Bitcoin Forum

This might be real.

Or this might be a speculative bubble.

I can't tell :(

I have 3 BTC that i bought below 55.

If I sell now, and the price comes crashing down, I could end up with 5, maybe even 6 BTC!

But will it?

Odds are that, yes, the price is going to come crashing down.

In after proudhon.

Op just be glad you don't have a few hundred bitcoin and must make that decision  ;D

If you need fiat then sell. If not then keep. I suspect your life would not crash if you kept 3BTC in your wallet?

proudhon says sell, so that means i should wait, right?

this is true. I could sustain a buck fifty loss.

id just have to kick my own ass a little bit.

odds are that no, the price is not going to come crashing down.

well, we could also drastically reduce the number of humans available so we have more bitcoins per person. the historic average durign the middle ages would be 42 bitcoins per human.

This is a good point. I put my BTC in a cold wallet that's never seen the internet so that it would be harder to sell. That's because I think it's going to become mainstream.

I should stay disciplined, not sell, and just buy more if the price dips.

DISCIPLINE!

I will.

Are you the same vladimir who sells btc on silk road?

This is absolutely correct.

I cashed out a small portion of my coin last night. That said, if I only had 3, I would probably hold on and enjoy the ride. As many have stated, bitcoin is a currency, but it is also a movement, one I plan on being a part of during good times and bad.

ok good, cause i think that guys a cop. lol

My suggestion is that sell a portion of your coins if you are torn about the situation. Don't sell everything but holding everything is not necessarily the best plan either.

It is going up day after day after day. This may be a speculative bubble, but is is not by any one investor. It is going to be a massive expansion. The speculation however, may not keep up with adoption and may just instead turn into actual growth. It all depends on the feedback loop (http://www.runtogold.com/images/bitcoin-feedback-loop.jpg).

I think when we're talking about 3 BTC, holding may be the best plan as well.

Also, has OP looked into actually SPENDING btc? Might be worth their while...

If you are really risk-aversive, sell half of you BTCs, and put the fiats you get on loan.

If you want to sell, then suggest to buy some coffee, chocolate or a bitcoin magazine subscription. converting back to fiat will only kill the fun for you.

No. It means sell a kidney for BTC.

I sold 20 BTC at $79 thinking it would fluctuate a bit more before hitting $80. I came into work the next day and it was at $88.

I bought back in. I have 2 less Bitcoin than I used to.

How many Bitcoin do you want to lose?

I am fortunate that I only sold 20. I took most of my BTC off of the exchange when it was at $60.

i was tempted to sell just enough to make back my initial investment. but not yet.

i decided to see this thing through. if bitcoin goes to zero im only out 150 bucks.

if it drops, im just going to buy more.

thanks for all the input in this thread guys! sometimes a guy just needs talked out of selling.

I sold 1/2 my Bitcoin stash about 5 monts ago - covered my mining setup and a months salary. I though I did well. It went up and up, and I sold all the way up and I now only have 1/3 left. taking a little profit on average below $15 cost me over a years salary.


if you are going to gamble hold on to at least 1, just keep an eye on the market and you will see opportunities pop up all the time. I'm giving it a year window before I buy back in. If we hit $300 before August I will reconsider.

I would sell 2, keep 1. Lock in some profits and let the rest ride.

What I recommend is what I'm doing myself which is holding onto the bitcoins.. for now.  In fact if I could persuade my wife to let me, I'd probably buy more.

This is only my opinion of course but I think the price will keep going up and up, but then yes at some point, probably not that far away, there will be a crash.  Its a bit like playing chicken with an oncoming vehicle.

The price is on a parabolic scale just now, getting steeper and steeper, it could double or quadruple in less than a month! Or it could crash. Do you jump off now and miss out on some of the biggest upward moves, or hold on and risk ending up holding bitcoins which have crashed in value to less money than you paid.

At the moment I'm holding on like I said, to try and get some of the biggest moves. If I mistime it and they crash, I'm not worried, I'll hoard what I have and probably add to my stack while they are cheap. In time they will rise again.

With all the interest in BTC lately the only place to go is up, up, up and away! Check out this thread with the data to prove it! :https://bitcointalk.org/index.php?topic=160828.0

personally, I just sold my computer to buy more btc, and will be watching the market from now on via my phone.

If You Do That, Make Sure To Get Your Wallet.Dat Off First. :)

In my humble opinion, the fiat you get for 3 bitcoins is really not that much of a game changer in the average persons life. However, the potential value is so much greater.

If you would have had 300 or even 3000 bitcoins, it would be another thing because that extra fiat might change your situation right now in a noticable way.

Just hold. Buy and hold.

with the number of people learning about bitcoin and jumping aboard everyday it can only keep going up. the btc economy is strong. the concept and fundamentals are solid.  there's no stopping this new currency.

What about a Stop-Loss just under the recent correction to 75$?
I issued a Poll, on whether people think its a bubble (see Signature below).

Regards, NF414

You catch on quick.

In your situation I would just hold.  $300 isn't going to change your life.  If it goes to zero, no big deal.  If it goes to the moon, congrats.  You have very little skin in the game so you may as well hang on unless you really need the cash to get by.

And even if you get in that situation, think twice! I regret that I choose to cash out my bitcoins at $12 because I was broke at the time.

I am going to always try to keep some of my money in bitcoin, but I'm going to cash out a large amount of my holdings if the price goes much higher to buy a fridge and an arsenal/fime group ak47.

Weird combo, I know, but they're two expensive (to me) things that I am needing in the near future.

To the OP, hold! I have so far only just managed to break even trying to time the market. This last crash I managed to lose .6 btc.