To sell or not to sell: Redditors debate the moment Bitcoin hit millions of dollars

A Reddit thread exploring whether bitcoin holders are selling at $1 million suggests a divided but realistic community weighing financial goals, inflation risks, and long-term confidence in the leading cryptocurrency. Bitcoin holders divided on $1 million exit strategy A recent Reddit discussion in r/bitcoin delved into the hypothetical scenario of bitcoin ( BTC ) reaching $1 million, sparking debates about selling strategies, inflation, and the cryptocurrency's future role. While responses vary, there is a clear consensus: most users prefer long-term holdings over cash withdrawals, although tactical selling for specific needs or retirement is a common theme.

Timing and inflation are important factors. One user noted, "If [Bitcoin] hit $1 million tomorrow, I'll definitely sell some. If it reaches that level in 15 years... then I probably won't sell," emphasizing that the purchasing power of fiat currencies is decreasing over time. Others warned against converting bitcoin to dollars, calling it a "melting ice" compared to bitcoin's state of hard money. "Why would you exchange $2 million in healthy money for $2 million in fiat money?" another asked.

Retirement planning promotes pragmatic approaches. Some users have vowed to sell the part to ensure financial independence, with one declaring, "I will sell as needed... not before a minute." Others advocate collateralizing bitcoin rather than selling, citing future profit opportunities: "It's capital forever, not trading." Speculation about mainstream institutions and governments adopting bitcoin also influenced opinion. Many predict that for $1 million, bitcoin will be a global reserve currency, allowing the direct purchase of housing or services without having to convert to fiat currency. "No Neo, when you're ready, you won't have to," one user commented, taking advantage of the comparison to the movie The Matrix to expect wider utility. Strategies such as dollar-based cost averaging and partial selling are very popular. "I sell 50% of my coins every time it's worth $100,000," one trader shared, while others vowed never to sell the whole thing: "NEVER sell my bitcoin... My grandchildren can sell if they want." The r/bitcoin chain emphasizes a balanced community between realism and idealism, along with some wild speculation. While some admitted selling out of urgent need, the majority of the more than 75 responses tended to hold, due to mistrust in the fiat currency and belief in bitcoin's transformative potential. As one user put it succinctly: "You're not selling. You wait until it becomes the main currency."