Hold them in a safe cold wallet!
Work and work and work some more to buy more coins!
Hopefully profit!
Topic: I have 4 bitcoin What should i do. Should sell or hold on to the price increase? - page 2. (Read 5015 times)
February 20, 2015, 12:30:44 PM
February 20, 2015, 10:43:44 AM
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.
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.
February 20, 2015, 09:52:59 AM
Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
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.
February 20, 2015, 09:49:31 AM
Just hold and enjoy the ride!
You will be waking up everyday with a smile on youre face when we entering a new bullmarket.
You will be waking up everyday with a smile on youre face when we entering a new bullmarket.
February 20, 2015, 09:35:47 AM
give many small loans of 0.1btc to many users who need it.it can increase your earning 30-40% per 3-4day
February 20, 2015, 09:09:40 AM
I'd stick to your plan and keep buying at this price and definitely don't sell them. I think holding bitcoins will pay off eventually as it's still early days for btc in my opinion.
If it went down to 0-50 I'd be thinking, shit is this really a good idea?
Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
If it went down to 0-50 I'd be thinking, shit is this really a good idea?
February 20, 2015, 09:01:29 AM
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.
Just be patient, your 4 Bitcoins are a solid long term investment.
Hold your coins, that's the best advice some one can give you.
February 20, 2015, 08:16:48 AM
Here is a quick guide on how the current prices should be seen. It's not mine, but I fully agree with the author, as he pretty much nails it:
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
400-500: small risk
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
300-400: safe area
200-300: time to buy
100-200: why the hell are you not buying
50-100: you are mentally insane not to buy
0-50: you want to be poor on purpose
If you have still some dry powder, you may use and don't buy something else for your everyday life, then buying here carries relatively little risk.
February 20, 2015, 07:14:27 AM
If you're wondering if you've wasted your money then I'm speculating that you aren't super wealthy. So I'd advise to just keep the 4 BTC and carry on with your life.
This should provide adequate security in case a global economic crisis happens. A little piece of mind stashed away, just in case.
This should provide adequate security in case a global economic crisis happens. A little piece of mind stashed away, just in case.
February 20, 2015, 06:53:31 AM
Instead of thinking about either selling them all or holding them all you might consider keeping half no matter what, and maybe selling half if it seems a good time to. If the price goes up you still hold half which should cover your losses on the other half.
February 20, 2015, 06:30:59 AM
No one knows. Don't listen to anyone claimin they know where we're headed from here! Thing is: we're currently at a remarkably long time of stagnating prices and even gains in an otherwise record-long period of downwards movements. If you really intend to continue buyin 1 BTC per month (a good idea in my opinion) I think you should hold your coins and make sure not to panic sell them at the next drop. But make sure to make up your own mind!!!
February 20, 2015, 05:40:17 AM
Cool new year resolution and well done setting goals i have to assume you can afford to buy a btc a month, so if you are not in a major situation where you really need the money you keep them and do as others have said store them in a safe place and kinder forget about them easier said than done 
Also if you have the money to continue buying then you probably should keep buying at least what you can afford it will not be long before we brake out and cheap coin will be gone for awhile again. Good luck!
Also if you have the money to continue buying then you probably should keep buying at least what you can afford it will not be long before we brake out and cheap coin will be gone for awhile again. Good luck! February 20, 2015, 05:39:51 AM
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.
The price will probably increase till the ATH news.
February 20, 2015, 05:33:32 AM
I suggest you to store them with a paper wallet and forget of these 2 bitcoin for about 3-4 years (or at least remember them before the next halving ~ July 2016). I want also to tell you : buy bitcoin now it is so cheap. Don't sell them now the price is not "true".
February 20, 2015, 05:29:40 AM
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.
I say hold it, because what can you do with $1000 in this society? If its money you really cant afford to lose maybe you should split the risk and sell half.
February 20, 2015, 05:22:00 AM
If you can afford to, hold all your bitcoin. I've been gradually buying more and more over the last few months, best to think longterm and stop watching the daily price fluctuations.
February 20, 2015, 02:57:35 AM
Nobody's gonna be able to hodl a 100X gain if you're thinking about it all the time. You could be an oak 99% of the time and waver once and...you've gotten off the train. You have to find a way to trick yourself to hodl or buy other coins that you can sell on the way up cuz yer gonna face overwhelming "sell" pressure at times.
February 20, 2015, 02:54:05 AM
bet everything on 2x payout in your favorite dice site.
If you, then hodling is the answer.
If you lose, then sell is the answer
If you, then hodling is the answer.
If you lose, then sell is the answer
I prefer: hold until prices reaches 500+ or it is low enough that even the beartrolls don't post nowhere but down predictions
If prices reach 500 then you think again what to do
February 20, 2015, 01:38:27 AM
ALWAYS hold onto at least 1-2 btc.. Your fiat gains are hardly worth it. Your 4 bitcoin can become an immense amount of wealth… That is if you understand why you and others should trust it, if you don't understand it, then there isn't much to say to convince you one way or the other… I am not a preacher and bitcoin is not a religion soo… just understand what your private keys are, learn how to use them, and then learn how to use them safely.
February 20, 2015, 01:25:22 AM
I think what we need is a bitcoin Army. To educate people about bitcoin. So, that more people can buy. So, STOP SELLING AND BUY MORE BITCOIN. That will pump the price value up.
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