Thinking about Selling

[mmortal03]

no, it won't, The Bitcoin bubble bursted, after 20%-40% off discount auction, all coins will be dumpped, we are now going back to $4xx and $3xx, say GOODBYE to $600

No, say hello to $600!

[600watt]

I hate to be negative in my first post - I know how people generally view that too.
So I'll start with saying I fully believe holding long-term is a fine strategy.
I'm not with the school of thought that believes 1 BTC will be worth 10K within the next year...
but I do think it will set new highs in that time frame.

Crystal ball aside, I sold over 30% of my stash this week.  If you look at the numerous past trends as a guide:
significant "bad news" results in a rapid, major decline in price; significant "ambiguous news" usually results in a decline;
"good news"? typically a slow incline as long as it's outweighing the rest.

The best case scenario is that every batch goes at a premium, correct?  
If you sell, sure, the price could potentially jump to 630 before you get them back.
But before that's even determined we have the "ambiguous period".  I think there's opportunity with that alone...enough people are worried.
If the coins sell at a major loss and/or we see a huge dump(s) you'll probably be kicking yourself.
I won't kick myself as hard for selling some and having to buy back in for ~50 bucks more.
But I'm no Miss Cleo.  Do what you think makes sense, that's always the best way to go.

ok, let us know when you buy back.

did you buy back yet ?

[SilenceDogreat]

I did not sir.  Of course, I could have certainly made it back in before the "jump to 630"...
however, my investment in Bitcoin is still much larger than MPT would recommend anyway.

It seems my prediction about a more significant dip was incorrect though, and I will happily admit it.
Consequences of trying to minimize risk.  But hey, now we're on the same side  

[600watt]

I did not sir.  Of course, I could have certainly made it back in before the "jump to 630"...
however, my investment in Bitcoin is still much larger than MPT would recommend anyway.

It seems my prediction about a more significant dip was incorrect though, and I will happily admit it.
Consequences of trying to minimize risk.  But hey, now we're on the same side  

thanks for the straightforeward answer. i did not ask to just rub it in. i asked because i know how you felt and i understood your reasoning, eventhough i came to a different conclusion.

i thought you would buy back anyway, and since i know how difficult it can be to figure out exactly when to do this, i wanted to know how you handle it. if you don´t buy back you don´t need to care.

the perma bears and some trolls can sometimes amplifiy existing fear...

i suggest the following thread the next time fear coems back:
https://bitcointalk.org/index.php?topic=375643.0

 

[tinof]

Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

[Mayuyu48]

HODL your coins
it seems bitcoin prices will climb up to another next level
maybe we can see $700 in few days
but if you can't wait it, sell some part of your coin to gain some profits

[ThatDGuy]

Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

The bandwagon was already rolling.  Newegg is just following suit.

Looking forward to big A or big E now!

[Mayuyu48]

Halt selling !

Now that Newegg has joined. The rest of the internet retailer may join the bandwagon.

The bandwagon was already rolling.  Newegg is just following suit.

Looking forward to big A or big E now!

Hope they will accept bitcoin soon
A is amazon and E is Ebay right
if NewEgg accepted bitcoin increased bitcoin price like this, what will happen if big A and big E accept bitcoin

[wobber]

This price increase due to NewEgg is an illusion. Coins made from selling stuff will be sold immediately. So more sell pressure.

I doubt grandma and grandpa will buy BTC only to use at NewEgg, Amazon and Ebay.

[maker88]

This price increase due to NewEgg is an illusion. Coins made from selling stuff will be sold immediately. So more sell pressure.

I doubt grandma and grandpa will buy BTC only to use at NewEgg, Amazon and Ebay.

thats because grandma and grandpa go to best buy moron. they don't use computers. they're old people.

[Gargulan]

Support price is rather weak at 600 level.

[favelle75]

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Soo.......did this happen?

[piramida]

after the 20-30% off discount auction of 30k bitcoin, the buyer will surely dump all btc at once, then we shall see $500 and $48x

better sell now or you will lose $$$

Soo.......did this happen?

yes like everything else that fallling said, it happened. was not visible here in real world, but inside his head, this and much more is happening every hour

[tooil]

Price seems to be heading down to 500 level.

400 has a strong support base. Short of good news, I think we are heading that way.

[ThatDGuy]

Price seems to be heading down to 500 level.

400 has a strong support base. Short of good news, I think we are heading that way.

This forum deserves a better quality troll.