Investing in bitcoin is as risky as depositing into a dice site and gambling. It can drop too easily at any time, or rise. You don't know what to expect.
Even when it's down it could just be the start of a huge downhill drop, so don't be quick to buy in. Right now it's like choosing heads or tails to stay in. If you're scared of it dropping I'd leave now.
Topic: Should i cash out or not? (Read 3819 times)
you mean, should i cash out or nah?
https://www.youtube.com/watch?v=TUj0otkJEBo
please cash out i am loading up the truck, thanks.
https://www.youtube.com/watch?v=TUj0otkJEBo
please cash out i am loading up the truck, thanks.
Should cash out on this small rally if you didn't already. Technical indicators still pointing downward.
Which tech indis? In total worth over the past few days, I've lost thousands.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
Exactly, if im in a loss if i sellout, i just wouldnt do it, exept if i can buy back in cheaper , allowing my stash to grow in the time of price decline.
But its hard to predict market moves, so its also a gamble if you try to pull something like that.
I would rather wait dec/jan, and the try to make some sence of it, rather than just sell now.
Should cash out on this small rally if you didn't already. Technical indicators still pointing downward.
As others have said, if you panic sell at the first sign of trouble then speculation / trading game is not for you.
Question you need to ask yourself is, can I afford to lose my btc investment? If the answer is no, then you should not be in this game and protect yourself by casing out in case things go badly. No one knows the future.
If the answer is yes, then you can afford to hold until you think is worth casing out and try not to panic sell and just wait to see. I will be holding my coins because :
people talk a lot about what is happening, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed off (gvnt isnt that organised) then the market will go through these crazy cycles in the first years. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers.
Imagine what the price would be once SAmerica, IndoAsia and AFRICA start jump on board. Since this hasnt happened yet, I think we are still on the bull trend. I think about 1-4% of the world uses BTC or is aware of it now, thats a lot of upside potential...
Anyway, my logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....
as long as, on this next low price happenig now, we dont go below 50$ (the last low before 1200 high) then we are still on bull trend:)
my bet is down to 350 now, then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)
Question is can you afford to lose the money if this does not happen, and can you afford to WAIT for it to happen, if my view is correct?
Question you need to ask yourself is, can I afford to lose my btc investment? If the answer is no, then you should not be in this game and protect yourself by casing out in case things go badly. No one knows the future.
If the answer is yes, then you can afford to hold until you think is worth casing out and try not to panic sell and just wait to see. I will be holding my coins because :
people talk a lot about what is happening, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed off (gvnt isnt that organised) then the market will go through these crazy cycles in the first years. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers.
Imagine what the price would be once SAmerica, IndoAsia and AFRICA start jump on board. Since this hasnt happened yet, I think we are still on the bull trend. I think about 1-4% of the world uses BTC or is aware of it now, thats a lot of upside potential...
Anyway, my logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....
as long as, on this next low price happenig now, we dont go below 50$ (the last low before 1200 high) then we are still on bull trend:)
my bet is down to 350 now, then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)
Question is can you afford to lose the money if this does not happen, and can you afford to WAIT for it to happen, if my view is correct?
If we assume that there are approximately 1-2 millions of real bitcoin users, the world adoption is just ~0,038%. We have plenty of room to grow when it comes to user base.
You're right, I thought about it afterwards and realised I was being way too generous. But I'd say there are more than 2 mil using it - since many wallet providers already have more than 1mil wallets created. Would be interesting to get stats on how many wallets have more than 0 and how many are active etc
Anyway, you're right, even more potential upside than i thought!
Don't cash out.BTCBTCBTCBTCBTC
In total worth over the past few days, I've lost thousands.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
Why can't we all remember HOW long bitcoin rode the $100 train. We thought the value of bitcoin was good at $100. Then we got up to $1000 and we thought it was good. once it got to $500 people thought it was over. That's still FIVE TIMES the value people were happy at months ago.
Well, I shall be holding on to the bitter end, if that's what happening; it's $0 or big money for me, nothing in between 
congrats between the 2 of us we shall own 'ALL THE BITCOIN'
then we will make the big money on our reality TV Show....'Bitcoin Hoarders' and have the last laugh!
I made my bet...I'll live with the consequences.
Searing
In total worth over the past few days, I've lost thousands.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
All right already....we will split 'ALL THE BITCOIN' three ways .....sheesh....
Searing
In total worth over the past few days, I've lost thousands.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
In total loss, I've not lost a cent because I haven't sold.
Take that how you will.
If you can't cope with a slight correction you shouldn't invest in bitcoin at all. In fact you shouldn't invest in any asset if you can't control your emotions to a reasonable degree.
You should only invest what you can afford to loose.
For me bitcoin is superior money. I don't own much (that may be the reason I feel very relaxed). But from the very beginning I had no intention to exchange bitcoin back to fiat again.
ya.ya.yo!
You should only invest what you can afford to loose.
For me bitcoin is superior money. I don't own much (that may be the reason I feel very relaxed). But from the very beginning I had no intention to exchange bitcoin back to fiat again.
ya.ya.yo!
As others have said, if you panic sell at the first sign of trouble then speculation / trading game is not for you.
Question you need to ask yourself is, can I afford to lose my btc investment? If the answer is no, then you should not be in this game and protect yourself by casing out in case things go badly. No one knows the future.
If the answer is yes, then you can afford to hold until you think is worth casing out and try not to panic sell and just wait to see. I will be holding my coins because :
people talk a lot about what is happening, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed off (gvnt isnt that organised) then the market will go through these crazy cycles in the first years. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers.
Imagine what the price would be once SAmerica, IndoAsia and AFRICA start jump on board. Since this hasnt happened yet, I think we are still on the bull trend. I think about 1-4% of the world uses BTC or is aware of it now, thats a lot of upside potential...
Anyway, my logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....
as long as, on this next low price happenig now, we dont go below 50$ (the last low before 1200 high) then we are still on bull trend:)
my bet is down to 350 now, then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)
Question is can you afford to lose the money if this does not happen, and can you afford to WAIT for it to happen, if my view is correct?
Question you need to ask yourself is, can I afford to lose my btc investment? If the answer is no, then you should not be in this game and protect yourself by casing out in case things go badly. No one knows the future.
If the answer is yes, then you can afford to hold until you think is worth casing out and try not to panic sell and just wait to see. I will be holding my coins because :
people talk a lot about what is happening, but i look at market cycles. Unless BTC is fundamentally flawed (we all know its not) or will somehow be killed off (gvnt isnt that organised) then the market will go through these crazy cycles in the first years. Since most of the world does not yet use BTC, then as new markets move in, so do new buyers.
Imagine what the price would be once SAmerica, IndoAsia and AFRICA start jump on board. Since this hasnt happened yet, I think we are still on the bull trend. I think about 1-4% of the world uses BTC or is aware of it now, thats a lot of upside potential...
Anyway, my logic is (while on bull trend) price sets new higher highs followed by higher lows, then higher highs then higher lows etc. So, $1 low to $15 high, then $6 low to $250 high, then $50 low to $1200 high, then $400 (or 300 or 200 take your pick) means a new high of....
as long as, on this next low price happenig now, we dont go below 50$ (the last low before 1200 high) then we are still on bull trend:)
my bet is down to 350 now, then up to 800 by xmas. if Argentina jumps in, then 1500. If we get lucky in the next 8 months and some African nation jumps in, then new high of 2000 is my target:)
Question is can you afford to lose the money if this does not happen, and can you afford to WAIT for it to happen, if my view is correct?
If we assume that there are approximately 1-2 millions of real bitcoin users, the world adoption is just ~0,038%. We have plenty of room to grow when it comes to user base.
I, personally, hope we won't drop much below $350, because I'm kinda betting on BTC being at least around there early next year. No big deal though, but I would kinda like to pay the capital gains taxes on what I cashed out at around $605 with the coins I have left and not with the fiat I cashed out (so, kinda, drawing out the payment of those taxes every year to the next year until the sum falls below the taxable limit).
Well, whatever. If it drops then I have less money than I thought I had.
Well, whatever. If it drops then I have less money than I thought I had.
Bitcoin is a zero-sum game and you most likely won’t win.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
You have any track record to back up your proof for past performance? While I think the correction is not yet over, I wouldn't go as far as calling 200-300 to be the price target.
If we go below the 400, the next stop level will be the 200's or below, according to the graph. It is too soon to panic about that, and I myself think it is not much likely to happen, but it is feasible.
@OP: if you think we going down, them sell and wait the bottom, then we rise again you see what you do. The graphs tell us that the bottom level must be below the 450 levels, but something the graphs may tell us false things, so make your own decision.
I will buy some up at 200 if it ever reach that price within the next 3 months.
Bitcoin is a zero-sum game and you most likely won’t win.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
You have any track record to back up your proof for past performance? While I think the correction is not yet over, I wouldn't go as far as calling 200-300 to be the price target.
If we go below the 400, the next stop level will be the 200's or below, according to the graph. It is too soon to panic about that, and I myself think it is not much likely to happen, but it is feasible.
@OP: if you think we going down, them sell and wait the bottom, then we rise again you see what you do. The graphs tell us that the bottom level must be below the 450 levels, but something the graphs may tell us false things, so make your own decision.
BTC already dropped to $490, I say its a little too late to cash out as the down side is really low. You should wait for the next boom...
Bitcoin is a zero-sum game and you most likely won’t win.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
According my predictions, $200~$300 are expected, but it will take a bit time b/c $500, $450, $400 etc. will be tested for several days. I could be wrong of course, but my predictions have always been right so far.
You have any track record to back up your proof for past performance? While I think the correction is not yet over, I wouldn't go as far as calling 200-300 to be the price target.
Cash out now, then come back later and re-read this post in 6 months for a nice lesson in perspective.
Already did this 2 months ago.
Not saying bitcoin won't get wider market share, but people holding it may be in for surprise.
Cash out now, then come back later and re-read this post in 6 months for a nice lesson in perspective.
No body knows price of 6 months later, who knows its $100? So just sell what you cannot afford to lose..
Cash out now, then come back later and re-read this post in 6 months for a nice lesson in perspective.
Jump to: