Cashing out....

[Wind_FURY]

I see there are Bitcoiners here getting very jittery and they might be anticipating a market crash or something. The answer might not be to "cash out". You can get of both world by doing short selling. Short sell Bitcoin and profit from the fall if you think that is where it is going. The end result for you would be more Bitcoins.

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[BitFinnese]

I don’t see the signs that we are in the middle of a bubble that already ended a few weeks ago it seem this price is going to be the new baseline for a while unless a new hack happens or something that affect the price.

Since fake volume created by margin trading is now mostly gone it will be hard to see steep upward trends aka bubbles from now on.
Highly automated trading is gone too - because there is no more trading with no fees. What I expect to see is slow price increase and less volatility.

 I would love to see this. I think it would be good for Bitcon too, I'm personally more attracted to a steady price increase then sudden jerks up and down. Furthermore, I think for outsiders  this "legitimizes" Bitcoin if they were to see it gain like 2% in price a month vs a jump to like 50% with then a sudden crash to 24%.

Same here  I prefer a steady price increase than sudden spike.  Sudden spike brings harm than good.  Anyway  I think the price wont crash anytime soon.  It had been moving sideways for several days now with little fluctuation.  I wonder if bear had already take over.

[Tanic]

Bitcoin is far away from any bubble pop now. It's predictable future for bitcoin, cause this currency hasn't inflation and growing up with high temps. The danger of the bubble piping will be on the price around 10000$ and today bitcoin is still in the most beginning of it's story. So don't scare people without a reason, please.

[The_Dark_Knight]

I don’t see the signs that we are in the middle of a bubble that already ended a few weeks ago it seem this price is going to be the new baseline for a while unless a new hack happens or something that affect the price.

Since fake volume created by margin trading is now mostly gone it will be hard to see steep upward trends aka bubbles from now on.
Highly automated trading is gone too - because there is no more trading with no fees. What I expect to see is slow price increase and less volatility.

 I would love to see this. I think it would be good for Bitcon too, I'm personally more attracted to a steady price increase then sudden jerks up and down. Furthermore, I think for outsiders  this "legitimizes" Bitcoin if they were to see it gain like 2% in price a month vs a jump to like 50% with then a sudden crash to 24%.

I remember seeing one thread where a member calculated since the creation of bitcoin, bitcoin has appreciated in value about 6% per month which is fantastic if we compare it to any other investment.

[Wind_FURY]

The market is very fickle. The minute the OP decided to "cashout" the market thought to spite him and show everyone that the rise to above $1000 is not over yet. So what now to those who decided to hold fiat? Did you get back in or are you getting jittery again because you think you might be left behind again?

The best strategy for Bitcoin is "buy the dips".

[quake313]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

[Karpeles]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.

Price may fall again, but I really doubt that will be for lower level than $900

OP must be crying now, or decided don't look back, so no risk to see that the price increased

[quake313]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.

Price may fall again, but I really doubt that will be for lower level than $900

OP must be crying now, or decided don't look back, so no risk to see that the price increased

I thought we were heading for a drop too when the transaction volume dipped as low as it did after China stopped margin trading and zero fees. I am not sure what to make of this right now.

[BitcoinHodler]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.
Price may fall again, but I really doubt that will be for lower level than $900
OP must be crying now, or decided don't look back, so no risk to see that the price increased

I thought we were heading for a drop too when the transaction volume dipped as low as it did after China stopped margin trading and zero fees. I am not sure what to make of this right now.

the mentality of thinking that bitcoin price could have fallen because of Chinese exchange volume drop comes from years of spreading FUD and saying bitcoin price is affected by China most of all. which is a wrong mentality and it will start to change as time passes.

the recent events proved that China has never been big in bitcoin world.

i would love to see what OP has to say now too.

[quake313]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.
Price may fall again, but I really doubt that will be for lower level than $900
OP must be crying now, or decided don't look back, so no risk to see that the price increased

I thought we were heading for a drop too when the transaction volume dipped as low as it did after China stopped margin trading and zero fees. I am not sure what to make of this right now.

the mentality of thinking that bitcoin price could have fallen because of Chinese exchange volume drop comes from years of spreading FUD and saying bitcoin price is affected by China most of all. which is a wrong mentality and it will start to change as time passes.

the recent events proved that China has never been big in bitcoin world.

i would love to see what OP has to say now too.

It wasn't just the China volume, it was trading volume across the board that dropped. It was the total drop that had me concerned. Right now, everything looks good.

[dhampir-D]

The FUD due to the Chinese regulatory agencies on exchanges proved to be something temporary, just as I was speculating a few days ago. In the end, this is something that has no impact on most people who use and trade Bitcoin, because there are few who use bots in comparison to the number of ordinary users.

[mtwelve]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.

Price may fall again, but I really doubt that will be for lower level than $900

OP must be crying now, or decided don't look back, so no risk to see that the price increased

It could've just easily went from 900 to 810. You win some, you lose some. Day trading wears me out, so I just tend to buy dips and sell when I have big profit margins.

[carlisle1]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

you should do that thing if you got an accurate forecast of the bitcoin price and it would be much better if you're going to sell your bitcoins if it's going to drop and if it's surely happen, since the last three days I didn't see any drop even a bit . anyway you don't need to panic, it's normal that the price will drop a little bit and it will surely go back with a much higher value .

[BitcoinHodler]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

Has the OP been back since he made this post? I would like to know if he still feels the price will drop quite a bit? I got mixed feelings atm...

Price went from $900 to $980 since OP created this topic.
Price may fall again, but I really doubt that will be for lower level than $900
OP must be crying now, or decided don't look back, so no risk to see that the price increased

I thought we were heading for a drop too when the transaction volume dipped as low as it did after China stopped margin trading and zero fees. I am not sure what to make of this right now.

the mentality of thinking that bitcoin price could have fallen because of Chinese exchange volume drop comes from years of spreading FUD and saying bitcoin price is affected by China most of all. which is a wrong mentality and it will start to change as time passes.

the recent events proved that China has never been big in bitcoin world.

i would love to see what OP has to say now too.

It wasn't just the China volume, it was trading volume across the board that dropped. It was the total drop that had me concerned. Right now, everything looks good.

first of all you are making mistake by comparing the volume of stable price time (stable at 916-918) with volume of volatile time (going from 780 to 1166 and back to 800 etc) this is obviously going to be a huge drop in volume when price becomes stable.

also Chinese volume dropped from 5 billion dollar to 1 million dollar that is a huge drop.

but bitfinex went from 6-7 million to 2 million dollar (a perfectly normal drop because of stability)

[nizamcc]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

you should do that thing if you got an accurate forecast of the bitcoin price and it would be much better if you're going to sell your bitcoins if it's going to drop and if it's surely happen, since the last three days I didn't see any drop even a bit . anyway you don't need to panic, it's normal that the price will drop a little bit and it will surely go back with a much higher value .

Come on dude, OP might have already settled his things back after he sold his coins. He said that he thought that he would sell, but nobody knows whether he did or not. If he took action, he must be in some profit currently, profit of gaining some extra coins at lower rates with the opportunity to sell them back higher and if he didn't, it still doesn't make any difference as the price is still high and he will still be making something out of his coins.

[Red-Apple]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

you should do that thing if you got an accurate forecast of the bitcoin price and it would be much better if you're going to sell your bitcoins if it's going to drop and if it's surely happen, since the last three days I didn't see any drop even a bit . anyway you don't need to panic, it's normal that the price will drop a little bit and it will surely go back with a much higher value .

Come on dude, OP might have already settled his things back after he sold his coins. He said that he thought that he would sell, but nobody knows whether he did or not. If he took action, he must be in some profit currently, profit of gaining some extra coins at lower rates with the opportunity to sell them back higher and if he didn't, it still doesn't make any difference as the price is still high and he will still be making something out of his coins.

i can not see how he or any other person who sold at the time of OP suggestion, can ever make any profit. it was sold on an stable price not a falling one and price never went low enough to buy back, in fact it was nearly in the fee zone with no possibility of buying back.
unless he bough back at higher price (for example at $960) he has missed the train.

[SvenBomvolen]

Kinda feel the price will drop quite a bit, will probably cash out and buy back in after the dust has settled... The chinese  exchange fees look like its going to be a bubble popping but just my opinion... But why the insane mempool size?

   Price is recovering, and its very close to 1000 again. I dont think price will drop, who ever sold when you suggested this lost a good profit, your prediction skills are not so good as you think.
   I dont plan to cash out anytime soon, price is holding on this price very good, and I believe price can increase more in the future. Now its better to hold bitcoins then to cash out, better think again about it.

[carlfebz2]

We have the same feeling op on which this price increase has equivalent on price decrease anytime soon we are just on the situation which people are accumulating  enough bitcoin and when we hit the price of $1k or even more possibility of going back is there thats why im holding still my bitcoin when  price actions to dump then sell oof to secure profits then buyback to its lowest price again.

[CoinCidental]

We have the same feeling op on which this price increase has equivalent on price decrease anytime soon we are just on the situation which people are accumulating  enough bitcoin and when we hit the price of $1k or even more possibility of going back is there thats why im holding still my bitcoin when  price actions to dump then sell oof to secure profits then buyback to its lowest price again.

That's the most surefire way to reduce your bitcoin stack I've seen so far apart from online gambling.... 

[Ahab_Hunter_of_BearWhale]

It ain't easy being a hodler.

 

Eh, is for me. Being anything else would be insanity xD