severaldetails
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September 11, 2017, 04:42:35 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
In past this percentage was too low as many people sell their bitcoin savings as soon as the price goes high, but with the passage of time people began to realize that holding is more beneficial than to sell. To be honest no one knows the exact percentage of the people who can resist selling their BTC on huge profit but i am sure that the percentage is increased a lot (may be about 500% but not sure) during the past couple of years. It's been proven as time passed by, is value can really increase. For those who are really into saving then we can really resist cashing out. But if were into spending when it's value increases we are tempted to spend it. Yeah. It very much depends on the nature of the investor. If he is kind of person who wastes money a lot then he can of course not resist cashing out bitcoins when they show some good pumps but wise man is never ever going to withdraw maximum bitcoins on little pumps. He is going to wait until bitcoins touch his target. Yes of course. The price of bitcoin is around 4250$.Every investor only cash out dollar only they want money in emergency. You will get huge profit only if the price of bitcoin reaches the moon or peak.It very hard to brought a Bitcoin in future. But it's possible to keep the bitcoin coin. I think it is the total amount of profit that counts. If you invest one dollar and get six dollars for it one day, you have a profit of 500%. That would be no reason to cash out for me. But if I had invested 100K and got 500K profit, things would be different.
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Zadicar
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September 11, 2017, 04:49:55 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
500% on bitcoins profits then I assume you are one of those people who bought bitcoin on the range of 800-900 usd price wayback before.If im on that state it would really hard to resist to sell your coins because you did see the profits you do gain.This would really depend on your self control and motives on hodling bitcoin.Either if you would decide to hold even more for more profits or secure as of now on the money you gained.
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bamboylee
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September 11, 2017, 04:54:41 PM |
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I would take profit with even less, say 300% profit. I know bitcoin will take a dip somehow in the future, so getting your 300% profit is already good and then I will wait for another dip to buy. Rinse and repeat for more profit.
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LuffyD.Monkey
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September 14, 2017, 10:31:06 AM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
I think people invested their money for various reasons and I think if you follow your investment plan or would I say profit plan then you can surely resist the plan to sell of your coins. All that matters is being put on achieving a particular goal.
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ekoice
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September 14, 2017, 12:01:46 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
Almost 3/4th of volume of people holding bitcoins now would sell their bitcoins since they are holding bitcoins to get huge profits.But the remaining 1/4th of bitcoin holders would still continue to hold their bitcoins despite the 500% increase in price since they consider that bitcoin deserves much more price than this and they just feel comfortable in holding their bitcoins for their brighter future.
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MMysterious
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September 14, 2017, 12:25:49 PM |
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I think people invest in bitcoin for a reason and so when they meet that percentage of course I don't think no one would want not to sell a portion of their bitcoin. I would be a hypocrite not to admit I won't sell a portion of my holdings, I am holding on to them for a reason and that reason is if bitcoin increases its price.
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Maddinson100
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September 14, 2017, 03:38:16 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
I think this has to happen based on what you already have in mind or your plans before you sold your coins and stuff like that. It doesn’t really matter what anyone says, that decision should come from my mind or heart.
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player514
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September 14, 2017, 03:47:34 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
500% on bitcoins profits then I assume you are one of those people who bought bitcoin on the range of 800-900 usd price wayback before.If im on that state it would really hard to resist to sell your coins because you did see the profits you do gain.This would really depend on your self control and motives on hodling bitcoin.Either if you would decide to hold even more for more profits or secure as of now on the money you gained. I'm in this boat. I bought when BTC was around 300. It is very hard to resist selling my coins but for some reason I feel like BTC will go back up. I don't think it's safe for me to stay in BTC but my gut is telling me to do so. I guess I'll be waiting and watching the trends for the next few days.
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September 14, 2017, 03:58:02 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
500% on bitcoins profits then I assume you are one of those people who bought bitcoin on the range of 800-900 usd price wayback before.If im on that state it would really hard to resist to sell your coins because you did see the profits you do gain.This would really depend on your self control and motives on hodling bitcoin.Either if you would decide to hold even more for more profits or secure as of now on the money you gained. I'm in this boat. I bought when BTC was around 300. It is very hard to resist selling my coins but for some reason I feel like BTC will go back up. I don't think it's safe for me to stay in BTC but my gut is telling me to do so. I guess I'll be waiting and watching the trends for the next few days. I'm also have the feeling that I might soon dump my coins because of the price going down. But I have this gut feeling that bitcoin can still go up and recover from all of this pessimism. To be honest, I just checked my wallet before login to the forum and I also dump a few but decided not to because I'm still seeing that this is just another bump that we can overcome. Although it will take some time before rebounding from all of this, but I'm positive that we can prevail at the end. Just one positive news will change everything for the better. Yeah, I guess what we can do is watch and see how it goes in the next coming days.
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slashz9
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September 14, 2017, 05:17:31 PM |
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not everyone thinks so, for example there are some people who rely on bitcoin as their main job so he used to use day to day he needed it for his living expenses, another case with people who invest his bitcoin, of course they have other jobs than bitcoin.
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micher143
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September 14, 2017, 05:45:30 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
It is hard to say because individual circumstances can vary. Now, there are times when one has to let go of his/her Bitcoin because of a need or an emergency and there are those who will continually hold on to what they got because they know that soon Bitcoin can be crashing the moon. In other words, we are becoming like speculators. Hope that it won't really got bubbled up. It is true that is hard for people to determine whether other price would de use to buy their bitcoin for big profit. Becasue most of people have different mindset in accordance to earn bitcoin and in terms of using Bitcoin as a form of investment. Yet , we could not also hide the fact that is not a bad thing to consider dealing with profit with the used of selling your Bitcoin. But it always depends on how you are going to decide.
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JTASSOCIATES
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September 14, 2017, 06:08:19 PM |
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It is purely depend upon the persons need Few/lot of people running their family with bitcoin so prediction of selling off their BTC for huge profit percentage wont be predicted at any point.
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iluvpie60
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September 14, 2017, 07:44:49 PM |
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The time to sell was last week! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hope you all did hehe. But for real here, the time to buy is soon approaching, expect the price to reach all time lows soon. China news didn't help obviously, so price went down more. ETH update coming soon end of month so prices for all coins would likely go up.
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Gozie51
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September 16, 2017, 06:28:30 AM |
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The time to sell was last week! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hope you all did hehe. But for real here, the time to buy is soon approaching, expect the price to reach all time lows soon. China news didn't help obviously, so price went down more. ETH update coming soon end of month so prices for all coins would likely go up. Sure, the time to buy currencies and cryptos are when it is low to its resistance to wait for its bullish movement. So, buying now is better rather than off loading.
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lixer
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September 17, 2017, 06:47:15 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
I really do not have a good idea what you are driving at but if I want to assume, I would say you are referring to selling your assets for profit. If you are holding for a long time, this is not the best approach except if you are a regular trader and you know what you are doing. Looking at it from the lame man angle obviously like you (no offense), What if you sell today and it keeps rising tomorrow and it never comes down back to that point you bought it again? You better just keep holding mate! and if you want to trade, there are better ways to go about it.
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GreatOrchid
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September 17, 2017, 06:52:39 PM |
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Well it is very difficult to do so, but always that i sell my bitcoins or just any other altcoins, i try it to be a round numer, like $100 - $200 - $1000 - $5000, and i am always tempted to sell my bitcoins/coins when that happens.. But maybe i am too ambicius and i always want to take my portfolio to the next level.. Maybe i love holding, who knows?
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BitcoinNational
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September 17, 2017, 07:05:12 PM |
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Every person investing in Bitcoin hopes to do huge profit. As long as you estimate having done a good operation whether you make a profit of 200% or 1000%, why not. I don't ask to all the bitcoin buyers to believe in it ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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NUFCrichard
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September 17, 2017, 07:15:11 PM |
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I have been getting antsy about about the massive prolonged price increase and haven't resisted selling some of my coins. I did it at more than $4000, so I guess in the short term it was a good decision, but I still hold a good amount, so I still hope the price rises from here.
I don't want the price to fall back to the norm, and me to have had a bit paper (blockchain) profit, without actually getting any real life advantage out of it.
I do still believe in Bitcoin, though I do have doubts sometimes, it is slow and has been very expensive to use for a while now. I want a cryptocurrency, not crpytogold.
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BartS
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September 17, 2017, 07:30:41 PM |
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What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
It is impossible to know the precise answer to that question but I will guess that more than what you think, someone that bought at 600 dollars a year ago is making a lot more than that and I think many are still holding their coins, why? Because they think bitcoins can still go a lot higher and I think they are right so when you see profits of 500% that seems like a good profits but when you think about the profits that you can still get, then 500% is nothing.
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bitbunnny
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September 17, 2017, 07:55:43 PM |
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Every Bitcoin users has different goals and wishes so not everyone would sell at the same point. Some really want to save their coins on long term but my opinion is that just holding Bitcoins without using them for anything don't lead nowhere. Depending on estimations is good to combine spending and saving, that is the only way that you can have actual use of Bitcoins.
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