Topic: Why you should hold out for a new ATH before selling ANY bitcoin! (Read 1292 times)

Dude at ZH is laying out what he sees is playing out in 2016 and this is 3 out of 5 of them.

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2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies.

We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you control everything.

The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies--money that is global and independent of any state or central bank, or indeed, any bank, as crypto-currencies are structurally peer-to-peer, meaning they don't require a bank to function: people can exchange crypto-currencies to pay for goods and services without a bank acting as a clearinghouse for all these transactions.

This doesn't just open the possibility of escaping the debt-serfdom of central and private banks--it opens the door to an entire global economy that's free of the inequality and concentration of wealth and power that is the only possible output of central bank created and distributed money.

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More...http://www.zerohedge.com/news/2016-01-06/2016-theme-3-rise-independent-non-state-crypto-currencies

I too believe that in the Any time higher prices just the ticket for making bitcoin into moon.
We are already having large base and the recent raise in of bitcoin mining difficulties ensure the higher prices of bitcoin.
This way bitcoin  will go beyond previous high levels.

I don't believe that there will be such crush (if any) to make the stock market to go at '80 or '90. There are time which are spoken about the crash of us dollar, the crash or even the disappear of euro, e new crash of the world economy and now the colossal credit bubble of China. But what we are seeing is a more strong or stable us dollar, any big problem for euro a tremendous development of China and normal other markets. But if it would be a crash of stock market the investors (according to me) will go mainly at other markets and not at bitcoin market. Even this last market will be affected by the crash of the stock market (always if any) the other (fully legal and known) markets will be more attractive compared with bitcoin. Bitcoin is yet away from such world. Or even if is within it have a weak status. This doesn't mean that cannot be attract investors. But, as for me, would be few and not so "powerful" to affect hardly its price. The most important factor during the above period which will affect the price of bitcoin, as for me, remain the halving. Or some run of bitcoin in higher top figures only following its free will.

I think he want to indicate oil price as well.

With CoinBase's debit card the whole country doesn't need to accept it. The few individuals that "get it" can switch over now and be a lot better off than everyone else.

It's actually better if most people don't use Bitcoin. They're the reason for the mess we're in right now and why we needed Bitcoin in the first place.

You are right...
For us to see a stable growth and most importantly, stability in the markets, this needs to happen...
But for this to happen, whole of a country needs to accept it as a "valuable currency in its own genre" and not based on some prices...
Remember old days when Gold was used as a source of cash in order to buy things, or things for things like barter trade???
This will, by far, help a lot in order for us to get mass adoption...

I agree, this is the best way to keep your bitcoin wallet growing and whenever you feel like selling you can make lots of profits

I buy coins to send them into my cold-storage. (what i can afford to lose)

When i need a item ore a service and i can buy it with BTC, i convert that amounth of fiat into BTC and send it into my hot/spend wallet and buy it.

this, absolutely, because it will actually help indirectly the growth of bitcoin in value

without dumping and only spending directly, there is basically no more pressure, and demand can go crazy

What are you doing here then? If you are so against bitcoin Madthecat, maybe it is better to leave it as it is and find something else to play with.

Gold sounds like something for you.

Fuck Bitcoin!

A great big bloated system, that keeps a permanent public and highly traceable record of every single transaction that has ever been made, and which is also a totally cornered market with huge 'shares' concentrated in very few hands.

erm....No Thanks!

Treat Bitcoin as the parasitic wealth leeching bitch that it is.

Don't buy bitcoins just to sell them.

Use them as intended. Spend them.

Convert your currency, don't buy.

Until they get fired because the worst economic crisis from last decades

I will definitely hold my coins till we reach a new ATH, and even longer than that. I will definitely sell some coins to secure my profits, but these are mostly my coins that I have for trading purposes. I am not even sure if I will sell some of my cold wallet coins while we are still under $2000. There is so much potential in the price, we just need to have a good bit of patience. That's it. Those who have patience will be greatly rewarded for that.

It would be crazy to sell right now. Especially with halving coming up so soon.
I do expect for bitcoin to reach a ATH since halving is coming up
So I won't be selling yet.

I doubt there are a lot of people who would get a profitable amount out of bitcoins that they would sell right at this moment. I think most of us are waiting for bitcoin to reach a new ATH and then they will sell some of what they have.
Some people who own bitcoins have a job besides bitcoin and they can buy more bitcoins with the money that they earn from that job.

If people won't have wealth, how will they have spare money to buy bitcoins and make a new ATH?

I believe bitcoin will reach a new ATH around the halving time, it's coming up really close. You should wait to sell bitcoin either way. I wouldn't sell before bitcoin reaches $1000 again anyway. Unless it doesn't workout in your situation and you need fiat. There are exceptions as to why people have to sell their bitcoins.

well bitcoin does not need a crash to emerge, i'm sure it will increase, even if only china is crashing in other market

and since china play a primarely role in bitcoin, this is what you need to have at the moment

Crashing may be a a hard word at the moment, but most major markets are definately down and showing no real signs of recovery on the long term yet.

May take a while before it gets rolling again, but the low oil price may actually help a lot here as it will be much cheapers to produce goods and provide services now, massively boosting the profits (just take airlines for example, they must be having the times of their lives.)

US Stocks have been inflated for a while, price/earning ratios quite a bit higher than historical norms, so a correction has been overdue.

 The China market meltdown seems to have been more a "trigger" for a correction elsewhere rather than an actual cause for a meltdown anywhere else.

Equities have essentially done fuck all right through 2015 and ended the year down.

First week into January, and they have all corrected horribly, on the back of some rather nasty bearish market structure left over from the latter part of 2015. We are coming into a Fear cycle for sure, which in the past has always seen wealth flow into hard assets such as commodites, which 'surprise surprise' are all currently at their absolute depths and bottoms, nicely timed for institutional investors to buy on the cheap, whilst 'maw n paw' continue to put their savings into equity investments, teetering on the brink of their parabolic tops.

Could Bitcoin be seen to be a 'hard asset'? I suppose it could.

However, I would imagine the first stop for wealth fleeing crashing equities, will be plain old Fiat, and the King of Fiat is the USD. Problem with a lot of assets, is that the economy has to be turning and producing demand in order for hard asset investments to be profitable and:

a) that aint happening
b) we are still in a phase of 'overproduction' due to hard assets ramp circa 2010-2013.

With that said, the USD Index has already seen a huge move up over the past couple of years.....can it really keep on going? The answer to that question will be the answer to when/if hard assets are about to get a bit of rampy rampy action.

No one can predict that... so maybe we will reach ATH sooner/later/never....

Besides China, what other global markets are crashing ?

World stock markets are heading for MAJOR crash, back to late 80s early 90s levels

https://youtu.be/Ix1RVpYyx-s#t=5m20s

Bitcoin is gonna swallow a lot of this fleeing wealth. New ATH within 18 months guaranteed.