What you do if bitcoin reach 5000 $?

[traderbit]

I will sell all my btc (45 btc to 225000$)

I will sell my btc too, 5,000 USD is pretty a good profit to make even by buying at the current price, somewhere @x10 is the profit so why not

Yeah if bitcoin reaches to that price than majority of us will sell all their coins and make huge profits and I think that is the right thing to do and we can buy again in future when price drops.

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.

[ebliever]

I sell my btc's (3BTC)

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$?

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.

[prtty2gal2]

Most likely if this will happen I would sell them very fast because I think it also will go down very fast after it has this price.
Selling would let you gain huge profits for sure.

No, it will not go to down very faster if it reached to that value because when bitcoin will reach to that value it will have gained a lot of fame and a lot of people will be there to support it and will have in their wallets, so they will not dump it.

[lister storm]

i would buy even more bitcoins in my opinion because i would hope the price to go up even more than just 5 thousand dollars per bitcoin, my aim is way bigger in order to become rich one day

i would wait to such heights as 20 thousand dollars per bitcoin because bitcoin has a lot of potential to grow to such price and in my opinion the only question is when it will happen

[HarryKPeters]

I will most likely cash out my bitcoins because I think with such a amount I do not need to wait anymore if you ask me.
The most over here will most likely cash out, its logical right ?

[eddyubachs]

I will most likely cash out my bitcoins because I think with such a amount I do not need to wait anymore if you ask me.
The most over here will most likely cash out, its logical right ?

Of course, and if you don't sell at that price hoping that it will go beyond that then you are taking a big risk of playing with your profits, better to sell and make good money from it.

[willope]

Then I'll have exactly 5000$.
So I'll go to Hawaii, have some hookers and then back to my room to watch my PC screen all day.

[uki]

@OP: I will probably wake up and turn on my computer to check the real price of Bitcoin (that will be still about ten or more times less than that).
Then I will realize that this was yet another unrealistic dream that won't happen any time soon.
 

[tabas]

Then I'll have exactly 5000$.
So I'll go to Hawaii, have some hookers and then back to my room to watch my PC screen all day.

That is a big amount for having a vacation in Hawaii, then after spending that amount, you will just go collect again to earn some btc again,
And go again for another country and have some hookers again. Repeatedly.

[SquallLeonhart]

I will sell all my bitcoins and convert it to my local currency, and I will invest that money in real estate, as it requires huge capital at initial stage so profits earned from bitcoin can help me there.

[mrhelpful]

Kinda hard to say what I`d do with the value, since by the time we see it, I can be gone from natural causes of death.

But assuming it hit now, or the recent future. I would probably just treat out all my family and few friends a great place to eat.

The rest would be used for speculating of buying and selling and obtain to create more cash.

[tabas]

I will sell all my bitcoins and convert it to my local currency, and I will invest that money in real estate, as it requires huge capital at initial stage so profits earned from bitcoin can help me there.

That is a good idea, investing in real estate because the value of land is getting more high as the time goes by, and it is good to invest in property rather than cars because cars every year depreciates unlike real estate.

[mrhelpful]

I will sell all my bitcoins and convert it to my local currency, and I will invest that money in real estate, as it requires huge capital at initial stage so profits earned from bitcoin can help me there.

That is a good idea, investing in real estate because the value of land is getting more high as the time goes by, and it is good to invest in property rather than cars because cars every year depreciates unlike real estate.

Its a good idea, but like anything you get into you need a deep understanding of things.

I know the very basics, but you gotta also factor in costs vs if the investment needs more work on the property - then hoping for a sale is really not a answer.

People who been successful at flipping houses are those who networked or built a team around how to get in and out. \

-contractors cost
-lien on the property or not
-negotiation if it does have a lien holder for what price - if you can pass this with a bank
-a damn good realtor who has a huge network and their plans on selling it

[tabas]

I will sell all my bitcoins and convert it to my local currency, and I will invest that money in real estate, as it requires huge capital at initial stage so profits earned from bitcoin can help me there.

That is a good idea, investing in real estate because the value of land is getting more high as the time goes by, and it is good to invest in property rather than cars because cars every year depreciates unlike real estate.

Its a good idea, but like anything you get into you need a deep understanding of things.

I know the very basics, but you gotta also factor in costs vs if the investment needs more work on the property - then hoping for a sale is really not a answer.

People who been successful at flipping houses are those who networked or built a team around how to get in and out. \

-contractors cost
-lien on the property or not
-negotiation if it does have a lien holder for what price - if you can pass this with a bank
-a damn good realtor who has a huge network and their plans on selling it

We all know that it is very expensive to invest in a real estate / property. If you are concern with the cost, its up to you on how are you going to understand that circumstance.
But for me, real estate would be a really good thing to pay for and invest to. You are in a win-win situation with that kind of investment.
You can use it when ever you want, and if you are get bored of your property you got to sell it even with higher price depending on its location and some other reasons.

[uki]

If Bitcoin goes to $5k, what would be the price of the real estate by then?
$5k would then most probably have much lower value in terms of goods you could buy, than it has today.
I somehow don't get it, how people look at Bitcoin price without considering the global picture.

[Altynbekova]

I will sell all my bitcoins right away, if this happens I would be very rich but if course its a unrealistic price..
I hope this will happen in about a few years because than we can become all rich.

[Bitcoinbro]

I will sell all my bitcoins right away, if this happens I would be very rich but if course its a unrealistic price..
I hope this will happen in about a few years because than we can become all rich.

I also would sell my bitcoins this will only happen once with the bitcoin if you think about selling is the best thing you can do.
With selling you can become really reach if you think about the fact you bought it low for around the 300 dollar.

[umaOuma]

I will sell all my bitcoins right away, if this happens I would be very rich but if course its a unrealistic price..
I hope this will happen in about a few years because than we can become all rich.

I also would sell my bitcoins this will only happen once with the bitcoin if you think about selling is the best thing you can do.
With selling you can become really reach if you think about the fact you bought it low for around the 300 dollar.

Yes and everyone will sell all their coins and will enjoy huge profits, and at that time we cannot get greedy hoping that price will go beyond $5k or else you will cry for entire life.

[uki]

I will sell all my bitcoins right away, if this happens I would be very rich but if course its a unrealistic price..
I hope this will happen in about a few years because than we can become all rich.

I also would sell my bitcoins this will only happen once with the bitcoin if you think about selling is the best thing you can do.
With selling you can become really reach if you think about the fact you bought it low for around the 300 dollar.

Yes and everyone will sell all their coins and will enjoy huge profits, and at that time we cannot get greedy hoping that price will go beyond $5k or else you will cry for entire life.

the million dollar question is, who will be the buyer at this price if all people want to sell. This once again demonstrates this forum is full of dreamers who don't have their feet on the ground. Awaking may be quite disappointing. 

[darewaller]

Most likely if this will happen I would sell them very fast because I think it also will go down very fast after it has this price.
Selling would let you gain huge profits for sure.

You said that you will sell all of them as you have a fear that the price will go down again, then keep remember a currency go to increase in value only when people adopt it and make it in use and when everyone leave it the value drops down, so if everyone think like you then it will definitely come down, we should have to stay with it so that the value remain at height for longer time.