Bitcoin Forum
November 20, 2017, 08:03:36 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Poll
Question: Poll: At what price does the rapid rise make you nervous/sell in the next month?
Less than $200: I already sold.
$200 - $250
$250 - $350
$350 - $500
$500 - $750
$750 - $1,250
$1,250- $2,500
I am "Holding for the longest time."
Vote for Pedro: Either way "I'm rich biatch!"
I like to sell high and buy back higher! Smiley

Pages: « 1 [2]  All
  Print  
Author Topic: Poll: At what price does the rapid rise make you nervous/sell in the next month?  (Read 2167 times)
BitcoinTate
Full Member
***
Offline Offline

Activity: 224


DigiByte Founder


View Profile
April 09, 2013, 02:55:40 PM
 #21

Who said anything about banks? Gold, silver, oil, food, land, businesses, or whatever. It's simple: Bitcoin has a substantial chance of going to $0. You can very easily arrange other assets so that they do not have a substantial chance of falling very much at all. Even dollars in a wobbly bank + BTC, which is just about the worst possible diversification strategy, is nevertheless much safer than only BTC.

Diversification doesn't make you money, but it does help lock in your newfound wealth. This shouldn't be controversial as it's merely basic statistics that if you have $10 million and spread the risk around it reduces the chance you will ever not be a millionaire anymore. To me the value of being a multi-millionaire is not that much less than being a multi-billionaire. YMMV.
Ok ok. I will cash some out at $1000.00 and buy myself a brand new Ford Raptor pickup, a couple more AR-15s, a shit load more ammo and that AR-50 I have been looking at for awhile. Yes I am a redneck that was raised on a farm & ranch in the middle of no where. lol

- aka The "DigiMan"
1511165016
Hero Member
*
Offline Offline

Posts: 1511165016

View Profile Personal Message (Offline)

Ignore
1511165016
Reply with quote  #2

1511165016
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
zoolander
Member
**
Offline Offline

Activity: 75


View Profile
April 09, 2013, 02:58:27 PM
 #22


History will be written like this: First there was the Internet which gave people the freedom to share knowledge, then Google organized the internet so others could quickly find it, then Facebook connected people on an daily basis within their entire social network and finally Bitcoin freed people financially from the rule of corrupt banksters!

Google was not the first search engine.

Facebook was not the first social network.

Never said they where, only said the internet was first. They are the ones history will remember. Just as Bitcoin was not the first virtual currency. But it will be the one that goes down in the annals of history.

If Bitcoin is the Facebook of crypto currency, then who was the Myspace or the Friendster?
tutkarz
Hero Member
*****
Offline Offline

Activity: 546


View Profile
April 09, 2013, 03:01:14 PM
 #23

What is the difference between being worth $1m and deciding to invest it all in BTC, and having a $1m of BTC and no other assets.

Would you tell somebody worth $1m to invest it all in BTC?

If so "I have business proposition for you ..."  Grin
lol! Name another investment that has performed as well as BTC in the past three months? So yes, yes I would!  Roll Eyes

I dont understand it either. Why to change good currency for bad one? I would do it only to buy something i currently need. And i would advise to not fear about moving bitcoin back stright to 0. If you think about it anything can crash that way but does it have to?

Zangelbert Bingledack
Legendary
*
Offline Offline

Activity: 1036


View Profile
April 09, 2013, 03:03:16 PM
 #24

Who said anything about banks? Gold, silver, oil, food, land, businesses, or whatever. It's simple: Bitcoin has a substantial chance of going to $0. You can very easily arrange other assets so that they do not have a substantial chance of falling very much at all. Even dollars in a wobbly bank + BTC, which is just about the worst possible diversification strategy, is nevertheless much safer than only BTC.

Diversification doesn't make you money, but it does help lock in your newfound wealth. This shouldn't be controversial as it's merely basic statistics that if you have $10 million and spread the risk around it reduces the chance you will ever not be a millionaire anymore. To me the value of being a multi-millionaire is not that much less than being a multi-billionaire. YMMV.
Ok ok. I will cash some out at $1000.00 and buy myself a brand new Ford Raptor pickup, a couple more AR-15s, a shit load more ammo and that AR-50 I have been looking at for awhile. Yes I am a redneck that was raised on a farm & ranch in the middle of no where. lol

Yeah might as well, right? Go hog wild while still knowing you'll have a secure nest egg waiting for you on the other side of the Bitcoin singularity, whatever happens.
evolve
Hero Member
*****
Offline Offline

Activity: 700


daytrader/superhero


View Profile
April 09, 2013, 04:53:22 PM
 #25

Where is the option for buying and selling constantly?
BitcoinTate
Full Member
***
Offline Offline

Activity: 224


DigiByte Founder


View Profile
April 09, 2013, 04:56:25 PM
 #26

Where is the option for buying and selling constantly?
"I like to sell high and buy back higher! Smiley" Option added lol

- aka The "DigiMan"
chiropteran
Sr. Member
****
Offline Offline

Activity: 348



View Profile WWW
April 09, 2013, 05:05:32 PM
 #27

It doesn't make any sense to pick a single value and cash out at that value.  None.  No sense at all.

That said, when value nears or crosses $1000 USD per bitcoin, I will probably sell 3-5% of my holdings.  Again at $5k, and $25k, $100k, $500k, etc.  Eventually though it may get to the point where NOBODY cashes out, because BTC is the standard currency of the world, and you just use it directly.  

I imagine a comical situation in 5-10 years in which someone finally sells out his 50 BTC at $1 billion each and is overjoyed at being a multi-billionaire, just before he realizes that USD is now worthless and his $50 billion isn't even enough to buy a hamburger.

Frost
Hero Member
*****
Offline Offline

Activity: 574


View Profile
April 09, 2013, 06:01:37 PM
 #28

I like this Poll. I am nosy what the mass will answer.

You dick
BitcoinTate
Full Member
***
Offline Offline

Activity: 224


DigiByte Founder


View Profile
April 09, 2013, 09:33:14 PM
 #29

Damn... we might just hit $300 by tomorrow. There is just no resistance. My grandma just called me and now she wants to buy some BTC! lol

- aka The "DigiMan"
Ekaros
Hero Member
*****
Offline Offline

Activity: 728



View Profile
April 09, 2013, 11:21:54 PM
 #30

So where is option for us who don't have almost any bitcoins(0.00012159 for me Sad ).

"I'm just here to 'troll' you!"

At 1M that will get me one or two nice dinners Grin

12pA5nZB5AoXZaaEeoxh5bNqUGXwUUp3Uv
http://firstbits.com/1qdiz
Feel free to help poor student!
Elwar
Legendary
*
Offline Offline

Activity: 2282


www.bitpools.com


View Profile WWW
April 09, 2013, 11:24:53 PM
 #31

No option for buying dollars with 1 bitcoin at $160,000 to pay off my mortgage.

The rest is my currency, why would I get rid of it?

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!