If price of BTC reach 50K who is going to buy?

[The_Dark_Knight]

There are 6 billion people in the world (let's just say). There are 21 million bitcoins. If you own 1 bitcoin you own the bitcoins of ~286 people. Think about it that way. Now those 285 people need to scramble to buy a bitcoin. And you think they'll stay around $4000!?

Not everyone is going to get into bitcoin, however you make an interesting exercise if the world population is 7 billion and only ten percent are going to ever get into bitcoin then that means that if you hold a bitcoin then you own the bitcoin of 33 people so the more you own the more valuable bitcoin becomes since fewer people will get access to bitcoin.

[swscowods]

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 lots of people who would be willing to buy because for the price to have risen from 0-10-400-900-1500-3000-10000 up till when it reached 50k without being brought down then the market has a lot of potentials to offer to investors.

[joseafonso123az]

If it reaches this value, maybe bitcoin will be widely known and used by people. That said, it may be stable and, who knows it will have plenty of use in the future for people, so I believe people will buy them, even if that means buying a small portion of bitcoin.

[romero121]

If the price reaches $50k, surely people feel it to be unaffordable. But in reality even a single Satoshi becomes more valuable. Based on this people give the same importance as now in the future. An example for the same is the value of fiat in the past to the the present day. In the past single USD was much valuable, but right now the same value was for about $100, similar variations will happen with bitcoin in the coming days.

[RodeoX]

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.

One bitcoin is a completely arbitrary amount of bitcoin.So the price is completely irrelevant.
Of course I will buy at whatever price. When you buy $100 worth of bitcoin it does not matter if the price per coin is $0.11 or $11,000,000. Stop thinking of bitcoin as coins, they are not coins. It is more like a big pie and if the price is high then you get a smaller piece. But you still can have $100 dollars worth of pie.
 

[SoulEaterRR]

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.

Of course, the price is sky-high and buying at such a high price will not be enough. This is pure speculation on bitcoins (I mean large percentages of the whole bitcoin). Simply, many will switch to other alternative crypto-currencies.

[shursight]

This is the same as those who bought at $200 when it was at that price. Probably they thought that nobody was gonna buy bitcoin if it reaches $5000.
Now everybody is crazy for buying a coin, or maybe less than a coin, but they want to buy bitcoin no matter what. So the volume in bitcoin is amazing, and there is more people buying everyday, so i think that people will buy bitcoin no matter how much is the price.

[jellyhashman]

If it reaches this value, maybe bitcoin will be widely known and used by people. That said, it may be stable and, who knows it will have plenty of use in the future for people, so I believe people will buy them, even if that means buying a small portion of bitcoin.

IMHO it must be used by people not as speculation, but as a payment tool.