Will You Sell when BTC Hits $1,000?

[Xer0]

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that 

[adamstgBit]

I'll probably sell some bitcoins right after they hit $1000 for other cryptocoins because there will be a sell off after hitting such a milestone. Then I'll buy some back after the sell off for a net profit in both currencies.

Excellent hedging strategy. Do you have any specific cryptocurrency for this operation?

I buy FTC, because its shiny.

What if it becomes rusty?

ill throw it away.

i only like it because its shiny

[Lauda]

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that 

I'd recommend getting at least 4 more.

[Xer0]

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that 

I'd recommend getting at least 4 more.

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

[Lauda]

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

[Wekkel]

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

http://www.youtube.com/watch?v=MUiPzADsGeE

[Lauda]

http://www.youtube.com/watch?v=MUiPzADsGeE

It's better to have $20 than $0. 

[Rupture]

I might sell some at $500 tbh

[qtronix]

if it hits a 1000 sell sell sell 

[tspacepilot]

I couldn't vote because I wouldn't cash out entirely or hold onto everything.   The other thing is that it depends on how many bitcoins I have at that time.  Currently I have around 1.25 so I wouldn't want to give them all up.  But I'd probably consider selling the .25 for $250.

[Xer0]

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

and for me its 1 year of college fees 

[wobber]

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

and for me its 1 year of college fees 

For me it's 4.7 coins

[Lauda]

For me it's 4.7 coins

For me it's launch money.

[Xer0]

we have already understood that you are rich 

[Lauda]

we have already understood that you are rich 

If i only was..rich enough. 

[Xer0]

just hold some more years   

[EvilPanda]

we have already understood that you are rich 

If i only was..rich enough. 

Rich get richer, poor get poorer... Should be easy in your shoes.

On topic, I would cash out countless times between 500 and 1000. I treat BTC as income source rather than investment. Bills are killing me

[JTrain_51]

looks like people will be keeping the balance i find that very dedicated to btc
Looks like we got a great community

I would probably sell 30% of my bitcoins and keep the rest

[Korbman]

Its honestly the most difficult question on earth right now for me.  Its obvious as we approach $500 that this is going to be an issue on the table for all of us.

How does one look at thousands (hundreds of thousands?) of dollars earned on the most risky investment known to mankind, and not "Grab" it and run?

You're spot on when you say this is a difficult question to answer, at least for me. The way I look at it, Bitcoin is similar to cash. The global M0 supply (physical currency) is valued at around $5-ish trillion...if Bitcoin can capture even 0.5% of that market, Bitcoin would be worth a bit over $1,190 per coin (spread over 21 million total coins). That's fairly substantial by any means, but by then you have to ask the question, "Will it peak at 0.5%"?

There are a lot of barriers to entry for Bitcoin, at least speaking to the need to have a computer (or computational device such as a smart phone, tablet, etc), know what encryption is, what an address is, how it operates, and how to keep your coins safe. That's a lot more to handle than the average person is will to take on (in today's technological environment).
I certainly see Bitcoin reaching $1,000+, though it may take 5-10 years to get there and stabilize.

[Lauda]

Its honestly the most difficult question on earth right now for me.  Its obvious as we approach $500 that this is going to be an issue on the table for all of us.

How does one look at thousands (hundreds of thousands?) of dollars earned on the most risky investment known to mankind, and not "Grab" it and run?

You obviously haven't invested at all/maybe small amounts in life.
I see no reason to get my (example) $100,000 when it will be $200,000 in the near future.