Bubble! I've just sold!!

[Frequency]

Why call it "cash out" when you get back to fiat ...doesn't make sense to me .. But he who am I..!!

The BTC is brandnew technology nothing in the past to compare not even to last years..
.all the good " mainstream" things only happend since the rise started ... before it was mostly scams and sh!t ...

We are only starting to get momentum..!!! Hold on and enjoy the ride..!!!  

[SaintFlow]

Why did I see this post comming?

Got news for you: you coins found the strong hands they needed
and without any malice: use your dollars wise!

[shkiser]

OP cant wait to see you eat crow when price jumps $2 tonight. 

[flaab]

Dear friends,

This post is to let you know that the the bubble is about to burst, luckly the price will settle down about 15-20usd/btc after the plunge. Don't fool yourselves, the price of something cannot go up forever. I don't know how further is the bubble going to go, but I'm not going to find out.

Since there is no way to short bitcoins, you'll wake up in a no-bid market soon and suffer an horrendous gap.

I've cashed out almost 95% of my bitcoins. Now...it should go down to 20 again :-)

Are you in fiat?
What is your exit strategy?

+1. Why would you hold dollars at a time like this?

I don't. I am using most of it to purchase a real estate property and fund future's contracts.

I also bought phyisical gold and silver. I had a load of bitcoins!

[shkiser]

how many did you unload. Just curious

[Gatekeeper]

why anyone would sell bitcoins to buy gold or silver i have no idea.

[Piper67]

why anyone would sell bitcoins to buy gold or silver i have no idea.

Because they have failed to understand Bitcoin on a pretty fundamental level.

[Piper67]

why anyone would sell bitcoins to buy gold or silver i have no idea.

Because they have failed to understand Bitcoin on a pretty fundamental level.

Nah, sellers provide a valuable service. Thank you OP!

Don't get me wrong. I agree with you 100%, but still, on some deep level, they just don't get it.

[piramida]

Ive bought today at $53 thats how much faith I have.

Are you using some special exchange that sells at gox +5$ prices?

[niko]

Selling 95% is overreacting to a vague "bubble about to burst" thought. Anyway, I hope OP spends wisely and enjoys life...

[RodeoX]

Cut the guy some slack here. If he was speculating to profit in USD and did then it's hard to argue with his success. Especially on the basis of future potential profits. Even if the price is $100 tomorrow he has won as a speculator.

[Transisto]

Why anyone would bother replying to these threads is beyond me.

OP might have sold as little as 10 btc for all we know.

[piramida]

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze.

[sgbett]

Tonight I'm boozing all my profits on wasted

[arruah]

nice try.

[zkay]

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right?

[RodeoX]

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right?

Fun! I have an AK and they are great toys.
When you buy, try using bitcoinLook at these:
http://www.gunbroker.com/All/BI.aspx?Keywords=bitcoin&SearchType=1

[zkay]

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Good lord that thing must weigh a fucking ton. Hopefully you don't need to travel very far with it or I can see some accessories getting ditched a couple miles down the road.

Plus Romanian WASRs are like the bottom of the barrel when it comes to quality control.

Oh, don't get me wrong, friend. I would greatly prefer one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331095751

It's a question of funding, though. As always.

[Aseras]

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right?

Those are both shit, If it goes way up, get a milled arsenal AK and die happy.

If it goes absolutely insane the only other good investment is something like this

http://www.subguns.com/classifieds/index.cgi?db=nfafirearms&website=&language=&session_key=&search_and_display_db_button=on&results_format=long&db_id=21835&query=retrieval

/I only paid $400 for my FULL AUTO AK many years ago.
//Legal too, got the tax stamps to prove it.

[zkay]

Cut the guy some slack here.

It's still stupid. Even if he bought in at 40, which I highly doubt, selling only 80% at 48 would have covered the investment, and the rest would be available for further long-term growth. Trying to predict peaks and then selling all is not a viable speculation strategy, and only means he's trading based on emotions. Which is stupid.

Such people are caught later, when bitcoins grows to I don't know, 100, and he re-enters with all profits, then bitcoins crash to 20 and he sells in despair, left with heavy losses. I've seen it happen Hope this particular OP would be smarter and would waste all profits on booze.

I sold 45% of my stake at 45.50 last night and recouped 120% of my initial investment. Left the remaining 55% on the exchange to ride it out. My goal at the moment is short term trading to get my USD funds up enough to buy one of these:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331429112

Or if BTC goes to the moon:

http://www.gunbroker.com/Auction/ViewItem.aspx?Item=331757394

Am I doing it right?

Those are both shit, If it goes way up, get a milled arsenal AK and die happy.

/I only paid $400 for my FULL AUTO AK many years ago.
//Legal too, got the tax stamps to prove it.

If you read my post above you will see that I mentioned wanting an arsenal AK but that the price is typically out of reach. Unless I camp gunbroker all day and luck out finding someone selling one for under $1200, they seem to mostly demand $1200-$1500+. BTC would really have to go to the moon to make this reachable for me.

Also, I likely wasn't even a thought in someone's head back when you bought that.