Selling Bitcoin = Opportunity loss?! - page 28.

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Quote from: xFiber on June 24, 2017, 05:26:11 AM

Yea I think selling bitcoin for Fiat is quite a waste. Just knowing that there is only a supply of 21 million makes it extremely valuable. Think about it. There are 7.5 billion people on this world. So if everyone starts to learn about bitcoin just imagine what the price can be.

Scarcity alone is nowhere near enough to make something valuable

Apart from being scarce, to be valuable a thing should be actually useful at that. So the fact itself that there are only 21M bitcoins and over 7 billion people in the world doesn't tell us anything in this regard. For example, once there was a coin plainly dubbed 42Coin. 42 in the name referred to the amount of total coins to be mined, i.e. just 42 coins. It was expected that one coin would cost around 1 million dollars since when it started Bitcoin was around 1,000 dollars per coin which would justify that price if it proved to be as useful as Bitcoin. Obviously, it wasn't and thus it quickly turned into crap worth of nothing. So it kinda looks it is you who should first think about it

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Quote from: xFiber on June 24, 2017, 05:26:11 AM

Yea I think selling bitcoin for Fiat is quite a waste. Just knowing that there is only a supply of 21 million makes it extremely valuable. Think about it. There are 7.5 billion people on this world. So if everyone starts to learn about bitcoin just imagine what the price can be.

Don't you go that far bro. Us imagining that 7.5 Billion people of the world will use Bitcoin is a complete wast of time. You know why? For the simple fact that not even all of our population is using Credit Cards why do you think Bitcoin will succeed in that? Also to the fact that some countries are conservative about Bitcoin won't make your assumption about Bitcoin will ever happen.

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Quote from: cipherer on May 17, 2017, 03:54:03 PM

Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?

Its not actually an opportunity lost since you are still gaining profits on our selling times as long we are on profit we cant consider it a loss unless if you sell on cut losses then its really a disaster.It depends on people if how he gonna handle his own bitcoin if he tends to hold up for future or just on shorting. The thing we do only lost when selling to early is the possibility of price increase on the future.

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Yea I think selling bitcoin for Fiat is quite a waste. Just knowing that there is only a supply of 21 million makes it extremely valuable. Think about it. There are 7.5 billion people on this world. So if everyone starts to learn about bitcoin just imagine what the price can be.

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Quote from: Pearls Before Swine on June 23, 2017, 06:35:44 PM

Yes, I completely agree with this. This is the main reason why I can't stand to spend bitcoin! If I spend it now, 12 hours later it could very well be that I missed out on doubling my purchasing power. And this is also the main reason why bitcoin isn't performing well as a currency, i.e., people hoard it instead of spending it. I feel dirty and depleted when I spend bitcoin, plus it's also like I got smacked in the face when I pay $5 just to send $100 or something just as crazy. I love bitcoin, but it's got a lot of warts.

If you consider bitcoin as a form of currency and accept that way the price is in the market, you have nothing to regret about when using. You just consider bitcoin as a form of investment, and spending from your investment feels bad when you see the price go up.

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Quote from: cipherer on May 17, 2017, 03:54:03 PM

Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?

Price is not guaranteed that said we can go into historical data to prove at any point in time prior to 2017 even peak period 2013 holding it does pay off, of course you trade time. A person with a one or two year time horizon would not see the rally if they bought at the peak etc.
Determining your real profit point is all that matters in the end and where you want to execute your trading.

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Quote from: CyberKuro on June 23, 2017, 07:45:53 PM

Quote from: odolvlobo on May 17, 2017, 04:04:11 PM

You are assuming that the price will continue to rise. That is not guaranteed, so selling is not necessarily lost opportunity.

Selling may be the way to maximize your return, but it depends on the risk of holding.

The problem is, who knows whether bitcoin price will stop right here at some point or will continue to rise, so sell it in hurry and you will regret it tomorrow when bitcoin price keep growing

Such feelings are entirely psychological or even illusory

While profits are real, especially profits in the range of thousands of percentages and thousands (if not millions) of dollars. So these regrets may be genuine (no less "genuine" than any other feelings are), but the regrets of not booking profits would not only lead to regrets as genuine (in fact, they would be a lot more severe), but also to real money lost. This is the difference which we should never forget of (profits not earned and profits lost)

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Quote from: The_Dark_Knight on June 23, 2017, 06:22:40 PM

Quote from: cipherer on May 17, 2017, 03:54:03 PM

Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?

It is not an opportunity loss if you can time the market, but since that is difficult those that can take advantage of that are those that are very talented in trading and that is not something the average trader can do for the simple fact the he is average.

Yeah experienced traders do such things as stated above. But in my opinion when a trader has got the profit that he has been targeting on, then there is nothing like a opportunity loss. Because price increase is quite common, so at any point one cannot make a selling thinking the next day price may peak.

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Quote from: CyberKuro on June 23, 2017, 07:45:53 PM

Quote from: odolvlobo on May 17, 2017, 04:04:11 PM

You are assuming that the price will continue to rise. That is not guaranteed, so selling is not necessarily lost opportunity.

Selling may be the way to maximize your return, but it depends on the risk of holding.

The problem is, who knows whether bitcoin price will stop right here at some point or will continue to rise, so sell it in hurry and you will regret it tomorrow when bitcoin price keep growing.
Yes, you're right, there is no any guarantee but we know bitcoin price always increases, year after year, from nothing - 8 years ago to $2600 today. So, people who sell or hold bitcoin have different chances to doubled their funds.

As long as you're selling with profits already i don't see it wrong to sell your btcs. You're going to sell them eventually in the first place ao if you already feel like it and your okay with your profits, i don't there should be any regrets. Yeah the price may go up but it may also not and instead of you regretting selling, you may end up regretting not selling your btcs. So if you're already comfortable with your profits, then sell your btcs.

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Quote from: odolvlobo on May 17, 2017, 04:04:11 PM

You are assuming that the price will continue to rise. That is not guaranteed, so selling is not necessarily lost opportunity.

Selling may be the way to maximize your return, but it depends on the risk of holding.

The problem is, who knows whether bitcoin price will stop right here at some point or will continue to rise, so sell it in hurry and you will regret it tomorrow when bitcoin price keep growing.
Yes, you're right, there is no any guarantee but we know bitcoin price always increases, year after year, from nothing - 8 years ago to $2600 today. So, people who sell or hold bitcoin have different chances to doubled their funds.

Pearls Before Swine

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Yes, I completely agree with this. This is the main reason why I can't stand to spend bitcoin! If I spend it now, 12 hours later it could very well be that I missed out on doubling my purchasing power. And this is also the main reason why bitcoin isn't performing well as a currency, i.e., people hoard it instead of spending it. I feel dirty and depleted when I spend bitcoin, plus it's also like I got smacked in the face when I pay $5 just to send $100 or something just as crazy. I love bitcoin, but it's got a lot of warts.

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I dont think what you are telling is correct, their are users who are earning good in salary so what ever they are earning in bitcoin that they can save it, but like me who are earning very less so what ever earning in bitcoins have to convert 50% in fiat currency to meet my family expenses. So i think we earning bitcoin for our needs and when that needs are full filled that is the correct time.

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Quote from: cipherer on May 17, 2017, 03:54:03 PM

Many posts discuss the possibility of exchange earnings with selling Bitcoin (and buy later). Other posts discuss the Bitcoin exchange rate, it seems that many agree there is a strong upward tendency and the volatility is hard to predict. It seems dat selling Bitcoin results in a serious probability of an opportunity loss. Selling Bitcoin can only be motivated by an (partial) exit. Do you agree?

It is not an opportunity loss if you can time the market, but since that is difficult those that can take advantage of that are those that are very talented in trading and that is not something the average trader can do for the simple fact the he is average.

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I'm going with 50/50, since Bitcoin is becoming a profitable and credible currency across the whole world so it would be useful for adding up to your opportunity. But if you think about the volatility of Bitcoin then you will be really confused about your decision...so Bitcoin can change anything, it can change your money into Worthy or worthless...

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Quote from: jovs on June 23, 2017, 10:19:21 AM

Quote from: ?? on ??

I can agree since i believe bitcoin have lots of potential and bright future. But, sell bitcoin might be great idea for those who think bitcoin problem can't be resolved or the price can't grow much anymore.
So, it depends on what people believe.

Yes bitcoin probably do have a future so many people think that holding bitcoin is a much better idea rather than to sell it. But on a trading aspect buying and selling is quite natural to happened or to do. It just need a proper management and good manipulation. If you want to earn more or to have a more oportunity on selling why not, you will just need to monitor the price as it increases or decreased so may have an interest everytime you buy back bitcoins.

Exactly, people do not know about trading, they often choose keeping Bitcoin in a long time then sell when they have money problems or continue to hold until they see it was a good price and suitable for sale. For traders, buying and selling are things that happen frequently, they will sell when the price of the bitcoin is pumped to the highest and will buy when the price of bitcoin collapse, depending on their analysis and experience. Selling Bitcoin = Opportunity loss, stand in a certain aspect, I think this is true but the losses will not be too great if we sell it at the right time

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some of us selling bitcoins because they thought that bitcoin price could possibly go down again and never come up again this is wrong about these people they didn't study bitcoin that well if they only knew that bitcoin price could actually hit more than we have right now they won't sell it anymore but in some cases some of us selling bitcoin because they needed the money.

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Quote from: holtzmann on June 23, 2017, 10:59:35 AM

Tough to tell. The question is whether it is vital for you to sell them. If it is a matter of urgency, then compare bitcoin prices among the exchanges, find the highest rate and sell them. You will do well out of it anyway.
If you anticipate bitcoin to increase in value and you are not pushed by any circumstances, then hold them for a while and watch bitcoin behavior.

Some people can do it and some people can't. I think that's as simple as it can get because if we could all predict the price for Bitcoin then there wouldn't be any speculative topics within Bitcointalk.

In most cases, people that sell their Bitcoins usually regret selling them too early.

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Tough to tell. The question is whether it is vital for you to sell them. If it is a matter of urgency, then compare bitcoin prices among the exchanges, find the highest rate and sell them. You will do well out of it anyway.
If you anticipate bitcoin to increase in value and you are not pushed by any circumstances, then hold them for a while and watch bitcoin behavior.

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If you have need for funds, then sell it, otherwise don't because you realy might loose the opportunity to earn some extra. But depends also how did you get to these Bitcoins, have you bought them or earned them. Anyway, I beleive that the price will go up a bit more so hold at least some of amount if you have intended to sell the rest.

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I can agree since i believe bitcoin have lots of potential and bright future. But, sell bitcoin might be great idea for those who think bitcoin problem can't be resolved or the price can't grow much anymore.
So, it depends on what people believe.

Yes bitcoin probably do have a future so many people think that holding bitcoin is a much better idea rather than to sell it. But on a trading aspect buying and selling is quite natural to happened or to do. It just need a proper management and good manipulation. If you want to earn more or to have a more oportunity on selling why not, you will just need to monitor the price as it increases or decreased so may have an interest everytime you buy back bitcoins.

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