When is enough, enough?

[Bit_Happy]

Even if it takes 3 years for the next big Rally!, it will still be worth it.
Enough is not enough. 

[miroman86]

selling at a loss to cashout is not only a bad investment plan, it also shows that you dont care about the investment and that you care more about FIAT. which proves to me that you should not have invested in the first place because of many reasons.

When I started out, yes, I was in it to gain lots of money... But then as I started learning more about it, I bought in more because of the benefits and because I started believing what it could be. I'm already in it for the long haul. Just can't shake the fact that it could hurt me in the end...

[corebob]

I can't think of anything, it would have to be if the encryption is broken, or if mining ends up being centralized by a small cartel, but I can't really see that happening. In both cases other currencies would take over anyway.

That said, I have to say that I can't see that bitcoins has any value what so ever as an investment object. It only has value as an advanced currency. It has to be the blood circulating the veins of the market, or else I'd probably loose interest at some point.

[Velkro]

i will never be done, even if bitcoin will go down to 1 cent.... im not selling, im buying more
its about fun, technology, beliving in smth etc.

[MarketNeutral]

I don't want to give away anything yet, but rest assured that by the end of the summer, the bitcoin ecosystem will look extremely different. 

People selling now will regret it.

[designfail]

Graph of the day:

That actually says a lot... Thanks for this! Good to know at least...

This chart looks too good to be true. I wouldn't take such optimistic charts seriously if I be you. I would say: take both very positive and very negative info with extreme care.

[Swordsoffreedom]

I started getting into Bitcoin early this year. First coin I bought was around $800, and now its around $450. I was just wondering when it will be enough for the people around here? What is you're "sign" that you have to cash out and say goodbye?

I'm asking because I don't want to step out and walk away. Not only have I invested a lot of my savings into this technology, but I believe in the technology and the positive impacts that it can give to the whole world. There's been countless bad news since I started getting into Bitcoin, and recently, there has been a lot of good news, but the prices are still going down... I think for me, if doesn't get the right recognition/acceptance/price by the end of the year, I'm out. Probably keeping one BTC, but mostly try to get back what I spent.

Don't get me wrong, I would love to be in this for the long haul, but if I've already lost enough that it would only lead to stress and financial problems, I'll be thinking twice. Right now I still believe in Bitcoin, and it sucks that most people are ignorant and disregard this new technology, and its hurting us.

So what is it? What is you're "I'M DONE" sign?

I guess 45 dollars lol....
But probably 1800 Is enough for me to feel satisfied and get rid of a few coins

[Bit_Happy]

I don't want to give away anything yet, but rest assured that by the end of the summer, the bitcoin ecosystem will look extremely different. 

People selling now will regret it.

We don't know how long, but things will get much better.

[Dalmar]

This chart looks too good to be true. I wouldn't take such optimistic charts seriously if I be you. I would say: take both very positive and very negative info with extreme care.

That chart is missing the bear market year of 2011:



Could happen again for all we know (93% reduction from ATH).

[durrrr]

so why was the bear market of 2011? also why is it not included on that one graph? do you think we are having another bear market coming where we might see a slow decline over the next year? i wouldnt like htat at all

[Dalmar]

so why was the bear market of 2011? also why is it not included on that one graph? do you think we are having another bear market coming where we might see a slow decline over the next year? i wouldnt like htat at all

Mt.Gox has the oldest chart history, many of the younger exchanges like bitstamp are missing 2011 data.

[cryptoanarchist]

I can see how all the people who bought at the end of 2013 are getting frustrated - but you will always regret it if you sell now. Trust me, I sold off way more than I could afford now towards the end of 2011 when they were around $3, because they had fallen from $30.

[Waramp22]

Most people will quit when the income from mining will be smaller than the cost of the electricity + maintenance

what do you think will happen when no more people are mining bitcoin but there is still bitcoin left to be mined?

People will never quit mining bitcoin as long as it is a valuable and spendable. The insane difficulty that we had reached would slowly adjust down to reasonable levels and it would once again be profitable for a small time miner hop in and make money with it. The beauty is that by mining you are supporting transactions. By keeping mining profitable it ensures a long term decentralized network with lots of support all over the world.   

[franky1]

thinking of when to get out, to then put your losses into a FIAT account at a 1% gain per year will mean that the $800 you had which you sell for $450. would need to sit in a bank account for 50 years+ just to get back to $800 again.

yet you can simply BUY another bitcoin for $450, which averages your "break even/profitable point" to then be $625.
so you can then:
sell out when the price gets to $625 to cash out your 2btc total of $1250 (breaking even $800+$450)
or making a profit by selling above the $625 value to make a profit.

you have not lost untill you sell at a loss... and smart investors never sell at a loss. they either show patience or they average down.

if you dont want to invest more to average down. then atleast show patience.

[Bit_Happy]

thinking of when to get out, to then put your losses into a FIAT account at a 1% gain per year will mean that the $800 you had which you sell for $450. would need to sit in a bank account for 50 years+ just to get back to $800 again.

yet you can simply BUY another bitcoin for $450, which averages your "break even/profitable point" to then be $625.
so you can then:
sell out when the price gets to $625 to cash out your 2btc total of $1250 (breaking even $800+$450)
or making a profit by selling above the $625 value to make a profit.

you have not lost untill you sell at a loss... and smart investors never sell at a loss. they either show patience or they average down.

if you dont want to invest more to average down. then atleast show patience.

franky1 is correct.
Shhhhhhh....Don't tell the noobs how to avoid all losses.   

[b¡tco¡n]

I assume you don't actually need to cash out, but you are tempted due to frustration or fear of further loss. I'd say hang in there. We'll see $1k+ bitcoins again and maybe higher.

[Beliathon]

Enough is enough when I die of starvation.

Not before.

[jonald_fyookball]

thinking of when to get out, to then put your losses into a FIAT account at a 1% gain per year will mean that the $800 you had which you sell for $450. would need to sit in a bank account for 50 years+ just to get back to $800 again.

yet you can simply BUY another bitcoin for $450, which averages your "break even/profitable point" to then be $625.
so you can then:
sell out when the price gets to $625 to cash out your 2btc total of $1250 (breaking even $800+$450)
or making a profit by selling above the $625 value to make a profit.

you have not lost untill you sell at a loss... and smart investors never sell at a loss. they either show patience or they average down.

if you dont want to invest more to average down. then atleast show patience.

This is correct.  Dollar cost averaging is a well known, time tested investment strategy.
It only fails if you are using too much leverage (margin), or if the instrument never recovers.

[elavenil]

At this stage mining is not profitable. SO people stop mining. It will increase scarcity.In the long run price will increase.

[superdork]

I'm in it for the long hall. If I lose what I have in, so be it, but I think that there is a future in BTC. I also think that too many people and corporations have invested in it at this point for it to just go away.

ps- There are ways to still grow in the bitcoin world even when prices are down and/or dropping...