Topic: Complete the sentence... "I would sell all my Bitcoins if..." - page 28. (Read 95097 times)

But why? Unless you would sell hundreds of BTC, thus getting $xxx,xxx or $x,xxx,xxx, I don't see the point of selling BTC at $1k/$2k when it's clear that it will get higher. IMO the only case that would justify this would be if one urgently needed the money.

I keep on selling my coins on regular basis, but I do hold some for the future, but if I see the price of $2k in future then I would prefer to sell majority of my coins.

I will not sell bitcoins

My post is just an ironic way to say that, unless something unexpected happens in my life and I need the money, I will very unlikely ever sell all my BTC.

Do you really think that price will go that higher? And do you really have that high level of patience to hold your coins till it reaches to that value? I don't think so.

I would sell all my bitcoins if the price reached $1,000,000, but then the dollar (and pretty much all fiat currencies) would be worthless and, thinking better about it, I would keep my coins

Its simple, I will sell my coins when I will be making great profits from it, I don't know at what price but the primary goal is to make profits, so will sell some of my coins at that stage.

I would sell all my bitcoins if and only if I will be bankrupted. I love my bitcoins and want to collect them till it reaches $100,000 at least.  

Technically when the initial price you buy it with is reached !
And if it increases again you ll buy it with a lesser price

You people are doing good in my view too. Because holding bitcoin either for price increase or as the long-term saving, would definitely will give you fruitful results in future. I heard many people are lavish in spending fiats but very much conscious on saving with bitcoins. I too do not have any plan to sell my bitcoins.

I...I can see my back head without a help of a mirror

Same here even I would prefer to sell when I can make some profits from it, and its really useless to keep on holding till long as we don't know what will be the price in future.

Hahahahaha


$10million, ... now that's realistic.   

Well the $1,200 price was last visited about 2.5 years ago, so I am sure that a lot of the people who bought some bitcoins at around that price level have taken a variety of actions since then (whether that be buying more bitcoin, selling or holding), and probably that $1,200 price point is not going to really be controlling concerning the behavior of those people exactly because they are likely diverse, but if bitcoin reaches that price level again, the event will likely cause a certain amount of sensation and hype that people are going to see bitcoin surpassing its previous ATH, which is no minor phenomenon in the world of markets and given all the subsequent developments and expansions around bitcoin over the past 2.5 years. 

Yeah, sure there may be some folks who bought at around the $1,200 price arena who have visions of price points in which they would want to sell, yet again, whatever their vision was 2.5 years ago is likely going to have been modified somewhat with the passage of various events, unless some of those persons are completely oblivious towards accounting for actual information pertaining to bitcoin.

In other words, I doubt that there is any absolute formula in considering the behavior of people who bought around $1,200 with such a long passage of time.

By the way, I happen to be one of those persons who bought first quantity of BTC at $1,200 in November 2013, and even though I still have held and continued to hold more BTC than that quantity of coin, and continued to buy, too, the quantity of BTC of that purchase now constitutes less than 1% of my total BTC holdings, so it doesn't have a considerable influence on my current behavior or my current plans, except somewhat symbolically (and maybe for fun) more than anything.

...the price hits 1000$, which is not going to happen in the next 3-4 years at least so that's why i sell them now because i don't like to wait that long.

I guess you will get a chance to sell your bitcoins within this year itself. Most of the bitcoiners here will regret by this time next year, for their quick action for selling bitcoins in lower prices. I'm holding my bitcoins for $10 million per bitcoin.

What about the people who bought at 1200 thinking it would go to 1500 or 2000? It's about your feeling and yes if we reach 1k I would sell a X percentage. When we reach 1.2K I will sell another X percentage. Untill i am out.

Exactly, no need to get greedy and stressful in attempting to time it exactly, but to be able to remove some profits along the way, while at the same time trying to protect yourself  in case the market moves in either direction.  For example, you could decide at various price points to sell 25% or some other reasonable increment, but also to buy back a certain percentage, if the price drops within parameters that you find acceptable (no guarantees either way).

Selling your coins in installments is always an better option as you never know what will be the value in future so if you hold certain coins then you can sell it in future when you see higher price.

"majority will do the same"?   Maybe a majority of the small potatoes will sell at $1k without thinking further, but the market is likely going to shoot passed $1k, so if you get a little smarter by then, you will hold on to at least some of your coins in order to be able to sell some at $1500 or higher.