Topic: Cashing out.... - page 3. (Read 5532 times)
I don’t see the signs that we are in the middle of a bubble that already ended a few weeks ago it seem this price is going to be the new baseline for a while unless a new hack happens or something that affect the price.
Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?
And what do you think is the support level at which the dust will settle? $800? $700? $600? $200?
It's a tougher ride when you're on the sidelines than when you're in the game. At least money on the table gets upside appreciation and if the price goes down you can just buy more at a lower price and bitcoin cost average your cost basis...average down as they say.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Oh so that was the reason of minor dump in recent prices of the bitcoins. By the way Whats exactly is the date of Chinese New year ?
For cashing out bitcoins, i am not interested and will be keeping them save for long term.
The first day of Chinese New Year 2017 is 28 January and it will last until 15 February 2018.
Their New Years Day always falls on the new moon between 21 January and 20 February.
2017 is the year of the Rooster.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Oh so that was the reason of minor dump in recent prices of the bitcoins. By the way Whats exactly is the date of Chinese New year ?
For cashing out bitcoins, i am not interested and will be keeping them save for long term.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.
The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back.
Price has actually increased (albeit not much) post the news.
I do not thing the Chinese exchanges collapsed, as what pooya87 said, the fake volume had been removed. So what we are seeing now is the natural trade volume of Chinese exchange. And i removing those fake volumes is beneficial to accurately see things on what is really happening in Bitcoin market.
I do not see anywhere that bitcoin price will go dip at this moment. And it has shown that the current floor is somewhere around $900+ for some days now.
you have your reasons, some posters here may agree or not with you, you need to be clear that despite you can find some good advices here, just the market trend, logs history of btc prices, the amount of sells and buys, and some news related can give you the answer you are looking for, its not easy, but the answer its just out there.
good luck, in what ever you decide
good luck, in what ever you decide
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.
The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back.
Price has actually increased (albeit not much) post the news.
there is no collapse anywhere!
what is happening with Chinese exchanges is that they have added 0.2% fee to their trades which eliminates lots of trades because of it being less profitable to short and also they removed their margin trading which also eliminates lots of trades so volume dropped down.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.
The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back.
Price has actually increased (albeit not much) post the news.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.
The market seems to have shrugged off the news about fees on Chinese exchanges, like water off a duck's back.
Price has actually increased (albeit not much) post the news.
Looks like Bitcoin couldn't break through $890 and seems to be slowly crawling back up. I remain cautious, with about 10% of holdings in fiat, 5% in NEM, 38% in ICN, and rest in BTC. While I think I can handle either a dip or a bull run, everyone likes to make money vs losing money 
I spent some of the money to see some friends in Nepal for 1.5 months, you can't beat going to the Himalayas and seeing good friends in the process, im keeping 80% as fait and watching the market closely and seeing what happens. I am also still earning BTC from my BTC freelance which nets me a total of 0.05 BTC/day atm anyhow!
Jacob
Jacob
Somehow to imagine going to Himalayas and meet friends sounds amazing, something that I am willing to do.
Nice purpose to sold your bitcoin, earning from your work and effort and no one can tell how to manage your own funds.
Moreover, sold 20% off was a good decision and total earning 0.05/day is fantastic in my point of view.
Well, my principle is never sell because of the price falling down but only if I don't have any money left to use (desperate, need money)
So, everyone free to do what he wants to, but panic sell is not an option because you will cause others to do the same thing.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Or there could be high frequency traders that can't trade anymore because of the fees, so they are cashing out.
BTW, the drop in price we are seeing now is just Chinese traders selling some of BTC to celebrate Chinese New Year.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
Price is not falling, there is no conspiracy behind this minor decline. After day or two we should see upward trend coming back.
I spent some of the money to see some friends in Nepal for 1.5 months, you can't beat going to the Himalayas and seeing good friends in the process, im keeping 80% as fait and watching the market closely and seeing what happens. I am also still earning BTC from my BTC freelance which nets me a total of 0.05 BTC/day atm anyhow!
Jacob
Jacob
Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?
Don't try to cash out your money there still a chance that bitcoin will be increase always be patience and evetything will be fine. Don't panic just because bitcoin price is decreasing i'll tell you what bitcoin price is normal compare last last year. the price really makes me cry when i remembered it.what are you talking about, last year was from $250-600, this is a higher price than pretty much the entire last year
Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?
Don't try to cash out your money there still a chance that bitcoin will be increase always be patience and evetything will be fine. Don't panic just because bitcoin price is decreasing i'll tell you what bitcoin price is normal compare last last year. the price really makes me cry when i remembered it. This is not time to cash out. Is the perfect time to invest in alts. If the BTC keeps going up, it will become expensive so people will try to gain money from alts. If BTC goes down, them people will try to cut loses with alts. So anyway i think the alts are now the best option.
I think there are some promising alts atm, ETH and Monero, monero in particular I have some holdings in. My concern with Bitcoin, is mainly the lack of utility because of the block size limit, unless that is sorted it will not handle much more TX volume which is needed for wider adoption and it became disheartening that no solution has yet been found, if it is not found soon some other solution may come up and take the thunder!
I did give HODLCoin a whirl too, i did not buy any as I was very unsure but mined aload and HODLed it, that one went to shit due to the hard-fork, but it was a fun time trying to increase hashrate via CPU mining the HODL algorithm.
Monero is good and I think a solid cryptocurrency with a good dev team.
Jacob
This is not time to cash out. Is the perfect time to invest in alts. If the BTC keeps going up, it will become expensive so people will try to gain money from alts. If BTC goes down, them people will try to cut loses with alts. So anyway i think the alts are now the best option.
the guy is just trying for attention, but i agree, or, even if people are on an exchange that does not let them withdraw fiat, they can start exchanging their btc and fiat within the exchange, some forget this option because they have no intention of pulling the fiat
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