What would you do "when" bitcoin hits 10,000.........

bryant.coleman

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Quote from: ABitBack on December 01, 2013, 04:18:25 AM

Also you have to remember there will only ever be 21,000,000 coins and about 13,000,000 around at the moment. If bitcoin reaches 10k then that would indicate a huge rise in people wanting to buy (probably at least 1btc or 1mBTC). We may still be in the early stages waiting on exponential growth. If you own 1BTC at least there is a chance you will be rich in the future.

Hmm.... to be "very rich" in the future (i.e some USD 5 million worth), BTC should climb to $250,000 for me.... In the near future it looks impossible.... In the next few decades... may be possible. I still curse myself for not taking BTCs seriously when I first heard about them.

merockstar

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If it happens in the next 6 months, I will ball my eyes out forever for missing the boat.

If it happens in the next couple years, I will pay off all my bills and retire.

Just depends on when it happens.

Ecurb123

full member

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maybe I'll be able to buy a very used car then.

ABitBack

hero member

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People here who are saying they will cash out some when it reaches 10k I assume cashed out the same percentage at 1k and $100... I mean it's only 10x what the price is now! And remember we were at $100 not so long ago, so you better put your sell order in now otherwise you might miss it and end up selling at $10500!!! Tongue

Also you have to remember there will only ever be 21,000,000 coins and about 13,000,000 around at the moment. If bitcoin reaches 10k then that would indicate a huge rise in people wanting to buy (probably at least 1btc or 1mBTC). We may still be in the early stages waiting on exponential growth. If you own 1BTC at least there is a chance you will be rich in the future.

TheQuin

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I'll start waiting for a few more zeros to be added on the end.

beetcoin

sr. member

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to those of you guys who plan on spending your BTC on luxury items: just remember that there are plenty of stories around where someone "cashed out" this and that amount of bitcoin for a car or whatever (at a price that is significantly lower than the current rate.. and they usually end up regretting it.

you will look at your lexus as "the car that cost me $1 million dollars."

g83

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Get a nice car for about 10 btc

omega33

sr. member

Activity: 398

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I will do nothing
when it hits 10k, it is likely everyone will use btc in our daily transactions.

jackioflap

newbie

Activity: 52

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Why bother going to fiat at all. If it hits 10k or 100k then one would hope that you could actualy start truly using it for your basic needs. You go get groceries and pay with BTC through your phone to the giant address on the wall and show the cashier who confirms and there you go. No more need to cash out to fiat. Systems are introduced to do any neccesary calculations for the rise and fall of BTC value when you go to pay.

Catempire

newbie

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The whole point is now that bitcoin is being recognised as a currency it is far safer then any other currency in existence. It has a place next to gold but realistically would be better then gold as transactions can be digitalised... Anyone who sells more then 5% of there bitcoins at 10000 will seriously regret it in the long run...

It might take a few years to get there but like many on here I will be holding for the big rewards providing nothing changes! We just need the financial downturn to worsen and it will rocket... For now tho a slow increase in value is very good for the price!

jubalix

legendary

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my 0.001 btc is worth $10, long term hold confirmed.

DoomDumas

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Bitcoin

Quote from: Mondy on November 29, 2013, 06:18:22 PM

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Peoples were telling this for when we will reach 100.. and when we will reach 1000.. the story will just repeat again at 10 000

siggy

sr. member

Activity: 381

Merit: 250

mansion, yacht, hookers, blow.... Grin

Umm.. in all seriousness, I won't be doing anything beyond telling a couple friends "you really should have listened to me..." ...

OK... so I'll probably be looking for new friends....

Sigg

mootinator

sr. member

Activity: 274

Merit: 250

In the interest of sticking it to the bankers who continue to make it as difficult as possible to acquire bitcoin I'll take out a few bitcoins and make a lump sum mortgage payment that will double itself in saved interest payments.

Catempire

newbie

Activity: 4

Merit: 0

Crypto coins are far more stable then any fiat currency... If the small money goes out more big money will come in and there will be many people kicking themselves for not believing or researching the economy enough to know what a profound effect crypto is going to have!

The fall of the $ ... The rise of the crypto!

DON'T sell early, when the economy's fall you will be richer then many rich fiat hoarders !

cdog

hero member

Activity: 1036

Merit: 500

Quote from: Mondy on November 29, 2013, 06:18:22 PM

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

thats what they said about $1000 hows that working out

LiteCoinGuy

legendary

Activity: 1148

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In Satoshi I Trust

Quote from: Siegfried on November 30, 2013, 09:21:33 AM

Quote from: LiteCoinGuy on November 30, 2013, 09:14:02 AM

Quote from: malevolent on November 29, 2013, 06:22:51 PM

Quote from: Mondy on November 29, 2013, 06:18:22 PM

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Same was said about $10, $100 and $1000. Sure, some cashed out. Some even went full fiat (never go full fiat...) but in the end the only thing that changed was that more people got introduced to Bitcoin, happy to buy before the next increase in price.

Thanks for that. When we hit 10k, people wait for
20k or 50k, not everbody will cash out ;-)

It will be funny when we see a typical bitcoin crash and the *noobs* are in panic modus.

What do you expect to happen to the btc/ltc rate during a bitcoin crash?

that some exchanges may collapse under the high traffic. that the cashout has a huge delay. that people are in panic-mode. maybe that will happen.

but bitcoin will not be dead after that. it will return.

look in the past to see the future

g83

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Quote from: ?? on ??

I'll have to show my dick at work, cash out 5% and wait for 100k

Thats cool

Hagglefaen

newbie

Activity: 30

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Use them all on one pizza, as a poster wrote years ago...

techstorm2

full member

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Quote from: johnyj on November 30, 2013, 04:36:15 PM

I will spend some coins to sponsor a quantum mining rig project Grin

Arent bfl already taking preorders for this. Lol. Cheesy

Topic: What would you do "when" bitcoin hits 10,000......... (Read 6405 times)