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Question: At what price will you cash out your Bitcoin stash?
$100 - 14 (8.9%)
$1000 - 26 (16.5%)
$10,000 - 33 (20.9%)
$100,000+ - 29 (18.4%)
never - 56 (35.4%)
Total Voters: 158

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Author Topic: Poll: At what price will you cash out your Bitcoin stash?  (Read 3548 times)
ehoffman
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March 21, 2013, 04:29:07 PM
 #21

I don't want to cash out based on price, and you should not either.

Instead, I will cash out (some) when I decide to invest in something like a house.  In a year or two maybe...

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March 21, 2013, 04:36:00 PM
 #22

I don't want to cash out based on price, and you should not either.

Instead, I will cash out (some) when I decide to invest in something like a house.  In a year or two maybe...

+1 That's my plan too - take some small profits along the way to buy little stuff I need. But hold most for things that will really make a difference, like a house. How awesome it would be to buy a nice house outright with BTC.
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March 21, 2013, 04:39:22 PM
 #23

At what price will you cash out your Bitcoin stash?
When cashing out half our Coins gives us anough money to be "rich".
 Enough to buy a house (we have a specific size of house in mind) outright and have enough left over to have an income sufficient to no longer need to work.

That's pretty much how I think on this subject. The best case scenario though, would be if BTC was the standard for buying "bricks and mortar" kinds of wares. Then a cash out would not be needed.

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ehoffman
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March 21, 2013, 04:43:41 PM
 #24

How awesome it would be to buy a nice house outright with BTC.

Well, there's one for sale in Alberta/Canada directly in BTC!  But yes, it would be really nice to have enough BTC to cover for the price of a house.

What I would do though, is put a cash down on the house, and take a regular mortgage.  Then, just cap out on the maximum allowed each year.  Of course, there will be interest, but I'll keep BTC making probably a lot more than buying a house in full.  Unless of course BTC end up valuing a lot more than a house, and that would represent a fraction of my total BTC Wink

Imagine in a few years, where 1 BTC can buy you a car!  Trading done in milli-BTC or micro-BTC  Smiley

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March 21, 2013, 08:42:28 PM
 #25

I think the survey answer could have gone up to 1m$

You'd have had less "never"

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March 22, 2013, 10:43:40 AM
 #26

The time I start cashing out of Bitcoin, it won't be to do with the price. It will be when the market is saturated because everyone knows what Bitcoin is and anyone who wants some has some. It will be when we have a good idea of what Bitcoin is going to be mainly used for: a micropayments system, a store of value, a global dominant currency, all of the above or nothing at all.

Once Bitcoin has matured to this sort of level, when its full potential is being approached, then I will start thinking about putting my money into something else.

As it is, selling out when Bitcoin is still 99% unrealised potential seems short-sighted.

"Remember too on every occasion which leads you to vexation to apply this principle: not that this is a misfortune, but that to bear it nobly is good fortune." - Marcus Aurelius
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