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Topic: I have 4 bitcoin What should i do. Should sell or hold on to the price increase? (Read 5015 times)

uki
legendary
Activity: 1358
Merit: 1000
cryptojunk bag holder
Thing is, if we reach those prices (400-500) and stay there for a month or two, we've entered a definitive bull-market again. We will be headed upwards from there and the risk actually gets smaller with each USD that we gain.
that is exactly my point. The biggest effort to be made is to get things moving to the upside. After $350 is broken, then it would be much easier to think about resuming the bull. But we must first get there.
legendary
Activity: 3248
Merit: 1070
try to play with the market, small amount, follow the wave, and always dump first and then buy
tss
hero member
Activity: 742
Merit: 500
you should ask for advice on a public forum and then after 100 people or so reply you can chose which advice suits you most from all the varying points of view.
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
My new year resolution for 2015 was to buy 1 bitcoin a month. Now, I have 4 bitcoin. But, the price value of bitcoin is stuck at $250. Any good advice for me please. Should I keep going with the New year resolution. Will the price increase in value.

Unpopular opinion, but i would sell if i only had 4 bitcoins. holding is obviously not an option since you are allready obviously getting nervous holding it, so trading is the only option left.
Since there seams to be little affect from recent media to any new money comming in, and trending of bitcoin is stagnant, i would say were going back close to 200 very soon, and about 200would be my buyback.
15% profit aint bad, it would yield you 0,60btc if its correct assesment.

Its hard to speculate what will happen after, so for now sell, and set rebuy @200, if you want to listen to an advice from random stranger that is :]

cheers
hero member
Activity: 704
Merit: 500
hero member
Activity: 513
Merit: 511
I would say hold on to them. My guess is that they'll be worth about $340 by th end of the year.
full member
Activity: 223
Merit: 100
ATH exchange? ATH as Chef stated is the all time high valuation.   
We may not see that again, at least in my lifetime though I hope to.
Are you thinking about the Vinklevoss Exchange Traded Fund?
The impact of that can't be known but I think it would provide buoyancy to the current lost in space valuation.
full member
Activity: 182
Merit: 100
You can atleast wait it out till the new ATH exchange comes out.

What is ATH. What does that mean. Please
Most people use that acronym to mean all time high which is 1160ish, so I'm assuming the poster was telling you to at least hold til that.
Ok. I got it now. Thanks man.

I think its the exchange. Apart from that we also have Ethereum coming out next month.
legendary
Activity: 1315
Merit: 1002
Simply, keep buying until 2016. Stick to your plan.
hero member
Activity: 490
Merit: 500
You can atleast wait it out till the new ATH exchange comes out.

If you wait till the ATH, please wait longer, as it's most likely that it will surpass it quite quickly.
newbie
Activity: 36
Merit: 0
You can atleast wait it out till the new ATH exchange comes out.

What is ATH. What does that mean. Please
Most people use that acronym to mean all time high which is 1160ish, so I'm assuming the poster was telling you to at least hold til that.
Ok. I got it now. Thanks man.
legendary
Activity: 1568
Merit: 1001
You can atleast wait it out till the new ATH exchange comes out.

What is ATH. What does that mean. Please
Most people use that acronym to mean all time high which is 1160ish, so I'm assuming the poster was telling you to at least hold til that.
newbie
Activity: 36
Merit: 0
My last buy was at $289. No one gets it exactly right.
Buy when you can afford. Hold what you buy. Don't chicken out.
In fact, you've inspired me to make a little buy myself  Wink 

wow it make me feel good to hear that I inspired you. I guess the problem that I am having right now. is the fact that I don't have patient. I don't like to wait. I never had patient has a child. everytime I look online I see the price goes down. honestly it's kind of freaking me out. I guess I need to stop looking online. I'm sure if the price goes back up extremely. the media like CNN and CNBC well keep me posted. Lol. I'm going to keep buying because I believe"a rising tide lifts all boats"
newbie
Activity: 36
Merit: 0
You can atleast wait it out till the new ATH exchange comes out.

What is ATH. What does that mean. Please
full member
Activity: 182
Merit: 100
You can atleast wait it out till the new ATH exchange comes out.
full member
Activity: 223
Merit: 100
My last buy was at $289. No one gets it exactly right.
Buy when you can afford. Hold what you buy. Don't chicken out.
In fact, you've inspired me to make a little buy myself  Wink 
newbie
Activity: 36
Merit: 0
today I'm planning on buying $50 worth Bitcoin I'm using the tips that I get for my customer. Lol.
newbie
Activity: 36
Merit: 0
If you fold now and sell you'll get most or all of your fiat, but then what? You're out of the contest. Can't win and can't lose. You'll need another hobby.
4 coins is a nice position in my opinion. Maybe (or maybe not), slow your accumulation (because you're uncertain), but don't sell. You went this far and there is hope.


HODL and keep the faith. That's what I do.

(I still mine because I'm a miner and miners have to mine. Even when at a loss. I balance faith and stupidity every day!)

I'm a miner too. But, my mining rig is small. I want to keep it that way cuz the value of bitcoin it down. I do it for fun. but my focuss is on buying bitcoin. 1 bitcoin per month while the price is down. cuz now I can afford to buy
newbie
Activity: 36
Merit: 0
You might consider switching to dollar-cost averaging with your BTC purchases.

i.e. just pick a value you want to spend ($250) every month and buy at a comfortable level to manage risk, remain unemotional, and accumulate.

Make sure to stop doing this (temporarily) if/when we blow up past the ATH and climb at an insane rate.  Take a good look at the bubbles in BTC's history and try your best to prepare mentally for your sell plan.  Don't be too greedy.

What do you mean (when we blow up past the ATH) what does ATH mean. Please
full member
Activity: 223
Merit: 100
If you fold now and sell you'll get most or all of your fiat, but then what? You're out of the contest. Can't win and can't lose. You'll need another hobby.
4 coins is a nice position in my opinion. Maybe (or maybe not), slow your accumulation (because you're uncertain), but don't sell. You went this far and there is hope.


HODL and keep the faith. That's what I do.

(I still mine because I'm a miner and miners have to mine. Even when at a loss. I balance faith and stupidity every day!)
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