Will You Sell when BTC Hits $1,000? - page 4.

Lauda

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Terminated.

Quote from: BittBurger on November 13, 2013, 03:59:49 PM

Its honestly the most difficult question on earth right now for me. Its obvious as we approach $500 that this is going to be an issue on the table for all of us.

How does one look at thousands (hundreds of thousands?) of dollars earned on the most risky investment known to mankind, and not "Grab" it and run?

You obviously haven't invested at all/maybe small amounts in life.
I see no reason to get my (example) $100,000 when it will be $200,000 in the near future.

Korbman

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Quote from: BittBurger on November 13, 2013, 03:59:49 PM

Its honestly the most difficult question on earth right now for me. Its obvious as we approach $500 that this is going to be an issue on the table for all of us.

How does one look at thousands (hundreds of thousands?) of dollars earned on the most risky investment known to mankind, and not "Grab" it and run?

You're spot on when you say this is a difficult question to answer, at least for me. The way I look at it, Bitcoin is similar to cash. The global M0 supply (physical currency) is valued at around $5-ish trillion...if Bitcoin can capture even 0.5% of that market, Bitcoin would be worth a bit over $1,190 per coin (spread over 21 million total coins). That's fairly substantial by any means, but by then you have to ask the question, "Will it peak at 0.5%"?

There are a lot of barriers to entry for Bitcoin, at least speaking to the need to have a computer (or computational device such as a smart phone, tablet, etc), know what encryption is, what an address is, how it operates, and how to keep your coins safe. That's a lot more to handle than the average person is will to take on (in today's technological environment).
I certainly see Bitcoin reaching $1,000+, though it may take 5-10 years to get there and stabilize.

JTrain_51

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looks like people will be keeping the balance i find that very dedicated to btc
Looks like we got a great community

I would probably sell 30% of my bitcoins and keep the rest

EvilPanda

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Activity: 658

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Small Red and Bad

Quote from: Lauda on November 15, 2013, 07:52:10 PM

Quote from: Xer0 on November 15, 2013, 07:41:40 PM

we have already understood that you are rich Roll Eyes

If i only was..rich enough. Cheesy

Rich get richer, poor get poorer... Should be easy in your shoes.

On topic, I would cash out countless times between 500 and 1000. I treat BTC as income source rather than investment. Bills are killing me Sad

Xer0

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°^°

just hold some more years Wink

Lauda

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Terminated.

Quote from: Xer0 on November 15, 2013, 07:41:40 PM

we have already understood that you are rich Roll Eyes

If i only was..rich enough. Cheesy

Xer0

hero member

Activity: 826

Merit: 1000

°^°

we have already understood that you are rich Roll Eyes

Lauda

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Merit: 2965

Terminated.

Quote from: wobber on November 15, 2013, 06:27:11 PM

For me it's 4.7 coins

For me it's launch money.

wobber

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Quote from: Xer0 on November 15, 2013, 06:25:58 PM

Quote from: Lauda on November 15, 2013, 05:45:25 PM

Quote from: Xer0 on November 15, 2013, 04:57:16 PM

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

and for me its 1 year of college fees Grin

For me it's 4.7 coins

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Quote from: Lauda on November 15, 2013, 05:45:25 PM

Quote from: Xer0 on November 15, 2013, 04:57:16 PM

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

and for me its 1 year of college fees Grin

tspacepilot

legendary

Activity: 1456

Merit: 1081

I may write code in exchange for bitcoins.

I couldn't vote because I wouldn't cash out entirely or hold onto everything. The other thing is that it depends on how many bitcoins I have at that time. Currently I have around 1.25 so I wouldn't want to give them all up. But I'd probably consider selling the .25 for $250.

qtronix

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if it hits a 1000 sell sell sell Grin

Rupture

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I might sell some at $500 tbh

Lauda

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Terminated.

Quote from: Wekkel on November 15, 2013, 05:54:41 PM

http://www.youtube.com/watch?v=MUiPzADsGeE

It's better to have $20 than $0. Tongue

Wekkel

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Activity: 3108

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yes

Quote from: Lauda on November 15, 2013, 05:45:25 PM

Quote from: Xer0 on November 15, 2013, 04:57:16 PM

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

http://www.youtube.com/watch?v=MUiPzADsGeE

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Xer0 on November 15, 2013, 04:57:16 PM

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

$2000 is pocket money, at least for me.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Quote from: Lauda on November 15, 2013, 04:46:54 PM

Quote from: Xer0 on November 15, 2013, 04:42:04 PM

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that Grin

I'd recommend getting at least 4 more.

4 wont be possible unless we drop to 125€
but i would fully invest the 500€ i have on a good opportunity

Lauda

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Activity: 2674

Merit: 2965

Terminated.

Quote from: Xer0 on November 15, 2013, 04:42:04 PM

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that Grin

I'd recommend getting at least 4 more.

adamstgBit

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Trusted Bitcoiner

Quote from: Lauda on November 15, 2013, 04:36:16 PM

Quote from: adamstgBit on November 15, 2013, 04:01:45 PM

Quote from: AlgoSwan on November 15, 2013, 03:58:33 PM

Quote from: cryptoanarchist on November 15, 2013, 10:58:54 AM

I'll probably sell some bitcoins right after they hit $1000 for other cryptocoins because there will be a sell off after hitting such a milestone. Then I'll buy some back after the sell off for a net profit in both currencies.

Excellent hedging strategy. Do you have any specific cryptocurrency for this operation?

I buy FTC, because its shiny.

What if it becomes rusty?

ill throw it away.

i only like it because its shiny

Xer0

hero member

Activity: 826

Merit: 1000

°^°

depends.

i have 1 BTC which i dont plan to spend in the next 5 years at least

but if get the chance to buy in at a flashcrash, i would sell them again at 1000
and by that having pays my next 2 college semesters and wont need to work for that Grin

Topic: Will You Sell when BTC Hits $1,000? - page 4. (Read 9749 times)