Bitcoin price hits $100 000 in 2017

[Kprawn]

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets.  

[croutonhexagon]

Yes definitely I still forget everything and i will sell everything that i have in my wallet. Because I think there wouldn't be any better time to sell and p make profit out of it. May be in Future price may reach righer than that but i will earn and make you wallet filled till then.

[xdrpx]

That's a massively large price bounce to happen in a very short amount of time, but I'm not going to go further into discussing if that's achievable/possible or not. Considering realistic figures, if the price of Bitcoin rise above USD 1000, there would still be a lot of buyers cause people monitoring the Bitcoin markets would be aware of the Simple moving averages of historical prices and would be able to speculate if the price would rise further or not. But yes, these are still speculations. Lets consider that if the price bounced further up from USD 1000 to USD 1500 within a month of reaching USD 1000, then instead of buying 1BTC people would buy 3/4th of it and still own a substantial amount of value in Bitcoins. Bitcoin's would always be possible to buy in smaller and smaller fractions as the price bounces up, cause it'd still be of great value considering the price rise. It would hence not be needed to buy one whole Bitcoin at that point of time, but instead invest in smaller fractions. And yes, those who earlier purchased their Bitcoins have the benefit of enjoying the price rise for their fortune.

[Ayers]

shouldn't this be in speculation? since there is no guaranteed that it will hit 100k in 2017, i think it will not even hit 10k if we want to be serious, for me i would not sell everything ever but i would use bitcoin, which is more convenient, but for somethign else like buying expensive thing i might sell my bitcoin, because you can't really pay in some country, an house with bitcoin

[Sir Alpha_goy]

Better hope you have liquidity and reserves saved up for paying the tax man.

Also, why say only 100,000.

It is going to go much much higher through the stratosphere.

Last I heard it was going to Andromeda.

Buckle up and hodl on for dear life as Bitcoin enters warp drive.

[dserrano5]

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying?

If the price reaches 100k, it's because someone is already doing the buying. I can't see any point in asking who or why.

[Sir Alpha_goy]

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people would sell at that price, but who would do the buying?

If the price reaches 100k, it's because someone is already doing the buying. I can't see any point in asking who or why.

So many people are going to be on the Bitcoin train once this thing hits critical mass.

The population of the world is the limit.

So many buyers that won't even want you to ask them questions.

[Oilacris]

Let's say something happens in 2017 and Bitcoin's price per bitcoin reach $100 000 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price... Bitcoin will garner a

lot of attention from hackers and scammers.

Would Bitcoin reach a price, where it is simply not economically viable to buy it... { even if you buy only a few Satoshi's }

A lot of people {those who did not do their research} seem to think, bitcoins can only be bought as a whole unit.. 1 bitcoin at a time. I think,

as the price rise, we should emphasize the fact that you can buy fractions of a bitcoin. Some of my friends thought you can only buy whole

bitcoins, and they only started buying, when I explained it to them. We have our work cut out for us, when Bitcoin reach higher price

brackets.  

$100k price per  bitcoin is  not  possible for  year 2017 and  even  into those  upcoming years  i dont  think so  that  it would reach that  peak amount.  Adoption  would  really be needed  in able to reach  that. Good for you that   youd able to convince your friends  to engage on bitcoin and  there are really people  especially to those  have  no idea  on bitcoin  thinking that they must  buy 1 whole  bitcoin.

[crairezx20]

Well same here that i going to sell all my bitcoins and ignore my altcoin because some of my bitcoin is already investing into other altcoin..
Because if you miss this price just like 2013 when the price jump into 1k value.. many people are surprise for the price increase so they sell all their bitcoin investment and be rich..
But i think this coming year the only possible price can be reach or touch i think 1k value to $1400 value. this is possible price will happen in the next year..

[neochiny]

I'll admit that when I first started, couple years back, I thought I really had to buy at least 1 Bitcoin. This is because people are used to thinking that 1 is the least denomination, like, "1 Dollar, 1 GBP (1 apple, 1 car). 
But because of the sheer high value/price of a single bitcoin, we get to buy in increments. Say, 100 dollars worth, a thousand, etc. 

$100k in 2017 huh. I'd wonder how the economy would have crashed. That'd be pure chaos.
 

[CoolJakeB]

While I do think the price of Bitcoin per US dollar will reach four digits (above $1000 per bitcoin) in 2017, to think that it will increase anything more than that in a calendar year would be a shock to many. It would be great if Bitcoin did ever reach the $100,000 per Bitcoin since I have made some Bitcoin investments, but I do not see it happening anytime soon in the foreseeable future. We have to make sure that the popularity of the cryptocurrency continues to increase, and with that the price will rise as well.

[European Central Bank]

a $100,000 bitcoin, assuming it stabilizes somewhat around there, would mean it had become one of the world's premier league stores of value. you could depend on it to maintain the value you put in and hope that it would grow. in that scenario buyers would be a big chunk of the world's population. everyone with a little money is looking for something like that.

last time i checked a kilo of gold was a few tens of thousands too. that doesn't stop people buying it.

[kiklo]

Let's say something happens in 2017 and Bitcoin's price per bitcoin drops to  $100 per bitcoin, what would you do first? I know most people

would sell at that price, but who would do the buying? Security will have to be your first concern, because at that price...

Would BTC Die, when the miners quit Mining it? 

Here Fixed that for you.  


 

[CroIsBest]

Bitcoin price will not be 100000$ in 2017 it cant go up so fast how much you think I am really sure in that if you dont trust me then check how bitcoin price was moving in past and then compare with this price moving in this moment now and you will see and also this price is really high for some cryptocurrency so that price 100 000$ is so hard to imaginate in my brain and it will not gonna happent never i am sure in that but i also with that but it is only in my dreams and in all of this forum  heads and it will always be only a dream which will never gonna happent but we could become really easy rich if that gonna go to happent.

[calkob]

I thought that these sort of posts where banned not that long back  but yueah if it did happen i would wait till it hit a million...... what can i say i'm greedy  

[mrcash02]

It looks very improbable for me. $100.000 dollars is a very big amount! But hypothetically talking, I would sell half of my BTCs and keep the rest. Selling half of them would be enough to do a lot of amazing things.

About the transaction, nothing different from what we have now, an escrow would be necessary. I just don't think a person would buy 1 BTC. People would buy only some thousands or millions of satoshis, few persons would buy more than these amounts.

But I think BTC was projected to reach to a high price someday, so some hundreds of satoshis would cost some cents of dollar. In a distant future it can happen, not in 2017.

[fiserman]

I would sell 50% of my assets which would be around $200,000 and I would buy a nice house. I would take advantage of the tourist boom in my country and rent out rooms on airbnb using my nice luxury house.


I am thinking that the realistic price for 2017 would be $1,000 to $2,000 though.

[jak3]

if bitcoin reached at scale accidently in 2017 then yes no one will buy it anymore but all we can do is try to hold on that amount first like spreding that balance inro smaller packets by buying multiple altcoins at some prices so if the price again goes dow  them they will be safe with the balance they have

[karawantbtc]

futile as the "bitcoin is dead" threads. What if bitcoin hits a trillion billion in 2019??

[RGBKey]

If this were by some miracle to happen, I assume it would come with extremely widespread adoption of Bitcoin and that it would also mean we would have a lot more places to spend bitcoin.