[Poll] If this happens, is it time to sell your Bitcoin?

Welsh

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Quote from: magneto on November 11, 2021, 11:02:45 PM

Oh, you'd be surprised how fast things can unravel.

Zimbabwe and Venezuela were both very prosperous countries a few decades before their economic systems were subject to complete collapse. I believe one stage Zimbabwe even had a higher exchange rate than the USD.

When your whole economic system is built upon a house of cards, it's not going to last.

I'd argue that the political stability was much more fragile than that in the USA. We all know that the US has a lot of problems, and at times things can start to look like the balance has tipped, but I still think they've got a lot more resources to combat any significant dip. Civil unrest, and various other factors contributed to Zimbabwe. You're right though, I might be slightly underestimating how quick things can change, though I think I still stand by my original stance, not going to happen anytime soon (within 10 years).

Quote from: tokeweed on November 17, 2021, 12:55:29 PM

Interesting poll result... Would it be possible to know what the rank of those who voted that ‘it’s gonna be different this time.’? I’d say most of them are newbie accounts and have entered the space around late 2020, early 2021 or so.

I tend to find that the older users here are a little more optimistic, than the ones that have just invested. I would wager a guess that most long term users, were hoping for the best which swayed their vote to thinking it was different. For example, I don't actually tend to take notice of much of the patterns, because I like to follow the correlation doesn't equal causation approach. Though, I hadn't voted on this poll.

tokeweed

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Life, Love and Laughter...

Interesting poll result... Would it be possible to know what the rank of those who voted that ‘it’s gonna be different this time.’? I’d say most of them are newbie accounts and have entered the space around late 2020, early 2021 or so.

Silberman

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Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

A fiat collapse is basically guaranteed as it is impossible to maintain a system that steals from the majority in the form of inflation up forever, however I am not so sure about this being imminent, governments are experts at manipulating the population and most of the population is sleeping and cannot see what is happening, so I would think the current system can last a few more decades even if it is becoming more unstable as we speak, as the pandemic forced governments to print a lot more money than what they would have liked to print and this is finally showing in a level of inflation which cannot be ignored by the population.

wxa7115

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Bitcoin is GOD

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Is it different this time? Will there be no bear market?

I can understand why some people could be interested in selling right now, as they may be expecting that history will repeat itself once again and they want to keep the profits they have accumulated during the past year.

However I think we are slowly reaching the scenario in which we will never have to sell our coins, I do not think the price will crash as massively as it did back then as the circumstances are completely different now, we have institutional investors, adoption has grown massively since 2017 and an economic crisis is looming on the horizon, so I think the market is not going to behave as it did back then.

magneto

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Quote from: Welsh on November 11, 2021, 07:19:26 AM

Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

A total collapse? Probably a long way off of that currently. However, we can definitely expect something similar to 2008/2009 where there was a global recession. This has undoubtedly been escalated by Covid, and the measures that needed to be taken for that. A global recession something like 2008/2009, probably bigger is likely to be imminent, but I wouldn't go as far to say that a complete collapse is imminent.

Also, there is likely a ceiling that Bitcoin will hit, as with everything. Though, at this moment considering the currency is relatively new, it's hard to figure out what that ceiling might be when it has already broken a lot of peoples expectations.

Oh, you'd be surprised how fast things can unravel.

Zimbabwe and Venezuela were both very prosperous countries a few decades before their economic systems were subject to complete collapse. I believe one stage Zimbabwe even had a higher exchange rate than the USD.

When your whole economic system is built upon a house of cards, it's not going to last.

TimeTeller

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Quote from: Jating on November 11, 2021, 06:35:54 PM

Quote from: Welsh on November 11, 2021, 07:19:26 AM

Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

A total collapse? Probably a long way off of that currently. However, we can definitely expect something similar to 2008/2009 where there was a global recession. This has undoubtedly been escalated by Covid, and the measures that needed to be taken for that. A global recession something like 2008/2009, probably bigger is likely to be imminent, but I wouldn't go as far to say that a complete collapse is imminent.

Also, there is likely a ceiling that Bitcoin will hit, as with everything. Though, at this moment considering the currency is relatively new, it's hard to figure out what that ceiling might be when it has already broken a lot of peoples expectations.

I don't think there will be ceiling for bitcoin price? Unless we really reach the point 'where all btc has been mined', so it might take at least 3-5 halvings to realized that.

In any case, I see people still holding their precious bitcoin even if we didn't reach 6 digits, and I'm somewhat on that side as well. There were instance that I took short term profit, but looking back now, I should have hold and then just wait for the right time to sell and probably I could have profit x more amount in terms of fiat. So now I've learn from that mistake so I will still hold no matter what and wait for the next halvings.

Not many people can hold long term especially for those people who need their cash to survive.
But if you are lucky and can hold it long term, why not? The price of bitcoin is continuously increasing and based from graphical predictions, it will continue to rise in the coming years.
So even if we say, btc will not reach $100k this year end, the possibility of rising its value in the succeeding years is high.
And with that idea, I guess, a lot will be holding their satoshis as they hope to get as much profit as they can.

Jating

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Quote from: Welsh on November 11, 2021, 07:19:26 AM

Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

A total collapse? Probably a long way off of that currently. However, we can definitely expect something similar to 2008/2009 where there was a global recession. This has undoubtedly been escalated by Covid, and the measures that needed to be taken for that. A global recession something like 2008/2009, probably bigger is likely to be imminent, but I wouldn't go as far to say that a complete collapse is imminent.

Also, there is likely a ceiling that Bitcoin will hit, as with everything. Though, at this moment considering the currency is relatively new, it's hard to figure out what that ceiling might be when it has already broken a lot of peoples expectations.

I don't think there will be ceiling for bitcoin price? Unless we really reach the point 'where all btc has been mined', so it might take at least 3-5 halvings to realized that.

In any case, I see people still holding their precious bitcoin even if we didn't reach 6 digits, and I'm somewhat on that side as well. There were instance that I took short term profit, but looking back now, I should have hold and then just wait for the right time to sell and probably I could have profit x more amount in terms of fiat. So now I've learn from that mistake so I will still hold no matter what and wait for the next halvings.

Welsh

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Activity: 3304

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Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

A total collapse? Probably a long way off of that currently. However, we can definitely expect something similar to 2008/2009 where there was a global recession. This has undoubtedly been escalated by Covid, and the measures that needed to be taken for that. A global recession something like 2008/2009, probably bigger is likely to be imminent, but I wouldn't go as far to say that a complete collapse is imminent.

Also, there is likely a ceiling that Bitcoin will hit, as with everything. Though, at this moment considering the currency is relatively new, it's hard to figure out what that ceiling might be when it has already broken a lot of peoples expectations.

rodskee

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Merit: 205

Quote from: OgNasty on November 06, 2021, 05:21:11 AM

With some people starting to talk about double tops and calling Bitcoin’s ATH in the rear view, do you think it’s time to sell if we don’t see the stock to flow $100K target hit in December?

With other bubbles in 2013 & 2017 being in December, do you sell next month no matter what happens?

Is it different this time? Will there be no bear market?

With the continues breaking of All time high this year , i believe that Bitcoin will continue to push up the price this whole year and i doubt that selling must take place .

i would rather buy more when there is a dump than selling mine.

Quote from: magneto on November 10, 2021, 07:53:33 PM

Voted for the fourth option.

and also me, voted for the 4th option.

Quote

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

i may sell when 100k reached .

Quote

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

well Mine is already semi long term as i have been holding for almost a year now.

magneto

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Merit: 753

Voted for the fourth option.

I'm keeping BTC as a long term hedge against a fiat collapse, which will be imminent.

I'm not interested in taking profits in the short run quite honestly - you might feel great for a while, and you could even potentially buy back for cheaper, but history has taught us that more often than not BTC will be on an uptrend long term due to its scarcity.

stomachgrowls

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Quote from: Silberman on November 10, 2021, 04:39:40 PM

Quote from: TravelMug on November 06, 2021, 07:53:21 PM

Like the majority here, I also wouldn't want to sell my bitcoin even if the 6 digit target is not met in December. Who knows, maybe it will just be push through the first quarter of 2022 and that the S2F model will have to change its order again. I've learn my lessons in the 2017 bull run.

If I would just have hold them and wait 4 years, my investments may have exploded already x3 the very least.

It is painful to have to learn lessons the hard way but it is what it is, at least you learned your lesson, there are people that sold their coins back then and instead of doing something about it they are just complaining, which means they have been missing the current bull run and they are going to miss the rest of the bull run as well, so we need to make sure to keep whatever bitcoin that we have as even 100k is a low price when we think about the long term potential of bitcoin.

You wouldnt really miss another bull run if you had missed the other one ealier.There are countless numbers of opportunity for you to get in whenever you do like and that will vary or depend on when you would be doing it.

Regrets do always come in the end and it isnt really something that you could look for it to happen first.This is why life outcomes will really be depending
on your decisions that had been made earlier.

If you do have past experience on missing out big profits because you had tend to hold for more and the market had plummeted then that would really be
giving out some anxiety which would last for a while or wont really be forgotten which it would really be adding up on your experience as you do
go further.

Silberman

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Quote from: TravelMug on November 06, 2021, 07:53:21 PM

Like the majority here, I also wouldn't want to sell my bitcoin even if the 6 digit target is not met in December. Who knows, maybe it will just be push through the first quarter of 2022 and that the S2F model will have to change its order again. I've learn my lessons in the 2017 bull run.

If I would just have hold them and wait 4 years, my investments may have exploded already x3 the very least.

It is painful to have to learn lessons the hard way but it is what it is, at least you learned your lesson, there are people that sold their coins back then and instead of doing something about it they are just complaining, which means they have been missing the current bull run and they are going to miss the rest of the bull run as well, so we need to make sure to keep whatever bitcoin that we have as even 100k is a low price when we think about the long term potential of bitcoin.

Welsh

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Activity: 3304

Merit: 4115

I'll be selling a bit of my Bitcoin when it gets to the $100k (£74k) mark since I want to fund a trip with some of that money, and that's the price I've justified paying it with Bitcoin, however that's only if it happens within the next 6 months. Otherwise, I'll be keeping all my Bitcoin where it belongs.

I don't tend to follow the trends, and current speculation. I treat Bitcoin as a way of storing my money, that is at the moment continuously appreciating in value on a yearly basis, and can't be touched by the greedy banks. So, I only ever withdraw when there's a need. Usually, when I want to dip into it for emergency use or recreational.

I'm also a firm believer in most people don't understand that correlation doesn't mean causation, and therefore tend to avoid any sort of advice other than my own gut instincts. Served me fairly well over the years, though I'll be honest I could definitely be a lot richer if I were a little more courageous in storing most of my wealth in Bitcoin.

JimboToronto

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You're never too old to think young.

This is a faulty poll. It doesn't specify if it means selling all one's Bitcoins or what part of them.

I voted "I'll never sell" because I'll never sell all or even most of my coins at once.

Of course I'll keep selling small amounts of my coins regularly to meet expenses. I'll also sell slightly larger amounts as necessary as I did last winter/spring to buy a lake.

Having an FU amount of coins isn't about their dollar value. It's about having enough coins that they increase in value faster than you can spend them.

Lucius

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Blackjack.fun-Free Raffle-Join&Win $50🎲

Quote from: aoluain on November 09, 2021, 04:16:43 PM

and as regards technology I have just learned that the CEO of Apple Tim Cook owns Crypto
https://twitter.com/BTC_Archive/status/1458093050304024577?t=58e2bDpjzd7EYLFvhemIVA&s=09

Quote

Apple CEO Tim Cook owns "crypto"
“I’ve been researching it for a while”

Interesting how he avoided saying exactly what he owns, because crypto is a very general term - he may not own Bitcoin at all. I personally know at least a dozen people who own crypto, but none own Bitcoin - at least not the one that matters. Most of those who just want to profit as quickly as possible are targeting altcoins, but the market is open to everyone and anyone can spend their money however they want.

It would have been even better if this reporter took the opportunity and asked the CEO if Apple plans to invest in crypto as a company Cheesy

STT

legendary

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I dont think its a sell just from the 100k target, because we dont know it cant happen in Jan 2022 or later still. Why should a fixed year calendar be the basis for movement in pricing and various contracts that adjust bid and offer to resolve upwards. We dont know, its far better to judge the pattern of the lows I think.
Right now BTC could pullback despite making a new ATH it would bearish some to even appear as a failed breakout. I think if we can keep the lowest prices above 65k or so then it might be fine. This will always be my best advice though, watch the lows closest as high prices are very frothy and prone to disappoint on a normal regular basis just because they arent dependable in their pattern half as much.

Oceat

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Quote from: Chato1977 on November 09, 2021, 06:19:25 AM

Sorry to break many heart here but I am now going to sell my coins now , i am ok to gain my profit now at 68k and i may keep the holding because there are many time to come buying again.
surely this will dumped in the following months as this is the trend of crypto market.

You must be new to this market, well, it's our choice though whatever we want to our Bitcoin. Some may sell, some may hodl for a longer time but it depends each on everyone of us. The movement like dumping after reaching an ATH is like a 2017 move but we all have our personal reasons on why we do hodl or sell.

Bitcoin is still unpredictable imo and looking at the price of it this time is kind of dangerous or maybe I'm not so used to it that every bull run it gives a different vibes when hitting another ATH in a multiple way.

FanEagle

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Quote from: bitterguy28 on November 09, 2021, 06:16:07 AM

Quote

Yes, the stock to flow model is done.   - 4 (11.8%)
Yes no matter what. Always sell in December every 4 years.   - 6 (17.6%)
No, Bitcoin will keep rising. It’s different this time.   - 16 (47.1%)
No, I will never sell my Bitcoin.   - 8 (23.5%)
Total Voters: 34

The votes says it all , we are going to keep Holding as we have now seeing the increasing market again and again.
if there is something bad coming at least we are into great profit already considering that our holding is mostly multiplied by 2 now.

though i may sell before the end of year yet I am still undecided if will sell or not.

That voting result shows more than what people think. That shows hope for the future and many people do not understand the ramifications of what hope could do. If you are hopeful and you think that things will be great then you could honestly do as well as you could imagine because crypto world is only going up because we are hopeful and buy. Without people buying we can't go up, it is required for people to buy in order to go up and if we are all hopeful about the future price then we are going to keep on buying.

What people do not realize about the current price is that, someone bought at 68k, if nobody bought at that price then we wouldn't be there, which means someone said "even at 68k it is still good because the future is even higher" and that is how we got here. I hope that this continues no matter how high the price becomes because it is something we definitely need.

aoluain

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Quote from: Lucius on November 09, 2021, 05:59:18 AM

Quote from: Heisenberg_Hunter on November 08, 2021, 02:05:08 PM

Rich individuals like Elon were the sole reason for shitcoins like DOGE/SHIB being pumped even till today. Moreover, there are quite a few like Michael Saylor or the President Nayib Bukele who truly believe in the potential of Bitcoin and try to stay on radar without shit posting on twitter about other coins. Wish the future powerful investors be the same like Jack Dorsey/Saylor.

There is no doubt about that, and the result is that many have invested in D believing that the price will only rise, and today they are at a loss (in case they have sold). I would say this is kind of good because they may have learned an important lesson and understood the difference between altcoin which has unlimited supply (and dubious application) and Bitcoin which is something completely different.

Quote from: Heisenberg_Hunter on November 08, 2021, 02:05:08 PM

Indeed very true. We never know if companies like Apple own bitcoin which were bought through various OTC trades but if their trade tends to go public anytime in future it might create a bullish movement and can change the way how bitcoin was conceived in public back in the early days.

I'm not sure if these companies can keep such an investment a secret, because in the case of Tesla, as far as I know, it had to be made public - and it happened a few months after the investment. I know people speculate a lot about Amazon or Apple when it comes to Bitcoin, but you should know that the management structures of these companies are not exactly pro-Bitcoin - so if I'm not mistaken one of Apple's biggest shareholders is the famous Warren Buffett, who has a very negative attitude about Bitcoin.

Quote from: aoluain on November 09, 2021, 02:46:03 AM

Saylor in particular as well as Dorsey and Bukele have an unbelievably positive outlook,
they cannot be the only ones and their outlook cannot go unnoticed and not acted on by
others.

The president of a country or the CEO of Twitter just can't get under the radar when it comes to things like this, nor can Saylor who is the CEO of a large company that has invested everything in BTC. They use their status to strengthen their positions, the success achieved by Bitcoin is their personal success.

I agree especially in the case of Saylor that he is very actively strengthening
his position, Dorsey is actively creating something to add to the Bitcoin technology

Jack Dorsey wants to make Bitcoin the 'native currency for the internet.'

and as regards technology I have just learned that the CEO of Apple Tim Cook owns Crypto
https://twitter.com/BTC_Archive/status/1458093050304024577?t=58e2bDpjzd7EYLFvhemIVA&s=09

Quote

Apple CEO Tim Cook owns "crypto"

“I’ve been researching it for a while”

Realistically its safe to say that anyone in the tech industry not looking at Bitcoin
at this stage has their eyes off the ball.

Its public announcements like Tim Cook's which cements the thinking that
"No, Bitcoin will keep rising. It’s different this time."

Chato1977

member

Activity: 1162

Merit: 58

Sorry to break many heart here but I am now going to sell my coins now , i am ok to gain my profit now at 68k and i may keep the holding because there are many time to come buying again.
surely this will dumped in the following months as this is the trend of crypto market.

Topic: [Poll] If this happens, is it time to sell your Bitcoin? (Read 497 times)