Topic: Where would you sell if you had bought 10 Bitcoin at $100? (Read 1050 times)
I am someone who purchased BTC at a rate of $10 per coin in 2012, and I still have a large fraction of my initial holdings remaining in my wallet. I was going through the replies and it is surprising that even after 100+ replies no one really thinks that it is not necessary to sell all of your coins at once. I purchased my coins in 2012 and sold around 50% of them in 2015. And from 2016 to 2020, I have sold around 30% more. I have around 20% of my initial holdings remaining. I have purchased equities and bullion from the proceedings. Obviously if I had held on to my coins, then I would have been in a much better position, but I don't have any regrets about it.
Depends on what level of profit you are happy with. The price can go to $100k or back to $10k. I’d sell 2 now to lock in profit and keep an eye on the price. I bought 15 coins back when it was $400 and still have 7 of them.
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
Ideally, the selling point would be 54k USD is more than enough for my future but it is impossible to hold for almost 8 years to achieve my ideal value. Honestly, I wouldn't think about holding for such a long time as long as I reached the 9k USD profit mark it's enough reason for me to sell and take profit. If there are people who managed to hold for that long, then your patience is commendable and it is really admirable.
Cool simulation. If I bought $ 100 Bitcoin, even one, I would have sold everything a long time ago. I consider myself weak, subject to market manipulation. For several years of being in cryptocurrency, I make the same mistake, sitting at the monitor for days and happy or upset about the price movement, I constantly sold assets for a long time before its maximum price. I began to understand a long time ago that it is imperative to keep cryptocurrency and try not to sell, because by selling today, you are actually committing a crime in front of your wallet, because as long as there is no more advanced system than cryptocurrency, it will continue to gain value by leaps and bounds. Thanks for the simulation - even for a second, but in my imagination for a second, I became the owner of 10 Bitcoins ...
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
Honestly, I would have probably used my Bitcoin at that time to treat my family and friends and would waste a lot of money into buying Consoles or Games that would make me happy at that time specially as a college student, I still did not have a mature view into how to use money at that particular period of time. I would have not invested it because as a student, its better to have cash since I was thinking of getting a job in the future but looking at the current situation, I would say that investing it into better things would probably make me a better person.
Its unfortunate that I will have to give this answer after I have actually done the reverse years ago. I will not buy bitcoin and sell it off for even $100k because the potential that bitcoin will hit amillion dollars is very real. Imagine what the value was as at 2016 when i had 2 and sold it off and now its worth more than ten times what i sold it for in just 4 years.
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
I am not sure what I would have done then, but based on my condition back and also because I don’t fully understand Bitcoin and cryptocurrencies, then I think I would have sold at 3x or I might even hold till I reach up to 10x, anyway. https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
But one thing, I know is that I will always plan myself and do what I’m meant to do, because even if I sold and got the money it’s not going to end there, there are so many things I was going to use the money and also keep growing it and I also would get back when I notice there are new opportunities to get back. I fully understand investment and before Bitcoin I have always known that investing at lower prices are the best thing to do.
actions which would really fit out on the said situation for us to utilize and make out profits out of that one.There's no point on making out regrets on the time you do make out
some early sell or early buy because market is unpredictable and mistakes like these were really that common but you shouldnt really let yourself get affected with this one
instead of minding or stressing out yourself then better always look on the brighter side or probabilities if you made it done right.
Personally, I would sell small amounts of that total sum withing time, just the necessary for basic expenses and to purchase necessary goods. The rest I would keep in bitcoin, because I strongly believe not much time from now on it will be possible to spend bitcoin as currency in order to acquire any kind of product you have in mind.
So there is no point in exchanging large amounts of bitcoin for fiat. Moreover bitcoin can continue increasing in price, fiat cannot. So what is the point in holding fiat?
So there is no point in exchanging large amounts of bitcoin for fiat. Moreover bitcoin can continue increasing in price, fiat cannot. So what is the point in holding fiat?
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
I am not sure what I would have done then, but based on my condition back and also because I don’t fully understand Bitcoin and cryptocurrencies, then I think I would have sold at 3x or I might even hold till I reach up to 10x, anyway. https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
But one thing, I know is that I will always plan myself and do what I’m meant to do, because even if I sold and got the money it’s not going to end there, there are so many things I was going to use the money and also keep growing it and I also would get back when I notice there are new opportunities to get back. I fully understand investment and before Bitcoin I have always known that investing at lower prices are the best thing to do.
If I am able to still have them in quantity and bought at the rate of $100, then that will serve as an inheritance for my children and we shall say bye-bye to any financial frustration.
If I happen to buy 10 bitcoins at $100 each I would be convinced to sell at the $1k mark. You might ask why? because in my opinion we really don't know how far bitcoin can go and for how long it will stay alive since when bitcoin was at the $100 mark only a few people use it compared to now.
At the time when bitcoin was $100, there was no vision that it could reach 60,000$. I would have sell at 2x price of 200$ and would be happy that i made my money double. But if someone is lucky enough to not sell at 100$, he must be millionaire if he had purchased few bitcoins at 100$.
But it's a interesting simulation to think how good Bitcoin is, there's no need to panic if Bitcoin goes crash... it's the opportunity to buy the dip.
Buy BTCitcoin.
Buy BTCitcoin.
Well, we have a decade of history now, if you would have bought at $100 you wouldn't have knowledge that we do now.
Let's assume that we have bought BTC at $100, I don't think that I could hodl it for so many years and I don't think that there is someone who is still hodling until now, for sure those who bought at $100 have sold their bitcoin when the proc goes up a little bit because no one knows that bitcoin could fly so high like this. There is no problem with where will you sell bitcoin because we have a lot of legitimate and reputable exchanges where you can sell a huge amount of bitcoin.
Believing the same thing specially if you are really that active into this market that do checks out from time to time then you would really be selling out on some point.Who would be the one on liking to miss out those kind of selling opportunities? To those guys who had missed out on selling those peaks in the past are to those who had
literally lost or forget their keys and then they do suddenly able to recovered it out which it did result into big fortune considering on how big the market is currently
but when you do know the access of those wallets then its really hard to resist on not to sell.
It is for sure that I wouldn't still sell them now if I got 10 Bitcoins at 100 dollars. I think there is still a big potential in the price and 2021 could be really great for Bitcoin also. If things don't start going the opposite way soon, I really believe that we can see Bitcoin price reaching at least $100k before the end of this year.
Truth be told, most people definitely would've sold. But literally everyone? Nooot really. There are also a good number of truly avid Bitcoiners that has true conviction and truly believe in the movement that doesn't really sell unnecessarily. Including, me! I'll admit, I also sold a decent chunk throughout the days, but I wouldn't have sold them if I didn't really need to.
^This, it depends on how much you know about crypto and Bitcoin in general and whether based on those information you feel optimistic about its future or not and also how much you invested in it and whether you can wait for a long time or not affects the outcome.
Normal people just buy these to get some profit out of it and usually when it's like 5x-10x they will sell, of course it's not a nice feeling to know what you sold for 10x, did a 100x a while after that, but that's any investor/trader's life, you can not catch all the good investments at their dip and manage to sell them at the very top because you can not predict the future, so at the end of the day the best strategy for investment is to buy something you totally believe in with a capital that you can afford to lose and wait around 3-5 years to see what happens, preferably without checking the price.
Let's assume that we have bought BTC at $100, I don't think that I could hodl it for so many years and I don't think that there is someone who is still hodling until now, for sure those who bought at $100 have sold their bitcoin when the proc goes up a little bit because no one knows that bitcoin could fly so high like this. There is no problem with where will you sell bitcoin because we have a lot of legitimate and reputable exchanges where you can sell a huge amount of bitcoin.
If I happen to buy 10 bitcoins at $100 each I would be convinced to sell at the $1k mark. You might ask why? because in my opinion we really don't know how far bitcoin can go and for how long it will stay alive since when bitcoin was at the $100 mark only a few people use it compared to now.
Truth be told and to separate me from people who pretends to say that I will hodl it until this point which is clearly just a hindsight, if I bought at that price, I would be pretty naïve and will sell when the prices go up more than my investment, it could be between 150$ or 1000$ because I didn't know that bitcoin would grow in prices like the present.
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold? For the purposes of this fun simulation, let's assume that you'd bought 10 BTC at $100, a mere $1000 total investment, which is not much by any means, even teenagers with their pocket money can invest that king of money (true story, a lot of those Lambo youths are such examples).
https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
If I did invest that amount of money in Bitcoin at $100, I don’t think I am going to be selling it just to buy a bike or just for a trip to Hawaii or whatever, not even for a car, seriously that’s not going to make any sense to me. First of all I already had a business I was doing before I got to discover Bitcoin and I am still doing that business up till now and with the help of my earnings through Bitcoin I have been able to move that business from a small business to a bigger one.https://www.tradingview.com/chart/BTCUSD/25zPhzmI-BITCOIN-What-if-you-had-bought-at-100-Would-you-have-held/
So, if I invested at that rate, I will only sell to invest in my business, or the mortgage you said or retirement and financial freedom, those three are better than selling to buy a bike and car.
Nobody expected that Bitcoin will made it this far, early Bitcoin investors would’ve have sold it if it reached 5x or 10x because during its early period its future is unclear because of different issues including regulations. Now that most of us realise its potential I don’t think that people made past mistakes will repeat it again and again.
not true .i got my hoard in 2012. when they were only $6 each... i havnt sold yet.
i personally havnt set myself an exit price.
i actually find it easier to hold and not play now then i did back then
..
in 2012 i was playing with 100% of my hoard. i was day-trading it to increase my hoard
in 2013 when it went to $120/btc(20x) i only played with 10% of my hoard.
last year i played with less than 2% of my hoard.
this year not even 1%
any profits i make i convert to fiat and thats now been my (young)retirement income.. my 98% ill just let it stay where it is untouched
with the profits i make playing with small % i can live comfortably and not need to worry. its more then repaid my initial investment. so i dont keep track of the combined $ value of my hoard.. i just mess around and play with my <1% play money.
in short. i have no exit price in mind. its more of a 'when i cant be bothered with bitcoin anymore. ill leave'
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