I've cashed out but this is not the end.

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: Jomppe on December 28, 2013, 03:04:00 PM

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have. Cool

I'm thinking there is 99.999% probability that bitcoin will be worth $1,500 quite soon but only 5% probability that you will able to buy at $350.

EDIT:
Every holder will double his investment but only half of seller can buy 2 times more.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: Jomppe on December 28, 2013, 03:04:00 PM

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have. Cool

It must be nerve-wracking not knowing if you'll be able to buy in cheaper before the New Year Grin

silverston

hero member

Activity: 952

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SAPG Pre-Sale Live on Uniswap!

Quote

some time before BitCoin is ready to go to the moon.

F**k, who said that Bitcoin will go to the moon?

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Quote from: piramida on December 28, 2013, 04:16:37 PM

Quote from: Jomppe on December 28, 2013, 03:04:00 PM

you have twice as many coins as you would otherwise have. Cool

Unless the price does not go down and you have no coins and feel pretty damn stupid, you know.

As in, never go full fiat.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Jomppe on December 28, 2013, 03:04:00 PM

you have twice as many coins as you would otherwise have. Cool

Unless the price does not go down and you have no coins and feel pretty damn stupid, you know.

Jomppe

full member

Activity: 168

Merit: 100

I have cashed out also.
I read Rpietila's writings and he is saying we will have pretty low prices ahead (300-400 USD).
I have been following BTC for some time - despite I am new in the forum - so I see this exactly the same as last spring/summer. Now the price is down-trend and it should really find the strong support level that we need to rest for some time before BitCoin is ready to go to the moon.
There are plenty of money being made if you just now sell your coins and waite that all the others are following you and then rebuy them 50 % lower. It means, you get with the same fiat 100 % more coins and as the price restarts to climb up, you have twice as many coins as you would otherwise have. Cool

chesthing

legendary

Activity: 1414

Merit: 1000

David, you have got to stop shooting your toes off, before you know it you won't have any feet left. The last thing you want to do is buy and sell based on emotion. There was nothing to indicate a run back to $1k. The Indian exchange closings and impending China exchange closings indicate we will see cheap coins soon. This is using common sense not emotion. Don't listen to the extreme bears saying $10 coins next year any more than the extreme bulls saying expect wall street money to fuel a run up soon. Both are very unlikely, what is likely is the result of using common sense with what is going on currently in BTC news. Common sense is that was a brief run to $750 now down she goes. Pick a position and stick with it.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Glad to see you have better judgement than to stubbornly wait for the price to go your way. Because it might never do that.

DavidZ

newbie

Activity: 56

Merit: 0

Quote from: wobber on December 26, 2013, 03:43:39 PM

Quote from: DavidZ on December 26, 2013, 03:36:05 PM

There's a strong apparent upswing occurring on all charts; if think we've seen this bottom. I'm back in!

By taking this step unfortunately I have lost some bitcoin.

you mean you sat on too much fiat too long

Correct. Mr Market is waking up to how unsound fiat currency is and is demanding an alternative.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: DavidZ on December 26, 2013, 03:36:05 PM

There's a strong apparent upswing occurring on all charts; if think we've seen this bottom. I'm back in!

By taking this step unfortunately I have lost some bitcoin.

you mean you sat on too much fiat too long

DavidZ

newbie

Activity: 56

Merit: 0

There's a strong apparent upswing occurring on all charts; if think we've seen this bottom. I'm back in!

By taking this step unfortunately I have lost some bitcoin.

Bitcoin BEAR

full member

Activity: 143

Merit: 100

Quote from: chesthing on December 21, 2013, 08:34:33 PM

First, this run up was fueled by Chinese investors. China is now out. This is (soon to be) the biggest economy in the world.

Don't count on that to call the bottom!

Quote from: chesthing on December 21, 2013, 08:34:33 PM

Second, you have a crap load of new and not even delivered yet mining equip out there with miners about to lose their asses. Difficulty levels are already way out of line with the return, never mind at half current value.

This... Completely irrelevant! That is like saying printing more Dollars makes their exchange rate higher.
The exchange rate doesn't care if miners are profitable. ASIC costs nothing per day to operate, so this price is still very much profitable anyway. A miner should not expect to have hardware paid off in a week or two. No profitable business can expect equipment to be paid off in such time, why should Bitcoin miners be any different. Besides, the price does not need to support every miner, only the most efficient ones. Those mining at a loss only do so because they choose to (ie. Speculation). Difficulty will adjust for the idiots, and that's why it is like it is now.

~BEAR~

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: chesthing on December 21, 2013, 09:46:42 PM

This only happened before because of Chinese speculation, and we've yet to see the full fallout. Please elaborate on where this new money will come from?

From anywhere! 100 million dollars would move the price to an ATH easily. It is small change for many investors still.

JimboToronto

legendary

Activity: 4116

Merit: 4738

You're never too old to think young.

Quote from: jojo69 on December 22, 2013, 04:51:38 AM

so.... ... ...

how those short positions working out for you guys?

Don't pick on the bears. They can't help it.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: DavidZ on December 21, 2013, 07:57:44 PM

Quote from: piramida on December 21, 2013, 07:48:03 AM

Ok DavidZ imagine price moves up violently and breaks 900. Your move?

Not saying it does or will, but it sure as hell can

I doubt that; but even if it does it will be followed by an similar correction.

Care to look at the history charts? There has been a point in time when the price has left certain level to never again return. Happened at $1, $10, $100, will happen one day at $1000 too, and if you are certain this is not the time, well, you just might be left out in the cold

jojo69

legendary

Activity: 3304

Merit: 4543

diamond-handed zealot

so.... ... ...

how those short positions working out for you guys?

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: DavidZ on December 21, 2013, 07:23:40 AM

That's only 0.8% of all bitcoins holding up the price above $300.

That's what you don't understand. All those coins you don't see on the exchange? They aren't available because the price is still too low. *That* is what's propping the price up. Not the .8% you do see. It's the 99% you don't see.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

BTW, OP, good luck catching your $10 bitcoins. I don't think it will ever happen, but I didn't think China was dumb enough to shoot their feet off either.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: poewerden on December 21, 2013, 05:51:09 AM

Quote from: Elwar on December 21, 2013, 03:17:57 AM

Quote from: TERA on December 21, 2013, 03:13:09 AM

Quote from: Elwar on December 21, 2013, 03:12:20 AM

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

Safe money, is there such thing really Huh

Matthew 6
19 “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal.

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

weak hands have to be purged

Topic: I've cashed out but this is not the end. (Read 5449 times)