Bitcoin Forum

Hi,
   ??? I'm Chai from Malaysia, this is my question here for discussion!! What will happening, if in this few years Bitcoin pricing keep going to increase to USD1000 or above? ???

a lot of people who are saving bitcoin today will get rich soon. Also, the bitcoin will be accepted to everything. That is why, i am saving bitcoin now for future use

what do you expect to happen?!
a lot of the investors who had bought bitcoin cheap would sell at that time and the price will go down a little but if there is real buy support that caused the price rise in the first place then it will go back up after the sale.

That's true

It basically means that those who buy today will have made a good investment choice, so get on board if you can, remember you dont have to buy whole bitcoins to own some bitcoins.  you can buy small amounts.

If the price will be increased to $1,000 and above then more people will be interested to invest in bitcoin, for a large number of people that were holding large amount they will get profit by selling these bitcoins.

A rise in price will show that Bitcoin is growing.More and more people, merchants and companies will accept it.
For you, if you already should own a bit of Bitcoin it means you made some nice profit. Then you can decide if you want to cash out, buy something nice with your Bitcoin or keep holding it in hope the value will continue to increase.

Goodnews for us if bitcoin keep increase in price because many company will embrace and accept bitcoin payments trading may reflect and making bitcoin as another currency will be possible all over the world.

If the exchange rate continues to increase, then Bitcoin will be used more like an investment asset rather than as a currency. No one will exchange Bitcoins for commodities or retail items, if he is aware that the value of the coins will increase by 10,000% or 25,000% in the next 10 years. Actually, this is one of the major challenges for the Bitcoin sector.

We have been there before and a lot of people waited for it to climb even higher, because everyone was screaming "To the Monn" .... Lots of people predicted prices of $2000 and even $10 000 ...so

they bought at that price. Now they have to wait until it reach that price again to be able to make a profit. We now know a bot called the Willy bot, was one of the reasons the price climbed to that

level. {Or so they say} If it goes to those levels again, we will see a repeat of that situation... greedy people,  getting even more greedy and burning their fingers and blaming Bitcoin for their losses.

It's obvious, market rules apply here like in every market in the world.
When price is going up, more people sell and price increase eventually stop and starts to go down.
When this happen, again, at some point, we will have more people who are buying than selling their BTX and price will go up again.
It's important that some big companies and merchants become involved here.
If this happen, we will have much bigger demands for Bitcoin and price will increase a lot, what will happen average, small users to sell bTC for the good price.

In BTCitcoin market, those users that have been holding some amounts will get the biggest profit and those who would jump in could end up with losses (upcoming after everything starts to settle in right after the halving phase is done). Miners would be the happiest if this happen since they might actually continue to mine with their old mining rigs if it goes that high.

If bitcoin keep increasing its value, you will need less bitcoins to buy things, you will see tradings for small amunts of bitcoin on exchanges, and it could be used as a value for savings like gold is now.

My opinion once this happens many holders will dump their coins to the exchange to get advantage of the profit they going to make after investing a lot of their time.

the dump by "many" holders will only happen if the price rises in a short time or in other words there is a pump (bubble) going on. but if the $1000 is reached slowly over the few year the price just like $420 now, will be stable and nobody will dump anything.

There may be 2 scenarios:
1. Either you will see a lot of buyers getting added to the markets and buying loads of BTC taking it to newer highs...
2. Or we may see an end to Bitcoin world if the price becomes too expensive for everyone including us...

if bitcoin reaches $1000 , I believe that a lot of holders will sell a portion of their bitcoin and this will cause a drop in the prices. but if there is new adopters and users join bitcoin, this will balance the supply and demand and the price will not drop

Well that is true.,.. most of us hold our coins for the price increase...If a price increase happen, most will sell part of their wallet or might sell the whole and wait for the price to drop..After the increase a drop might really happen..the whole thing would just run in cycle..after a price increase , a drop will follow and repeat it again..

Nothing will happen beside people securing profits when the price reaches $1000. The market won't be any different from now.

only the early adopter will be very rich, the majority will be sitting on some healthy cash but nothing grounbreaking, because they are holding few bitcoin only

I personally dont even think that the value will rise in Bitcoin because you also can see now that the value is stable and the halving must also come so it wont be the best year.
It will be nice of course if the value will increase very much but we have to be realistic.