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Author Topic: So how many of you are going to sell to rich Wall street tycoons?  (Read 1045 times)
Myfe
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March 07, 2017, 10:24:34 PM
 #21

Sell? I'm actually going to buy some ETF with useless cash that's currently sitting in my IRA.

They only part of your statement that makes this a logical decision is "IRA". For any other reason, you'd be buying the right to be charged a fee to own Bitcoin!

By the way, Bitcoin is already an acceptable asset to be held within an IRA...no need (really) to buy the ETF to get US tax protected exposure.

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maker88
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March 08, 2017, 01:19:12 AM
 #22

Although ETF approved, i don't think prices will continue to rise even if the price increases, but I sure will not be as fast as is widely predicted by bitcoin users.
Why? How do that make any sense?
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March 08, 2017, 01:37:00 AM
 #23

I don't rely myself with the approval of ETF. There's only thing that always come to my mind. I'll keep on holding until seeing the price that will satisfy me. But with this matters, when seeing the price hits at $2,000 it's my nature to become greedy and will probably sell some of my coins that I'm holding out on my pocket.

Let's hope for the best.  Roll Eyes

Yeah for the sake of all bitcoin people.

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March 08, 2017, 02:31:52 AM
 #24

Let's say this whole ETF thing gets approved... and the big guns gets entry into Bitcoin. I speculate that most of you will be selling your bitcoin

before the price reach $2000 per Bitcoin. The majority of bitcoin  owners will sell out to Wall street giants, when the price reach these levels. I

think greed will win out over principle....  Roll Eyes

I hope the true Bitcoiners will hold out until we see prices near $10 000 per Bitcoin in the future. Do not sell ALL your bitcoins, when the price

hits $2000 ..... hoard some for the future, when the price will be $10 000 and more.  Wink

I will sell some, just to reward myself for being this patient.... but there will always be some bitcoins in cold storage for the future.  Grin

Let's hope for the best.  Roll Eyes
The issue is not whether we sell or not but whether after we sell if we come back to bitcoin, if your choice is to get out of bitcoin then it makes sense to cash out, but if you are planning to buy again then there is no point in selling all your coins.
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March 08, 2017, 02:38:37 AM
 #25

Kprawn (OP)
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March 08, 2017, 04:45:52 PM
 #26

If the ETF is approved, Wall Street won't need to buy from any exchange or someone on Blockchain, they'll be able to buy the ETF.

I hope the true Bitcoiners will hold out until we see prices near $10 000 per Bitcoin in the future. Do not sell ALL your bitcoins, when the price

WHAT? You're a sell out! I thought you were a "true Bitcoiner"!

I will sell some, just to reward myself for being this patient.... but there will always be some bitcoins in cold storage for the future.  Grin

I'm so disappointed.

True Bitcoiners also have to enjoy their fruit of their labour and I am doing it 20% at a time. All bitcoin income I receive are devided into a 80/20

split ... I hoard 80% and spend 20% .... but some time in the future I will dive into my hoard and truly enjoy the fruit of my labour... like someone

going on pension. There is a time to work and a time to enjoy the rewards.  Grin ..... There will always be some bitcoins in cold storage for the

next generation of Bitcoiners after me.  Wink

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