Topic: I will sell a significant part of my Bitcoin hodlings at price ... (Read 2615 times)

Yes, I think 100k$ is a better projection. It makes early bitcoiners very happy, people can use it to transfer very large amount of money and it's still realistic. 1M seems a bit too much.

Nearly 30% of the people here voted for this option : Never, selling is for pussies Now answer me this, if you never sell or use these bitcoins, what are you going to do with it? Look at it and get a nice fuzzy feeling or a erection?

If the price of Bitcoin reach $1000 almost everyone will consider selling. This has happened before when it reached that level and only a few hardcore believers held on. I do not believe for one moment 30% of the people here, will not start selling at $5000.

Let's be real. 

I have already sold 10 BTC when the price went rather hight a few weeks ago. I made around 3 Bitcoin profit this way

I'll never sell my Bitcoin ever in my life.
I know that everyone will say that and also vote it.
But I also know that when the price of Bitcoin will reach near 5k dollars then half of these voters sell majority of their Bitcoin at that price in greed.

I`ll sell 1/2 of my coins at $690,000

I wont be selling any btc, im holding on untill the bitter end. Just like i would never try and sell my gbp or usd although i will use it for all my online transactions in the future.

That might not really be how things work.

In 1985, it was possible to communicate around the world with computers.

In 1995, only 2% of the world's population used the Internet.

In 2005, only 16% of the world's population used the Internet.

In 2015, it's closer to 50%.

So - is the internet widely available yet, or do we have to wait for more than 50% of people to use it?

The truth is that it was already widely available in 1995.  Even though only 2% of people used it, I could get online anywhere there was a telephone line.

Because I'm in the U.S., and 2% of all people worldwide meant more like 10% of people in the U.S. already used the Internet.  It's easy for us to say we'll hodl for $10,000, but there are some people with bitcoins in the developing world where $5000 will buy them a house.  Expect heavy dumping.  Unless you're a millionaire or a monk, your hands aren't as strong as you might think. 

True, there are plenty of delusional people who act like $100,000 isn't a big deal to them.  I used to see them on "Deal or No Deal", turning down $100,000 "because I'm here for a million".  They had never seen $100,000 in their lives, but they held out!  And they ended up leaving with 2 cents.

You still need to buy food and pay the bills.  If you're overdrawn at the bank, and someone is willing to pay you $5,000 for 1 bitcoin, how can you hold?  But I think Bitcoin will be at 1995 Internet levels within the next 2 years.  That means most people have heard of it, most people have never used it, but it's readily available for anyone who wants it.   

So if 1 bitcoin is worth $10,000, and only 2% of people in the world use Bitcoin, I think I will be able to spend my BTC for pretty much anything I need to buy.  Maybe not every grocery store will accept it, but every town will have a grocery store that does.  So there won't be as much reason to sell BTC for fiat, since I'll already be rich without selling any bitcoins.

you're basically saying that we need 1 satoshi = 1 dollar to be widely accepted, the definition of full adoption should be something like "if at least 1B people use bitcoin we can consider bitcoin adoption basically complete"

with 100Trillion to 1Quadrillion it mean that the average world wealth will be 1M, even accounting 4B people(excluding childs and some other) we still have 250k average for each person, too much if you ask me

$500,000 USD future inflation-adjusted value per coin. I'd consider parting with at most 1/3rd of my btc holdings at that exchange rate.

No it doesn't. Impossible.
15,000,000 coins x $10,000 = 150 billion market cap.

Way too small to be widely accepted.

Add three extra zero's and you can say it's widely accepted (or starting to be)

$10,000 sounds good, but when Bitcoin reaches that price it will be widely accepted everywhere.  So you won't need to sell it for fiat that is guaranteed to lose value, you can just spend your BTC

if the bitcoin price goes higher than $1000 USD then i might sell a part of my bitcoins but not sooner

Nice to see that $2000 will be a bear trap.

I'll never sell Bitcoin.
It is for the hard days or for my future generations.
I'll just keep my Bitcoin safe in an encrypted wallet in a cold storage.

cough cough...weak hand..cough cough

I will sell a significant part of my Bitcoin hodlings at price of $1000

but i will try to keep some of it for the future

Well I wish it would hurry up and do so with VTC Vert Coin, as I got left with the bag at $0.32 and now it's still 'playing' around 0.07.

As to the OP's question, I still like the potential valuation of $30,000 - $60,000 per 1 BTC, so I also think the figure of 10,000 is kind of low in the long term. Can't remember the news item where that figure was speculated, but it wasn't just a random one.

I would sell 10% of my coins at $10k... maybe another 10% at $50k and another 10% at $100k.
I feel this is a reasonable balance between taking profits and still continuing to hodl most
of hodlings forever.

I will sell half of my Bitcoin holdings at the $5000++ Price range if it happen in the future 

I voted for the last option because I thought it was funny, but in reality I still don't think I would sell my Bitcoins...

If they reached a certain price, I would most likely buy an item I have been saving up for (at this point in my life that would be a car). If my small hodlings fluctuate to a value where I can purchase a new car, I will cash out and start from scratch again.