Sold my Bitcoin today - page 2. | Bitcointalksearch.org

gentlemand

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Welt Am Draht

Quote from: BTCMILLIONAIRE on November 07, 2017, 01:36:57 PM

Yes, I did say that blindly holding just Bitcoin is not worth it. It's always a bad move to move into an asset class without diversifying that part of your portfolio, unless you literally don't care about potential losses or missing out on profits elsewhere.

Blindly holding Bitcoin and a couple of other things certainly isn't for everyone but it has served me extremely well so far.

The thing that separates this from almost every other 'investment' is the absolute unknowability of its eventual fate. The people who end up penniless and insane via crypto are the ones who spout the most confident predictions and opinions which almost always are total clueless shit.

I was already diversified before I got in and there's certainly not been any worthwhile profit elsewhere that I've missed. That's partially down to markets but also my own indifference to investigating other things.

BTCMILLIONAIRE

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Quote from: thecodebear on November 07, 2017, 11:01:08 AM

Quote from: BTCMILLIONAIRE on October 21, 2017, 03:30:21 PM

Quote from: DustyRah on October 21, 2017, 02:34:56 PM

Quote from: fancy_pants on October 21, 2017, 02:28:39 PM

I sold 1/4th of my bitcoins today as price was too good to me and I thought that in coming days price may drop so sold some coins and gain best profits on my investments and now hoping for the price to go lower in coming days so that I could buy some bitcoins at lower price as price will surely go below $6k in coming days.

The price should go below 6k easily since it was the first time it went over that recently. But given the kind of rise we are seeing, may want to hold off till $20,000 or even $1,00,000 before selling. Bitcoin is just starting to gain popularity in the investment world. Lots more price increase to follow given the limited supply.

There are alts that will climb faster than Bitcoin. It just isn't easy to identify them. But blindly holding Bitcoin until a given target isn't really worth it unless it's only a part of your portfolio (which should be the case).

Did you really just say that holding bitcoin isn't worth it??!

If someone buys bitcoin, doesn't get into alts at all, and just holds bitcoin they will make a TON of money! Sure investing in altcoins could potentially increase profits even a lot more, but it is also highly risky. Altcoins can be very profitable but there are so many, and even plenty of ones that have really good concepts and devs don't skyrocket, even with proper research it is still involves a lot of luck. If you're successful then that's fantastic and it is much better than just holding bitcoin, but it is easy to not be successful, or to hold something as it pumps and keep holding thinking this is only the start and then it dumps - that happens all the time with altcoins. Not saying one is better than the other, but if someone just wants to safely make huge profits then "blindly" holding bitcoin long term is the best bet in the world right now. So how is that "not worth it"?

Yes, I did say that blindly holding just Bitcoin is not worth it. It's always a bad move to move into an asset class without diversifying that part of your portfolio, unless you literally don't care about potential losses or missing out on profits elsewhere.

thecodebear

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Quote from: Qartersa on November 07, 2017, 11:25:44 AM

Look at the value of Bitcoins now! I guess you sold yours too soon considering that Bitcoins even reached $7,500 this November. I think it will even reach as much as $15,000 before the year ends. I remain hopeful that this peak will not forego too soon. There is hope! Nonetheless, good for you if you bought other cryptocurrencies. Just keep on investing, and soon your time will flourish.

I think there is no way it'll hit $15k by end of the year! It's not gonna double in the next 8 weeks! Especially with the fork coming which could cause the price to drop at least for a bit.

But yeah selling bitcoin any time soon, or earlier like OP did at 5700, is just a bad idea. There's only three reasons to sell bitcoin (other than to buy altcoins) before it gets up to at least like $50k.
1. You need the money right now.
2. You are actively trading bitcoin against USD and are attempting to sell during a dip and buy in lower - i guess this is what the OP wanted to do but obviously failed as this is very risky during a bull run!
3. You bought in a long time ago and are already starting to take profits or diversify your portfolio because you've already gotten rich.

Other than those, I can't imagine why anyone would sell at such low prices as these.

ledsgo

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It's funny to read people predictions after time have passed and we now know what really happened.

It shows you that you can predict whatever you want but it doesn't worth much...

Qartersa

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Look at the value of Bitcoins now! I guess you sold yours too soon considering that Bitcoins even reached $7,500 this November. I think it will even reach as much as $15,000 before the year ends. I remain hopeful that this peak will not forego too soon. There is hope! Nonetheless, good for you if you bought other cryptocurrencies. Just keep on investing, and soon your time will flourish.

thecodebear

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Quote from: BTCMILLIONAIRE on October 21, 2017, 03:30:21 PM

Quote from: DustyRah on October 21, 2017, 02:34:56 PM

Quote from: fancy_pants on October 21, 2017, 02:28:39 PM

I sold 1/4th of my bitcoins today as price was too good to me and I thought that in coming days price may drop so sold some coins and gain best profits on my investments and now hoping for the price to go lower in coming days so that I could buy some bitcoins at lower price as price will surely go below $6k in coming days.

The price should go below 6k easily since it was the first time it went over that recently. But given the kind of rise we are seeing, may want to hold off till $20,000 or even $1,00,000 before selling. Bitcoin is just starting to gain popularity in the investment world. Lots more price increase to follow given the limited supply.

There are alts that will climb faster than Bitcoin. It just isn't easy to identify them. But blindly holding Bitcoin until a given target isn't really worth it unless it's only a part of your portfolio (which should be the case).

Did you really just say that holding bitcoin isn't worth it??!

If someone buys bitcoin, doesn't get into alts at all, and just holds bitcoin they will make a TON of money! Sure investing in altcoins could potentially increase profits even a lot more, but it is also highly risky. Altcoins can be very profitable but there are so many, and even plenty of ones that have really good concepts and devs don't skyrocket, even with proper research it is still involves a lot of luck. If you're successful then that's fantastic and it is much better than just holding bitcoin, but it is easy to not be successful, or to hold something as it pumps and keep holding thinking this is only the start and then it dumps - that happens all the time with altcoins. Not saying one is better than the other, but if someone just wants to safely make huge profits then "blindly" holding bitcoin long term is the best bet in the world right now. So how is that "not worth it"?

thesosorr

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Selling bitcoin we are holding now isn't wrong decision, let alone with the aim to gain more profit by buying it on altcoin. Of course it's a smart way to make our investment grow even faster. I just sell a bit of bitcoin and buy some Strat & Waves.

BTCMILLIONAIRE

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Quote from: TravelMug on October 28, 2017, 02:39:42 AM

Quote from: rhamzter on October 28, 2017, 01:09:58 AM

Quote from: drachman on October 27, 2017, 11:48:12 PM

Quote from: BTCMILLIONAIRE on October 24, 2017, 05:57:08 AM

Yeah I wouldn't waste my time with FOMO coins that don't have anything of significance to bring to the blockchain table. Complete and utter waste of time. I wish it was possible to collect data on how many people burn themselves by following pointless trends in crypto.

We don’t have data about it especially if we consider the fact that many persons are going to hide their losses from their family and friends, but even if we do not have that we can easily guess most people which follow trends in crypto are going to lose money since they are not investing in the fundamentals of the coin but in the hype.

For myself I think this is not the right time to sell bitcoin, because bitcoin value now was steady and a little bit movement only in the market.
Maybe we need to wait for the meantime before to sell it, because I know that some of this day bitcoin value were rapidly increase who knows maybe sooner or later it was fall again into $6000.

Well he based his assumption that bitcoin price will go down that's why he decided to sold off his stash. We can't blame him for doing that, however, most of us believed that hodling is really the option for us. No need to worry about bitcoin crashing because of FUD. We are matured already and so does the market. If you still believed in FUD then its gonna be your lost and their gain. We know what are their intentions of spreading if, so it you listen to them, they won already. So look at the price now, it is trading at $5700 although the price did dip, it is still considered a good price if you gonna ask me.

If he moved into altcoins he might've gotten far greater profits than by sticking it out with Bitcoin though. Bitcoin Gold is just completely worthless, so gambling on it is pointless. Real altcoins have better chances of making profits than taking the Bitcoin rise + Bitcoin Gold.

logicgate

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Quote from: ihsanskanzaone on October 28, 2017, 02:11:16 AM

I think it's best to sell because bitcoin value is now the highest if rupiakan reach Rp.80.000.000 where this becomes the highest bitcoin value. but I do not know yet whether the bitcoin price will continue to rise again or even go down. but because bitcoin prices are now again above the top you should sell because it is in the sure you will get a profit.

According to me he need to not sell his Bitcoin because the bitcoin price are increasing now and he or a person hold their Bitcoin for more two or three months I hope he gain a very high profit from its. Moreover, you says that you didn't know about the Bitcoin price that it goes to increase or decrease, but to me there is no doubt about the Bitcoin price it goes to more increasing, I think at the end of the year or the begging of 2018 Bitcoin cross to 10,000$.

TravelMug

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Quote from: rhamzter on October 28, 2017, 01:09:58 AM

Quote from: drachman on October 27, 2017, 11:48:12 PM

Quote from: BTCMILLIONAIRE on October 24, 2017, 05:57:08 AM

Yeah I wouldn't waste my time with FOMO coins that don't have anything of significance to bring to the blockchain table. Complete and utter waste of time. I wish it was possible to collect data on how many people burn themselves by following pointless trends in crypto.

We don’t have data about it especially if we consider the fact that many persons are going to hide their losses from their family and friends, but even if we do not have that we can easily guess most people which follow trends in crypto are going to lose money since they are not investing in the fundamentals of the coin but in the hype.

For myself I think this is not the right time to sell bitcoin, because bitcoin value now was steady and a little bit movement only in the market.
Maybe we need to wait for the meantime before to sell it, because I know that some of this day bitcoin value were rapidly increase who knows maybe sooner or later it was fall again into $6000.

Well he based his assumption that bitcoin price will go down that's why he decided to sold off his stash. We can't blame him for doing that, however, most of us believed that hodling is really the option for us. No need to worry about bitcoin crashing because of FUD. We are matured already and so does the market. If you still believed in FUD then its gonna be your lost and their gain. We know what are their intentions of spreading if, so it you listen to them, they won already. So look at the price now, it is trading at $5700 although the price did dip, it is still considered a good price if you gonna ask me.

ihsanskanzaone

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I think it's best to sell because bitcoin value is now the highest if rupiakan reach Rp.80.000.000 where this becomes the highest bitcoin value. but I do not know yet whether the bitcoin price will continue to rise again or even go down. but because bitcoin prices are now again above the top you should sell because it is in the sure you will get a profit.

rhamzter

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Quote from: drachman on October 27, 2017, 11:48:12 PM

Quote from: BTCMILLIONAIRE on October 24, 2017, 05:57:08 AM

Yeah I wouldn't waste my time with FOMO coins that don't have anything of significance to bring to the blockchain table. Complete and utter waste of time. I wish it was possible to collect data on how many people burn themselves by following pointless trends in crypto.

We don’t have data about it especially if we consider the fact that many persons are going to hide their losses from their family and friends, but even if we do not have that we can easily guess most people which follow trends in crypto are going to lose money since they are not investing in the fundamentals of the coin but in the hype.

For myself I think this is not the right time to sell bitcoin, because bitcoin value now was steady and a little bit movement only in the market.
Maybe we need to wait for the meantime before to sell it, because I know that some of this day bitcoin value were rapidly increase who knows maybe sooner or later it was fall again into $6000.

drachman

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Quote from: BTCMILLIONAIRE on October 24, 2017, 05:57:08 AM

Yeah I wouldn't waste my time with FOMO coins that don't have anything of significance to bring to the blockchain table. Complete and utter waste of time. I wish it was possible to collect data on how many people burn themselves by following pointless trends in crypto.

We don’t have data about it especially if we consider the fact that many persons are going to hide their losses from their family and friends, but even if we do not have that we can easily guess most people which follow trends in crypto are going to lose money since they are not investing in the fundamentals of the coin but in the hype.

Qartersa

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Well, that is your strategy. If it were me, I would not sell my Bitcoins all at once. It is because I identify myself as a moderate risk taker, and so I make sure I scatter my investments on the pretext that I will earn passively from various channels.

In regard your prediction, I think that is possible so you better have money to buy Bitcoins when that time comes. Otherwise, you will lose an opportunity that may be hard to grab again.

BTCMILLIONAIRE

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Quote from: bezikazi on October 24, 2017, 11:00:44 AM

It is mistake thats what it is, but if you short term trade, it is good IMO

If he sold his Bitcoins for altcoins it would've been far from a mistake, since he would've gained a lot more than Bitcoin did by now.

bezikazi

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It is mistake thats what it is, but if you short term trade, it is good IMO

BTCMILLIONAIRE

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Quote from: cryptosaly on October 24, 2017, 10:03:29 AM

Quote from: Sikka157 on October 14, 2017, 06:14:59 PM

I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
Edit: If you are wondering at what price, i sold at $5720. I bought Litecoin with ithat money.

you are right and wrong both.If you say long term then bit coin eventually will be at 7000usd in dec.
So holding is a good idea.
And you are right because yes as soon as almost all the BTG claimed the price will be shoot down to 5000usd and you can buy again.
So yes you made a perfect decision today.
but in my case i have bought it at 5800usd mark.so sadly i have to wait.
Have a great trading mate...

Of course Bitcoin will go up to $7000, but altcoins will increase far more than ~15% in the same time. So if you're a young and/or aggressive investor you're probably better off with altcoins.

Only conservative investors and people with very large crypto portfolios should really bother with holding Bitcoins in my opinion.

cryptosaly

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Quote from: Sikka157 on October 14, 2017, 06:14:59 PM

I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
Edit: If you are wondering at what price, i sold at $5720. I bought Litecoin with ithat money.

you are right and wrong both.If you say long term then bit coin eventually will be at 7000usd in dec.
So holding is a good idea.
And you are right because yes as soon as almost all the BTG claimed the price will be shoot down to 5000usd and you can buy again.
So yes you made a perfect decision today.
but in my case i have bought it at 5800usd mark.so sadly i have to wait.
Have a great trading mate...

Wexnident

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I don't take loans, ask for sig if I ever do.

Quote from: Sikka157 on October 14, 2017, 06:14:59 PM

I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
Edit: If you are wondering at what price, i sold at $5720. I bought Litecoin with ithat money.

Well, that is still your decision and it is still your money at the end. But you should wait a little longer. Also, I can't blame you since you ajist want to secure the profit at that moment wherein its value is already high but its market value right now is higher and you've missed the opportunity to earn bigger profit. It's not too late you may still invest again and this time hold it for a little more longer.

Eternu

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Quote from: 7xminer on October 21, 2017, 08:02:10 PM

Quote from: Sikka157 on October 14, 2017, 06:14:59 PM

I sold my bitcoin today. I think the price jumped too much too fast. My opinion is that it will drop below 5,000 soon and in that case I will buy back again because i expect bitcoin to increase significantly in the long term.
What do you think??
Edit: If you are wondering at what price, i sold at $5720. I bought Litecoin with ithat money.

Why ? people are buying to get Bitcoin Gold. You made a big mistake in my point of view.

I also share your opinion that Bitcoin price will go up after SegWit2x, and that it is better option to save your Bitcoins and wait. But as we can see, he was afraid that price will fall even lower after SegWit2x, which is not impossible. People say that we are in bubble right now, and we all know what happens to it when it reach its limit. I share your opinion, but maybe he done well with selling his Bitcoins. Only time will tell now.

Topic: Sold my Bitcoin today - page 2. (Read 4895 times)