If Bitcoins dropped to $9.50, would you sell everything?

[imperi]

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

And how would you determine the 'true value'?

It would be based on economic activity not counting speculation (according to them).

[OgNasty]

Why would you sell because the price dropped?  That is the way poor people think.

When the price drops, I trade stuff for BTC and use the $ in my account to buy more.  When the price rises, I buy stuff with BTC and sell the coins in my account.  That is how you get more $ & BTC.  I thought this was common sense...

[iopq]

[rule]:  never sell at a loss and never gamble what you cant lose.

i wont sell at anything less than 10% profit after fees.  at which point, everything (profit included) gets re invested at a lower price, restarting the cycle. 

i havent panic sold yet, and i refuse to.....

I wish I had panic sold at $24

[Jalum]

Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*

[triforcelink]

Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*

yea? and??? you are the fuel that keeps the dollar machine going. Do you hold any gold or silver? Because if you do, you keep the precious metal machine going! A good idea means NOTHING if there is no one supporting it.

[testabcde]

10 years ago..

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

Anything lower than 10, I buy buy buy...

10 years later..

Anything lower than 10,000,000 I buy buy buy...

[DarkDays]

Why would you sell because the price dropped?  That is the way poor people think.

I agree. When the price drops to a reasonable number you don't sell, you buy. Quite the opposite.

And, though, I get that the OP question is only putative, I do not think BTC will go under 20K any time soon...

[seoincorporation]

Why would you sell because the price dropped?  That is the way poor people think.

I agree. When the price drops to a reasonable number you don't sell, you buy. Quite the opposite.

And, though, I get that the OP question is only putative, I do not think BTC will go under 20K any time soon...

Sell and take the loss is a terrible move, and the only reason to do this is if we need the money in that time, but is something that no one should ever do. In the end is how the markets work, remember every time someone is winning another person is losing.

Just like the ones who buy at $20k 2 years ago, they had to wait for a long period but today they have tripled up their investment.

I really enjoy reading this thread from 2011 and see how people react to the price of $10. 

[LoyceMobile]

Anything lower than 10, I buy buy buy...

Lol. I can only say I agree
Tell you what, I'll even double it!

[newwest]

Billionaires become greedy on the fall and not on that rise, so buying more during the fall is more beneficial provide you believe that bitcoin will not become zero or worthless and will bounce back even if the prices fall drastically. Time and again we have seen how bitcoin have bounced back and created so many times the new ATH and will continue to rise ahead too.

[BrewMaster]

and they say history doesn't repeat itself and people learn from the past.

if anything most people ignore the past and repeat the same thing over and over again. just replace $9.50 in the title with any price close to the current levels ($50k for example) and you'll see numerous topics all around the internet!
2011 and 2021 are different in one digit

[Spack17]

I've got emotional for seeing this topic. The price has gone up to insane levels in 10 years. The new ATH is over 60K dollars now which is really unbelievable when you compare it with the price many years ago. I wonder, years from now, what kind of a conversation we will have. 

[Review Master]

10 years later..

Anything lower than 10,000,000 I buy buy buy...

Maybe, everyone will say, "Anything lower than 100,000,000 I only buy buy buy.... 

Sounds like crazy prediction, but bitcoin might make it and than others will make a post like us in future. Over the time, bitcoin is sure to go through bullish and bearish market, but it's price always will be moved upward from its starting point. 

[ecnalubma]

Our grandchildren’s might laugh at us reading this topics. I’m just curious how many of these people still holding holding their BTC’s up to this day. It’s never too late if you believe in this asset, maybe in next few years this topic might be bump again and people reading this might be laughing at people talking BTC at $60k.

[TedMosby]

I've got emotional for seeing this topic. The price has gone up to insane levels in 10 years. The new ATH is over 60K dollars now which is really unbelievable when you compare it with the price many years ago. I wonder, years from now, what kind of a conversation we will have. 

me too. but it's more like.. "wooo.. I have a post at a thread where the bitcoin OG have a conversation about bitcoin price in 2011". lol
someone who read this post in the future,.. HI GUYS!  
I remember the first time I read about bitcoin in 2012, I thought it was a coin for a game. you collect it by playing a game and find a buyer who plays the same game too. what a dumb.

[kryptqnick]

The numbers have changed so much over 10 years, it's really unbelievable that $10 per BTC used to be a question 
However, just like back then, there are always people making the same mistake and panic selling when things aren't as they used to be. There were times when $1k seemed too expensive, and then $10k and $20k... But Bitcoin always recovers and eventually sets the new ATH. Still, I wouldn't buy at ATH because it might require waiting for years to profit at least a little bit.

[bryant.coleman]

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

LOL.. "some" people think that true value of Bitcoin is $1. Some others think that the true value is $0.01. That doesn't matter for me, because I believe that the fair valuation of Bitcoin will be in six digits very soon. And in case Bitcoin goes down to $5, then I will be purchasing a few tens of thousands of coins from my cash reserves. Because I know that within the next 10-15 years, the BTC exchange rate will increase by a lot.

[nullius]

LOL.  A half-day after I posted this to the Wall Observer:

N.b. that if he had held, he would have reached 1,000,000x gains at $60,000.  (100,000,000% ROI at $60,000.06.)  But the bubble has burst, and now he would be down to about 909,000x gains.  Bitcoin is dead, etc., etc.

https://twitter.com/GregSchoen/status/70261648811761665

I wish I had panic sold at $24

So, did you wind up holding?

(Asking because this user has logged in as recently as last month.  If he won’t answer for reason of privacy, I will understand!)

Why would you sell because the price dropped?  That is the way poor people think.

It’s the flipside of buying on FOMO when the price is up.  Buy high, sell low!

Yes... I will sell all my belongings to buy more..

^^^ Winner of this thread.

[phreess]

10 years ago..

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?

Anything lower than 10, I buy buy buy...

10 years later..

Anything lower than 10,000,000 I buy buy buy...

Hopefully hyperinflation doesn't hit us first

[Broke@$$Joe]

10 years later, Here as an owner of at around 8.000.000 SATS [aiming for 10mS] purchased at 25k per Bitcoin level.
Gotta love' the old comments of true Bitcoin appreciators bro.
It blows my mind I wasn't back than at this forum   not to be multi millionaire or anything, just to be part of the Revolution.
One's fortune is a trial on his/her life, I'd rather die with 0$ than zillions and stand before God on Judment Day with all that Burden of mine if I had not  helped others and the needy.
I hope everyone of you old participants on this forum did good man.
What a time to be alive
HODL and cheer up.

I wonder if anyone will reply me 10 years after from now and salute me upong my Precious SATS <3

#bitcoinpower