Bitcoin price hits $100 000 in 2017

[Yakamoto]

Take what would amount to everything I have in Bitcoin and get it all offline and store it somewhere that it is relatively inaccessible for basically everyone.

If I think the value is going to cap out at $100k, then I'll siphon off the value in $20-$50 orders, making it relatively unknown as to how much I have, while also maintaining a fair amount of liquidity.

If I had a full Bitcoin that'd be nice.

[jonald_fyookball]

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.  

U don't understand how markets work.  Price only reaches certain level BECAUSE theres more buyers than sellers at that level.

[FlightyPouch]

If bitcoin reach $100 000 next year? that will be awesome. A lot will be busy making a new account listing new emails, new passwords and new bitcoin adresses. A lot of people will be trying to earn bitcoin. It will be a full time job of many people. Knowing that information I think many people will buy bitcoins now for that.

[iram1011]

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.  

It's just impossible, a pump like this . I think there is 1 possibility around billions of chance!
And a lot of people will become really rich in just some months!

Probably we need 100 years to see a big pump like this !

[knyolku123]

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.

yes I think is true. $100 000? I think it is impossible which for now in November only $ 700 range is very difficult when in 2017 reached $ 100,000.
if only $1000 I think is relevant. I hope the price of bitcoin is always grow up.

[HarryKPeters]

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. 

It's odd. Today i got an email from kraken, stating that even phone numbers are not even safe anymore.  So got to look for a new waterproof security.

Your point of 100k per BTC is interesting. The price is determined by supply and demand if there is demand @ 100k, there will be plenty of supply however selling at that price would be very uncertain, since why would it stop at 100k? I would some a stash at 10k, then 20k etc. I think most of us got such a plan, so I would probably hold not enough coins to selll when that times comes

[MingLee]

Maybe I would go and sell it all, I personally don't know what I would do in an event like that. I'm currently leaning towards the expectation that I would analyze the market and decide on what I would do from there, but you never know. You might get frantic and sell early, late, or you might end up not selling at all. It really comes down to the dedication of it all to be honest. Sometimes it is worth making the dive, other times not so much.

[lottery248]

if the economy is crashing, as bitcoin is backed by fiat in general, even if the bitcoin soars to 100k, it still could lead bitcoin to lost its value after inflation weighted. if i had bitcoins that time, i would only sell a part and buy some altcoins, that's my answer.

[The_Dark_Knight]

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.  

In order for bitcoin to reach such a high price something of gigantic proportions needs to happen at that point, I don't know if even price should be a concern at all but what you can buy with that 1 BTC.

[cpfreeplz]

I really don't think there's any merit to saying people think you have to buy a whole bitcoin. I got into bitcoin learning through faucets. It was pretty obvious they weren't giving out 1 bitcoin at a time. If someone can't do a quick google search then clearly they aren't technologically skilled enough to try to understand anything about bitcoins.

[lionheart78]

Though impossible to achieve n a short span of 1 year and assuming bitcoin price hit $100,000  will surely gather the interest of hackers and thief.  We all know that bitcoin security is somehow hard to break but I think there will be lot of attempt to do a 51% attack in the network of BTC.

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

I  think bitcoin will always be economically viable to buy, the price won't hit that high if people cannot afford to buy it.  A simple rule of price driven by demand and capability to buy of people.

[romero121]

Not at possible to $100000 for a single bitcoin in such a short term, because to reach near to $750 it had took 8years and to the max it had gone close to $1500. By some sudden movement if it happens will try to cash out to fiat for a secured living.

[mafgwaf@gmail.com]

If bitcoin hits $100,000 in 2017 , Even I know its impossible. Many people will use bitcoin, And many other people will make bitcoin as their full time job. Even now Im making bitcoin as my full time job to sustain my daily life style

[outatime1]

If bitcoin becomes that valuable, there would need to be some altcoins that fill the niche as an cheaper alternative to make small transactions. In this way, several currencies can function at the same time, like silver and gold.

[OROBTC]

...

It is extremely unlikely that Bitcoin could reach a price of over, say, $3000 in 2017. 

There are way too many people who would sell at $1200 - $1400 (over its previous all-time high) vs. potential new buyers.  I see nothing in the current dynamics of BTC mining, BTC demand, and BTC acceptance by merchants to give me hope of a huge & majestic move to very high numbers in a year or so.

However...

It is very possible that in the next 2 - 5 years (or so) that BTC demand could take off as more people get into it (and we hope) more merchants will accept BTC as payment.  The long-term prospects are not bad at all (that assumes, of course, that BTC does NOT have a fatal flaw nor that a new coin does not destroy it).

$100,000 per Bitcoin could come, but not until demand goes UP and the mining reward gets slashed in half again.  But, this is all unknowable...

[traderethereum]

its too far to reach that price but if we are only imagine first, then i will do selling my bitcoin for the mostly amount i have, and then i will buy house for me. i am sure that there are still many people will be buying bitcoin but for buying 1 bitcoin in one order buy, i think its only few people will do it, the rest maybe will buy with small satoshi.

[coinableS]

Maybe.

On 5 November 2007, A shares of Petrochina on the first day of trading after its IPO on Shanghai Stock Exchange skyrocketed from the IPO price of 16.7 RMB to 43.96 RMB by the close (the opening price was even 48.6 RMB). That gave a market capitalization of about $1 trillion.

Bitcoin with a 1 trillion dollar market cap would be $62,500 per coin (assuming there are 16 million coins).

[pooya87]

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. 

this is never going to happen and certainly it will never happen in one year -till 2017- since there is no reason for why that many people start buying bitcoin besides bitcoin network can not handle that many people yet, so maybe in a couple of years.
and as for buying there is always option to buy a fraction of bitcoin which is also going as small as 1 satoshi (10e-8) what else do you want

[choppork]

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

Sell some of my coins just enough to start a business in real life. That would be an investment for me. It's quite hard to sell all our coins at that point because it might pump even more in the future. You don't want to sell all your coins and then see other people enjoying even much more higher price the next time you visit.

[BlackPanda]

I think it is a difficult thing. probably bitcoin could reach 2,000 USD in 2017. I strongly believe that in 2017 the price of bitcoin will rise high enough.