Quote from: 24Kt on Today at 09:33:40 PM

Quote from: Upgrade00 on Today at 09:27:34 PM

Quote from: Jds1990 on Today at 03:48:36 PM

reading a few articles online saying how it is possible for Bitcoin to reach $1,000,000 in years to come.

Firstly, the decision to invest solely yours and you should do your own research if you consider a coin valuable. Everyone has an opinion on what they think the price should be, and if you have been hesitant about putting money into BTC, do not change your mind simply because some blogs wrote that it could reach $1 million.

What do you look for in a coin? profits? usability? others? If you dabble in and buy without understanding what you are investing in, you will likely sell at a loss once the price dips, which is inevitable with the market volatility.

Everything is possible in this market, however, the big question is when will it happen? Can you wait long time and hold your stash for unspecified period of time? So the happenings in between will really depend on your priorities here. It may or may not happen during your lifetime. But what will you do while waiting for that situation to happen? So if you believe btc can attain that level, now is the opportunity to accumulate more, right?

That's what's interesting about Bitcoin, with a limited supply and demand that continues to increase every year, Bitcoin may reach a price of
$ 1 Million. But it will take quite a long time, because it is not easy for Bitcoin to reach the price of $ 1 Million, great support is needed to achieve
this target. Maybe if many countries have legalized Bitcoin as a legal tender, the target of $1 Million is reached faster. This means that we really
have to prepare from now on, we need to collect as much Bitcoin as possible, so if the target of $ 1 Million is achieved we already have quite
a lot of Bitcoin and can generate very large profits. That's why Bitcoin is great for a long-term investment, because its price will go up very high
in the future.