Will You Sell when BTC Hits $1,000?

[bqxpd]

Unless you really, really need the money, it would be silly to cash out at $1000 given what appears to be the long-term trend. When it hits $5000+, though, I admit I'll be sorely tempted to sell a small handful.

[1714585688]

1714585688

[renaxi]

I wouldn't dump it all at once, since my goverment would find out and i would get charged for tax fraud. I would sell slowly like 2% (0.1BTC) of my stock each month, over severval months. Then hold atleast 50% of my stock in hope of the price increacing even more.

[mvidetto]

BTC seems to have reached a point whereby whenever there is a mini crash there are investors on standby with purchase orders ready to snap up coins preventing another complete free-fall.

This is what I've been pointing out, it can't crash.

Anything can always crash, it depends on the variables at hand.  I am sure of a few events that would inevitably cause bitcoin to be worthless.  However, they are extremely rare to happen as well.

[Lauda]

Anything can always crash, it depends on the variables at hand.  I am sure of a few events that would inevitably cause bitcoin to be worthless.  However, they are extremely rare to happen as well.

Not with the current buy support, unless we see a 100k dump.

[ferda2mx]

There is no reason to sell all coins, only if you desperately need pay your debts. But then USD/BTC price doesnt matter

[Lauda]

There is no reason to sell all coins, only if you desperately need pay your debts. But then USD/BTC price doesnt matter

Exactly. Besides that I don't see no reason to sell anything.

[jubalix]

I find it hard to repatriate any BTC into fiat. Diversifying into PPC, LTC, XRP, EMU ok that I can do.

But going back to FIAT, i mean the gov's can just print and unlimited amount, that makes even XRP's 100 Billion not look so bad.

[cryptoanarchist]

I wouldn't dump it all at once, since my goverment would find out and i would get charged for tax fraud. I would sell slowly like 2% (0.1BTC) of my stock each month, over severval months. Then hold atleast 50% of my stock in hope of the price increacing even more.

LMAO. Jesus, I can't decide whether to laugh at your naivete that the government is smart enough to find out every single person's bitcoin balance, or scold you for being such a pussy.

[haightst]

I certainly see Bitcoin reaching $1,000+, though it may take 5-10 years to get there and stabilize.

Seriously?

BTC has gone up over 1500% in 2013. If it does not go to zero/close to zero, a single 100% rise within the next year at least is hugely likely.

You seem to have missed the last part of my sentence, even with the emphasis.

Massive growth this year isn't indicative of a trend, and I agree that we will hit $1,000 *way* before 2018. But how many people do you think would sell at $1,000? I'm not talking about us on the forums, I'm talking about the normal people that are getting interested in Bitcoin now while the value is $400, or the big investors / investment funds who bought in at $100-200. For them to see massive xxx% short-term returns on their investment (compared to normal securities markets), I'm betting they'll dump quite a bit. It's more than enough to drive the price back under $1,000...and we all know how finicky people can be when they start seeing the market drop...

There are dozens of factors at play here that you may not be giving credit to. Stability takes time.

i'll sell half @ /\$10,000!   *please remove the red flares bro~ i will too...deal?

[theecoinomist]

I'm holding for the longest time

Joke aside, probably not before 1BTC/$20k

[EvilPanda]

I wouldn't dump it all at once, since my goverment would find out and i would get charged for tax fraud. I would sell slowly like 2% (0.1BTC) of my stock each month, over severval months. Then hold atleast 50% of my stock in hope of the price increacing even more.

LMAO. Jesus, I can't decide whether to laugh at your naivete that the government is smart enough to find out every single person's bitcoin balance, or scold you for being such a pussy.

I think he means government will check his bank account balance and tax the money comming from the exchange.

[AndrewWilliams]

The more I think about it, the more it makes sense to hold all BTC and never cash out.

In a few years, everything you can buy with fiat you will be able to pay with BTC.

Here's believing! 

[BittBurger]

in trading in the last few years regarding to the US financial markets, this is what is known as BTFD  - buy the f*cking dip

this is because the fed always pumps up any decline with new POMO money to send the markets right back up.....

right now bitcoin speculators have also been BTFD - because it has worked every time in the past - until it doesn't. Unlike the US markets there is no FED backstopping bitcoin. So when BTFD eventually doesn't work with bitcoin it will be brutal IMO. You are going to have a big decline, then everyone will BTFD, then instead of rallying there will be an even bigger decline as the new longs bail, plus buy orders pulled as those even lower become skeptical of BTFD and steer clear.

But lets see how it plays out, love it!

Why do you feel comparing Bitcoin to stocks is even remotely valid?
I love hearing all these stock guys comment on the various Bitcoin articles, mocking it, and informing everyone what Bitcoin is going to do next.
The best wealth management advisor I know in Southern California recently told me that in 25 years experience, he has never seen anything like this before.
Yet financial guys just *love* to try and smack all their "know how" onto bitcoin, as if there's something to compare it to.
Thus far, every. single. one of them. has been wrong.
I would steer clear of trying to apply any past-known principles of stock trading to the Bitcoin market.
Bitcoin is not a stock.  It is not a commodity.  And the trading that goes on is based on an entirely different premise.

[Lauda]

The more I think about it, the more it makes sense to hold all BTC and never cash out.

In a few years, everything you can buy with fiat you will be able to pay with BTC.

Here's believing! 

Well possibly, but not most likely in a few years. In 5 to 10 years, yes. Keeping some BTC is preffered, but I'd like to have fiat too.   

[I_bitcoin]

I am with Mr. Voorhees.   Only problem is that it is going to take quite some time to
get out of FIAT entirely.

[freedomno1]

Time to ask this question since it happened
Well that only took a few weeks 

http://www.bbc.co.uk/news/technology-25120731

[BittBurger]

Time to ask this question since it happened
Well that only took a few weeks 

http://www.bbc.co.uk/news/technology-25120731

I am happy to say it seems that there was no crash at $1,000 .... outstanding!

[superresistant]

So who was enough stupid to sell ?

[Wilhelm]

So who was enough stupid to sell ?

If I had 100000 BTC I would ... i'm not that lucky

[superresistant]

So who was enough stupid to sell ?

If I had 100000 BTC I would ... i'm not that lucky

Even with 1 million BTC, why would you sell now when you know it is going to 100K in about 2 years.