Bitcoin Forum

I've read some talk about $2K-$3K.  And what about LTC?

$10k, not before

I wouldn't look at a price so much as an event: i.e. when an ETF launches and the public can more easily get into bitcoin... That's when things will really take off.

Never? I'm in this for the long run, everybody who has sold out so far has regreted it just a few months later.

My criteria has, and always will be, where I feel the industry is going.

If I feel infrastructure is still being built, merchants are still adding it to their stores, conferences are being held in various countries, and new news is coming out (thanks Google news for keyword specific article feeds) ...

Then I will continue to hold.

When I feel the industry is stagnating, or beginning to decline, then I will cash out.

This bewilders all my friends and colleagues to no end.

My plan is to sell half my BTC holdings if it allows me (subtracting due capital gains taxes of course) to buy a (nice) flat/house to live in, since that's something I've planned to do already some time.  I'll hold the other half as further investment.  (Note that it still needs a good increase for this condition to be fulfilled, unfortunately.  But it will come, I'm sure! :D)

Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

Merchants who, for the most part, sell useless gimmicks...

I can't buy groceries, or petrol, or pay rent with BTC. They're the only things I really care about, and they're all a looooong way off accepting BTC as payment.

They may not be as "way off" as you think they are. We are on the verge of some major online and offline retailers accepting btc. When that happens, your landlord won't be too far off.

Source?

Well said, I'm in that boat.  I'ts just not worth it to disregard LTC IMO.
There will always be those who doubt but the price has shown LTC can be a good investment.

first bubble ~ $0.30, second bubble ~$3.00, third bubble ~$30.00, fourth bubble ~$300.00, you fill in the next blank  ;D

Strong username to thread title ratio..

Bitcoin is awesome!   when can I dump this thing!
  :o ;D :-X >:(

I think a variation on this makes a lot of sense.  It is pointless to set an arbitrary price target as bitcoin is a deflationary currency.  I'm fairly new, but even I can remember people thinking 100 per BTC was a huge amount and a great sell target.

Unless something really bad happens the basic trend of bitcoin will be up.  So if you need to sell for something, e.g. buy a house, pay your rent, then by all means sell.  If you want to take a little BTC off the table and cash it in, why not, but don't make it a binary all in or all out choice, sell 10% of your coins and see what happens.

While these have been an amazing few weeks there is no shame in wanting to sell some of your coins but it's not an all or nothing choice.

I bought groceries at target the other day with bitcoin through gyft.  It was so much easier than trying to get fiat off the exchange.

Same here...I have the CAVirtex debit card.

Sell a coin (or less than one) throw the money onto the card....spend at will like a regular debit card.

I also bought a trip for two this winter to somewhere warm for me and my wife...it cost me a weeks mining, meh.


When you get a little more comfortable you tend to spend a bit...there is no sense in not enjoying some of this new found wealth.

Yes of course, I would never sell all.  That's why I specified "half" above. ;)  (This is my current plan, at least, although maybe it will change depending on how quickly we reach that point.)

When this will happen you will be late to the game for a nice ROI.

Interesting strategy, I like it.

So , you're using a debit card , just like a normal visa.
You're not using bitcoins , you're selling them , turning them into usd loading a card and shopping.

Yes, this is the beta test for the card.
CAVirtex has already stated that the next step is to spend directly from your btc balance.
It would work like bitpay...when you spend it directly sells an appropriate amount of coins converts to CAD then you get what you want.

It is just masturbation talking about the semantics....I have a debit card, right now I have one manual step between bitcoin and getting goods or services I want.

Eventually the goal is to spend bitcoins or USD/CAD directly. Ie. walk into a store and see a price in bitcoins...spend those bitcoins directly without conversion on the product you want

Baby steps before we can fly.

I disagree, by selling bitcoins, you give others the oppurtunity to buy bitcoins cheaper.

But spending the bitcoins directly would mean less fees, so you should save

Awesome!

Bitcoin stability is key to become the Online currency accepted by everyone selling/buying at internet.
To me OP question is like ¿When will you spend all your money?
My answer: if I can, never!
I will use some money to buy or trade though ...