Bitcoin price hits $100 000 in 2017 | Bitcointalksearch.org

rjclarke2000

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Quote from: Biodom on November 19, 2016, 05:53:32 PM

Quote from: rjclarke2000 on November 19, 2016, 05:37:46 PM

100k?

Not a chance.....but if it did I would be retiring 30+ years premature for sure.

I agree that 1k would be a good target for 2017.

what is good about retiring at 30-35, unless you absolutely hate your job.
Retiring at 30=life filled with boredom.

Ok, I should rephrase and say that I would continue my passion of building, renovating and wiring houses but for myself and my own properties instead of Mrs bloggs house down the road. I am my own boss now but I dream of working on my own projects for myself.

Still a job, yes....but not working at the coal face so to speak.

Biodom

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Quote from: rjclarke2000 on November 19, 2016, 05:37:46 PM

100k?

Not a chance.....but if it did I would be retiring 30+ years premature for sure.

I agree that 1k would be a good target for 2017.

what is good about retiring at 30-35, unless you absolutely hate your job.
Retiring at 30=life filled with boredom.

rjclarke2000

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100k?

Not a chance.....but if it did I would be retiring 30+ years premature for sure.

I agree that 1k would be a good target for 2017.

JimboToronto

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You're never too old to think young.

I won't comment on the ridiculousness of $100k in 2017 but if it reached say $10k by 2020, I'd probably spend a few coins to buy some dollars to trade for what I couldn't buy with bitcoins.

The rest would stay where it is now, safe and sound in offline wallets.

sakinaka

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Nothing, absolutely nithing, would be big enough for such a price to be reach in the next year. Even all the economical crisis that happened thought the history reunited wouldn't be enough.

rally

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Quote from: hawkins on November 19, 2016, 02:08:55 PM

although not impossible, but in reality it is a difficult thing to achieve bitcoin in 2017. Well, I guess there is no potential in 2017 which could lift the price of bitcoin be $ 10,000, especially if the price of bitcoin be $ 100,000. Well, the expectation was too high, I just hope that the price of bitcoin in 2017 can be stabilized at a price of $ 1,000 or more

100000 is indeed much too high. But around 1000 should be possible i think. If you see that the price went the last months up to a good 700.
But if one day (you never know) we reach the 100000. I think i should sell 1BTC and buy some presents for myself and my kids. Things i don't have the money for at this moment. I should be great. The rest i should keep for ... you never know where we arrive.
Maybe if Trump brings out some good news around bitcoin. Than everything is possible.

Biodom

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Quote from: OROBTC on November 18, 2016, 10:38:04 PM

...

It is extremely unlikely that Bitcoin could reach a price of over, say, $3000 in 2017.

There are way too many people who would sell at $1200 - $1400 (over its previous all-time high) vs. potential new buyers. I see nothing in the current dynamics of BTC mining, BTC demand, and BTC acceptance by merchants to give me hope of a huge & majestic move to very high numbers in a year or so.

However...

It is very possible that in the next 2 - 5 years (or so) that BTC demand could take off as more people get into it (and we hope) more merchants will accept BTC as payment. The long-term prospects are not bad at all (that assumes, of course, that BTC does NOT have a fatal flaw nor that a new coin does not destroy it).

$100,000 per Bitcoin could come, but not until demand goes UP and the mining reward gets slashed in half again. But, this is all unknowable...

Of course, 100K in 2017 is unrealistic, but quite possible in the log run.
At 100K, bitcoin would still be just 29% of gold above ground value.
I am sure that sidechain could be developed for everyday transactions.
say, "coin" or "btc light" exchanged at fixed 1:100000 to btc.
Then, such "coin" would be $1-a practical value for everyday purchases.
You would have 10-200 coins on your phone.
BTW, I am fully ware about bits (1:1000000), but they are smallish.

lolikop

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Op is on bath salts 100k? Lol maybe in 3017 we can see that price in the cementary

ArdiPrabowo

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Quote from: hawkins on November 19, 2016, 02:08:55 PM

although not impossible, but in reality it is a difficult thing to achieve bitcoin in 2017. Well, I guess there is no potential in 2017 which could lift the price of bitcoin be $ 10,000, especially if the price of bitcoin be $ 100,000. Well, the expectation was too high, I just hope that the price of bitcoin in 2017 can be stabilized at a price of $ 1,000 or more

iam aggre with you about say bitcoin price in stable 1000dollar in 2017
but your say bitcoin price can incraese to 10k or 100k every one bitcoin posible (not imposible your write, is good site is nothing imposible)
iam say very imposible only speculation without analys if bitcoin price can reach to 100k dollar/bitcoin

hawkins

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although not impossible, but in reality it is a difficult thing to achieve bitcoin in 2017. Well, I guess there is no potential in 2017 which could lift the price of bitcoin be $ 10,000, especially if the price of bitcoin be $ 100,000. Well, the expectation was too high, I just hope that the price of bitcoin in 2017 can be stabilized at a price of $ 1,000 or more

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Quote from: iqlimasyadiqa on November 18, 2016, 11:32:22 PM

Quote from: BlackPanda on November 18, 2016, 11:23:05 PM

I think it is a difficult thing. probably bitcoin could reach 2,000 USD in 2017. I strongly believe that in 2017 the price of bitcoin will rise high enough.

absolutely right, it is a number that is too high. 100,000 USD is too big and looks impossible. an increase in the price of bitcoin is pretty good, but all is not as easy as imagined and predictable.

The speculation and prediction were meaning nothing.

davis196

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

If this is a stable growth,there`s no problem for people to buy at that price.

If this is a speculation bubble,nobody will buy because this will be a 100% loss,when the price collapse.

We need to fight with scammers and hackers and make bitcoin even more secure.

Yuuto

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If you are willing to sell at $100k but nobody is willing to buy that means the price isn't at $100k lol. Common sense there. I think it is 99.9999% impossible for that to happen, however anything can happen. Fiat could collapse next year. Something wrong could go with the mortgage market again and create a catastrophic financial crisis. Who knows.

If fiat is worth 1/100 of its previous value it would only make sense that bitcoin is more than 100k.

Huge Black Woman

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Ain't no way BTC is hitting 100K next year, at least hopefully not. If that happened, you know Trump done dropped the A-bomb on one of the bigger countries. Probably Israel. Or his wig done got stuck on the stinky end of the poop stick, if you know what I mean. For bitcoin to have exploded up that high, the world would have to be in trouble. Like zombies rising from their graves type o' trouble. Like a loaf of bread being $1,000,000,000 type o' trouble.

But let's say that wasn't the case. Hell to the yes I'd be selling my bitcoin. I'd buy me a new toaster.

iqlimasyadiqa

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Quote from: BlackPanda on November 18, 2016, 11:23:05 PM

I think it is a difficult thing. probably bitcoin could reach 2,000 USD in 2017. I strongly believe that in 2017 the price of bitcoin will rise high enough.

absolutely right, it is a number that is too high. 100,000 USD is too big and looks impossible. an increase in the price of bitcoin is pretty good, but all is not as easy as imagined and predictable.

BlackPanda

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I think it is a difficult thing. probably bitcoin could reach 2,000 USD in 2017. I strongly believe that in 2017 the price of bitcoin will rise high enough.

choppork

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first?

Sell some of my coins just enough to start a business in real life. That would be an investment for me. It's quite hard to sell all our coins at that point because it might pump even more in the future. You don't want to sell all your coins and then see other people enjoying even much more higher price the next time you visit.

pooya87

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a lot of attention from hackers and scammers.
Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's } A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think, as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price brackets. Grin

this is never going to happen and certainly it will never happen in one year -till 2017- since there is no reason for why that many people start buying bitcoin besides bitcoin network can not handle that many people yet, so maybe in a couple of years.
and as for buying there is always option to buy a fraction of bitcoin which is also going as small as 1 satoshi (10e-8) what else do you want

coinableS

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Maybe.

On 5 November 2007, A shares of Petrochina on the first day of trading after its IPO on Shanghai Stock Exchange skyrocketed from the IPO price of 16.7 RMB to 43.96 RMB by the close (the opening price was even 48.6 RMB). That gave a market capitalization of about $1 trillion.

Bitcoin with a 1 trillion dollar market cap would be $62,500 per coin (assuming there are 16 million coins).

traderethereum

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its too far to reach that price but if we are only imagine first, then i will do selling my bitcoin for the mostly amount i have, and then i will buy house for me. i am sure that there are still many people will be buying bitcoin but for buying 1 bitcoin in one order buy, i think its only few people will do it, the rest maybe will buy with small satoshi.

OROBTC

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...

It is extremely unlikely that Bitcoin could reach a price of over, say, $3000 in 2017.

There are way too many people who would sell at $1200 - $1400 (over its previous all-time high) vs. potential new buyers. I see nothing in the current dynamics of BTC mining, BTC demand, and BTC acceptance by merchants to give me hope of a huge & majestic move to very high numbers in a year or so.

However...

It is very possible that in the next 2 - 5 years (or so) that BTC demand could take off as more people get into it (and we hope) more merchants will accept BTC as payment. The long-term prospects are not bad at all (that assumes, of course, that BTC does NOT have a fatal flaw nor that a new coin does not destroy it).

$100,000 per Bitcoin could come, but not until demand goes UP and the mining reward gets slashed in half again. But, this is all unknowable...

outatime1

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If bitcoin becomes that valuable, there would need to be some altcoins that fill the niche as an cheaper alternative to make small transactions. In this way, several currencies can function at the same time, like silver and gold.

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If bitcoin hits $100,000 in 2017 , Even I know its impossible. Many people will use bitcoin, And many other people will make bitcoin as their full time job. Even now Im making bitcoin as my full time job to sustain my daily life style

romero121

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Not at possible to $100000 for a single bitcoin in such a short term, because to reach near to $750 it had took 8years and to the max it had gone close to $1500. By some sudden movement if it happens will try to cash out to fiat for a secured living.

lionheart78

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Though impossible to achieve n a short span of 1 year and assuming bitcoin price hit $100,000 will surely gather the interest of hackers and thief. We all know that bitcoin security is somehow hard to break but I think there will be lot of attempt to do a 51% attack in the network of BTC.

Quote

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

I think bitcoin will always be economically viable to buy, the price won't hit that high if people cannot afford to buy it. A simple rule of price driven by demand and capability to buy of people.

cpfreeplz

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I really don't think there's any merit to saying people think you have to buy a whole bitcoin. I got into bitcoin learning through faucets. It was pretty obvious they weren't giving out 1 bitcoin at a time. If someone can't do a quick google search then clearly they aren't technologically skilled enough to try to understand anything about bitcoins.

The_Dark_Knight

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

In order for bitcoin to reach such a high price something of gigantic proportions needs to happen at that point, I don't know if even price should be a concern at all but what you can buy with that 1 BTC.

lottery248

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beware of your keys.

if the economy is crashing, as bitcoin is backed by fiat in general, even if the bitcoin soars to 100k, it still could lead bitcoin to lost its value after inflation weighted. if i had bitcoins that time, i would only sell a part and buy some altcoins, that's my answer.

MingLee

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Maybe I would go and sell it all, I personally don't know what I would do in an event like that. I'm currently leaning towards the expectation that I would analyze the market and decide on what I would do from there, but you never know. You might get frantic and sell early, late, or you might end up not selling at all. It really comes down to the dedication of it all to be honest. Sometimes it is worth making the dive, other times not so much.

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

It's odd. Today i got an email from kraken, stating that even phone numbers are not even safe anymore. So got to look for a new waterproof security.

Your point of 100k per BTC is interesting. The price is determined by supply and demand if there is demand @ 100k, there will be plenty of supply however selling at that price would be very uncertain, since why would it stop at 100k? I would some a stash at 10k, then 20k etc. I think most of us got such a plan, so I would probably hold not enough coins to selll when that times comes Wink

knyolku123

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Quote from: RGBKey on November 18, 2016, 04:50:27 PM

If this were by some miracle to happen, I assume it would come with extremely widespread adoption of Bitcoin and that it would also mean we would have a lot more places to spend bitcoin.

yes I think is true. $100 000? I think it is impossible which for now in November only $ 700 range is very difficult when in 2017 reached $ 100,000.
if only $1000 I think is relevant. I hope the price of bitcoin is always grow up.

iram1011

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

It's just impossible, a pump like this

. I think there is 1 possibility around billions of chance!
And a lot of people will become really rich in just some months!

Probably we need 100 years to see a big pump like this !

FlightyPouch

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If bitcoin reach $100 000 next year? that will be awesome. A lot will be busy making a new account listing new emails, new passwords and new bitcoin adresses. A lot of people will be trying to earn bitcoin. It will be a full time job of many people. Knowing that information I think many people will buy bitcoins now for that.

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

U don't understand how markets work. Price only reaches certain level BECAUSE theres more buyers than sellers at that level.

Yakamoto

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Take what would amount to everything I have in Bitcoin and get it all offline and store it somewhere that it is relatively inaccessible for basically everyone.

If I think the value is going to cap out at $100k, then I'll siphon off the value in $20-$50 orders, making it relatively unknown as to how much I have, while also maintaining a fair amount of liquidity.

If I had a full Bitcoin that'd be nice.

RGBKey

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If this were by some miracle to happen, I assume it would come with extremely widespread adoption of Bitcoin and that it would also mean we would have a lot more places to spend bitcoin.

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futile as the "bitcoin is dead" threads. What if bitcoin hits a trillion billion in 2019??

jak3

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if bitcoin reached at scale accidently in 2017 then yes no one will buy it anymore but all we can do is try to hold on that amount first like spreding that balance inro smaller packets by buying multiple altcoins at some prices so if the price again goes dow them they will be safe with the balance they have

fiserman

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I would sell 50% of my assets which would be around $200,000 and I would buy a nice house. I would take advantage of the tourist boom in my country and rent out rooms on airbnb using my nice luxury house.

I am thinking that the realistic price for 2017 would be $1,000 to $2,000 though.

mrcash02

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It looks very improbable for me. $100.000 dollars is a very big amount! But hypothetically talking, I would sell half of my BTCs and keep the rest. Selling half of them would be enough to do a lot of amazing things.

About the transaction, nothing different from what we have now, an escrow would be necessary. I just don't think a person would buy 1 BTC. People would buy only some thousands or millions of satoshis, few persons would buy more than these amounts.

But I think BTC was projected to reach to a high price someday, so some hundreds of satoshis would cost some cents of dollar. In a distant future it can happen, not in 2017.

calkob

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I thought that these sort of posts where banned not that long back Huh

but yueah if it did happen i would wait till it hit a million...... what can i say i'm greedy Grin

CroIsBest

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Bitcoin price will not be 100000$ in 2017 it cant go up so fast how much you think I am really sure in that if you dont trust me then check how bitcoin price was moving in past and then compare with this price moving in this moment now and you will see and also this price is really high for some cryptocurrency so that price 100 000$ is so hard to imaginate in my brain and it will not gonna happent never i am sure in that but i also with that but it is only in my dreams and in all of this forum heads and it will always be only a dream which will never gonna happent but we could become really easy rich if that gonna go to happent.

kiklo

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin drops to $100 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price...

Would BTC Die, when the miners quit Mining it? Embarrassed

Here Fixed that for you. Cheesy

European Central Bank

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a $100,000 bitcoin, assuming it stabilizes somewhat around there, would mean it had become one of the world's premier league stores of value. you could depend on it to maintain the value you put in and hope that it would grow. in that scenario buyers would be a big chunk of the world's population. everyone with a little money is looking for something like that.

last time i checked a kilo of gold was a few tens of thousands too. that doesn't stop people buying it.

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While I do think the price of Bitcoin per US dollar will reach four digits (above $1000 per bitcoin) in 2017, to think that it will increase anything more than that in a calendar year would be a shock to many. It would be great if Bitcoin did ever reach the $100,000 per Bitcoin since I have made some Bitcoin investments, but I do not see it happening anytime soon in the foreseeable future. We have to make sure that the popularity of the cryptocurrency continues to increase, and with that the price will rise as well.

neochiny

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I'll admit that when I first started, couple years back, I thought I really had to buy at least 1 Bitcoin. This is because people are used to thinking that 1 is the least denomination, like, "1 Dollar, 1 GBP (1 apple, 1 car). Grin

But because of the sheer high value/price of a single bitcoin, we get to buy in increments. Say, 100 dollars worth, a thousand, etc. Grin

$100k in 2017 huh. I'd wonder how the economy would have crashed. That'd be pure chaos.

crairezx20

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Well same here that i going to sell all my bitcoins and ignore my altcoin because some of my bitcoin is already investing into other altcoin..
Because if you miss this price just like 2013 when the price jump into 1k value.. many people are surprise for the price increase so they sell all their bitcoin investment and be rich..
But i think this coming year the only possible price can be reach or touch i think 1k value to $1400 value. this is possible price will happen in the next year..

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

$100k price per bitcoin is not possible for year 2017 and even into those upcoming years i dont think so that it would reach that peak amount. Adoption would really be needed in able to reach that. Good for you that youd able to convince your friends to engage on bitcoin and there are really people especially to those have no idea on bitcoin thinking that they must buy 1 whole bitcoin.

Sir Alpha_goy

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Quote from: dserrano5 on November 18, 2016, 12:36:32 PM

Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying?

If the price reaches 100k, it's because someone is already doing the buying. I can't see any point in asking who or why.

So many people are going to be on the Bitcoin train once this thing hits critical mass.

The population of the world is the limit.

So many buyers that won't even want you to ask them questions.

dserrano5

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Quote from: Kprawn on November 18, 2016, 11:29:17 AM

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying?

If the price reaches 100k, it's because someone is already doing the buying. I can't see any point in asking who or why.

Sir Alpha_goy

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Better hope you have liquidity and reserves saved up for paying the tax man.

Also, why say only 100,000.

It is going to go much much higher through the stratosphere.

Last I heard it was going to Andromeda.

Buckle up and hodl on for dear life as Bitcoin enters warp drive.

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shouldn't this be in speculation? since there is no guaranteed that it will hit 100k in 2017, i think it will not even hit 10k if we want to be serious, for me i would not sell everything ever but i would use bitcoin, which is more convenient, but for somethign else like buying expensive thing i might sell my bitcoin, because you can't really pay in some country, an house with bitcoin

xdrpx

hero member

Activity: 616

Merit: 603

That's a massively large price bounce to happen in a very short amount of time, but I'm not going to go further into discussing if that's achievable/possible or not. Considering realistic figures, if the price of Bitcoin rise above USD 1000, there would still be a lot of buyers cause people monitoring the Bitcoin markets would be aware of the Simple moving averages of historical prices and would be able to speculate if the price would rise further or not. But yes, these are still speculations. Lets consider that if the price bounced further up from USD 1000 to USD 1500 within a month of reaching USD 1000, then instead of buying 1BTC people would buy 3/4th of it and still own a substantial amount of value in Bitcoins. Bitcoin's would always be possible to buy in smaller and smaller fractions as the price bounces up, cause it'd still be of great value considering the price rise. It would hence not be needed to buy one whole Bitcoin at that point of time, but instead invest in smaller fractions. And yes, those who earlier purchased their Bitcoins have the benefit of enjoying the price rise for their fortune.

croutonhexagon

full member

Activity: 238

Merit: 100

Yes definitely I still forget everything and i will sell everything that i have in my wallet. Because I think there wouldn't be any better time to sell and p make profit out of it. May be in Future price may reach righer than that but i will earn and make you wallet filled till then.

Kprawn

legendary

Activity: 1904

Merit: 1074

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets. Grin

Topic: Bitcoin price hits $100 000 in 2017 (Read 2838 times)