too few options, I already sold half of my coins in the $80-$100 range.
Then you're not one of the strong hands I was aiming this poll at.
Topic: How strong is your hand? - page 4. (Read 6373 times)
Then you're not one of the strong hands I was aiming this poll at.
My hand is weak but my profits are strong.
It may be that we don't sell them but use them to buy cars, houses, yachts or whatever.
Better to rent things with bitcoins I think - no reason to own anything other than bitcoins.
Owning a yacht or a house brings a lot of responsibility. With owning Bitcoin the only thing you have to worry about is keeping your Bitcoin safe, which should be pretty easy.
It may be that we don't sell them but use them to buy cars, houses, yachts or whatever.
Better to rent things with bitcoins I think - no reason to own anything other than bitcoins.
too few options, I already sold half of my coins in the $80-$100 range.
If I cash out, it's only because I think the price will go down and I can get more bitcoin. If bitcoin gets to $10,000-50,000, then it probably has a mass adoption rate and thus is probably accepted in most places, so I would never sell.
Yeah that would be great, but don't you think the current price/btc first will need to reach very high values for that to become possible? I don't think this is possible with a market cap of only a couple billion.
2 years ago Bitcoin was worth $3. Its now worth $115. In that 2 years, mtgox and many other big sites have been hacked, exchanges have been arbitrarily closed down by banks and generally Bitcoin has been kicked about like a hedgehog on a village green.
Even if it carries on being hacked, arbitrarily attacked and kicked about, in 2 years time the same rate of growth takes us to each Bitcoin being worth about $4000.
Yeah that would be great, but don't you think the current price/btc first will need to reach very high values for that to become possible? I don't think this is possible with a market cap of only a couple billion.
It may be that we don't sell them but use them to buy cars, houses, yachts or whatever.
I have a question for all you true believers in bitcoin who are buying and holding long term. How strong is your hand really? Is there a point where even you would let a good portion of your bitcoins go to cash out in fiat money? I'm not talking about selling a small amount of bitcoins, it has to be at least 50% of your total stack. Personally I don't think I will ever sell more than 50% of my bitcoins unless the whole experiment is doomed to fail (I will probably be too late then anyway). However when the price actually gets to values like $1000+ I might get tempted to release a bigger part of my stack. How about you?
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