Ultimate Hloders only thread - do you have a dollar price in mind?

[Denker]

That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!!

[marcus_of_augustus]

That's a great threat marcus!!

haha, freudian slip typo? what's the threat here, that bitcoin will be bigger than BKH soon?

[Fakhoury]

That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!!

Could you elaborate more please

[marcus_of_augustus]

Weekend bull run out of china could make things interesting happening at this juncture.

[saddampbuh]

used to be 10k when i was poor, now that my business is making decent money its probably never

[gentlemand]

I'd always be looking to spend them, not exchange them. If I did decide that I needed a house and the owner wasn't going to swallow BTC then it would have to be a shit ton higher than it is now before I sold, mainly because I couldn't otherwise afford a house. I'll go for $100,000 for larks.

[600watt]

When the price exceeds $2K I will move 10% of my coins into physical gold. The reason for this is that I don't believe in keeping too much wealth in one asset class.

After that, the next price level at which I'd sell another 10% (of what's left) would be in the $10K range. With the strategy no matter how high BTC gets I will always own some. At the same time I won't die with a bunch of BTC that would only be spent by my heirs.

with that strategy you will sooner or later own all the physical gold available on teh planet. congratulations!  

edit:   for this thread

[marcus_of_augustus]

ruh-roh ... Satoshi has decided to let the monkey out of the cage for the weekend ... should be fun.

[zimmah]

by the time i am ready to sell i predict i won't need to sell anymore.

because by that time bitcoin is widely accepted anyway.

i'm not in it for $100k profit

[Denker]

That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!!

Could you elaborate more please

Yeah sure.
I believe, that Bitcoin has the potential to reach prices high like Berkshire Hathaway A shares.It won't happen in 5-10 years.
But over a period of ~20 years, so around 2035, our baby could be worth high 5 digits or even more!
Someone might call me an idiot, weirdo or dumb for such a prediction. But that is what I believe could be a real scenario if you have that much breath to hold your stash for such a long time.I mean we all know how sick the global financial system is right now.And it won't get better. And when you compare Bitcoin's size, meaning it's market cap,  with other markets it is still very very small, young and has so much space and potential to grow. And I'm in for that!

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/

[marcus_of_augustus]

I found this thread interesting but the lack of foresight (and hindsight) was troubling.

1 bitcoin = 200k dollars

Can happen easily but will be difficult to predict when.

200k is ~450 times current valuation. 5 years ago bitcoin was around ~$1 ... so today's valuation is 450x that.

Also it doesn't take 450x the current number of individual bitcoin hodlers to adopt but 450x of existing value to adopt, e.g., the vast majority of the world's liquid wealth is held in very few hands. It does however have to support the inflation rate balancing with fresh value demand, at 12.5 per block (after halving) 200k/per btc is ~$360mio per day so probably not happening until at earliest 2 more halvings for a stable $200k valuation. For reference current value expansion of bitcoin wealth is ~$1.6million per day and price is relatively stable (appears to be undervalued even). The rate of new value entering bitcoin essentially sets the price, balancing with demand of value to leave into fiat. But value is an ephemeral, abstract concept that can change on the whim of the fickle human crowd mind so in the end difficult to predict when such an inverse Minsky moment of bitcoin may arrive.

[LFC_Bitcoin]

Price in mind $5xxx per Bitcoin & I would be a happy man.

[BTCLovingDude]

we are all waiting for the history to repeat itself and price reaches $1100 again, so that is the target price of many bitcoin users.
and as a trader i would be lying if i said i wouldn't sell at that price too.

but also as a true believer in bitcoin and someone who is hodling i have to say i am waiting for prices a lot more than $1000 and believe that bitcoin has the potential to go to prices at least 5 times more that the last ATH.

[marcus_of_augustus]

Good, this is the type of thread we need. I've been following your posts for a long time -- we registered our accounts within a day of each other back in 2011.

The 'Planning Bitcoin Withdrawals - Advanced' spreadsheet by Chainsaw is good for planning divestments over time as needed.

Hey keystroke, yeah I've noticed that elliptic curve plot avatar popping up as long as I can remember 

Did you have a link to this spreadsheet you mention here?

[megadeth]

Good, this is the type of thread we need. I've been following your posts for a long time -- we registered our accounts within a day of each other back in 2011.

The 'Planning Bitcoin Withdrawals - Advanced' spreadsheet by Chainsaw is good for planning divestments over time as needed.

Hey keystroke, yeah I've noticed that elliptic curve plot avatar popping up as long as I can remember 

Did you have a link to this spreadsheet you mention here?

https://bitcointalk.org/index.php?topic=326308

[OROBTC]

...

I've changed my plan recently re BTC HODLings.  If we get price spikes upward, I will sell some of my BTC for gold, piecemeal all the way up (whatever prices "up" reaches).  But, I plan to maintain a decent speculative HODLing of BTC as a "lotto ticket".

My *guess* (worthless) is that BTC may get higher than it ATH this year or next, I do not see it reaching for the moon (Alice).

If I am wrong, however, well I'll be happy that I own at least some.

[xDan]

At ~5-10K there might be some things I'd like to buy

[marcus_of_augustus]

I'm thinking of changing the poll now that we've got a big enough sample on this one to draw some conclusions.

It's actually really eye-opening, even though this poll is self-selecting for bitcoin afficianados being on this forum I would not have expected >95% are not selling until we are above $1000 !! That's pretty insane, (but I can agree with that sentiment). And I think the 2 votes for "Next $20 rise" are just trolls so that was my trap question to weed them out ... so in reality we have 1 person out of 53 that will sell for less than $1000.

And more amazingly, we have greater than 50% who are hodling for > $10,000 coin.

[OROBTC]

I'm thinking of changing the poll now that we've got a big enough sample on this one to draw some conclusions.

It's actually really eye-opening, even though this poll is self-selecting for bitcoin afficianados being on this forum I would not have expected >95% are not selling until we are above $1000 !! That's pretty insane, (but I can agree with that sentiment). And I think the 2 votes for "Next $20 rise" are just trolls so that was my trap question to weed them out ... so in reality we have 1 person out of 53 that will sell for less than $1000.

And more amazingly, we have greater than 50% who are hodling for > $10,000 coin.

Well, to be honest, I have used some BTC to buy gold before, that is why I submitted my post above re my change of HODLing plan.  I may buy some Au at $500 (per BTC), then maybe some more at $650, etc.  That would require me to keep BYUing BTC on the way up, but so what.

My wish is to balance my holdings between gold and BTC, obviously more US$ value of gold.


EDIT: My vote was >$1000, as I plan to use some BTC in my gold acquisition program.

[keystroke]

Diversification is worsification.