Topic: I'm dumping my bitcoins so you should - page 9. (Read 35673 times)

It belongs here, not the speculation section.

I was always selling during this fake pump (you really never know when it ends) and will be more as it goes up and I'm not re-buying later even if price goes below $200. I won't regret even if it goes above $1000 someday when I sold two times cheaper. I think it was the last big pump we could ever see.

Someone might say that "I lost faith" but there should be no faith, common sense should be. Let's be frankly. Banks/governments will never use Bitcoin. Instead they will create own scalable blockchains. Normal people will never use Bitcoin. They simply don't need it. This means that bitcoin won't go mainstream and price won't get that high.

Just think how the US government/JP Morgan/BoFA will adapt a currency which majority of emission is held by some kids and cryptopunks. Also 1/21 of coins is held by some anon who calls himself "Satoshi". This is no serious. This is fucking ridiculous.

Comparing bitcoin capitalization with gold's is fucking ridiculous, too. Gold has got history of thousands of years and a lot of applications. Meanwhile Bitcoin is just a virtual asset that's been known for about 7 years and has got very poor applications. What is worse is that bitcoin is not really scalable.

Again. Comparing bitcoin capitalization with facebook's is even more ridiculous. Facebook is a large company that connects the entire planet. Holding Facebook stocks generates huge revenues. Meanwhile BTC is just a speculative virtual asset. Not scalable. Old. Always bloating. Not stable. It's even not decentralized!

Also, such a risk as banning Bitcoin in many countries must be considered. First of all, in China. Chinese government is a totalitarian one and they will finally ban bitcoin if it becomes a problem for them. Just like here, in Russia. European Union will likely ban using of bitcoin someday "to stop ISIS/terrorism financing". The US is not the world. The rest are weak/poor/small countries.

What about the upcoming block halving - price went down when the Litecoin halving happened. Expect the same when the Bitcoin's happens. Don't put into this hype or you will most likely be eaten by whales.

This all doesn't mean the whole crypto scene is doomed. No, absolutely not. I'm sure we will see new much better truly decentralized applications in the near future that will dominate/replace bitcoin. And not just bitcoin.

TLDR: Sell out your BTC; don't rebuy it. Invest in other blockchains. Also, don't get fooled by the "hodl" propaganda that makes you never get a profit while whales do because YOU buy&hold.

Very simple. People will start dumping as their way too high expectations don't become reality. It sounds absurd, but it is exactly what these people will do. Especially when they see the price is going down a Dollar or two.

I do see $1000 Bitcoin price anywhere near. Look less than a week at halving and price is stuck at 650 to 680$. I wonder what will happen if the expectation of bitcoin users are not meet this time around.

Your prediction is wrong, the price of bitcoin will increase and it will increase more than $1000 and the chances are that it may continue to increase more after reaching to $1000, as at that time the suply will be reduced and the buyers will be much more.

There is one week to go in halving and price is now at 690$. It can move further up or maybe move in downwards directions. You need to make right decision of buying or selling bitcoins at the right time to make maximum profits.

I'm not gonna dump any bitcoins right now, I think it would not be a good way to make good profit.
I prefer holding a bit longer because of the halving that is coming, most likely it will provide me more profit.

I'm not gonna dump any bitcoins right now, I think it would not be a good way to make good profit.
I prefer holding a bit longer because of the halving that is coming, most likely it will provide me more profit.

I'm not gonna dump any bitcoins right now, I think it would not be a good way to make good profit.
I prefer holding a bit longer because of the halving that is coming, most likely it will provide me more profit.

If there is no fundamental problem of bitcoin, we will not see the 2xx price any more. The price will just go higher.

I think not a lot that the price will increase after block halving i think the price will be play at 700-900 value but after block halving we will not see the effect fast result. .and i think it takes months before we will see those prices..

If there is no fundamental problem of bitcoin, we will not see the 2xx price any more. The price will just go higher.

We see how OP was so wrong here. 2XX's prices were great, I really miss them. I didn't buy much so I only played with my small amount. After the recent spike I dumped all my coins for over 700$, that was a good exit price. Now I'm waiting to see lower prices so I can buy back. This game never ends.

I think not a lot that the price will increase after block halving i think the price will be play at 700-900 value but after block halving we will not see the effect fast result. .and i think it takes months before we will see those prices..

The price shall go up quite a lot after the halving. The rate supply of supply will be reduced to help the price increase.

Dumping your bitcoins right now is not even good with all these price increasings that are coming up.
You can now better hold and do nothing with your bitcoins.