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odolvlobo

legendary

Activity: 4354

Merit: 3260

Quote from: Revolution on April 18, 2014, 06:40:31 AM

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

Asking strangers in a forum on the internet how you should invest your $3000 is very risky, and you are going to lose it. If you don't know what you are doing, then the best action you can take is to sell the BTC and invest the money is something that you are more familiar with.

Kiki112

full member

Activity: 196

Merit: 101

the price will eventually come back to 1k

probably before the end of this year..

depends how hard do you need the money etc.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

funny responses here, but nobody gave you the correct one. now is the great time to buy! you only have 6, buy at least 4 more on a dip, you can thank me later. or don't, but remember this bit of wisdom:

buy low
sell high

high as in after a rally.
low as in after a crash.

simple really, but I'm surprised daily how many people fail to understand that and chose to remain broke.

Wilhelm

legendary

Activity: 1652

Merit: 1265

If you can afford to loose the money then I would hodl for 3 to 5 years and see where this train goes to.
This is one of those few times in life you get to make it big, no lottery ticket or casino table can give you better odds.
I myself am not selling before I can buy a big house for my double digit bitcoins. Sounds crazy, but I like crazy Cheesy

I also fully accept the fact that I will probably end up with $0.

anu

legendary

Activity: 1218

Merit: 1001

RepuX - Enterprise Blockchain Protocol

Quote from: Revolution on April 18, 2014, 06:40:31 AM

I have a question.

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

If you lose faith because of MtGox you did not understand anything about Bitcoin. MtGox was a centralized institution based on trust in people you have never met. Just like any bank. Just like your government. Just like the central bank who for some unfathomable reason you do trust.

Every centralized institution will fail, just like MtGox did. And in a very similar manner.

bitcoinsrus

hero member

Activity: 518

Merit: 500

Quote from: odolvlobo on April 18, 2014, 04:07:07 PM

Sell it all. Regardless of what happens to the exchange rate, at least you will be able to sleep at night.

odolvlobo

legendary

Activity: 4354

Merit: 3260

Sell it all. Regardless of what happens to the exchange rate, at least you will be able to sleep at night.

hodlmybtc

hero member

Activity: 700

Merit: 500

Selling now would be stupid imo, you will regret it in 1-2 years.

The gox stuff is in the past and all the China FUD is already factored in the price, also don't let the USD price affect your emotions.

MrBea

sr. member

Activity: 242

Merit: 250

Bitcorns

But seriously...

The only mistake you can make really is to sell too early.

MrBea

sr. member

Activity: 242

Merit: 250

Bitcorns

Horde. Hodl.
Horde. Hodl.
Horde. Hodl.

Sell buy sell then hodl again.

atp1916

legendary

Activity: 854

Merit: 1000

China's exit must be priced into the market.

So far, there is only 1 big exchange left to go over there: BTC-China.

Once BTC-China's exit from the market is figured in and people are over it and by extension China in general - you will see that long-term upswing recovery. No rockets, just a nice little curve up over time.

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: Revolution on April 18, 2014, 06:40:31 AM

I have a question.

I currently own 6 BTC. I am wondering if I should sell or wait. Do you guys think the price will ever come back up? I keep thinking it will and then it crashes... with mgtox and all this stuff going on I am losing faith.

Wait, hold... This year it will raise to above $1000.

superresistant

legendary

Activity: 2142

Merit: 1125

Never go back to FIAT. Invest them, trade, buy stuff, ...

jparsley

sr. member

Activity: 266

Merit: 250

U can sell half now and buy back if price falls again

mprep

global moderator

Activity: 3766

Merit: 2610

In a world of peaches, don't ask for apple sauce

Quote from: gagalady on April 18, 2014, 08:11:59 AM

Quote from: ?? on ??

Quote from: mprep on April 18, 2014, 07:23:42 AM

I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

hmmm ok, once it hits over 550 I will sell half.

Yes you could do that. But i thought people are expecting more from bitcoin. Like what's the point for waiting till bitcoin goes up $50-$60 and sell your half (3 bitcoin) and make only $150-$180? Usually people who have alot of bitcoins just wait expecting that it will double in long term. And in your situation you wouldn't make much manipulating with 6 Bitcoins. What's your point? To Buy/sell bitcoins to make more of them or you just want to sell because you are scared to lose few $100's dollars?

Well, most are expecting, however to make sure you won't lose all in case some horrible thing happens to bitcoin, you have to withdraw some while leaving some when BTC hits 50K Cheesy

.

Paashaas

legendary

Activity: 3463

Merit: 4429

Hold youre 6 BTC untill the next ATH, sell all ore 50% and buy youre coins back at low and repeat.

gagalady

legendary

Activity: 938

Merit: 1000

Quote from: ?? on ??

Quote from: mprep on April 18, 2014, 07:23:42 AM

I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

hmmm ok, once it hits over 550 I will sell half.

Yes you could do that. But i thought people are expecting more from bitcoin. Like what's the point for waiting till bitcoin goes up $50-$60 and sell your half (3 bitcoin) and make only $150-$180? Usually people who have alot of bitcoins just wait expecting that it will double in long term. And in your situation you wouldn't make much manipulating with 6 Bitcoins. What's your point? To Buy/sell bitcoins to make more of them or you just want to sell because you are scared to lose few $100's dollars?

mprep

global moderator

Activity: 3766

Merit: 2610

In a world of peaches, don't ask for apple sauce

I'd keep half and sell half in the coming days when the price rises up. When the price rises up to 1k sell half of what's left and keep the 1.5 BTC as a long term investment.

Revolution

full member

Activity: 140

Merit: 101

Trading BTC, looking for amazon cards

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