Topic: So when do you "actually" plan to cash in your bitcoin? > or <$1,000,000 (Read 2358 times)
October 29, 2017, 08:20:11 AM
I try not to cash out. I already pay my electricity bills with Bitcoin. Unfortunately, I can't pay for everything in Bitcoin (mostly taxes). I have a few Antminers and I'm going to keep the BTC which I have mined. Bitcoin already helps me to make a living. I hope it won't fail because it's my main source of income right now.
October 29, 2017, 07:44:47 AM
I can tell you a lot of people will have sold their bitcoins long before $1 000 000 was reached. They will start selling at $10 000/bitcoin and only the super rich will be buying and selling these bitcoins. People have these fantasies of Bitcoin being valued at $1 000 000, but by that time most of them will not even own bitcoins anymore.
If you link "time" to this statement and you say bitcoin will be valued at $1 000 000 by the year 2090, then this might be worth shit.
If you link "time" to this statement and you say bitcoin will be valued at $1 000 000 by the year 2090, then this might be worth shit.
October 29, 2017, 06:40:26 AM
One million dollars is so big. It is so hard to reach that value so I’m going to sell my Bitcoins when the value of Bitcoin is less than one million dollars. But as a person who wants to be rich, I will still wait for its value to increase. I believe that its value will continue to increase but will not achieve the one million fantasy.
if i have a lots money i will wait for btc to reach 20k$ as it can possibly goes to that level but dreaming of 1million would take some time or wont happenthats really to big in terms of investment so for me ill be happy if its reach 20-50k$ that value already can give me a good future from where am i right now.
October 29, 2017, 06:30:04 AM
One million dollars is so big. It is so hard to reach that value so I’m going to sell my Bitcoins when the value of Bitcoin is less than one million dollars. But as a person who wants to be rich, I will still wait for its value to increase. I believe that its value will continue to increase but will not achieve the one million fantasy.
October 28, 2017, 06:51:03 PM
This depends on people's entry position and expectations, for most of the early investors probably hitting 50k would be 50x or 100x already, but for someone just joined the game it will be <10x.
October 28, 2017, 05:19:54 PM
I assume most here would cash out their bitcoin if they have like 1/2 a million right?
October 23, 2017, 01:46:11 PM
I don't think bitcoin will reach 1 million $ mark. It will probably go higher than now, but one million is way too much. The right time to sell your btc is when you have something to sell them for.
October 23, 2017, 01:28:00 PM
You have to sell your bitcoins when you are sure that they can collapse in any minute or second, but before that you need make very accurate analyzes and check information from the big players and specialists u must check what they are thinking. About me? I sold already several bitcoins in this year.
October 22, 2017, 12:25:02 PM
Actually, I never have a mark plan for bitcoin rate to cash out. I dont think I can wait for that much longer. Right now I using my bitcoin anytime I need it, but I have some wallets stashed away as savings I didnt touch as long as I can. No particular bitcoin price to cash out, just holding it until I need it.
October 21, 2017, 09:38:28 AM
i have a plan to sell my bitcoin when it reach <$1,000,000 but if i need money then i will sell some part of my bitcoin and i think i have to do that because i need to buy something for my daily life. its been easier if we have real job or another job in real life or online because we can keep our bitcoin and we don't have to exchange to fiat if we want to buy something. but for person that only depending to make money from bitcoin, i think we can cash our bitcoin if we are really need money to our life.
October 21, 2017, 08:45:21 AM
its depend when it will be),in crypto all possible and 1 million can be after few years, who know
October 21, 2017, 08:39:14 AM
Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
$1.000.000 is so big amount. I havent ever thinking about it. But if its true then would be nice. I plan to sell bitcoin in short trading. Buy low sell high. I am not swing trader.Good that you haven't thought because I every would love if anytime it reaches that price but I am more realistic that if it reaches 10k would be still good enough price to start selling. I would never wait till $million mark because I know that it wont reach till that price.
October 21, 2017, 08:38:30 AM
I'm cashing in when it's $200k+
October 21, 2017, 08:33:33 AM
Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
$1.000.000 is so big amount. I havent ever thinking about it. But if its true then would be nice. I plan to sell bitcoin in short trading. Buy low sell high. I am not swing trader. October 21, 2017, 08:24:50 AM
I only will cash out if i need to spend the money, the longer I hold it will be better, but bitcoin still so far away from 1million$, so I think a lot of people wont wait until 1.000.000$ to cash out, but when bitcoin reach that number, there will be a lot of new rich people
1000000 OMG i wonder the whole world have that much of money or not.I mean every bit coin will be valued time the 1mil number.
Yes i hope that bitcoin will rise to that point i donot realy think it will happen ever.
cause it will make all of us millionaire and that is not possible my best bet is 10000 and i will sell then..
October 21, 2017, 08:18:51 AM
I only will cash out if i need to spend the money, the longer I hold it will be better, but bitcoin still so far away from 1million$, so I think a lot of people wont wait until 1.000.000$ to cash out, but when bitcoin reach that number, there will be a lot of new rich people
October 21, 2017, 08:13:05 AM
If it hits 1million mark then the marketcap of the bitcoin would be around 21 trillion. And if it holds the share of 40% of total market cap of crypto, then the crypto world market cap would be somewhere around 50 trillion.I am not a financial expert to say if 50 trillion market cap for crypto is possible.If possible then bitcoin would definitely hit 1000000$.
But when it comes to me I don't wait that long.I assume 1 trillion market cap for crypto would be hit by 2019.50 trillion might take more time roughly around 20 - 30 years.That means somewhere around 2045.
Sorry I wont wait that long, and I would cash out at 100000$. I assume that will happen in the next 5-6 years.
But when it comes to me I don't wait that long.I assume 1 trillion market cap for crypto would be hit by 2019.50 trillion might take more time roughly around 20 - 30 years.That means somewhere around 2045.
Sorry I wont wait that long, and I would cash out at 100000$. I assume that will happen in the next 5-6 years.
October 21, 2017, 08:03:39 AM
Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
No one will sell BTC1 if it reach $1 Million, who have so much money to buy it? Maybe some companies, but it will worthless to spend so much money in one shot into bitcoin. People will sell small fraction of bitcoin, BTC0.0000xxxx and so on, average trading amount within $50-$100K. The question is; who can hold bitcoin more than 10-20 years? People tend to sell bitcoin whenever it reaches higher peaks and buy back in the dips.
Yes, I believe that is even better than just holding it. It will be worth A million to you before it is to everyone else that just holds it
October 21, 2017, 08:01:02 AM
I sell my coins continually and I also buy more when I need more. I mean if I see the price dropping significantly, I usually sell them just to buy them back at a lower price afterwards.
I also purchase quite a few things with Bitcoin, so you can also consider that selling.
I also purchase quite a few things with Bitcoin, so you can also consider that selling.
Good strategy, I bet you cant wait till the next big drop lol
October 10, 2017, 11:18:09 AM
Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?
It is a difficult target to reach $ 1,000,000, so it is too high a goal so do not expect too much but hope is possible. Jump to: