999 here
998.99 
Topic: Everyone will cash out at $1000 - page 5. (Read 9431 times)
I'm never cashing out. To me bitcoin is more than just making money off panic buys and sells, its about financing a revolution.
If you never cash out, you will never realize a return. Your heirs may be thankful, though.
I think he meant that he would like to spend his bitcoins instead of exchanging them for fiat. Not just hold them indefinitely.
I know that if bitcoin reached $1000 I would just be holding on for the ride. Why cash out when the revolution is near? I might take a small bit though, just because.
Fundamentally, Bitcoin markets still have a problem. And that problem is that a few hold so many coins. It doesn't matter what small fish do, when whales start selling, everyone will follow because the small fish can not create enough buying pressure to stop it. We've seen that with every crash. Plus many small fish are weak hands and will follow whatever everyone else is doing anyway.
Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
Really we should be thankful any time that whales are selling out, because it means they are distributing their "hoard" of Bitcoins to many other people.Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
Whales buys their bitcoins back at lower prices, so no new bitcoins is distributed to many people
I may be selling some Bitcoins when the next order of magnitude is there, but definitely not all and definitely not a majority (especially because I believe in the fundamentals and look forward to actually using the Bitcoins rather than selling them for fiat) - and I think lots of other people agree here, so I don't see a problem going beyond 1,000 USD (or any other mark).
I'm never cashing out. To me bitcoin is more than just making money off panic buys and sells, its about financing a revolution.
If you never cash out, you will never realize a return. Your heirs may be thankful, though.
I'm never cashing out. To me bitcoin is more than just making money off panic buys and sells, its about financing a revolution.
999 here
The interesting thing about the last price mania and run up from $10 to $266 within a few months is why $266 was the magic number this time. It could be that the number of suckers left to pile money in ran out, or maybe enough people thought 'this price has been rising exponentially for weeks, it violates common sense for it to continue, sell!'
If bitcoin enjoys another strong run up towards $1k and maybe beyond we will again experience the same situation. The key factor is, as always, that simply sitting on your bitcoin stash while doing absolutely nothing is the path to riches. That doesn't seem sustainable.
If bitcoin enjoys another strong run up towards $1k and maybe beyond we will again experience the same situation. The key factor is, as always, that simply sitting on your bitcoin stash while doing absolutely nothing is the path to riches. That doesn't seem sustainable.
Remember that we tend to overestimate progress in the short term...and vastly underestimate it in the long term.
Suppose that I bought 100 bitcoins when price was $5, when bitcoin exchange rate reached $50, I might consider sell them all to receive $5000, which is a quite good return. But if it rised to $500, then 100 coins worth $50,000, I will definitely keep part of those coins and to see if it can rise even more. The higher the price, the higher confidence people will have in bitcoin, less motivation to exchange to fiat, which is losing its value constantly
And beyond a certain acceptance level, there will be only fiat money inflow, no outflow, since bitcoin will be used to direct purchase other things when there is such a need
And beyond a certain acceptance level, there will be only fiat money inflow, no outflow, since bitcoin will be used to direct purchase other things when there is such a need
I doubt so, if it reaches $1000, there will definitely be those who will be targeting $10 000 next, when someone cashes out, others get in.
If everyone cashes out, no one will be able to cash out.
Cash out = Get rid of all this useless fiat to get more bitcoins?
If so, I don't get your point.
If not, you probably won't ever need to buy toilet paper anymore.
lol, I didn't even realize I said the same thing about $100. Just shows how fast things can change.
People were saying the same thing about $100.
https://bitcointalksearch.org/topic/will-you-speculate-at-100-156033
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It's all fun and games until somebody loses an eye
People were saying the same thing about $100.
Fundamentally, Bitcoin markets still have a problem. And that problem is that a few hold so many coins. It doesn't matter what small fish do, when whales start selling, everyone will follow because the small fish can not create enough buying pressure to stop it. We've seen that with every crash. Plus many small fish are weak hands and will follow whatever everyone else is doing anyway.
Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
Really we should be thankful any time that whales are selling out, because it means they are distributing their "hoard" of Bitcoins to many other people.Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
That's a fair point and could lead to a situation in the future where a few can't just move the markets at will. The masses could then create buying pressure to prevent huge price drops due to whale dumps.
Fundamentally, Bitcoin markets still have a problem. And that problem is that a few hold so many coins. It doesn't matter what small fish do, when whales start selling, everyone will follow because the small fish can not create enough buying pressure to stop it. We've seen that with every crash. Plus many small fish are weak hands and will follow whatever everyone else is doing anyway.
Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
Really we should be thankful any time that whales are selling out, because it means they are distributing their "hoard" of Bitcoins to many other people. Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
we aren't even solid in the 100+ range (since bitstamp is below it) and you are already talking about the next order of magnitude? wise dumpers dump before that, so, no, that won't happen. it will be much longer until we reach 1000 than you think. much longer …
The whales will have to be mega whales, Goldman Sachs and the like
Fundamentally, Bitcoin markets still have a problem. And that problem is that a few hold so many coins. It doesn't matter what small fish do, when whales start selling, everyone will follow because the small fish can not create enough buying pressure to stop it. We've seen that with every crash. Plus many small fish are weak hands and will follow whatever everyone else is doing anyway.
Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
Bottom line, if whales sell at $1000, everyone else will try to sell too. And many wont get out in time, just like the $260 crash. If whales start big buying, so will everyone else. All the talk about new people and media attention, blah, blah, blah...is pointless. If they are not new whales entering the market, it won't do anything to change the trend created by the whales.
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