Once upon a time, a man bought some gold coins. He held them for a few years until the price had greatly increased. He sold his coins for hundreds of millions of Zimbabwe dollars. He was rich, for a little while.
Eventually, one loaf of bread cost several trillion Zimbabwe dollars, but the man only had millions.
Welcome to New Zimbabwe, featuring your own local fiat currency.
Realistically? I would probable sell enough to rebalance my portfolio and reward myself with a nice present for my hard work. Nothing crazy. A new motorcycle. A round of new computers for everyone. Things that I won’t realistically be able to afford if I’m solely relying on my regular income.
I think there will always be a minimum amount of Bitcoin that isn’t for sale regardless of it’s dollar value. It might depend more on my life circumstances around the time it hits $200k as to what that amount is.
There will never be a time that fiat currency will increase in value over time when compared to Bitcoin. In other words, I will never liquidate my Bitcoin unless I see some other investment that I believe is better than Bitcoin or unless for some reason I need cash right now, in which case I would liquidate only that specific amount.
Bitcoin has been my savings account for years. I can spend some if necessary but I won’t sell. How could you trade the best money for the central banking cartel garbage. If you understand Bitcoin properly you never sell. Please read “The Fiat Standard” first.
Half of it. I’ll take my chances buying back in in the ride down the following year or two. If history doesn’t repeat, I can at least enjoy my new and improved digs.
I’m about 90% sure I’m going to sit on what I have.
Hindsight it’s always 2020 if I had sold what I had at the last all-time high or near it, it wouldn’t let me double what I had with the profit depending on when I bought Back. I’ve got a pretty nice position in the bitcoin miners so my plan is to see what I can make on those and that’ll make it easier not to be tempted to sell any of my bitcoin.
I’d sell a lot at 200K. Maybe keep half a coin or something… and when it eventually comes back down, I’ll rebuy. These ATHs don’t seem to be great at sticking, and I want to have the most I reasonably and comfortably can in the long term- not the short term.
That said, 200K isn’t a magic number, and there’s no magic number for me- it’s a matter of gauging the news cycle and the sentiments. I sold around ~60K/coin last ATH and rebought too early (~35K) but I’m still happy to have almost doubled in quantity. I’d be happy doubling again in the future! And maybe get myself something nice with 5% of the profits?
I would – I’m at a point in life where I like my job, like my condo, like my car – I’d be able to satisfy my long term objectives with this amount and it would only make my present that much easier.
I’d be able to pay off my mortgage, diversify into index funds, buy another condo in a city I’d like to spend several months a year (which I can bc of my job)
I’ve been holding and accumulating consistently for 6 years.
Once it starts dropping I’m selling, like millions of other users. This will make it drop faster and I’ll buy back in a year later when it starts going up
Rinse and repeat. I’ll be ahead of all you HODL muppets in 10 years
I’m looking for life changing money…that wouldn’t be it.
half
It’s not going to 200k from here. We’re going back down from $35k
I feel like it’s still undervalued at $200k
Once upon a time, a man bought some gold coins. He held them for a few years until the price had greatly increased. He sold his coins for hundreds of millions of Zimbabwe dollars. He was rich, for a little while.
Eventually, one loaf of bread cost several trillion Zimbabwe dollars, but the man only had millions.
Welcome to New Zimbabwe, featuring your own local fiat currency.
None. Targeting 1-2 million. HODL
I’d sell a couple to diversify my NW allocation percentage but keep holding most of it.
Realistically? I would probable sell enough to rebalance my portfolio and reward myself with a nice present for my hard work. Nothing crazy. A new motorcycle. A round of new computers for everyone. Things that I won’t realistically be able to afford if I’m solely relying on my regular income.
I think there will always be a minimum amount of Bitcoin that isn’t for sale regardless of it’s dollar value. It might depend more on my life circumstances around the time it hits $200k as to what that amount is.
Hmm… convert the hardest, most scarce asset/money know to man back into Fiat? Yea, that’s gonna be a no from me dog.
Damn. My weekly buy just started yielding a lot less sats.
There will never be a time that fiat currency will increase in value over time when compared to Bitcoin. In other words, I will never liquidate my Bitcoin unless I see some other investment that I believe is better than Bitcoin or unless for some reason I need cash right now, in which case I would liquidate only that specific amount.
Most people on reddit total wealth = $300.00
At that point I’ll grow out my hair and buy shampoo again.
At this point, Bitcoin IS money. It is your bank account.
Bitcoin has been my savings account for years. I can spend some if necessary but I won’t sell. How could you trade the best money for the central banking cartel garbage. If you understand Bitcoin properly you never sell. Please read “The Fiat Standard” first.
I would sell it all at 200k and buy back in at 600k
Half of it. I’ll take my chances buying back in in the ride down the following year or two. If history doesn’t repeat, I can at least enjoy my new and improved digs.
I would only sell to buy an cash flowing asset like real estate. And I wouldn’t sell more than 10-20%
I’m about 90% sure I’m going to sit on what I have.
Hindsight it’s always 2020 if I had sold what I had at the last all-time high or near it, it wouldn’t let me double what I had with the profit depending on when I bought Back. I’ve got a pretty nice position in the bitcoin miners so my plan is to see what I can make on those and that’ll make it easier not to be tempted to sell any of my bitcoin.
I would probably sell just 1 coin at that price. Pay off by car and house. Hold the rest.
I’d sell a lot at 200K. Maybe keep half a coin or something… and when it eventually comes back down, I’ll rebuy. These ATHs don’t seem to be great at sticking, and I want to have the most I reasonably and comfortably can in the long term- not the short term.
That said, 200K isn’t a magic number, and there’s no magic number for me- it’s a matter of gauging the news cycle and the sentiments. I sold around ~60K/coin last ATH and rebought too early (~35K) but I’m still happy to have almost doubled in quantity. I’d be happy doubling again in the future! And maybe get myself something nice with 5% of the profits?
Why sell if you can just spend and earn bitcoin?
Sell for a reason and not a price. HODL otherwise.
Buying
Not selling
what would the world look like if bitcoin is at 200k
Id trim
Im into bdsm so I wouldn’t but I would think about it
If you sell bitcoin, for any reason, you shouldn’t sell all.
I’ll sell when I can use it to buy a house post capital gains
Never. If you can hold this will be the purest collateral ever conceived
I would – I’m at a point in life where I like my job, like my condo, like my car – I’d be able to satisfy my long term objectives with this amount and it would only make my present that much easier.
I’d be able to pay off my mortgage, diversify into index funds, buy another condo in a city I’d like to spend several months a year (which I can bc of my job)
I’ve been holding and accumulating consistently for 6 years.
Sell for what? Fiat?
Unless you buying something else, paying off bad debt, putting food on the table, I don’t see anything that’s worth selling for.
Some
All? I wouldn’t sell any at $200k…not one Sat.
Probably trim a bit to you know ENJOY my life instead of looking at numbers on a screen saying “told you” and eating ramen.
I’d never sell all but would like to pay off cars and house but I wouldn’t wanna sell more than 20-30% of my stack to do so
Cash is trash, why would I want trash?
Once it starts dropping I’m selling, like millions of other users. This will make it drop faster and I’ll buy back in a year later when it starts going up
Rinse and repeat. I’ll be ahead of all you HODL muppets in 10 years
Would you chop your tree down when the fruits are ripe?
Your offspring will disown you, just don’t
It’s not for me. It’s for my kids.
HODL til I’m ODL.
Actually, I’m hoping they’ll be using the Bitcoin, so it never gets converted.
If btc goes up to $200k, no point for me to sell it anymore if I don’t need money urgently.
Depends on a lot of things. Cashing out $200,000 I keep what? 50%? What am I going to do with $100,000?
Would sell all.
Bro why would I sell a bitcoin, the scarcest asset ever invented, for a bunch of paper dollars that they print quicker than I can earn.
I would sell my GBTC. that’s exactly why I own it, to sell later with easy taxes.
Cold storage plan to never sell if possible
Lol. If it hits 12 million I’ll start considering. Until then, stack sats and hold.
Didn’t sell in 2017. Not selling then.