Ninjastic
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Re: If bitcoin rose to $1M, what you do?
by
abayan
on 13/10/2016, 09:30:03 UTC
Quote from: JumperX on October 13, 2016, 09:10:33 AM
Quote from: coinoclock on October 13, 2016, 08:36:01 AM
Quote from: terman45x on October 13, 2016, 08:21:15 AM
Quote from: newcoins1978 on October 13, 2016, 08:12:34 AM
Quote from: pandalion98 on June 18, 2016, 12:58:06 PM
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).
If that would happen then of course OI would sell all of my Bitcoin at once because there is no reason to be waiting for the Bitcoin to still get higher.
I think that not only me but everybody who own a bitcoins would sell it.

Correct and I don't think that there is any point in holding them at stage, so it would be a good decision to sell all coins that we have and enjoy the life and say good bye to bitcoins.
but you do realise that bitcoin would be most likely accepted everywhere at this point (how else could it reach $1M) and selling bitcoin would be not a smart idea and also saying goodbye to bitcoin impossible since some services would be only payable in bitcoin. 

That is unlikely to happen that services won't accept fiat and only bitcoins, even if price reaches to millions the demand of fiat would be still there and accepting payments in bitcoin would be secondary.

You are right! Bitcoin is the second option though it has a high price because not all know bitcoin and recognizes it unlike fiat they will choose it or prefer it than bitcoin but as a bitccoin user we are happy if the price reaches because we can be rich from it. Cheesy