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Author Topic: i'm torn. what would you do?  (Read 2837 times)
WishIStartedSooner
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March 28, 2013, 11:36:57 AM
 #1

This might be real.

Or this might be a speculative bubble.

I can't tell Sad

I have 3 BTC that i bought below 55.

If I sell now, and the price comes crashing down, I could end up with 5, maybe even 6 BTC!

But will it?
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proudhon
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March 28, 2013, 11:38:10 AM
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Odds are that, yes, the price is going to come crashing down.

bitcoin price cannot be sustained above $10k <---- scientific fact
Faraday
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March 28, 2013, 11:39:43 AM
 #3

In after proudhon.

Op just be glad you don't have a few hundred bitcoin and must make that decision  Grin
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March 28, 2013, 11:40:51 AM
 #4

This might be real.

Or this might be a speculative bubble.

I can't tell Sad

I have 3 BTC that i bought below 55.

If I sell now, and the price comes crashing down, I could end up with 5, maybe even 6 BTC!

But will it?

If you need fiat then sell. If not then keep. I suspect your life would not crash if you kept 3BTC in your wallet?
WishIStartedSooner
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March 28, 2013, 11:41:47 AM
 #5

In after proudhon.

Op just be glad you don't have a few hundred bitcoin and must make that decision  Grin

proudhon says sell, so that means i should wait, right?
WishIStartedSooner
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March 28, 2013, 11:42:52 AM
 #6

This might be real.

Or this might be a speculative bubble.

I can't tell Sad

I have 3 BTC that i bought below 55.

If I sell now, and the price comes crashing down, I could end up with 5, maybe even 6 BTC!

But will it?

If you need fiat then sell. If not then keep. I suspect your life would not crash if you kept 3BTC in your wallet?

this is true. I could sustain a buck fifty loss.

id just have to kick my own ass a little bit.
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March 28, 2013, 11:44:38 AM
 #7

Odds are that, yes, the price is going to come crashing down.

odds are that no, the price is not going to come crashing down.
apetersson
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March 28, 2013, 11:46:10 AM
 #8

It is expected that only 0.003 BTC will be available per human being on this planet. As such it would be only fair if you sell some of your hoard. There are other people who need Bitcoin too. So do the right thing and sell some.

well, we could also drastically reduce the number of humans available so we have more bitcoins per person. the historic average durign the middle ages would be 42 bitcoins per human.
WishIStartedSooner
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March 28, 2013, 11:49:50 AM
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It is expected that only 0.003 BTC will be available per human being on this planet.

This is a good point. I put my BTC in a cold wallet that's never seen the internet so that it would be harder to sell. That's because I think it's going to become mainstream.

I should stay disciplined, not sell, and just buy more if the price dips.

DISCIPLINE!
WishIStartedSooner
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March 28, 2013, 11:53:39 AM
 #10

if it works out buy be a beer a few years down the road, LOL


I will.

Are you the same vladimir who sells btc on silk road?
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March 28, 2013, 12:02:48 PM
 #11

In after proudhon.

Op just be glad you don't have a few hundred bitcoin and must make that decision  Grin

proudhon says sell, so that means i should wait, right?

This is absolutely correct.

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Woodcock36
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March 28, 2013, 12:05:47 PM
 #12

I cashed out a small portion of my coin last night. That said, if I only had 3, I would probably hold on and enjoy the ride. As many have stated, bitcoin is a currency, but it is also a movement, one I plan on being a part of during good times and bad.

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WishIStartedSooner
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March 28, 2013, 12:09:28 PM
 #13

if it works out buy be a beer a few years down the road, LOL


I will.

Are you the same vladimir who sells btc on silk road?

lol no


ok good, cause i think that guys a cop. lol
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March 28, 2013, 12:25:35 PM
 #14

My suggestion is that sell a portion of your coins if you are torn about the situation. Don't sell everything but holding everything is not necessarily the best plan either.

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March 28, 2013, 12:39:19 PM
 #15

It is going up day after day after day. This may be a speculative bubble, but is is not by any one investor. It is going to be a massive expansion. The speculation however, may not keep up with adoption and may just instead turn into actual growth. It all depends on the feedback loop.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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March 28, 2013, 12:43:09 PM
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My suggestion is that sell a portion of your coins if you are torn about the situation. Don't sell everything but holding everything is not necessarily the best plan either.

I think when we're talking about 3 BTC, holding may be the best plan as well.

Also, has OP looked into actually SPENDING btc? Might be worth their while...

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March 28, 2013, 01:22:01 PM
 #17

If you are really risk-aversive, sell half of you BTCs, and put the fiats you get on loan.

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 28, 2013, 01:22:42 PM
 #18

If I sell now…
If you want to sell, then suggest to buy some coffee, chocolate or a bitcoin magazine subscription. converting back to fiat will only kill the fun for you.
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March 28, 2013, 04:59:36 PM
 #19

In after proudhon.

Op just be glad you don't have a few hundred bitcoin and must make that decision  Grin

proudhon says sell, so that means i should wait, right?

No. It means sell a kidney for BTC.

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March 28, 2013, 07:49:12 PM
 #20

I sold 20 BTC at $79 thinking it would fluctuate a bit more before hitting $80. I came into work the next day and it was at $88.

I bought back in. I have 2 less Bitcoin than I used to.

How many Bitcoin do you want to lose?

I am fortunate that I only sold 20. I took most of my BTC off of the exchange when it was at $60.

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