If BTC goes to $1000 or more, what would you do?

[dsly]

Well to be honest I would sell
I am not a big fan of the volatility of bitcoin, and have suffered huge losses already. I would be happy to sell.

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[manselr]

Well to be honest I would sell
I am not a big fan of the volatility of bitcoin, and have suffered huge losses already. I would be happy to sell.

If you sell to not buy again at a cheaper price you will end up paying for it.

[huanix]

What use do I have for USD?

hint: little or none.

[tins]

Well to be honest I would sell
I am not a big fan of the volatility of bitcoin, and have suffered huge losses already. I would be happy to sell.

A lot of people were happy to sell at $10 when it plunged from $39 to $2 overnight.
This is a long term project. Valuations now are volatile, that is for sure, but once the mainstream acceptance is complete- that volatility should stabilize (for the most part). Right now, there is still that possibility that some big players can artificially move the market.

[Slaxt]

What use do I have for USD?

hint: little or none.

That's funny i don't either but that's only because i am not in a country that accepts US paper, if you live in the US you need to pay your bills you need to pay health insurance, you need to buy food fuel heating the list is endless i have to assume you do not live in the US lol

I am selling most of my holding on the way to 1000 and setting up business and coming back when the price has hopefully dropped and my business has made profit /:)

[flyingplows]

...

I started into the BTC world after BTC had backed off its all time highs (over $1000), I started slowly buying at around $700 and having been buying more on the way down.  For the moment I have no plans to spend them.

That would change if BTC goes back up to $1000 or even above its earlier all-time highs.  I will mention below what I will likely do further below, but here is a chance to tell people WHAT you would do with some or all of your BTC if we have a BIG price rise within, say, the next year or two:

If BTC goes to $1000 or more, what would you do?

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1) Buy gold!

2) Look for a good investment in the BTC community

3) Very possibly hoard the rest

if btc price goes to 1000 and beyond to lets say 5000-10000 i think interesting things are going to happen.. think for a moment what would happen if big players like amd or intel would enter the business.. at what price and adoption level would they enter? how would they behave? what would they do?  what would goverments do when they see this happening.. at first i think they would sell the equipment and not mine for themselves to reduce the risk and this is a point when everybody knows btc, and the moon would be next stop 

[TheButterZone]

The companies (probably most companies who accept BTC) using payment processors to instantly convert to fiat and tank the markets by oversupply are not "the Bitcoin economy". They fucked the Bitcoin economy by putting everyone who bought at higher prices in the position of having to spend/sell at a loss, or hold so as not to lose money. Not spending BTC on fuckers.

What would you have them do? Bitcoin is volatile, and their operations run on paper money.

One would presume a company wouldn't be running in the red or such razor thin margins that it would go bankrupt by not dumping (holding) BTC, with BTC conversions only a single digit or decimal percentage of their gross income, and they especially wouldn't if most other companies did the same. But see the asterisk below.

It is not a question of margin. Companies have to operate on strict budget. They can't report their balances as say within some range, the projections have to be accurate.

Nobody is really punished for making inaccurate projections, as psychic powers are not a standard. Overstock projected higher BTC revenue, then filed another SEC report saying the projection was not reached.

[franckuestein]

Well to be honest I would sell
I am not a big fan of the volatility of bitcoin, and have suffered huge losses already. I would be happy to sell.

Never go all-in with an idea or something… you can regret it later 
The future for bitcoin is ambitious, of course. Let's go step by step and we'll see what happens, but don't make a quick decision on what you're going to do with bitcoins. Think about it.

[opossum]

What are the reasons for the rise in price to $1000 is what i would look hard into, if there was a good reason i would hold 75% and only slowly sell little bits on the way up. If there was no news it would be the opposite i would be selling 75% and holding the rest. After they have been sold i would not log in here for a few weeks at least and i would be partying in that time and buying up some property to rent i would like something to show for it and of course a little gold/silver will be a must..

[chek2fire]

I will go out for a beer.. 

[franckuestein]

I will go out for a beer.. 

This^^

Like a sir. 


If you want: quote me and remember this comment. If bitcoin hits 1000$/BTC we're going to celebrate it with a beer, for sure 

[luv2drnkbr]

Probably put 20% of my bitcoin into nubits or bitusd.  I don't love bitcoin's variance, but it's still a waaaay good investment (just swingy), and I can't bring myself to keep my money in a form that somebody else can control and confiscate.

Or I may not-- the whole point of Bitcoin is to break away from the banking system, so even using USD and thinking in USD goes against that.  The few bitcoin businesses I've started have always had fixed btc prices (for at least a few months at a time anyway) for that exact reason.

[The Wise Guy]

I would start selling aha, but i highly doubt they will go back up that high. They have been steadily decreasing over the years, and I believe it's partly due to the mining of BTC, so they may continue to drop and then level off, with occasional spikes caused by large volume trading.

[winchancer]

Definitely sell it at high and buy it at low again.

[gentlemand]

I'll do exactly what I did last time - not a great deal. If and when it gets back there then there'll be far more compelling reasons than last time. It'll be the beginning, not the conclusion.

[johnyj]

If bitcoin goes to 1 million USD, what would you do?

For me, it will not be too different than now. Since I don't need extra money to improve the life quality dramatically, and I have never really understood the potentials of the bitcoins in my wallet, so it does not really matter how much they worth

Only when bitcoin can achieve something that fiat money that can never do, then bitcoin start to be more meaningful. For example it can enable you to command some transformers or space travel to another galaxy, or give you a perfect wife or an eternal life...  something like that  

More practically, if some of the top quality service is only payable in bitcoin, then bitcoin's price becomes more meaningful, higher price will give you the ability to enjoy more service that fiat money can never get. Bitcoin economy need such kind of enabler

[OROBTC]

...

johnyj beat me to it:

"If bitcoin goes to 1 million USD, what would you do?"

I was thinking of starting a new thread: "If BTC goes to $10,000 or more, what would you do?"

The next thread: $100,000

The one after that: $1,000,000



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I don't have any idea if BTC will get that high ($10,000, in non-hyperinflated dollars).  Based on all my reading, however, it is very possible (likely) that we will get to $1000 before very long (a year or two or three is a shorter amount of time than you might think).

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Another poster above mentioned Bitcoin investments.  Yeah, I am really interested in learning about such BTC investments.  Hmm, a new thread for that too?

[foxkyu]

i will sell my bitcoin to make ROI
and the rest is holding my bitcoin
if bitcoin price goes down i will buy again for sure

[mercistheman]

I'll yawn and wait ZZZzzz

[zee11224]

Its Fiat Question