Bitcoin Forum

Im just curious all of you who holding coins knowig that tommorow price will be a X% smaller or even XX% smaller. This is madness...

1. It's not "for sure", there may be really big news/big changes any day
2. for idealistic reasons, holding Bitcoins is voting against the current banking system

(3. I love how all those bears are begging us to sell the coins, so they can buy back cheaper later on. ^^)

buy you can buy-in after the price will hit the bottom and you will have X more coins

And besides, long term trend is still upwards.

If all people do that it's a zero sum game, for some to gain back more coins others have to gain back less.

+1, i just feel it's too risky to sell all my coins, this market goes so fast. But hey, i'm a bull in denial.

Do you think if people will start selling coins, price will go up?

lol

jaroslaw sold out and his mom wants him back in (sexually)

Price is going nowhere but down :)

It's going down because more peoples are selling their coins and demand is less.

And people are selling their coins because it's going down!

And thats why i dont understant others people who are holding bitcoins when price is still going down :D

They refuse to believe that we have undergone a bubble and that it's deflating.

That's a good indication/prediction

Posted in another thread...  Thanks to the original poster

https://i.minus.com/jb2fcHCgEJspoT.jpg

Only stupid panic sellers.

And wise one oracles are holding when the price might hit 30-50$ :D

Because I don't listen to RPers :)

Also because I don't hold any BTC. LTC is the way to go. Atleast for now.

This ?

holding-like-a-retard.png

http://s16.postimg.org/pnxmjraxx/holding_like_a_retard.png (http://postimage.org/)

Yup, but they are the one driving the price down...

A lot of people are losing hope that Bitcoin will rise soon.  A lot are cashing their profit before turning in the red.  And a lot are thinking exactly like this thread's title.  They are not pessimist, just realist.  Nothing it holding Bitcoin apart from speculation.  Until there's important good news that there will be a real economy for Bitcoins, then it's still pretty "virtual" for most people.

The storm has to pass, and market has to calm down.  Prices will rise eventually, but it will be another day.

made my day :)

People are holding because they are thinking more long term. Instead of selling for a loss now and regretting missing out on the next bubble, they are just simply going to wait out the storm.

Problem is putting them on any exchange is a risk in itself. They may suddenly go missing.

It sounds simple to sell while it is falling and rebuy at the bottom. But in practice predicting bottom is very hard. And if you miss it you are screwed (aka bear trap). This is why some people who believe it will rebound may prefer to hold.

Also when downward trend become more visible, people who hold now may decide to sell eventually.

even if you miss bottom you will have more bitcoins than now :) so its pure profit. If you know next weeek price will be 70$ per btc will you still hold bitcoins ?

I don't sell my long term holdings when the price goes down because I already committed to myself that I would hold them for at least 10 years, no matter what.

That way I don't sweat the price fluctuations as I'm betting on bitcoins being worth a lot *permanently* (not just a brief bubble peak) at some point in the future.

Sure I could increase my bitcoins by correctly playing the market, but I could just as easily decrease them if played incorrectly; not worth the risk, I'll just sit on what I have and wait...wait...wait...

How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?

How can you increase your BTC by selling at 85$ and buying back at 95$ ?

Your argument only works if BTC does go down, but BTC is unpredictable, so you could profit from it, or lose from it. As someone else in the thread said earlier, for someone to win some, someone loses some.

Pretty easily when it goes to $90 instead of the expected $75

You seem devoted to trying to make the very small amount of people who actually take the speculation forum serious to sell lol

Deflation is power!

P.s. never thought I'd say that someday.  ;D

I am holding my coins so that I can keep my investment in VTX on http://havelockinvestments.com. Buying shares in a company like that is sort of like selling my coins as the price goes down the value of the shares should go up. Yet I still get to stay in the BTC economy and VTX should have some very big news about their new merchent API that should send the shares flying so double yay for me.

During the bubble I was unable to sell my coins as I had them all tied up in a number of mining funds. I have since been able to more then double the amount of coins I had so I will simply need to sit on all of them until the next price rise. No way I am selling this low when I have no idea when the next rally could start for whatever reasons.

Staying in the btc economy and finding other ways to grow your coins is much more fun and rewarding then attempting to day trade and having to pay taxes on all your trades. As long as you believe in the long term growth of btc that is.

Strategy.

Listen. When the price was going up, I was selling. I paced myself - a little at a time, make it so I'd never quite run out, &c.

But because I did that, I can hold as the price falls - even buy as the price falls - and still know that I'm making a profit compared to the last time we were at this pricepoint.

Sure, if I'm 100% certain that the price will move a particular way, it'd make sense to make a big trade on that certainty. The unemotional part of me feels pretty sure that the USD/BTC rate will keep falling. But I know from experience that I'm piss poor at actually knowing how the market will move. I'd rather trade on a mathematically sound system - even when it suggests weird things in the short-term - than trade on my hunches - even when they seem good in the short-term.

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. ;)

This picture reminds me my 300 bitcoins :D
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 :D

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.

Want take a bet that we hit 70$ first ? :)

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.

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

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 :)

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

Or maybe they dont want to listen the truth ? :)

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.

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.

The right to use :) should be revoked from you.

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".

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 ;D

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 !

yup!


newbie question, is newbish.

holding and hoping, of course. lolol

To make money at this game you should do the opposite of what everyone else is doing. 

If they are panic selling, you should be buying.

If they are panic buying, you should selling. 

The price will continue to fall for the next 3-6 months as all these shiny new asics come online.  People will want to dump coins in order to recoup their investment.  After this backlog is eventually cleared, the price will start to rise again as the majority of miners switch back to holding. 

The next 3-6 months will most likely be the lowest the coins will ever go again.  Just wait till they bottom out and scoop some cheap coins up.  If you don't know when that will be then just buy 1 coin every week till it bottoms out.  The effect will be that your entire position will be averaged down to a bit under half of what the normal price. 

If anybody ever belonged in the BTC-e trollbox, it's you.  It's more than obvious that you sold and simply wish to spread FUD so others will lose while you buy back lower.

This makes even less sense now than it did back when the block reward was 50 BTC.  As difficulty adjusts, the number of coins generated will be comparable to what it's been since the end of November (roughly 25 every 10 minutes).  The number of people selling freshly minted coins (a small fraction of overall trading) will also be similar to what it's always been because ever since people started spending money on hardware to mine BTC (ie. near the beginning), they've been dumping coins to recoup their investments.

The only thing pushing the price down is fear and speculation.  Since it's indisputable that a volatile market mixed with speculation and emotion is a formula for even more extreme market fluctuation, it's impossible to be sure what the price of BTC will be tomorrow, nevermind 3-6 months from now.

Because its not 2011 and I don't want to be a butthurt investor that runs away to come back in 2 years and go damn I wish I was here in 2013 ;D
Accumulation Baby!!!!

Who's to say prices will ever return, if mass adoption continues to evade Bitcoin?  This is the problem everyone wants to ignore.  Over the last couple months, Bitcoin has seen worldwide media attention, yet no major companies have adopted Bitcoin and don't seem to have any intentions of doing so.  I mean, it's not like it's difficult, right?  And it's certainly not because they haven't heard of Bitcoin.

When someone can explain to me how Bitcoin plans to retain value without any real way to use them, maybe I'll be bullish again. But all indicators tell me that, Bitcoin is a sinking ship.  Doesn't matter what miners are using or doing.  Without mass adoption, it's just monopoly money, propped up by speculators.  And please, if you're going to try to spell it out for me, spare me the libertarian, bible thumping fantasies.  I need to hear something with real world substance. 

Who is holding? I'm Byuing ;D
I'm buying when it goes down.
I'm selling when it goes up.
Very basic strategy.
And use basic money management not to risk more that 5% of my portfolio.
I also mine some ;D

I hate to say it but bitcoin will always have one place where it's useful and that keeps the prices above zero.

Also, I'd like to point out that big corporations are really slow at taking decisions. What is more, development of new programmatic structures to introduce bitcoin protocol can take 3-6 months. It's just the third month since the bubble thingy which possibly could have attracted new interested parties. Give it a time of 3 more months to see new companies accepting bitcoin.

MT Gox withdraws are back online now, it just may have some positive price pressure on now...

I didn't sell ... glad I held on... even if drops more that's fine it'll be back at some point...

no they arent

http://fdzeta.com/subir/images/3LE2F.jpg

I am inclined to not believe low level tech support than a slightly higher level press release.

I'm not sure are you sure ?

https://mtgox.com/press_release_20130704.html

Are you sure ?

Jaroslaw:

When you will sell your coins? ;) I am waiting for a fair price...

Im waiting for suckers rally and bull walls at 80 :)

blitz, i don't know you and i haven't followed your modding patterns but, can you explain your reasoning for allowing this guy to FUD all day and all night nonstop. at least put a limit of one post per day or something

But Blitz is a permabear well until it reachs 10 dolla  :D

So at July 3 13.15 when i open this threat the price was 88.40$
Today the minimum was 72$

And how much do you loose not selling BTC ? :)

And some people still trying to convie me that we might have rebound :D

"Two more weeks" !!! Who do they think they are, BFL?

Who is still using MtGox anyway? I pulled my coins out of there a long time ago. I think they are still allowing bitcoin withdrawals, take your money to another exchange and sell before the price goes down any more!

Sorry but to sell somebody have to buy it also. If you convince everybody to sell then who will buy them. You at $0.01? Its clear you want to rob everyone else hurting bitcoin economy in the process for your little shitty profit. So im asking you to shut up and get lost if you don't want to support bitcoin community as a whole. I'm tired of all people who only mind they tiny interest because of this behaviour this world is fucked up as it is now. When people will grow up and start working together instead of screwing each other?

And no im not writing it because i have lost on bitcoins, its the opposite actually but maybe i dont care about money like most people here. There are more important things to change.

There is something you don't understand, not everyone is day trading like you, some of us (miners mostly) acquire coins with no cash input. Therefor, acquired coins only have a btc value. If we were to sell, it would be pure profit anyway, the only comparison to establish "profit" margins, is yesterday's price.

How do you know my tactics? :D