When Bitcoin hits 1M it’ll be a completely different asset
It’ll be like gold or a house which barely appreciates compared to smaller risk on assets
Successful_Ad_380 on
There will always be sellers and buyers.
elec7ronic on
They question is not if, but when. Of course, there will be huge sell offs along the way, just as it was at 124K. Bitcoin can’t always go up, but in 10-15 years is feasible to see a price of 1M
Klatty on
It’ll be a new set point as we see now at 100k, yes lots of people will sell, but tons will see it as an opportunity to buy and chip in if it goes below 1m again, so it’ll be hovering for a while for sure
blademaster8466 on
Yes it will, like 100K. But we have passed 100K.
MiceAreTiny on
If it hits it this year, yes. If it hits 1M somewhere in the next decade, then it will be normal business. Some people will take profits, some people will invest more.
Which_Weakness4565 on
Some will sell to fund their lives.
The clever ones will borrow against it.
Buy, Borrow, Die.
ExcellentWolf on
Could we please hit $150,000 first? Soon too, soon would be nice. Christmas present?
szansky on
i doesn’t matter bro cuz all guys will treat that 1MLN as 100K they did
memecoin_maverick on
If Bitcoin hits $1M, a short-term sell-off is likely, but a major crash is unlikely.
Short-term traders will take profits.
Long-term holders and institutions will keep holding (long-term perspective).
History shows each cycle establishes a higher floor.
A temporary dip is possible, but a massive sell-off would only happen if fundamentals weaken.
CryptotierX on
After reaching a price of $1 million, interest in Bitcoin will increase even further among both professional investors and ordinary people.
Cormyster12 on
“breaking news bitcoin is dead as it falls below 1 million”
Turbulent-Tune-5783 on
yes for sure
Charming_Sheepherder on
There will be sell offs all the way there
Romanizer on
Yes, same as $100/10,000/100,00 before and milestones afterwards. It is just a psychological thing of big round numbers.
The question is what happens afterwards? Will we see a selloff for every million mark or by tenfold increases?
15 Comments
When Bitcoin hits 1M it’ll be a completely different asset
It’ll be like gold or a house which barely appreciates compared to smaller risk on assets
There will always be sellers and buyers.
They question is not if, but when. Of course, there will be huge sell offs along the way, just as it was at 124K. Bitcoin can’t always go up, but in 10-15 years is feasible to see a price of 1M
It’ll be a new set point as we see now at 100k, yes lots of people will sell, but tons will see it as an opportunity to buy and chip in if it goes below 1m again, so it’ll be hovering for a while for sure
Yes it will, like 100K. But we have passed 100K.
If it hits it this year, yes. If it hits 1M somewhere in the next decade, then it will be normal business. Some people will take profits, some people will invest more.
Some will sell to fund their lives.
The clever ones will borrow against it.
Buy, Borrow, Die.
Could we please hit $150,000 first? Soon too, soon would be nice. Christmas present?
i doesn’t matter bro cuz all guys will treat that 1MLN as 100K they did
If Bitcoin hits $1M, a short-term sell-off is likely, but a major crash is unlikely.
Short-term traders will take profits.
Long-term holders and institutions will keep holding (long-term perspective).
History shows each cycle establishes a higher floor.
A temporary dip is possible, but a massive sell-off would only happen if fundamentals weaken.
After reaching a price of $1 million, interest in Bitcoin will increase even further among both professional investors and ordinary people.
“breaking news bitcoin is dead as it falls below 1 million”
yes for sure
There will be sell offs all the way there
Yes, same as $100/10,000/100,00 before and milestones afterwards. It is just a psychological thing of big round numbers.
The question is what happens afterwards? Will we see a selloff for every million mark or by tenfold increases?