Topic: Why people holding their coins when the price is going down for sure... - page 2. (Read 4087 times)

holding and hoping, of course. lolol

yup!


newbie question, is newbish.

As it go down, majority tends to sell, when it goes up, most buy..

I buy on the way down, and sell some on the way up.

I always buy stuff/service, no matter what the $/BTC ratio is.

It seems logical from my point of view !

Given that I'm talking about someone who believes the price is either going to go to millions in a few years or zero (asymmetric bet), if they also believed this when they first bought into BTC, they should have invested just a small portion of their total assets at that time - enough to become so rich at the end that they won't care much about having a bit more.

The price rose this year, and indeed BTC swelled to be a much larger portion of their total assets, but unless that price rise changed their long-term outlook, they still have the amount of BTC they need so that they will be as rich as they care to be at the end.

Selling large amounts risks ending up with them being substantially less wealthy than they'd like to be, but trading the bear market to double their BTC doesn't hold much appeal to them long term (ex hypothesi). Now of course medium-term they might get to take more profits and reach their goal sooner, but to do that at the risk of never reaching that goal may not be palatable to said investor.

Now of course if someone overinvested at the beginning because they underestimated the long-term BTC price, they should take very health profits now if they haven't yet, by all means, but it would be odd to just assume that the readers have all changed their long-term price expectations. Someone with consistent long-term expectations for the asymmetric bet and consistent risk tolerance wouldn't be expected to sell what to them constitutes a "large" portion of their position unless they suddenly needed fiat for something.

Note: I'm not rpietila; I'm much more long-term bullish than him

Reptilia, is that you? If the price were to go to millions in a few years (with a certain % chance) why would you invest most of your money? You can invest a small portion and still be filthy rich, and reduce your risk in case it doesn't happen. The wise choice is to liquidate the Bitcoins and retain what you think will be "enough".

The right to use should be revoked from you.

1) Even though the price is likely to fall further, it could easily rebound above $100 or even $120 in what might be a bull trap. If you sell at $75 and it jumps to $120, you might not buy back because "it's a bull trap." But what if it just keeps rising? Not likely without some kind of obvious news, but certainly possible. Before you know it, you've lost most of your position. And if you understand where Bitcoin is going, losing most of your position hurts an awful lot.

2) If you think one bitcoin will be worth millions in a few years, it hardly matters whether you have 200 or 400; you're going to be a fucking tycoon either way. If you already sold a reasonable portion of your holdings during the higher portion of the bubble, as is prudent in any rapid price rise, you should have little need to be overly greedy in trying to increase your stash by outsmarting the market. You've got some nice fiat profits, and you probably already have plenty of bitcoins to be secure in your future a few years from now. No reason to play with fire. If you understand the asymmetric bet, dumping most of your position is playing with fire in terms of possibly burning your future massive wealth.

TL;DR: I'd only sell large portions of your holdings if you think Bitcoin isn't going to succeed.

If you are so sure that the price is going to go down, instead of talking on the forum you should be out shorting bitcoins as hard as you can. Borrow as many bitcoins as people will lend you, sell those and buy them back later. If you are so sure that the price will go from 85 to 75 over the next week, offer to borrow at 5% for a week, I am sure there will be people who will take that offer.

Or maybe they dont want to listen the truth ?

Where do you hold the flat when you sell? On an exchange? No thanks, might go mysteriously missing.

I fucking hate your avatar. But I have nothing against the real guy.

Also the number of ignores you seem to have tells me much people agree you're an idiot

Still selling now, and buying later on lower values make you have more bitcoins for long term so whats wrong with you people

Not everyone is buying to speculate. Some of us are serious investors and we believe in the long-term value of Bitcoin, so we will keep holding and in some cases buying more as the price drops.

Want take a bet that we hit 70$ first ?

Actually this whole crash thing had a perfect timing because I have ran out of pocket-coins and will buy some more soon to be casually spent during the next 6 months.

What selling?

I'm buying not selling!
The lower the price goes the more I buy!

This picture reminds me my 300 bitcoins
Also this is the reason I don't sell, I have them buried underground and only a treasure map can get me there. Too bad it's tattood on my butt and I'm not going to use a mirror to follow it

As soon as I sell price will definitely go up.  I have learned this the hard way.

Some of us are just not talented at the selling high, buying low strategy.  Of course, husband is trying to advise me to just sell what we have, count our losses and walk away because he is worried like many people are.  I, on the other hand, think if there is any chance that BTC does go mainstream I do not want to live with the "Would have, should have or could have's" haunting me at that point.

So I sit here with our small stash of BTC securely locked up.

Besides, the amount we have really is a drop in the bucket compared to many anyways.  And, if we lose it all, oh well.  Our deflationary USD is losing value too.