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Topic: What's your exit strategy? Will you sell as the price goes down from here? (Read 1711 times)

member
Activity: 88
Merit: 10
Exit strategy:

Step 1: Secure a few BTC

Step 2:  Buy a private island with BTC

Step 3: Live on my private island!

 Grin Grin Grin Grin Grin Grin

sr. member
Activity: 434
Merit: 250
Well it depends on at which point you entered.
I entered to the Bitcoin world when BTC was 100 USD so I had my original investment * 10 right now.
Also got some Litecoins and made reasonable profit from that.
I am super cool but I wont consider I lost money if BTC goes down to 700 USD tomorrow (because actually I did not).
If the bubble plops and BTC goes down I might sell a little bit if I consider I will be able to
buy cheaper later.
Even if it goes down to 400 USD I am a winner here since two months ago I got some BTC for saving
and that I did ...


That's kind of the way I look at it too. I intend to sell a percentage (I haven't decided how much) if it gets down to a certain level. After that if it gets lower I'll sell another portion.

Eventually I would like to sell enough so that my original investment is paid for. After that I'll sit on my bitcoins made from profit until the next run-up.
KFR
hero member
Activity: 560
Merit: 500
Per ardua ad luna
FWIW the tone was certainly questionable but I don't think it was intended to sound quite as blunt as it did.

http://www.investopedia.com/terms/p/pig.asp
sr. member
Activity: 434
Merit: 250
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.


I haven't even stated a position. You have no idea what I intend to do.

I expected answers like these when I posted this topic though.

No i dont need to know your "position" by saying "exit strategy", you assume ppl have the same thought as you.

Good luck pig,


LOL. What are you, in 3rd grade?
hero member
Activity: 924
Merit: 1001
A lot of us have been through these bubbles before.

What bubbles?  So far its been nothing but a fucking staircase.
legendary
Activity: 1218
Merit: 1001
A lot of us have been through these bubbles before. A lot of us held and held only to have the price go to a fraction of the top of the bubble.

Will you sell a percentage if the price drops a certain amount? Will you sell another percentage of your bitcoins if it drops another amount?

Are you holding for the long-run and will not sell no matter how low the price gets?

I sold 900 today.  Thinking about whether to buy back if the price falls below $800.  If not, I am buying apartments. 

Wait a year or two and buy the whole village of apartments  Wink

I am still in 4 figures on Bitcoin and have a new KNC miner doing its magic.  I just wanted to lock in the gains since June.  Totally agree that the price is still low but its a market and as such not predictable.
donator
Activity: 784
Merit: 1000
Just exited from all my fiat at all-time-low USD rate.
legendary
Activity: 1008
Merit: 1003
WePower.red
A lot of us have been through these bubbles before. A lot of us held and held only to have the price go to a fraction of the top of the bubble.

Will you sell a percentage if the price drops a certain amount? Will you sell another percentage of your bitcoins if it drops another amount?

Are you holding for the long-run and will not sell no matter how low the price gets?

I sold 900 today.  Thinking about whether to buy back if the price falls below $800.  If not, I am buying apartments. 

Wait a year or two and buy the whole village of apartments  Wink
legendary
Activity: 1218
Merit: 1001
A lot of us have been through these bubbles before. A lot of us held and held only to have the price go to a fraction of the top of the bubble.

Will you sell a percentage if the price drops a certain amount? Will you sell another percentage of your bitcoins if it drops another amount?

Are you holding for the long-run and will not sell no matter how low the price gets?

I sold 900 today.  Thinking about whether to buy back if the price falls below $800.  If not, I am buying apartments. 
sr. member
Activity: 462
Merit: 250
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.


I haven't even stated a position. You have no idea what I intend to do.

I expected answers like these when I posted this topic though.

No i dont need to know your "position" by saying "exit strategy", you assume ppl have the same thought as you.

Good luck pig,
hero member
Activity: 910
Merit: 501
Bitcoin is the exit strategy.

That is a fcking T-shirt right there.

+1
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.


I haven't even stated a position. You have no idea what I intend to do.

I expected answers like these when I posted this topic though.

Just ask him to provide a signed message for his bitcoin wallet. He's wannabe early investor, but sadly not the cute kind.
sr. member
Activity: 434
Merit: 250
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.


I haven't even stated a position. You have no idea what I intend to do.

I expected answers like these when I posted this topic though.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.


You are too.
sr. member
Activity: 462
Merit: 250
OP please sell your btc, you certainly in it as be rich quick scheme. Get out.
full member
Activity: 186
Merit: 100
Well it depends on at which point you entered.
I entered to the Bitcoin world when BTC was 100 USD so I had my original investment * 10 right now.
Also got some Litecoins and made reasonable profit from that.
I am super cool but I wont consider I lost money if BTC goes down to 700 USD tomorrow (because actually I did not).
If the bubble plops and BTC goes down I might sell a little bit if I consider I will be able to
buy cheaper later.
Even if it goes down to 400 USD I am a winner here since two months ago I got some BTC for saving
and that I did ...
full member
Activity: 209
Merit: 100
Keep selling fiat for bitcoin before the fiat bubble bursts.
BTCBTCBTC Tongue Tongue
full member
Activity: 125
Merit: 100
A lot of us have been through these bubbles before. A lot of us held and held only to have the price go to a fraction of the top of the bubble.

Will you sell a percentage if the price drops a certain amount? Will you sell another percentage of your bitcoins if it drops another amount?


Yes, now is good time to spend some just in case the price crashes. But obviously if you have a lot of coins, you have to sell some at exchange
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
Bitcoin is not some penny stock
The Secondmarket listing indicates against that.
sr. member
Activity: 349
Merit: 250
Bitcoin is the exit strategy.

/thread

Bitcoin is not some penny stock to make some quick buck and "exit".
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