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Author Topic: Bitcoin price nosediving -- sell all my bitcoins?  (Read 2515 times)
FinancialAdvisor
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June 11, 2011, 09:21:49 AM
 #21

Mark my words: Only a fool would sell all his Bitcoins.

Whatever you do, keep at least a small amount of BTC as a wager for Bitcoin becoming the new gold a decade from now.

If you are in it for the long run, don't sell anything at all right now.  

This is a marathon, not a sprint.

-- Your FinancialAdvisor

Warning: This message contains individualized investment advice. Heed it! Or you will kick yourself later.  Past performance is a great indication of future results (with Bitcoin at least).
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ChupacabraHunter
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June 11, 2011, 09:27:16 AM
 #22

Considering I still can't figure out liberty reserve Huh,  I'm kinda glad its nosediving because by the time I do figure it out I might be able to buy low again!

Same here. 

Please direct anyone who has used and figured out LR to this thread:
https://forum.bitcoin.org/index.php?topic=14969.msg200526#msg200526
piuk
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June 11, 2011, 09:31:35 AM
 #23

No need to sell, just hold this bag while I go do something quick.

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June 11, 2011, 09:37:54 AM
 #24

this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off
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June 11, 2011, 09:39:26 AM
 #25

this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off

so i can buy again when at 10, makes sense? feedback please
DamienBlack
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June 11, 2011, 09:42:15 AM
 #26

I would not sell at the moment, it could be a low, and it certainly isn't a high. Sell high, buy low. If you feel the price is low and are worried about it, it is time to buy, not sell.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
Nesetalis
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June 11, 2011, 09:44:15 AM
 #27

NO ONE knows what bitcoin is going to do.. period.
the reason for this is that there are far too many hidden factors.. from dark pools, to news articles that havnt been written yet... or new sites that attract new customers..

however, the nature of bit coin is that it will deflate, this means if you buy low, eventually it will climb up again. So I'm quite happy the price is dropping, that means i get to be even richer with the coins i'm buying now Tongue

ZOMG Moo!
Grant
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June 11, 2011, 09:51:00 AM
 #28

this guy tweeted 2h ago:

@BitcoinAnalyst
S3052
Bitcoin Technical Update: BTC/USD indeed fell towards 20$ as projected last night. If 18.2-20$ falls we may see an avalanche down to 10$

i am jumping off

so i can buy again when at 10, makes sense? feedback please

A highly unlikely (but not completely impossible) scenario.
Instead of selling now, you could buy some puts, here: https://bitoption.org/?closedate=2011-06-30
In particular, the one that's available at $1.6 with strike price $15
If this avalanche down to $10 holds and BTC trades at around $10, on 30th june the options you paid $1.6 for will be worth $5 each. Or you can create your own option at say $20 and see if someone is willing to sell to you.

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