Lets say you have 1BTC = $17000

But the fees get so high that to send 1BTC it cost 2BTC. That means you would only be able to send .33BTC after fees. If fees keep growing this will cut directly into profits.

I think the majority of the profits have already been made on bitcoin. The only way to realize the profits is to cash out before bitcoin drops in price. At $17,000 USD I believe that is a great exit price. You can always re-enter at a lower price in the future. With fees getting higher and wait times getting longer to sell, I learn toward selling bitcoin before it gets too bad

The fees are making people look at bitcoin as less of a currency and more of a storage of value. But think about it. Bitcoins are actually destroying value (aka electricity, resources, energy, and human labor). Bitcoin price is directly related to how much value is destroyed. That is called mining.

I think the fees have gotten to be so much that most people will just continue to hold on to their small amount of BTC. Because selling it will cost too much

I think the best reason to sell is to collect the profits before the bubble crashes

Bitcoin is only backed by a program that creates artificial scarcity and said that because of this, the digital currency is not sustainable.

Once everyone starts to panic and sell off. The price will come crashing down

Most people are going to get stuck holding their BTC if it does crash because the fees will be more than their BTC is worth if they have a small amount

https://www.youtube.com/watch?v=rotzgnrnfnY

If you want to learn more about the Ponzi Scheme, theres plenty of resources

Right. But lets say, hypothetically, the price of BTC starts to crash. And so many people are cashing out that the fees to cash out .001 BTC - .01 BTC are more than the BTC is worth. Couldn't that become a problem with liquidity and cause addresses with small investments to lose it all? Keep in mind I am speaking in hypothetical terms of there being some type of crash or major sell off.

The point of the thread is to provide reasons to sell Bitcoin

Its cool that everyone wants to analyze my own personal top 10 reason LOL. But this thread is being used to provide your own reasons 

Here is a great article on Bitcoin:

http://www.zocalopublicsquare.org/2017/10/20/bitcoin-energy-wasting-ponzi-scheme/ideas/essay/

(Source: Energy Wasting Ponzi Scheme, 2017)

http://www.startribune.com/asian-investors-embrace-bitcoin-but-regulators-are-wary/463333993/

Asian Investors Embrace Bitcoin But Regulators Are Wary 

Bitcoin fees are skyrocketing!!!

https://arstechnica.com/tech-policy/2017/12/bitcoin-fees-are-skyrocketing/

The fees are going to continue to rise


Is it possible that the fee to send .001-.01 BTC will become higher than the actual BTC is worth?  




*** confirmed update: 12/12/2017 the cost to send .001BTC is now more than it is actually worth!!!!

HODL is like the concept of "just believing" when it comes to religion.

When theres 1000s of religions and 1000s of cryptos created out of thin air, does it make sense to just believe in one?

LOL the irony is too much. You are the one with the signature campaign, good luck.

That is your choice to not be informed. Anything on the internet can be hacked


Here is an article from days ago about a bitcoin mining platform getting hacked:

Just search for News on NiceHash Hack:
bitcoin-stolen-in-hack-on-nicehash-cryptocurrency-mining-marketplace.html

Hackers got away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash

Futures won't necessarily impact the direction of bitcoin (in regards to the price going up or down). But it will greatly impact the volatility. Bitcoin is already one of the most volatile assets in the world. Which allows for massive profits AND massive losses to be made at the same time. The swings are going to get more intense because it will become easier to bet both sides without actually holding any coins. The peaks and the dips are about to get more intense.

With fees increasing so much it will be very hard to sell and buy bitcoin on whim. So people will lean toward holding. The problem is that futures will start to have a greater impact since the fees will be smaller and people will be able to bet on the direction of bitcoin without actually buying or selling it.


Good luck to any day traders trying to chase the ups and downs! Good luck to the HODLers! Good luck to you all ☘

Just realize with volatility comes risk. There is a tradeoff of substantial risk (depending on your actual investment) for a potential of incredible returns

"Grist claims that by July 2019 the bitcoin network will require more electricity than the entire U.S. and by February 2020 it will use as much electricity as the entire world"

http://wisdomsave.com/2017/12/08/bitcoins-energy-cost-is-huge-and-growing.html

WOW 

Its going to be insanely expensive just in the next few years!

Nearly 17m out of the 21m total bitcoins have already been mined.

The coins are going to get incredibly difficult and expensive to mine. How much will it cost to mine the last 1m, 100k, 10k, 1k, 100, 1 bitcoins?

Its crazy to think how expensive it might get and how many resources might get destroyed in attempt to mine them

"People get excited from big price movements, and Wall Street accommodates... Stay away from bitcoin. It's a mirage, basically. The idea that it has some huge intrinsic value is just a joke, in my view -- you can't value bitcoin because it's not a value-producing asset."
--Warren Buffett

https://realmoney.thestreet.com/articles/12/11/2017/sorry-ruin-surprise-bitcoin-will-collapse-2018
(Source: The Street, Bitcoin Will Collapse in 2018, Article Date: December 11th 2017)

How much are the average fee prices now? Does anyone have a graph of fee prices over time or a good source to keep track of fees?