Hard to imagine anyone able to hold onto their coin when the price went up to 1200.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
If anyone who hold and didn't sell by then, I can't think of a reason they will ever sell.
Lots of people fail to understand that for many of us, having personal savings in bitcoin *is* the end goal. You don't pull out your retirement fund to convert it into euro when dollar is strong as it is now, do you? Makes no sense for bitcoin, too. Can sell to get as much fiat as you need when the price is right, that's true. But if you don't need fiat, why would you sell the better money? Beats me.
The other thing to keep in mind is that at least now here in the U.S., many bitcoin owners are worried that if they sell btc for fiat, even during a peak, that they'll have to report that as income for tax purposes. Uncle Sam could get up to 50% of your bitcoin profits, which would defeat the purpose. So this is likely to dissuade bitcoin owners from divesting too much during future rallies, which actually is a good thing.
Hopefully in the future, there will be less and less reasons to sell btc for fiat. Someday I want to buy a new custom house directly with bitcoin!
50%? For what income bracket?
And what are the odds that crypto currencies will eventually destroy the IRS and their ability to track anything?
That would be a great day
I think they will be happy that fiat is gone, since you cant trace fiat, but can trace BTC.
Good luck tracing, DarkCoin
Then kept buying up to the top and at the moment it's pretty much +-0 for my buy in price. But the feeling of a rally was glorious, miss that. Hope the day is still waiting when we get to feel it again! 
