Bitcoin Forum

In 1976 Ronald Wayne sold his 10% share in Apple computers for $800.  If he had held his stake today it would be worth $60,000,000,000 (60 billion).  This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.  8)

https://www.youtube.com/watch?v=bvWh8sh_wPY

Same, today we are pioneers of the new economical sistem. HODL!

We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.

some others sell there bitcoins for a lower price because they think that this is not a good currency, a source of income, a good investment and a hobby to us. people interested now earning bitcoin but they dont have atleast a little patient on how to wait for their transaction.. If we wait for the perfect moment i thought it was worth waiting for

Dont just hold buy more current price per bitcoin is bargain  ;D
I am regretting  right now, why i sold 3+ bitcoin when price was only around 700$  >:(

Bill Gates tried to trade all his microsoft stock for stock in Lotus, before microsoft became the giant it is today.

Peter Norton the founder of Norton anti virus used to believe malware and computer viruses were myths.

Some people succeed simply for being in the right place in the right time, it has little to do with brains.

 :D

The whole extent of an output will happen for a long term and not in an instant or short term period of time.

Don't sold for that considered high price since it will increase more. Eye for a long term if a person doesn't playing well in terms of bitcoin trading. Don't be bored when the price goes for an idle for about days or even weeks. Patience is virtue.

Look now and witnessed what is currently happening. HODL!

i've seen enough people writing about what they do with their sig campaign earnings. alot of them are squandering it immediately on buying games and stuff.

i fully support people who are participating a bitcoin economy, but damn that is a wasteful move that'll haunt them in the years to come.

But that guy is 82 years old now. How long do you think we would last before we start selling our coins as well?  ;D I don't want to wait till I am a grandpa before I can enjoy my life to the fullest. What is the point of that?

P.S. I am going to throw a paper wallet in a bank vault and wait till the year of 2030 to open it again  ;D ;D ;D

Not the smartest move. What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life, buy gifts for your friends, maybe travel a bit or start a company?
What if something causes Bitcoin to lose value along the way and in 20 years it will reach $10k to fall to $1k in the following years? What if you die holding?

I bet I will not sell any of my bitcoins until there's stability. I forsee it's going to rise again and again and I wouldn't repeat the mistake of Ronald Wayne.

I agree with you, except you need the money you shouldn´t sell it, because:

1. it might gain value
2. as i said: if you don´t need it -> you currently don´t need it so in case you loose it, it doesn´t matter (of course you won´t be happy)

So true... I've read about people who found money buried on their property while gardening. I also read about a guy who had a lot of bitcoins mined back in 2010 and forgot about it, because his whole stash was worth maybe $100 back then. When Bitcoin reached $1000 a coin he started to look for his old drive just to find he had thrown it to a dumpster along with his old pc.
Some people become rich without trying, others have money pass right under their noses.

Guys, it's not only about luck. Best investments are smart investments. People who make a living from investment learned to do it in the intelligent way. You can turn it into a science and maximize your profit or let it stay at gambling level. It's your choice. Ask the question yourself: Do you see a future with BTC? Why? These answers should decide your investment.

True, but the prices aren't that low and I will wait for a few more days if it will drop or rise before I make a decision. Bitcoin is soaring higher and higher and we all need to take advantage of this great feet that we've achieved.

Maybe perhaps he needed the medication and with that money, he saved someone's life
maybe he invested these $800, and earn his first million, and you must agree that is million in 1976 worth more than now.
Great when someone can hold bitcoin in his wallet, but a lot of people may be living from it.
I can not forgive what I did not buy when the price was $4

I'll just sell some Bitcoin when the price goes down again and buy when it goes up.
There's no reason for me to just hold them without earning some extra Bitcoin with the capital.

I hope i'm that person who bought 10% of the Apple and for sure i will not sell it in that time because i that kind of person who bought stocks and just let it sleep for years, So now i can be billionaire ::).

Learning from other mistakes is the very affordable and very cheap way of learning something new because you don't need to waste your time in getting experience since there is some people who already tried it for you and you just base on their result and then avoid it and also do better than them.

If no one is going to sell the bitcoins then automatically you cannot see the price getting fluctuated and their wont be much movement in the price of Bitcoins. So i think until the Bitcoin is been used by the users regularly we can see bitcoin price movement going up or down. Use the Bitcoin on your requirement and keep the balance for the future

I think it is better to earn than to just "hold". And selling Ronald Wayne's share, I think that is a better choice than holding it.

I loosed before, selling on high prices and trying to rebuy on next lows, low prices didn't come, and i had to buy on higher prices. Now we are on all the times high, i think that holding is the best option i don't want to make the mistake again.

Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.

It depends on your location and economy. While 200k USD might not sound impressive in the USA, at least not if you're thinking about the rest of your life, in some countries it would be a fortune.
For instance in Eastern Europe this could buy you 3 luxurious apartments that you could rent out later.

To give you a better example I'm living in central Europe, in a house, and my rent + utility bills don't go much above 2000 USD a year. If we multiply it by 2 to include the cost of maintenance, broke down appliances and stuff, this would cover my cost of living for the next 50 years! IMO it would be a great moment to retire.

Two 20-somethings create a phone app in their basement that allows young people to send stupid, inane or lewd pictures or video to each other, that then self-destruct in 30 seconds so their parents can't see it.

And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight????

Yeah. That happened.

So the point is, don't HODL SnapChat (or Twitter). 

HODL Bitcoin instead.  ;)

i think i am going to sell right now. Because of the ETF deadline.

HODL all the way. This is probably the best strategy, we can even see that in just one year bitcoin doubled in price so just think where it would be in more 5-10 years.

Don't do that just yet, if ETF is approved bitcoin will most likely skyrocket but obviously if ts disapproved then BTC might take a dump even below $1000

Probably if ETF is not getting approved means we can expect some fall back but definitely not too heavily, maybe around $950 levels also possible  but very sooner we can expect prices to bounce back to this current levels up to $1300 and may continue it progress of up surge. Hence I am not finding ETF as a deadline for holding bitcoins.

ETF may be just force for current rally, but surely $1300 levels were speculated when bitcoin prices beating gold prices. Just hold you will get $1500 and then $2000 levels within 2017 itself regardless of what ever out come we are going to get for ETF.

I know but i want more coins :) . I sell at 1250+/- buy back at 1080+/-

Why you want to sell?
You will trade fractions of your coins for whatever you want!
Who the hell wants to exchange his precious bitcoins for some shitty paper notes the central banks can play with whenever they like?!
People will lick your butt in the future to get at least one single coin if all plays out as we hope, meaning Bitcoin will be the ultimate open source permissionless Blockchain the whole world will connect to!!!
Be brave and think big buddy!! ;)

I do think every one has their own reason why they sell. We don't know their stories and maybe they needed fiat more at the moment they sold theirs. It's still a choice though. If the price go up, for sure there will be regrets (even a little) but we can always look at the brighter side. :) I hope we all be satisfied with our decisions (whether to sell or buy).

Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.

If somebody paid his last month's bills with bitcoin earnings, he is going to have a surplus this month.
You can at least hold the surplus for eternity.  :)

Ive been around these forums awhile and at one point I added up all the BTC I ever owned - It was over 200 BTC. If I would have held Id have $240,000 today. I sold some when it went from $5 to $30 then sold more from $30 to $100, and from $100 to $200. At that point I wised up and decided to start holding. I havnt sold any since and have only bought more. Unfortunately I only have a fraction of what I owned then.


Very good point.

i think whatever decision we made its always have what if in returned as we really don't know what will happen next or in the future ahead
bitcoin is really rising and if there's possibility to keep holding better to that now don't let this opportunity to pass.

I was a fairly early BTC miner. I had mined 130 or so BTC, and sold everything at ~$33/BTC.
Take it from me: hodl.

No worries as bitcoin will never experienced a pure holding because bitcoin users have different views about on how they will use their bitcoin. Remember that not all bitcoin users are here to hold it forever, that is ridiculous. Some are using it as part of their source of income to be used in some of the general needs in life, some used it to play for gambling, some uses it for money transfers for other country so that it will not go through a long process of usual transactions and many more reasons.

So if a person doesn't have a reason to sold their coins then better just to hold it and let those person who uses it regularly to do some selling action.

You cant compare 2013 to 2017. Different time, different market, different amount of users, price, trend, economic situation etc

You nailed it, SNAP is much worse than WhatsApp, yet the market reacted with $20B valuation, WTF!? All I can say is human stupidity is infinite.

I am not denying your argument here as both sides are important factors here, because both are needed to run the markets in a balanced way.
But, all I am saying is, hodling is good until the time we know that the effects are going to take place, because if you are out of the markets just before the time that decision comes out, then you are out of the possible spikes and drops which will be seen due to highest volatility on that day.

Good information about it, people tend to behave as react to the current situation. Maybe in the past, some people didn't believe in their investment and decide to sold it. Same as nowadays, when bitcoin reach highest price, people tend to sell it for cash as they worry if bitcoin in the future cannot give them benefits. Moreover, many people has intended to sell their bitcoin if reach certain point as long as they could extract more money. Well, I'm on your side, doesn't matter about the current price as I believe in bitcoin in the future will be great, maybe reach $10,000.

Well, learn from the past is very good, especially in a case like this. if you're able to not follow those who sell bitcoin, bitcoin might hold that you have to be very profitable.

Your comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save?
Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn.

Honestly they can still do that (paying bills from the BTC they earned) but we can at least suggest them to save at least 5% of their BTC earning (to not have much impact if it is one of their main source of income)  5% when saved in a very long time can be a big amount too.

That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.

Learn from other's mistakes, sold lows 20s amount of coins (mostly bought in 200 range) I believe around Jan last year at a little over $400.  Been through too many pump and dumps and didn't want to have to pay attention to btc anymore.  Sucks, but i'm glad to see btc at a high level regardless. 
I mean it is a better option for Chinese billionaires than stock piling aluminum or whatever they are doing these days, so up we go  :D           

That's why people keep buying while others selling their coins, to pay the bills and daily expenses or invest in somewhere else (business). Indeed, some has resources to hold but others don't. Same condition to bitcoin holders, make people trade to get profits instead of waiting for a long term. I'm facing the same process, but I've tried to hold and sell just a bit to cover my expenses and manage to save big portion of my bitcoin.

It boggles my mind that that actually occurs, but  it shouldn't surprise me.  Even the campaign I'm in now pays >$20/week, and that's not chump change by any means.  I have a regular job in real life that pays the bills, so I'm doing my best to just hold onto whatever bitcoin I get--and hope my campaign doesn't drop their rates like Secondstrade did a few times (though it's understandable). 

I've definitely made the mistake of not holding bitcoin.  The buy-and-hold strategy doesn't work for everything, but I'm a believer in bitcoin.  I think HODLing is the best strategy.

You're greedy.
I know that what works for someone doesn't really have to for the rest of us, but $1 million is a serious sum. Most of us won't hold this much cash ever.
Given this much money I would retire or hire people to work for me.

I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.

Yes we are, but most people will get desperate and they will give in to the temptation of selling and buying a nice car or a nice house. They will not wait the 10 to 20+ years to see the big big millions, so 21 BTC holders will become increasingly more elite with time, also consider all the coins that constantly get lost and there you have it, that is why me and a lot of pother people dream with 21 BTC long term position.

You can call me greedy if you so choose. I will neither agree nor disagree. I will say however that if I am greedy, that I am not maliciously so.

Current wisdom (such as it is) from Certified Financial Planners in the USA (where I live) is that, if one retires at a 'normal' age (e.g. 65 or so), you can likely spend about 4% of your initial nest egg per year without the money running out before your telomeres do. So for a Million, that's $40,000 a year. And that percentage would need to go down if you retire earlier, or your death will be hastened by the fact that you've run out of money. I agree that $40K/yr would be fine for some people. For me, that would be a step backward. Why would I stop working if I'd have to curtail my fun activities to do so?

Yes it is real business and I have started put some profit from trading on bitcoin, ETH, ETC
and other altcoins that has big marketcap more than 100millions,
I took reference from http://coinmarketcap.com/ I think the coins will grow up like on real business Apple computer.

it is always a good lesson for us if we can learn from others mistakes and i think it would give me some good information that if there are ane new thing that come to me, i would not getting to fast giving a judge and it will be good if i am thinking more deep about the information so i am not make any mistake like what Ronald Wayne do with his shares in apple. and if this is related with investment with some company, i think we deserve to thinking for a while before we made decision because its related with our future in that company too. thank you for good informations and i will listen and considering this as my lesson too.

this is a pretty interesting comparison between bitcoin and Apple shares. and it is actually a comparison that i used a couple of times before too.
although i don't like the idea of never selling. i am always buying bitcoin and earning more at the same time but i also sell some, for example if i win something in a dice game or when i am paid i withdraw some of it and convert to fiat to use and hold the majority of my coins.

It's impossible for people to never sell. They either trade or use their coins to purchase something. If you fully utilize the possibilities that the volatility is offering, then you can put your coins to work in form of trading.

Our main task is to increase the number of coins that we have, right? At least, mine is. In order to do that, you take advantage of the occasional pumps and dumps that the market is experiencing from time to time.

If I just focused purely on hodling without trading from time to time, my coin count would probably be 40-50% lower than what it is right now. That's why I never see dumps as something negative. It's an opportunity.

But it seems bitcoin will be semi-centralised in the future. I don't think if all of the cryptos are centralised. But what's your aspect to make a conclusion about the centralised of a crypto?

Well in an economic sense, all those activities can equally be said to be a participation in the Bitcoin economy. There has to be buyers and sellers at every point in time in any market to provide the necessary volume and liquidity, without which a market could lose its appeal. All bitcoiners  cannot simply hold tight to our coins till it gets to the moon because that's what stands in the way of sustainable growth.

Yes, Bitcoin is the digital gold.I would personally advice every one to hold their bitcoins as we are the early birds to this bitcoin world.Late comers would definitely regret for them being late to this digital gold.But who are running out of their expenses, they could not hold bitcoins.Hope bitcoin holders would be millionaires in the future.

I believe you mean sell while it's up and buy when it goes down again.

When the price pulls back...don't be sore, buy some more!

It is not true because all of the people around the world is need the fiat currency and we can't erase it from the world.  But i think you still need the fiat currency to keep your life too.

Yes the fiats will always be there because they serve the interests of the government, of which Bitcoin looks the other way. It follows that at no point in time would we see the governments fully backing Bitcoin, they understand too well what implication that holds for the fiats currencies. What every bitcoiner must hold paramount is that the survival of Bitcoin is our collective role to play, the government just won't, in fact, if the governments have had their way, Bitcoin would have been straggled by now.

It is a good idea to hold some bitcoins, especially if you have been doing so since the price was at $200.  But a part of it must also be used for buying stuff, so it does not defeat the purpose of it being a currency. The FUD over bitcoin is also a thing that keeps me minimally invested at this time.

Instead of holding it is better to short trade and then rebuy again at dumps. That way you profit without even risking to have not even a little bitcoin on your wallet. It will also ensure that you won't get tired of waiting since you profit from what you hold then you sell it and rebuy it at dumps. Also you can get better profit I think by doing this every time there was a price movement.

That's why people are trading and hodling at the same time. It will guarantee that a part of your coins are being put to work, while the other part is stored for the long term.

I just don't understand why people always force themselves to do one thing, while in fact they can do both hodling and trading at the same time. Just think and act smart. Never limit yourself.

experience has become something so valuable, especially in a business like this. but, do not hold it too long sometimes makes you so lucky, because chances are, there will be a decrease in price, and it can also be a chance to buy it. Well, it's the same as take advantage of increases and decreases in the price of bitcoin, such as trading.

Yup. Have a goal and get out with a profit. Don't keep on gambling.... GREED KILLS.
I'm in for the long run but have a specific date and price for which I will cash out.

I think you got a point there in hodling  part of your coins and trading the rest. In the long run it stands to bring in more coins that would have ordinarily been possible with just hodling. One thing though is that some experience and skills would be necessary, otherwise panicking and untimely sell-off would be rubbing off the gains.

A good trader could have made some serious money out of the recent movements not just in bitcoin but also in DASH, ETH and Monero. All the three have appreciated quite well. But you do need to have some skills and experience or you could end up with a loss. It would be better to trade as well as stay invested in some amount of crypto. Perhaps, go for 50% trading and other 50% for investing.

i can agree on knowing how there may be a dump, it's easy certain times, like the EFT dump, but how do you know the bottom to buy back, what if you screw it and buy at the double top or something? it's not always that easy, and it is easy tot alk after the thing happened, did you take profit from the last dump? for me it's better to just hold for betetr value and keep buying what you can