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Author Topic: Dump or long term goals?  (Read 5491 times)
raymond541
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August 27, 2016, 11:29:41 PM
 #21

Well my sugession hold your coin for next 2-3 month.Still have chance to 700+ end of the year.I think next 1-2 month also price will be around $550 to $600.I sold my coin when price was $750 and start buying.I will buy under $600.I really think pump and dump really bad for bitcoin,in this way some people are gain huge profit and most of the people are looser.
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August 27, 2016, 11:50:35 PM
 #22

I am of course holding for the long term, but I do secure profits from time to time. This allows me to increase my holdings by selling at the higher prices, and to buy back when the price starts tanking again. So far I am quite successful in doing so. With this I don't have to put much of my own money in Bitcoin in order to expand my holdings.

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August 28, 2016, 12:44:27 AM
 #23

dump is only few time not long time its now price bitcoin up again
dump only few dollar not hard dump
i think is pump or dump everyday is so good so every day can take profit
but i wan't accident hard dump
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August 28, 2016, 01:55:48 AM
 #24

Long term goal is the best option for me, do not dump your bitcoin as it has a great potential to increase its value overtime. You might regret that you miss the opportunity to make a good amount of money, in this world as an investor we need to have a great patience to succeed.

 
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August 28, 2016, 01:57:51 AM
 #25

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
But I think your some intentions for your planning to selling your coins it's too late in this time and why your intention for selling your coin is not appearing if the price of bitcoin is till in the $750?but every bitcoiners is having same intentions with you wanna for selling the part of their amount and keep the another for their investment.

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August 28, 2016, 02:14:07 AM
 #26

I think everyone feel the same things, they want to sell but they hope to sell at the highest price, but we are not fortune teller we cant know the exact time when will the price at the peak, so i think just sell small part of your coin to enjoy it, its your hard work, i think you deserve some payback

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August 28, 2016, 02:49:03 AM
 #27

I think everyone feel the same things, they want to sell but they hope to sell at the highest price, but we are not fortune teller we cant know the exact time when will the price at the peak, so i think just sell small part of your coin to enjoy it, its your hard work, i think you deserve some payback

I agree we all want to get the highest profit possible but as you said we cannot predict the future  and reading the chart wont guarantee what we saw in it.  If we are into profit of course we must have patient and having said that, you should be in a long term watching the market and then be ready to sell when it meet your selling requirement.

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August 28, 2016, 03:26:33 AM
 #28

if you see the history of bitcoin, then you will realize that long term holders always get high profits. but we all know that what happened in the past is not guarenteed to be repeated in the future. btw, instead of dumping or holding for a long time, if you do short term tradings then it may be more beneficial for you. but yes, you must have some knowledge about the market, its history and ofcourse some luck. good luck!
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August 28, 2016, 03:29:10 AM
 #29

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

yeah, sadly a lot of bitcoin users/investors are in it only for the profit and will dump as soon as there is a price rise to go back to their fiats as soon as possible.

Quote
and how many of them were ignoring this and are in this for the long haul?

there are many that are in it for the long haul but this should be at least 90% of investors not a small group.

Quote
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

we all want profit in one way or another. i too have wanted to sell and made sure to sell bitcoin but i bough back with most of the money that i got and now i have even more bitcoin because of this simple act.


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August 28, 2016, 04:14:32 AM
 #30

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

Its really up to you if you  hold a little longer  for more profits but  in the price you bought previously your coins  you are  already  have a decent profit with it since you   bought it on $200+ which you almost 3x your  money. I agree the   greediness is there  and  still wanting  much more huge money then. If you are really searching for an amount that would satisfy you then hold a little longer  if you see the price of bitcoin is already enough for you to sell.

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August 28, 2016, 04:20:39 AM
 #31

I think it's better to pick long term goals, because i think the price of bitcoin will increase in the end of the year. I will wait until the end of 2016, because i predict the price of bitcoin will increase on that day.
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August 28, 2016, 04:22:01 AM
 #32

You already make a big profit right now, the price is increase 3x from the last time you bought bitcoin. If you're satisfied enough with the profit you got now, you can sell all of your bitcoin. Or you can sell some of your bitcoin and save the rest, wait the price to increase more.

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August 28, 2016, 04:29:47 AM
 #33

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.


It really still defends on you or on the situation arises that there's a need to not finish the goal you wanted. For me id like really to make it bigger for it may became as my savings in the future. A hobby and a sideline job for this moment that ill know soon will be beneficial.

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August 28, 2016, 05:13:01 AM
 #34

my plan is as it has always been, to hold for the long term. i have bought last year at $200 and invested a lot of money when it could and now i am happy with the results. i sold a little at the top and bought back when the price settled down and still holding all i have.

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August 28, 2016, 05:32:22 AM
 #35

I will never sell everything, but I want to enjoy the profits.  Roll Eyes
Assuming you have sufficient BTC's... why can't you just withdraw your initial investment and enjoy that? The rest you can leave "invested" in BTC to sell at a later date when it is at a price that satisfies your "greed" Tongue

You do raise a good question though and I think this is a dilemma for a lot of different investments (not just BTC). At what point do you cash out? Do I take my profits today and then regret that decision tomorrow if BTC doubles in price tomorrow? Do I take my profits today and be thankful when BTC halves in price tomorrow?

Personally, I think the best thing you can do, is set a target that you are happy with... and when that target is reached, cash out. If you wish to reinvest in BTC, then forget your previous investments and start from a new "zero" point. Otherwise you will always be second guessing yourself and wondering "what if?"  Undecided

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August 28, 2016, 05:32:44 AM
 #36

I have a long term goal in bitcoin. I don't have that much anyway that's why I am slowly accumulating it and hoping to make it big in the long run. I hope so that it will reach thousands of dollars per bitcoin someday and one bit will be able to buy something valuable. This may happen if there will be more demand in bitcoin and people will use it as currency more than investment.
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August 28, 2016, 05:37:11 AM
 #37

I have some long term goals in regards to btc, I think it'll hit 700 for sure this year and hopefully 1,000. I see it as a side investment sort of like buying gold you know?

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August 28, 2016, 06:53:52 AM
 #38

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

That is a hard fight, like a war in your mind. Same thing that is happening to me whenever  a high fluctuation came. But it will still depend on you. If you think there is a need and you really want it then take it. Besides, it is all yours.

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August 28, 2016, 08:24:01 AM
 #39

I am of course holding for the long term, but I do secure profits from time to time. This allows me to increase my holdings by selling at the higher prices, and to buy back when the price starts tanking again. So far I am quite successful in doing so. With this I don't have to put much of my own money in Bitcoin in order to expand my holdings.

That's also what I am trying to do. However, it's not always that easy as there is no way to find out what what is the top of the peak is. That's why I am selling in small amounts of like 0.5BTC per time till the top is reached. That's how I do it. Same goes basically up for when the price goes down. I buy small amounts till the bottom is reached.

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August 28, 2016, 09:27:20 AM
 #40

I have some long term goals in regards to btc, I think it'll hit 700 for sure this year and hopefully 1,000. I see it as a side investment sort of like buying gold you know?

Or it can tank back to$300-$400ish, you never know.

As for me every time the price jumps or drops significantly I move 30% of my coins.

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