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Topic: Everyone will cash out at $1000 - page 6. (Read 9431 times)

legendary
Activity: 1148
Merit: 1001
August 06, 2013, 04:48:19 PM
#16
I don't know.  Some will sell at $1000 for sure.  I might sell some. Wink  I think that as more people start hearing about Bitcoin and they see how much value there is in them more will want them and there will be less to go around and therefore the price will be sustained, even at $1000.  Also, people are strange.  As the price goes up more people panic and want to buy because they are fearful they might lose out on the next big rise.
sr. member
Activity: 447
Merit: 250
August 06, 2013, 04:28:07 PM
#14
I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?

If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

And graham's number within a few seconds.

You got it wrong. It should be:
If it goes to $1000, it will hit $100 in a matter of hours. $10 maybe minutes and zero within a few seconds.
hero member
Activity: 784
Merit: 1000
Annuit cœptis humanae libertas
August 06, 2013, 04:13:01 PM
#12
And at $10k+ per BTC there might be no need to "cash out" since bitcoin will be liquid enough by that time.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 06, 2013, 04:10:52 PM
#11
I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?

If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

And graham's number within a few seconds.
hero member
Activity: 812
Merit: 1000
Act #Neutral,Think y'self as a citizen of Universe
August 06, 2013, 04:09:00 PM
#10
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

Obviously.

Wait, why would this happen? I thought people would be dumping.

One man's dump is another man's treasure... and the cycle repeats

Cycle? Seems like a pyramid when everyone try to sell at higher price than he bought at  Cheesy

Not everyone. Many buys because they need specific goods to be bought via Bitcoins
And there are those who sell lower because they fear the price will go even lower
full member
Activity: 346
Merit: 100
https://bmy.guide
August 06, 2013, 03:58:55 PM
#9
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

Obviously.

Wait, why would this happen? I thought people would be dumping.

One man's dump is another man's treasure... and the cycle repeats

Cycle? Seems like a pyramid when everyone try to sell at higher price than he bought at  Cheesy
cp1
hero member
Activity: 616
Merit: 500
Stop using branwallets
August 06, 2013, 03:56:46 PM
#8
If everyone cashes out, no one will be able to cash out.
hero member
Activity: 840
Merit: 1000
August 06, 2013, 03:50:20 PM
#7
I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?

Many are aware of this so sell right before $1000.
So by this logic, $1000 will never happen
legendary
Activity: 1025
Merit: 1000
August 06, 2013, 03:45:44 PM
#6
That is a good point. To reach $1000, you would start to see the beginning of institutional investors, and then whales following other whales. Could get crazy fast.
sr. member
Activity: 516
Merit: 283
August 06, 2013, 03:43:50 PM
#5
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

Obviously.

Wait, why would this happen? I thought people would be dumping.

One man's dump is another man's treasure... and the cycle repeats
sr. member
Activity: 420
Merit: 250
August 06, 2013, 03:42:44 PM
#4
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

Obviously.

Wait, why would this happen? I thought people would be dumping.
legendary
Activity: 896
Merit: 1001
August 06, 2013, 03:41:52 PM
#3
If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes

Obviously.
hero member
Activity: 686
Merit: 500
Ultranode
August 06, 2013, 03:38:05 PM
#2
I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?

If it goes to $1000, it will hit $10,000 in a matter of hours. Maybe minutes
legendary
Activity: 1025
Merit: 1000
August 06, 2013, 03:34:16 PM
#1
I think $1000 is the price a lot of people are anticipating. It's high enough that much of the 'old money' in this economy will start to rumble and awaken from their slumber. I'm not sure if the price could reach a sustainable $1000, as it is the sweet spot for a lot of people. Thoughts?
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