Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
okthen
on 11/05/2014, 19:12:26 UTC
Now the problem is how to be able to invest when the coin is cheap.

No, forget about that. You told that you are already nearly fully invested. Keep the rest as a cushion.

Planning how practically to execute the sale of the bitcoins is also important. You cannot suddenly repatriate millions of dollars to your bank for example (the limit of "suspicious activity" may be much smaller such as $5k!).

I just posted a thread asking about this: I'm a very small owner of BTC, but when it is worth a lot I'll want to have some cash. What are the best countries to receive the money from exchanges?

Would withdrawing $1000 or so per day not be considered "suspicious activity" as well? I fear that even the smallest amount could be heavily taxed...

When Bitcoin is worth a lot, maybe you wont have to (want to) "cash out" any more? What do you think are the circumstances for Bitcoin to be worth say $100,000. I don't think it'd be sensible, maybe not even feasable, to exchange for cash since either everyone will accept BTC or noone will want any USD, or both.


I agree with you to a certain extent, and I would definitely never sell more than a small portion of my hodlings. For sure this would be the case if we're talking about btc stable at say $100.000. But there might be a much earlier bubble peaking at that amount, and maybe some money would be nice (even necessary) to survive meanwhile, before bitcoin is truly widespread...