Honeymoon savings... hold or sell? | Bitcointalksearch.org

wachtwoord

legendary

Activity: 2324

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Quote from: Chuckee on October 03, 2014, 07:59:54 AM

Quote from: frienemy on September 23, 2014, 03:55:48 PM

Furthermore, applause for sgbett and his offer. Good to see that there are still some people left in the bitcoin community who are still just nice people, no matter what the price of bitcoin is.

It's not really a nice offer if you're promising something that you know isn't going to happen. The only people who actually believe that bitcoin will rise above $5,000 USD by the end of the year are delusional new investors who will be burned.

Hey OP, I promise to send you 1 bitcoin in the event that world peace is offically declared by the United Nations by December 31, 2014. It has approximately the same likelihood as bitcoin reaching $5,000 USD.

The only nice people on this thread were the ones on page 1 suggesting that the OP sell. If he had listened, he would have cut his losses in a much better position than we're in now. Let it be a lesson, if you listen to charlatans like sgbett and invest your savings into bitcoin now because "we've bottomed out" (funny how these guys keep declaring a bottom every week), then you'll be retiring in a carboard box, eating cold ramen packets.

I so wish the market would make this guy swallow his words.

Chuckee

member

Activity: 70

Merit: 10

Quote from: frienemy on September 23, 2014, 03:55:48 PM

Furthermore, applause for sgbett and his offer. Good to see that there are still some people left in the bitcoin community who are still just nice people, no matter what the price of bitcoin is.

It's not really a nice offer if you're promising something that you know isn't going to happen. The only people who actually believe that bitcoin will rise above $5,000 USD by the end of the year are delusional new investors who will be burned.

Hey OP, I promise to send you 1 bitcoin in the event that world peace is offically declared by the United Nations by December 31, 2014. It has approximately the same likelihood as bitcoin reaching $5,000 USD.

The only nice people on this thread were the ones on page 1 suggesting that the OP sell. If he had listened, he would have cut his losses in a much better position than we're in now. Let it be a lesson, if you listen to charlatans like sgbett and invest your savings into bitcoin now because "we've bottomed out" (funny how these guys keep declaring a bottom every week), then you'll be retiring in a carboard box, eating cold ramen packets.

ravenjt

full member

Activity: 215

Merit: 100

Quote from: JimboToronto on September 23, 2014, 04:42:18 PM

Quote from: mano21 on September 23, 2014, 03:05:58 PM

Quote from: JimboToronto on September 23, 2014, 02:36:49 PM

Aren't you glad you didn't sell immediately below $400 as some urged?

He sold at 398.

Ouch. Sorry I missed that. I didn't mean to rub it in.

That was a good price, from today's perspective.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: CoinDiver on September 23, 2014, 04:33:31 PM

Quote from: sgbett on September 23, 2014, 03:48:46 PM

Quote from: CoinDiver on September 23, 2014, 03:40:10 PM

Quote from: sgbett on September 23, 2014, 03:37:53 PM

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else.

Oh good that is great to hear. I'll leave it up to you to decide whether you want to collect on my offer, because when all else is stripped away all a man has is his word, and I have already given it.

Thank you sgbett... but I can't collect on that since you were under the wrong impression. No worries. I'll be very happy when we hit 10k.

Too kind sir. Thanks for releasing me. Seems there are indeed still good guys around still hanging around this troll hole Cheesy

JimboToronto

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Activity: 4200

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You're never too old to think young.

Quote from: mano21 on September 23, 2014, 03:05:58 PM

Quote from: JimboToronto on September 23, 2014, 02:36:49 PM

Aren't you glad you didn't sell immediately below $400 as some urged?

He sold at 398.

Ouch. Sorry I missed that. I didn't mean to rub it in.

To the OP:

You did the right thing even if your timing was a bit off.

You and your fiancee's happiness is far more important than mere money.

Good luck and best wishes.

CoinDiver

hero member

Activity: 778

Merit: 1002

Quote from: sgbett on September 23, 2014, 03:48:46 PM

Quote from: CoinDiver on September 23, 2014, 03:40:10 PM

Quote from: sgbett on September 23, 2014, 03:37:53 PM

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else.

Oh good that is great to hear. I'll leave it up to you to decide whether you want to collect on my offer, because when all else is stripped away all a man has is his word, and I have already given it.

Thank you sgbett... but I can't collect on that since you were under the wrong impression. No worries. I'll be very happy when we hit 10k.

frienemy

full member

Activity: 235

Merit: 100

I was promised da moon

Quote from: CoinDiver on September 23, 2014, 03:38:28 PM

I've been at peace since I sold. We're OK with it. I was constantly worrying before I sold. It's one less thing to worry about now.

Wish you a perfect honeymoon! In the end it's not so much about luxury I suppose, but the more important things. Have a great time and forget about bitcoin for a while. Lots of people here feel bad for you or laugh at your selling low. The thought that they should envy you for having a honeymoon does not even cross their minds Wink

1. Supermoon
2. Honeymoon
3. Bitcoinmoon

One after the other Cool

EDIT:

Furthermore, applause for sgbett and his offer. Good to see that there are still some people left in the bitcoin community who are still just nice people, no matter what the price of bitcoin is.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: CoinDiver on September 23, 2014, 03:40:10 PM

Quote from: sgbett on September 23, 2014, 03:37:53 PM

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else.

Oh good that is great to hear. I'll leave it up to you to decide whether you want to collect on my offer, because when all else is stripped away all a man has is his word, and I have already given it.

SeaofBTC

newbie

Activity: 43

Merit: 0

Quote from: CoinDiver on September 23, 2014, 03:40:10 PM

Quote from: sgbett on September 23, 2014, 03:37:53 PM

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else.

You made the right choice. You were given some negative feedback this time, but that does not take away from the fact you made the right choice at the time. You knew you were going to have to cash out soon no matter what, and price was in steady decline.

CoinDiver

hero member

Activity: 778

Merit: 1002

Quote from: sgbett on September 23, 2014, 03:37:53 PM

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

Haha, thanks! I still have a lot of skin in the game. This was just a separate savings account for a specific purpose. I wouldn't consider selling anything else.

CoinDiver

hero member

Activity: 778

Merit: 1002

I've been at peace since I sold. We're OK with it. I was constantly worrying before I sold. It's one less thing to worry about now.

sgbett

legendary

Activity: 2576

Merit: 1087

Quote from: CoinDiver on September 19, 2014, 01:46:52 PM

Quote from: Newbie1022 on September 19, 2014, 12:22:36 PM

Quote from: CoinDiver on September 17, 2014, 04:33:35 PM

I made the decision in January to save for my (end of September) honeymoon in bitcoin. In the last few months, I'm getting slaughtered. I've held strong and not sold a bitcent that wasn't required. It's getting close enough (2 weeks), that I'm starting to worry...

So, the question is... sell now, or sell in two weeks?

I do not envy anybody in this situation. Honestly, you've taken pretty close to the full brunt of the downturn at this point. I imagine we'll see somewhere around $340 to $350 following a flash crash... then we'll jump up. But, that's tempting fate. I really have to believe that there is a better reentry point.

So, what am I saying? You can hold and you'll probably see $450 range, again... maybe even $500s (higher than that is really questionable at this point). That said, there probably will be a better reentry point. You have to ask yourself whether you are good enough with TA to time and price that point.

Sorry for your loss, brother.

Thank you. I sold this morning at $398. That hurt. I lost about 40% of what I saved. I sold because it was the low end of what I estimated I could do the trip for. I started saving in January. Bought from $850 all the way down. I knew this was a risk. One of the major reasons I did it was because I knew it would be harder to touch the money for bills and whatever, if it was in BTC. After panic selling 1/3rd of my btc during the crash of 2013, I know better than to sell, ever.

Regardless, we'll still have a hell of a time. Just have to be a little conscientious of costs.

Wow. This could be it. The mother of all sold at the bottom posts & solid confirmation of the next leg up!

I feel for you. By way of consolation, I will send you 1BTC if we hit $5k before 2015, i'll double it if we hit $10k before December.

At least now you got some skin in the game Wink

have a great wedding and honeymoon

mano21

newbie

Activity: 55

Merit: 0

Quote from: JimboToronto on September 23, 2014, 02:36:49 PM

Aren't you glad you didn't sell immediately below $400 as some urged?

He sold at 398.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Aren't you glad you didn't sell immediately below $400 as some urged?

mano21

newbie

Activity: 55

Merit: 0

This poor guy.

mano21

newbie

Activity: 55

Merit: 0

Dam man sorry to hear you lost 40%.

It sucks but I think we will see 330 before seeing 500 again.

Most likely we will slip to 300 before November and hopefully something will happen then to cause a nice jump.

People forget that this is a SPECULATION board.

We are all just throwing out predictions.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: wachtwoord on September 17, 2014, 06:08:21 PM

I would sell at the last possible moment. Bitcoin is greatly undervalued so the chance of it going up is larger than down.

How much down can you take without ending up in debt when all is said and done?

I agree.

In my opinion, this carefully engineered price decrease could reverse in October with some whales' tax situation.

I think the price slide might continue another couple of weeks before the whale pump starts.

If the OP has a month more, he's more likely to see a major burst upward than an appreciable further decline.

Ibian

legendary

Activity: 2268

Merit: 1278

Most divorces happen within the first seven years. Post again exactly 2555 days from now.

CoinDiver

hero member

Activity: 778

Merit: 1002

I'd really hate to meet the women some of you marry. We agreed to put the savings in to bitcoin. We knew the risk. It didn't work out, but we got out before it was a problem. We agreed to a reasonable ring, reasonable wedding, reasonable honeymoon. Neither one of us was interested in a large waste of money for what? Tradition? We are going to spend two weeks traveling, hiking, backpacking, camping, resorting, etc. We're also not getting a state marriage. Legally we're filling out the paperwork to give each other necessary rights, otherwise, we're drafting a personal contract between the two of us that establishes our responsibilities to each other. It's what a marriage should be without state and church. Our contract will be signed/hashed and the hash published on the blockchain. Our relationship will be what we define it as, not what someone else thinks it should be. This crash in price isn't going to cause any long term problems. She's not that shallow.

Wilhelm

legendary

Activity: 1652

Merit: 1265

Quote from: Xiaoxiao on September 19, 2014, 03:45:28 PM

Quote from: Ibian on September 19, 2014, 03:28:00 PM

Quote from: CoinDiver on September 19, 2014, 01:51:38 PM

How do you figure I'm "on a series of bad decision making"?

You got married. Did you read my earlier post? You have a 50% chance to lose everything you own and most of what you earn for many years going forward. That's a way higher risk than bitcoin. Nobody ever think they will be the ones getting hit with divorce papers. That happens to other people.

well, marriage and religion has a lot to do with each other. Most people that get divorced don't have strong religious beliefs. So this is over generalizing.

This makes me think about statistical lies.

Religious people do get divorced just as much (or even more), there are a lot of contradicting sources.
Usually people get abandoned by their church or community because of the divorce, or they leave so they never have to see their ex, or they choose to leave the church to save the face of their family and church. I've seen this happen.

Thus making them statistically non-religious when you measure divorce rate and you can say that religion has a low divorce rate.

My 2cts

Topic: Honeymoon savings... hold or sell? (Read 6184 times)