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Author Topic: Nice ride but i'm dumping  (Read 1797 times)
dothebeats
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September 21, 2017, 01:52:27 PM
 #21

I see no issues. China rumors has already subsided, Roger Ver is again trying to lure others into buying his bags, and yourself wanting more money is not other people's problem. You can dump, it's your freedom and it's your money, but to us here there seems to be no issue at all—not that we refuse to look for deeper meanings but really there isn't even one. November might cause a dip, but not that bad to throw our bags just because you told us so.

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.HUGE.
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September 21, 2017, 02:10:56 PM
 #22

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





You have great points there mate, can really make a bitcoin lover think twice. But you see my friend, the unpredictability of bitcoin is what drives many bitcoin lovers like me to continue loving the coin and more. The thrills I get from the game is really something I cannot explain but at the same time, i cannot stop. I have never felt like this towards anything before and so I am sticking into it. If i lose my investments, then so be it. I don't care im going all in with this trip. Not just because of the thrill, but also because bitcoin has already proven itself worthy to gamble with. It has overcome many things in the past already and came out better every songle time. You say your afraid of the fork, i say i want it to happen already. And about china? Lol. If i have learnt something from the past, it is that if china bans something, invest on that something. Haha. And your fourth reason may be the only one that pushes your gut more than other points you have said.

Sadly, on your first reason, i cannot say anything. Because I ain't no tech expert. So i am just trusting this gut feeling i have. Just like you.

But anyways, we all have our own minds and believe what we wamt to believe in. So good luck to all of us, and i hope we all make right decisions. And if not, at least be happy that we stood strong with what we believed in.

Cheers mate.
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September 21, 2017, 02:51:51 PM
 #23

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




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Pearls Before Swine
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September 21, 2017, 02:55:02 PM
 #24

OP don't listen to these flamers.  I don't blame you for selling.
Even the most hardcore bitcoin enthusiasts need cash money
sometimes, so buy yourself something nice. Something tangible.
I'm not entirely sure if you'll have an opportunity to get back in at
the price you said, but you can always get back in at some price.
You made a profit and that's all that really matters.
harizen
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September 21, 2017, 02:59:49 PM
 #25

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?

If it it will be a good or bad decision, we don't know since the result will be seen later on.

You have your own set of things that were considered that's why you made up a decision like that. It doesn't came up from nowhere but you made it based on your analyzation and literally on what you see. At the end of the day, that is your own precious coins after all so do what you want freely without a doubt.

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September 21, 2017, 03:03:49 PM
 #26


You don't seem very bright considering you said you would buy back BCash instead of the real Bitcoin, BCash being a joke coin with a dead github and a dead blockchain that ironically can't even fill 100 bytes of transactions, but i'll byte:

1. Roger Ver is a clown. We've had XT, Classic, Unlimited, Cash.. the list goes on. All altforks will fail and never will dethrone the real bitcoin. Segwit2x will join this list.



Actually I think you are wrong about bitcoincash and OP is right.

Japanese financial company SBI has been giving a talk to a fintech conference, and here is what the CEO had to say:

https://mobile.twitter.com/ethxcc/status/910706407401328640

Quote
1/
He made SBI Crypto before BCH fork. He will take 30% share in BCH mining.

2/
He thinks "8MB" block will the determining factor for the dominance over the others.

That's bullish for BitcoinCash

 
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ekoice
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September 21, 2017, 03:35:59 PM
 #27

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




You don't seem very bright considering you said you would buy back BCash instead of the real Bitcoin, BCash being a joke coin with a dead github and a dead blockchain that ironically can't even fill 100 bytes of transactions, but i'll byte:

1. Roger Ver is a clown. We've had XT, Classic, Unlimited, Cash.. the list goes on. All altforks will fail and never will dethrone the real bitcoin. Segwit2x will join this list.

2. Segwit2x is a scam and will get nowhere:
https://medium.com/@WhalePanda/segwit2x-the-broken-agreement-e9035a453c05

3. China FUD is already priced in. They have nothing else to FUD with after the ban.

4. That's your decision.

5. Whatever you say, but don't buy a shitcoin instead of BTC when you want to get back in.

On reading your post,i could understand that you have analyzed very well bitcoin.China's drama has already ended.Bitcoin has proven that its no more in need of china.Roger ver is an antichrist of bitcoin and his decisions should not be taken in to consideration for our plans.The only thing that i could not understand is that how you have decided to buy BCH,a shitcoin instead of bitcoin.BCH is only alive since it is being pumped and dumped by some big whales for some quick profits.
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September 21, 2017, 04:33:06 PM
 #28

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




You don't seem very bright considering you said you would buy back BCash instead of the real Bitcoin, BCash being a joke coin with a dead github and a dead blockchain that ironically can't even fill 100 bytes of transactions, but i'll byte:

1. Roger Ver is a clown. We've had XT, Classic, Unlimited, Cash.. the list goes on. All altforks will fail and never will dethrone the real bitcoin. Segwit2x will join this list.

2. Segwit2x is a scam and will get nowhere:
https://medium.com/@WhalePanda/segwit2x-the-broken-agreement-e9035a453c05

3. China FUD is already priced in. They have nothing else to FUD with after the ban.

4. That's your decision.

5. Whatever you say, but don't buy a shitcoin instead of BTC when you want to get back in.

On reading your post,i could understand that you have analyzed very well bitcoin.China's drama has already ended.Bitcoin has proven that its no more in need of china.Roger ver is an antichrist of bitcoin and his decisions should not be taken in to consideration for our plans.The only thing that i could not understand is that how you have decided to buy BCH,a shitcoin instead of bitcoin.BCH is only alive since it is being pumped and dumped by some big whales for some quick profits.
BCH is just really good for short term trading and i cant see any reason to hold it up for long term purpose because this is just an another altcoin in the market which even really considered as a resemblance on bitcoin itself.China did really make some effects but as we saw bitcoins price did recover up somehow this signifies that it has a strong support from the community which cant easily be beaten up.

R


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BitMaxz
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September 21, 2017, 04:53:25 PM
 #29

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




You don't seem very bright considering you said you would buy back BCash instead of the real Bitcoin, BCash being a joke coin with a dead github and a dead blockchain that ironically can't even fill 100 bytes of transactions, but i'll byte:

1. Roger Ver is a clown. We've had XT, Classic, Unlimited, Cash.. the list goes on. All altforks will fail and never will dethrone the real bitcoin. Segwit2x will join this list.

2. Segwit2x is a scam and will get nowhere:
https://medium.com/@WhalePanda/segwit2x-the-broken-agreement-e9035a453c05

3. China FUD is already priced in. They have nothing else to FUD with after the ban.

4. That's your decision.

5. Whatever you say, but don't buy a shitcoin instead of BTC when you want to get back in.

On reading your post,i could understand that you have analyzed very well bitcoin.China's drama has already ended.Bitcoin has proven that its no more in need of china.Roger ver is an antichrist of bitcoin and his decisions should not be taken in to consideration for our plans.The only thing that i could not understand is that how you have decided to buy BCH,a shitcoin instead of bitcoin.BCH is only alive since it is being pumped and dumped by some big whales for some quick profits.
How you honestly describe a shitcoin.? i think bitcoin cash is not a shitcoin its just a hard fork of bitcoin its not just like the other ICO and other altcoin was created just to make a sales and getting more money and then they run and become not active to develop the coin.
For me there are developers that i think bitcoin cash can be develop but we will expect of some weaknesses of this altcoin since its not yet tested if there is a lot of people using bitcoin cash.. that is why other people are choosing bitcoin to stay and few in BCH. .

For now we are getting weak demand and anytime soon the price can be slowly decrease back again.. but the trends are keep increasing back again..

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panju1
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September 21, 2017, 05:59:38 PM
 #30

It definitely is an acceptable decision considering that
1) you are only selling some of your Bitcoin
2) Bitcoin has a fabulous run this year
3) there are uncertainties which you have pointed out.

It always is good to monetize your profits and enjoy the fruits of your labour.
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September 21, 2017, 07:47:18 PM
 #31

Hopefully you sold them off yesterday or earlier today.  Prices have dumped a bit after being "stable" for a few days. Dropped $374 last 24 hours.   I just started buying  in the last week and I bought when it was at 4K.  Not a lot just a couple but still.  I see it as an opportunity to buy more. I'll hold what I have and try to buy a little more during the dip if I can. 

OP you mentioned making the mistake of holding in 2011 and 2013 .... If you had held them until today seems like those were really good decisions not bad ones. 
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September 21, 2017, 08:41:19 PM
Last edit: September 21, 2017, 09:14:26 PM by Fajman
 #32

Hopefully you sold them off yesterday or earlier today.  Prices have dumped a bit after being "stable" for a few days. Dropped $374 last 24 hours.   I just started buying  in the last week and I bought when it was at 4K.  Not a lot just a couple but still.  I see it as an opportunity to buy more. I'll hold what I have and try to buy a little more during the dip if I can.  

OP you mentioned making the mistake of holding in 2011 and 2013 .... If you had held them until today seems like those were really good decisions not bad ones.  

I got in at 4K early in the week Smiley Back in 2011 when you ran your computer (with a half decent GPU) for a couple of days and got a 50 BTC hit and you can sell it for $30... your laughing. When it goes to $20 per BTC, it was already considered 'to da moon', it's hard to hold on and not take profit over the years... that's another reason i like btc because it's been diluted over the years as many people get in/out.

With regard to the BCH debate in other posts... I'm not a BCH enthusiast (it would be more of a punt), rather I've changed my long held optimistic opinions on BTC legacy.

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September 21, 2017, 11:36:19 PM
Last edit: September 22, 2017, 03:31:16 AM by Rahar02
 #33

Yes, there are some events that will cause another dump of bitcoin.
Current price of bitcoin is $3610 and keep declining, even China still not ban bitcoin mining pools but market over react to this problem.
There are more good news about bitcoin development such as in Japan and Russia, but people don't care about that and their eyes are on China, waiting a sign to sell off bitcoin immediately.
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September 22, 2017, 12:26:35 AM
 #34

Yeah bitcoin got so many things to deal, but I will stay with btc, I believe bitcoin can pass through all of that and will comeback stronger than before, and I understand the enthusiasm you got from BCH, BCH is a famous coin that say can replace bitcoin in the future, but I don't really interested in BCH, I dont see BCh as a long term investment coin
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September 22, 2017, 12:34:58 AM
 #35

since 2x seems to be abandoned, I can only say this make BCH argument stronger. There is no reason for core not to at least 2x. The HD and bandwith space is clearly there, it does lower fees, and provides the end user options.

The BCH network has not imploded nor has the software failed as many predicted. Core are left without excuse as why to not entertain a blocksize increase.

Or at least I am yet to hear a cogent reason post facto BCH.

Admitted Practicing Lawyer::BTC/Crypto Specialist. B.Engineering/B.Laws

https://www.binance.com/?ref=10062065
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September 22, 2017, 01:35:09 AM
 #36

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




I get what you're saying and there is nothing wrong with getting out if it's best for you, but I'm going to stick it out for the long haul. I think Bitcoin still has a lot of potential to make big gains in the future and I'm willing to make a long term investment. The road could be bumpy at times but overall the price of Bitcoin has made huge gains over the last year. I just think we are still at the early stages of Bitcoin's development as a mainstream currency and investment.
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September 22, 2017, 01:41:36 AM
 #37

I always thought of the same thing, give up on BTC and never look back because I lost some money trading BTC and Altcoin but I thought giving up will not bring back what I have lost, so instead I do my research, try to be careful on all my moves and always stay on the safe side. It sucks to see how much I lost but I love to see how much I started to gain back slowly.
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September 22, 2017, 01:47:50 AM
 #38

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
1. LOLOLOLLOLOL Just look at bitcoin now and bitcoin cash, who have a better community support?
2. Alt coins of Bitcoin after the split of whatsoever will not kill bitcoin, always . remember. that!
3. China isn't the one who controls the whole Bitcoin system. ALWAYS . REMEMBER. THAT!
4. K.
5. BAD DECISION.
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September 22, 2017, 01:55:41 AM
 #39

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




I get what you're saying and there is nothing wrong with getting out if it's best for you, but I'm going to stick it out for the long haul. I think Bitcoin still has a lot of potential to make big gains in the future and I'm willing to make a long term investment. The road could be bumpy at times but overall the price of Bitcoin has made huge gains over the last year. I just think we are still at the early stages of Bitcoin's development as a mainstream currency and investment.

EXACTLY!. Bitcoin is not yet on it's "stable" stage it's still on it's infant stage, yet some people is luring out people to jump out to bitcoin and jump in into the split coins of bitcoin for their OWN BENEFIT. Lol. They should know Who got the support better, it is bitcoin or bitcoin cash, As For me, i will still stick out and still believe on what bitcoin can offer for the future change and development.
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September 22, 2017, 03:02:44 AM
 #40

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.

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