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Topic: Why do you have bitcoins and what is your strategy? - page 3. (Read 5009 times)

legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
I have Bitcoins because I mined them in 2011-2012 plus a few other things I did to collect them. My strategy is to sell them all when the value reaches $2.5 million. They need to reach at least $1,310 each and the then current transaction volume needs to be high enough for me not to effect the market price during the sale (although I could do it slowly over a few weeks if the price stays relatively stable).
Why would you sell all of your BTC for FIAT money that will be worth peanuts in the next decades?


I collect real estate in the hottest market in the country and I want to buy more. You believe that Bitcoin will have value in the future and so do I. I know land will always have some value. There's 5000 years of history to prove it. The only thing that could completely devalue my investments is the downfall of the current government and I can't see that happening anytime soon. I can, however, see Bitcoin eventually becoming a threat to that very government and under attack by same. I really do hope all the hodl cheerleaders are correct and Bitcoin reaches $10k each. I just don't see that happening in my lifetime and I want something to pass along to my kids that they can live in now.
sr. member
Activity: 369
Merit: 250
Holding.
full member
Activity: 486
Merit: 100
I have Bitcoins because I mined them in 2011-2012 plus a few other things I did to collect them. My strategy is to sell them all when the value reaches $2.5 million. They need to reach at least $1,310 each and the then current transaction volume needs to be high enough for me not to effect the market price during the sale (although I could do it slowly over a few weeks if the price stays relatively stable).
Why would you sell all of your BTC for FIAT money that will be worth peanuts in the next decades?



why do you think FIAT will worth peanuts in the next decade?
if you cant prove your arguement, you're just another lame person brainwashed by unreasonable bitcoin lunatics.
sr. member
Activity: 322
Merit: 250
I have Bitcoins because I mined them in 2011-2012 plus a few other things I did to collect them. My strategy is to sell them all when the value reaches $2.5 million. They need to reach at least $1,310 each and the then current transaction volume needs to be high enough for me not to effect the market price during the sale (although I could do it slowly over a few weeks if the price stays relatively stable).
Why would you sell all of your BTC for FIAT money that will be worth peanuts in the next decades?

member
Activity: 67
Merit: 10
Got my bitcoin when I joined a gambling site back then. I love playing with it and trading it. Hmmm... Investing? But I am not sold to it right now.
newbie
Activity: 23
Merit: 0
I am new to bitcoin and I dont have any.It is nice for invensment and earning money in my opinion.
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
My strategy?

IN BEFORE FIAT CRASH Tongue - Buy + Hold -> Elevate socioeconomic status -> Bi-winning.
legendary
Activity: 1946
Merit: 1007
I have bitcoin because i interest to use it
my strategy about bitcoin, its simple just invest to longterm.
member
Activity: 94
Merit: 10
I dont spend bitcoin right now but I am planning to buy for investment. Might hold and forget about it for quite sometime.
member
Activity: 75
Merit: 10
Low = Buy
High = Sell
High = Hold
High = Invest
newbie
Activity: 42
Merit: 0
My strategy is simple, accumulate and hold as long as I can for the long term hoping the value will rise.
newbie
Activity: 33
Merit: 0
Im poor so im trying to grow my BTC stack before i consider moving it or spending some in BTC. Its too early.
member
Activity: 112
Merit: 10
Play Rock Paper Scissor Lizard Spock
I just want to try this thing called bitcoin. Smiley And I believe that this will not be a lost cause.
newbie
Activity: 7
Merit: 0
am newbie, i see bitcoin as a great investment which will help to secure my the future of wealth management, because is a digital transaction and it as more value and future in it   
newbie
Activity: 13
Merit: 0
Why do you have bitcoins and what is your strategy?
I want to become a rich guy! Want to get dog, a house. Live the dream. I want to have a mansion, want to have two womens at once. I want to get up at the sunrise and get in my own sportcar. And i hope that amazing digital currency will help me to achive my goals.
hero member
Activity: 1666
Merit: 565
to be honest, i've entered the cryptoworld because i've red somewhere that it's a good way to make some money  Roll Eyes

Only after 1 or 2 months i've started to understand how much this cryptocoin can change the world, maybe not to soon, but soon or later for sure.
member
Activity: 91
Merit: 10
Bitcoin has been around for years. I just want a piece of the action.
full member
Activity: 140
Merit: 100
YOU"RE LIKE A TIMEBOMB!
Well first of, I am just a bitcoin newbie. Im still on a kinda testing phase but since you asked. I have to say that I was captured by its idea and I am wishing that these bitcoin thing will boom soon and I am going to be a part of it.
member
Activity: 103
Merit: 10
Bitcoin for me at this stage is just another currency but one with great benefits. Far easier, cheaper and quicker to send funds abroad without all the red tape and delays as when done through normal banks. No need to go stand in a line, fill out forms and worse of all having to wait 3 to 6 days for it to arrive at its destination.

So for me its just another currency but with much more freedom and ease of use. I do see the potential of it appreciating in value in future and because of that I also save some, just as one would with normal fiat. So guess I treat bitcoin essentially like any other fiat currency and have no real 'investment' strategy.

For me the big thing is that I'm able to be my own bank which allows me the freedom to do with my money as I please.


Not everybody thinks about bitcoin like you do.
sr. member
Activity: 336
Merit: 251
Bitcoin for me at this stage is just another currency but one with great benefits. Far easier, cheaper and quicker to send funds abroad without all the red tape and delays as when done through normal banks. No need to go stand in a line, fill out forms and worse of all having to wait 3 to 6 days for it to arrive at its destination.

So for me its just another currency but with much more freedom and ease of use. I do see the potential of it appreciating in value in future and because of that I also save some, just as one would with normal fiat. So guess I treat bitcoin essentially like any other fiat currency and have no real 'investment' strategy.

For me the big thing is that I'm able to be my own bank which allows me the freedom to do with my money as I please.
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