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Author Topic: So when do you "actually" plan to cash in your bitcoin? > or <$1,000,000  (Read 2406 times)
Rahar02
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September 27, 2017, 10:31:54 AM
 #81

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?

No one will sell BTC1 if it reach $1 Million, who have so much money to buy it? Maybe some companies, but it will worthless to spend so much money in one shot into bitcoin. People will sell small fraction of bitcoin, BTC0.0000xxxx and so on, average trading amount within $50-$100K. The question is; who can hold bitcoin more than 10-20 years? People tend to sell bitcoin whenever it reaches higher peaks and buy back in the dips.
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September 27, 2017, 11:20:50 AM
 #82

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
Most people want to hold there bitcoin .But many times we have faced many problem and badly to sell bitcoin for money .when bitcoin price 3800$ last week sell my  300$ bitcoin because i need huge money.If you have some bitcoin you can not sell bitcoin.Because bitcoin price pumping again.

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istake (OP)
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October 10, 2017, 01:04:21 PM
 #83

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
Most people want to hold there bitcoin .But many times we have faced many problem and badly to sell bitcoin for money .when bitcoin price 3800$ last week sell my  300$ bitcoin because i need huge money.If you have some bitcoin you can not sell bitcoin.Because bitcoin price pumping again.
Exactly so those who can hold till that time need a separate award
Opquar
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October 10, 2017, 01:11:12 PM
 #84

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
Most people want to hold there bitcoin .But many times we have faced many problem and badly to sell bitcoin for money .when bitcoin price 3800$ last week sell my  300$ bitcoin because i need huge money.If you have some bitcoin you can not sell bitcoin.Because bitcoin price pumping again.

Yeah, for as long as the potential for growth exists, nobody is going to cash in all of their Bitcoins. They might take a few every now and then to cover expenses, or to splurge for themselves, but other than that everyone is just going to keep holding.
BitcoinMuscle
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October 10, 2017, 01:11:15 PM
 #85

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
Bitcoin will never reach $1M. That is more than a dream. It is really impossible. If that would happen all bitcoin supply would worth more than all they money on the planet. Do you even think about that? Bitcoin cannot replace real money because it does not have what it takes for that to happen. I work for bitcoins and cash it out everytime I am paid. I keep only a small amount for the future but I dont expect big profits from it because I know that is not going to happen
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October 10, 2017, 01:21:58 PM
 #86

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
Bitcoin will never reach $1M. That is more than a dream. It is really impossible. If that would happen all bitcoin supply would worth more than all they money on the planet. Do you even think about that? Bitcoin cannot replace real money because it does not have what it takes for that to happen. I work for bitcoins and cash it out everytime I am paid. I keep only a small amount for the future but I dont expect big profits from it because I know that is not going to happen


You don `t know it. Is the course constantly increasing and the market situation will not change to who knows what next? This can not be predicted, so ultimately it is not clear what is not and what is not.
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October 10, 2017, 01:39:29 PM
 #87

I sell my coins continually and I also buy more when I need more. I mean if I see the price dropping significantly, I usually sell them just to buy them back at a lower price afterwards.

I also purchase quite a few things with Bitcoin, so you can also consider that selling.

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October 10, 2017, 03:18:09 PM
 #88

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
It is a difficult target to reach $ 1,000,000, so it is too high a goal so do not expect too much but hope is possible.
istake (OP)
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October 21, 2017, 12:01:02 PM
 #89

I sell my coins continually and I also buy more when I need more. I mean if I see the price dropping significantly, I usually sell them just to buy them back at a lower price afterwards.

I also purchase quite a few things with Bitcoin, so you can also consider that selling.

Good strategy, I bet you cant wait till the next big drop lol
istake (OP)
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October 21, 2017, 12:03:39 PM
 #90

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?

No one will sell BTC1 if it reach $1 Million, who have so much money to buy it? Maybe some companies, but it will worthless to spend so much money in one shot into bitcoin. People will sell small fraction of bitcoin, BTC0.0000xxxx and so on, average trading amount within $50-$100K. The question is; who can hold bitcoin more than 10-20 years? People tend to sell bitcoin whenever it reaches higher peaks and buy back in the dips.

Yes, I believe that is even better than just holding it. It will be worth A million to you before it is to everyone else that just holds it
Pawalkalyan
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October 21, 2017, 12:13:05 PM
 #91

If it hits 1million mark then the marketcap of the bitcoin would be around 21 trillion. And if it holds the share of 40% of total market cap of crypto, then the crypto world market cap would be somewhere around 50 trillion.I am not a financial expert to say if 50 trillion market cap for crypto is possible.If possible then bitcoin would definitely hit 1000000$.

But when it comes to me I don't wait that long.I assume 1 trillion market cap for crypto would be hit by 2019.50 trillion might take more time roughly around 20 - 30 years.That means somewhere around 2045.

Sorry I wont wait that long, and I would cash out at 100000$. I assume that will happen in the next 5-6 years.
machinek20
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October 21, 2017, 12:18:51 PM
 #92

I only will cash out if i need to spend the money, the longer I hold it will be better, but bitcoin still so far away from 1million$, so I think a lot of people wont wait until 1.000.000$ to cash out, but when bitcoin reach that number, there will be a lot of new rich people
thecryptogiant
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October 21, 2017, 12:24:50 PM
 #93

I only will cash out if i need to spend the money, the longer I hold it will be better, but bitcoin still so far away from 1million$, so I think a lot of people wont wait until 1.000.000$ to cash out, but when bitcoin reach that number, there will be a lot of new rich people
1000000 OMG i wonder the whole world have that much of money or not.
I mean every bit coin will be valued time the 1mil number.
Yes i hope that bitcoin will rise to that point i donot realy think it will happen ever.
cause it will make all of us millionaire and that is not possible my best bet is 10000 and i will sell then..Cheesy
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October 21, 2017, 12:33:33 PM
 #94

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
$1.000.000 is so big amount. I havent ever thinking about it. But if its true then would be nice. I plan to sell bitcoin in short trading. Buy low sell high. I am not swing trader.

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October 21, 2017, 12:38:30 PM
 #95

I'm cashing in when it's $200k+
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October 21, 2017, 12:39:14 PM
 #96

Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
$1.000.000 is so big amount. I havent ever thinking about it. But if its true then would be nice. I plan to sell bitcoin in short trading. Buy low sell high. I am not swing trader.

Good that you haven't thought because I every would love if anytime it reaches that price but I am more realistic that if it reaches 10k would be still good enough price to start selling. I would never wait till $million mark because I know that it wont reach till that price.
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October 21, 2017, 12:45:21 PM
 #97

its depend when it will be),in crypto all possible and 1 million can be after few years, who know

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October 21, 2017, 01:38:28 PM
 #98

i have a plan to sell my bitcoin when it reach <$1,000,000 but if i need money then i will sell some part of my bitcoin and i think i have to do that because i need to buy something for my daily life. its been easier if we have real job or another job in real life or online because we can keep our bitcoin and we don't have to exchange to fiat if we want to buy something. but for person that only depending to make money from bitcoin, i think we can cash our bitcoin if we are really need money to our life.

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October 22, 2017, 04:25:02 PM
 #99

Actually, I never have a mark plan for bitcoin rate to cash out. I dont think I can wait for that much longer. Right now I using my bitcoin anytime I need it, but I have some wallets stashed away as savings I didnt touch as long as I can. No particular bitcoin price to cash out, just holding it until I need it.

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October 23, 2017, 05:28:00 PM
 #100

You have to sell your bitcoins when you are sure that they can collapse in any minute or second, but before that you need make very accurate analyzes and check information from the big players and  specialists u must check what they are thinking. About me? I sold already several bitcoins in this year.
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