Topic: Are all your friends telling you to cash out, too? - page 7. (Read 8419 times)
Everyone I talk to says this to me also, and I don't talk about Bitcoin all that much because it got tiresome watching and listening to peoples reactions. But they still know the price of BTC and are bringing it up and telling me to sell, LOL, yeah not happening. My one friend talks about Bitcoin with everyone, they were laughing at him for years after I brought him onboard in 2011, telling him to sell every couple dollars, now they all shake their heads and he laughs at them.
Heh, thats what they told me at $10. Good thing I listened!
Same. ever since it finally got back up to $10 people been telling me "Just cash out man, that's like X dollars dude!" And although I have cashed out a lot along the way, for a very low average price, that X just keeps on growing.
I've now stopped selling bitcoin for fiat. I will now only exchange bitcoin for goods, services, someday taxes? and other crypto-currencies if I think they have merit. (very happy that litecoin was able to gain against bitcoin while bitcoin has been gaining against the dollar.)
Heh, thats what they told me at $10. Good thing I listened!
Mine wont shut up...
I try explaining what bitcoin is, they think it's a "scam' lol. I don't get how that's possible when the currency is decentralized.
Anyways, I told them to buy a couple like me when the price was at $120 USD, and of course they changed the subject in like, 2 seconds.
It's so funny now that I compare what others say; I have come to a consensus.
In the world, there are only 2 types of people:
People who understand bitcoin
People who think bitcoin is an even uglier paypal
That's it, really.
"Why dont you AT LEAST cash out your initial investment?! You're crazy! So what if its 40% of your current balance, and you'll cut your coin count in half!!"
Me: You don't get it.
"Take out your initial investment and a little more as a reward for you"
Me: You don't get it.
"If you cashed out some now, you would probably make up for it in gains over the next week anyways!"
Me: You don't get it.
"There's got to be a specific number at which you are going to pull the rip cord dude!"
Me: You don't get it.
"What if it goes to zero?"
Me: LOL ...
Me: You don't get it.
"Take out your initial investment and a little more as a reward for you"
Me: You don't get it.
"If you cashed out some now, you would probably make up for it in gains over the next week anyways!"
Me: You don't get it.
"There's got to be a specific number at which you are going to pull the rip cord dude!"
Me: You don't get it.
"What if it goes to zero?"
Me: LOL ...
I have been mining since mid 2010. I spent as I wnet and reinvested in mining gear when BTC = $200. Insult to injury, I passed on my wife's endorsement to invest $1K when BTC was $2 
I could have been a millionaire but I did what was right at the time.
Now with a fist full of coins (<5 BTC) I hang on with grim determination for the $100K per BTC mark.
I could have been a millionaire but I did what was right at the time.
Now with a fist full of coins (<5 BTC) I hang on with grim determination for the $100K per BTC mark.
Less your friends know about your btc -> less headache for you.
I don't discuss whether I have any or not, just tech.
Mine wont shut up...
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So now I am hoping LTC will have the same succes,
There's a good chance it will. Keep hold of 'em. You could spend a little on some of the other up and coming cryptos if you can afford it. It's worth the gamble.
yep, we are either going to prove very smart or very dumb
I was one of those guys, If only I believed my brother in 2009...I would be rich today. So now I am hoping LTC will have the same succes,
I got a few jealous friends with all kinds of good advice. I've already profited from Bitcoin no matter what happens.
Chances are your friends don't know more about Bitcoin than the average journalist, so don't follow their advice, but your own gut.
Chances are your friends don't know more about Bitcoin than the average journalist, so don't follow their advice, but your own gut.
Hah, my buddy texted me last night asking if I still had my BTC, sadly I lost a bunch because of Mtgox bs, but he's jealous he didn't jump in either. If only it would hit 100k 
Hold on to it!!!
Hold on to it!!! global moderator
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Mine wont shut up...
Ignore them. Then wait for the cloud of smug you can float around on when they’re at $2000.
The peer pressure is too great!
Must retain balls of steel!
Must retain balls of steel!
It's the first thing they usually say when I tell them it hit 1,000
Mine wont shut up...
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