Topic: Is it good to sell at low prices ? (Read 2005 times)

We are not living in an ideal world, and as someone says here to sell on low and buy on high is the safest way to get broke. Since I not speculate in bitcoin nor myself would sell on low and buy on high even if I was.  But in general was bitcoin as I understood created to be the opozite of the sentralized and capital system. So to bad that people speculate with it just as rich people in the capital and finance world. The difference is not so big, I pretty bet there is sitting som pretty big bitcoins kings here and there, just like the giants in the real world. Also exchanges are poping up like mushrooms...just because its smelling profit.

Just a thought...

But private I have no problems with it.

Money is what it is.

Buy low, sell high really means:

Exchange your other goods for money when they are worth lots of money and exchange your money for other goods when your money will purchase more.

One of the nice things about free market money is that it acts as a feedback system on the economy. When too many goods are created, money is worth more, it can be exchanged for more goods. When too much money is in the economy, it takes more money to buy the goods you want or need.

Buying Bitcoin "low" and selling it "high" means that you were able to predict the direction of the money supply and goods available in the economy.

Right now, it looks like lots of people think that trading 1 Bitcoin for $480 is selling "high". Do you think that trading $450 for 1 Bitcoin is buying "low"? Then by all means, make the trade!

I think I paid about $12 for my first Bitcoin(s). I felt that the risk was easily worth what the potential appeared to be. I was lucky and I was right. However, there are lots of forces going on here now. There are many Altcoins that impact this marketplace. Governments are getting involved. People have been hurt by the "it will go up forever" attitude.

Do I believe that Bitcoin has reached an intermediate low in terms of dollars? Not sure. Could it go down further? Yes. Do I believe it will go down to $12 again soon? No. Could it go down to $200? Yes!

Do I believe it will stay "low" for a long time? No. What is my prediction?

It will cost you BTC0.077 to receive that at this time.
Price subect to change.

You will get a complete graphical price history and reasoning for your money, along with predictions for the future and a way to understand what can occur.

PM me. Knowing could make you $1000s!  


Enjoy,

-MikeMark

Is it good to sell at low prices?
For the people who make money off of you, yes.
Good, very, very good...

  Hey people!!


  If you buy low and sell high you are winning and other people are losing. What goes around comes around!

If everybody buys and holds then the prices always go up and never go down!

If you want other peoples to have bitcoin then you can give them ,but if you think that selling it when it has a low value will help people is wrong.Bitcoin should be used not only to make a profit as its value but also should be use to buy things!

Sell low Buy high, that's the new trend.

Well, compared to $100, $450 is a high price. So if you think the market is going to $100-$200, then sell now and buy again later.

 1- Pull all of your money out of the bank and buy bitcoin.
 2- Convince everyone you know to do the same, and to convince everyone they know to do the same.
 3- Watch as the value of your bitcoin goes up.
 4- Watch as the pressure builds on central banks worldwide.
 5- Watch the volatility as the central banks scramble to ban bitcoin, but realize it is too late.
 6- Watch them crack as the issuing power of currency is put into the hands of the people, and millions of bureaucrats go to work in gulags (aka organic country living/serfdom) since their skills are obsolete.
  7- Watch the pasty faced, overweight bureaucrats develop a healthy glow from good food and fresh air, and develop a new folk culture.

 In other words EVERY TIME YOU SELL THE PRICE GOES DOWN!!! DON'T SELL!

    Every time you use fiat, let alone buy it, you are voting for the current status quo and supporting the current elite. The new elite will be corrupted with time, but at least it will give us some breathing room for a while...

It depends on if you like money or not?  Selling things when they are low is a good way to ensure you dont have money for very long.

I think the trhead starter has a good point. His argument is regards to get new people into the bitcoin market, to achieve this they must be offered a low price. But many replies regards to earn as much money as possible to themselves. Then, yes buy at low price and sell on high is good for a individual. But this strategy will hurt bitcoin as a mainstream currency. Such strategies will just underline that it is not a currency but a commodity, and thereby not will be adopted by mainstream people.

But many speculate just for their own gain, and thereby desentralized philosophy and anarchy against the established just falls on the selfish gain. In general its not any better than a financial instiution, the difference is that htere is an individual that gain compared to a organisation.

I'm selling off old equipment at a big loss from original purchase price (USD) and buying up Antminers at current rates (BTC). Mining equipment pricing is closely correlated with BTC value, demand for mining gear dries up when BTC is in the tank... Considering the tax situation, a purchase of a miner is treated the same as an exchange when using BTC; it's being spent and should be recorded at USD value with cost basis set at my old mining payout or BTC purchase price. My coins are worth less than when I mined them so by spending on equipment I'll have losses rather than gains on my purchasing activity. Getting all the old stuff out the door and new stuff in, might as well exchange at the bottom if acquiring mining gear, will also be spending less on electricity... Maybe I'm wrong, but 0.89BTC pricing for an Antminer is good enough for me to shed off old equipment at a loss to free up some power supplies for better hashing speeds and less electricity use. I've been buying up Ants while simultaneously trickling out old gear, trying not to flood the market with more than 1 auction at a time.

I'd say exchanging for mining equipment might be a good idea if you are already mining, but if you aren't mining I'd say skip it because the tax reporting is a nightmare.

Ebay and paypal hate people to make money on cryptos

I was selling .01 litecoins for $2.99 at one time in jan2014

It is good for Buyer. Bad for seller  .

Ha!
 

if your in profit (bought in below $400) then feel free to do what you like with yor profit.
but if you bought in at a higher price:
selling at a loss makes you a loser

Everybody can buy now.
There is way too many people selling.

its not your job to make other speculators happy.  If you want to make more early adopters
happy, maybe you should give out some bitcoins (0.01)...start a blog and a youtube channel called
freebitcoins and make people post essays on why they deserve/want free coins

Excuse my newbieness

Ok I get it now , thanks Adrian-x.

low price = more sellers than buyers .
high price = more buyers than sellers .

So if someone new want to buy low he will find a lot of sellers . 
He just have to find them .

How do you know what is low and what is high? It's totally subjective, speculatory.

What if I were to tell you that at 5,000$ per, a Bitcoin would be extremely undervalued? You would say, "You're crazy, they are trading at under $500!", would you not?

Maybe I should get sick for a while so that others can be well.