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 3763 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.
April 16, 2013, 09:25:43 AM
As long as that $300 isn't going to cause you or your family any hardship, just keep it invested long term. In a year or two it may double or triple. Nobody knows what will happen for sure, but $300 isn't usually life and death and there is a potential for BTC to get huge at some point.
Long term BTC is basically going to go to $1000 or more, or to $0. For $300 I would just wait and see.
Long term BTC is basically going to go to $1000 or more, or to $0. For $300 I would just wait and see.
April 16, 2013, 09:20:21 AM
I remember seeing BTC go from $32 to like $2, then back up. That is not weird when you consider the liquidity of bitcoin and the total lack of regulation. Unlike a stock, anyone can completely divest in seconds and the fundamentals don't change. If it were a stock then the lack of incoming funds would leave the company insolvent and the stock would become worthless. Bitcoin is more like gold. It doesn't matter what the price is, it could always go up or down.
April 16, 2013, 09:10:23 AM
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.
When you say support do you mean large buy walls at $10?
April 16, 2013, 09:07:02 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
Just hold on. If you have the technical understanding to know the source of the volatility then you know it's in the process of being fixed but that it could take 3-6 months. We are waiting for Gox to update their trade engine and waiting for more advanced trade engines to be built. This typically takes 6 months to code, possibly could take a year but from looking at the code myself I'd say at the most it will take 6 months because it's not that complicated.
April 16, 2013, 08:54:03 AM
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)
But...I guess I'll hold. It seems to be rising slightly anyway.
April 16, 2013, 08:52:21 AM
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.
April 16, 2013, 08:49:25 AM
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?
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
Yeah, unprecedented right?
April 16, 2013, 08:38:10 AM
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
No shit, now I'm worried!
April 16, 2013, 08:33:23 AM
wat
sell when it reaches $10,000 a coin in 2016 obv
sell when it reaches $10,000 a coin in 2016 obv
April 16, 2013, 08:29:56 AM
Hold and play long, it will be an interesting ride. $300 isn't much in the grand scheme of things.
April 16, 2013, 08:25:26 AM
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.
April 16, 2013, 08:17:46 AM
It's beginning to look like $50 is the bottom, folks.
Never heard you that bullish...
Proudhon bullish = crash imminent?
Now that's how to spread panic! ...prepare to test support at 0.05$!
April 16, 2013, 08:07:44 AM
It's beginning to look like $50 is the bottom, folks.
To the brave Spartans who fought and held at 50:
http://www.youtube.com/watch?v=HdNn5TZu6R8
April 16, 2013, 08:05:28 AM
It's beginning to look like $50 is the bottom, folks.
*Grabs chest, staggers backwards, collapses*
O.O
April 16, 2013, 08:00:57 AM
Hold. It's been like one week- definitely hold at this point. It was money you were okay with losing anyway- right? So don't lose it without needing to lose it.
April 16, 2013, 08:00:35 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
please sell sell sell everything all the way down to 0.1c.....so I can be and early adopter !!!!!
April 16, 2013, 07:59:15 AM
It's beginning to look like $50 is the bottom, folks.
Never heard you that bullish...
Proudhon bullish = crash imminent?
April 16, 2013, 07:53:49 AM
Sell until it's too late to get even 60.
April 16, 2013, 07:51:49 AM
It's beginning to look like $50 is the bottom, folks.
Maybe for the day. My feeling is we'll be at 40 and 30 before long.
April 16, 2013, 07:42:37 AM
There were people who bought during the first bubble that finally saw profit recently because they held long enough. You could continue that proud tradition 
April 16, 2013, 07:40:37 AM
It's beginning to look like $50 is the bottom, folks.
Never heard you that bullish...
April 16, 2013, 07:39:02 AM
It's beginning to look like $50 is the bottom, folks.
April 16, 2013, 07:25:12 AM
Yeah, you sell now you lose for sure. And since it's only 2 coins it's not like you need the money for something else. So you got "nothing to lose!" :-D
April 16, 2013, 07:23:18 AM
guaranteed loss or a chance to make money back....hummm
stocks are just legal gambling
stocks are just legal gambling
April 16, 2013, 06:33:15 AM
As was confirmed now, the only good time to sell bitcoins is once it goes several times above the previous bubble top. So, for now, a good price to sell would be around $2000. 0-50 is a land of buying opportunities.
April 16, 2013, 06:00:16 AM
At this point, hold.
If it gets to $150 again, hold (or spend).
If it gets below $50, hold.
If it gets to $150 again, hold (or spend).
If it gets below $50, hold.
April 16, 2013, 05:52:14 AM
If you don't believe in bitcoin sell them
April 16, 2013, 05:40:08 AM
A family member insisted on buying at 150. I offered to help cash it out when it dropped back from 250, but was told to just hold and that if it drops to 30 she'll buy more. Most investors stay in the long game.
April 16, 2013, 05:39:15 AM
Those who are long bitcoin on this forum are going to advise you (and anyone else) to keep it.
April 16, 2013, 05:33:22 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
You probably should've sold long before now. By this point, if you decide you're gonna hold, be sure you've got the cohones to continue to hold if and when it dips way, way down in the mud. Otherwise you'll just trade a 66% loss for a 99% loss and have a bad day to go with it.
April 16, 2013, 05:29:43 AM
It's two coins. Keep it. '
April 16, 2013, 05:28:10 AM
if you bought coins you had to see some kind of potential with bitcoin. if you believe in it, which you probably did if you went and purchased 2 coins. stick with it, you must have read 100 times that it was going to be a bumpy road and it will be.
April 16, 2013, 05:26:13 AM
I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
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