Bitcoin Forum

I'll be honest with you -- i was considering selling a portion of my coins,
expecting a crash during this period of great uncertainty, but now i'm strongly leaning
toward holding all of them.

We may still see a sell off.

But, my thoughts are as follows:

- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts.  This is VERY good news.  Even with multiple node crash bugs, BU hashrate is rising.  Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.

- Big whales already sold off a lot of coins

- Network split likely not to happen.  Core will capitulate and give the community bigger blocks or emergent consensus
because that is what people want -- even luke jr's own straw poll advocated this in the event that hashpower takes
over.  Core will save their ass even if they can't save face and at least try to remain as the "main" repo even if they
have to raise the blocksize.

- Already seeing alternate patches like Core + EC

- $1000 price now seen as support.  Dips below $1000 will be bought.  Also good timing with Chinese controls --
too late to get out now.  Only panic sellers will want to cash out at under $1000.  Big upside reward to hang
in there.

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

i'm really curious to see how much longer this deadlock can drag on for. sometimes it feels infinite, other times i'm thinking 'come on, something's gotta give soon'. i'm seesawing constantly. 

As Op described once the ongoing tension gets settled we'll experience a big rally in price increase. Right now panic selling is happening a lot without realising the ongoing tension. On the other hand along with the same but is gaining support compared to the buggy coin which is focused to support high fee as well the centralized system. So in a short or near future we may feel the goodness of bitcoin along with good price increase.

iam not selling coin, because iam lost
i am hold until coin can incraese again until iam profit can selling
if still down price iam use margin short, iam trading in bitfinex,kraken, and poloniex in there support margin trading

Yes all will be buying when all this tension will be over, actually people are worried about possible hard fork but i don't see it happening within next few weeks or even months. So i am also expecting another bull run to push price over $1300 in a blink of an eye.  ;D

I think whales are holding price low to buy under $1000 before starting a rally.

I am holding on for the opposite reason. I can see that BU will go the same route as Bitcoin XT and they will become part of the failed attacks on Bitcoin. The mining cartels will not control Bitcoin development, like they control everything else at the this moment.

Just because Roger Ver think he can create a new coin with a President to replace Satoshi, does not mean everyone else has to accept this. We got rid of the Bitcoin Foundation and we will get rid of centralized monopoly by mining cartels and people with money like Roger Ver, who wants to force people to follow him like sheep. ^heh^

Can anybody predict when this hard fork will happen?
Anyway,i`ve shorted my bitcoins before this month price fall and i`m ready for the next increase.
Bitcoin Unlimited is going to the trash obviosly.

so are you implying that Blockstream/core is spamming bitcoin transactions to increase the backlog (transactions in mempool) and cause the delays and fee rise?
you know that there is the same conspiracy theory saying BU is doing the spam attack right?

if you are implying whales sold and got out then you are spreading FUD.
and if it were true price would be $100 by now. not staying above $1000 with a big buy support and still a huge volume.

please keep the split FUD/drama out of speculation board :)

whales have already sold their coins above $1200 and when nobody was looking and then the panic started, the order sizes that were filled in the initial hour of the panic-inducing-dump supports this.

and then they bought back what they sold, again when nobody was looking, at the range of $9xx to $1000 and again the big buy walls preventing the price going lower than $960 after the bounce back from the lowest price supports this.

they are doing it on purpose to cause havoc and instigate people to panic sell, it's all about getting many cheap coins as possible, i've learned it many times already, bitcoin market is manipulated in one way or another

but i'll keep my coins regardless, bitcoin will not die because of an hard fork, there were worst case in the past with bug and exploit, and bitcoin coem always victorious


proof of this? all i see is a retreat to around $1000 which was the value before th alast pump, there is not any sell of from whales, there is no reason to sell, only newbie sell because of FUD not whales

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

good point and I would also want to correct it by saying:
bitcoin will not die because of a small chance of hard fork or an hard fork with consensus which has been the approach so far and I doubt any miner would even consider forking while a big part of the hashrate is not yet agreeing with them.

Selling is risky and highly unnecessary. I for example bought all my bitcoins at $300 and never sold any. I don't have to sell because the value of my investment is increasing dramatically.

Never trust the people whom advise you to sell. They hang out on a bitcoin-dedicated forum, go figure... They are after your coins. I have friends who don't believe in bitcoin, they are not on bitcointalk.

I strongly agree with you.

Price hasn't moved much even though there is obviously a lot of negativity within the community. The price has never stayed below the level of $1000 for over a period of more than 2 days in the whole of March, which is really crazy if you think about it.

I wouldn't sell any coin either right now.

After all, bitcoin core + bitcoin unlimited value should add up to the previous bitcoin value. So it doesn't make a difference.

You talk from a strong position. You were from the almost early adopters, so you dont care even if the price falls at $500 because you still are in profit. For the majority of BTC users who bought their coins from $1000+ they had to sell at $1200 and rebuy back. I was one of them. I sold all at $1200 and now I am in 33BTC worth of fiat If I buy right now.

Can you even get in trouble holding BTC. I have 100 BTC. BTC forks..I have 100 BTC yet (at whatever price)
I have alt equiv BTU 100 coin also.

say BTU becomes dominate....i hold that and dump out what I can from BTC and at worse I'm in the same boat
right 100 bitcoin of the winning flavor?

So no risk right? Except the  strain of all this angst etc of the bitcoin universe imloding to beanie babies or tulips that is :)

hard fork is not even damaging the bitcoin network if according to the recent announcement said. i guess Chinese is gonna majorly monitor the bitcoin blockchain regarding the transaction to prevent money laundering, the reason bitcoin price is falling.

I will be holding my coins anyway (Core and BU) in case of a fork. I have enough confidence that at some point everything will return back to normal (in terms of the price). I will just use the panic that goes through the market to trade against the volatility, and to increase my holdings in case the price falls down deep enough. I think that's the best possible way of dealing with this entire situation.

that doesn't make any sense!
even if you bought at $10 you would mind if price falls. profit is not just x2-x1 > 0 it is the time you let your money sleep and not touch it.

and all that aside if you really know what bitcoin is, meaning not just believe what you read on the internet, then you wouldn't care about what people say and what tiny fluctuation bitcoin may have when you are looking at the bigger picture.

what you said is true for those who are day trading. yeah if you want to buy today in order to sell tomorrow or in a week then you mind the small changes.

what if i were to tell you people were saying the same thing you are saying right now when price was $220?

maybe he missed that price so he don't sold it at $1200 and he can not bought at $1000. if he can sell it, i am sure that he can buy at least 2 btc and right now, he have that bitcoin in his wallet. but i think its good to not selling your coins right now because you are sure that the price will increase more higher.

No, i'm implying blocks are fundamentally full and there is no future for a Bitcoin that won't scale. Moreover, it must scale now before it loses marketshare,
and preferably on chain.

TBH I actually sold only a fraction of BTC that I own, when the price reached $1000 in Dec-Jan and I did that only because it was making me a ton of profit. I have bought most of my BTC during the $400 range, so a $1000 was making a good profit. Now at this moment i have quite a bit of BTC and don't plan to sell them, and neither buy anymore BTC buying right now is pointless for me and i cannot afford to buy a substantial amount.

Its a good decision that you dont sell your bitcoins by now. Cause it will probably goes up to 1500$ by the month of july.
The best thing to do for now is to hold all your bitcoins,dont panic if bitcoin goes down cause it will definitely makes its way to go up again.

Why you think july is the month where we will move to those highs?
Just wild guessing or any metrics you had a look at?
I'm just curious.

I agree that selling now is risky, as much risky as holding.The thing is we all here have aboslutely no clue what's going to happen next.
As long a you're not overinvested and really have strong faith in Bitcoin, there shouldn't be any circunstances where you think about selling. It's all about going through thick and thin then. We had 17 months of great upwards movement.Maybe now it's a time where we need some strong nerves and have to show our confidence and faith in our precious Bitcoin.See it as a kind of test before we can continue moving up again if you want.

Jonald stop scaring the noobies... I do not have the fiat to buy all those coins now.  ;D .... Most people are blowing this out of proportion so that

they can get the uninformed to sell their coins. I have been in Bitcoin much too long to scare easily.... and will hold onto my hoard until this thing

goes to the Moon.  ;D .... Ethereum went through the same thing and it is stronger than before.  ;D

sorry but i do think its a real issue.

https://i.imgur.com/rReUR2F.png

haha, come on man, don't ruin it for us.
the guy from whom i borrowed money last time price took a dive was very happy about the performance in the short term. i think i will do that again because at this point i am not willing to touch my cold storage and risk selling and not being able to buy back the same amount.

yes... yes... sell your your coins before we fork and bitcoin becomes worthless 8)

I fully agree with jonald here. He presented a solid standpoint here and his arguments seems logical.
Anyone who is preaching that only safe option is to sell all your coins and, maybe, rebuy them later is just spreading FUD.
Bitcoin is too precious and expensive (not only as a currency, but rather as economic phenomenon) to tinker with it and make hasty upgrades.
I hope we will have seamless transition to whatever scaling solution community/miners will chose.

If you ask me i can say that one logic what majority of them follows, we expect always a very good benefit from what we have invested for. the way btc is growing by just analyzing the past 2 years of experience we can see how much it has given the real value. so majority of the people think like how am thinking to not sell the coin now, maybe after 3-5 months or more than that will sell the coin to see huge profit. 

But you cannot predict exactly what will happen. price might go down as well. however hoping all the things goes well. the one reason why am not having the plan to sell the coins is simple, the price has become much stable even the price falls then as you mentioned we have hoped that again it will recover on its own. however i will sell the coin when i feel am getting the best benefit from it instead of thinking too much whether to sell or not.

I will probably liquidate 25-50% of my BU coins in case the price is right. I will then use these freshly gained funds to convert them directly to BTC which will help to increase my BTC holdings. I will keep the other 50% of my BU coins just in case it gains the majority of the all round support (which I can't really see happen, but still). But this all is nothing more than speculation. It's easy talking when nothing has happened yet -- people will have to re-calculate the whole situation at the time the HF becomes reality.

I will dump my BU coins after you guys do.

Win tactic; everyone hates BU so 0 confidence, so HUGE price drop in the beginning. Whales are buying BU from the weak hands, means rebounce+consolidation. Then i sell for a much better price than you guys do  :D Thank me later

Be smart guys. At least be as smart as Roger Ver dude.

Did he sell his coins when btc hit 50$? (I assume he had his 300k btc at that time) Did he sell when it became 200$? Did he when it was 1000$? No, He didn't. We can still go further and further.

Never sell your coins till your dreams become real.

Buy low/Sell highs are for amateurs. Real pros become rich by holding.

I dont know any that become rich by hodling. But i believe in Bitcoin so will hold my cold stash. People that hodled gold could make a lot more profit if they were trading it. People that are hodling stocks in Shell or other oil companies are losing money because they dont trade. Etc etc. But hey bitcoin is a revolution and will grow for many years to come. So hodl will do for the time being. Dont let it go to your head tho.

Couldn't have said it better myself. I'm not selling because bitcoins are way undervalued right now based only on uncertainty. FUD can really screw up the price of an open source worldly currency can't it lol.

Core will get their ass in gear and fix the block size problem or they'll be giving up control. A fork is a shitty option but it had to be threatened so they would do something about it. It's the kick in the ass they need.

That's a realistic scenario, but it won't really hurt me as I will keep 50% of my BU coins just in case. I also mentioned that if I am selling, that I will wait till the price is right. In the end, I won't be losing anything since I will continue to support BTC as I have always been doing. BU coins will have no value for me initially. I will take advantage of the situation, that's it.

If there is a network split, I would highly recommend just hold onto your coins until consensus is clear.  There are too many unknown variables with:  status quo  + best developers vs hashpower + utility.  You really don't know what the big players will do, so you don't have the edge, and you shouldn't get greedy and  bet.  Let it work out, and you'll be fine.

I also see this happening. Right now there is really big tension happening with bitcoin and this is the cause of altcoins all going up. When the tension settles everybody will move out of altcoins, causing the prices to drop back, and this will then boost the prices of bitcoins into a new all time high. I don't see people moving to BU anyway.

I've moved a fraction of my holdings into alts, and some into fiat when the price was still at $1200. It's such an uncertain time in crypto, but don't get me wrong, I have trust in this system, but in the end it is always better to protect yourself.

If you bought your BTC above $1000 then you're so stupid for -not selling and hodling because price right now is $888 on Bitstamp. If you bought arround $300 level then you're very smart...

Most of the users here has suggested it as a buy time rather than selling based on the price drop happening from the all time high. So with hope I too have planned of holding all the coins I've saved. Possibly cryptocurrencies are making big move in financial structure, so holding is the perfect decision.

Don't ever sell under $1000. Yes I think it's a smart choice to keep your funds and never get lose with this temporary bouncing price. I always beleive, if something down, there's​ always chance to raise soon. And now whoever do panic sell, they will be sorry. Just hold, better not doing anything and just watch the market than do a carelessness.

I have exchanged 25% of my holding to 2 different altcoins (the #2 and #3). And the longer this blocksize debate continues, the more I will exchange to altcoins.      
    
Furthermore, I have been buying new bitcoin weekly, and now i'll buy new crypto weekly, instead of bitcoin.        
    
I'm not rich or anything, but i'm still talking thousands of dollars worth of crypto assets i'm holding, and I'm not the only one doing this. In fact, I'm pretty late to the party.     
           
I do think though that whichever side ends up winning the battle, BU, Core or another side. As soon as the debate is finished, bitcoin will likely recover a large part of their cryptocurrency share. As long as this debate doesn't take too long too be solved.     

If bitcoin ever stops being cryptocurency #1 it might be over permanently.

To be honest if im going to sell my coins i just lose the chance that bitcoin will increase and make another profit from it grabing the chance of holding bitcoins to our bitcoin wallet is the best opportunity for me since i am small time incomer in bitcoin. I also saved 25% of my profit every time i get it from trading , gamblig and other freelance also.

That's the right thing to do hold your coins for the future and if you sell them now then the profit margin would be not too high so this is not the best time to sell your coins but if you can save them for future and wait for the price to go higher would be the best decision to make at a moment.

No one will prefer to sell their coins at this low price as everyone wants to make huge profits from bitcoin and that is the main purpose of investing money into it and if they sell now then it will take away opportunity from them to make higher profits. Holding is the best choice at a moment.

I just checked the value now, it's again dumped to 960$ now. We need huge adoption in upcoming days to increase the value of bitcoins. However, at this situation we can hold the bitcoins as much we can and sell it out when it again touched the peak value.

Yeah, there has been a ton of volatility lately. It has been a roller coaster for sure. I start to get a bit worried when I see the price under $1000 now, but I'm sure it will recover once the uncertainty subsides.

the price went up above $1000 yesterday, and in my observation that shows a good buy support and a willing market to buy bitcoin up, the demand is still there and hasn't gone anywhere, and it is not going to either. its just that the panic is still there too and the $1000 price is always going to be a psychological barrier for bitcoin price where people have their sell targets there.
and this only means a bit more time is needed.

 Why are you playing both sides of the fence? And with both your alias'? One right after another lol. The "I no speakee English" and the " proper vernacular " versions both saying the same thing...is that your idea of subtle?
Lmao