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Author Topic: Dump or long term goals?  (Read 6232 times)
Kprawn
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August 27, 2016, 04:51:21 PM
 #1

We have seen a lot of people waiting in high anticipation for a BIG increase in the price during the Halving event. How many people wanted this to happen, just to dump and run and how many of them

were ignoring this and are in this for the long haul? I was planning to sell some coins at a inflated price to enjoy the fruit of my labour, but decided to hold a little longer. I already more than doubled the

amount I spend on the investment a year ago, when the price were $200+ ... but greed wants me to hoard a little bit longer. How many others wanted to do the same? I will never sell everything, but I

want to enjoy the profits.  Roll Eyes

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August 27, 2016, 04:54:42 PM
 #2

We have seen a lot of people waiting in high anticipation for a BIG increase in the price during the Halving event. How many people wanted this to happen, just to dump and run and how many of them

were ignoring this and are in this for the long haul? I was planning to sell some coins at a inflated price to enjoy the fruit of my labour, but decided to hold a little longer. I already more than doubled the

amount I spend on the investment a year ago, when the price were $200+ ... but greed wants me to hoard a little bit longer. How many others wanted to do the same? I will never sell everything, but I

want to enjoy the profits.  Roll Eyes

Greed is not always a good thing but maybe in such case is a good one. You can hold the coins a little bit more. Many of the users here have long term goals or so they say at least. I am collecting coins and I have a decent amount which I am keeping for the long run. But if you bought at less than 300 if you sell them now you double your investment so maybe in this case greed is not a good thing. In the end its up to you what you think to do with your coins. Whatever you do make sure that the decision benefits you in the end in a way or another.

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August 27, 2016, 04:59:25 PM
 #3

That's exactly what am I going to do if the rate reach a high price. I won't spend it all to fiat but I'll keep some Bitcoin, probably 25% or 50% in my wallet to see if the rate can reach a higher price.

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August 27, 2016, 05:02:21 PM
 #4

Since many bitcoiner use bitcoin as investment or their primary goal is to get profit, i think many bitcoiner would dump their coin when they see bitcoin price suddenly raised because hype or some kind of events.
I won't sell my bitcoin when price raised if i can find local shops which accept bitcoin or i'm not desperately need fiat.

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August 27, 2016, 05:06:29 PM
 #5

I think depend on our strategy of trading, because there are some traders who used long term strategy and there are some traders who used short term strategy. But the most important of strategy is we can make profit as constantly from trading. Although price is going down or up, we always make profit from it.
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August 27, 2016, 05:08:05 PM
 #6

I assume that's something that each one of us will do (probably not run away but they will sell) , I'm planning to keep my coins until Bitcoin reaches something between 1500$-2000$ then sell some bitcoins and hold some. (If it rise with stability then I will be selling only , If it will be a huge pump and dump then I will start buying once the price start dropping again)

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August 27, 2016, 05:19:40 PM
 #7

You can not say that as your profit and its because a sum or amount is only said to be profit when you have full control over that money so when you will withdrawl it into your bitcoin wallet than you can say that how much profit you got

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August 27, 2016, 05:23:32 PM
 #8

I think dumping on current price will be just a bad decision as price can pump again to gain 700$ price. I am holding for long run, and may dump few of my bitcoins if i need some cash in hand.

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Kprawn
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August 27, 2016, 05:24:08 PM
 #9

I think there are a bit of compulsive hoarding going on here... I have never sold more than 20% of my total coins, and this makes me one of the Scrooge McDucks of the Bitcoin world. I hear the small

voice in my head saying, "Oh my precious!" when I want to sell some. I am not the same with fiat currencies or any other investment or commodities... so Whatsup with this. I think the value of Bitcoin

is so much more than the physical value as a currency, and because I believe in the good it can do, I tend to add more value to it.  Huh

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August 27, 2016, 05:27:23 PM
 #10

I still believe and hold for the long term, at least sell all when the price is above 1000 but I also always sell most of the needs. I only trade that continues to make profits for the long term. so I relaxed for this, because I do not buy bitcoin as much as possible for the long term.

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August 27, 2016, 08:40:43 PM
 #11

That's exactly what am I going to do if the rate reach a high price. I won't spend it all to fiat but I'll keep some Bitcoin, probably 25% or 50% in my wallet to see if the rate can reach a higher price.
for a long term im not spending at all to be honest, there is no reason for me to do that so i just hold all my bitcoins and thats it, it is really easy

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August 27, 2016, 08:53:12 PM
 #12

I think dumping on current price will be just a bad decision as price can pump again to gain 700$ price. I am holding for long run, and may dump few of my bitcoins if i need some cash in hand.

or not. no one knows what's gonna happen. if the op is up by a significant amount then if I were him I'd be rewarding my patience with a good spending spree.

everyone should always hang on to a core amount, the people who get rid of everything after a $50 rise are dumb as rocks, but what's the point of putting yourself through this rollercoaster if you don't get to enjoy some spoils every now and then?

sure, it might rise, but comes a time when you have to start enjoying some short term gains as well.

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August 27, 2016, 09:15:47 PM
 #13

We have seen a lot of people waiting in high anticipation for a BIG increase in the price during the Halving event. How many people wanted this to happen, just to dump and run and how many of them

were ignoring this and are in this for the long haul? I was planning to sell some coins at a inflated price to enjoy the fruit of my labour, but decided to hold a little longer. I already more than doubled the

amount I spend on the investment a year ago, when the price were $200+ ... but greed wants me to hoard a little bit longer. How many others wanted to do the same? I will never sell everything, but I

want to enjoy the profits.  Roll Eyes
I am lucky that i sent my coin soon after halving and got good price for my coins.I again buy back same amount of coins when prices fell and made some good profit.Now I have same amount of coins that I had before halving and also some cash that I made out of selling bitcoins

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August 27, 2016, 09:18:02 PM
 #14

I do not think that a miner or a trader will do crazy things throw away prices fall, most likely the price will be created fell slightly after that the price will rise, as we've seen throughout this year.

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August 27, 2016, 09:20:34 PM
 #15

According to the Efficient Market Theory, it doesn't really matter. People are well aware of these events and price already considers it. Selling or keeping to the long term is up to you and your belief on bitcoin value.

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August 27, 2016, 09:32:22 PM
 #16

I don't have much bitcoin but i'll hold mine for long if i managed to buy some bitcoin this year.bitcoin will rise upto $1k by the end of 2017,i heared from some people
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August 27, 2016, 09:35:06 PM
 #17

You're on a forum that's pretty much full of greedy people, so OP your not alone by any stretch. 

I don't consider myself an *overly* greedy person, but I aspire toward being wealthy.  To that end, I think bitcoin has very good upside potential and my goal is to accumulate right now.  If OP got in at $200, he's very fortunate, but I still think buying now at $565 isn't a bad idea.

If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
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August 27, 2016, 10:05:22 PM
 #18

First of all there is nothing wrong with being a position trader. We can hold a bit more.

I don't have much bitcoin but i'll hold mine for long if i managed to buy some bitcoin this year.bitcoin will rise upto $1k by the end of 2017,i heared from some people
Well at this point there is no one who can tell you and predict how high will be bitcoin price by the end of 1017. We can only speculate.
Don't believe in any news until you actually see it influence the price. 2017 might be the year of Kim Dot Com, but until he start his bitcoin business it is better to treat him with grain of salt.

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August 27, 2016, 10:34:09 PM
 #19

First of all there is nothing wrong with being a position trader. We can hold a bit more.

I don't have much bitcoin but i'll hold mine for long if i managed to buy some bitcoin this year.bitcoin will rise upto $1k by the end of 2017,i heared from some people
Well at this point there is no one who can tell you and predict how high will be bitcoin price by the end of 1017. We can only speculate.
Don't believe in any news until you actually see it influence the price. 2017 might be the year of Kim Dot Com, but until he start his bitcoin business it is better to treat him with grain of salt.
yes i got the name now,its Kim Dot Com whom twitter i followed.he's predicting a higher price for bitcoin.i fogot the name but thanx buddy for your reply.ofcaurse i'll watchout every step before i take any bitcoin related decision
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August 27, 2016, 10:42:41 PM
 #20

long term investment options all the time, bitcoin allows me to make some decent profit without too much efforts and i really like it

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