When will you sell? - page 3. | Bitcointalksearch.org

Benjig

sr. member

Activity: 462

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Quote from: ensurance982 on August 07, 2014, 06:31:29 PM

I gotta admit I've got several ways of selling BTCs when the price is going up (don't sell, when it's going down, if you ask me Wink

) But one thing is for certain: You have to sell at some point. If you don't do this (or use the BTC to buy something), you are never profiting. People who only accumulate get nothing back from their investments!

Not if you have been accumulating for years, if you began on 2012 so you now must have tons of btcs.. so by selling only some bitcoins every month you have a great income.
And you dont have to sell them for fiat! now you can buy many things with btcs...

ensurance982

hero member

Activity: 518

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Trust me!

Quote from: Capt Drake on August 07, 2014, 06:43:44 PM

Quote from: ensurance982 on August 07, 2014, 06:31:29 PM

I gotta admit I've got several ways of selling BTCs when the price is going up (don't sell, when it's going down, if you ask me Wink

) But one thing is for certain: You have to sell at some point. If you don't do this (or use the BTC to buy something), you are never profiting. People who only accumulate get nothing back from their investments!

You don't need to get out of the game, if it gets to the point that everything that you buy (groceries, clothes, cars, etc) can be bought with BTC too.

I never said you need to 'get out of the game' I just said, you need to liquidate some of your BTC holdings or realize your profits. If you do this by selling the BTC for FIAT or buy bread and soy milk at the grocery story doesn't matter. The only thing that matters is that you'll never have a profit unless you realize it!

hellscabane

legendary

Activity: 896

Merit: 1000

Quote from: ensurance982 on August 07, 2014, 06:31:29 PM

I gotta admit I've got several ways of selling BTCs when the price is going up (don't sell, when it's going down, if you ask me Wink

) But one thing is for certain: You have to sell at some point. If you don't do this (or use the BTC to buy something), you are never profiting. People who only accumulate get nothing back from their investments!

This is very true, don't stop at the closest stop; try to get as much out of something as you can. In this case, it means making your money (i.e. bitcoins) work for you. However, that comes with even more risk, but if you're in this scene, you know that there is already a lot of risk.

Capt Drake

full member

Activity: 208

Merit: 100

Quote from: ensurance982 on August 07, 2014, 06:31:29 PM

I gotta admit I've got several ways of selling BTCs when the price is going up (don't sell, when it's going down, if you ask me Wink

) But one thing is for certain: You have to sell at some point. If you don't do this (or use the BTC to buy something), you are never profiting. People who only accumulate get nothing back from their investments!

You don't need to get out of the game, if it gets to the point that everything that you buy (groceries, clothes, cars, etc) can be bought with BTC too.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

I gotta admit I've got several ways of selling BTCs when the price is going up (don't sell, when it's going down, if you ask me Wink

) But one thing is for certain: You have to sell at some point. If you don't do this (or use the BTC to buy something), you are never profiting. People who only accumulate get nothing back from their investments!

Capt Drake

full member

Activity: 208

Merit: 100

Will try to sell at the top of the bubble, and buy again at the backdrop.

Yeah, I'm crazy.

Hyena

legendary

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I will panic sell if it drops below 1$.

asganauei

newbie

Activity: 41

Merit: 0

Never sell your bitcoins! I'll hold for years and then I'll use them to buy things.

Melds

full member

Activity: 205

Merit: 100

Investor / Trader / Analyst

I'll sell whenever I need fiat currency Cheesy

Hyena

legendary

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After each new order of magnitude in prices sell 10% of your holdings at that moment
this way you will (practically) never run out of initial bitcoins but you will get to diversify into a lot of things

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I have actually made a habit of immediately re-purchasing the same amount of BTC if I spend any of it. I want my long term BTC holdings to keep increasing (rather than decreasing). If possible, I spend fiat on my purchases (unless the company accepts only BTC, like Trezor for instance)

efreeti

full member

Activity: 350

Merit: 104

Quote from: BitcoinHeroes on August 07, 2014, 08:41:26 AM

Quote from: bitkilo on August 06, 2014, 09:42:02 PM

I read a lot of posts here about people hoping the price will hit $10000 or whatever and it got me thinking what is everybodys price that they will start to sell some of their coins.
How much would Btc have to be before you start selling?

A lot of people decided to sell when it hit $1200, but they end up selling at $300 when it just started rally. So its all about greed and fear...

This is why people should sell when everyone is bullish and buy when everyone is bearish.

silversmith

full member

Activity: 181

Merit: 100

I will never sell my bitcoins for fiat. I will only spend my bitcoins for real products or services.

lemfuture

hero member

Activity: 686

Merit: 500

when overbought

log2exp

full member

Activity: 179

Merit: 117

Will never sell for fiat. May buy few things after few years.

hellscabane

legendary

Activity: 896

Merit: 1000

One common approach, and one that I adhere to, is a percentage/target based amount. So I have a pegged fund value that I have as a target for my current amount of bitcoins (in terms of USD since most of my investments are in USD). So when there is a rally, I will sell a portion so that my fiat value doesn't exceed my target amount (after factoring for accumulation and current short-term growth rates). It's worked well for me in the past and I don't plan on changing my approach any time soon.

Elwar

legendary

Activity: 3598

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Viva Ut Vivas

It is questions like this that are the reason many early adopters sold at prices like $32, $100, $200, etc...

If you actually understand the purpose of Bitcoin then the answer is never.

If you are in Bitcoin just to make some quick money to cash out into fiat then you still don't 'get it'

BitcoinHeroes

sr. member

Activity: 364

Merit: 250

Quote from: bitkilo on August 06, 2014, 09:42:02 PM

I read a lot of posts here about people hoping the price will hit $10000 or whatever and it got me thinking what is everybodys price that they will start to sell some of their coins.
How much would Btc have to be before you start selling?

A lot of people decided to sell when it hit $1200, but they end up selling at $300 when it just started rally. So its all about greed and fear...

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

No intention of selling 1 BTC will always = 1 BTC. Best thing to do is just forget about your holdings and work on other projects. If not just work on promoting BTC.

dadaas

sr. member

Activity: 490

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: Beliathon on August 06, 2014, 11:14:28 PM

Quote from: dadaas on August 06, 2014, 10:24:31 PM

Quote from: Beliathon on August 06, 2014, 10:23:09 PM

I will sell when Satoshi sells. In other words, never.

AKA

I already sold... my worthless fiat in exchange for precious Bitcoin.

What will you do with your BTC then? Will you just keep them or spend them on earning more?

What will you do with your fiat? Will you just keep it or spend it? The answer is, I will do both. Save some, spend some, as one does with money.

I agree with the way you are thinking. I will also sell and spend some but I will keep most of my stash for the days when Bitcoin will rule because I am sure that day will come.

Topic: When will you sell? - page 3. (Read 3808 times)