Let’s say that Bitcoin’s price would go up to $500k in 2 years. What would you do? Would you sell?
I will not. Why?
  1. I wouldn’t sell my treasured asset before it has reached its full potential.
  2. BlackRock officially applied for a spot Bitcoin ETF, so everything it will be changed.
  3. As the price continues to rise, more businesses will begin to accept Bitcoin. We will no longer need to sell Bitcoin. Stores will prefer being paid in Bitcoin and even offering discounts for using Bitcoin. 
I am dreaming. Believe it or not in the increase of Bitcoin price, one thing is certain, the next bull cycle will be interesting. I believe something special is going to happen. It's time to HODL Bitcoin.
Sell to what? Why I would be interested in getting government toilet paper?
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Having understood the superiority of bitcoin as an asset I'd never trade it against any fiat useless paper...never ever
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Possibly, but I would not hold in fiat. I would immediately purchase property.
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No. I would continue to work, life a good life, stack as many sats as I reasonably can without sacrificing spending time with the people I love most doing things that bring me joy.
At that price, so many merchants would be willing to accept it so I would spend some as needed but I already have most things I need/want in life so really it would liberate my time to do things that I want to do and not just what I need to do in order to make ends meet.
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Perhaps buying food is a continue operation!
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You're on a lifeboat. The ship you are escaping from is sinking. Someone on the ship approaches you as the lifeboat is being launched, offering to buy your seat on the lifeboat. How much would you sell it for? For me, anyone who is planning to sell bitcoin at any price for US dollars (pieces of paper) doesn't understand bitcoin and was just an NGU tourist the whole time. I'm not talking about someone buying a house or paying off debt during a bull run. I.e. they needed to make those purchases anyway and chose to do it during an advantageous market timing. I am talking about anyone who would sell bitcoin into fiat without a concrete need of that fiat. I view the USD exchange rate as a siren call that will wreck many so called bitcoiners. You can read all about people selling gold or property during the Wiemar inflation, for example. With hindsight it should have been obvious to everyone what was going on. It should be obvious to us all now that the USD hegemony is doomed. (at least, the backed-by-nothing fiat version). 1 million pieces of paper is just paper. It's all monopoly money.
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Isn't the word "sell" synonymous with "trade"?
You're trading one thing for another. There is a buyer and a seller on both sides of every trade.
Trading Bitcoin for Fiat is stupid no matter the price. Just based on the properties of each.
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You're right. Sell or trade. Similarities...
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He didn’t explain it like that though. Of course, life is to be lived and we could/should trade our sats to get things or services. But trade them to hold an inferior form of money? Never.
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If I can figure out a way to do it without KYC, I would sell several times as it crossed points like 100k, 150k, 225k and so on.
As holders we should hope that other holders are in a responsible place financially. That means operating with an asset allocation scheme such that we sell on the way up and can buy when it falls.
If you have fiat and bitcoin, each time you go to buy something you should think which of these am I overweight on compared to my preferred allocation. This will naturally lead you to sell high and buy low. Easy.
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I'd sell some to cover expenses while I take some risks and do something new and exciting with my life. Maybe Bitcoin related even. A safety cushion if you will.
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Of course
I would continue to sell every dollar that came into my possession for the world's only sound money with great haste in 2 years at $500k, and every other permutation
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I would live from them
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might sell a little to pay off the debt i have, but i am hodling
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absolutely not
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If I need to buy something for my daily life and they don't accept bitcoin, I will sell. Otherwise, I don't see any good reason to sell, other than speculation.
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This really depends on how the rest of my assets do. Most likely I would sell some BTC and re-balance. "Don't keep you eggs in one basket" type of deal.
Another factor is if more businesses would be accepting Bitcoin. I don't agree that just because the price continues to rise means more businesses will begin to accept Bitcoin. However if more businesses accepted Bitcoin I would probably hold more of my net worth in Bitcoin.
Also I think focusing on the Price of BTC compared to USD is kind of harmful to the Bitcoin world. This thinking aligns with the rest of the cryptocurrency world, which is mostly a "get rich quick" type of mindset. At the end of the day Bitcoin has a lot of features that make it better money than all other monies, and it has the ability to increase freedom, and that is really what should matter.
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humans taking bitcoin to it's full potential is about as likely as zero point energy. Selling? I don't have much interest in that, but what exactly do you expect to spend in a bitcoin economy?
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