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Topic: Ultimate Hloders only thread - do you have a dollar price in mind? - page 2. (Read 2803 times)

legendary
Activity: 1442
Merit: 1016
That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!! Smiley



Could you elaborate more please Smiley

Yeah sure.
I believe, that Bitcoin has the potential to reach prices high like Berkshire Hathaway A shares.It won't happen in 5-10 years.
But over a period of ~20 years, so around 2035, our baby could be worth high 5 digits or even more!
Someone might call me an idiot, weirdo or dumb for such a prediction. But that is what I believe could be a real scenario if you have that much breath to hold your stash for such a long time.I mean we all know how sick the global financial system is right now.And it won't get better. And when you compare Bitcoin's size, meaning it's market cap,  with other markets it is still very very small, young and has so much space and potential to grow. And I'm in for that! Smiley

http://money.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization/


legendary
Activity: 1106
Merit: 1005
by the time i am ready to sell i predict i won't need to sell anymore.

because by that time bitcoin is widely accepted anyway.

i'm not in it for $100k profit
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
ruh-roh ... Satoshi has decided to let the monkey out of the cage for the weekend ... should be fun.
legendary
Activity: 2338
Merit: 2106
When the price exceeds $2K I will move 10% of my coins into physical gold. The reason for this is that I don't believe in keeping too much wealth in one asset class.

After that, the next price level at which I'd sell another 10% (of what's left) would be in the $10K range. With the strategy no matter how high BTC gets I will always own some. At the same time I won't die with a bunch of BTC that would only be spent by my heirs.

with that strategy you will sooner or later own all the physical gold available on teh planet. congratulations!  Smiley

edit:  Kiss for this thread
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
I'd always be looking to spend them, not exchange them. If I did decide that I needed a house and the owner wasn't going to swallow BTC then it would have to be a shit ton higher than it is now before I sold, mainly because I couldn't otherwise afford a house. I'll go for $100,000 for larks.
legendary
Activity: 1078
Merit: 1014
used to be 10k when i was poor, now that my business is making decent money its probably never
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Weekend bull run out of china could make things interesting happening at this juncture.
legendary
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!! Smiley



Could you elaborate more please Smiley
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Quote
That's a great threat marcus!!

haha, freudian slip typo? what's the threat here, that bitcoin will be bigger than BKH soon?
legendary
Activity: 1442
Merit: 1016
That's a great threat marcus!!
In terms of Bitcoin I'm in for something like this!! Smiley

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
It doesn't look to me like china is leading this rise but rather following along strongly. Bitfinex seems to ratchet up the price $5-10 on strong impulses that hold on to new levels extremely strongly without running higher ... and chinese exchanges follow along with similar moves, but with more fluctuations.

This must be a terrible market to be short in, it isn't allowing for any escapes, sharp runs higher followed by longish periods at new highs ... I'd be crapping myself if I was short from anywhere under 420 or even 430 now ... like being on the rack that is slowly getting tightened.
member
Activity: 99
Merit: 10
I don't know how long I hold it, but at least one year.
All things change over time, nothing is immutable, And now bitcoin look much more promising, I think the bitcoin price may rise to at least $1000, if the bitcoin condition is favorable I will continue to hold on.
legendary
Activity: 2101
Merit: 1061
Nobody can really give a good estimate on that because there's way too many variables.  For instance, the upswing always tends to overshoot, so even if you weren't optimistic and believed the price could only hold stable at $800, it would probably still reach 900-1000 for a while.  But once it broke $1000, the media would unload about 5 million Bitcoin stories that would FOMO it higher.  The second you break both old ATH and gold price, here comes more media stories and it happens all over again, then up to like $1400-1600 you go. 

There will obviously be some people shorting at $800, and there will obviously be people trying to short squeeze them there.  Anyone shorting there is pretty much an idiot since there's plenty of entities with 100 mil in the bank in Bitcoin that may or may not attempt to strongarm you at that point, so you might as well be throwing darts at a dartboard.  Never try to short a breakout trend.  God, shorters are idiots.

So yea, I figure there will likely be an attempted short squeeze to $1000 or more, and if BTC manages to break ATH, then all bets are off and you can get into just insane numbers.  For the most bearish scenarios, I think it will still go over 800.  It's just too hard to call when all you have to do is break old ATH for literally one nanosecond, either through the normal market or a short squeeze to put you into an entirely new ballgame.

The real question to ask yourself is, at what levels do you think the market would be overextended and you would want to temporarily dump at?  The answer to that question is, there would be no point to do so at 800. At 1000, the media is pumping it for you and you're in easy striking distance of ATH and insane FOMO, so still no point in selling anything.  If you hit 1200, well, at that point the press coverage is going to be so big it will be forcing central bankers to consider adding it to bank reserves again like so:  http://www.coindesk.com/barbados-central-bank/

All I can say is, keep holding unless you see a triple top that's far above $1200 - shout out to In-Q-Tel, Larry Summers, and the Chicoms who will be helping pump.

This is sort of along my thoughts too. I don't have a dollar price in mind but hopefully I'll recognise signs of a top when we reach it. And I expect it to rise significantly above the current all time high.
sr. member
Activity: 481
Merit: 251
In the near future, cashing in your bitcoin for US dollars or other worse fiat is like printing all of your emails out, no need.
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
Rather than destroying your bitcoins after death, I would recommend using multi-sig and giving highly trusted friends (not ideologically unaligned relatives, who may feel entitled to your bitcoins) the ability to come together and donate your remaining bitcoins to nonprofits of your choosing. These nonprofits could then fund various goals that you would support, whatever those may be.
legendary
Activity: 1260
Merit: 1000
For me, I'm holding till 2025-2030, and I know so well that I will retire in my mid-30s and enjoy life with my family.

That's a beautiful dream, but at the rate technology is evolving and the world around us changing, Bitcoin could very well be a forgotten memory by then. I'm not saying so it will be, but seriously, the world will be a different place. Just something to think about...

There's nothing to think about.  You can't have a decentralized currency without an open entropy system.  You can't switch to a recursive, PoS system because then it's a permissioned ledger (amongst PoS's other problems).  There won't be a replacement.  Sure, WW3 or something might happen and everyone dies, but then you have bigger problems.
full member
Activity: 158
Merit: 100
For me, I'm holding till 2025-2030, and I know so well that I will retire in my mid-30s and enjoy life with my family.

That's a beautiful dream, but at the rate technology is evolving and the world around us changing, Bitcoin could very well be a forgotten memory by then. I'm not saying so it will be, but seriously, the world will be a different place. Just something to think about...
legendary
Activity: 1260
Merit: 1000
lol, the last thing I want is a dead man's switch to accidentally burn all my bitcoins.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
When the price exceeds $2K I will move 10% of my coins into physical gold. The reason for this is that I don't believe in keeping too much wealth in one asset class.

After that, the next price level at which I'd sell another 10% (of what's left) would be in the $10K range. With the strategy no matter how high BTC gets I will always own some. At the same time I won't die with a bunch of BTC that would only be spent by my heirs.

I find this interesting on two accounts:

i) I can appreciate the idea of diversifying into other assets if you get top heavy in one or another but gold and bitcoin seem so similar as to be not a hugely different diversification and with added storage/transaction costs, I still like gold but kind of lump it into same risk/attribute profile as btc ... mostly.

ii) dying with a bunch of coins instead of leaving them to unworthy heirs to squander is something that has crossed my mind ... one solution is to automate a transaction that has some portion of them to be sent to a burn address after your passing ... spreading wealth to all bitcoin users.
hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
Good, this is the type of thread we need. I've been following your posts for a long time -- we registered our accounts within a day of each other back in 2011. Smiley

The 'Planning Bitcoin Withdrawals - Advanced' spreadsheet by Chainsaw is good for planning divestments over time as needed.
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