Topic: What you do if bitcoin reach 5000 $? - page 4. (Read 5722 times)

And this is why it will be so hard to reach $5000, because so many people are short-sighted and dump their BTC at the first profit as measured in fiat. But if fiat really is in trouble from government mismanagement and cryptocurrency really is the wave of the future, why would you ever sell out?

If bitcoin hit $5000 then the market cap would be over $75 Billion. At that level the flight of capital from fiat to bitcoin could be large enough to be making a macroeconomic impact - one that could begin feeding on itself given that central banks have already used all their ammo trying to prop up their currencies (think negative interest rates). So it might well be past the 'tipping point' (assuming the transaction volume bottleneck had been resolved by then), in which fiat currencies could go into a death spiral in favor of bitcoin/gold/whatever else.

In which case people selling their bitcoin for $5000 apiece would find they just bought a wheel-barrow full of money that will buy them a loaf of bread, while the buyer of their bitcoin will be part of the new wealthy elite.

TL/DR: I'm hodling.

If nothing else my time trading altcoins has taught me to "sell on the backside" of a price spike. Not while it is on the way up. You can't guess the peak, and people tend to sell out way too early in the big price spikes.

This price more than an ideal price, so buying again at that stage does not make too much sense, even though the price i think that i will leave a part of them for a longer period of time maybe 10% or so.

Well it all depends on the reason why it rose up so much in the first place. If there's an incoming bubble, i would dump all my holding with
no second thoughts and buy myself a car most probably, but if the rise was caused by some huge news that coluld mean stabile price or
a possible rise, i would stay a hodler i am today.

I m 100% sure, everyone sell their bitcoins, i m also sell my bitcoins, if everyone have same thinking and same doing, than you know bitcoin's price will be down, so how can it possible that bitcoin will reach 5000$?

I will cash out all the bitcoin I hold and start a business with those cash. As a part bitcoin acceptance will be implemented for all sorts of services provided in my business.

Try to collect as much as you can at a moment, as price would be worth more in future so holding for future and selling when see the best price is highly recommended.

this topic motivate me to accummulate more and hodl bitcoin. as of now i only have 0.05 ,i hope i have atleast 10 btc when btc  reach $5000

That would be very funny indeed! To pay back the debt with the Bitcoin, while China is the biggest miner for Bitcoin.

Thats not a quiet difficult question because i should do what everybody does on that point.
And that is sell them of course he wont rise after reached the 5000.

that's what will happen if everyone want to sell and onlly a few that buy bitcoin , price will go down fast after reach or maybe will not reach that $5000.

That's right, that what I want to say. But you have a good suggestion, I think i will try to do that,
after the bitcoin halving happens.

I would commit suicide because I just lost all my money gambling.  I try to stop but it is so addictive.

However, I have relief that $5000 is a highly unrealistic price. 

Not only you either all of us will celebrate and surely i will cash out all my btc so i can put it on my bank and save and go earn again new bitcoins and i dont think you will do the same as i do and spend our btc happily on shopping and other relaxing activities

Not only will celebrate but all of us that uses bitcoin, lets just wait for the upcoming halving and lets see the result altogether.
But on your opinion that bitcoin will be the new fiat, I think that is impossible, or if its possible that would happen for a long time.

I will celebrate first, because that day would be a great day. and in case the price has reached $5000 at the current rising speed (meaning a slow rise little by little) I would be so much happier because that price will stay and also reaching such a price would mean  a lot more people are using bitcoin so I will never sell my bitcoin since bitcoin will be the new fiat.

Not only bitcoins, but also fiat money, CIA is controlling everything in US together with Us treasury.
If cia will pay debts to chinese buy using bitcoins, they will grant it because they have the most miners

This is hilarious! The largest owner of bitcoins is the CIA and US Treasury--maybe the US can use bitcoins to pay off debt to Chinese?

Great dude, you have so many amount bitcoin if you sell all of it and change it into 225000 Dollars you will become rich fast. But i think 5000 Dollars each bitcoin is very expensive although if it really reach i am sure that it will take a long time.

so curently you have 45BTC?that's awesome. but you will not see that bitcoin price in next 5 year maybe,but if its really happen,i will not change my purpose,that was earn bitcoin as much as i can,sell when i need cash money,or spent bitcoin when its have good place to do it.

If Bitcoin gets to $5000 at one time I will most probably liquidate all my funds invested in Bitcoin and happily cash out and enjoy the rest of my life partying and travelling. But I fear if everyone sells their coins at once the Bitcoin market will surely crash and may not recover again. However I doubt it we will have such an opportunity in the next 50 years.