Kaiji
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Activity: 140
Merit: 100
Hoist the Colours
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July 03, 2013, 01:52:25 PM |
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People are holding because they are thinking more long term. Instead of selling for a loss now and regretting missing out on the next bubble, they are just simply going to wait out the storm.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Buffer Overflow
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Activity: 1652
Merit: 1015
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July 03, 2013, 01:52:43 PM |
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Im just curious all of you who holding coins knowig that tommorow price will be a X% smaller or even XX% smaller. This is madness...
Problem is putting them on any exchange is a risk in itself. They may suddenly go missing. |
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wojtek
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July 03, 2013, 02:09:15 PM |
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It sounds simple to sell while it is falling and rebuy at the bottom. But in practice predicting bottom is very hard. And if you miss it you are screwed (aka bear trap). This is why some people who believe it will rebound may prefer to hold.
Also when downward trend become more visible, people who hold now may decide to sell eventually.
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Jaroslaw (OP)
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supernode
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July 03, 2013, 02:12:53 PM |
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even if you miss bottom you will have more bitcoins than now  so its pure profit. If you know next weeek price will be 70$ per btc will you still hold bitcoins ? |
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dave111223
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July 03, 2013, 02:35:33 PM |
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I don't sell my long term holdings when the price goes down because I already committed to myself that I would hold them for at least 10 years, no matter what.
That way I don't sweat the price fluctuations as I'm betting on bitcoins being worth a lot *permanently* (not just a brief bubble peak) at some point in the future.
Sure I could increase my bitcoins by correctly playing the market, but I could just as easily decrease them if played incorrectly; not worth the risk, I'll just sit on what I have and wait...wait...wait...
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Jaroslaw (OP)
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Activity: 84
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supernode
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July 03, 2013, 02:36:49 PM |
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How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
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rayfloyd
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July 03, 2013, 02:40:38 PM |
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How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
How can you increase your BTC by selling at 85$ and buying back at 95$ ? Your argument only works if BTC does go down, but BTC is unpredictable, so you could profit from it, or lose from it. As someone else in the thread said earlier, for someone to win some, someone loses some. |
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dave111223
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July 03, 2013, 02:41:39 PM |
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How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
Pretty easily when it goes to $90 instead of the expected $75 |
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Zaih
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July 03, 2013, 02:42:21 PM |
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You seem devoted to trying to make the very small amount of people who actually take the speculation forum serious to sell lol
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Financisto
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July 03, 2013, 02:43:43 PM |
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Deflation is power! P.s. never thought I'd say that someday.  |
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_mr_e
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Merit: 1000
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July 03, 2013, 02:53:15 PM |
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I am holding my coins so that I can keep my investment in VTX on http://havelockinvestments.com. Buying shares in a company like that is sort of like selling my coins as the price goes down the value of the shares should go up. Yet I still get to stay in the BTC economy and VTX should have some very big news about their new merchent API that should send the shares flying so double yay for me. During the bubble I was unable to sell my coins as I had them all tied up in a number of mining funds. I have since been able to more then double the amount of coins I had so I will simply need to sit on all of them until the next price rise. No way I am selling this low when I have no idea when the next rally could start for whatever reasons. Staying in the btc economy and finding other ways to grow your coins is much more fun and rewarding then attempting to day trade and having to pay taxes on all your trades. As long as you believe in the long term growth of btc that is. |
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Qoheleth
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Spurn wild goose chases. Seek that which endures.
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July 03, 2013, 03:48:43 PM |
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Strategy.
Listen. When the price was going up, I was selling. I paced myself - a little at a time, make it so I'd never quite run out, &c.
But because I did that, I can hold as the price falls - even buy as the price falls - and still know that I'm making a profit compared to the last time we were at this pricepoint.
Sure, if I'm 100% certain that the price will move a particular way, it'd make sense to make a big trade on that certainty. The unemotional part of me feels pretty sure that the USD/BTC rate will keep falling. But I know from experience that I'm piss poor at actually knowing how the market will move. I'd rather trade on a mathematically sound system - even when it suggests weird things in the short-term - than trade on my hunches - even when they seem good in the short-term.
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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BitChick
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July 03, 2013, 03:54:00 PM |
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As soon as I sell price will definitely go up. I have learned this the hard way.  Some of us are just not talented at the selling high, buying low strategy. Of course, husband is trying to advise me to just sell what we have, count our losses and walk away because he is worried like many people are. I, on the other hand, think if there is any chance that BTC does go mainstream I do not want to live with the "Would have, should have or could have's" haunting me at that point. So I sit here with our small stash of BTC securely locked up. Besides, the amount we have really is a drop in the bucket compared to many anyways. And, if we lose it all, oh well. Our deflationary USD is losing value too. |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Hyena
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July 03, 2013, 04:00:33 PM |
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This ? holding-like-a-retard.png  This picture reminds me my 300 bitcoins  Also this is the reason I don't sell, I have them buried underground and only a treasure map can get me there. Too bad it's tattood on my butt and I'm not going to use a mirror to follow it |
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Hyena
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July 03, 2013, 04:06:15 PM |
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Actually this whole crash thing had a perfect timing because I have ran out of pocket-coins and will buy some more soon to be casually spent during the next 6 months.
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Jaroslaw (OP)
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Activity: 84
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supernode
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July 03, 2013, 04:07:06 PM |
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How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
Pretty easily when it goes to $90 instead of the expected $75 Want take a bet that we hit 70$ first ? |
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LordMeowMeow
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July 03, 2013, 04:58:33 PM |
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Not everyone is buying to speculate. Some of us are serious investors and we believe in the long-term value of Bitcoin, so we will keep holding and in some cases buying more as the price drops.
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Jaroslaw (OP)
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supernode
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July 03, 2013, 05:05:26 PM |
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Not everyone is buying to speculate. Some of us are serious investors and we believe in the long-term value of Bitcoin, so we will keep holding and in some cases buying more as the price drops.
Still selling now, and buying later on lower values make you have more bitcoins for long term so whats wrong with you people |
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rayfloyd
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July 03, 2013, 05:06:49 PM |
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How you can deacresed your BTC by sellig at 85$ and buying back at 75$ ?
Pretty easily when it goes to $90 instead of the expected $75 Want take a bet that we hit 70$ first ? I fucking hate your avatar. But I have nothing against the real guy. Also the number of ignores you seem to have tells me much people agree you're an idiot |
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Buffer Overflow
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July 03, 2013, 05:08:26 PM |
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Not everyone is buying to speculate. Some of us are serious investors and we believe in the long-term value of Bitcoin, so we will keep holding and in some cases buying more as the price drops.
Still selling now, and buying later on lower values make you have more bitcoins for long term so whats wrong with you people Where do you hold the flat when you sell? On an exchange? No thanks, might go mysteriously missing. |
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