stupid millionaire or risk to be Billionaire ?

[princesspoppy]

if you had many bitcoins now, do you sell them or hold?

remember if you sell now and :
Price drop : you will be lucky millionaire.
price goes up later : you will be stupid millionaire.

if you don't sell now and :
Price drop : you will be broken.
price goes up later : you will be Billionaire

If I got to have many bitcoins, I will do both. I will sell half of it and hold the other half. I know becoming billionaire is really awesome and exciting but I don't want to be all in in investing in bitcoin. I don't wanna take the risk of investing all of my bitcoin for the future, although I believe in bitcoin, we still don't know what might happen to it in future, it may rise, it may also fall and it would be sad if bitcoin price fall.

[lizardbtc]

if you had many bitcoins now, do you sell them or hold?

remember if you sell now and :
Price drop : you will be lucky millionaire.
price goes up later : you will be stupid millionaire.

if you don't sell now and :
Price drop : you will be broken.
price goes up later : you will be Billionaire

If you ask me I will put some money into potential altcoins that could give me nice returns. Some portion of it I would sell - only If I really need them, but if I could support myself without trading BTC to fiat, in this case will hold bitcoin for sure. Either we call it bitcoin or something else in future I see that we will be able to transact freeley with many services and merchants accepting crypto currency which is why I'd say I'd hold.

It takes guts to hold, specially if you bought in early days.

[menggay16]

In the most difficult way to earn a Bitcoin it is difficult to make this important deciscion the need to decide. Big Holders or Investors in Bitcoin and very knowledgeable in this trend I think they will accept if there a risk on this situation, especially in this case they may not be able to understand if they have a great deal of profit if it is wrong or not they will know that even if they are able to do it can do more well the way.

[Eric01]

Id rather be a risk taker to be a billionaire than to be a stupid millionaire. Im a risk taker in real life and I think it would be nice if i have no regret in life.

[Kprawn]

Millionaire or Billionaire makes no real difference. Most people are neck high into debt and if your investment can lift you

out of that debt cycle {rat on a wheel} then you are already on your way to being a Millionaire or Billionaire. I think it is

better to rather invest {to get your foot in the door} than not investing and not having the chance to make those millions.

You cannot win the Lottery, if you did not buy the ticket. 

[coinsontheroad]

I'd be okay being the millionaire. I recently sold most of my BTC and transferred it to alts. Selling while the price is falling only makes sense.

[cioloxl]

The idea is to always mitigate the risk by never putting all your eggs in one basket. A saying that works for pretty much every other investment opportunity out there. The way I go about mitigating the risk is having 50% of my money in fiat. That way I don't lose too much when the market dips or even crashes and I have the advantage of being able to buy at premium prices. Would never use something the likes of tether or anything like that, tbh.

[BrewMaster]

if you sell now or if you hold now and at the same time you are only thinking in terms of being a millionaire or a billionaire,... you ARE dumb no matter what.

because it means you just invested in bitcoin, the biggest innovation at least in financial/economical field and you never understood what you invested in. you might as well have bought a sack of potato and made the same profit!!!

[adhafaiq]

For me, if the bitcoin price is at the high price better sell it. Do not sell all the bitcoin. Sell a portion of it for creating wealth such as buy a property. That is my opinion. 

[Carlsen]

Actually being a millionair would do the trick for me. I do not see any difference in my life if I was a millionair or a billionair.
So If I would get the chance of earning that much money by selling my coins, I assume I would do that.
At a certain point you need to enjoy life.

[Gulayman]

The only strategy is there to be successful in a field. So we must be wise and always our timing for buying and selling faster we being billionaires.

[munareal]

I like you analysis of how it will be. Yes I will rather be broke if the price drop or a billionaire is the price goes up. Best things in life  do not come easy so it is a risk one has to take

[psibenik]

The smart thing to do would be to divide your assets between bitcoin, a variety of altcoins & traditional assets (stocks, mutual funds, etc...)

[shailkumari]

I am holding for long term as I strongly believe that the price will reach 1 million mark as well. I do not need any funds for now.

[erre]

I would be very happy to be a btc AND fiat millionaire

I mean, you don't need to sell all your stash at once, I think I would be a millionaire in both fiat and bitcoin way before becoming a bitcoin billionaire, and so should any.

[TheySeeMeHodlingTheyHatin]

if you sell bitcoin, you are buying fiat currency !

does it sound smart for you to buy fiat currency ?

[oli123]

If I had a lot of bitcoins, I would sell part of the bitcoins, and part of it would invest in altcoins and leave the rest of Bitcoins for the future.
It's a shame I did not leave bitcoins when I started with Bitcoin ($ 90 for BTC) and I would be rich and happy.

[benalexis12]

if you sell bitcoin, you are buying fiat currency !

does it sound smart for you to buy fiat currency ?

I agree to this if you sell your bitcoin you are buying fiat currency, but if your holding bitcoin it's like you've value the price of bitcoin. We're millionaire in our mind but billionaire in our wallet.

[BeggarInCryptos]

if you had many bitcoins now, do you sell them or hold?

remember if you sell now and :
Price drop : you will be lucky millionaire.
price goes up later : you will be stupid millionaire.

if you don't sell now and :
Price drop : you will be broken.
price goes up later : you will be Billionaire

For ex., you have bitcoins or other criptocurrency for 1+ million $ and do not have fiat money. In this case you can sell a half into fiat money - it will be the best option.

Yes, to give a meaningful answer to this question you have to put in in context. It all depends how much FIAT you have, ie how much you can afford to lose everything. If you have not enough FIAT, to sell half is probably the wisest option. Leaves opportunities open without having to run the risk to get broke and ruined.

[darkangel11]

if you had many bitcoins now, do you sell them or hold?

if you don't sell now and :
Price drop : you will be broken.

More of a broke than broken really. Anyway, you're wrong. Take my situation as an example. I have some coins from 2014 that costed me $500- $700 each. If the price drops I won't be broke, not even close, especially that I've withdrawn my initial investment already, so even if it goes back to $500, which is almost impossible in the current state of cryptocurrencies, I'll still be gaining something.
If I had 1 million USD in BTC now and my coins were bought at $10k a coin I'd be a bit nervous but hold anyway. It's going to be worth much more at some point and it would be a waste to miss that chance.

price goes up later : you will be Billionaire

That would be my choice every time. It's not even greed but reality. The chances of it going back to $13k arte at least twice that of it going to $8k