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pitham1

legendary

Activity: 1232

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Quote from: streazight on July 01, 2017, 02:47:48 PM

In my country, very few people know about bitcoin, it is not common yet because people here are quite resistant to accept a new change in any line of the life and when it comes to money so then you know we can come across many type of people some are extreme misers and creepy that they will not even let you do anything other than the conventional cycle. Anyway all these things will change with the passage of time and I hope someday I will pay bitcoin for paying my bills and stuff.

It is not just your country. People everywhere are conservative, especially when money matters are involved. Fortunately, government policies all over the world will make people realize that an alternative is needed. Bitcoin will then explode.

streazight

hero member

Activity: 910

Merit: 502

In my country, very few people know about bitcoin, it is not common yet because people here are quite resistant to accept a new change in any line of the life and when it comes to money so then you know we can come across many type of people some are extreme misers and creepy that they will not even let you do anything other than the conventional cycle. Anyway all these things will change with the passage of time and I hope someday I will pay bitcoin for paying my bills and stuff.

Windpower

hero member

Activity: 532

Merit: 501

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

When it comes to selling Bitcoin, there is no way to tell when the price is going to drop or rise, unless you constantly check the news for every little story. Even then it will be quite hard to gauge what is going to happen to the Bitcoin price. I'm glad to see that there are still people out there with the balls to sell when they want and not care about what others say. I know I could never sell my Bitcoin because I would be too scared of the thought that the price my rise again the next day and I would lose money.

It is also great to see that you didn't sell your whole stash of Bitcoin, which would what and idiot would do. It is also great to see that you are happy with the decision you make and are glad to move on even if things don't go your way.

ngin-x

full member

Activity: 308

Merit: 100

Quote from: Wipro on June 21, 2017, 08:30:34 AM

Quote from: tigershark on June 20, 2017, 08:35:39 PM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I don't think it's a bad idea to sell some at these high prices especially if you bought at such a low price. You have locked in some good profits even if the price doesn't drop.

I would expect a price drop and I could see it go as low as $1500 or lower if there was some sort of bad news. You will probably have a chance to buy back some of what you sold.

I would say still it's a bad idea becuase if you completely aware of bitcoin price movement from the starting time to now and adoption on block chain technology you will never do that now. If you wait till next halving sure bitcoin will on moon.

Going by your logic, there will never be a right time to sell. There will always be gains to look forward to in future. So do you expect people to hodl for life and take their coins to the graveyard or what?

Redeeming 10% for life's expenses at 26x profit is definitely a good move. Well done OP.

Qartersa

hero member

Activity: 868

Merit: 535

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I would say your decision is like asking for a miracle or should we say a disaster? The prices might go down due to panic on August 1st but I don't think it would go as low as $1,500 anymore. The price is high right now because of the recent good news for bitcoins all over the world. It is being adopted by a lot of countries and there are a lot too that recognize its potential. Take Japan for example, they passed a law that implemented bitcoins as a currency in their country.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: Yogafan00000 on June 18, 2017, 05:02:35 PM

Taking profit is never a mistake.

Indeed, as long as you don't sell all of your bitcoin at once, 10% of your savings is a decent amount to get cash in order to buy back if bitcoin price decline. Many people do it everyday, and they call it trading but some people don't want to take the risk to loss, and prefer to save bitcoin for long term but sometimes sell small portion from the wallet. In that way, we could increase the amount of bitcoin as the dip always occurred after high peak.

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: kevinn669 on June 30, 2017, 11:46:06 AM

we must increase the number of our coins in the wallet.

Not really. It's obviously something people won't say no to, but most people here are looking for ways to increase the number of their coins by investing, trading, gambling, etc, and that is exactly where they go wrong. It's pointless to force yourself to increase the number of coins that you have if you don't want to buy them, or have a decent level of market understanding that you can put to work with trading for example.

kevinn669

sr. member

Activity: 241

Merit: 250

Tokens That Store Virtual Energy

Quote from: chocolah29 on June 30, 2017, 02:54:01 AM

Quote from: itsallpc on June 29, 2017, 07:21:03 AM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Selling only a partial amount of your holdings for profits is really a good idea instead of selling the whole volume and then regretting when price increases.I have seen many people selling whole of their stocks either when price gets down or increases and then feeling that they could have partially sold.

Indeed a smart move. Selling some part of it is a must. Others sold all their coins just to make a big profit but didn't turn out to what they think. Not being greedy with the outcome but sometimes we better think as many as we could when trading and investing. So congratulations to you mate for your sure thing move.

Many people have been doing this for a long time already. The dedication should be aimed at a constant increase in investment. That is, we must increase the number of our coins in the wallet. And when the price of bitcoin grows, we get a big profit. And when it falls - we have a good chance to buy even more coins

KennyR

hero member

Activity: 2310

Merit: 532

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Amph on June 30, 2017, 03:03:39 AM

Quote from: deisik on June 22, 2017, 03:23:14 PM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I'm really fascinated by the people who managed to keep their coins for so long

Thus if you really had bought them at prices below 100 dollars, then you should have booked really nice profits provided you didn't buy dust (though this is unlikely given the price). Profits are telling more than words ("when money talks, bullshit walks"), and many people should in fact envy you. I don't know if you really want to hear anyone's opinion on this, but 10% is not a big deal anyway. I would have certainly sold more (if not all at these prices) and put a fraction of the proceeds into Litecoin

it's not that hard to hold, i'm also holding since 4 years already, basically from when i joined this forum i never dumped if not forced, i use bitcoin like a currency and keep the big amount on cold storage

when the time come the famous mem, tell you also that there will be no reason to sell anyway, bitcoin is a currency use it like fiat, i use it all the time to buy food or other stuff on purse.io with a nice discount

That's nice to know. I have been planning to hold my funds from the beginning, but in between something happens to make me convert it to fiat and use on regular needs. After a long now when I look back what's there in the wallet simply an amount lesser than a single bitcoin. Hope I too make a better holding as above mate to more than 4 years time, because I always trust in the growth of bitcoin and digital currency.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: deisik on June 22, 2017, 03:23:14 PM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I'm really fascinated by the people who managed to keep their coins for so long

Thus if you really had bought them at prices below 100 dollars, then you should have booked really nice profits provided you didn't buy dust (though this is unlikely given the price). Profits are telling more than words ("when money talks, bullshit walks"), and many people should in fact envy you. I don't know if you really want to hear anyone's opinion on this, but 10% is not a big deal anyway. I would have certainly sold more (if not all at these prices) and put a fraction of the proceeds into Litecoin

it's not that hard to hold, i'm also holding since 4 years already, basically from when i joined this forum i never dumped if not forced, i use bitcoin like a currency and keep the big amount on cold storage

when the time come the famous meme, tell you also that there will be no reason to sell anyway, bitcoin is a currency use it like fiat, i use it all the time to buy food or other stuff on purse.io with a nice discount

chocolah29

full member

Activity: 588

Merit: 128

Quote from: itsallpc on June 29, 2017, 07:21:03 AM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Selling only a partial amount of your holdings for profits is really a good idea instead of selling the whole volume and then regretting when price increases.I have seen many people selling whole of their stocks either when price gets down or increases and then feeling that they could have partially sold.

Indeed a smart move. Selling some part of it is a must. Others sold all their coins just to make a big profit but didn't turn out to what they think. Not being greedy with the outcome but sometimes we better think as many as we could when trading and investing. So congratulations to you mate for your sure thing move.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: itsallpc on June 29, 2017, 07:21:03 AM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Selling only a partial amount of your holdings for profits is really a good idea instead of selling the whole volume and then regretting when price increases.I have seen many people selling whole of their stocks either when price gets down or increases and then feeling that they could have partially sold.

Yes. Its a really good strategy IMHO. I just read it from this forum that some old timers or more experienced on investments are doing this. So I already remembered this strategy. Although I don't have that much stash of bitcoin in my wallet, but I will apply this plan of action once I decided to sell.

Soros Shorts

donator

Activity: 1617

Merit: 1012

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Sell your next 10% when it hits $15,000, or maybe $30,000. You'd be doing fine.

itsallpc

full member

Activity: 196

Merit: 100

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Selling only a partial amount of your holdings for profits is really a good idea instead of selling the whole volume and then regretting when price increases.I have seen many people selling whole of their stocks either when price gets down or increases and then feeling that they could have partially sold.

mcman

newbie

Activity: 36

Merit: 0

Quote from: Yogafan00000 on June 18, 2017, 05:02:35 PM

Taking profit is never a mistake.

This is my advice for everyone in any investment be it in stocks or in crypto. OP cashed out only 10% and is safe with that money whether it moons or crashes.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I'm really fascinated by the people who managed to keep their coins for so long

Thus if you really had bought them at prices below 100 dollars, then you should have booked really nice profits provided you didn't buy dust (though this is unlikely given the price). Profits are telling more than words ("when money talks, bullshit walks"), and many people should in fact envy you. I don't know if you really want to hear anyone's opinion on this, but 10% is not a big deal anyway. I would have certainly sold more (if not all at these prices) and put a fraction of the proceeds into Litecoin

hase0278

hero member

Activity: 882

Merit: 544

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I think your decision is a good move but you should have sold more of your stash maybe 20% for a much more profit, either way 10% is enough if you just want to return your investment capital. In fact you have already gained more than what you invested because if you invested 1000$ at sub 100$, and you sold the 10% that would be 100 dollars by the time you bought it, you would get 2500$ now which is more than your capital. Good luck to your future decisions OP, if you will rebuy I guess just use 50% of what you got by selling to have your capital back with a little profit.

HasHe

hero member

Activity: 952

Merit: 500

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

Thats really a smart move as you have just sold 10% and not all of your stock.Selling at regular intervals and making profits is not a wrong move.You could rebuy those 10% of bitcoins when bitcoin price falls.

Wipro

hero member

Activity: 924

Merit: 512

Quote from: tigershark on June 20, 2017, 08:35:39 PM

Quote from: john_doe on June 18, 2017, 04:39:17 PM

I sold about 10% of my stash. I'm not sure whether the bubble has burst or not, but I decided I'll take some profit (bought at sub $100). We might see $5000 or $10000 in the next few days, but I'm pretty sure the price will go down to $1500 (or even lower) at some point in the next few months or next year, and that's when I'll buy more. If that doesn't happen then it's fine, I'll invest in something else.

What do you think of my decision?

I don't think it's a bad idea to sell some at these high prices especially if you bought at such a low price. You have locked in some good profits even if the price doesn't drop.

I would expect a price drop and I could see it go as low as $1500 or lower if there was some sort of bad news. You will probably have a chance to buy back some of what you sold.

I would say still it's a bad idea becuase if you completely aware of bitcoin price movement from the starting time to now and adoption on block chain technology you will never do that now. If you wait till next halving sure bitcoin will on moon.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Bitcoin is surging again and all other alts are collapsing.

Topic: Sold (Read 3029 times)