Topic: Cash out or keep bitcoins? (Read 4646 times)
BTC will be back over $1k soon.
I think the price will go up with increasing difficulty of mining it (i.e. lower amount of additional coins added to the pool), as well as the increased attention it receives from the media (i.e more people buying it). It is however a very volatile currency. Especially with 'casual buyers' panic selling. You'll see lots of ups and downs. Best strategy IMO is to get yourself informed about trading strategies and apply them accordingly. There's a lot of profit to be made if you know when to sell and when to buy. Determining those timepoints is the difficult part, however 
But that's generally the case with trading.
But that's generally the case with trading. 
I've always followed the "never invest more than you can afford to lose" mantra so I will be holding. I would like to see what 2014 holds for us. All these news surrounding bitcoin will have an impact and it will be extremely interesting to see how the mainstream crowd reacts to bitcoin. I just like the ride if you ask me. Not really ingrained in these "to the moon" prophecies, just biding my time patiently looking at bitcoinwisdom tickers. It's fun!
keep bitcoins at least for 2 months, the price will be better, i think
I say stay in, once china finds a alternative to depositing there fiat money it will go up
Cash out one half,the other one keep and sell later(if its not urgent)
Ok, let me rephrase that: When do you start spending your coins? haha.
Any time you spend ANYTHING of value, you are reducing the total potential amount of bitcoins you could be holding (since that thing of value could have been exchanged for bitcoins instead) and are therefore indirectly spending bitcoins.
I'm hodling for the future. Will spendl when I can buy stuff I really want online or on the highstreet.
When they're worth 1 millon each or the dozen are worth a million total? Either way you might be waiting a while 
.
.True. That could be many months from now. I'm not sure I have that much patience.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
I got my dozen or so coins when BTC was going for $15 apiece. And I am going to hold them until they reach the 1 million mark. If that doesn't happen in the near future, then I'll give the coins to my children.
When they're worth 1 millon each or the dozen are worth a million total? Either way you might be waiting a while
.
I got my dozen or so coins when BTC was going for $15 apiece. And I am going to hold them until they reach the 1 million mark. If that doesn't happen in the near future, then I'll give the coins to my children.
Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.
Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.
Ok, let me rephrase that: When do you start spending your coins? haha.
Same answer
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.
Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.
Ok, let me rephrase that: When do you start spending your coins? haha.
cashing out? what does that even mean
bitcoin IS my currency!
bitcoin IS my currency!
Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.
Completely? Never! If you believe in the thesis of Bitcoin it will be the primary vehicle to store wealth in in the future.
As the undervaluation shrinks, diversification into other assets is prudent. I don't think we're there yet though.
global moderator
Activity: 4018
Merit: 2728
Join the world-leading crypto sportsbook NOW!
Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
Yeah, but the golden question is when do you cash out? You can keep holding for that highest price, but it would start crashing back down just as fast as it rose.
This thread is hilarious. 
In my opinion, cashing out has it's merits.
I look at it as "locking in" my profits, or locking in at a price.
Suppose you buy at $5.50 and the price goes to $6. In this market, one rich man's decision can cause that price to fall just as fast as it rose. Holding could mean losing an opportunity for a profit that you have evidence for in the present moment.
I often cash out at times like these to "lock in" my profit. If the price continues to climb, I can still hop back on board and lose out on the transaction fees. The hardest part about this is knowing when it is, in fact, continuing to climb.
Nonetheless, while I'm disappointed that I've missed some good climbs that occurred after cashing out (hindsight is always 20/20), I'll tell you one thing: It always hurts less to miss out on a climb than to miss the right time to sell.
"It always hurts less to miss out on a climb than to miss the right time to sell. "I look at it as "locking in" my profits, or locking in at a price.
Suppose you buy at $5.50 and the price goes to $6. In this market, one rich man's decision can cause that price to fall just as fast as it rose. Holding could mean losing an opportunity for a profit that you have evidence for in the present moment.
I often cash out at times like these to "lock in" my profit. If the price continues to climb, I can still hop back on board and lose out on the transaction fees. The hardest part about this is knowing when it is, in fact, continuing to climb.
Nonetheless, while I'm disappointed that I've missed some good climbs that occurred after cashing out (hindsight is always 20/20), I'll tell you one thing: It always hurts less to miss out on a climb than to miss the right time to sell.
Exactly!
Hello,
Bitcoin is simply a new form of payment for the future!
Any digital currency, proven, BTC, LTC, etc, will greatly increase your value!
Bitcoin is simply a new form of payment for the future!
Any digital currency, proven, BTC, LTC, etc, will greatly increase your value!
Here's the deal, there are websites that pay the current value in cash/gift cards for bitcoins. The bitcoin exchange rate is falling lately($7.1 USD to $5.5). What do you think is the best option is?:
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
1.Cash out now
2.Hope exchange rate rises
I'm going with option 2, as prices have been fluctuating A LOT lately?
Just opinions here.
Oh man. This is why I won't be cashing out any time soon. I'm excited for the future. Hopefully we don't hold on for too long and lose out lol.
Jump to: