Post
Topic
Board Speculation
Re: If bitcoin rose to $1M, what you do?
by
praprata
on 06/10/2016, 07:49:26 UTC
Everybody states how they will sell their coins, but well before the price reaches $1,000,000, there would probably be a large amount of merchants accepting bitcoin due to its popularity. Why sell what you can use directly? Either bitcoin is used worldwide and is the top currency or everything else has inflated to such extremes that bitcoin is the only reasonable option in the event that the price reaches that high.

Even if starts getting accepted everywhere people will prefer to sell them as they also need physical money in their daily lives, and with real money you can invest them anywhere you want.

Yeah indeed it's something that is very true. everyone would prefer to replace the bitcoin it brings into the physical form of money. because it is now only a small part of the offline or online stores accept bitcoin, so it will be very difficult for us to do something with that much amount of money
Everybody would trade in there Bitcoin because nobody would refuse to sell there Bitcoin for a million. I do not think that it is ever going to happen.
It would take a very long time for the Bitcoin to reach a million.