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Title: recoup my initial investment -- or let it ride ? Post by: surferjon2 on November 18, 2013, 09:50:06 PM Hi guys. Have been lurking the forums for a while but just registered here. This is my 1st post.
Bought in at $95... traded some btc for a few casascius coins, gave one away as a present to a friend and kept the rest. Bought in again at $120 after the April crash and have less than 10btc now. In total have dropped a little over 1k into bitcoin. I figure I could sell ~1.5 (or less) of my btc on localbitcoins to recover my initial investment and keep the rest as magic internet money. When/if the current price goes down I would definitely re-invest, especially if it falls to the $200 range again. However I can't help to think I would regret selling now if the price continues to climb. If I waited until we hit 1k, I would be able to sell off just 1btc to recover my investment. (and keep the extra 0.75btc that would have been sold if I balanced out today) I also want to sell some of my physical coins for btc. People in IRC keep telling me to put those coins up on here. But I can't right now because I'm still in newbie jail. ;) Not interested in ebay for the physical coins because I want to keep all the transactions in btc. I'm in this for the long term, and would never consider cashing everything out. All that said, what would YOU do if you were in my position? Thanks for reading. Title: Re: recoup my initial investment -- or let it ride ? Post by: CryptoJunky on November 18, 2013, 09:54:03 PM Hi guys. Have been lurking the forums for a while but just registered here. This is my 1st post. Bought in at $95... traded some btc for a few casascius coins, gave one away as a present to a friend and kept the rest. Bought in again at $120 after the April crash and have less than 10btc now. In total have dropped a little over 1k into bitcoin. I figure I could sell ~1.5 (or less) of my btc on localbitcoins to recover my initial investment and keep the rest as magic internet money. When/if the current price goes down I would definitely re-invest, especially if it falls to the $200 range again. However I can't help to think I would regret selling now if the price continues to climb. If I waited until we hit 1k, I would be able to sell off just 1btc to recover my investment. (and keep the extra 0.75btc that would have been sold if I balanced out today) I also want to sell some of my physical coins for btc. People in IRC keep telling me to put those coins up on here. But I can't right now because I'm still in newbie jail. ;) Not interested in ebay for the physical coins because I want to keep all the transactions in btc. I'm in this for the long term, and would never consider cashing everything out. All that said, what would YOU do if you were in my position? Thanks for reading. If you need the money cash out your initial investment. Otherwise let it ride! Title: Re: recoup my initial investment -- or let it ride ? Post by: zeraTunerse on November 18, 2013, 09:54:56 PM I would sell 1.75 BTC knowing I cant loose.
But considering you would rebuy back about 5 BTC at $200, I would just hold Title: Re: recoup my initial investment -- or let it ride ? Post by: coinbitty on November 23, 2013, 07:44:00 AM Ride the roller coaster, study the charts. I don't think it will go down to $200 again. It will hover $500-600ish in the next drop.
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