Will You Sell when BTC Hits $1,000? - page 7.

Wekkel

legendary

Activity: 3108

Merit: 1531

yes

Quote from: johnyj on November 14, 2013, 02:34:24 AM

The higher the price, the less the necessity to cash out large amount of coins, so the coin supply on the market will continuously shrink, thus create more upside potential

The deflationary melt-up.

I suspect more people still frame btc value to fiat value instead of the other way around. The fight for $1,000 will be monumental.

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

The higher the price, the less the necessity to cash out large amount of coins, so the coin supply on the market will continuously shrink, thus create more upside potential

sushi

full member

Activity: 238

Merit: 100

ASIC Myth Buster

If more bitcoin demands are comming in, it may be possible. I locked some coins away. I'll check on it in 2-3 years!

Hopefully by then a sweat story, instead of just a piece of paper with no value

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: Elwar on November 13, 2013, 11:20:12 PM

I made the mistake of selling some at $99 thinking that it would crash to under $95 so I could make a little bit of money.

It kept going and I had to buy back in around $110.

We will likely hit $1,000 some time around Thanksgiving.

i find that doubtful. it would have to go up $42.80/day to hit $1,000. the boom happened already, i see the price stabilizing a bit more within the next 2 weeks. unless there's a gamechanger or some new news that is.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Didn't vote. I'm definitely not targeting $1/minicoin as an exit point, but that far ahead, it's possible that I'll have a sudden need for an infusion of national currency due to IRL factors along the way (which would sap, but not totally deplete, my wallet).

applelover

full member

Activity: 160

Merit: 100

Quote from: smoothrunnings on November 13, 2013, 07:26:35 PM

Since Bitcoin is not regulated no Government can prove that you made any amount from selling your Bitcoins. So it is a capital gain? No.

Secondly if you live in the United States it's the income tax law is illegal as only about half the states maybe even less signed the bill. So before you get on about any of this just make sure you have verified that there is a law in your city or town that says "you must pay income tax" and not some rule that the IRS has made up.

how well has this defense worked out for others in the courtroom so far?

saddambitcoin

legendary

Activity: 1610

Merit: 1004

it is hard to hold when you know it should be worth at least $10,000 but you have to wait several years. i'd like a bitcoin amnesia pill so i can forget ever having bought them

Sindelar1938

hero member

Activity: 490

Merit: 500

Not a chance

I want more,more,more

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Elwar on November 13, 2013, 11:20:12 PM

I made the mistake of selling some at $99 thinking that it would crash to under $95 so I could make a little bit of money.

It kept going and I had to buy back in around $110.

We will likely hit $1,000 some time around Thanksgiving.

Don't make the same mistake again.

inform

newbie

Activity: 42

Merit: 0

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

I didn't add the option to cash out partially because i want to know how many people are bailing at $1,000.

I know most people will cash out partially...

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?

80% Say NOT Sel! Grin

Answer is how i feel in open this topic true

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I made the mistake of selling some at $99 thinking that it would crash to under $95 so I could make a little bit of money.

It kept going and I had to buy back in around $110.

We will likely hit $1,000 some time around Thanksgiving.

jbreher

legendary

Activity: 3038

Merit: 1660

lose: unfind ... loose: untight

Quote from: beetcoin on November 13, 2013, 04:11:11 PM

there is definitely going to be a crash around 1,000k.. i've never seen so many people say they are going cash out (at 1k). there's even a sitewide celebration/party going on.

What makes you feel that the party will lead to a huge cashout?

I'll pay two XBT for the party, and cash in maybe two additional for travel arrangements. The rest (feeble though they'll be) I'll hold onto so I'll be able to take part in the XBT=$2500USD party (currently unannounced, though perhaps not that far off).

AndrewWilliams

full member

Activity: 182

Merit: 100

Fourth richest fictional character

Quote from: wtfvanity on November 13, 2013, 05:29:46 PM

I love these posts. Will you cash out when it reaches x? Cash out into what? I'm still cashing into BTC because I prefer that over the governments monopoly money. I keep out what I need to live, I don't have any expenses currently I need to cash out for. Only play with what you can afford to lose.

Good point.

The price of Bitcoin increases as adoption of it grows more widespread.

So, when it does reach $1,000 or $10,000, at that point you can probably buy whatever you want with it that you could with cash

Cheesy

What a world.

francong

newbie

Activity: 50

Merit: 0

I think I'll hold till my bitcoin can pay for the downpayment of a flat. Grin

freedomno1

legendary

Activity: 1806

Merit: 1090

Learning the troll avoidance button :)

5 And then wait for the mega crash and buy 10 more XD
Also FU options but staying around partial fun for all the vets at 1000 newbies will be eating our btc
But for speculation purposes goes with all cash out too Tongue

If I lose that round well it wasn't that bad of a cashout but then I can go to
My number one regret in bitcoin thread and post
Sold all my bitcoins at 1000 XD

doof

hero member

Activity: 765

Merit: 503

Yes, ill sell 5 and buy myself a brietling.

smoothrunnings

hero member

Activity: 630

Merit: 501

Quote from: GodfatherBond on November 13, 2013, 07:11:41 PM

I will mine & hold forever! ...or at least until 10.000$

And what if in 5 years it hits $500k, you will probably wish you hadn't cashed in!

smoothrunnings

hero member

Activity: 630

Merit: 501

Quote from: BittBurger on November 13, 2013, 04:44:10 PM

Don't forget .........

CAPITAL GAINS !!!!!!!!!!!!!!

If a dude is holding 350 bitcoins and makes $350,000 ......

Some such dudes are going to have to give $100,000 of it to the government "just because" ....

Maybe the correct question is, how many people are applying for citizenship in Germany right now?

Since Bitcoin is not regulated no Government can prove that you made any amount from selling your Bitcoins. So it is a capital gain? No.

Secondly if you live in the United States it's the income tax law is illegal as only about half the states maybe even less signed the bill. So before you get on about any of this just make sure you have verified that there is a law in your city or town that says "you must pay income tax" and not some rule that the IRS has made up.

GodfatherBond

sr. member

Activity: 264

Merit: 250

I will mine & hold forever! ...or at least until 10.000$

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: Lethn on November 13, 2013, 06:06:20 PM

If the price of Bitcoin ever gets that high that's when hyperinflation will have finally hit.

We are almost half way there.

No, I wouldn't sell mine.

Topic: Will You Sell when BTC Hits $1,000? - page 7. (Read 9750 times)