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Bitcoin Forum > Economy > Economics > Speculation > Some day, bitcoin price reached $1000， what will you do?
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Question: What will you do when bitcoin price reached $1000?
Sold them and quit this #¤% crazy game - 7 (9.6%)
Sold them and wait to buy back at $100 - 4 (5.5%)
Hold them until there is an urgent need of cash - 32 (43.8%)
Borrow money to live, pay back the loan with coins - 3 (4.1%)
Buy coins with fixed amount of dollar every month - 8 (11%)
Borrow money to buy coins - 0 (0%)
Buy ASIC mining rig every month - 1 (1.4%)
Buy power plants and ASIC factory - 4 (5.5%)
Create bitcoin related business - 14 (19.2%)
Total Voters: 73

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Author Topic: Some day, bitcoin price reached $1000， what will you do?  (Read 1402 times)
johnyj (OP)
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Beyond Imagination


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March 06, 2013, 05:53:14 AM
 #1
Another test of faith  Wink
Why bitcoin will appreciate forever: https://bitcointalk.org/index.php?topic=277275.msg3244038#msg3244038
luffy
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March 06, 2013, 06:04:55 AM
 #2
erase my wallet.dat  Grin
1Pakis
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March 06, 2013, 07:01:24 AM
 #3
and make 3 low level formats of the disk drive with the wallet.dat.
Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
kjlimo
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March 06, 2013, 07:10:52 AM
 #4
Where's the sell less than all of my position button?
Coinbase for selling BTCs
Fold for spending BTCs
PM me with any questions on these sites/apps!  http://www.montybitcoin.com


or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
mb300sd
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March 06, 2013, 07:33:10 AM
 #5
Spend them as bitcoins.
1D7FJWRzeKa4SLmTznd3JpeNU13L1ErEco
kjlimo
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March 06, 2013, 07:33:51 AM
 #6
Quote from: deathcode on March 06, 2013, 07:29:50 AM
Quote from: kjlimo on March 06, 2013, 07:10:52 AM
Where's the sell less than all of my position button?

I'm paying off my mortgage! Smiley


+1 good call.

Then buying my wife a big fat rock.

Then perhaps some trust funds for my unborn children...
Coinbase for selling BTCs
Fold for spending BTCs
PM me with any questions on these sites/apps!  http://www.montybitcoin.com


or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
kjlimo
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March 06, 2013, 07:34:18 AM
 #7
Quote from: mb300sd on March 06, 2013, 07:33:10 AM
Spend them as bitcoins.

www.bitcoinstore.com

This!
Coinbase for selling BTCs
Fold for spending BTCs
PM me with any questions on these sites/apps!  http://www.montybitcoin.com


or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
Jaw3bmasters
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March 06, 2013, 07:49:04 AM
 #8
Brute-forcing might actually be worth it.

Someone needs to liberate coins with no private keys......
In Cryptography we trust.
Kupsi
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March 06, 2013, 07:58:53 AM
 #9
I will do the same that I will do from $300. Sell/spend 0.5% - 1% om my remaining coins every month.
Melbustus
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March 06, 2013, 08:21:57 AM
 #10
Quote from: deathcode on March 06, 2013, 07:29:50 AM
Quote from: kjlimo on March 06, 2013, 07:10:52 AM
Where's the sell less than all of my position button?

I'm paying off my mortgage! Smiley



What? Why? Assuming you have a low fixed rate 30yr denominated in fiat, why the heck would you ever pay that off early? There's going to be a lot more fiat created long term...
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
smoothie
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March 06, 2013, 08:46:32 AM
 #11
@OP depends on what $1000 can buy you when it hits that price....toilet paper maybe? who knows.
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Melbustus
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March 06, 2013, 08:47:04 AM
 #12
Quote from: deathcode on March 06, 2013, 08:41:32 AM
Quote from: Melbustus on March 06, 2013, 08:21:57 AM
Quote from: deathcode on March 06, 2013, 07:29:50 AM
Quote from: kjlimo on March 06, 2013, 07:10:52 AM
Where's the sell less than all of my position button?

I'm paying off my mortgage! Smiley



What? Why? Assuming you have a low fixed rate 30yr denominated in fiat, why the heck would you ever pay that off early? There's going to be a lot more fiat created long term...

Because I can't accumulate BTC forever... What's the point in having them if you'll never spend them? They have to serve a purpose some day... to me, that day is when I have enough to pay my mortgage, if ever. Smiley




Invest in bitcoin related businesses?
Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
onealfa
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March 06, 2013, 04:31:04 PM
 #13
What ? $1000?  Is this a joke?
I'll not sell even one satoshi until it hits minimum $5000.  $10000 prefered ( it would not take more then 5-7 years anyway)
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