$32,300 --- How much $$ I sunk into bitcoin since Oct 2013 - page 2.

chesthing

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Quote from: oblivi on June 12, 2016, 06:44:41 PM

You can get out now, and get 30k which is nothing, or hold long term, retire bigtime, and don't have to look back at this thread with suicidal feelings.

Since when the hell is $30k usd nothing? you are either a fucking asshole millionaire or a fucking idiot to make such a comment. $30k is a hell of a lot of money for most people.
OP - don't throw more money at this - you have a cast iron stomach to hold for this long, either sell it or keep holding but don't buy more is my advice.

Dafar

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Quote from: btcbug on June 13, 2016, 08:35:01 AM

Just keep holding man. You obviously have the stomach for it. If you think about it, right now is the safest time to be holding Bitcoin since it's creation. It's overcome so many obstacles and confidence is growing, hence the rise in price. $5000 - $10000 per Bitcoin is much more likely in the next 5 years than $500.

That being said, you might want to have an exit strategy where you sell a pre-determined amount upon each price level achieved. For example you sell 5 BTC at $1000, another 5 at $3000, another 10 at $5000, etc. But always keep a nice percentage with the intention of holding it for 10 - 20 years because if Bitcoin even gets 1% market that Gold has, each BTC is worth something like $30k!

Thanks, and I agree with you that bitcoin survived many obstacles and my confidence in it is as high as ever

Dafar

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39,564.00 USD now-- 20.54% ROI

Quote from: chesthing on June 13, 2016, 08:21:48 AM

He hasn't reaped much profit, did you read his first post?
OP, I don't know how you managed to hold this much this long, but my guess is if you did that you will continue to hold basically forever.

Because I was stubborn and I would not accept losing money by selling. I thought that as long as BTC didn't die, and as long as I held, I still had a chance to recover. There have been times where I got really scared when we went to $200--- I was down 80% at that point, but I was too stubborn to lose that much money so I just forgot about it and kept holding.

I don't know how long I will hold now... but I feel like this rally has more steam. I would love to hold until $2000/btc if that's possible

btcbug

sr. member

Activity: 399

Merit: 250

Just keep holding man. You obviously have the stomach for it. If you think about it, right now is the safest time to be holding Bitcoin since it's creation. It's overcome so many obstacles and confidence is growing, hence the rise in price. $5000 - $10000 per Bitcoin is much more likely in the next 5 years than $500.

That being said, you might want to have an exit strategy where you sell a pre-determined amount upon each price level achieved. For example you sell 5 BTC at $1000, another 5 at $3000, another 10 at $5000, etc. But always keep a nice percentage with the intention of holding it for 10 - 20 years because if Bitcoin even gets 1% market that Gold has, each BTC is worth something like $30k!

chesthing

legendary

Activity: 1414

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He hasn't reaped much profit, did you read his first post?
OP, I don't know how you managed to hold this much this long, but my guess is if you did that you will continue to hold basically forever.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

congrats on reaping this much profit in this time frame..i suggest you to take some profit from it and hold on to the rest till halving.it is just following the usual trend when it comes to halving ,hope the price keeps on increasing.

Kramerc

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Quote from: Dafar on June 12, 2016, 02:05:47 PM

Now it's worth ~~$36,170~~ $38,248 ...... what should I do now?

Take my profit and run before I fall back in red? Or would it be foolish to leave after all these years

I'm in a similar situation and I've decided to sell here and there to recoup around 35-50% of my initial investment. I hate to sell bitcoin (if I didn't, I'd have a considerably larger amount by now), so this is tough for me, but it gives piece of mind and makes the next decisions much easier to take.

For instance there could be a panic dump any time during the rally, a great moment to buy back what you sold and some extra profit. You'll also feel better about buying, not afraid that you're buying the top.

Good luck.

afbitcoins

legendary

Activity: 2101

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I bought lower than that and not selling any for quite a long time yet, happy with the amount I have and have no need to sell.

I think this move might be similar to the spike up to $500 a few months ago but starting at a higher level. I think the real bubble when it hits maybe next year or year after will be breathtaking.

xDan

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ヽ( ㅇㅅㅇ)ﾉ ~!!

Quote from: Kprawn on June 12, 2016, 03:14:28 PM

Do what I did... I bought low and sold high until I recouped my initial investment.... the rest is pure profit now, so I have virtually no risk after I reached that stage. The initial investment has been withdrawn, to

prevent me from investing more. Even if the Bitcoin price tanked to $1 now, I would still not lose a single sent of my own investment. Grin

.... I bought a major chunk when it was at the $200+ price per

This... sell half when it doubles.

OTOH, I did that and regret it because I could have double the coins right now. Angry

It was still the sensible thing to do at the time though, when I was risking my little savings.

It really all depends on how much you can afford to lose that $32K. If you can survive without it, then HODL strong. Can you wait 5 years for the hookers?

MatTheCat

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Activity: 840

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Quote from: Dafar on June 12, 2016, 02:05:47 PM

Now it's worth ~~$36,170~~ $38,248 ...... what should I do now?

Take my profit and run before I fall back in red? Or would it be foolish to leave after all these years

Break even, and hold the rest and see where it goes.

hermanhs09

hero member

Activity: 574

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Quote from: alani123 on June 12, 2016, 04:17:49 PM

Liquidate whatever portion makes you feel comfortable if you need some cash.

Great advice but keep in mind that bitcoin prices may not come down from this high for another few months and if you get out of the market early you may regret your decision later.

But again, as you said, whatever comfortable for you.

Cyaren

sr. member

Activity: 294

Merit: 250

Quote from: Dafar on June 12, 2016, 02:05:47 PM

Now it's worth ~~$36,170~~ $38,248 ...... what should I do now?

Take my profit and run before I fall back in red? Or would it be foolish to leave after all these years

I think you should consider measuring your holdings in bitcoins instead of in USD or any other fiat figures. Fiat is extremely inflationary and should not be considered as a good store of value.

At least hold it till a few days before halving, the price will be higher, trust me.

Dafar

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Quote from: oblivi on June 12, 2016, 06:44:41 PM

You can get out now, and get 30k which is nothing, or hold long term, retire bigtime, and don't have to look back at this thread with suicidal feelings.

Hmm... Interesting. How long is long term? I want to take trips, smash hookers and do blow while I'm still young..

oblivi

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You can get out now, and get 30k which is nothing, or hold long term, retire bigtime, and don't have to look back at this thread with suicidal feelings.

ghost15

sr. member

Activity: 392

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we are still here and we will stay forever.

Quote from: Dafar on June 12, 2016, 02:05:47 PM

Now it's worth ~~$36,170~~ $38,248 ...... what should I do now?

Take my profit and run before I fall back in red? Or would it be foolish to leave after all these years

I suggest you do as you have done since 2013.
no other suggestion is useful for you because bitcoin is part of your daily and even courses in your veins.
with such experience you should know what to do better than most of us.
As the bitcoin is done Traded he will always have benefit.

gentlemand

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Welt Am Draht

Quote from: Dafar on June 12, 2016, 05:55:57 PM

I'm wondering if I should use some of it to increase my bitcoin portion.

And that's the attitude that professional whales depend on to make money from others.

Patel

legendary

Activity: 1321

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Put a mental stop loss at $32,300 and hold it until it hits that.

Dafar

legendary

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dafar consulting

Quote from: alani123 on June 12, 2016, 04:17:49 PM

Liquidate whatever portion makes you feel comfortable if you need some cash.

I don't need the cash though.... I have extra cash just sitting in my bank acct and I'm wondering if I should use some of it to increase my bitcoin portion... but I'm also afraid of being red for another year if by some chance this rally pops as soon as I get in

Syke

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Quote from: gentlemand on June 12, 2016, 03:48:10 PM

Old thread with some quaint expectations but worth a read if you haven't read it already - https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065

Which is a mostly-good plan. I disagree with this detail:

Quote from: rpietila on November 24, 2013, 10:49:43 AM

I don't advice to buy back.

When the price drops, buy back more than you sold. It's win-win!

alani123

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Leading Crypto Sports Betting & Casino Platform

Liquidate whatever portion makes you feel comfortable if you need some cash.

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