Will you sell at $10,000? - page 2. | Bitcointalksearch.org

Rawted

hero member

Activity: 742

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Quote from: piramida on April 13, 2014, 05:44:42 AM

Quote from: IamComrade on April 13, 2014, 04:38:01 AM

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.

Bitcoin, while a phenomenal break through, will not end up being the defacto standard of digital payments. Something better and more regulated will come along/get approved and take it's place. Diversity is key.

spiderbrain

legendary

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I'll sell about half by that point.

BlockchainHelp?

newbie

Activity: 28

Merit: 1

If Bitcoin becomes 10K then you probably won't need to "cash out", you could just purchase what you want online with Bitcoin unless you want funds for a start up or something...

bananaControl

sr. member

Activity: 322

Merit: 250

Decentralize All The Things!

Quote from: IamComrade on April 13, 2014, 04:38:01 AM

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest

No.

I only put money into bitcoin that I can afford to lose and I have all the time in the world, so for me it is either 0 or at least 100,000 USD Cheesy

Wandererfromthenorth

hero member

Activity: 742

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If I think we are near the top of the bubble I would sell everything, only to rebuy at half the value.

If you mean "sell" in term of "cashing out", and quit this whole bitcoin thing, mmmhh never.

TERA

hero member

Activity: 728

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Quote from: piramida on April 13, 2014, 05:44:42 AM

Quote from: IamComrade on April 13, 2014, 04:38:01 AM

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.

He said asset, not cash. I can think of some assets that are reliable and perform much better than the USD:

-Futures/commodities
-Real estate
-Real estate investment trusts
-Blue chip stocks
-Bonds
-Small diversified positions of precious metals
-Guns

You shouldn't have all your eggs in one basket, no matter how bullish you are about the basket. Bitcoin becoming a serious world currency and that is infallible is just a speculation, not a guarantee.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: IamComrade on April 13, 2014, 04:38:01 AM

move to another assest

like what, dead people printed on pieces of paper? that sure sounds more stable long-term

see, when bitcoin reaches five digits it will be the thing that you sell other things for. you don't now say "if USD reaches 0.02btc, I'll sell all my USD and move to another asset", same way you won't consider your bitcoins as something you need to "sell" - they will be your currency.

zimmah

legendary

Activity: 1106

Merit: 1005

I will never sell my bitcoin, or at least not all of them.

I might at some point use some of my bitcoins to fund a company startup or something but other than that most of my wealth is stored as bitcoins. Why would I store my wealth in a deflationary fiat currency at the bank when I can store it as deflationary currency in my own home.

raskul

sr. member

Activity: 434

Merit: 250

nah, i'll keep ploughing everything back into mining gear Grin

long live bitcoin

TERA

hero member

Activity: 728

Merit: 500

Preemptively picking a number is bad. I sell whenever TA says a downtrend has started.

sajisama

newbie

Activity: 13

Merit: 0

Quote from: IamComrade on April 13, 2014, 04:38:01 AM

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest

We wont have to, imo....

Rannasha

hero member

Activity: 728

Merit: 500

It'll depend on what the purchasing power of the $ is at the time. If Bitcoin rises against the $ because of growing adoption, then it might be nice to sell some. If Bitcoin rises against the $ because the $ is (hyper)inflating, then there's little point in selling as the amount of $ you'd get for 1 BTC wouldn't buy you much more that it would if you sold your BTC today.

Mayuyu48

hero member

Activity: 644

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even when BTC hit $3000 i'l sell it Grin

EuroTrash

hero member

Activity: 728

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(if it happens) I'll probably buy sheets... or better, a company that produces them.

podyx

legendary

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Merit: 1035

might sell about 5-10%

locking in some softpaper, that's all Wink

IamComrade

member

Activity: 66

Merit: 10

When btc become $10,000 will you finally sell? For me i think 10,000$ I will exit btc and move to another assest

Topic: Will you sell at $10,000? - page 2. (Read 1935 times)