At what price will you sell your BTC, and what will you buy?

[favours]

10k? 100k?

Personally, I'll cash out 10% at 5k and 10% at 10k and leave the rest to ride.

[hankyulpark]

Everyone has a magic number   Most important is not to regret this decision and make a good use of the profit made. I personally think that 10k is an excellent number, and with 25k I would sell everything without second thoughts, and use the money to make other investments.

[gentlemand]

I don't plan to ever sell. As the old adage goes by the time your target is reached the chances are there'll be no need to swap it for another currency any more.

These people planning on getting rid at 2k or 3k strike me as nuts. The world surrounding Bitcoin is still pretty messy - no scaling, usual exchange crap, retailers dropping it, ever higher fees, yet it's still on the rise.

10k seems to be the most regular magic figure. Again, unless you have several hundred that's not going to change your life in many parts of the world and it'll still be in the warming up stage.

[LFC_Bitcoin]

I honestly don't know at what price I'm going to sell the majority of my stash. I presume I will splash out on property when the time comes though, you could go wrong with bricks & mortar.

[Karmakid]

I dont have a such goal for selling my bitcoins off.Im just joining the craze of pice hike and just buy small amount and sell for small profit,then i store some bitcoins i bought lower and wait for it to have a big profit from selling

[missmarvel]

Silver is the only non crypto asset that I currently invest in

[bitbunnny]

I haven't realy thought about it but I think I would like to,wait until the price reaches at least 3000$, if it ever will. And I hop by then I will collect much more coins that I have know. I don't know what I would buy, depends what I will need or want in that time, if it ever come. Let's hope for the best.

[chaser15]

When I say long term, it's literally holding bitcoin for long period of time until to it's summit. But how can I determined that it's already on it's peak? Until somehow I can't managed thatthing really happens.

For buying, I can consider now myself to those having a difficulty to deal with the current buying price so my hold coins are the only one that been able to bought at cheaper rates if we compare to the price today. But it doesn't mean it will stop me from buying coins even with this kind of price.

And besides, I don't have anything to do with my bitcoin for years now so spending or withdrawing it is not yet on my mind. I have my fiat salary that used to my spendings.

[DannyHamilton]

Why would you sell your BTC?

That's like asking at what price you would sell your U.S. dollars? Or what price you would sell your Euros?

Bitcoin is money.

Just continue to acquire bitcoin, and spend your bitcoin to buy what you want.  Just like you would with any other money. Try to spend less than you acquire so you can build up some savings.  Savings will be useful for emergencies, life changes (marriage, children, etc), larger purchases, luxuries, retirement, etc.

If you have any other currencies (Dollars, Euros, Yen, Pecos, etc), you may want to consider selling them before they lose too much more value.  Why would you ever want to hold any more of that crap than you have to?

[gentlemand]

When I say long term, it's literally holding bitcoin for long period of time until to it's summit. But how can I determined that it's already on it's peak? Until somehow I can't managed thatthing really happens.

There will never be a summit. If we assume it survives then mining will end and the deflation will properly kick in. If its value is continued to be measured in fiat then that value will continue to rise long term. No doubt there'll be peaks in between but it'll be glacial compared to now.

[aTriz]

To be honest, I have already sold a big part of my bitcoins.
It is because that bitcoin price has reached a very high level, currently it is somewhere between 1750-1780 USD according to Bitstamp.
I have decided to liquidate this cryptocurrency at 1650 level, which has made me really satisfied, I still have enough bitcoins to be happy out of further price rise.
I advice the same strategy for everyone who is currently having some bitcoins, just sell some part of them on this price to invest the returns into some different things, or even to make your life more successful: spend it for yourself because why not?

That is only my opinion, but I expect BTC to rise further: thats why Im still secure with a decent amount of BTC for holding purposes.

[mrcash02]

I will never cashout the biggest part of my Bitcoin money, only little parts that won't affect my profit on long term. The potential is too big and I don't want to regret about it in some years. I want to make big profit together with everyone who believes Bitcoin power. $10.000 would be a nice amount, but maybe it can become better, impossible to predict now, only time will tell.

[danherbias07]

I have never thought about that.
I dont think much when I sell because i just do it when it is greatly needed.
Now that the price is crawling up everyday it is even getting harder to sell it even if I needed it.
Good thing i didnt.
I just buy funds for my loading service and some altcoins. Thats it.

[eXpl0sive]

10k? 100k?

Personally, I'll cash out 10% at 5k and 10% at 10k and leave the rest to ride.

and what will you buy?

[The_prodigy]

I didnt know what will actual price will be but as like trading you need to buy it when it is low and when it is high we will gonna sell it higher. We cannot predict the price of bitcoin due to its high demand of the people and due to the investment of the investors in the bitcoin market. It is all connected to it.

[DannyHamilton]

- snip -
It is because that bitcoin price has reached a very high level, currently it is somewhere between 1750-1780 USD according to Bitstamp.
- snip -

"Bitcoin" is an arbitrary unit.  It is also a very misleading arbitrary unit, because it doesn't sound like very much, but it is actually a very large quantity.

Lets look at another arbitrary unit.  A "Rock" is a slang term for a quantity of U.S. dollars.  If I say I have "1 Rock"  it doesn't sound like very much.  If I tell you that I just traded €1750 for a "Rock" it sounds like a "Rock" is at a very high level.  In reality, a "Rock" is $1,000,000.  If you got a "Rock" for €1750 it would be a VERY GOOD DEAL!  Knowing that, would you say "To be honest, I have already sold a big part of my Rocks. It is because that Rock price has reached a very high level, currently it is somewhere between 1750-1780 USD?"  Or would you wait until you could get €1000000 for the Rock.

One million dollars (a rock) can be divided into smaller parts.

For example, "1 Rock" = "1000 Grand".  Another example is that "1 Grand" = "1000 dollars".

Notice this works with "Bitcoin" as well.  Think of "1 Bitcoin" as slang.

For example, "1 Bitcoin" = "1000 milli-bitcoin (mBTC)".  Another example is that "1 mBTC" = "1000 micro-bitcoin (μBTC)".

So you can see that "Bitcoin" is still VERY CHEAP.  At 1750, you can buy 571.43 μBTC for $1

Perhaps someday in the future (when bitcoin finally does reach a very high level), you might be able to buy 1 μBTC for $1.  That means that bitcoins might sill increase 571 times more than today.

[dinofelis]

I was promised $500 000,- a coin, so I won't sell mine until we reach that number.
And I will sell for fiat of course, or a nice house per coin.

[jak3]

I am waiting for 10k and I don't give a shit out of my investment even if bitcoin crashed to 200. Bitcoin prices are always unpredictable but there is always one thing sure about bitcoin is it will rise higher than its previous mark. I remember the last time I saw its price peak was at 1000$ during the time of mtgox and now after so many years it did crossed even further with a new peak better than previous one.

[Vikingr]

10k? 100k?

Personally, I'll cash out 10% at 5k and 10% at 10k and leave the rest to ride.

I am planning for to hold my bitcoin for longer time and from now we are seeing that many things are available with bitcoin so I think in the future we will not need to convert our bitcoin to fiat and we will use them directly to buy things for us so we will save the fees from paying in exchanges.

[Weatherby]

It all depends upon my profit level,if i am in profit i would sell and wait for a correction to re enter the coin or i would purchase any other promising coin and covert in to bitcoin and these are the ways i usually do trading as i am not interested to store anything for the long run,if you can play smart you can always roll things .