Question About Early Adapters Who Hold Coins

[SilverandBitcoins]

Do early adapters, who hold coins purchased at drastically lower prices, still buy bitcoins?  Do they buy at regular intervals, or do they only buy the dips?

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[Akka]

Adopter

I think that's different from person to person.

Some are just holding, some are actively trading, some buy on regular intervals (like a % of their monthly income), some have already sold out and use Bitcoin where they can and rebuy what they spend.

[armodilloben]

I know of several persons that hold Bitcoin worth more than a million, and they are thinking about buying even more at given time.

[gentlemand]

About 3 weeks of staring at the market has fatally rotted my brain.

If I'd been playing markets since 2009/2010 I wouldn't be able to get dressed unaided by now. I hope for their sake they've eased off and are waiting for the future.

[LiteCoinGuy]

i guess alot do that. one famous adopter, Andreas M. Antonopoulos, stills buys every week coins (he said that recently).

if you are a tough badass, you only buy in the dips  

[Kouye]

I have a few BTC bought at 70$, and some bought at 900+, too.

[QuestionAuthority]

There's no single answer to that question. There are as many answers as there are people holding Bitcoin.

[keithers]

Do early adapters, who hold coins purchased at drastically lower prices, still buy bitcoins?  Do they buy at regular intervals, or do they only buy the dips?

I only know one early adopter, who was given 500 BTC as a wedding present from his brother in law back when they were under a dollar a piece.  I came to find out that my friend's brother in law is the one known as "Bitcoin Jesus."  My buddy has bought and sold more along the way.   He sold of a decent amount when it was around $200/btc.  He mainly only buys now on the dips, but has a pretty large portfolio obviously.  His goal was to get a portfolio of 1,000 BTC, but right before he was going to transfer the money, the huge surge came that pushed the price upwards of $400 per BTC (obviously we are way past that now).  

   He was urging me to get into bitcoins back when they were at $50, but I didn't get in until it was a little over $200 (mainly because I was uneducated in regards to crypto currencies).  After doing a lot of research and reading through forums and so forth, I also invested in LTC back when they were a few dollars a piece, and got my friend invested into LTC too.

    From what I am hearing from him though, is that one of the major banks is going to soon be coming out and publicly backing bitcoin which would give a lot more legitimacy in the eyes of people who are on the fence about investing.

[phazon307]

I only heard about it when it was 150$ I wish someone would have told me about it a year sooner .

[BittBurger]

Do early adapters, who hold coins purchased at drastically lower prices, still buy bitcoins?  Do they buy at regular intervals, or do they only buy the dips?

Most people smart enough to buy and hold don't get sucked into the nonsense of trying to "play the market".  Everyone I know who has tried this has failed and no longer has any BTC.  They were not early adopters, but people who thought for sure they could play the system and buy in dips.  Very few make any money that is of a quantity worth the stress it involves.

[hilariousandco]

There's no single answer to that question. There are as many answers as there are people holding Bitcoin.

Yeah, everyone is different. I bought my coins at £70, but don't really want to invest any more money in them, but I'm trying to earn them in other ways like selling stuff for Bitcoin and earning them for doing various other things.

[BTCisthefuture]

This is really a question that can only be answered on an individual level since everyone is different and everyone does things differently.

Me personally, if I had enough btc right now to retire on it , i would cash out now even though I think the value will still go up.  I'd be thankful to the "luck" I had and enjoy the new amount of free time I have .   Out of respect for bitcoin and the community though I would try my best to cash out in a way that doesn't hurt the market, ie cash out in intervals.

[mskryxz]

i bought bitcoins during the crash in 2013. i bought em for 60-70 a piece, you can check my registration date that i became into bitcoin around march/april of that time.

to answer your question, yes i am still buying. I bought in december at 600-700 and again this month january for 800

[guybrushthreepwood]

This is really a question that can only be answered on an individual level since everyone is different and everyone does things differently.

Me personally, if I had enough btc right now to retire on it , i would cash out now even though I think the value will still go up.  I'd be thankful to the "luck" I had and enjoy the new amount of free time I have .   Out of respect for bitcoin and the community though I would try my best to cash out in a way that doesn't hurt the market, ie cash out in intervals.

I'd maybe cash out half and hodl the rest. I'd probably still be dissapoint if the value doubled or skyrocketed after I sold them.

[Cryptopher]

I made my initial investment and have stuck to that. I try to increase my BTC stake by trading on BTC-E, and like most people I have missed out on some great wins. The sort where you are about to click buy, but instead end up navigating away from the page, or go to sleep only to come back to a much higher price.

Such is life, I'm still at some profit, but obviously I would be much happier if I could use some of my experience to avoid past mistakes.

[keithers]

This is really a question that can only be answered on an individual level since everyone is different and everyone does things differently.

Me personally, if I had enough btc right now to retire on it , i would cash out now even though I think the value will still go up.  I'd be thankful to the "luck" I had and enjoy the new amount of free time I have .   Out of respect for bitcoin and the community though I would try my best to cash out in a way that doesn't hurt the market, ie cash out in intervals.

I'd maybe cash out half and hodl the rest. I'd probably still be dissapoint if the value doubled or skyrocketed after I sold them.

+1 on this. I would cash out half, and invest a portion into something more stable, and keep the rest in btc

[theecoinomist]

I'm not an early adopter altho I did acquire my biggest chunk significally lower than todays price, first @140 after Silk Road crash (damn you bitstamp verification), I've continued to buy at 250, 400, 750 and 850. I'll keep buying for 15-20% of monthly income while I can- I'm certain that I'll be glad I did once the block reward halves.

[jonanon]

I'd say what people do varies drastically from person to person. Some buy and hold, some buy and trade, some buy and spend - it really does vary quite a lot.

[BTCisthefuture]

This is really a question that can only be answered on an individual level since everyone is different and everyone does things differently.

Me personally, if I had enough btc right now to retire on it , i would cash out now even though I think the value will still go up.  I'd be thankful to the "luck" I had and enjoy the new amount of free time I have .   Out of respect for bitcoin and the community though I would try my best to cash out in a way that doesn't hurt the market, ie cash out in intervals.

I'd maybe cash out half and hodl the rest. I'd probably still be dissapoint if the value doubled or skyrocketed after I sold them.

Yeah that's always going to be the case.  I call it the 'gamblers mentality' , that person who is up at the poker tables but can't walk away because "what if" he doubles or triples up.

Everyone has their own limits for walking away or staying invested and thats perfectly fine and reasonable.  Selling half and holding half is certainly a logical approach.

For me personally, my walking away point on most things in life (weither it be stocks,  bitcoin, work , etc etc)  is retirement. I don't need to be rich but if I could retire and live a normal life without needing a full time job to pay the bills,  I'd consider myself lucky and walk away.

[Heyman]

The same thing most people do when their stocks sky rocket.