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Author Topic: This is total BS. Never a good time to sell!  (Read 1722 times)
cpfreeplz (OP)
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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
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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
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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.
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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
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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
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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)
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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
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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
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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.

 
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cryptodontus
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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
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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.
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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
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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
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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
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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
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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
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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
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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...
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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
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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.

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