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

[M28MmickT]

Hodl until the end. I'll buy things with it, thanks. No cashing out for me, ever. Or that's what I tell myself... If it ever hits 1 million THEN I'll cash out, not any earlier.

That is the beauty of btc it is a free market and you can do what you want, but you may have to hold forever because the math will not allow btc to go to a million from what i have worked out of course i maybe wrong but it will need roughly 35trillion to get there lol
Where is that money coming from?

You don't need 35 trillion. If by that time 99% of bitcoins are hodled/used directly, then only 1% of it will be traded, thus only 350 billion is needed.

Where are you working out your math dude?

It matters not what you are doing with the coins if each coin has a value of $1,000,000 and there is 15,000,000 supply that is 15trillion market cap that means there needs to be $15trillion in bitcoin TO HOLD A $1,000,000 for it to get to that price does it not?

On a side have no idea where i got 35trillion from lol

[cafucafucafu]

Nothing. The moon is at 10k.

[futureofbitcoin]

Hodl until the end. I'll buy things with it, thanks. No cashing out for me, ever. Or that's what I tell myself... If it ever hits 1 million THEN I'll cash out, not any earlier.

That is the beauty of btc it is a free market and you can do what you want, but you may have to hold forever because the math will not allow btc to go to a million from what i have worked out of course i maybe wrong but it will need roughly 35trillion to get there lol
Where is that money coming from?

You don't need 35 trillion. If by that time 99% of bitcoins are hodled/used directly, then only 1% of it will be traded, thus only 350 billion is needed.

Where are you working out your math dude?

It matters not what you are doing with the coins if each coin has a value of $1,000,000 and there is 15,000,000 supply that is 15trillion market cap that means there needs to be $15trillion in bitcoin TO HOLD A $1,000,000 for it to get to that price does it not?

On a side have no idea where i got 35trillion from lol

I didn't calculate, I just used your number.

The thing is, market cap doesn't mean that's exactly how much its worth. Let's say that Satoshi owns every single bitcoin, and then he auctions off 1 bitcoin for 1 million. Then the market cap of all bitcoins would be # of bitcoins * 1,000,000. Also, only 1 million USD is needed to achieve this result, you don't need however many trillions.

But if he auctioned off 10 bitcoins, then they probably won't fetch 1 million each. If he auctioned off 1,000,000 bitcoins, they almost certainly wouldn't be worth 1 million each anymore.


So you don't actually need enough cash to buy every single bitcoin at a certain price in order for bitcoins to be trading at that price, if that makes sense at all.

[Btcvilla]

Nothing, mabey spend a few because of my increase buying power, I did nothing when it was at $1000 before.

[bg002h]

For a fair number of people, the answer is "break even."

[Beliathon]

Continue holding. Like a boss.

[cramved]

If it went to 1000 I would hold as I don't have much so there is no reason for me to sell as I would only make $100. And that $100 would not change much for me.

[Snipe85]

Sell some and party.
Even if it goes to a new ATH I won't sell all, there's always a chance for it to go higher and even at $500 I'll have enough to call it the best investment of my life.

I started slowly buying at around $700 and having been buying more on the way down.  

In other words you caught a falling knife.

[Berau]

I would continue holding the BTC until it reaches $1,000,000.

And when it reaches $1,000,000 I'll go out on the streets and just stuff random people's pockets with $100 notes.

[true-asset]

The last peak was around $1200, so I would expect the next peak to be around $2400. Therefore, I will hold as it crosses the $1000 mark again.

[BitmoreCoin]

I would continue holding the BTC until it reaches $1,000,000.

And when it reaches $1,000,000 I'll go out on the streets and just stuff random people's pockets with $100 notes.

It depends on how many BTC you have. If you only have 1 BTC, then you can only stuff 10,000 people's pocket.

[kusumadewi]

...

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?

*  *  *








1) Buy gold!

2) Look for a good investment in the BTC community

3) Very possibly hoard the rest

If bitcoin price will be over 1000$ i will sell some of btc and some again i will hold it until price i think enough and sell it again

[Frost]

I would probably sell over a half of my stack to convert it to USD. I would hodl the other half.

[Agestorzrxx]

Nothing, it's just $1000, the potential should be more than $10K.

[Hazir]

Nothing, it's just $1000, the potential should be more than $10K.

10k is not happening in the next 10 years for sure. It it not certain that it will ever happen. I would not be so optimistic about 10 k bitcoin price  without solid ground to support that claim. And most of the people from this thread are saying that they will be holding their btc till the end and even after. People it is life, and you have only one. Spend it while you can. You don't want to keep your bitcoin in your coffin after all...

[tss]

once it hits $1000 i will buy more and then wait for it to drop again.

[futureofbitcoin]

I think the majority of people on here don't hold enough btc for a 1k price to affect too much.

A better question would be if your BTCs are suddenly worth 1M*, would you cash out**? How about 10M? 100M?


*1M USD, present value

**By cashing out, I mean exchanging to fiat or buying stuff with it, instead of hodling.

[maku]

Some people are so greed blind they will hold forever. And that is little sad. Do not wait for price rise to some mythical values - use your bitcoin on daily basis.

[Q7]

Reading most of the comments tells me that people are just too optimistic. Before we even reach 1k, we should at least ask ourselves whether we can breach the psychological 300 level. I'm not trying to sound negative in anyway. While there's chance for price will go up, we just shouldn't set our mind thinking about the same thing all day long.

[bf4btc]

once it hits $1000 i will buy more and then wait for it to drop again.

This is a good strategy i must say probably the same as quite a few others

They think there is no hope now because its at 270ish but then they see it rise and panic buy thinking we are going to a million i cannot believe how many times i have read 1,000.000 in this thread.

To answer the original question i would sell sell sell and wait for the drop and buy buy buy but it does depend how fast and for what reasons we went to 1000 because if it was gold investors jumping in i would hold for quite some time as we would probably fly past the 1000.