WARNING: Don't get REKT just HODL

[Silberman]

A friendly warning to those with itchy fingers thinking that they can play the short game with BTC. You can't. This is the cryptosphere so all normal rules are off the table. Shorters get REKT. Hodlers get PROPHITS.

This is the right advice if you don’t know what you are doing, but if you are a professional trader then earning money by shorting is a great way to make even more money since you not only make money when bitcoin goes up in value you also make money when the price goes down, so I think this is a good advice for the non traders in this forum, or for those that are still new to trading.

[rajasumi3]

Holding bitcoins would be the best choice in ur life after 10 years .Well you may think that the price of bitcoins may be high but the transactions may slow down ,but it will steadily be improved as the price hike stopped now.Well bitcoin have a higher future in 10 years.

[batang_bitcoin]

Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.

[Mometaskers]

The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.

I play this game like that and it has always paid out good profits in the long run. ^smile^

You think keeping 80% is good? I mean, what if you took out 20% and it took a really long time for the plunge to happen? Do you just keep that 20% solely for buying bitcoin on the cheap later?

I've only been in this for less than 5 months and I'm quite conservative with the few bits (not even a whole btc) that I have.

Ok, let's just say I dumped a certain amount of btc in an exchange and never add any more to it. Would I still benefit from taking out 20% of it periodically while the price is still going up?

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

I guess that would be a win for those who have money left to snag the cheap coins.

For example my classmates want to buy $1000 bitcoin in all orders from me buh they wait for bitcoin crash. I hope it will happen since I was happy from Mt.Gox market crash in 2014 because of cheap BTC.

Lucky you, I wish I had that opportunity. Oh, the things would probably be doing now I got that.

The sell price in my currency is freaking 150k now (buy is 176k). That's why I'm quite nervous. Guess I'm going to follow Kakmakr's example. I mean, if it don't crash I'd still have that money ready anyway.

Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.

I guess it's the choice of having your bitcoin intact through a crash, or selling out at peak. I still see no reason for weak hands to sell now, they can just monitor it and then only sell when it starts to go down. I did that before and instead of plunging steeply it turns out the price decrease was only a hiccup.

[lumeire]

There's nothing wrong to cashing out when you've profited and is satisfied with your money. You've gotta enjoy life too

[2double0]

I am already enjoying with my fiat at the moment with the fruitful results that I have got as a complimentary bonus for getting out at 2650 and buying back at 2360. I am a fan of bitcoins and holding few coins which I currently have in my cold storage, won't sell them unless it goes 5x the current prices.

[digaran]

I just made a new rule for myself really want to see what happens if 95% of the whole community follows the same rule.
My rule is to deposit whatever I have as spendable though and not from cold storage into an exchange or two and put order for a round price of $3000 and just waiting to see what happens, but sadly if only I do this and follow this rule it wont have any significant impact whatsoever but if the majority follows this rule as well which is a self serving working in your own favor then I want to see the reaction of the market to this.
Any body thinks that we as a community could possibly work in such an harmony to elevate the value to a whole new level?
Honestly what would they do if they see across the entire market all orders are at $3000?
I guess we lack the means to make this a reality worldwide.