Quote from: Lanatsa on February 29, 2024, 06:47:17 PM

Quote from: fuguebtc on February 29, 2024, 03:38:36 PM

Quote from: wxa7115 on February 28, 2024, 09:28:17 AM

Quote from: fuguebtc on February 26, 2024, 10:09:19 AM

Bitcoin rose from under $1 to $69k without any approval or legal tender from the government. So on what basis do you think that whether bitcoin reaches 1 million USD or not depends on the government? Governments are indeed the biggest barrier slowing the spread of bitcoin, but they are not the main factor or catalyst that helps bitcoin value increase. Bitcoin once rose to $69k from zero without the government, it will be able to do it again to reach $1 million without government help. If bitcoin receives support from the government, it will help bitcoin reach $1 million faster, but if not, bitcoin reaching $1 million will still happen over time.

Bitcoin reaching one million per coin will happen at some point on the future, what we do not really know is when it will happen and the circumstances surround it at the time.

Besides while reaching such a milestone will be important, just as reaching five figures was during the 2017 bull run, at the same we must not content ourselves with bitcoin just reaching the price level, as I think it is way more important for bitcoin to remain above that level, and that will take longer than just reaching it.

If demand for bitcoin increases steadily, it is only a matter of time before it reaches $1 million, and it is normal for it to remain above $1 million or higher as long as demand for it remains . But what I want to say here is that I disagree when he says that whether bitcoin reaches 1 million USD or not depends on the government . That's not entirely true, the value of bitcoin will depend on our demand and the government cannot stop the demand for bitcoin. If they could stop bitcoin, they would have done it a long time ago, not wait until now .

These things on what it makes could possibly be able to hit up those numbers but it would be always better that you shouldnt really be making yourself that too optimistic
so that you wont really be ending up on getting disappointed because this is where people do really think up. Be realistic at least.
If you do believe that it could reach out into those numbers then it would really be that best that you should be accumulating as much as you could.
It all matters on the actions that you would really be taking. Each one of us does have that diferent ideas in mind or approach on things.

I predict and believe that bitcoin can reach 1 million USD in the future but that doesn't mean I will accumulate and hold it until I reach that goal. Our lives have more important things to pay attention to, and investing is just one part of our lives. So I will sell my bitcoins at the right time to serve my life and will buy back when the opportunity arises.

Additionally , what I care about when it comes to financial markets is volatility, not the highest price it can reach. For me, as long as bitcoin's volatility persists, I always have a chance to profit.