why i'm not selling my coins

[jonald_fyookball]

I'll be honest with you -- i was considering selling a portion of my coins,
expecting a crash during this period of great uncertainty, but now i'm strongly leaning
toward holding all of them.

We may still see a sell off.

But, my thoughts are as follows:

- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts.  This is VERY good news.  Even with multiple node crash bugs, BU hashrate is rising.  Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.

- Big whales already sold off a lot of coins

- Network split likely not to happen.  Core will capitulate and give the community bigger blocks or emergent consensus
because that is what people want -- even luke jr's own straw poll advocated this in the event that hashpower takes
over.  Core will save their ass even if they can't save face and at least try to remain as the "main" repo even if they
have to raise the blocksize.

- Already seeing alternate patches like Core + EC

- $1000 price now seen as support.  Dips below $1000 will be bought.  Also good timing with Chinese controls --
too late to get out now.  Only panic sellers will want to cash out at under $1000.  Big upside reward to hang
in there.

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

[European Central Bank]

i'm really curious to see how much longer this deadlock can drag on for. sometimes it feels infinite, other times i'm thinking 'come on, something's gotta give soon'. i'm seesawing constantly. 

[ASHLIUSZ]

As Op described once the ongoing tension gets settled we'll experience a big rally in price increase. Right now panic selling is happening a lot without realising the ongoing tension. On the other hand along with the same but is gaining support compared to the buggy coin which is focused to support high fee as well the centralized system. So in a short or near future we may feel the goodness of bitcoin along with good price increase.

[PokerDiceMan]

iam not selling coin, because iam lost
i am hold until coin can incraese again until iam profit can selling
if still down price iam use margin short, iam trading in bitfinex,kraken, and poloniex in there support margin trading

[SONG GEET]

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

Yes all will be buying when all this tension will be over, actually people are worried about possible hard fork but i don't see it happening within next few weeks or even months. So i am also expecting another bull run to push price over $1300 in a blink of an eye.  

I think whales are holding price low to buy under $1000 before starting a rally.

[Kakmakr]

I am holding on for the opposite reason. I can see that BU will go the same route as Bitcoin XT and they will become part of the failed attacks on Bitcoin. The mining cartels will not control Bitcoin development, like they control everything else at the this moment.

Just because Roger Ver think he can create a new coin with a President to replace Satoshi, does not mean everyone else has to accept this. We got rid of the Bitcoin Foundation and we will get rid of centralized monopoly by mining cartels and people with money like Roger Ver, who wants to force people to follow him like sheep. ^heh^

[davis196]

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

Yes all will be buying when all this tension will be over, actually people are worried about possible hard fork but i don't see it happening within next few weeks or even months. So i am also expecting another bull run to push price over $1300 in a blink of an eye.  

I think whales are holding price low to buy under $1000 before starting a rally.

Can anybody predict when this hard fork will happen?
Anyway,i`ve shorted my bitcoins before this month price fall and i`m ready for the next increase.
Bitcoin Unlimited is going to the trash obviosly.

[Pursuer]

- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts.  This is VERY good news.  Even with multiple node crash bugs, BU hashrate is rising.  Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.

so are you implying that Blockstream/core is spamming bitcoin transactions to increase the backlog (transactions in mempool) and cause the delays and fee rise?
you know that there is the same conspiracy theory saying BU is doing the spam attack right?

- Big whales already sold off a lot of coins

if you are implying whales sold and got out then you are spreading FUD.
and if it were true price would be $100 by now. not staying above $1000 with a big buy support and still a huge volume.

- Network split
- Already

please keep the split FUD/drama out of speculation board

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

whales have already sold their coins above $1200 and when nobody was looking and then the panic started, the order sizes that were filled in the initial hour of the panic-inducing-dump supports this.

and then they bought back what they sold, again when nobody was looking, at the range of $9xx to $1000 and again the big buy walls preventing the price going lower than $960 after the bounce back from the lowest price supports this.

[Amph]

i'm really curious to see how much longer this deadlock can drag on for. sometimes it feels infinite, other times i'm thinking 'come on, something's gotta give soon'. i'm seesawing constantly.  

they are doing it on purpose to cause havoc and instigate people to panic sell, it's all about getting many cheap coins as possible, i've learned it many times already, bitcoin market is manipulated in one way or another

but i'll keep my coins regardless, bitcoin will not die because of an hard fork, there were worst case in the past with bug and exploit, and bitcoin coem always victorious

- Big whales already sold off a lot of coins

proof of this? all i see is a retreat to around $1000 which was the value before th alast pump, there is not any sell of from whales, there is no reason to sell, only newbie sell because of FUD not whales

[shannen87]

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

[Pursuer]

bitcoin will not die because of an hard fork

good point and I would also want to correct it by saying:
bitcoin will not die because of a small chance of hard fork or an hard fork with consensus which has been the approach so far and I doubt any miner would even consider forking while a big part of the hashrate is not yet agreeing with them.

[Ted E. Bare]

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

Selling is risky and highly unnecessary. I for example bought all my bitcoins at $300 and never sold any. I don't have to sell because the value of my investment is increasing dramatically.

Never trust the people whom advise you to sell. They hang out on a bitcoin-dedicated forum, go figure... They are after your coins. I have friends who don't believe in bitcoin, they are not on bitcointalk.

[user27]

I'll be honest with you -- i was considering selling a portion of my coins,
expecting a crash during this period of great uncertainty, but now i'm strongly leaning
toward holding all of them.

We may still see a sell off.

But, my thoughts are as follows:

- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts.  This is VERY good news.  Even with multiple node crash bugs, BU hashrate is rising.  Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.

- Big whales already sold off a lot of coins

- Network split likely not to happen.  Core will capitulate and give the community bigger blocks or emergent consensus
because that is what people want -- even luke jr's own straw poll advocated this in the event that hashpower takes
over.  Core will save their ass even if they can't save face and at least try to remain as the "main" repo even if they
have to raise the blocksize.

- Already seeing alternate patches like Core + EC

- $1000 price now seen as support.  Dips below $1000 will be bought.  Also good timing with Chinese controls --
too late to get out now.  Only panic sellers will want to cash out at under $1000.  Big upside reward to hang
in there.

- Everyone knows there will be a huge rally after the tension is settled.  Whales will be buying back their positions.
Smaller investors too.  No one will sell.

I strongly agree with you.

Price hasn't moved much even though there is obviously a lot of negativity within the community. The price has never stayed below the level of $1000 for over a period of more than 2 days in the whole of March, which is really crazy if you think about it.

I wouldn't sell any coin either right now.

After all, bitcoin core + bitcoin unlimited value should add up to the previous bitcoin value. So it doesn't make a difference.

[shannen87]

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

Selling is risky and highly unnecessary. I for example bought all my bitcoins at $300 and never sold any. I don't have to sell because the value of my investment is increasing dramatically.

Never trust the people whom advise you to sell. They hang out on a bitcoin-dedicated forum, go figure... They are after your coins. I have friends who don't believe in bitcoin, they are not on bitcointalk.

You talk from a strong position. You were from the almost early adopters, so you dont care even if the price falls at $500 because you still are in profit. For the majority of BTC users who bought their coins from $1000+ they had to sell at $1200 and rebuy back. I was one of them. I sold all at $1200 and now I am in 33BTC worth of fiat If I buy right now.

[Searing]

Can you even get in trouble holding BTC. I have 100 BTC. BTC forks..I have 100 BTC yet (at whatever price)
I have alt equiv BTU 100 coin also.

say BTU becomes dominate....i hold that and dump out what I can from BTC and at worse I'm in the same boat
right 100 bitcoin of the winning flavor?

So no risk right? Except the  strain of all this angst etc of the bitcoin universe imloding to beanie babies or tulips that is

[lottery248]

hard fork is not even damaging the bitcoin network if according to the recent announcement said. i guess Chinese is gonna majorly monitor the bitcoin blockchain regarding the transaction to prevent money laundering, the reason bitcoin price is falling.

[1Referee]

I will be holding my coins anyway (Core and BU) in case of a fork. I have enough confidence that at some point everything will return back to normal (in terms of the price). I will just use the panic that goes through the market to trade against the volatility, and to increase my holdings in case the price falls down deep enough. I think that's the best possible way of dealing with this entire situation.

[talkbitcoin]

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

Selling is risky and highly unnecessary. I for example bought all my bitcoins at $300 and never sold any. I don't have to sell because the value of my investment is increasing dramatically.

Never trust the people whom advise you to sell. They hang out on a bitcoin-dedicated forum, go figure... They are after your coins. I have friends who don't believe in bitcoin, they are not on bitcointalk.

You talk from a strong position. You were from the almost early adopters, so you dont care even if the price falls at $500 because you still are in profit. For the majority of BTC users who bought their coins from $1000+ they had to sell at $1200 and rebuy back. I was one of them. I sold all at $1200 and now I am in 33BTC worth of fiat If I buy right now.

that doesn't make any sense!
even if you bought at $10 you would mind if price falls. profit is not just x2-x1 > 0 it is the time you let your money sleep and not touch it.

and all that aside if you really know what bitcoin is, meaning not just believe what you read on the internet, then you wouldn't care about what people say and what tiny fluctuation bitcoin may have when you are looking at the bigger picture.

what you said is true for those who are day trading. yeah if you want to buy today in order to sell tomorrow or in a week then you mind the small changes.

what if i were to tell you people were saying the same thing you are saying right now when price was $220?

[ethereumhunter]

The real question should be 'Why didn't you sold at $1200 and rebuy now at $1000 or even below coming days?'

maybe he missed that price so he don't sold it at $1200 and he can not bought at $1000. if he can sell it, i am sure that he can buy at least 2 btc and right now, he have that bitcoin in his wallet. but i think its good to not selling your coins right now because you are sure that the price will increase more higher.

[jonald_fyookball]

- Populist movement of BU means community is NOT letting Blockstream/Core get away with their agenda... In other words,
not letting them cripple the network with high fees and slow confirmation times, which would kill the utility of Bitcoin
and give the business to alts.  This is VERY good news.  Even with multiple node crash bugs, BU hashrate is rising.  Miners can see the writing
on the wall, they would rather use buggy BU than roll over for Core.

so are you implying that Blockstream/core is spamming bitcoin transactions to increase the backlog (transactions in mempool) and cause the delays and fee rise?
you know that there is the same conspiracy theory saying BU is doing the spam attack right?
 

No, i'm implying blocks are fundamentally full and there is no future for a Bitcoin that won't scale. Moreover, it must scale now before it loses marketshare,
and preferably on chain.