We always ask why Bitcoin price goes down or up?
But most important thing that we don't understand is that we control Bitcoin price.
You control Bitcoin price!
No Banks, No goverments...
If we all would decide to not sell Bitcoin in exchanges for less than a million Bitcoin would worth 1 million.
My message is that if you want Bitcoin price to become one million don't sell it cheap at exchanges it worths much more...
That isn't how it works. We can't just start selling Bitcoin for a million dollars and expect people to buy it. If Bitcoin is really only worth 1.2k, then why the hell would anyone, in the right state of mind, buy Bitcoin for 1 million dollars. It just doesn't make sense. We are not the only people who control the price, there are a lot of things that add together to make the value of Bitcoin.
Bitcoin cost was 0.10$ cents now 1300$, why they should pay 1300$ instead of 0.10$ cents?
Because Bitcoin now worth more than cents, same would be with the million.
If Bitcoin costs a million, then it really costs a million.
I think what op meant in his post is that if nobody sells, bitcoin will reach a price of one million dollars per bitcoin one day.
Not that there are people out there, stupid enough to pay a million per bitcoin today.
Op's theory is that we dictate the price by not selling.