Greetings all. I'd like to know what you would do if your bitcoin did one of the following, as I am a little confused about what I'll do myself...
What would you do if:
Bitcoin hit $1,000,000:
Bitcoin hit $1,000 again:
Bitcoin stayed where it was:
Bitcoin became worthless, or a few cents:
And which of these do you think is most probable?
Thanks for your opinions,
-Lags
Bitcoin hit $1,000,000: I would invest some in other businesses not related to bitcoin like the traditional businesses and invest in stock market, I would tour around the world and the others I would retain for rainy days.
Bitcoin hit $1,000 again:I still have profit if it hit $1,000. I may have accumulated a significant amount of bitcoin already so I would convert some to fiat and then start another business and some I would still hold because maybe it will increase again in value.
Bitcoin stayed where it was: I would encash some to fiat and then still invest in other investment vehicle.
Bitcoin became worthless, or a few cents: I would just move on and forget about it. Maybe it will increase in the future so I will just wait.
The most probable for me that will happen is it will hit $1,000 again.