Tired of the 800's

[Erdogan]

When whe pass 1000 on the reference bourse gox, I am going to sell a bitcoin, my first, not counting those I have used for buying goods and services and immediately rebought. And I am going to weep. It will mark the point where I start to reduce my nominal bitcoin holdings. My real value will still increase, because each year I will reduce my nominal bitcoin holding with a percentage considerably lower than the increase of the real value of my remaining bitcoins.

When I think about what the bitcoin system can do for the freedom of the individuals of the world, I feel I have to bough in respect. The current thieves, not the small ones with a gun or a knife that might rob you on the street, but the really big thieves, that have robbed me with half of my wealth about 5 times since I started earning my own money, they have to know that their time is over, there are just too much good information out there for them not to know. They will try to distract the general public with allegations of drugs, child porn, terrorism and money laundering, but they will loose, it will be exposed that it is they who trade in those markets, not we the bitcoiners.

Ranting aside, now is the time for me to start the spending. Later comers might have to wait some more time, newcomers might have to wait 3 years. The point is, if you have the knowledge, the means and the guts, you can invest now an not loose the train. The raise will continue.

[1714584843]

1714584843

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[GriTBitS]

I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm 

[chrsjrcj]

I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm  

Basically, I have enough, and more.

Well, if that's the case.

1HuuzPTTcM41KQ7thEfQ2g1bwbW2KEEgCc

 

[Mondy]

We need to reach 1000 first 

[thetopham]

I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm  

Basically, I have enough, and more.

Well, if that's the case.

1HuuzPTTcM41KQ7thEfQ2g1bwbW2KEEgCc

 

werd send some this way too

[superkawaii]

same here dude I plan on buying 100 litecoins with it

[favelle75]

No more 800's here...more like 700's.

[Sindelar1938]

Matter of time before we are back sub 500

So please relax 

[theonewhowaskazu]

No more 800's here...more like 700's.

It rounds up.

[BittBurger]

I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm 

Only if you voluntarily advertise to the world that you made money on Bitcoin.

I don't see any reason why someone would do that.

As far as I know, the exchanges don't correspond with the IRS either.

It continues to fascinate me that we take all the financial risk, and the government takes none of it, yet we have to give them 30% + of any gains we make on it.

The epitome of unethical bullshit in my book.

[slikes]

If you really have that many bitcoins, and you don't want to cash out, I suggest you hold. Having that much potential money doesn't mean you have to spend it on yourself. Give your bitcoins to charities, not random investors.

[Edward50]

Your crazy for not selling at least 5-10% of your bitcoin holdings at this price. It may go higher, but most likely it will not and will probably go lower.

[windjc]

Your crazy for not selling at least 5-10% of your bitcoin holdings at this price. It may go higher, but most likely it will not and will probably go lower.

More advice from am newbie who doesn't know how to read bid and ask depth or various other factors.

[PenAndPaper]

As we 've seen recently 1000$ is a psychological barrier and it will continue to be for a while.
OP just confirms that  

[GriTBitS]

After 1000, Hello slow ride to 10k. Normal people won't even invest in it till its around 10k... Then they will say to themselves. If i would have put 10k in there I could have paid off my house! Then will come the extreme panic buying like no other and every biz will accept it because they too will hear of all the stories of biz accepting making great profits from it.. It's not a loss until you realize it. I myself could have bout 3300 coins last year at this time. Bought a mini rig instead... Total Fail! The realized profit loss is huge!

[btcprice]

Your crazy for not selling at least 5-10% of your bitcoin holdings at this price. It may go higher, but most likely it will not and will probably go lower.

More advice from am newbie who doesn't know how to read bid and ask depth or various other factors.

I've seen nothing but criticism from you in your recent posts with no offering of advice on whether to buy or sell or stay. I know it can be frustrating to see the new posters posting their thoughts without experience but you seem to have made a hobby of criticizing them. Get over your OCD behavior and you will find time to do more productive things.

[duravello]

I don't understand your logic. If you believe in bitcoin why sell it? To buy what? If you don't need to sell then why do it. The only option I see as a reason is to pay off debt and to live a debt free lifestyle. If not. Just hold eventually you will just spend them like normal and you will spend less than you need because the value will continually increase. Not to mention.... 40% tax on that!!!!!! Go ahead cash out for cash, pay taxes on it. Or just sit on it and just spend it. No tax! hmmmmmmmmmm 

Only if you voluntarily advertise to the world that you made money on Bitcoin.

I don't see any reason why someone would do that.

As far as I know, the exchanges don't correspond with the IRS either.

It continues to fascinate me that we take all the financial risk, and the government takes none of it, yet we have to give them 30% + of any gains we make on it.

The epitome of unethical bullshit in my book.

The worst is you cant deduct the tax if you make loss instead, I mean for normal working person like me, not a professional trader.

[PenAndPaper]

After 1000, Hello slow ride to 10k. Normal people won't even invest in it till its around 10k

If bitcoin goes from 1k to 10k my bet is that it is going to be the greater roller coaster the world has ever seen  

[duravello]

After 1000, Hello slow ride to 10k. Normal people won't even invest in it till its around 10k

If bitcoin goes from 1k to 10k my bet is that it is going to be the greater roller coaster the world has ever seen  

I dont think, unless you call 1k -> 10k  -> 6k  -> 25k  roller coaster 

[shmadz]

After 1000, Hello slow ride to 10k. Normal people won't even invest in it till its around 10k

If bitcoin goes from 1k to 10k my bet is that it is going to be the greater roller coaster the world has ever seen  

I dont think, unless you call 1k -> 10k  -> 6k  -> 25k  roller coaster 

Hah! what roller coaster would be complete without a rocket ride at the end?

How about 1k -> 10k  -> 6k  -> 25k -> 50k -> 100k -> 200k ...