Topic: BTC Price Going Down :( - Should I sell now? (Read 1616 times)

I would suggest not to sell them right now. Keep it for the future generations:))

No don't sell now. If you believe in bitcoin then you should be able to see the massive potential for profit in the near future. Just have some patience.

Well really, do you really know what you know? What exactly do you know? Probably most of the things you claim to know above actually you don't know with any degree of confidence.

After all, one must understand that our entire reality is based on probabilities, as those particles that make up the atom cannot be fully described with complete certainty. The future depends on the present and to fully understand the present one must understand its constituents. In this way one should acknowledge the true uncertainty of everything that we assume is certain, in order to hope to make money in the markets.

Finally I actually said "wouldn't care" rather than "wouldn't be prepared". There is a difference.

If you're not prepared to loose money, you would never go into such a thing like bitcoin, right ?

The point with bitcoin is that it is high-risk, high potential gain.
I have no idea whether bitcoin will, one day, be a common currency.  What I know is that IF it is, it will be in a decade or much more from now.  And what I know is that IF it is going to be a common currency, its value will be much higher than today.
I know that the upper limit of bitcoin, if it becomes the *sole* money on earth, will be of the order of the equivalent of $ 3 million per coin.
I also know that this is very improbable not to say impossible.
But it could become a currency carrying, say, 1% of that, especially if some countries have problems with fiat.  Then that's still $ 30 000.- a coin.  I admit that even that is not very probable, but I wouldn't say, impossible.
I really like the idea of bitcoin.  But it is not because I like it, that many people will use it.  So I recon that chances are big that it will fail.

Now, if I give it 99% chance that it will fail, and 1% chance that it will reach $ 30 000.- in 10-15 years from now, then there's nothing wrong with betting on it at a price below $ 300.-

But if you are betting on something you give a 99% chance to fail, you have to be able to say to yourself that what you put into it, you essentially lost it.

Of course the numbers are hand-waving.  If I give it a chance of 90% to fail, I still have to tell myself that I lost that money.  But there's a 10% chance that I will get a lot back in 10-15 years.

I have more than enough money to live decently.  I don't care much about the rest.  If I take a small part of what is extra, and I "loose" that in bitcoin, I really don't care.  

Hold, its cheap cause its Christmas. Just wait until january and hopefully it recover back to $400 level.

Well only an idiot wouldn't care about loosing money.

This is why most investors loose. They don't think about what they're saying.

These threads.....
All the people that are asking to sell that have virtually no money in bitcoin.  Let's think about it.
Bitcoin goes down lets say $50.00 from $350 ish, you lost $50.00, big fucking deal.
You have one bitcoin, best case anything, worst case $0. 

Even your entry point was over $1000 for your one coin, if you cant take an $1000 loss (which anyone should be able to overcome as your car could cost 4x that to fix) than you should not be dicking around with bitcoin. 

310$ is still a nice point to get out.

Russia-USA war is on the door. Middleeast is boiling. What do you think it is going to be?

It is going down man. Prepare yourself btc >>>> 250$.

Soon.™

hey don't sell at lose .......hold it but don't sell it on lose

Welcome to Bitcoin!

You might want to read the white paper:
https://bitcoin.org/bitcoin.pdf

Sell at the bottom like everyone else.

Indeed.  I put some (not much) money in bitcoin for the *very long run* (15 - 30 years say).  It is a gamble.  I know that there's a serious chance that that money is wasted, but as one shouldn't put more money in it than one is REALLY ready to loose, there's no problem.

Actually, I bought some more bitcoin recently because I couldn't resist the temptation at such low price :-)  If I loose that money, I don't care.  I consider it already lost, as if I went to a fancy restaurant with it or as if I paid myself an expensive holiday with it. If it gets much lower, I will probably buy some more, again with money I will consider lost.

I just gamble on the fact that bitcoin just MIGHT be a really great kind of money one day.  Mainly because of my libertarian convictions.  I don't expect it to become significant before one or more decades if ever.  I think the basic idea is brilliant.  I think there is really a good use for it, especially in developing countries.  But I also realize that chances are big that it will remain a niche application, or will fail totally.

So the lower the price gets in the next few years, the merrier I will be.  And if ever bitcoin will become something great, I will have a great retirement. 

Why should you sell it?

If you are in need of the money, yeah, sure.
Else, my advice will be to hold on.

Never sell at a lower price than you bought for Bitcoin. I learned this lesson last year.

Selling now is not smart, keep the coins in your wallet.

Sell when people are happy, and buy when there is panic.

I think you have to have a little patience. Lack of patience can cause you losses. And trust a little more in Bitcoin

Coming to a bitcoin fanatic forum and asking if you should sell your bitcoin is like going to a timeshare convention in Las Vegas and asking the organizers if it's true that timeshares are a bad investment.

What do you think they're going to tell you? 

just hold it, store in cold wallet and keep it, it's risky but the opportunity upwards is much higher than the opportunity downwards, when people sold last year before going up they already regret now, if you sell now, you probably will have the same feeling...
just keep it

Keep it if you want to lose $300 more.

Inflation, hold.

Just wait it out for a few years. If you have more patience than the rest, the value will (probably) rise a lot.