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Poll
Question: you receive 10000 BTC  (Voting closed: May 03, 2014, 04:15:46 PM)
you change them to fiat money immediately - 19 (27.5%)
you change them to fiat money when 1 btc = 1000$ - 11 (15.9%)
you will never change them to fiat money - 39 (56.5%)
Total Voters: 69

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Author Topic: What would you do if...  (Read 2092 times)
bitcasino (OP)
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April 18, 2014, 04:15:46 PM
 #1

just curious... Smiley
maurya78
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April 18, 2014, 04:20:36 PM
 #2

The lame version: switch half to fiat, hold the rest.. Wink

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April 18, 2014, 04:21:51 PM
 #3

Exchange 2000 BTC to fiat and keep the rest until BTC reaches at least $800-$1000.
bitcasino (OP)
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April 18, 2014, 04:24:06 PM
 #4

The lame version: switch half to fiat, hold the rest.. Wink
No No you can't! only 3 choices  Cheesy
bitcasino (OP)
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April 18, 2014, 04:25:01 PM
 #5

Exchange 2000 BTC to fiat and keep the rest until BTC reaches at least $800-$1000.
impossible sorry, not in the poll! Grin
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April 18, 2014, 04:28:04 PM
 #6

First choice/ i'll change them immediately for money.
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April 18, 2014, 04:28:57 PM
 #7

Exchange 2000 BTC to fiat and keep the rest until BTC reaches at least $800-$1000.
impossible sorry, not in the poll! Grin

Oh. Sad I'll go with the second option then.
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April 18, 2014, 05:00:05 PM
 #8

I would immediately switch to fiat, wait for the price to drop slightly, then re-buy 90% back and hold/spend as bitcoin.
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April 18, 2014, 05:07:27 PM
 #9

switch to fiat and buy a island
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April 18, 2014, 05:14:51 PM
 #10

First option is stupid, because you would be selling half of them at $100.
More like sell 200, buy a house, sell 200 more buy a second house, sell 200 more, buy a third house, later on sell 200 more buy a fourth, and so on. Then rent the houses out to veterans for cheap as dirt after I have 10.
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April 18, 2014, 05:15:40 PM
 #11

If i would be a millionaire and have like 5 million dollars i would of course keep all 10K bitcoins for a long term without selling ANY of them. Smiley
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April 18, 2014, 05:16:40 PM
Last edit: April 19, 2014, 05:38:31 PM by odolvlobo
 #12

The best choice is to sell all the bitcoins, and then do what I want to do (which would include buying most of them back).

Your poll is broken. You need more options plus none of the above. I think that your results will be invalid because most people would select none of the above if they could.


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April 18, 2014, 05:19:28 PM
 #13

First, pay the relevant taxes on the massive gain I just experience by receiving these.

Then, switch some to fiat, watch prices, if it starts to drop or look sketchy probably unload some more quickly, ultimately I'd hold onto at least 25% for very long term to see if it ever does actually hit 10k or something crazy like that.
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April 18, 2014, 05:19:40 PM
 #14

Changing to fiat is not necessary, you can spend the BTC directly instead

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April 18, 2014, 08:11:39 PM
 #15

Hodl them until there worth far more than 1K, but then I'd sell some. You need to add more poll options.

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April 18, 2014, 08:36:45 PM
 #16

I admit, I would immediately sell some just to cover my student loans...but definitely hold onto the rest as there's no reason no to... Grin
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Hi


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April 19, 2014, 02:53:24 AM
 #17

i will start an btc exchange Cheesy

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April 19, 2014, 02:55:56 AM
 #18

I will exchange 90% to fiat, and then donate it all to charity.

The other 10% stays in bitcoin.

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April 19, 2014, 03:04:58 AM
 #19

Changing to fiat is not necessary, you can spend the BTC directly instead

Pretty sure you can't buy a lot of things (property for example) very easily with BTC at this stage...
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April 19, 2014, 06:38:34 AM
 #20

The lame version: switch half to fiat, hold the rest.. Wink
No No you can't! only 3 choices  Cheesy
Can I at least get spend whatever I have at some point in time?

Edit: Given the 3 choices, I will switch to fiat immediately. Then I would be free to do whatever I wanted with the fiat and not be bounded by the constraints of this stupid poll.
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