What would you sell at?

[Sutters Mill]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

[hilariousandco]

One hundred billion dollars.

[Kiki112]

I would never sell below a 1000$ 

[upekha]

actually never ^^
i wouldn't sell before it reaches it full potential, but when btc is at - lets say > 100k - its become a standart currency anyway..

[DannyHamilton]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

Hold on to the 1 BTC until bitcoin reaches mainstream use.  Then use micro-bitcoin for daily expenses (and hopefully have a portion of my salary paid in bitcoin by then as well).

[nishtrip15]

I'll sell it off for 10K USD.

[hilariousandco]

actually never ^^
i wouldn't sell before it reaches it full potential, but when btc is at lets say > 100k its become a standart currency anyway..

What do you define as full potential?

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

Hold on to the 1 BTC until bitcoin reaches mainstream use.  Then use micro-bitcoin for daily expenses (and hopefully have a portion of my salary paid in bitcoin by then as well).

This is what I'd like to do.

[coinpharmer]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

I dont have any plans to sell, I plan to just buy things with my coin as it gains value. example: I really want a house, Id love to buy one in bitcoin, so I guess my "forget this im cashing out price" is; 1 BTC/ house. fuck a dollar bill.

[Kipsy89]

i sell now, buy back at 600  

[coinpharmer]

i sell now, buy back at 600  

and if it goes higher will you buy back at a loss or be happy with your fiat waiting for the if/when it goes down? Im feeling pretty bullish personally with the winklevoss update, and the "bad new" that isnt even bad news because they cant stop the coin (DUH) coming from russia/china/etc makes me thing the US hearing later this month will be positive for bitcoin as the US trys to be different than those "commies" and the people running for re-election seem to like the idea of anyone giving them campain money.

[harlenadler]

i sell at 1 mirrrrion dorrarrs

[Cryptopher]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

I would only sell BTC with intent to increase my stake.

Ideally it would get to the stage where Bitcoin would be ubiquitous and valuable enough for satoshi payments. That's the dream anyway.

[Sutters Mill]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

I would only sell BTC with intent to increase my stake.

Ideally it would get to the stage where Bitcoin would be ubiquitous and valuable enough for satoshi payments. That's the dream anyway.

Yeah good point, although I'm not sure it will be called a Satoshi to the masses. I heard someone mention Micro Bitcoins the other day, that sounds like it might catch on better for smaller payments.

[Cryptopher]

This is hypothetical, and so easier to answer, but let's say you have exactly 1 Bitcoin. The prices keep going up, with only occasional dips. The price keeps rising and rising.

What's your price? What price would you decide, 'Forget this, I'm cashing out'.

I would only sell BTC with intent to increase my stake.

Ideally it would get to the stage where Bitcoin would be ubiquitous and valuable enough for satoshi payments. That's the dream anyway.

Yeah good point, although I'm not sure it will be called a Satoshi to the masses. I heard someone mention Micro Bitcoins the other day, that sounds like it might catch on better for smaller payments.

Yeah true. Satoshi would be the 'proper', original name for it, but perhaps the whole scale will need defining in other terms to meet the standards that are necessary for popular adoption.

[Sutters Mill]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

[Cryptopher]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

[Sutters Mill]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

Lol, yeah. Although everyone knows we're all gong to be rich next year. Hold on to your hat, and your Bitcoin!

[Cryptopher]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

Lol, yeah. Although everyone knows we're all gong to be rich next year. Hold on to your hat, and your Bitcoin!

The thing is, if we know that then why aren't we buying more? I think to myself sometimes, here I am positive that it will grow yet I remain cautious and don't invest anymore.

Why? I guess because I want to get them at a cheaper rate - don't we all!

[hilariousandco]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

Lol, yeah. Although everyone knows we're all gong to be rich next year. Hold on to your hat, and your Bitcoin!

The thing is, if we know that then why aren't we buying more? I think to myself sometimes, here I am positive that it will grow yet I remain cautious and don't invest anymore.

Why? I guess because I want to get them at a cheaper rate - don't we all!

Well it's the uncertainty / risk. It's harder and more riskier to invest and make money on coins that are around $1000 when they were less than $100, but I'm sure if the coins become worth 10k each we'll all be saying I knew I should've bought more at x 

[Cryptopher]

Changing the rules of my post, I'd like two in this situation, one to keep and one to cash out. Of course, I'd love hundreds...

If the price kept rising and rising then I would never, ever cash out, not until it got silly and I could live off the Bitcoin lol.

Lol, yeah. Although everyone knows we're all gong to be rich next year. Hold on to your hat, and your Bitcoin!

The thing is, if we know that then why aren't we buying more? I think to myself sometimes, here I am positive that it will grow yet I remain cautious and don't invest anymore.

Why? I guess because I want to get them at a cheaper rate - don't we all!

Well it's the uncertainty / risk. It's harder and more riskier to invest and make money on coins that are around $1000 when they were less than $100, but I'm sure if the coins become worth 10k each we'll all be saying I knew I should've bought more at x 

Yep! Of course it would be foolish to invest a large portion of your funds as you need to remain liquid enough to get by.

In the words of Duff in Stealing Harvard: "I'm not liquid, John. I'm not...liquid"

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