Topic: Would you sell your BTC for $100 000, and never go back to the game again? - page 4. (Read 1029 times)
December 14, 2020, 05:31:05 AM
It is all relative, especially if I think that $100 000 will not be valued $100 000 tomorrow. I believe, in the end, it really depends on the personal circumstance of us all. I personally do not need that money now and I can wait longer. Mostly because I recognize what Bitcoin can give me (apart from the money). These are really tough times and knowing to be holding something in my sole control gives me quite a great sense of security.
December 14, 2020, 05:26:09 AM
I looked at the voting rating, and I see that there are people among us who believe in bitcoin.
But let's take into account some points. Yes, I read about the fact that bitcoin will grow significantly high, someone predicts growth to 100 thousand or even up to 350 thousand next year, and someone predicts not such a quick time frame.
There are people among us who live in not very prosperous countries, and such an amount would be necessary for them, plus you can add age here. Young people, in my opinion, are simply obliged to keep bitcoin, since the future will be associated with bitcoin. But there are people among us who are waiting for retirement, I think in this case they should not be condemned for selling.
Bitcoin is designed to be a support for every age.
But let's take into account some points. Yes, I read about the fact that bitcoin will grow significantly high, someone predicts growth to 100 thousand or even up to 350 thousand next year, and someone predicts not such a quick time frame.
There are people among us who live in not very prosperous countries, and such an amount would be necessary for them, plus you can add age here. Young people, in my opinion, are simply obliged to keep bitcoin, since the future will be associated with bitcoin. But there are people among us who are waiting for retirement, I think in this case they should not be condemned for selling.
Bitcoin is designed to be a support for every age.
December 14, 2020, 12:38:38 AM
-snip
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?
-snip
I would most likely say yes If I have enough bitcoin to last me a lifetime(and more) if I sold it for $100k per coin. but the reality is, I don't even have 1 bitcoin. so, No, I wouldn't sell my BTC. besides, it wouldn't be worth it for me especially with the tons of possible opportunity you can explore with bitcoin. 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?
-snip
December 14, 2020, 12:31:36 AM
I would pick yes for this one since I'm not a fan of high risk with high profit since I'm afraid losing all just to gamble to a higher ROI. I would rather sell my BTC for 100,000 USD and settle for that without going back again and from there I would make it as a capital for other business.
December 14, 2020, 12:09:19 AM
Its a best offer and I will agree on it but on the condition that I can go back into altcoins since the rule is only for btc I will for sure use the 50% of it to buy some really promising altcoin like eth,link and use the half to my own business.
December 14, 2020, 12:01:39 AM
With my current coin holding, I would be able to procure a decent amount in case I sell them for $100,000 per coin. And since I am residing in India, where cost of living is quite low, I will be able to purchase a decent house with that amount (currently I am living in rented accommodation). But still I need to find a full-time job, to support my expenses, as the remainder of what I have after purchasing the house will not last too long.
December 13, 2020, 11:55:06 PM
It's a dilemma specially for average Joe who don't have enough bitcoin in their wallet. Perhaps if you own 1 BTC already and you can live comfortably with $100,000 in your country then I guess it is ok.
However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.
1BTC at 100k is enough for me to go for a retirement in my country at 35 at the very least. I do agree that it is hard to accumulate the amount but this is all hypothetical so nothing can hurt, for me I would definitely go for it and use that money to go do some business that can sustain a simple life, and as I said earlier retire at 35 and pursue my other goals since I have a lot of free time, having a lot of money and not knowing where and when to spend it on does not make any sense to me. However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.
December 13, 2020, 09:43:33 PM
It's a dilemma specially for average Joe who don't have enough bitcoin in their wallet. Perhaps if you own 1 BTC already and you can live comfortably with $100,000 in your country then I guess it is ok.
However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.
However, for majority of us who can't even get close to 1 BTC then I would say no. I will try to accumulate as much as I can not just for myself, for my kids as well. We really don't know what will be the price in the next 10-20 years, so we should also long for the term term effect even if it reaches 5 digits already.
December 13, 2020, 08:08:56 PM
Like I see when reading the answers, 100 000$ is not the same thing depending on where you live. I'm European so that's a big amount but not enough to buy a house where I live for example. For an American it could just be one year salary, not really life changing.
In poorer countries, that might make you the richest person in town.
In poorer countries, that might make you the richest person in town.
December 13, 2020, 07:59:38 PM
That's a tough decision to make. $100,000 is worth so much when converted into our currency. But, I would also be skeptical about the offer. I mean, why would someone offer me such an amount? There's probably something he knows about bitcoin that I might regret after making a decision. It might be at its highest value when I come to the point of selling it. So even if $100,000 is no joke, I'd probably respectfully pass. I appreciate the offer, though. But I think I have come long enough just to sell it and never come back. Bitcoin has already become a part of my system and I am happy with how I am earning with it.
December 13, 2020, 07:52:42 PM
There's no reason for you to accept such offer if you do have lots of coins into your stash. $100,000 wont really be enough nor be convincing if you do have lots of coins
into your wallet to know the reason or the probability of bitcoin to go in new heights which would potentially able for you to earn more.
Not only on the profit or money making side of things on why i wont quit on engaging towards bitcoin but also into its usage when it comes to transaction making.
Not all would really be that selfish on dealing with things just for a mere amount( for rich guys) for them to stop to touch bitcoin.
into your wallet to know the reason or the probability of bitcoin to go in new heights which would potentially able for you to earn more.
Not only on the profit or money making side of things on why i wont quit on engaging towards bitcoin but also into its usage when it comes to transaction making.
Not all would really be that selfish on dealing with things just for a mere amount( for rich guys) for them to stop to touch bitcoin.
December 13, 2020, 07:17:15 PM
Not returning to the game is a big clause, I won't underestimate the power of bitcoin. Very hard to call but I will remain in the game for life and hold my bitcoin.
December 13, 2020, 06:56:41 PM
A tough question for me.
$100,000 is already a life-changing amount and for long-term goals, even without touching again the BTC, the amount can be used on opening up a business and won't purely rely on bitcoin moon price to make a good profit.
But my direct response for now, NO @ 100%. But if there's a thing that will give me enough reason to pursue it then YES, I'm not closing the doors. In other words, depends on the given situation.
December 13, 2020, 06:47:41 PM
There are so many factors at play here;
1. What was the price I bought the bitcoins at before the rise?
If I bought Bitcoins at less than $3K and it hit $100,000, of course I would try to cash out some. I mean what's the point of just stocking Bitcoins minus spending any?
2. How many bitcoins do I actually own?
The urge to cash out when I have 100 BTC ($10M) would be far different from the one if i had only 0.1 BTC ($10,000)
But to be honest, I wouldn't withdraw all the bitcoins and I don't think I would stop the game I would keep some for the future (family and grandkids)
1. What was the price I bought the bitcoins at before the rise?
If I bought Bitcoins at less than $3K and it hit $100,000, of course I would try to cash out some. I mean what's the point of just stocking Bitcoins minus spending any?
2. How many bitcoins do I actually own?
The urge to cash out when I have 100 BTC ($10M) would be far different from the one if i had only 0.1 BTC ($10,000)
But to be honest, I wouldn't withdraw all the bitcoins and I don't think I would stop the game I would keep some for the future (family and grandkids)
December 13, 2020, 06:36:19 PM
...
Yes, I would take the money and run.
Another interesting question would be to have asked if each Voter were a "small" HODLer or "large". I would bet that many larger holders would sell and move on.. ("Small HODLer" here)
EDIT: Besides, because no one can predict the future (and unknowable technological change)...
Yes, I would take the money and run.
Another interesting question would be to have asked if each Voter were a "small" HODLer or "large". I would bet that many larger holders would sell and move on.. ("Small HODLer" here)
EDIT: Besides, because no one can predict the future (and unknowable technological change)...
What is a small or a large hodler. If I have 1 BTC am I a small or a large hodler. What if I had 5? 10? For 1 person 100 thousand is going to be a small fortune, for another pocket money.
In my case it would be very tempting because just 200 thousand dollars would allow me to realize all my current dreams. On the other hand I'm not in need of money now. If I got it all at once I'd quickly spend it and realized 10 years later that I did not really need those things and if I held my coins would be worth more.
I choose no. I prefer to take my chances especially that I'm getting some coins every week I spend here. Agreeing not to be involved in bitcoin would end that.
December 13, 2020, 06:08:17 PM
No never!! Bitcoin has given me too much I must remain loyal! I believe in bitcoin I think it will go for more than $100k one day. With the amount of bitcoin, I have now I would definitely not take this offer up. You would need maybe 10 bitcoins to make this a worthwhile offer. Even then... Not being in the bitcoin world sounds depressing to me and you? How on earth will I spend all my precious bitcoin if I do not possess any? I want to one day feel what it is like to make mainstream purchases with my bitcoin.
I believe in bitcoin I think it will go for more than $100k one day. With the amount of bitcoin, I have now I would definitely not take this offer up. You would need maybe 10 bitcoins to make this a worthwhile offer. Even then... Not being in the bitcoin world sounds depressing to me and you? How on earth will I spend all my precious bitcoin if I do not possess any? I want to one day feel what it is like to make mainstream purchases with my bitcoin. December 13, 2020, 05:04:08 PM
100000 is actually a number I have set as an objective for myself, with the caveat that I think in Euros, so it's a bit more than 100000$ (maybe not by then). Not to sell all BTC though, I would never do that. My idea is to sell a chunk though, not to exit but because that would be a tremendous achievement already so I'd want to act on it. Then if BTC crashes after that, I would probably buy back the amount I would have sold, so basically I would trade that price. Until then, no more trading.
December 13, 2020, 04:25:08 PM
This is undoubtedly one of the most difficult question because most of us are here for profit or some sort of passive income but at the same time we do have people working hard for the technology which Bitcoin has started, we are greedy as well hence I think most of us including myself would not quit but rather cashout and reinvest in the greed of earning more.
Bitcoin enthusiasts will not dump it unless it's a critical situation or financial emergency.
Bitcoin enthusiasts will not dump it unless it's a critical situation or financial emergency.
December 13, 2020, 03:50:13 PM
Well one thing is for sure, the majority of those who own bitcoin are in it solely to make money. I've talked to countless friends and family who own bitcoin but actually have no idea how it works or what it's use cases are for. Just goes to show how few people actually do their homework when learning about financial products. That said, if I were given this offer of 100k I'd take it. I fully expect bitcoin to reach heights above 100k, but who knows how long that will take and of course there is no guarantee. 100k is life changing type money for many.
December 13, 2020, 03:41:00 PM
that's a very good question indeed. personally I believe that this time ATH will be around this amount. so it makes sense to cash out all when price climbs close to that price (or even at 50k). then price dip will follow and will buy back same amount of BTCs and wait until price reaches very high value. it may take many years but that will be perfect retirement fund. this is what i promised to do after i cashed no money in the last bullrun 3 years ago.
getting 100K right now also is not a mistake assuming price may never touch this value (this is an possible option) but only if you have 10-20 BTC at least or if you live in country with low standard where 1-2 is enough.
so both options are good. accumulate as much as you can. such a chance comes ones in a lifetime. i am not sure most of us or all of us will see such opportunity as Bitcoin again. eventhough i am wrong grab the chance NOW!
getting 100K right now also is not a mistake assuming price may never touch this value (this is an possible option) but only if you have 10-20 BTC at least or if you live in country with low standard where 1-2 is enough.
so both options are good. accumulate as much as you can. such a chance comes ones in a lifetime. i am not sure most of us or all of us will see such opportunity as Bitcoin again. eventhough i am wrong grab the chance NOW!
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