Buy something you want on bitmit, from one of the stores that take BTC, or elsewhere.
An economy is based on trade not speculation so use your 2 BTC to stimulate the economy.
I brought soap and cigars, and sold various computer parts for BTC.
Topic: Should someone who bought in at $150 sell and cut their losses NOW or hold? (Read 3762 times)
April 17, 2013, 02:55:41 AM
April 17, 2013, 02:31:11 AM
Hold or sell, buy in lower, and hold.
April 17, 2013, 02:25:17 AM
You thought 150 is cheap and now you think 70 is expensive?
Listen, a Euro confidence crisis in Cyprus pushed the price from $40 to $266. This will happen again, but in Italy, Spain or even in France. Maybe tomorrow, maybe 3 years down the road. What do you think will happen to the Bitcoin price then? My guess is 5-digits. Maybe 6.
Listen, a Euro confidence crisis in Cyprus pushed the price from $40 to $266. This will happen again, but in Italy, Spain or even in France. Maybe tomorrow, maybe 3 years down the road. What do you think will happen to the Bitcoin price then? My guess is 5-digits. Maybe 6.
April 17, 2013, 02:01:36 AM
Jesus Christ. Strong hold.
As dumb as the idiots who bought in at $250 are, the morons trying to sell out at the bottom are even dumber.
As dumb as the idiots who bought in at $250 are, the morons trying to sell out at the bottom are even dumber.
April 17, 2013, 01:59:29 AM
These 2 coins will pay for your kid's college.
April 16, 2013, 10:57:08 PM
where's the buy more option?
If you buy now the average price you paid is brought down
If you buy now the average price you paid is brought down
April 16, 2013, 10:51:41 PM
Take your emotions out of the situation, since they will only get in your way. Pretend that you don't currently have any bitcoins, but you have $150 ($75/BTC * 2 BTC) instead. Would you be willing to buy 2 BTC at this price with the $150, or would you wait? That will answer your question of what to do.
April 16, 2013, 10:39:30 PM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
I bought 5 coins in 2011 at $20 during the first bubble, and they dropped below 5. It took over a year, but holding was the right thing to do. You can buy more coins now if it makes you feel better.
April 16, 2013, 05:16:05 PM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
Assuming you don't need the money, hold, it will keep you in the game and Bitcoin will either return or go to zero and never return, many people sold at -$10 after buying at $30+ in the last peak, if they held they would still be up even right now.
I'm not going to make a new thread for the same exact topic, so I hope you don't mind if I ask a question as well.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
I bought at $70, how low do you expect this crash to go? If I sell now, and it goes to $50, I can make more than I had before. If I sell now and it goes to $40, I can make a lot more than I had before.
Either way, I only bought $200 worth, so it doesn't matter much, but it's interesting to know what you guys think.
It might go lower, be-careful day trading, it might go down and down, and then you sell to buy more Bitcoin when it goes further down. Except that ends up being the real low and it starts to gradually rise again. $70 will be met again, might take a year max. (unless Bitcoin goes to zero never to return)
It's beginning to look like $50 is the bottom, folks.
Are you being sarcastic? I think $50 is quite high for your bottom proudhon. Not expecting single digits?
Looking at the broader view, there's really a tremendous amount of support building up around $10 that can protect against single digits. That's probably a lot of the institutional money placing itself visibly on the sideline in order to watch this play out a little while longer. As MtGox builds confidence around improving their backend, that money will feel more confident about getting back in the pool. It'll probably take some time, but I think there's a good chance this gets repaired.
Time to SELL (proudhon is bullish)
April 16, 2013, 05:03:20 PM
Quote
Should someone who bought in at $150 sell and cut their losses, or hold?
Sell now and cut your losses
Set a sell order at $150 and break even
Just hold and play long
Sell now and cut your losses
Set a sell order at $150 and break even
Just hold and play long
The correct answer is:
D. None of the above. Start a bitcoin business to start earning more Bitcoin.
this answer made my day. so i will start a bitcoin-business with my brother. it may not get as big as those winklevoss guys, but this is the new frontier! everything is possible here ! bitcoin will unleash the financial powers of the internet community. this is the beginning of a seismic shift. (i´m not talking about speculation here)
you´ve got it right mr rothbard: start bitcoin businesses
April 16, 2013, 04:34:42 PM
I've bough at 114, at first wanted to keep them and watch them rising 20$ per day 
so had not sold at 266. When that dream went away I've decided I can't wait for those 4 coins to be worth 100 000 in the future so thought I might start trading them as buying more wasn't a great idea. I'm on 10 now, and as long as number of my coins grow I'm less worried about price rise, if it fails more I'll hopefully make more of them trading and if it reach the point I'm ready to invest from my fiat, I'll add more to them.
That 266 is something that makes me think it's worth to invest some money (for real price though) and loads of my time if I can make some decent number of coins in the run. If it's not worth, well, I'd spend only money I'm cool to throw and I'm hard worker so if all my work would be for small stuff I'll deal with it somehow.
so had not sold at 266. When that dream went away I've decided I can't wait for those 4 coins to be worth 100 000 in the future so thought I might start trading them as buying more wasn't a great idea. I'm on 10 now, and as long as number of my coins grow I'm less worried about price rise, if it fails more I'll hopefully make more of them trading and if it reach the point I'm ready to invest from my fiat, I'll add more to them.That 266 is something that makes me think it's worth to invest some money (for real price though) and loads of my time if I can make some decent number of coins in the run. If it's not worth, well, I'd spend only money I'm cool to throw and I'm hard worker so if all my work would be for small stuff I'll deal with it somehow.
April 16, 2013, 01:19:14 PM
Pick ya nuts off the ground and HOLD 
April 16, 2013, 12:52:55 PM
Quote
Should someone who bought in at $150 sell and cut their losses, or hold?
Sell now and cut your losses
Set a sell order at $150 and break even
Just hold and play long
Sell now and cut your losses
Set a sell order at $150 and break even
Just hold and play long
The correct answer is:
D. None of the above. Start a bitcoin business to start earning more Bitcoin.
April 16, 2013, 12:25:45 PM
It's beginning to look like $50 is the bottom, folks.
WOW!!!
(But I agree)
April 16, 2013, 12:22:48 PM
If you sell now, you are going to be buying near the top and selling possibly selling near the bottom, the worst case. As its a small amount, I'd hold and enjoy the ride. Little to lose, plenty to gain.
April 16, 2013, 11:54:21 AM
I bought in at £11 during the first bubble I held out until bubble 2. Where I cashed out my initial fiat holdings and a small profit between £30-£100 per coin. I still have 3/4 of my coins left but I can now sell at any time for a profit (I wont sell until they are above $750 though). If the price goes much lower I will be spending another £1000 to increase my holdings.
If I were you I would be snapping up 1-2 coins per week whilst the price is sub $100 or sub $50 or sub $25 etc. When the price starts rising look to sell out at a profit whilst keeping some coins.
Look to take profits once we have at least doubled our previous high. Maybe it is in 10 weeks time, maybe in 10 years time, but Im sure we will get there (possibly via $20 possibly not!)
If I were you I would be snapping up 1-2 coins per week whilst the price is sub $100 or sub $50 or sub $25 etc. When the price starts rising look to sell out at a profit whilst keeping some coins.
Look to take profits once we have at least doubled our previous high. Maybe it is in 10 weeks time, maybe in 10 years time, but Im sure we will get there (possibly via $20 possibly not!)
April 16, 2013, 10:45:03 AM
Caveat Emptor.
Even at $70 per BTC, there are still an incredible number of coins out there that are looking at a 10x - 20x gain on paper, or more. If the market continues it's downward trend, expect to see some of the remaining coins that were purchased for $4 - $8 start to come out of the system, which in turn exerts even more downward pressure on the market.
I personally think long term bitcoin is a force to reckon with. Bitcoin's time will come, it's just not here yet. As transactional velocity, BTC business ventures, and overall infrastructure build out picks up steam over the next 12 - 18 months, the real benefit of bitcoin will be realized. Namely that it's a cheaper, easier, more efficient way to conduct online commerce, exchange funds between individuals, etc.
For those that are currently holding a lot of paper profit and are interested in divesting some of your coin, I might suggest spending some of it instead of exchanging it out. Build yourself a new gaming rig at bitcoinstore, for example. Do what you can to keep the bitcoin ecosystem growing and thriving. Long term, spending bitcoin on goods and services will do more to your bottom line than exchanging it out for fiat.
Even at $70 per BTC, there are still an incredible number of coins out there that are looking at a 10x - 20x gain on paper, or more. If the market continues it's downward trend, expect to see some of the remaining coins that were purchased for $4 - $8 start to come out of the system, which in turn exerts even more downward pressure on the market.
I personally think long term bitcoin is a force to reckon with. Bitcoin's time will come, it's just not here yet. As transactional velocity, BTC business ventures, and overall infrastructure build out picks up steam over the next 12 - 18 months, the real benefit of bitcoin will be realized. Namely that it's a cheaper, easier, more efficient way to conduct online commerce, exchange funds between individuals, etc.
For those that are currently holding a lot of paper profit and are interested in divesting some of your coin, I might suggest spending some of it instead of exchanging it out. Build yourself a new gaming rig at bitcoinstore, for example. Do what you can to keep the bitcoin ecosystem growing and thriving. Long term, spending bitcoin on goods and services will do more to your bottom line than exchanging it out for fiat.
April 16, 2013, 10:19:32 AM
if you liked it at $150 you have to love it now at $60. buy more and cost average your price down. if you have $300 in and buy another $300 you will have 7 coins @ $85 cost average. then wait to sell.
April 16, 2013, 09:59:47 AM
You left out the choice of selling at market now, then buying back more coins cheaper in three months.
That's a gamble. May as well just bet roulette on red or black and know the outcome today.
April 16, 2013, 09:58:35 AM
You left out the choice of selling at market now, then buying back more coins cheaper in three months.
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