johnyj (OP)
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Activity: 1988
Merit: 1012
Beyond Imagination
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September 17, 2013, 03:14:11 AM Last edit: September 17, 2013, 10:39:55 AM by johnyj |
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In order to do an in-depth analysis of future coin supply, I want to know your cash out strategy
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derpinheimer
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Activity: 896
Merit: 1000
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September 17, 2013, 03:31:07 AM |
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I only day trade... cashing out any percent only reduces potential gains.
I wont cash out unless bitcoin
A: Has impending doom B: Has reached >$1,000.
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BitCoiner2012
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September 17, 2013, 04:48:38 AM |
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My long term strategy has no intentions of liquidating in the foreseeable future of any percentage. Coins are only liquidated if all else fails (lack of fiat/can't sell some other good in emergency), and my strategy when trading is simply to acquire more coin, regardless of USD index. Long.
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BTC Long.
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wopwop
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September 17, 2013, 09:16:52 AM |
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There are no traders here
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EFS
Staff
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Activity: 3864
Merit: 2153
Crypto Swap Exchange
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September 17, 2013, 09:21:04 AM |
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I never sell my bitcoins if I don't really need money at short time. When I get more money I collect more bitcoins. If bitcoin hit 1000$ then I start to think selling. We're not even middle of the game, there are a lot more way to go.
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adamas
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Activity: 1014
Merit: 1003
VIS ET LIBERTAS
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September 17, 2013, 09:21:50 AM |
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I will liquidate a few coins when BTC >500$
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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wopwop
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September 17, 2013, 09:22:54 AM |
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Above proves my point
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mp420
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September 17, 2013, 11:21:14 AM |
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Sold some at $192, will buy some if/when price drops low enough. I'm midterm bearish.
If, however, price shoots to the heavens (above $1200 or so), I'll cash out the rest of my coins. I'm growing bored of BTC.
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adamas
Legendary
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Activity: 1014
Merit: 1003
VIS ET LIBERTAS
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September 17, 2013, 11:28:36 AM |
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I'm growing bored of BTC.
How come?
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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MAbtc
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September 17, 2013, 05:03:13 PM |
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Got some coins I won't sell until/if we are several magnitudes above where we are. Otherwise, I'll trade 25%-100% of my funds over any given couple months and don't mind being 100% fiat when appropriate.
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johnyj (OP)
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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September 18, 2013, 12:07:42 AM |
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I also need to do a poll on custom hardware forum, there we have most of the miners
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nanobtc
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September 18, 2013, 03:53:11 AM |
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Option #10: None of the Above.
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Lennon: "free as a bird"
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mp420
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September 18, 2013, 06:57:14 AM |
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I'm growing bored of BTC.
How come? No real actual use cases emerging, sluggish technological progress, I've already cashed out plenty and not willing to risk my money on a pie in the sky project. Still holding some BTC though, and looking to buy back some more if the price drops to a reasonable level. I think this is financially rational, but it's no longer fun.
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adamas
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Activity: 1014
Merit: 1003
VIS ET LIBERTAS
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September 18, 2013, 08:55:58 AM |
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.. I think this is financially rational, but it's no longer fun.
BTC is a serious financial matter of global consequences. I didn't invest in BTC for fun. I dont expect it to be funny (i'm not a 16 y old mining freak).
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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Xiaoma
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September 19, 2013, 11:58:34 PM |
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Every week I sell everything that is not in cold storage. And then buy back, sell, buy... it is "disposable play money". If the value of BTC becomes so high that play money becomes serious money, I will move some to cold storage until it is play money again.
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johnyj (OP)
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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September 23, 2013, 01:18:46 AM Last edit: September 23, 2013, 01:33:11 AM by johnyj |
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I think that short term trading won't really affect the coin exchange rate. $1 million buy this week will raise the exchange rate by 5% and $1 million sell next week will drop the exchange rate by the same amount. Only net buy from each investor will drive the exchange rate up continuously The result from the miners are here: https://bitcointalk.org/index.php?topic=296264.0Basically it's the same result: More than half of the people would like to save the coin and spend only a little fraction of them in future This means, every year most added coin supply will be saved and disappear from circulation. They will be slowly cashed out during a long period, thus the market demand will always grow faster than supply This chart suppose that each investor buy coin only once and then cash out part of his coins every year It's clear that if they never sell more than 10% of their coins per year, the daily coin supply on market will be constantly shrinking. If the number of new investors are almost the same each year (population growth, same amount of new people join work each year), and the daily coin supply are constantly shrinking, the result is a steady rise in exchange rate
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lucas.sev
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September 23, 2013, 01:26:16 AM |
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1 million sell will cause a cascade of sells.
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johnyj (OP)
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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September 23, 2013, 01:45:58 AM |
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1 million sell will cause a cascade of sells.
This poll revealed, more than half of the coins are in the hands of long term investors, a panic sell will only psychologically affect a small part of short term traders, since these traders only hold small amount of coins, they won't affect the long term coin supply trend This is also observed clearly in this chart Although the price crashed hard from 200+ to 70 this spring, and it caused panic sell, the ask sum is still much lower than last year when there was no panic sell
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zoinky
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September 23, 2013, 03:05:41 AM |
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1 million sell will cause a cascade of sells.
Although the price crashed hard from 200+ to 70 this spring, and it caused panic sell, the ask sum is still much lower than last year when there was no panic sell Have to take in account that a lot of people have moved away from the source of this data (gox).
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derpinheimer
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Merit: 1000
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September 23, 2013, 04:39:53 AM |
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1 million sell will cause a cascade of sells.
This poll revealed, more than half of the coins are in the hands of long term investors, a panic sell will only psychologically affect a small part of short term traders, since these traders only hold small amount of coins, they won't affect the long term coin supply trend This is also observed clearly in this chart Although the price crashed hard from 200+ to 70 this spring, and it caused panic sell, the ask sum is still much lower than last year when there was no panic sell Well duh, the supply will go down as price goes up. Do you not see how the price increases as supply drops, then every time a bubble pops it shot up alongside it? This is.. expected. Bitcoin price doesnt increase from public interest AKA fiat except in a short period during the runup and after the bubbke pops; it increases from reduced supply.
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