Quote from: DanWalker on Today at 08:02:59 AM

Quote from: kentrolla on February 24, 2024, 10:06:18 PM

Quote from: Nrcewker on February 22, 2024, 12:30:51 PM

It will definitely hit 1M, but yes we just don’t know when. It can happen in 1 year or 10 years also. Everything depends on the demand raised by the people to accumulate the coin. Few years back no one thought Bitcoins will cross 1000$, but currently Bitcoins have become the most valuable digital asset. So we just need to keep calm and show faith in the coin. Just accumulate and hold it for few years. Definitely you will see the profits.

Most of us knows that Bitcoin will hit $1M but the real question which no one could answer is when? When would it hit that figure? Because people are impatient and even if they know that Bitcoin will touch $1M in ten years and if there is a slight drop in price they would end up selling out of panic. I don't think most of us would hodl Bitcoin from now until $1M. Best would be doing DCA until it reaches $1M but with our own deadline as we might not be able to wait our whole life.

If bitcoin can maintain its growth rate, it is entirely possible for bitcoin to reach $1 million. But you are right, the problem here is that not too many people will be able to hold bitcoin until it reaches 1 million USD because we all need money for our lives. Our goal when investing in bitcoin is to find profits to serve our lives, so when we need money we will have to sell it.

Also, I want people to realize that even if we cannot hold bitcoin until it reaches $1 million, we should still invest in it even if it is worth $1 million. As long as bitcoin is volatile, we still have the opportunity to profit from it, so I hope newbies understand this well enough to know that it is never too late to invest in bitcoin.

For having the supply is limited for people to acquire globally for sure this 1 million price target would provably get achieve knowing that there's a lot of people around the globe that provably ready to acquire once this is been legitimized by their government and call it as currency or good investment to anyone. Bitcoin is always volatile and I think the only way it can reach into that goal is if there's a lot of demand will pass thru the market and there will be a big hype will be created with some news then maybe that trigger for a bull run that can possibly help the price to reach at that 1m level.

Hopefully we can make them understand that there's nothing called late in bitcoin since they could able to decide on when they want to enter and at what figures they are comfortable to start with.