Bitcoin Forum
November 16, 2024, 02:45:48 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: recoup my initial investment -- or let it ride ?  (Read 646 times)
surferjon2 (OP)
Newbie
*
Offline Offline

Activity: 1
Merit: 0


View Profile
November 18, 2013, 09:50:06 PM
 #1

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. Wink 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.

CryptoJunky
Sr. Member
****
Offline Offline

Activity: 252
Merit: 250



View Profile WWW
November 18, 2013, 09:54:03 PM
 #2

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. Wink 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!

zeraTunerse
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500



View Profile
November 18, 2013, 09:54:56 PM
 #3

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
coinbitty
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
November 23, 2013, 07:44:00 AM
 #4

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!