Quote from: jasonjm on April 29, 2021, 03:11:26 PM

Quote from: Abiky on January 01, 2021, 06:17:17 PM

Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks.

If BTC hit $1M then it is obvious that the price will go higher, will hold some amount of BTC and cash out few for offline investment i.e. buying the house etc.

It that was the case it would be very foolish to "cash-out". Rather, the logical way to "buy the house" would be to retain the BTC but mortgage it as a security and then use the fiat cash received to buy the house.