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Question: Would you sell your BTC for $100,000 per coin and never go back to the game again?  (Voting closed: December 20, 2020, 02:52:16 PM)
Yes - 20 (27.4%)
No - 53 (72.6%)
Total Voters: 73

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Author Topic: Would you sell your BTC for $100 000, and never go back to the game again?  (Read 1029 times)
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December 13, 2020, 06:53:41 PM
 #21

I'm about to say yes and get out for real in the game. But if we talk about future and long term goals, we're at win with bitcoin and it can even surpass the given price of deal. If there's no condition of getting back of having it again, I'd definitely sell all @$100k.  Tongue
But if I ever do and agrees with the deal, I'll invest into some other things but not as volatile as bitcoin but at least it will continuously me allow to earn from that profit that I've made. It's not gold or silver.

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December 13, 2020, 06:57:11 PM
 #22

If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
That's really a good question but I think you should have wrote fixed price because people with 0.0001 btc or similar amount will write an answer that should be digressional.

Those, who answer - YES, are a type of people who prefer "an egg today".
Those, who answer - NO, are a type of people who prefer "hen tomorrow".

Right now, my personal answer is following:
Despite the fact that I would get great profit that would be enough to launch a profitable business, I wouldn't make such decision that will not give me a possibility to use bitcoin in future. We should follow trends, be creative, past is past, we develop. If you stick with the past, you'll never develop. Maybe not only bitcoin but cryptocurrencies and blockchain technologies are future in overall. Most companies invest their assets in bitcoin, most companies adopt bitcoin and what do you do in this case? Saying no to it in exchange of $100k on each? Isn't there a high chance that bitcoin will ever surpass that $100K?

Long story short - I prefer "hen tomorrow" so no, I wouldn't sell bitcoin even for that price because I'll lose the future possibilities.

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December 13, 2020, 07:12:20 PM
 #23

Of course not! What if Bitcoin becomes the world's mainstream currency and the main proof-of-value asset? I'm not willing to take the risk. Moreover I'm pretty confident that mark will be touched in the next couple of years.
Institutions are strong and putting a lot of buying pressure on the market these days.
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December 13, 2020, 07:19:24 PM
 #24

I 'accidentally' voted for Yes without reading the whole question.

If someone offers me $100k for my 1 Btc at this point - Yes
If someone offers me $100k for my 1 Btc at this point and asks me to never own it again - No, never. Btc has been life-changing and I love the challenge of earning it rather than just go for a $100k deal 'except only when I have more than 100-1000 btc available in my portfolio already'.
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December 13, 2020, 07:39:55 PM
 #25


Most have their own figures when it comes to selling BTC, and accordingly my question is: If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?



Voted Yes!

So far, i do have a hard time on earning or accumulating a whole bitcoin and if someone do tend to buy up 1 for 100k usd then i would definitely deal with that.

Basing on the agreement where you should never own again then i can deal with that yet $100k isnt something that i can earn in a short span of time.Lets say 5x the price would be
needed for bitcoin to reach up 100k which i do believe that it might really take for sometime and since we are just dealing with btc then
i will make some engagement towards alts.

Might sounds to be greedy but i cant just miss out that kind of opportunity.

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December 13, 2020, 07:41:00 PM
 #26

that's a very good question indeed. personally I believe that this time ATH will be around this amount. so it makes sense to cash out all when price climbs close to that price (or even at 50k). then price dip will follow and will buy back same amount of BTCs and wait until price reaches very high value. it may take many years but that will be perfect retirement fund. this is what i promised to do after i cashed no money in the last bullrun 3 years ago.
getting 100K right now also is not a mistake assuming price may never touch this value (this is an possible option) but only if you have 10-20 BTC at least or if you live in country with low standard where 1-2 is enough.
so both options are good. accumulate as much as you can. such a chance comes ones in a lifetime. i am not sure most of us or all of us will see such opportunity as Bitcoin again. eventhough i am wrong grab the chance NOW!
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December 13, 2020, 07:50:13 PM
 #27

Well one thing is for sure, the majority of those who own bitcoin are in it solely to make money.  I've talked to countless friends and family who own bitcoin but actually have no idea how it works or what it's use cases are for.  Just goes to show how few people actually do their homework when learning about financial products.  That said, if I were given this offer of 100k I'd take it.  I fully expect bitcoin to reach heights above 100k, but who knows how long that will take and of course there is no guarantee.  100k is life changing type money for many. 

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December 13, 2020, 08:25:08 PM
 #28

This is undoubtedly one of the most difficult question because most of us are here for profit or some sort of passive income but at the same time we do have people working hard for the technology which Bitcoin has started, we are greedy as well hence I think most of us including myself would not quit but rather cashout and reinvest in the greed of earning more.

Bitcoin enthusiasts will not dump it unless it's a critical situation or financial emergency.

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December 13, 2020, 09:04:08 PM
 #29

100000 is actually a number I have set as an objective for myself, with the caveat that I think in Euros, so it's a bit more than 100000$ (maybe not by then). Not to sell all BTC though, I would never do that. My idea is to sell a chunk though, not to exit but because that would be a tremendous achievement already so I'd want to act on it. Then if BTC crashes after that, I would probably buy back the amount I would have sold, so basically I would trade that price. Until then, no more trading.
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December 13, 2020, 10:08:17 PM
 #30

No never!! Bitcoin has given me too much I must remain loyal!  Grin I believe in bitcoin I think it will go for more than $100k one day. With the amount of bitcoin, I have now I would definitely not take this offer up. You would need maybe 10 bitcoins to make this a worthwhile offer. Even then... Not being in the bitcoin world sounds depressing to me and you? How on earth will I spend all my precious bitcoin if I do not possess any? I want to one day feel what it is like to make mainstream purchases with my bitcoin.
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December 13, 2020, 10:36:19 PM
 #31

...

Yes, I would take the money and run.

Another interesting question would be to have asked if each Voter were a "small" HODLer or "large".  I would bet that many larger holders would sell and move on..  ("Small HODLer" here)


EDIT: Besides, because no one can predict the future (and unknowable technological change)...

What is a small or a large hodler. If I have 1 BTC am I a small or a large hodler. What if I had 5? 10? For 1 person 100 thousand is going to be a small fortune, for another pocket money.

In my case it would be very tempting because just 200 thousand dollars would allow me to realize all my current dreams. On the other hand I'm not in need of money now. If I got it all at once I'd quickly spend it and realized 10 years later that I did not really need those things and if I held my coins would be worth more.

I choose no. I prefer to take my chances especially that I'm getting some coins every week I spend here. Agreeing not to be involved in bitcoin would end that.
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December 13, 2020, 10:47:41 PM
 #32

There are so many factors at play here;
1. What was the price I bought the bitcoins at before the rise?
If I bought Bitcoins at less than $3K and it hit $100,000, of course I would try to cash out some. I mean what's the point of just stocking Bitcoins minus spending any?

2. How many bitcoins do I actually own?
The urge to cash out when I have 100 BTC ($10M) would be far different from the one if i had only 0.1 BTC ($10,000)  Grin

But to be honest, I wouldn't withdraw all the bitcoins and I don't think I would stop the game I would keep some for the future (family and grandkids)


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December 13, 2020, 10:56:41 PM
 #33


A tough question for me.

$100,000 is already a life-changing amount and for long-term goals, even without touching again the BTC, the amount can be used on opening up a business and won't purely rely on bitcoin moon price to make a good profit.

But my direct response for now, NO @ 100%. But if there's a thing that will give me enough reason to pursue it then YES, I'm not closing the doors. In other words, depends on the given situation.

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December 13, 2020, 11:17:15 PM
 #34

Not returning to the game is a big clause, I won't underestimate the power of bitcoin. Very hard to call but I will remain in the game for life and hold my bitcoin.

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December 13, 2020, 11:52:42 PM
 #35

There's no reason for you to accept such offer if you do have lots of coins into your stash. $100,000 wont really be enough nor be convincing if you do have lots of coins
into your wallet to know the reason or the probability of bitcoin to go in new heights which would potentially able for you to earn more.

Not only on the profit or money making side of things on why i wont quit on engaging towards bitcoin but also into its usage when it comes to transaction making.

Not all would really be that selfish on dealing with things just for a mere amount( for rich guys) for them to stop to touch bitcoin.

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December 13, 2020, 11:59:38 PM
 #36

That's a tough decision to make. $100,000 is worth so much when converted into our currency. But, I would also be skeptical about the offer. I mean, why would someone offer me such an amount? There's probably something he knows about bitcoin that I might regret after making a decision. It might be at its highest value when I come to the point of selling it. So even if $100,000 is no joke, I'd probably respectfully pass. I appreciate the offer, though. But I think I have come long enough just to sell it and never come back. Bitcoin has already become a part of my system and I am happy with how I am earning with it. Smiley

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December 14, 2020, 12:08:56 AM
 #37

Like I see when reading the answers, 100 000$ is not the same thing depending on where you live. I'm European so that's a big amount but not enough to buy a house where I live for example. For an American it could just be one year salary, not really life changing.

In poorer countries, that might make you the richest person in town.
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December 14, 2020, 01:43:33 AM
 #38

It's a dilemma specially for average Joe who don't have enough bitcoin in their wallet. Perhaps if you own 1 BTC already and you can live comfortably with $100,000 in your country then I guess it is ok.

However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.

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December 14, 2020, 03:55:06 AM
 #39

It's a dilemma specially for average Joe who don't have enough bitcoin in their wallet. Perhaps if you own 1 BTC already and you can live comfortably with $100,000 in your country then I guess it is ok.

However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.
1BTC at 100k is enough for me to go for a retirement in my country at 35 at the very least. I do agree that it is hard to accumulate the amount but this is all hypothetical so nothing can hurt, for me I would definitely go for it and use that money to go do some business that can sustain a simple life, and as I said earlier retire at 35 and pursue my other goals since I have a lot of free time, having a lot of money and not knowing where and when to spend it on does not make any sense to me.

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December 14, 2020, 04:01:39 AM
 #40

With my current coin holding, I would be able to procure a decent amount in case I sell them for $100,000 per coin. And since I am residing in India, where cost of living is quite low, I will be able to purchase a decent house with that amount (currently I am living in rented accommodation). But still I need to find a full-time job, to support my expenses, as the remainder of what I have after purchasing the house will not last too long.

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