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

[albert0bsd]

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

The question is when it is going to collapse.

For example the next two news are some worrisome

$18,500,000,000 in US Treasuries Sold by BRICS Trio of China, India and Brazil in One Month
$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

Maybe the headlines are some clickbait but if that is real that means that the dollar is moving to the end of its hegemony

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[Negotiation]

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.

It is true that bitcoin price of $1 million is a dream for every investor. Investors hold bitcoins by investing in them thinking about their future but the market always goes up and down so it is very difficult to say when this day will come. To see the price of Bitcoin $1 million will require long-term investment and holding. Do not be disappointed even if the price is reduced that much change in price will create a life milestone for every investor.

[Apocollapse]

I will make good amount of money (in case if I sell my coins), then what?

I don't have any dream to buy luxury stuff, travelling, or doing anything that make me need to spend money for unnecessary thing. So it's not really affect my life and I keep accumulate more Bitcoins as much as possible because I want to make sure my family will not lack of anything.

[jasonjm]

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

Well, this is a very generous and optimistic price target. This price will significantly impact each economic class. This price seems impossible in the near future; one-day people might see $1 million per BTC, but not in my lifetime, I guess. You should be realistic about the price targets. At that time, there will be increased inflation and other costs will also be increased. So, you will get pretty much the same benefits that you are getting today with 1 BTC. It will certainly increase your wealth, but it is important that you accumulate more than 5 BTC at least for the future.

[traderethereum]

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

That would really have a big impact on me. With a bitcoin price that can reach $1 million per bitcoin, I will make a lot of profit. It could buy a small house or a car, but what is clear is that it really helps our economy.
We can survive longer with that money, especially if an economic crisis could become more widespread.

But I won't use the money to buy things. I will focus on trying to meet my living needs first because the price of basic necessities continues to rise as time goes on. But it would mean a dream come true for many investors and perhaps they would sell most of their bitcoins.

[adultcrypto]

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.

I understand the sarcasm though but I humbly disagree with you on this because even with the current inflation across the globe, Bitcoin have remained like the anti-inflation currency.
See the inflation data of US from 2010 till date

Value of $1 from 2010 to 2023
$1 in 2010 is equivalent in purchasing power to about $1.41 today, an increase of $0.41 over 13 years. The dollar had an average inflation rate of 2.69% per year between 2010 and today, producing a cumulative price increase of 41.15%.

This means that today's prices are 1.41 times as high as average prices since 2010, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 70.922% of what it could buy back then.

The inflation rate in 2010 was 1.64%. The current inflation rate compared to last year is now 3.70%. If this number holds, $1 today will be equivalent in buying power to $1.04 next year. The current inflation rate page gives more detail on the latest inflation rates.

This shows that the rate of inflation is far slower than the rise of Bitcoin. In 2010,Bitcoin was just $1 in value and today the increase is beyond imagination as opposed to inflation that did not do up to 50% within the same time period.

Bitcoin rising to $1 mln will just be like moving from $1 in 2010 to over $30k in 2023 and this will not diminish much of the purchasing power of the dollar equivalent.

If you examine the possibilities, you don't need to look far to see it. Fixed supply and decreasing miners reward, everything points to the same thing.


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.
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[wxa7115]

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

There are too many variables to consider when answering such an open ended question, as the amount of bitcoin you hold and when this could happen are two of the most important factors, however assuming such a price was reached during the current decade and I still held the current amount of bitcoin I have on my wallet then my life would definitely change for the better.

As even if I am not a whale, such a price will surely allow me to retire on the spot and live the rest of my life without having to worry about money anymore.

[Bitcoin_people]

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

If science is worth $1 million in the future, how will it affect my life. Rather, if Bitcoin reaches this level, I will benefit financially and it will relieve me of financial problems. With the current price of Bitcoin hovering around $34,000, it may take quite some time for the Bitcoin market to tag $1 million. As a member of this forum I definitely support bitcoin and I will solve my financial problems with bitcoin in future. When the price of Bitcoin reaches $1M I will definitely be financially stable, and all the people who are holding will get a lot of money profit. We mainly invest in Bitcoin to solve financial problems in the future and want to be financially stable. And if I am currently investing in Bitcoin, then I definitely expect to be rich when Bitcoin reaches $1 million in the future.

[kingvirtus09]

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

When that happens, I will be able to buy a house and a lot and a car and a car, and include the small business that I want to do. Then when that happens, many other top altcoins in the market will also invest, so that means many community investors will get rich here in the crypto space.

It's just that right now we don't really know when that will happen, I hope it happens while we're still alive on earth. It's really a big deal to us. So long-term holdings are really good in this kind of business.

[blckhawk]

With the amount of bitcoin I currently have, it's not going to affect me that much although I could probably buy myself a decent house in a decent neighborhood and keep my day job so all that I have to worry again is probably paying the bills. Which I think is a nice thing since that would mean that there's a big goal achieved already and I don't have to worry about working hard for it because I've got it so fast. This question is one of the reasons why I continue to accumulate bitcoin no matter the price point is because I know it's going to pay off big time in the end.

[barisbilgili]

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

There are too many variables to consider when answering such an open ended question, as the amount of bitcoin you hold and when this could happen are two of the most important factors, however assuming such a price was reached during the current decade and I still held the current amount of bitcoin I have on my wallet then my life would definitely change for the better.

As even if I am not a whale, such a price will surely allow me to retire on the spot and live the rest of my life without having to worry about money anymore.

You are right, this will really depend on how much we save, if we save a large amount then if the price of Bitcoin has reached the amount you mentioned of course we will have financial freedom for anyone who saves it. If we have confidence that the price of Bitcoin will reach that price, it would be better for us to continue collecting it to be able to enjoy the benefits of the price increase as you mentioned. Being able to live life without thinking about financial problems is certainly everyone's dream, but very few can do this if they don't try to achieve it.

[wallet4bitcoin]

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

If that happens, it means that fragments of satoshi will become extra valuable and significant amount of money. Mathematically, it makes every satoshi equal $0.01. The wallets that ever held bitcoin can actually have significant amount of money left and the global adoption will be rapid since it will have been established that Bitcoin is worthy an investment for all and also a store of value. Lives will be transformed beyond imagination but the big players (whales) will benefit the most.

[Oneandpure]

I am not bitcoin holder but altcoin holder, although not really effect with bitcoin price raise to $1 million I don't think not huge speculation or imagination with bitcoin will raise $1 million. Beside many people want to see bitcoin will raise to $1 million but I don't sure they have enough patience keep holding their bitcoin fund exactly when moment raise up to higher price.

You are right, this will really depend on how much we save, if we save a large amount then if the price of Bitcoin has reached the amount you mentioned of course we will have financial freedom for anyone who saves it. If we have confidence that the price of Bitcoin will reach that price, it would be better for us to continue collecting it to be able to enjoy the benefits of the price increase as you mentioned. Being able to live life without thinking about financial problems is certainly everyone's dream, but very few can do this if they don't try to achieve it.

Its not really positive affect if not hold any one bitcoin in our wallet although have been raised to $1 million, but as altcoin holder I think have positive side when bitcoin raise higher price will allow by altcoin but will OP price really come true depend not any one want loss their opportunity for selling bitcoin after success have been on higher price.

[Belarge]

I will make good amount of money (in case if I sell my coins), then what?

I don't have any dream to buy luxury stuff, travelling, or doing anything that make me need to spend money for unnecessary thing. So it's not really affect my life and I keep accumulate more Bitcoins as much as possible because I want to make sure my family will not lack of anything.

Not everyone has the mindset of saving when they made it big with cryptocurrency; for some of us, that's really the time to live our ideal life. Of course, we enjoyed and traveled on vacations; just do what makes you happy, because life is unpredictable, and the unexpected can happen at any given moment. Don't get me wrong: we will make prudent investments that will generate enormous amounts of financial resources for the system. What are we going to express if bitcoin reaches $1 million? I can attest to the enjoyable lifestyle. Everything about me will change, including the automobiles I drive, the opulent houses I'll live in, and an increase in the standards of living.

[GreatArkansas]

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

I will still continue my normal life. The question here is "When this will happen". Let's say if this happens when I am about to retire, maybe my retirement will be early or maybe it will happen at my age when I can be considered as senior citizen, my senior life will be happy and after that, my children will be also have a good life in the future because I am investing always for the future.

[jeraldskie11]

If the price of Bitcoin hits such a high level of price, I will be both sad and happy.

I'm sad because I truly want to save Bitcoin, but it's difficult for me to do so because my income only covers my basic needs, which is I only save so little. Most of us who have faith on Bitcoin that will reach such a high price undoubtedly feel the same way I do.

On the other side, I am happy because there are still many individuals who do not believe in Bitcoin and claim that it is a scam. If this occurs, individuals may change their thoughts and believe Bitcoin is a legit.

[Gallar]

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

If the price of bitcoin reaches 1 million dollars, in general it will definitely change my life a lot. Because of course I will get a lot of benefits from the bitcoin investment assets that I have held so far. But even so, I don't think Bitcoin will reach the price of 1 million dollars anytime soon. Maybe it could happen in a few more bitcoin halving cycles. Because in Bitcoin's upcoming halving cycle next year, most investor biggest price prediction is just $100K in the upcoming bull market. So my estimate for touching 1 million dollars in bitcoin will take a little longer. Therefore, currently the prediction of bitcoin reaching a price of 1 million dollars is still a hope for the future of bitcoin investors. The reason is, the price of one million dollars is still very far from being reached by bitcoin. However, this is very likely to happen in the future. Because all of this can be seen from current Bitcoin users, who still make up less than 10% of the human population on this earth.

Blockchain company, TripleA, released the latest data on global crypto asset ownership levels. This data estimates that the global level of crypto asset ownership is only 4.2% with more than 420 million crypto users in the world.

Source: https://coinvestasi.com/berita/proyeksi-investor-kripto-seluruh-dunia

So it can be predicted, if for example cryptocurrency (bitcoin) users can reach 20% of the human population on this earth alone, then the price of bitcoin will definitely jump even higher. Therefore, in essence Bitcoin still has a lot of potential to continue to experience price increases. And it is not impossible that one day Bitcoin could reach a price of 1 million dollars.

[aesma]

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

The question is when it is going to collapse.

For example the next two news are some worrisome

$18,500,000,000 in US Treasuries Sold by BRICS Trio of China, India and Brazil in One Month
$84,500,000,000 Exits JPMorgan Chase, Wells Fargo and Citigroup in Three Months As Depositors Take Flight

Maybe the headlines are some clickbait but if that is real that means that the dollar is moving to the end of its hegemony

I'm following these news but I'm not too worried, the dollar dominated before the rise of China. In the end what matters is what money you want to have in your pocket/bank account, and clearly nobody wants Chinese money, not even Chinese people, they're just forced to have it.

The reckless deficit of the US government is more worrying.

[JunaidAzizi]

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

It can happen or may be it never take place because everything is unpredictable same is the case with our life that we don't know how long we will live or if bitcoin reaches to such a higher value then we will be there or not? Personally I think that accept the little benefit as these little things can make you Millionaire one day.
If there is a possibility of occurrence of such a huge achievement then surely it will take lots of years to be happened and also this process is not a continues process, for reaching $1 million you will definitely see large number of ups and downs. There is a Bull run coming due to halving so I don't think that people will wait more for 1 million but they will eventually sell their bitcoin during halving.
If fortunately bitcoin touch the value of $1 million then all Bitcoin's holders will be Millionaire but who knows that how will be the situation of country in future. Will they accept bitcoin? will they give permission of bitcoin holding? because bitcoin is not permissible in every country so take the benefit when you have and don't wait more as situations can alter anytime.

[HONDACD125]

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

If the price of Bitcoin becomes a $1million , then I can make a huge profit. My own intention was to build my own house,but there was some problem of lack of money . after watching bear season I started investing in Bitcoin instead of building a house, because I knew that Bitcoin could give me huge profits and in the next bull season I would be able to build a house with my profits.

I didn't invest with the intention that Bitcoin will reach a $1million  this season, but if it happens with luck, I will own a house as well as a new car. Which is my biggest wish in life. Well, human beings have many desires which are impossible to fulfill, but I am sure that Bitcoin has the potential to fulfill many of our desires. The biggest advantage of this will be that people around us who talk negatively about our Bitcoin investment, We will be proud to tell such people about the benefits of Bitcoin.