Thinking about Selling | Bitcointalksearch.org

ThatDGuy

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Quote from: tooil on July 08, 2014, 10:47:59 AM

Price seems to be heading down to 500 level.

400 has a strong support base. Short of good news, I think we are heading that way.

This forum deserves a better quality troll.

tooil

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Price seems to be heading down to 500 level.

400 has a strong support base. Short of good news, I think we are heading that way.

piramida

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Borsche

Quote from: favelle75 on July 08, 2014, 01:33:14 AM

Quote from: falllling on June 24, 2014, 03:36:14 AM

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Soo.......did this happen?

yes like everything else that fallling said, it happened. was not visible here in real world, but inside his head, this and much more is happening every hour

favelle75

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Quote from: falllling on June 24, 2014, 03:36:14 AM

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Soo.......did this happen?

Gargulan

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Support price is rather weak at 600 level.

maker88

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Quote from: wobber on July 01, 2014, 11:52:29 AM

This price increase due to NewEgg is an illusion. Coins made from selling stuff will be sold immediately. So more sell pressure.

I doubt grandma and grandpa will buy BTC only to use at NewEgg, Amazon and Ebay.

thats because grandma and grandpa go to best buy moron. they don't use computers. they're old people.

wobber

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This price increase due to NewEgg is an illusion. Coins made from selling stuff will be sold immediately. So more sell pressure.

I doubt grandma and grandpa will buy BTC only to use at NewEgg, Amazon and Ebay.

Mayuyu48

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Quote from: ThatDGuy on July 01, 2014, 11:45:02 AM

Quote from: tinof on July 01, 2014, 04:38:35 AM

Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

The bandwagon was already rolling. Newegg is just following suit.

Looking forward to big A or big E now!

Hope they will accept bitcoin soon
A is amazon and E is Ebay right Grin

if NewEgg accepted bitcoin increased bitcoin price like this, what will happen if big A and big E accept bitcoin Grin

ThatDGuy

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Quote from: tinof on July 01, 2014, 04:38:35 AM

Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

The bandwagon was already rolling. Newegg is just following suit.

Looking forward to big A or big E now!

Mayuyu48

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HODL your coins Grin

it seems bitcoin prices will climb up to another next level
maybe we can see $700 in few days
but if you can't wait it, sell some part of your coin to gain some profits

tinof

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Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

600watt

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Quote from: SilenceDogreat on June 30, 2014, 10:50:27 PM

I did not sir. Of course, I could have certainly made it back in before the "jump to 630"...
however, my investment in Bitcoin is still much larger than MPT would recommend anyway.

It seems my prediction about a more significant dip was incorrect though, and I will happily admit it.
Consequences of trying to minimize risk. But hey, now we're on the same side

thanks for the straightforeward answer. i did not ask to just rub it in. i asked because i know how you felt and i understood your reasoning, eventhough i came to a different conclusion.

i thought you would buy back anyway, and since i know how difficult it can be to figure out exactly when to do this, i wanted to know how you handle it. if you don´t buy back you don´t need to care.

the perma bears and some trolls can sometimes amplifiy existing fear...

i suggest the following thread the next time fear coems back:
https://bitcointalksearch.org/topic/i-am-hodling-375643

Wink

SilenceDogreat

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I did not sir. Of course, I could have certainly made it back in before the "jump to 630"...
however, my investment in Bitcoin is still much larger than MPT would recommend anyway.

It seems my prediction about a more significant dip was incorrect though, and I will happily admit it.
Consequences of trying to minimize risk. But hey, now we're on the same side

600watt

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Quote from: 600watt on June 25, 2014, 03:55:08 AM

Quote from: SilenceDogreat on June 25, 2014, 03:37:23 AM

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week. If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period". I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo. Do what you think makes sense, that's always the best way to go.

ok, let us know when you buy back.

did you buy back yet ?

mmortal03

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Quote from: falllling on June 25, 2014, 03:55:39 AM

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

No, say hello to $600!

negafen

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Quote from: maker88 on June 28, 2014, 09:05:48 AM

Quote from: Bogleg on June 27, 2014, 11:27:48 PM

Quote from: HurricanOday on June 27, 2014, 09:39:52 PM

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

um thats a totally realistic expectation. remember for every smart person trying to get rich, theres a negative nancy like you who will stay poor because they're not willing to take the risk.

Didn't Myron Scholes say similar thing to a derivative trader before proven to be wrong?

maker88

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Quote from: Bogleg on June 27, 2014, 11:27:48 PM

Quote from: HurricanOday on June 27, 2014, 09:39:52 PM

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

[/quote

um thats a totally realistic expectation. remember for every smart person trying to get rich, theres a negative nancy like you who will stay poor because they're not willing to take the risk.

Bogleg

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Quote from: HurricanOday on June 27, 2014, 09:39:52 PM

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

Unrealistic expectation.

Remember this, if it is that easy to get rich, there will be no poverty in the world.

HurricanOday

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Mining. Hosting. Cloud Mining.

I decided not to sell, looks like I made the right choice (hopefully). Looks like we are on the rise and will get back to what we were at or higher?

680+... 700?

galbros

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There is no way to know of course. However, given the auction of 30,000 coins that were otherwise off the market it would seem that the price should drop some. Of course, the price has already dropped, so is that auction already "priced in" is the real question?

I would not sell my bitcoin unless I needed the money for something. Long term bitcoin seems deflationary, assuming it can survive things like Ghash.io, China's multiple bans, incompetent operators (thank you Mark K.), and scammers, and it has done pretty amazing so far, it has a bright future.

Good Luck!

Torque

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Quote from: SilenceDogreat on June 27, 2014, 04:32:40 PM

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

That article was the most ill informed FUD hit piece I've ever seen, timed perfectly the day of the auction so as try to sway the market downward. Some forex guy that works for Citi weighed in on this whole thing with his brilliant uber insight? Wow, just wow.

Shame on you Coindesk for publishing such a piece of crap article.

600watt

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Quote from: SilenceDogreat on June 27, 2014, 04:32:40 PM

So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

this is really interesting, i don't think price will drop big at all. at what price have you sold (if you want to share) ?

good luck as well

SilenceDogreat

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So far I'm surprised with how the price has moved.
Citi's analysis reported on Coindesk < http://www.coindesk.com/citi-examines-potential-impact-silk-road-auction-bitcoin-price/ > is in line with my rationale though.
Hopefully the auction is a great success, but I'm still waiting @600watt
Perhaps the kicks will be harder than I imagined.

Good luck to all

atp1916

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Quote from: falllling on June 25, 2014, 03:55:39 AM

Quote from: atp1916 on June 25, 2014, 03:50:09 AM

These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalksearch.org/topic/m.7501383

they look similar? Fear + Capitulation + Despair are coming!!!

https://bitcointalksearch.org/topic/--665043

SilenceDogreat

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<--- not with ^this guy.

I'm bullish in the long-term, as I said. Just enjoy trying to identify dips and trading on them.
And of course, I could be completely wrong - which is why I still have more than half.
I will let you know when I get back in... and how hard I kicked, if I did.

falllling

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Quote from: atp1916 on June 25, 2014, 03:50:09 AM

These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

https://bitcointalksearch.org/topic/m.7501383

they look similar? Fear + Capitulation + Despair are coming!!!

600watt

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Quote from: SilenceDogreat on June 25, 2014, 03:37:23 AM

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week. If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period". I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo. Do what you think makes sense, that's always the best way to go.

ok, let us know when you buy back.

atp1916

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These threads. Roll Eyes

The current "crises" is the SR coin auction. Every single one of you bears know full well that bitcoin will recover after this auction is done.

SilenceDogreat

newbie

Activity: 31

Merit: 0

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week. If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period". I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo. Do what you think makes sense, that's always the best way to go.

JimboToronto

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You're never too old to think young.

Quote from: trader001 on June 24, 2014, 11:48:00 PM

Quote from: saddambitcoin on June 24, 2014, 05:28:50 PM

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

Latecomers? We're still all early adopters. Adoption has barely started.

trader001

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Quote from: saddambitcoin on June 24, 2014, 05:28:50 PM

Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

Unrealistic for late comer to expect bitcoin will make them rich. Early adopter should just realize the profit and enjoy the beach.

saddambitcoin

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Bitcoin = I never regret buying I only regret Selling.

Only sell if you absolutely need the money, truth is nobody knows what will happen even whales.

nwfella

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Well hello there!

Wouldn't recommend selling more than 15-20% of your coins at most. I too am expecting a fairly large dip after the auction but not as a result of anybody buying the coins at Marshall's auction premium. My guess: one or more big bag holders will want to get people to sell their coins so they can re-buy cheap.

percocet

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Hold on to your coins for dear life. The longest you will have to wait is until the end of 2015 to see an astronomical return. The world will be a much different place by then, mark my words!

FNG

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Sell. It's going to be funny to watch people scramble as the auction is sold off to strong hands who pay a premium to purchase a large lot of coins, without wiring $millions to an un-trusted exchange

MatTheCat

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Quote from: HurricanOday on June 24, 2014, 03:24:11 AM

I have 10 coins right now with an average of around 530. I bought 2 coins at 557 and then 2.863 coins around 635-45, with the rest all being in the low/mid 400s. I was thinking about selling 2-4 coins before the auction to try to buy down lower. Doesn't seems like a great idea but wanted to get some speculated opinions. I can't tell the troll posts from the "normal" posts so I'm not really sure what effect the auction will really have on the price of btc. I would like to get my average down closer to 500 or below but not sure if it is worth the risk

What do people think it will go down to after the auction?

Best case scenario would be to sell and then buy back lower, maybe even a couple extra coins to put me up to 12 or so

See these 3 red lines:

If Bitcoin pops through the bottom support trend (in place since Jan 2013) on strong volume, then drop your BTC like they were hot coals.

If Bitcoin gets above the middle one, then that is a good sign but nothing more than that.

Only when/if Bitcoin breaks through the upper red line, would that be a strong sign that we are good until at least $720-$750.

houseo

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Quote from: houseo on June 24, 2014, 08:47:11 AM

the amount of coins being auctioned represents about 8 days worth of mining. it won't have a significant effect on the price of bitcoin.

what will have a more significant effect on the price is not how much the coins are bought for, but who buys them. we've seen a partial list of bidders. if someone like BNP Paribas buys them, even at a discounted price, the value of bitcoin should go up.

I don't really see what party buying them would cause the value to dip.

houseo

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the amount of coins being auctioned represents about 8 days worth of mining. it won't have a significant effect on the price of bitcoin.

Torque

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Here's what most people that are scared to be underwater with bitcoin don't understand. Go look at the historical data. Between the bubbles there's only about a 3-4 week window at most out of the whole 6-8 months that you can purchase bitcoin and be pretty much guaranteed to be in the black until the next bubble. For the rest of the time, the price will likely dip below your buy-in price at one point or another. Unfortunately, most bitcoiners have purchased bitcoin outside of this narrow window (because it's hard/impossible to predict the true bottom), and thus spend most of their time with their investment in the red until the next leg up. Well, unless you are a day trader that is, who panic sells every time the price gets even close to their buy-in or stop loss.

That's why the most sensible option is to hold, especially during the uptrend phase.

OP, you just so happened to buy when the timing was good. Don't lose your nerve now just because you haven't seen any upward movement in a while. Being able to buy back cheaper is not at all guaranteed. If you want to acquire more bitcoin, the safest thing to do is just hold and buy more on the dips.

SirChiko

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Quote from: falllling on June 24, 2014, 03:36:14 AM

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Is it really you fonzie? It seems so...
Don't trust this guy these coins won't be sold altogether they will be separated into more piles and actually big % of these people are bitcoin supporters and these are only "legal" coins sold by feds or the most trusted party wich is goverment so they may actually be sold over the current price and if no i think that most of them will be holded and not dumped anyway.

spazzdla

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To be a BTC holder requires you have the balls of balls of balls.

Perhaps gold is best for you OP, you can touch it and it won't crash on you. Don't expect large gains though and don't blame me when you are smashing your face off the keyboard because BTC has jumped 10x you buy in and it crashes 5 fold and end up living in a box... You've been warned.

Miz4r

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I would not sell now while we're setting just above a long term supporting trendline around $550. If we break that with volume only then I would sell some, betting on a 1.5 year old trendline to break is not a very good bet imo. This also brings up an interesting conundrum for the winning bids on the upcoming auction. If the winning bid is too low they will have to keep quiet about or risk the price breaking long term support and seeing their investment not do very well. Even if the winning bids don't leak out then it's pretty safe to assume the winners got their coins way below market price because had they got it at market or higher they would want to make that public to instill confidence and protect their investment. So from a game theoretic perspective I believe the winning bids have to be very close to the current market price or higher, which makes it unlikely long term support is going to break.

Krabby

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https://primedao.eth.link/#/

Quote from: zby on June 24, 2014, 05:23:38 AM

Quote from: Krabby on June 24, 2014, 03:26:01 AM

Just watch that support line, we can't go any lower without it breaking and if we do we're f**ked

But do you mean:

1. This is such a strong support line - no chance that it will break - hold

or

2. If it breaks such a strong support line - then it will go down back to 400s and maybe even it will retest 339. Sell now when you still have some profit.

I would be quite surprised if it did break due to it's large significance over the past 2 years.
On 'normal' volume I would not expect it to break but you never know with this SR auction we might get some high volume dumps.

Anyway, I'm bullish and think after the auction will be the best time to buy a long as we are above the support line..

zby

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Quote from: Krabby on June 24, 2014, 03:26:01 AM

Just watch that support line, we can't go any lower without it breaking and if we do we're f**ked

But do you mean:

1. This is such a strong support line - no chance that it will break - hold

or

2. If it breaks such a strong support line - then it will go down back to 400s and maybe even it will retest 339. Sell now when you still have some profit.

600watt

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http://crypt.la/2014/03/09/10-professional-bitcoin-price-predictions-2014/

watch it unfold & relax Cheesy

lumierre

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What will you do after you sell? Buy back? That means you are bullish and most likely the market will also do what you're going to do. It's a classic bear trap IMO.

abacus

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a clockwork miner

Quote from: HurricanOday on June 24, 2014, 03:24:11 AM

What do people think it will go down to after the auction?

I wouldn't be so sure that price will go down.

Give a look at these two other threads, there're some good thoughts about the topic:
FBI coins could sell for a premium
Do you think U.S. Marshall auction 29,656.51306529 bitcoins will affect price?

Diabolicus

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Quote from: TERA on June 24, 2014, 03:41:34 AM

If you're going to try to trade, I would recommend doing it based on some solid TA.

What a contradiction in itself.

I suggest you toss a coin and either panic now while you still can make a decent profit, or grow some balls of steel until we hit the next ATH :-D

TERA

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If you're going to try to trade, I would recommend doing it based on some solid TA - not just a belief that the auction will lower the price - it might not, and then you're screwed. If the auction coins are not dumped, it might have a reverse effect where a bunch of traders who sold due to the auction have to panic buy back.

fr33d0miz3r

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Quote from: falllling on June 24, 2014, 03:36:14 AM

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

I doubt the auction price will be higher than $50

600watt

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if you feel the need to play around with your stash i would recommend ~~using~~risking only 10-20% of it. it can be kind of itchy to watch those price swings constantly thinking about how much one could gain if he had sold to buy more at lower price. but it is a far worse feeling to sell and then the price moves up and not down. you never know if it will come down again to that price, and maybe you end up waiting and waiting (the moment you buy back at higher price and finally swallow the loss of precious btc will be the moment when it actually does go down...)
if you want to gamble then just don´t do it with your entire stash, others did and some of them turned into btc hating trolls. Wink

falllling

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after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

fr33d0miz3r

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Quote from: Krabby on June 24, 2014, 03:26:01 AM

Just watch that support line, we can't go any lower without it breaking and if we do we're f**ked

We'll break it. See you at $0

Krabby

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https://primedao.eth.link/#/

Just watch that support line, we can't go any lower without it breaking and if we do we're f**ked

HurricanOday

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Mining. Hosting. Cloud Mining.

I have 10 coins right now with an average of around 530. I bought 2 coins at 557 and then 2.863 coins around 635-45, with the rest all being in the low/mid 400s. I was thinking about selling 2-4 coins before the auction to try to buy down lower. Doesn't seems like a great idea but wanted to get some speculated opinions. I can't tell the troll posts from the "normal" posts so I'm not really sure what effect the auction will really have on the price of btc. I would like to get my average down closer to 500 or below but not sure if it is worth the risk

What do people think it will go down to after the auction?

Best case scenario would be to sell and then buy back lower, maybe even a couple extra coins to put me up to 12 or so

Topic: Thinking about Selling (Read 5016 times)