If Bitcoin moved above $10,000 USD per coin what would you do? - page 7.

JumperX

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Quote from: DOGE12321 on August 17, 2016, 05:58:35 PM

That is a price too good to be true. I would probably cash out or invest in something that isn't as volatile as Bitcoin like gold.

It really depends on my mood the day that BTC turns 10 000USD.

Yup if it reaches to that price then I think we should sell all our coins at that stage we cannot afford to hold it as I am sure it will fall extremely after touching the price of $10k.

DOGE12321

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That is a price too good to be true. I would probably cash out or invest in something that isn't as volatile as Bitcoin like gold.

It really depends on my mood the day that BTC turns 10 000USD.

BitMaxz

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It takes a long time before we will see this price value of bitcoin but we don't what will happen in these following year and maybe before we are old the price of bitcoin will reach in that price.. if it will happen i will start local business here in my country i will build my own company that related in bitcoins. so that i can promote bitcoin more to others..

MyBTT

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Then my investment of 21 btc will have paid off.

But honestly if bitcoin can ever get that high, I wouldn't sell. This would mean that bitcoin really does have the potential go get to the moon.

Shibashi Dogemoto

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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.

Exactly, that value seems to be hard to achieve in next 10 to 15 years, as its too high to expect from bitcoins and if it touches that price then everyone will get rich with bitcoins.

HarryKPeters

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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.

Johnny00

hero member

Activity: 896

Merit: 553

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?

Bitcotalk

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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.

QuestionAuthority

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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.

babyjesusftw1

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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.

zimmah

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It would still not be enough for me to sell.

Well maybe I might buy some small things with a portion of my bitcoin but I'd still HODL most of them.

socks435

legendary

Activity: 2058

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I'm looking for free spin.

Its a long journey of bitcoin but if it will happen that i will give my laptop to my brother and buy a new. plus new car again..
And i use some of my earning s in bitcoin to buy new business local or online business.

jak3

legendary

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for god shake stop being so fool out there.we are way too far from that and i do not honestly think i will see that price scale in about 50years and if it happens then i will try to hack someones bitcoins or try to do every fast possible way to get coins

xJuturna

sr. member

Activity: 252

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Well I would cry honestly because I haven't accumulated enough for that to affect me positively. There is the up side with the fact that it has the potential to soar even higher.

Honestly I wouldn't be too happy. Don't get me wrong I hope it will happen one day but not until I'm ready for it to happen.

calkob

hero member

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i would be beaming from one side of my face to the other........ Grin

dinda22

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in fact we will immediately sell when the price hits $1,000.

but if when that happens, I will be working hard to make extreme trade, to earn a lot of profit in a short time.

worhiper_-_

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Thinking about it makes me so excited! i would totally Reserve tickets to go to korea.
After that i would get the driver licence and pay for my university fees :p

~Bitcoin~

legendary

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$10,000 is really high and it may take decades to reach and i am even not sure if i will have any bitcoin in my wallet by that time. If i have than i will sell 50% of my holding or even not sell any if i was not in need of cash.

serjent05

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Still do the same thinng, use bitcoin to gain more bitcoin. I haven't holding BTC for some reason. First is that i don't buy Bitcoiin, I work for it so basically I am into spending it whenever I'm interested on some online item. Second I don't let Bitcoin be idle to my stash. I'd rather have it use to produce more profit to me and lose than let it sit in mmy stash for a long time.

randy8777

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i will secure profits for obvious reasons, but i can't just send the money that i get from selling my coins to my bank account as the amount will be too large. i am sure it will lead the bank to freeze my balance prior to the investigation they need to do. especially if the money comes from a bitcoin exchange. i need to play it smart and most likely need to send small amounts to my bank account in order to not raise any alarms from the bank.

Topic: If Bitcoin moved above $10,000 USD per coin what would you do? - page 7. (Read 5887 times)