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

[Kakmakr]

This was really a blast from the past.... Image to have been around when Bitcoin was going at that price. I got in at about $300 and I thought it was way over priced... but I still took the change. A few years after that, I sold some of those coins for $1000 and then at $20 000 and recently for $50 000.

I think in 10 years from now, I will still feel like a fool for doing that, when the price goes for $1 000 000 a coin.    No matter what happens to the price of Bitcoin.... it still stays a bargain. Hodl and sell some coins every ATH... because it is a absolute joy to be part of this.  

[1715263423]

1715263423

[carlfebz2]

This was really a blast from the past.... Image to have been around when Bitcoin was going at that price. I got in at about $300 and I thought it was way over priced... but I still took the change. A few years after that, I sold some of those coins for $1000 and then at $20 000 and recently for $50 000.

I think in 10 years from now, I will still feel like a fool for doing that, when the price goes for $1 000 000 a coin.    No matter what happens to the price of Bitcoin.... it still stays a bargain. Hodl and sell some coins every ATH... because it is a absolute joy to be part of this.  

The purpose on why you do engage into this market wont really have any thrill or excitement if you do just simply hold no matter what and missing out those selling chances specially on ATH times.

We can say that those coins in the market were really cheap since we have seen on how far it did go but when we are on that time then for sure we would really have the same mindset on what we are seeing now.

No one do ever thought that we would really be become big like this and never anticipated that adoption do really go to the rooftop.This might be an old thread but its really great to grave dig
and making out discussions about this and how great and do give out that good feeling or somewhat have that regret inside on selling out early.

[UsernameCrypto]

I'm a buyer, going down and/or going up.

You gotta pay to play. Right now I am still in test mode using small amounts.

I fully expect to learn this market and put it to full use.

IMHO all predictions of future prices are pure hogwash.

Noboody knows.

I would tend to agree with this.  Like any type of investing, no one actually knows the future of markets or they'd be even richer than they already are.  Yes, some markets track upwards over time like global index funds, and Bitcoin might do the same.  However, I'm unsure if some of the predicted future values can actually be realised.  People predicting it'll rise to a million come 2030, MMmm I'm not sure.  Although Bitcoin is the daddy of crypto at present, it doesn't necessarily follow it'll stay that way.  And, if those gains come to fruition, unless the average investor gets in very soon, Bitcoin will surely become the preserve of the rich due to the values it'll be trading at.  At $1,000,000, an investment of $10,000 would get you 0.01 and for your investment to double Bitcoin would then need to realise $2,000,000.  Yes there would still be dips, however if it reaches those heights even in the dips it would still be trading at hundreds of thousands (unless it practically crashed) so would still be out of reach to most in terms of holding a decent % of a coin.

[Kittygalore]

As many people will think here, I would quite do the opposite, what you are presenting is not an opportunity to exit but an opportunity to buy, imagine how many bitcoin you are going to get and hodl with a 10 USD value, becoming a millionaire is going to be a guarantee if you get around 1k bitcoin at that price.

[aoluain]

This is such a great visual lesson for the "Buy high, sell low" brigade.

I read the thread title and didnt check the date, i was wondering what the F.
are people thinking? now im thinking What the F. WERE people thinking?

In response to this:

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

I'll post a link to show that someone who already did in 2017 and is currently still travelling the world

A 39-year-old who sold everything he owned in exchange for bitcoin now lives on a campsite waiting for the ultimate cryptoboom

There are those who react to their emotions in negative ways and suffer FOMO and FUD,
and others who see an opportunity for the future who Buy and Hold.

[Lorence.xD]

This is such a great visual lesson for the "Buy high, sell low" brigade.

I read the thread title and didnt check the date, i was wondering what the F.
are people thinking? now im thinking What the F. WERE people thinking?

Was about to comment something about not buying but selling and then I saw the quote above that it was around 2011, when you look back at it, it looked like the 10 USD price of bitcoin was already a big deal back then but then now we couldn't even think if it will go down to 1k USD again.

[Amejoaquim]

Wowww glad to see this post, 10 years ago and i guess you already so fc**ing rich if you still HODL your assets.

It's hard to believe if theres someone can hold BTC for more than 10 years, i will can him "MrStrongHand".

[isaac_clarke22]

~

2011 topic, huh.
I had bad thoughts in Bitcoin that year, not from its price but from its utilization of people from the dark web.
If I could've bought few Bitcoins that year, I might be a millionaire at the least right now. It kinda sucks that I let that mindset.

[mezzaluna]

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?

For me, I would basically sell everything before Bitcoin plummets at that value. Its quite reasonable on why some people believe that Bitcoin's value should be around those numbers but its also not logical because everybody within the crypto industry knows that any time the values can drop but placing a value on Bitcoin is not possible since everybody here just rides whatever they can see and ride the current that would give them most profits.

[wack slacker]

This post is interesting, people in the past were also hesitant about the value of bitcoin until Bitcoin was silently collected in large numbers. I have great faith that Bitcoin will grow in investor suspicions and that Bitcoin will still rise despite any doubts. Just holding at least 1 Bitcoin since 2011 is enough to change a person's life.

[Joe_Bauers]

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

I would buy 100,000 of them. Anyone selling at that price?

[blockman]

I would buy 100,000 of them. Anyone selling at that price?

No one will do. 

This post is interesting, people in the past were also hesitant about the value of bitcoin until Bitcoin was silently collected in large numbers. I have great faith that Bitcoin will grow in investor suspicions and that Bitcoin will still rise despite any doubts. Just holding at least 1 Bitcoin since 2011 is enough to change a person's life.

Nothing has changed. There are still a lot of people that are hesitant to buy bitcoin. But just looking after a decade to this thread reading the discussion about buying under 10 bucks. You really can conclude that it's been a such long road for bitcoin and it's far already although we can say that it's just getting started as the institutions show interest towards it.

[Reosta_]

Just holding at least 1 Bitcoin since 2011 is enough to change a person's life.

It has changed many people's lives indeed. And, now we are accustomed to the price being this high but we shouldn't forget from what level Bitcoin has come to these days. It also means that we can see much higher levels in the future that we will be very surprised to see again. And there will also be new people whose lives will change in a very good way again.

[20kevin20]

I would not sell it tbh. In fact, I'd buy as much as I could unless the reason it dropped so low makes another price pump highly unlikely.

It has changed many people's lives indeed. And, now we are accustomed to the price being this high but we shouldn't forget from what level Bitcoin has come to these days. It also means that we can see much higher levels in the future that we will be very surprised to see again. And there will also be new people whose lives will change in a very good way again.

This applies only if things don't turn upside down, which I personally do not see as an impossibility since Bitcoin has not had a drastic price correction like it had back in 2015. The trend could change at any time in a way it's never changed before. Perhaps it'd be impossible for this trend to only keep continuing.

But this is what speculation is.

[acener]

No I wouldn't,
If it ever goes that low again I think it would mean that Bitcoin isn't needed anymore there is a new King of crypto.
If it drops to that price we couldn't be so sure that it would go up again.

[tinopener]

I would cheer myself up by buying a couple of pizzas with it...

[Rexler]

Wow, glad I came across this thread from 10years ago, really nice seeing people support bitcoin during the early stages, when only a few people had the opportunity to grab bitcoin at a very low price, who knows if most of them haven't sold off their bitcoin during the 2017 bull market, but if any of them actually keep it till now they should be millionaire/ billionaires by now, If I could see Bitcoin at the price it was when they discussed this I would still buy it .

[ivankoh]

Bitcoin will never go as low as $ 9.5.  It would be a disaster for the entire market, and I'm sure, never going to happen.  Bitcoin is getting more and more popular, atm bitcoin at gas stations is in most states in the US, is a trillion asset.So, no need to imagine, and if so, I will sell my house and car to  buy bitcoin.  )

[Renampun]

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?

*This is really crazy, I just realized that this is a topic that was created in 2011 'lol'...
In 2011, of course, there are many who do not believe in the potential of Bitcoin, including myself maybe. if space-time was real and I could go back to that year, of course, I would sell all my assets to buy lots of Bitcoin in that year. *I think all of you agree with me 'lol'

[kawetsriyanto]

*This is really crazy, I just realized that this is a topic that was created in 2011 'lol'...

Yep, it is a very old topic/thread. I don't know why someone replied again to this post. This post should be out of date and the topic won't be suitable with the current situation. So, actually, no reasons to make this thread alive anymore.

In 2011, of course, there are many who do not believe in the potential of Bitcoin, including myself maybe.

Sure, if we joined the discussion about this topic in 2011, we may be one of the panicking people to sell our Bitcoin soon once we see the price possibly dropped more than $9.50. As OP stated above, its value can be under $5. So, in this situation, we may decide to sell all our Bitcoin first.