Complete the sentence... "I would sell all my Bitcoins if..." - page 60.

Falconer

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Quote from: Amph on July 17, 2015, 04:04:30 AM

Quote from: Falconer on July 17, 2015, 01:30:03 AM

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.

Amph

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Quote from: Falconer on July 17, 2015, 01:30:03 AM

Quote from: pooya87 on July 17, 2015, 12:55:55 AM

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

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

"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".

fryarminer

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Quote from: Falconer on July 17, 2015, 01:30:03 AM

Quote from: pooya87 on July 17, 2015, 12:55:55 AM

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!

Falconer

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Quote from: pooya87 on July 17, 2015, 12:55:55 AM

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.

pooya87

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Quote from: fryarminer on July 16, 2015, 05:50:29 PM

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!

Beliathon

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https://youtu.be/PZm8TTLR2NU

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.

Quote from: visual111 on July 16, 2015, 10:56:21 PM

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.

visual111

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

fryarminer

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

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

hunnaryb

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Quote from: CoinCidental on July 16, 2015, 01:43:07 PM

Quote from: zeraTunerse on July 16, 2015, 10:42:24 AM

Quote from: Falconer on July 16, 2015, 07:53:59 AM

Quote from: ?? on ??

...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.

CoinCidental

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Si vis pacem, para bellum

Quote from: zeraTunerse on July 16, 2015, 10:42:24 AM

Quote from: Falconer on July 16, 2015, 07:53:59 AM

Quote from: ?? on ??

...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

wearepoor

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Quote from: dothebeats on July 15, 2015, 12:30:28 PM

Quote from: Raeg on July 15, 2015, 12:02:50 PM

I'd rather wait for it to hit 1k than risk keeping my bitcoins on an exchange just to make s tiny profit here and there. Trading is too stressfull.

Instead of waiting for the price to hit 1k, why not use a small fraction of your bitcoins to grow? Something that you wouldn't bother if you hit a loss. In that way, you have a potential to earn more bitcoins instead of leaving them stagnant and just idle. Make your money work for you.
[/quote]

1k will take time and may be that day never comes but as you said we cannot keep our bitcoins stagnant it should be moving and rotating then only you can grow your bitcoins. And for that trading with bitcoins would be great thing to do.

zeraTunerse

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Quote from: Falconer on July 16, 2015, 07:53:59 AM

Quote from: ?? on ??

...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.

Falconer

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Quote from: ?? on ??

...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.

umaOuma

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Quote from: Balls on July 15, 2015, 12:05:16 PM

Quote from: Falconer on July 13, 2015, 11:52:39 PM

I don't know exactly whats the point to wait the price of bitcoin reach $1,000 or above. If you want profit, why we need to wait for many years. You will get profit if you can take advantage on the fluctuation price of bitcoin. Then its better for you to learn trading strategies and can get profit little by little in short time than waiting the price reach $1,000. For me, I would sell all my bitcoins if the price goes up atleast $50 higher, and buy it back when the price goes down.

Sure, you can make a little profit in the short term with fluctuations but you can also lose it all this way. If the price suddenly went to the anytime soon then you might miss your chance to buy back in. I also think the price in the future will be smallfry in comparison to what it is now so holding for the long term is a good safe bet and you don't have to risk your bitcoins in the process.

Quote from: Insertion on July 15, 2015, 08:50:06 AM

I would sell all my Bitcoins if the price hit to $1000-$2000 in a couple days.

It's not going to shoot up that fast. The growth will be slow and that would be better.

Yeah slow n steady wins the race. So it is better that the growth is slower and than only it would create a positive impact on the people who wants to enter into bitcoins as they see that there is the growth in long term will attract them to invest into bitcoins and that is good news for bitcoin community.

sgravina

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I would sell all my Bitcoins if everybody was smart.

QuestionAuthority

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You lead and I'll watch you walk away.

...if it ever goes over $1,000 again. But it's going down now. Cry

dothebeats

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Cashback 15%

Quote from: Raeg on July 15, 2015, 12:02:50 PM

I'd rather wait for it to hit 1k than risk keeping my bitcoins on an exchange just to make s tiny profit here and there. Trading is too stressfull.
[/quote]

Instead of waiting for the price to hit 1k, why not use a small fraction of your bitcoins to grow? Something that you wouldn't bother if you hit a loss. In that way, you have a potential to earn more bitcoins instead of leaving them stagnant and just idle. Make your money work for you.

Falconer

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Quote from: gripflierGO on July 15, 2015, 11:10:15 AM

Quote from: Falconer on July 15, 2015, 07:20:22 AM

It sounds fair enough to get little loss from the dropping price, thats why holding bitcoin for long time is so risky and can't guarantee us that the price will rise a lot in 5, 10, even 20 years later.

That is not true. The prices are going higher in recent past if you look at the prices. So it will be foolish to wait for next 20 years or so. If you are getting profit in next one year then I think you should sell it and earn profits out of it. Greediness will not help you and you cannot wait for 20 years that prices will reach the sky limit.

I said holding or "hodl" bitcoin for long time is so risky, never said I will wait until 20 years. Maybe you need read carefully what I said, or correct me if I misunderstood what you said. Anyway, we can't just sell it and get profit, because it need a strategy and consideration in trading.

Quote from: Raeg on July 15, 2015, 12:02:50 PM

I'd rather wait for it to hit 1k than risk keeping my bitcoins on an exchange just to make s tiny profit here and there. Trading is too stressfull.

If you know the strategies in trading, then you will get higher profit, you can learn it here https://bitcointalk.org/index.php?board=8.0. In otherwise If you are really sure the price will raise alot and will wait no matter how long it is, then good luck.

Quote from: Balls on July 15, 2015, 12:05:16 PM

Sure, you can make a little profit in the short term with fluctuations but you can also lose it all this way. If the price suddenly went to the anytime soon then you might miss your chance to buy back in. I also think the price in the future will be smallfry in comparison to what it is now so holding for the long term is a good safe bet and you don't have to risk your bitcoins in the process.

Nah, why we wait something which is uncertain and just keep it in wallet. I bet you have made nice profit in last fluctuation Cheesy

Balls

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Quote from: Falconer on July 13, 2015, 11:52:39 PM

I don't know exactly whats the point to wait the price of bitcoin reach $1,000 or above. If you want profit, why we need to wait for many years. You will get profit if you can take advantage on the fluctuation price of bitcoin. Then its better for you to learn trading strategies and can get profit little by little in short time than waiting the price reach $1,000. For me, I would sell all my bitcoins if the price goes up atleast $50 higher, and buy it back when the price goes down.

Sure, you can make a little profit in the short term with fluctuations but you can also lose it all this way. If the price suddenly went to the anytime soon then you might miss your chance to buy back in. I also think the price in the future will be smallfry in comparison to what it is now so holding for the long term is a good safe bet and you don't have to risk your bitcoins in the process.

Quote from: Insertion on July 15, 2015, 08:50:06 AM

I would sell all my Bitcoins if the price hit to $1000-$2000 in a couple days.

It's not going to shoot up that fast. The growth will be slow and that would be better.

Topic: Complete the sentence... "I would sell all my Bitcoins if..." - page 60. (Read 95090 times)