Sell Everything? - page 5. | Bitcointalksearch.org

ErikSneijer

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Quote from: BitHodler on February 23, 2017, 10:16:54 AM

Quote from: Qartada on February 23, 2017, 09:46:11 AM

When the price is over $1200, a fall of $100 is almost nothing.

It highly depends. If you just have 0.1BTC then such a decrease in price won't impact you, but if you have thousands of coins, then it's completely different.

It's well known that the more you own, the more you potentially lose. In the latter case an 8% decrease results in your coins losing hundreds of thousands of $ in value. Definitely not what I consider to be *almost nothing*.

This is true and the impact will be much bigger if you invest a lot in the Bitcoin then when you do it with less like.
But if you look how things are going with the price of the Bitcoin. I don't think that you will lose a lot of money. At least i hope you don't lose a lot of money.

sunsilk

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Quote from: simpler2016 on February 26, 2017, 03:38:09 PM

I have many friends who are willing to sell all their savings Bitcoin because of what is now the high price of cryptocurrency. They bought Bitcoin for 500 and for sale in 1100 for them to be profitable. But they do not because of the panic, but because of what is considered a logical sale

That's a very calm type of trader this is the type that who are going to earn good amount in terms of trading.

And now look on how much they bought bitcoin and comparing with the current price of bitcoin, surely they got profit from it already.

It can even tripled for the next months.

glerand

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Quote from: simpler2016 on February 26, 2017, 03:38:09 PM

I have many friends who are willing to sell all their savings Bitcoin because of what is now the high price of cryptocurrency. They bought Bitcoin for 500 and for sale in 1100 for them to be profitable. But they do not because of the panic, but because of what is considered a logical sale

The bitcoin price will rise again. So it is better not to sell.

simpler2016

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I have many friends who are willing to sell all their savings Bitcoin because of what is now the high price of cryptocurrency. They bought Bitcoin for 500 and for sale in 1100 for them to be profitable. But they do not because of the panic, but because of what is considered a logical sale

richardsNY

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Quote from: hamiltonik on February 26, 2017, 01:38:10 PM

Some newcomers such price drop is taken very seriously. After Bitcoin will become cheaper by $ 100, they begin to hysteria and sell everything

It's a common practice in basically every market. They panic sell at a loss when the price goes down, and they buy back their coins at a premium at the time the price goes up again. Point is that they after a while figure out what they did wrong, so they won't make the same mistake again. And there are always people that never learn as they continue to make rookie mistakes. These people should just quit trading.

hamiltonik

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Quote from: Qartada on February 23, 2017, 09:46:11 AM

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Sell your kidneys if you have to, you can buy new ones next year when btc is 100k Cheesy

Hahaha that is a desperate move just to buy some bitcoins. Grin

But for someone that is willing to do that for how long is he going to wait before it reaches $100k.

I don't think that next year 2017/2018 is going to be enough just to make the bitcoin reach and make itself into a 6 digit value coin.

But I won't do it anyway better to sell some unused goods that I don't need anymore and I would sell some of my coins but still keep on holding.

I think the price of the bitcoin will not be 5 digits. It will be around $1500 to $3000.

Many people are predicting that BTC can be 3000 by end of 2017 so anything is possible. I can also be worth 0. Nothing is impossible!

Nothing is impossible, I agree with you. I believe bitcoins and I will continue holding. Bitcoin already prooved to be a strong and trusted currency. Who is here today I consider a pathfinder, because few persons in the world are using bitcoins now, when many start coming to crypto currency, the first persons here will be already rich holding their bitcoins and I want to be one of them.

Yeah anything can happen with bitcoin and as a matter of fact the price now is falling. For sure this is the cause of those holders who are now selling .

And they got panic already upon seeing the price fall from $1,000. BUt still it's up to you if you are going to sell.

But I will going to keep on holding.

I think the price will not fall too much from current levels.

I am also confident that the price may fall to a maximum of $ 100. But this is a normal fluctuation of prices. You can make the purchase

When the price is over $1200, a fall of $100 is almost nothing.

Some newcomers such price drop is taken very seriously. After Bitcoin will become cheaper by $ 100, they begin to hysteria and sell everything

South Park

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Quote from: BitHodler on February 23, 2017, 10:16:54 AM

Quote from: Qartada on February 23, 2017, 09:46:11 AM

When the price is over $1200, a fall of $100 is almost nothing.

It highly depends. If you just have 0.1BTC then such a decrease in price won't impact you, but if you have thousands of coins, then it's completely different.

It's well known that the more you own, the more you potentially lose. In the latter case an 8% decrease results in your coins losing hundreds of thousands of $ in value. Definitely not what I consider to be *almost nothing*.

But that is true only if you bought at 1200 and who in their right mind bough when the price was 1200?
only speculators and newbies I suppose, if you bought at 900 you may lose some of your profits but the important thing is you still are generating profits with your investment on bitcoin.

raven7886

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Quote from: jaysabi on February 26, 2017, 12:51:10 PM

I think people talking about how much they would buy if it dropped to $300 take for granted that it will automatically rise again in the future. Nothing works that way. There are no guarantees. If the price dropped so severely, it is probably because the future outlook has been greatly diminished.

I am not believing in exact repeating of history. Because the user base and investors and their investment volume are few significant factors must be differing from last time. Even some part of people get panic on a slide, I believe rest of people will be backing bitcoins by NOT selling all the bitcoins they are holding.

Sell everything is not a recommended action for any kind of market situation. Because it will throw you out of race within seconds.

jaysabi

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Quote from: TheUltraElite on February 26, 2017, 03:21:45 AM

Quote from: Atmelin on February 25, 2017, 04:37:24 AM

Quote from: TheUltraElite on February 25, 2017, 03:59:34 AM

Most of us are hoping to see big rises in bitcoin prices in the next few months and years maybe upto 1500$+. It may take some time and maybe associated with dips in prices as well. But then I am also hoping prices to reach such amounts and hoping to sell much of my coins then. It will be a big profit then. Otherwise I will just hold the coins and sell at other prices when targets reach.

It might take a few months to achieve $1500. There will be dips, not worry.

I am ready for dips. In fact I hope prices dip upto 300$ so I can buy more again. I am a very patient type of trader enough to hold coins upto a decade.
I never panic on the field or get tensed specially since its bitcoin.

Selling everything is never my thing again. In that case its difficult to get back into the business. One thing I do often is sell smaller parts of it to book profits and then bank that. Maybe reinvest it later on as well.

I think if the price dropped from the $1200 range to $300, many people would be wondering about the future of Bitcoin, not backing up the truck to load up on a coin whose future is suddenly in doubt. A 75% decline would cause panic. I think people talking about how much they would buy if it dropped to $300 take for granted that it will automatically rise again in the future. Nothing works that way. There are no guarantees. If the price dropped so severely, it is probably because the future outlook has been greatly diminished.

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