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Re: If bitcoin rose to $1M, what you do?
by
socks435
on 12/10/2016, 18:33:08 UTC
Quote from: peta4e on October 12, 2016, 06:18:56 PM
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Direct opposite of https://bitcointalk.org/index.php?topic=1438622.0

If bitcoin rose to $1M, what you do?

I personally would sell maybe 0.00001 BTC (about $10 if I'm not mistaken).

I would have committed suicide because at 10k I would have spent all my bitcoins. I will be full of regrets not holding even just 1 btc. Seriously, I do not think that will happen. Gold has been here longer and its price is just over 1200$.

Yeah no one will prefer to hold their coins that long and I am sure that most of the users will sell their coins when they will see the price of $1k in coming years and grab the profits.
but i am not going sell even if the price reach to 1K. Because to me the price is really going make a new historical record and we are going to see the price above 1200 USD at the end of this year or just in start of next year.

That is just pure speculation and wishful thinking. There is even no sign up to date that suggests that it will break new all time high this year or early next year. I would like that to happen but I am just realistic. And if it happens, then I think it is pure manipulation.

Well everyone can speculate and have a wishful thinking, so let them be happy with their wishes Cheesy.  As for the manipulation, I don't think it is easy to manipulate bitcoin now because of the currently available numbers of bitcoin that is circulating in the market.  I think it is a natural growth if it hits 1.2k used this time Cheesy

That price is expected to achieve in the next year but it can reach there only if there is mass adoption and big investors investing their fresh money in bitcoin.
For now even more adoption and big investors will come right now that price is impossible to reach.
If every each of one in the countries are using bitcoin maybe it can be happen.. but right now it is hard to convince people to use and to invest in bitcoin.. since they are afraid of scams


I think we should find out the solution to get rid from scams and if it continues then it can affect adoption level badly which won't be good for the better future of bitcoins.
That is a big problem because we can know those scamers and ponzi owners they are privately protect their identity. if there is a new device made online to trace those scammers we can easily report them. according to google they can trace us. and they know what we are doing. according to them so i think google can help us about for those scammers..