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Question: If you have/had 1000 BTC or more are/did you sell
I did not understand the potential of bitcoin and sold out early - 2 (6.5%)
I am a day trader so whatever is irrelevant - 3 (9.7%)
I am selling now because I have made my money - 9 (29%)
I am holing because I think bitcoin will work - 11 (35.5%)
I am holding because I think the bubble has just begun - 6 (19.4%)
Total Voters: 31

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Author Topic: Bubble or new paradigm (exclusive to the 4 digit bitcoiners)  (Read 927 times)
adpinbr (OP)
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December 11, 2013, 04:35:21 PM
 #1

I dont know it seems like we may be in bubble territory, I am a young guy and didnt get to see the dot com and housing bubbles. When I got into bitcoin I knew it would go up regardless of its success because it had the fundamentals to be the worlds biggest bubble. Now, I am trying to understand is if this is a bubble or not (I believe in crypto but i do not know if/when/which one and the hurdles ,like government intervention that could kill price for a few years, we have to overcome for it to work). If this is a bubble is now the time to get out or has it just begun?



BIG WINNER!
[15.00000000 BTC]


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stromma44
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December 11, 2013, 04:52:43 PM
 #2

Only for 1000+ BTC ? This is discrimination!  Smiley

I voted with my few Bitcoins anyway because I value these as much as someone else his 1000+ BTC  Tongue
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December 11, 2013, 06:00:10 PM
 #3

Ah, a clever way to find out who has more than 1000 BTC...

To answer your question, read and decide for yourself.  Most 1000 BTC holders are beginning a slow cash-out process while those of us with less will start that process later.

And most of us do not believe that bitcoin (or at least the idea of a distributed cryptocurrency) will pop long-term.

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December 11, 2013, 06:56:57 PM
 #4

Ah, a clever way to find out who has more than 1000 BTC...

To answer your question, read and decide for yourself.  Most 1000 BTC holders are beginning a slow cash-out process while those of us with less will start that process later.

And most of us do not believe that bitcoin (or at least the idea of a distributed cryptocurrency) will pop long-term.

Could you please explain one thing to me. As you know that most 1000 btc holder are beginning a slow cash out process, why would you start the process later ? Once they are done the price will be significantly lower....

Even if you don´t believe that it will not pop in the long term, why would you want to see your profits going down by 50% or more percent in the short term ? Afraid to miss the train ? You could miss the train going into the other direction as well.

No one ever went broke by taking profits
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