Post
Topic
Board Bitcoin Discussion
Re: So when do you "actually" plan to cash in your bitcoin? > or <$1,000,000
by
istake
on 21/10/2017, 12:03:39 UTC
Yes, we all want bitcoin to hit the $1 million mark, but do you plan to sell before then or even if it hits $1,000,000 would you really sell then? So the question is, have you thought about when you plan to cash in or don't you plan to cash out?

No one will sell BTC1 if it reach $1 Million, who have so much money to buy it? Maybe some companies, but it will worthless to spend so much money in one shot into bitcoin. People will sell small fraction of bitcoin, BTC0.0000xxxx and so on, average trading amount within $50-$100K. The question is; who can hold bitcoin more than 10-20 years? People tend to sell bitcoin whenever it reaches higher peaks and buy back in the dips.

Yes, I believe that is even better than just holding it. It will be worth A million to you before it is to everyone else that just holds it