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

[hua_hui]

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

It that's gonna happen soon, I will just cry. I will cry because I didn't start earlier to buy in, I will cry because I've spent all I could until now on alts.

you still have a chance to buy in now! No cry! LOL

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[NeuroticFish]

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

It that's gonna happen soon, I will just cry. I will cry because I didn't start earlier to buy in, I will cry because I've spent all I could until now on alts.

you still have a chance to buy in now! No cry! LOL

Yeah, and if I buy now and bitcoin will get to 50$.. again, I will cry.
I know, I am not a good investor. I don't have funds "I can afford to lose".

[hua_hui]

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

It that's gonna happen soon, I will just cry. I will cry because I didn't start earlier to buy in, I will cry because I've spent all I could until now on alts.

you still have a chance to buy in now! No cry! LOL

Yeah, and if I buy now and bitcoin will get to 50$.. again, I will cry.
I know, I am not a good investor. I don't have funds "I can afford to lose".

I think bitcoin is on the bottom now and margin safety is high, worth to take the risk IMO. The altcoins is more risky than bitcoin, a lot of scam and shitty dev are around! Probably you are choosing the promising altcoin!

[operrajunk74]

If BTC goes to $1000 i would prefer to sell half of the BTC and keep the rest and would invest that again buying in BTC when the value goes down. And then income that i have generated by selling half of the BTC would definitely invest in buying Gold.

[Undermood]

I will sell half and keep the other half. When the price drop a bit, I will buy more!

[achow101]

All I think is Bitcoin won't hit $1000 agian because people will dump when it only $300 

[MUFC]

$1000 would be a tough barrier to break through. It it hit $1000, I'd definately sell. It might go higher, but I doubt that it would go much higher.

What makes it a tough barrier? It's been there before and can easily go there again. You just have to look at the massive potential of bitcoin and it has barely scratched the surface of the its potential use in several huge industries. Remittance market alone is worth billions, then you've got gambling and adult industries etc which are worth billions more. Potential is endless.

[Chris_Sabian]

All I think is Bitcoin won't hit $1000 agian because people will dump when it only $300 

Wait until the next halving and then let's talk.  We are still in the area of huge inflation for bitcoin.  If the price doesn't rise in for the next halving or the 2020 halving, then bitcoin will be done.

[bryant.coleman]

I bet the Winklewii won't sell even a single bitcoin at $1000.

According to a news article posted in the Press section here, they have already offloaded most of their coins. I was very disappointed when I heard the news. They bought their coins in 2012, when the exchange rate was like $5 per coin. They should have shown a bit more patience. But I can't blame them either. A lot of people are giving up... And I am about to offload some 45% of my coins very soon. 

[ChuckBuck]

I bet the Winklewii won't sell even a single bitcoin at $1000.

According to a news article posted in the Press section here, they have already offloaded most of their coins. I was very disappointed when I heard the news. They bought their coins in 2012, when the exchange rate was like $5 per coin. They should have shown a bit more patience. But I can't blame them either. A lot of people are giving up... And I am about to offload some 45% of my coins very soon.  

Hmm, I don't see that about the Winklevii selling any coin anywhere especially the Press section:

https://bitcointalk.org/index.php?board=77.0

I did a quick Google News search as well and came up empty.  I think you misread an article or are mistaken.

[futureofbitcoin]

I bet the Winklewii won't sell even a single bitcoin at $1000.

According to a news article posted in the Press section here, they have already offloaded most of their coins. I was very disappointed when I heard the news. They bought their coins in 2012, when the exchange rate was like $5 per coin. They should have shown a bit more patience. But I can't blame them either. A lot of people are giving up... And I am about to offload some 45% of my coins very soon. 

This is good news, if it's true, I think. Big investors would be hesitant to invest in something that is controlled by a few people that isn't themselves.

[M95]

Sell 50% off my coins and keep the other 50% for if it ever skyrockets in worth.

[kinnu]

I am waiting for the same to take profit for my investment in bitcoins. I will sell 60% of my coins and hold remaining coins.

[bryant.coleman]

Hmm, I don't see that about the Winklevii selling any coin anywhere especially the Press section:

https://bitcointalk.org/index.php?board=77.0

I did a quick Google News search as well and came up empty.  I think you misread an article or are mistaken.

Check this:

https://bitcointalk.org/index.php?topic=1034728.msg11169779#msg11169779

I am not sure about this. The news link says that "At one time they owned 1% of all mined bitcoin". It can be interpreted in different ways.

[futureofbitcoin]

Hmm, I don't see that about the Winklevii selling any coin anywhere especially the Press section:

https://bitcointalk.org/index.php?board=77.0

I did a quick Google News search as well and came up empty.  I think you misread an article or are mistaken.

Check this:

https://bitcointalk.org/index.php?topic=1034728.msg11169779#msg11169779

I am not sure about this. The news link says that "At one time they owned 1% of all mined bitcoin". It can be interpreted in different ways.

You mean like, when there were 10,000,000 bitcoins, they owned 1%, which is 100,000 coins, but eventually there are 14-15 million coins, so they no longer have 1% right?

[Chris_Sabian]

$1000 would be a tough barrier to break through. It it hit $1000, I'd definately sell. It might go higher, but I doubt that it would go much higher.

The same tough barrier that was in November / December 2013?

The same was also said when bitcoin was about to reach dollar parity. (1 bitcoin = $1).

You never know what the future holds or what will happen in bitcoinland.

[BitCoinNutJob]

Bitcoin price will rise next years. IMHO next ATH will be 3000$. Mass adoption coming. Bitcoin is the best investment. If price will reach 5000$ I will sell my 50% of coins. Later I will be waiting for next ATH

[BTCevo]

$1000 would be a tough barrier to break through. It it hit $1000, I'd definately sell. It might go higher, but I doubt that it would go much higher.

The same tough barrier that was in November / December 2013?

The same was also said when bitcoin was about to reach dollar parity. (1 bitcoin = $1).

You never know what the future holds or what will happen in bitcoinland.

But for now the trend is going up so it has a chance to go higher because of that and that 1bitcoin = $1 is a very long time ago I dont think it will go back, if later if they go back I think there must be high wall against it

[nerFohanzo]

I will sell all of my bitcoins and wait till when the prices again goes down may be around $100 or $200 so i can get back into business again. But if it hits $1000 would sell it off and enjoy the profit by investing some where else where less investment is required.

[Bizmark13]

I wouldn't do anything when the price hits $1,000. I do have a plan for what I'd do with my coins if the price ever reaches stratospheric levels but they involve amounts much larger than a couple of grand. Other posters have mentioned that many people by now have probably become disillusioned with Bitcoin because of the continuing fall in prices and perhaps some of those people might have lost faith in it but that doesn't change the fact that Bitcoin is an exciting and revolutionary technology. The potential upside is huge and because of this, I don't think I'd want to risk selling even 1/2 of my coins even if it means that I might miss out on the opportunity to scoop them back up for a cheaper price later on.

My ultimate plan is to sell 1/3 of my stash once BTC is enough to buy me a decent house ($50,000-$100,000 should do it). The other 1/3 will only be sold once the BTC price is worth ~$500,000-$1,000,000 which should be enough for me to retire on. The last remaining 1/3 will be hodled forever.

(I also have a small amount of BTC kept separately from the rest of my savings which I might use for occasional purchases, etc. but the bulk of my stash is kept as savings.)

I will sell all of my bitcoins and wait till when the prices again goes down may be around $100 or $200 so i can get back into business again. But if it hits $1000 would sell it off and enjoy the profit by investing some where else where less investment is required.

Why would the price drop down to $100-200 after rising to over $1,000? I mean, sure it happened once in the past but that's no guarantee that the exact same thing will happen again if Bitcoin decides to spike. When the price spiked from $13 to $265 in early 2013, it never once again reached the low double digits. Someone who sold all their coins during the peak and waited for the price to go back down to $13 would have had no bitcoins by the time the price jumped up to $1,200 in November.