Topic: hold or dump? - page 4. (Read 3138 times)
HOLD!!! Son you have come too far now to let go!?! HOLD!!!
obviously, those who had coins when they were at $1100 should have sold. unfortunately, i was sitting on so many i could not liquidate them all cause i had no clue how to handle all the money. when coins dropped to $600 i figured i will sell a little here and there when i need play money. when the price dropped to $400 i said i will hold cause i had faith in BTC. now the price is in the $200 range and i'm debating if i should get out or stay in. there are three things on my mind that make me wonder if the golden days of BTC is over. the end of two silk roads, which was a major lightning rod for BTC and most are probably too scared to get back in that market. big companies taking over the mining game and squeezing out the little guy. the cost and power requirements needed for hardware cause the big guys have increased the difficulty by astronomical amounts only those with big bucks can get in the game.
If you're still ahead? I say sell. It's much easier to count any net gain than to hold and wonder 'what if' after you're hosed. I've learned this the hard way on way too many of my investments. Sounds like your gut is telling you to dump as well. Trust your gut.
And hey...if there ever is a day that it does crash back down to 15 bucks a pop, you can always come back and load the truck.
The long term charts certainly do not spell a bright future for bitcoin and alts in general. Holding now would honestly be going against market logic.
If you bought it when they were ~$15 apiece, you'd still be profiting regardless of the trend. The price was fluctuating in the 300s for awhile, from 320 - 350 for awhile, before recently crashing through the $300 floor. If you wait a little longer to see whether or not the trend will continue, it may prove more beneficial in the long run. It's still a gamble either way though.
I agree, that's why I asked if he was currently ahead. I would not scoff at profit, even if he bought all the way up to $100 each. That's still money in the bank.
But there's legitimate reason for concern now with the past year trend. Most, like myself, thought it could not dip below 600 when it was around 700....then thought it was unthinkable to drop below 500 when it hit 600. You get the point. Logic and market trends are not in bitcoins favor. And those expecting it to stabilize any minute now are the same ones most likely that will be hosed. Because there are still a lot of people out there that are way ahead and happy to dump their cargo on a sinking ship.
I sold most of my holdings about a month ago and I have no regrets. Matter of fact, I consider it a Godsend I was still able to salvage money. If it drops to ridiculously low numbers (double digits), I'll probably jump in and dabble a bit. But until then, the market just doesn't 'feel' right at all to me. It's felt like a 4 alarm fire for quite some time now.
Always hodl... https://bitcointalksearch.org/topic/i-am-hodling-375643 
obviously, those who had coins when they were at $1100 should have sold. unfortunately, i was sitting on so many i could not liquidate them all cause i had no clue how to handle all the money. when coins dropped to $600 i figured i will sell a little here and there when i need play money. when the price dropped to $400 i said i will hold cause i had faith in BTC. now the price is in the $200 range and i'm debating if i should get out or stay in. there are three things on my mind that make me wonder if the golden days of BTC is over. the end of two silk roads, which was a major lightning rod for BTC and most are probably too scared to get back in that market. big companies taking over the mining game and squeezing out the little guy. the cost and power requirements needed for hardware cause the big guys have increased the difficulty by astronomical amounts only those with big bucks can get in the game.
If you're still ahead? I say sell. It's much easier to count any net gain than to hold and wonder 'what if' after you're hosed. I've learned this the hard way on way too many of my investments. Sounds like your gut is telling you to dump as well. Trust your gut.
And hey...if there ever is a day that it does crash back down to 15 bucks a pop, you can always come back and load the truck.
The long term charts certainly do not spell a bright future for bitcoin and alts in general. Holding now would honestly be going against market logic.
If you bought it when they were ~$15 apiece, you'd still be profiting regardless of the trend. The price was fluctuating in the 300s for awhile, from 320 - 350 for awhile, before recently crashing through the $300 floor. If you wait a little longer to see whether or not the trend will continue, it may prove more beneficial in the long run. It's still a gamble either way though.
If you believe in the tech, hold.
obviously, those who had coins when they were at $1100 should have sold. unfortunately, i was sitting on so many i could not liquidate them all cause i had no clue how to handle all the money. when coins dropped to $600 i figured i will sell a little here and there when i need play money. when the price dropped to $400 i said i will hold cause i had faith in BTC. now the price is in the $200 range and i'm debating if i should get out or stay in. there are three things on my mind that make me wonder if the golden days of BTC is over. the end of two silk roads, which was a major lightning rod for BTC and most are probably too scared to get back in that market. big companies taking over the mining game and squeezing out the little guy. the cost and power requirements needed for hardware cause the big guys have increased the difficulty by astronomical amounts only those with big bucks can get in the game.
If you're still ahead? I say sell. It's much easier to count any net gain than to hold and wonder 'what if' after you're hosed. I've learned this the hard way on way too many of my investments. Sounds like your gut is telling you to dump as well. Trust your gut.
And hey...if there ever is a day that it does crash back down to 15 bucks a pop, you can always come back and load the truck.
The long term charts certainly do not spell a bright future for bitcoin and alts in general. Holding now would honestly be going against market logic.
obviously, those who had coins when they were at $1100 should have sold. unfortunately, i was sitting on so many i could not liquidate them all cause i had no clue how to handle all the money. when coins dropped to $600 i figured i will sell a little here and there when i need play money. when the price dropped to $400 i said i will hold cause i had faith in BTC. now the price is in the $200 range and i'm debating if i should get out or stay in. there a few things on my mind that make me wonder if the golden days of BTC is over.
the end of two silk roads, which was a major lightning rod for BTC.
big companies taking over the mining game and squeezing out the little guy through difficulty.
the cost and power requirements needed for current gen hardware.
how quickly hardware becomes outdated and is no longer profitable.
the end of two silk roads, which was a major lightning rod for BTC.
big companies taking over the mining game and squeezing out the little guy through difficulty.
the cost and power requirements needed for current gen hardware.
how quickly hardware becomes outdated and is no longer profitable.
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