Bitcoin Forum
November 19, 2024, 03:23:44 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Will you sell at $10,000?  (Read 1938 times)
IamComrade (OP)
Member
**
Offline Offline

Activity: 66
Merit: 10


View Profile
April 13, 2014, 09:38:01 AM
 #1

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest
podyx
Legendary
*
Offline Offline

Activity: 2338
Merit: 1035



View Profile
April 13, 2014, 09:41:36 AM
 #2

might sell about 5-10%

locking in some softpaper, that's all Wink
EuroTrash
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
April 13, 2014, 09:57:30 AM
 #3

(if it happens) I'll probably buy sheets... or better, a company that produces them.

<=== INSERT SMART SIGNATURE HERE ===>
Mayuyu48
Hero Member
*****
Offline Offline

Activity: 644
Merit: 500



View Profile
April 13, 2014, 10:04:02 AM
 #4

even when BTC hit $3000 i'l sell it  Grin

Rannasha
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
April 13, 2014, 10:14:12 AM
 #5

It'll depend on what the purchasing power of the $ is at the time. If Bitcoin rises against the $ because of growing adoption, then it might be nice to sell some. If Bitcoin rises against the $ because the $ is (hyper)inflating, then there's little point in selling as the amount of $ you'd get for 1 BTC wouldn't buy you much more that it would if you sold your BTC today.
sajisama
Newbie
*
Offline Offline

Activity: 13
Merit: 0


View Profile
April 13, 2014, 10:15:12 AM
 #6

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest

We wont have to, imo....
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
April 13, 2014, 10:32:39 AM
 #7

Preemptively picking a number is bad. I sell whenever TA says a downtrend has started.
raskul
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
April 13, 2014, 10:34:29 AM
 #8

nah, i'll keep ploughing everything back into mining gear  Grin
long live bitcoin

tips    1APp826DqjJBdsAeqpEstx6Q8hD4urac8a
zimmah
Legendary
*
Offline Offline

Activity: 1106
Merit: 1005



View Profile
April 13, 2014, 10:37:41 AM
 #9

I will never sell my bitcoin, or at least not all of them.

I might at some point use some of my bitcoins to fund a company startup or something but other than that most of my wealth is stored as bitcoins. Why would I store my wealth in a deflationary fiat currency at the bank when I can store it as deflationary currency in my own home.
piramida
Legendary
*
Offline Offline

Activity: 1176
Merit: 1010


Borsche


View Profile
April 13, 2014, 10:44:42 AM
 #10

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term Smiley

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.

i am satoshi
TERA
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500



View Profile
April 13, 2014, 11:04:51 AM
 #11

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term Smiley

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.
He said asset, not cash. I can think of some assets that are reliable and perform much better than the USD:

-Futures/commodities
-Real estate
-Real estate investment trusts
-Blue chip stocks
-Bonds
-Small diversified positions of precious metals
-Guns

You shouldn't have all your eggs in one basket, no matter how bullish you are about the basket.  Bitcoin becoming a serious world currency and that is infallible is just a speculation, not a guarantee.
Wandererfromthenorth
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
April 13, 2014, 11:19:25 AM
 #12

If I think we are near the top of the bubble I would sell everything, only to rebuy at half the value.

If you mean "sell" in term of "cashing out", and quit this whole bitcoin thing, mmmhh never.
bananaControl
Sr. Member
****
Offline Offline

Activity: 322
Merit: 250


Decentralize All The Things!


View Profile
April 13, 2014, 11:42:34 AM
 #13

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest

No.

I only put money into bitcoin that I can afford to lose and I have all the time in the world, so for me it is either 0 or at least 100,000 USD  Cheesy
BlockchainHelp?
Newbie
*
Offline Offline

Activity: 28
Merit: 1


View Profile
April 13, 2014, 11:44:49 AM
 #14

If Bitcoin becomes 10K then you probably won't need to "cash out", you could just purchase what you want online with Bitcoin unless you want funds for a start up or something...
spiderbrain
Legendary
*
Offline Offline

Activity: 889
Merit: 1013



View Profile
April 13, 2014, 11:46:33 AM
 #15

I'll sell about half by that point.

Rawted
Hero Member
*****
Offline Offline

Activity: 742
Merit: 500



View Profile
April 13, 2014, 12:45:43 PM
 #16

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term Smiley

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.
Bitcoin, while a phenomenal break through, will not end up being the defacto standard of digital payments. Something better and more regulated will come along/get approved and take it's place. Diversity is key.
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
April 13, 2014, 01:38:41 PM
 #17

What, and miss out on 99.924% of the upside?
Only if I need to delever for a downtrend.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
April 13, 2014, 01:39:43 PM
 #18

If Bitcoin becomes 10K then you probably won't need to "cash out", you could just purchase what you want online with Bitcoin unless you want funds for a start up or something...

Same reasoning applies to the startup operating cash.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
aminorex
Legendary
*
Offline Offline

Activity: 1596
Merit: 1030


Sine secretum non libertas


View Profile
April 13, 2014, 01:45:27 PM
 #19

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term Smiley

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.
Bitcoin, while a phenomenal break through, will not end up being the defacto standard of digital payments. Something better and more regulated will come along/get approved and take it's place. Diversity is key.


Bitcoin is more strictly regulated than any other medium of exchange on Earth.  It is also fully capable of adapting to preempt competition, highly motivated to do so, and able to express all manner of diversity without compromising its design principles.  No fiat currency system can ever offer permanent and total immunity to counterparty risk and to seizure, and so will never be able to compete with bitcoin.

Give a man a fish and he eats for a day.  Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
Chris_Sabian
Legendary
*
Offline Offline

Activity: 896
Merit: 1001



View Profile
April 13, 2014, 01:51:14 PM
 #20

It'll depend on what the purchasing power of the $ is at the time. If Bitcoin rises against the $ because of growing adoption, then it might be nice to sell some. If Bitcoin rises against the $ because the $ is (hyper)inflating, then there's little point in selling as the amount of $ you'd get for 1 BTC wouldn't buy you much more that it would if you sold your BTC today.

This is a good point.
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!