i'm torn. what would you do?

[WishIStartedSooner]

i was tempted to sell just enough to make back my initial investment. but not yet.

i decided to see this thing through. if bitcoin goes to zero im only out 150 bucks.

if it drops, im just going to buy more.

thanks for all the input in this thread guys! sometimes a guy just needs talked out of selling.

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[Adrian-x]

I sold 1/2 my Bitcoin stash about 5 monts ago - covered my mining setup and a months salary. I though I did well. It went up and up, and I sold all the way up and I now only have 1/3 left. taking a little profit on average below $15 cost me over a years salary.


if you are going to gamble hold on to at least 1, just keep an eye on the market and you will see opportunities pop up all the time. I'm giving it a year window before I buy back in. If we hit $300 before August I will reconsider.

[evolve]

This might be real.

Or this might be a speculative bubble.

I can't tell

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?

I would sell 2, keep 1. Lock in some profits and let the rest ride.

[afbitcoins]

What I recommend is what I'm doing myself which is holding onto the bitcoins.. for now.  In fact if I could persuade my wife to let me, I'd probably buy more.

This is only my opinion of course but I think the price will keep going up and up, but then yes at some point, probably not that far away, there will be a crash.  Its a bit like playing chicken with an oncoming vehicle.

The price is on a parabolic scale just now, getting steeper and steeper, it could double or quadruple in less than a month! Or it could crash. Do you jump off now and miss out on some of the biggest upward moves, or hold on and risk ending up holding bitcoins which have crashed in value to less money than you paid.

At the moment I'm holding on like I said, to try and get some of the biggest moves. If I mistime it and they crash, I'm not worried, I'll hoard what I have and probably add to my stack while they are cheap. In time they will rise again.

[BitcoinTate]

With all the interest in BTC lately the only place to go is up, up, up and away! Check out this thread with the data to prove it! :https://bitcointalk.org/index.php?topic=160828.0

[checkers6676]

personally, I just sold my computer to buy more btc, and will be watching the market from now on via my phone.

[Richy_T]

personally, I just sold my computer to buy more btc, and will be watching the market from now on via my phone.

If You Do That, Make Sure To Get Your Wallet.Dat Off First.

[Missionary]

In my humble opinion, the fiat you get for 3 bitcoins is really not that much of a game changer in the average persons life. However, the potential value is so much greater.

If you would have had 300 or even 3000 bitcoins, it would be another thing because that extra fiat might change your situation right now in a noticable way.

Just hold. Buy and hold.

[bitcon]

with the number of people learning about bitcoin and jumping aboard everyday it can only keep going up. the btc economy is strong. the concept and fundamentals are solid.  there's no stopping this new currency.

[NF414]

This might be real.

Or this might be a speculative bubble.

I can't tell

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?

What about a Stop-Loss just under the recent correction to 75$?
I issued a Poll, on whether people think its a bubble (see Signature below).

Regards, NF414

[notme]

In after proudhon.

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

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

You catch on quick.

[CurbsideProphet]

In your situation I would just hold.  $300 isn't going to change your life.  If it goes to zero, no big deal.  If it goes to the moon, congrats.  You have very little skin in the game so you may as well hang on unless you really need the cash to get by.

[Missionary]

In your situation I would just hold.  $300 isn't going to change your life.  If it goes to zero, no big deal.  If it goes to the moon, congrats.  You have very little skin in the game so you may as well hang on unless you really need the cash to get by.

And even if you get in that situation, think twice! I regret that I choose to cash out my bitcoins at $12 because I was broke at the time.

[zkay]

In your situation I would just hold.  $300 isn't going to change your life.  If it goes to zero, no big deal.  If it goes to the moon, congrats.  You have very little skin in the game so you may as well hang on unless you really need the cash to get by.

And even if you get in that situation, think twice! I regret that I choose to cash out my bitcoins at $12 because I was broke at the time.

I am going to always try to keep some of my money in bitcoin, but I'm going to cash out a large amount of my holdings if the price goes much higher to buy a fridge and an arsenal/fime group ak47.

Weird combo, I know, but they're two expensive (to me) things that I am needing in the near future.

To the OP, hold! I have so far only just managed to break even trying to time the market. This last crash I managed to lose .6 btc.