Re: What are your plans for YOUR BTC if the price rockets in the future?
Im fairly new to the bitcoin so forgive me if im wrong in my understanding.
What would be your plans for your Bitcoins if the price per coin rose to 5 or even 10k+ each?
The question dawns on me after thinking about everyone that is saving their BTC for the future.
what happens if everyone that has bitcoins decided to hold on to the lot? if price spikes in a few years then everyone sells? for the same fiat everyone says bitcoin kills? (not a rhetorical question nor sarcasm)
My HOPE is if the bitcoin price surges to ridiculous heights, the bitcoins i have will be able to be spent JUST as i spend my GBP now,
if bitcoin ever got to 10k per coin, ill be spending not selling, is this the same for most? orrrr?
My current approach is, whatever BTC i gain, i will save a little and will spend a little regardless of market value (unless it dropped bellow $150 in which case buy buy buy lol but from what ive read i doubt this) but isnt the spending of the btc what helps in grow? or am i mistaken?
What would be your plans for your Bitcoins if the price per coin rose to 5 or even 10k+ each?
The question dawns on me after thinking about everyone that is saving their BTC for the future.
what happens if everyone that has bitcoins decided to hold on to the lot? if price spikes in a few years then everyone sells? for the same fiat everyone says bitcoin kills? (not a rhetorical question nor sarcasm)
My HOPE is if the bitcoin price surges to ridiculous heights, the bitcoins i have will be able to be spent JUST as i spend my GBP now,
if bitcoin ever got to 10k per coin, ill be spending not selling, is this the same for most? orrrr?
My current approach is, whatever BTC i gain, i will save a little and will spend a little regardless of market value (unless it dropped bellow $150 in which case buy buy buy lol but from what ive read i doubt this) but isnt the spending of the btc what helps in grow? or am i mistaken?
I will think and decide in that moment. For now my aim is to have as much as I can find and accumulate. For sure, if that price will be faster than I can imagine or better think, some of those will go for the University of my daughters. If it will be later (that's my "prediction") I have no plans and don't want to have. It is better when have the money to do the plans then make the plans and then see that cannot be realized. Not because bitcoin will not reach the price I think but maybe cannot be me to arrive that price.
