Increasing number of early adopters cashing out.

[kwukduck]

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

[klee]

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

Seems they switch to LTC because they know Core has no chance from the CIA+Google boys!

[randy8777]

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

[klee]

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again 

[lumeire]

It's a bad time to cash out though. They should hold till the next bull wave.

[klee]

It's a bad time to cash out though. They should hold till the next bull wave.

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

[8up]

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again 

As far as they diversified into block chain tech in general, this might not gonna happen. Anyways - I am more tempted to see Mircea Popescu holding the bag.

[klee]

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again 

As far as they diversified into block chain tech in general, this might not gonna happen. Anyways - I am more tempted to see Mircea Popescu holding the bag.

Lol

[btvGainer]

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

I think they are afraid that prices can go further down or may be they got bored of holding them

[LMGTFY]

It's a bad time to cash out though. They should hold till the next bull wave.

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011.

[klee]

It's a bad time to cash out though. They should hold till the next bull wave.

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011.

In case of XT win they will be bagholders, period.

Despite not loosing money and making good profit at even 1$.

It is mostly psychological.

I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO.

[klee]

China is pumping desperately Bitcor(e)n to keep their farms alive lol

[LMGTFY]

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011.

In case of XT win they will be bagholders, period.

Despite not loosing money and making good profit at even 1$.

It is mostly psychological.

I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO.

Well, OK then, I'm a bagholder and they're bagholders. I can't see anyone from that period "jumping from windows" if the price went all the way to zero. We didn't spend significant sums of money on BTC back then, and in my case (and, I imagine, in many other cases) we've long since made more money that we had any right to expect in the early days. If BTC hits zero I'll be sorry that an experiement failed, but I won't be suicidal!

[klee]

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011.

In case of XT win they will be bagholders, period.

Despite not loosing money and making good profit at even 1$.

It is mostly psychological.

I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO.

Well, OK then, I'm a bagholder and they're bagholders. I can't see anyone from that period "jumping from windows" if the price went all the way to zero. We didn't spend significant sums of money on BTC back then, and in my case (and, I imagine, in many other cases) we've long since made more money that we had any right to expect in the early days. If BTC hits zero I'll be sorry that an experiement failed, but I won't be suicidal!

No not for them for sure - but it would be fun to watch them panic selling!
Don't get me wrong, I am here since 2011, bought most of my coins at 5$.

But I don't like Bitcoin's fundamentals since Apr 2013 when after the crash I wondered what was wrong and started to realise many things (like anonymity etc).

Still I don't mind at all to see it rallying at 100K usd because I will ride the train!

[spiderbrain]

Bitcoin days destroyed seems pretty low, where's this tidal wave of early adopter selling..?

[klee]

Bitcoin days destroyed seems pretty low, where's this tidal wave of early adopter selling..?

Saint Gavin will not let them to! Blitzkrieg

[Febo]

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

Maybe they see an opportunity to invest ins some crypto business.  If price of Bitcoin will go up, worth of their business will also go up. If price of Bitcoin will stay where it is now, their crypto investment will bring them profit.

[g-unit]

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

If it is happening, they either aren't cashing out much or there is a hell of a lot of buying going on, otherwise the price would be tanking.

[electronicfactura]

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

I think the early adopters are cashing out to re-enter at some later point at lower prices.Same time who will enter now in bitcoin will do same when price will be more higher.As everyone is expecting price to drop lower may be this can be one of the reason too.

[alani123]

What would you define as an early adopter? Pre-2013 trading volumes were not as significant as those of today in terms of USD value. Some people were to acquire respectful quantities of BTC at prices that would make their purchase profitable even with today's price. I'm not surprised those people have cashed out. They're probably the kind of people that got in for the profit and still won big.