Topic: $32,300 --- How much $$ I sunk into bitcoin since Oct 2013 (Read 2669 times)

Im in a similar position as op albeit with not anywhere near the same amount of money but enough that i wouldnt really want to lose. Id recommend just holding indefinitely , I plan to ouse bitcoin as a store of value and i think its a good one and can survive the test of time.

Depends if this is money you just play with.
If that is the case I would keep on holding.
Is the opposite the case then take your profits, or parts of it, and do what you have to do wit it.

Go leveraged long, OP, because YOLO!

convert to monero

I think its a lot of money, so we can talk easily about it, but its not ours. Its totally different when we need to decide for our own cash. This is like a huge money in my country, so I don`t know what would I do. It would be very hard decision to make.
I think btc can go up, and it would be a wise to wait a bit more.

But who says BTC is going to be a 'thing'?

Thanks partially to Bitcoin's history of artificial megapumps (this current one included), Bitcoin got way ahead of itself, and is now bloated and slow, and a nightmare to use for the purpose it was intended. In the past week, I twice tried to pay for my Trading View yearly subscription with Bitcoin. Twice, it failed. Once, due to Bitcoin's and Coinbase's clunky interface (I 'underpaid by a 0.0005 BTC, and this was too complex a problem for the system to deal with), the second time due to the network not dealing with the transaction before Coinbase's payment window timed out. In the end, I just fucking paid with PayPal.

I don't know a lot about the technical side of Bitcoin or crypto, but those who do know a bit about it (when they desribe it, my eyes just glaze over), suggest to me that Bitcoin might be in a spot of trouble some time post the halving. It is reckoned that a combination of the immense power demands, and the inability for the organic demand of the market to consistently pay a Bitcoin price which meets the minimum cost of production for many miners, will force those miners to switch off, as KnC have recently done, citing a minimum cost of production of $450 per BTC, as the grounds for their bankcruptcy. This in turn will seriously affect the already slow and overloaded network efficiency, which in turn will seriously affect investor's view of Bitcoin's viability as being thee major crypto currency.

Fwiw, one of those who seriously doubt Bitcoin's long term viablility, also believes that Bitcoin could just be on the verge of getting pumped well up into the low 4 figure digits (he believes that miners need to shoot for a min Bitcoin price of $1000, in order to keep the whole thing running). I don't know about that so much, but what I do know, is that the miner's who are engineering this pump, are doing so with the ultimate intend of engineering a great big burst of FOMO buying from the public, into which they hope to be dumping the literally tens of thousands of BTC they have been witholding from the market, in anticipation of this Halving Event. Of course, pumping a market in order to slaughter the public who inevitably like to come stampeding in at the last minute, is easier said than done, otherwise 'we would all be doing it'. It could well be, that the current economic/market climate, just isn't the right time to be pumping any high risk speculative asset. Equities across the globe are entering into a clear downturn. People like to argue that Bitcoin is a safe haven asset which trades inversely to stocks, but if u look at a Bitcoin/US equities chart for the past year, those two have traded in harmony, not inversely. On the otherhand, if the PBOC significantly devalue the Renminbi against the USD, then the Bitcoin Cowboys may get their FOMO public stampede pump after all......

......whatever the case turns out to be and whatever the ultimate upside target is, the only guarantee is that it will all end with a massive dump (hoarded miner BTC will ensure this), followed by a brutal crash driven by the same old FOMO buyers turning to full on despair mode.........and then we will see whether Bitcoin can maintain a high enough price to avoid half the network being switched off.

still far away from that i think, using crypto for all today stuff instead of fiat, need further development and time, 10-20 years, but there are no doubts that the increase of bitcoin will attract more people to crypto

Good to see that you're getting your investment back. It's really good always to see someone break even finally after all those years of waiting. However, I think it's not time to sell yet.

Halving is not here yet and there is more potential to bitcoin than right now.

it is a risk that you go in like this in the first place so now you have to continue your initial plan, nothing is changes. if you were waiting for this kind of profit then sell and enjoy the profit and never look back with regret if the price went to $2500 but if you want to continue waiting then again you have to wait and accept the risk and never look back with regret if the price went back to $570-$600

Don't sell now after all this time, selling now will leave you crying in a few months/years. You obviously are not dying to get the money so just let is sit and do its thing while the value goes up and so does your net worth

haha *agf*

   If you love your BTC, you should never sell. I just sold my a 3rd of my BTC today for fiat, and now I feel regret. Unfortunately, for me, I cannot buy them back since my other half has a rolling pin with my name on it if I even try.    My holdings were only 2 BTC though. So it's just chump change, I guess.
   I wouldn't sell some items of jewelry, either, even if gold went up to $10,000 USD.

Some off the people maybe invested in $ are not real for me. Your Money shouldn`t be worth that much. The dollar is a shame for the whole world and as the Same your lifestyle guys.
Bitcoin Price will decrease sometime and Eu/RU will splitt. This will also Fuck the Dollar and everybody can be happy on this forum to be invested (maybe). But in any case the Dollar should be worth as Yen, escpecially Canadians .

kindly regards

Hey thanks, good advice


Unfortunately, or fortunately, I bought another 4 btc today to make my total count a nice and round 60 btc. I have decent savings sitting in my checking account doing nothing so I thought I might as well risk some of it since I think we might be in the midst of a bubble. I know 30K is already a hell of a lot of money (now it's more like 35K) but I'm too fucking greedy I guess. But I think I will sit back now.. if I don't make decent returns during this run-up I will keep holding til the next one

Ah, so if someone is here it must mean they are trying to scratch pennies or rip somebody off. You are wrong, but I understand the thought - most people here are total scumbags.

Btc is good solid investment now , it isn't the crazy days anymore like when I first started buying btc.... For $3

You contradict yourself by even posting in a btc forum
If you weren't here trying to scratch up pennies like a little scavenger and posted this on some other general forum, someone might listen...... Maybe

So that's your answer, throw everything you can at it. Fucking moron. You probably have 1% of your net worth into crypto, but you want everyone else to make your non-risk into fortunes.
Anybody reading this - do not risk anything into bitcoin or any other crypto that you can't afford to lose.

It is already something. 7 years of something.  Tim Draper and WinkVii have millions tied up in bitcoin, and they're not selling. Fucktard.

WE DON'T KNOW IF IT WILL BE SOMETHING OR NOTHING YET DO WE RETARD? This is a risk, and the OP has $30k tied up in it - if bitcoin succeeds this is MORE THAN ENOUGH to make him rich - he doesn't need to throw more at it. Your reply to me is truly idiotic in my opinion, fucktard.

Probably the most idiotic comment, period.  

Chesthing, you do realize that in order for Bitcoin to still be a thing (i.e., major world cryptocurrency) now and into the future (5, 10, 20, 50+ years), forever moving forward, that not only will people need to buy it now, but they'll need to continuing buying bitcoin at any price, whatever exchange rate it is at atm?  You do get that, right??  Even at $20K+/btc, people like you and me will still need to be buying, holding, and using bitcoin every single day.

That is the whole point.  It is not a 'one time and done' thing.  A future-proof, deflationary currency doesn't work that way.  Average Joe demand has to continue to grow and bitcoin bought and used in the future too.  Otherwise it will die, because miners aren't just going to sell it back and forth to themselves forever.

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.

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

39,564.00 USD now-- 20.54% ROI



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

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!

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.

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.

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.

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.

This... sell half when it doubles.

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

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?

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

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.

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.

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

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.

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.

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

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

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

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


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

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

Then there are 2 options.

1 - Trade your way up to 70 Bitcoins which is achievable if you have enough trading skills.

2 - Anticipating on the after block halving dump. Keep holding till we are 1 or 2 days away from the block halving to secure profits, and buy back after the halving as the price will come down heavily.

I personally will go for option 2 to increase my coin count as I am not a trader.

I'm too greedy... I hate to see my bitcoin count go down. I have 56 right now but would have had 70 if I didn't fuck around. I want to go back to 70 and HODL

If I was you I would sell 25% of them to secure profits and keep the rest for when the price goes up even higher. I think there is much more room for growth in the price while we have the block halving infront of us.

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

If you are thinking to cashout just cashout 3870$ and save the rest of money and hold .
But my suggestion to you is to save money till halving the next PUMP will raise the price upto 700$ to 750$ and maybe more so holding is the best option for you , if you think that you will lose your money then cashout all .

I'm in a similar position regarding my own investment. I've close to doubled my money but I got into bitcoin for more than that.

For the first time though since I got in, around May 2014, I'm starting to ask the same questions you are here.....when do I get out.....

Don't forget that pesky inflation stuff. Bitcoin was supposed to laugh in its face.

How much higher??

If I re-coupe my initial investment I will only have $4K in bitcoin right now... hardly enough skin in the game to make a meaningful impact if bitcoin does indeed skyrocket

You'd be foolish to leave now, very foolish. Does 4000 USD change your life? If yes then cash in, if no then HODL until you see higher profits.

I would use a part to cash out (10%), then with every price 15%  bump sell 10% more. Until you got 80% sold.
That money is for the jackpot, while you profit from current rises

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

Bitcoin, so I am very much in the green now.   ... I will always keep some Bitcoin stashed away for the "Moon" price.  

You say this now. Just wait...

Fuck ethereum and fuck off ethereum shill

I would wait up until the halving, then move half to ethereum.

Hodl strong and don't consider selling a coin till were at least past 2k, you'll be a rich man, or woman. Personally this next rally I peg between 3.5k to 10k with a chance of rocketing past 10k to 20k in the cards : )

buy high, sell low

What cycle of emotions did you go through while you were underwater? Did it turn you into more of a believer as you tried to convince yourself of a bright future or did you start to seethe with resentment?

If you can afford to hold onto it, absolutely hold on to it.  You've obviously held on thus far for a reason,  and I think you'll regret it if you sell.  But I am not an investment advisor.   Lol

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