Complete the sentence... "I would sell all my Bitcoins if..."

[CoinCidental]

...I'd need the money to help someone I love.

Well it depends on how much bitcoin you have, if you have much so you don't need to sell all. But, I think its not a smart way to save all your money in bitcoin for now, just separate your money for cost of living and unexpected events (like help your family or other person you love) with money for convert to bitcoin.

You can diversify your money into different products. And If we talk about selling if you are earning profits at present as compared to your initial investment that you made in bitcoins I think you should sell it and make profit out of it and wait in future for prices to lower down so that you can buy it again.

If I hold 10,000 btc now I can dump at $300 a piece or whatever rate I can get today

I gets my wad of $3m in  cash but what happens if I can't buy them back again lower?  I have effectively sold my potentially winning lottery tickets for 300 each when they might be worth $10,000 each pretty soon....

This is a risk I imagine long term holders won't take..... At some stage btc is going to cross a price point it won't ever return to...... Its a gamble you need to think very carefully about

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[hunnaryb]

...I'd need the money to help someone I love.

Well it depends on how much bitcoin you have, if you have much so you don't need to sell all. But, I think its not a smart way to save all your money in bitcoin for now, just separate your money for cost of living and unexpected events (like help your family or other person you love) with money for convert to bitcoin.

You can diversify your money into different products. And If we talk about selling if you are earning profits at present as compared to your initial investment that you made in bitcoins I think you should sell it and make profit out of it and wait in future for prices to lower down so that you can buy it again.

If I hold 10,000 btc now I can dump at $300 a piece or whatever rate I can get today

I gets my wad of $3m in  cash but what happens if I can't buy them back again lower?  I have effectively sold my potentially winning lottery tickets for 300 each when they might be worth $10,000 each pretty soon....

This is a risk I imagine long term holders won't take..... At some stage btc is going to cross a price point it won't ever return to...... Its a gamble you need to think very carefully about

Yes that is a gamble and nobody is sure what the prices of bitcoins would be in the future. It is really impossible to predict so if the prices never returns to the prices we want than it would be like gambling and nobody can predict the outcome.

[fryarminer]

Wow. 20 pages of responses to the line: "I would sell my bitcoins....!"

I've got one word! "HODL!!!!"

[visual111]

if the price hit 2k i would sell everything. wipe out student loans, travel the world for a year, and then start a business

[Beliathon]

I would sell all my Bitcoins if someone offered me a viable solution for transcending capitalism with minimal violence in exchange for them.

This would be something akin to a manifesto or treatise, I imagine.

if the price hit 2k i would sell everything. wipe out student loans, travel the world for a year, and then start a business

You must have a lot of BTC if 2k is all you'd need to do all that! I could wipe out my debt and maybe travel for a few months at best.

[pooya87]

Wow. 20 pages of responses to the line: "I would sell my bitcoins....!"

I've got one word! "HODL!!!!"

then what is the point of having bitcoin if you just hold on to it?!!
it is like saying i am not going to touch my salary and hold on to it and starve to death!

you either have bitcoin to spend like any other currency to buy stuff, or you have invested in bitcoin to sell it at a higher price and get a nice profit. with spending not being easy and not a lot of places to spend it the second is the case. so you have to sell at some point!

[Falconer]

then what is the point of having bitcoin if you just hold on to it?!!
it is like saying i am not going to touch my salary and hold on to it and starve to death!

you either have bitcoin to spend like any other currency to buy stuff, or you have invested in bitcoin to sell it at a higher price and get a nice profit. with spending not being easy and not a lot of places to spend it the second is the case. so you have to sell at some point!

If you want buy a stuff, then why you need to convert all your money into bitcoin? imo its easier to use fiat to buy stuffs nowadays, especially for people who living in rare bitcoin shop country. Just separate your money for cost living with money for investment.

[fryarminer]

then what is the point of having bitcoin if you just hold on to it?!!
it is like saying i am not going to touch my salary and hold on to it and starve to death!

you either have bitcoin to spend like any other currency to buy stuff, or you have invested in bitcoin to sell it at a higher price and get a nice profit. with spending not being easy and not a lot of places to spend it the second is the case. so you have to sell at some point!

If you want buy a stuff, then why you need to convert all your money into bitcoin? imo its easier to use fiat to buy stuffs nowadays, especially for people who living in rare bitcoin shop country. Just separate your money for cost living with money for investment.

This.

One day soon, Bitcoin will really take off. When it does, the average person may only ever acquire 0.5 of a Bitcoin in their life. I'm not going to be the one regretting that I got rid of my stash when it was worth peanuts and that I will never be able to own a whole Bitcoin again!

[Swordsoffreedom]

 "I would sell all my Bitcoins if someone created a Proof of Stake version of Bitcoin fork and changed the nodes in a way to reward users with the coin and fork going over $1000 a coin".

[Amph]

then what is the point of having bitcoin if you just hold on to it?!!
it is like saying i am not going to touch my salary and hold on to it and starve to death!

you either have bitcoin to spend like any other currency to buy stuff, or you have invested in bitcoin to sell it at a higher price and get a nice profit. with spending not being easy and not a lot of places to spend it the second is the case. so you have to sell at some point!

If you want buy a stuff, then why you need to convert all your money into bitcoin? imo its easier to use fiat to buy stuffs nowadays, especially for people who living in rare bitcoin shop country. Just separate your money for cost living with money for investment.

maybe to preserve more his privacy and to try to avoid taxes, many are here for that too, bitcoin still offer a better privacy over regular fiat with credit/debit card

i would do the same probably, it's one of the reason why i like bitcoin, not being spied all the time

[Falconer]

If you want buy a stuff, then why you need to convert all your money into bitcoin? imo its easier to use fiat to buy stuffs nowadays, especially for people who living in rare bitcoin shop country. Just separate your money for cost living with money for investment.

maybe to preserve more his privacy and to try to avoid taxes, many are here fot that too, bitcoin still offer a better privacy over regular fiat with credit/debit card

i would do the same probably, it's one of the reason why i like bitcoin, not being spied all the time

Thats quite inconvenient I guess, which you have to cash out your bitcoin everyday just for spending it to your cost living. Who would spying your bill when you buy groceries or pay taxi with cash money? Just avoid credit/debit card.

[dodgecharger]

I would sell all my Bitcoins if the price for the amount i have can guarantee me a life without stress and worries and can give me wealth and happiness for my whole life.

[Possum577]

...bitcoin does in fact reach the moon. (Except for one, gotta keep one for good luck!)

[Falconer]

...bitcoin does in fact reach the moon. (Except for one, gotta keep one for good luck!)

..and you wont expect its price reach higher than moon and feel regret then after you have sold all. Its an exhaustible thing imo, which we don't know actually the highest price bitcoin can reach.

[PenguinFire]

"I would sell all my Bitcoins if..." the value of bitcoin was 10,000 USD for 1 BTC.     But who wouldn't, right? 

[Mowcore]

When the sun rises in the west and sets in the east.

When the seas go dry and mountains blow in the wind like leaves.

Then and only then.

[CEG5952]

I would sell all my bitcoins if price would go 300usd per SATOSHI. Yes. SATOSHI. You've read it right. People will then go nuts about bitcoin.

[pooya87]

then what is the point of having bitcoin if you just hold on to it?!!
it is like saying i am not going to touch my salary and hold on to it and starve to death!

you either have bitcoin to spend like any other currency to buy stuff, or you have invested in bitcoin to sell it at a higher price and get a nice profit. with spending not being easy and not a lot of places to spend it the second is the case. so you have to sell at some point!

If you want buy a stuff, then why you need to convert all your money into bitcoin? imo its easier to use fiat to buy stuffs nowadays, especially for people who living in rare bitcoin shop country. Just separate your money for cost living with money for investment.

this is not true in 100% of situations.
i agree that now it is easier to buy stuff with fiat and don't bother using bitcoin. it is much easier to use fiat and for some countries it is the only way. and as i said it is more like an investment and as i said in my comment you should not just hold (hodl!!) you have to spend it sometime.

but at the same time bitcoin is a much better way of spending money online for example for somebody who can't or don't want to use paypal / credit cards then bitcoin becomes the best way.
also if you want to send money to long distances for example to another country, it is the fastest, easiest and cheapest way you can find which can be the most secure way too.

[n2004al]

I would sell all my Bitcoins if someday bitcoin will arrive the price 10 000 us dollar for one bitcoin, or if I would have the possibility to earn much more other bitcoins from its selling, or if one of the members of my family would be in strong need for money.

[operrajunk74]

I would sell all my Bitcoins if someday bitcoin will arrive the price 10 000 us dollar for one bitcoin, or if I would have the possibility to earn much more other bitcoins from its selling, or if one of the members of my family would be in strong need for money.

$10k is almost impossible. And but still there are chances that it would reach $1k and I think thats the best time to sell bitcoins so waiting and hoping that it reaches that mark so could sell my bitcoins and earn profit out of it.