Topic: Will you still have bitcoins when the USD price hits $5000 (Read 2305 times)
You still can just sell small part of it. Also you can get more and more services and products for bitcoin, so maybe instead of selling it for $ you can just use it as normal money. Buy yourself house, nice holidays and pizza
Pretty simple really. Will you still be holding, or will you cash out before then.
this is a very essential question for those people that own 200 -1000 btc.
there is your exit out of the rat race.
what is riskier - to miss a potential $ 10 k -50 k btc price when cashing out or to lose a potential exit for good out of labour slavery by keeping your funds in that collapsed virtual nothingness once called bitcoin ?
I just don't see this happening. The nature of Bitcoin adoption is such that it is worldwide. Its going to saturate every nook and cranny of every demographic in nearly every country of the world. If it does what it was designed to. I don't get why people continue to look at it like a stock. This isn't a fad. And im not saying that like a mindless bitcoin fanatic. This is something that is currently beginning to seep into economies like a very slowly absorbing sponge. And once that takes hold, such a thing doesn't just "collapse" into nothingness. So I don't think this is a decision people are going to have to make. Especially after we saw what happened when two monumental reputation-destroyers occured (Gox, etc) ... when Bitcoin was at its weakest (brand new). Nothing happened. If Bitcoin was going to collapse to nothingness *ever* .... it would have done so this month. If its resilience is that strong this early on... imagine how stable the foundation will be in 5 years.
-B-
i am with you here.
what i tried to discribe was the fear it might collapse anyway. when it is a question of financial indepedence forever or risking it (eventhough the risk may get smaller - but it is still a risk). when you have a family you are responsible for it may not be the best choice to stay all-in in bitcoin. i think an exit strategy is important, but not a complete exit. just enough to stay on the safe side.
Depends on the momentum, but I believe that the next bubble is likely bitcoin's final bubble.
The final bubble?
You will NEVER forget The final bubble!
Do you know that the right combination of ingredients, temperature and humidity can create bubbles that last a really long time?
Pretty simple really. Will you still be holding, or will you cash out before then.
this is a very essential question for those people that own 200 -1000 btc.
there is your exit out of the rat race.
what is riskier - to miss a potential $ 10 k -50 k btc price when cashing out or to lose a potential exit for good out of labour slavery by keeping your funds in that collapsed virtual nothingness once called bitcoin ?
I just don't see this happening. The nature of Bitcoin adoption is such that it is worldwide. Its going to saturate every nook and cranny of every demographic in nearly every country of the world. If it does what it was designed to. I don't get why people continue to look at it like a stock. This isn't a fad. And im not saying that like a mindless bitcoin fanatic. This is something that is currently beginning to seep into economies like a very slowly absorbing sponge. And once that takes hold, such a thing doesn't just "collapse" into nothingness. So I don't think this is a decision people are going to have to make. Especially after we saw what happened when two monumental reputation-destroyers occured (Gox, etc) ... when Bitcoin was at its weakest (brand new). Nothing happened. If Bitcoin was going to collapse to nothingness *ever* .... it would have done so this month. If its resilience is that strong this early on... imagine how stable the foundation will be in 5 years.
-B-
What's the SSS plan?
Absolutely. The thing is, if bitcoin is successful as a payment method there will be no need to cash out completely at all
ftfy
well. I think this thread proves how little of a clue most people have about bitcoin
Sure, I'll have bitcoins when the BTC/USD rate hits $5000. I mean why wouldn't I?
Will it be as much as I have now? Probably not.
Will it be as much as I have now? Probably not.
I'm holding til $10k/btc... then I'm out for good
too much stress
too much stress
I don't have enough coins so that cashing out at $5000 would make a major difference in my life so I'll keep holding on them a little longer. Of course if the price was $50,000 it would be a much different situation.
This is exactly what I am thinking. I have so few bitcoins; cashing them out early wouldn't make my life any different, so I will just hold on to them until their fiat value does make a difference.
And this is exactly what everyone will do that feels the same way, now or even new adopters of bitcoin in the future. And as the user base continues to grow exponentially over the next couple of years, what's to stop this line of thinking? If you think about it, it is what we NEED to have happen in order for demand to continue to outstrip supply.
You WANT that guy/girl in the near future to say, "Well I finally have 0.1 BTC, but it's not enough now to cash out at $100K/BTC to make my life any different. So I'll just hold them until their fiat value does make a difference." And so on, and so on, and...
I don't have enough coins so that cashing out at $5000 would make a major difference in my life so I'll keep holding on them a little longer. Of course if the price was $50,000 it would be a much different situation.
This is exactly what I am thinking. I have so few bitcoins; cashing them out early wouldn't make my life any different, so I will just hold on to them until their fiat value does make a difference.
I don't have enough coins so that cashing out at $5000 would make a major difference in my life so I'll keep holding on them a little longer. Of course if the price was $50,000 it would be a much different situation.
Depends on the momentum, but I believe that the next bubble is likely bitcoin's final bubble.
Excuse me, I don't have a lot of experience in btc, so I am really curios what makes you think so?
I will always hold BTC. If the price rises 10%, I sell 1%. Some day this may change where I will sell 5-9% for every 10% increase (relative to USD).
Pretty simple really. Will you still be holding, or will you cash out before then.
this is a very essential question for those people that own 200 -1000 btc.
there is your exit out of the rat race.
how much money is "enough" for the rest of your life ? what is riskier - to miss a potential $ 10 k -50 k btc price when cashing out or to lose a potential exit for good out of labour slavery by keeping your funds in that collapsed virtual nothingness once called bitcoin ?
it may be the most important decision of your lifetime.
i keep fooling myself that a $ 5000 price tag on btc would make me independant financially. problem is, if it will reach that level it will not do so overnight. there will be ups and downs, sunshine and despair. to win a poker tournament one usually have to go nearly bust on the way up, it may be the same way with this little btc game. so it is actually a very good question how to play it on the way up there.
the forums are full of early adopters who cashed out way too early and are bitter now and spit out hate.
maybe it is best to ask the guys who own 5000 - 10000 btc since they had to find an answer already.
Absolutely. The thing is, if bitcoin is successful as a payment method there will be no need to cash out completely
This. totally agree, better to keep them all and pay for stuff with bitcoin.
Absolutely. The thing is, if bitcoin is successful as a payment method there will be no need to cash out completely
I will also be doing something similar to the SSS plan and thus will also always have bitcoins.
Yes absolutely
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