Don't sell your bitcoins while it's falling!

[Cointeller]

If you are a newcomer or even if not, the worst thing you could possibly do is sell your bitcoins while it is crashing. Humans are sheep, when they see a big movement, they follow. Don't base your decision to sell on what others are doing!

Some facts and why I think it will rise to at least 2-3k in a few months from now:
China is irrelevant. Yes, Chinese are loaded with money, and their volumes are high when they buy, but America is still the largest economy. And don't forget about Europe, 500 million, rich consumer market.

The recent and not so recent investments in bitcoin startups. Just imagine how much publicity and marketing all that can buy.

Billionaire backing. They know how to distinguish good from bad investments. That's pretty much what they do.

In 2-3 months from now, when Coinbase hits a million users, there will be another media surge. Circle is very promising. It has a huge financial injection. Bitstamp is becoming huge, Blochchain.info and other wallets are following.

Everyone knows about bitcoin but how many people are actually holding one? On reddit there might be many, but in the real world there aren't. There is a a lot of space for growth!

Give it some time. Let the startup founders do their jobs, and support the community and growth in any and every way you can. Selling when it's going down isn't one of them.

[AustenN]

Just curious then,

Where do you see bitcoins in the next 2 years?

and

What is going to happen to the other currencies such as NMC and LTC?

[sweetNlow]

Im holding on to mine, I have faith in BTC's future! 

[Argwai96]

best to sell when price is rising, buy when price is falling. generally.

[tondaS]

Dont worry, at every crash Bitcoins are distributed from weak hands to more strong hands

[hilariousandco]

Just curious then,

Where do you see bitcoins in the next 2 years?

and

What is going to happen to the other currencies such as NMC and LTC?

Bitcoin will become worth a billion each. NMC and LTC will be worth millions each.

Don't take investment tips from people on the internet. Any advice on the price will be pure speculation and probably biased.

[chandrew]

bitcoin in China: http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/

[dustofdeath]

but if nooen sells. .the whoel trade dies out.

The whoel poitn of the market is to buy low, sell high - but you cant buy if noone sells.

[umaOuma]

but if nooen sells. .the whoel trade dies out.

The whoel poitn of the market is to buy low, sell high - but you cant buy if noone sells.

I believe the OP point is different, when the bitcoin price is falling fast, it is hard to sell so you will be selling really low

[MicroGuy]

Give it some time. Let the startup founders do their jobs, and support the community and growth in any and every way you can. Selling when it's going down isn't one of them.

Just an FYI. The founder bailed out and disappeared in 2011. His last post is here: https://bitcointalk.org/index.php?action=profile;u=3;sa=showPosts;start=0

He left on these words: "... the software is not at all resistant to DoS attack. This is one improvement, but there are still more ways to attack than I can count." He made that statement then vanished with over a million bitcoins.

The changing of the guard is before us. The next phase in the evolution shall be the rising of the altcoins: http://coinmarketcap.com

Think of Bitcoin as the web crawler or the myspace of digital currency.  

[wizby]

[abslessfab]

Dont Panic. Keep patience. Follow the standard trading procedures. Bitcoin will not vanish. And also there are rooms for every altcoins.

[niothor]

but if nooen sells. .the whoel trade dies out.

The whoel poitn of the market is to buy low, sell high - but you cant buy if noone sells.

Don't sell in a panic.
Also , bitcoin won't be killed by people stop trading if they continue using it. And that's actually it's purpose.

[hromobiti]

but if nooen sells. .the whoel trade dies out.

The whoel poitn of the market is to buy low, sell high - but you cant buy if noone sells.

This is the whole point for daytraders, but the point of market is just to be able to buy or sell anytime

[mladen00]

Dont worry, at every crash Bitcoins are distributed from weak hands to more strong hands

+1

[highdee]

exactly what i think

[hoewer4what]

Everyone knows about bitcoin but how many people are actually holding one? On reddit there might be many, but in the real world there aren't. There is a a lot of space for growth!

Yes, there is a a lot of space for growth, but there need to be much better ways to buy and sell Bitcoin. Today it is just for real believers to buy and sell Bitcoin (too much hassle now)

[naphto]

Just curious then,

Where do you see bitcoins in the next 2 years?

and

What is going to happen to the other currencies such as NMC and LTC?

BTC will be between 100 and 1 000 usd in 2 years.
LTC and NMC will be almost dead.

According to me

[gatuso5]

is it possible to do short selling?

[naphto]

is it possible to do short selling?

Yes, check my signature for instance