen anytime soon, but it's still a possibility. Who knows if we'll still be around by then? Bitcoin's price doesn't move in just one direction, you see. If we pay attention to the different market situations, we'd understand that bulls and bears are constantly duking it out in the crypto field.

[Mpamaegbu]

I would finish paying for my house

That would make me very happy  

What you're worth in Bitcoin will be the deciding factor. If you aren't worth much, the astronomical increase in BTC price won't affect your fortune much. Everyone should know that. It's not enough to scream and clamour for bull rally if we don't have some set aside that we're hodling.

For me, my happiness is that once the rally begins it's not only Bitcoin that will feel the impact. Alts too will rally up. We've begun to see it these past few days. Today, Bitcoin zooms passed $35,000 and altcoins are beginning to smile too.

[Assface16678]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Well, I think I still have opportunities to profit from bitcoin at that price, but if, for instance, it happens right now, I will lose a lot of money as I hold quite a bit of bitcoin as my long-term investment. But if it happens, I will accept it and start to analyse the bitcoin price again to see if it will rise again. If so, I will buy and hold a lot of bitcoin again and wait for the price to go up or bull run. Just like what happened earlier this date, bitcoin shocked a lot of holders as it made a quite bull run from $30,000 to $35,000, which I missed and regret. But I'm happy because it is a sign that bitcoin might do a huge bull run that many people await, and I hope it might surpass its own all-time high. and I can't wait for that to happen, so I think $1 million worth of bitcoin might be impossible.

[aesma]

Retirement for sure. Unless the dollar has crashed...

[panganib999]

Long time from ever happening and I might not even be alive by then but who knows? If that happens I'm going to be the first 9-digit earner in the family (at least in my local currency). I'd be able to buy and do anything I ever want comfortably I reckon without ever having to worry about my retirement anymore. As someone who comfortably lived thanks to bitcoin, the only thing that I can really concern myself about is my retirement, since I'm pretty much set to go as long as I continue working and all my savings should support me for the next 6 years or so if in any case something bad happens to (knock on wood). But yeah, retirement's going to be a cakewalk for me.

[taufik123]

I would finish paying for my house

That would make me very happy  

What you're worth in Bitcoin will be the deciding factor. If you aren't worth much, the astronomical increase in BTC price won't affect your fortune much. Everyone should know that. It's not enough to scream and clamour for bull rally if we don't have some set aside that we're hodling.
-snip-

Now that that's the case, will they be able to hold Bitcoin until it reaches $1 million?
Because that's a very high price.
No need to go too far to test it, when the price of Bitcoin started to rise and reached $35k today did it make him hold Bitcoin long term or sell it to take profits?

Because this will play with one's mentality when the Bull Run happens.
No matter how much Bitcoin is held if there is no clear price target, then it will only be sold when pumping arrives.
Try to target a price above $100k or maybe if the increase becomes crazy target $500k-$1 million, it will be a long-term target that is quite amazing if you can achieve it.

[ebookshelves]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

Bitcoin at a million dollar maybe be a life-changing milestone for myself and as well as everyone around me. Damn it BTC at a million dollar will be quite a long term dream, but yeah that possibility is there and I really really wish to grace that moment in my lifetime.

[btc78]

I have some chunk of Bitcoin now because I still managed to keep half of my total funds when pandemic happens so maybe if Bitcoin goes  a million dollar? I will completely become a Businessman that I always dream of.
wanted to have 20 thousand dollars for capital and if bitcoin climbed that high? then i will have that amount and sure to change my life forever for betterment.

[EluguHcman]

Something threatening to those with the mentality of expecting to Invest in Bitcoin in due time even when they have the capital to invest but all with the motive of waiting for an inflation on the industry so they can invest with a lower capital while expecting inflation to strike the market and sales on a bull run.
I think this is going to be a reverse be the case for such people but as for already investors, it is a clamouring to boosten financial status with the exchange of fiat currency especially if your local fiat currency is facing de value from the economy sector.

So as for me, the tendency of Bitcoin getting to $1M would be an solid motivation to me that indeed Bitcoin is a go goal for a long time investment because I am definitely going to accelerate on the market on a bull running.
And with this thread, I am motivated to have a diverse of more than one Bitcoin account with the plans for o have one in my problem solving and the other is set to be my pensioners accumulating for a retirement without getting tired ☺️

[famososMuertos]

How will it affect your life if bitcoin price comes to $1 million per bitcoin ?

The thing is that everyone has;  whether you want it or not, the hypothetical "million" to the extent of your needs, that is, in the long run it is symbolic, any price, always the highest price we set will work, just now, we have a rally, which could be the symbolic million of many, so, today with that price of +$35k, our bitcoin can be changing lives.

Bitcoin still has a long way to go (volatility-adoption), and apparently (my opinion) a million may seem like a lot of money for 1BTC today, it is, perhaps it will never reach it or surpass it, but I am one of those who thinks that its adoption as a medium payment is also a change of life and it is just what happens now foro me, even if it does not have that price, $1k.k.