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Andre#
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September 03, 2017, 05:32:53 PM |
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Have red today, that china is only speculating with Bitcoin. I think the regime earns money with it. And when they want they drop the Bitcoin price to 100 Dollar. So i sold my Bitcoins near 5k!!
Why everyday are green candle and have not any red candle  ? You also know we are trading on bubble growth of cryptocurrency market and bloodbath like today very normally. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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AncientMystery
Member
 Offline
Activity: 166
Merit: 10
“The Future of Security Tokens”
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September 03, 2017, 05:35:36 PM |
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The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
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Philopolymath
Sr. Member
Offline
Activity: 558
Merit: 295
Walter Russell's Cosmogony is RIGHT!
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September 05, 2017, 12:10:35 AM |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
AGREED 100% |
Support Alien Beer Circle research...www.youtube.com/watch?v=MRXDk2RMQ4A
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Sled
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September 05, 2017, 02:56:33 AM |
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The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
I don't think that this thread is accurate because never selling bitcoins will just a waste of time because you cannot enjoy your profits and benefits if you don't sell your bitcoin. It is better for a person to just not sell his bitcoins for 10 years rather than seeing this thread that says never sell our bitcoin. |
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Finestream
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September 05, 2017, 04:58:36 AM |
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The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!).
I don't think that this thread is accurate because never selling bitcoins will just a waste of time because you cannot enjoy your profits and benefits if you don't sell your bitcoin. It is better for a person to just not sell his bitcoins for 10 years rather than seeing this thread that says never sell our bitcoin. He will die with his bitcoins because we can only enjoy our bitcoins when we sell it for a profit, never selling is just wasting the opportunity to make money. It's true that we can get more income if we hold longer but we should understand that selling requires proper timing and we need to have our specific target on selling. |
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Dudeperfect
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September 05, 2017, 05:57:56 AM |
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The more years will pass, the more accurate this thread will be. Bitcoin will be much more expensive soon. Current adoption is very low (like internet in 199X), it will explode soon (Ether helps a lot though!). Agree, at current level Bitcoin is very much underrated and in the coming years, we will experience exponential growth in the user base as well as in the price of Bitcoin. I don't have studied much about Ether so I can not comment on that but I am optimistic about the financial transformation through crypto currencies and I am sure we will have a sustainable crypto industry within next 10 to 15 years. I absolutely agree with your example of the internet in 199X. |
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futile-resistance
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September 05, 2017, 08:02:52 AM |
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I think this way too, cause price is alwways slowly increasing , so better to make your money work on you, and use this money only in bat situations.
I think you mean bad situation. this is indeed. your savings, no matter they are in bitcoin or any other currency will surely help you in your bad situation and time. and saving in bitcoin have another benefit it is the additional profit if bitcoins price increase in future, which is highly possible. Yeah saving money in a bitcoin is the best thing to do as it will allow you to grow your savings in future as everyone is expecting to see higher price of bitcoin in coming years. It is right. I think it is good time to buy some more bitcoin and hold for the next few decades as the price will rise. I am also looking forward to grab more bitcoins by the profit I had with bitcoins few days ago. The rate at which bitcoins are increasing in value, soon they are going to be the most expensive investment of the world. Treating bitcoins as long term holdings is the best method of dealing with bitcoins. |
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Mbah Djoko
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September 05, 2017, 08:44:05 AM |
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Because I'm sure bitcoin prices will continue to skyrocket, despite the negative news about the ICO ban in China, but this will never diminish the interest of bitcoin users.
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IAMYOURLEADER
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September 05, 2017, 09:04:31 AM |
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It's your choice and you have the right to do that because that is your bitcoin. But for an average person like me that doesn't have a good amount of money, I would sell any amount of bitcoin that I have if I'm already satisfied with its value.
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Mpamaegbu
Legendary
Offline
Activity: 2674
Merit: 1208
Once a man, twice a child!
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September 05, 2017, 09:06:55 AM |
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Have red today, that china is only speculating with Bitcoin. I think the regime earns money with it. And when they want they drop the Bitcoin price to 100 Dollar. So i sold my Bitcoins near 5k!!
Lol...That is the beauty of life: the lack of hindsight. And then when we know today after tomorrow has set in we tend to regret our past action. Yesterday was a real bloodbath in the crypto bathroom. A lot of money was made and a lot of loss was recorded. Anyway, I hope you later bought back back on the dip. That way you would've made another round of profit too. |
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lordquanta
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September 05, 2017, 09:34:23 AM |
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Because I'm sure bitcoin prices will continue to skyrocket, despite the negative news about the ICO ban in China, but this will never diminish the interest of bitcoin users.
Just remember there is a growth limit to everything. And that includes bitcoin. Indeed bitcoin has always been great recovery after dip and achieve next ATH. We should no bitcoin is not regulated by any specific body thus there is quite good chance of pump and dump from big sharks. China is no more significant factor is bitcoin pricing. China affecting/manipulating Bitcoin price has long gone now. There are new markets coming strong with more acceptance like Japan. If one never going to sell bitcoin ever then that bitcoin as good as nothing. Very purpose of investment is to reap better returns on seed money. |
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VPoro
Full Member
Offline
Activity: 201
Merit: 100
Decentralized Ascending Auctions on Blockchain
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September 05, 2017, 01:02:55 PM |
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If I read this topic 2 years ago. I will be milionaire now
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Xester
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September 05, 2017, 01:09:11 PM |
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It's your choice and you have the right to do that because that is your bitcoin. But for an average person like me that doesn't have a good amount of money, I would sell any amount of bitcoin that I have if I'm already satisfied with its value.
Yes of course we are in control of what to do with our bitcoins. As for me, I am earning an extra income through bitcoin and uses that for my expenses that cannot be covered by my salary. Since bitcoin now has gone up high, I still sell my bitcoins but I make it a point that I save some of it. I save for my future so I did not convert part of my earnings. |
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minizi99
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September 05, 2017, 01:26:22 PM |
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Bitcoin for a long time keeps a huge profit and sell it because of the panic stupid. If you have enough money for a normal life, then bitcoin should try to keep as long as possible.
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jaysabi
Legendary
Offline
Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
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September 06, 2017, 02:48:54 PM |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
Since we are virtually halfway to what everyone would have considered at the time of this post to be a ridiculous notion (that bitcoin would anytime soon be at $10,000 when it was trading below $300), we should have enough of an idea at this point to lay waste to the assertions made in the original post that the only reason Bitcoin would be reaching $10,000 is because the fiat currencies of the world are tumbling due to hyperinflation and everyone is turning to bitcoin to flee the ravishes of the evil central bankers, dear god save us all. With bitcoin now trading above $4500 in a not completely volatile way, it is not the failure of world currencies that has pushed bitcoin to this price, but pure speculation. The OP also misses the irony of saying that at $10,000, they will never sell for fiat but would rather go on a shopping spree at various merchants, which is the same as converting to fiat anyway. The point isn't whether or not you cash out to fiat specifically, but cash out period to lock in your gains. If you do that with fiat or consumer goods, that's a distinction without a difference; it's the same effect. If you're sitting on a pile of gain in a speculative asset, there's no reason here (and certainly no reason provided by OP) not to take risk of the table and convert to a more stable currency, which all the major fiats of the world are compared to btc, eve though it trades at $4500. |
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layoutph
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September 06, 2017, 03:15:24 PM |
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Hi OP, do not say or promote that never sell your Bitcoin "ever". Bitcoin will not grow if you will not use it. There should be a buy and sell movement. Or else it will crash.
I also have Bitcoin, but I sell it regularly to buy important things like payments to my electricity bills. I also sell it to buy altcoins that will pump to grew my Bitcoin investment.
Thats it!
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stunvn
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September 06, 2017, 03:20:15 PM |
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I sold all my bitcoin at $4822. Bought some fucking alts dip but it go lower. I have to cut loss  |
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Tigerheart3026
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September 06, 2017, 06:06:28 PM |
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Because Holding bitcoin now wasvery profitable, most of teh old member in the forum they said hold your bitcoin 1 month or 2 months from now bitcoin will become 7000$, so better stick unto it and be patience in waiting.
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PJ_L
Newbie
Offline
Activity: 5
Merit: 0
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September 06, 2017, 06:31:40 PM |
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But if everyone just holds their BTC and no exchange is used, then it becomes rather useless, does it not? Like the infamous Dutch tulip bubble? Well not exactly like that.. but still. I fail to understand where does the value of the bitcoin come from? Its valuable only because it is scarce? How does that make any sense ?
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iluvpie60
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September 06, 2017, 08:26:19 PM |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I only cash out small parts of the tiny amount I earn per week  I try to keep as much as I am able to. Wish I could have bought more in in the past as Iknew about bitoin very early on. BTC will be worth a lot more later in a decade or 2 decades. If you are spending all of your coins now, you are going to be upset in 10 years or 20 years. |
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