This is looking like a 2012 after 2011 bubble, while the infrastructure was not there for the last year valuation ($1200 bubble ) I thought somehow the price will hold for it to catch up..... but it seems that I was really wrong.
I also thought that there will be a bubble between May and the half of June so I kept holding, I bought most of my coins between $10-100 and did cash just small amount of it at the December bubble, bet hell I wont be greedy and watch the price fall even further, I sold Half of my holdings yesterday, This will give me a free couple of years vacation...
Good luck with that (seems a bit short sighted to plan a 2 year vacation when BTC is going to go up a lot in the next few months), and let us know, in a couple of years (or even in six months) how you then feel about deciding to take that vacation with your BTC revenues.
A guy does NOT need to be overly optimistic to believe that your selling below $600 now for a two year plan to spend it seems pretty short sighted... NOW on the other hand, if the price does NOT go above $600 in the coming 6 months, then I will applaud your foresight and/or luck.
Until then, I believe that the odds are greatly against what you did. The odds seem much better to cash out smaller amounts slowly, rather than cashing out 2 years worth at this point with a market that will soon be going up (in less than 6 months). In other words, if is very likely that we will be seeing $800 within the next 6 months... but my investment does NOT count on it.. b/c I am likely to be in for a couple more years b/c I sense that BTC is amongst one of the better places to put your money, at the moment.
Where are you going to put your cashed out funds in the coming two years to preserve its value? IN the stock market? IN gold? In silver? in a bank account? under your mattress? Do you even have a plan? I hope so.
you should think and talk only about your investment, each Bitcoin I own is worth $-400 , yes -400 this means that each Bitcoin has already paid $400 from trading... I bought most of my coins between 10-100 so I already made 60 times what I invested (worst case scenario)when I sold, in fact with the trading profits I paid all my mortgages and debts, I resigned my daily job and now I will enjoy my 2 years of vacations.... I will make sure to not be worried and only enjoy with my small family, otherwise I still hold many coins, so if the next bubble will hit I will be a happy man.... in other words I am trying to not be a greedy bastard.
meanwhile, this is what I am up to:
Yes, and you failed/refused to answer my various questions concerning where you are putting that money and the likely direction of BTC in the next six months.. To me it sounds as if you got anxious... but you do NOT really have much of a plan for where you are going to put your funds, and if you do have a plan, you are NOT disclosing it, here.... b/c you are too focused on NOT answering my questions... and just bragging about how you made the right decision and about how much money, you supposedly made by your wise choice to cash out at this particular time.
I have NO problem(s) with diversification of risk, and I have NO problem(s) with raking profits. And, also I have NO problem with guys deciding what they want to do with their own money... but to me, it seems as if you clearly left easy money on the table with your seemingly short-sighted anxiety.
In this regard, it just seems a bit lacking of perspective of the likely direction of BTC compared with other assets to rake half the BTC stash at this point, even if half the stash will provide 2 years of fun in the sun for you.
By the way, there are others, besides you, who have quit their jobs and do NOT really need to work for a living or ONLY work a small amount.. based on various investments that they have made over the years.
