Bitcoin Forum

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

One hundred billion dollars.



































http://static.comicvine.com/uploads/original/0/40/1139064-dr_evil_one_million_dollars.jpeg

I would never sell below a 1000$  :)

actually never ^^
i wouldn't sell before it reaches it full potential, but when btc is at - lets say > 100k - its become a standart currency anyway..

Hold on to the 1 BTC until bitcoin reaches mainstream use.  Then use micro-bitcoin for daily expenses (and hopefully have a portion of my salary paid in bitcoin by then as well).

I'll sell it off for 10K USD.

What do you define as full potential?


This is what I'd like to do.

I dont have any plans to sell, I plan to just buy things with my coin as it gains value. example: I really want a house, Id love to buy one in bitcoin, so I guess my "forget this im cashing out price" is; 1 BTC/ house. fuck a dollar bill.

i sell now, buy back at 600  8)

and if it goes higher will you buy back at a loss or be happy with your fiat waiting for the if/when it goes down? Im feeling pretty bullish personally with the winklevoss update, and the "bad new" that isnt even bad news because they cant stop the coin (DUH) coming from russia/china/etc makes me thing the US hearing later this month will be positive for bitcoin as the US trys to be different than those "commies" and the people running for re-election seem to like the idea of anyone giving them campain money.

i sell at 1 mirrrrion dorrarrs

I would only sell BTC with intent to increase my stake.

Ideally it would get to the stage where Bitcoin would be ubiquitous and valuable enough for satoshi payments. That's the dream anyway.

Yeah good point, although I'm not sure it will be called a Satoshi to the masses. I heard someone mention Micro Bitcoins the other day, that sounds like it might catch on better for smaller payments.

Yeah true. Satoshi would be the 'proper', original name for it, but perhaps the whole scale will need defining in other terms to meet the standards that are necessary for popular adoption.

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

Lol, yeah. Although everyone knows we're all gong to be rich next year. Hold on to your hat, and your Bitcoin!

The thing is, if we know that then why aren't we buying more? I think to myself sometimes, here I am positive that it will grow yet I remain cautious and don't invest anymore.

Why? I guess because I want to get them at a cheaper rate - don't we all! :P

Well it's the uncertainty / risk. It's harder and more riskier to invest and make money on coins that are around $1000 when they were less than $100, but I'm sure if the coins become worth 10k each we'll all be saying I knew I should've bought more at x  ;D

Yep! Of course it would be foolish to invest a large portion of your funds as you need to remain liquid enough to get by.

In the words of Duff in Stealing Harvard: "I'm not liquid, John. I'm not...liquid"

http://www.youtube.com/watch?v=xlWBacrChVM

When the market becomes mainstream... Only spend each day what I needed to... The rest keep in Bitcoin and watch it keep going to the moon and beyond!  :)

I'll sell when the time is right. I don't know when that time will be, but when it is I'll know.

Haha. If only. I'd like to be able to do this too eventually. We can already get most things we want in bitcoin. Next stop - groceries (uk)

If the price continues to rise we will always feel like we have paid over the odds for what we have bought using BTC - even more so if it shoots up after you spend. But I guess we can look at things on the other hand and accept that you bought the item(s) on a massive gain :)

Yeah exactly. I probably would feel shit if I bought something and then the price went up. But that's the risk isn't it I guess. As you said, it's still at a gain ideally anyway.

unfortutely i need to sell to buy things and i borrowed money to buy alot f bitvoin so i have to pay people back.

my lowest sell piont is $1300 my ideal over 10k each. i am a buy and hold kind of lady normally but you have to spend sometime in life.

10,000! For sure.

Yeah fair enough if you owe the money back. I'm sure it won't be long before we reach $1300 and you can start to repay.

yes was in debt and thought.. bitcoin is $100ish it's going to go up i am sure i can get my friends a 20% return. unfortunetely it all went into securities ... :\ (four exchanges shut down in a month) .. so it's been a journey.

I love this thread by the way Sutters I love hearing about what other thoughts are.
thats how you get insights! :)

Yeah it sounds like a bit of a long road but I'm sure you'll get there. Bitcoin will go up at some point with all the media attention it's getting now.

Thanks very much, that's what I thought when creating it. Good to stimulate conversation and see how others felt about BTC.

10k maybe  ;)

Hodl forever!!
lol  ;)

Exactly.  Most likely when I need it.  Either for an emergency, or for a large asset purchase and need additional cash.  Until then...save it!