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

[fokinlipat]

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

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[albert0bsd]

If that happend, i am going to adquire the title of millionaire   jokes aside.

I would finish paying for my house

That would make me very happy  

[Faisal2202]

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

First of all, I don't have enough bitcoins but if the price crosses $1 million per BTC then my BTC can make me around 350k dollars, which is a huge amount of money, that I can use to start many types of businesses at the local level, or I might start the business of flipping website, where we need huge investment or I might start a business of clothes at a bigger level. I can do whatever I want to, but of course, I am not a money waster, well at least that's what I try to do.

I will use the funds to invest further, maybe in new stocks, maybe in FBA or FBM (AMAZON), or maybe use those funds for trading purposes.

That amount can make me rich, but I should be wise enough to use these funds in a manner that would really have a good impact on my life, otherwise, many people have achieved nothing even with that amount of money.

[SamReomo]

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

It will not affect my life to much extent but it will definitely make me happy and financially stable without any question. The current value of Bitcoin is over $30k and it will take enough time for Bitcoin to reach $1 million price tag. I'm surely a supporter of Bitcoin and most of us at this forum are somehow related to Bitcoin and want Bitcoin to get higher in value if they have enough holdings.

Many people will be financially stable if Bitcoin reaches $1 million in value as they all are hoping to have better returns from their investment and they all want to be financially stable in their lives. I'll personally purchase many good things for myself and I will most probably purchase a house for my family if Bitcoin reaches $1 million in value.

[m2017]

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

By the time 1BTC sells for $1 mln., inflation will accelerate so much that $1 mln. can only buy a cup of coffee. That is, of course, the effect on life will be noticeable, but I don’t think that it will be so significant for you.

But if you think about it seriously, with the price of a bitcoin at $1 mln., the significance of $1 mln. is much lower than it is now. If you look at films from 20-30 years ago, everyone in them hunted for $1 mln.. It was that elusive MacGuffin, the main goal for the characters in the films. Nowadays, no one will be surprised by $1 mln. At least in the movies.

I want to say that you overestimate the possibility of the influence of a bitcoin at a price of $1 mln. on your life, and also, this moment will not come soon.

You assess the influence of the bitcoin on life from the position of a speculative moment, while the significance of the bitcoin as electronic digital money, decentralized and possessing unique technical capabilities is incomparably more important and impressive. For this parameter, the current or future price rate has absolutely no meaning. But the impact on life is simply unimaginable.

[KiaKia]

Time would have passed, many would have died and kids would would have grown into old men and women, even with ETFs and stuff Bitcoin can never reach 1 million dollars at this time, sorry OP let me peacefully enjoy this present time, chasing this price target is beyond my time, I believe that in the next years to come Bitcoin can't be this valuable.

Let's pretend that it's possible, will you still hold your Bitcoin seeing the price pumping that much? Assuming you invested only $4000 in Bitcoin and your money turned to $80,000, you will never believe that it's going to 1 million unless you are stupid.

Last bull market many people are chasing $150,000 per Bitcoin, it never happened and they ride the bear market again, trapped and angry, when your ROI is too good you won't care about the Top-Top, you are here to make good gains, not to be a greedy fellow.

[NeuroticFish]

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

You may be thinking too far. I am not convinced that Bitcoin will get to $1M during my lifetime, I expect that at some point it will stop having both crypto winters and huge bull runs, getting to a slow rise, kind of like gold usual trend.
As somebody earning (and spending) bitcoin for quite some time, Bitcoin has already made my life easier. Of course, the higher the price, the better.
But I would love see its acceptance in shops start rising faster than its price.

[apogio]

it would make me richer in FIAT terms, but I will be in the exact same position BTC-wise.

1 Bitcoin = 1 Bitcoin

[Upgrade00]

I am not convinced that Bitcoin will get to $1M during my lifetime, I expect that at some point it will stop having both crypto winters and huge bull runs, getting to a slow rise, kind of like gold usual trend.

I share the same sentiment. With how high the percentage of the circulating supply is already, the halving will start having less and less effect on the market and the price will peak around a certain range and adjust downwards to accommodate the lose of price speculators. At this time I expect the use case to have significantly changed and for us to have a much higher level of adoption.

[aoluain]

it would make me richer in FIAT terms, but I will be in the exact same position BTC-wise.

1 Bitcoin = 1 Bitcoin

Of course, BTC1 will always be BTC1 its just the FIAT value which moves but with a
value so high on Bitcoin it means that many people will be able to pay off some debt
and still have a high percentage of Bitcoin left.

There are also those who will go "Lambo" and spend their Bitcoin on stuff which will
depreciate in value which is not a good move for me.

I will pay off some debt, maybe buy something which will make money in time but
most importantly I will always have Bitcoin.

[avikz]

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

I would become a millionaire! What else?

Will live a debt free life as I will be able to pay off all my debts. Will infuse capital into my business and create a safe deposit which will give me a passive income every month.

In a nutshell, my life will be sorted because I do not act impulsive to buy costly things just to show off.

[Yatsan]

Obviously, luxurious life would come to every investors of Bitcoin; just check how huge the leap would be in its market value which sinply ressembles the profit to be earned if ever its market value would be as high as stated in this topic. Some might diversify their funds to other assets which I think I would do as well just to secure the ‘life’ I would be getting. If ever the market value of Bitcoin will be this much, it does not guarantee  consistency and with that, the price could fall in an instant so the best way I guess is to secure the profit and wait for its bottom to again re-invest. Properties would be prioritized on my end ‘coz it has a higher tendency for a continuous price increase as years would go by. But to those who will jist hold, when would you guys be selling your investments?

[ajiz138]

I will be rich if I still HODL until the price of $1M and that's a real millionaire. LOL

Lifestyle will obviously be different from now, we never thought about this because it's too far away how many decades will we know the price of bitcoin is millions of dollars? It has to go through several halving cycles.

Until I am alive I will continue to try to keep bitcoin as a financial solution.

[terrific]

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

It will change that I don't have to wake up early anymore and be part of the rat race, and other's lives will be like that as well.
While I guess that others will just do their planned vacation from different countries and places.
I'll just take a rest on my house, sitting on my relaxing chair and sofa and will have a daily sip of coffee to taste that feeling of being relaxed, thanks to $1M per Bitcoin. And I hope it happens asap.

[pixie85]

it would make me richer in FIAT terms, but I will be in the exact same position BTC-wise.

1 Bitcoin = 1 Bitcoin

Love it!

Most of us forum members would be rich as many people here own 1 or more bitcoin, but that doesn't change much if you're not willing to sell.
I had a bitcoin worth 3000 dollars once and then the same bitcoin was worth 20 thousand and then 60 and then 20 again... It did not change my life because I had no reason to sell it.

Many people are rich on paper. Someone called this being potentially reach meaning that we have the ability to show off with our wealth but we don't.

[Davidvictorson]

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

You may be thinking too far. I am not convinced that Bitcoin will get to $1M during my lifetime, I expect that at some point it will stop having both crypto winters and huge bull runs, getting to a slow rise, kind of like gold usual trend.

A very reasonable and realistic reply. Even seeing Bitcoin at $500k is close to impossible in our lifetime. As soon as the volatility associated with it is managed, anything above a certain price will upset the balance.

But I would love see its acceptance in shops start rising faster than its price.

About this, we still have a long way to go. But I believe that as Bitcoin awareness increases, so will it's acceptance.

[hatshepsut93]

it would make me richer in FIAT terms, but I will be in the exact same position BTC-wise.

1 Bitcoin = 1 Bitcoin

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.

[CryptopreneurBrainboss]

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

To begin with, it means I'll have a million dollars of fiats to spend but that's not what we want for Bitcoin, the  profits are great but what about the adoption. If I can't use my Bitcoin as I use fiats then there's no excitement in Bitcoin reaching $1 million as I'll still have to sell my Bitcoin for fiats whenever I need to buy something or pay for a service that I use.The goal should be 1 Bitcoin been recognized as 1 Bitcoin and not 1 Bitcoin getting to a specific price in dollars. I'll give up one Bitcoin getting to $1 million for Bitcoin been recognized globally as a currency and not what's happening with the attention been shifted from a currency to a speculative asset.

After Bitcoin gets to $1 million and you sell your Bitcoin for fiats, what's next as you don't have any Bitcoin left but if Bitcoin gets the recognition it deserves, you won't have to sell your Bitcoin or be scared of a decline in price as then the fiat value won't matter anymore. Things will be calculated in Satoshi when spending Bitcoin and not fiat values.

[The Cryptovator]

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.

[jossiel]

To be honest, I don't think I'll be able to hold Bitcoin until it reaches $1 million.

Same.

I might sell before it finally reaches there but I'll try my best to at least still hold some until it reaches there. It's like a life goal that will come once in a lifetime but learning the market's volatility that it will take time before another ATH gets in will make me decide what I should do before it finally reaches there.

Going straight to the point about it when I still have at least 1 BTC by that point. First thing, early retirement. No more 8s to 5s or 9s to 6s.

And that's gonna be the biggest impact to my life if ever I'm still here and Bitcoin reaches $1M.