Will you retire after $BTC reaches this amount?

[Ultegra134]

I'm pretty sure $1M isn't worth much in developing countries either. Some people will spend a lot of money on consumer goods and luxury lifestyles when they have $1M - so it's not much anymore, unless they reinvest it in long-term assets. I'm not saying $1M is a small amount - but I don't think it's a lot when the lifestyle increases. They need to build a mansion, buy a luxury car and everything - so $1M will be worth less when it's used for a luxury lifestyle.

Holding 1 btc is not enough to guarantee financial security even if the price reaches $1M. Maybe some people really think that $1M will not run out to cover all their living needs for decades - but in fact, when it is not managed properly, $1M will only run out in a few years.

Depends on how you use them. People have the flaw of becoming reckless with money when they suddenly acquire hefty sums. It's not a rare occurrence for people who win the lottery to blow their money within the first few years. $1M is a great sum of money, but I doubt it's enough to maintain a lavish lifestyle. Perhaps it's okay if you continue living modestly, like you used to, but who has the ability to resist the urge to acquire luxury items? Poor money management is the most major pitfall; if you can't handle it yourself, at least hire a financial advisor and invest a portion of the money.

[Agbamoni]

You should know better that the condition for retirement for different people differs and while some might be a function of how much they have acquired, others might be the lives they have touched and how much they have contributed to humanity that stands to speak for them even after they are no longer actively working. Holding bitcoin doesn't affect one's activeness in work. You can hold volume of bitcoin and still hold the most active position in the country. The simple reason is that you're not exerting any energy to holding bitcoin and wether you're a million dollar richer, it's not supposed to be a reason to completely stop working.

The reason why you should retire is so that you don't get to work any physical work. If you become a lot richer through Bitcoin it will be wrong to retire instantly. The point is, what's gives you the value of your Bitcoin is by the amount you own not with the current value of it. If you own 5 bitcoin and become a millionaire when the price goes up, then you retired it will take you few years to use all the money when you don't have something else. But if you take 1 Bitcoin and venture into another business or investment that gives you huge returns, you can grow with that and retire after a few years, thus you don't have to tamper your Bitcoin even at retirement.

[Marykeller]

$1 million is a huge amount to get someone established for life, but I don't think the hustle for more money will end there when you have $1 million. You would like to owe up more wealth to build castles for yourself, have the best of life, and have several investments for yourself and your families. That wouldn't be done just alone without the intention of taking charge of it, to monitor the inflows and outflows of the business for multiple gains and resources.

We humans are in the habit of making money even when we have enough. We want more of the things we have, to stay in charge, to multiply the money we have. Not to sit back with a huge money in our hands, not doing anything with it.

[Cityhunter34]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire.  

I think everything about Bitcoin investment is about personal decision. Because each and everyone of us here have different target, but even as that I don't really think a good investor would have such thought of retirement from his own work when Bitcoin Hit $1 million. Unless you are not comfortable with the work you are doing, if not there is nothing wrong when someone is working and also investing.

[Stable090]

I think everything about Bitcoin investment is about personal decision. Because each and everyone of us here have different target, but even as that I don't really think a good investor would have such thought of retirement from his own work when Bitcoin Hit $1 million. Unless you are not comfortable with the work you are doing, if not there is nothing wrong when someone is working and also investing.

The amount that the OP mentioned is kind of huge, but I agree with you that everyone  investing in bitcoin is having their own personal decision, everyone is having target of when they are planning to sell their bitcoin. I don’t think we are suppose to retire from bitcoin even when bitcoin hits a particular price, but am sure most people will end up selling some of their bitcoin which is normal, we can’t be holding bitcoin forever, time will come when we will be selling even when we are comfortable with our work, but all I know is that not everyone will be selling everything, and as people are selling, people will definitely be buying back.

[Solosanz]

Retire is a huge privilege.

You can't know what will happen in the future.

Example now you're single, you only fund your parents, you know the average monthly spending you need and everything including the money you usually send to your parents.

What if you get married? what if you have a baby? etc, you no longer thinking about retire, except you run a business and it grows.

You will think you have to work everyday until you die.

[Cryptoprincess101]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

Retiring from accumulating or selling off one's Bitcoin? Anyways retirement will depend on when am satisfied with the amount I have in my portfolio and it doesn't mean I won't be holding any Bitcoin again, maybe I won't be accumulating much anymore or my decision to retire might depend on my age, even if the price hits $1 million dollars and I still see the need to accumulate more Bitcoins, I'll continue. Bitcoin is a Valuable and cherish asset, if the price hits $1 Million, selling at that time might be ridiculous, it's better it remains as a store of value and if probably it becomes adopted globally, I can still use part of my Bitcoins to acquire valuable real life assets.

[EarnOnVictor]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still

Bitcoin hitting $1m is overemphasised in our minds/views than it is in reality and there are some factors that would determine if you would truly be blessed or if it's even worth it if that happens.

Consider these factors:

1. Amount of Investment: You can't invest a little and believe Bitcoin will make you rich. Buying it at $100k with $100 can only deliver $1,000 when it hits $1m. So what?

2. Striking Price: Buying it at a lower price means money. Congratulations to those who bought it below $1k. They are the real big bags then.

3. Year of hitting the level: It will certainly not be worth it for many if it hits the level in 10 years or more (I see Bitcoin taking longer). Many would have made many times more than the gain with business, deals and other engagements.

[Mastercon]

Probably,
You control your money. you decide what Bitcoin is. that's what it's all about - no one decides for you. if you run code that agrees with others, you are part of a network.

They don't want to hear dissenting opinions from anyone, they aren't interested in having their biases illustrated for them. They frequently take this out on any dissenter, regardless of merit. For example as relates to taking over his own repo and translations from him. I'm not against corporations holding bitcoin as long as they aren't leveraging but some of these products are not only scammy but marketed as an equivalent or better than holding actual bitcoin. Bitcoin isn't money and shouldn't be used as money. Says people shouldn't self custody. Says people should go into dangerous levels of debt and risk their entire lives by gambling on the top of markets. Markets are irrational and bitcoin is one of the more irrational out there, trying to rationalise an irrational system is gonna get you hurt. I wish i was allowed to discuss a specific stablecoin here, i see a real trojan horse brewing one that could really bring the demise to the usd and a bitcoin standard. The exchange takes your bitcoin, goes to the Cayman Islands and buys exotic things, and then declares bankruptcy, has happened many times already. Only lend to family members and only if necessary.

[CryptoBuds]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

What guarantees that bitcoin price will hit $1 million in the future? Have you ever thought, if BTC never reaches 1 million or it takes 50 or 100 years to reach this number, what will you do? Nothing is certain.
Not to mention, even if bitcoin price hits $1 million and you only have a negligible amount of bitcoin, how will you retire?

Bitcoin is a potential asset and it is not a bad idea to include it in our retirement plans, but it would be a bad idea to rely entirely on a new and volatile asset like BTC and dream, it will help us retire. Instead, prepare for retirement by working hard, earning a lot of money, accumulating and diversifying assets...and only retiring when we have achieved our set goals.

[madnessteat]

$1 million is a huge amount to get someone established for life, but I don't think the hustle for more money will end there when you have $1 million. You would like to owe up more wealth to build castles for yourself, have the best of life, and have several investments for yourself and your families. That wouldn't be done just alone without the intention of taking charge of it, to monitor the inflows and outflows of the business for multiple gains and resources.

We humans are in the habit of making money even when we have enough. We want more of the things we have, to stay in charge, to multiply the money we have. Not to sit back with a huge money in our hands, not doing anything with it.

I agree with you. Look at the billionaires. With huge sums of money enough to provide a trouble-free life for several generations, they still continue to work. Of course, they do not work as store clerks and laborers, but they still do not sit idle. Most likely it is because most people always have a desire to earn even more. Probably the multiplication of money becomes the meaning of life for them. At least I think so.

[Altryist]

What guarantees that bitcoin price will hit $1 million in the future? Have you ever thought, if BTC never reaches 1 million or it takes 50 or 100 years to reach this number, what will you do? Nothing is certain.
Not to mention, even if bitcoin price hits $1 million and you only have a negligible amount of bitcoin, how will you retire?

Bitcoin is a potential asset and it is not a bad idea to include it in our retirement plans, but it would be a bad idea to rely entirely on a new and volatile asset like BTC and dream, it will help us retire. Instead, prepare for retirement by working hard, earning a lot of money, accumulating and diversifying assets...and only retiring when we have achieved our set goals.

You will not be able to just retire and do nothing while you are young because it is very boring. You will still want to do something, look for some investments, maybe start a business or something like that. But it will definitely give you a chance to quit a regular job you do not like. So if investing in bitcoin can help you achieve that, then why not.
I quit my regular job a long time ago and started doing business, but I have no desire to stop everything and retire. I always want to be involved in something, to do more, to earn even more, so even if bitcoin reaches a million, I will still keep doing what I do.

[sunsilk]

I am getting tired of all of the noise about my surroundings and all of the obligations that I need to adhere. As much as I want to retire, I'll still do some minimal work that will still continue to give me cash flow.

And with the use of my profit if Bitcoin reaches $1M, I'll try to make sure that I won't be working too hard anymore while continuing to receive some passive income from the investments that I'll do from the profits.

But I will have fun for sure with that money if ever we come and see to that point for BTC.

[coyhasmon]

Retire is a huge privilege.

You can't know what will happen in the future.

Example now you're single, you only fund your parents, you know the average monthly spending you need and everything including the money you usually send to your parents.

What if you get married? what if you have a baby? etc, you no longer thinking about retire, except you run a business and it grows.

You will think you have to work everyday until you die.

If you think like that then working at your same old job is also bad since you don't know what will happen. Plenty of people have retired early and retired successfully. That is why you make proper plans and think a lot about it before you do something like this.

I am getting tired of all of the noise about my surroundings and all of the obligations that I need to adhere. As much as I want to retire, I'll still do some minimal work that will still continue to give me cash flow.

And with the use of my profit if Bitcoin reaches $1M, I'll try to make sure that I won't be working too hard anymore while continuing to receive some passive income from the investments that I'll do from the profits.

But I will have fun for sure with that money if ever we come and see to that point for BTC.

Have good fun, but don't waste it on luxuries or stupid stuff. What I see a lot of people waste the money that they make in crypto, just open up twitter and look at what people are doing.

[Fivestar4everMVP]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?
Asking this question because of what i saw in a friend portfolio and he claimed if it later reaches certain amount he will finally retire. 

If I hold 1 bitcoin or more and working for any company, either public or private, I would have retired by now to set up my one business, I can't have over a hundred thousand in dollars and continue to work for someone and for monthly pay, I am better off running my own business and trying to grow it into an empire that will employ and pay thousands of workers in the near future.

But if I am running my own business already, then I am not retiring even if and when the price of Bitcoin hit a million dollars, I will continue to work in my company, use part of the money made from bitcoin to further grow my company by establishing more branches in different places and towns, I will continue to work until I am not able to work any more, because retiring too early can make life really boring for my kind of person.

[Awaklara]

if $BTC later reaches $1 million, will you retire from your work or still continue to work?

If your friend decides to retire and enjoy the money from selling the Bitcoin he owns for the rest of his life, that means the profit he gets is certainly very large.
I might keep working or building my own small business rather than retiring by spending all the money I make from long-term investments for living expenses. The needs of old age may not be as much as when we are still productive in making money, but when life experiences some problems, it can be related to health, which will also require a lot of money.
As long as I can still be productive in making money, then I will work. Either as an employee or with my own business. Everyone has a moment to enjoy their retirement.

[dunfida]

What guarantees that bitcoin price will hit $1 million in the future? Have you ever thought, if BTC never reaches 1 million or it takes 50 or 100 years to reach this number, what will you do? Nothing is certain.
Not to mention, even if bitcoin price hits $1 million and you only have a negligible amount of bitcoin, how will you retire?

Bitcoin is a potential asset and it is not a bad idea to include it in our retirement plans, but it would be a bad idea to rely entirely on a new and volatile asset like BTC and dream, it will help us retire. Instead, prepare for retirement by working hard, earning a lot of money, accumulating and diversifying assets...and only retiring when we have achieved our set goals.

You will not be able to just retire and do nothing while you are young because it is very boring. You will still want to do something, look for some investments, maybe start a business or something like that. But it will definitely give you a chance to quit a regular job you do not like. So if investing in bitcoin can help you achieve that, then why not.
I quit my regular job a long time ago and started doing business, but I have no desire to stop everything and retire. I always want to be involved in something, to do more, to earn even more, so even if bitcoin reaches a million, I will still keep doing what I do.

Even myself would be that still wanting to have a job even if it would be able to hit up $1M per coin. We do know that on the time that it do hits up then even just having 1 Bitcoin here in our country would be only that sufficient enough for you to retire for good. The only question on here is if it would definitely happen? Well, to assume out then tons of people will become millionaire specially to those who do hold up 1btc.
Just like you've been said that it would be that too boring if we do just that simply be at our own home without a job and staying up all day on which I dont see for it to be appealing. I might hate up my job because of having that dealing up with daily commute or doesnt want to see my boss face on everyday but still it wont be that a complete reason for me to quit. I would still continue but of course having no stress that you might lose your job on not doing your best when you do go to work. 

How'd we wish that we do able come into a point that we would be able to hit up these numbers or even lets say that we do become rich on which we would be that totally almost removing all the potential problems that comes into our life. We do know that on the moment that you do become rich then it will be giving out that kind of condition that you are on less stress just because you do know that you could be able to sustain yourself since you are financially capable in comparing when you dont have the money then almost all the stress you do have could be in your life. So we are that thriving to have that tons of money for us to get rid of those problems.

[sunsilk]

I am getting tired of all of the noise about my surroundings and all of the obligations that I need to adhere. As much as I want to retire, I'll still do some minimal work that will still continue to give me cash flow.

And with the use of my profit if Bitcoin reaches $1M, I'll try to make sure that I won't be working too hard anymore while continuing to receive some passive income from the investments that I'll do from the profits.

But I will have fun for sure with that money if ever we come and see to that point for BTC.

Have good fun, but don't waste it on luxuries or stupid stuff. What I see a lot of people waste the money that they make in crypto, just open up twitter and look at what people are doing.

Yes, I know, right. Spending it on useless and stupid stuff is mostly a waste of money and that's why I won't be doing that. Those that like to brag with whatever they buy with that is just doing it for the clout.

They don't think of how comfortable they are right now and who knows what might happen next. And that's why if someone is able to make money from crypto or just an example, me.

I won't let the others know that I was able to but there will be signs. 

[madnessteat]

I am getting tired of all of the noise about my surroundings and all of the obligations that I need to adhere. As much as I want to retire, I'll still do some minimal work that will still continue to give me cash flow.

And with the use of my profit if Bitcoin reaches $1M, I'll try to make sure that I won't be working too hard anymore while continuing to receive some passive income from the investments that I'll do from the profits.

But I will have fun for sure with that money if ever we come and see to that point for BTC.

That's right. Money allows people to earn money doing what they really enjoy, rather than working somewhere where they constantly experience negative emotions and only work to earn money to survive. Bitcoin and other cryptocurrencies have helped many early investors radically change their lives for the better. When the price of Bitcoin reaches $1 million, I am sure that there will be many more free and happy people than there are now.

[YOSHIE]

This question is for those people holding $BTC and other huge crypto assets. if $BTC later reaches $1 million, will you retire from your work or still continue to work?

All thoughts are true, back to each of them, as far as I know humans are never satisfied what they have gained, we have seen a lot even though they have Packing the wealth of billions of business dollars their business continues, for example Elon Musk, whether he once said retirement, no, continues to work.

Considering the current Bitcoin price and if you buy the price of 5-10 years can reach $1 million, how many BTCs you have, I'm sure at least 1-2 Bitcoin means wealth is only $2 million, and even then not yet cut into capital.

For me there is no retirement, while I can still work in the crypto market I continue to work, even though the price of Bitcoin reaches $2 million, I think there is no retirement in the world of crypto.