Bitcoin Forum
December 14, 2024, 12:39:11 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: This is total BS. Never a good time to sell!  (Read 1758 times)
cpfreeplz (OP)
Legendary
*
Offline Offline

Activity: 966
Merit: 1042


View Profile
May 19, 2017, 04:36:35 PM
Last edit: May 19, 2017, 06:12:10 PM by cpfreeplz
 #1

Any time I go to sell my bitcoins the price goes up another 10 or 20 or 40%. So I never sell. Then they go up another 20%-40% and I still never sell. This is ridiculous! How am I supposed to sell a currency that's constantly going up in price? I've become the cheapest person in the world now thanks to bitcoins. I don't know how much more of this price increasing I can take. Bitcoins just don't work at all like fiat does. Not even close.../s
1Referee
Legendary
*
Offline Offline

Activity: 2170
Merit: 1427


View Profile
May 19, 2017, 05:11:53 PM
 #2

Don't blame yourself for not knowing what a good time is to cash out profits. In most cases it will depend on how much profit you have on paper. If you at current levels have made like 30-50% profits on paper, then it would be a decent moment to cash out some of your profits. Important is that you should never cash out everything at once. If you cash out profits, then do it in smaller batches. I always cash out like 10% of my profits at most. In certain extreme situations as now, I cashed out 15%, but that's really it. By cashing out smaller batches you don't miss out on further gains, and you will also benefit if the price happens to go down, as that will allow you to buy back at discount rates.
BartS
Sr. Member
****
Offline Offline

Activity: 980
Merit: 255


View Profile
May 19, 2017, 05:56:47 PM
 #3

Any time I go to sell my bitcoins the price goes up another 10 or 20 or 40%. So I never sell. Then they go up another 20%-40% and I still never sell. This is ridiculous! How am I supposed to sell a currency that's constantly going up in price? I've become the cheapest person in the world now thanks to bitcoins. I don't know how much more of this price increasing I can take. Bitcoins just don't work at all like fiat does. Not even close...
And why you are complaining? You are getting richer by the minute and you are complaining, accept is as fact and move on, besides it is not like bitcoin is the only one affected by this litecoin won a lot of value on the previous weeks as well so it is not like bitcoin is alone in this.
JimboToronto
Legendary
*
Offline Offline

Activity: 4228
Merit: 5023


You're never too old to think young.


View Profile
May 19, 2017, 05:58:26 PM
 #4

As you've seen, cashing out profits in fiat currencies is foolish. Keep your profits in Bitcoin.

If you have to spend your bitcoins to buy fiat currencies to buy goods or services, wait until the last moment to do so.

Selling is for fools.
slackcryptoz
Sr. Member
****
Offline Offline

Activity: 456
Merit: 250


View Profile
May 19, 2017, 06:04:09 PM
 #5

Op is much confused of the selling price. It's the mindset you have got, after few days even when price increase doesn't happen your minds tends to sell once after a price pumping. So to avoid such situation it's good to sell by fixing a target price by which selling needs to be done unlike giving consideration to price move.
siggy
Sr. Member
****
Offline Offline

Activity: 381
Merit: 250



View Profile
May 19, 2017, 06:07:21 PM
 #6

Reading this.. I really have to wonder...  did someone forget to put in the </sarcasm> tags to avoid confusion.. Huh?   Grin Grin Grin Grin
cpfreeplz (OP)
Legendary
*
Offline Offline

Activity: 966
Merit: 1042


View Profile
May 19, 2017, 06:11:54 PM
 #7

Reading this.. I really have to wonder...  did someone forget to put in the </sarcasm> tags to avoid confusion.. Huh?   Grin Grin Grin Grin

My bad. Lolol. God damn bitcoins are always going up. I have too much money now. More money more problems. Ugh. So many problems...
JimboToronto
Legendary
*
Offline Offline

Activity: 4228
Merit: 5023


You're never too old to think young.


View Profile
May 19, 2017, 06:55:26 PM
 #8

Reading this.. I really have to wonder...  did someone forget to put in the </sarcasm> tags to avoid confusion.. Huh?   Grin Grin Grin Grin


Oops. I guess my sarcasm meter is on the blink. I took the OP seriously and responded seriously.
moviebuff777
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 19, 2017, 07:17:39 PM
 #9

Any time I go to sell my bitcoins the price goes up another 10 or 20 or 40%. So I never sell. Then they go up another 20%-40% and I still never sell. This is ridiculous! How am I supposed to sell a currency that's constantly going up in price? I've become the cheapest person in the world now thanks to bitcoins. I don't know how much more of this price increasing I can take. Bitcoins just don't work at all like fiat does. Not even close.../s

I feel your pain. I think the trick is either don't sell like you said or if you do sell it, don't sell all of it. I keep thinking the price will drop but it just keeps going up.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
YoBit AirDrop $|
Get 700 YoDollars for Free!
🏆


Hero/Legendary
 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.
       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████
cryptodontus
Newbie
*
Offline Offline

Activity: 37
Merit: 0


View Profile
May 19, 2017, 07:27:45 PM
 #10

Any time I go to sell my bitcoins the price goes up another 10 or 20 or 40%. So I never sell. Then they go up another 20%-40% and I still never sell. This is ridiculous! How am I supposed to sell a currency that's constantly going up in price? I've become the cheapest person in the world now thanks to bitcoins. I don't know how much more of this price increasing I can take. Bitcoins just don't work at all like fiat does. Not even close.../s
Right?

Years ago I was thinking "Oh when we hit 2k I'll buy some land, or pay off the rest of my student loans, or travel!"
Now I'm just like: "How can I buy more Bitcoin? How can I make living expense money with my stack without converting to fiat?"

Thanks for nothing Bitcoin!
Ibian
Legendary
*
Offline Offline

Activity: 2268
Merit: 1278



View Profile
May 19, 2017, 09:37:36 PM
 #11

Don't worry. The price will eventually crater and then you will be rushing to sell.

Look inside yourself, and you will see that you are the bubble.
topper26
Full Member
***
Offline Offline

Activity: 165
Merit: 101


View Profile
May 19, 2017, 10:02:23 PM
 #12

I have thought things like I could take the family out to dinner or I could buy some more bitcoin! Bitcoin is Making me a meiser! Cheesy
kwukduck
Legendary
*
Offline Offline

Activity: 1937
Merit: 1001


View Profile
May 20, 2017, 01:31:03 AM
 #13

Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.

What we have here is a bubble about to pop very hard.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
kwukduck
Legendary
*
Offline Offline

Activity: 1937
Merit: 1001


View Profile
May 20, 2017, 01:37:58 AM
 #14

Also don't forget 2k will be a HUGE selling point from a technical investment/trading perspective.

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
European Central Bank
Legendary
*
Offline Offline

Activity: 1288
Merit: 1087



View Profile
May 20, 2017, 01:53:18 AM
 #15

Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.

What we have here is a bubble about to pop very hard.

you're so adorable. you're gonna earn a little prize from the rest of us some day.

sure, it'll fall sometime soon but this rise is taking place with everyone fully aware of what the issues are.
kwukduck
Legendary
*
Offline Offline

Activity: 1937
Merit: 1001


View Profile
May 20, 2017, 02:32:54 AM
 #16

Don't worry. You'll soon be able to sell under $1000.
We still don't have working fundamentals.
Bitcoin still doesn't scale to anywhere near the size needed to support this value.
Bitcoin doesn't offer any useable privacy.
A hardfork is very likely and will create absolute havoc within the btc economy.

What we have here is a bubble about to pop very hard.

you're so adorable. you're gonna earn a little prize from the rest of us some day.

sure, it'll fall sometime soon but this rise is taking place with everyone fully aware of what the issues are.


The majority of people is clueless on these issues, they've never heard of it.
The ones that are aware of it just have fiat dollar signs in their eyes now.

Notice something here? People don't care about bitcoin or blockchain. They care about making money in fiat.
Which is really sad and quite opposite to the vision with which this all started...

14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
RoommateAgreement
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


Bazinga!


View Profile
May 20, 2017, 02:45:50 AM
 #17

Reading this.. I really have to wonder...  did someone forget to put in the </sarcasm> tags to avoid confusion.. Huh?   Grin Grin Grin Grin
Don't worry. You'll soon be able to sell under $1000.

i am still waiting for bitcoin price to drop to $100 for about 3 years but still nothing!
ahh now i get it. kwukduck always forgets to use the </sarcasm> tags in his comments. now that makes a lot of sense Smiley

he should change his avatar to a duck holding up a sarcasm sign! or a Bazinga would also do.

Buying the dip...
White sugar
Legendary
*
Offline Offline

Activity: 1232
Merit: 1005


View Profile
May 20, 2017, 02:50:31 AM
 #18

Think about all the things you'll be able to buy in the future.

Cars, mansons, islands, countries, women, people, etc...
Pursuer
Legendary
*
Offline Offline

Activity: 1638
Merit: 1163


Where is my ring of blades...


View Profile
May 20, 2017, 03:07:21 AM
 #19

Also don't forget 2k will be a HUGE selling point from a technical investment/trading perspective.

haha, actually 2k will be a trap for you when you sell and price continues going higher and then you start FUDing again in here calling the drop to $100 and you will be forced to buy back again at $2100 and that is when they dump on you.
have fun with your selling point.

Only Bitcoin
vasrasus
Hero Member
*****
Offline Offline

Activity: 946
Merit: 500


Bcnex - The Ultimate Blockchain Trading Platform


View Profile
May 20, 2017, 03:27:13 AM
 #20

Think about all the things you'll be able to buy in the future.

Cars, mansons, islands, countries, women, people, etc...

Women is not an option to buy because they don't have price, Don't threat woman as a thing that can buy by money.
But i totally agree with you that thinking things to buy in future really helps on motivation of holding coins.

           ▄▄▄█████▄▄▄
       ▄████████▀████████▄
    ▄█████████▀   ▀█████████▄
   ████   ▄█▀       ▀█▄   ████
  █████ ▄▀    ▄▄▄▄▄    ▀▄ █████
 ██████▀   ▄███▀▀▀███▄   ▀██████
▐████▀    ██▀       ▀██    ▀████▌
████     ▐██         ██▌     ████
▐████▄    ██▄       ▄██    ▄████▌
 ██████▄   ▀███▄▄▄███▀   ▄██████
  █████ ▀▄    ▀▀▀▀▀    ▄▀ █████
   ████   ▀█▄       ▄█▀   ████
    ▀█████████▄   ▄█████████▀
       ▀████████▄████████▀
           ▀▀▀█████▀▀▀
.Bcnex.The Ultimate   ───2 Millions Orders/s───
Blockchain Trading Platform
..Follow us:..

                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀

             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀

||
LINKEDIN
MEDIUM
REDDIT


  ▸  BUY NOW  ◂   
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!