Topic: $236 - What BS - Selling OUT today! - page 2. (Read 7615 times)

Get out with 50%

Lol, hope you can realize what a stupid post that was.

BitCoin has brought out a TON of newbie to the world of stock/commodity investing and/or Currency investing (FOREX). Add to that the fact that BitCoin is neither of the two and therefore doesn't act or move like the above.

Why sell out ALL of your BitCoins?
Because if you think the price is going to drop you want ALL your money out to buy later on. Why would you keep a couple??? These aren't Comic books or baseball cards... they aren't going to get more valuable with age. If the price falls sell out soon as you are happy with the returns you will get. Holding on to them all the way to a bottom that is $200 lower than it is now is completely stupid EVEN if you think they will be worth $1,000 a month from now.

There is no way 'All these Noobs' are going to get wiped out
Well the people who jump in a day or two before BTC all of a sudden take a jump all the way to $35 again might get wiped out if they don't have a mobile app or something and keeping their eyes open. The guys who got in at $180 or less for sure won't get 'wiped out'... why? because they are watching the action and will prolly start trying to sell as well and if they don't well then they need to hold on to those BTC cause as I stated above they would NOT be happy with the return and would have to hope that BTC will return or go to $1,000 in the future.

The best thing about BitCoin... which is very cool and important compared to some other investment options (no pun intended) is you can only lose what you put in... you can't go negative or owe more. So only invest what you can afford to lose. People buying BTC on credit cards or loans etc should be willing to pay out those loans if BTC go far below what they purchased them for.

I sold enough to break even of what I initially paid. Maximum fiat loss = $0.

Even if 'fiat is trash' a loss is still a loss, no matter what unit of value that its denominated in, so it's nice to remove the risk..

Now if only my SDICE shares would stop tanking

If you made a profit, then you did right to sell. If it goes up or down from here it's not your concern, you're already on top

+1

Well, i guess the thing that I like about this thread is that it shows us a Bear paradigm shift. We are shifting from the old-school Proudhon-esque modus operandi of constantly calling tops and crashes "just another week... just another week..." constantly claiming bitcoin's a bubble, has no real use, is a ponzi scheme, etc.

Now the bears have undergone a perspective shift, it's "Bitcoin is great, revolutionary, sure, fiat sucks, I understand basic economics and theories of exchange of value now... BUT, it's going up too FAST, if it were just going up a little bit slower, I'd be more bullish. In fact, it has to go up at just the right speed. Too slow and I won't be interested in its revolutionary properties, too fast and I'll call it a bubble."

So it's like Goldilocks and the three bears. One bear has a normal graph with what appears to be the first half of a parabola (the kind of graph that scares proudhon), one is of a log graph, and one bear is in the corner hanging by a rope b/c lost all their bitcoins shorting @ 30 "It's going up too fast!"

So, we should be proud: Our bears are evolving!

By the way, lines on graphs 101 for all you paradigm-shifting bears: lines on graphs that go up don't have to (a) keep going up unsustainably, or (b) turn in the opposite direction. This is a false dichotomy / false choice fallacy. They can level out at a nice even range with minimal volatility once adoption + realized application is sufficient.

Same, cashed out enough to pay stuff off, and left the rest alone.

+1 I cashed out enough to pay any debts I might have and my rent for the near future. The rest- I'm holding forever.

Don't let the door hit ya on the way out.

I'm hanging on to be a millionaire!

I can't understand why anyone would ever sell out completely. If you think it's a bubble sell a few of your coins here and there or better yet buy something with them. Even if it's a more time tested proven store of value that's not denominated in fiat...ie gold and silver.

Fiat is garbage, the only good reason to exchange your precious cryptos for fiat garbage is if you have to pay bills/eat.

QTF. I was going a bit mental myself going around various forums saying 'can't you see? can't you see?', and now I realize I came across as the crazy bag lady wearing only one shoe.



Let it go. What will happen, will happen.

Then don't use it as a store of wealth, and or speculation on future returns.

If you use it for trade then $300 or $ makes no diff.

What we need is to have less spread and more volume then we can expect more merchants jumping in.

Being a bear at 2$ and being a bear at 200$ does not give equal chances. No matter how much people like logscales.

Bitcoin is the crack in the dam holding back an ocean of fiat.

drip...drip...drip...

Yeah, that does seem a good question. But I don't think he's being inconsistent. He seems to be saying he believes it's a bubble too.

Assume instead he bought 50,000 pairs of alpaca socks to keep bitcoin commerce healthy. At that point, one could ask him, if you really thought it was a bubble, why not have just exchanged the bitcoins to fiat and exchange back in when you think bitcoins pricing is healthier.

Just a thought.

The cool thing about parabolic break outs is that they go parabolic.

I have to ask: if you're concerned about Bitcoin's health, why didn't you spend your coins on goods and services instead of cashing out into fiat?  Serious question.

Well if thats the Case , then there is a flaw in BTC , if traders can destroy it
Right?

Time for another currency then ? how about something that cant grow in value ?
Or Even loses value Overtime ?

Would u use such a currency ?

Relax OP

The market is still Strong , we do have Pauses in the move up
Even Short sell offs , but the market Handles those selloffs quite
Good ,  no Need to worry for now

Its all looking good