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Hopefully you sold them off yesterday or earlier today. Prices have dumped a bit after being "stable" for a few days. Dropped $374 last 24 hours. I just started buying in the last week and I bought when it was at 4K. Not a lot just a couple but still. I see it as an opportunity to buy more. I'll hold what I have and try to buy a little more during the dip if I can.
OP you mentioned making the mistake of holding in 2011 and 2013 .... If you had held them until today seems like those were really good decisions not bad ones.
I got in at 4K early in the week  Back in 2011 when you ran your computer (with a half decent GPU) for a couple of days and got a 50 BTC hit and you can sell it for $30... your laughing. When it goes to $20 per BTC, it was already considered 'to da moon', it's hard to hold on and not take profit over the years... that's another reason i like btc because it's been diluted over the years as many people get in/out. With regard to the BCH debate in other posts... I'm not a BCH enthusiast (it would be more of a punt), rather I've changed my long held optimistic opinions on BTC legacy. |
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Dumping 70% but keeping 30% of my bitcoins would be a much more sensible strategy.
Yup, thats about the split i did... couldn't bring myself to get rid of them all, still want to have a foot in the game What makes you think that BCH will fare better than BTC during the SegWit2x fork? Even without replay protection people could try to get their hands on both sides of the BTC/ SegWit2x fork. With BCH they will have neither. In addition we will then see 3 forks competing for the same hashpower, with BCH possibly having the weakest support from miners, merchants and the community. I mean there's very likely going to be a BCH pump in anticipation of the SegWit2x fork. I just wouldn't be so sure about what comes after that. Just my 2 Satoshis. Nothing wrong with taking profits. Good luck out there! BCH is more of a long shot but I feel it's not a bad bet, wouldn't put too much in. SegWit2x will probably be a much better bet but I'll wait and see what happens.... BTC legacy doesn't feel like it's going anywhere in the long term There is nothing wrong in dumping but the issues you raised as much as I agree with them, the last paragraph shows you are jumping the boat when its stormy but ready to jump back in when the price hit rock bottom in other to make another massive profit. There is really nothing bad in being a profit motive individual but I am sure you will also dump you new bride BCH the moment the boat is being rocked as well.
I do believe Crypto currency has a very big future for many of the same reasons Roger Ver has outlined both as a form of currency and more financial freedom/less government control. But unlike Roger Ver I'm not willing to dedicate my time or put my money on the line to support that goal, if i see profit i'll take it... hats off to Roger though, he's a bit of a legend. |
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will you be running a full node that is 200 GB or 2000 GB?
Your making a technical argument which i completely agree with and it may be a technical limitation we have to live with... but as a user when i transferred some coins recently with priority fees it took hours which never used to happen with BTC and didn't happen with BCH recently. I know there are other issues ie replay protection, etc. But when using the coins today, i'd prefer to use a different one right now. as for BCH, that is an altcoin investment and like any other it is good as long as you don't buy into the bubble and buy before to dump in the bubble before the dump-phase.
Agree... i won't be buying too big if i do. if you have really come to that conclusion yourself and not just based on emotionally then it is a good decision even if it is wrong.
thanks for the feedback, guess we'll see if it's wrong or not... either way i'm not complaining with my profits  |
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I have a feeling that you'll get a lot of people disagreeing with your choice. I thought so too but most comments seem to agree with my decision so far Bitcoin will always show promise to someone, no matter how much it drops or rises. I don't disagree with that. The scarcity of it and the fact it's the original and been around for so long will guarantee it will always be in demand... but if it stays on its current path then i think other crypto coins will start to eat into its market share. No matter how well BTC does, gotta put your own personal status above all else. Nicely put and Completely Agree |
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Don't really have a plan to buy back in yet but will think it over. The November fork prediction depends on what you believe will happen but I personally wouldn't bet against it eg https://www.bloomberg.com/news/articles/2017-09-20/-bitcoin-jesus-ver-sees-the-digital-currency-splitting-againThe China banning no longer seems to be just a threat but we'll let it play out, I think it will move the price (if it hasn't already) but not by that much. No doubt wanting some money makes it an easier decision for me. I made the mistake of HODLing in 2011, then 2013... feels very similar to me. |
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Thanks for the reply.
Yes I've HODLed in the past when it felt like a bounce and it was always carnage... expecting it to hit soon and relieved I've sold off a good amount.
The thing I've really been holding out for is a BTC ETF which I think will bring a lot of money into BTC from newbie investors who have money to invest but only know and trust the traditional approach. But that looks less likely in the short term and with all the derivative options out there it's hard to know what effect it will have on the underlying price of BTC.
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Well I've ridden many waves with BTC (yes check my bitcointalk account joining date) but have recently sold down (not completely out). Here's my reasoning. 1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) . 2. The uncertainty in November with another fork. I'm guessing it won't go smoothly but difficult to know what will happen. 3. The china issues... there's enough threads on it but difficult to tell which way it will go in the long run. 4. I wanted some money, always comes in handy 5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so. If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November. good/bad decision? Goodluck, The Fajman |
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Institutional players will continue to stay away from crypto. Why? Because it's too speculative, it's too complicated, it's mostly used for shady, unsavory characters on the internet, it's just not worth their time and energy.
I tell the institutional entities to stay away. Far away.
Dude you just described what institutional players thought of the internet about 20 years ago. They will come whether we like it or not. |
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6 days to go. HODL & stay strong gentlemen, the effect of the halving won't fully come into play until a few months time.
Agree. Its been a while but from memory it took about that long after the last halving. |
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1. I’m wondering which exchange will make history and be the first to switch to mBTC?
2. What exactly does making the switch mean?
a. Is it just changing the price on their main page
b. Adding extra procedure to their API’s (Note – I haven’t used these so I’m guessing at how they work)
c. Changing their current API’s… although that sounds risky.
How hard could it be? and why not since it will remove a psychological barrier (especially for the BTC newbs)
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Awesome work Charles (and Superresistant), i would happily join another group buy you put together.
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question for investors, let's assume we will order our October unit. do we wish to order one backup board? http://www.bitfurystrikesback.com/product/bitfury-55nm-asic-h-board/it's damn cheap and it would be nice backup if one of 16 boards in main unit would fail. obviously that additional 350 eur would be splited among all investors according to owned share. I guess it depends on whether the rig will run ok with one board taken out. If so - then it wouldn't make much sense to buy a replacement in advance. They'll probably be cheaper later. Agree |
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I'm in for 12 shares in October
6btc sent
b5ec97b3c465ee0051b3c850f8b70035f4923a001256545bb0655cce6f061979
Cheers,
Fajman
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I have just paid for 2 shares (3.5 btc). Tran id below
c92845b6f31feae9ed9ca6f1cf0e346db7314c3f814efba672714cab2c3ce1b0
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To confirm - the sale of the last 3 went to plastyc who got in with a pm for the full amount before the offer from bearpig
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now 3 left (got another one via pm)
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I am selling 5 of my direct ASICMINER shares @ 4.6 BTC each (fixed price). No minimum purchase quantity. First come, first served. Escrow accepted, you pay the fees, John K preferred. Auction lasts till they are all sold or I decide to cancel it (honouring purchases until then of course). Note - if you agree to purchase and pay within timeframe I will not withdraw from the deal (even if the price takes off). Payment is required within 12 hours from purchase. If the purchased shares are paid for before the next dividend payment but for some reason the share transfer has not been completed, I will forward the received dividend to the new owner. I dont really want to bother friedcat with confirmation for so little shares (and I want to sell today), pay for escrow if u want to reduce risk. Proof of ownershipI purchased them on this thread https://bitcointalk.org/index.php?topic=211945.120My receive address for this sale is 18i3wEHjmANT2yKGAkGNmsqbpHG9d9gBUv and you can see the dividends going into the same address - tran id ad83489affab607b5c57a06d62d81faa0e8f381b1f91bafbb0b100ecb8a47052 message - I the fajman wish to sell 5 ASICMINER shares on the 5th July 2013 Signed - GwBBWVpNN686+p9diWbYi+Wj/aeycrBHzY87uWoqkGotUmCtKFXvgxWvCrqgVV+Qfc9LxhYr0S9Plh8MkifigZw= Note - I have already successfully sold 3 shares on this thread https://bitcointalk.org/index.php?topic=242381.msg2583573#msg2583573 |
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