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Topic: damn... just sold all my btc for 8.7 and now it's 9.5 (Read 3380 times)

legendary
Activity: 2338
Merit: 2106
Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

He can't. Wasted all his money on drugs, women, and booze.



"I spent 90% of my money on women, drink and fast cars. The rest I wasted"
george best
sr. member
Activity: 516
Merit: 283
He can't. Wasted all his money on drugs, women, and booze.

and that's a bad thing... how?
sr. member
Activity: 448
Merit: 250
Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?

He can't. Wasted all his money on drugs, women, and booze.
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

Sold all?  As in, 100% of your holdings?  Do you have any intention to buy in again (or mine)?
member
Activity: 79
Merit: 10
we grave diggin now
full member
Activity: 143
Merit: 100
Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.

You win!!!1!one  Tongue
newbie
Activity: 29
Merit: 0
Oh man, this thread is hilarious... I sold all my BTC a few months ago for roughly $225 each.
legendary
Activity: 1050
Merit: 1000
You are WRONG!
i did buy a 8.7 Tongue
hero member
Activity: 938
Merit: 500
CryptoTalk.Org - Get Paid for every Post!

Selling BTC for dollars or buying goods with them is the same thing when it comes to the effect on the bitcoin price, because all traders immediately sell the BTC they get. So you'll crash the price in one way instead of another.

That is an inaccurate assumption.  Many traders hold onto their bitcoins or trade them for other goods.
legendary
Activity: 1022
Merit: 1001
Your up now  Grin! This will be one epic rally folks.

I think its a bit premature to be calling that.

The underlying indicators just arent there atm and in fact even $10 is standing on a very thin sheet of ice.

Though I do agree that when the rally comes it will in fact be quite epic.
legendary
Activity: 1764
Merit: 1015
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...
Not everyone is a miner, and everyone including miners will sell if they think they're not going to be able to get anything for them later.
And you are obviously a self-promoting miner who is trying to manipulate public opinion to suit his own interests, just like many others in this thread are trying to manipulate public opinion to suit their own interests (especially that Edward50 or whatever guy whos EVERY post is about bitcoins falling !)...
And if you want to help miners, you can just quit the business ! The less miners there are, the lower the difficulty and the more they earn. So if you're such a self-sacrificing miner-crusader, go jump off a cliff for the good of other miners !  Cheesy  Grin


I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.
Electricity costs now don't matter if you believe bitcoins will be a lot more valuable in the future.
Sounds like you want people to sell their money at a huge loss, so YOU can gobble them all up Smiley.
member
Activity: 84
Merit: 10
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...
Not everyone is a miner, and everyone including miners will sell if they think they're not going to be able to get anything for them later.
And you are obviously a self-promoting miner who is trying to manipulate public opinion to suit his own interests, just like many others in this thread are trying to manipulate public opinion to suit their own interests (especially that Edward50 or whatever guy whos EVERY post is about bitcoins falling !)...
And if you want to help miners, you can just quit the business ! The less miners there are, the lower the difficulty and the more they earn. So if you're such a self-sacrificing miner-crusader, go jump off a cliff for the good of other miners !  Cheesy  Grin


I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.
Electricity costs now don't matter if you believe bitcoins will be a lot more valuable in the future.


Now what would happen if we all just held the fort down, and instead of exchanging our Bitcoins for dollars or euros , we spend them within our growing community https://en.bitcoin.it/wiki/Trade,
Selling BTC for dollars or buying goods with them is the same thing when it comes to the effect on the bitcoin price, because all traders immediately sell the BTC they get. So you'll crash the price in one way instead of another.
full member
Activity: 168
Merit: 100
Your up now  Grin! This will be one epic rally folks.
Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...

I've stopped mining at $15. At that price and difficulty I can only make $3 after electricity costs. That's with almost 1 GH/s, too.
legendary
Activity: 1764
Merit: 1015
Your up now  Grin! This will be one epic rally folks.
Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.
I don't think the miners will ever sell for a loss you are crazy. Most miners are barley breaking even at $8...

EDIT:
Lets thump everyone back to reality. The majority of this community consists of miners who have invested their time and money into this project. Vultures who have nothing better to do, or are to dumb to produce the same results we do want nothing more than to make us all go crazy, so we can sell our Bitcoins at ridiculous prices. Now what would happen if we all just held the fort down, and instead of exchanging our Bitcoins for dollars or euros , we spend them within our growing community https://en.bitcoin.it/wiki/Trade, You can literally find anything you want on that list, and believe me there are many many more services coming soon.. What do you think these speculators will do then when Bitcoins are a hot new commodity? They will drool over the coins thats what... I have heard some very good ideas, and there are some very smart people working behind the scenes to bring you some of the services that will make Bitcoins the currency that it was always meant to be. Much of this needs to be simplified that's true, but don't insult our intelligence by telling us that we have to sell our coins at an obvious loss. That sir simply is not going to happen.
member
Activity: 84
Merit: 10
Your up now  Grin! This will be one epic rally folks.
Nope, I'm thinking it will hover around 10$ for a few days. Even then the longterm bottom may not yet be reached. It may drop to 5$ before starting another longterm rise.
legendary
Activity: 1764
Merit: 1015
Your up now  Grin! This will be one epic rally folks.
member
Activity: 84
Merit: 10
day trading is hard on the heart.
Since finding about bitcoins I have gained a new understanding of why most stock brokers gulp down pills against stomach acid and pay expensive shrinks...  Undecided


The downward trend started at roughly 14.50.
It started at 17 actually... Or 20 if you wanna go further back. I bought at 16.9 and sold for less later.
full member
Activity: 168
Merit: 100
It's ok.

Think about the volume of sale trades that also occured at 8.7--you're not alone.
full member
Activity: 224
Merit: 100
The downward trend started at roughly 14.50. I think someone tried to corner the market. Now they are going to hold the coins going up to probably 20 before they sell. I'm thinking about 10 days from now it will be there.
sr. member
Activity: 476
Merit: 250
moOo
Quote
Which is, I'm here for the long term

good for most trading..day trading is hard on the heart.

sell if you think bitcoin is over with, if you think it will die, otherwise just enjoy the ride, these drops are mostly meaningless to the long term outlooks.(which still could be good OR bad, but that's up for you to divine)
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