When are you going to cash out?

[BitcoinRate.com]

I'm selling when I see a relatively large price drop hopefully just before the crash.

You and everyone else

I'm no expert here, but shouldn't one be buying on the large price drops and selling on the increases?

Sure, but in case one only has BTC on exchanges, one can better seel at the beginning of the drop and buy back at the bottom. Of course, if you can get USD/EUR to your exchange quick enough or are prepared you can hold and buy.

[notme]

I'm selling when I see a relatively large price drop hopefully just before the crash.

You and everyone else

I'm no expert here, but shouldn't one be buying on the large price drops and selling on the increases?

Sure, but in case one only has BTC on exchanges, one can better seel at the beginning of the drop and buy back at the bottom. Of course, if you can get USD/EUR to your exchange quick enough or are prepared you can hold and buy.

Just make sure your trigger price is valid or you will end up chasing the train.  I had 1000 btc when we passed $2 the first time and quite a bit less the second time.  Shorting in this market can be a bitch.

[flaab]

I already cashed out. I got out of USD and now have real money.

Mh...What would you do with 40k bitcoins? I would be definetely cash out some of them to gold/silver.
Anyway, Eric, should you hit the bid on your 40.000BTC today, you would drive the BTCUSD to 20 single handed.

[Anon136]

never but i may silver out some day.

[grondilu]

I do hoard because the amounts of bitcoins I own is not that big.  Were I to sell my bitcoins into euros, I would have no idea about what to do with this money.  I already have stock holdings and I'm not confindent enough about that to increase my positions there.

I can sell a few bitcoins from times to times to buy stuff.  But the most of it, the only reason I could imagine to sell it would be if the selling could allow me to afford buying real estate or something.

Otherwise, there is no way I stop hoarding bitcoins and start hoarding fiat instead.   I don't know what so hard to understand.

In a nutshell, can someone tell me why hoarding bitcoins is bad, while selling them so I can hoard euros would be good??

If hoarding is bad, it should not matter in which currency it is done.

[evolve]

Daytraded/swingtraded until the recovery from the mini crash...cashed out completely and staying in USD until the big one brings us down to reasonable prices.

[shkiser]

Nothing lasts forever. Thats is why I am continually trying to turn a profit on my btc.. selling out buying in.. every day..
Trying to squeeze the most profits possible.

I sell a real life product for btc, I inturn buy another product with those btc, sell it for cash, using that cash to buy more bitcoins, and reinvest those with my other bitcoins, to buy again, and sell for cash... Is this the most profitable way to go about this ?
one thing is for sure, my capital is gaining every month. Ive never had so much money and btc to play with..

[kwukduck]

I don't cash out, i use it to buy services and goods and rebuy my btc to replace the old ones...
How about we start using it as currency to change our current financial system and not use it as pump and dump and leave everybody hanging in the end.

[Rampion]

Daytraded/swingtraded until the recovery from the mini crash...cashed out completely and staying in USD until the big one brings us down to reasonable prices.

Ouch.

[piramida]

Daytraded/swingtraded until the recovery from the mini crash...cashed out completely and staying in USD until the big one brings us down to reasonable prices.

Ouch.

yeah he sucked

[neutralist]

Apparently "the second coming of Christ" was not an option. This is when I would cash out.

[wachtwoord]

Apparently "the second coming of Christ" was not an option. This is when I would cash out.

That's not in ten years.

[Sindelar1938]

Not below 10k

[gh0st]

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

[tonto]

Since I'm sitting at a little over 5btc (yeah I sold earlier to buy some guns and other crap), and when btc is approx $2000 ea I will buy a couple gold bars from amagimetals, and then will hold the rest until they're worth a little over $10k each so I can buy a sailboat I've had my eyes on for a while.    Well by then the sailboat might be $50k or $60k, so I'll have to adjust my buyout price so I can buy that.  I might try to hold off a little longer so I can afford a marina slip to store it so I don't have to trailer it all the time

[redwoods]

4 coins was all I could afford back in March, they cost me £330 in total, I'll probably sell 0.4btc or so to cover my initial outlay, and keep the rest, If we get to $5k I might sell one, $10k maybe another, which should leave about 1.5BTC to keep until we get to $1,000,000  

[superresistant]

I'll start at $100K.

[BitchicksHusband]

Apparently "the second coming of Christ" was not an option. This is when I would cash out.

I'll be too busy walking in the sky with Jesus to worry about bitcoins anymore.  Besides, who needs bitcoins when the streets are paved with gold?

[DGD4Life]

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

Hello, I am new! (been lurking for months though)

I panicked during the Silk Road closedown crash and tried to sell bitcoins i'd bought for ~£100 a piece for $110 a piece. I was chucking in the towel. The bitcoin dream was over for me. I was prepared to take a tiny profit and run.

Fortunately the guy on localbitcoins.com I chose to buy my coins sent me an e-mail saying he hadn't got the funds. During this time the price dropped under $100 so i decided to bite the bullet and hold.

I'm kind of glad I did now

[udet4food]

I will never cash out all Bitcoins if you mean this, I fear I would have rebuy much higher later