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Author Topic: When to think about selling?  (Read 2204 times)
bitcoinrocks
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November 27, 2013, 11:59:47 PM
 #1

I've read some talk about $2K-$3K.  And what about LTC?
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anarchy
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November 28, 2013, 12:30:11 AM
 #2

I've read some talk about $2K-$3K.  And what about LTC?

$10k, not before
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November 28, 2013, 12:40:54 AM
 #3

I've read some talk about $2K-$3K.  And what about LTC?

I wouldn't look at a price so much as an event: i.e. when an ETF launches and the public can more easily get into bitcoin... That's when things will really take off.

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November 28, 2013, 01:17:26 AM
 #4

Never? I'm in this for the long run, everybody who has sold out so far has regreted it just a few months later.
BittBurger
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November 28, 2013, 01:29:00 AM
 #5

My criteria has, and always will be, where I feel the industry is going.

If I feel infrastructure is still being built, merchants are still adding it to their stores, conferences are being held in various countries, and new news is coming out (thanks Google news for keyword specific article feeds) ...

Then I will continue to hold.

When I feel the industry is stagnating, or beginning to decline, then I will cash out.

This bewilders all my friends and colleagues to no end.

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domob
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November 28, 2013, 07:58:28 AM
 #6

My plan is to sell half my BTC holdings if it allows me (subtracting due capital gains taxes of course) to buy a (nice) flat/house to live in, since that's something I've planned to do already some time.  I'll hold the other half as further investment.  (Note that it still needs a good increase for this condition to be fulfilled, unfortunately.  But it will come, I'm sure! Cheesy)

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November 28, 2013, 08:02:21 AM
 #7

Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

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seanneko
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November 28, 2013, 08:05:56 AM
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Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

Merchants who, for the most part, sell useless gimmicks...

I can't buy groceries, or petrol, or pay rent with BTC. They're the only things I really care about, and they're all a looooong way off accepting BTC as payment.
windjc
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November 28, 2013, 08:09:46 AM
 #9

Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

Merchants who, for the most part, sell useless gimmicks...

I can't buy groceries, or petrol, or pay rent with BTC. They're the only things I really care about, and they're all a looooong way off accepting BTC as payment.

They may not be as "way off" as you think they are. We are on the verge of some major online and offline retailers accepting btc. When that happens, your landlord won't be too far off.

If you haven't heard about what is happening with GAME, check it out.  It's revolutionizing gaming. https://bitcointalk.org/index.php?topic=1266597.0
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November 28, 2013, 08:16:40 AM
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We are on the verge of some major online and offline retailers accepting btc.
Source?
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December 03, 2013, 12:44:46 AM
 #11

Never? I'm in this for the long run, everybody who has sold out so far has regreted it just a few months later.

Well said, I'm in that boat.  I'ts just not worth it to disregard LTC IMO.
There will always be those who doubt but the price has shown LTC can be a good investment.

Anon136
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December 03, 2013, 12:46:33 AM
 #12

first bubble ~ $0.30, second bubble ~$3.00, third bubble ~$30.00, fourth bubble ~$300.00, you fill in the next blank  Grin

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December 03, 2013, 12:50:02 AM
 #13

Strong username to thread title ratio..
I_bitcoin
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December 03, 2013, 01:05:45 AM
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Strong username to thread title ratio..

Bitcoin is awesome!   when can I dump this thing!
  Shocked Grin Lips sealed Angry

No matter where you go, there you are.
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December 03, 2013, 01:29:32 AM
 #15

My plan is to sell half my BTC holdings if it allows me (subtracting due capital gains taxes of course) to buy a (nice) flat/house to live in, since that's something I've planned to do already some time.  I'll hold the other half as further investment.  (Note that it still needs a good increase for this condition to be fulfilled, unfortunately.  But it will come, I'm sure! Cheesy)

I think a variation on this makes a lot of sense.  It is pointless to set an arbitrary price target as bitcoin is a deflationary currency.  I'm fairly new, but even I can remember people thinking 100 per BTC was a huge amount and a great sell target.

Unless something really bad happens the basic trend of bitcoin will be up.  So if you need to sell for something, e.g. buy a house, pay your rent, then by all means sell.  If you want to take a little BTC off the table and cash it in, why not, but don't make it a binary all in or all out choice, sell 10% of your coins and see what happens.

While these have been an amazing few weeks there is no shame in wanting to sell some of your coins but it's not an all or nothing choice.
HeliKopterBen
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December 03, 2013, 01:39:34 AM
 #16

Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

Merchants who, for the most part, sell useless gimmicks...

I can't buy groceries, or petrol, or pay rent with BTC. They're the only things I really care about, and they're all a looooong way off accepting BTC as payment.

I bought groceries at target the other day with bitcoin through gyft.  It was so much easier than trying to get fiat off the exchange.

Counterfeit:  made in imitation of something else with intent to deceive:  merriam-webster
CMMPro
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December 03, 2013, 01:50:36 AM
 #17

Same here...I have the CAVirtex debit card.

Sell a coin (or less than one) throw the money onto the card....spend at will like a regular debit card.

I also bought a trip for two this winter to somewhere warm for me and my wife...it cost me a weeks mining, meh.


When you get a little more comfortable you tend to spend a bit...there is no sense in not enjoying some of this new found wealth.

domob
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December 03, 2013, 06:53:48 AM
 #18

My plan is to sell half my BTC holdings if it allows me (subtracting due capital gains taxes of course) to buy a (nice) flat/house to live in, since that's something I've planned to do already some time.  I'll hold the other half as further investment.  (Note that it still needs a good increase for this condition to be fulfilled, unfortunately.  But it will come, I'm sure! Cheesy)

I think a variation on this makes a lot of sense.  It is pointless to set an arbitrary price target as bitcoin is a deflationary currency.  I'm fairly new, but even I can remember people thinking 100 per BTC was a huge amount and a great sell target.

Unless something really bad happens the basic trend of bitcoin will be up.  So if you need to sell for something, e.g. buy a house, pay your rent, then by all means sell.  If you want to take a little BTC off the table and cash it in, why not, but don't make it a binary all in or all out choice, sell 10% of your coins and see what happens.

While these have been an amazing few weeks there is no shame in wanting to sell some of your coins but it's not an all or nothing choice.

Yes of course, I would never sell all.  That's why I specified "half" above. Wink  (This is my current plan, at least, although maybe it will change depending on how quickly we reach that point.)

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December 03, 2013, 07:30:06 AM
 #19

Never. Use them to buy the stuff you need directly. There are enough merchants by now and even more will come. So no need to exchange them yourself.

Merchants who, for the most part, sell useless gimmicks...

I can't buy groceries, or petrol, or pay rent with BTC. They're the only things I really care about, and they're all a looooong way off accepting BTC as payment.

When this will happen you will be late to the game for a nice ROI.

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im3w1l
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December 03, 2013, 07:32:53 AM
 #20

My criteria has, and always will be, where I feel the industry is going.

If I feel infrastructure is still being built, merchants are still adding it to their stores, conferences are being held in various countries, and new news is coming out (thanks Google news for keyword specific article feeds) ...

Then I will continue to hold.

When I feel the industry is stagnating, or beginning to decline, then I will cash out.

This bewilders all my friends and colleagues to no end.

Interesting strategy, I like it.
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