thms (OP)
|
|
July 28, 2014, 10:27:39 PM |
|
2,000? 5,000?
Eventually some people will cash their BTC stash at some point
|
|
|
|
Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
|
|
July 28, 2014, 10:29:07 PM |
|
Minimum 10k per coin
|
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
|
|
|
giveBTCpls
|
|
July 28, 2014, 10:31:46 PM |
|
Minimum 10k per coin
Das it mane. Any lower than that and my life will be exactly the same as it is now, just with a little more extra cash. I want a life changing amount of money, other than that is just depressing. Also, I will never cash out 100%, only 50%.
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
|
|
July 28, 2014, 10:33:37 PM |
|
As many afterwards will no doubt state, ideally I wouldn't be cashing out at all.
If I wanted to buy a house and no one was going to take BTC for one then I'll be waiting for the high tens of thousands unless I wanted to live in a caravan, in which case the price right about now will do.
|
|
|
|
windjc
Legendary
Offline
Activity: 2156
Merit: 1070
|
|
July 28, 2014, 10:36:45 PM |
|
10kish might be where I start selling. As I think 40k is definitely a realistic 5-7 year target, Unless something changes, I would only start selling a small portion at 10k.
|
|
|
|
shockinglyugly
Newbie
Offline
Activity: 52
Merit: 0
|
|
July 28, 2014, 11:28:56 PM |
|
I would probably sell a little bit when bitcoin reaches 1200 again. Probably more when it reached 3,500 US.
|
|
|
|
minerpumpkin
|
|
July 28, 2014, 11:39:25 PM |
|
When the time has come, I won't have to sell my BTC anymore
|
I should have gotten into Bitcoin back in 1992...
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2926
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
July 28, 2014, 11:50:30 PM |
|
When the time has come, I won't have to sell my BTC anymore That would be great, at a price where I can sell enough Bitcoin that I would not need to sell the rest as the income that was generated from those coins will be worth enough to sustain all my needs and what not. Pretty much Freedom (Bitcoin) would say Freedom 65 but I think it will be a lot faster than that to retirement (That would be 40-50 or so years lol)
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
minerpumpkin
|
|
July 28, 2014, 11:55:44 PM |
|
When the time has come, I won't have to sell my BTC anymore That would be great, at a price where I can sell enough Bitcoin that I would not need to sell the rest as the income that was generated from those coins will be worth enough to sustain all my needs and what not. Pretty much Freedom (Bitcoin) would say Freedom 65 but I think it will be a lot faster than that to retirement (That would be 40-50 or so years lol) That phrase also mostly says that basically Bitcoin will be widely accepted by then and you don't have to sell it for FIAT money anymore, but rather just use it directly.
|
I should have gotten into Bitcoin back in 1992...
|
|
|
Benjig
|
|
July 28, 2014, 11:59:05 PM |
|
50,000 k
|
|
|
|
Swordsoffreedom
Legendary
Offline
Activity: 2926
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
|
|
July 29, 2014, 12:00:17 AM |
|
When the time has come, I won't have to sell my BTC anymore That would be great, at a price where I can sell enough Bitcoin that I would not need to sell the rest as the income that was generated from those coins will be worth enough to sustain all my needs and what not. Pretty much Freedom (Bitcoin) would say Freedom 65 but I think it will be a lot faster than that to retirement (That would be 40-50 or so years lol) That phrase also mostly says that basically Bitcoin will be widely accepted by then and you don't have to sell it for FIAT money anymore, but rather just use it directly. That's what you meant good point if I can purchase all my goods and services in Bitcoin and enjoy a very high exchange rate then there would be no need to be reliant on traditional financial services to handle your transactions. Xapo debit cards etc if you need to use fiat for any reason QR sends with your smartphone basically a completely interchangeable medium of exchange. I still like the term Freedom BTC though ^_^
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
vuduchyld
|
|
July 29, 2014, 01:28:54 AM |
|
Impossible to say. It all depends on factors that are impossible to foretell as of this moment. If the price drops again and hovers in lower ranges, I may accumulate quite a bit more BTC more quickly. With a larger stash, that would change things. Or the price might crash hard, convincing me to cash out at $50.
Also depends on the performance of other investments I hold.
Adoption rates are also a big part of the equation. Ideally, as has been pointed out, I would never cash out, but rather I would spend bitcoin in retirement based on a favorable exchange rate. If BTC is, as is possible, less subject to devaluation than fiat, why would one ever cash out to fiat and watch purchasing power decline?
|
|
|
|
Raystonn
|
|
July 29, 2014, 01:48:45 AM |
|
I suggest everyone simply decide on what percentage of their wealth they'd like to keep in Bitcoin. When your Bitcoin wealth, in USD terms, exceeds this percentage of your wealth, sell some to bring it in line. You will thus be placing limit sell orders on the way up. This way, if Bitcoin ever drops to $0 spontaneously, you will keep the amount you cashed out on the way up. This scenario is extremely unlikely to occur. But it's always best to diversify.
|
|
|
|
akujin
|
|
July 29, 2014, 01:54:14 AM |
|
|
BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7 LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
|
|
|
Experenza
Newbie
Offline
Activity: 9
Merit: 0
|
|
July 29, 2014, 02:52:02 AM |
|
$10,000 Minimum. Any less and it's not worth it for me. At a price around $5000, I will sell a very small(1%) portion of my investment to cover initial costs. The rest I will sell for $10,000 per coin at the least, or nothing at all. To me the opportunity cost of not investing in Bitcoin for big returns is worth less than the costs of losing my investment entirely.
|
|
|
|
indiemax
|
|
July 29, 2014, 07:15:45 AM |
|
When the time has come, I won't have to sell my BTC anymore well said, that man
|
|
|
|
InwardContour
|
|
July 29, 2014, 07:20:07 AM |
|
I won't sell ever my btc to FIAT but I'll start buying some stuff when the value will reach a stability, probably when adoption will be completed.
|
|
|
|
valvalis
|
|
July 29, 2014, 07:24:00 AM |
|
I wouldn't sell my BTC, I prefer to buy some stuff using my BTC.
|
|
|
|
zetaray
|
|
July 29, 2014, 07:58:19 AM |
|
Cash out completely? Probably never. But I will sell half around $2000, and buy them back when it drops back down to $1500.
|
|
|
|
Gargulan
|
|
July 29, 2014, 08:31:20 AM |
|
Will start cashing out around 2000 and wait for correction.
|
|
|
|
|