Where would you sell if you had bought 10 Bitcoin at $100? - page 5.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: GideonGono on February 21, 2021, 06:33:59 AM

I would depend on the flow of the market for example just like what happen last year the market was steadily making a great progress then I don't know when would I really sell off.
But if the market at that time wasn't crazy like it and only moving a little by little then I think I would happily sell it off when I gain about %10-30 profit if it isn't moving too much.

true, last year the movement was very high and uncontrollable because of the extraordinary speed that had been happening and what had been done so far.
fortunate that you can hold it from selling, so it could reap a sharp increase from last year which continues until now. although there was a correction at the beginning of the year did not make it to continue to increase sharply.
in fact, some days almost every day creating renewable ATH and this is extraordinary.
there is still a long way to go to improve and many are looking forward to the surprises that will occur.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

I think you meant "when would you sell" instead of "where would you sell". Honestly, I don't know. Maybe early? Like when the price went up to like $1,000? At least I guess that is what most of the people would have done. I doubt "many" people would keep holding after seeing the initial price rise. I mean during early days, most people wouldn't have expected the price to reach to the point it is at now. Even if they kept on holding, they would have sold it during the last bull run (back in 2017).

Sayeds56

copper member

Activity: 1316

Merit: 715

Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

Quote from: Amejoaquim on February 21, 2021, 08:50:35 AM

Depends on the news if theres a lot of bad news about crypto especially bitcoin im gonna sell it and take a break from this crypto investment.

But at this time i don't even think to sell it because after the influence from elon musk the future of crypto become more brighther than before.

Bad news are often market manipulation and not the real truth.

Very True. Bad news are spread to scare weak holder and create panic in the Market to trigger selling. We all are Human being being and we typically follow the crowd. The intelligent investor always buys when everybody else is selling. Whenever I sold BTC, later I prepended for selling it at lower price. BTC is Anti-inflationary Asset and it is designed to mitigate impact of Inflation. It is worth holding as long as you can.

Amejoaquim

full member

Activity: 924

Merit: 100

Depends on the news if theres a lot of bad news about crypto especially bitcoin im gonna sell it and take a break from this crypto investment.

But at this time i don't even think to sell it because after the influence from elon musk the future of crypto become more brighther than before.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

I would depend on the flow of the market for example just like what happen last year the market was steadily making a great progress then I don't know when would I really sell off.
But if the market at that time wasn't crazy like it and only moving a little by little then I think I would happily sell it off when I gain about %10-30 profit if it isn't moving too much.

MCobian

full member

Activity: 1190

Merit: 117

If I bought 10 BTC at $ 100, I would probably sell it in 2017 when there was hype. Because surely I would not have thought Bitcoin could pump high
like it is now. I believe it is very rare for people to buy Bitcoin at $ 200, able to hold Bitcoin until now. It is not easy to invest in Bitcoin, its volatile
price is indeed difficult to predict.

But if we really want to invest in Bitcoin in the long run, it's okay to buy Bitcoin at its current price. Because after all the price of Bitcoin will continue
to rise, so buying Bitcoin at the current price can still get profit. As long as we are more patient when holding Bitcoin

newwest

member

Activity: 686

Merit: 26

★777Coin.com★ Fun BTC Casino!

Quote from: acener on February 21, 2021, 04:41:48 AM

I would provably sold it when the price hits $150-200 who would have known that it would be this high back then.
So I am guessing all the investor who was active at the market also sold their holding when they gain an insane profit from it.
I think only those who forgot that they have Bitcoin or totally ignored the news but an early miner or holder could have hold it for so long and would resist the temptation of selling.

True at certain point of time when it would have rose and met your goals people would have started to sell off some portion of it. Also in between many would have a cash crunch so automatically it would have got sold. But those who had continued to hold it till now should not sell it. Keep holding as price will be crazy in coming years and do not want to lose that profit-making opportunity.

shield132

hero member

Activity: 2352

Merit: 905

Metawin.com - Truly the best casino ever

Quote from: mk4 on February 19, 2021, 10:52:26 PM

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.

What's the point of infinitely holding bitcoin? For me, it looks like the wealth that's not in use. What if everyone buys bitcoin and just holds? For me it looks like the situation where banks just hold all the money they have and don't give loans.

Four years ago, I would sell them if the price was higher than 1K USD (it was unbelievable at the moment) but I have learned so much during these years, the patience is the key, bitcoin is the endless rise and fall. The problem for us is that once we saw the fall, we immediately sell, we don't understand that rise happens after the fall. We look at bitcoin's price like this is it's last rise and then panic sell once a small movement happens, then we regret it and imagine in our fantasy what would happen if we didn't sell and hold.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

I would provably sold it when the price hits $150-200 who would have known that it would be this high back then.
So I am guessing all the investor who was active at the market also sold their holding when they gain an insane profit from it.
I think only those who forgot that they have Bitcoin or totally ignored the news but an early miner or holder could have hold it for so long and would resist the temptation of selling.

kotajikikox

full member

Activity: 2548

Merit: 217

Quote from: androyster on February 19, 2021, 08:09:37 PM

Right now? No way in hell would I sell it.

Lol you have Bought at 100$ each ? I doubt that you can still hold after Bitcoin reached 57,000$ .

It's easy to say because for sure you have not purchased those days but if you did ? i am 100% that you have sold all of them back in 2017 when the value raised up to the highest of 20,000.

But of course we can only say words now as this is a general question and not an actual one.

amishmanish

legendary

Activity: 1904

Merit: 1159

Quote from: GreatArkansas on February 20, 2021, 03:04:29 AM

I am treating Bitcoin these days as an emergency fund, I won't sell until I don't really need cash. To be honest, having Bitcoin taught me to become more thrifty or wise on spending some money.

Totally agree and that is the way I have started seeing it too. For those of us who came late on the scene but have been in the ecosystem to know of ways to earn crypto, it is indeed eye-opening to manage the financial targets. Before this, money was simply something that you always struggled to catch up with. Now I can see that money is meant to serve us and not vice-versa.

Quote from: GreatArkansas on February 20, 2021, 03:04:29 AM

Selling Bitcoin for taking profits is not bad at all, we can still buy anytime. Some people have their own price target, so maybe they will sell some portion of their holdings just to buy some things or use it in good ways. Just like what I did before, I sold some of my Bitcoin to buy a laptop, and that laptop helps me to earn more Bitcoin buy working on some gigs that paying Bitcoin .

Good to know man. The spend and buyback method is the best in my opinion too. Re-investing in yourself or upgrading the tech so you can learn more about the technology and earn is a good lesson to learn. If you think of it, this is how every skill, every sector works. This is the right mindset for it and thankful to bitcoin for showing me an example. I was otherwise too lazy to actually explore these things. The technological underpinnings as well as the chance to make some money is the reason that Bitcoin is the perfect savior for procrastinators like me. Hope we keep learning and growing.

Nunoluck

full member

Activity: 452

Merit: 101

The pattern of bitcoin price chart is always the same so it should easier for us as bitcoin investors to make decisions. My strategy is so simple but effective, I prefer like to sell my bitcoin only in bullish market and buy it again when the price fall. If I miss the timing then I jus5 hold it to avoid financial loss. I don't like to do opportunity selling because it's too risky. People who bought at $100 maybe have same strategy with me.

Coyster

legendary

Activity: 2184

Merit: 1302

I didn't buy it back then, so ordinarily there's no way I'd know what I would have done in a situation that I never found myself, but if I'm to answer based on my personality, my appetite for risks and things I'd prolly have wanted to do with money IRL, I think I would have sold quite a long time ago whenever I considered my ROI good, the thing is I'm sure my sentiments would have gotten the better of me, the media calling it a bubble going to burst, plus other security concerns, all these and much more would have facilitated my hunger to leave the network and hold Fiat.

Having said that, I would have regretted that decision, but that must have been after I've worked on my knowledge of the network, right now, I believe in the network, but back then, I'm not sure I would have, I'd not sell my stash now, even if there's a massive plunge, that's the difference between the 'imaginary' then and now, Bitcoin has gone through quite a lot of stages to make people believe in it, the latest being the influx of institutional Investors, hodl now you have the chance to do so.

Leviathan.007

hero member

Activity: 1778

Merit: 722

Leading Crypto Sports Betting & Casino Platform

Holding bitcoin starting from 100 usd means I'm a holding it for more than 8 years. Someone who is holding bitcoins for 8 years is the one who already saw the bull run at 2017 and price fall on 2018 and 2020. That person is obviously controlling self emotions and even during this bull run he won't sell bitcoins. So, if I had 10 bitcoins at 100 bucks, I would not sell my bitcoins anytime soon because I believe the price is rising and and by holding bitcoins for longer time I'll get more profit. In the case of emergency, I would maybe sell only a little share of my bitcoins but there is no way to sell all.

aoluain

legendary

Activity: 2436

Merit: 1362

Quote from: GreatArkansas on February 20, 2021, 03:04:29 AM

I am treating Bitcoin these days as an emergency fund, I won't sell until I don't really need cash. To be honest, having Bitcoin taught me to become more thrifty or wise on spending some money.

Selling Bitcoin for taking profits is not bad at all, we can still buy anytime. Some people have their own price target, so maybe they will sell some portion of their holdings just to buy some things or use it in good ways. Just like what I did before, I sold some of my Bitcoin to buy a laptop, and that laptop helps me to earn more Bitcoin buy working on some gigs that paying Bitcoin .

Im thinking similar to you, I have definitely become more thrifty with money since
getting into Bitcoin and also thrifty with Bitcoin too. There are any number of things
I could buy now but I'm holding firm until next month. I need to get some more
home renovations done so I will yse a small amount of Bitcoin.

If I had bought Bitcoin at $100 and have the same outlook as I do now I would still
have some, but not all of them, I would have used some for essential purchases.

I bought my first Bitcoin at $1000 and still have them although I did sell some
in December 2017.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

I am treating Bitcoin these days as an emergency fund, I won't sell until I don't really need cash. To be honest, having Bitcoin taught me to become more thrifty or wise on spending some money.

Selling Bitcoin for taking profits is not bad at all, we can still buy anytime. Some people have their own price target, so maybe they will sell some portion of their holdings just to buy some things or use it in good ways. Just like what I did before, I sold some of my Bitcoin to buy a laptop, and that laptop helps me to earn more Bitcoin buy working on some gigs that paying Bitcoin .

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Depends on multiple factors. Personally, I would sell once it reaches x10 or something since I am great at HODLING cryptocurrencies for the long-term. I don't think I would be able to HODL past x10 due to the fear such returns.

I would have selected LocalBitcoins for selling all my BTC since it's my favorite place to sell cryptocurrencies when compared to other sites.

My next best option would be Binance since I trust them a lot and have never faced any issues with them so far.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

This exactly my point when seeing people regrets over the fact that they sold bitcoin early, the thing is, without having an idea how the future may unfolds we gonna be distracted of selling our holding because our needs and when people said they gonna forgot that money, nah you will not.
I'd probably sell when my asset doubles aswell and then hoping for a dump and that's what exactly I did in the past not knowing it could go even higher beyond our expectation.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

One thing about historical data or charts is that they make us get filled with regrets and this isn't a good thing. BTW OP, it would've been highly impracticable (very impossible) for anyone who bought Bitcoin at $100 to still be hodling EVERY single Bitcoin they bought till now. Most of those who bought at that rate would've sold long before it crossed $10,000. The wise among them would split and sell part while allowing it run. The wiser among the wise would be trading to increase their quantity. Anyone who didn't sell any bit till now, either lost their password/PK to the wallet or dead (may be like Satoshi too). It's the same way a lot of us are hodling some penny alts now and we don't know what they will become a decade down the line. So, if we have any X5 or X10 profit, we quickly sell thinking that would be a point of dump. Who ever thought BNB would be worth this much today from the less than $0.30 it was listed in 2017? I sold my quantity when it crossed $3 with huge profit. But look at where it's today. We can't know the way these things pan out.

Beparanf

hero member

Activity: 2954

Merit: 796

About x2 to x5 max realistically speaking considering the normal mindset of people during that time. No one knows what will be the future of Bitcoin that time so we can’t blame others who early sold that time. Most important was to sell only in profit because we can always re-enter once price correction since it’s inevitable.

Besides. Bitcoin is completely out of the norm that time so the common mindset was to get profit out there for a short term then invest on more sustainable product like stocks of popular company.

Topic: Where would you sell if you had bought 10 Bitcoin at $100? - page 5. (Read 1053 times)