Pretty easy to say but holding for years what now easy actually, I've sold a lot of bitcoin not because I don't believe in bitcoin but mostly I just needed the money for something.
If you think about it buying at 100$ at then selling at x10 is already a great profit for everyone and you don't really think that bitcoin would reach 58k$ at this moment.
So probably only a few that have strong hands would hold their bitcoin for so long un someone that doesn't really need the money because if my 100$ already gain x10 and then I don't have any money I would probably sell that bitcoin.
Topic: Where would you sell if you had bought 10 Bitcoin at $100? - page 3. (Read 1053 times)
It depends on the country you come from because selling of Bitcoin don't really give stress to people because of diverse applications used for selling, Binance is one of the biggest app popularly known, which is the easiest way of selling without issues, now p2p is another option or alternative to sell cryptocurrency irrespective the amount but the only scaring thing their is, it involves scamming, because at times those scammers will claim that they have fund you finance and it will trigger you to fund them crypto in their wallet and after which the funds will not be found, so is the only disadvantages of p2p transaction via Bitcoin and any other alternative coins.
If I ever bought 10 BTC at 100 $ I would probably sell it at 500 ~ 1000 $, 10 times profit is not a small temptation.
Honestly except for the crypto market I cannot find any market that can provide 10x returns.
Honestly except for the crypto market I cannot find any market that can provide 10x returns.
This is practically one of the major problems facing every bitcoin hodlers and it is the problem of the 'right moment to sell'. I am super sure that everyone who bought bitcoin when it was at $100 would have sold at a 100% profit which is $200 or for the most patient at 1000% which is when bitcoin hit $1,100 only to regret as to why they sold when the price of bitcoin is even higher.
You'd however realize that if by the prospect of making more money from the rise in the price of bitcoin, they did not sell their coin, they'd then have to suffer if they actually need money because they refuse to sell.
What I do is sell my some of my coins when I need money and leave the rest as investment.
You'd however realize that if by the prospect of making more money from the rise in the price of bitcoin, they did not sell their coin, they'd then have to suffer if they actually need money because they refuse to sell.
What I do is sell my some of my coins when I need money and leave the rest as investment.
For sure if there is someone who bought bitcoin at $100, I don't think that they are still hodling I right now, maybe they had sold it when the price goes up a little bit because no one knows that bitcoin could go much like this. The only small movement of the value of bitcoin is a good thing for those who have bitcoin at that time so they might sell it instead of hodling.
I bought once Bitcoin when it was 400$ i sold it at 430 or something 😂
Right now? No way in hell would I sell it.
Are you saying this because you've realized how much bitcoin has amount to? TBH, I think a lot of us would have sold long long before now. Maybe when it was $1,000. Because back then, buying 100$ and selling at 1,000$ is quite significant.
Right now? No way in hell would I sell it.
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold?
They would have sold at 1000$ or 20000$ Maximum. I don't think anyone would have the patient to hold it when they see too much profit. Another reason for selling is that bitcoin price does not always rise. It got to 1000# and dumped to 220$. Then again moved to 20000$ and dumped to 3800$. So there is no point holding when you can sell and buy back more later.
True. Panic selling always happens when price crashes. It becomes very hard to hold patience and wait for the price recovery and those who hold during the hard time make huge gains in future. The answer to decide when to sell is difficult to answer as there is no crystal ball to make 100% correct price prediction. The only tools available are Technical charts which help you to know the market sentiment.
Would everyone who bought at $100, would have had the insight to hold? Probably not. And if not, where would you have sold?
They would have sold at 1000$ or 20000$ Maximum. I don't think anyone would have the patient to hold it when they see too much profit. Another reason for selling is that bitcoin price does not always rise. It got to 1000# and dumped to 220$. Then again moved to 20000$ and dumped to 3800$. So there is no point holding when you can sell and buy back more later.
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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/
Some people who bought bitcoin at $100 or lower price still hold their bitcoin and not selling, even if the price already touch $58k. But they do not tell the other how they hold their bitcoin for a long time. I believe they still hold a large amount of bitcoin in their wallet because they want to wait for the next higher price or not sell their bitcoin if the price is not hit more than $100k. If I can have that bitcoin for a lower price and see the $58k, I will sell some bitcoin, maybe 10 bitcoin and use the money to buy a house, car, or something that I want.
i think there are succesful hodlers with btc valued under 100 dollars so you are wrong when you think no one can hold thier btc for a long time if they bought it at 100 dollar but if ever im one of those that invest and manage to not hold for long i think i wont sold my btc to buy simple things because i already invested a huge amount so im only going to sold once i double or tripple my invested money and buy a litte more expensive stuffs that i havent owned before in my life .
If I don't need then I will never sell my Bitcoin, Now I'm seeing that many company are started buying and accepting Bitcoin by making announcement, and they will hold it for long term cuse their buying price is pretty high. So it's indicates a positive sign for future growing of Bitcoin's value. So now it is pointless to think about selling my Bitcoin. I decided to hold my Bitcoin before we break 100K price range, probably I'll not sell at that time if I will get situation positive.
As for I would have sold some of those and hold the remaining balance up to a new record of ATH then I sold it this way. continue to hold it until it reaches my target price. Of course, you need to stick to the plan because you can't be just waiting for it to even get higher because that's the thing we always seek. If you don't take advantage of the current high price then you might not see it again. Greediness should be stopped and we should have some plan just before investing in BTC not just some go with the flow plan which might never work at all.
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).
There are many who are holding good amount of coins and have the patience to hold this long, i do hold coins and i have sold coins in the past as well but i am yet to spend my money on expensive cars even though i can purchase one with the current valuation but i am not stupid enough to spend that much amount for a car 
. If anyone trusted bitcoin then they made a fortune irrespective of the age.
That's the beauty of it, you can never sell all of it because you know for a fact that it's the money doing the work for you, not the other way around. And wasting off such huge potentials such as what bitcoin can offer, at as early as 10 years ago, is something that a wise investor wants to avoid.
I really hope to get to know Bitcoin when the price is still $ 100, Sometimes I fantasize that I want to have a time machine and come back where
Bitcoin is still very cheap. But the reality of my fantasy can't possibly come true for now, so we have to accept the fact that the price of Bitcoin is
already very expensive. But I'm sure early adopters who bought Bitcoin when it was $ 100 have sold it when it was $ 1000. Because most people
do not expect the price of Bitcoin to be so expensive that it reaches the price of $ 58k, even this year it is very possible to hit the price of $ 100k.
I am sure that even Satoshi Nakamoto as the creator of Bitcoin must have been surprised by the current price of Bitcoin.
Bitcoin is still very cheap. But the reality of my fantasy can't possibly come true for now, so we have to accept the fact that the price of Bitcoin is
already very expensive. But I'm sure early adopters who bought Bitcoin when it was $ 100 have sold it when it was $ 1000. Because most people
do not expect the price of Bitcoin to be so expensive that it reaches the price of $ 58k, even this year it is very possible to hit the price of $ 100k.
I am sure that even Satoshi Nakamoto as the creator of Bitcoin must have been surprised by the current price of Bitcoin.
Maybe I'd sell in $500-$1000 by that time. Lack of experience will make me sell at those levels and seeing those high prices for the first time will make me chill that I did it right.
If I had bought 10 Bitcoins for $ 100, I sincerely hope I could now keep more than 10 in my wallets. I mean, I'd rather keep them, and wait a long time for a bitcoin to become at least a 6-digit amount.
But, we can always speculate on things that did not happen and think what would happen if ....
That's what we think today, we're wanting to hold more but if it's time to sell. It's that when the prices are encouraging to sell, you'll never know yourself when you hit such high prices before. But, we can always speculate on things that did not happen and think what would happen if ....
Honestly, if I were fortunate enough to have BTC at that year when its price were below $100, I would have sold those bitcoins at this price.
If you were to check its price at that time, you would have feel that there is already profit waiting. You would not feel guilty as much since you literally have no idea that bitcoin would become this big, like what is happening right now. I know there are lots of posts about people trading their early garnered BTCs for something (i.e pizza bitcoin), but you cannot blame them as at that time, it was considered profitable at their end.
If you were to check its price at that time, you would have feel that there is already profit waiting. You would not feel guilty as much since you literally have no idea that bitcoin would become this big, like what is happening right now. I know there are lots of posts about people trading their early garnered BTCs for something (i.e pizza bitcoin), but you cannot blame them as at that time, it was considered profitable at their end.
If I don't need then I will never sell my Bitcoin, Now I'm seeing that many company are started buying and accepting Bitcoin by making announcement, and they will hold it for long term cuse their buying price is pretty high. So it's indicates a positive sign for future growing of Bitcoin's value. So now it is pointless to think about selling my Bitcoin. I decided to hold my Bitcoin before we break 100K price range, probably I'll not sell at that time if I will get situation positive.
Assume it's 8 years holding and never sell it until now, I find it's hard to believe because people are greedy and will sold after x3 or even x10.
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.
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.
You are right, lots of people sold back at dollar parity, $10, $100, $10000 etc. Some people didn't though. There were plenty of people back in 2010 through 2013 talking about the potential value in the future and who know to hold on.
For example, this thread is locked, but, check it out:
https://bitcointalksearch.org/topic/i-am-pretty-confident-we-are-the-new-wealthy-elite-gentlemen-12156
Atlas (the OP) was right, and he was a teenager at the time, around 16-17. (I wonder what ever happened to him and if he sold his coins.) So not everyone did so.
This was also right:
https://themonetaryfuture.blogspot.com/2011/06/bitcoin-is-economic-singularity.html
It is still probably isn't too late to buy and get a large return - IMO, bitcoin will only reach a stability point when there are large number of corporations, people, ETFs/funds etc owning it, maybe one or two (or maybe even three) orders of magnitude from here, and at that point people will be able to more easily conduct transactions with it vs more store of value. Then volatility will decrease, and people might not even need to get out of crypto.
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