adamstgBit (OP)
Legendary
 Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2012, 09:52:21 PM |
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SkRRJyTC
Legendary
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Activity: 1008
Merit: 1000
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June 21, 2012, 09:59:42 PM |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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June 21, 2012, 10:13:53 PM |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
I hope that if the price ever goes into the hundreds there's a robust enough bitcoin economy that I don't need to cash out. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SkRRJyTC
Legendary
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Activity: 1008
Merit: 1000
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June 21, 2012, 10:21:50 PM |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
I hope that if the price ever goes into the hundreds there's a robust enough bitcoin economy that I don't need to cash out. True enough... even now, Coinabul's prices will be pretty irresistible if we go over $10 again. I think I would rather buy some stuff than 'cash out' too. |
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nimda
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June 21, 2012, 10:29:00 PM |
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I don't plan on cashing out. I want my bitcoins to be useful, goddammit! I'm only putting money in. I buy things with them and I invest them. Why would I cash out to an inferior currency? Only because I wanted to buy something only available with that currency... and like proudhon I sure hope that when Bitcoin reaches its full potential, I will be able to buy almost anything with bitcoins.
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casascius
Mike Caldwell
VIP
Legendary
Offline
Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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June 21, 2012, 10:30:59 PM |
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I would cash out if I felt that bitcoins were grossly overvalued for the non-speculative demand I felt existed at the time and that as a result the price was likely to implode.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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June 21, 2012, 10:33:05 PM |
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I would cash out if I felt that bitcoins were grossly overvalued for the non-speculative demand I felt existed at the time and that as a result the price was likely to implode.
Well, yeah, there's that. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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BoardGameCoin
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June 21, 2012, 10:38:51 PM |
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I would cash out if I felt that bitcoins were grossly overvalued for the non-speculative demand I felt existed at the time and that as a result the price was likely to implode.
Exactly, e.g. if it went to $15 in the next few days I would cash out, but if it went to $15 in the next year I probably wouldn't. -bgc |
I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested. For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested. |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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June 22, 2012, 02:01:35 AM |
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I would sell 90% at $10k in gold. The rest I would save for retirement.  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 22, 2012, 02:43:30 AM |
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lets say the people Really do start DUMPING the EUR for BTC ( call it a "bank run gone bitcoin" )
so the EUR will be dropping while the BTC rising, causing more bank runs gone bitcoin, in few weeks the EUR is worthless (or months cuz the government will only allow them to take out 300EUR a day?)
would the collapse of the EUR effect other currencies?
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mccorvic
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June 22, 2012, 04:25:21 AM |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
I hope that if the price ever goes into the hundreds there's a robust enough bitcoin economy that I don't need to cash out. +1 |
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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June 22, 2012, 04:29:59 AM |
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lets say the people Really do start DUMPING the EUR for BTC ( call it a "bank run gone bitcoin" )
so the EUR will be dropping while the BTC rising, causing more bank runs gone bitcoin, in few weeks the EUR is worthless (or months cuz the government will only allow them to take out 300EUR a day?)
would the collapse of the EUR effect other currencies?
srsly?!? only 300 EUR a day? That's scary. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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June 22, 2012, 04:37:40 AM |
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While this is true: The higher it gose the more i wana hold on to them!
I still better sell 90% at $1000
I hope that if the price ever goes into the hundreds there's a robust enough bitcoin economy that I don't need to cash out. Exactly. If they are ever worth a lot of money then you will be able to buy many things with them without needing fiat. |
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