Would you sell your BTC for $100 000, and never go back to the game again? - page 5.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Lucius on December 13, 2020, 10:52:16 AM

Most have their own figures when it comes to selling BTC, and accordingly my question is: 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?

Voted Yes!

So far, i do have a hard time on earning or accumulating a whole bitcoin and if someone do tend to buy up 1 for 100k usd then i would definitely deal with that.

Basing on the agreement where you should never own again then i can deal with that yet $100k isnt something that i can earn in a short span of time.Lets say 5x the price would be
needed for bitcoin to reach up 100k which i do believe that it might really take for sometime and since we are just dealing with btc then
i will make some engagement towards alts.

Might sounds to be greedy but i cant just miss out that kind of opportunity.

2double0

legendary

Activity: 2618

Merit: 1105

I 'accidentally' voted for Yes without reading the whole question.

If someone offers me $100k for my 1 Btc at this point - Yes
If someone offers me $100k for my 1 Btc at this point and asks me to never own it again - No, never. Btc has been life-changing and I love the challenge of earning it rather than just go for a $100k deal 'except only when I have more than 100-1000 btc available in my portfolio already'.

ChrisPop

legendary

Activity: 2310

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Not your Keys, Not your Bitcoins

Of course not! What if Bitcoin becomes the world's mainstream currency and the main proof-of-value asset? I'm not willing to take the risk. Moreover I'm pretty confident that mark will be touched in the next couple of years.
Institutions are strong and putting a lot of buying pressure on the market these days.

shield132

hero member

Activity: 2254

Merit: 870

Quote from: Lucius on December 13, 2020, 10:52:16 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.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

I'm about to say yes and get out for real in the game. But if we talk about future and long term goals, we're at win with bitcoin and it can even surpass the given price of deal. If there's no condition of getting back of having it again, I'd definitely sell all @$100k. Tongue

But if I ever do and agrees with the deal, I'll invest into some other things but not as volatile as bitcoin but at least it will continuously me allow to earn from that profit that I've made. It's not gold or silver.

Becky666

full member

Activity: 756

Merit: 231

Candidly, i wouldn't accept such offer becasue of the future. We have just started a journey of a new financial revolution which will take the whole wide word into much height in terms of finance. Some of Bitcoin fractions am holding aren't much to sale for profit, so, for anyone to give $100k for the sake of me never to go back to where my passion lies; i will say a big NO, because i believe the future of Bitcoin is very bright and won't trade it for my reason or for any amount.

Josefjix

sr. member

Activity: 1176

Merit: 279

yes

Leaving it completely means, I'm restricted to teaching about Bitcoin, spreading the news that revolves around it, commenting on this Forum, hanging out with friends I have made in the journey of Bitcoin. Starting a new life all over again. That would be quite a boring lifestyle to live and considering the development of Bitcoin and how absolute it is going to surpass the offered $100k. I would rather wait and HoDL on to it as the person who is offering me the cash.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Lucius on December 13, 2020, 10:52:16 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?

This is a difficult question to answer because it will depend entirely on my circumstances at the time and as such my answer will change depending on them, however if I had to answer that right now I would answer positively since you are basically selling your coins for 400% above their market value so you are being paid nicely for the privilege, and since the condition is simply to never buy bitcoin again you could buy gold if you want a store of value or just invest in ethereum and other altcoins in order to still try to capture the growth that is coming to this market.

OROBTC

legendary

Activity: 2912

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...

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)...

btctaipei

member

Activity: 141

Merit: 62

Quote from: Asuspawer09 on December 13, 2020, 01:54:33 PM

But for some rich guy here Grin

I guess it would be the opposite since $100 000 per coin might just be a small amount of their savings and they could easily earn that amount.

Rich is relative. When BTC was $40 we thought of the same thing.
It was so tempting, but instead of selling we circulate (buy&sell&adopt).
Not 1 BTC was lost for the 7 years.

Asuspawer09

sr. member

Activity: 1638

Merit: 425

Cashback 15%

I think the best way to do it is to sell your bitcoin for $100 000 and then when the market price goes down reinvest some of the money for a possible another $100 000.

I guess for a poor guy like me Grin

I would take the bitcoin for $100 000 per coin or $100 000 and never go back because I could already start a good business or a passive investment like a real state that could never go wrong. Maybe it this happened in this year where bitcoin still have a lot of room for improving I might take it as a No, but if the 100k$ is its highest potential its a yes.

But for some rich guy here Grin

I guess it would be the opposite since $100 000 per coin might just be a small amount of their savings and they could easily earn that amount.

btctaipei

member

Activity: 141

Merit: 62

Sell you BTC @ any amount and never go back is a sin..

Beauty, wealth, fame means nothing.
honor and Eternity is.

assisting BTC adoption today. Give it away for worthy causes. You won't regret it.

for some it is impossible to sell all BTC. You know the risks. But by giving away and help adoption we can overcome evil all together.

Reid

hero member

Activity: 2912

Merit: 642

For someone near death, in debt, or have a bad sickness this will be a great deal and they will bite it without second thoughts.
But for young bitcoin holders that still have so much time in this world, they will just risk waiting instead of selling.
I say I will take the young side. Grin

(Although I am not that young anymore)

It's just difficult to imagine not going back.
You learned so much about it and letting it go will not be that easy.
Sometimes you even dream about it. Grin

kryptqnick

legendary

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I voted 'No' and I'm glad that it's the choice of the majority here. I hope it's not because $100k is not the right price, but, say, $1 million would work.
Even though Bitcoin is not greatly adopted as money for now, I think it's ideologically and practically useful to stay in touch and to have some BTC because it's decentralized and because it might become our future after all. So for me there's no right price to sell everything. I don't keep big amounts of BTC, I gain some and sell some regularly. I wouldn't sell it for fiat if I could use it directly to fulfil my basic needs in my city, but unfortunately that's not the case.

Upgrade00

legendary

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Professional Community manager

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?

I'll decline regardless of how much bitcoins I own.
A few years back when I had less understanding of how the Bitcoin network works I would have jumped at the offer, but now I believe Bitcoin would almost definitely hit that amount in the future and go much higher and during this growth phase there is an opportunity to accumulate more, so more profits; Even if I was here for solely for the profit I would still not accept the offer as it could prove to be less profitable than holding.

Of course it would be shrewd to also consider the cons of refusing; There are risks both on the market movement and your personal ability to securely hodl your coins. The Bitcoin space would likely change dramatically in the coming 5 - 25 years and enthusiasts would need to adapt to retain the qualities which attracted them to Bitcoin.

bL4nkcode

copper member

Activity: 2142

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Limited in number. Limitless in potential.

Why would I stop if I keep gaining profits from it? If this price reached, surely I would sell but I won't stop stacking, the price might dump after that year's ATH but it will pump again for sure for the next few years and that's the most awaiting and interesting part of hodling bitcoin.

BrewMaster

legendary

Activity: 2114

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There is trouble abrewing

i think it depends a lot on how much bitcoin each person has. it is so easy to vote no for someone who has a small amount of bitcoin like having 0.01BTC in total but it is an entirely different discussion if that same person had a much large amount like owning 50 or 100 bitcoins.

there is another matter which is timing. if this question was asked back in 2018 when price was going down and price was $3k then it would havc been different from now that the price is already on the rise and $100k is just around the corner!

mk4

legendary

Activity: 2786

Merit: 3845

Paldo.io 🤖

The easiest no for me. I'm planning on holding bitcoin up to the point that I wouldn't even need to sell(besides small amount of coins for bills and such assuming we still can't pay with BTC on stores at a certain point).

The only exception would probably be something like a family member in a critical condition and need a huge amount of money asap. Parting with my coins would suck, but carrying huge amounts of guilt til I die would suck a lot more lol.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

So selling my bitcoins for $100,000 each and never get into it again in my life? First of all, I have not 1 bitcoin, so I couldn't make a big profit. Secondly, this thing has just begun. I consider myself a lucky man that got into the game 10 years after it started. Last but not least, I choose to go with the HODLing way. And who knows, someday I may sell my bitcoins for more than $100,000 each.

bittreo

copper member

Activity: 70

Merit: 5

For instance, I can accept $100K as it a significant amount indeed. Besides, I can easily diversify that amount into Ethereum (majority) and physical assets like Gold or real estate. Real estate alone can give crazy returns within a short period of time (years) if picked carefully after conducting research.

Topic: Would you sell your BTC for $100 000, and never go back to the game again? - page 5. (Read 1032 times)