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 don't think it works that way because if we all decide to sell at that price ($1million) and the Altcoins which are capable of offering the same services as Bitcoin on the blockchain is selling at say 10$ give me a reason why they would opt for Bitcoin ahead of the other potential Altcoins?