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Author Topic: If Bitcoins dropped to $9.50, would you sell everything?  (Read 2787 times)
imperi
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July 09, 2011, 02:29:19 PM
 #21

Some people here believe the true value of Bitcoins is under $5, and if the inflationary wall at $10 could be breached then it would plummet further. Basically would you sell everything to save what little value you have left?
And how would you determine the 'true value'?

It would be based on economic activity not counting speculation (according to them).
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July 09, 2011, 06:12:22 PM
 #22

Why would you sell because the price dropped?  That is the way poor people think.

When the price drops, I trade stuff for BTC and use the $ in my account to buy more.  When the price rises, I buy stuff with BTC and sell the coins in my account.  That is how you get more $ & BTC.  I thought this was common sense...

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iopq
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July 09, 2011, 06:26:29 PM
 #23

[rule]:  never sell at a loss and never gamble what you cant lose.

i wont sell at anything less than 10% profit after fees.  at which point, everything (profit included) gets re invested at a lower price, restarting the cycle. 

i havent panic sold yet, and i refuse to.....







I wish I had panic sold at $24
Jalum
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July 09, 2011, 06:45:57 PM
 #24


Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*

triforcelink
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July 09, 2011, 09:31:51 PM
 #25


Yay a thread of bagholders.  You guys are the fuel that keeps the machine going.

*salute*
yea? and??? you are the fuel that keeps the dollar machine going. Do you hold any gold or silver? Because if you do, you keep the precious metal machine going! A good idea means NOTHING if there is no one supporting it.

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