Adrian-x
Legendary
 Offline
Activity: 1372
Merit: 1000
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December 05, 2013, 09:17:05 PM |
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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.
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Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Kazimir
Legendary
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Activity: 1176
Merit: 1001
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December 05, 2013, 10:05:04 PM |
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I already cashed out of fiat. Got rid of all my USD and EUR just in time!  |
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pokerFace2
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December 06, 2013, 12:01:44 AM |
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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
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superresistant
Legendary
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Activity: 2128
Merit: 1120
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December 06, 2013, 10:40:10 AM |
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I'm cashing out my FIAT every month to get Bitcoin : a true currency.
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redwoods
Newbie
Offline
Activity: 52
Merit: 0
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December 06, 2013, 01:37:10 PM |
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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
Legendary
Offline
Activity: 3066
Merit: 1145
The revolution will be monetized!
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December 06, 2013, 02:37:17 PM |
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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?"
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 06, 2013, 03:08:37 PM |
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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.
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< 100 BTC is not worth mentioning. Poor souls will always remain poor. Don't miss the failtrain.
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yogi
Legendary
Offline
Activity: 947
Merit: 1042
Hamster ate my bitcoin
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December 06, 2013, 03:12:46 PM |
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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. |
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Mirsad
Full Member
Offline
Activity: 140
Merit: 100
Bitcoin - love & hate
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December 06, 2013, 03:19:32 PM |
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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  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.
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Odalv
Legendary
Offline
Activity: 1400
Merit: 1000
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December 06, 2013, 03:35:38 PM |
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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 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. |
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gh0st
Newbie
Offline
Activity: 21
Merit: 0
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December 06, 2013, 10:23:31 PM |
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Cashed out 1/6 of the wallet when China news was announced... USD987 / BTC Oh, i regret this now... i panicked.  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 ^_^ |
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