Topic: Please sell your coins if you are nervous (Read 1738 times)

No all my btc are in cold storage where they will remain for at least the next halving. The price can go to zero and though I will be disappointed the project failed my real life will be entirely unchanged.

The reason you are a loser is that you have been burnt by bitcoin once and now embittered by the loss you post negative tripe to attempt to sway forum readers into selling. And why? So you can have a second chance to buy in - expecting large subsequent price rises, after you do, of course. If you had balls you would have shorted this decline instead of clogging the forum with bile.

I would wager most bitcoin enthusiasts are like me. If they are they will seize this manipulated decline by adding to their holdings.

Keep hoping for double digit coins!

WORD!!

Well, with bitcoin the more it drops the more people will try to get out in fear so it can depress the price worse temporarily and having people continue to believe in it can make it actually work long term so it's not really surprising that people will cheerlead-it's what makes Bitcoin work and has made it so successful for something that didn't even exist 5 years ago.

That said, I wouldn't buy into bitcoin hoping that it'll go to x price, I'd set a goal for how many bitcoin you would like to own because you believe in it that amount and then work to acquire that number of coins and hold onto them for the long haul.  Bitcoin will work out and it will change the world but there will be a lot of challenges along the way and right now a lot of them are legal and tax reasons that make it difficult for the price to keep skyrocketing.  That *will* change over time as more and more businesses get into Bitcoin but it also means that it's moronic to buy Bitcoin hoping for a 20,000% return this year.
So I'm holding even though my average price (via mining and purchases-which unfortunately in the US is equivalent legally to just buying it at the price the day you mined it) is about 50% higher than the current price and that's only because I averaged down when it hit $300 and I plan to keep holding most of it because that's the goal number of Bitcoins I wanted to acquire and I've acquired it.  So I'm not sweating the capital losses even though it's probably something like 30% of what my pretax income was last year.  I'll make more money elsewhere and wait because I still believe in it.  If it doesn't work out in the end I'm not going to be homeless because I have other opportunities and work to do so unless you have millions in VC backing or something I wouldn't quit your day job to bet everything you have on bitcoin.

If you want to dump your bitcoins in an insane panic you can go right ahead but it makes no sense to panic sell because there is nothing to justify insane panic selling. Flipping out every time the price goes up or down is going to drive you crazy.

Honestly I'd figure out what your goals are with wanting to own how many bitcoin and frankly I would just buy them on the market because figuring out your taxes on mined bitcoins is a nightmare, at least if you live in the US.

Hey man, very cool website in your sign. Are they known or fairly new? Any pictures of their coins? I'm creating a thread dedicated to physical coins, will add this website

Donation is also an option
Stressed people may have to pay more for medicines while BTC price will keep its ups and downs. May not worth it.
And the "strong hands" should make the addresses more public.. you know, for the donations

Yes sell away.  Better to do that then remain stressed out over possible outcomes.

I understand your anger. You're living in denial. For all I know, you might have fiat and/or BTC funds stored in Bitstamp, and it's painful for you to realize that you'll never get them back.

Have fun with this whole Gox 2.0 situation. More cheap coins for you true believers, right?

LMAO

taking biased statements to a whole new level!

The only thing here which is toxic is you, urchin!


This is after you sold at a huge loss..


And from before you bought high sold low..oops.


GTFO!

Uh, you do realize what you're saying here, right?

It's true, you shouldn't invest in Bitcoin if you are not willing to take a complete loss or can't cope with dire times like these. But please make up your mind before completely selling all your coins! You may regret it and buy them back at a higher price. Don't listen to people on the Internet what this is concerned!

I'm sure you cultist bulltards will be able to recruit more Average Joes into your imploding ponzi scheme when you keep referring to sane people as "weak hands", "sheeple", etc.

Not a toxic or cultish community at all, amirite?

Anyway: Have fun going down with this ship.

eh?

exactly how long have you been around you fucking clown?

Go and google "Gox bots Markus Willy".

It is a !!confirmed fact!! that Gox are minus around 750'000 BTC, and that this roughly equates to the volume of fake trading executed by their trading bots.

well, the early adopter phase is long gone. Bitcoin is not pennies right now. so you can't be a "early adopter". Unless you're thinking that bitcoin will reach $100k/each.

that's bullshit and unbelievable story

They sell now, then in a few years they return and complain about all of the early adopters holding so many coins.

Most probably, the rampant rise of Bitcoin was largely due to fraudulent bot trading on Gox, which leaves Bitcoin rampantly overinflated, even at today's prices.

You may be correct. But again, do you prefer to have a yearly decline and think it would magically turn into profit in next 2 years? no, of course not. I am yes, holding my coins. But for more than a year. Bitcoin has been a complete decline. No positive news at all. And most probably the last year was just a bubble, which we might never even see again.

This is coming from me, who wants to see bitcoin each at $1000 again. But closing your eyes to things doesn't help

Yet you participate in the bitcoin forum discussion. lol

Sounds like you have a vested interest in bitcoin in some sense eh?