WARNING: Don't get REKT just HODL

[Minecache]

A friendly warning to those with itchy fingers thinking that they can play the short game with BTC. You can't. This is the cryptosphere so all normal rules are off the table. Shorters get REKT. Hodlers get PROPHITS.

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[jacafbiz]

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

[g27wr]

Hodl for sure. I feel that playing the market at times like these is too dangerous. Buy what you can and hodl hodl hodl. You'll be happy you did in a few years, and even happier in 10.

[Quantus]

The way I see it you have 2 options sell now and wait for it to pop and buy back in as its falling like a rock or put your bitcoins in cold storage for another 4 years.

[isen]

I sold only a small percentage (less than 10%) of my Bitcoin savings, so I won't regret it in case something bad happens in the near future.
Unless you are in need of some cash immediately I don't see any reason why would you sell all your coins atm, HODL now and you will be rewarded later 

[nydiacaskey01]

Until the bull run has not slow down, then its still hodl for me. The only time that I will stat dumping some coins is if BTC settled on a price or level for quite some time. Just like what others have predicted, get as much as you can as it maybe the last time you'll see that price showing up in the board. Take a look at May 23 and May 24, BTC ended at $2,193 on May 23 and $2,291 on May 24, thats a $93 USD difference. if you dump on May 23 thats a lost opportunity there.

[Minecache]

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

I sent some BTC earlier from an exchange to my paper wallet. Confirmed in 30 mins.

[Kakmakr]

The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.

I play this game like that and it has always paid out good profits in the long run. ^smile^

[crazyivan]

There will always be weak hands.

Those who cannot understand what kind of potential they have in their BTC portfolio really should do something else outside of cryptoeconomy.
After scaling issue s been resolved, I really see no reason why this would not go to $10k per BTC in about a year time.

[Taki]

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

[Pursuer]

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

your post makes zero sense.

Chinese exchanges had a lower price than the rest of the world. the news of a possible opening for next month causes a big spike in their trading volume and the price and people are currently are buying bitcoin on Chinese exchanges. and these exchanges opening means they will start working again and that means people will deposit more to continue trading not cash out after the exchange opened, that doesn't make any sense.

[Mometaskers]

The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.

I play this game like that and it has always paid out good profits in the long run. ^smile^

You think keeping 80% is good? I mean, what if you took out 20% and it took a really long time for the plunge to happen? Do you just keep that 20% solely for buying bitcoin on the cheap later?

I've only been in this for less than 5 months and I'm quite conservative with the few bits (not even a whole btc) that I have.

Ok, let's just say I dumped a certain amount of btc in an exchange and never add any more to it. Would I still benefit from taking out 20% of it periodically while the price is still going up?

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

I guess that would be a win for those who have money left to snag the cheap coins.

[ViceOfBTC21]

The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.

I play this game like that and it has always paid out good profits in the long run. ^smile^

You think keeping 80% is good? I mean, what if you took out 20% and it took a really long time for the plunge to happen? Do you just keep that 20% solely for buying bitcoin on the cheap later?

I've only been in this for less than 5 months and I'm quite conservative with the few bits (not even a whole btc) that I have.

Ok, let's just say I dumped a certain amount of btc in an exchange and never add any more to it. Would I still benefit from taking out 20% of it periodically while the price is still going up?

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

I guess that would be a win for those who have money left to snag the cheap coins.

For example my classmates want to buy $1000 bitcoin in all orders from me buh they wait for bitcoin crash. I hope it will happen since I was happy from Mt.Gox market crash in 2014 because of cheap BTC.

[Amph]

this is true if you think that shorter don't buy back the dip after they dump, which is always the case, shorting doesn't mean selling and go away of the market, mean always buy back to have more coins to hold

in other hand if you can short well you get more profit than those that simply holding, that can not increase their bitcoin amount

[Seville]

gonna hold to the grave.. After i die, my BTC will remain 

[Sniper44]

anyone who is in bitcoin for the short term profit has not yet realized the power of bitcoin over time! these fast rises and fast falls are just temporary, the real big rise is always there in the long term.

if you are not a trader and experienced enough to make money from each dip then you have to just hold for long term. trying to play the big boys game will lead to big losses.

also on the same topic, have you seen the altcoin market, things are starting to get pretty bad with the dumps starting

[Dudeperfect]

Well I agree with that statement. However I think price will go little downwards in this week and then will jump again towards $3K. I believe that there are many factors behind this price valley including the awareness from ransom ware attack, news coverage etc. I would recommend to hold the current holdings and buy during the downfall for the long run. This is my personal opinion and might be completely wrong.

[Quantus]

WAIT WAIT WAIT GUYS... wont the alt coin markets pop before Bitcoin? They always have in the past.

Edit: didn't see the post from above. This is it guys this bubble will pop in a matter of hours

I'll see you guys on the other side. I'm holding for another 4 years

[Gregor]

WAIT WAIT WAIT GUYS... wont the alt coin markets pop before Bitcoin? They always have in the past.

And if (when) the altcoin bubble bursts, the profit takers will reallocate their profits to bitcoin.

[BTCLovingDude]

The way I see it you have 2 options sell now and wait for it to pop and buy back in as its falling like a rock or put your bitcoins in cold storage for another 4 years.

why 4 years!
are we already assuming this is 2013?
in which case there must first be a huge rise, lets see $6000 first and then go into depression over the recovery from the possible futuristic bubble.

love the picture though

[Silberman]

A friendly warning to those with itchy fingers thinking that they can play the short game with BTC. You can't. This is the cryptosphere so all normal rules are off the table. Shorters get REKT. Hodlers get PROPHITS.

This is the right advice if you don’t know what you are doing, but if you are a professional trader then earning money by shorting is a great way to make even more money since you not only make money when bitcoin goes up in value you also make money when the price goes down, so I think this is a good advice for the non traders in this forum, or for those that are still new to trading.

[rajasumi3]

Holding bitcoins would be the best choice in ur life after 10 years .Well you may think that the price of bitcoins may be high but the transactions may slow down ,but it will steadily be improved as the price hike stopped now.Well bitcoin have a higher future in 10 years.

[batang_bitcoin]

Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.

[Mometaskers]

The carrot is there with these high prices. The clever investor will sell some bitcoins to generate fiat for later and hodl the majority <80%+> to profit later. You always need to generate some fiat, to enable you to buy when the price correction have taken place and cheaper coins are available again.

I play this game like that and it has always paid out good profits in the long run. ^smile^

You think keeping 80% is good? I mean, what if you took out 20% and it took a really long time for the plunge to happen? Do you just keep that 20% solely for buying bitcoin on the cheap later?

I've only been in this for less than 5 months and I'm quite conservative with the few bits (not even a whole btc) that I have.

Ok, let's just say I dumped a certain amount of btc in an exchange and never add any more to it. Would I still benefit from taking out 20% of it periodically while the price is still going up?

So you think BTC bull run is going to last forever. I think there is no value in the current price because it is getting frustration, I sent BTC to an account yesterday and still unconfirmed, so what justify the current price increase, slow transaction and high transaction fee

Of course bitcoin will not rise forever. Soon China's government will resume bitcoin's withdrawing and I expect the price will go down after that. It's known fact that China owns the biggest bitcoin capital and I suppose people will start to cash out their money while the price is high.

I guess that would be a win for those who have money left to snag the cheap coins.

For example my classmates want to buy $1000 bitcoin in all orders from me buh they wait for bitcoin crash. I hope it will happen since I was happy from Mt.Gox market crash in 2014 because of cheap BTC.

Lucky you, I wish I had that opportunity. Oh, the things would probably be doing now I got that.

The sell price in my currency is freaking 150k now (buy is 176k). That's why I'm quite nervous. Guess I'm going to follow Kakmakr's example. I mean, if it don't crash I'd still have that money ready anyway.

Too bad for those that has weak heart, they join and ride along with the panic selling that has been started by those whales and short traders. It's proven for so many times that HODLING is the best thing to do in this type of situation. Just don't get have a weak feeling stand up and just wait, we will rise again.

I guess it's the choice of having your bitcoin intact through a crash, or selling out at peak. I still see no reason for weak hands to sell now, they can just monitor it and then only sell when it starts to go down. I did that before and instead of plunging steeply it turns out the price decrease was only a hiccup.

[lumeire]

There's nothing wrong to cashing out when you've profited and is satisfied with your money. You've gotta enjoy life too

[2double0]

I am already enjoying with my fiat at the moment with the fruitful results that I have got as a complimentary bonus for getting out at 2650 and buying back at 2360. I am a fan of bitcoins and holding few coins which I currently have in my cold storage, won't sell them unless it goes 5x the current prices.

[digaran]

I just made a new rule for myself really want to see what happens if 95% of the whole community follows the same rule.
My rule is to deposit whatever I have as spendable though and not from cold storage into an exchange or two and put order for a round price of $3000 and just waiting to see what happens, but sadly if only I do this and follow this rule it wont have any significant impact whatsoever but if the majority follows this rule as well which is a self serving working in your own favor then I want to see the reaction of the market to this.
Any body thinks that we as a community could possibly work in such an harmony to elevate the value to a whole new level?
Honestly what would they do if they see across the entire market all orders are at $3000?
I guess we lack the means to make this a reality worldwide.