Topic: why I sold my bitcoins.... - page 9. (Read 34344 times)
Sounds like a solid philosophy, and you're definitely right... don't bet more than you can afford to lose comfortably.
As someone said. BTC is a gamble. Just like Stocks, currency exchange, commodities are.
Don't bet what you're not willing to lose.
I will not consider selling my BTC until at least a couple more halves....
maybe it's a risky move. Maybe BTC will disappear by then or will be replaced by a more secure currency, I don't know, but that's my gamble.
Maybe in 2022 BTC will be $1000 or $0.00001 I don't care, because it's just play money to me. I don't live out of BTC and if you do, then you're in serious trouble!
Don't bet what you're not willing to lose.
I will not consider selling my BTC until at least a couple more halves....
maybe it's a risky move. Maybe BTC will disappear by then or will be replaced by a more secure currency, I don't know, but that's my gamble.
Maybe in 2022 BTC will be $1000 or $0.00001 I don't care, because it's just play money to me. I don't live out of BTC and if you do, then you're in serious trouble!
Maybe in 2022 BTC will be $1000 or $0.00001 I don't care, because it's just play money to me. I don't live out of BTC and if you do, then you're in serious trouble!
How do you not care if bitcoin is worth $1000 or nothing? Even if you only own one, it would seem nice for that one to be worth $1000. And if that side of your maybe turns out to be the one that comes to fruition, then those living out of bitcoin will certainly be in the opposite of serious trouble.
please sell I need more bitcoins 
hero member
Activity: 756
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It's all fun and games until somebody loses an eye
Bitcoins biggest selling points are its ability to be anonymous and decentralized. Most people do not care about this. The only services currently offered that really are served by bitcoins biggest assets are illegal ones--Gambling and Silk Road. The current run up is 95% related to speculation that "everyone will get rich by just buying and hoarding bitcoins". This will end like the last run up--crashing down to reality.
The fact that bitcoin is well suited for illegal activities does not make it ill-suited for legal activities, just as cash serves me just fine for my day-to-day purchases even though it is widely known that criminals prefer to be payed in cash.
The bears are just making it more enticing for the stampede coming on Tuesday. Ignore the mega/reddit announcements at your own risk.
At least we all agree that this is a bubble and not the natural grow of bitcoin.
There isn't such a thing as natural growth of bitcoin. How can there be some natural growth as to the amount of people willing to say... convert their wealth from dollars to bitcoin? There can't. You can't predict how many people would do this or even really measure it. It seems that natural growth means actual usage.... but that can't be the growth pattern that bitcoin will ultimately use because it is not only just a medium of usage. It's not just a currency.
The only way you could say that bitcoin would have a natural growth is if there was programmed in the protocol a slow decrease in the value of all bitcoins over time at some small amount that would prevent people from using it as something other than just a currency.
I sold most of mine too. Bitcoin market is way too small to be stable. I see profit I sell. Keeping coins and thinking that one day I be reach doesn work for me. I have money now. All of you , dreamers, make sure you wont pull hair on your head when it crashes. I can deal that I could sell coins for more. Can you deal with loosing thousand of dollars when you could sell for more?
Better to have real money in my pocket now than some dream money I could get in future
Better to have real money in my pocket now than some dream money I could get in future
I might be a bear at heart, but as soon as we are dipping I become a shy bull:
When you say over- or under-"priced". There is a price for generating BTC: The amount of power you spent and a fraction of the hardware you use for that. Last time I checked it was about $12 cost per generated BTC for the average miner (ASIC miner pay less on average). If there is a correction coming, it's unlikely it breaks through that price barrier... same was true when BTC hit the $2 level after the crash.
That said - I could use some more $12 BTC. Please dump.
That said - I could use some more $12 BTC. Please dump.
I just gold out by 80% of my bitcoins :-)
I like your thinking.:-)I think the main point of the original post is simply about the retainment of value of one's investment whether it is shuffled amongst precious metals,fiat or back into BTC.
Obvious troll-FUD post is obvious.
I like bears who just can't wait to tell everyone after they sold their bitcoins like it's them losing their virginities.
This is my first post outside the newbie section. I came here for the read and stayed for the lols. This made me snort outloud. Thanks.
Bear strategy:
1) Sell bitcoins
2) Write big wall of seemingly convincing text on why bitcoin will go down and post in forums.
3) Wait for people to read it and for psychological drop.
4) Price of bitcoins rises
5) Panic and buy higher
6) Bears win and bulls win more.
7) Profit!
1) Sell bitcoins
2) Write big wall of seemingly convincing text on why bitcoin will go down and post in forums.
3) Wait for people to read it and for psychological drop.
4) Price of bitcoins rises
5) Panic and buy higher
6) Bears win and bulls win more.
7) Profit!
"Why I chose to live in the gutter, although I was in the know."
May be it could be a bestseller.
May be it could be a bestseller.
This is so much fun, let's see what happens now. It's a big gamble to brag about being right this soon on the slope 
On this very page, some ten posts ago, I was reticuled for suggesting that it looked like there was a imminent downturn ahead.
Guess who is LOL'ing now!
Guess who is LOL'ing now!
Time to sell some bitcoins?
For centuries bankers have amassed a legendary share of the world's wealth because they understood money better than the general public.
If Bitcoin is the future, those who understand it first stand ready to do the same.
If Bitcoin is the future, those who understand it first stand ready to do the same.
... trying to play short-term trades with something with this much potential, sounds terribly shortsighted and likely to end in regret.
This is all the wisdom required to invest in BTC successfully. It's very entertaining to read this forum though.
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