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Question: When will you start to sell half of your coins?
I do it daily
at $30
at $100
at $1000
at $10,000
Below 200day SMA
Not in latest 10 years

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Author Topic: When are you going to cash out?  (Read 10757 times)
Adrian-x
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December 05, 2013, 09:17:05 PM
 #121

Re: When are you going to cash out?
Is like - When are you going to spend all your savings?

In Bitcoin you are your own bank.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Kazimir
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December 05, 2013, 10:05:04 PM
 #122

I already cashed out of fiat. Got rid of all my USD and EUR just in time! Smiley

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
pokerFace2
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December 06, 2013, 12:01:44 AM
 #123

I will sell over half of my coins when I buy something expensive, like car with my BTC. So far only spend for some cheap electronic and rebought BTC later at dips
superresistant
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December 06, 2013, 10:40:10 AM
 #124

I'm cashing out my FIAT every month to get Bitcoin : a true currency.

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
redwoods
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December 06, 2013, 01:37:10 PM
 #125

I dont want to 'cash out', i'd rather fiat currency crashed and burned and Bitcoin became the new 'norm'

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RodeoX
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December 06, 2013, 02:37:17 PM
 #126

There should be a "never" option. That is the option I have chosen.
To me the question is like saying "When will you Germans cash out your Euros for US dollars?"

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
Mirsad
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December 06, 2013, 03:08:37 PM
 #127

Cash out now: Why?

After the china news: there will be blood!
At least 50% drop (over time) and there won't be new money from china to keep the bitcoin price at these levels.

If the price goes down slowly (and it will), you have enought time to buy back after settling for a few weeks.
If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

So what do you choose? Small chance of losing 5-10% profit and a big chance to double your bitcoin wallets or:

Great risk to lose and small chance to gain? But it's up to you. I wouldn't advise to sell all, but 50-80% is a good amount. Better safe then sorry.

< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
yogi
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December 06, 2013, 03:12:46 PM
 #128

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

Mirsad
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December 06, 2013, 03:19:32 PM
 #129

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

If bitcoin value grows  Wink
It's just plain and simple risk management.

Of course you can tell everybody bitcoin will reach 1 Million USD per Coin and selling is allways stupid -> but to sustain such levels we need much more users and money! We got rid of all chinese buyers! That's really bad!

< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
Odalv
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December 06, 2013, 03:35:38 PM
 #130

If the price goes up, you can buy back without a loss -> loss in BTC count yes, but no loss in fiat. You just missed 5-10% profit!

The value of fiat diminishes and bitcoins value grows. So in the long run a bitcoin loss is more substantial that a fiat loss.

If bitcoin value grows  Wink
It's just plain and simple risk management.

Of course you can tell everybody bitcoin will reach 1 Million USD per Coin and selling is allways stupid -> but to sustain such levels we need much more users and money! We got rid of all chinese buyers! That's really bad!

Selling all your coins is really stupid risk management.
gh0st
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December 06, 2013, 10:23:31 PM
 #131

Cashed out 1/6 of the wallet when China news was announced... USD987 / BTC
Oh, i regret this now... i panicked. Sad

I´m incredible happy i did this.... because if i didn´t i would have panicked (weak nerves) and sold everything in this crash... USD987 isn´t that bad... i consider my investment in BTC "free" now ^_^

Pre-order: KnC Neptune 3TH ┗(°0°)┛
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