It's getting frothy, and I'm dumping 75% of my coins

BitChick

legendary

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Just read this thread for the first time today. I can see why OP thought it was a good time to sell. I too thought at the time that it seemed like an unlikely rise. Bitcoin had been pretty stagnant for a while.

Thankfully hubby and I are long term holders. Partially for tax reasons. Partially because we don't have a large amount compared to many really. We don't want to mess with claiming anything on them this year. Next year should be fun.

But I really appreciate some of the posts on the forum about the best strategies for taking profits. It seems that a tiered sell off is a great way to go. I think the riskiest thing to do is to sell them all in one lump because we really do not know what is going to happen long term.

Granted, people have different goals and purposes for investing and most people that have sold have made impressive gains that have helped their lives significantly. Who knows, we might be the crazy ones for holding without reaping any profits but it sure has been an exciting adventure. Grin

aminorex

legendary

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Sine secretum non libertas

I pity the fool who sells his bitcoin

beetcoin

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Quote from: fleabag on November 30, 2013, 07:36:02 PM

Quote from: beetcoin on November 29, 2013, 03:26:29 AM

Quote from: windjc on November 29, 2013, 02:59:14 AM

Quote from: beetcoin on November 29, 2013, 02:17:13 AM

well, he did say he'd sell at $1k if it gets there.. i wonder if he's changed his mind or if he's sticking to the plan? either way, you'll come out making some sweet cash, so no biggie.

He cashed out 100% way before $1000 - around $500 I think. He mentioned it in another thread.

He has been conspiciously absent here recently. Wink

But he's in this for the thrill - for the trading experience - he sees it only as a speculation, that's how his mind works. And that's fine. Most people won't understand the potential of bitcoin until that potential is realized. That is just the way of the world.

If Bitcoin flys up from here and then "crashes" or strongly "corrects" we will see Jason again.

Maybe.

he's still a winner no matter what.. maybe not as much as some others, but so what? he still came out ahead. i think the smart thing would have been to sell less off over time, but hey it's his life.

sounds like you are talking at his eulogy LOL

i just feel a little bad for the guy, because i'd be pulling my hair out if it happened to me. he still made money either way, so the glass is equally full as it is empty.

then again, fuck that.. he's made a lot more money than me. no pity for you sir!

fleabag

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Merit: 10

Quote from: beetcoin on November 29, 2013, 03:26:29 AM

Quote from: windjc on November 29, 2013, 02:59:14 AM

Quote from: beetcoin on November 29, 2013, 02:17:13 AM

well, he did say he'd sell at $1k if it gets there.. i wonder if he's changed his mind or if he's sticking to the plan? either way, you'll come out making some sweet cash, so no biggie.

He cashed out 100% way before $1000 - around $500 I think. He mentioned it in another thread.

He has been conspiciously absent here recently. Wink

But he's in this for the thrill - for the trading experience - he sees it only as a speculation, that's how his mind works. And that's fine. Most people won't understand the potential of bitcoin until that potential is realized. That is just the way of the world.

If Bitcoin flys up from here and then "crashes" or strongly "corrects" we will see Jason again.

Maybe.

he's still a winner no matter what.. maybe not as much as some others, but so what? he still came out ahead. i think the smart thing would have been to sell less off over time, but hey it's his life.

sounds like you are talking at his eulogy LOL

beetcoin

sr. member

Activity: 434

Merit: 250

Quote from: windjc on November 29, 2013, 02:59:14 AM

Quote from: beetcoin on November 29, 2013, 02:17:13 AM

well, he did say he'd sell at $1k if it gets there.. i wonder if he's changed his mind or if he's sticking to the plan? either way, you'll come out making some sweet cash, so no biggie.

He cashed out 100% way before $1000 - around $500 I think. He mentioned it in another thread.

He has been conspiciously absent here recently. Wink

But he's in this for the thrill - for the trading experience - he sees it only as a speculation, that's how his mind works. And that's fine. Most people won't understand the potential of bitcoin until that potential is realized. That is just the way of the world.

If Bitcoin flys up from here and then "crashes" or strongly "corrects" we will see Jason again.

Maybe.

he's still a winner no matter what.. maybe not as much as some others, but so what? he still came out ahead. i think the smart thing would have been to sell less off over time, but hey it's his life.

Crazy

full member

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Hey windjc, as a brilliant visionary I'd love to know more about you. What do you do for a living?

windjc

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Quote from: beetcoin on November 29, 2013, 02:17:13 AM

well, he did say he'd sell at $1k if it gets there.. i wonder if he's changed his mind or if he's sticking to the plan? either way, you'll come out making some sweet cash, so no biggie.

He cashed out 100% way before $1000 - around $500 I think. He mentioned it in another thread.

He has been conspiciously absent here recently. Wink

But he's in this for the thrill - for the trading experience - he sees it only as a speculation, that's how his mind works. And that's fine. Most people won't understand the potential of bitcoin until that potential is realized. That is just the way of the world.

If Bitcoin flys up from here and then "crashes" or strongly "corrects" we will see Jason again.

Maybe.

beetcoin

sr. member

Activity: 434

Merit: 250

well, he did say he'd sell at $1k if it gets there.. i wonder if he's changed his mind or if he's sticking to the plan? either way, you'll come out making some sweet cash, so no biggie.

piramida

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Activity: 1176

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Borsche

Quote from: jasonjm on November 13, 2013, 03:55:30 PM

Gox $445 lol

wow the froth is foaming at the mouth now

I am now 90% out

the chart is now literally almost vertical lol

check the chart now jason, now *thats* vertical.

beetcoin

sr. member

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Merit: 250

when you guys cash out, do you prepare yourselves to pay capital gains taxes or what? it seems like it would be a headache.. i've yet to do it.

Ardenyham

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Don't Hesitate to Tip me for My Helps and Guides.

Quote from: jasonjm on November 12, 2013, 02:47:10 AM

hmmm, I would call bitcoin stable when it spends months between 120 and 150

however it seems some believe stable is going from 150 to 400 in under 1 month?

yeah it could go to 500, 800, 1000........ but when this thing goes into full panic it falls faster than anything i have ever seen. So for me, nothanks. If it makes it to 1000 I'll sell all my remaining 25%.

Seems nice plan, so now out of Bitcoins and waiting for the unevitable crash ?

im3w1l

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Quote from: favelle75 on November 28, 2013, 05:10:46 PM

Quote from: freethink2013 on November 28, 2013, 05:01:33 PM

I value honesty above niceness. I hate the way modern society seems to prefer dishonest niceness.

*hugs*

LOL...hugs back, nervously.

nice

maz

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Activity: 140

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To be fair, he never done anything bad. It's just that his timing was terrible.

Who would have thought we would have been at 1224 today when the price was at 300.

favelle75

hero member

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Quote from: beetcoin on November 28, 2013, 05:20:23 PM

if i were OP i wouldn't really care that much.. 100 coins is plenty. he's made a lot of money and if it hits 10k, he'll have millions.

Correction. A million. Singular.

beetcoin

sr. member

Activity: 434

Merit: 250

if i were OP i wouldn't really care that much.. 100 coins is plenty. he's made a lot of money and if it hits 10k, he'll have millions.

favelle75

hero member

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Merit: 501

Quote from: 600watt on November 28, 2013, 05:11:55 PM

man, i am thankful for this thread. whenever the sell-itching starts i read it out loud.

Indeed.

600watt

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man, i am thankful for this thread. whenever the sell-itching starts i read it out loud.

favelle75

hero member

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Merit: 501

Quote from: freethink2013 on November 28, 2013, 05:01:33 PM

I value honesty above niceness. I hate the way modern society seems to prefer dishonest niceness.

*hugs*

LOL...hugs back, nervously.

freethink2013

full member

Activity: 224

Merit: 100

I value honesty above niceness. I hate the way modern society seems to prefer dishonest niceness.

*hugs*

favelle75

hero member

Activity: 910

Merit: 501

Quote from: Crazy on November 28, 2013, 03:08:42 PM

Everyone gloating in this thread is really disgusting. You're all so brilliant until you're not. Ever heard of treating people as you'd like to be treated?

Moral? Don't make dumb predictions on a public forum and expect not to hear about it later.

I find the people here don't make you feel bad for LOSING money...but they will let you hear it for losing potential future earnings. There IS a difference you know.

Topic: It's getting frothy, and I'm dumping 75% of my coins (Read 13671 times)