Topic: What would you do "when" bitcoin hits 10,000......... - page 2. (Read 6405 times)
I will spend some coins to sponsor a quantum mining rig project
Some thoughts.......
From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.
This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.
Any input on this idea would be great, thanks.
From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.
This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.
Any input on this idea would be great, thanks.
I certainly hope your theory is correct.
after 10K wealthy investors would give way to funds management, which will take you to the 1Million+ mark easily
though after 100K you would also see sovereign nations forced to hold BTC or loose serious political power, so they would help take it to 1 Million mark as well. I don't think anyone on here has really taken that nations will need to hold a percentage of crypto's, at that point cryptos are being supported by the tax base
o
When "wall street" finally gets into the bitcoin game, you will see Bitcoin over $50,000 in a blink of an eye.
When the MSM begins acknowledging (in the future) that Bitcoin's daily transaction volume and currency volume is getting
close to major credit card companies, we should see $100,000 per bitcoin.
mBTC at $100 will be the norm.
When the MSM begins acknowledging (in the future) that Bitcoin's daily transaction volume and currency volume is getting
close to major credit card companies, we should see $100,000 per bitcoin.
mBTC at $100 will be the norm.
What do you expect to happen to the btc/ltc rate during a bitcoin crash?
It should go up. 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?
Some people are stupid.
Buy a ferrari after saving for 10 years. Ferrari gets broken, repair costs $50k, have fun. Exactly my point. No one should be spending more than 5 percent of their net worth on a luxury car.
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.
Looks like we are heading to 10k in the near future. What would you do with all your newfound wealth?
Nothing.Some people are stupid.
Buy a ferrari after saving for 10 years. Ferrari gets broken, repair costs $50k, have fun. 
Sorry guys, if it hits $10k/btc I'm cashing out my $200k usd and buying an ashotn martin or ferrari. That's the only reason i'm in this game
And when you take it to mechanic after 1st year you will sell your kidney to pay for bills....
Nothing. Same as I am doing now.
You could be saving for 5-10 years to buy something expensive, eventually you will have no use of it since you won't be able to maintain it.
Some people are stupid.
Yeah like you
Sorry guys, if it hits $10k/btc I'm cashing out my $200k usd and buying an ashotn martin or ferrari. That's the only reason i'm in this game
And when you take it to mechanic after 1st year you will sell your kidney to pay for bills....
Nothing. Same as I am doing now.
You could be saving for 5-10 years to buy something expensive, eventually you will have no use of it since you won't be able to maintain it.
Some people are stupid.
Some thoughts.......
From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.
This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.
Any input on this idea would be great, thanks.
From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.
This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.
Any input on this idea would be great, thanks.
I certainly hope your theory is correct.
Sorry guys, if it hits $10k/btc I'm cashing out my $200k usd and buying an ashotn martin or ferrari. That's the only reason i'm in this game
And when you take it to mechanic after 1st year you will sell your kidney to pay for bills....
Nothing. Same as I am doing now.
You could be saving for 5-10 years to buy something expensive, eventually you will have no use of it since you won't be able to maintain it.
Sorry guys, if it hits $10k/btc I'm cashing out my $200k usd and buying an ashotn martin or ferrari. That's the only reason i'm in this game
And when you take it to mechanic after 1st year you will sell your kidney to pay for bills....
Nothing. Same as I am doing now.
I am trying :-) Hashing at 150 GH/S now. Looking to GROW.
Upgrade to 1500 GH/s and you're good to go. 
I will cry
I am trying :-) Hashing at 150 GH/S now. Looking to GROW.
My bank roll of .3 BTC seems really small. Have I missed the boat?
Can you swim ? Better try and go after it!!
My bank roll of .3 BTC seems really small. Have I missed the boat?
@ 10k i will still be wishing that I never donated that .25 BTC ($10) to LP.org
Jump to: