[Discussion] Shocked positive increased of bitcoin,take it and run or just stay?

[Sulwan2612]

Hallo guys...  


Just want to share an information and may be we can make a little discussion about the latest Issue about our lovely bitcoin.
last week or last Friday exactly..  as we know there was a positive shocked about bitcoin price. I.ve just read a news on www.cnbc.com and it's also talk about it
here is a little part of the news.
"Bitcoin climbed again on Friday, reaching its highest since late March.
The cryptocurrency briefly rose more than 6.5 percent over the last 24 hours to a high of $8,204, its highest in more than two weeks, according to Coinbase.
Bitcoin traded near $8,085 as of 4:07 p.m. ET Friday, up 18.2 percent for the week."

and here is the link :
https://www.cnbc.com/2018/04/13/bitcoin-jumps-above-8000-bringing-gains-this-week-to-more-than-18-percent.html

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

thanks

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[zenrol28]

Why would I sell back my bitcoins to fiat again? I'm a believer of BTC and i'll just go buy more until the day comes that everything can be bought with it. I don't care with this roller coaster ride of BTC.

[franky1]

if everyone would please stop getting shocked about 1%-15% price movements
this is normal.

take fiat last year and the year before that
US$  GB£   165-150 (15%)  most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..

US$  GB£   165-135 (30%)  most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news

in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..

so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.

[eminemcookie]

if everyone would please stop getting shocked about 1%-15% price movements
this is normal.

take fiat last year and the year before that
US$  GB£   165-150 (15%)  most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..

US$  GB£   165-135 (30%)  most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news

in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..

so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.

Bitcoin is very different to these currencies in that it is intended to be a global currency. You can argue one way or the other what that should mean for people's perceptions on volatility but there's definitely a difference to more traditional one country currencies. I think the key point you were trying to get at but slightly missed is that bitcoin price in FIAT is not relevant if it is to be used properly. If the £ increases 20% versus the dollar, it doesn't buy you 20% more bread in the UK and that is what most people care about. The same can be true for bitcoin if it reaches its true potential. x amount of BTC will be worth x amount of some relevant good, the price in FIAT will become obsolete.

[nelson4lov]

It's a tough call to make. Bitcoin was at $6500 around this time last week so the current price of $8050 represents an increase of over $1500. What I'm planning to do is to hedge some of my funds into usdt since a lot of people in the community seems to be of the opinion that bitcoin would drop prior to the tax day tomorrow. So I'm not looking to leave money on the trade. I might sell and buy back in if bitcoin just dips before or after the tax submission period is over. But it's uncertain for now.

[jagdeepjd]

I am holding my bitcoins for long term atleast till 2020. So this spike feels good but i am still holding my coins.
But yeah who knows we can't guarantee this rise to be the start of next bull run so taking some profits could be a good idea too( but very risky as if it does not dip and just goes parabolic).

[Reid]

Hold it. That is my goal ever since I lost some of my bitcoin from trading and also cash out.
Since I have recovered from being broke and had enough money to buy back I never thought about cashing out again.

I just don't want to regret the same mistake I have done before. Imagine how much we did sell in times where bitcoin is just 3 digit. That is a waste for me and I never want to feel that moment again of such great regret.

[thefaucetrunner]

if everyone would please stop getting shocked about 1%-15% price movements
this is normal.

take fiat last year and the year before that
US$  GB£   165-150 (15%)  most brits do not even care/notice. half of media do not make a big deal
by this i mean cisitizens dont care but some media report it but its not the main story of the day..

US$  GB£   165-135 (30%)  most brits do not even care/notice. most media reported that it was due to brexit.. even when the truth is it was related to shifts in the IMF's sdr
.
by this i mean cisitizens dont care but many media reported, but couldnt explain the real reason and thus they FUD it to link to other controversial stories that are happening to try and make it into bigger news

in the end.. people still buy bread. milk toilet paper.. the world didnt end when fiat moved 30% last year..

so lets do the same with bitcoin and not care when prices move 1%-15%, just treat it like normal trading waves.

I agree, this is just how markets work. Bitcoin is so sensitive to media attention and the coverage is so sensationalistic--which makes the market even more volatile.

[btyco]

Just stay and hodl, you are mad to do anything else right now. The bull run is just about to begin so selling now is just crazytalk. Give it a few months and you will see

[jpespa]

I will definitely stay and hold my bitcoin because I believe in bitcoins ability to increase its price again. What if instead of going down instead of going up? Then I will just buy more bitcoin because I know that is my opportunity for upcoming increase in bitcoin price again.

[franky1]

Bitcoin is very different to these currencies in that it is intended to be a global currency. You can argue one way or the other what that should mean for people's perceptions on volatility but there's definitely a difference to more traditional one country currencies. I think the key point you were trying to get at but slightly missed is that bitcoin price in FIAT is not relevant if it is to be used properly. If the £ increases 20% versus the dollar, it doesn't buy you 20% more bread in the UK and that is what most people care about. The same can be true for bitcoin if it reaches its true potential. x amount of BTC will be worth x amount of some relevant good, the price in FIAT will become obsolete.

i didnt miss the point at all
even since i started in 2012 i had the notion that measuring bitcoin to the dollar is a failure

i have said many times over the years of this forum that if bitcoin was measured as a cost of living index the volatility would not be noticable even if the FIAT valuations jumped 15-30%

so if we take away the bitcoin<->$£ valuation and instead replace it for a btc<->'COL'(cost of living index).. or to put it simply 1btc=10,000 loaves of bread..

imagine a common measure that can be used in all countries.
now here is the idea
imagine cost of living was a measure of minimum wage of whatever counntry yo were in multiplied by 40.
this would give you an estimate of your native cost of living.
now imagine that for instance instead of a dollar reference, we simply had buy and sell orders based against that measure.
thus right now bitcoin is about 1.5 'col'

my notion is forget fiat pricing.
if we measured things against cost of living where say right now no matter where in the world you lived 1btc was worth
8000 loaves of bread or 1100 hours of minimum wage

th markets would all act differently

it can change the world of economics and people will start to see that its FIAT that volatile
you would start to see people arbitrage the FIAT to get better deals of bitcoin.. rather than arbitrage bitcoin to get better deals in fiat
thus by switching the direction of arbitrage between the different FIATS to get bitcoin.. the end result would be that everyone could earn the same thing and buy th sam thing around the world.

i even remember mentioning the disparity between states of america.. where today 1btc is worth 1100 minimum wage hours in on state.. while right now in another state 1btc is worth ~550 minimum wage hours..
think about it.. if you lived in a state that offered $7.50 working in mcdonalds.. you would need to work 1100 hours to get 1 btc.. meanwhile in another state where minimum wage was $15.. you only need to work ~550 hours
same country, same fiat, same job, same company.. but having to work double the hours.. FIAT is the failure.. not btc

 


the obsession with fiat profits is the problem

but while we remain dislusioned to measure
bitcoin -> $$ -> bread
instead of
bitcoin -> bread

we are not changing ecomony or even helping bitcoin be a 'uaable' means of paying for goods

[Ultegra134]

Hallo guys...  


Just want to share an information and may be we can make a little discussion about the latest Issue about our lovely bitcoin.
last week or last Friday exactly..  as we know there was a positive shocked about bitcoin price. I.ve just read a news on www.cnbc.com and it's also talk about it
here is a little part of the news.
"Bitcoin climbed again on Friday, reaching its highest since late March.
The cryptocurrency briefly rose more than 6.5 percent over the last 24 hours to a high of $8,204, its highest in more than two weeks, according to Coinbase.
Bitcoin traded near $8,085 as of 4:07 p.m. ET Friday, up 18.2 percent for the week."

and here is the link :
https://www.cnbc.com/2018/04/13/bitcoin-jumps-above-8000-bringing-gains-this-week-to-more-than-18-percent.html

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

thanks

Not going to sell any BTC at the moment, currently have a small sum set aside for future holding, since I do not have the need of immediate funds now, I don't see a reason to sell, even at a slightly higher price. Bitcoin has been having a steady growth the past few weeks and it looks like it's going to continue for a while before facing a major dip. It's a good time for traders though, trading is at its finest right now, volatile but still steady market.

[HabBear]

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

These developments on the price occurred on Friday, it's been over 72 hours between these price developments and your questions. So the answer to your question - the market's moved on, you've missed your opportunity to "take profits".

You need ask the question: at what price point in the future will you take profits? That way you know what you're going to do before the event occurs, enabling you to act while the event is happening...not 3 days later.



P.S. Your implication that Bitcoin is not "real money" is an insult to all of us, starting with Satoshi.

[Warren Buffert]

If this shocks you, I guess you must be pretty new to bitcoin and cryptocurrency.

[reflector]

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

These developments on the price occurred on Friday, it's been over 72 hours between these price developments and your questions. So the answer to your question - the market's moved on, you've missed your opportunity to "take profits".

You need ask the question: at what price point in the future will you take profits? That way you know what you're going to do before the event occurs, enabling you to act while the event is happening...not 3 days later.



P.S. Your implication that Bitcoin is not "real money" is an insult to all of us, starting with Satoshi.

I do not want know when the bitcoin market to bump bigger in the market mate. As fluctuation is the normal tendency we cannot say that positive value alone the marketplace thing happening that time.
This is already shows the little changes in the profitable you have shared here.
Maybe little amount you boom again will be a stable right.

[avikz]

Hallo guys...  


Just want to share an information and may be we can make a little discussion about the latest Issue about our lovely bitcoin.
last week or last Friday exactly..  as we know there was a positive shocked about bitcoin price. I.ve just read a news on www.cnbc.com and it's also talk about it
here is a little part of the news.
"Bitcoin climbed again on Friday, reaching its highest since late March.
The cryptocurrency briefly rose more than 6.5 percent over the last 24 hours to a high of $8,204, its highest in more than two weeks, according to Coinbase.
Bitcoin traded near $8,085 as of 4:07 p.m. ET Friday, up 18.2 percent for the week."

and here is the link :
https://www.cnbc.com/2018/04/13/bitcoin-jumps-above-8000-bringing-gains-this-week-to-more-than-18-percent.html

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

thanks

That's the normal dynamics of the crypto market. 18% growth is nothing for bitcoin in a single day. We have seen much more volatile times previously. So the speculators of bitcoin have acquired more as per their pocket size when the price was down to 6.5k few days back and made a good percentage of profit.

But I am personally holding up my bitcoins because I strongly believe it has a lot of potential left. The current price is just the tip of the iceberg. It can grow to a whole new level just like we have seen during the last quarter of 2017. So my suggestion is to HODL.

[darkangel11]

I can't believe that you guys are still so short-sighted. You always remember only a month back and that's it. When the price starts to go down after an ATH you cry that it's crashing, even though it only corrects to the value from 2 or 3 months back and you're still ahead every single year! When the price starts to rise after a fall it's all the same with you, you see only that a month ago it was lower and start thinking about selling. It doesn't matter that 2 months ago it was 2 or 3 times higher, all you care about is here and now.
A year from now, when it's much higher, you're going to start sad threads like: I should have bought in early 2018.

[gantez]

What is happening is normal and people should stop panicking because it kills the plan to hodl longer. You sell and regret later. Me I'm hodling , this is not time for selling.

[franky1]

I can't believe that you guys are still so short-sighted. You always remember only a month back and that's it. When the price starts to go down after an ATH you cry that it's crashing, even though it only corrects to the value from 2 or 3 months back and you're still ahead every single year! When the price starts to rise after a fall it's all the same with you, you see only that a month ago it was lower and start thinking about selling. It doesn't matter that 2 months ago it was 2 or 3 times higher, all you care about is here and now.
A year from now, when it's much higher, you're going to start sad threads like: I should have bought in early 2018.

its because most people are not told what bitcoin is really about.. they are just told that a friend of a friend of a friend doubled their fiat in a month.

too many people only se bitcoin as a vessel to 'get rich scheme' their way back to fiat.

[Wexnident]

Hallo guys...  


Just want to share an information and may be we can make a little discussion about the latest Issue about our lovely bitcoin.
last week or last Friday exactly..  as we know there was a positive shocked about bitcoin price. I.ve just read a news on www.cnbc.com and it's also talk about it
here is a little part of the news.
"Bitcoin climbed again on Friday, reaching its highest since late March.
The cryptocurrency briefly rose more than 6.5 percent over the last 24 hours to a high of $8,204, its highest in more than two weeks, according to Coinbase.
Bitcoin traded near $8,085 as of 4:07 p.m. ET Friday, up 18.2 percent for the week."

and here is the link :
https://www.cnbc.com/2018/04/13/bitcoin-jumps-above-8000-bringing-gains-this-week-to-more-than-18-percent.html

my question is...  what will you gonna do to face up this condition...  will you take your bitcoin from your wallet to change it to a real money...  or you will stay tune to wait a positive increasing and hold your bitcoin stay in your wallet ?

thanks

For preparing in a short term I think it is good to take now the bitcoin because it is possible to downfall again maybe for the next day or for a couple of weeks we don't know exactly what will happen so it's good to have assurance this time. However, if you prepare to be in long term investment so it's good to hold for now and still patiently wait for the much higher pump therefore can be much benefited in the near future. But for me holding is I'm going to do as of now.