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Author Topic: What to do if Bitcoin's value explodes!  (Read 3166 times)
Bazil
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June 02, 2011, 04:09:32 AM
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I've been thinking about this.  The bitcoin's value will inevitably increase.  If it goes into the triple or even quadruple digit range I think the big holders of bit coins should refrain from cashing out.  I think that would risk crashing the market.  Instead leak the coins out at a steady pace and live off them, or better, use them in direct transactions rather than exchanging them first.  I think if everything goes right bitcoins could become the new gold, a safe harbor investment always appreciating in value.  Basically what the US dollar was supposed to be 65 years ago.

17Bo9a6YpXN2SbwY8mXLCD43Wup9ZE4rwm
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kiba
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June 02, 2011, 04:18:02 AM
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http://bitcoinweekly.com/articles/comic-reaction-after-dramatic-rise-of-bitcoin-s-value

Bitcoin Bubble!  Grin

Maged
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June 02, 2011, 04:33:42 AM
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If it goes into the triple or even quadruple digit range I think the big holders of bit coins should refrain from cashing out.  I think that would risk crashing the market.  Instead leak the coins out at a steady pace and live off them, or better, use them in direct transactions rather than exchanging them first.
If they were stupid enough to cash out all at once, they would have done it a long time ago. Remember, there was a time when bitcoins were worth less than a penny.

adrian33
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June 02, 2011, 04:39:06 AM
 #4

If you have large stashes, wait for a financial institution to accept and then lend/invest them on your behalf.

Even better, go to an investment bank and help them create a bitcoin division.

Then again, it's not for me to tell people what to do.

marcus_of_augustus
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June 02, 2011, 05:48:36 AM
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if bitcoin explodes, we'll cross that bridge when it blows up.

... or get down on hands and knees and clean up the mess.

Denicen
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June 02, 2011, 06:44:28 AM
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This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.
Jaime Frontero
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June 02, 2011, 07:52:55 AM
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This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.

and a ferrari dealership...
IIOII
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June 02, 2011, 08:55:57 AM
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Quote
What to do if Bitcoin's value explodes!

Search for cover.  Grin

Bazil
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June 02, 2011, 02:36:45 PM
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This has me thinking about what the biggest threat to bitcoin's value is at the moment. In my opinion the biggest threat is that some early adopter wants to buy million dollar+ house and has to sell off all of his bitcoins to do it. Conclusion: we need a bitcoin real estate company.

The problem with that is the seller of the house has to agree to accept bitcoins.  If not the real estate company or some bank would have to act as an intermediary and exchange the bitcoins for dollars, which would affect the market.  Although if someone does buy a house based on bitcoin profits I think the crash would be temporary, the publicity from the transaction would whip it right back I think.  A cheap house would be about 10,000 bitcoins at a going rate on mtgox atm, or 100,000 bitcoins for a really nice house.  If there is any person who has over 100k bitcoins, then we already have some people who were made millionaires by bitcoin.

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silversurfer
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June 02, 2011, 03:07:16 PM
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http://www.youtube.com/watch?v=T9uuPza41Uw

 Grin

That which is falling should also be pushed.
Alex Beckenham
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June 02, 2011, 03:18:03 PM
 #11

Conclusion: we need a bitcoin real estate company.

It's on my to-do list. http://www.bitcoinrealestate.com

Dansker
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June 02, 2011, 03:54:21 PM
 #12

I think the best solution would simply be to send me all this excessive money.

I guarantee it will only be used for good.

=

Problem solved.

IIOII
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June 04, 2011, 12:53:26 PM
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The current speed of "value growth" is really breathtaking...   Shocked

Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).

marcus_of_augustus
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June 04, 2011, 11:35:04 PM
 #14

The current speed of "value growth" is really breathtaking...   Shocked

Any purchase of something of high value (real estate or some loads of P.M.) would be good for BTC in the midterm, because it could have a large psychological effect regarding the belief that there is some real value behind BTC (which is essential for the success of any kind of currency).

You mean like pizzas?

On the regression theorem, we can trace bitcoins value chain all the way back to when it was first used in exchange for pizzas.

akasakarealestate
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June 05, 2011, 02:56:20 AM
 #15

I run a real estate company in Tokyo (www.akasakarealestate.com) and would consider making a rental contract in Bitcoins for some of my own properties. Also I am selling a beachcondo for bitcoins: http://akasakarealestate.com/bitcoin/forsale.htm
Let's see how long it will take before the first real estate transaction is done in Bitcoins.
Babylon
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June 05, 2011, 04:49:46 AM
 #16

I think bitcoin value HAS exploded.  I boguht in when they were 6 cents apiece, that was not long ago, now they look like they are going to make $20 each soon.  That is a HUGE explosion.

ocharry
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June 05, 2011, 05:34:32 AM
 #17

Retire then celebrate  Grin
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