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Question: Should someone who bought in at $150 sell and cut their losses, or hold?
Sell now and cut your losses - 39 (16.9%)
Set a sell order at $150 and break even - 11 (4.8%)
Just hold and play long - 181 (78.4%)
Total Voters: 231

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Author Topic: Should someone who bought in at $150 sell and cut their losses NOW or hold?  (Read 3760 times)
OnlyGoodVibes (OP)
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April 16, 2013, 10:26:13 AM
 #1

I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.
MykelJH
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April 16, 2013, 10:28:10 AM
 #2

if you bought coins you had to see some kind of potential with bitcoin. if you believe in it, which you probably did if you went and purchased 2 coins. stick with it, you must have read 100 times that it was going to be a bumpy road and it will be.
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April 16, 2013, 10:29:43 AM
 #3

It's two coins. Keep it. '
ruski
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April 16, 2013, 10:33:22 AM
 #4

I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.

You probably should've sold long before now. By this point, if you decide you're gonna hold, be sure you've got the cohones to continue to hold if and when it dips way, way down in the mud. Otherwise you'll just trade a 66% loss for a 99% loss and have a bad day to go with it.

Cluster2k
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April 16, 2013, 10:39:15 AM
 #5

Those who are long bitcoin on this forum are going to advise you (and anyone else) to keep it.
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April 16, 2013, 10:40:08 AM
 #6

A family member insisted on buying at 150. I offered to help cash it out when it dropped back from 250, but was told to just hold and that if it drops to 30 she'll buy more. Most investors stay in the long game.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
e521
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April 16, 2013, 10:52:14 AM
 #7

If you don't believe in bitcoin sell them

chrsjrcj
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April 16, 2013, 11:00:16 AM
 #8

At this point, hold.

If it gets to $150 again, hold (or spend).

If it gets below $50, hold.
piramida
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April 16, 2013, 11:33:15 AM
 #9

As was confirmed now, the only good time to sell bitcoins is once it goes several times above the previous bubble top. So, for now, a good price to sell would be around $2000. 0-50 is a land of buying opportunities.

i am satoshi
XXthetimeisnowXX
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April 16, 2013, 12:23:18 PM
 #10

guaranteed loss or a chance to make money back....hummm

stocks are just legal gambling
loanexpress
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April 16, 2013, 12:25:12 PM
 #11

Yeah, you sell now you lose for sure. And since it's only 2 coins it's not like you need the money for something else. So you got "nothing to lose!" :-D
proudhon
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April 16, 2013, 12:39:02 PM
 #12

It's beginning to look like $50 is the bottom, folks.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
Newscastix
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April 16, 2013, 12:40:37 PM
 #13

It's beginning to look like $50 is the bottom, folks.

Never heard you that bullish...  Shocked
Logik
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April 16, 2013, 12:42:37 PM
 #14

There were people who bought during the first bubble that finally saw profit recently because they held long enough. You could continue that proud tradition Tongue

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deadweasel
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April 16, 2013, 12:51:49 PM
 #15

It's beginning to look like $50 is the bottom, folks.

Maybe for the day.  My feeling is we'll be at 40  and 30 before long.

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April 16, 2013, 12:53:49 PM
 #16

Sell until it's too late to get even 60.
nobbynobbynoob
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April 16, 2013, 12:59:15 PM
 #17

It's beginning to look like $50 is the bottom, folks.

Never heard you that bullish...  Shocked

Proudhon bullish = crash imminent? Grin

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jubalix
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April 16, 2013, 01:00:35 PM
 #18

I only bought 2 BTC so not worried either way but interested to see what peoples opinions will be.

please sell sell sell everything all the way down to 0.1c.....so I can be and early adopter !!!!!

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April 16, 2013, 01:00:57 PM
 #19

Hold. It's been like one week- definitely hold at this point. It was money you were okay with losing anyway- right? So don't lose it without needing to lose it.

more or less retired.
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April 16, 2013, 01:05:28 PM
 #20

It's beginning to look like $50 is the bottom, folks.

*Grabs chest, staggers backwards, collapses*

O.O

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