What would you do "when" bitcoin hits 10,000.........

[LiteCoinGuy]

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Same was said about $10, $100 and $1000. Sure, some cashed out. Some even went full fiat (never go full fiat...) but in the end the only thing that changed was that more people got introduced to Bitcoin, happy to buy before the next increase in price.

Thanks for that. When we hit 10k, people wait for
20k or 50k, not everbody will cash out ;-)

It will be funny when we see a typical bitcoin crash and the *noobs* are in panic modus.

[Siegfried]

Some people are stupid.

Buy a ferrari after saving for 10 years. Ferrari gets broken, repair costs $50k, have fun.

Exactly my point. No one should be spending more than 5 percent of their net worth on a luxury car.

[Siegfried]

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Same was said about $10, $100 and $1000. Sure, some cashed out. Some even went full fiat (never go full fiat...) but in the end the only thing that changed was that more people got introduced to Bitcoin, happy to buy before the next increase in price.

Thanks for that. When we hit 10k, people wait for
20k or 50k, not everbody will cash out ;-)

It will be funny when we see a typical bitcoin crash and the *noobs* are in panic modus.

What do you expect to happen to the btc/ltc rate during a bitcoin crash?

[Lauda]

What do you expect to happen to the btc/ltc rate during a bitcoin crash?

It should go up.

[digitalfog]

When "wall street" finally gets into the bitcoin game, you will see Bitcoin over $50,000 in a blink of an eye. 

When the MSM begins acknowledging (in the future) that Bitcoin's daily transaction volume and currency volume is getting
close to major credit card companies, we should see $100,000 per bitcoin.

mBTC at $100 will be the norm.

[jubalix]

Some thoughts.......

From the beginning to now, money came into the bitcoin system from mostly poor people who could only put down a few thousands at most. This "new" money is the reason why we have had crashes. People invest 1k and realize that their 1k had turn into 10k, 100k, or more, indeed a life changing sum for most early adopters, this causes a large amount of BTC wealth to be transfer to the "old money" individuals.   

This "old money" is from the fiat-rich folks who will still buy in at 5k, 10k, 50k, per coin, mostly as a storage of wealth. I predict that after the 5k range and beyond, the "old money" effect will kick in and stabilize the prices. Wealthy investors would not invest all their millions in bitcoin but, I am guessing, that they would keep their money in bitcoins longer, not having the life changing urge to sellout like the early, mostly broke, adopters, thus ultimately stabilizing the prices.

Any input on this idea would be great, thanks.

I certainly hope your theory is correct.

after 10K wealthy investors would give way to funds management, which will take you to the 1Million+ mark easily
though after 100K you would also see sovereign nations forced to hold BTC or loose serious political power, so they would help take it to 1 Million mark as well. I don't think anyone on here has really taken that nations will need to hold a percentage of crypto's, at that point cryptos are being supported by the tax base

o

[johnyj]

I will spend some coins to sponsor a quantum mining rig project 

[techstorm2]

I will spend some coins to sponsor a quantum mining rig project 

Arent bfl already taking preorders for this. Lol. 

[Hagglefaen]

Use them all on one pizza, as a poster wrote years ago...

[g83]

I'll have to show my dick at work, cash out 5% and wait for 100k

Thats cool

[LiteCoinGuy]

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Same was said about $10, $100 and $1000. Sure, some cashed out. Some even went full fiat (never go full fiat...) but in the end the only thing that changed was that more people got introduced to Bitcoin, happy to buy before the next increase in price.

Thanks for that. When we hit 10k, people wait for
20k or 50k, not everbody will cash out ;-)

It will be funny when we see a typical bitcoin crash and the *noobs* are in panic modus.

What do you expect to happen to the btc/ltc rate during a bitcoin crash?

that some exchanges may collapse under the high traffic. that the cashout has a huge delay. that people are in panic-mode. maybe that will happen.

but bitcoin will not be dead after that. it will return.

look in the past to see the future

[cdog]

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

thats what they said about $1000 hows that working out

[Catempire]

Crypto coins are far more stable then any fiat currency... If the small money goes out more big money will come in and there will be many people kicking themselves for not believing or researching the economy enough to know what a profound effect crypto is going to have!

The fall of the $ ... The rise of the crypto!

DON'T sell early, when the economy's fall you will be richer then many rich fiat hoarders !

[mootinator]

In the interest of sticking it to the bankers who continue to make it as difficult as possible to acquire bitcoin I'll take out a few bitcoins and make a lump sum mortgage payment that will double itself in saved interest payments.

[siggy]

mansion, yacht, hookers, blow....

Umm.. in all seriousness, I won't be doing anything beyond telling a couple friends "you really should have listened to me..." ...

OK... so I'll probably be looking for new friends....

Sigg

[DoomDumas]

You do realise IF it hits 10k, everyone will begin cashing to fiat, as bitcoin alone is still pretty useless. Panic will cause a crash of some sort..

Peoples were telling this for when we will reach 100.. and when we will reach 1000.. the story will just repeat again at 10 000

[jubalix]

my 0.001 btc is worth $10, long term hold confirmed.

[Catempire]

The whole point is now that bitcoin is being recognised as a currency it is far safer then any other currency in existence. It has a place next to gold but realistically would be better then gold as transactions can be digitalised... Anyone who sells more then 5% of there bitcoins at 10000 will seriously regret it in the long run...

It might take a few years to get there but like many on here I will be holding for the big rewards providing nothing changes! We just need the financial downturn to worsen and it will rocket... For now tho a slow increase in value is very good for the price!

[jackioflap]

Why bother going to fiat at all. If it hits 10k or 100k then one would hope that you could actualy start truly using it for your basic needs. You go get groceries and pay with BTC through your phone to the giant address on the wall and show the cashier who confirms and there you go. No more need to cash out to fiat. Systems are introduced to do any neccesary calculations for the rise and fall of BTC value when you go to pay.

[omega33]

I will do nothing
when it hits 10k, it is likely everyone will use btc in our daily transactions.