If Bitcoin moved above $10,000 USD per coin what would you do? - page 6.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: babyjesusftw1 on August 17, 2016, 02:44:45 PM

I would honestly sell a portion of it, and then hold the rest until I have a need to convert it into fiat currency. I doubt it will ever reach 10k value per bitcoin, but I personally feel like if it does, then it'll be close to hitting its price ceiling. So yeah, I'd sell a good portion to hedge my bets on the price falling in the future.

not even close, the ceiling is more like a couple of million, but i doubt it will ever hit that.

though, $10,000 should be easily reached, and sooner than you think.

even $100,000 should be very easy.

Bitcoin will either fail or reach way above $10,000

and it doesn't look like it is failing, because if it would fail, it would have failed a thousand times by now.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: Bitcoinpro on August 16, 2016, 09:34:41 PM

I'd be getting ready for sharper moves higher

But if bitcoin ever reached that level, it would take a long time for its price to rise that high but it’s already over a half of 1000$ for 1 BTC so there is a high possibility that it will happen. Until then, I’ll save as much bitcoin as I can so when it reaches that stage, I’ll sell a half of it to use and the rest I’ll continue saving it because if it can go that high, it can go further.

2legit2

sr. member

Activity: 406

Merit: 250

Quote from: BillyBobZorton on August 18, 2016, 10:35:50 AM

Quote from: aesma on August 18, 2016, 09:56:18 AM

I would hire a tax specialist to figure out how to get my million out.

Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries.

or he just boasts it even though he actually does not have that much bitcoins, i think i would just sell it all if the price grew that much

garundang

member

Activity: 88

Merit: 10

i would spend all bitcoins that i have and i would buy what i wanted

aesma

hero member

Activity: 2548

Merit: 950

fly or die

Quote from: Johnny00 on August 18, 2016, 10:42:08 AM

In Canada no tax on this

Canada has an income tax and a capital gains tax so I don't see why it wouldn't be taxed.

aesma

hero member

Activity: 2548

Merit: 950

fly or die

Ah ah no I'm far from 100BTC but I don't expect bitcoin to be that high right away.

If it happened tomorrow then I would be unhappy to own only 10 BTC and about 90BTC worth of stock and cash (at today's price, not tomorrow's price).

hero1111

hero member

Activity: 1582

Merit: 520

If it be real it will be fantastic for me and i i have alitle bitcoin but with this price mean i will be rich person because of i can fly really .

BlackPanda

legendary

Activity: 1414

Merit: 1001

it is a very high price. I can do anything with that money. I'll buy a few grams of gold in the real world. I would invest here long enough. gold investment is a long-term investment for my life.

Johnny00

hero member

Activity: 896

Merit: 553

Quote from: BillyBobZorton on August 18, 2016, 10:35:50 AM

Quote from: aesma on August 18, 2016, 09:56:18 AM

I would hire a tax specialist to figure out how to get my million out.

In Canada no tax on this

Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: aesma on August 18, 2016, 09:56:18 AM

I would hire a tax specialist to figure out how to get my million out.

Damn you have 100+ BTC? that is a lot. And you will need more than 100 to have 1 million in your bank, since taxation will be pretty heavy on 1 million increment in most countries.

aesma

hero member

Activity: 2548

Merit: 950

fly or die

I would hire a tax specialist to figure out how to get my million out.

iamTom123

hero member

Activity: 490

Merit: 501

That can be hard to speculate. However, it is good to dream, anyway.

ImHash

hero member

Activity: 924

Merit: 506

We all know that it's not going to go that high in 1 night , so as it rises in price so many would sell theirs thinking it might never go that high again and later they will regret it, and I think bitcoin will be that much of a high price when usually only a few people own hundreds or thousands, when millions of people each have a portion of it and millions are asking for it.

dinda22

legendary

Activity: 1232

Merit: 1000

Quote from: JeffBrad12 on August 17, 2016, 09:50:59 PM

Quote from: HarryKPeters on August 17, 2016, 04:35:09 PM

Quote from: Bitcotalk on August 17, 2016, 03:39:45 PM

With that me and all other bitcoin users will be more richer, I wish that bitcoin price reach to that much value, with that amount I will first buy a house and will start a business with all of my bitcoins and will spend the remaining of my life with luxuries.

That is not going to happen trust me. Nor should you dream of luxeries. Think about life as controlling your senses, just then will you be succeeding.
Dreaming of this price in this stadium is wrong.

I never believe about that, maybe in my dream it's will become a real but in a real life, it's just become useless things. but dealing a lot of your dream will giving bad impact for your realistic view.

Success starts with a dream, when you are dreaming and always expect the price of bitcoin will rise very high, this will increase your motivation to get more bitcoin, so there is no bad effects if you keep dreaming.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: HarryKPeters on August 17, 2016, 04:35:09 PM

Quote from: Bitcotalk on August 17, 2016, 03:39:45 PM

With that me and all other bitcoin users will be more richer, I wish that bitcoin price reach to that much value, with that amount I will first buy a house and will start a business with all of my bitcoins and will spend the remaining of my life with luxuries.

That is not going to happen trust me. Nor should you dream of luxeries. Think about life as controlling your senses, just then will you be succeeding.
Dreaming of this price in this stadium is wrong.

I never believe about that, maybe in my dream it's will become a real but in a real life, it's just become useless things. but dealing a lot of your dream will giving bad impact for your realistic view.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Johnny00 on August 17, 2016, 04:18:12 PM

Quote from: QuestionAuthority on August 17, 2016, 03:17:28 PM

Quote from: Johnny00 on August 17, 2016, 10:33:16 AM

Quote from: QuestionAuthority on August 17, 2016, 08:15:25 AM

I'd contact one of the business idiots that routinely buy bulk Bitcoin at the US auctions. I'd sell every coin I have to them for cash. I'd hire a tax attorney to figure out my best option for paying capital gains tax to keep as much of the profit as I can. I'd use the money to buy real estate in San Francisco.

Then I'd sit around and wait for MtGox v.2 announcement price crash telling everyone about the exchange that artificially pumped the price through the roof.

What do you mean buy bulk at US auctions?

Search for auctions on the forum and you'll see a bunch of people that buy large quantities of bitcoin. I don't trust the exchanges so I wouldn't sell that much at an exchange.

Is it usually at a discounted price?

Yes, it usually is but at least you can trust that they have the money.

bluechipinvestor

member

Activity: 70

Merit: 10

I would certainly sell most of it, but I would hold something around thirty percent.

BitcoinMuscle

full member

Activity: 210

Merit: 100

Quote from: Bitcoinpro on August 16, 2016, 09:34:41 PM

I'd be getting ready for sharper moves higher

Will, with my actuall bitcoins, i will withdraw it all and make a business

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote from: Xester on August 16, 2016, 09:44:21 PM

That is insane! Maybe I will exchange some of it into cash and buy some stocks and mutual fund. I will use it to gain more profit to secure my life, my retirement. I will use my bitcoin to work for me to achieve and have more income. I will put it to investment sites and do some trading.

I don't think we're going anywhere near $10K anytime soon. And even if it did hit that mark tomorrow, I still don't own enough to start rolling like a pimp. If it hit 10K, I would be lamenting the fact that I was too stupid to buy everything I could whilst the price was $570. That much is certain.

Stocks are kinda high right now, and I'm not sure if I made a bundle that I'd put any more money into them. I would buy land if I had enough money, and prepare for the zombie apocalypse that's coming any day now. *hoping*

uname

sr. member

Activity: 420

Merit: 250

Quote from: Bitcotalk on August 17, 2016, 03:39:45 PM

With that me and all other bitcoin users will be more richer, I wish that bitcoin price reach to that much value, with that amount I will first buy a house and will start a business with all of my bitcoins and will spend the remaining of my life with luxuries.

I thought it was an impossible thing to happen? bitcoin price will not be more than $ 2000 I think? because if the price is more than that I think that the dollar is money that does not have a price? surely everyone would be rich

Topic: If Bitcoin moved above $10,000 USD per coin what would you do? - page 6. (Read 5887 times)