Post
Topic
Board Speculation
Re: 1 Bitcoin Worth Is 1000000$
by
lordquanta
on 24/02/2017, 10:33:07 UTC
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...

First sentence could not be more incorrect.
* If nobody is selling bitcoin then who will buy them.
* If everyone start to sell bitcoin at $1Million then would not that be classic example of dump?
* bitcoin price reached barely ~$1200, already speculating about it reaching 1Million mark?  To quote Shakespeare
"There are more things in heaven and earth, Horatio,
Than are dreamt of in your philosophy. "
- Hamlet (1.5.167-8), Hamlet to Horatio

* At this ATH there are signs of more volatility in bitcoin price than getting to the stability. Just check how much swing is there.
* Not to sound pessimist but be aware of 'pump and dump' situation. Right now pump is at peak, wait for dump.