Bitcoin Forum

Mine wont shut up...

It's the first thing they usually say when I tell them it hit 1,000

The peer pressure is too great!

Must retain balls of steel!

Ignore them. Then wait for the cloud of smug you can float around on when they’re at $2000.

Hah, my buddy texted me last night asking if I still had my BTC, sadly I lost a bunch because of Mtgox bs, but he's jealous he didn't jump in either. If only it would hit 100k :) Hold on to it!!!

I got a few jealous friends with all kinds of good advice. I've already profited from Bitcoin no matter what happens.

Chances are your friends don't know more about Bitcoin than the average journalist, so don't follow their advice, but your own gut.

I was one of those guys, If only I believed my brother in 2009...I would be rich today. So now I am hoping LTC will have the same succes,

yep, we are either going to prove very smart or very dumb

There's a good chance it will. Keep hold of 'em. You could spend a little on some of the other up and coming cryptos if you can afford it. It's worth the gamble.

I don't discuss whether I have any or not, just tech.

Less your friends know about your btc -> less headache for you.

I have been mining since mid 2010. I spent as I wnet and reinvested in mining gear when BTC = $200. Insult to injury, I passed on my wife's endorsement to invest $1K when BTC was $2  :(

I could have been a millionaire but I did what was right at the time.

Now with a fist full of coins (<5 BTC) I hang on with grim determination for the $100K per BTC mark.

"Why dont you AT LEAST cash out your initial investment?!  You're crazy!  So what if its 40% of your current balance, and you'll cut your coin count in half!!"

Me:  You don't get it.

"Take out your initial investment and a little more as a reward for you"

Me:  You don't get it.

"If you cashed out some now, you would probably make up for it in gains over the next week anyways!"

Me:  You don't get it.

"There's got to be a specific number at which you are going to pull the rip cord dude!"

Me:  You don't get it.

"What if it goes to zero?"

Me:  LOL ...

I try explaining what bitcoin is, they think it's a "scam' lol.  I don't get how that's possible when the currency is decentralized.
Anyways, I told them to buy a couple like me when the price was at $120 USD, and of course they changed the subject in like, 2 seconds.

It's so funny now that I compare what others say; I have come to a consensus.

In the world, there are only 2 types of people:

People who understand bitcoin
People who think bitcoin is an even uglier paypal

That's it, really.

Heh, thats what they told me at $10. Good thing I listened!

Same. ever since it finally got back up to $10 people been telling me "Just cash out man, that's like X dollars dude!" And although I have cashed out a lot along the way, for a very low average price, that X just keeps on growing.

I've now stopped selling bitcoin for fiat. I will now only exchange bitcoin for goods, services, someday taxes? and other crypto-currencies if I think they have merit. (very happy that litecoin was able to gain against bitcoin while bitcoin has been gaining against the dollar.)

Everyone I talk to says this to me also, and I don't talk about Bitcoin all that much because it got tiresome watching and listening to peoples reactions. But they still know the price of BTC and are bringing it up and telling me to sell, LOL, yeah not happening. My one friend talks about Bitcoin with everyone, they were laughing at him for years after I brought him onboard in 2011, telling him to sell every couple dollars, now they all shake their heads and he laughs at them.

My mother wants me to cash out, butI told her to shut up. She does not udnerstand why I dont do it. The reason? I dont want fiat :)

My friends also saying thinsg like "take you initial investent out" but i dont do that. BTC needs to drop below 80 USD before I loose money ;)
I told them to shut up and say that they can look forwad to a party when BTC hits 1000 USD. So now... I need to throw them a party ;)

I remember telling this kid to buy a few back when it was $5. He never did. I'm certainly not going to bring it up now.

Yeah friends were jumping up and down to sell at $400. It's like you're so eager to sell, no wonder you don't even have coins you can sell. That said we will correct and correct hard. In 2011 it went down 94% from the peak. I doubt we'll get lucky enough to see another one of those now but 50% down in an hour is realistic. A lot more people have become educated to see those as buying opportunities now though.

50% is possible from the current price.
even 75% is possible if we go to 2000 USD in a couple of days.

I have the feeling that this is the same sentiment as the moment we went through the 100 USD barrier. It was after a period of fast grow in value in a few weeks. We finally broke through 100 USD very fast. So maybe it is april all over again and we go to 2000? 2660? USD and than crash towards 500 USD...

Time will tell...

OP you could tell your friends that you accidentally deleted your coins.  :o That would shut them up.

I keep telling mine not to cash out the casascius coins I gave them years ago... So far they've listened, if only because I won't help them do it, and I keep telling them that the coins are worth more than double intact.

Too bad someone at DEFCon fucked that up.  Casascius coins can be opened without destroying the hologram, so their resale value has plunged.

Most of them have the highly collectible series 1 coins, I still see selling for pretty high.

Link tho? I haven't heard about this.

Too many people now.  We won't see another crash greater than 50% unless bitcoin never recovers.

i did the same thing, bought a mini rig instead of 3300 coins..... Can't undo that mistake!

Maybe she just wants you to move out of her basement already.   ;D

maybe that is partially true  ;D

Here's the first link from a Google search for "casascius defcon": http://www.coindesk.com/defcon-hackers-crack-physical-bitcoin-casascius-coins/

It looks like there are lots of other sources you could explore too if you want.

I'm not allowed to mention it anymore.

Jealousy, you see.

Nope, they are asking me how they can get their hands on some coins.. ;)

I have lied and told people I sold to get them to shut up, although I have sold a very small percentage recently and may sell more and attempt to buy back at lower prices once this trend breaks.

I also made the mistake of telling them how much I bought.  At these prices I don't really want them to know how much money I have.  Frankly, I didn't expect the price to go this high this fast.

My friends keep telling me to cash out. Now they tell me to buy Litecoins  ;D ;D
I guess in a way they think better of crypto currencies now  :P

It's funny how bitcoin changes your perception of what it means to "cash out."  Cash out to what??  

I am basically following Risto's Pietila's "SSS" plan [https://bitcointalk.org/index.php?topic=345065.0 (https://bitcointalk.org/index.php?topic=345065.0)] in which one diversifies 10% of his holdings ever time the price of bitcoin doubles.  Following this plan, you'd already have re-couped (in dollar terms) your original investment if you bought before the current bubble AND you will still end up with about 1/3 of the coins you started with should bitcoin ever become a major international currency with a market cap similar to that of gold (i.e., 6 or 7 figure bitcoin price).  

I made one adaptation to Risto's SSS plan: since I still earn an income, I move a small percentage into bitcoin each paycheque.  It seems strange to be both a buyer and a seller of bitcoin, but I rationalize it as follows: I sell bitcoin only to "rebalance" my portfolio should my bitcoin holdings become too great, while I buy bitcoin with a % of the disposable income I have available for long term savings at the end of each month.

Better to ride btc to 5-, 6- or 7-digits than hope that some altcoin will reach 4-digits first.

Wishful thinking is not your friend. Yes, we'd all like it to be 2011 all over again, but it's not gonna happen.

You gotta be careful with comments like these, because they get "bumped" back to the top to be mocked and laughed at 6 months later.

Pretty sure when I was buying Litecoin at $2.50 only 4 months ago, nobody on this forum (even the most optimistic) would believe LTC would be at $40 four months later.

All bitcoin bulls are suddenly bearish about litecoin and resort to all the bitcoin bear arguments they used to reject.   ::)

Keep in mind that as BTC is being traded @ $1000 there are hundreds if not thousands of new bitcoiners buying their very first bitcoins @ that price "$1000". These new Bitcoiners are the ones in turn of holding the flame and they wouldn't pass it up until the price reaches $1500 if not $2000. This is what really was going on over and over again. Whenever there are bears falling there are much more bulls joining the game. It does't matter which station you are going to take off, there are always someone taking your place to the next station.

Bitcoin true value can not be evaluated in money. Bitcoin true value is in what money is trying to evaluate. Money has proven to fail in such complex equation. Bitcoin is solid enough to replace money and gold.I understand that its too early to make such statement in 2013. In this case lets add one more statement: There is nothing that can hold BTC from being traded for $1,000,000. It all comes to how much its being used. It is being used now and in 2013 in general much more that how it has been used in 2012. There is no doubt that in the coming couple of years the number of Bitcoin users and services will be multiplied by at least 100 times. So it is ready very possible that BTC will reach 10,000 in 2014.

I still remember the days BTC was being traded for $2 then 7$ then 15$ then 35$ then 90$, .....

If you look just one year back: in November 2012 a lot of Bitcoiners cashed out @ 22$ to 50$ thinking that it wouldn't get any higher than such value in 2013. Guess what? Its November 2013 now and the price has advanced 20x. Oh yea $10,000 per 1 BTC in 2014 might happen in just the first half of the year.

Are you still thinking about cashing out?

By the way BTC @ $2000 today is almost the same as BTC @ $2 two years ago. I don't think that BTC will ever be traded lower than $2000 in 2014.

Only that it looks like people thingk that LTC @ $2 is the same as BTC @ $2 two years ago.

+1

My friends were telling me to sell at $70.

Remember guys, if bitcoin goes mainstream and your investment makes you rich ... these are the same people who will tell you how "lucky" you are.

If that happens you won't care about what they say for you.

I told them I already cashed out of USD, EUR, etc. into BTC.

Then they mentioned some crap about diversifying which I countered with why would I want to pay about 40% in taxes just to diversify into something that can more easily be seized, is not limited in amount, has a lower return, etc.?

Of course, this is from someone who does not understand the tech. I think Bitcoin has outgrown any of its natural predators and is pretty much unstoppable from a tech standpoint now. Consequently, a lot of the risk and uncertainty is gone. This will allow Bitcoin to become its destiny.

And if just 1% of Chinese move a mere $20 into Bitcoin then the price will go to at least $10,000. And what is everyone starting to talk about over the holidays, etc.? Bitcoin is going viral. Just strap in and hold on for the longest time (https://www.youtube.com/watch?v=NG1qooBzE2w).

Plus, why take advice from them? They were wrong. And their advice could be bias; they may want to acquire cheap bitcoins.

They all tell me I should sell..

They just dont know much about it..  I keep replying that I still buy as I can, and they should too..

That's the same story all over since BTC were @ 10$..

No one bought, and they keep saying I should sell.. They just dont know much about BTC.

..

Yes I get these sell now advices from people who dont really understand what Bitcoin is, but 600% increase since I bought makes them experts when I should sell

They think it's a scam because of the way it's sold/described to them. To be honest, it usually does sound like a ponzi/pyramid scheme and does sound too good to be true, and if something sounds too good to be true, then it probably is. I ask them if they think trading fiat money or buying shares is a scam, and just tell them I've made nearly 10 times my money and to do a bit of research and keep an eye on the markets.


Cash out to cash. Fiat. I mean, I doubt a Ferrari garage is gonna accept BTC, but they'll happily take cold, hard cash.

The ones telling to cash out don't understand bitcoin.

This is not a stock to get in and out and be done with it.

Sure it can go to $10, but if bitcoin keeps spreading like it is doing now and is a common form of payment in 5-10 years then you have to buy bitcoin again anyway, at some point!

-->>> So only sell all of your coins if you know for sure that you will never buy any again. Or if you are sure you will be able to buy much lower.

This is happening to me as we speak... i was trying really hard to persuade them to risk some pocket money to buy btc back in 2011-12. Got tired trying and just stopped talking about it. Now they tell me that i am lucky bustard.

Doh, it's hard to understand people : )

I can say now people are actually listening and trying to understand bitcoin now, rather than just dismissing it as a pyramid or ponzi sceme.
ive hooked up with friends and family, with small amounts to get their interest.

 i guess its all about delivery.

My father who cant even operate a phone properly called me last night, "Hey you got them bitcoin thingys right?", "Yes I have a few".

It was on his local news. Its cool to see people starting to listening now.

Only the friends who have no bitcoins tell me to cash out... jealous bastards haha

Smart,I also refuse to tell friends and it has proven invaluable.

I have told family though and was trying to get them in 2 years ago but that went absolutely nowhere but they are actually happy it all worked out and wonder more about it now.

If you don't know what bitcoin is, it's not weird for people to advise you to convert the internet magic money to "real" money  :P

https://i.imgur.com/SeipenY.png
I've taken so many red pills in front of their faces.
"Sell!"
*price doubles*
"Sell!"
*price doubles*
"Sell!"

I had several wealthy friends tell me to cash out at 200 in April.   It was painful to watch the bubble slowly subside to $100 but I held.   

I have learned that if you truly believe in something just stick with it.   Don't let the naysayers or doom and gloom types stop you.

I really hate such 'friends', frankly I think it's assholish and I disconnect from them.

A friend should support you, help you, not work against you and then when you do succeed, dismiss it with 'lucky'. It angers me.

After many years of suffering I think I understand people finally, there are just a lot of assholes and bitches, especially among 'family', replace them with nice people and your life greatly improves!  8)

+1

Life is too short for assholes and bitches.

the first rule of trading: never follow the advice of anyone

My friends either hold (keyword!) btc, or dont and ask me, "how do you feel? are you nervous?" the weird part for me is that every day I feel less nervous, even during these nervewracking quick little selloff blips.

In 2011 I explained to my dad why I have a super noisy computer running in my garage, and why bitcoin is a superior form of transaction. He didnt even remember the name of the tech. Last week he asked me "do you know about this bitcoin thing?" because he heard about it on cnbc. I told him yeah, that "computer" in the garage is making me more money than my job is. Then he's all  :o

Even Arnold is talking about Bitcoin. Pretty sure he is saying HOLD!!!!!!!  So don't listen to your friends If they were worth listening to, they would own bitcoins too!!!!

http://www.youtube.com/watch?v=eq-8NXeOxIk

Isn't it weird that noone has any friends that are into bitcoins.   ::)

All of my close friends are into it.  In fact, two of them have more than me now and one of those recently cashed out a small percent and quit his job.  That small cash out gave him enough fiat for the next two years.

I have only ever been ever to convince 3 people to buy in, one at 100$ 2 at 680$.... They are very happy right now!  The rest are still saying nah! I'm like dude its going to a million, they say "really u think". I say Yes, with total confidence. Not sure if they think im lying or something.

Im enduring a thanksgiving trollathon right now.  Im about to leave...

Hehe, guess I'm lucky that my gf actually is impressed when I tell her about it. Both because she gets the math behind it and can relate to the geeky thrill of it all, and because, in her words, she wants that private swimming pool ASAP :P

My dad's retired and in Europe (I'm in the US at the moment), and he spends quite a bit of time investing. He'd remembered I told him about bitcoin a while ago, and called me on Thanksgiving to recommend I sell half my bitcoins because it's now over $1000, so why not cash in half the profit so I can't lose?

It's hard to explain to someone, the lottery notion of bitcoin, the all-or-nothing of it. Also hard to explain why people, especially younger people, fall in love with the genius and balance of the technology. Either it's going $10k+ or it's at zero, and I'm ok with it going either way (of course, I have a *preferred* way it would go).

My friends had a "game": they poked me when I was talking about bitcoin again  :P
they were annoyed and I just stopped talking about it. Now they are all asking me to buy some for them   ;D

It is a crazy world  :)

I get it all the time from the wife, family and neighbors.

The only ones who keep telling me not to sell are my 3 kids who have 10 BTC each.

my friend was telling me to get out at 500

I'm quite frustrated by this right now.

Girlfriend doesn't want to hear about bitcoins.
Parents tell me I am a dreamer and it's just virtual money unlike the 50k Euro they put in a deposit bank account as a gift to me two months ago but forbid me to use it for buying coins. What a waste.

Friends don't want to hear about bitcoins either and rather love giving me free unwanted advice to sell it all.
I cannot celebrate with any-fucking-body except a few old timers from the bitcoin meetup. That is sad.

I should use some to buy me a fucking GT-R and decorate it all around with giant bumper stickers in the shape of middle fingers.

Every day since it hit $100.00.  :D

Instead of being resentful, I would take this as a window into the minds of 99% of the people walking this Earth, and then I would apply that to my Bitcoin position. That's just one man's opinion.

Listen to yourself, then listen to others advice, and then listen to YOURSELF.
People with vision and courage change things, but if you become the average opinion, nothing will change.

telling a friend to get rid of all their bitcoin is like telling a friend to get rid of their savings.  what person would get rid of their savings for depreciating fiat?

Yup, all the time I mention Bitcoin they're like "cash out, that's a lot of money". By not cashing out the first time they told me I've "made" 5000 dollars.

That sucks :(

Agree. The GT-R is not the prettiest one of the supercars lot.  ;)
But it's best value ;D

Funny my farther in law is concerned for me and wants me to sell, the last time he suggested I sell was just after the crash around $100,
I guess if he hung out here he may see the pending correction as volatility on the way up.

The best answer you can give is based on a little action, sell a little, take some profit, next time they give you advice or ask, just tell them you sold out at XXXX and regret it because it is YXXX.

But don't let on you are still 97-99% in and you just sold 1-3%

Maybe he's working for a bank, you gotta understand the stress they have to bear with, right now.

hahah... My Mom called me abroad when it hit 400 and beged me to sell half of my stash.. I told her that she was saying the same at 100 levels, so no bother anymore :)

In the end do what you have to do, not what you are expected to. Also sell only if you "need" fiat - works great for me :)

Yeah that's exactly how I am.  When i see the price go up, I want to call someone and get all excited.  Share my excitement.  But I have nobody to do that with.  So I have to come on this forum like a loser, by myself, and write posts about it LOL!   Not calling you losers.  Calling me a loser.  :-P  BUt yeah its frustrating having nobody to share this crazy crazy world event with.

Newbie here.
Congratulations to you all holding on. If the feeling that it's all about dumping your coins on a rise takes over the masses then it's just bubble, crash, bubble, crash and it would be difficult to take bitcoins seriously.
Are you going to spend some on something with a bitcoin pricetag though?

I constantly snapchat my friends that hold a little bitcoin with the new prices... The reactions are really funny sometimes.

 I told em if I for go a couple doubling cycles to about 10k I can cash out my full investment in one minor sell, then allowing me to sell 5% of at the next doubling and there after. But then they are like what if it hits zero...followed by my retort of, I invested in this for a long term gain which will change my life if it comes through, if not I'll learn a lesson about valuations etc also..if your watching it grow develop, ebb and flow you start to see the markets direction as well as the people who are outside of it wishing they had made the decision ( my friends..atlest ) to buy. They missed out on my recommendation from 140-500, told em after 600 its a bit iffy due to the rate at which we got there.. following the 900-400 crash I told em that was the last time you'll probably see those price levels.. again.. comments like I'll buy when it crashes..followed with my response of get verified so you have cash sitting to buy when it does :D two weeks later no moves by friends and hello 1000 ( which i pegged to be a june 2014 likely hood). The most bitter one is the guy who wanted ltc.. when it ranged from 2-10 :D he's probably sad he didn't liquidate his mutual funds that barely beats inflation lol.

I believe everyone has his price when to sell substantive part of his Bitcoins, and selling to get your investment back makes your remaining coins to be in very strong hands

For now my preferences as a consumer are already influenced by acceptance of bitcoin by merchants, e.g. there is a takeaway order service which takes bitcoins for payment while another competing service (which has a larger selection of restaurants in my area) does not, and yet I prefer the former over the latter one.
The revolution in my spending habits will come when I'll be able to pay for rent and grocery with coins. Whichever supermarket chain adopts them first becomes my favourite. By then I will convert my whole salary in coins and just only keep a few grand € for all things I still cannot buy with coins.

I feel you man.

I have friends that are into Bitcoin, who only have like 2 bitcoins. I don't want to share my excitement because I have much more than them. I don't even want to tell anyone how many I have because they may treat me differently.

rich people problems  ::) lol

You're either a despicable person, or you don't have a single clue about the result of 21,000,000 / (bitcoin_users_count) in a couple years.
Either way, you just don't have a clue about bitcoin.

suck a dick.

Even though I dont have to explain myself, some of my friends have been in bitcoin since 11 and 12, and they picked up like 20 dollars worth of coins at the time and forgot all about it. they never bought more. and I did. Plus 2 bitcoins only became expensive like a month ago..

And knowing you registered in april of this year after the first bubble, you have no right to say I don't have a clue about bitcoin.

even though my post may have came off as cocky, that wasn't my intention.

Kouye, you are either an asshole or a dick, which is it?

Bitcoin is not about getting rich.
It's about creating the first breach in the current dying FIAT system.
An alternative way to perceive wealth (notice... wealth, not IOU), combined with an almost-instant possibility of sharing, voting, crowdfunding, etc. at your own will, discretion.
I'm just sick looking at that "1000$" celebration, while being glad it'll probably help adoption.

I just don't like you for being happy because you feel richer than your friends. Bear with that, no big deal. :)

Did your friends invest in Bitcoin?

If they did not, it seems the best financial advice is to do the opposite of what they say!  :D

Ya my mom has been telling me since I told her about bitcoin at about 100. Obviously she doesn't get it along with almost everybody.  I will admit I have had small inklings to cash out a 5th of my holdings which would give me 3600% roi on my initial investment.....

If they didnt buy after i told them, i have 4 word! You can't fix stupid!

I told my family. Either Bitcoin makes me a millionaire or it doesn't make me much. That said, I took out my initial investment last year, and plan to take out my tax free allowance this year, and next year. If Bitcoins gets to £1000, that will be nearly 11 coins down this year, but it will pay for a good holiday and a chunk of our mortgage. I sold less than 0.1BTC today at a price of £700 per BTC to help build my reputation on an  exchange and a relative who had begged me to cash in previously told me I was stupid as the price will surely get above £1000 soon. I just tune out other people's advice on Bitcoins. I am bullish but slightly cautious. I expect Bitcoins to reach £10,000 and £10 within the next decade, both are actually possible next year hence I shall take out my £10900 tax allowance this year and loose 10-20 coins.

wise words

I like to see what I have left when bitcoin is zero, and make sure it is sufficient.

my uncle told me to cash out when BTC was $130, and now he's telling me to cash out.. but this is a "scam." he doesn't know anything about BTC and yet he's so certain that it's a scam.. because "anything that goes up that much is just a scheme to take your money."  ;D

A quick solution is to stop telling stupid people about your investments in Bitcoin :). Actually what you do with your own money is nobody else's business.

There was panic when it reached 30 and 260 again and then at each 100 until 500, after that only silence. :D

You are lucky. I haven't been able to convince anyone so far to buy and when we go out i m making them bored because i talk a lot for bitcoin and they just don't care enough :P

i got one guy to buy a mining rig. but no one to actually buy BTC. but then again, i can't really say it was me who got him into bitcoins.. it was the explosively bullish bitcoin singularity that did it.

Guys sorry for the patronizing tone but bitcoin is not a get-rich-quick scheme. You should have bought litecoins one month ago (and sold two days ago) if that was your intention.

This is about a revolutionary experiment that you are getting front seats for.
It is a big bet on your wealth indeed - but the point is not "cashing out", at least not in fiat. It is about getting rid of fiat in our daily lives.
I hoard coins because the price of real stuff measured in bitcoins is going down. And it makes sense to me to hoard something that acquires purchasing power over time.

As an exercise try to measure the fluctuation in price of things you want - in millibits or in microbits not in fiat. Might be a car. A house. A laptop. A journey. A loaf of bread.
Then decide which currency you want to hold today.

How quick? 2 bubbles in a year I consider it quick enough

It's a revolutionary experiment where you think that you have front seats but you don't.
You just hoard and wait from others to make things happen.
If you want front seat you should invest some money in services around the ecosystem and in order to do that you must convert some of your coins to fiat.

You think that bitcoin is not a get-rich-quick scheme, but you are hoarding and speculating on a price increasement to acquire more stuff with it?
Isnt' that the decription of a get-rich-quick scheme -> do nothing and want MOAAAAR?

Hoarding is what will cause the price to fall

the currency needs to move around constantly... This will cause the price to rise

One scheme is also get-rich-slow.

Dude dunno how you manage your savings but one day you'll be useless for work. If by then you haven't saved something for retirement then at best you will be a poor parasite living in a socialist country that will tax honest workers in order to provide you with basic income. If that's not OK with you then spend what you need and hoard the rest - see that stash will come handy one day. Unless you die young. But you cannot know. Unless you know when you are going to die. In which case don't hoard it and spend it all. But if you hoard then you want to own valuable assets, unless you are stupid. On whether bitcoin is going to be valuable it's up to you to decide.

I had this repeatedly from my girlfriend. Sold 40BTC to recover £4500, was left with about 30BTC, this was only about a month or so ago... WORST MISTAKE EVER!

No I must not. Converting back to fiat and waiting for the fiat to reach my bank is such a cumbersome and slow process that I don't want to do that unless I really have to. Instead I favour merchants that accept coins over the ones that only accept fiat. As of now they can handle the conversion themselves through their favourite payment processors. But I guess that some of those merchants already want to keep their balances in btc.

it can't be helped.. people are hungry for more and more money with investing little effort  :o

You don't need fiat to develop an internet service everything you could need can be had for BTC.  Servers, programmers, designers, even the surety bond for becoming a money transmitter can be held in BTC in most states (although you will need more BTC than the equivalent fiat because of the volatility).

I just got one four letter word from my dad:

SELL

While it is true that you can find all those things by paying in BTC you certainly narrow down your options that way.
For every service that accepts BTC i can name 100 that are better and sadly accept only fiat. (Except wordpress which is both top notch and accepts bitcoins)
Also there are many things, that are critical for a business to success, that you can't just buy with bitcoins, like google services or social media ads etc.
Hopefully things are going to change but not for a while ...

Did you give him any four letter words back?

All the bearishness just means there is still more money on the sidelines.  Good sign.

Certainly did:

NOPE

You don't need 100 providers and "better" is subjective.  Accepting what I have to pay with is a big plus.  The only way the dinosaurs will adapt is when they start to lose business to the providers who do accept real money.  There is no way I would sell btc to develop a bitcoin related service unless the government forced my hand with taxes or licenses.

But buying right before big correction would be worst mistake ever as well.

The fact is trend is upward, but no one knows the price in next month, so every can make worst mistake ever. Though buying is always bit safer bet in long term upward trend

I bought my first BTC at $240 before the sharp correction that came at $266.

Was it in the red for a while? Yep.

I'm having a really hard time right now calling it "the worst mistake ever" when even that 2.23 BTC is now up 480%+

And you held through the summer? My respect to you, I know it must've not been easy.

Give he knows when to sell did he know to tell you when to buy?

Sure did! I converted some LTC -> BTC from mining but really only bought more with dollar cost averaging.

I wouldn't have been able to without listening to other people's stories of regret for selling (lots on here) - so I had some help!  The principles of Bitcoin are just so sound, it's hard not to see that it was (and is) worth much more.  As infrastructure continues to grow and it's accessible to the mainstream (especially hedge funds) I think we'll see another few big jumps in recognized value.

They have been saying "cash out" since we hit parity with the dollar. I will not be cashing out ever. I will buy with bitcoin instead.

That's the right way of thinking because most of the die hard bitcoiners just hoard and don't spend or investing on anything whatsoever. And that's the worst thing that can happen to bitcoin.
Everyone that hopes for bitcoin to happen and sits on top of a large stack must invest in services around bitcoin.

I think of it as having and eating my cake. Almost everything I buy with bitcoin I get at a discount simply because the coins are worth more when I spend. I don't want dollars, I want better money, I want bitcoin. 

My brother sold his 6 coins at $375. Needless to say, he seemed a little disappointed over Thanksgiving dinner.

My dad took me aside and told me to CASH OUT MAN. CASH OUT NOW! GET OUT!

Nope.

I don't need my friends to make a decision, so I won't.

Probably the best thing in my opinion to do is to sell some small parts of BTC sometimes. As I'm effective trading BTC to other coins and back with some profit, my amount of BTC keeps growing. I think I will in about 2 weeks start this procedure; sell a part of my profit and stack a part of my profit.

If it may crash someday, atleast I earned something from it :)

solution = don't tell anyone you bought bitcoins  :)

I mean if you bought really low, and you haven't sold ANYTHING, then I think you're being irrational.  Sell just a little, even if you think it's going to $10,000

That makes sense also. If you cash out, or save via spending the amount you put in, you can't lose.

As long as it is less than $10k/btc or I have more than 100btc, I will keep buying more.

This is the best response ever! I'm remembering that one :)

+1

This is the best comeback. You didn't tell me when to buy so don't tell me when to sell. :)

too many tax implications at the moment, and i think it will continue to rise.. hold, hold! people who have no idea what bitcoin is, but just know that i've made a decent amount of money off it tell me to sell as well.. but if they tell you their opinion on something they dont understand is certain, i don't put much value in what they think.

If you still buying, like bit every month, you may sell or spend only if you buy more next month. This way you may accumulate few Bitcoins even with very small investments you can save from not important things you can live without