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Author Topic: Are all your friends telling you to cash out, too?  (Read 8094 times)
ThatDGuy
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November 29, 2013, 07:32:08 PM
 #121

I had this repeatedly from my girlfriend. Sold 40BTC to recover £4500, was left with about 30BTC, this was only about a month or so ago... WORST MISTAKE EVER!

But buying right before big correction would be worst mistake ever as well.

The fact is trend is upward, but no one knows the price in next month, so every can make worst mistake ever. Though buying is always bit safer bet in long term upward trend

I bought my first BTC at $240 before the sharp correction that came at $266.

Was it in the red for a while? Yep.

I'm having a really hard time right now calling it "the worst mistake ever" when even that 2.23 BTC is now up 480%+
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November 29, 2013, 08:40:10 PM
 #122


I bought my first BTC at $240 before the sharp correction that came at $266.

Was it in the red for a while? Yep.

I'm having a really hard time right now calling it "the worst mistake ever" when even that 2.23 BTC is now up 480%+

And you held through the summer? My respect to you, I know it must've not been easy.

i am satoshi
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November 29, 2013, 09:24:23 PM
 #123

I just got one four letter word from my dad:

SELL
Give he knows when to sell did he know to tell you when to buy?

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
ThatDGuy
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December 04, 2013, 06:42:09 PM
 #124


I bought my first BTC at $240 before the sharp correction that came at $266.

Was it in the red for a while? Yep.

I'm having a really hard time right now calling it "the worst mistake ever" when even that 2.23 BTC is now up 480%+

And you held through the summer? My respect to you, I know it must've not been easy.

Sure did! I converted some LTC -> BTC from mining but really only bought more with dollar cost averaging.

I wouldn't have been able to without listening to other people's stories of regret for selling (lots on here) - so I had some help!  The principles of Bitcoin are just so sound, it's hard not to see that it was (and is) worth much more.  As infrastructure continues to grow and it's accessible to the mainstream (especially hedge funds) I think we'll see another few big jumps in recognized value.
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December 04, 2013, 06:44:28 PM
 #125

They have been saying "cash out" since we hit parity with the dollar. I will not be cashing out ever. I will buy with bitcoin instead.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
PenAndPaper
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December 04, 2013, 08:00:51 PM
 #126

They have been saying "cash out" since we hit parity with the dollar. I will not be cashing out ever. I will buy with bitcoin instead.

That's the right way of thinking because most of the die hard bitcoiners just hoard and don't spend or investing on anything whatsoever. And that's the worst thing that can happen to bitcoin.
Everyone that hopes for bitcoin to happen and sits on top of a large stack must invest in services around bitcoin.
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December 04, 2013, 08:07:37 PM
 #127

They have been saying "cash out" since we hit parity with the dollar. I will not be cashing out ever. I will buy with bitcoin instead.

That's the right way of thinking because most of the die hard bitcoiners just hoard and don't spend or investing on anything whatsoever. And that's the worst thing that can happen to bitcoin.
Everyone that hopes for bitcoin to happen and sits on top of a large stack must invest in services around bitcoin.

I think of it as having and eating my cake. Almost everything I buy with bitcoin I get at a discount simply because the coins are worth more when I spend. I don't want dollars, I want better money, I want bitcoin. 

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
bassclef
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December 04, 2013, 08:19:44 PM
 #128

My brother sold his 6 coins at $375. Needless to say, he seemed a little disappointed over Thanksgiving dinner.

My dad took me aside and told me to CASH OUT MAN. CASH OUT NOW! GET OUT!

Nope.
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December 04, 2013, 08:23:38 PM
 #129

I don't need my friends to make a decision, so I won't.

Probably the best thing in my opinion to do is to sell some small parts of BTC sometimes. As I'm effective trading BTC to other coins and back with some profit, my amount of BTC keeps growing. I think I will in about 2 weeks start this procedure; sell a part of my profit and stack a part of my profit.

If it may crash someday, atleast I earned something from it Smiley

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GigaCoin
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December 04, 2013, 08:29:09 PM
 #130

I had this repeatedly from my girlfriend. Sold 40BTC to recover £4500, was left with about 30BTC, this was only about a month or so ago... WORST MISTAKE EVER!

But buying right before big correction would be worst mistake ever as well.

The fact is trend is upward, but no one knows the price in next month, so every can make worst mistake ever. Though buying is always bit safer bet in long term upward trend

solution = don't tell anyone you bought bitcoins  Smiley

quone17
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December 04, 2013, 08:34:41 PM
 #131

I mean if you bought really low, and you haven't sold ANYTHING, then I think you're being irrational.  Sell just a little, even if you think it's going to $10,000

Bitcoin Exchange Guide- List of the Top Bitcoin Exchanges, Find Places to Buy, Sell and Trade Bitcoins.
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December 04, 2013, 08:55:48 PM
 #132

I mean if you bought really low, and you haven't sold ANYTHING, then I think you're being irrational.  Sell just a little, even if you think it's going to $10,000
That makes sense also. If you cash out, or save via spending the amount you put in, you can't lose.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
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December 04, 2013, 09:10:13 PM
 #133

As long as it is less than $10k/btc or I have more than 100btc, I will keep buying more.

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sgbett
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December 04, 2013, 09:18:05 PM
 #134

I just got one four letter word from my dad:

SELL
Give he knows when to sell did he know to tell you when to buy?

This is the best response ever! I'm remembering that one Smiley

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December 04, 2013, 09:23:46 PM
 #135

I just got one four letter word from my dad:

SELL
Give he knows when to sell did he know to tell you when to buy?

This is the best response ever! I'm remembering that one Smiley

+1

This is the best comeback. You didn't tell me when to buy so don't tell me when to sell. Smiley

It's all bullshit. But bullshit makes the flowers grow and that's beautiful.
beetcoin
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December 04, 2013, 10:26:12 PM
 #136

too many tax implications at the moment, and i think it will continue to rise.. hold, hold! people who have no idea what bitcoin is, but just know that i've made a decent amount of money off it tell me to sell as well.. but if they tell you their opinion on something they dont understand is certain, i don't put much value in what they think.
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December 04, 2013, 10:46:16 PM
 #137

I mean if you bought really low, and you haven't sold ANYTHING, then I think you're being irrational.  Sell just a little, even if you think it's going to $10,000

If you still buying, like bit every month, you may sell or spend only if you buy more next month. This way you may accumulate few Bitcoins even with very small investments you can save from not important things you can live without

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