Post
Topic
Board Speculation
Re: All these people claiming 1 BTC = 1 million+
by
stylin
on 20/03/2014, 23:45:00 UTC
I just find the whole thing ridiculous. I hope im wrong and we all become rich, but the story about holding 1 BTC and waiting to be a millonaire sounds so ridiculous to me. And they could play the "the end of the world is near" card, and keep people waiting forever.


The thing is, tons of people (myself included probably) would sell before Bitcoin reaches a million. It truly takes balls of steel to hold. What if Bitcoin went to 20k, then dropped to 10k? You better believe tons of people would be selling off and locking profits (and don't say you won't, because the truth is you never know what you'd do until you're put into that situation).

BTC going to $1million wouldn't make us all millionaires. I would be willing to bet that only a small portion of us, say 5%, would become millionaires.

Also, as the above posts mentioned, there is always the chance of the US dollar inflating so that BTC does reach a million... but it wouldn't be in today's dollars Wink