Nice ride but i'm dumping

[jtipt]

I believe Bitcoin is in Bubble, a bubble that might explode very soon. I already sold my BTC to $USDT, but I will never shift to BCH no matter will happen. This is just a manipulation of associated whales to discredit Bitcoin (BTC) in the hardfork, so everyone would drop BTC, so whales could buy them all at the very low price.

In this time of uncertainty, this is a test who are the one's who really trusted bitcoin enough and stay in the game.
Why all are chanting, if OP did that then it's fine, it's his life but one thing is for sure that one day he'll regret what he did. Let's OP learn the lesson from it.
Hardfork in November and China banning exchanges are only the challenges that btc will face, yes it's value will surely be affected and hovering slowly. But I'm too confident that after these bitcoin will let us taste the moon again.

Another hard fork in November will definitely hurt bitcoin if that happens. But honestly speaking BTC survived one hard fork why can't it survive another and continue its up trend? I still believe it will reach moon, I am continuing HODLing no matter what FUD arises.

[1715018359]

1715018359

[Armstand]

I believe Bitcoin is in Bubble, a bubble that might explode very soon. I already sold my BTC to $USDT, but I will never shift to BCH no matter will happen. This is just a manipulation of associated whales to discredit Bitcoin (BTC) in the hardfork, so everyone would drop BTC, so whales could buy them all at the very low price.

In this time of uncertainty, this is a test who are the one's who really trusted bitcoin enough and stay in the game.
Why all are chanting, if OP did that then it's fine, it's his life but one thing is for sure that one day he'll regret what he did. Let's OP learn the lesson from it.
Hardfork in November and China banning exchanges are only the challenges that btc will face, yes it's value will surely be affected and hovering slowly. But I'm too confident that after these bitcoin will let us taste the moon again.

Another hard fork in November will definitely hurt bitcoin if that happens. But honestly speaking BTC survived one hard fork why can't it survive another and continue its up trend? I still believe it will reach moon, I am continuing HODLing no matter what FUD arises.

Too much FUD for those who want btc to dips again, I will also keep mine and maybe buy some when wveryone gets panic again before November, just hope it will recover and rise on December.

[8270thNinja]

I believe Bitcoin is in Bubble, a bubble that might explode very soon. I already sold my BTC to $USDT, but I will never shift to BCH no matter will happen. This is just a manipulation of associated whales to discredit Bitcoin (BTC) in the hardfork, so everyone would drop BTC, so whales could buy them all at the very low price.

Well I've ridden many waves with BTC (yes check my bitcointalk account joining date) but have recently sold down (not completely out).

Here's my reasoning.
1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) .

2. The uncertainty in November with another fork. I'm guessing it won't go smoothly but difficult to know what will happen.

3. The china issues... there's enough threads on it but difficult to tell which way it will go in the long run.

4. I wanted some money, always comes in handy 

5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so.

If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November.

good/bad decision?

Goodluck,
The Fajman

Lol an actual hypocrite who says that bitcoin is a bubble and yet joined a sig campaign for bitcoin as a payment. Lol
It could explote but it will regain it's price again.
Price correction etc.
It is not a bubble like tulip mania, take note of that.

[Andre#]

I believe Bitcoin is in Bubble, a bubble that might explode very soon. I already sold my BTC to $USDT, but I will never shift to BCH no matter will happen. This is just a manipulation of associated whales to discredit Bitcoin (BTC) in the hardfork, so everyone would drop BTC, so whales could buy them all at the very low price.

In this time of uncertainty, this is a test who are the one's who really trusted bitcoin enough and stay in the game.
Why all are chanting, if OP did that then it's fine, it's his life but one thing is for sure that one day he'll regret what he did. Let's OP learn the lesson from it.
Hardfork in November and China banning exchanges are only the challenges that btc will face, yes it's value will surely be affected and hovering slowly. But I'm too confident that after these bitcoin will let us taste the moon again.

Another hard fork in November will definitely hurt bitcoin if that happens. But honestly speaking BTC survived one hard fork why can't it survive another and continue its up trend? I still believe it will reach moon, I am continuing HODLing no matter what FUD arises.

Too much FUD for those who want btc to dips again, I will also keep mine and maybe buy some when wveryone gets panic again before November, just hope it will recover and rise on December.

If Bitcoin can not recover after dump in November, do you ready with this situation?
All scenarios can changes any time, you need prepare some backup ways to avoid lose all your money.

[Siren]

I believe Bitcoin is in Bubble, a bubble that might explode very soon. I already sold my BTC to $USDT, but I will never shift to BCH no matter will happen. This is just a manipulation of associated whales to discredit Bitcoin (BTC) in the hardfork, so everyone would drop BTC, so whales could buy them all at the very low price.

In this time of uncertainty, this is a test who are the one's who really trusted bitcoin enough and stay in the game.
Why all are chanting, if OP did that then it's fine, it's his life but one thing is for sure that one day he'll regret what he did. Let's OP learn the lesson from it.
Hardfork in November and China banning exchanges are only the challenges that btc will face, yes it's value will surely be affected and hovering slowly. But I'm too confident that after these bitcoin will let us taste the moon again.

Another hard fork in November will definitely hurt bitcoin if that happens. But honestly speaking BTC survived one hard fork why can't it survive another and continue its up trend? I still believe it will reach moon, I am continuing HODLing no matter what FUD arises.

Too much FUD for those who want btc to dips again, I will also keep mine and maybe buy some when wveryone gets panic again before November, just hope it will recover and rise on December.

If Bitcoin can not recover after dump in November, do you ready with this situation?
All scenarios can changes any time, you need prepare some backup ways to avoid lose all your money.

If you are a long time investor or you are in for the long haul, I don't think you will worry and nervous because the price just plummeted. But for those traders who are in for shorting they will be disappointed but I'm sure that have a backup plan in order to mitigate their risk. Only weak hands dump and sell their coins during panic and they know nothing about backup plan either. But it seems that OP is a short day trading that's why he jump and exited because he is afraid to lose his invested in case the price goes down once more.

[maokoto]

I do not think price goes below 2000$, but even if so, I would hold.

I entered BTC late (early 2015 I think), and all that I have is earned at a price much much lower than even 1200 (in fact, when it reached that high I thought I was very blessed), so going down till a point above that does not affect me much.

And for China, forks and all... we have had similar things (Fall of cryptsy, the gavin andersen and mike hearn vs. core discussion, and others) and Bitcoin went on and got stronger.

[GreatOrchid]

Maybe you are right with your thoughts, but it is true that we are in a giant bubble, but nobody knows when will it explode, or if bitcoin will just continue rising to an uncertainly price. But i dont know, we can expect a lot of things from all that involves cryptocurrencies. I would not dump my bitcoins, i will wait for a massive signal to drop them, i am fine with the price now.

[Wilhelm]

The Fajman follow your gut and stick to your own plan, everyone in here should have a plan.
If you want out that's your choice and I support your decision. I hope you had a good ride and made some good money on it.

Yes Bitcoin is going into a new phase where we are pushing the scalability boundaries.
Forks are not the most best feature and certainly doesn't help.
I still believe in Bitcoin but have an exit strategy as well but it's slightly more down the line

Good Luck!

[1Referee]

Maybe you are right with your thoughts, but it is true that we are in a giant bubble, but nobody knows when will it explode, or if bitcoin will just continue rising to an uncertainly price.

Giant bubble? If we had to believe a lot of the doom thinkers here, and the self claimed experts, the market was growing into a massive bubble before we even managed to hit the $1000 level again at the beginning of this year. Bitcoin is a tiny dot in the financial world, and it has proven that a relatively small surge in the adoption can get the price to go up significantly. If you think this is a giant bubble, wait for the day that institutions are going to use Bitcoin as their 'toy' - you'll see the largest ever bubble, which from that point will continue to swell.

[ragnar0k]

ROFL - I like how there is people saying BC is in a bubble when it is 50% over the mean and NASDAQ composites is perfectly OK being over 70% from the mean.
...And if Bitcoin falls in the worst bearish market ever, nobody cares (except poor bastards like us), while we know what happens if NASDAQ falls

Besides, while the investors in NASDAQ are more or less stable, BC growth is exponential, and so should be the mean

Go figure!

[jubalix]

1. The Roger Ver vs Core discussions - I think he's right and would rather move to BCH than stay in BTC (this was nice watching https://www.youtube.com/watch?v=3R8ckM-TDHI). I get some of Cores arguments but it took way too long for me to move coins recently (and I paid a 'high priority' fee)... and that's just a crap user experience that i wouldn't get with other coins. I've been in application development for approx 20 years and have seen many discussions between tech geeks and business users... this just seems like another variant. Personality wise the core team seem very geeky (just look at the photos) and I'm guessing they all share very similar personality traits so they fail to see or identify with a diverse range of opinions (disclaimer - i don't know them personally so i may be wrong) .

increasing the block size never solves anything. increasing the block size like this not only never solves anything but creates a lot more potential issues.
by the way taking too long to move coins and paying high fees issues are not solved by increasing block size to 8MB. they are solved on BCH because nobody uses it! the blocks are empty with a handful of tx. obviously you always have a place on an empty block the same way you have it on any other altcoin like Doge for example!

in case people did really switch to BCH and it was used to a point where blocks were nearly full, a simple spam attack (the same we have on bitcoin) can fill the blocks and we will be where we started. high fees and delays. and that is when blockchain size is being increased 8 times more than before:
bitcoin: 52,560 MB per year
bitcoin cash: 420,480 MB per year




will you be running a full node that is 200 GB or 2000 GB?

there is no such thing as spam on the blockchain. transaction pay the fee that's it. make the block 8x bigger 1/4 the fee, and you are going to make it twice as expensive to "spam" you soon going to suck up all the "spammers" funds in this manner.

also 420 GB less than 1TB, 10TB is not that expensive to buy now, so what's the issue?

[eaLiTy]

I do not think price goes below 2000$, but even if so, I would hold.

I entered BTC late (early 2015 I think), and all that I have is earned at a price much much lower than even 1200 (in fact, when it reached that high I thought I was very blessed), so going down till a point above that does not affect me much.

And for China, forks and all... we have had similar things (Fall of cryptsy, the gavin andersen and mike hearn vs. core discussion, and others) and Bitcoin went on and got stronger.

With the current market i really do not think that the price would fall below $2000 unless there is a real bad news regarding bitcoin and not about some country banning its exchange and alt coin market. As the OP said ,he got profit and he is wise enough to sell off his coins for now,as long as you are in profit ,it is a good decision and if you are certain that we will see another rally then you can purchase that again to ride the rally and make some profit,which i usually does after the price crossed $1000.

[magneto]

This is entirely your choice and nobody can and should influence your decision on it. However this is what I think:

Prices probably not going to fall below $2,000 even weather November hard fork, and people are uncertain. We have a lot of support at the 3000 level already, to breach 2000 would  need some major factors being irrational and dumping when they are panicking.

 however the price is a lot of room to grow in both this month and the coming months I believe that we will first recover to $4,000 per Bitcoin and potentially more.  but as you said you needed the cash,  and the price is still decently high so it's not a bad decision at all.

[Despacito]

You're from 2011 and you claim BCH trash will be important in the future. And you're totally out of the bitcoin market. This is not normal sir. You should have adopted it much better.

At least, don't mention about BCH garbage.

[cafucafucafu]

Well at least you didn't panic dump when the price was at sub $3000 levels, so even though you are taking home a lower amount that you could be taking right now it is still a pretty good deal especially if you bought into bitcoin early enough anyways.

I beileve that we're going to go up to more than $4000 again next month because the bullishness seems to be back.

Personally, i'll be dumping 50% when the price hits more than $4000 and another 25% when the price hits $4500. There is still fuel left in the tank for the upwards direction this year imo.

[HabBear]

4. I wanted some money, always comes in handy 

Damn, man. You had money. Bitcoin is money. I hope you have something to spend it on, because now this money in fiat is definitely losing value every day...the clock is ticking.

5. My gut feel - Since inception BTC has always followed a trend of a really high jump in price, followed by a few dead cats bouncing, followed by carnage... which i believe is still to come in the next month or so.

This is the best reason to make a move. If you're not feeling it in your gut, you should unload. The challenge I have is that we haven't seen a dead cat bounce all year and you're worried because you think one is coming? Why? A shake out is good for future growth.

If BTC drops to less that 2K, i might buy back in... but I'll probably only buy BCH or see what other BTC fork comes out of November.

Great to hear this.

Buying decisions are so hard when based on price. I remember the summer of 2015 when the price had fallen back to the low $200s. I loaded up a bit, but not as much as I could have. I think now "what was I thinking?!" Why wasn't I buying more. And of course Ether is in the same territory and I totally think it's too high to buy, but today with Ether is no different than 2015 with Bitcoin.

It's hard to make sense of it. Hindsight is a mother fucker.

Well, thanks for sharing your story. Good luck to you. I hope there's some "fuck you" spending earmarked for your wallet-free stash.