Topic: Would you sell your BTC for $100 000, and never go back to the game again? - page 3. (Read 1097 times)
December 17, 2020, 01:05:32 PM
From my perspective, it is a very hard decision if you would accept the challenge that you will sell your bitcoin when its price hits $100,000 and never buy again because bitcoin is just like an endless stream that you don't know when will it end or what will be its last price. It is why you are missing a much better chances and opportunity in the future if you would stop buying bitcoin, even it takes a very long time for bitcoin to increase it's price.
December 17, 2020, 12:58:15 PM
This is such an interesting Ultimatum that is somehow timely since we all know that there will be a moment in our lives that we really would stop using Bitcoin along with other Cryptocurrencies.
Imo, I would sell my Bitcoin for that kind of value since the value of that kind of money in our country is already enough to at least create a small business that would easy to sustain and produce enough profit for me to keep living day to day. This is not the fact that I'm turning my back on Bitcoin but creating something out of that knowledge I learned through out the years of learning and studying cryptocurrencies. I mean, I am gonna get old and I know that there would be a time in which I won't be able to pick up another electronic device that would help me access Cryptocurrencies so I guess my answer would be yes provided that I would get my plans right.
It's really a good decision for me to learn Cryptocurrencies but I really know that for myself, its not the kind of industry I will be staying.
Imo, I would sell my Bitcoin for that kind of value since the value of that kind of money in our country is already enough to at least create a small business that would easy to sustain and produce enough profit for me to keep living day to day. This is not the fact that I'm turning my back on Bitcoin but creating something out of that knowledge I learned through out the years of learning and studying cryptocurrencies. I mean, I am gonna get old and I know that there would be a time in which I won't be able to pick up another electronic device that would help me access Cryptocurrencies so I guess my answer would be yes provided that I would get my plans right.
It's really a good decision for me to learn Cryptocurrencies but I really know that for myself, its not the kind of industry I will be staying.
December 17, 2020, 12:23:44 PM
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
Exactly the same answer that I was thinking but I still doubt that 5 BTC would be enough,considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
To be honest here I think that BTC have a chance on hitting that price but it would take so long.
But it would be a tough one if I have at least more than 10BTC maybe I could consider the offer and look for something else to invest but it would be hard for me knowing that crypto currencies are the future.
I live in a third world country, with the conditions that have been mentioned on this thread, it could be enough for me
with $500,000, I can split it into stock and property investment. I will get income yearly from dividend and monthly from renting the property
it would be a comfortable life (as far as I can imagine) for me.
December 16, 2020, 03:46:48 PM
Well, it depends on when the price will reach $100.000. If the price rockets that level in 1 year of course I would sell. I could wait for a correction. But if the price reaches those levels in 5 years, I would continue hodling.
I am a Bitcoin maximalist. I hodl half of my Bitcoins since 2017. But as I said if it happens in 1 year I would sell and wait for a correction that's the truth.
I am a Bitcoin maximalist. I hodl half of my Bitcoins since 2017. But as I said if it happens in 1 year I would sell and wait for a correction that's the truth.
December 16, 2020, 03:20:29 PM
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
Exactly the same answer that I was thinking but I still doubt that 5 BTC would be enough,considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
To be honest here I think that BTC have a chance on hitting that price but it would take so long.
But it would be a tough one if I have at least more than 10BTC maybe I could consider the offer and look for something else to invest but it would be hard for me knowing that crypto currencies are the future.
December 16, 2020, 02:19:02 PM
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
considering I don't have many bitcoin, even 1 bitcoin, I won't do that.
but, if I have at least 5 BTC, I will do it for sure (or maybe not really sure).
I think you need to state if we are still allowed to be involved in bitcoin or just simply don't own bitcoin. because, I still want to hang out around here, talking about blockchain and crypto.
cryptocurrency is an addiction, you can see many people collect useless token even it has no value.
December 16, 2020, 12:15:58 PM
It is a huge amount to imagine and I guess would be enough to settle for assurance. But when it comes to whether you will invest again or not, that would depend. Ofcourse why will you throw away an opportunity if it could give you more than what you have earned? Things will now depend on your discipline as an individual. I would probably be back again to this investment but I'd sure most of the 'winnings' will not be at risk. For an instance I'd invest 10% of it and the remaining would be for things that will benefit me in a long run but in a more assured way. Bitcoin investment is a good long term plan but certainty is lacking on how things will occur in its nature. But if it is obvious not to, I won't be a fool to still choose investing and gambling my luck on investing into it. Matter of seeking practicality, I guess.
December 16, 2020, 09:49:20 AM
Bitcoin already sealed the deal for me on how I view investments, and perhaps I will just carry bitcoins with me til the end given that its value appreciation isn’t stopped by any means. I will, for sure, sell some here and thete but ultimately be keeping a lot in bitcoins than cash. Since I don’t have plans to start my own family, I may just as well leave the keys to a charity soon — if bitcoin is still relevant by then.
December 16, 2020, 09:42:05 AM
$100,000/BTC is really a huge amount if ever. If I could find another investment I would probably be able to sell all my bitcoin for that amount but if my only focus is on crypto, I think it is difficult to leave the cryptomarket and I will definitely not sell my bitcoin and continue to invest in it without leaving the world of crypto.
December 16, 2020, 09:27:01 AM
hector3115, quite understandably, time is not something we can buy no matter what wealth we possess, so this question does not carry the same weight for someone who is 20 years old, as opposed to someone who is say 50 years old. I'm not a pessimist by nature, but a lot of bad things can happen in 10 years - and when those greedy leeches from Wall Street get seriously involved in the game, the question is what will happen to Bitcoin.
The question is, of course, hypothetical - but let's say that someone who would sell under such conditions could no longer legally buy Bitcoin. I certainly agree that we could call it a kind of addiction, and despite all the prohibitions, people always find a way to get what they want.
Despite the very high price of the offer, I believe if a person has already been crypto market for years or about 1 year, it will be impossible to force that person to not touch bitcoin or crypto again. It is an addiction, crypto addiction.
The question is, of course, hypothetical - but let's say that someone who would sell under such conditions could no longer legally buy Bitcoin. I certainly agree that we could call it a kind of addiction, and despite all the prohibitions, people always find a way to get what they want.
December 16, 2020, 06:01:08 AM
Hmmm this is a tricky question because some of us are interested in both what Bitcoin represents and also we want to get the profit. As much I love Bitcoin , it doesn’t mean that if I see the opportunity to make profit that I am not going to take it, I will go for that. So to answer your question I am going to say yes.
If I am offered $100,000 for all my coins to stop making use of Bitcoin (although I know this is never going to happen) I will take the deal. That aside, I want to add that Bitcoin is also important to me because it made my business very easy for me and it is cheap to make use of it compared to other means, I don’t have to pay monthly fees for receiving and holding coins or whatsoever, and the fees for transaction is low. So it’s important to me as a method of transaction as well.
If I am offered $100,000 for all my coins to stop making use of Bitcoin (although I know this is never going to happen) I will take the deal. That aside, I want to add that Bitcoin is also important to me because it made my business very easy for me and it is cheap to make use of it compared to other means, I don’t have to pay monthly fees for receiving and holding coins or whatsoever, and the fees for transaction is low. So it’s important to me as a method of transaction as well.
December 16, 2020, 03:44:16 AM
Nah I'll keep using Bitcoin for trading whether it's 10,000 or 100,000 selling all and never going back to the game will take each day %profit from my portfolio which I wouldn't want
December 16, 2020, 03:36:47 AM
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
That's really a good question but I think you should have wrote fixed price because people with 0.0001 btc or similar amount will write an answer that should be digressional.Those, who answer - YES, are a type of people who prefer "an egg today".
Those, who answer - NO, are a type of people who prefer "hen tomorrow".
Right now, my personal answer is following:
Despite the fact that I would get great profit that would be enough to launch a profitable business, I wouldn't make such decision that will not give me a possibility to use bitcoin in future. We should follow trends, be creative, past is past, we develop. If you stick with the past, you'll never develop. Maybe not only bitcoin but cryptocurrencies and blockchain technologies are future in overall. Most companies invest their assets in bitcoin, most companies adopt bitcoin and what do you do in this case? Saying no to it in exchange of $100k on each? Isn't there a high chance that bitcoin will ever surpass that $100K?
Long story short - I prefer "hen tomorrow" so no, I wouldn't sell bitcoin even for that price because I'll lose the future possibilities.
Remember in every tomorrow there is always another tomorrow, there is a popular say that goes "A bird in hand is better than a thousand in the bush" i say yes because i don't know what tomorrow will bring, probably btc will disappear or i won't be around to see it (i hope to see it by God's willing) at least i can see what today hold, and $100k for every btc i own is what i see
And what is point and fun in having something you want to hold forever and not use, hold till your dying days
December 15, 2020, 06:58:19 PM
First of all, I don't think BTC going to $100k anytime soon. And if goes to 100k, I would sell all my bitcoin and short 5X all in =) and come back after 3 months. Well If it goes to 100k, lots of new millionaires will be in this forum. It will be good for the long-term holders as well as new people who got in BTC recently. Hope it goes to 100k though.
Selling some at that price would be sensible but selling all one's holdings, becoming a nocoiner, and worse shorting meaning risking the money you got from selling, that's a huge risk. I can't believe a true hodler would do this.
December 15, 2020, 01:15:55 AM
Getting $100,000 per coin for every Bitcoin I hold (or fraction of Bitcoin I hold) at the expense of having to sit out what I consider to be the biggest financial revolution of the century while we are still in 2020?
Of course, I was thinking of a case where the price of 1 BTC is $100 000, so if someone has 0.10 BTC they would have the choice to get $10 000. So far, the result is very interesting, and I fully understand those who voted for Yes - because we are not all in a situation where we can only hold if we are given such an opportunity. As some others have already commented, that amount in a third world country is a real fortune, somewhere in the US or Western Europe it is not really considering the standard of living and wages.
I think a more realistic question would then be "Would you sell all your BTC for 10x the profit".
Right now if someone were to buy 1BTC that's almost $20K. When that value becomes $100K then that 1BTC will be worth 5x its buying price. It doesn't make any sense to sell it for a net profit of $80K and never buy BTC again.
However if the figure was 100BTC for $20K each then we are looking at a purchase worth $2 million. Selling that at $100K will make a profit of $8 million. There are practical problems with selling such large amounts though: Assuming you complete KYC, all exchanges have selling limits and they'll probably still investigate your account if you try to sell more than $100K worth at once because it's bad for their BTC/USD price index on their exchange and for the global price in general. I don't think even selling/buying 10BTC ($800K/200K respectively) at once is practical anymore.
December 15, 2020, 12:34:17 AM
Quote
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
$100,000 per bitcoin is a dream but it is possible. 5 fold from the 2017 all time high and it is not a big growth if compares to the growth of past all time high (2014) to 2017 all time high (about 20 fold).Despite the very high price of the offer, I believe if a person has already been crypto market for years or about 1 year, it will be impossible to force that person to not touch bitcoin or crypto again. It is an addiction, crypto addiction.
I have never imagined that I will totally leave the crypto market for any subjective reasons.
Yes, it is possible and tempting but I guess I might not into it because I guess when I continually go into the game I might earn as much as the offered exchange for the bitcoin. Think of it. It might be a long run for me, but I guess I might experience a lot of different things while I was earning. Besides, I will not only stick on one possible way of earning bitcoin but I will multi-tasked in others too. And also, I agree to the idea that a person that is into bitcoin for a long time can't able to stop into the process. He will continually get into the game because of the experiences and of course the familiarity of how he earns and how can he earn. He might be able to have struggles if he switch and never go back to the game.
December 14, 2020, 10:05:27 PM
If I am currently offered to sell all my bitcoins for $100k then I will sell them, it will definitely be very profitable for me, and I will be back at the lowest possible price as I predicted. I think as long as the internet is still there bitcoin will never die. While the internet is there it is not too late to invest in bitcoin.
December 14, 2020, 08:59:00 PM
Quote
If someone were to offer you the option at this point to sell all the Bitcoin you have at a price of $100 000 per coin on the condition that you should never own it again, would you agree to it?
$100,000 per bitcoin is a dream but it is possible. 5 fold from the 2017 all time high and it is not a big growth if compares to the growth of past all time high (2014) to 2017 all time high (about 20 fold).Despite the very high price of the offer, I believe if a person has already been crypto market for years or about 1 year, it will be impossible to force that person to not touch bitcoin or crypto again. It is an addiction, crypto addiction.
I have never imagined that I will totally leave the crypto market for any subjective reasons.
December 14, 2020, 04:26:59 PM
Like majority of people, I voted No. However, I'd like to point out a few things. Frankly speaking, I would readily jump on the offer to sell my stash of BTC at a price of $100,000 but the option of having to leave the game and miss out on all the benefits that bitcoin currently offers is a bit far fetched. One of the things I've learned in my trader journey is to always take profits and not leave money on the table. Prior to transitioning to a trader, I was an investor who is more interested in holding and waiting it out and not touching my holdings for long term. If I'm handed such an offer with the opportunity to still remain in bandwagon with the possibility to buy buy lower, then it's a yes for me. Otherwise, a big NO.
December 14, 2020, 06:14:54 AM
Getting $100,000 per coin for every Bitcoin I hold (or fraction of Bitcoin I hold) at the expense of having to sit out what I consider to be the biggest financial revolution of the century while we are still in 2020?
Of course, I was thinking of a case where the price of 1 BTC is $100 000, so if someone has 0.10 BTC they would have the choice to get $10 000. So far, the result is very interesting, and I fully understand those who voted for Yes - because we are not all in a situation where we can only hold if we are given such an opportunity. As some others have already commented, that amount in a third world country is a real fortune, somewhere in the US or Western Europe it is not really considering the standard of living and wages.
I personally voted for No, because I think that BTC will be worth a lot more in the next 5-10 years, and since I live in Europe like some others who post in this thread, even 10 BTC at that price would not allow us to be financially independent for the rest of our lives. I also hope that in the future the price will be stable, and that we won't even have to sell BTC for fiat to pay for something.
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