gentlemand (OP)
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 04, 2015, 01:26:29 AM |
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I was toying with emptying a crappy paying savings account and buying a handful coins a few months ago with the intention of offloading them after a short term rise without touching my original amount.
Now it's here, and this rise would've done me fine but of course I failed to get around to it, I'm wondering what everyone else's strategies are.
Do people have set price levels that they'll divest some or all either up or down from here, hold all of them until the concept of selling them becomes ludicrous or somewhere in the middle?
I see quite a few posts where people are waiting to offload the lot for what seem like very low amounts considering the future potential. Have your plans changed the more time you've spent learning about it? Have they become shorter or longer term?
As for myself, if it really does rise like a total bastard I'm not sure I'd be able to bring myself to sell at set limits. The initial outlay has already been written off in my mind but I know it's the sensible option just in case.
I'm interested to hear everyone's thoughts.
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lemipawa
Legendary
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Activity: 1708
Merit: 1006
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November 04, 2015, 01:42:00 AM |
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I'm planning to sell some items in my house that I don't use anymore and proceeds will be converted to BTC and I think like 30% of my pay this payday will be converted to BTC, looks like this climb will not stop till end of this year and I want to take advantage of this.
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Mats8500
Newbie
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Activity: 54
Merit: 0
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November 04, 2015, 01:52:40 AM |
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For now, hold. I see this one as a new bubble starting. It could still stop before it gets crazy but if it does, I'll sell maybe 10% of my stack around the 1000-1200$ mark and than see how I feel the rest.
Next bubble could climb around 4-5k. Stabilize down to 1000$ after. I'm guessing this looking at how the first bubbles happened
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Amph
Legendary
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Activity: 3248
Merit: 1070
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November 04, 2015, 08:09:13 AM |
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my target was always 10k at first so this mini pump&dump ain't touch me, but then i said to myself, why i can't simply wait until i can use bitcoin directly for everything?
and so it begins the greatest holding of our time, now i'm holding until the time is right to use them for what i really need
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Goodman Sachs
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Activity: 5
Merit: 0
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November 04, 2015, 08:37:50 AM |
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I mine, hold and use some bitcoins. When the price is higher than $5k, I will increase my spending, spend most of the mined coins and hold the rest.
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omahapoker
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November 04, 2015, 08:41:18 AM |
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I will continue to hodl, as I am a belieber. Greed is sometimes in my head but I try to vision the long term goal. Every month I plan to buy a few coins.
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NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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November 04, 2015, 12:11:23 PM |
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I technically have to hold until 11th December or I would be taxed on any capital gains, so I guess I will see out the short term price changes. After that I will be making decisions based on how much Gold I get per bitcoin, or if things really go crazy, if I can get property.
Hopefully new ways to spend bitcoin follow the price rise, otherwise it isn't too easy to profit from the increase without selling for fiat, which I would rather not do.
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supermeatboy385
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November 04, 2015, 01:17:28 PM |
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I am keeping my btc the price is going sky high, i can feel it
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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November 04, 2015, 02:44:49 PM |
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I can't even remember what my average buy-in is and how much fiat I have invested in Bitcoin in total. I don't even know if I'm in the positive right now.
Frankly I don't even care, I'm holding until Bitcoin is at the level I feel it should be. And I'm prepared to go down with the ship if it doesn't happen.
I'm more worried about our fiat system collapsing any time soon than I am worried about Bitcoin crashing.
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ridery99
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November 04, 2015, 02:52:39 PM |
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buying litecoin
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DoctorBugsBunny
Member
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Activity: 74
Merit: 10
As you sow, so shall you reap.
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November 04, 2015, 02:59:31 PM |
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hold until its $200,000 a coin
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Mineable ERC 20 tokens are the future.
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Snail2
Legendary
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Activity: 1512
Merit: 1000
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November 04, 2015, 04:17:39 PM |
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Hold until the top of the bubble, then sell all, and buy back as much as I can during the correction... then rinse repeat .
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RodeoX
Legendary
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Activity: 3066
Merit: 1147
The revolution will be monetized!
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November 04, 2015, 04:20:22 PM |
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Some part of me wants to take up Sir Richard on his offer to visit space. It would be a crazy expensive and short vacation, but absurdly cool!
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gentlemand (OP)
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 04, 2015, 04:21:40 PM |
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Some part of me wants to take up Sir Richard on his offer to visit space. It would be a crazy expensive and short vacation, but absurdly cool!
Quite a few Bitcoiners took the plunge during the last peak. I think we'll be able to buy a space station with one Satoshi before Virgin Galactic is rolling.
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BitChick
Legendary
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Activity: 1148
Merit: 1001
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November 04, 2015, 04:27:53 PM |
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I have had to raise my hand and solemnly swear that I will not interfere with BitChicks Husband's plan of following the SSS plan this time. He is reminding me almost daily now about how many more coins we would have if only we would have sold, should have sold and so on. So I have to just shut up and do it "his way." Granted, we were noobs in 2013 and purchased right before the November bubble. Not much time to learn some of the harder lessons that come along. Now that we have experienced the long and painful extended season of no movement, we can play that game wiser. I am all for selling some at intervals but I just want to set our rake higher than he does. Oh well. But the plans are to pay for our daughter's college education when the price bubbles first and foremost (with the cost of college lately we need quite a bit for that). There are charities we will be donating 10% to when we cash out as well. It will be great to do that. Beyond that we will have to see. Maybe some better vacations will be an option in the future?
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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HiddenTalent
Newbie
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Activity: 2
Merit: 0
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November 05, 2015, 02:40:22 AM |
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Holding until it hits high four digit numbers or the promised land of the five digit 10k range. At that point I'll probably just sell off all my coins and invest it into more conservative instruments. I'll use a chunk of it to travel and then probably put the rest of it away for retirement.
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OROBTC
Legendary
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Activity: 2926
Merit: 1863
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November 05, 2015, 05:55:24 AM |
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...
I have actually changed my mind on this subject (HODL vs. spend BTC). My original plans were to just not sell them at all (any or hardly any), and wait for the price to go WAY UP, then cash some in for gold.
I have thought that over since this latest spike. I will now likely to buy gold as BTC prices go up, say, 30% quickly or reach $550 or so whichever comes first. But, I will always hang on to enough BTC that should the price go to $5000 or more then it will meaningfully change my life.
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gentlemand (OP)
Legendary
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Activity: 2590
Merit: 3014
Welt Am Draht
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November 05, 2015, 10:27:05 AM |
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I have thought that over since this latest spike. I will now likely to buy gold as BTC prices go up, say, 30% quickly or reach $550 or so whichever comes first. But, I will always hang on to enough BTC that should the price go to $5000 or more then it will meaningfully change my life.
A sensible plan. What changed your way of thinking?
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randy8777
Legendary
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Activity: 896
Merit: 1000
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November 05, 2015, 10:42:50 AM |
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i just hold my coins for a long time without touching them the comming years. i also bought coins to benefit from the block halving rally that would come. but the rally started much earlier than i expected.
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safari88
Legendary
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Activity: 1960
Merit: 1026
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November 05, 2015, 11:25:50 AM |
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hold bitcoin until the end of the year or the beginning of the year, just want to know whether bitcoin will reach $700-1000. no matter currently down or up
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