Currently at $190!
Quote:
Originally Posted by DWB
People only make money when they cash out. Just about everyone I've seen post on various boards claim to be long term for btc and are not actually cashing out, hoping it will continue to climb.
Having money in it is more or less meaningless until the day you cash out. So the better comment is, if you cashed out today you would have around an 80% return. Which is fantastic.
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I cashed out most of mine at $94, which I kinda regret now, but still made a great return.
And I still have some left, so not complaining.
Also, for those that do not know how it works exactly, there is a difference between withdrawing and selling the Bitcoins. You can sell your Bitcoins at any time at the current exchange rate, which is instant. You then have the value as USD in your account, so there is no risk anymore in the exchange rate going down. Your USD balance will remain as it is. You can then withdrawal it to your bank account(s) and other methods they offer.
So if you have 10K USD in your account and your withdrawal limit is 1K per day, you just withdrawal 1K a day for 10 days in a row, since you already have your balance in USD there is no risk in the amount going down if the bitcoin value happens to go down or something.