SenatorFoxworthy (OP)
Newbie
Offline
Activity: 10
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 01:03:36 PM |
|
Everyone must have an exit switch in case the kaka hits the fan and Bitcoin drops arse or if Bitcoin hit a certain price match and it would make life substantially easier to cash out. Just wondering what would you need to happen to set that switch to cash out ASAP.
Would it be a low price? High price? Regulation? Strong International/National economy? Personal financial situation? Stable price? Massive price instability?
Give everyone an insight to what you think would make you push the big red button and call it quits.
|
|
|
|
dancon
Newbie
Offline
Activity: 26
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 01:05:18 PM |
|
my lowest price to sell is $0.01 USD
|
|
|
|
mprep
Global Moderator
Legendary
Offline
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 02:37:38 PM |
|
If most of the community drops out then so will I. Not sure about other criteria.
|
|
|
|
e521
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 02:57:03 PM |
|
Don't invest what you can't afford to losewhen the govt comes in, it's time to say byebye ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
|
|
|
|
rwilliams
Newbie
Offline
Activity: 8
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 03:31:04 PM |
|
What everyone else already said:
Do NOT invest what you cannot afford to lose. Develop a relationship with several bitcoin 'dealers' from bitcoin-otc, localbitcoin, etc. When you need to SELL, you'll have contacts. If you bought in when the price was relatively low, sell enough to get back your investment. If the price falls to zero, you lose nothing. Promote BTCs so that the price will not collapse.
|
|
|
|
DannyHamilton
Legendary
Offline
Activity: 3472
Merit: 4794
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 04:04:45 PM |
|
On the downside, I'll ride it all the way to $0.
I consider the funds used to acquire bitcoin as already gone. Either bitcoin makes it or it doesn't, but cutting losses is a sure fire way to guarantee that I'll have losses. I'd rather hold and see if it comes back up.
On the upside, I plan to hold it until it reached mainstream use and I can use it in my daily life as easily as I use cash. No need to "cash out" if I can just earn and spend it directly.
If it reaches an exchange rate of $100,000 per bitcoin without having yet reached daily mainstream use, I might consider cashing out a portion of it, but that will depend a lot on my own financial situation at the time.
|
|
|
|
syn999
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 04:07:21 PM |
|
the money throw in to btc its like gambling for me. i wont mind if i lose all but would be glad if raise the value
|
|
|
|
Birdy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 04:21:23 PM |
|
I might cash out some coins starting at $150+ Otherwise I will hold it all the way down to 0.
|
|
|
|
shadallion
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 05:03:45 PM |
|
I'm pretty much all in, so I'll hold till about $0.01 on the low end.
The tougher question is: "When do you cash out if bitcoin is going way up?"
It will be very hard not to at least take my profits out when I've doubled my money (for me, that would be around $200).
From there on out, I think I would free roll it till $1000....but honestly if it goes THAT high, it's nearing full on adoption as a legitimate alternate, global currency...and then there's nothing stopping it from going to $100K or more. So it would be short-sighted to cash out at a "measly" 1K.
|
|
|
|
niko
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 05:10:50 PM |
|
As long as I can use it, I'll keep using it. In other words, my "exit point" would be if I were not able to spend or exchange it easily - however, if this ever happens, it won't make sense to spend time "exiting" - just keep the coins as a suovenir.
This metric (being able to use Bitcoin) has only been getting better over the past few years - there are more and more places accepting and exchanging coins, more and more users, and there is even some progress on the regulatory side (growing pains mostly, but nevertheless). I don't expect giving up any time soon, and I am perfectly content with ups and downs ahead of us.
|
They're there, in their room. Your mining rig is on fire, yet you're very calm.
|
|
|
Isokivi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 05:19:09 PM |
|
Im here to exit the Eur/Usd denominated world.
|
Bitcoin trinkets now on my online store: btc trinkets.com <- Bitcoin Tiepins, cufflinks, lapel pins, keychains, card holders and challenge coins.
|
|
|
chmod755
Legendary
Offline
Activity: 1512
Merit: 1021
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 05:20:45 PM |
|
In other words, my "exit point" would be if I were not able to spend or exchange it easily - however, if this ever happens, it won't make sense to spend time "exiting" - just keep the coins as a suovenir.
Same for me. Just like I would keep precious metals in case of a collapse (like to literally 0.00 per troy ounce)
|
|
|
|
ARGpentem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 25, 2013, 05:31:20 PM |
|
technical indicators. i've been all fiat since the last drop from 130s. got out mostly in the 120s, was lucky enough to take more profits higher
|
A freedom fighter. Stop all your bull shit !
|
|
|
|