If price of BTC reach 50K who is going to buy? - page 5.

CyberKuro

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Quote from: 6Asmodeus6 on August 21, 2017, 12:58:44 PM

You can always buy small pieces of BTC.If it gets that much buyers will have to buy like 0,0001 BTC or something and todays whales will be millionare and probably cash out. Cheesy

Yes it can be, even though bitcoin reach $100K, people could buy small pieces of bitcoin depend on how much money they want to spend.
Why not? People willing to buy bitcoin because its value keep growing over time and it has real usability, being used as an alternative currency and may become major currency in the future, who knows. At least, people should know that bitcoin offers many benefits than just hold fiat currency for mid or long term.

aryaadikariyansyahsuwarto

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This Is Promissing Project

I think the person who holds the btc is because maybe he will wait for the price to go up again, whereas for me, if btc has reached 50K, I will sell some, and some of them I will invest it. thank you

TolegRus

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Bitcoin quantity is limited anyway, so any limited thing, that market demands, get higher prices.
50k looks not so bad

machinek20

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As long as the price still can go up, there will be people buy bitcoin, they dont need to buy 1 bitcoin, they can buy the fraction, so it doesnt really matter how much is the price, as long as it is still profitable and usable, people will still buy bitcoin

gentlemand

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Quote from: xplorer79 on August 21, 2017, 06:14:25 PM

IMHO, the issue with a 50K bitcoin, is there is not much room left for growth and profit. Even if we can buy fractions of a BTC, it would be very hard or long to make some profit from it.

At that price level it's moved out of speculation and into genuine investment/hedging, at least I hope it does. If it reaches 50k by this Christmas then the aftermath would not be a pretty sight.

People don't buy into Apple shares or gold for 200% gains in a year. They're looking to preserve and increase their wealth, not bet it.

You can certainly be sure that there'll still be a mushrooming alt scene filled with rubbish for those silly gains and losses.

jerowacik

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Quote from: gabbie2010 on August 21, 2017, 12:49:41 PM

I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.

This could happen and I'm sure there will be plenty of enthusiasts who want bitcoin. Bitcoin prices are only hundreds of dollars and currently have reached 4,000 dollars. So it is not impossible that bitcoin prices will reach 50K USD and bitcoin enthusiasts will remain a lot. The demand for bitcoin is higher because now bitcoin is becoming widely known.

batang_bitcoin

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Quote from: gabbie2010 on August 21, 2017, 12:49:41 PM

I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.

There will be certain people who will buy bitcoins at that time. The cycle will just go on and will happen repetitively,arbitrage and sort of the same strategy by the traders. Holding bitcoin is normal as it's reducing the supply of bitcoin that makes the demand and price higher. And all of us will sell at that rate, we 'll see bitcoin's price on a bullish down.

gredisgold88

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Nothing is impossible, all can happen ? But if bitcoin has a price of more than 50k $ there is a new perspective, whether the circulation of bitcoin is still large or there is a large-scale stockpiling, very dangerous ! if the bitcoin who initially every day have sales and Purchase more 100000 bitcoin what if the price becomes $ 50000? , Is it still the same? , Very worrying if bitcoin has a very expensive price. 21 million bitcoin = 50 k $. WOW! ,because Bitcoin prices is not 21 million bitcoins have the same price, but there is demand and sale in exchange market with some bitcoin.

xplorer79

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IMHO, the issue with a 50K bitcoin, is there is not much room left for growth and profit. Even if we can buy fractions of a BTC, it would be very hard or long to make some profit from it.

agatha818

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I would! I'll buy small portions of bitcoin, that's what I'm doing now, and it's not even 50k, I think some of the bitcoin holders do the same buy small portion, some buy the full price, because they can afford it, still a lot of traders and holders buy small portions that they could afford

Seansky

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Quote from: gabbie2010 on August 21, 2017, 12:49:41 PM

I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.

There are still people who would even buy at that price. For sure there will be many sellers but at that point maybe the demand for bitcoin is very high and most people will buy only fractions of bitcoin because not all people can afford a 1 whole bitcoin by that time. It would only be bad if all people intends to only hold before even reaching the said price because it won't go up or down.

Apes

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holding and storing bitcoin is very justified because its the right of all people is like my money is the money I want if it is my sole right but not justified for companies that use bitcoin services because in the company there FUD

faaty

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we can discuss about an update in the bitcoin and we can make it 210 millions instead of 21 million. so that the price will be 5000 usd instead of 50k

or bitcoin exchanges can sell satoshis. 1 satoshi will be 0.5 cents in that situation.

I believe these can solve the problems in the future.

darkangel11

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Don't let others control your BTC -> self custody

Many people will buy. You just have to grasp the idea of a fraction of bitcoin. I know it's hard because we are used to our fiat money being worth very little. There's not much that you can buy for 1 USD, right? Cents are only there because many items don't have round prices and you see for instance 12.95 or whatever. With BTC you'll be dealing with prices like 0.0001 for a meal in a restaurant! It's the inevitable future.

Bigmacduck

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Quote from: amacar2 on August 21, 2017, 01:32:55 PM

Price can't jump over $50k from current $4k level overnight because there will be lots of sell pressure and resistance levels which will easily block the uptrend. That's why price is pumping in several stages, a big pump - a small correction - stable price for few days/weeks - another round of pump.

There will be always buyer for bitcoin at every level because even 1% people don't know anything about bitcoin till now.

According to the world population clock on http://www.worldometers.info/world-population/ there are approximately 7,526,950,613 people living on this planet and every day there are 200,000 more.

Compare that with the 16,519,187 BTC in circulation. So only a maximum of 16.519 million people can own at maximum one BTC each. That is only 0.22% at the very maximum. So it is probably safe to say that more than 99.8% of the earth population are clueless about BTC today. Think about the potential if 2% of the world population would own and use bitcoin and 5% would know about BTC's potential.

Bigmacduck

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Additional fact: there are 755,440 shares of BRK-A in circulation.

Compare this with 16,519,187 BTC in circulation.

So an eventual 50k$ price tag per BTC is not ridiculous.

Bigmacduck

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Quote from: gabbie2010 on August 21, 2017, 12:49:41 PM

I just sat down reasoning about everybody's decision to hold or keep their BTC, if the price of BTC reaches 50K today who is going to buy at that price? then there will be many sellers and few buyers, is the reasons for holding or keeping the BTC justifiable? please some convincing explanations.

Only 21 Million people will ever be able to own one single Bitcoin each (in approx 123 years from now).
The beauty of Bitcoin is that you don't need to purchase a full coin for yourself at that price, you can buy fractions of a coin.

Compare it to Berkshire Hathaway Inc. (BRK-A), which is trading at about 268,000 USD today. Here you can only buy a full coin - sorry share. There is no way to buy fractional shares. Berkshire has issued some years ago class B shares (BRK-B), which trade at 178 USD. So these could be somehow compared to fractional bitcoins.

The average trading volume for BRK-B is around 3,113,631 shares a day

The average trading volume for BRK-A is around 338 shares per day
So even a single BRK-A share trades at a value of a very nice house, there is still a significant number of people who buy at these prices. The price per coin/share does not really matter.

Bitcoin is much more flexible as there is a finer granularity of fractional parts.

Total market capitalization of Berkshire Hathaway Inc. is a multiple of the current BTC market cap, so from that perspective BTC is still just a piss in the ocean on a global finance scale. Lots of potential if done right.

amacar2

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Price can't jump over $50k from current $4k level overnight because there will be lots of sell pressure and resistance levels which will easily block the uptrend. That's why price is pumping in several stages, a big pump - a small correction - stable price for few days/weeks - another round of pump.

There will be always buyer for bitcoin at every level because even 1% people don't know anything about bitcoin till now.

Rinaze

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Quote from: gentlemand on August 21, 2017, 01:16:39 PM

You could've asked the same question at every single price above zero.

A $50,000 Bitcoin means that a decent proportion of the world now has the desire for it. That in no way means that it's reached its potential. Even when it has reached saturation, the deflationary aspect means that your value will remain immune from inflation.

If 1 coin was $500 billion, it would still make sense to buy a crumb of it if it was stable and rising.

I don't think it make sense if the transaction fee is the same as the crumb you are buying or even if it's not the same but high enough, most investors will probably think thrice.

djkyno

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I think the bitcoin's price will not reach this level for the few next coming years at least, but even if it happen there will be some Bitcoin enthusiasts which will buy it again no matter its high price.

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