If Bitcoin moved above $10,000 USD per coin what would you do?

[davis196]

I'd be getting ready for sharper moves higher

I don`t know.I don`t believe that this will ever happen.

This would be a dream come true for me and all bitcoin users.

I hope that the price will reach atleast $1000 next year.

[coynedterm]

probably i would quit social life for a long time then go out if i am rich as f*ck.

[onlinedragon]

It's not wrong to dream but maybe it will not happen in the next few years. I can remember when the block halving was there a lot of people expected a hugh price increase what didn't happen. The last coins will be mined in the year 2140 things will be more valuable if they don't get created anymore. So possible you see each year a little price increase and can it take years before you hit the $10 000.


https://en.bitcoin.it/wiki/Help:FAQ#How_long_will_it_take_to_generate_all_the_coins.3F

How long will it take to generate all the coins?
The last block that will generate coins will be block #6,929,999 which should be generated at or near the year 2140. The total number of coins in circulation will then remain static at 20,999,999.9769 BTC.
Even if the allowed precision is expanded from the current 8 decimals, the total BTC in circulation will always be slightly below 21 million (assuming everything else stays the same). For example, with 16 decimals of precision, the end total would be 20,999,999.999999999496 BTC.

[Senor.Bla]

i would be happy, but also this would not change my life since it "just" went up 20 times in value. this is nice but if you do not life in a poor country and have at least the famous 21 bitcoin, then it should make you happy, but i will not change your life.

[ethereumhunter]

if this is really happen in next 1 or 2 years later, then i will become one man rich on my city  because peoples on my city not much that know bitcoin and i guess they don't want to know about bitcoin.

[Johnny00]

bitcoin price will never reach 10,000 USD per coin and even if that is possible then it would only happen in more than 20+ years

I bet you 1BTC it will happen within 20 years..

How can we put it in escrow to pay out conditions?

[20kevin20]

The same thing that took place in the winter of 2013 would happen again. People would sell all, and the price will then fall.. If it would reach $10k, buying & saving would be the best idea for the price to keep rising.

[zodin]

if it happen i know i will be in the top richest person of my city, because bitcoin will make me so rich, and in my area no one know so much about bitcoin, but i think it is very difficult to happen in next few years, we can only think about that.

[isen]

My answer is not different from the rest here,i will sell most of my coins and buy a house or a new car,unfortunately i don't have enough so i  can quit my job.
But $10,000 USD per coin is insane and i don't think it will happen soon,who knows maybe Bitcoin will reach this price in 100 years from now when none of us will be alive.

[groll]

Feels like heaven!  I would sell some of it and encash it.  Try to buy shares from stocks and find a mutual fund which can help to rapidly grow my money.  I would of course taste the sweet fruit of earning bitcoins and buy some thing that would always remind me of the great thing happened in my life.  Only if I have bitcoins.  Hope that I will get atleast one of it when it reaches that price.

[sulendra12]

Well , I think it's like a dream if that event comes true. But in past 2 years , we have seen about the price was up until $1000 but for $10k i think it's extremely hard to risk . If that happened , i will sell it and making offline shop in my home for getting stable income.

[TGD]

I'd be getting ready for sharper moves higher

Actually it will hard to happen to that price it's very high , another question is if the price goes to $10,000 who will buy it? Need some buyers to make it move higher , and every one of us want to buy cheap but not in high price.

[DaddyH]

How can anyone say BTC will never be worth $10k? If BTC can be adopted more and regarded as an alternative store of wealth by mainstream investors. Then the price will certainly grow.

[Recoon]

more than 10.000 $ is a huge improvement. The best thing at that time will be follow the trade closely.

[Searing]

Not much I'm afraid.

I have 100 btc.

The shock would kill me dead on the spot if it got to that price. (Just saying)

[1Referee]

I am sure the majority of the people would have already sold their coins between the $1000-$2000 levels. But just for the sake of answering this question directly. I would cash out probably 25-50% of my total coin count. This is assuming I keep holding the coins that I have now till that price level.

[TastyChillySauce00]

I am sure the majority of the people would have already sold their coins between the $1000-$2000 levels. But just for the sake of answering this question directly. I would cash out probably 25-50% of my total coin count. This is assuming I keep holding the coins that I have now till that price level.

if the price were rising fast i guess they won't,the one which makes people selling their coin massly is a price falling which will make them panic and at the end it will become panic selling,they'll keep holding until it reach the peak and the price falling little bit,it's the rightest time i guess

[Searing]

I am sure the majority of the people would have already sold their coins between the $1000-$2000 levels. But just for the sake of answering this question directly. I would cash out probably 25-50% of my total coin count. This is assuming I keep holding the coins that I have now till that price level.

Again I would be dead Too much 'joy' for my brittle heart if such a price would come to be with 100 btc in my hoard)

By the by when I had 1-10 BTC I was a lion for bravery in 2013-2014.
Buying equipment. Drinking the kool aid etc. Nothing fazed me.

Now with 100 BTC I sit around saying 'my precious' and spend most of my time going WTF is going on in the crypto world as my cowardice increases.

hmmm...more to lose now I guess (kool aid wore off damn it)

[1Referee]

I am sure the majority of the people would have already sold their coins between the $1000-$2000 levels. But just for the sake of answering this question directly. I would cash out probably 25-50% of my total coin count. This is assuming I keep holding the coins that I have now till that price level.

Again I would be dead Too much 'joy' for my brittle heart if such a price would come to be with 100 btc in my hoard)

By the by when I had 1-10 BTC I was a lion for bravery in 2013-2014.
Buying equipment. Drinking the kool aid etc. Nothing fazed me.

Now with 100 BTC I sit around saying 'my precious' and spend most of my time going WTF is going on in the crypto world as my cowardice increases.

hmmm...more to lose now I guess (kool aid wore off damn it)

I kinda understand you, but it also depends on the price you have been buying the majority of your coins at. If your average buying price sits far below the current market price, then there is not much to worry about. At this point the coins that I hold in cold storage have an average buying price of around $180-$200 which makes it quite easy for me to talk about being calm and everything. May I know what your average buying price is?

[Searing]

I am sure the majority of the people would have already sold their coins between the $1000-$2000 levels. But just for the sake of answering this question directly. I would cash out probably 25-50% of my total coin count. This is assuming I keep holding the coins that I have now till that price level.

Again I would be dead Too much 'joy' for my brittle heart if such a price would come to be with 100 btc in my hoard)

By the by when I had 1-10 BTC I was a lion for bravery in 2013-2014.
Buying equipment. Drinking the kool aid etc. Nothing fazed me.

Now with 100 BTC I sit around saying 'my precious' and spend most of my time going WTF is going on in the crypto world as my cowardice increases.

hmmm...more to lose now I guess (kool aid wore off damn it)

I kinda understand you, but it also depends on the price you have been buying the majority of your coins at. If your average buying price sits far below the current market price, then there is not much to worry about. At this point the coins that I hold in cold storage have an average buying price of around $180-$200 which makes it quite easy for me to talk about being calm and everything. May I know what your average buying price is?

I mined mine using Titan scrypt miners.Actually got some more from the KNC bankruptcy. So I'm about 35k since 2013 in elec and equip and such for that 100 btc. The new equip
I scored should pay off 11.4k by Dec 15th. Thus I plan on sitting on the 100 btc and now it looks like I may be able to mine till End of Life on these machines and get down to (or close to) ZERO in any costs towards the 100 btc I'm sitting on now. I mean any $$$ of the remaining 25k or so I shoot towards NON-BTC related stuff....I can claim it knocks down my real
investment in BTC. Thus hopefully 100 BTC free and clear by end of life of my Titan Scrypt miners in total (3300mh)

Cowardice however increases on the above strategy

added:

So to sum up ...if

1) btc goes up I'm golden

2) btc acts like a traditional stock investment and goes sidways say 5 to 7% a year up...also ok

3) btc goes beanie baby ..well I'm even

thus is the plan as it is now....sounds mighty nice when people ask me how much money I lost in BTC since 2013 I tell them I have 100
and (before new miners) 25k invested. It should sound even nicer if/when I say 100 btc in the hoard and have ZERO in it anymore. All profit

So yeah I'm probably in the 200 range of BTC so ahead of the game on top of the above