When are you going to cash out? | Bitcointalksearch.org

gh0st

newbie

Activity: 21

Merit: 0

Quote from: gh0st on December 05, 2013, 11:56:47 AM

Cashed out 1/6 of the wallet when China news was announced... USD987 / BTC
Oh, i regret this now... i panicked. Sad

I´m incredible happy i did this.... because if i didn´t i would have panicked (weak nerves) and sold everything in this crash... USD987 isn´t that bad... i consider my investment in BTC "free" now ^_^

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: Mirsad on December 06, 2013, 11:19:32 AM

Quote from: yogi on December 06, 2013, 11:12:46 AM

Quote from: Mirsad on December 06, 2013, 11:08:37 AM

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

If bitcoin value grows Wink

It's just plain and simple risk management.

Of course you can tell everybody bitcoin will reach 1 Million USD per Coin and selling is allways stupid -> but to sustain such levels we need much more users and money! We got rid of all chinese buyers! That's really bad!

Selling all your coins is really stupid risk management.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: yogi on December 06, 2013, 11:12:46 AM

Quote from: Mirsad on December 06, 2013, 11:08:37 AM

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

If bitcoin value grows Wink

It's just plain and simple risk management.

Of course you can tell everybody bitcoin will reach 1 Million USD per Coin and selling is allways stupid -> but to sustain such levels we need much more users and money! We got rid of all chinese buyers! That's really bad!

yogi

legendary

Activity: 947

Merit: 1042

Hamster ate my bitcoin

Quote from: Mirsad on December 06, 2013, 11:08:37 AM

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Cash out now: Why?

After the china news: there will be blood!
At least 50% drop (over time) and there won't be new money from china to keep the bitcoin price at these levels.

If the price goes down slowly (and it will), you have enought time to buy back after settling for a few weeks.
If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

So what do you choose? Small chance of losing 5-10% profit and a big chance to double your bitcoin wallets or:

Great risk to lose and small chance to gain? But it's up to you. I wouldn't advise to sell all, but 50-80% is a good amount. Better safe then sorry.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

There should be a "never" option. That is the option I have chosen.
To me the question is like saying "When will you Germans cash out your Euros for US dollars?"

redwoods

newbie

Activity: 52

Merit: 0

I dont want to 'cash out', i'd rather fiat currency crashed and burned and Bitcoin became the new 'norm'

superresistant

legendary

Activity: 2142

Merit: 1131

I'm cashing out my FIAT every month to get Bitcoin : a true currency.

pokerFace2

full member

Activity: 143

Merit: 100

I will sell over half of my coins when I buy something expensive, like car with my BTC. So far only spend for some cheap electronic and rebought BTC later at dips

Kazimir

legendary

Activity: 1176

Merit: 1011

I already cashed out of fiat. Got rid of all my USD and EUR just in time!

Adrian-x

legendary

Activity: 1372

Merit: 1000

Re: When are you going to cash out?
Is like - When are you going to spend all your savings?

In Bitcoin you are your own bank.

udet4food

sr. member

Activity: 413

Merit: 250

I will never cash out all Bitcoins if you mean this, I fear I would have rebuy much higher later

DGD4Life

newbie

Activity: 5

Merit: 0

Quote from: gh0st on December 05, 2013, 11:56:47 AM

Cashed out 1/6 of the wallet when China news was announced... USD987 / BTC
Oh, i regret this now... i panicked. Sad

Hello, I am new! (been lurking for months though)

I panicked during the Silk Road closedown crash and tried to sell bitcoins i'd bought for ~£100 a piece for $110 a piece. I was chucking in the towel. The bitcoin dream was over for me. I was prepared to take a tiny profit and run.

Fortunately the guy on localbitcoins.com I chose to buy my coins sent me an e-mail saying he hadn't got the funds. During this time the price dropped under $100 so i decided to bite the bullet and hold.

I'm kind of glad I did now

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: neutralist on December 05, 2013, 09:25:00 AM

Apparently "the second coming of Christ" was not an option. This is when I would cash out.

I'll be too busy walking in the sky with Jesus to worry about bitcoins anymore. Besides, who needs bitcoins when the streets are paved with gold?

superresistant

legendary

Activity: 2142

Merit: 1131

I'll start at $100K.

redwoods

newbie

Activity: 52

Merit: 0

4 coins was all I could afford back in March, they cost me £330 in total, I'll probably sell 0.4btc or so to cover my initial outlay, and keep the rest, If we get to $5k I might sell one, $10k maybe another, which should leave about 1.5BTC to keep until we get to $1,000,000 Cheesy

tonto

hero member

Activity: 609

Merit: 500

Since I'm sitting at a little over 5btc (yeah I sold earlier to buy some guns and other crap), and when btc is approx $2000 ea I will buy a couple gold bars from amagimetals, and then will hold the rest until they're worth a little over $10k each so I can buy a sailboat I've had my eyes on for a while.

Well by then the sailboat might be $50k or $60k, so I'll have to adjust my buyout price so I can buy that. I might try to hold off a little longer so I can afford a marina slip to store it so I don't have to trailer it all the time

gh0st

newbie

Activity: 21

Merit: 0

Cashed out 1/6 of the wallet when China news was announced... USD987 / BTC
Oh, i regret this now... i panicked. Sad

Sindelar1938

hero member

Activity: 490

Merit: 500

Not below 10k

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: neutralist on December 05, 2013, 09:25:00 AM

Apparently "the second coming of Christ" was not an option. This is when I would cash out.

That's not in ten years.

Topic: When are you going to cash out? (Read 11087 times)