Topic: Cashing out.... - page 4. (Read 5532 times)

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.

they want to whine about it first and have everyone beg them to stay, the wusses need to bail and leave the markets for those with the guts to play

You would be surprised by the amount of stupid people who hold big money/bitcoins/valuable assets.
To have 100k+ BTC you could be early adopter, many of these people were crazy individuals.

To all who are speculating that BTC will crash - if you are so worried and panicking already, then sell your toys and go home.

I Made more money buying coins than mining, and that is due to the electricity cost. If it were free it would be a diff story But as it happens...

So for most it is best if you want to make money to buy coins with fiat rather than chasing them with hardware as difficulty rises, unless power is cheap or free. That is what I did although i made a fair bit mining ETH with my GPU farm which is still mining ETH and shapeshifting it to BTC.

I am not saying I am right or wrong, but that I want to cash out and ride this out

Jacob

I like when people speculate and think they are right but you are not! miners with cheap electricity are in huge profits so they are selling what they are mining that pulls the price down but fortunately at the same time there is enough demand which is also growing rapidly that pushing the price up, look at these new mining farms popping up every day.
Only thing that could derive the price below $800 now is a 100k+ sudden coin dump, but I don't see or know any idiot with that kind of bitcoin reserve to dump because an idiot doesn't have 100k+ in the first place.

maybe china has banned residents from using VPN (they are already violating the basic law made by themselves #35 #36), residents and/or those operators are probably making some extension to bypass the internet censorship using bitcoin. unless the volume in chinese exchange sites are proven illegitimate, the current bubble is likely to be stable.

valued trader? I don't trade, I held for a long time XD

And Yes i posted an announcement of how I felt, just how many others post their speculations, i may be wrong or right, if you don't like it then don't waste your time reading

I have more to my life than BTC, but i just feel that now is a good time to cash out 80% of my holdings, what happens next is something im content with either way, weather I win or lose. Just like they say on would you rather

'no... no no no your not the gambling type are you? you prefer the sure thing?'

I do feel the market is entering into an uncertain time, and why I cashed out, but if you read my posts i said 'buy back in' if it dropped low enough, indicating i was not 'leaving' but cashing out into the british pound (GBP) to ride out this turbulent time.

Basically i make my decisions based on my research, not speculations and so far its landed me nothing but profit, this I am unsure on, and being unsure meant i cashed out to ride it out. Plus i am using some of the cash to see my friends in nepal as i have a good network of friends around the world from my travelling history!

Nothing is wrong with the currency itself, but it is interesting to see where it goes. I am not worried about becoming a millionaire either, when you cross into the spirit world, you do not take it all with you! No pockets in shrouds!

And btw:

" your friday night at the local pub is just a pathetic footnote in a life that will fade away with nothing to show for it" = I don't drink nor go to pubs, i travel.

"just like your ancestors and the offspring that i am sure you are soooooo proud of" = Ancestors = high flying nurse who worked hard, offspring = I am gay, so that ain't happening! So ends the gene line!

And sure, if your there to make money you go and do it, its entirely up to you what you do with your funds. Just take your negativity elsewhere

being a drama queen is the fact that you think you have to share this horrible loss of a valued trader, that is sarcasm.  just stop trading and stop caring to let people know about your life.  we are not here to give a shit what you do, we are here to actually make money and help each other to do so, and real money not some nickle slots grandma's fortune at vegas.  you are not special, you and your views and not needed and leaving does not require an announcement.  here, when we attend an occasion, they announce our arrival, that is what happens when life is good enough to share with others.  your friday night at the local pub is just a pathetic footnote in a life that will fade away with nothing to show for it, just like your ancestors and the offspring that i am sure you are soooooo proud of.  try facebook, they seem to care about the little people, take a picture of your morning breakfast and share it with them, you will feel right at home.

I am up £15k GBP so am not complaining at all, not stopping me using BTC for my business transactions for my freelance work with my clients, but cashed out my BTC holdings while £15k up, just not getting greedy. Not being a 'drama queen' just realistic and not greedy, i started this entire thing with barely £2k and ended up with £15k in two years, that is not bad going at all and thats the thing, you can keep gambling hoping for bigger returns, or there comes a time where you pull your 'winnings' and call it a day.

What i do want to see as i continue to conduct business in BTC is less volatility and more practical utility with it. But two of the above posts are exactly the problem with Bitcoin, the arrogance and feeling of being infallible, if the 2008 crash is anything to go by, even bricks and mortar were not infallible!

let the wimps go, you sound like one of those that had the sense to get in and stick in.  i bought my first full btc at $79, and have packed wallets with newer alt coins that met the specs and hit 0.006 or 7 the next day.  if they can't hack it, then hack them.  it is a hard life and there are plenty of cardboard boxes for the homeless.

It did drop a bit today but not enough to say that you want to cash out like you do when you are at the casino.
This is not a quick game of slots.
If you are in it for the long haul then you won't give up that easily when the price is not what you want it to be right now.
Just stick by it and you will reap more rewards in the long run.
Trust me!

BYE! it is best that if you cannot handle the markets that you simply go away, rather than trying for one last drama queen thread.  the fewer people that have no idea what they are doing in the market, the better.  it is the loss of these penny traders that reinforce the markets for those that put real money into the flow.  rumor chasers and drama queens deserve the door and please, do not come back.

well being 15k up i made the best decision for me I think, i have become disheartened with the lack of progress re the block size debate, the endless greed of many (not all) invested in Bitcoin, pand being your average person on an average income, I will pocket 15k and then just watch from the sidelines, if it rises and i end up being wrong then so be it as im happy with 15k, if it falls low enough, then i dodged a bullet and will buy in for the inevitable rise. What Bitcoin needs now is not more useless speculation and trading, but actual utility as a currency, or it will be surpassed. We can only stay at 1MB blocks for so long.

I have high hope for Bitcoin, but not many people using it who just see it as an avenue for quick profit and not an actual currency. Many care about Bitcoin too, but many more seem to not give a rats ass about it and as such this block size debate has gone on and on and on and its disheartened me enough to make me want to cash out, because i just think like the US housing bubble, its all hot air and speculation, unless we get some actual utility and solutions i do not see how the price can go 'to the moon', if we implement a good scaling solution then i can see how that is possible. I have been invested in BTC for 3 years, and my decision to cash out is mainly riding upon the fact that not only have i ended up with money i could only dream of, i am amazed that two years on, this block size issue has not been solved, still the same old debate! Of course everyone is entitled to their own views, and mine may come across very strongly, but what BTC needs is actual utility, adoption, and ease of use as a currency and the ability to handle TX volumes of a currency. Or it will take it's place as digital gold, not a currency, which is fine too.

Depends on how many coins you are talking about.
If you have a couple Bitcoin you might as well hold since even if it drops you are only losing a couple hundred dollars/ euros at most.
If you have hundreds or thousands of BTC you may want to sell 25-50% if you think a big drop is coming, or move some into Altcoins.

It's up to you to sell or not, but I think that you have made a profit or you need the cash now otherwise you would hold (that's what I would do) but bitcoin for a while now is ~$900 which is not bad it can be worse or it can be better but unless you need the cash I wouldn't sell them. I don't think that the same scenario of 2013-2014 will happen now because now is another time.

Probably, I also think there are more chances for the price to go up. In my analysis, Bitcoin is certainly close to the bottom price, and trading in this price range brings greater risks.

It is possible that the price will fall, but we will hardly see it in the $ 850 range again. I think the odds for this to happen are very low, especially due to the fact that Bitcoin is receiving a lot of support in the market recently, and the current price was not the result of a quick pump, but it was a result of real demand and good market conditions for this to happen.

Son't get in touch with your emotion in the price of bitcoin instead focus on trading it don't get panic on selling your bitcoins in the end bitcoin will increase again its part of bitcoin to those people who are really in trading industry to make profit as well.

Cash out 5-10% of your holdings for a quick profit, then buy back if it drops to 600 again.

Well, i cashed out 25% of my total coins. if the price falls i'll buy it again lol. it probably won't fall, the price will move up!