I've cashed out but this is not the end.

[TERA]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

[Elwar]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

[jojo69]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

ZHAOTONGED!!!

[TERA]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

Oops I'm talking about the guy withdrawing cash.

[seriouscoin]

Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

[DavidZ]

Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

It depends on your time horizon.

There are hourly swings in price, daily swings in price, weekly swings in price ...

It is unclear to me when this will bottom before reaching a new ATH. When I see the buy signal I will be back in. This could bottom at $10 then swing back up to $300 at which point I may buy back in and own twice the coins I did before. The price could then increase to $2000.

I'm not saying buying and holding isn't a bad thing to do. I just see may strategy as a good way to minimize risk and maximize profit at the same time.

[Swordsoffreedom]

You got to hang out with Bitcoin for a while to tell this is actually just a phase in the adoption cycle before the price does its usual 

[Elwar]

a good way to minimize risk and maximize profit at the same time.

You mean the risk of the bank taking all of your fiat (especially the ones that like to freeze Bitcoin users accounts)?

Or the risk of the dollar collapsing? You know...that whole $20 trillion debt and QE infinity...

Maximize profit? The value of Bitcoin has gone up by at least 1000% yearly...I would hate to be stuck with fiat.

[Elwar]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

You're not worried about missing some phenomenal buying or trading opportunity? At what point do you deposit back and how do you deposit quickly enough to catch the buy?

I have a buying opportunity every time I get paid in fiat.

I made the mistake of shorting at $4 thinking it would go down to $3.50. I got short squeezed as it went down to $3.60 then climbed and climbed and climbed...

Now I just get what Bitcoin I can, when I can.

ZHAOTONGED!!!

I did

Fortunately I pulled out the rest of my BTC about a week before Bitcoinica stole everyone's money.

[DavidZ]

You got to hang out with Bitcoin for a while to tell this is actually just a phase in the adoption cycle before the price does its usual 

Quite likely, but as has been pointed out I am new to bitcoin investing. Whatever happens will be enthralling to be part of and I do believe cryptocurrency is a truly revolutionary technology.

[DavidZ]

a good way to minimize risk and maximize profit at the same time.

You mean the risk of the bank taking all of your fiat (especially the ones that like to freeze Bitcoin users accounts)?

That only happened to the directors of Coinjar here in Australia. There have been no instances of members of the public having their accounts closed for buying bitcoin here that I am aware of. Though I do accept that this is possible so I may create an account with another bank to mitigate this risk.

Or the risk of the dollar collapsing? You know...that whole $20 trillion debt and QE infinity...

This is another risk also of which I have taken steps to minimize.

Maximize profit? The value of Bitcoin has gone up by at least 1000% yearly...I would hate to be stuck with fiat.

Past performance is no guarantee of whatever...

[poewerden]

I cashed out most of my fiat since this downturn.

I still have about 10% fiat that I need to cash out so I can walk away and come back later.

Why cash out specifically? Are you so bearish you think the exchange system is going to fall apart or start stealing too?

I prefer to have all of my money safe, so I feel a lot safer when I cash out all of my money into cold storage.

Safe money, is there such thing really 

[virtualfaqs]

Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

It depends on your time horizon.

There are hourly swings in price, daily swings in price, weekly swings in price ...

It is unclear to me when this will bottom before reaching a new ATH. When I see the buy signal I will be back in. This could bottom at $10 then swing back up to $300 at which point I may buy back in and own twice the coins I did before. The price could then increase to $2000.

I'm not saying buying and holding isn't a bad thing to do. I just see may strategy as a good way to minimize risk and maximize profit at the same time.

I think a more realistic scenario is if the price bottoms at $300 then goes back up to $600. Wouldn't you have liked to put in your buy order now? Something has to go catastrophically wrong for us to hit $10. Off the top of my head, I can't think of anything like that.

[gizmoh]

I'm 95% fiat too. The latest rally is a boon for whoever(with head on his shoulder) took the chance to get out at a good median price,
without losing too much profit. Negative net volume means sellers are now controlling the market and it is start of a bear market with lots of bumps.
I say cash out a good chunk and enjoy your new fortune to not be tempted to buy 'cheap' coins which can get cheaper and cheaper..
Meanwhile Bulls are going deep underground hodling.

[TERA]

I think the collective of newly wealthy bitcoiners with fiat sitting on exchanges, alone, is enough to buy out all of the bitcoins at $50 or so. $10 would not even be physically possible, without some change in fundamentals. I don't even see 300 happening. Look at all the orders at 400-500.

[Zarathustra]

I've cashed out but this is not the end.

Not the end,
not the end,
just remember ...

http://www.youtube.com/watch?v=5B2yeDYgPfY

[DavidZ]

Cashing out is a big no no in such an uptrend market. You will miss buying opportunities thanks to our banking system.

It depends on your time horizon.

There are hourly swings in price, daily swings in price, weekly swings in price ...

It is unclear to me when this will bottom before reaching a new ATH. When I see the buy signal I will be back in. This could bottom at $10 then swing back up to $300 at which point I may buy back in and own twice the coins I did before. The price could then increase to $2000.

I'm not saying buying and holding isn't a bad thing to do. I just see may strategy as a good way to minimize risk and maximize profit at the same time.

I think a more realistic scenario is if the price bottoms at $300 then goes back up to $600.

And then what?

Wouldn't you have liked to put in your buy order now?

No; I just sold for this price.   

Something has to go catastrophically wrong for us to hit $10. Off the top of my head, I can't think of anything like that.

I can: an unknown unknown.

[DavidZ]

Negative net volume means sellers are now controlling the market and it is start of a bear market with lots of bumps.

What's negative net volume?

[DavidZ]

I think the collective of newly wealthy bitcoiners with fiat sitting on exchanges, alone, is enough to buy out all of the bitcoins at $50 or so. $10 would not even be physically possible, without some change in fundamentals. I don't even see 300 happening. Look at all the orders at 400-500.

How do you look at market depth that far down?

I'm using btce and bitcoinwisdom.

[TERA]

I think the collective of newly wealthy bitcoiners with fiat sitting on exchanges, alone, is enough to buy out all of the bitcoins at $50 or so. $10 would not even be physically possible, without some change in fundamentals. I don't even see 300 happening. Look at all the orders at 400-500.

How do you look at market depth that far down?

I'm using btce and bitcoinwisdom.

bitcoinity.org/markets
trading.i286.org