What price is high enough? | Bitcointalksearch.org

Samlucky O

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

You should be happy and be thankful for what you have, and the appreciation of about 20x you've made in the period of your investment. be glad because most investors never had such opportunity. The only thing is that human are insatiable in Nature. Meaning they can't be satisfied no matter what they have otherwise some people are still clamoring to be where you are today.

Quote from: alkor on June 07, 2011, 06:29:38 PM

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

There is no specific price to cash out our bitcoin HODLings. Each an everyone has there time horizon or target, and when the Target has not been achieved, they will never sell no matter the circumstances they undergo. So it depends on individual differences, not what I chose that you may as well like to chose. But the goal is toake profit in the long run.

wtsimis

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If you want to profit by selling Bitcoin and spend it, be satisfied with a small profit. But if you think of Bitcoin as an asset, just like you buy gold for use and land, you can leave it for the future. Because, cryptocurrency may one day rule the whole world..
And if you think you will trade, buy and sell through Bitcoin and take profit from the middle then you can definitely sell at the current price. Because real bitcoin holders are now in good profit..

YOSHIE

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Quote from: alkor on June 07, 2011, 06:29:38 PM

How much higher does the price need to go for you to cash out of your bitcoins?

For me, Bitcoin after the halving happened yesterday, has not shown the desired price, even though the price is slightly higher than the previous halving, only a difference of a few thousand dollars, but that's not the price in question, at least $80k-$90k or $100k finish, not the $70k dream, that's not a good story.

Quote from: alkor on June 07, 2011, 06:29:38 PM

What are the reasons why you are not selling now?

still holding out at least $80k-$90k to let it go, I think that's reasonable.

Quote from: alkor on June 07, 2011, 06:29:38 PM

Is it that you expect the currency to appreciate further?

What currency do you mean, digital currency or fiat.

Quote from: alkor on June 07, 2011, 06:29:38 PM

Or are there any other reasons why you are not cashing out?

As stated above, we still believe that something unexpected will happen to Bitcoin in the future.

Issa56

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Quote from: alkor on June 07, 2011, 06:29:38 PM

How much higher does the price need to go for you to cash out of your bitcoins?

I don’t have any specific price which I will be selling my bitcoin. I am holding my bitcoin for the long term, but whenever I am in need of money and there is no alternative to getting money, I do end up selling some of my bitcoin just to solve my problem. Most people are planning to sell their bitcoin during the bull run, but I know everything doesn’t end during the bull run, so I will keep on holding even during the bull run, I won’t be selling.

Quote from: alkor on June 07, 2011, 06:29:38 PM

What are the reasons why you are not selling now?

Because I am expecting more from bitcoin in the future, the bitcoin price is still very low, and I am expecting something massive later in the future. And the money that I am always leaving in bitcoin is not what I will really be using for now, but if there is an emergency, I do sell some, and then I will buy it back when I am balanced, but is not something I do often.

Wakate

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

We all have different reasons why we are holding Bitcoin which could be to make more money or to just hold for years before selling. Cryptocurrency market has so many opportunities for investors and that is why many people are keeping their Bitcoin because we are in the bull market and one can easily make money without having to sell goods or apply for a job. Crypto is just too amazing and it's a way we can always make money just by holding and staking them to earn some APY that could worth it if we have large holdings. It seems that everyone is aware about the bull and no one is reason to give out their Bitcoin at a cheap price.

laubeaud

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I am not selling now because Bitcoin has just started a new bull run and with the BTC ETF approval, we can go higher. 100K per BTC is enough for me.

SOKO-DEKE

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Quote from: alkor on June 07, 2011, 06:29:38 PM

How much higher does the price need to go for you to cash out of your bitcoins?

Having a specific target price at which to sell Bitcoin is always a good idea, especially for those who do not wish to hold onto their Bitcoin for an extended period of time. However, at present, I did not have specific price at which I would be willing to sell my Bitcoin in the future, as I am not prepared to sell my Bitcoin anytime soon or Over the coming months, I intend to hold onto my Bitcoin investment for a long period of time. Therefore, the thought of selling it does not even coming my mind because my primary goal in investing in Bitcoin is for long-term future purposes.

Quote from: alkor on June 07, 2011, 06:29:38 PM

What are the reasons why you are not selling now?

I am not willing to sell off my Bitcoin investment right now because I don't really know what I will use the money for, and even if I sell my Bitcoin investment at this point, I would probably save the money in a bank, which I think is not the best idea due to inflation; another consideration is that I believe the price of Bitcoin will be higher in the future compared to its current price, so selling it now or in a few months to come does not seem like a good idea for me.

passwordnow

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I am not sure if people that have replied on this thread sees when the question was posted. With a single bump and everyone was here already but that's fine as the question remains valid up to this point. What amazes me are the old replies of this thread, so more than a decade ago, people that were too early for the adoption have also talked and discussed the same as what we're talking right now.

It's always about the price and how much they've bought and sold. So, we're talking about centavos here when they've talked about how much they've bought it and there have been high predictions and price speculations already on that time and it's just so nostalgic to see that there have been a lot of them have believed with an impossible price at that time before. Going onto the present time, a high price will really vary on how much satisfied you are when it's been reached. The majority says about $100k to cash out and withdraw their assets, but the wisest won't sell all that they have and probably will wait for more like $500k-$1M. It's not greed when you're expecting to see that happen and reach in the future as long as you're cool with it.

Cryptomultiplier

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

There are so many reasons why hodlers whill keep holding their Bitcoin despite the price status right now and one of those good reasons are, they are holding for a long term because of an investment goal they want to achieve or because they intend to diversify their portfolio into other cryptos. It could even be that the Bitcoin that most people are holding onto now, are profits from sales or trade of altcoins and they just hold it in Bitcoin pending the time of the bull run which is expected to happen shortly because the halving event has occurred and it is the next market season in some months to come.
The big profit will be gotten during the bull run, that's for those who have enough BTC in their wallets, else, with the current price and with it still expected to rise further, the best bet is to hold for longer till maybe 2030 or more, so that the return upon selling it, is very substantial.

Yatsan

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

Depends on your satisfaction of course. Many investors are selling on peak prices and are waiting to re-enter on the bottom which is to simply maximize the profit. So if you're asking on what price would be best it just depends on your risk appetite; if you'd be waiting for too long, given that market is unstable in nature and that crash happens without a warning, you might be in regret from doing so. Same thing with selling too early 'coz if it is just possibility in general then of course it is possible for market prices to double or even more than the previous all time high. Now, reflect and analyze the market. Create your own bias and decide whether to hold still or sell at this point. What will matter is your satisfaction as an investor and that you'd gain profit on either action you are planning.

SickDayIn

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

It really depends on what you can afford.

If you are in a position in life where you can actually makes savings and investments, and having an allocation to Bitcoin that you never need to sell, you should just keep it. However, a lot of people that are getting in crypto really only do it because they want to "win big", and 10x their investment like the old days. It's effectively gambling.

My recommendation is to buy and hold enough Bitcoin that you don't ever need to sell it. You can simply hold it forever as a hedge.

Maus0728

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What's the reason for bumping this post? There's nothing reasonable or worth discussing over here that's worthy of bumping the post for, if you don't have anything to talk about because you've spammed the hell out all of the latest posts, it's probably for the better that you should take a step back and do something with how you do things. Don't bump topics that doesn't necessarily have any value being bumped, you'd risk getting reported for what you're doing.

Casdinyard

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Is this guy even alive right now? Holy fucking shit I would be over heaven if I am in his shoes right now and saw that the bitcoins I bought at 90c a piece more than a decade ago is literally now pumping at 70k, with chances of pumping at even higher values in the foreseeable future. Scratch that, the thought alone that the crypto you bought years ago stood strong and is still alive and kicking even to this day is already great a notion to dwell with for a lot of the initial adopters of this cryptocurrency, they must've been so happy now.

Goes to show that his question literally answered itself. No price is high enough for cryptocurrency and bitcoin. Long as there are people who believe in it, there's always the opportunity to pump in valuation and incur profits to people who would dare invest. That's just crazy.

Moreno233

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

You will never know how high Bitcoin will go because many things determine the price of Bitcoin. Instead of worrying about how high Bitcoin will go, why not have a change of pattern. By this I mean holding majority of the Bitcoin and only selling strictly base on your needs, that is if you are satisfied with the quantity of Bitcoin you already bought. The fact is that the longer you hold Bitcoin, the higher the value, so holding longer than now will surely be a wise decision but while doing that, you can cash out some to also enjoy the procced of your investment. If your profits have risen by X20 you can just cash out one 1/20 of that and leave the rest to ride.

rodskee

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

One of the luckiest person in the world , those people that have bought bitcoin when it is still lower than a dollar.
congrats for that mate and hope you still have your holding up to now.

Quote

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

if i am to answer this? sorry but still no certain because bitcoin continues to grow as we are having halving
after halving and that brings so much funds to the believer and holder.

coinerer

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Quote from: alkor on June 07, 2011, 06:29:38 PM

I bought most of my bitcoin back when they were 90c. I never imagined that a few months later they would be worth 20 times more. I would have been satisfied with an appreciation of 10-20% - after all that is far more than what my bank pays.

How much higher does the price need to go for you to cash out of your bitcoins? What are the reasons why you are not selling now? Is it that you expect the currency to appreciate further? Or are there any other reasons why you are not cashing out?

It is entirely up to you how much profit you will sell your bitcoins for. Many have set a target of $100k, many may have a higher target. So you can pump as much profit as you are happy with and cash out. Bitcoin is an asset so if you hold it like land you will hopefully not lose it. So if you can go about your daily life without cashing out bitcoins then you can hold bitcoins without selling them. Otherwise you can sell it as per your decision

btc78

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Quote from: tymothy on June 08, 2011, 10:44:39 AM

Maybe $1000...that would pay for law school. Grin

I see that a lot of investors invest for a specific purpose. Some hopes to just diversify their portfolio, some wants to buy a house while some wants to pay for education whether it’s their own or their children’s.

Bitcoin is too valuable of an asset for me to just sell out all of my holdings to buy or pay for something so even if I have something I need to pay with bitcoin for, I’d make sure to start investing again. Remember that bitcoin is best if considered for the long-term.

leonair

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Quote from: tymothy on June 08, 2011, 10:44:39 AM

Maybe $1000...that would pay for law school. Grin

I was shocked today when I saw a post by eight people from 2011 saying that the price of VTC is impressive compared to the state of BTC today. We have read about this BTC so much, and now everything depends on it. The price of this BTC will exceed one billion very soon. Are you in the forum now? I saw you were active last 16th 2019. If you are in the forum, then share your opinion.

Quote from: ?? on ??

TON coin currency of the future, along with bitcoin.

The future price of a ton with Bitcoin will not be so high, but according to the current scenario, it will be much better. However, it cannot be compared to Bitcoin because there will be no coin like Bitcoin.

Reatim

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Quote from: Findeton on June 07, 2011, 06:44:55 PM

The thing is, I don't want to cash out. I want to be able to pay everything in bitcoins.

Well, bitcoin was really created to be used as another mode of payment so your choice is valid. The more you hold, the more its price will rise. On the other hand, more people might be interested in selling the higher the price of bitcoin comes.

When it has gone down let’s say for example on a bearish market, will you continue to hold? Won’t you feel a little bit regretful?

Assface16678

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Well, it's because most or the majority of the bitcoin investors are into long-term holding or trading; it's because they are contributing to bitcoin increasing its price. That's why bitcoin's current high price is because the more investors that hold a huge amount of bitcoin, the higher the demand, the higher the bitcoin price can be, and thanks to them, the bitcoin price keeps on increasing and recently recorded the new ATH. This shows how mature and concerned investors are in the community; they are not selfish like those people who only want to earn quickly, and after that, they will sell all their holdings. If you want to maximise the potential profit, then I suggest that the long term is the key. I get it. You need money at some point, but don't sell it out. You can still do DCA if you recover at some point. Or look for other extra income so that you will not sell your holdings, that is the most efficient way.

Topic: What price is high enough? (Read 3631 times)